Despite the four-month bearish price action, institutions continue to pile drive bitcoin, which might have scared away retail leverage traders. This is because institutions are focusing on longer-term horizons and see the potential for big profits in BTC’s growth over time. The recent large outflow of coins from the U.S.-based crypto exchange Coinbase is evident, according to blockchain analytics firm Glassnode. Related Reading | 82% Of Bitcoin Short-Term Holder Supply Now In Loss, Capitulation Ahead? The recent highly volatile markets have sent bitcoin prices tumbling, with a total of 31,130 bitcoin leaving Coinbase last week. This is the highest single-week outflow since 2017, data tracked by Glassnode. In a weekly newsletter published Monday, Glassnode said;  Large outflows like this one are actually part of a consistent trend in the Coinbase balance, which has been stair-stepping downwards over the last two years. As the largest exchange by BTC balance, and a preferred venue for U.S.-based institutions, this further supports the adoption of bitcoin as a macro asset by larger institutions. The crypto markets have experienced drought over the past week. The Nasdaq-listed exchange’s holding in bitcoin has dropped a four-year low of 649,500 BTC for just the second time since 2018. In addition, the amount of bitcoins held by all centralized exchanges has decreased to 2,519,403 BTC, the lowest number since November 2018. Withdrawal Bitcoins Moved To Inactive Wallets The Coinbase withdrawal may be driving up the price of Bitcoin. The declining exchange balance means fewer coins are available for liquidations on exchanges, which could lead to an increase in demand and push prices higher still – especially since those withdrawals have moved into largely inactive wallets. Additionally, Glassnode said; If we look at the Illiquid Supply Shock Ratio (ISSR), we can see a significant uptick this week. Suggesting that these withdrawn coins have been moved into a wallet with little-to-no history of spending. The ISSR is on an upwards trend, suggesting that these withdrawn coins transferred into a wallet with little-to-no history of spending. Related Reading | Bitcoin Detractor Peter Schiff Lays On What Will Trigger Bitcoin Recovery The current amount of supply held in Illiquid wallets is 3.2x larger than Liquid and Highly-Liquid combined. Meaning that many coins are still trapped there despite the recent bear market conditions. A similar metric to what we saw during the 2018 – 2020’s bear market. Major cryptocurrencies registered mostly small losses on Monday. As the European Parliament’s Committee on Economic and Monetary Affairs voted down a bill. That bill could have outlawed proof-of-work in EU territory. The markets were volatile yesterday as investors waited to hear what the Federal Reserve would do with today’s policy meeting. The NASDAQ100 fell 2%, while SPX500 Index dropped 0.75%. DJ30 closed flat following these declines in stock prices.  The crypto market experienced a mild correction, with Ethereum, BNB, Solana, and XRP losing 2%. Bitcoin also fell slightly 1.6% in value and trading under $40,000 at the time of writing. Featured image from Flickr, chart from Tradingview.com  

March 16, 2022       /       Unchained Daily       /       Laura Shin Join My Private Discord By Purchasing an NFT! I recently launched a private[...]

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By Prakash Hariramani, Senior Director, Product Management, and Bipul Sinha, Senior Product ManagerToday, we are introducing Coinbase Pay, the easiest way for Coinbase users...

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The new season of the DPC North America tour 2 promises exciting Dota 2 action. The strong eight-team pool will play each other once in a best-of-three format. The top two sides will qualify for ESL One Stockholm 2022. The top six will remain in the current division for the next tour, while the bottom […]

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BTC maintains an uptrend position. Cryptocurrencies threaten government authorities. Bitcoin may reach $67k soon. The crypto world continues to grow ...

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ZURICH, SWITZERLAND, Mar 16, 2022 - (JCN Newswire) - Hitachi Energy has won an order from Berliner Verkehrsbetriebe (BVG), Germany's biggest municipal public transportation company, to supply its Grid-eMotion Fleet smart charging infrastructure to help BVG transition to sustainable mobility in Berlin, the country's capital.

Hitachi Energy will provide a complete Grid-eMotion Fleet grid-to-plug charging infrastructure solution for the next two bus depots to be converted in the bus electrification program. Hitachi Energy's solution offers the smallest footprint for both the connection, as well as low noise emissions and high reliability - three key requirements for bus depots in a densely populated urban environment, where space is limited and flawless charging is vital to ensure buses run on time.

