CryptoBoko

#Worldcoin and Bitget Token BGB had the biggest wins of the week.Astar, #Bonk , and Celestia were the biggest losers of the week.During a week when the cryptocurrency market cap approached nearly $2 trillion, certain assets experienced substantial gains while others incurred significant losses.Below is Cryptoboko compilation of the most notable winners and losers from the 11th to the 17th of February.Biggest WinnersWorldcoinIn the past week, Worldcoin [WLD] witnessed a substantial surge in its price. The daily timeframe chart revealed a remarkable uptrend, driving its price to the highest since it’s listing in 2023. The week began on the 11th of February with a slight loss of over 1.6%, trading at approximately $2.45. However, WLD saw consecutive uptrends afterward, reaching a climax on the 16th of February, with an almost 29% price increase.By the end of the week on the 17th of February, Worldcoin’s price had surged to around $4.7.CoinMarketCap’s showed a staggering gain of over 110% in the last seven days, positioning Worldcoin as the biggest gainer. At the time of this writing, its market cap was over $673 million.Furthermore, the price chart showed an additional gain of over 10%, with the press time price of over $5.SiacoinSiacoin [SC] emerged as the second-largest gainer of the week, boasting an impressive gain of over 60%, as reported by #CoinMarketCap .Despite a slow start to the week, with an initial trading price of around $0.0089, Siacoin witnessed a noteworthy surge as the week progressed.By the week’s conclusion on the 17th of February, its price had surged to around $0.014. Siacoin’s market cap was around $786 million at the time of this writing.Also, at the time of this writing, it was trading at around $0.014, starting the new week with another decline.Bitget TokenBitget Token [BGB] initially faced losses in the first two days of the week, as per data from CoinMarketCap. Despite this early setback, it managed to secure the position of the third-highest gainer of the week.Beginning the week with a trading value of around $0.6, Bitget Token experienced a significant surge, concluding the week at over $1 and gaining more than 50%.At the time of this writing, it was trading at around $1.02, with a market cap of over $1.4 billion.Biggest LosersAstarAstar [ASTR] emerged as the week’s biggest loser, as indicated by CoinMarketCap data. The week commenced positively for Astar, starting at about $0.18 and reaching over $0.19 at one point.However, the momentum shifted, and the token experienced consecutive declines, concluding the week at around $0.16 with a loss of 8.61%. Astar’s market cap was over $943 million at the time of this writing.BonkBonk [BONK] secured the position of the second-highest weekly loss, registering a decline of 6.7%, according to CoinMarketCap.A daily timeframe analysis of this Solana [SOL]-based meme coin revealed a challenging start to the week with a 6.85% loss. The chart showed that its most significant gain occurred on the 14th of February, with a 14.19% increase. However, despite this noteworthy surge, it was insufficient to offset the overall weekly loss.At the time of this writing, Bonk was trading with an increase of over 2%, and its market cap was over 820 million.CelestiaCelestia [TIA] faced a challenging start to the week as its price experienced a decline, starting at about $19.48. The downward trend persisted, with the price reaching around $17.8 during the week.Despite a slight recovery, CoinMarketCap’s data indicated an overall decline of over 6% for the week. At the time of this writing, Celestia was trading at around $18.7, with another observed decline.Its market cap was over $3 billion at the time of the report.Conclusion Here’s the weekly recap of the biggest gainers and losers. It’s crucial to bear in mind the volatile nature of the market, where prices can shift rapidly.Thus, it is best to do your own research (DYOR) before making any investment decisions.

