Cryptonaire Weekly Magazine Edition 232 by Cryptonaire Weekly Magazine

CONTENTS 05

CRYPTO TRADE OPPORTUNITIES

WEEKLY CRYPTOCURRENCY MARKET ANALYSIS

SMAC TOKEN – FUNDAMENTAL & TECHNICAL ANALYSIS

PRESS RELEASE

MINE NETWORK INTRODUCES ITS P2E MINING GAME MINEVERSE YIELDCHAIN – JUST OPENED THEIR PRESEED SALE NUNU INTRODUCES NUNU SANCTUARY, PLAYERS’ HOME BASE LOOP VENTURES REVOLUTIONIZES BLOCKCHAIN INNOVATION: LOOP VENTURES INCUBATOR OPEN FOR APPLICATIONS ERNEST COMICS NEXUS: WELCOME TO OUR LAUNCH PRESENTATION

PLUTUSFI GOES LIVE: SET TO EMPOWER CRYPTO BUSINESSES, INFLUENCERS AND ENTHUSIASTS

COINBASE CEO PREDICTS ONE BILLION CRYPTO USERS WITHIN A DECADE

EU COMMISSIONER CALLS FOR GLOBAL COORDINATION ON CRYPTO REGULATION

GERMANY IS THE NUMBER ONE TAX HAVEN FOR CRYPTO INVESTORS WITH 0% TAX RATES

VECHAIN (VET) NOW ACCEPTED AS PAYMENT IN 2,000,000 STORES WORLDWIDE THANKS TO NEW PARTNERSHIP

CRYPTO.COM'S CRONOS TOKEN PLUNGES 10% TO HIT SIX-MONTH LOW

Cryptonaire Weekly | May 3rd 2022

MARK CUBAN SUGGESTS HOW ELON MUSK CAN FIGHT TWITTER SPAM USING DOGECOIN

MICHAEL SAYLOR, JACK DORSEY AMONG BITCOIN HEAVYWEIGHTS DEFENDING MINING IN LETTER TO EPA

CLEANCARBON: INNOVATIVE WASTE-TO-ENERGY PROJECT BASED ON BLOCKCHAIN

ZIBERBUGS: AN INNOVATIVE PVP AUTOBATTLER MODEL POWERED BY BLOCKCHAIN TECHNOLOGY

CRYPTO INDUSTRY LOBBIES AGAINST BILLS TARGETING RUSSIAN OLIGARCHS EVADING SANCTIONS USING CRYPTOCURRENCY

MORE THAN $1.6 BILLION EXPLOITED FROM DEFI SO FAR IN 2022

ARGENTINA'S LARGEST PRIVATE BANK TO OFFER BITCOIN, ETHEREUM TRADING

GOLDMAN SACHS RECENTLY OFFERED ITS FIRST BITCOIN (BTC)-BACKED LOAN

BINANCE COIN: HERE’S WHAT AN INCREASE IN WHALE ACTIVITY MEANS FOR BNB INVESTORS

TANGIBLE LAUNCHES THE MAINNET OF ITS NFT MARKETPLACE BACKED BY REAL-WORLD ASSETS

SOLANA GOES DARK FOR 7 HOURS AS BOTS SWARM ‘CANDY MACHINE’ NFT MINTING TOOL

BORED APE CREATORS SLAMMED FOR 'NIGHTMARE' ETHEREUM NFT LAND DROP, 'TONE DEAF' RESPONSE

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EDITORS LETTER Bitcoin ended April on a sombre note with a decline of more than 17%. Bitcoin was not the only asset class that faced drubbing in April, the Nasdaq Composite plunged 13.3% recording its worst monthly performance since October 2008. The S&P 500 had its worst performance since March 2020 as it fell 8.8%. During Berkshire Hathway’s annual shareholders’ meeting, Warren Buffet and Charlie Munger doubled down on their criticism of Bitcoin. Buffet said he would not buy all the Bitcoin in the world even if it was offered to him for $25 because according to him, it does not “produce anything” unlike rental property or farmland. Munger went a step ahead and said that Bitcoin is “still likely to go to zero.”

We had suggested in our previous analysis that the 20-day exponential moving average (EMA) will act as a resistance and that is what happened. Bitcoin turned down from the 20day EMA on April 28 and dropped near the strong support at $37,000 on May 1. The bulls bought the dip but the recovery continues to face selling near the 20-day EMA. If bulls fail to clear this hurdle quickly, the possibility of a drop below $37,000 increases. If that happens, the selling could pick up momentum and the BTC/USD pair could plummet to $34,322 and later to $32,933. While the downsloping 20-day EMA signals advantage to bears, the positive divergence on the relative strength index (RSI) suggests that the bearish momentum may be losing steam. The first sign of strength will be a break and close above the 20-day EMA. If that happens, the pair could rally to the 50-day simple moving average (SMA) where the bears may again pose a stiff challenge. The bulls will have to clear this hurdle to indicate that the selling pressure has reduced.

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

Karnav Shah Founder, CEO & Editor-in-Chief



CRYPTONAIRE WEEKLY After mentoring thousands of crypto traders around the globe, we have culminated all of the consistent and ongoing requirements of crypto-traders into one place. Our Cryptonaire Weekly magazine includes expert technical analysis, providing trading opportunities to our subscribers as well as fundamental analysis so our readers can keep up to speed with the current developments in the crypto markets. Not only do we provide the information necessary to trade active cryptocurrencies on the exchanges, but we also take a look at ICOs to help you find those golden projects with real value! No longer will you have to rely on multiple sources to keep on top of the markets, we deliver everything directly to your inbox each and every week. Featuring in this weeks Edition:

What are you waiting for? Subscribe now!

- Mine Netoork

- Ernest in Disguise

- SmartChem (SMAC)

- PlutusFi

- AppZaloot

- ZiberBugs

- Yieldchain

- CleanCarbon

- Nunu Spirits

- Have NFT

- Loop Ventures

Also Get, - Markets Analysis - Market News Update - Read Our Latest Blog: ZIBERBUGS: AN INNOVATIVE PVP AUTOBATTLER MODEL POWERED BY BLOCKCHAIN TECHNOLOGY CLEANCARBON: INNOVATIVE WASTE-TOENERGY PROJECT BASED ON BLOCKCHAIN

For Latest update

Cryptonaire Weekly | May 3rd 2022

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WEEKLY CRYPTOCURRENCY MARKET ANALYSIS Hello, welcome to this week’s 232nd edition of Cryptonaire Weekly Magazine. The global crypto market cap is $1.74 Trillion, down $130 billion since the last week. The total crypto market trading volume over the last 24 hours has increased by 7.27% to $85.91 Billion. The DeFi volume is $9.41 Billion, 10.64% of the entire crypto market’s 24-hour trading volume. The volume of all stable coins is $72.97 Billion, 84.94% of the total crypto market’s 24-hour trading volume. Bitcoin’s price has decreased 4.99% from $40,520 last week to around $38,500 and Ether’s price has decreased by 5.00% from $3,000 last week to $2,850 Bitcoin's market cap is $733 Billion and the altcoin market cap is $1.07 Trillion. Bitcoin ended April on a sombre note with a decline of more than 17%. Bitcoin was not the only asset class that faced drubbing in April, the Nasdaq Composite plunged 13.3% recording its worst monthly performance since October 2008. The S&P 500 had its worst performance since March 2020 as it fell 8.8%. In the near term, the markets will keenly watch the policy action of the US Federal Reserve. The Fed‘s two-day meeting will end on May 4 and the central bank is expected to hike rates by 50 basis points and outline plans to reduce its balance sheet. If the central bank springs any hawkish surprises, both the equity markets and crypto markets may witness a selloff in the short term. “Sell in May and go away” is a popular stock market adage but that does not necessarily apply to the crypto markets. Data from on-chain monitoring resource Coinglass shows that Bitcoin rallied more than 50% in 2017 and again in 2019. In 2021, the tide turned against the bulls and Bitcoin plummeted more than 35%. Considering the recent track record of Bitcoin in May, traders may expect a large move in either direction.

