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Autoria(AUT)

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5h agocryptopotato
Interpol Issues Red Notice for Terra’s Do Kwon (Report)
Despite claims that he is cooperating with authorities, Kwon was confirmed as MIA from his Singapore residence, where he was previously believed to be.
5h agocryptopotato
Gate Io Labs Invests in Magic Square, World’s First Crypto App Store
[PRESS RELEASE – Singapore, Singapore, 26th September 2022] Magic Square announced today that Gate.io Labs has made a strategic investment in the project, marking Gate.io’s ongoing efforts to support promising blockchain projects globally. With this investment, Magic Square will further bolster its digital presence across continents and build an authentic community worldwide as it builds […]
5h agocryptopotato
GameFi Platform BinaryX Launches Strategy Game CyberChess With $500K Prize Pool
[PRESS RELEASE – Singapore, Singapore, 23rd September 2022] BinaryX, a GameFi development platform, announced today the launch of CyberChess, one of the first free-to-play, play-and-earn auto chess strategy games in the P2E dominant GameFi space. CyberChess offers people on Web3.0 new entry points into the world of GameFi. $500,000 worth in BNX Prize Pool and […]
9h agocoindesk
Interpol Issues Red Notice for Do Kwon: Report
Kwon maintains that he is not on the run, but his location is unknown after Singapore authorities said he's not in the city-state.
18h agocryptopotato
IRS Moving on Crypto Holders Who Skip Taxes: 3 Things to Know
With the US authorities closing in on taxpaying obligations, here are three things to consider.
19h agocryptodaily
Estonia Issues First Crypto License to Crypto Service Provider
The Financial Intelligence Unit of Estonia has issued its first license to a cryptocurrency service provider under the country’s new regulatory framework that came into force in March 2022. Striga Technology Issued the First License Under New Crypto Regulatory Framework The Estonian Financial Intelligence Unit (FIU) this week announced that it had issued a license to Striga Technology OU to provide cryptocurrency services in the country: Striga Technology OÜ is the first entrepreneur, who is authorized for the first time to provide a virtual currency service since the amendments of the Money Laundering and Terrorist Financing Prevention Act entered into force on 15 March 2022. The FOI is an independent governmental agency under the jurisdiction of the Ministry of Finance with the goal of preventing money laundering and terrorist financing in the country. The firm which was issued the license is a subsidiary of Lastbit Inc. – a U.S. technology company. Under the previous, less stringent framework, the Estonian FIU said that 318 licenses had been issued to crypto service providers since the beginning of the year. The Money Laundering and Terrorist Financing Prevention Act, which became active in March, strengthened regulations against virtual asset providers (VASPs) while assuring customers and traders in the region that they would not be affected. The Ministry of Finance said: This means that the legislation does not contain any measures to ban customers from owning and trading virtual assets and does not in any way require customers to share their private keys with wallets. The just of the new law is that it requires VASPs to provide identities for their customer, but not private keys. Should a VASP not be able to provide identification, the provider is expected to “implement real-time risk analysis.” The legislation also amends those who are capable of obtaining approval to operate in the country as a VASP. The Ministry of Finance added: Under new rules, the Financial Intelligence Unit can decline a license where the entity does not have any business operations in Estonia nor has any apparent connection to Estonia. Finally, one of the most stringent requirements of VASPs under the new legislation is the addition of capital requirements, which makes it much more difficult for smaller companies to obtain approval to operate within Estonia. VASPs will be required to have a minimum of 125,000 or 350,000 euros of share capital, depending on the type of service offered, increased from the current floor of 12,000 euros, the Ministry of Finance concluded. 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.
1 day agocryptodaily
Crypto Weekly Roundup: Vasil Upgrade, Kraken CEO Resigns And More
The Cardano platform added smart contract functionality in September last year. Now with the much-awaited Vasil upgrade, the system will deliver significantly faster transaction times to users. Let’s find out more. DeFi GitHub has announced that it has reversed a complete ban on Tornado Cash, indicating that code repositories for the Ethereum-based mixer have been relisted on the site. Altcoins After months of delays, the Vasil upgrade finally went live on the Cardano network. Robinhood announced that it had adopted the first stablecoin into its trading platform - USD Coin (USDC). As a result, users will be able to trade the stablecoin or hold on to it on the aforementioned trading platform. The United State’s oldest dictionary publisher, Merriam-Webster, has added a fresh batch of terms, including “Altcoin,” “Metaverse,” and “Unbanked,” to its lexicon in a nod to crypto. Technology Crypto wireless network Helium is officially ditching its own blockchain and moving to the Solana blockchain after a community vote. As the threat of quantum attacks on crypto comes closer to materializing, how ready is the industry for such an event? Will crypto be able to resist such an attack? Business The U.S. Internal Revenue Service (IRS) has been granted the authority to issue a “John Doe” summons to New York-based M.Y. Safra Bank. Jesse Powell, an early Bitcoin-backer and one of the co-founders of the Kraken crypto exchange, has stepped down from his position of Chief Executive Officer. At the recent Mainnet 2022 Summit, crypto intelligence service provider Messari announced that it had secured $35 million in its Series B funding round. According to reports, Sam Bankman-Fried led FTX and Binance are leading the race to acquire bankrupt crypto lender Voyager Digital and its associated assets. Despite the low interest in the crypto market right now, the banking giant JPMorgan has proclaimed that it will continue providing crypto services. Crypto trading firm Alameda Research will be paying back the $200 million it owes to bankrupt crypto lender Voyager Digital. The incoming CEO for cryptocurrency exchange Kraken, Dave Ripley, said on Thursday that his exchange had no plans to register with the SEC as a market intermediary. The United Kingdom has introduced a new law that can seize, freeze, and recover cryptocurrencies, to combat criminal activities. India’s 30% crypto tax and Pakistan’s struggles for financial aid have resulted in a brain drain from these two countries, leaving them both unable to leverage the positive crypto adoption happening in the rest of Asia. Governor Jared Polis has announced that Colorado has become the first state in the United States to accept cryptocurrencies for payment of taxes. Ripple Labs and the SEC have both filed motions for a summary judgment, arguing that the judge overseeing the case has enough information to make a ruling. Leading NFT marketplace OpenSea has announced that it will integrate Ethereum scaling solution Arbitrum, thus adding it to the list of other prominent networks on the OpenSea marketplace, alongside Solana, Ethereum, Polygon, and Klaytn. 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.