In a recent statement, #Ripple Chief Technology Officer (CTO) David Schwartz strongly denied allegations that Ripple is manipulating the price of #XRP through programmatic sales.Schwartz said the following regarding the issue in his statement:In a recent statement, Ripple Chief Technology Officer (CTO) David Schwartz strongly denied allegations that Ripple is manipulating the price of XRP through programmatic sales.Schwartz said the following regarding the issue in his statement:“I do not believe our scheduled XRP sales manipulate the price in any way. “I am confident that we have made every effort to minimize the price impact of our scheduled sales.”Schwartz flatly denied these accusations and said that Ripple stopped scheduled XRP sales starting from the first quarter of 2023 and that this was explained in detail in Ripple's 1st Quarter 2023 XRP Markets Report. He also stated that Ripple always tries to minimize the impact of such sales on the price.As Schwartz explains, programmed sales represent sales that occur on exchanges through market making, usually with a slight net tendency to reduce holdings. Essentially, according to Schwartz, an asset is sold by helping others both buy and sell that asset, but the net result is selling rather than buying.On the other hand, Schwartz also clarified the concept of On-Demand Liquidity (ODL) that Ripple uses in the international payment system. Sales associated with On-Demand Liquidity (ODL) occur when someone wants to pay somewhere using Ripple payments.For example, if a person wants to send Mexican pesos, they can buy XRP from Ripple at the time they need to pay, send the XRP to a Mexican exchange, exchange the XRP for Mexican pesos, and then use a payment provider to make a Mexican local payment to the recipient. If Ripple receives back less XRP than was sold in this payment, this would be a net sale in conjunction with the ODL.

As the crypto started it is a groundbreaking asset, now allowing for safe and centralized global trade. However, as the popularity of cryptos rises, there is a great need for proper regulations. With the proper regulation, there are more chances to grow safely. It is also helpful for the reliability of investors. As the investments are growing in cryptos it is a highly influenced sector in the markets thats why the legal or regulatory environment surrounding them. Legal clarity brings more transparency in the blockchain sector to grow in the market. Today we discussed 10 Crypto-Friendly Countries in 2024 that are cordial angle with cryptos.The growth of cryptocurrency is the rules set by each region. To make digital assets work well we need to clear the laws and regulations for collective growth and support for innovation. Understanding the local laws is very necessary and supported by clear taxation and government help.List of Top Crypto-Friendly Countries in 2024PortugalPortugal is not just known for its stunning beaches and sunny weather; it’s also becoming known for its friendliness towards cryptocurrency. How so?Well, in Portugal, when you buy and sell cryptocurrency, you don’t have to worry about paying taxes on the profits you make. This means that if you’re an individual investor and crypto is not your main source of income, any profits you make from trading crypto are tax-free, as long as you have held onto the tokens for more than a year.Even though companies providing crypto services are taxed on their gains, the taxes are generally lower compared to other places in Europe. Plus, Portugal hosts various international crypto events like Nearcon23 and the Web Summit, making it a hotspot for crypto lovers.MaltaMalta has earned the nickname “blockchain island” for a reason. It’s considered a haven for crypto due to its favorable tax laws. In Malta, Bitcoin and other cryptocurrencies are recognized as a legitimate form of currency. This means that if you hold onto your crypto for the long term, you would not have to pay any Capital Gains Tax on your profits.However, if you are actively trading crypto, you may be subject to Business Income Tax, but there are ways to reduce this tax rate to as low as 0-5%, depending on your earnings and residency status.Malta is a top spot for blockchain and cryptocurrency businesses. Thanks to laws like the Virtual Financial Assets (VFA) Act, which makes rules specifically for crypto, it’s become a global leader in this field. This law gives clear guidelines, which helps investors and companies know what they can and can’t do.One big reason why Malta is so attractive for crypto businesses is its tax policies. They’re friendly to companies working with blockchain and cryptocurrency. These policies mean businesses can save more money and use it to grow even bigger. They might get special tax breaks or pay lower taxes overall. This makes Malta a great place for crypto companies to set up shop and thrive.SingaporeSingapore, known as a leading fintech hub in Asia, is also a crypto hotspot. Here’s why:The Payment Services Act regulates crypto under the watchful eye of the Monetary Authority of Singapore. The best part? Individuals don’t have to pay taxes