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4h agocryptopotato
Take Part in the Battle for the Aegis at 1xBit
[PRESS RELEASE – Please Read Disclaimer] One of the biggest online multiplayer battle tournaments has begun, and all players from 1xBit can take part in the action. Select your heroes carefully because they can bring victory or defeat. Master tacticians or brutal villains, which way will you go? It’s time for combat and finding the […]
1 day agocryptodaily
“Assassin’s Creed” Game Director Sheds Light on Blockchain Gaming
The gaming world is filled with a myriad of pioneering figures who helped shape the industry into what it is today. These are people who are willing to push the boundaries of gaming whilst also understanding and satisfying their audience along the process. One of these figures is Marc Albinet, a true veteran of the industry. Albinet joined the gaming world during its inception in 1988, where he began his career at Ubisoft. One of the first games he worked on was Unreal (1990), a genre-fusing game that incorporated side-scrolling levels along with rail shooting mechanics. The game received high acclaim, being named the second-best shooting game of its year by the magazine Amiga Joker. This was just the beginning of Albinet’s career, as he worked his way up to become game director for Assassin’s Creed Unity in 2017, and the more recently acclaimed title, Dying Light 2. As of lately, Albinet has been working to find new methods of creating and building games, driving him into the world of blockchain technology. He joined Darewise Entertianment as Creative Director, a game development studio focused heavily on web3 tools and infrastructures. Albinet is the company’s creative director, where he is spearheading an MMORPG named Life Beyond– powered by blockchain tech. With a career spent interlocked within the gaming world, Albinet has many important insights on the industry, especially on the web3 wave of games currently being created. Let’s delve into his thoughts and see what he makes of the future of this industry. Marc Albinet’s Vision of the Future The following is an interview with Marc Albinet regarding the intersection between gaming and web3 technologies. 1- What role does Blockchain play in the gaming industry? Currently, blockchain is used in Play-to-Earn games, which represents a small market that is essentially mobile (with some PC involvement). The console side is not proposing any blockchain elements at the moment. Not only this, but most of the big titles targeting massive audiences are not blockchain related at all. The reasons are that the Web3 market is small and cryptocurrency is not really popular inside traditional game development communities. But despite that, things are moving forward with several big publishers like UbiSoft and Square Enix seriously considering areas like player-ownership– offered by blockchain technology. Therefore, we can expect more important movements to occur in the near future. 2- Do you think that AAA games are the answer to Blockchain Games’ sustainability? If so, why? Blockchain sustainability will come when the core value of these games will have evolved from a pure speculative reason to invest, into long-term value via the experience provided by games in the industry. The answer is less a question of scope and ambition than a question of core value and experience quality. AAA publishers are slowly considering injecting blockchain concepts into their games. But there is no need to wait for AAA to act when any studio can make great games using blockchain technology, and offer great options such as true ownership and reward mechanisms. 3- In your opinion, what’s the best way to build a sustainable game economy using NFTs? A game is sustainable when you want to come back in the long run. Investing in fast speculation is not sustainable. So the question is, what is it about a game that makes people come back? The quality of its experience, the quality of its immersion, and the possibility to share it with other people where you can interact and have fun with them in an often constructive manner. For NFT-based games to make an impact, they will have to propose this type of value. NFTs will need to become meaningful to be part of the experience. The reflection of it will become meaningful and gain value because this value will be shared by the community. That is our philosophy and direction: creating an experience that is not only in the game but also in our lives, so that we can build with our community so every time we release an NFT, it is part of what we share and all like: the World of Dolos (the planet which players will explore in Life Beyond) and all experiences related to it. 4- What is LifeBeyond doing differently than current NFT games? After building the first bricks of the game and its World, we are now focusing on building the whole World and experience. Our previous alpha was created to demonstrate our ability to deliver good gameplay and our next steps are now to build the whole experience, which is the development of a whole new society on another planet. We propose people become part of the journey and build it with us; both in-game and out of the game itself. 