Astar(ASTR)

Bitcoin NFT inscription activity continues to rise and the launch of new BTC specific marketplaces could lay the groundwork for the next hype cycle.

[PRESS RELEASE – Istanbul, Turkey, 23rd March 2023] ASTROON is an innovative crypto project that aims to offer a unique and exciting experience for crypto enthusiasts. The project combines animated films, NFTs, and a utility token to create an immersive and interactive entertainment experience for users. The project’s vision is to create an enchanted journey […]

It has emerged that some Binance employees and trained volunteers are helping users based in China to circumvent the country’s KYC (Know Your Customer) requirements. The message was first picked up from messages circulating in a Telegram group and a Binance-controlled Discord server. A Dedicated Volunteer Group? Binance is currently the world’s largest cryptocurrency exchange by transaction volume, processing over $9 trillion worth of trades in 2021 alone. However, the exchange is not supposed to operate in certain areas and countries, with one such country being China, which banned crypto outright in 2021. Binance founder Changpeng Zhao has often called the exchange’s KYC norms a billion-dollar effort, stopping those users that are not supposed to be on the platform. However, it has emerged that Chinese citizens and others around the world have been able to circumvent these restrictions, hiding their country of residence and accessing the platform. According to reports, this has been made possible thanks to some Binance employees and trained volunteers that have been helping these users. The reports cited messages from a Discord server and Telegram group to back their claims. Participants of the group, also called “Angels,” often share techniques to forge bank documents, falsify addresses, and hide the user’s country of origin. This allowed users in restricted countries, such as China, to bypass KYC norms and controls and access a Binance debit card. China had banned crypto exchanges in 2017 and banned cryptocurrencies outright in 2021. Speaking about the reports, a Binance spokesperson stated, “Binance employees are explicitly forbidden from suggesting or supporting users in circumventing their local laws and regulatory policies, and would be immediately dismissed or audited if found to have violated those policies.” Are Binance’s KYC Protocols Secure? According to the report, the two groups in question had over 220,000 registered users. The groups can be accessed by anyone who has registered and joined. No controls were placed on who could access the group until late March. The techniques shown in these groups showed users how to forge bank documents and offer false addresses. Other techniques involved the simple manipulation of the exchange systems. Volunteers also shared video guides showing users how to obtain a Binance debit card, effectively turning their Binance account into a regular checking account. These techniques put a dark cloud over the effectiveness of Binance’s KYC and anti-money laundering efforts. For entities such as Binance, anti-money laundering efforts are critical to ensure that customers are not engaging in any illegal activities. However, many experts in financial regulation have shared their concerns, stating that the exchange’s KYC and AML requirements can easily be subverted. Far-Reaching Consequences These developments could have far-reaching consequences for national security that extend far beyond China. Former FDIC chief innovation officer and Duke University Professor, Sultan Meghji, summed up the concerns, stating, “If I had an eight out of 10 concern about Binance from a regulatory perspective and from a national security perspective, this takes it to a 10 out of 10.” He further added that these concerns extend far beyond just China, stating, “I think explicitly about the national security implications of how terrorists, criminals, money launderers, cyber people in North Korea, Russian oligarchs, et cetera, could use this to get access to this infrastructure.” Jim Richards, anti-money laundering executive at Wells Fargo, echoed the sentiment, stating that techniques used to bypass Binance’s KYC controls could have further ramifications, raising the specter of North Korea, Russia, and Iran. A Binance executive, responding to the report, stated that the exchange had taken actions against employees found violating internal policies. “We have taken action against employees who may have violated our internal policies, including wrongly soliciting or making recommendations that are not allowed or in line with our standards. We have strict policies requiring all users to pass KYC by providing us with their country of residence and other personal identification information.” Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

After Biden's infrastructure bill muddied the waters surrounding cryptocurrency “brokers”, a congressman’s new bill seeks to set the record straight.