1 day agocryptodaily
Space MMOs venture into the world of NFTs
Ever since Johannes Kepler and Jules Verne invented the space genre it has kept expanding the frontiers of our imaginations. In recent decades it has expanded into computer games, MMO games, and now into the world of NFTs and the metaverse. Players can create their own characters and stories, leading rebellions against whole worlds or fighting aliens on the fringes of the galaxy. But not all that shimmers is dilithium. Some NFT games promise a new frontier but so far have delivered little more than stardust. "The real challenge and the real opportunity is keeping our focus on gameplay … , when we start to forget about making great games and start thinking about games as a vehicle or an opportunity for something else, that's when we stray a little bit further from the path", Sid Meier, founder of the Civilization game franchise. Space Economics Space MMO games like Eve Online, Elite Dangerous, and the sprawling Star Citizen have created vast open galactic systems in virtual space. Players can fly and customize spacecraft, band together to fight wars, search for alien artifacts, and explore deep space. Most of these MMOs have game economies but with varying levels of detail. Most allow you to buy and sell spacecraft. Others like Star Wars: The Old Republic and Eve Online allow you to buy buildings and even planets. In 2010, an asteroid cum nightclub in the Entropia Universe was sold for $635,000! In Prosperous Universe you can even build an interplanetary supply chain and sell manufactured products on its Commodity Exchange. NFTs in space NFTs promise to take game economies to the next level by removing several of the problems with in-game currencies and trading. NFTs provide proof of ownership of in-game items. There have been several reported cases of theft of valuable items within games and there must be many more unreported cases. NFTs help prevent theft by showing an undisputable chain of ownership that anyone can look up on the blockchain. Further, an NFT item cannot be traded or taken unless the owner agrees to it on the blockchain. Combined with digital currencies (game specific or general crypto currencies like Bitcoin), NFTs also make trading items much easier. Sellers don’t have to rely on finding buyers in-game, they can sell the item outside the game. In the future, it may be possible to transfer NFT items between games, which creates a bigger market and increased liquidity for items. NFT trades also remove the problem of fraudulent transactions, where the seller transfers an item but the buyer does not send payment or vice-versa. Blockchains transactions which involve NFTs and crypto currencies enable an instantaneous exchange of the coin and NFT. This can even occur between wallets on different blockchains - an atomic swap. NFTs with smart contracts also allow for exciting new forms of transactions for games. Smart contracts allow contract terms to be automated in the blockchain so that enforcement is guaranteed. Items can be sold with a residual percentage share so that the original seller or creator benefits from future sales. There is also the potential for contracts for paid services within a game. If a term is codable it can be enforced. Early movers Early NFT movers in the space-themed MMO genre include CSC, Infinite Fleet, and Star Atlas. CSC (Crypto Space Commander) was founded in 2015 by LA gaming studio Lucid Light. Early access was launched on Steam in 2019. However, in June 2021 Hong Kong's Animoca Brands were brought in to revitalize the game because of a stagnant user base, a lack of recent development, and criticisms of a weighting towards pay-to-win. CSC allows players to fight, mine, and craft unique items. Ships are fully customizable NFTs that players can trade. Crafted items are also NFTs. Players earn royalties anytime a crafted item is sold. Players can also improve their crafting skills within the game. CSC also allows smart contracts between players. Players earn GRP tokens from successful missions, selling items, and mining planets. CSC uses the Ethereum blockchain. Infinite Fleet is a game of interstellar fleet combat that pays homage to 1980s anime such as Space Battleship Yamato. Players are a commander for the United Sol Federation fighting against the Atrox alien threat. Players start with a single ship but can build a whole fleet. Missions can even be run when players are AFK (Away From Keyboard). Infinite Fleet is the brainchild of gaming and crypto veteran Samson Mow who founded Pixelmatic in 2011. Mow cut his teeth at Relic Entertainment helping to develop titles like Company of Heroes and later Might & Magic when he joined Ubisoft. Infinite Fleet is produced by a small but hardcore team at Pixelmatic who are punching above their weight. The game went into Alpha release in March 2021 and entered Beta release on 28 July 2022. New updates seem to be popping regularly and the team are committing to a major release every two months. It’s worth noting that Infinite Fleet is one of the few games that’s delivering on promises and exists in an actual playable state. Players will earn INF crypto tokens from playing the game and participating in events. The tokens use the layer-2 solution Liquid on the Bitcoin blockchain and can be traded outside the game. However, the game can be played with no need for players to interact with the game’s cryptocurrencies - it is totally at their behest. “People should only