Percentage of Total Market Capitalization (Dominance)

Bitcoin

42.13%

Ethereum

19.74%

Tether

4.79%

BNB

3.67%

USD Coin

2.83%

XRP

1.72%

Solana

1.69%

Terra

1.68%

Cardano

1.52%

TerraUSD

1.07%

Others

19.14%

Bitcoin’s weakness this year has resulted in a sharp selloff in listed companies that hold Bitcoin on their balance sheet. Researcher Clara Medalie said companies such as Block, Tesla, MicroStrategy, and Coinbase were down between 20 to 50% while Bitcoin had declined 17% year-to-date. During Berkshire Hathway’s annual shareholders’ meeting, Warren Buffet and Charlie Munger doubled down on their criticism of Bitcoin. Buffet said he would not buy all the Bitcoin in the world even if it was offered to him for $25 because according to him, it does not “produce anything” unlike rental property or farmland. Munger went a step ahead and said that Bitcoin is “still likely to go to zero.”

Cryptonaire Weekly | May 3rd 2022

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Cryptonaire Weekly | May 3rd 2022

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CRYPTO TRADE OPPORTUNITIES BITCOIN - BTC/USD to face selling near the 20-day EMA. If bulls fail to clear this hurdle quickly, the possibility of a drop below $37,000 increases. If that happens, the selling could pick up momentum and the BTC/USD pair could plummet to $34,322 and later to $32,933. While the downsloping 20-day EMA signals advantage to bears, the positive divergence on the relative strength index (RSI) suggests that the bearish momentum may be losing steam. We had suggested in our previous analysis that the 20-day exponential moving average (EMA) will act as a resistance and that is what happened. Bitcoin turned down from the 20-day EMA on April 28 and dropped near the strong support at $37,000 on May 1.

The first sign of strength will be a break and close above the 20-day EMA. If that happens, the pair could rally to the 50-day simple moving average (SMA) where the bears may again pose a stiff challenge. The bulls will have to clear this hurdle to indicate that the selling pressure has reduced.

The bulls bought the dip but the recovery continues

Previous Analysis...

ETHEREUM - ETH/USD The buyers will once again attempt to push the price to the 20-day EMA and later to the resistance line of the channel. A break and close above the channel will suggest that the bulls are back in the game.

There is a minor hurdle at the 50-day SMA but if bulls overcome it, the ETH/USD pair could rally to $3,313.

Conversely, if the price once again turns down from the 20-day EMA, it will suggest that the sentiment remains negative and traders are selling on rallies. The bearish momentum could pick up if the price breaks below the channel. The pair could then decline to the strong support at $2,500.

We had highlighted that Ether is trading inside a descending channel pattern and if the price turns down from the 20-day EMA, it may extend its stay inside the channel. That is what happened as the price turned down from the 20-day EMA on April 29 but bounced off the support line of the channel on May 1.

Cryptonaire Weekly | May 3rd 2022

Previous Analysis...

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BINANCE - BNB/USD The bulls will have to push and sustain the price above the 50-day SMA to signal that the bears are losing their grip. The pair could then rise to $431.4 and later rally to the stiff overhead resistance at $460. On the contrary, if the price turns down from the 20-day EMA, it will suggest that the sentiment remains negative and traders are selling on rallies. The bears will then attempt to sink the pair below the May 1 intraday low of $375.50. If they succeed, the selling could accelerate and the pair may drop to the strong support at $349. The bulls are expected to defend this level aggressively because a failure to do so could resume the downtrend.

Binance Coin turned down from the 50-day SMA on April 29 and dropped below the strong support at $385 on April 30. However, the bears could not sustain the price at lower levels as the bulls purchased the dip aggressively and pushed the BNB/USD pair back above the breakdown level on May 1.

Previous Analysis...

RIPPLE - XRP/USD The XRP/USD pair broke and closed below the strong support at $0.68 on April 26 and dipped to an intraday low of $0.56 on April 30. The buyers are attempting to defend the level as seen from the rebound on May 1. The recovery is likely to face strong selling at the 20-day EMA. If the price turns down from this resistance, the bears will attempt to sink the pair to the psychological support at $0.50. Alternatively, a break and close above the break down level of $0.68 will suggest that the pair may remain stuck inside the large range between $0.91 and $0.58 for the next few days.

We had warned in our previous analysis that if buyers do not push the price above the 20-day EMA, XRP could plummet to $0.60 and that is what happened.

Previous Analysis...

LUNA - LUNA/USD The bulls will have to clear this hurdle to gain the upper hand. If the price turns down from the overhead zone, the pair may consolidate between $103.50 and $75 for a few more days. Conversely, if the price turns down from the 20-day EMA, the bears will again try to pull the pair below $75. If they succeed, the pair will complete a bearish head and shoulders pattern. Terra’s LUNA token plunged near the strong support at $75 on April 30. The bulls purchased this dip and are attempting to push the price above the 20-day EMA.

This negative setup could result in aggressive selling, which could sink the pair to the psychological support at $50.

If they succeed, the LUNA/USD pair could rise to the overhead resistance zone between $100 and $103.50.

Cryptonaire Weekly | May 3rd 2022

Previous Analysis...

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Cryptonaire Weekly | May 3rd 2022

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Fundamental Analysis Responsible investing is not only about choosing the company or token that will multiply your money but also make the earth greener and rid it of poisonous pollutants. While the equity markets boast of several such companies and exchangetraded funds, the crypto investors had very few options until Intelligent Fluids GmbH introduced SmartChem (SMAC) tokens. SMAC token is an ERC-20 token that has also been integrated into the Binance Smart Chain Ecosystem as a native BSC BEP-20 token. Intelligent Fluids is a deep tech company that is set to disrupt the rapidly growing industrial cleaning market whose value is projected to exceed $54 billion by 2025. The innovative technology of Intelligent Fluids has numerous advantages over the existing solvent-based chemicals. It is dermatologically approved, reducing the risk to human health. It reduces energy consumption by 65%, benefiting the climate. There is 70% less necessity of waste disposal as it is biodegradable. As it does not require high operating temperatures and has no hazards, it reduces process costs. It is no surprise that the company has won several awards for its technology such as the Green Product Award in 2021, Blockchain Starts winner in 2019, NOURYON Imagine Chemistry Award in 2019, and many more. The company is backed by a strong management team that has a combined science know-how of more than 58 years. In terms of entrepreneurship,

Cryptonaire Weekly | May 3rd 2022

the company boasts a total experience of 35 years, increasing the possibility of success. With many advantages over the conventional cleaning systems and a strong management, the company is on track to capture market share from the existing players. Intelligent Fluids expects its revenue to grow to more than $400 million by 2030, a huge increase from its 2020 revenue of about $1.5 million. By 2030, the company anticipates its market share to increase to more than 5%. All this will be achieved by keeping an eye on profits, which are expected to reach over 40% by 2026. While the trajectory of the company looks impressive, how will the token holders benefit? The company plans to raise funds through an initial DEX offering in partnership with ATNIR Capital. The initial token supply will be 150 million with the price being fixed at $0.007, leaving sufficient gains for the hodlers in the long term. The IDO starts on May 4 and will end on May 8, giving an opportunity to investors to be part of a disruptive technology at a very early stage. Owners of the token will be able to avail a 30% discount on Intelligent fluids products until 2022. The discount will reduce to 20% in 2023 and to 15% by 2024. The attractive discount structure suggests that the demand for the tokens may go up sooner than later as companies buy more tokens to avail greater discounts on the purchases of Intelligent fluids products.