5- Are in-game NFT’s going to outbalance non-NFT holders? How do you Balance NFTs in-game so that the experience doesn’t turn into a Pay-To-Win game? NFT owners will never unbalance the game. This is for various reasons, but here are the main ones. First, we will release NFTs that have in-game utilities but these will never be attached to a challenge, so we will never release NFTs that offer better stats. We will provide NFTs alongside other in-game functionalities like a robot that is able to guard your Land or house when you’re IRL and able to warn you IRL if someone is entering it. Players will also have the ability to upgrade their tools, equipment or weapons and sell them via NFTs. Another important aspect is that we are building the game over the concept of expertise. Every player will have the opportunity to become an expert in at least one domain (possibly several, just a question of playtime). Some players will be experts in mining, some in building, some others in surveying underground, etc… We will build a whole economy so dozens of expertise options will be available. For every expertise, a tool will be needed. Working on your expertise will level up the tools. Your avatar will also level up but in only one stat. For combat, it will be your life. So leveling up your avatar by playing combat will provide you a better weapon level (with better stats) and a bigger life gauge. Your own skills in combat will also be important; like in any other game. The more you play the more you develop your skills. Weapons (expertise tools) will be possible to sell or buy via NFT, while your avatar won’t and obviously neither will your skills. So any of your friends will be able to play with you by buying the top-notch weapon even in difficult missions, but they will still have a short life gauge and bad skills in combat. That’s the way we will prevent the Pay-to-Win aspect. We let NFTs coming from players have a buyable value in the challenge, but it’s only a part of the equation. A Blockchain-Based Gaming Industry It is clear from Marc Albinet’s ideas that he believes the next evolution of gaming will be brought about by blockchain and web3 tech. The significance of these tools has been fully realized in the financial world, and it is now beginning to be realized in the entertainment industry. Pioneers such as Albinet are trendsetters in this space, using next-gen technologies to provide greater user experiences. Right now, web3 games appear to lie on the fringes of the gaming sphere, but as the technology matures, and as individuals such as Albinet continue to utilize it, these types of games will become a fully ingrained part of the gaming space. They may even become the norm. 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
Tesla teaches Web3 how to make products people actually want
Tesla has arguably done more for environmentalism than most green projects put together. By making the best cars not be gas guzzlers, they dramatically changed the environmental outlook for the entire auto industry, and aligned consumers' interest in amazing products with society’s long-term interests. Web3 would do well to take note. Car buyers have always been interested in having the sleekest design, shiniest leather seats, flashiest rims, and fastest vehicle. By building a car that actually competes on those specs rather than another version of the Prius, Tesla has leaned into an already existing incentive structure in the car industry, and thereby made the company a tremendous force for good. Some companies in blockchain entertainment have taken a leaf out of the Musk playbook, and are leaning into already existing consumer desires to create attractive products. Ever since the likes of Axie Infinity and Spielworks’s Womplay platform helped pioneer play-to-earn gaming a few short years ago, the industry has been clamoring to expand on the idea that cryptocurrencies can fuel a new kind of gaming that empowers users to actually earn and spend digital currency. The play-to-earn industry even went through a fad of many companies changing the term to play-and-earn, to emphasize tokenomics shouldn’t come at the expense of gameplay. A great example is Anomura, which has introduced a play-to-donate model. Players have the choice to allocate in-game rewards towards wildlife conservation. This ups the ante from projects working to be carbon neutral, to actually empowering players themselves to do environmental good. This kind of project can transform the P2E industries through in-game social impact initiatives, but only if the game truly catches the masses. Indeed, the blockchain ecosystem is well-positioned to follow the Tesla approach of leaning into consumers because the entire point of most blockchain initiatives is to do so. And this goes beyond finance via DeFi, or art via NFTs. Even in sports, there is a way to expand into new markets, as LEAP zeros in on talented