buy these things if they plan to use them in the game itself,” Samson Mow. In addition to Mow’s gaming chops, Infinite Fleet is also being backed by Tether, crypto industry’s heavyweights. In 2020, Infinite Fleet also raised funds for the project by issuing a Security Token Offering - a token based security. Star Atlas is set in a futuristic universe where three factions vie for territory through space combat. Players can choose to join one of the three factions: one human and two alien. Star Atlas released its first ship JPEG NFTs in September 2021 and its game trailer in October 2021. The trailer was made by Hydra Studios. It has been reported that the graphics in the actual game will use the Unreal 5 engine. A limited mini game “SCORE” is currently available in which players can click a button to send their JPEG NFTs on missions and receive rewards. A DAO (Decentralized Autonomous Organization) and accompanying POLIS tokens were released in July 2022 to allow players to vote on certain governance issues for the universe. A “Galactic Marketplace” has recently been released and allows for trading of the game’s NFTs. According to Star Atlas’s website, the game’s crypto currency ATLAS will be play-to-earn. “I see the value proposition here because we truly understand what that value proposition is to the player”. Michael Wagner, CEO of ATMTA (lead developer of Star Atlas). Lead developers ATMA have a large team of over 200 employees and outsourcers and are backed by crypto exchange FTX and billionaire Sam Bankman-Fried. The NFTs use the Solana blockchain and decentralized finance (DeFi) features are provided through Serum. Early investors are excited to see the eventual release of the promising game. Final Thoughts Fans of the space combat genre are certainly spoiled for choice. With the release of new blockchain games they will have the freedom to trade and govern their favorite universes. Like any new enterprise, some games are more advanced than others, and it remains to be seen which titles can gather a critical mass. 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.
2 days agozycrypto
WazirX Announces Delisting of USDC, USDP, and TUSD in a Clear Boost to BUSD
India-focused crypto exchange WazirX will unlist three leading stablecoins — Circle’s USDC, Paxos’ USDP, and TrueUSD’s TUSD — effective September 26. In a statement, the company said that users could withdraw their funds by October 5, after which these stablecoins will automatically be converted into BUSD. “WazirX has stopped deposits of USDC, USDP, and TUSD, […]
2 days agocryptodaily
Biggest Price Hikes in September: Uniglo (GLO), Ravencoin (RVN), Celsius (CEL) and Terra (LUNA)
September is said to be a sleepy month for Bitcoin (BTC). Historically, the price of Bitcoin has been sluggish at the start of the ‘ber’ months. However, the same is not the case for Uniglo (GLO), Ravencoin (RVN), Celsius (CEL), and Terra (LUNA). The four projects might be a mixture of familiar and not-so-familiar names. But one thing is constant: their prices have been soaring this month. Uniglo (GLO) Uniglo (GLO) is a top gainer this September. It is a new decentralized finance (DeFi) project based on Ethereum that recently deployed a special Community Asset Vault. The Uniglo community is busy selecting which digital currencies and non-fungible tokens (NFTs) to include in the vault. As a decentralized autonomous organization (DAO), each GLO investor would have a say in what assets to accumulate for the vault. The selection is crucial since the vault was designed to promote the price of GLO. As the curated assets appreciate, the GLO token increases its value, and investors benefit. Ravencoin (RVN) Ravencoin is showcasing some growth this month as well. As a Bitcoin fork, Ravencoin is a system of computers for peer-to-peer transactions. It also offers interesting and innovative features that enable a platform for developing a new class of crypto assets. A key feature of Ravencoin is its block time of only one minute, which is impressive compared to Bitcoin’s 10 minutes. Celsius (CEL) The price of Celsius’ CEL is also increasing despite an ongoing case before the Bankruptcy Court. The project announced its plans to give back $50 million worth of digital assets owed to clients. After realizing a $2.85 billion loss earlier this year, Celsius filed for Chapter 11 bankruptcy, which led to the freezing of over a million client accounts. Terra (LUNA) The Terra project is also on a resurgence. As you may already know, Terra experienced a devastating collapse in May caused by the downfall of its UST stablecoin and LUNA native token. This collapse resulted in a market-wide crypto crash. However, the team behind Terra is focused on recovery efforts, which seem to be paying off, as the price of LUNA increased by over 200% in mid-September. Final thought The four projects above prove to be top gainers. Uniglo particularly has strong potential to make gains. Its token GLO is currently on presale and is set to launch publicly in the middle of November. Research and learn more about this decentralized project and how it offers easy diversified investment opportunities. For More Information: Join Presale: https://presale.uniglo.io/register Website: https://uniglo.io Telegram: https://t.me/GloFoundation Discord: https://discord.gg/a38KRnjQvW Twitter: https://twitter.com/GloFoundation1 Disclaimer: This is a sponsored pressrelease andis 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.
