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• Bware Labs is a blockchain infrastructure provider founded in 2021 with the purpose of contributing to the rise of a truly decentralized Web3 ecosystem.
• Blast is a multichain API platform that has reached 4k weekly active users, 100+ enterprise customers, it supports over 40 networks and it has well surpassed 100 billion total API calls.
• Bware Labs expanded over the API business and is aiming to become a one-stop shop for all the tools the Web3 players need, servicing both builders, as well as enterprises, blockchains and App Chains.

Bware Labs: Contributing to Web3 Adoption

Bware Labs is a blockchain infrastructure provider founded in 2021 with the purpose of contributing to the rise of a truly decentralized Web3 ecosystem. The company was born out of frustration with current market reliance on centralized platforms. This led to Blast – a multichain API platform – being built and launched in under one year.

Blast Reaches New Heights

Since its release in 2022, Blast has reached impressive milestones including 4k weekly active users, 100+ enterprise customers and supporting over 40 networks. It has also well surpassed 100 billion total API calls. Blast achieves best-in-industry response times and top-notch reliability by delivering high-tech proprietary solutions for proxying and routing user requests.

Expanding Beyond APIs

Bware Labs quickly expanded beyond its initial API business offering and aims to become a one-stop shop for all tools required by Web3 players such as builders, enterprises, blockchains and App Chains. The company also added new projects in their validator services portfolio such as Mina Protocol’s Validator Incentive Program which pays out rewards for participating nodes running validator services on Mina’s network via BWare’s technology stack while keeping security at top priority through advanced automated control systems that are constantly monitoring node performance.

Commitment To Open Source

The team at Bware Labs have also made several open source contributions aimed at advancing the web 3 ecosystem such as providing support for Ethereum 2 stakers who use an alternative consensus mechanism called Casper FFG (Friendly Finality Gadget). They have also released various libraries such as Goerli SDK which simplifies integration between developers‘ applications with Ethereum 2 staking service providers like BWareLabs without needing any additional code changes or development effort from their side. Additionally, they have contributed bug fixes & enhancements to other popular open source projects like Parity Substrate & Geth Node Client making them more secure & reliable while increasing their overall performance too!

Moving Forward With Web3 Adoption

In order to move forward with web 3 adoption worldwide, Bware Labs will continue its mission of developing innovative new technologies focused on solving challenges currently facing web 3 builders while promoting increased decentralization throughout all parts of our society – from financial transactions down to everyday internet usage & data storage/handling needs! Their commitment towards creating an open source environment where everyone can freely collaborate together without boundaries or censorship remains strong; they want everyone involved within this space to succeed just as much as they do themselves!

Overview

• Bitcoin’s price has surged over the last couple of days and has broken past a key resistance level.
• Technical analysis shows that the market is trending impulsively to the upside, with the key $30K zone being the next probable target for the price in the short term.
• The RSI indicator should be monitored closely as it is entering overbought territory, indicating a possible bearish pullback or consolidation in the short term.

Daily Chart Analysis

Bitcoin’s price has rebounded decisively from its significant 200-day moving average, located around the $20K mark a few days ago. It then began to trend impulsively to the upside, eventually breaking above the $25K resistance level. Now, traders are targeting for a breakout above $30K as this would likely initiate a bullish phase in coming months. However, caution should be taken into consideration as there are signs of an imminent bearish pullback or consolidation due to overbought signals indicated by RSI indicator.

4-Hour Chart Analysis

On closer inspection of Bitcoin’s 4-hour chart, one can observe that it has recovered well from around $20K area and has broken past two prominent resistance levels at $23K and $25K respectively. These levels can potentially provide support on any retracement attempts in future. Additionally, RSI also points towards an impending bearish correction as it is now into overbought range but with a clearly bullish market structure in place; any pullbacks should remain limited and short lived.

Conclusion

Overall, Bitcoin’s price action is highly bullish at present but traders must keep an eye out for signs of reversal or stagnation in order to protect their profits and capital investments going forward. A breakout above $30K could propel BTC higher while bearish corrections may stall progress following prolonged rallies.

Takeaway

In conclusion, BTC’s current uptrend looks promising despite some signs of a potential reversal looming ahead due to technical indicators being in overbought territory. Traders should monitor both daily and 4-hour charts for opportunities to buy low or take profits before any significant pullbacks occur..

• Grizzly.fi, a DeFi platform, is giving away a Tesla Model 3 to celebrate the release of their new roadmap.
• The giveaway ends on March 20th and is organized in collaboration with some big names in the DeFi world.
• To participate, users must sign up on the giveaway page and complete some actions to increase their chances of winning.