young athletes. With its TikTok-like interface, the platform leverages crypto tokenomics to empower young, undiscovered athletes to showcase their skills and gain support from talent seekers. The kids are already spending their time on Social Media, but in this case they support their growth and career instead of just gameplay for the sake of fun—leaning into the target market for the target market’s advantage. Just like Tesla transformed auto, so did Spotify and Apple music change the music industry not long ago. Consumers used to purchase an album for a pretty penny, but now they enjoy huge catalogs from a small monthly subscription. Still music fans are just passively consuming, and the rewards of the industry are reserved for a small group of elite talent. Now, music companies move past just minting NFT’s off of album art. Instead, they use blockchain to create an opportunity to lean into music consumers desire to be active participants in the industry. One example is Gala Music, a blockchain-based music streaming platform that provides fans with unique opportunities to enrich their experiences. Rather than a centralized structure where a platform itself would hold all the music and control access to it, every listen on Gala Music comes from an NFT track hosted on a Player Node or Fan Node within the platform. Listeners can become the providers of essential infrastructure for worldwide music broadcast, and reap handsome rewards from it. Don’t shove the blockchain down someone's throat Making a killer product but incorporating a blockchain framework in a seamless way is easier said than done, but it truly is imperative. If blockchain companies try to sell by just focusing on blockchain’s added value, like transparency, decentralization etc. they are missing the forest for the trees. The focus must be on making products the best they can be, but they just happen to incorporate blockchain. It is understandable from a branding perspective that companies try to lean into the blockchain identity, and that’s fair. But if the industry is going to actually take wings, companies need to restrain themselves. A user should be able to use a game or a platform, with a simple and attractive interface, and scarcely notice that they’re in the Web3 space. This way Web3 will reach mass adoption by its own volition. 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.
3 days agocryptodaily
Kim Kardashian pays large fine for touting crypto asset
The Securities and Exchange Commission charged Kim Kardashian with failing to disclose that she was paid to tout the crypto asset EthereumMax on Instagram. The case was settled recently when Kardashian agreed to pay a $1.26 million fine in settlement over the case. She has also said she will cooperate with the SEC in its ongoing investigations. According to an account of the case on CNN Business, Gary Gensler, Chairman of the SEC said of influencers and celebrities: “This case is a reminder that, when celebrities or influencers endorse investment opportunities, including crypto asset securities, it doesn’t mean that those investment products are right for all investors. We encourage investors to consider an investment’s potential risks and opportunities in light of their own financial goals.” Kardashian has not admitted or denied any wrongdoing, but she has agreed to pay the very large fine, and has also forfeited the $250,000 plus interest she originally received for touting the crypto asset on Instagram. She has also agreed not to promote any cryptocurrencies for the next three years. Gensler obviously wanted to make a very public statement on the Kardashian case and made a video which was published on the SEC YouTube channel. The video, which came under the series “Office hours with Gary Gensler”, might be dubbed as extremely corny by those who have seen it. It appeared to be an attempt to target quite a young audience given the rather paternalistic style of the video. It’s also to be wondered if the target audience would be faithfully watching videos put out by the chairman of the SEC, but Gensler was unperturbed and spoke slowly and clearly to his audience, saying such nuggets of wisdom as “a celebrity or influencer’s incentives aren’t necessarily aligned with yours”. Another particularly well thought out line was Gensler’s comment on how TV or sports stars might not have the skills to offer investment advice: “We might enjoy watching a celebrity playing on a basketball court, starring in a reality TV show or a movie, or performing to a large crowd at a stadium show. We shouldn’t confuse those skills though with the very different skills needed to offer appropriate investment advice.” Gensler’s video had more than 2500 views at time of going to press. It is to be hoped that many more young viewers will go to see what Gary has to say, and that they will take more care with their investments, especially when it comes to cryptocurrencies, because Mr Gensler is always telling us how risky these investments might be. 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.