2 days agocryptodaily
IRS Issues Summons on Users Who Don’t Pay Taxes on Crypto
The U.S. Internal Revenue Service (IRS) has been granted the authority to issue a “John Doe” summons to New York-based M.Y. Safra Bank. The summons forces the bank to hand over information about its customers who have failed to declare and pay taxes on cryptocurrency transactions conducted over crypto exchange SFOX. On Thursday it was announced by U.S. Attorney Damian Williams, Deputy Assistant Attorney General David Hubbert, and IRA Commissioner Charles Rettig that U.S. Judge Paul Gardephe authorized the IRS to issue John Doe summons on New York-based M.Y. Safra Bank. This is a term used when the IRS investigates unknown taxpayers. The summons orders the bank to submit information regarding customers that may have failed to report and pay taxes on their cryptocurrency transactions. To support the summons, the IRS is claiming that holders of cryptocurrencies often fail to report their tax returns on any profit made from crypto. The IRS is looking specifically at users of the prime dealer SFOX. Williams said in a statement: Taxpayers who transact with cryptocurrency should understand that income and gains from cryptocurrency transactions are taxable. Adding that information sought by the summons “will help to ensure that cryptocurrency owners are following tax laws.” Since 2015, SFOX’s 175,000 registered users have collectively completed over $12 billion in crypto transactions. The firm connects crypto exchanges, over-the-counter virtual currency brokers, and liquidity providers. IRS Commissioner Charles Rettig said: The government’s ability to obtain third-party information on those failing to report their gains from digital assets remains a critical tool in catching tax cheats. He added that authorisation of the summons “reinforces our ongoing, significant efforts to ensure that everyone pays their fair share.” He added: Taxpayers earning income from digital asset transactions need to come into compliance with their filing and reporting responsibilities. 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.
2 days agocryptodaily
Best Crypto Wallet for the UK
Best Crypto Wallet for the UK. Top picks for 2022-2023 Table of content 1. What does the best cryptocurrency wallet mean? 2. Custodial Crypto Wallets vs. Non Custodial Crypto Wallets 3. Crypto Wallet Apps vs. Hardware Crypto Wallet 4. Best wallet to manage crypto 4.1 What is must-have crypto for wallet? 5. Best wallet to buy crypto for UK citizens 5.1. Legal way to buy crypto with a card or bank transfer for UK citizens 5.2. Wallet with lowest fees 6. Best wallet to exchange crypto 7. Best wallet for DeFi 8. Best wallet for NFT 9. Conclusion. Best crypto wallet picks for UK citizens 1. What does the best cryptocurrency wallet mean? Always important to have a solid wallet! The best and tested way to protect your crypto investment is using the right and safe wallet. Crypto wallets have evolved to be a significant platform for buying, trading, and selling cryptos across the world. Since there are no robust federally mandated predictions when it comes to cryptos, added security is highly pivotal when the value of your asset becomes more significant. The crypto market is always prone to threats and attacks. Therefore picking the most safest and reliable platform is of utmost importance. Crypto wallets offer a wide range of tools and features to make the process of trading online seamless, efficient, and practical. Crypto wallets are designed in various forms, ranging from hardware wallets to mobile apps or software wallets. It completely depends upon your investment strategy, whether to consider a hot, cold or even a wallet offered by your go-to exchange. The best crypto wallet is one that offers high security, low fees, easy accessibility, and is more attractive to customers with state-of-the-art features. 2. Custodial Crypto Wallets vs. Non-custodial Crypto Wallets Custodial wallets or non-custodial crypto wallets The first and foremost thing to decide while building a crypto wallet is to choose a specific wallet that suits your investment journey. There are multiple variants of crypto wallets to choose from. The two main varieties can be broken out as custodial or non-custodial crypto wallets. A custodial wallet is responsible for safeguarding a user’s funds and holds on to the private key. These wallets are always web-based and often provided by centralized crypto exchanges. It also gives users assurance that a lost or forgotten password does not mean that they lose access to your funds. Providers or exchanges can easily reset your password by accepting a few security questions. While non-custodial wallets offer crypto users complete control over their private key and their funds. Experienced crypto users often choose these wallets since they are a bit more technically complex than custodial wallets. Users enjoy the freedom of being their own bankers, but this freedom comes with some responsibilities. The first factor to consider while comparing custodial and non-custodial wallets is who holds the private key. As mentioned, in custodial wallets the third party manages the private key. In custodial online crypto wallets, all the sensitive user data is stored in hot and cold storage. While the blockchain custodian services reside with users in the non-custodial wallets. Unless the user shares the details with someone or the device gets stolen, it reduces the risk of data being stolen or hacked. Logging in to your custodial wallet and making a request to the centralized authority is a must when it comes to accessing funds and corresponding details in a custodial wallet. But for non-custodial wallets, there is no such requirement and users enjoy full blockchain development services in real-time. Custodial wallets are often preferred by newcomers or beginners who value the set-and-forget nature of managing their crypto via an exchange or other centralized wallet provider. While non-custodial wallets are for those users who want to exercise more control over who has access to their funds. 