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According to an estimate by the company, by 2031, it would have sold an estimated 255 million litres of fluids, which is well above the total tokens in circulation. Along with the potential profits from the increase in token value, investors can also be part of a project

Technical Analysis The SMAC token started the year on a strong note but then succumbed to selling pressure in line with the broader crypto markets. The bulls attempted to start a rally in early March and pushed the price to a new all-time high, but they could not sustain the higher levels. When the broader market sentiment is bearish, traders tend to book profits quickly. That is what happened, and the gains quickly evaporated. However, a minor positive has been that the token has been finding strong support near $0.005 for the past several days. The SMAC/USD pair soared from $0.005 on March 27 to $0.038 on April 7, providing investors with a gain of 660% within a few days. This shows that the pair has the potential to rally if the broader market sentiment improves.

which claims to reduce carbon emissions by more than 50%, save 60% energy costs in the projects they undertake. In addition, investors will also end up supporting OceanCare, a marine wildlife protection project, and several other environmentfriendly organisations.

psychological level at $0.010. If they succeed, the next stop could be $0.015. This level could act as a stiff resistance but if bulls do not give up much ground, it will suggest that the sentiment has turned positive, and traders are buying on dips. That could increase the possibility of a break above $0.015. If that happens, the pair could pick up momentum and rise to the stiff resistance at $0.038. The bears are expected to mount a strong defence at this level but if bulls overcome this barrier, the pair could surge to $0.051. Contrary to this assumption, if the price turns down and plummets below $0.005, it will suggest that traders are rushing to the exit. That could dampen sentiment and resume the downtrend.

However, the price has again entered a sharp decline due to profit-booking. A minor positive is that the bulls are attempting to form a higher low at $0.007. This suggests that the buyers are not waiting for a deeper correction to enter long positions. The pair has rebounded off the support and the bulls are attempting to sustain the price above the

Cryptonaire Weekly | May 3rd 2022

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PRESS RELEASE

MINE Network, the first multi-chain mining metaverse is pleased to announce the launch of the first-ever play-to-earn mining game, the MINEverse. The MINEverse is a fantasy world made of stone and metal where mining is the path to glory. MINEverse features a dwarven kingdom in which users use a pickaxe and grit to earn Bitcoin (BTC), Ethereum (ETH), and other proof of work tokens derived from real mining power.

Cryptonaire Weekly | May 3rd 2022

The platform welcomes users to explore the mythical island of Hollandar where they can venture down to the darkest caves to dig in search of gems. On this island, charming misfits, cunning merchants, and ferociously gritty dwarves compete for the glory of gold. The MINEverse team believes that proof of work mining should be accessible to all, making it an exciting advancement for all crypto enthusiasts, whether experienced or beginners.

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To access the mining platform, users can use two paths. In the first path, users need to claim a master miner NFT and upgrade their toolkit to increase mining rewards. They can then proceed to forge their precious metals and watch their loot grow. The master miner NFT serves as a player’s avatar when playing the game after which, you, the player is rewarded with hashrate tokens. The second path entails a user becoming a cave operator allowing them to stake their $MNET tokens, the utility tokens on the platform. After staking, a user is allowed to claim their virtual cave deed giving

Cryptonaire Weekly | May 3rd 2022

them access to a pre-set (determined by the cave operator) percentage of all mining rewards within their caves. Cave operators will have to compete with others for the best Bitcoin miners with the added advantage of choosing which coin they want to mint. Please watch the MINEverse cinematic explanatory video to learn more. Also, head on over to their Gleam campaign to join in on their latest Giveaway contest: MINE’s Coolest Creative Contest, where you can subject MINE related media for your chance to win some MASTER MINER NFTs!

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Yieldchain – A fully composable & permissionless yield aggregation layer for all of DeFi, just opened their open Pre-Seed fundraising round on presale. yieldchain.io ! Yieldchain allows users to aggregate any staking pool in a fully composable manner, with no coding involved & with ease. By simply pasting a URL link of a staking pool, users are able to aggregate & strategize it on an easy-touse interface and deploy it as a vault. This allows over $50B worth of staked tokens in DeFi protocols to significantly & instantly increase their yields in an automatic manner, on any asset, any protocol & any farm.

Cryptonaire Weekly | May 3rd 2022

We have just opened our first fundraising round (Pre-seed). It is open for anybody to participate in, at a bargain of 0.03$ per token (FDV of only $3M!!). The minimum contribution is 10$ while the maximum is $5,000. Join the Pre-seed round now at presale.yieldchain.io Commenting on the potential of the Yield Chain project, Editor in Chief at Cryptonaire Weekly Mr Karnav Shah said, “Yield Chain Project is a no-code, fully composable, permissionless & interoperable yield aggregation layer, to power strategized yield optimization for all of DeFi. We are pleased to discuss this important project and hope to share more about its journey in the coming weeks.”

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Nunu Spirits, a decentralised play to earn gaming platform with an ecological action, allows users to plant trees in the real world by playing a game through its Nunu Sanctuary. Nunu Sanctuary is one of the basic features at the heart of the project. Nunu Sanctuary is a home base that grows with a player through their journey on the platform. By design Nunu Sanctuary allows users to view and upgrade their Nunu NFTs. The feature also enables users to choose which mini-game they want to play next, select events, missions, and change or trade Nunu with other players.

their mini-games and serves as the main ‘tech guy’, while the Adventurer and the Wizard walk players through the details of rewards. The Shaman walks the player through tree planting, and the Merchant explains how the marketplace works. Founded on three pillars: a fun game, a collectable NFT, and ecological action, Nunu Spirit seeks to create a better environment by combining fun and blockchain technologies.

Notably, within the Sanctuary lives a unique set of characters that provide users with guidance and access to many features. The characters have specific functions in the Sanctuary and will introduce themselves to the players once they interact with them. Following the Beta stage, set for the third quarter of 2022, users will be able to customise their Sanctuary with collected loot or by purchasing cosmetics in the Nunu Marketplace. Once fully launched, the Nunu Sanctuary will be the place where Elders take root and new Seedlings sprout. During the Alpha release, the Sanctuary will feature a Researcher, an Adventurer, a Wizard, a Shaman, and a Merchant. The Researcher helps players select

Cryptonaire Weekly | May 3rd 2022

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Built on Terra, Loop Ventures is the world’s first unified investment portal, giving investors access to innovative blockchain projects. We are glad to announce that applications to our Loop Ventures Nova incubator are currently open, where we incubate and accelerate innovative blockchain projects right from their point of conception, to funding, to scaling. The Nova incubator seeks to ensure success for each project as we feature the most experienced and professional team to provide a detailed look into every project we take on. Investors can only come in after a program is analysed and verified by our team. We have launched two outstanding portals that have been active since 1st April 2022, allowing investors to access the latest projects on our portals. These two portals, Titan and Atlas, are open to accredited private investors and public investors, respectively.

Ventures will connect you, the investor, to state-ofthe-art blockchain innovation projects. At the same time, we are looking to solve existing problems with the help of innovative blockchain technology, not only as an investment opportunity but also with the objective of creating positive impact on the environment and communities across the globe. Explaining what’s impressive about the innovative approach of the Loop Ventures project, Editor in Chief at Cryptonaire Weekly Mr Karnav Shah said, “Loop Ventures provides investors early access to the most innovative blockchain projects which have been comprehensively vetted for quality and validated for market demand. At Platinum Crypto Academy we are glad to have introduced our readers to such a brilliant initiative. I’m sure we will have more from the Loop Ventures project for our readers.”