PALO ALTO, California, 23rd March, 2023, ChainwireUpland, the metaverse super app mapped to the real world, is partnering with the EOS Network Foundation, a community-led, not-for-profit organization that coordinates public-goods funding and support to encourage the growth of the EOS Network, to launch Upland’s second hackathon where web2 and web3 developers are invited to bring new games and experiences leveraging Upland assets. As the only metaverse mapped to the real world, developers are able to create experiences that leverage unique characteristics of the Upland ecosystem, which include geo-specific context and assets like FIFA Women’s World Cup Australia and New Zealand 2023™ Legits, to the largest growing web3 community.Web3 gaming coupled with metaverse experiences, will transform the way people play, interact and socialize. This year’s Upland Hackathon is designed to empower developers to create unique, immersive, and community-driven experiences that drive increased engagement in the metaverse. Developers are invited to participate in one of three tracks: 1. Metaverse Innovation Track; 2. FIFA Women World Cup 2023 (FWWC23) Track, and 3. Design Track. with the best ideas earning financial prizes and the chance to enter Upland’s post-hackathon incubator.Upland is one of the most popular and fastest-growing metaverses utilizing blockchain technology. Upland is the Earth’s metaverse, spread across dozens of global cities that have been mapped to the real world and are accessible via the Web, iOS, and Android. “After a successful first round in 2022, we are thrilled to be hosting our 2nd hackathon for web2 and web3 developers alike to leverage our tools to create new experiences in the Upland metaverse,” says Idan Zuckerman, Co-Founder and Co-CEO of Upland. “As part of our mission to build the first Metaverse Super App, the main topics of this hackathon will have developer teams leverage web3 concepts by integrating games and experiences with the Upland platform to drive engagement and adoption in new innovative ways”This year’s Hackathon event will encompass three unique tracks, each contextual to the Upland ecosystem, community and economy. Developers, designers, artists, gamers, and blockchain enthusiasts will be provided with the tools, support, and inspiration to bring their Web3 game ideas to life. Utilizing Upland’s simple Rest APIs, participants will have a chance to put themselves on its virtual map.The Upland 2023 Metaverse Super App Hackathon’s panel will consist of four judges, including representatives from Upland, FIFA, and the EOS Network Foundation. Each project submission will be rated for the quality of each pitch and its prototype, its use of Upland’s 3rd-party development tools, its team’s composition and diversity, business feasibility, and fulfillment of the Hackathon’s mission statement. "We are very excited about this opportunity to meet and collaborate with some of the brightest metaverse developers today," said Yves La Rose, Founder and CEO of the EOS Network Foundation. "EOS has made GameFi a cornerstone of its ecosystem development, and Upland is one of its biggest success stories so far. Upland chose to build on EOS because it's one of the most robust and scalable networks of all, with an extremely diverse and talented pool of developers. Now we'll get the chance to see what those developers can do, and we're extremely enthusiastic about helping them bring their ideas to life."The FIFA Women’s World Cup Track builds on Upland’s status as FIFA’s official metaverse partner and provides a unique opportunity for developers to build games and experiences that utilize Upland’s third-party SDK alongside FIFA NFTs in Upland. Developers are tasked with creating unique games or gamified experiences leveraging FIFA Legits and Upland assets, with the winning project set to be showcased in the FIFA World Cup Village in Upland.In the competitive Design Track, Upland is inviting creators to design a 3D asset that will serve as the trophy for the World of Football eSports tournament. In World of Football players compete in live football matches taking place in the Upland metaverse.Finally, the Innovation Track invites developers to submit community-focused Web3 games or experiences that bring people together to play, socialize and share value. This is a flexible track where developers can leverage Upland’s developer tools, to create almost any kind of game or experience they believe has the potential to become an Upland metaverse hit.Participants of the FIFA Women’s World Cup and Innovation Tracks will compete for Grand Prizes worth $10,000, with $5,000 going to the runners-up of each track. Meanwhile, the winner of the Design Track will be awarded 2 million Upland UPX tokens. Both the Grand Prize and Runner-up Prize winners will also be invited to join Upland’s post-hackathon incubator.The Hackathon will begin with a kick-off party with OnePiece Labs followed by its official launch at GDC on March 22. Teams have until May 12 to register for the Hackathon, with May 26 being the deadline for submissions. Finalist selection will occur on May 28, with the final presentation and awards show taking place during Upland’s annual Genesis Week Conference at the Sahara Casino and Resort in Las Vegas on June 9.About UplandUpland is an open web3 platform for the metaverse mapped to the real world. The company’s mission is to build one of the leading and most dynamic maker-communities through a strong entrepreneur economy that allows players, creators, developers, and brands to manufacture goods and experiences, monetize assets, and provide utility and fun to other players. Headquartered in Silicon Valley with hubs in Las Vegas, Ukraine, and Brazil, Upland was named among Fast Company’s “Next Big Things in Tech” in 2021 and one of “22 San Francisco Startups To Watch in 2022” by Built In SF. Upland is committed to becoming carbon negative and is a proud partner of Carbonfuture. For more information about our sustainability commitment visit https://www.upland.me/sustainability. Upland is available on iOS, Android and the Web, and can be played from anywhere in the world.About EOS Network FoundationThe EOS Network Foundation (ENF) is a not-for-profit organization that coordinates financial and non-financial support to encourage the growth and development of the EOS Network. EOS is the native token of the EOS Network, which launched in 2018. The EOS Network provides a world-class, robust, smart contract functionality that enables developers to build the best-in-class decentralized applications (dApps) easily, facilitating the open web of the future and, in so doing, powering the Web3 economy. The ENF is the hub of the EOS Network, uniquely suited for NFT, GameFi, DeFi, and enterprise applications. The organization is committed to unlocking the full potential of the EOS blockchain to drive innovation, create new possibilities, and empower individuals and communities.About EOSThe EOS Network is a 3rd generation blockchain platform powered by the EOS VM, a low-latency, highly performant, and extensible WebAssembly engine. Purpose-built for enabling optimal Web3 user and developer experiences, EOS is a go-to Layer-1 network for developers looking to build blockchain-based games (GameFi), deploy decentralized applications (dApps), and create digital assets such as NFTs. EOS benefits from a multi-chain collaboration of blockchains built upon the Antelope framework using Antelope Inter-Blockchain Communication (IBC). EOS drives public goods funding for free and open source tools and infrastructure through the EOS Network Foundation (ENF).ContactLindsay Anne [email protected]

