🚀 Banking Giant Goldman Sachs Ranks Bitcoin As World Best Performing Asset
According to Goldman Sachs, Bitcoin has outperformed its cryptocurrency pairs and those major financial institutions of the traditional market with a risk-adjusted return (Sharpe ratio) of 3.1. The Sharpe Ratio is used to measure market volatility-adjusted performance; the higher the ratio, the better the investment, currency, or stock in terms of risk-adjusted returns. 🔗 Read more

✴️ Cardano-based exchanges confirm Djed listings ahead of stablecoin launch
Decentralized exchanges MinSwap and MuesliSwap, both based on the Cardano blockchain, have announced their support for the upcoming Djed stablecoin and its accompanying governance token, Shen. The stablecoin, which is planned to go live on the Cardano network next week, will be offered as part of the liquidity pools on these exchanges. MinSwap, the largest decentralized exchange on Cardano, revealed that Djed and Shen will be paired against the ADA cryptocurrency in a liquidity pool. With over $30 million in liquid tokens locked on the exchange, this presents a significant opportunity for Djed to gain traction in the Cardano ecosystem. 🔗 Read more

⛓ Cardano Founder: Things Moving Quickly, Tons of DApps Coming Online
Cardano founder Charles Hoskinson has taken to Twitter to voice his excitement about the slew of advancements seen on the Cardano blockchain. According to the Cardano founder, things are moving so quickly that a ton of dApps might soon surface. "It's exciting to see things moving so quickly in the Cardano ecosystem. Sidechains are coming along including Cosmos, djed is launching soon, Hydra and Mithril on schedule, Lace almost out of beta, tons of DApps coming online," Hoskinson wrote. 🔗 Read more

🚀 Ripple’s Garlinghouse Hopeful On Outcome Of XRP Lawsuit As He Stays Bullish On Crypto Market
Brad Garlinghouse, the CEO of financial technology company Ripple Labs, has expressed confidence in the SEC vs Ripple lawsuit being settled this year, noting that a final ruling might come before June 30. Speaking on the sidelines of the World Economic Forum in Devos, the Ripple executive revealed that he was satisfied with the Ripple team’s defence. He also noted that they were open to a settlement with the U.S. Securities and Exchange Commission (SEC), despite the regulator’s continued insistence on most cryptocurrencies being securities. 🔗 Read more

📰 This Week In Crypto (CW 4)
1. FTX creditor list shows airlines, charities and tech firms caught in collapse
2. BlockFi uncensored financials reportedly shows $1.2B FTX exposure
3. New ‘Celsius token’ may be used to repay creditors
4. Binance holds token collateral and user funds on same wallet by ‘mistake’
5. Genesis creditors file securities lawsuit against Barry Silbert and DCG

CW3 (last week)

💭 What To Expect As Cardano-Based Overcollateralized Stablecoin Djed Is Set To Go Live
Djed, the flagship Cardano blockchain native overcollateralized stablecoin, is set to launch this week. COTI, the layer 1 blockchain network that jointly developed Djed with Cardano core developers IOG, unveiled new details of the launch.COTI noted in a blog post that the ADA-backed stablecoin would deploy on the mainnet once chain index syncing is complete. The technical process took around 14 days to complete and was started last week, COTI said. 🔗 Read more

🚀 Djed, the Algorithmic Stablecoin, Finally Goes Live on Cardano Mainnet
The collapse of UST, the algorithmic stablecoin on the Terra ecosystem, drove negative sentiment for this category of stablecoins. This collapse last year drove the crypto industry deeper into a bear market, and investors lost billions. The COTI team, with the help of Input Output Global (the creators of Cardano), worked for a year to re-establish trust in algorithmic stablecoins. Finally, they announced “a new era of stablecoins” with the launch of Djed. 🔗 Read more

🌍 BNB Chain developers introduce whitepaper for new Web3 storage network
The core development team at BNB Chain released a whitepaper for BNB Greenfield, a blockchain-based Web3 platform that provides smart contract-integrated data storage. With BNB as its native token, users will be able to store data on a distributed network and access or monetize it through smart contracts on the BNB Smart Chain, according to the whitepaper. 🔗 Read more

🚀 Cardano stablecoin Djed TVL hits $10M in 24 hours, ADA up 4%
The total value of assets locked (TVL) on Cardano-based overcollateralized stablecoin Djed crossed $10 million during the first 24 hours of its launch, according to DeFillama data. Available data on Djed’s website shows that the stablecoin has a circulating supply of 1.7 million, while its reserve token, SHEN’s supply, is at 20.8 million. Coti CEO Shahaf Bar-Geffen tweeted that Djed’s reserve ratio peaked at 800% some hours after its launch — the percentage has dropped to 596% as of press time. 🔗 Read more

🏦 Will Coinbase Relist XRP Now That There Is Regulatory Clarity?
The community is hopeful that XRP could be relisted on Coinbase following the success of attorney John E. Deaton who won what is believed to be regulatory clarity regarding secondary market sales of cryptocurrencies earlier this week. In the legal battle between blockchain-based content sharing and publishing platform LBRY and the U.S. Securities and Exchange Commission, Deaton and LBRY scored a major victory for the entire crypto industry. As Bitcoinist reported, the lawyer participated as an amicus of tech journalist Naomi Brockwell in the hearing on remedies in the case LBRY v. SEC. 🔗 Read more

