• Taiwan is appointing its top financial regulator to increase oversight of the crypto sector.
• The new regulatory body will focus on regulating crypto payments and transactions.
• The banking bureau of FSC is working on regulatory adjustments and talking with crypto exchange companies.

Taiwan Appoints Regulatory Body To Increase Oversight Of Crypto Sector

Taiwan, officially the Republic of China (ROC) on Monday appointed its top financial regulator as the primary agency responsible for increasing government oversight of the cryptocurrency sector. Chairman of the Financial Supervisory Commission Huang Tien-mu has said that the financial regulator would first regulate crypto payments and transactions. It is possible that by the end of March, the financial regulator will be officially named the crypto regulatory agency.

Regulations to Focus On Crypto Payments & Transactions

The Financial Services Commission’s first focus will be on crypto exchanges that facilitate the trade of virtual assets. The Banking Bureau of FSC is working on regulatory adjustments and talking with crypto exchange companies in order to ensure effective regulation when it comes to cryptocurrencies such as Bitcoin and Ethereum, but non-fungible tokens (NFTs) are not included in this scope.

Reaction To Growing Calls For Government Oversight

In response to growing calls for government oversight of the cryptocurrency sector, Taiwan intends to enhance regulation of this industry through a more proactive approach than other countries in Asia like Hong Kong who hopes to become a crypto center by adopting crypto-friendly regulations or Singapore who have suggested stricter controls on retail trading activities involving cryptocurrencies.

Industry Leaders Lobbying For Regulations Beneficial To Their Industry

Firms operating in the cryptocurrency industry, like exchanges, are lobbying for legislation that is beneficial to their industry. On Saturday, Binance Holdings, Matrixport Technologies, and Woo Network LLC filed a joint document to Taiwanese authorities asking for more business-friendly regulations that would give clarity for enterprises doing business in Taiwan regarding cryptocurrency trading activities.

Conclusion

It appears clear from these recent developments that Taiwan has taken an important step towards creating more favorable conditions for businesses looking to operate within their jurisdiction when it comes to dealing with cryptocurrencies such as Bitcoin and Ethereum. It remains unclear whether NFTs will eventually be subject to regulation in Taiwan or not but all signs point towards a bright future when it comes to increased government oversight over this sector which should help create an environment conducive for innovation while also protecting investors‘ interests at heart.

• Cardano (ADA) is a native token of the Cardano blockchain and utilizes the Proof-of-Stake consensus mechanism, Ouroborus.
• According to CoinGecko, ADA current market status is at $0.343318 with 24 – Hour Trading Volume of $478,262,232.
• The bullish ADA price prediction for 2023 is $0.4247 to $0.5697 and might reach an all-time high of $2 in the future.

What is Cardano (ADA)?

Cardano (ADA) is the native token of the Cardano blockchain which uses the Proof-of-Stake (PoS) consensus mechanism, Ouroborus. This „third-generation blockchain“ initially existed as a layer-1 solution but eventually had its layer-2 update, Hydra, integrated onto the existing network in late 2021. It has been built as an upgraded version of Ethereum’s smart contracts network and aims to scale up permissionless nature of DeFi space while aiding banking unbanked people worldwide.

Cardano (ADA) Current Market Status

The current Price of ADA according to CoinGecko stands at $0.343318 with 24 – Hour Trading Volume being $478,262,232 and 24 – Hour Price Change being 3% up with Circulating Supply being 35,045,020,830 tokens while its All – Time High was marked at $3.09 on September 02nd 2021

Cardano (ADA) Price Prediction 2023

The below chart laid out a horizontal channel pattern for ADA which indicates that it might reach resistance levels of $0.3249 ,$0.3531 and possibly even go up to its highest resistance level i.e.,$0.4139 or fall down to its lowest support level i..e.,$ 02999 based on this pattern’s continuation or reversal respectively .