As people flee the banking system into Bitcoin, even the U.S. President is attempting to besmirch the world’s most popular cryptocurrency. In the recently released annual Economic Report of the President, Bitcoin was given some rough treatment. It was mentioned no less than 75 times in the report, and was compared extremely unfavourably with the U.S. government’s choice of a central bank digital currency (CBDC). What does crypto do? The report did include a section on how Bitcoin works and stated that Bitcoin came about as “something of a repudiation of the existing financial intermediaries that caused the crisis” (Great financial crisis). Then follows what is perceived by the report to be “claims” on what Bitcoin can do. This is set down as: Crypto Assets Could Be Investment Vehicles Cryptocurrencies Could Offer Money-like Functions without Relying on a Single Authority Crypto Assets Could Enable Fast Digital Payments Crypto Assets Could Increase Financial Inclusion Crypto Assets Could Improve the United States’ Current Financial Technology Infrastructure The reality of crypto Next is what the report calls The Reality Of Crypto Assets”. Here it attempts to debunk the earlier “claims” of cryptocurrencies. It starts by stating that “crypto assets are mostly speculative investment vehicles”, calling them “volatile” and therefore “highly risky”. The report authors call into question cryptocurrency as “money”, and declare that cryptocurrencies “generally do not perform all the functions of money as effectively as sovereign money” (e.g. US dollar). “Run risk” Stablecoins are also maligned in that they are said to be “subject to run risk”. This does seem a little rich considering the current environment of impending bank runs, which has only been averted for the time being due to the sheer amount of currency that has been thrown at the problem by the Federal Reserve and other central banks. No mention either of how the general public will pick up the tab through severe dilution of fiat currencies that rob people of purchasing power. Fraud, Blockchain, and CBDCs Next is the assertion that “crypto assets can be harmful to consumers and investors”, stating that many of the participants in the crypto sector do not comply with existing laws and regulations. Crypto “fraudsters” are singled out, such as BitConnect and FTX, and explanations are given as to how their frauds were carried out. A section on how Distributed Ledger Technology (DLT) and Blockchain are just glorified databases comes next, and then all the “other risks” of digital assets that the report’s authors could think of. The report then gets on to eulogising on how a central bank digital currency (CBDC) can “realise the benefits that crypto asset developers have promised”. Fully fledged attack on crypto The publishing of such a report leaves no one in any doubt as to the Biden Administration’s stance on Bitcoin and cryptocurrencies. Operation Choke Point is very real, and it would appear that the government will go to any lengths in order to cut crypto off from the banking system and drive people out of cryptocurrencies. Perhaps what is being said here might fall on deaf ears, given that the vast majority of the population will very likely not read the report, but given some of the technical explanations it is probably aimed at the upper end of the population. It must have been more than slightly problematic to have released this report on the back of bank failures and the biggest currency printing spree since Covid, but with a banking meltdown potentially on the cards within the year, no time better than the present. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

