IOTA Gets Major Upgrade: Mint L1 Tokens, Create NFTs, and More!

• Firefly Shimmer (v2.1.0) brings brand new features such as an NFT Gallery and governance support, enabling users to mint L1 tokens, vote on the proposal based on their token holdings, create native NFTs, create Alias Outputs, and use deep links
• The new wallet features also provide basic media support for the NFTs
• The Shimmer Network offers support for NFTs, native tokens, as well as smart contracts

IOTA Gets Major Upgrade with Firefly Shimmer

The Firefly Shimmer (v2.1.0), a native cryptocurrency wallet of the IOTA cryptocurrency has recently arrived with new functionality which could be path-breaking for the entire IOTA ecosystem.

What Features Does It Offer?

The Firefly Shimmer (v2.1.0) brings brand new features such as an NFT Gallery and governance support, enabling users to mint L1 tokens, vote on the proposal based on their token holdings, create native NFTs, create Alias Outputs and use deep links.

The new wallet features also provide basic media support for the NFTs.

Shimmer Network And SMR Token

Moreover, the Shimmer Network is a Layer-1 staging network for the IOTA blockchain specifically designed to boost innovation in the IOTA ecosystem. It serves as a test layer for developers to build new decentralized applications (dApps) before introducing them to the IOTA mainnet.

Additionally, it offers support for NFTs, native tokens and smart contracts while its own cryptocurrency is $SMR.

Impact On IOTA Ecosystem



LBank Secures Regulatory Approval to Operate in Italy

LBank Secures Virtual Asset Provider Registration in Italy

  • Global crypto exchange LBank has registered as a Virtual Asset Provider with Italian regulator Organismo degli Agenti e dei Mediatori (OAM).
  • The registration allows the exchange to provide services and products to Italian users, open offices in Italy, and expand its team.
  • LBank joins a growing line-up of crypto exchanges who recently gained regulatory approval in Italy.

Regulation Requirements for Crypto Exchanges

In order to operate legally within the Italian market, all crypto exchanges must register as a Virtual Asset Provider with the OAM. This process requires the exchange to abide by certain industry standards such as anti-money laundering rules and full transparency. After officially registering on 18 May 2022, world’s largest crypto exchange Binance secured a spot just 9 days later. Other major players like Coinbase, Crypto.com, Bitstamp and BitMEX have also signed on since then.

Eric He’s Statement about Regulatory Approval

Eric He, co-founder and chairman of LBank expressed his gratitude for the efforts of the Ministry of Economy and Finance and the OAM in defining and enforcing industry standards in Italy. Moreover, he stated that this registration serves as an important milestone for their journey to gain regulatory approval from jurisdictions around the globe.

LBank’s Significance within Crypto Industry

With over 9 million users worldwide, LBank is one of the leading global blockchain asset trading platforms. It provides secure trading services across more than 90 countries around the world with features such as API trading interface support, margin trading capabilities and much more. The recent registration will now allow them to expand their reach even further into Europe with entry into Italy’s market.

Conclusion

LBank’s successful registration marks another significant achievement for cryptocurrency regulation in Italy following Binance’s success earlier this year. With this new development , LBank will be able to offer its high quality services to more customers around the globe while helping drive mainstream adoption of digital assets through transparent operations .

ETHTLV: Israel’s Web3 Powerhouses Unite to Launch Inaugural Event

• Chainwire launched the inaugural ETHTLV to invigorate Israel’s startup community and establish a foothold in the global web3 scene.
• Attendees of the week-long series will learn from industry leaders such as ConsenSys, Fireblocks, StarkWare and Collider.
• Events will include keynotes, workshops, panel discussions and community side-events like StarkwareSessions, Building Blocks by Collider and a MetaMask developer workshop.

Chainwire Launches Inaugural ETHTLV

Chainwire has announced the launch of its first annual ETHTLV event, which will run from February 1 to 9 in Tel Aviv. The event aims to invigorate Israel’s startup community and discuss steps web3 must take to onboard the next billion users.

Who Will Attend?

The week-long series will be attended by some of the most successful web3 businesses including ConsenSys, Fireblocks, StarkWare and Collider. Serial entrepreneurs who have forged businesses in this space will also be present to share their knowledge and experience with attendees.