The solution comprises a connection to the distribution grid, power distribution and DC charging infrastructure with charging points and smart charging systems. Hitachi Energy will perform the engineering and integrate, install and service the entire solution. The solution has a compact and robust design that requires less equipment than competing infrastructure, which results in a small footprint, lower operating and maintenance costs, and higher reliability. Typically, Grid-eMotion Fleet requires 60 percent less space and 40 percent less cabling than alternative charging systems; it also provides superior overall system reliability.

"We are delighted to help the City of Berlin in its transition to quiet and emission-free transportation and a sustainable energy future for the people of this iconic capital," said Niklas Persson, Managing Director of Hitachi Energy's Grid Integration business. "We feel the urgency and have the pioneering technology and commitment to advance sustainable mobility, thus improving the quality of life of millions of people."

BVG operates Germany's biggest city bus fleet of around 1,500 vehicles, which it aims to make completely electric and emission-free by 2030. This requires the installation of charging infrastructure in its large network of bus depots.

About Grid-eMotion

Grid-eMotion comprises two unique, innovative solutions - Fleet and Flash. Grid-eMotion Fleet is a grid-code compliant and space-saving grid-to-plug charging solution that can be installed in new and existing bus depots. The charging solution can be scaled flexibly as the fleet gets bigger and greener. It includes a robust and compact grid connection and charging points, and is also available for commercial vehicle fleets, including last-mile delivery and heavy-duty trucks that require high power charging of several megawatts. Grid-eMotion Flash enables operators to flash-charge buses within seconds at passenger stops and fully recharge within minutes at the route terminus, without interrupting the bus schedule.

Both solutions are equipped with configurable smart charging digital platforms that can be embedded with larger fleet and energy management systems. Additional offerings from Hitachi Energy for EV charging systems consist of e-mesh energy management and optimization solutions and Lumada APM, EAM and FSM solutions, to help transportation operators make informed decisions that maximize their uptime and improve efficiency.

In the past few months alone, Hitachi Energy has won orders from customers and partners all over the world for its smart charging portfolio - a sign that Grid-eMotion is changing the e-mobility landscape for electric buses and commercial vehicles. Grid-eMotion solutions are already operating or under development in Australia, Canada, China, India, the Middle East, the United States and several countries in Europe.

About Hitachi Energy Ltd.

Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all. We serve customers in the utility, industry and infrastructure sectors with innovative solutions and services across the value chain. Together with customers and partners, we pioneer technologies and enable the digital transformation required to accelerate the energy transition towards a carbon-neutral future. We are advancing the world's energy system to become more sustainable, flexible and secure whilst balancing social, environmental and economic value. Hitachi Energy has a proven track record and unparalleled installed base in more than 140 countries. Headquartered in Switzerland, we employ around 38,000 people in 90 countries and generate business volumes of approximately $10 billion USD.
https://www.hitachienergy.com

About Hitachi, Ltd.

Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, contributes to a sustainable society with a higher quality of life by driving innovation through data and technology as the Social Innovation Business. Hitachi is focused on strengthening its contribution to the Environment, the Resilience of business and social infrastructure as well as comprehensive programs to enhance Security & Safety. Hitachi resolves the issues faced by customers and society across six domains: IT, Energy, Mobility, Industry, Smart Life and Automotive Systems through its proprietary Lumada solutions. The company's consolidated revenues for fiscal year 2020 (ended March 31, 2021) totaled 8,729.1 billion yen ($78.6 billion), with 871 consolidated subsidiaries and approximately 350,000 employees worldwide. For more information on Hitachi, please visit the company's website at https://www.hitachi.com.


Copyright 2022 JCN Newswire. All rights reserved. www.jcnnewswire.comHitachi Energy has won an order from Berliner Verkehrsbetriebe (BVG), Germany's biggest municipal public transportation company, to supply its Grid-eMotion Fleet smart charging infrastructure to help BVG transition to sustainable mobility in Berlin, the country's capital.

Collaborate with your teammates beachside in two new sunny environments. This past August, Meta (formerly Facebook) introduced Horizon Workrooms, a VR coworking platform designed specifically for the Meta Quest and Meta Quest 2. The mixed reality office space features a variety of useful tools perfect for professionals looking to brainstorm and collaborate in VR. As […]

The post VR Coworking App Horizon Workrooms Lets You Work On The Beach appeared first on VRScout.