on their crypto profits unless they’re actively trading. Singapore doesn’t impose capital gains tax on trading profits either, making it attractive for investors looking to maximize their gains without hefty tax bills. With its strong crypto infrastructure and clear legal framework, Singapore offers a safe and supportive environment for crypto enthusiasts.SwitzerlandSwitzerland, particularly the city of Zug, known as Crypto Valley, is home to numerous crypto companies like the Ethereum Foundation. Switzerland’s crypto regulations are very favorable: Individual investors enjoy completely tax-free crypto income and capital gains. The country has a progressive approach to crypto regulation, making it an ideal destination for those looking to get the most out of their crypto investments.El SalvadorEl Salvador stands out as one of the most crypto-friendly countries in 2024, especially since it became the first country to adopt Bitcoin as legal tender. With its Bitcoin-friendly president and initiatives like the introduction of a crypto wallet called Chivo, El Salvador is paving the way for widespread crypto adoption.SloveniaSlovenia has embraced crypto with open arms, offering clear regulations and government support for blockchain technology. The country boasts the highest market cap in crypto per capita, indicating a thriving blockchain startup scene. With no capital gains tax or VAT on mining, Slovenia provides a conducive environment for crypto enthusiasts and businesses.CanadaCanada is a global leader in blockchain and crypto technology development, with a well-defined regulatory system that balances investor protection and innovation. Crypto profits are taxed as capital gains, offering clarity for individuals and companies engaging in crypto activities.Canada is a hub for tech advancements in business, especially in blockchain and cryptocurrency. It’s a global leader in these fields. Canada’s clear rules and regulations help balance protecting investors and encouraging new ideas.When it comes to taxes, Canada keeps things fair. Cryptocurrencies are treated like stocks, not regular money. This means when people or businesses make money from Bitcoin, they pay taxes on those profits. Canada also makes sure everyone follows the rules by setting clear guidelines for reporting cryptocurrency transactions.GermanyGermany takes a unique approach to crypto, considering it private money rather than an asset. Long-term investors benefit from no capital gains tax if they hold onto their crypto for at least a year. Germany has been recognizing Bitcoin as a legal form of payment since 2013, making it an early adopter in the crypto space.Germany is known for being modern and forward-thinking when it comes to cryptocurrencies. It recognizes Bitcoin as a legitimate way to buy things, which makes it easier for people and businesses to use it.To keep things safe, Germany has strict rules to stop fraud and money laundering in the crypto world. This protects everyone using cryptocurrencies, making sure it’s a safe place to invest and trade.When it comes to taxes, Germany keeps things simple. It sees cryptocurrencies as private money, not like stocks or foreign cash. This means people and businesses know what taxes they owe when they use or invest in cryptocurrencies.Cayman IslandsThe Cayman Islands offer a crypto-friendly environment for real estate investment and business activities. Crypto businesses and individual investors enjoy tax exemptions, making it an attractive destination for crypto enthusiasts.GeorgiaGeorgia is also one of the Top 10 Crypto-Friendly Countries a tax-free haven for crypto traders, with individuals exempt from income tax on crypto profits. The country’s regulatory bodies are supportive of crypto activities, providing a clear framework for taxation and supervision.Comparative Analysis of Top 10 CountriesThese are the Top 10 Crypto-Friendly Countries that welcome cryptocurrencies and have a lot in common. They usually have clear rules and regulations that protect investors and make things easy to understand. Plus, they often have fair tax policies, treating cryptocurrencies like assets and taxing them accordingly, or even giving tax breaks for certain crypto activities.These countries also get behind blockchain technology, offering support and incentives to encourage innovation. They might have programs and resources in place to help crypto startups succeed.While they share similarities, each of these top 10 countries has its unique strengths. Malta, for example, has become a hub for blockchain thanks to its clear laws. Estonia, on the other hand, is known for its e-residency program and strong support for digital businesses.Bottom LineIn 2024, many countries will embrace crypto adoption and create a safe environment for its growth. From Portugal to Georgia, these nations offer various incentives and regulations to attract crypto enthusiasts and businesses, marking significant progress in the crypto landscape compared to previous years. Thus these are the Top 10 Crypto-Friendly Countries discussed above which are very friendly in terms of cryptocurrency.

