Bitcoin’s strong rally in the past two days has erased the losses for 2022. This has pushed the Crypto Fear and Greed Index into the “greed” territory. Interestingly, just a week back, the index was languishing in the “fear” zone. This shows how a few bullish days could change the investor sentiment quickly.

On-chain analytics firm IntoTheBlock recently tweeted that “the balance held by hodlers - addresses holding >1year, is currently at ath (all-time high). Hodlers increased their positions by 17% since late November. These addresses remained unfazed and accumulated throughout Q1 of 2022.”

Along with increased institutional interest, the purchase by the Luna Foundation may also have boosted sentiment. Do Kwon, the co-founder and chief executive officer of the firm behind the Terra blockchain, said to Bloomberg that it had purchased more than $1 billion in Bitcoin, with the latest purchase of about $135 million done on Monday.

We said in our previous analysis that $45,855 may act as resistance but if bulls push the price above it, the rally could reach the 200-day simple moving average (SMA) and that is how it happened.

The long wick on March 28 candlestick shows that bears are attempting to stall the rally at the 200-day SMA. If the price turns down from this level but does not drop below $45,855, it will suggest that the previous resistance has turned into support. This increases the possibility of a break above the 200-day SMA.

If that happens, the BTC/USD pair could start its rally to $52,000 where the bears may again mount a strong defence.

If the price turns down from the 200-day SMA and plummets below $45,855, it will suggest that the short-term traders who may have purchased at lower levels are closing their positions. That could open the doors for a possible drop to $42,500.

If that happens, the pair may remain rangebound between the moving averages for a few days.

Lastly please check out the advancement’s happening in the cryptocurrency world.

Enjoy the issue!

Featuring in this weeks Edition:

- HAVE NFT

- MetFX

- XMetaFans

- Ernest in Disguise

- 3QualiTy

- Nunu Spirits

- Ninja Fantasy Trader

- Artex

- Bashoswap

- bitcci

- Faith Tribe

- Maxxer

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Biden Eyes $5 Billion in 2023 Revenue From Applying New Tax Reporting Rules to Crypto

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HAVE NFT – The Veteran Bulldog NFT

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Faith Tribe: World’s Best Ecosystem for Creators & Designers!

The Diem stablecoin (originally Libra) has officially been abandoned and liquidated. After 3 years of work and various re-brandings (of both Facebook and Libra), what could have been the most consequential digital currency since Bitcoin has run out of road. The fate of the project was essentially sealed when Facebook committed to the line that “Libra won’t launch until regulators are satisfied” – so presumably never.

Innovators were taken for a ride, but now innovation can chart its own course. So how is it possible to push forward and ensure nothing stands in the way of progress? Here are the key points:

Hold reserves for stability, but not in fiat

Stablecoins are now commonplace in the crypto space, so there is no need to hold fiat for reserves. Ideally use a DAO-based stablecoin as a reserve asset, since those tied to traditional finance are prone to be underfunded due to lacking transparency (Tether), or failure to be permissionless (USDC). Permissionless remains key to ensuring the system can’t be undercut.

Most stablecoins track the USD, but that does not mean Libra should – in fact, that would be a mistake as it would inherit the same currency debasement. Libra should be its own currency unit, and therefore float relative to its reserve asset. The clean way to do this is following the algorithmic market-making approach, with a predefined curve

Pay interest, without relying on debt

If Libra was a threat to financial stability it’s because the debt based financial system is not sound. A new house is a consumer good not a productive asset, so you shouldn’t expect a return on investment from mortgage lending long term. Same for government debt: mostly used for deficit spending, therefore not a real investment.

The losses of such non-investments in the end get covered by money printing. This makes the money supply of advanced economies grow much faster than their rate of interest. With Libra not being based on debt, this gap could be closed, to have Libra pay much higher interest  – a conservative figure being 6% (based on matching money supply growth rate).

Spread the upside more broadly

The set of Libra Association members was impressive, but ultimately no single one of them had enough at stake compelling them to fight for the project. Buy-in needs to be allowed to disseminate freely, just as other crypto assets have done and are now gaining political clout.

It wouldn’t make sense to issue yet another utility token however. They are toy financial instruments, in that their value is not fundamentally tied to the commercial success of their system. As Libra is effectively operating a bank, it should finance itself in a similar way, namely through interest margin. Even a small fraction of the 6% which will be distributed as interest is substantial when properly accounted for as a recurring cashflow over several years.

