• Russia’s biggest bank, Sberbank, is launching a DeFi platform on Ethereum in May.
• The product director of the bank’s blockchain lab has voiced his support for decentralized finance technology.
• Technical analysts believe that Ethereum’s upcoming Shanghai upgrade could drive its price to $2,000 and beyond.

Russia’s Sberbank Launches Decentralized Finance (DeFi) Platform

Russia’s biggest bank Sberbank is set to launch its Ethereum-based DeFi platform in May. It has already started private beta testing and will soon open to customers for commercial transactions. The product director of the bank’s blockchain lab has expressed confidence in DeFi technology as a viable alternative to traditional banking systems.

Why Is Ethereum the Perfect Choice?

Ethereum is an ideal Blockchain for the Sberbank DeFi platform due to its compatibility with wallets like MetaMask. This means that users can easily pair their wallets with the platform and take advantage of all its features. Additionally, the adoption of Ethereum by any sector usually results in positive outcomes for both parties involved.

What Can We Expect From ETH Price?

At present, Ethereum is doing well in terms of price performance; it has gained 6% over the past 7 days alone. Although ETH hasn’t yet reached $2,000, there are high hopes that this could change when the Shanghai upgrade takes place sometime in March 2021. Technical analysts have also noted this possibility, suggesting that this week may bring some major changes to ETH’s momentum and market value alike.

Will DeFi Take Over Traditional Banking Systems?

Konstantin Klimenko, who works as product director at Sberbank’s blockchain lab, believes that decentralized finance technologies will eventually replace traditional banking systems altogether. While this may seem far off right now, Klimenko does suggest that these technologies will become more prominent over time and could revolutionize how we manage our finances forevermore.

Conclusion

Sberbank’s decision to launch its DeFi platform on Ethereum has generated much excitement within the crypto world – especially when it comes to potential impacts on ETH’s market value following the upcoming Shanghai upgrade later this month. Furthermore, Konstantin Klimenko believes that such platforms will ultimately lead to a shift away from centralised banking systems towards decentralised ones – something which could revolutionise finance as we know it today!

• Mosdex is a crypto arbitrage platform that provides a solution to the volatility of the crypto markets.
• The platform offers participants a steady passive income with minimal risk, regardless of the direction of asset prices.
• Mosdex stands out from other arbitration platforms due to its blockchain processes, ensuring transparency and security.

Cryptocurrencies have become an increasingly popular asset class in recent years, with many investors looking to capitalize on the potential of the crypto markets. Unfortunately, the crypto markets are highly volatile, with prices of major coins like Bitcoin and Ethereum often fluctuating by double-digit percentages within days. This makes it difficult for investors to predict profits in the crypto sector.

To address this issue, Mosdex LLC, a Finnish firm, has developed an innovative crypto arbitrage platform – Mosdex. The platform acts as an island of calmness in a sea of volatility, allowing participants to earn a steady passive income with minimal risk, regardless of the direction of asset prices.

Mosdex is the brainchild of an experienced team of professionals with expertise in blockchain, DeFi, tokenization, arbitrage trading, and crypto trading. The team created the platform to provide traders with easy, steady profits and multiple income streams.

What sets Mosdex apart from other arbitration platforms is its blockchain processes. All transactions on the platform are automated and secured, ensuring unprecedented transparency. With Mosdex, traders can rest assured that their funds are secure and that the platform is operating in an efficient and transparent manner.

Overall, Mosdex is the perfect solution to the volatility prevalent in the crypto markets. It provides participants with a steady passive income while minimizing risk. With its secure and transparent blockchain processes, Mosdex stands out from other arbitration platforms.

• John Deaton, the founder of CryptoLaw, has revealed the condition he thinks could speed up a settlement between Ripple and the SEC.
• The condition is that the settlement would include an agreement to not disclose any documents received during the litigation of the case.
• However, Deaton adds that such a settlement would not end the public’s pursuit to know the contents of the documents, as other defendants sued by the SEC will, FOIA litigation, etc.

Attorney John Deaton, the founder of CryptoLaw, recently shared his opinion on what may be the catalyst for a settlement between Ripple and the SEC. He believes that if the two parties reach an agreement, it would include an agreement to not disclose any documents received during the litigation of the case.