Grizzly.fi Announces Tesla Model 3 Giveaway

Grizzly.fi, a DeFi platform that wants to make DeFi accessible to everyone, has announced a collaboration with some big names in the DeFi world for a Tesla Model 3 giveaway! The giveaway will end on March 20th and was organized to celebrate the release of Grizzly.fi’s new roadmap which will be released on March 10th.

Objectives of this Giveaway

Grizzly.fi hopes that by offering this amazing prize, more people will be encouraged to join the DeFi movement and see its many benefits for themselves. They are excited to give back something valuable to its community as motivation for furthering its mission of making DeFi more accessible and widely used across the globe!

Collaborating Companies

The Tesla Model 3 giveaway is organized by Grizzly.fi, along with many renowned DeFi companies: Vacabee, Stader, XCAD Network, DEUS Finance, Persistence, Fear, Thena, Coin98 Finance, Galactic and Biswap.

How To Participate?

To participate in the Grizzly.fi Tesla Model 3 giveaway you should access the giveaway page from your browser or mobile device; sign up with your details; and then complete a series of actions listed in order to increase your chances of winning! Keep an eye out for more updates from Grizzly.fi about this amazing opportunity!

Conclusion

Don’t miss your chance to win an amazing Tesla Model 3 courtesy of Grizzly . fi ! Be sure to stay tuned for more information about this incredible offer – it could be yours if you play your cards right!

• Alpine Esports, a Group Renault brand and competitor in the Formula 1® series, has announced its partnership with QANplatform, a cutting-edge blockchain platform.
• The partnership will aid Alpine Esports’ fan engagement strategy and create practical use cases to support internal operations.
• QANplatform will become the Official Blockchain Partner of Alpine Esports, illustrating how blockchain technology can be used to develop applications beyond payments processing.

Alpine Esports Partners With QANplatform

Alpine Esports (a Group Renault brand, and inter alia in the Formula 1® Esports Series) and QANplatform, the cutting-edge blockchain platform, have announced a strategic partnership. The partnership aims to create a number of practical use cases for blockchain technology to show its versatility beyond payment processing for sim racing, esports and automotive industries.

Objectives of Partnership

The main objective of this partnership is to help Alpine Esports with their fan engagement strategy by enabling them to gamify their content. Additionally, QANplatform will provide access to its developer framework which will allow Alpine Esports to automate certain internal processes while providing secure and fast data that can be used to enhance team performance and organization.

Benefits for Alpine Esports

The benefits that this partnership provides for Alpine Esports include: creating new ways to attract viewers; gaining access to developer frameworks; automating internal processes; using secure data; enhancing team performance & organization.

Benefits for QANplatform

The benefits that this partnership provides for QANplatform include: showing the versatility of blockchain technology beyond payment processing; developing applications for businesses besides payments processing; becoming an official partner of Alpine eSports.

Conclusion

This strategic partnership between Alpine Esports and QANplatform is mutually beneficial as it allows both parties to create value through the use of blockchain technology. By leveraging its capabilities in areas such as fan engagement strategies and team performance & organization enhancement, both companies are able to benefit from each other’s expertise and resources.

• TCNH, a stablecoin pegged to offshore Chinese Yuan (CNH), has been listed on Huobi.
• Users can acquire TCNH tokens through the crypto trading pairs available on exchanges, including Huobi.
• The CNH-pegged stablecoin will benefit from low transaction costs and instant transfer speed when deployed on TRON.

TCNH, A Stablecoin Pegged to Offshore Chinese Yuan, Listed On Huobi

TCNH, a stablecoin pegged to offshore Chinese Yuan (CNH) with a pilot program allowing organizations to mint TCNH, announced that it is now available on Huobi, where users can trade it through the TCNH/USDT pair.

About Huobi

Huobi is a leading crypto exchange that has witnessed its cumulative trading volume exceeding $1.2 trillion since its launch in 2013. It provides secure and reliable crypto trading and digital asset management services for millions of users in over 130 countries/regions worldwide and has customer service teams in Singapore, Japan, Korea, Brazil, Hong Kong SAR and other regions.

Benefits Of TCNH

Apart from minting directly through TCNH’s official website after being verified as a whitelisted organization, users may also acquire TCNH tokens through the crypto trading pairs available on exchanges. Already deployed on TRON—one of the world’s fastest-growing public blockchains—the CNH-pegged stablecoin TCNH will benefit from low transaction costs and instant transfer speed.

Huobi Seeking License In Hong Kong

Huobi is currently seeking a license in Hong Kong which is a major step for the leading cryptocurrency exchange and a sign of its continued commitment to operating in a compliant and regulated manner. This has significant implications for the transactional utility and broader adoption of TCNH.