Conclusion

Rather than cracking down on some actual fraud, or price manipulation of a trash token, the effort was directed to killing off Libra precisely because it had merit. If you agree the potential which Libra had cannot be left unfulfilled, details of the new system implementing the points above are publicly available.

What is Bluetherium?
Bluetherium is a decentralized financial ecosystem for professional athletes, sports enthusiasts, and people who want to be successful in or have limited access to sports.

Acting as a reliable alternative to traditional payment solutions for consumer health and fitness products and services, Bluetherium is an organization that aims to solve major problems in the sports industry. We aim to keep our community alive and expand by offering awards through various events and activities.

Our vision
We are working hard to build a better future for the world of sports, and to develop an ecosystem that encourages athletes by replacing existing infrastructures.

We want to help people in developing countries and those who have limited access to sports right from our development stage by utilizing the ecosystem we have created. To achieve this, we plan to organize competitions and events and ensure that we reach people in need.

Problem:
Sports have a positive effect on the health and socialization of the individual.

In the 21st century, eating habits and increased calorie intake of society due to ever-changing lifestyles and decreasing physical activity cause serious health problems.

With the addition of the pandemic, the level of physical activity has dropped to even lower levels, decreasing the socialization and social habits of individuals even further.

Moreover, professional and amateur athletes have also been negatively affected by the outbreak, and this has led to additional problems.

The problems faced by athletes can be summarized in 2 main headings:

1) Economic:
Lack of Facilities:
There are insufficiencies in the quantity and quality of facilities that athletes have access to.

The fact that there is only a limited number of facilities that athletes can access in their home countries makes it difficult for them to progress, and the lack of resources necessary for certain sports branches in their hometowns cause great disadvantages for the training of potential athletes.

Lack of Equipment:
One of the main shortcomings that affect the quality of the athletes’ sports experiences, as mentioned above, is the fact that athletes cannot reach the equipment required for their goals causing decreased performance and preventing the necessary development that is a vital part of personal development.

Athletes’ Financing:
Professional and amateur athletes who participate in less popular sports branches in their home country find it hard to find sponsor support, and the inadequacy of an athlete’s financial condition often leads them to quit or to change the sports branch that they are initially interested in, especially in cases where when they cannot find financial aid.

Insufficient Ergogenic Support:
Lack of financing affects the continuity of the athletes’ development.
Perhaps the biggest detrimental impact on the development of athletes is the lack of funding to obtain ergogenic support, also leading to nutrition deficiency.

Health Assurance:
Athletes, especially in sports branches other than popular ones usually face health burdens if their own families do not have health insurance, or if they don’t have sufficient financing.

*In most cases there is also an absence of health insurance policies that is enough to cover all of the athletes’ needs, regardless of their branch.

Insufficient Federation Budget:
There is often a lack of budget allocation for most sports branches in federations.
This inadequacy causes the athlete or sports club to face obstacles while preparing for competitions, to finance the athletes, the club and the competition, and to provide for transportation and accommodation.

2) Education;
Lack of trainers:
There is usually a shortage of specialized trainers in various sports branches due to a lack of financing.

The excess number of athletes per trainer affects both the quality and the amount of time allocated per individual athlete, causing inadequate physiology, nutrition and culture, creating athletes who are not competent in the science of training, who lack basic sports knowledge and those with insufficient education.

The lack of training directly affects the success of the sports branch and decreases the continuity and health of the athlete.

The main obstacles for the development of sports can be summarized by the following:
1- Sports being perceived as a luxury lifestyle
2- Society’s ignorance related to sports
3- Insufficient financing for less popular sports branches
4- Limited financial support and facilities for professional athletes
5- Lack of support for young talents who are enthusiastic about sports, especially in developing countries such as Africa
6- Not enough incentives for sports in daily life
7- Health problems
8- Insufficient support for the Paralympics

Solution
Bluetherium aims to utilize blockchain and metaverse technology to solve the financial problems of the sports industry. By building a DeFi ecosystem tailored for sports, we aim to incentivize the community to both increase their sports activities and earn money while doing so.