With Titan, you will be able to track and manage your investment portfolio, whereas Atlas offers an easy-to-understand platform for both newbies and long-term blockchain investors seeking early access to ICOs and IDOs in the market. For investors, you can be glad to know that you will only be investing in projects that have experienced founders, reliable tokenomics, and assured longevity. As a global leader in not only blockchain investments but also tech innovation and impact projects, Loop

Cryptonaire Weekly | May 3rd 2022

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Ernest Comics, built on the Solana blockchain, is seeking to create a world of entertainment with the added advantage of providing ownership of storybased products thus giving birth to a whole new concept of storytelling. You are hereby invited to attend our Launch presentation that is scheduled for the 11th May. Time and further details will follow over email.

the potential of Non-Fungible tokens within the entertainment industry, bridging the relationship between creators and consumers. Informing investors of the future of entertainment. - Whitepaper We highlight the best position to take and identify solutions to specific problems in the current market.

We are looking forward to having an exciting installation in the Entertainment industry by Ernest comics.

Presented by co-founders, Anthony and Adrian, the meeting will take place through Google Meet to accommodate everyone from even those who are on the road to allow for active participation.

The highlight of the presentation will look into our roadmap, partnerships, utility, vision and mission, as well as our Whitepaper.

Do not be left out of this revolutionary opportunity allowing you to directly participate and better the launch.

- Roadmap Here we will highlight our baseline structure of our development providing you with what the future holds for you, taking you through every step of the way. - Partnerships Identifying and working with the right people will help us meet our objectives and shareholder needs and preferences. - Vision and Mission The mission of this presentation is to enlighten

Cryptonaire Weekly | May 3rd 2022

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True to their vision (See further, react faster), PlutusFi has gone live some days ago, bringing in a new dawn for crypto companies and investors. Since its SocialFi environment, PlutusFi is the perfect fusion of Web 3.0, finance, and social mechanisms within a blockchain ecosystem. Web 3.0 is the newest sensation among tech enthusiasts. No one can claim ownership of the mind-boggling technology since its development solely depends on users and different companies like PlutusFi. So, censorship and attempts to shut it down are technically useless. The innovative idea allows its integration with DAOs granting users exclusive voting rights and data control. In other words, the adoption of Web 3.0 means a new level of freedom, privacy, and security. Doubtlessly, PlutusFi has already set itself on the path to success. Beyond Web 3.0 functionalities, the company offers Software as a Service (SaaS) solutions to benefit crypto businesses, finfluencers, traders, and holders. Different mechanisms to ensure a safe and joyful environment for all parties are already in place. For instance, PlutusFi leverages the perks within the NFT (Non-Fungible Tokens) space. The tokens will be used as social markers, to distinguish user rankings while granting several benefits to their owners.

Cryptonaire Weekly | May 3rd 2022

Furthermore, the issuance of irrevocable ownership certificates will help verify asset ownership, whether physical or digital. Providing proprietary cutting-edge technologies, PlutusFi is also developing a Liquidity Bot, so that cryptocurrency projects are able to list their tokens on new markets, while providing the best experience for investors and professional traders. Meanwhile, trading bots will make it easy for beginner and seasoned traders to make money. Included also is a rewarding social trading aspect to encourage the adoption of cryptocurrencies. Coupled with the platform’s user-friendly interface, investors will be able to: - Experienced traders and finfluencers can profit by sharing personal setups with followers - Followers can effortlessly activate profitable Trading Bots from community leaders - Trade assets through API connections, from your own wallet inside exchanges - Effectively manage multiple portfolios in a single place - Track individual asset performance in different market states

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- Automate orders, trading 24 hours a day, every day - Manually customize and explore strategies, with dozens of active bots - Track the performance of various trades within record time Like other SocialFi’s, PlutusFi has its token (PLUFI), which can be used to store value and make payments. Solana will serve as the initial token network. The token’s issuance starts at 10,000,000,000, but will decrease over time, due to its deflationary economy.

About PlutusFi Although PlutusFi is a few months old, it’s not a new project per se. Rather, it’s been consistently growing for the past three years. The first attempt was in 2018 when one of PlutusFi’s main engineers developed software that would automatically execute trades. But just automating trades wasn’t enough. PlutusFi wanted to foster social inclusion, sharing knowledge so that crypto beginners and enthusiasts could tag along and slowly, but steadily grow their portfolios. Since social platforms are the pinnacle of digital engagements, the goal was clear: bring everything together through SocialFi tools. So the trials commenced. Followed by the development of PlutusFi’s first Trading Bot in 2019. There were also interactions with various programmers and

*Earnings Disclaimer: The information you’ll find in this article is for educational purpose only. We make no promise or guarantee of income or earnings. You have to do some work, use your best judgement and perform due diligence before using the information in this article. Your success is still up to you.

Cryptonaire Weekly | May 3rd 2022

platforms to help fine-tune the idea. In 2020, the first Graphical User Interface was developed. The massive success of the project demanded the formation of a bigger technical team. PlutusFi is currently running an ICO campaign until June 20th. Also, the Trading Bots service is entering the Open Beta phase and it’s currently free to explore all features, but it will end soon. So don’t miss these opportunities! Discussing the PlutuFi Project, Editor in Chief at Cryptonaire Weekly Mr Karnav Shah mentioned, “It’s rare you come across a project that explores wider utilities of the blockchain technology and expands the horizons with their SocialFi Revolution. We are truly excited to share the PlutusFi project and explain its fundamentals to our readers. We are certain that we will have more about this promising venture in our subsequent publications.” A Quote from Thales Castro, PlutusFi’s Project Manager, “Platinum Crypto Academy might not be into the SocialFi business yet, but it is surely cementing one pillar of SocialFi’s trend; the informational. Information is the key element on every social group, dictating the flow of knowledge from one to another. No investment would ever happen without information, so being up to date and knowing where/how to research is what brought us this far as one big community. Somehow, everyone here had access to information and PCA is, indeed, contributing to our SocialFi growth."

Nothing in this article is intended to be professional, legal, financial and/or accounting advice. Always seek competent advice from professionals in these matters. If you break the city or other local laws, we will not be held liable for any damages you incur.

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ADVANCEMENTS IN THE CRYPTOCURRENCY WORLD COINBASE CEO PREDICTS ONE BILLION CRYPTO USERS WITHIN A DECADE (Bloomberg) -- Within a decade, 1 billion people will have used or tried crypto, up from about 200 million currently, Coinbase Global Inc. Chief Executive Officer Brian Armstrong said at the Milken Institute Global Conference on Monday. “My guess is that in 10-20 years, we’ll see a substantial portion of GDP happening in the crypto economy,” Armstrong said, speaking at a session with ARK Investment Management LLC CEO Cathie Wood. His comments come at a time of turbulence in crypto markets. After hitting an all-time high of almost $69,000 in November, Bitcoin has been falling in value. The world’s biggest cryptocurrency is down about 17% since the beginning of the year.

of crypto where people can trade, lend and borrow tokens directly, without intermediaries like banks. “In the case of DeFi and next-generation internet, we are seeing a lot of financial companies losing talent to crypto,” Wood said. “So they have to take it seriously, or else they are going to be hollowed out.” Regulatory uncertainty in the U.S. continues to impede crypto’s advance, Wood said. Regulatory clarity in crypto has been happening at a much slower pace than with the internet, she said. At the same time, “it’s been harder and harder to meet a true crypto skeptic in D.C.,” Armstrong said, adding that about 50% or more people in Washington are pro-crypto now.

The chorus of skeptics’ voices has gotten louder, but Armstrong and Wood, whose Ark is one of the biggest Coinbase investors, have shown a united front. Wood is seeing promise in even decentralized finance, a lightly regulated corner

Cryptonaire Weekly | May 3rd 2022

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EU commissioner calls for global coordination on crypto regulation

Germany is the number one tax haven for crypto investors with 0% tax rates Cryptocurrency investors in Germany can benefit from 0% tax rates on their profits if they hold their coins for a year without cashing out. Germany has recently made news for being a crypto-friendly nation that encourages citizens to hold their cryptocurrency. The German Federal Central Tax Office regards cryptocurrencies as private money for tax reasons. This means that cryptocurrencies are neither regarded as legal tender, a form of foreign currency, nor a form of property.