Conclusion

In conclusion , Huobi listing of TCHN offers new opportunity for high liquidity . With access to one of the world’s largest markets , investors can enjoy low transaction fees , fast transfers , and broad adoption . This has exciting implications for blockchain technology adoption across different industries.

• Joe Biden is reportedly appointing Lael Brainard, Vice Chair of the Federal Reserve, as his top economic adviser.
• Brainard is a critic of cryptocurrencies and an advocate for a digital dollar that would be highly centralized and monitored by authorities.
• She has expressed concerns about Decentralized Finance (DeFi), saying it could facilitate illicit activities.

Joe Biden’s Top Economic Adviser

President Joe Biden will soon name Lael Brainard, Vice Chair of the Federal Reserve, as his top economic adviser. Previously working at the White House under President Bill Clinton, Brainard was also nominated as a Fed Governor in 2014 by Barack Obama.

Critic of Crypto and Advocate for Digital Dollar

Brainard is known as an opponent of cryptocurrencies, opining that bank involvement in the asset class could cause monetary chaos. Additionally, she is a proponent for a digital dollar that would be highly centralized and monitored by authorities.

Concerns About DeFi

Brainard has also expressed concerns about Decentralized Finance (DeFi), saying the new technology could be a catalyst for possible illicit activities: „The permissionless exchange of assets and tools that obscure the source of funds not only facilitate evasion, but also increase the risk of theft, hacks, and ransom attacks.“

Impact on Crypto?

It remains to be seen how Brainard’s appointment will affect crypto markets going forward – it could either support or hinder innovation within this space depending on her attitude towards it. So far her stance appears to be relatively conservative but we’ll have to wait and see if this changes over time or with further influence from other entities within Biden’s administration.

Conclusion

While Lael Brainard may not have been many people’s first choice for Joe Biden’s top economic advisor due to her anti-crypto views, it is important to remain optimistic until we can gauge how she might shape policy decisions related to this space in her new role. Only time will tell what impact her appointment may have on cryptocurrency markets going forward!

• Ethereum has recently broken the 200-day moving average and the multi-month channel’s upper trendline, however it is now consolidating beneath a major resistance level of $1.7K.
• There is a substantial bearish divergence between the price and RSI indicator on the daily timeframe which could lead to volatility in the coming days.
• Ethereum has three critical static levels: $1.7K major resistance level, $1.3K minor support level, and $1K major support level.

Ethereum Price Analysis

Uptrend Halt After Reaching Major Resistance At $1.7K

Ethereum’s uptrend has been halted after reaching the major resistance at $1.7K. The price action seems choppy, while a short-term correction is what many expect.

Technical Analysis

By Shayan – Ethereum has surpassed the 200-day moving average and the multi-month channel’s upper trendline due to the recent bullish move of the whole market. However, there is a substantial bearish divergence between the price and RSI indicator on the daily timeframe which could lead to volatility in upcoming days.

Static Levels For Ethereum

There are three critical static levels for Ethereum on its daily chart; they are:

• The $1.7K major resistance level
• The $1.3K minor support level
• The $1K major support level.

The price has been ranging between these two points for several months and it is likely that if rejected from its current position, Ethereum will next stop at its minor support level of $1.3k before continuing with its trend or entering a new one altogether depending on market conditions..

Ascending Head & Shoulder Pattern On 4 Hour Chart

Ethereum’s price action seems to be bearish on its 4 hour timeframe as it has been forming an ascending Head & Shoulder pattern after reaching an important resistance region that may lead to further downward movements below its neckline at around 1$.5k if confirmed by market actions .

Conclusion

It can be concluded that despite being in an overall bullish trend, Ethereum faces some headwinds in terms of possible corrections in both short term and long term due to various factors such as bearish divergences between prices and RSI indicators , formation of certain patterns ,and certain key static levels that act as strong resistances or supports depending on their values . Therefore potential investors should keep themselves aware of any changes happening within these parameters before taking any decisions related to investments .

• Web3-focused fund VVF recently announced a $5 million investment in Everscale Blockchain.
• The investment is meant to support the Web3 industry by helping Everscale hire more developers and increase the number of projects.
• VVF was co-founded by Abu Dhabi-based Iceberg Capital Limited and the Venom Foundation.

Web3-focused fund Venom Ventures Fund (VVF) recently announced a $5 million investment in Everscale Blockchain. This strategic investment is meant to solve scalability issues that plague the Web3 industry and help Everscale complete its mission of hiring more developers and increasing the number of projects.

VVF was co-founded by Abu Dhabi-based Iceberg Capital Limited and the Venom Foundation. The fund came into being earlier last month and is focused on Web3 development. It aims to support the Web3 industry and bridge the gap between the development of blockchain-based protocols, applications, and infrastructure.