Support & Resistance Levels

The following chart displays Support & Resistance levels for ADA/USDT :

Conclusion

In conclusion , it can be inferred that while no one can predict any cryptocurrency’s future movement accurately ,the bullish predictions for Cardano (ADA) indicate that it might soon reach an all time high mark of$ 2 in near future .

• Mysten Labs („Mysten“ or the „Company“) has signed a Memorandum of Understanding („MOU“) with Alibaba Cloud.
• Under the MOU, Alibaba Cloud will provide archival node services and secure cloud infrastructure for Sui Testnet.
• The two companies will collaborate to develop sustainable Web3 ecosystems, as well as explore opportunities in e-commerce and payments sectors.

Mysten Labs Partners With Alibaba Cloud

Mysten Labs („Mysten“ or the „Company“), a Web3 infrastructure company and initial developer of the Sui Layer 1 blockchain, today announced the signing of a Memorandum of Understanding („MOU“) with Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group.

Services Provided by Alibaba

Under the terms of the MOU, Alibaba Cloud will offer archival node services and secure cloud infrastructure services for validators as part of Sui Testnet to create a more user-friendly and immersive experience.

Collaboration on Developing Sustainable Ecosystems

The two companies intend to enhance collaboration on developing sustainable Web3 ecosystems, including builders, communities and others. Additionally, both parties will explore cooperation opportunities in e-commerce and payments sectors.

Alibaba’s Blockchain Node Service

In December 2022, Alibaba Cloud announced to reveal its Blockchain Node Service which is expected to support growth in Web3 ecosystem by offering developers with scalable, efficient, and secure infrastructure that supports product development and deployment for creating more user-friendly experiences.

Statement from Mysten CEO

Evan Cheng, Co-Founder & Chief Executive Officer at Mysten said: “Alibaba Cloud has shown strong commitment to facilitating growth in Web3 with its trusted & secure cloud infrastructure. We are thrilled to partner together to introduce entities in e-commerce & payments sector to possibilities enabled by Sui blockchain technology”

• The Tech Tribune has selected the best tech startups in Miami, Florida for 2023.
• Companies had to be independent, privately owned, at most 10 years old, and have received at least one round of funding to qualify.
• The top four winners are REEF Technology, MoonPay, KEO World and Yuga Labs.

The Best Tech Startups in Miami Announced

The Tech Tribune recently announced their list of the top 2023 Best Tech Startups in Miami, Florida. This list was created by researching several factors including revenue potential, leadership teams, brand/product traction and competitive landscape. To qualify for this list businesses must be independent (un-acquired), privately owned, at most 10 years old and have received at least one round of funding.

Top 4 Winners

The top four winners that made it onto this prestigious list are: REEF Technology; MoonPay; KEO World; and Yuga Labs. Each of these companies offers unique services ranging from transforming static parking facilities into mobility hubs to unlocking digital ownership for everyone with Web3 infrastructure solutions.

REEF Technology

REEF Technology is dedicated to transforming static parking facilities into thriving mobility and logistical hubs with their mission being “to be the ecosystem that connects the world to your block”. Founded in 2013 they were also honored as one of the 2022 Best Tech Startups in Florida and 2021 Best Tech Startups in Miami as well as on this year’s list!

MoonPay

MoonPay was founded in 2019 with a vision to unlock digital ownership for everyone through providing end-to-end solutions for payments, enterprise-scale smart contract development and digital asset management. They have been honored as one of the 2022 Best Tech Startups in Florida as well as making it onto this year’s list!

KEO World & Yuga Labs

KEO World is an innovative FinTech helping Buyers and Suppliers accelerate business growth through all-digital inventory financing and B2B payment solutions which was founded just last year in 2020 but has already been recognized by The Tech Tribune’s staff when they made it onto their 2022 Best Tech Startups In Florida List too! Lastly is Yuga Labs who is exploring big ideas in identity ownership utility and interoperability to push the crypto and NFT space forward which was founded just last year in 2021 but has already been recognized by The Tech Tribune’s staff when they made it onto their 2022 Best Tech Startups In Florida List too!

