In January 2023, there will be several big events at once. Which may affect both the value of individual cryptocurrency and crypto market as a whole. Review by Crypto-Upvotes experts

COTI (COTI) – launch of DJED stablecoin

At the Cardano Cryptocurrency Summit in late November, COTI CEO Shahaf Bar-Geffen announced the launch of an algorithmic stablecoin, DJED. According to its developers’ plan, the stablecoin will go live in January after a thorough audit and will be linked to the U.S. dollar. DJED will be backed by Cardano’s base coin (ADA). And use the SHEN coin as a backup.

The DJED algorithm is based on a collateral ratio in the 400%-800% range for DJED and SHEN. This is necessary to ensure a sufficient number of ADAs in a pool. Agreements have already been signed with 40 partners and decentralized exchanges for fast and proper implementation. These projects will offer increased rewards to those who provide liquidity with DJED.

The developers also announced Djed Pay. It’s a payment app and crypto-gateway that allows merchants. As well as e-commerce platforms and non-profit organizations to accept DJED as payment.

Flux (FLUX) – FluxOS V3.30.0 release

Flux project developers announced that FluxOS V3.30.0 update will take place on January 2 on unit number 1288000. All owners of node validators need to update their software by January 3. The update will fix synchronization issues. As well as reconfigured prices for decentralized applications. And changes have been made to prepare for a future update.

Flux Network is a former ZelCash project that was launched in 2018 and rebranded in March 2021. The main goal of the project is to create a decentralized Internet. To achieve this goal, the Flux project aims to achieve the maximum distributed network.

The blockchain can be supported by anyone: either by running a validator node (node) or by running mining on a video card. Rewards are divided equally between nodes and miners. FluxOS is an operating system that allows the deployment of decentralized applications (dApps). ZelCore is a multicurrency cryptocurrency wallet supporting over 450 coins and 50,000 tokens.

Cryptocurrency Klaytn (KLAY) — hardfork Kore

On January 10, after finding block number 111,736,800, the update for the Baobab network will go into effect. And an update for the Cypress network is planned for March 2023. All of these updates are part of the larger Klaytn v1.10.0 release. After the update, the block bounty structure will change. As well as there will be new features for API interface, gas cost for some functions will change. More details about the update can be found on the project website.

Klaytn blockchain is a development of Korean Internet giant Kakao. The main network was launched in 2019. The project is aimed at corporate businesses that plan to launch their applications in the field of meta or GameFi. And it provides users with convenient access to blockchain. This cryptocurrency project with corporations such as Samsung, LG Electronics, and Union Bank.

Polkadot (DOT) – Hackathon

On January 25th another online hackathon by the Polkadot project will start. This time the event will be held in Europe. The previous ones were held in the Pacific and North American regions. Participants are invited to present their project in one of five categories. These are: Interface and Experience, Smart Contracts, Web 3.0 and Development, DeFi, NFT. In each of the categories, the prize money is $35,000. Then each finalist team will be paid $3k for their flight to Paris.

In addition to the main prize fund, Moonbeam, Zeitgeist and ICE will also be offering prizes. On March 22 the dotSocial event will be held in Paris. There, finalists will be able to present and talk about their projects on the main stage of the event. You can register and find out more information on the website of a hackathon.

The government-supported platform will conduct secondary trade in NFT and digital asset copyrights. Crypto-Upvotes expert review

China will launch its first regulated NFT trading platform on January 1, 2023. This was reported by Sina News. ” China Digital Asset Trading Platform ” will be a secondary marketplace for NFT. It is jointly created by state-owned China Technology Exchange and Art Exhibitions China. And a private company, Huban Digital Copyrights Ltd.

The new trading platform will focus on a national strategy to digitize culture. It will use blockchain and NFTs as the basis for technical support for the innovative development of the cultural industry and the preservation of cultural heritage.

NFT in China are called digital collectibles. In addition to these, the platform will also trade copyrights related to digital assets. Specific types of items that will be featured on the platform have not yet been determined.

Our experts note that according to Chinese laws, NFT cannot be purchased for cryptocurrency. At the end of September 2021, the People’s Bank of China banned cryptocurrency transactions. The use of digital assets for payments equates to illegal financial activity. NFTs are sold in China on closed regulated platforms.

Investments giants and other big brands are registering names in digital assets and metaverse. Crypto-Upvotes expert review

Fidelity Investments and HSBC Bank have filed U.S. trademark applications related to NFT and cryptocurrencies. This was announced by licensed trademark lawyer Michael Kondoudis.

Fidelity Investments, an American financial company founded in 1946. It has $9.6 trillion under management, serving more than 40 million investors. According to Condudis, the company has filed trademark applications related to NFT and NFT marketplaces. As well as cryptocurrency trading as well as metaverse and virtual real estate investment services.