Events During ETHTLV

ETHTLV features an action-packed schedule of events that includes keynotes, workshops, panel discussions complemented by more than a dozen community-led side events. From February 5 to 6, StarkwareSessions will be focused around the L2 scalability network while on February 7 Building Blocks by Collider, Fireblocks and MarketAcross will share expertise from entrepreneurs who have successfully built products in web3. Finally MetaMask is hosting a hands-on developer workshop on February 8th.

Reaction From Industry Leaders

Dror Avieli VP of Customer Success at ConsenSys said: “We are excited to be part of the EthTLV week. Tel Aviv has a vibrant and innovative tech environment,“ He added: „We are looking forward to meeting some of the most creative developers and progressive technologists who can help us build the next generation of Web3 dapps and solutions.“ Idan Ofrat from Fireblocks said: “Without a doubt, Israel has some of the greatest tech talents in the world.“

Conclusion

This inaugural event promises to bring together experts from across different fields within Web3 technology for an exciting week full learning opportunities as well as networking with leading industry players

Dynamic NFTs Revolutionize the Market: Chainlink Introduces dNFTs

• Chainlink introduces dynamic NFTs (dNFTs) that will revolutionize the market.
• dNFTs are encoded smart contract logic that automate the change in the NFT based on specified conditions.
• Potential use cases include tokenization of blockchain-built fantasy leagues, generative NFT art projects, and the tokenization of real-world assets.

Recently, Chainlink announced its plans to launch dynamic NFTs (dNFTs), which will revolutionize the NFT market. Unlike static NFTs, which are “minted once and then never changed”, dNFTs are encoded smart contract logic that automates the change in the NFT based on specified conditions. This opens up a range of new possibilities for the NFT market, such as the tokenization of blockchain-built fantasy leagues, generative NFT art projects, and the tokenization of real-world assets.

dNFTs are especially useful for NFT use cases that require data to be updated regularly. With dNFTs, users can now digitize real-world items such as patents and real estate deeds, as well as create tokenized versions of fantasy leagues and generative NFT art projects. The potential for dNFTs is virtually limitless, and their introduction is sure to revolutionize the way we think about NFTs.

Chainlink provides the necessary tools that aid the development of dNFTs, and the network’s ecosystem keeps growing rapidly with the addition of eight integrations of three Chainlink services from four chains in the last seven days. This is a testament to the power of dNFTs, and their potential to revolutionize the NFT market. With the launch of dNFTs, we can expect to see more use cases being developed and more people getting involved in the NFT space.

US Regulators Recognize Stellar Lumens, Invite SDF to Join Global Market Advisory Committee

• Stellar Lumens (SDF) has been invited to join the Commodity Futures Trading Commission (CFTC) Global Market Advisory Committee as the only blockchain representative.
• This marks an important step for the crypto and blockchain industry in the US, as it shows that the US regulators recognize the relevance of these technologies to the nation’s financial markets.
• This move also fosters deep collaborations between the traditional finance space and the crypto industry, enabling them to build on existing financial infrastructures.

The Commodity Futures Trading Commission (CFTC) recently announced that Stellar Lumens (SDF), a blockchain-based distributed ledger network, will be joining its Global Market Advisory Committee. This is a major step forward for the crypto and blockchain industry in the United States, as it shows that the US regulators recognize the relevance of these technologies to the nation’s financial markets.

The CFTC relaunched its Global Market Advisory Committee to use its experience to discuss the best ways to regulate the digital asset market. This committee consists of members from the traditional finance space as well as crypto market players. The inclusion of crypto market players in the committee is an important step forward, as it fosters deep collaborations between the two industry giants, enabling them to build on existing financial infrastructures.

The announcement was made by the official Twitter account of the Stellar Development Foundation (SDF), which expressed its delight at being part of the CFTC’s Global Market Advisory Committee. This will allow the foundation to lend a crypto-native perspective to the committee, as it seeks advice on the challenges and opportunities of a global marketplace.

The SDF and other members of the committee will work together to develop a regulatory framework for the digital asset market that is fair and effective. This will ensure that the US financial markets remain competitive in the global marketplace. Additionally, it will also ensure that investors are protected from any fraudulent activities or scams.