3 days agocryptodaily
Jewish Creators Launch NFT Fundraiser for Feminist Nonprofits
New York, New York, 3rd October, 2022, ChainwireA collective of Jewish creators have teamed up to launch an NFT project that will raise funds for women’s nonprofits. The philanthropic cause will donate much of its proceeds to charities promoting women’s rights, especially as they relate to the Jewish community. The campaign will directly benefit women in Jewish communities while showcasing the power of NFTs for inspiring positive change. Artist Jill Blutt, writer Leigh Cuen, and technologist Yotam Bar-On are among the many creators behind this interactive digital art project. The Matriarchs, as it is known, will launch publicly on October 11, 2022. Until then, supporters are welcome to join the community conversation on Telegram. The launch will be marked by the promotion of visual art representing six Jewish female leaders throughout history, published in the form of unique NFTs. Each of the NFTs will be accompanied by written biographies and some will include unlockable, secret perks as well. The bulk of the proceeds from the sale of the NFTs will be donated to nonprofits dedicated to promoting women's rights such as the National Council of Jewish Women, although not limited to it. The NCJW is spearheading the Jewish community’s response to American restrictions on abortion access and healthcare. Other nonprofits may be chosen by the community as well. “There’s never been a more important time for feminists around the world to support religious freedom in the United States, especially as it pertains to the Jewish perspective on women’s right to health care,” Cuen said. “So we’re collaborating with Jewish creators around the world to explore how we can practice effective altruism through art.” The Matriarchs, led by a prominent group of feminist entrepreneurs, aims to create a unique community that is open to people of all faiths and backgrounds who are interested in learning more about women leaders throughout history. The collective’s first NFT drop is part of a broader trend for leveraging NFTs for social causes. The transparency provided by blockchain technology, coupled with the intersection with artists whose industry is historically aligned with benevolent causes, have made NFTs an ideal fundraising vehicle. About Matriarchs A band of Jewish creators have teamed up to create an interactive art project called “The Matriarchs.” A collection of visual art representing Jewish women leaders throughout history, published in the form of 6 unique NFTs, with written biographies and a few unlockable goodies to boot. ContactMarketAcross [email protected]
3 days agocryptodaily
Credit Suisse - first bank domino to fall?
Credit Suisse is at the highest risk of default in a decade. If it collapses, then this could be the first domino to topple many other over leveraged and failing banks. Is this Bitcoin’s time? Credit Suisse on verge of failure Credit Suisse is on the edge. The interest rate charged on its credit default swaps rose 6 basis points on Friday to 2.47%. The same swaps began the year at 0.57%, a tell-tale sign that the market is losing confidence in the bank’s ability to stay afloat. The price of Credit Suisse on the New York Stock Exchange was down 3.27% on the day, and since mid January, the price for the Credit Suisse Group has fallen 63%. CEO Ulrich Körner made an attempt to respond to the huge amount of negativity surrounding Credit Suisse by talking of the “many factually inaccurate statements being made”. The UK edition of the Guardian had Körner referencing the bank’s restructuring plan, which included job cuts, a sale of assets, and asking its investors for more cash. A torrid history However, according to the same source, the bank appears to have been involved in incredibly shady dealings, including paying fines for bond issue fraud where some of the proceeds were funnelled back to bankers at Credit Suisse. Far worse accusations were also made by the Guardian and others: “its private banking division – traditionally a cornerstone of Swiss banking – has been put under pressure after the Suisse secrets investigation, conducted by a consortium including the Guardian, exposed the hidden wealth of clients involved in torture, drug trafficking, money laundering, corruption and other serious crimes.” Crypto is besmirched The mainstream media will always print the pronouncements of bankers and others on how crypto companies are untrustworthy, risky, and venues for various scams and wrongdoings. Generally, all crypto is tarred with the same brush despite the obvious transparency, innovation and huge advantages that many projects bring to the table. How the banking system really works However, they never seem to mention any of the far worse events that happen with regularity in the traditional banking system. This system has failed the people to an extent that would stretch the imagination of most to believe. The entire system is run by bankers for bankers and the planet is blissfully unaware of what is going on. For example, who would believe it to be true that when a bank makes a loan, the entire amount is printed out of thin air, and then the bank charges what would normally be at least the same amount again in interest. This system has been milked by the bankers to the very extremes before total collapse. Central bank digital currencies (CBDCs) are the last throw of the dice. If these can be rolled out across the world then the bankers can micro manage every individual, thereby wielding complete and utter power. Full financial slavery can take place. Bitcoin is the answer Bitcoin is the way out. It is a currency that can be held and spent without any intervention from governments or banks. The mainstream media has done quite a job on blackening Bitcoin and all other cryptocurrencies, but all who care about their financial future need to do the research on both the banking system, and the world of cryptos, especially Bitcoin. When world economies were on the edge of collapse in the 2009 financial crisis Satoshi Nakamoto launched Bitcoin, putting the front page of the Times into the genesis block of his new creation. The front page read “Chancellor on brink of second bailout for banks." These are the same banks that can print fiat currency out of nowhere, and the fact that taxpayer money was used to bail them out says volumes for just how corrupt and broken the traditional finance system really is. 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.