Bluetherium:
1- Is a decentralized financial ecosystem tailored for the sports industry
2- Includes a mining system that involves the activities of people engaged in sports, both for professional or hobby purposes
3- Is a platform where athletes and sports fans can get together
4- Will establish sports facilities to aid the community
5- Will spread sports and training in popular culture by conducting various events and activities, and prevent sports from being perceived as a luxury lifestyle.

How can I get $BLUT?
$BLUT is currently only available through our ICO launchpad: https://ico.bluetherium.org in 3 phases with the following prices:
Phase I: 0,2 USD,
Phase II: 0,3 USD,
Phase III: 0,4 USD.
Following the completion of the ICO, we will apply to several CEXs as well as DEXs.

Tokenomics:
https://github.com/bluetheriumofficial/docs/blob/main/bluetherium/whitepaper-v1.01/tokenomics.md

Website:
https://bluetherium.org/


ICO Launchpad:
https://ico.bluetherium.org/

Whitepaper:
https://bluetherium.org/Whitepaper.pdf

Social Media Channels:
https://twitter.com/bluetherium
https://t.me/bluetherium
https://medium.com/bluetheriumofficial
https://bluetheriumofficial.gitbook.io/docs/
https://www.facebook.com/bluetherium/
https://www.instagram.com/bluetheriumofficial/
Announcements Channels:
https://bitcointalk.org/index.php?topic=5389311
https://t.me/bluetheriumannouncements

Listings:
https://crypto.com/price/ico-calendar/detail/Bluetherium-91
https://coinranking.com/tr/coin/u1NNcxjAa+bluetherium-blut
https://icolink.com/ico-bluetherium.html
https://blockspot.io/coin/bluetherium/
https://foundico.com/ico/bluetherium.html
https://icoholder.com/tr/bluetherium-1015486

Coming Soon:
Coinmarketcap
Coingecko

Our Contract:
https://bscscan.com/token/0xef4ec6011c6fed75abccc51af378a26894865f87

Airdrop:
Twitter - 40 BLUT to 100 winners  - https://twitter.com/bluetherium/status/1505209523149148160
Telegram - 40 BLUT to 100 winners - https://t.me/bluetheriumofficial
Facebook - 40 BLUT to 100 winners - https://www.facebook.com/bluetherium/photos/a.102673779044191/111551464823089/
Instagram - 40 BLUT to 100 winners - https://www.instagram.com/p/CbSlSdvIGUA/
Signup bonus - 50 BLUT to 500 winners - https://ico.bluetherium.org?reference=INF01

Korea Blockchain Enterprise Promotion Association (Chairman Han-Young Lee) and AMAXG Group (AMAXG, CEO Jeong-Moo Choi) are co-hosting the ‘AMAXG BIZA DApp Development Contest’ in the first and second half of this year.

According to an AMAXG official, the purpose of this Contest is to “provide development and participation opportunities so that life-based services using block chain technology can be implemented through AMAXG’s BIZA Dapp, the BIZAuto platform service, and We will support education and consulting.”

BigData, Artificial Intelligence (AI), Metaverse, NFT convergence platform development and operator AMAXG said, "We are receiving applications for the first round of participation by April 30(Sat) and the second round of applications by September 30(Fri)." Participants include college students, ordinary people, and developers who can develop DApp based on BizAuto MainNet.

An official from the Contest said, “Based on the BIZAuto MainNet platform, we will select and support talented people who can develop DApps in various fields such as public, living, culture, finance, education, medical, distribution, SNS, sports game, and leisure. ”We support the valuable challenges of young talents who will be the leaders of future generations.”

Currently, BIZAuto Platform consists of ▲ BIZA-CarnegieMall(the world's first decentralized P2P shopping mall) ▲ BIZA-Metaversity(integrated two-way AI education at educational institutions around the world) ▲ BIZA-UVIT (cultural, art, e-sports, movable property, real estate, digital asset NFT exchange ▲ BIZA-MetaWorld(Metaverse Platform).

In addition, CEO Choi Jeong-moo said, "We regularly operate courses such as basic education for blockchain beginners in AMAXG and practical training for external developers." We plan to establish a global online and offline education center to foster digital talent and expand job creation.

Details of the contest can be found on Homepage (amaxgdapp. com), Facebook(@BizaMainnet), YouTube (AMAXG BIZA-TV) and Twitter (https://twitter.com/BizaMainnet)