TOMB Finance - The first algorithmic stablecoin in the Fantom ecosystem, pegged to the price of 1 FTM Token via seigniorage.

Some of the strengths of the Tomb project that almost everyone is probably already aware of, such as: The TOMB token used in the rapidly growing Fantom ecosystem - so the users , the community, the audiences, the developer.... are very strong especially for an extremely large user base. In fact, the  pieces in Fantom's DeFi are also quite complete, the pieces have the effect of creating value and influencing each other and always bringing sustainable value to each other. The actual result can be seen that TOMB Token price spiked to over $2 as Fantom kept hitting ATH levels (nearly x10), while TSHARE price surged to a staggering $4,985.80 and shows no sign of stopping.

Following the successes of Tomb Finance, SHARKFI FINANCE was born as a more complete version, giving you more investment opportunities in the future. The project hopes to bring a more quality user community with the improvements and further developments of SHARKFI FINANCE. 

Similar to Tomb, SHARKFI FINANCE will be built and developed in the Fantom ecosystem, pegged to the price of 1 FTM Token through the seigniorage* mechanism.

* Seigniorage Model: Algorithmic Stablecoins using the Seigniorage Model have more than 1 token, usually 2 or 3 tokens. The first token is pegged at a specific price (usually $1), the remaining tokens will have different strategies to increase or decrease the supply as the price of the first token increases or down from the fixed price (usually $1).

The stablecoin algorithm can be understood as a stablecoin with a simple elastic supply and demand mechanism that equalizes the price at a specific level (usually $1), but in this case the SAFI Token is pegged to 1 FTM coin. The supply adjustment mechanism of SAFI Token will increase or decrease its price in accordance with the price of FTM Token.

SHARKFI FINANCE also runs on Fantom with 3 tokens: SAFI - FSHARE - FBOND but the fee is much lower than other projects.

$SAFI : the algorithmic token of SHARKFI FINANCE pegged to FTM through seigniorage. 

* Use as the medium of exchange and an alternative to FTM.

$FSHARE : Token that measures the value of the  SHARKFI Protocol

* Stake to receive $SAFI in Masonry.

* Participate in governance.

$FBOND : Token that helps incentivize changes in SHARKFI supply

* Earn from arbitrary opportunities.

* Maintain the price of $SAFI

You can earn a lot with just a tip :

 If $SAFI is UNDER the peg 

1 Buy $SAFI and exchange it for FBOND. If you are LP'ing, you can break the LP to exchange $SAFI for $FBOND, and use the remaining $FTM to buy $SAFI to also exchange for $FBOND. Now you have a big fat bag of $FBOND, and you've also helped bring $SAFI back above peg so that the Masonry can resume printing.

2️ Sell $FBOND for a redemption bonus once $SAFI is back to normal or above the peg (above 1.1 TWAP).

We appreciate early birds of the SHARKFI FINANCE . It also means that those who come first will have a better chance of making much more profit as we can buy SAFI at a lower price than ever before.

Here, we provide some background information about :

KEY Metrics SAFI
• Token name : SAFI
• Ticker : SAFI
• Blockchain : Fantom
• Token type : Utility

KEY Metrics FSHARE
• Token name : FSHARE
• Ticker : FSHARE
• Blockchain : Fantom
• Token type : Utility, Governance

KEY Metrics FBOND
• Token name : FBOND
• Ticker : FBOND

SHARKFI Finance grows in tandem with Fantom's development. Especially TVL of SHARKFI FINANCE will have a strong leap. Users will receive huge profits up to hundreds day by day. The objective of the project is pretty obvious: To support the Fantom token - FTM. It is evident that the SHARFI FINANCE  token really helps the FTM token in general and the Fantom ecosystem in particular. More use cases and applications from the project can be expected to come online really soon, which can have a beneficial impact on Fantom.

Launching Date  : 14 March 2022

Website        : https://sharkfi.finance

Telegram Channel: https://t.me/SharkFi_Official_Channel

Telegram Group: https://t.me/SharkFi_Official_Group

Twitter: https://twitter.com/SharkFi_Finance

Email - Contact at sharkfi.finance

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