3. Crypto Wallet Apps vs. Hardware Crypto Wallet Which wallet do you choose? Another type of crypto wallets are hardware wallets and crypto wallets apps or software wallets. Hardware crypto wallets or cold wallets do not require online servers as the assets could be stored in the wallets, which are physical assets. The hardware wallets employ an advanced software program allowing users to keep their assets safe offline. It only permits access through a private key once the device is connected to the main computer system or device. It generates a set of private keys which the users are supposed to keep safely offline. The wallet is secured by a PIN and to ensure security, the device erases everything after several failed access attempts to prevent any physical theft. While on the other hand, Software wallets or crypto wallet apps are downloaded as applications over phones and various other devices connected to the Internet. Only a user can access it through their private keys. It maintains all your data and transactions on a mobile device. Software wallets are relatively cheaper than hardware wallets and in some cases even free. But crypto wallet apps are at times susceptible to online hackers as these are remotely connected to the internet. 4. Best wallet to manage crypto Legder has a brilliant hardware wallet Choosing the best crypto wallet is not merely about selecting the best of everything. The wallet should suit a user's investment requirement and strategy. There are numerous crypto wallets available for UK citizens that offer various features. For instance, if a user is looking for a hardware wallet, one of the best-known and feature-rich wallets available on the market is Ledger Nano X. It offers robust security features and supports an array of cryptos and connection to desktop and mobile interfaces. If a software wallet is your choice, then Binance offers one of the safest and most reliable platforms to store all your digital assets under a single umbrella, the Trust Wallet. It is also known for its high-interest rates for staking crypto. The platform also boasts a significant number of tradable coins plus low fees. 4.1. What is must-have crypto for a wallet?Adding cryptocurrencies to your investment portfolio is completely a personal decision as it depends on one’s strategy, motive, and financial capabilities. However, Bitcoin has always been a popular choice for investors across the globe. One of the safest methods for holding BTC is Cold storage since these wallets are not accessible through the Internet. 5. Best wallet to buy crypto for UK citizens eToro has a great wallet for UK citizens One of the best wallets to buy cryptos for UK citizens is eToro. It is a multi-asset trading platform that offers investing in stocks, crypto assets, and trading CFDs.both It is one of the safest, most low-cost platforms and offers a simple way to invest in. From opening an eToro account to placing the first order, the entire process is completely user-friendly and would not take more than five minutes to complete. eToro is backed by the leading brokerage firm that is authorized and regulated by the FCA (Financial Conduct Authority). The wallet is also licensed by the Gibraltar Financial Services Commission (GFSC), ensuring that users can buy cryptos in the UK in a safe, secure, and regulated environment. The crypto wallet also offers a professionally-managed Smart Portfolio, giving users access to a diversified basket of digital assets. eToro offers over 120 cryptocurrency options, including popular coins like Bitcoin, Ethereum, Tether, XRP, Binance Coin (BNB), and Solana. It is one of the best crypto wallets for the UK as the platform offers an eToro Money app for UK customers. The application allows them to convert GBP to USD free of charge, significantly reducing the foreign exchange costs. 5.1. Legal way to buy crypto with a card or bank transfer for UK citizensBuying cryptos like BTC in the UK is a seamless process as numerous cryptocurrency exchanges now accept all the convenient payment methods like debit/credit cards and bank transfers. But factors like safety, fees, user-friendliness, payments, minimum deposit requirements, and many more factors should be considered while choosing to buy crypto in the UK. However, the best way to buy cryptocurrency in the UK is with a credit or debit card. Depending on the broker, the transactions will be processed instantly and users only need to cover a small minimum deposit. 5.2. Wallet with lowest feesOne of the best crypto wallets with the lowest fees for UK customers is OKx. With taker fees of 0.1% and maker fees of just 0.08%, OKx offers one of the top cheapest crypto wallets for users. Along with lower fees, the platform also offers a wide choice of over 140 crypto assets and 300 trading pairs. Apart from the range of assets, users can earn interest on their crypto balances and take out loans if needed using their assets as collateral. 