Overall, the inclusion of Stellar Lumens in the CFTC’s Global Market Advisory Committee is a positive step forward for the crypto industry in the United States. It shows that the US regulators recognize the importance of these technologies and are willing to work with them. This will help foster a healthy and vibrant digital asset market in the US, which will benefit both investors and the industry at large.

Revolutionize Play-To-Earn Gaming Ecosystem with MEMAG’s $MEMAG Presale!

• Meta Masters Guild (MEMAG) is a new mobile gaming guild that is launching a presale of their native token, $MEMAG, at $0.007.
• The presale offers investors 35% of the total token supply, with only 10% of the total supply being allocated to exchange liquidity.
• The platform hosts entertaining games with the aim of creating a sustainable gaming ecosystem where players can earn rewards for their participation and victories.

Meta Masters Guild (MEMAG) is a groundbreaking new mobile gaming guild aiming to revolutionize the play-to-earn (P2E) gaming ecosystem. Recently, MEMAG announced their highly anticipated presale of their native token, $MEMAG, with a price of $0.007.

MEMAG is on a mission to create a sustainable gaming ecosystem that rewards gamers for their participation and victories. As a result, it has been designed to optimize gamers‘ engagement while providing entertainment, which is beneficial to both the ecosystem and the gamers.

For the presale, MEMAG has a total supply of 1 billion tokens, with 35% of those tokens allocated to the presale. Of the total supply, only 10% is allocated for exchange liquidity. This offers investors more access to the tokens during the presale, as there is a greater chance of owning a valuable asset that increases in value as it enters the different stages of the presale.

The gaming platform hosts a variety of entertaining games, awarding players with in-game rewards known as Gems for their participation and victories. These Gems can be converted into $MEMAG tokens and can be cashed out into the best altcoins such as Ethereum, or reinvested back into the ecosystem. Players also have full ownership of all the in-game assets they receive as rewards.

Reinvesting options include using the tokens to buy in-game items, upgrade their gaming avatar, or use them to purchase game features. MEMAG is also looking to launch their own decentralized exchange, providing gamers with access to a secure and transparent trading platform.

The team behind MEMAG is highly experienced in gaming and blockchain, and they are confident that their new platform will be a great success. With the presale now underway, it’s an exciting time to be part of the MEMAG gaming ecosystem.

Crypto Analyst Shares Price Analysis of BTC, FTM, LTC and FET

• Crypto analyst Michaël van de Poppe recently analyzed Bitcoin (BTC), Fantom (FTM), Litecoin (LTC), and the AI altcoin, FET.
• Van de Poppe noted that BTC is trending down and witnessed two harsh rejections in the past week.
• He also opined that Litecoin’s native token (LTC) is getting close to a price zone that would be favorable for prospective long trades.

The year 2021 has seen its fair share of bearish and bullish trends in the crypto market. Most digital currencies have lost their 2021 gains in just a few months, leading to widespread expectations of a bear market. However, the crypto market has yet to show any bullish momentum. Amidst this volatility, a prominent cryptocurrency analyst has released his analysis of some digital currencies.

Michaël van de Poppe, a famous crypto analyst, took to Twitter recently to share insights into his price analysis of Bitcoin (BTC), Fantom (FTM), Litecoin (LTC), and the AI altcoin, FET. According to Van de Poppe, BTC is trending down and witnessed two harsh rejections in the past week. He pointed out that the rough rejections occurred at the $16,600 and $16,800 price levels, respectively. The analyst also noted that BTC might soon be retesting the $16,400 price resistance level. If BTC reclaims that price zone, the USD has to bounce up. However, if BTC fails to overcome that price resistance level, it would drop towards its next support level at $16,200.

Van de Poppe also expressed optimism about Litecoin’s native token (LTC). He opined that LTC is getting close to a price zone that would be favorable for prospective long trades. He said that LTC arrived at its destination sooner than he had anticipated and predicted that it will continue trending upwards if it manages to break the $125 price resistance level.

The analyst also provided an analysis of the AI altcoin, FET. While discussing FET in his analysis, Van de Poppe referred to it as a strong token. He noted that FET is still in a range-bound market and that it could soon be retesting its $0.51 resistance level. He added that if FET reclaims that price zone, it could possibly trend upwards and test the $0.56 resistance level.