Mairead McGuinness said the U.S. and the EU were both moving forward on comprehensive frameworks for crypto, with President Joe Biden's executive order and the MiCA proposal. Mairead McGuinness, the commissioner for financial services, financial stability and capital markets union at the European Commission, is calling for global regulators to work together to address potential risks in the crypto market. In a Sunday opinion piece in political media outlet The Hill, McGuinness said the European Union and the United States could help lead the world in a regulatory approach for cryptocurrencies that considers the benefits of the innovative technology while addressing “significant risks.” The EU commissioner pointed to the volatility of certain assets, the risk of insider trading, the possibility of crypto being used by Russia to evade sanctions and environmental concerns. “To make rules on crypto fully effective, crypto requires global coordination and joint international principles,” said McGuinness, adding:

The concept is straightforward: if you want to benefit from cryptocurrencies, you must keep them for a full 365 days. If you subsequently convert them back into fiat money, all gains you make are tax-free. Anyone who sells their cryptocurrency before the end of the holding term (formally known as a speculative period) must pay capital gains tax on the whole profit if it exceeds 600 euros. This scenario sparked an idea among some investors. Throughout the year, they merely utilized their cryptocurrency for staking or lending. As a result, the cryptos were able to create extra money passively during the specified time period. Because of a specific piece of law, there has been debate on whether the holding time should be raised to 10 years in some instances.

“A global agreement on crypto should first enshrine that no product remains unregulated. Second, supervisors should collect and exchange information globally. Third, any agreement must protect retail investors. Fourth, the crypto ecosystem should fully integrate environmental considerations.” Read more... Read more...

Cryptonaire Weekly | May 3rd 2022

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Cryptonaire Weekly | May 3rd 2022

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Crypto.com's Cronos Token Plunges 10% to Hit Six-Month Low

he price of Crypto.com's CRO dropped over 10% in 24 hours after the exchange announced changes to its rewards and staking programs.

VeChain (VET) Now Accepted As Payment in 2,000,000 Stores Worldwide Thanks to New Partnership

upply chain-focused VeChain (VET) is now accepted as payment at over two million stores across the globe after partnering with crypto payments protocol Alchemy Pay (ACH). According to an announcement, VeChain’s native token VET can now be used to purchase real-world goods and services via Alchemy Pay’s platform with instant transactions that cost less than a penny. “Thanks to partner Alchemy Pay, VET can now be used to buy goods at two million+ stores globally! Using our advanced low-carbon blockchain, transactions cost fractions of a cent and are processed in seconds from any VeChain wallet.”

Vechain CEO and founder Sunny Lu said in a March press release that VET’s alliance with Alchemy Pay aims to bolster its utility as a means of payment and the rate of its adoption.

"May gray" hit Crypto. com and its users today as the price of the exchange's native token, Cronos, dropped over 10% in 24 hours to hit a six-month low of $0.27. According to CoinMarketCap.com, the 22nd-largest cryptocurrency by market cap has lost over 31% of its value in just one week.

Today's decline comes one day after Crypto. com announced to its user base of over 10 million people in 40 countries that it would be "phasing out" staking rewards for its Crypto.com Visa cards and capping CRO rewards (similar to cash-back rewards) at lower rates of $25 or $50, depending on the card. In a blog post released yesterday on the Crypto.com website, cardholders were given the new breakdown of the staking and rewards programs. Crypto.com

“The integration of VET into Alchemy Pay’s crypto payment system is important in further expanding the realworld use cases for VET as a form of payment. By enabling mainstream payment standards like Visa, Mastercard and Paypal using Alchemy Pay, the mainstream adoption of VET will increase by making direct access possible, bypassing the complications of crypto exchanges that can be a barrier for many new users.”

Cryptonaire Weekly | May 3rd 2022

explained that cardholders who staked their CRO tokens before May 1 will continue to earn CRO Card rewards on spending at the current rate until their six-month staking period ends. Other card benefits— such as Spotify and Netflix subscription reimbursements—

remain in place. Since 2021, Crypto.com has made several highprofile investments, including $700 million to purchase the naming rights to the thenStaples Center in Los Angeles in November 2021, during which time the CRO token saw an all-time high of $0.96.

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Introduction Blockchain and crypto are growing faster than any other global phenomenon in history and gaming has so far emerged as the hottest part of crypto. The Covid-19-induced lockdowns across different parts of the world in 2020 and 2021 have further bolstered the global video game market. As people were confined to their own homes for weeks and months, they started exploring the world of video games. That helped in the growth of the video game market whose size, in value terms, zoomed to more than US $180 billion in the past couple of years. In fact, the global market for video games is now bigger than both the markets for movies and sports put together. There are around 2.5 billion gamers in the world at the moment and it is forecast that there will be over a billion eSports viewers by 2025. These gamers spent US $15 billion on in-game “loot” last year. Another reason behind the boom in the video games industry in recent years has been the innovation and emergence of a variety of ways to play games. Video games have evolved to resemble competition-based and interactive movies. The Covid-19 pandemic has propelled the video game industry to insane new levels. It is expected to grow rapidly and the crypto

Cryptonaire Weekly | May 3rd 2022

gaming token market cap is currently over US $23 billion, as per data available until January. The world’s most popular NFT game, Axie Infinity Shards ($AXS), alone hasd a market cap of US $5.1 billion at the time. ZiberBugs The NFT gaming industry is relatively new in the overall video games space. Hence, it is becoming more and more obvious that crypto games must have some elements of fun to remain sustainable in the long run and survive among the other genres of video games. ZiberBugs is one such game that has been developed with the ‘fun’ aspect and competitiveness at its core. It is a PvP focused, competitive autobattler created for gamers. ZiberBugs aspires to greatly increase the number of professional gamers in the world. The ZiberBugs game seeks the perfect balance between people wanting to play for entertainment and people wanting to contribute to the ecosystem and getting rewarded for it. It also strives to capitalize on the success that other NFT games have recently experienced, while, at the same time, improve on some of the design flaws that exist within them. As with many other games, there are both PvP and PvE elements in the ZiberBugs game. The PvP part is aimed towards the competitor personality, while the PvE elements focus more on the gatherer mentality and puzzler. Both are an essential part of

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the financial ecosystem.

from cheating and botting.

The P2E Model

Those mechanics include new unit-specific attributes and completing progression systems. Other P2E games have long suffered from the problem of multiaccounting, whereas in ZiberBugs it is physically impossible to do so – prevented by the invention of unit energy. Both accounts and units also come with levels, and a minimum level on both your account and on your bugs is required to participate in the Ranked Ladder, where you enable earning.

In play-to-earn games, players invest in in-game NFT assets to play, to improve the NFTs and to win more games. Winning games can earn you crypto tokens and these tokens can be sold for cash. The improved NFT can also be sold to other players. Among the current play-to-earn games, quite a few vulnerabilities have been observed. Among them are high barriers to entry, boring to play, unsustainable economic models, availability only on a single platform, few competitive initiatives, and even fewer that are suitable for tournaments, streaming and eSports. The ZiberBugs team has kept the above issues in mind while working on their own project. So, ZiberBugs has a low entry barrier, is economically sustainable and designed for competitive play and streaming, among others. Besides, it will be actually fun to play as it resembles and is inspired by Teamfight Tactics. It has a new memorable concept and is being developed in full cinematic 3D. The P2E model of ZiberBugs is aimed at significantly increasing the number of professional gamers in the world. It plans to further build on the proven success story of Axie Infinity, the current world leader in play-to-earn games. To that effect, ZiberBugs has introduced some required mechanics that are aimed at maintaining a healthy ecosystem, free

Cryptonaire Weekly | May 3rd 2022

Sustainability ZiberBugs plans to provide robust financial solutions for most of the problems that are faced by the most popular play-to-earn game titles that exist today, such as price fluctuations and different types of inflations. This need was observed when it was seen that other games are requiring growth to maintain a healthy ecosystem. With ZiberBugs, around 80% of all fees are returned to the ecosystem and there will be arbitrage trading between tokens with internal funds. The entire marketplace fees will be used to buy back earning tokens and burn them.

