One of the most calamitous events in the crypto world last year – the demise of FTX – negatively impacted the entire industry. While sending shock waves through the entire crypto industry, the demise of FTX caused some exchanges to advance their investor protection programs. Bitget raised its protection fund from $200 million to $300 million. Binance increased its Secure Asset Fund for Users (SAFU) to $1 billion, asserting the assets will be only used in case of an adverse event. Ecoterra will have a Carbon Offset Marketplace where eco-conscious users can then use their earned ECOTERRA to purchase carbon credits as well as fund other green projects. Carbon credits are like vouchers that equate to one tonne of CO2 being removed from the atmosphere, while other projects will be fully vetted and verified and could include ocean clean-up or reforestation. Also included are our regular sections about bech32 sending support and notable changes to popular Bitcoin infrastructure projects. Readers are strongly advised to verify the information independently and carefully.
More information can be found in the ecoterra whitepaper and the latest news in the Telegram group. The ecoterra app not only allows for those rewards – received with the native ECOTERRA tokens – to be sold on exchanges but they can also be spent to further a user’s green efforts. The tokens can then be sent to an exchange to earn cash. The ecoterra app also allows users to earn extra tokens if they have solar panels, for example, simply by scanning an electric bill. Users simply scan every day recyclable household waste and earn instant rewards – the project has already raised more than $5.2 million in its presale and is set for listing on exchanges in Q3 2023, with the app scheduled for release by the end of the year. Much of the remaining supply has been reserved for project liquidity (25%) which is locked for six months and then vested over a year. A further 10% for marketing (3 months locked, monthly vesting for a year), and 5% each for listings (no vesting), company adoption (3-month lock, 1-year vesting) and the team (1-year lock, 3-year vesting). The average monthly spot trading volume of Bitfinex six months before the fallout was over $12 billion, compared to $5 billion half a year later.
Its average monthly spot trading volume shifted from nearly $445 billion to approximately $444 billion. There is a max supply of 2 billion tokens, with 50% of those made available during the presale with no vesting period. The only winner here seems to be Bitget, whose average numbers in that field six months before the catastrophe were $194 billion, compared to $204 billion in the aftermath. As of this writing, the price of bitcoin in national currencies has been rapidly increasing over the past few months. That means the real cost to send a transaction is expected to increase in correspondence with bitcoin prices even if feerates stay the same. For that reason and others (including privacy concerns) a number of Bitcoin Core contributors have wanted to disable the feature for several years now. The project has already partnered with multinational supermarket farm Ahold Delhaize, which operates more than 1,000 stores in the US – including Food Lion and Stop & Shop – as well as thousands more across Europe and Asia. Once the final stage is sold out, with a hard cap of $6.7 million, the project will then head for its initial exchange offering – which is expected in Q3.
Ecoterra is a brand new eco-friendly cryptocurrency project that will allow users to help fight the climate crisis and earn cash via its revolutionary mobile app. Eventually, ecoterra wants to introduce a QR code or barcode on the labels of major projects, where users would instantly be able to find their Impact Trackable Profile. The app will also have an Impact Trackable Profile, which is a public profile or a company’s actions and environmentally friendly practices. With many customers choosing to shop with brands and stores that put green choices first, the profile will be an important way to allow customers to understand the eco-friendly efforts a business is making. Now, one extra descendant will be allowed provided it is an immediate descendant (child) and the child’s size is 10,000 vbytes or less. 15891 changes the node defaults when using regtest mode to enforce the same standard transaction rules used on mainnet.