6. Best wallet to exchange crypto Binance has a reliable exchange wlalet One of the best wallets to exchange crypto in the UK is Binance. It is one of the world’s most popular exchanges, standing apart from its competitors in the market in terms of trading volume, and registered account users. The platform is now used by over 100 million people globally. Binance’s Trust wallet offers one of the safest ways to store all your digital assets in a single and unified place. With the help of a convenient mobile app, users can store almost every digital asset in the Trust wallet. In addition to a reliable wallet, Binance also has several other crypto-related services, allowing users to buy crypto using deposits, cards, and P2P trading. Binance also offers alluring interest rates for staking crypto. Binance is also one of the safest crypto wallets, offering clients with around-the-clock customer support. 7. Best wallet for DeFi Cypto.com wallet is good for DeFi Crypto.com is one of the most popular and well-known crypto wallets for DeFi. The platform’s DeFi Wallet is the best crypto wallet to store, earn and grow your crypto asset. It is accessible to all UK customers and offers a tailored non-custodial DeFi wallet boasting top-notch features. The DeFi wallet can also be synced to the centralized Crypto.com app to facilitate seamless transactions between accounts. Crypto.com also offers in-app staking and connection to Web3-enabled sites. DeFi wallet users can connect to dApps, DEXs, marketplaces, and lending platforms without even leaving the app. 8. Best wallet for NFT ZenGo has a superb NFT wallet The lack of private key management has led to the loss of millions of dollars of NFTs. With no private key to steal or lose, ZenGo addresses a major issue of vulnerability leading to NFT theft. ZenGo is the first Web3 wallet and one of the best for buying and selling non-fungible tokens (NFTs). ZenGo has no private key vulnerability and is protected by encrypted biometrics. ZenGo is also the first crypto wallet to offer these advanced security features as a crypto wallet. ZenGo’s versatile multi-asset and multi-chain Web3 wallet boast an array of features ranging from support for connecting dApps to storing NFTs. 9. Conclusion. Best crypto wallet picks for UK citizens Which wallet are you getting? Crypto wallets have become an indispensable factor for anyone dealing with digital assets. There are over hundreds of crypto exchanges available in the UK. Some of them have been around for almost a decade and more, while some others are fairly new. The most significant thing to look for when choosing the best crypto wallet for the UK is top-notch security tools and features, the convenience of sending and receiving funds, exchange and investment features, user-friendliness, etc. However, one of the best crypto wallets in the UK for 2022 is offered by eToro, as it supports a number of cryptocurrencies and blockchain networks, and even offers brokerage and exchange services. 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.
2 days agocryptodaily
Singapore’s DBS Bank Expands Crypto Trading Service
DBS Group Holdings Ltd., Singapore’s largest bank announced the expansion of its cryptocurrency trading service to its members-only digital exchange, Digibank. DBS today announced that it introduced a cryptocurrency trading product, allowing its wealthy clients with reputations as accredited investors to trade in cryptocurrencies. Investors will now have access to trading options in Bitcoin (BTC), Bitcoin Cash (BCH), Ripple (XRP), and Ethereum (ETH) on its digital exchange (DDEx) with minimum investments starting at $500. In the announcement, DBS said that this new service will allow investors to trade cryptocurrencies at their convenience, adding that it will also provide “hassle-free access to DDEx, one of the world’s first bank-backed digital exchanges.” Before this announcement, crypto trading on DDEx was limited to corporate and institutional investors, family offices, and clients of DBS Private Bank and DBS Treasures Private Clients. DBS Bank launched DDEx first in 2021 and following the expansion of its services, the bank now offers 100,000 of its clients in Singapore access to services offered by the DBS digital ecosystem. Sim S. Lim, group executive of consumer banking and wealth management, DBS Bank, said in a statement: As a trusted partner that helps our clients to grow and protect their wealth, we believe in staying ahead of the curve and providing access to the solutions they seek. DBS announced its intention to offer cryptocurrency trading services to institutional investors in 2020 already and said earlier in the year that it is looking to launch a digital assets trading desk for retail customers by the end of 2022. While Singapore is home to many digital asset firms and the news that has come from DBS is certainly very bullish, the Monetary Authority of Singapore (MAS) is still warning of the dangers associated with investing in cryptocurrencies. Earlier this month, the MAS even went as far as to issue a statement reiterating that retail investors should not invest in the asset class, saying: The prices of cryptocurrencies fluctuate wildly and investors stand to lose all the monies they have put into cryptocurrencies. However, even after it issued the aforementioned warning, the MAS released its digital asset framework which expands into 2025 where the regulator made it clear that it intends to “enable digital currency connectivity” via a plan named Project Orchid according to reports by Nasdaq. Under its digital asset framework, the regulator plans to explore distributed ledger technology, asset tokenization, and cross-border payments. 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.
2 days agocryptodaily
WinnerBlock.io : Improvements for the better.