5 days agocryptodaily
Central banker says crypto not suitable for retail investors
A senior official at the Monetary Authority of Singapore (MAS) asked crypto traders to “reduce” their “enthusiasm”, and stated that Singapore was not a place to speculate. Official angry at crypto speculation Sopendu Mohanty is the chief fintech officer for the Monetary Authority of Singapore, and he repeatedly warned crypto companies to be careful about how they “lure” customers, according to an article in the South China Morning Post. Mohanty was speaking at crypto wallet Cobo’s office opening ceremony in the country. He also took umbrage to many of the exhibitor booths 24 hours earlier at the Token2049 Conference, saying that the exhibitors were not displaying how speculative their offerings were. He stated: “Singapore is not a place to speculate. We will be very, very hard on this behaviour.” Mohanty pointed out that none of the advertisements for any of the cryptocurrency services pointed out the risk involved with investments, and he affirmed that the crypto asset class “is not suitable for retail investors”. Traditional finance calls the shots It is undoubtedly a good thing for all retail investors to have the full facts before making any kind of investments into crypto or indeed any other asset class. However, playing Big Brother by making decisions on behalf of retail investors as to what they can and cannot invest in is just the kind of thing that is common and widely accepted in traditional finance, in that the average investor is debarred from any worthwhile investments, which are only accessible by ‘accredited’ investors who can prove they have plenty of money. Mohanty is certainly not alone when making these sorts of comments. The vast majority of bank officials, leaders of financial institutions and agencies, and just about anyone involved with traditional finance put forward pretty similar views which are generally slavishly covered by mainstream media. For a regulatory official to get so angry at the thought of retail investors being allowed to take a punt on a crypto investment is par for the course in the times we live in. Absolutely nothing would be said if the same investor chose to put their entire worth on black at the roulette table, but perish the thought that an investor, struggling to make ends meet, might invest into any crypto-related company. Traditional finance is broken Officials such as Mohanty are embedded in a finance system that is teetering on the brink of complete chaos, and this should not give them the right to close all exits out of said system. Given the seriousness of what the world is facing, with economic melt-down a threat that is becoming more real with every passing day, individuals need to be able to make the attempt to save themselves, and if this is by purchasing some bitcoin or by investing into layer1, DeFi, or any other crypto technology then they surely must be allowed to do so. 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.
6 days agocoindesk
On Starting A Crypto Career In The Dead Of Winter
An argument for taking the long view and studying blockchain or related technology now, even when prospects seem scary. This story is part of CoinDesk's Education Week.
7 days agocryptodaily
Auction House Christie’s Launches Ethereum NFT Marketplace
Legendary auction house Christie’s is embracing Web3 by launching a new non-fungible token (NFT) marketplace. Christie’s, who long ago made its mark on the NFT scene by auctioning off Beeple’s “Everydays: The First 5,000 Days” artwork for $69.3 million in March 2021, is now stepping further into the space by launching its own marketplace in which auctions take place on the Ethereum blockchain, simply called Christie’s 3.0. on the newly launched marketplace, buyers are able to directly connect their wallets and bid on NFTs. in such a way, it functions very similarly to other well-known marketplaces such as OpenSea. The auction says it will also provide tools for tax and compliance purposes. Christie’s said on Twitter: We recognize and bring young emerging artists to an international and digitally savvy market. Christie’s 3.0 deepens our ability to connect clients to the best of the NFT market now via a sophisticated and secure blockchain-native platform for sales. The new platform was created in collaboration with Manifold, a start-up focused on smart contracts. The inaugural sale on the marketplace will be a curated auction of 9 new NFTs by artist Diana Sinclair which was created and minted specifically to launch on Christie’s 3.0. the auction of the NFTs will be open for bidding from September 28 – October 11. Although previous NFT auctions on Christie’s have been popular in the news, the actual transactions did not take place on-chain. Christie’s 3.0 takes care of this with on-chain transactions that are similar to those that take place on marketplaces such as Rarible and OpenSea. Director of digital art sales at Christie’s, Nicole Sales Giles, said that the new marketplace would “offer the public the opportunity to collect exceptional NFTs in the way they were meant to be transacted, on-chain.” 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.