According to a document seen by CryptoPotato, the $5 million investment will go towards supporting Everscale’s expansion efforts. This will include hiring more developers and increasing the number of projects. VVF’s Chairman Peter Knez stated, “For us, this is a strategic investment aimed at the technological development of projects.”

The investment is also meant to help Everscale solve the scalability issues that many Web3 projects are facing. Scalability is a major concern in the blockchain industry and is one of the biggest hurdles when it comes to the adoption of blockchain technology.

Everscale was launched in 2020 and is a Web3 platform that offers a suite of products and services for developers. It provides a blockchain-based protocol for developers to build applications on. This protocol is designed to make it easier for developers to create and launch blockchain-based applications.

The investment from VVF will help Everscale expand its reach and grow its user base. It will also help the company improve its products and services and make them more accessible to developers.

VVF’s investment in Everscale is a sign of the growing interest in Web3 development. The Web3 industry is expected to grow exponentially in the coming years as more projects and developers enter the space. This investment will help ensure that Everscale remains at the forefront of this growth.

• Ethereum’s price has been on the rise for quite a while now after breaking above the $1300 resistance level.
• Technical Analysis suggests that at least a short-term correction is quite probable, with the 200-day moving average located around the $1400 mark being the first potential turning point.
• A break above the $1800 level could open the door to further price appreciation while an RSI in overbought conditions suggests a short-term pullback.

Ethereum’s price has been steadily rising for the past few months, with the digital asset breaking through the key $1300 resistance level. This bullish momentum has been further reinforced by a surge in demand for the asset, which has seen it reach new all-time highs. From a technical perspective, Ethereum has been forming higher highs and higher lows, suggesting that the uptrend is likely to continue in the short-term.

The daily chart shows that Ethereum is currently trading above the $1600 level, with the next resistance level being the $1800 mark. If the bulls can break through this level, it could open the door to further price appreciation as the buyers are likely to target the $2000 level. On the other hand, the RSI indicator has been in overbought territory for the past few days, suggesting that a short-term correction is possible.

In case of a pullback, the 200-day moving average located around the $1400 mark could be the first potential turning point for Ethereum. A break below this level could put the buyers in a tricky situation as it could potentially open the door to further losses. Furthermore, the 50-day moving average located around the $1300 mark could be the next support level in case of a deeper retracement.

Overall, Ethereum’s price has been on a strong uptrend and is likely to continue higher in the short-term. However, a short-term correction is possible and traders should be aware of the potential support and resistance levels. If the bulls can break above the $1800 resistance level, it could open the door to further price appreciation while a break below the $1400 mark could put the buyers in a tricky situation.

• OFAC’s tryst with the crypto industry dates back to 2018 when it designated two Iran-based individuals of malicious cyber activity.
• The US Treasury Department banned American citizens from using Tornado Cash, sparking widespread outrage.
• According to Chainalysis, it is not easy to „pull the plug“ on a decentralized protocol.

The Office of Foreign Assets Control (OFAC) has been making waves in the crypto industry ever since it designated two Iran-based individuals of malicious cyber activity back in 2018. OFAC’s interference in the crypto industry has been met with much criticism, most recently when the US Treasury Department announced that American citizens were banned from using Tornado Cash. This ban sparked widespread outrage, leading to many questioning why OFAC would target a non-custodial and open-source protocol.

Recently, a report by Chainalysis shed light on the situation, revealing why it is not so easy to “pull the plug” on a decentralized protocol like Tornado Cash. According to the report, the sanctions imposed by OFAC on Tornado Cash had an effect, but it was not complete. Instead, activity on Tornado Cash decreased by about 50%, indicating that it was resilient to the sanctions.

The report also showed that the sanctioned address was not the only one used for transactions on Tornado Cash. Instead, other addresses were also used before and after the sanctions, indicating that the protocol was still active and functioning. This could be attributed to the fact that the protocol is open-source, meaning that anyone can access the code, modify it, and use it to make transactions.

In addition to this, Chainalysis found that the majority of the transactions on Tornado Cash were conducted by non-US citizens, who were not affected by the sanctions. This could be seen as a testament to the power of decentralized protocols, which are designed to be resilient to censorship and manipulation.

Despite the resilience of Tornado Cash, the report highlights the need for more regulatory clarity when it comes to the crypto industry. While the US government has made efforts to regulate crypto, there is still a lack of clarity when it comes to decentralized protocols and how they should be treated. This is especially true for open-source protocols, which can be modified and used for various purposes.

Therefore, it is important for governments to work together to create a regulatory framework that is conducive to the growth of the crypto industry. This would ensure that decentralized protocols continue to flourish, while also ensuring that individuals are held accountable for their actions. This is especially important in light of the recent OFAC sanctions, which sent a strong signal to the crypto industry that regulators are keeping a close eye on the space.