September 15 has been an important date in the Web3 world. This date marked the arrival of the new version of the Winner Block token: Winner Block V2. This update comes with several improvements that we will detail in this article. Winner Block is an ambitious young company which, in the space of a few months, has brought together a dynamic community around an ambitious project. After a successful pre-sale, the project was able to raise more than 1540 BNB in ​​order to finalize its product. Winner Block offers players the opportunity to participate in draws with NFT tickets called WCards. The design of each WCard is unique for every jackpot category: Bronze, Silver and Gold. Players must choose four numbers between 0 and 49. These numbers are written on the ticket they mint. Only one number is enough for the player to win part of the jackpot. In addition to draws, Winner Block aims to offer a multitude of games as fun as each other. We have already been able to try the wheel of fortune, free, and playable once every 24 hours. Are you looking lucky? Winner Block is for you! V2 Update Winner Block has achieved the feat of developing a functional and fun web application in just a few months. The first major improvement is the smart contract. They managed to create an auto liquidity fee system to stabilize the WBlock price! The main reason is to develop a system that will automatically collect and add liquidity to the pool based on a rolling percentage of Pancakeswap sales automatically and continuously. This update also comes with an improvement of the winning rates and gaming experience. With V2, Winner Block players have a higher probability of winning every jackpot! (X5 geater chances of winning). The spirit of Winner Block is to offer better chances to win for the players. Winner Block is targeting his focus on listings on additional exchanges like CoinmarketCap and Coingecko for a close future! About the App! Winner Block's ambition is to put dozens of games online in order to create a playful and fun WebApp. They aim in the near future to implement their environment in different Metaverses. The future looks bright for Winner Block! They are also developing an application dedicated to holders so that they can vote and make decisions during community votes! We can take as an example the sums regularly donated to charities. There is no doubt that Winner Block and its token will continue its evolution and live up to its ambitions. In the space of a few months, all the promises were kept. We invite you to find out more about this beautiful project which is gaining an increasingly important place in Web3. Nothing better than an interactive White Paper available at docs.winnerblock.io Website: Telegram: 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.
2 days agocryptodaily
GameFi platform BinaryX launches strategy game CyberChess with $500,000 Prize Pool
Singapore, Singapore, 23rd September, 2022, ChainwireBinaryX, a GameFi development platform, announced today the launch of CyberChess, one of the first free-to-play, play-and-earn auto chess strategy games in the P2E dominant GameFi space. CyberChess offers people on Web3.0 new entry points into the world of GameFi. $500,000 worth in BNX Prize Pool and Heroes Giveaway for CyberChess Launch To celebrate the launch, BinaryX will commence Season 1 of Ranked mode battles, where players will stand a chance to win up to $500,000 USD worth of prizes in the first 8 weeks of launch. Over the same period, BNX airdrops will be announced and given away via Discord and Twitter. To get a headstart, players can also stand to receive additional 2 heroes and 2 skills when they enter the code '4morechess' under the settings option in the game menu. New Free-to-Play, Play-and-Earn Model As a free-to-play, play-and-earn web3 game, CyberChess differs from most play-to-earn games, and is designed to allow players to start playing the game without having to make an initial investment. When new players connect to the game for the first time, they can summon 5 free heroes and 2 free skills to start participating in matches with other players. Players can also recharge or make in-game purchases to summon new heroes and acquire new skills. This model lowers the barrier to entry for players new to GameFi and allows players to enjoy the game for its own sake, potentially earning in-game tokens in the process. Robust and Transparent Tokenomics As the third game in the Cyber series, CyberChess adds to the utility of BNX as it offers a new avenue for BNX token holders to consume in-game gold. The gold consumed in CyberChess goes back to funding the development of our games and to support DAO functionalities for community and resource management in the entire ecosystem. BinaryX provides a transparent look into how the funds are being used on their website. Explosive Battle Modes and Strategy-based Gameplay As GameFi continues to mature and evolve as an industry, BinaryX plans to accelerate mass adoption of GameFi by making GameFi games more fun and challenging for players. This includes adding more complicated features and difficulty settings for gamers who want a solid strategy-based gaming experience as well as the earning potential of GameFi. The gameplay for CyberChess pays tribute to the popular auto chess game format in traditional gaming and is designed to elevate the gaming experience for players in GameFi. Players can participate in two battle modes - Ranked and Arena mode. In Ranked mode, players get to go head to head in a PvP match to accumulate in-game gold. On the other hand, players battle it out with other players to rise to the top of the leaderboard and take away an attractive prize pool of $BNX in Arena mode. Read the CyberChess Wiki to learn the gameplay Addition of In-Game Marketplace CyberChess comes with its very own in-game marketplace where players can list in-game assets such as heroes and skills in exchange for gold. This means that players have more avenues to upgrade or accumulate more gold. ‘BinaryX created CyberChess to stand out amongst games in the play-to-earn genre. It comes with a more complex gameplay, which makes the game more challenging and fun for players who enjoy traditional strategy games. We’re excited for our fans to start playing CyberChess and to immerse into the new world we created,’ said Chun S., Global Head of Business Development at BinaryX. Launching as IGO Platform Earlier this year, BinaryX announced its first IGO partnership. With the launch of CyberChess, BinaryX is poised to roll out its ambitious plans to serve as both a GameFi developer and IGO platform. ‘The goal is to be a home ground for gamers, developers and investors to access and interact with GameFi. We aim to be the frontrunner in the space and we have a ton of exciting IGO projects coming up. Launching our IGO platform is the next step,’ Chun said. Watch the Trailer About BinaryX BinaryX is the GameFi platform behind the play-to-earn (P2E) games CyberDragon and CyberArena, both of which run on the BNB chain. BinaryX began as a decentralised derivative trading system. Recognising the burgeoning popularity of GameFi and interest in the metaverse games, the team gradually evolved into developing decentralised video games, and is now transitioning to becoming a GameFi platform offering IGO services to bridge Web2 developers to Web3. As one of the top 10 projects on the BNB Chain, BinaryX has more than 100k coin holders and 15K monthly active wallets. It is also one of the largest metaverse projects by trading volume on the BNB chain, with more than 300 million in market cap. BinaryX has a token, $BNX, that has consistently demonstrated strong performance despite the bear market. For more details and information about BinaryX, please visit www.binaryx.pro BinaryX | Twitter | Discord | Telegram | YouTube | MediumContactCommunications [email protected]
2 days agocryptosrus
Hope For LUNC Investors With Caution
The entire crypto community’s excitement reached another level as the much awaited 1.2% Terra Classic [LUNC] tax burn protocol got implemented. The new protocol was successfully implemented at a block height of 9,475,200 on 21 September.  The 1.2% #LUNC tax burn has successfully been implemented on-chain
3 days agocryptosrus
UK government wants to seize freeze and recover crypto
The government of the United Kingdom has introduced a bill aimed at cracking down on money laundering and fraud, specifically by expanding the authorities’ ability to target cryptocurrencies used for illicit purposes. In a Thursday announcement, the U.K. government said lawmakers had introduced the Economic Crime and Corporate Transparency Bill in Parliament as part of […] The post UK government wants to seize freeze and recover crypto appeared first on CryptosRus.