7 days agocryptodaily
CBDCs are not needed. Bitcoin and stablecoins can do the job
The Bitcoin Policy Institute published a white paper on Tuesday arguing that surveillance tools in the form of CBDCs would destroy freedoms and are not necessary. A surveillance tool Authors of the paper, Natalie Smolenski, executive director of the Texas Bitcoin Foundation, and Dan Held, former growth lead at Kraken, argue that CBDCs would provide governments with information on every transaction, and that cyber attacks could make this information open to anybody given the frequency with which government databases are compromised. The authors review the case of China, and its accelerating surveillance regime, which helps it to target and closely watch sectors in its population such as ethnic minorities, migrant workers, those with a history of mental illness, and especially those who have filed complaints against the government. A U.S. CBDC The paper argues that it is a mistake to believe that the U.S. could not go down this same path as the Federal Reserve investigates CBDCs in partnership with the Bank for International Settlements (BIS). Perhaps purely by coincidence, Fed chairman Powell said on Tuesday that a U.S. CBDC would not be arriving “any time soon”, but did also say that it should be “privacy protected” but then contradicted this with one of the other four tenets of a future U.S. CBDC which laid down that it should be identity-verified. Why would governments adopt CBDCs? The white paper lays out the case that the job that a CBDC would do is already covered by Bitcoin and stablecoins pegged to fiat currencies. So the question then is why are more than 100 governments opting for the CBDC route? The answer given is that there are two advantages with CBDCs. One is that they give complete control and surveillance over the one remaining anonymous transaction which is cash, and the other reason is that all these governments are deeply in debt, and CBDCs would enable the control to generate revenue for the state. For example, any kind of transaction could be taxed, from giving your neighbour $20 to giving your children an allowance, to selling items in a yard sale. All of these could be taxed. In conclusion, the authors state: “For most people, a combination of physical cash, bitcoin, digital dollars, and privately issued, well-collateralized stablecoins will cover virtually all monetary use cases.” They added: “We should think carefully about what kinds of “innovation” we want the U.S. government to embrace, so that we do not unexpectedly find ourselves without rights–and without recourse.” 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.
7 days agocointelegraph
Circle Product VP: USDC chain expansion part of 'multichain' vision
Speaking with Cointelegraph, Circle’s vice president of Product Joao Reginatto emphasized that devs soon won’t care what blockchain they build on, as interoperability will be key.
