Crypto Market Overview March 21st | Dex-Trade

Crypto Market Overview March 21st | Dex-Trade

Guillaume Leti and Ramzi Laieb Launch Long-Awaited Carbonable

The joint startup of Guillaume Lety and Ramzi Laieb, which bears the capacious name Carbonable, has finally been launched and presented to the general public. The fresh project is based on the idea of combating global climate change by counteracting greenwashing and tracking carbon footprints to build a systematic approach to countering harmful and dangerous pollutants of the earth's atmosphere. Carbonable was released under the patronage of Starkware, which created the eponymous solution for scaling the Ethereum blockchain. This decision became the technological basis for launching a carbon-based crypto startup. Moreover, it is known that Starkware also invested in the development of the project, but specific amounts have not yet appeared in the reports. It is only known that the startup successfully closed the funding round and was able to raise $1.2 billion in a fairly short time. The fundraiser was managed by Ethereal Ventures and La Poste Ventures, who also became one of Carbonable's key investors supporting the company's mission to “close carbon credits and monitor their repayments.” In fact, we are talking about a project based on blockchain technology, which can really help reduce the intensity of pollution of the atmosphere of our planet and fix “malicious violators” of the established limits. Guillaume Lety insists that now is the time to change the attitude towards carbon projects, which were previously accused of being opaque and harmful. Perhaps blockchain can really change the general public's attitude towards carbon credits.

 

“Crash Landing” for the US Economy: David Rosenberg's Forecast

A well-known economic analyst, David Rosenberg, wrote a tweet in which he shared a graph of the current activity diffusion index of the US Federal Reserve System (Fed), in which the “naked eye” sees a massive collapse to -25. And next to the chart, an economics expert asked his followers to take a closer look at the chart and answer the question: “are we heading for a soft landing or not?” Naturally, a chart with a downtrend almost perpendicular to the horizon cannot speak of any “soft landing”. It is noteworthy that the Philadelphia department of the Fed, as well as one of the market strategists of the large Creative Planning asset manager, Charlie Bilello, managed to predict the current state of affairs and a powerful recession. Both of them noticed that since the late 60s of the last century, every time the index was -25 and below, the recession was either already “triumphant” or was "already on the threshold." By the way, such “alarmists” as Robert Kiyosaki and Michael Berry constantly talked about the current ”sad” state of affairs in the economy. However, everything turned out like in the famous parable about the boy who constantly shouted: “Wolves!” To date, the characteristics of a recession are leading some crypto influencers such as Peter Schiff, Balaji Srinivasan, and Charles Hoskinson to think that the digital asset market will be the only possible alternative to a massive economic crisis. And for the first time such ideas do not seem naive.

 

Ron DeSantis Goes on the Warpath With CBDC

Florida Gov. Ron DeSantis has introduced a fresh bill detailing his "concerns" about the use of the Central Bank Digital Currency (CBDC). According to DeSantis, the introduction of a digital economy, which will be completely controlled by the government, directly threatens the financial system itself and can significantly exacerbate current problems such as inflation. In fact, the new bill is a way of counteracting government “developments” that are not yet expected to be implemented at the federal level. Similar measures have already been taken in the spring of 2021 in Texas, and a little later in Wyoming. Such laws are largely based on the provisions of consumer protection legislation. For example, DeSantis says that the implementation of CBDC will completely destroy consumer privacy and give the state direct access to all payment data of citizens. In addition, the federalization of the CBDC may lead to the collapse of local financial institutions and, on the contrary, the monopolization of the financial environment in the hands of large companies. And this is an attempt on small and medium-sized businesses.