Future Plans As for the future roadmap for ZiberBugs, the planning stage started in 2021 and is ongoing at the moment. Therefore, many of the milestones have already been crossed. The development initiatives of ZiberBugs will begin once it manages to

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secure its seed round of investments and garner a responsible amount of relationships and followers. Opportunities to invest are still available for both corporations and individuals through their web page. ZiberBugs has split its initiatives into four development quarters, which are not to be confused with calendar quarters. It will start only when its seed round of investments is complete and plans to secure the initial high-risk investors in the seed round. Thereafter, they will also accelerate partner negotiations and aim to acquire additional valuable business relationships for collaboration of various kinds. ZiberBugs also plans to recruit valuable individuals as advisors for knowledge and expertise. Finally, it will also implement multiple initiatives to expand its follower base – the ZiberClub. In the first quarter of the development stage, it will start the basic development work and initiate private sale as well as equity sale, apart from the partner negotiations and IDOs. During the private sale, it plans to attract value investors such as influencers and other beneficiaries. The equity sale will see ZiberBugs seeking traditional venture capitalists and angel investors as well as venture funds from their connections. The partner negotiations will comprise decentralised finance (DeFi) platforms, launchpads, and other NFT games. The IDOs will be held on several launchpads. The second quarter of the development initiatives will have liquidity sale, which will build value to the ZIBER swap pool and establish the market price. There will be community contribution events during this period, where the community will be invited to a live stream, where they can be rewarded for contributing with new names, features and game inventions. Besides this, there will also be an Ancestor mint and a heavy development phase where progress will be regularly showcased on its social media channels. This will be followed by the gameplay trailer when the prototype will be complete. Finally, if there is demand for Ancestor NFTs during the second quarter itself, ZiberBugs will sell some of their first bugs on the Cardano marketplace.

real earning. There will also be early access for the first Alpha testers. Hives and breeding will also be launched during the period and many essential guild features will be available in Hives from the start. Finally, in the same quarter, one can expect the launch of the marketplace with a pre-sale consisting of the bugs bred by the Alpha testers. The fourth and the final quarter of the development initiatives will see an open beta launch where the game will be publicly playable and available. The PHERO swap pool will be deployed, which will enable the play-to-earn feature and player ranking will be introduced at the same time. In the live phase, the project scope and future will vary vastly based on the success of the development phase and the launch. The team aspires to deliver in-game tournaments, land and bases in an immersive 3D experience and adventure mode. In the future, there will also be additional games, with everything tied together in a big Ziberverse. The Ziberverse is meant to be a gigantic decentralised metaverse of its own, that will be governed by ZIBER. The token will act as a base for the financial infrastructure of all of it, and the Ziberverse fund allocation in their tokenomics will be used to fund the initiative.

Conclusion The fact that there are 2.5 billion gamers spread all over the world means that a third of the world population is into video games. What is even more encouraging is that 83% of those game purchases are in digital format. So, video games are slowly becoming part of everyone’s daily lives. The emergence of blockchain games or NFT games will further add to the exponential growth of the overall video game industry. Therefore, it is no surprise that funding for new projects in this field is easily available, as long as one shows a decent proof of concept of the project. While some NFT games have already made names for themselves, identifying their vulnerabilities can create new opportunities for new players to crash into the crowded market. ZiberBugs has deployed that strategy and improves on the pain points of NFT games before launching its own NFT game.

Next will come the third quarter, which will witness a closed Alpha test with a handpicked team and there will be gameplay testing with real NFTs and

Cryptonaire Weekly | May 3rd 2022

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Cryptonaire Weekly | May 3rd 2022

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Michael Saylor, Jack Dorsey Among Bitcoin Heavyweights Defending Mining in Letter to EPA Mark Cuban Suggests How Elon Musk Can Fight Twitter Spam Using Dogecoin

lon Musk is yet to officially take over Twitter but the billionaire’s bid to purchase the social media platform has been approved by the board. Ahead of Musk officially taking over, he has been publicly posting his plans for Twitter. One of those even before his bid was accepted was that he planned to eliminate all of the spam that plagues the platform. This time around, supporters have revealed a more detailed plan of how this can be achieved and it involves using Dogecoin to eliminate spam.

How Dogecoin Will Help Fight Twitter Spam A recent Twitter post from a graphics designer at the Dogecoin Foundation has attracted the attention of

Bitcoin mining sites are no different than data centers operated by mega-cap tech firms such as Amazon, Apple, Google, Meta and Microsoft, the authors wrote. A group of major bitcoin (BTC) investors – including Microstrategy’s (MSTR) Michael Saylor,

Block’s (SQ) Jack Dorsey, miners like Core Scientific (CORE) and Riot Blockstream (RIOT), asset managers like Fidelity and Galaxy Digital (GLXY), and venture capital players like Benchmark Capital – are among the authors of a letter sent on Monday to the U.S. Environmental Protection Agency

some of the biggest names in the industry. In the post, the designer put forward multiple suggestions that would help to increase the utility of the DOGE token on the social media platform. Now that Musk is going to be in charge of Twitter, there have been numerous suggestions of how this move might be used to aid in the advancement of Dogecoin. One of the suggestions from the designer included using the meme coin to tip users for tweets. This idea was further amplified by Dogecoin supporter, billionaire Mark Cuban, who suggested that this be taken one step further to help eliminate spam.

Cryptonaire Weekly | May 3rd 2022

(EPA) defending bitcoin mining and discussing the many misconceptions about environmental impacts. This letter comes in response to a previous letter sent to the EPA on April 20 by Rep. Jared Huffman (D-Calif.) and 22 members of the Congress, which raised “serious concerns” about how bitcoin mining is polluting communities and having an outsized contribution to greenhouse gas emissions. The congressional letter “is premised on

several misperceptions about bitcoin and digital asset mining, that have previously been debunked or conflate bitcoin mining with other industries,” said Saylor, et al. in the new letter to the EPA. “It is clear that education is required to ensure that public officials understand that the digital asset mining sector does not contribute to the environmental issues raised in the Letter."

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Introduction

Benefits of UHTG technology and Syngas

CleanCarbon is the first asset-backed communitydriven blockchain project that aims to sustainably clean our planet Earth. It combines the benefits of decentralised finance (DeFi) with the physical waste-to-energy installations.

The CleanCarbon system treats almost any type of waste, as long as it contains some organic products and the right amount of moisture. The UHTG technology is low cost but is a more efficient and sophisticated standard of waste treatment and energy recovery.

In fact, the CleanCarbon project was born to address the fundamental issues which governments as well as companies encounter when tackling pollution and restoring energy from waste products. The mission of the project is to stay in the market and grow in the next 5, 10 or 20 years or even more.

In comparison to other competing technologies such as Pyrolysis or Plasma, the UHTG technology is much more beneficial because it offers full carbon conversion as compared to partial carbon destruction with other technologies.

It will implement new ideas into old business models, spark innovation and speed up the transition towards a greener planet which we all aspire to live on. The CleanCarbon solution connects two worlds – the new model of DeFi financial incentives with physical installations of the next generation wasteto-energy systems.

There is no toxic residue, fire or smoke with UHTG technology while it offers highest energy recovery. The traditional or conventional technologies, on the other hand, leave toxic residue, smoke and offer limited energy recovery. Besides, the final product with conventional technologies are contaminated and the gas cleaning is expensive and inefficient.