A recent trademark filing reveals that the Japanese tech company Fujitsu is reportedly looking into offering crypto trading services. Licensing Attorney Unveils Fujitsu’s Crypto Interest The Japan-based tech company Fujitsu is looking into offering crypto trading services. The company has recently filed an application for trademarks covering a broad range of services related to banking, finance, and cryptocurrency. The information was shared by trademark attorney Michael Kondoudis, who specializes in NFT and metaverse licensing. Kondoudis revealed that the tech giant filed the application on March 16, and some of the financial services that it is seeking to license include money exchange, securities trading, insurance brokerage, tax planning, and cryptocurrency trading. On March 21, Kondoudis tweeted, “Is Fujitsu moving into banking, finance & crypto? The international tech co has filed a trademark application for exchanging money, securities trading, insurance brokerage, tax planning, [and] cryptocurrency trading.” Financial Insitutes And Their Crypto Adventures As a prominent technology company, it would make sense for Fujitsu to take the next step into cryptocurrency and other web3 technologies. The company had already announced its announced the creation of an Open Metaverse Infrastructure. Many other tech firms have decided to follow this course of action. However, Fujitsu’s position as the largest IT services provider in Japan just highlights further how quickly and expansively crypto is permeating into the businessworld. Digital finance and cryptocurrencies have become an intrinsic part of the entire umbrella of technological innovation. If crypto services are actually offered on this platform, it could impact the established players in the industry and shake up the landscape of the financial services industry. Crypto Vs. Quantum Computing There is another interesting angle to this story. Turns out that the company had already been dabbling in quantum computing. As per reports, Fujitsu had been working alongside Riken, which is the country’s biggest research institute, to develop Japan’s first quantum computer. This is at odds with the company’s crypto ambitions as there are implications that quantum computers could affect cryptocurrencies like Bitcoin in a negative way. For example, quantum computing could enable hacking of asymmetric encrypptoon and break into Bitcoin wallets. In fact, this negative application of quantum computing has been researched upon by a team of scientists at Sussex University, who concluded that the technology could be used to decode the SHA-256 cryptographic algorithm and ultimately affect the impenetrability of the Bitcoin network in the next decade. Therefore the question remains - why would Fujitsu invest in two such technologies, where one has such negative implications for the other? Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Over the past 12 months, the financial markets, including the crypto and traditional finance sectors, encountered a series of catastrophic failures that left many investors scratching their heads and counting losses. For instance, more than $650 billion was wiped off the crypto market following the collapse of Terra/LUNA in May and the bankruptcy of the […]

Crypto Finance will provide Apex with the digital infrastructure needed to issue structured investment products.