The lawyer also said that the UK’s largest bank, HSBC, has applied for trademarks for its name in the field of NFT. As well as cryptocurrency exchanges and transactions, and digital asset transactions on credit cards.

Earlier in December, Mercedes Benz also filed trademark applications related to digital assets. And Las Vegas-based gaming and hospitality company Boyd Gaming as well as popular toy brand Hello Kitty.

Our experts note that in the first 11 months of 2022 in the U.S. have already been registered 5.3 thousand trademarks associated with metaverse and virtual assets for them. And a year earlier there were 1.9 thousand. 4.9 thousand cryptocurrency and digital asset services trademarks were registered until December this year, while there were only 3.5 thousand registrations for the whole of 2021.

The Guardian named former FTX CEO Sam Bankman-Fried and Telsa owner Elon Musk as some of this year’s most failing tech CEOs

Founder of FTX Sam Bankman-Fried and the largest shareholder of Tesla, Elon Musk, became one of the baddest executives of technology companies this year. According to UK edition of The Guardian. In addition to them, the list of the worst tech company bosses also included the head of Meta Platforms, Mark Zuckerberg, and the head of Amazon, Jeff Bezos.

The Guardian notes that the last few decades have been quite successful for America’s top tech executives. But in 2022 the situation worsened. Social networking company Zuckerberg and Amazon Bezos laid off thousands of employees. And Elon Musk showed a truly impressive level of incompetence at Twitter . And Bankman-Fried became notorious for the catastrophic collapse of his exchange.

Zuckerberg’s stock plummeted $230 billion in one day in February of this year. Which was a national record. Nine months later, he told employees that he misjudged the situation and fired 11,000 people.

Jeff Bezos spent this year laying off thousands of people at Amazon. And was busy promoting his “favorite project,” the Alexa voice assistant. Bezos’ employees recently said Alexa was a “colossal failure.” And that project is now experiencing significant difficulties.

Elon Musk made the list of worst executives after his actions as Twitter’s CEO. Dismissals, imposing and reversing rules, blocking and unblocking. All of these have ruined his reputation as a competent manager. According to journalists, from the outside his actions look like a disaster, but Musk “shows every sign that he is enjoying himself.”

The list also includes former Twitter executive Parag Agarwal. And Elizabeth Holmes, the founder of the instant blood test device company Theranos. Earlier this year she was convicted of fraud and sentenced to 11 years in prison.

Our experts note that the last and one of the worst (on a par with Holmes) executives the publication calls Sam Bankman-Friede. And it is not surprising because just a few months ago his cryptocurrency exchange FTX was one of the largest in the industry, but it collapsed.

Cristiano Ronaldo will launch the first NFT collection in partnership with Binance by end of 2022

Football superstar Cristiano Ronaldo will release several NFT collections. Sportsman entered into a multiyear partnership with Binance exchange, according to a Binance blog. So a goal of this partnership would be to create digital collectibles and attract soccer fans to Web3 ecosystem. “Nothing is more important to me than the fans, so the idea of bringing unprecedented experiences and access through this platform is something that I wanted to be a part of” – says Ronaldo. “We are thrilled to provide his fans with exclusive engagement opportunities to connect with Ronaldo” – said Binance CEO “CZ”.

So the first collection, set to launch at the end of this year. Will feature NFTs with an original design developed by Binance in collaboration with Ronaldo. According to an exchange blog, through a series of NFT collections, Ronaldo will provide a unique experience for soccer fans from many countries. Binance does not disclose details about this partnership, we do not know pricing or other options for this NFT collection at this time. Cristiano Ronaldo already has experience with crypto projects. In 2019, he played for Italian Juventus Football Club, which launched token JUV, which gave fans the right to vote in a number of decisions.

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One of most popular platforms WeChat in China with more than 1.2 billion users imposes restrictions on content containing information about cryptocurrencies

WeChat, the largest messenger in China, has updated rules of use, forbidding placement of information about services or offers related to cryptocurrency or NFT.

Crypto-Upvotes team experts found out that information about issuing, trading and transactions with cryptocurrencies got under the ban. Also WeChat bans recommendations, links and guides on cryptocurrencies and NFTs. New rules also apply to accounts that provide advertising services for crypto projects in China.

If such information is detected, the platform will notify the user that the rules have been violated. WeChat gives a certain period of time for correction and restricts the functions of the account. If the user does not correct the information posted, the account will be blocked.

Advertising in China is still possible and our crypto marketing agency “Crypto-Upvotes” is working on this issue. Already now we can offer advertising of your project in popular Chinese Media and Weibo influencers. In the near future we will be able to offer billboard advertising in China.

But despite WeChat and other prohibitions in China, cryptocurrencies in China are very popular. Chinese investors take leading role in the world. We do articles in popular Chinese media. To order you need to provide us with text and a picture for your article. Our team will translate the texts into Chinese and prepare them for publication.

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