It is the first initiative that uses DeFi as a driving vehicle to accomplish environmental goals faster and more effectively. CleanCarbon has already begun building a next-generation waste-to-energy installation, starting with a R&D facility and the pilot project in Canary Islands, Spain.

Overall, decentralised UHTG technology can provide green hydrogen in relatively large quantities for various industries at competitive prices. The energy consumption of the UHTG system can be covered after separation of the hydrogen from the energy content of the remaining gases.

The building blocks of the CleanCarbon project are the physical waste-to-energy ultra-high temperature gasification (UHTG) installation, a patented technology recently developed in Europe.

With the UHTG technology, the buffering of excess energy can be used to make the balancing power available when needed. The UHTG technology significantly reduces disposal costs and allows

Cryptonaire Weekly | May 3rd 2022

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running long-term operations.

and the syngas production is 800-1300 kg per day.

CleanCarbon has already partnered with local and international companies to fully utilize their syngas and other by-products from the UHTG process.

The CleanCarbon team feels that having a smaller T6 unit is essential because it will allow the company to determine how to treat various waste products, as they all require different moisture content and slight changes in the UHTG setup.

Syngas contains about half the energy value of natural gas and consists mainly of hydrogen, carbon monoxide, methane and a minimum amount of carbon dioxide. It is a valuable, pure and ready-touse product with a high hydrogen content that can be used in many ways. The primary use of syngas will include hydrogen production and distribution, power generation from the excess heat, lactic acid drying, sale of the process by-products and more. CleanCarbon will produce clean syngas containing between 40-75% hydrogen, depending on the type of waste available at any given time. The hydrogen will be easily separated from the synthesis gas and almost 100% used by the company as a product and in various downstream processes. The CleanCarbon project will use two sizes of waste-to-energy units in its installations. One is the T25 which will be used for its main processes and the other one is T6 which will be used for research and development. The throughput of T6 is approximately 6 tonnes per day and the daily syngas production is 192-312 kg while the throughput of T25 is 25 tonnes per day

Cryptonaire Weekly | May 3rd 2022

Pilot Project The pilot project of CleanCarbon will be installed in Fuerteventura, one of the Canary Islands in Spain. Both the founders of the CleanCarbon project as well as some of the team members have been living in Fuerteventura for many years. That helped them notice the problem and come up with a modern and effective solution. Fuerteventura is one of the best-known Spanish islands, famous for its all-year-round sunny weather and very strong winds. These weather conditions are ideal to power the project installation in a very cost-effective way, using solar panels and wind turbines. Besides, Fuerteventura is a part of the European Union (EU) and, as a result, benefits from Europe’s push towards using more renewable energies. The CleanCarbon project is also getting ample support from the local government and is working with local partners who are well-connected with multiple branches of Fuerteventura’s government.

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The main operational unit will be constructed closer to the Zurita landfill to ensure low operating costs. The project team plans to power the entire project with 100% renewable energy, solar installation, wind turbines and UHTG excess heat. Everything will be constructed right next to the waste-to-energy installation. However, a backup plan to power everything by the power grid is also being considered and may be used only as a temporary solution. The final decision on the exact source of energy to be used for operation, will hinge on the final budget of the project team.

Apart from the above potential sources of revenue, CleanCarbon also plans to carve out an additional line of business and source of revenue, which will take advantage of the island’s huge tourist inflows and its own output of hydrogen. Fuerteventura is one of the best-known holiday destinations in Europe with over a million tourists visiting the island every year. The latter figure is over five times the number of its local population. Having large quantities of hydrogen on demand, CleanCarbon is in talks with car makers such as Toyota to import a fleet of hydrogen cars and start a premium car rental company and provide the necessary fuel for the rented vehicles.

Revenue Model The revenue model of the CleanCarbon project will comprise multiple revenue streams, including production and use of hydrogen, waste disposal, black carbon production, lactic acid and hydrogen car rental, among others. The production and use of hydrogen will be one of the largest revenue streams. The project will produce hydrogen-rich syngas, which will be sold via pipelines to nearby gas stations to power hydrogen cars and other future utilities. The second-largest revenue stream will be waste disposal. The local government and many local companies will be paying CleanCarbon to utilize most of their unwanted waste products. The T25 unit will most likely be placed in the Zurita landfill itself or as close to it as possible, in order to significantly reduce the project’s operating costs. UHTG installations also produce black carbon as a by-product of their operations. It is a pure molecular carbon widely used in the photovoltaic industries as a layer of coating for solar panel cells. CleanCarbon will be selling and shipping those black carbon to generate an additional source of revenue. Incidentally, the island of Fuerteventura is famous for the local production of goat cheese, which is also the second largest revenue earner for the local economy of the island, after tourism. However, during the manufacturing process, large quantities of lactic acid are being produced, which is toxic to the environment. The scale of the issue is so big or serious that the local government recently imposed fines on some of the largest goat cheese producers for disposing lactic acid into the ground. CleanCarbon plans to collect the lactic acid and use it as a moisturizing agent, necessary for the UHTG process and also charge a disposal fee from the farmers.

Cryptonaire Weekly | May 3rd 2022

Future expansion plans CleanCarbon expects the pilot project to be operational in less than a year. Once that is done and the business model is tested, the company will begin its expansion plans, which should be quicker to build due to its growing experience and specific domain knowledge in the field of UHTG systems. The first chosen locations will be the other two large Canary Islands – Gran Canaria and Tenerife. It has already held meetings with key partners and local officials in Gran Canaria and one of its business partners is helping the company access key officials in Tenerife. Once the installations in the three largest Canary Islands are completed, the company will look for real global expansion. The business model of CleanCarbon involves global partnerships and commission-based franchise models to accelerate its global growth. Finally, all future CleanCarbon expansions will always benefit token holders.

Conclusion The CleanCarbon business model is an example of how modern technologies such as blockchain and DeFi can be used to solve some of the world’s most pressing problems and, that too, in a profitable and sustainable way. The patented UHTG processes is emission-free in processing waste, has low noise and offers maximum flexibility in the input and output applications. As of now, it is quite rare to come across a project the explores the wider utilities of blockchain technologies while cleaning our planet but we hope this is the beginning of many such projects in future.

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Cryptonaire Weekly | May 3rd 2022

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More than $1.6 billion exploited from DeFi so far in 2022

Crypto Industry Lobbies Against Bills Targeting Russian Oligarchs Evading Sanctions Using Cryptocurrency

he crypto industry is lobbying U.S. lawmakers against two bills aimed at preventing Russian oligarchs from using cryptocurrency to avoid sanctions. The U.S. and many other countries placed sanctions on them after Russia began its invasion of Ukraine. Bills Preventing Wealthy Russians From Using Crypto to Avoid Sanctions The Blockchain Association has been lobbying U.S. lawmakers against two bills designed to prevent Russian oligarchs from using cryptocurrency to evade sanctions imposed on them after Russia began its invasion of Ukraine, CNBC reported last week. The first is a House bill titled “Russian

Digital Asset Sanctions Compliance Act of 2022.” The other is a Senate bill sponsored by crypto skeptic Senator Elizabeth Warren (D-Mass) titled “Digital Asset Sanctions Compliance Enhancement Act of 2022." The bills give the Biden administration the authority to prohibit U.S. crypto exchanges from processing payments from Russia. They would also allow U.S. authorities to sanction foreign exchanges process transactions by sanctioned Russian people or companies.

he amount exploited this year so far surpasses the total amount stolen in all of 2020 and 2021 combined, with the month of March alone beating 2020 by over $200 million.

for attacks with CertiK recording 31 major incidents, an average of nearly one a day. The most valuable was the $182 million siphoned from Beanstalk Farms using a flash loan attack.

The decentralized finance (DeFi) space has been rife with hacks, exploits, and scams so far this year with over $1.6 billion in crypto stolen from users, surpassing the total amount stolen in 2020 and 2021 combined.