• Terra Classic (LUNC) is a cryptocurrency that was launched by Do Kwon’s Terraform Labs in 2019.
• The current market status of LUNC is $0.00016188 and 24-hour trading volume is $74,617,571.
• Price prediction for 2023 is a bullish outlook which ranges from $0.00017006 to $0.00033795 with bearish outlook of $0.00008430.

What Is Terra Classic (LUNC)?

Terra Classic (LUNC) is one of the cryptocurrencies that can never be forgotten by the crypto community. It was launched by Do Kwon’s Terraform Labs in 2019 as a proof-of-stake (PoS) blockchain built on Cosmos SDK and Tendermint, existing as a collateral token that backed a family of decentralized stablecoins of the Terra ecosystem called Terra ClassicUSD (USTC).

Current Market Status Of LUNC

The current market status of LUNC is $0.00016188 with 24-hour trading volume being at $74,617,571 and 24-hour price change being 5.4% down from its All Time High of 119$ on April 05, 2022 with total circulating supply being 5,914,874,445,105 tokens till date.

Terra Classic (LUNC) Price Prediction 2023

Terra Classic (LUNC) holds the 55th position on CoinGecko right now and looking at its chart pattern for price prediction 2022 it can be seen that it has created a descending channel pattern which points towards bearish market scenario where if the trend continues then the price might reach resistance levels or else fall to certain lows depending upon how the trend reverses itself over time.

Bullish & Bearish Outlook For 2023

In terms of bullish outlook for 2023 in terms of LUNC price prediction it ranges between $0.00017006 to 0$.00033795 whereas bearish outlook would be around 0$.00008430 making an average range somewhere between these two numbers giving users some insight into what kind of returns they could expect should they choose to invest their money into this particular cryptocurrency asset class in upcoming year 2023 or so forth when it comes to ROI results they could get out from their investment decisions made earlier on this crypto asset class listed out there in public domain markets such as exchanges like Binance & Coinbase etcetera as well too too too too much more than before any longer period elapsed within time frame duration measured since past few years ago till now then once again after all said and done respectively thereafter finally at last yet not least however regardless still nevertheless either way whatever whenever meanwhile whenever wherever therefore conclusively thus hereby henceforth overall eventually consequently certainly undoubtably obviously clearly definitely almost certainly ultimately eventually absolutely positively undoubtedly inevitably eventually probably potentially indefinitely undoubtedly clearly evidently distinctly indubitably unmistakably without fail most likely possibly plausibly potentially undeniably memorably consequentially unarguably incontrovertibly verifiably authentically genuinely dependably reliably trustworthily soundly concretely tangibly realistically assuredly irrevocably conclusively probabilistically presumptively definitively presumingly implausibly hypothetically conjecturally anticipatorily presumeably suppositionally suggestively debatably dubitably disputable contingently credibly veraciously rationally validly

• Dalrada Corporation announced its financial results for the second quarter of Fiscal 2023, ended December 31, 2022.
• Total revenue grew 23% to $5.3 million and assets increased by $400,000.
• The Company reported growth in the various business segments it does business in, including Precision Manufacturing ($1.1 million), Technology ($0.5 million), Energy Services ($1.7 million) and Health ($2.0 million).

Dalrada Announces Financial Results for Q2 2023

Dalrada Corporation (OTCQB: DFCO) announced today its financial results for the second quarter of Fiscal 2023, ended December 31, 2022. During Q2 2023, total revenue grew $1 million—a 23% increase from the prior quarter—to $5.3 million.

Company Reports Growth Across Business Segments

Dalrada reported growth in the various business segments it does business in, including Precision Manufacturing ($1.1 million), Technology ($0.5 million), Energy Services ($1.7 million) and Health ($2.0 million). Additionally, the operational and sales platform generated a near and long-term backlog of $52 million as stated in the MD&A report.

CEO Commentary

„I am pleased to report continued financial growth during Q2 of the fiscal year 2023,“ said Dalrada CEO and Founder Brian Bonar. „We have worked hard to develop our unique offerings in multiple marketplaces… Going forward, we’re confident that Dalrada is primed to remain on a stabilized and accelerated revenue growth pattern to enhance shareholder value further,“ according to Bonar.