This would mean that any sensitive documents related to the case would be sealed, with neither Ripple nor the SEC being able to release the documents to the public. However, Deaton notes that such a settlement would not prevent the public from obtaining the contents of the documents. He noted that the SEC may still face other defendants and FOIA litigations, which could potentially lead to the documents being unsealed.

The statement comes in response to a question from a community member, asking if Judge Analisa Torres would soon rule on the Ripple and SEC’s sealing disputes. The question specifically called out the Bill Hinman email documents, which are believed to contain sensitive information related to the case.

Deaton’s statement has sparked speculation that a Ripple and SEC settlement could be on the horizon. If Judge Torres grants the agreement, it could lead to a resolution being reached sooner than anticipated. Of course, at this point, it is impossible to predict what the outcome of the case will be.

Nevertheless, Deaton’s opinion has provided a hint of optimism to those following the case closely. It remains to be seen if the SEC and Ripple can reach a settlement, but the possibility of a resolution is looking increasingly likely.

• Flare Network, a layer 1 Ethereum Virtual Machine (EVM) compatible oracle network blockchain, has completed its long-awaited airdrop for holders of Ripple’s XRP token.
• The Jan. 9 airdrop saw a total of 4.279 billion Flare (FLR) tokens distributed, making it one of the largest scale distributions in crypto history.
• Developers can now access Flare’s State Connector and Flare’s Time Series Oracle, allowing the blockchain industry to flourish with more useful decentralized applications.

After years of anticipation, the Flare Network has finally completed its first token distribution event. This is a significant milestone for the network, as it has been delayed due to Ripple’s legal troubles. The airdrop saw a total of 4.279 billion Flare (FLR) tokens distributed to holders of Ripple’s XRP token. This makes it one of the largest scale distributions in crypto history, allowing millions of users on exchanges including Binance, OKX, Kraken, Bithumb, UpBit, KuCoin, and BitBank to benefit.

The token distribution represents the first 15% of the full public token supply, with the remaining 85% to be determined by the community. By completing the airdrop, developers can now start to take advantage of the Flare Network’s EVM and native data acquisition protocols. Furthermore, they can access Flare’s State Connector and Flare’s Time Series Oracle. These tools are essential for the blockchain industry to flourish, enabling developers to create useful decentralized applications that will provide more utility to a larger group of users.

According to Hugo Philion, CEO and co-founder of Flare, “We are excited to finally have the token distribution event complete and to be able to provide the community with the tools we have been working on for so long. We are confident that the Flare Network can be a leader in the blockchain industry and a driving force for the further adoption of blockchain technology.”

The Flare Network’s airdrop is a major step towards providing a secure and efficient platform for developers and users to interact. With its native data acquisition protocols, developers can build applications that provide more utility and value to users, pushing the blockchain industry forward. The completion of the airdrop is sure to be celebrated by the crypto community, and will pave the way for more innovative and useful applications to be built on the Flare Network.

• Shiba Inu developers are at the final stages of completing the Shibarium updates
• The Shiba Inu community member shared a Discord message posted by one of the network’s core developers, Trophias, who disclosed the next steps before the long-awaited Shibarium beta launch
• Developers are integrating the final pieces of the upgrade, which will be accompanied by organizational changes and document releases before the Shibarium project launch

The Shiba Inu developers are on the cusp of a major milestone in the development of their cryptocurrency. After making updates to the network’s website on Sunday, the developers have taken the first step toward launching the Shibarium beta phase. An influencer on Twitter with the username @ShibBPP shared a Discord message posted by one of the network’s core developers, Trophias, which outlined the remaining steps before the long-awaited Shibarium beta launch.

According to Trophias‘ message, the developers must release the Shibarium whitepaper before the beta launch. He also wrote that the first stage had been the website development, the document, and the beta launch. This was further confirmed by another message from Shytoshi Kusama, which was shared by the SHIB influencer. The message revealed that the developers are integrating the final pieces of the upgrade, which will be accompanied by organizational changes and document releases before the Shibarium project launch.

The launch of the Shibarium platform will be a major milestone for the Shiba Inu project, as it will open up numerous opportunities for the cryptocurrency. The platform will provide users with access to a range of services and features, such as a decentralized exchange, decentralized applications, and a smart contract platform. With the launch of the Shibarium platform, the Shiba Inu project could potentially become a major player in the cryptocurrency space, with a market capitalization of over one billion dollars.