CertiK noted the nearly $80 million lost by Fei Protocol, the second most valuable heist last month, and the $10 million lost from automated market maker protocol Saddle Finance which both took place at the end of the month.

Analysis from blockchain security firm CertiK revealed the statistics on May 2 showing the month of March having the most value stolen at $719.2 million, over $200 million more than what was stolen in all of 2020. The March figure is largely due to the Ronin Bridge exploit where attackers made off with over $600 million worth of crypto.

Both protocols took to Twitter to offer their respective attackers a bounty in exchange for returning the stolen funds. Whilst the chances of that happening may be slim, it’s not unheard of as the Poly Network hacker in 2021 returned nearly all of the $610 million stolen from the network along with refusing a $500,000 bounty reward.

April was a busy month

The organization represents more than 70 crypto platforms, including AAVE, Anchorage Digital...

Argentina's Largest Private Bank to Offer Bitcoin, Ethereum Trading

anco Galicia clients also will be able to transact in USD Coin and XRP. Argentina's largest private bank, Buenos Aires-based Banco Galicia, is making available to customers four different cryptocurrencies—Bitcoin, Ethereum, USD Coin, and XRP. Screenshots of the buying options were posted on Twitter

earlier today by bank customers, and Banco Galicia later confirmed to Decrypt in an emailed statement that it had added those services. "Banco Galicia launches a new and innovative service for its customers customers, offering the purchase, sale and custody of cryptocurrencies in a simple, secure and one-stop place," the bank said.

Banco Galicia's Twitter account also responded to clients, confirming the new service: "Yes, we are adding new investment options." Bitcoin is the largest cryptocurrency by market cap and the most famous. Ethereum is the second biggest. USD Coin is a stablecoin, which means it's generally

for the popular cryptocurrency.

Goldman Sachs recently offered its first Bitcoin (BTC)backed loan The large investment bank announced the opening of its first-ever loan facility

backed by Bitcoin. This comes a few months after their $100k price forecast

Cryptonaire Weekly | May 3rd 2022

Goldman Sachs has announced the availability of its first-ever lending facility backed by Bitcoin (BTC), Bloomberg reported. This marks a big step forward for the major U.S. bank and accelerating Wall Street’s acceptance of cryptocurrencies. According to a bank representative, the secured loan facility provided cash collateralized by the borrower’s Bitcoin. Goldman was drawn to the

less volatile than both Bitcoin and Ethereum, which sometimes swing wildly in price. The asset is backed by real U.S. dollars. XRP, the sixth largest digital asset by market cap, is a cryptocurrency used to help banks move money around quickly. Read more...

purchase because of its framework and 24-hour risk management, she said in an email. With the rise of cryptocurrencies, Goldman Sachs has grown to be more open to the asset class. In March, the investment bank’s website included articles on bitcoin, the metaverse, and digitalization. According to the investment bank, the metaverse has about $8 trillion worth of untapped potential. Read more...

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Binance coin: Here’s what an increase in whale activity means for BNB investors

re you a crypto Degen? Do you tell friends and family that you are bullish on altcoins such as the Binance Coin (BNB)? Well, you should know that in the past few days, BNB has recorded its largest grouping of whale transactions since early March. As a Degen, you should also be aware that this is indicative of a price direction change. In case you missed it, kindly read ahead on how the coin performed in the last month. Price, Transaction Volume, and Market Cap Starting April at a price index of $450, in 30 days BNB declined by 13%. At the time of this press, this coin stood at $391.95, recording a 1.89% spike in the past 24 hours. On a 50 EMA, the coin

started the month on a bullish run. Maintaining a position below the price, increased accumulation was ongoing until mid-April when a reversal occurred. At the time of this press, the 50 EMA line stood above the price indicative of ongoing distribution. The position of the RSI during the same period also lends credence to this position. Starting the month at the 60 region, the RSI since went on a downward trend toward the 50 neutral region and below. At the time of this writing, this stood at 44.66. Similarly, within the onemonth period, the coin Trading Volume for the coin declined by 45%. Recording a high of 2.71 billion in trading volumes at the beginning of April, this stood at 1.4 billion at the time of this press.

Tangible Launches the Mainnet of its NFT Marketplace backed by Realworld Assets

angible, a unique NFT marketplace, launches on May 2, 2022. It converts realworld physical assets like fractionalized/ tokenized real estate, gold, investment-grade wine, luxury watches and more into NFTs. Things get even more exciting here, as each NFT can be redeemed against a physical item. Yes, you read that right!

will be sent to one of the several storage facilities of Tangible that are secure and insured. These facilities are located in London, Singapore, and Zurich. Besides minting NFTs on this platform, Tangible also offers TNFT holders the option of selffractionalization.

Opting for selffractionalization has its benefits. For instance, The way Tangible self-fractionalization works is users can enables TNFT buyers purchase valuable to recapitalize their physical goods using investments & recoup cryptocurrency and mint some of their costs. a TNFT representing It also offers an that item. This liquid opportunity for TNFT on-chain asset will live holders to sell their in your digital wallet, fractional TNFTs at and the TNFT users can higher total price, either redeem it for the creating profit against physical item, transfer their investment. it to another wallet, or sell it on Tangible’s Read more... marketplace. While the user will get the TNFT, the physical asset backing the TNFT

Cryptonaire Weekly | May 3rd 2022

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Bored Ape Creators Slammed for 'Nightmare' Ethereum NFT Land Drop, 'Tone Deaf' Response

Y Solana Goes Dark for 7 Hours as Bots Swarm ‘Candy Machine’ NFT Minting Tool

t wasn’t immediately clear how the bot traffic overcame network safeguards. Solana stakeholders rushed to right the network Saturday night after what one insider called “insane amount of data” flooded the proof-of-stake chain, knocking validators out of consensus and grinding block production to a halt. Bots had swarmed the popular non-fungible token (NFT) minting tool known as Candy Machine earlier Saturday with an unprecedented tsunami of inbound traffic: four million transaction requests and 100 gigabits of data every second – a record for the network, one person at the Solana Foundation said. For reasons not yet clear, this swarm pushed validators out

uga Labs made a heap of ETH this weekend and secondary sales are flying, but not everyone is happy about the Otherside mint. In brief Bored Ape Yacht Club creator Yuga Labs launched NFT land deeds on Saturday for Otherside, a metaverse game.

of consensus. Block production became impossible and the network went dark at 4:32 p.m. ET. By 11 p.m. ET, validators (coordinating through Solana’s Discord channels and a Google doc created by one of the validators) restarted the cluster at slot 131973970. Co-founder Anatoly Yakovenko, who said he was traveling during much of the fracas, credited the validator community for spearheading mainnet recovery. He'd caught flak on Twitter Saturday for allegedly being "MIA" during a network crisis. Unlike last September’s 17-hour outage, Saturday’s hard fork restart did not resolve with new-and-improved code populating across the validators.

Cryptonaire Weekly | May 3rd 2022

far yielded over $900 million to date in total sales volume. But it wasn’t all smooth sailing. Yuga Labs offered up 55,000 Ethereum NFT “Otherdeeds” that represent digital terrain in the game, and the frenzied attempt by approved buyers to snap up the valu-

The record-breaking sale has drawn ample criticism for the sale format, smart contract code, and Yuga’s response after soaring Ethereum gas fees. Saturday’s launch of NFT virtual land deeds for Yuga Labs’ Otherside—an upcoming metaverse game based on the Bored Ape Yacht Club—was the largest NFT drop to date, and it has thus

able NFTs drove up the Ethereum network’s gas fees to startling levels. Some users spent thousands of dollars on fees to push through their transactions during the "minting" process, which refers to how new NFTs are created and sold.

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Cryptonaire Weekly | May 3rd 2022

+44 (0) 207 558 8486