Monat: Februar 2022

Astra Protocol, a cutting-edge legal and compliance layer that brings unmatched assurance to public blockchains, announced that it has set up a Compliance Hub in The Sandbox virtual world, CoinJournal learned from a press release.

The new Compliance Hub will equip metaverse users with a decentralized compliance layer, including Anti-Money-Laundering (AML) and Know-Your-Customer (KYC) capabilities.

Making the metaverse safer for all

With its new Compliance Hub, Astra aims to make the emerging metaverse frontier safer for all participants. The layer resolves on-chain compliance issues using the expertise of trusted legal firms and its patented technology.

Astra has created a unique DLN (Decentralized Legal Network) comprised of all major, global audit and legal firms to make the best KYC/AML services available. The DLN incorporates jurisdictions in almost 200 countries, making sure regulations can be met almost anywhere in the world.

Users can connect to Hub’s DLN, gain accreditation, and more

A wide variety of options are available to metaverse users: connecting to the Compliance Hub’s DLN, obtaining accreditation, and receiving a non-transferrable NFT. The NFT will provide privileged access to otherwise inaccessible special events.

Following user verification, it’s possible to take part in any metaverse event you want without worrying about identity compromise. Astra’s services protect users from malicious or harmful accounts while solving identity issues.

Jez Ali, the founder of Astra Protocol, said:

We are delighted to announce the Astra Protocol’s entry into the metaverse with our first plot in The Sandbox. The future of metaverse development will be a long-lasting and innovative mission which has already shown incredible growth and is an exciting area of Web3. By deploying the first Compliance Hub in the metaverse, we can support this growth by adding a layer of protection for users across the world.

Astra Protocol chose The Sandbox to launch its Compliance Hub because of its fun and desirable locations. The majority of metaverse users turn to The Sandbox for new immersive experiences and ways to interact.

Competition for The Sandbox locations is cutthroat with only 166,464 individual plots of land available.

The post Astra Protocol guarantees identity protection to The Sandbox users appeared first on Coin Journal.

• XRP was last positive in mid-December, Santiment says as they predict a potential upswing for the cryptocurrency.

• The MVRV ratios for other altcoins like Aave, Uniswap and Compound point to a possible upswing.

Hunting for bargain buys? Looking at the market value to realized value (MVRV) ratio can be a good starting point, Santiment says in its weekly outlook.

“MVRV is a great metric to gauge how deep traders are into pain or euphoria zones,” the firm wrote.

Considering “how much pain” traders have endured over the short-term to long-term timeframes helps to get a clearer picture of opportunities that may lie.

Analysts at the platform have zeroed in on some of the coins likely to be excellent buys.

6 altcoins that could offer a great ‚buy the dip‘ opportunity

Santiment, an on-chain analytics platform tracking the technical and fundamental outlook of most cryptocurrencies, says the above altcoins are among those likely to offer a buying opportunity.

An analysis of the coins, the platform points out, shows they are underbought at the moment and could therefore be an opportunity to those seeking a fresh “buy low” entry point.

XRP

Santiment says XRP’s MVRV is at “its most negative average” level since the end of June last year. According to the firm, XRP last traded in the green on this metric in mid-December and is thus one of the altcoins likely to see a major upswing.

Uniswap (UNI)

Santiment is also positive about Uniswap (UNI), noting in its report that the 30th ranked crypto asset (by market cap) is also posting an average MVRV at its lowest level ever.

The UNI/USD pair is up 6% on the day and Santiment projects a new rally for the markets could see this altcoin recover to recent highs.

Aave (AAVE), Compound (COMP) The Graph (GRT) and Loopring (LRC)

Santiment says traders could reap big from these four other altcoins, which the platform notes have an outlook similar to XRP and Uniswap. The tokens are Aave (AAVE), Compound (COMP), The Graph (GRT), and Loopring (LRC).

Santiment’s average MVRV data shows all these altcoins are in the negative, sitting near all-time lows.

Altcoins bouncing higher

Most cryptocurrencies had a January to forget, with monthly losses reaching into double digits as sell-off pressure intensified across crypto and traditional financial markets.

Several crypto assets have however bounced higher over the past 24 hours as they recoup some of the losses suffered in January. Ethereum (ETH), Solana (SOL), Polkadot (DOT), and Terra (LUNA) are all seeing double-digit gains on the day, while Bitcoin has jumped 7% as bulls eye a break above $39,000.

XRP Network (XRP), Uniswap (UNI) and Aave (AAVE) are also up, with XRP and UNI both 6% in the green and AAVE 11.7% higher. Gains for these coins could see them break above key barriers as the broader market catches a breather.

The post 6 altcoins to watch for a buying opportunity including XRP, UNI, and AAVE: Santiment appeared first on Coin Journal.