Since announcing it wants to become the next global crypto hub, crypto firms have been jumping at the opportunity to set up shop in Hong Kong. The city also announced that its regulatory framework would take effect in June 2023. Hong Kong announced in October 2022 that it intends to become the next global crypto and financial hub. The city said it would introduce a regulatory framework that would attract crypto firms to its shores, and crypto firms have been lining up to do so. During a speech on March 20, Christian Hui, the Secretary for Financial Services and the Treasury, revealed that more than 80 foreign and Mainland China crypto firms had expressed their interest in establishing offices in Hong Kong and obtaining local licenses. Hui said: As of end-February 2023, Invest Hong Kong has received expressions of interest from over 80 virtual asset-related Mainland and foreign companies in establishing their presence in Hong Kong. These companies included VA exchanges, blockchain infrastructure companies, blockchain network security companies, virtual currency wallets and payment companies, as well as other projects on building the Web3 ecosystem. The city announced that it would introduce legislation tailored to regulate the crypto space as it does traditional finance. An amended regulatory framework would be almost identical to that which applies to traditional institutions in the financial services industry. Secretary Hui said that the regulations planned since last year to establish a licensing regime for virtual asset service providers take effect in June. He added: Through the establishment of a comprehensive and clear regulatory system, we are expecting more quality VA enterprises to set up businesses in Hong Kong or to seek development opportunities in Hong Kong. Hui concluded his speech by saying: While the Government will strive to cultivate a Web3-friendly environment for the industry to thrive, we also count on all of you to make best use of your expertise and develop in Hong Kong. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The Securities and Exchange Commission has served a subpoena on the Sushi DAO and its Head Chef Jared Grey. SEC after a DEX scalp The SEC is continuing its enforcement push on crypto, targeting some of the more important infrastructure in the crypto ecosystem. Crypto exchanges are certainly that, and decentralised exchanges (DEXes) are likely to be far more difficult for the SEC to attack than centralised exchanges (CEXes) However, the SEC has obviously decided that it has a good chance to score an enforcement victory here, and if successful may use the case for further DEX enforcements in the future. Sushi DAO votes on defence fund Sushiswap has now become a decentralised autonomous organisation (DAO) and so all important matters are decided by a community vote. Therefore a vote has gone up on the Sushi forum, with the goal of establishing a legal defence fund. If approved this will enable core contributors (who the SEC are going after) to be able to cover their legal expenses. The Sushi DAO Legal Defence Fund aims to provide reasonable expenses for attorney fees and costs, and the voting proposition recommends that the value of $3 million be made available to this end. The proposition lays out that the funds should come from a combination of 3 areas. These are Kanpai fees (50%), grants (35%), and Sushi TWAP market sells (15%). As at time of going to press, the vote has been in operation just one hour and only 15 respondents have voted, giving a 93% in favour of the fund so far. A troubled past Sushiswap is a spin-off from Uniswap, but after initial success it has now dropped to become the 16th biggest DEX by trading volume according to Coinmarketcap. It has had its problems in the past, with its creator and former Head Chef Nomi draining more than $14 million in $ETH from the protocol. However, he later thought better of his act and returned all the funds to the Sushi treasury. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Bware Labs is a blockchain infrastructure provider that was founded in 2021 with the purpose of contributing to the rise of a truly decentralized Web3 ecosystem. The company was born out of a frustration with the current state of the market, which relies heavily on centralized platforms, which are controlled by a handful of centralized institutions, creating a single point of failure, thus compromising the security and privacy of users. The founders of Bware Labs recognized that this was not the picture of Web3 that they had in mind, and decided to take action. They saw an opportunity to provide an alternative infrastructure that prioritizes decentralization, security, and accessibility and they set out to build a decentralized platform that could serve as a backbone for the next generation of dApps, without relying on a centralized authority. This is how Blast came to life. Blast is a multichain, subscription-based, API platform which was built and launched in under a year, and since its release at the beginning of 2022 it has reached 4k weekly active users, 100+ enterprise customers, it supports over 40 networks and it has well surpassed 100 billion total API calls. By delivering a high-tech proprietary solution for proxying and routing user requests, Blast achieves best-in-industry response times and top-notch reliability. Knocking down milestone after milestone, Bware Labs expanded well over the API business, and is aiming to become a one-stop shop for all the tools the Web3 players need, servicing not only builders, but also enterprises, blockchains and App Chains. As firm believers in the idea that decentralization implies cooperation, on the validator services side we kept on adding new projects in our portfolio, expanding the total of projects to more than 20 and reaching a TVL of more than $300 million. Somebody stop us! But, there’s more. We now offer a full range of services for Avalanche Subnets and Polygon Supernets, custom indexing services on the Klaytn Network, snapshot services for Aptos, XPLA, Persistence, OKP4, Nolus and Uptick, and faucet services. Additionally, we are bridge operators for Avalanche, deBridge, Axelar, Connext, and Beamer, and last, but not least, our team grew bigger and stronger to reach over 40 talented individuals. Bware Labs repositions itself to be a one-stop shop complete solution provider for boosting blockchain adoption. Following the success in business development and product development, Bware Labs is changing its mission into becoming a vehicle for boosting blockchain adoption and supporting Web3 builders from development to production, release, and beyond. We envision an environment where all Web3 developers have access to reliable decentralized infrastructure and highly performant blockchain development tools, therefore we are determined to create an all-encompassing ecosystem that will support Web3 builders throughout their entire blockchain journey. Bware Labs aims to play a decisive role in worldwide blockchain adoption and will thrive to become the one-stop shop that enables builders to explore the entire blockchain galaxy. “We can say that Bware Labs is powering up Web3. Each dApp that one develops needs access to the blockchain, so our platform is like a base layer for each application. The company works at a fundamental level to help Web3 thrive. This is how we see ourselves in the Web3 ecosystem.” says Flavian Manea, Co-founder and CEO of Bware Labs. If you believe in our cause too, then we invite you to join the Galactic Motorcycle Gang - our way of revving up the engines while BUIDLing and having fun. The GM Gang is a collective of builders, traders, creators, investors, developers, prospects and anybody else who believes in the bright future of our industry. We have confidence that our gang will evolve into a powerful entity that demands recognition in the Web3 realm. It has been a wild ride and we have just started in our mission of building an ecosystem that supports developers every step of the way. We are preparing more tools and services for Web3 builders and activities for Web3 enthusiasts, so make sure you keep up to date with our channels, support us and give us feedback constantly! Check out our refreshed website and follow our socials for more insights! Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