8 days agocryptodaily
Inery Token $INR goes Live On Huobi Following Successful VC raise
Singapore, Singapore, 28th September, 2022, Chainwire$INR is live on Huobi, after successful VC rounds and several strategic partnership announcements. Trading officially opened at 13:00 UTC today, September 28th and the project saw its token trending up from $0.22 to $0.44 within the first few hours. The listing is an important milestone for Inery on its journey to revolutionize how data is handled on the decentralized web. Inery, a decentralized data system envisioned to enable a new paradigm for data management, has been listed on Huobi exchange, one of the world’s leading crypto exchanges, supporting over 1000 trading pairs and more than 600 cryptocurrencies. This will help bring Inery’s vision to the markets and onboard more people in its mission to reshape the world through the paradigm shift in data management. Inery Decentralized Data System Specifically designed to address database management by integrating blockchain functionalities and distributed database properties, this project aims to enable interoperability between different industries without compromising security, speed, or performance. Inery Decentralized Data System will enable users to read, write, delete, and control their data, ushering in a new decentralized and secured internet era, where data loss and misuse will no longer be an issue. With a proprietary blockchain running on MEM (memory) nodes, Inery is able to ensure this, while adding a level of encryption guaranteeing data privacy. Made to not only provide an upgrade to Web3, but also be more eco-friendly and cost-efficient, Inery is a project offering real-world use cases to individuals, enterprises, and governments in the space of healthcare, GameFi, finance, and more. The $INR token is the network’s native token, used to secure and empower the Inery ecosystem. Successful VC round, partnerships, recognition The listing comes after Inery carried out successful investment rounds, where it saw VCs like Global Emerging Markets (GEM) invest $50 million. Other venture capital investors to join Inery include Metavest who invested at a valuation of $128 million, Nebulous Holdings AG, Zazen, Menas Global, Cap Lion Point, and Truth Ventures. To develop use cases, Inery also announced strategic partnerships with Sadiqa, Crescotec, NexBloc, and the award-winning global marketing firm – Luna PR. In recognition of its achievements, Inery has already received prestigious awards in the blockchain space. It was recently accoladed as the “Best Emerging Blockchain Solution” at the Leaders in Fintech 2022 Awards and its CEO Dr. Naveen Singh received the “Blockchain Leader of the Year” award at the prestigious GB Tech Awards. Inery is also one of the few projects to have a public testnet launch in August ahead of its listing. Its successful testnet release with over 160 nodes allowed developers to test the different functions and features of its blockchain. With the feedback received, it will move ahead with its mainnet expected to launch in Q1 2023. INR is currently live on Huobi with the trading pair INR/USDT. The token has achieved a trading volume of 1.2 Million $INR. It launched at a price of $0.22 and is trading at $0.43. Withdrawals begin tomorrow, September 29, at 13:00 (UTC). During the first month of trading $INR on Huobi, traders can provide liquidity in the staking pools for staking rewards and transaction fees. Traders can also benefit from INR trading competitions to win awards in prize pools during the same period. Besides staking campaigns and trading competitions, they will run KOL competitions. Follow Inery’s announcements on Twitter and Discord to stay updated. Inery is led by Dr. Naveen Singh, CEO and Founder; Ivan Vujic, CTO and Founder, and Simon Murray, founder of Orange Telecom – CBE and Chairman. Mr. Satjiv S. Chahil, former Vice President of Global Marketing at Apple, recently joined the Advisor board as the new Principal Advisor prior to the $INR listing to help drive mainstream adoption. About Inery Inery is a layer-1 blockchain solution that provides a decentralized, secure, and transparent foundation for decentralization of data and its management. Inery envisions a paradigm shift in data and database management by integrating blockchain technology and distributed database synergies. ContactDirector of Marketing & PRTijana D GertnerINERY PTE. [email protected]
8 days agocryptodaily
Fed Chair Bats For DeFi Regulation, Cites “Structural Issues”