Bitcoin's uptrend is supported by strong trading volumes, a bullish sign for continuation, a FalconX report said.*Bitcoin's stalling momentum at the $52,000 resistance could signal an "imminent pullback" as 33% rise in a few weeks is "unsustainable", Swissblock said.*The uptrend could still continue, with 10x Research setting a $57,500 price target for the next leg higher.Bitcoin (BTC) rose above $52,000 this week for the first time in 26 months, but its stalling momentum may foreshadow an "imminent" pullback before higher prices, Swissblock analysts said in a Friday market update.The largest crypto by market cap rallied 10% in a week, outperforming the broad-market CoinDesk20 Index's (CD20) 8% advance, extending its relentless rise from $38,500 in late January. The surge was coupled with accelerating inflows into U.S. spot bitcoin exchange-traded funds (ETF), with BlackRock's IBIT raking in over 28,000 bitcoin this week.However, the $52,000 area is a significant resistance level on long-term charts that capped prices in September and December in 2021, Swissblock noted, and now also posed a meaningful barrier for the rally to continue now."A pullback seems imminent and necessary given the recent rapid ascent of approximately 33% over the past few weeks, suggesting an unsustainable rally," Swissblock analysts wrote.Beyond a short-term dip, the market looks poised for higher prices, the report added, and any forthcoming correction could be a buying opportunity as long as BTC holds its support at near $47,500. "At this point, any pullback should be thought of as a potential buying opportunity," the report said.Institutional crypto exchange FalconX also noted "exceptional" trading volumes that support the early 2024 uptrend, last seen during the 2023 March regional banking crisis."Price increases followed by lower volumes have historically been a reliable indicator of false breakouts in crypto," FalconX analysts wrote Friday. "The good news at this point is that liquidity conditions surrounding the January rally remain generally robust."10x Research analyst Markus Thielen said in a Friday update that bitcoin could run towards a $57,500 price target, citing strong liquidity and increasing demand for bitcoin futures."Bitcoin appears to target 57,000 as its next resistance, and considering BTC's performance in the previous pre-halvings, the odds for another leg being higher are increasing," Thielen wrote.

The world of DeFi, short for Decentralized Finance, might sound complicated, like a confusing maze. But it’s more like a funfair of ways to grow your money. The good news is there are guides called DeFi management platforms to help you navigate it smoothly. This article explains the Top DeFi Management Platforms, so you can use them to confidently manage your DeFi money and reach your financial goals.Decoding Protocols, Strategies, and Risks:Imagine you want to play at a giant money fair, but instead of booths run by banks, people lend, borrow, and trade directly.  These activities happen through special tools called “protocols,” like automated machines. The good part is you can earn interest or borrow money on your own, but it can get confusing with all the different machines and risks involved.That’s where DeFi management platforms come in. They are like your friendly guides at the fair, helping you:1- See everything in one place: No more checking multiple machines! Platforms show your total money, how much you’re earning, and any potential risks.2- Get smart help: Want your money to automatically move to the best machines for earning? Platforms can do that like clever robots!3- Stay organized: No more messy notes! Platforms keep track of everything, making things super easy.4- Learn as you go: Some platforms even have communities and resources to help you understand the money fair better.Enter into Defi- Management Field:DeFi management platforms act as your centralized command center within the decentralized world. Imagine a dashboard consolidating all your DeFi activities in one place, simplifying portfolio tracking, optimizing strategies, and automating tasks.Here’s a glimpse into the functionalities these platforms offer:Portfolio Collection:View all your DeFi assets across different protocols and blockchains in a single, involuntary interface. Gone are the days of juggling multiple dashboards and spreadsheets.Performance Analysis:Track the returns and risks associated with your investments, allowing you to assess the effectiveness of your chosen strategies and make informed decisions.Automated Strategies:Set up rules and triggers to automatically rebalance your portfolio, harvest yields, and optimize returns, saving you valuable time and effort.Tax Reporting:Platforms like Zerion and TaxBit integrate seamlessly with tax tools, simplifying the often-daunting task of reporting your DeFi transactions.Community and Education:Some platforms, like DeFi Saver, offer educational resources