[PRESS RELEASE – Please Read Disclaimer] Description: We are excited to present Bware Labs’ mission and vision, which will guide our continued efforts around tackling Web3 challenges and increasing its worldwide adoption. Bware Labs is a blockchain infrastructure provider founded in 2021 with the purpose of contributing to the rise of a truly decentralized Web3 […]

[PRESS RELEASE – Please Read Disclaimer] Through the partnership, users can take advantage of seamless entry into the Web3 ecosystem and participate in DeFi conveniently and safely March 7, 2023 – Stader, a leading infrastructure staking platform, has partnered with OKX Wallet to bring innovative staking solutions to the masses. OKX Wallet is a multi-platform, […]

Stardust, a leading Web3 game development platform, has announced a strategic partnership with Space and Time (SxT), a leader in decentralized data warehousing. The partnership aims to provide game developers with scalable analytics for in-game activities and on-chain events, empowering them to build blockchain-based games powered by analytic insights. Space and Time's decentralized data warehouse will allow Stardust to offer developers comprehensive tools to focus on game building without the need to manage their infrastructure. Developers can leverage analytics against in-game activity to generate insights into what's happening in their games and create complex on-chain earning schemes for their players. The partnership is essential in abstracting away the complexity of blockchain infrastructure and enabling the mass adoption of Web3 gaming. Web3 gaming is the next big thing, and Stardust's fast, flexible, and secure developer platform enables developers to start building blockchain-based games with ease. Stardust provides no-code plug-and-play solutions, custodial wallets, and monetization tools for building on the blockchain, allowing developers to easily monetize in-game experiences, build immersive games on blockchain technology, and scale to millions of players. Stardust and Space and Time share a common goal of creating an on-ramp for developers to build on the blockchain. Space and Time packages a full suite of developer tools in a single decentralized deployment, providing developers with real-time, tamperproof indexed blockchain data, a hybrid transactional and analytic (HTAP) data warehouse, and a serverless API gateway for the simplified building of fully decentralized applications and faster dApp time-to-market. Space and Time's novel cryptography, Proof of SQL, allows smart contracts to run tamperproof queries directly, opening up a wealth of powerful use cases built on blockchain technology and a fully decentralized developer stack. The platform allows game developers to join real-time, tamperproof indexed blockchain data with off-chain game-generated data in a single query and connect the results back to smart contracts on-chain, dramatically reducing on-chain storage costs. "We are thrilled to partner with Stardust, a leading blockchain gaming development platform," said Nate Holiday, CEO and Co-Founder of Space and Time. "Space and Time is committed to providing essential next-generation infrastructure and developer tools to power the future of Web3 gaming." The partnership will unlock the full potential of blockchain gaming with fast, flexible, and secure developer tools. Stardust and Space and Time will co-host the Stardust Cantina Lounge Powered by Space and Time at the Game Developers Conference (GDC) in San Francisco, March 20-24. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Next-generation of securities, assets tokenization has been held back by lack of infrastructure, as well as regulatory standards worldwide according to BlackRock's Larry Fink.