The Shiba Inu community is eagerly awaiting the launch of the Shibarium platform, as it could potentially be the catalyst for the cryptocurrency to reach its goal of becoming a billion-dollar project. As the developers continue to make progress on the project, the Shiba Inu community will be watching closely to see if the cryptocurrency can reach its ambitious goals.

• Dash 2 Trade is a crypto intelligence platform that is currently in the midst of its successful presale phase.
• Experts believe that the D2T token price could explode in 2023 after the project gears up for CEX listings.
• The Dash 2 Trade presale has already raised an impressive $11.4m and is set to end on January 6th.

Dash 2 Trade, a new crypto intelligence platform, is making waves in the crypto industry as it reaches the end of its successful presale phase. The project has already raised a staggering $11.4m, and experts predict that the D2T token price could see a surge in 2023 as the project gears up for CEX listings in the coming weeks.

2020 and 2021 have been tumultuous years for the cryptocurrency market, with high inflation rates, rising interest rates, and a general bearish sentiment making it difficult for investors to make informed decisions. Dash 2 Trade is aiming to make navigating these challenging market conditions easier by providing investors with practical and objective tools. The presale has been a resounding success, with the development team initially expecting the sale to last much longer before deciding to bring forward the end date to January 6th.

The funds raised during the presale will be used to develop the Dash 2 Trade platform, as well as to put the roadmap’s plans into action. The development team is also gearing up for several major exchange listings, which could see the token’s price explode in 2023. The project is striving to create a comprehensive platform that provides users with detailed analytics, charting, and trading insights. The platform also offers a wide range of features such as portfolio tracking, market data monitoring, and automated alerts.

Dash 2 Trade is on a mission to revolutionize the crypto trading space, and the presale has been a great success so far. The project is currently in the process of preparing for its CEX listings, and it’s expected that the D2T token price could see a significant surge in the near future. With the crypto winter continuing to rage on, Dash 2 Trade’s innovative platform could be just what the market needs to get back on its feet.

• Cardano has emerged as the leading blockchain for development activity in 2022 according to a report by Santiment.
• Polkadot (DOT), Cosmos (ATOM), Ethereum (ETH), InternetComputer (ICP), Elrond (EGLD), Flow (FLOW), Optimism (OP), Aptos (APT), and Polygon (MATIC) followed closely behind Cardano.
• The growth in development activity can be credited to active network contributors, which came to a total of 53.

At the end of 2022, Cardano has emerged as the leading cryptocurrency for development activity, according to a report by Santiment. The report revealed that Cardano had unseated 9 other blockchain protocols by the end of the year, to lead overall blockchain development activity. Following closely behind Cardano were Polkadot (DOT), Cosmos (ATOM), Ethereum (ETH), InternetComputer (ICP), Elrond (EGLD), Flow (FLOW), Optimism (OP), Aptos (APT), and Polygon (MATIC).

This milestone is extremely remarkable considering that the year was largely filled with continuous pushback due to the bear market stunting the growth of many protocols. However, Cardano’s development activity was able to remain strong and surge ahead of the competition. The growth can be credited to active network contributors, which came to a total of 53.

Santiment also observed the state of the Solana and Aptos Blockchain. They noted that Aptos had been working extremely hard before the mainnet was launched, but then activity had chilled down after. On the other hand, Solana had strong development activity, but the metric had been declining heavily throughout the year.

In November, Cardano was able to reach a major milestone by launching its Shelley mainnet. This launch enabled Cardano to become the first proof-of-stake blockchain that is powered by a democratic governance system. This was followed by the launch of the Alonzo hard fork in December, which enabled the network to move to a smart contract platform.

All of these developments have enabled Cardano to lead the way in blockchain development activity for 2022. It is expected that the network will continue to lead the way in development activity in the upcoming years as well.

• Cardano has unseated 9 other Blockchain protocols to lead blockchain overall development activity in 2022.
• Santiment revealed a bullish reversal trend among ADA sellers, whose short positions have reduced significantly.
• Cardano also led overall blockchain activity in 2021 with development activity surpassing 140,000.

The blockchain industry made a remarkable progress in the year 2022 with Cardano leading the way. According to Santiment’s latest dev-activity metric, Cardano has made a remarkable progress, unseating 9 other blockchain protocols to lead blockchain overall development activity. This is a huge milestone for the network, particularly considering that the year was mostly filled with continuous pushback as the bear market stunted the growth of many protocols.