and connect you with experienced users, fostering a collaborative learning environment.Choosing Your DeFi Management Platform:With an oversupply of platforms available, selecting the right one requires careful consideration. Here are some key factors to guide your decision:Security:Opt for platforms with robust security measures, established track records, and regular audits. Remember, security is paramount in the DeFi space.Supported Protocols:Ensure the platform supports the protocols you use or are interested in exploring. Popular choices like Aave, MakerDAO, and Compound are common coverage, but niche protocols might require specific platforms.Ease of Use:Consider your technical savvy. Platforms like Zerion and DeBank cater to beginners with user-friendly interfaces, while DeFi Saver offers advanced features geared towards experienced users.Fees:Some platforms charge subscription fees or transaction fees. Evaluate the value proposition and cost structure before committing.Target Audience:Platforms cater to different needs. Research your options and choose one aligned with your experience level and investment goals.Popular Platforms in the DeFi Management Jungle:Now, let’s explore some of the leading DeFi management platforms currently guiding the digital landscape:Defi Saver:This platform caters to experienced users with its advanced automation tools, multi-chain support, and focus on risk management. Defi Saving is an assets management app for decentralized finance. It helps in focusing creating, managing, and tracking positions in protocols. Some outstanding features of DeFi Saver include:1- Managing debt positions.2- Moving your holdings between protocols.3- Earning interest on stablecoins.4- Swapping the coins in any exchange.Zerion:Its user-friendly interface and focus on portfolio tracking make it ideal for beginners and the person who is taking an interest in DeFi can check out this :1- Invest Feature:  Buy and sell ERC-20 tokens (DeFi index, governance, social). Browse by market cap or category.2- Pools Feature: Supply liquidity to DEXs (Curve, SushiSwap, etc.)Earn fees for providing liquidity. 3- Exchange Feature: Trade tokens and LP tokens.Source liquidity from DEXs. 4- Save Feature: Lend DeFi assets via Compound. Earn interest. 5- Borrow FeatureTake collateralized loans. It is integrated with Compound, Maker, Liquity. View loan summary (debt, collateral, interest).Zapper:This platform excels in aggregating DeFi activities across multiple chains and platforms, offering a holistic view of your portfolio. The main features of Zapper are :1- Easy in in-person payments.2- Easy and convenient in online payments.3- Quickly acquire capital from the application.4- Provide e-commerce gateways.5- There are more partnerships with other platforms.Dhedge:For those seeking curated investment strategies, Dhedge connects you with experienced managers who manage your assets based on your chosen risk tolerance and goals.dHEDGE is a one-stop location for managing investment activities on-chain where you can put your capital to work in different strategies based on having access to competing managers and their transparent track record. Some best features of Dhedge are:1- Craft fully Centralized tokens.2- 100+ endless opportunities.3- Automate the trading.Ethos org:Focusing on security and ease of use, Ethos boasts social features like news feeds and community discussions, fostering a collaborative learning environment.Beyond the Hype: Understanding the Risks and Limitations:While DeFi management platforms offer undeniable benefits, it’s crucial to navigate this space with caution and acknowledge the inherent risks:Smart Contract Vulnerabilities:DeFi protocols rely on smart contracts, which, despite rigorous audits, can harbor vulnerabilities susceptible to exploits.Impermanent Loss:When participating in liquidity pools, the value of your deposited assets can fluctuate, potentially leading to impermanent loss if you withdraw prematurely.Rug Pulls:In rare cases, malicious actors might launch fraudulent projects (rug pulls) to abscond with investors’ funds. Careful research and due diligence are paramount.Platform Risk:The platform itself could face technical issues, hacks, or even exit scams. Diversifying your access points and choosing reputable platforms mitigates this risk.Bottom Line:In the end, the world of DeFi management platforms represents a lateral shift in finance an evolution towards decentralization, accessibility, and empowerment. As we adopt this new frontier, let us tread boldly, guided by the wisdom of these platforms, towards a future where financial freedom knows no bounds. Together, we embark on a journey where the maze of DeFi transforms into a playground of possibilities, where the dreams of today shape the realities of tomorrow. Welcome to the future of finance. Welcome to DeFi management. The above platforms discussed are the Top DeFi Management Platforms in 2024.