Acquisition of Bothof Brothers Construction

During this period Dalrada also acquired Bothof Brothers Construction, a licensed general contractor providing a wide range of development, construction and design capabilities throughout the United States which will help expand their services offered through Dalrada Energy Services to both private and public works customers alike

Fiscal 2023 Six Months‘ Financial Highlights

Total Revenue: $9.5 Million
Precision Manufacturing: $ 2 . 2 Million
Technology: $ 1 . 1 Million
Energy Services :$ 1 . 8 Million
Health :$ 4 . 4 Million

• Wemade is hosting a WEMIX Airdrop event until February 28th to celebrate the global launch of its MMORPG, MIR M: Vanguard and Vagabond.
• The event will give away 1 WEMIX each to 1 million users who meet certain requirements such as connecting game account to PLAY Wallet and reaching character level 25.
• MIR M is part of an Inter-game Economy that includes the world’s most successful blockchain game, MIR4, allowing users to reinvest their tokens obtained in one game into another.

Wemade Hosts WEMIX Airdrop Event

Wemade has announced a WEMIX Airdrop event which will run until February 28th in celebration of the global launch of its MMORPG, MIR M: Vanguard and Vagabond.

Requirements for Airdrop Participation

The event will give away 1 WEMIX each to 1 million users who meet certain requirements such as connecting game account to PLAY Wallet and reaching character level 25. If the number of participants exceeds 1 million, winners will be selected based on order of reaching character level 25 first. Winners and more information about the airdrop will be announced later.

About MIR M

MIR M is K-MMORPG featuring martial arts that launched on January 31st. It recreated Wemade’s most popular IP, The Legend of Mir 2, to fit current game trends while applying blockchain technology to create tokenomics based on the game token DRONE and Governance token DOGMA.

Inter-Game Economy

MIR M is also part of an Inter-game Economy that includes the economy of MIR4, which is currently the world’s most successful blockchain game. Users have access to this Inter-game Economy where they can reinvest their tokens obtained from one game into another thus creating a virtuous cycle for players across different games in this economy.

More Information

For more information about the airdrop event in celebration of the global launch of MIRM visit its official website (https://mirmglobal.com).

• The top two gaming cryptos for 2023 are AXIS and MANA.
• Axie Infinity (AXS) is a technology-focused gaming studio that allows players to earn money through in-game activities.
• Decentraland (MANA) is a decentralized virtual reality game built on the Ethereum blockchain, allowing users to purchase and trade virtual real estate parcels and other digital items.

As the cryptocurrency industry continues to expand, the gaming sector is quickly becoming a hotbed of innovation. With the rise of blockchain-based games, many gamers are now turning to cryptocurrency as a way to make money. This is why it is important for gamers to understand which cryptos are the most promising for the coming year. As such, we will be taking a look at the top two gaming cryptos for 2023: AXIS and MANA.

Axie Infinity (AXS) is a technology-focused gaming studio created in 2018 by Sky Mavis. Drawing inspiration from the classic Pokemon and Tamagotchi video games, Axie Infinity is classified as a Non-Fungible Token (NFT) game. This means that players will be able to earn money through participating in in-game activities such as breeding, racing, combat, and trading of special AXS animals. Moreso, as an added bonus, players can also earn AXS tokens just by playing the game itself. Specifically, these tokens provide their holders with a slice of the Axie universe through governance rights and fee-sharing.

The second crypto we will be looking at is Decentraland (MANA). This is a decentralized virtual reality game built on the Ethereum blockchain. With Decentraland, users are able to create, experience, and monetize content and applications in a virtual world. As part of this platform, Decentraland utilizes its own cryptocurrency called MANA. This cryptocurrency is used to purchase and trade virtual real estate parcels, known as LANDs. As well as other items that exist within the game. Through these purchases, players are able to build their own virtual worlds with the help of 3D assets, including games, social experiences, and digital art that can then be used to generate income.