In addition to Cardano’s lead, Santiment has also observed the state of the Solana and Aptos Blockchain. It was noted that Aptos has been working hard before its mainnet and chilled down after. Solana, on the other hand, could have been on the chart as its devactivity is still strong, but the metric is declining heavily through the year.

In November 2020, Cardano was the first proof-of-stake blockchain to be formally verified. This was a major milestone for the network and it was the first step towards the Cardano platform becoming a trusted source of data storage and verification. This verification also helped Cardano to remain a leader in overall blockchain development activity in 2021. Santiment noted that the network’s development activity has surpassed 140,000.

Moreover, Santiment noted a bullish reversal trend among Cardano sellers as their short positions have reduced significantly. This is a positive sign for the network as it will help the network to remain a leader in the blockchain industry.

In conclusion, Cardano has made a remarkable progress to become the lead blockchain for development activity in 2022. The network’s development activity has surpassed 140,000 and Santiment has observed a bullish reversal trend among Cardano sellers. This is a major milestone for the network and it is a positive sign for the network to remain a leader in the blockchain industry.

• Charles Hoskinson was voted the most influential crypto influencer for 2022, beating Binance’s CZ by a whisker.
• Whalechart.org conducted a poll for the most influential persons in crypto for 2022, with 36,000 people voting.
• Binance’s Changpeng Zhao and Cardano founder Charles Hoskinson were the top two contenders, with Charles Hoskinson securing 36.5% of the votes.

Cryptocurrency has seen some significant changes in the past year, including the collapse of FTX and the US lawmakers mulling money laundering charges against Binance’s CZ. With this in mind, Whalechart.org conducted a poll for the most influential persons in crypto for 2022. The poll included four options, namely Vitalik Buterin, Charles Hoskinson, Changpeng „CZ“ Zhao, and Sam Bankman-Fried.

A total of 36,000 people voted, and Charles Hoskinson emerged as the top crypto influencer for 2022. He secured 36.5 percent of the votes, with Binance’s Changpeng Zhao coming in second at 34 percent. FTX founder Sam Bankman-Fried was ahead of Ethereum co-founder Vitalik Buterin by seven percentage points.

Upon the announcement, Binance CEO Changpeng Zhao congratulated Charles Hoskinson, who responded by calling it a tough vote and suggesting they call it a draw. This result is in stark contrast to CoinMarketCap’s Most Influential People in Crypto list, where CZ was the top contender.

Overall, it appears that Charles Hoskinson’s work on the Cardano blockchain has won him recognition from the crypto community. With a close finish, and both CZ and Hoskinson being influential leaders in the space, it is clear that the crypto sphere is in good hands.

• BitPay has seen greater demand for Litecoin payments in the last few months, processing over 200,000 LTC transactions worth more than $35 million
• LTC is currently among the top performing crypto assets, up 40% in the second half of 2022 and outperforming BTC by 130% in the same period
• Litecoin now does 27% of all payments on BitPay, second only to Bitcoin which still contributes nearly 41% of the total payments

As the crypto space continues to grow in popularity, one altcoin has recently grabbed the attention of investors worldwide – Litecoin (LTC). Over the last six months, LTC has shown great strength and has become the preferred payment network among crypto enthusiasts.

Crypto processing firm BitPay has reported seeing a surge in demand for LTC payments, integrating them onto its platform in July 2021. Since then, it has processed over 200,000 transactions, valued at more than $35 million across its merchant networks. Currently, Litecoin makes up 27 percent of all crypto payments on BitPay, second only to Bitcoin which contributes nearly 41 percent.

The LTC price has also been on the rise, increasing by 40 percent in the second half of 2022 and outperforming Bitcoin by 130 percent in the same period. This indicates that Litecoin is becoming more popular for everyday purchases and retail transactions.

Speaking to PYMNTS, Stephen Pair, the CEO of BitPay, said: “Most merchants would like to take all payment methods. The [litecoin] community has been really supportive, they’re buying everything with it. They really pay attention to the merchants on our platform and tend to become patrons of those companies. Litecoin bills itself as the silver to bitcoin’s gold, and they’ve always been about faster payments and lower fees.”

In addition, Litecoin has never been down in its 11 years of existence, making it a dependable choice for crypto payments. The increase in demand for Litecoin has made it a more viable option for online transactions, and it looks set to continue increasing in popularity in the crypto space.