9M raised by Solana-based protocol to decentralize ridesharing According to the Decentralized Engineering Corporation, (DEC), the company behind TRIP, a Solana-based protocol that allows mobility-based applications, the ride-sharing industry is set for a paradigm shift. Web3 protocols will allow new companies and drivers to compete for rides using a matching algorithm. DEC states that riders and companies can join forces on the TRIP platform to compete in a common marketplace. It also gives customers and drivers a stake in the governance of the protocol, which rewards active participants. Teleport is the first service to go live on TRIP. It’s a decentralized ride-sharing app that will be launched by parent company DEC in December. Paul Bohm, CEO of DEC and Teleport cofounder, said that Web3 technology will compete with “closed platforms run corporate monopolies” to be replaced by decentralized protocols that can be open source, competitive and fair for all. Bohm said that additional funding would be used to “launch TRIP permanent in certain cities.” It will also assist the company with its decentralization milestone. TRIP riders can use a blockchain-based payment system to pay USD Coin ( USDC). Solana, fiat currencies, and USD Coin on Solana. Drivers will be able accept the stablecoin directly to their bank accounts, or have it deposited into a wallet. “By making ride-sharing a protocol, Teleport builds what Uber couldn’t build in 2010 and what Uber should be building now,” Ryan McKillen, an ex-Uber employee who was one of the investors that joined the seed round, said. Thursday Ventures was joined by 6th Man Ventures (6th Man Ventures), 305 Ventures, and Common Metal as additional investors. Similar: HTML3 is the solution for Uber’s problem regarding hackers According to Precedence Research, the market for ride-sharing will grow to $344.4 million by 2030. Statista data shows Uber is the most used ride-sharing app worldwide, with 93,000,000 people using it on a monthly basis.

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Bitcoin reaches $41.7K as Ethereum closes $3K Bitcoin ( BitcoinTC), saw an upbeat action during the Wall Street trading session of March 18, in line with predictions that higher levels would be retested. BTC/USD 1-hour candle charts (Bitstamp). Source: TradingView Placed bets on $46,000 Data from Cointelegraph Markets Pro, TradingView showed that BTC/USD rose $1650 from daily lows to almost matching the $41,700 high in March 16. This move buoyed traders who started to strengthen their short-term view that levels near the top Bitcoin’s 2022 trading range were being challenged. Pentoshi, a popular trader, said that such a result did not indicate that BTC/USD has ended its downtrend. “Macro headwinds are still too strong, but midterm I think we rally before any shot at new or prev lows. He stated that he leans towards the up and down imo late Q2 to followers on Twitter. Cold feet over micro conditions became a major concern this week, according to Cointelegraph. There were multiple predictions for a major drawdown in major assets, including BTC, this year. Matthew Hyland, an analyst, noted that support was increasingly being offered by the $40,000 resistance.
It appears that #Bitcoin used previous resistance ($40.3k), as new support in the last few days Lets see if continues to rally: pic.twitter.com/PkkVYZ1LCG Matthew Hyland (@MatthewHyland_). March 18, 2022
Crypto Ed had previously provided a near term forecast of $43,000 BTC/USD, before a potential new consolidation period and then an exit up or down. He showed them breaking out of the “bull flag” formation they had been in for several days in a later update. However, Ether ( ETH) was the more interesting focus of the day.
#BTC Patience is a virtue, but finally breaking out of that bull flag pic.twitter.com/tCH9kVt7W6 — Ed_NL (@Crypto_Ed_NL) March 18, 2022
Bitcoin was at $41,500 as of the writing. Volatility is still high. All aboard for the summer “altseason?” Altcoins: The top ten cryptocurrencies ranked by market capital saw varied movements in March 18. Similar: Bitcoin could experience a $37.5K weekend drop before a ‘bigger movement’ next week — report Avalanche ( AVAX), and ETH led the list. They each climbed over 5% within 24 hours. However, other tokens were generally flat. The ETH/USD traded at $3,000, up 15% in the last week. ETH/USD 1-day candle chart (Bitstamp). Source: TradingView These moves rekindled talk about “altseason”, with many commentators calling for a new golden age for altcoins in coming months. Popular Twitter account BTCFuel suggested that the Summer could be a peak in prices.
2/ I will be using charts of #Bitcoin, #Ethereum, and the dominance #altcoins from the various past altseasons to determine when the next #altseason peak will occur. By aligning them “correctly” structure-wise, I found this provisional target zone when the peak should happen pic.twitter.com/8H1MyPONiF — BTCfuel (@BTCfuel) March 17, 2022

Bitcoin (BTC) saw brisk upwards action during the Wall Street trading session on March 18, conforming...