3 days agocryptopotato
The SEC is Angling to Take Authority Over All Ethereum Transactions in SPRK Suit (Opinion)
An overlooked part of a lawsuit the SEC filed Monday over a 2018 ICO for Sparkster (SPRK) made the rounds Wednesday. Apparently, the U.S. Securities Commission is angling to assert its regulatory authority over all Ethereum transactions.
3 days agocointelegraph
UK gov't introduces bill aimed at empowering authorities' to 'seize, freeze and recover' crypto
King Charles announced the bill in May to both houses of the U.K. Parliament, saying it was aimed at tackling illicit finance, reducing economic crime and helping businesses grow.
3 days agozycrypto
“Finalized” EU MiCA Crypto Regulation Seeks To Police NFTs And Algorithmic Stablecoins
A finalized text of the Markets in Crypto Assets (MiCA) legislation now seeks to bring Non Fungible Tokens (NFTs) and algorithmic stablecoins under its regulatory purview. According to a bill draft dated September 20, EU authorities have been urged to take a “substance over form” approach to the law, suggesting that NFTs such as BAYC’s […]
3 days agocoindesk
Alameda Research, Jump Capital Lead $37M Funding for 3Commas Automated Crypto Trading Platform
The CEO of crypto custodian Copper also led the round for the trading bot-driven ecosystem.
3 days agocoindesk
Cryptography Network Lit Protocol Raises $13M to Bolster Web3 Autonomy and Interoperability
The Series A round is being led by crypto investment firm 1kx.
3 days agocryptodaily
Kraken CEO Steps Down
Jesse Powell, an early Bitcoin-backer and one of the co-founders of the Kraken crypto exchange has stepped down from his position of Chief Executive Officer. Controversial CEO Steps Down On Wednesday, the U.S.-based crypto platform Kraken released a statement revealing that its long-time CEO, Jesse Powell, is stepping down from the position, with COO Dave Ripley taking over the mantle. According to the announcement, Powell will move on to the role of Chairman of the board of directors. Speaking on the changing of the roles, now ex-CEO Jesse Powell said, “Dave’s proven leadership and experience give me great confidence that he’s the ideal successor and the best person to lead Kraken through its next era of growth. I look forward to spending more of my time on the company’s products, user experience and broader industry advocacy.” COO Promoted To CEO As per the statement, Ripley has been a part of the Kraken team for a while and has worked alongside Powell in building the team and scaling its operations. Under his leadership, the company expanded its roster of 50 employees to over 3,000, along with accomplishing more than 16 acquisitions, acquiring multiple regulatory licenses, and onboarding significant partnerships. A hunt is on for a suitable replacement for the Chief Operations Officer role that Ripley will be vacating. Commenting on his new role in the company, Ripley said, “Jesse and I are in lockstep on culture and values though it does go without saying that I’m not the same level of cultural figure in terms of social media.” Kraken Has Courted Controversy In The Past The company was subjected to controversy recently because of a culture document in which Kraken leadership rejected mandates of diversity hires. Although a school of thought believes that Powell is stepping down due to the backlash brought about by the said policies, it is interesting to note that his replacement Ripley was one of the authors of the controversial document. Back in June 2021, Powell had also spoken about the company going public in the next year, a claim which is yet to come true or be verified by any other individual associated with the company. The company also faced regulatory troubles when it was suspected of violating international sanctions. In July 2022, Kraken was being investigated by the U.S. Treasury Department for allegedly violating sanctions imposed upon Iran in 1979 and allowing Iranians to transact digital assets on its platform. 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.
4 days agocoindesk
Israeli Exchange Bits of Gold Becomes First Crypto Firm to Receive Capital Markets License
The country's capital markets authority recently granted Israel's first crypto license to a private company that is not currently offering digital asset services, making Bits of Gold the first industry player to receive regulatory approval.

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