Several data infrastructure and intelligence use cases take a decentralized approach to provide AI functionalities.

In a statement posted to Discord, co-founder Jordan Castro, aka Poopie, explained that the brand aims to be a leading media franchise.

March 16th, 2023 – Coinscribble / ThunderCore has partnered with Yield Guild Games Southeast Asia (YGG SEA), Southeast Asia's largest blockchain gaming guild, to launch a developer program that will tap into the growing demand for blockchain-based games and virtual worlds. The partnership is a manifesto of our commitments to bridge the South East Asia developer talent into Web3 and attract global Web3 talent into the region. It’s going to be a game-changer in the Web3 world of Southeast Asia. Partnership to boost SEA Web3 gaming development ThunderCore is a blockchain platform that provides a scalable and fast infrastructure for decentralized applications (DApps). YGG SEA, on the other hand, is a gaming guild that has evolved into a community driven ecosystem player, establishing strong grass roots presence, connecting and engaging a deep relationship with their community members in the SEA market. For developers, YGG SEA’s massive reach in the region and ThunderCore’s strong user retention skills offer the perfect tools to enter the SEA market as effectively as possible. The developer program is expected to help YGG SEA open opportunities beyond ‘just playing’ games to its community of gamers & creators within the metaverse; and at the same time, provide go-to-market access for ThunderCore and Blockchain game developers into the region. As YGG SEA continues to grow its user base in Southeast Asia, YGG SEA has partnered with over 80 games and has more than 175 K community members and deployed more than 20,000 scholarships to date. In line with YGG SEA efforts to be the friendly gateway into the metaverse for ANYONE, YGG SEA provides language specific support on its platform. It has a stellar track record of helping games establish market presence in SEA and features some of the biggest success stories in blockchain gaming to date. South East Asia is a key market for global economic growth and will be a key driver for Web3 community growth as pioneered in 2021/2022 by Axie Infinity, the region’s home-grown blockchain game. Thanks to its battle-tested fast and secure infrastructure, ThunderCore is perfectly positioned to support the development of high-performance Dapps required for blockchain gaming. It excels at acquiring and retaining new users, frequently clocking over 100,000 daily active users (DAU) according to DappRadar due to its entertainment-first approach to growing its ecosystem. This proven ecosystem retention mechanism will help developers retain users and build a strong community around their projects in the long term. Future Plans With its mission to create the biggest and most sustainable play-to-own (P2O) virtual economy focused on Southeast Asia, the partnership between ThunderCore and YGG SEA is expected to create a more diverse and vibrant game ecosystem in the region. Roger Hsu, CEO of ThunderCore, had the following to say: "Our YGG SEA partnership is an important step for ThunderCore as we expand our presence in the SEA market to help grow the blockchain gaming industry and create new opportunities for ourselves as well as developers, investors, and gamers in the region.” About ThunderCore ThunderCore is the only platform growing DApp users organically through ecosystem retention, which will be the key driving force behind the real mass adoption of blockchain. Its proof-of-stake (PoS) architecture, EVM compatibility, entertainment-first ethos, and deep developer support provide a battle-tested home for the next generation of crypto innovators across Web3, DeFi, NFTs, GameFi, and the metaverse. Thanks to its unique PaLa consensus mechanism, ThunderCore can handle 4,000+ TPS with sub-second confirmation times and ultra-low gas fees kept at a fraction of a cent. ThunderCore Token (TT), the chain’s popular native asset, can be stored in the feature-rich TT Wallet, together with other supported ecosystem assets. About YGG SEA YGG SEA is a gaming guild with a strong community presence in SouthEast Asia. The DAO (Decentralised Autonomous Organization) is YGG’s first guild partner (previously called as SubDAO) and its aim is to become the friendly face in onboarding anyone into the metaverse through gaming, education and providing access to yield earning opportunities in the metaverse. We believe blockchain technology is here to disrupt many aspects of lives and the biggest challenge for the entire ecosystem is ease of access. s part of the ecosystem, YGG SEA believes that gamification is the way to onboard the next billion users and that “playing” is everyone’s birthright. T YGG SEA alongside our ecosystem partners like Thundercore and game developers within this program wants to create opportunities for our communities to have a real job and impact within the metaverse. - Irene Umar, Co Founder of YGG SEA. Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