🚀 Ethereum developers to open public testing of Shanghai-Capella upgrade on Feb. 7
The Ethereum network is set to activate the Zhejiang public test network on Feb. 7, as the platform prepares for the Shanghai-Capella upgrade in March. Zhejiang is currently in a preview phase and will be upgraded once more in the coming days for public use. Shanghai-Capella, also referred to as Shapella, is an upgrade aimed at enabling ether (ETH) withdrawals from network validators — a feature that is currently unavailable. Shanghai will upgrade the execution layer of Ethereum, while Capella will upgrade the consensus layer of the blockchain. To reach the final upgrade in March, developers have planned multiple phases of public testing, beginning with Zhejiang. 🔗 Read more

⛓ StarkWare to open-source prover technology for Ethereum Layer 2 network
Ethereum scaling project StarkWare plans to open-source the StarkNet Prover in an effort to make the technology publicly available and increase the transparency of its code. The prover is a crucial component of the StarkNet, a widely adopted Layer 2 scaling network for Ethereum based on the ZK-STARKs technology. The prover is responsible for generating cryptographic proofs to compress transactions and improve the efficiency of Layer 2 scaling. 🔗 Read more

📰 This Week In Crypto (CW 5)
1. SBF’s $250M bail guarantors should be made public, rules judge
2. UK Treasury publishes crypto framework paper: Here’s what’s inside
3. Celsius publishes list of users eligible to withdraw majority of assets
4. Silvergate faces DOJ investigation over FTX and Alameda dealings
5. Meta CEO Zuckerberg steadfast on metaverse plans despite $13.7B setback

CW4 (last week)

🚀 CryptoExplorer PRO Updates (Feb 2023)

Hey everyone!

Happy to announce upcoming changes to our CE PRO Members (Free and Paid ones)

⭐️ PRO Members Updates
Beside the daily watchlist and market updates, livestreams and much more, we are soon adding the following content:
- Trending Token Research
- Our Portfolio Updates & Trades
- Discussion forum with exclusive content
- Weekly video summaries
- Promising Upcoming Airdrops

🆓 FREE Members Updates
As a free member you can expect the following starting with today:
- News Updates
- Free Discord Forum for Q&A
- Simple Market Updates
- Portfolio Sneak Peak
- Crypto Video Courses
- Challenges to win free memberships

🔥Basically you are getting everything from this Telegram Group + much much more for free by joining with this link: https://discord.gg/cryptoexplorer

🚀 For everyone who wants to go even further and stay on the edge of crypto, become a PRO today: https://pro.cryptoexplorer.cc/membership (currently 50% off 🤫)

🏦 Russia's Sberbank to launch DeFi platform in coming months
Russia's largest lender Sberbank (SBER.MM) plans to launch a decentralised finance (DeFi) platform within the next few months, the Interfax news agency reported. Sberbank says it wants to make the Russian decentralised finance system the best in the world, and is currently beta testing its own platform. Decentralised finance platforms allow users to perform typical banking transactions, such as lending, saving and investing, based on distributed ledger, or blockchain, technology. 🔗 Read more

✋ Crypto exchange Binance will suspend U.S. dollar transfers
Binance, the world’s largest cryptocurrency exchange, will suspend U.S. dollar deposits and withdrawals, the company said Monday, without providing a reason for the decision. “We are temporarily suspending USD bank transfers as of February 8th,” a Binance spokesperson told CNBC. “Affected customers are being notified directly.” The company said “0.01% of our monthly active users leverage USD bank transfers” and added that “we are working hard to restart service as soon as possible.” 🔗 Read more

🚀 Fakeout or Breakout?
Did Bitcoin already reach the bottom and start now to new heights? Which strategy is the best in the current market?

Checkout our latest Instagram post to know more! 🔥

Slide 2️⃣ Reasons against a bull run
Slide 3️⃣ What our experts have to say?
Slide 4️⃣ Which coins do we buy?

🚀 Bitcoin Rises to $23.3K as Jerome Powell Repeats 'Disinflationary Process' Comment
While the "disinflationary process" has started, it will take a good deal of time before the U.S. Federal Reserve is ready to declare victory in its fight against rising price levels, said Jay Powell, discussing the economy with Carlyle Group co-founder David Rubenstein. Rubenstein wasted no time in the interview, leading off by asking if last Friday's blowout jobs report (517,000 jobs added) might have changed the Fed's decision two days earlier to hike its benchmark Federal Funds rate by just 25 basis points. Powell said the news wouldn't have been likely to have made a difference. 🔗 Read more

🤖 Microsoft, Google chatbot frenzy prompts rally in AI, big data tokens
Artificial intelligence (AI) and big data tokens are rallying amid the sudden fascination with AI chatbots. Google is promoting its Bard bot, while Microsoft relaunched its Bing search engine with ChatGPT built in. Crypto assets in the AI and the big data space have jumped. Big data protocol (BDP), the native token of an emerging decentralized data marketplace, leads the pack with a 1,400% rally in the last week, to trade around $0.48, according to CoinGecko data. 🔗 Read more

Do/did you invest in Big Data / AI Tokens? 😎

💸 Kraken to Shut US Crypto-Staking Service, Pay $30M Fine in SEC Settlement
Crypto exchange Kraken will “immediately” end its crypto staking-as-a-service platform for U.S. customers and pay $30 million to settle Securities and Exchange Commission (SEC) charges it offered unregistered securities, the U.S. agency announced Thursday. Payward Ventures, Inc. and Payward Trading Ltd., the registered companies that make up Kraken, will end staking services and programs, the SEC said. The programs offered the general public access to staking services since at least 2019. 🔗 Read more