Finally, the analyst also analyzed Fantom (FTM). He noted that FTM is still in a downtrend, but it could soon be retesting its $0.50 resistance level. Van de Poppe predicted that if FTM breaks the $0.50 resistance level, it could possibly trend upwards and test the $0.65 resistance level.

In conclusion, the crypto market is yet to show any bullish momentum and the year has been a bearish season for most digital currencies. However, Van de Poppe’s analysis of Bitcoin (BTC), Fantom (FTM), Litecoin (LTC), and the AI altcoin, FET, provides a glimmer of hope for crypto investors and traders alike. If these digital currencies manage to break their respective price resistance levels, they could possibly trend upwards and potentially experience significant gains.

Vitalik Buterin Bullish on Solana’s Future: Developers Urged to Follow Suit

• Vitalik Buterin, co-founder of Ethereum, recently expressed a positive outlook on the growth of the Solana blockchain.
• Buterin cites the involvement of clever developers within the community as a key factor that will drive this change.
• Bill Barhydt and Ari Paul have commended Buterin for his comments and encouraged other dApp developers and platform builders to follow suit.

Vitalik Buterin, the co-founder of Ethereum, recently stirred up a lot of buzz in the crypto community after expressing a positive outlook on the growth of the Solana blockchain. Buterin believes that the Solana blockchain has the potential to scale even higher in the near future, and cites the involvement of clever developers within the community as a key factor that will drive this change.

The tweet has since elicited reactions from some of the industry’s most notable figures. Bill Barhydt, the CEO of Crypto wallet Abra, commented on Buterin’s post, urging other dApp developers and platform builders to imitate Vitalik Biterin’s thought process. Similarly, Ari Paul, the CIO of BlockTower Capital commended Buterin, saying that his comments reflect Buterin’s excitement to „compete on merit.“

The sentiment surrounding Solana has remained largely negative since the exit of certain key figures. However, SOL bulls are regaining momentum, and the recent comments from Buterin have provided a much-needed boost to the project. Buterin’s statement is a reminder of the power of developer communities and the importance of a meritocratic approach to blockchain development.

The Solana project has faced many challenges in its journey towards mass adoption. With the support of Ethereum’s co-founder, the project has a renewed sense of optimism and hope for the future. It remains to be seen if Solana will be able to rebound from its current woes, but one thing is for certain: Vitalik Buterin believes that the project has a bright future ahead.

BMW Partners With Coinweb to Bring Blockchain to Loyalty Programs

• BMW has partnered with Coinweb to incorporate blockchain technology into its business operations and customer loyalty program.
• Coinweb will provide decentralized infrastructure while the BNB chain will be used to settle transactions.
• Customers will be able to redeem rewards for BMW products and services and access a closed community.

The famous German carmaker BMW has announced a partnership with Coinweb, a blockchain infrastructure firm, to incorporate blockchain technology into its business operations and customer loyalty programs. This collaboration is aimed at providing BMW customers with a seamless experience when interacting with the company.

The incorporation of blockchain technology into BMW’s operations will occur in two phases. The first phase is focused on streamlining the company’s daily operations through the elimination of paperwork. It will also enable BMW to provide more efficient automobile financing services. The second phase is the introduction of a customer loyalty program.

To facilitate this, Coinweb will create a custom Web3 app for BMW customers. This reward system will be based on blockchain and will determine the tier and status of customers in the ecosystem. In addition, customers will be able to redeem rewards for BMW products and services and access a closed community established by the company. As a means of payment, customers will be able to settle transactions using Binance’s native BNB chain.

Toby Gilbert, the Chief Executive of Coinweb, shared insights into how the reward system will work. According to him, every customer’s touchpoint within the BMW community has a record stored on the blockchain which will determine the respective customer’s status and rewards.

The partnership between BMW and Coinweb has attracted the attention of other carmakers, such as Mercedes, Alfa Romeo, and Ferrari, who have shown interest in exploring decentralized technology. Therefore, it is likely that BMW’s decision to incorporate blockchain technology into its business operations and customer loyalty program could pave the way for other carmakers to follow suit.

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