Source: Depositphotos DeFi infrastructure provider AllianceBlock is changing the dynamics for crypto startups seeking funding through a unique partnership with ABO Digital, the digital asset investment arm of Alpha Blue Ocean. The collaboration will enable crypto projects to seek alternative funding by issuing fully-compliant tokenized structured products to their financial backers. Until now, crypto projects have been limited in their financing options, and usually obtain liquidity by issuing tokens to market makers and early investors. AllianceBlock and ABO Digital will provide them with the ability to tokenize traditional financial instruments and wrap them up as traditional Actively Managed Certificates, or AMCs, which can then be offered to capital providers that don’t want to hold digital tokens. ABO Digital’s role in the partnership is to negotiate and structure financial instruments on behalf of crypto projects, based on their capital needs and liquidity requirements. AllianceBlock, meanwhile, will leverage its Nexera Protocol infrastructure and Nexera ID technology to tokenize these instruments as fully compliant AMCs. Investor’s capital will be locked into smart contracts, to be released only once the project’s minimum funding threshold has been achieved. Investors will then receive a traditional AMC that will be managed by AllianceBlock. The main advantage of this initiative is that traditionally risk-averse institutional investors now have a way to offer capital to promising crypto projects in a way that’s fully compliant. AMCs provide a different form of ownership that’s more palatable than owning digital tokens. AllianceBlock Chief Executive Rachid Ajaja said his company is offering institutional investors a compliant and less risky way to get involved in DeFi. “This partnership marks a significant milestone for both companies and the industry as a whole, demonstrating our commitment to innovation, compliance, and risk management,” he said. In addition to AMCs, AllianceBlock and ABO Digital said they will enable large crypto funds, private equity firms and others to issue capital in the shape of tokenized financial instruments such as bonds, options and shares. By tokenizing such instruments, the companies say they’ll be able to appeal to newer classes of investors. Asset tokenization is one of the most promising areas of DeFi, or decentralized finance, as it has the potential to transform how investments are made. As AllianceBlock explains, many real-world assets are traded in an extremely primitive way, with ownership certified on paper contracts. This results in higher costs and long transaction times, and makes it difficult to subdivide the ownership of many kinds of assets. Digital tokenization will enable fractional ownership of almost any kind of asset with lower costs, making them accessible to all types of investor, be it an institution or private individual. ABO Digital CEO Amine Nedjai said today's announcement will tempt more institutional capital providers to look at the evolving DeFi space. “We look forward to working with AllianceBlock and paving the way for a new era in finance, one that is both creative and professional,” he said. Going forward, AllianceBlock said it will work with ABO Digital to explore additional alternative financial investments for institutions using tokenization, as part of its mission to build a seamless gateway between the traditional and decentralized finance worlds.

National authorities took down the platform's infrastructure, seizing four servers and 7 terabytes of data.

JOMO is that "I-was-right-about-the-market" joyful feeling after narrowly escaping a bad trade and potentially catastrophic losses.

CoinDesk based its original March 7 story on a statement from Astra that said Republic purchased the tokens and that included a quote from a Republic executive. The statement was wrong, Republic says.

Kwenta, which uses Synthetix’s infrastructure for its perpetual product, has seen trading volumes surge in the past few weeks.