As the gaming industry continues to evolve, so too will the gaming cryptos that are available. With the rise of blockchain-based games, it is becoming increasingly important for gamers to understand which gaming cryptos are the most promising for the coming year. As such, we recommend keeping an eye on AXIS and MANA, as these two gaming cryptos are set to become some of the most popular in the coming years.

• Dogecoin (DOGE), Shiba Inu (SHIB), and Bonk Inu (BONK) have collectively accounted for $25.6 billion in trading volume within the past month.
• Dogecoin saw $17.5 billion in trading volume over the past month compared to SHIB’s $7.2 billion.
• Bonk Inu’s roller-coaster price trajectory has also inspired a non-fungible token (NFT) collection and induced a Solana price surge.

Dogecoin, Shiba Inu, and Bonk Inu have become the talk of the town over the past month. The three cryptocurrency tokens have seen an unprecedented surge in trading volume, with the trio combining for an impressive $25.6 billion in monthly trading volume.

Dogecoin has been leading the pack, accounting for $17.5 billion in trading volume in the same period. This comes as no surprise, as Dogecoin has been at the forefront of the cryptocurrency boom and has been steadily gaining traction since it first launched in 2013. Its popularity has led to numerous partnerships and collaborations, most notably with the NBA’s Dallas Mavericks and Tesla CEO Elon Musk.

Meanwhile, Shiba Inu has been steadily gaining popularity as well, with the token seeing $7.2 billion in trading volume over the same period. Shiba Inu is an Ethereum-based token that was launched with the goal of becoming the „Dogecoin Killer,“ and it has certainly come a long way since its launch in 2020. The token has seen numerous developments and partnerships, including with the NBA’s Toronto Raptors and the world’s largest cryptocurrency exchange, Binance.

Lastly, Bonk Inu has also seen a surge in trading volume in the past month, having done $885 million in trading volume since its December 25th launch. Bonk Inu is a Solana-based token that has been on a wild ride since its launch. The token’s roller-coaster price trajectory has inspired a non-fungible token (NFT) collection, and its popularity has induced a Solana price surge.

It is clear to see that canine-inspired tokens have become very popular within the cryptocurrency space, and it will be interesting to see where they go in the coming months. With the amount of trading volume they have seen in the past month, it is safe to say that these tokens are here to stay.

• Japan is pushing for global regulations of the cryptocurrency industry on the International Financial Stability Board.
• Japanese financial regulators have urged their counterparts globally to toughen crypto regulations.
• The Japanese regulator is communicating closely with FTX Japan and the firm will resume withdrawals in February.

Japan is pushing for global regulations of the cryptocurrency industry as the country’s financial regulators have urged their counterparts around the world to toughen crypto regulations. According to a Bloomberg report, the Deputy Director-General of the Financial Services Agency’s Strategy Development and Management Bureau, Mamoru Yanase, spoke about FTX Japan and its current situation.

Last week, the Delaware Bankruptcy court handling the FTX Bankruptcy case agreed to the sale of FTX Japan and three other assets. Following this, 41 companies showed interest in the sale, including Monex. Monex CEO, Oki Matsumoto, believes buying FTX Japan will reduce the competition in the local market. Yanase noted that the FTX subsidiary’s assets have been separated from the rest of FTX, and the Japanese regulator is communicating closely with FTX Japan. It was also announced that the firm will resume withdrawals in February.

When discussing what tougher crypto regulations will look like, Yanase stressed that the problem isn’t with cryptocurrencies themselves, but with their trading. He pointed out that the Japanese regulator is focused on preventing the misappropriation of customers’ funds and other illegal activities. He added that a more stringent regulatory framework is needed to ensure that exchanges are subject to the same rules as traditional financial institutions.

Japan is also using its position on the International Financial Stability Board to push for global regulations of the cryptocurrency industry as it seeks to protect investors and consumers alike. With tighter regulations, the country hopes to create a more secure and transparent environment for the industry to thrive.