Acknowledging that DeFi would soon expand into the retail space, the Federal Reserve Chair, Jerome Powell, called for the regulation of DeFi. However, he stated that the regulation should be made carefully and thoughtfully, given its impact on the real economy. However, policymakers are keen on the regulation of the DeFi space following the collapse of the terraUSD stablecoin. Significant Structural Issues Jerome Powell, the Chair of the U.S. Federal Reserve, today talked about the growth and expansion of decentralized finance (DeFi). He also talked about its impact on the traditional financial ecosystem and called for its regulation before it expands into retail. Powell was speaking during the “Opportunities and challenges of the tokenization of finance” event, organized by the Banque de France on the 27th of September. “Within the DeFi ecosystem, there are these very significant transparency, lack of transparency [issues],” Appropriate Regulations The Need Of The Hour Powell acknowledged that the interaction between DeFi and the traditional banking system has been limited, which has helped minimize the impact of the ongoing “DeFi Winter.” However, he stated that this limited interaction was enough to demonstrate the weaknesses and the work required to frame appropriate DeFi regulations moving forward. “The monetary policy normalization that we’re seeing all over the world, all it did was reveal … significant structural issues in the DeFi system, and conflicts of interest. All of those things have been revealed now that the tide has gone out. We need to be very careful about how crypto activities are taken within the regulatory perimeter, where ever they take place […] there is a real need for more appropriate regulation.” The Federal Reserve Chair also stated that he preferred applying the same rules of conventional finance to DeFi, going by the mantra of “same risks, same regulations.” He also suggested applying the same to several novel features such as decentralized governance, replacing intermediaries with code, and using unhosted crypto wallets, which help to facilitate money laundering. No Rush To Introduce CBDCs Powell also revealed that there was no rush to introduce central bank digital currencies (CBDCs), stating that they have decided not to proceed with the idea for now and don’t see any real decision for some time due to the move requiring approval from both Congress and the executive. “We have not decided to proceed, and we don’t see ourselves as making that decision for some time. We’re evaluating both the policy issues and the technology issues, and we’re doing that with a very broad scope.” BIS And European Commission Raise Concerns Powell’s comments followed concerns raised by the Bank of International Settlements (BIS) general manager, Agustin Carstens, who voiced concern about the stark contrast between decentralized finance and traditional finance. Carsten stated that one challenge central banks and regulators face is the borderless nature of crypto and DeFi. Mairead McGuinness also called for international cooperation in framing new rules for cryptocurrencies and DeFi. McGuinness stated, “Decentralized finance challenges some of the fundamental aspects of the financial system as it currently exists. The [European] Commission is monitoring the developments and risks in this fast-moving area very closely.” Other bankers were far more skeptical of the crypto space and were quite critical, with the Singapore Monetary Authority’s Ravi Menon stating that he does not see any redeeming value in cryptocurrencies. European Central Bank’s Christine Lagarde cited the collapse of terraUSD to push for stronger regulation of the sector, stating that Satoshi Nakamoto’s crypto dream has been abused. “Mr. Do Kwon, who is on the run, is the other side of that enigmatic coin, which warrants the regulation that has been advocated by both Jay and Ravi.” 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.
12 days agocoindesk
Urbit Is Web3, Weird and Wonderful and I Don’t Care Who Made It
Curtis Yarvin's ideology aside, the peer-to-peer computer network he designed should be evaluated on its own merits.
22 days agocointelegraph
Institutional investors headed for a tipping point on crypto — Apollo Capital
Apollo Capital CIO Henrik Andersson said there will come a point when not investing in crypto will be a “career risk.”
22 days agocointelegraph
$491B asset manager KKR’s health care fund tokenized on Avalanche
To access the fund on the Securitize protocol, investors need to submit their passport, fill out personal and tax information and complete a "liveness check."
23 days agocoindesk
Investment Giant KKR Puts Portion of Private Equity Fund on Avalanche Blockchain
American investment firm KKR has made its Health Care Strategic Growth Fund available on the Avalanche blockchain.
30 days agozycrypto
Cardano Eyes ‘Monster Move’ As ADA Builds Up Momentum To Knock Out XRP Ahead Of Vasil Upgrade
Of late, there has been a lot of buzz about Cardano’s upcoming network upgrade that will usher in the next era in its carefully planned evolution.
31 day agocoindesk
First Mover Asia: Bitcoin Holds Tight Below $20K; Blockchain Protocol Cardano Arrives on Robinhood. Who Cares?
Other protocols have far exceeded Cardano for total value locked; bitcoin and ether trade sideways over the weekend.
34 days agocointelegraph
Powers On… Insider trading with crypto is targeted — Finally!
Powers On... is a monthly opinion column from Marc Powers, who spent much of his 40-year legal career working with complex securities-related cases in the United States after a stint with the SEC. He is now an adjunct professor at Florida International University College of Law, where he teaches “Blockchain & the Law.”
39 days agocointelegraph
Bitcoin mining difficulty set for 8-month record gains despite BTC price dip
Bitcoin network fundamentals seem not to care about spot price weakness, with both difficulty and hash rate making an impressive recovery.
43 days agozycrypto
Ethereum’s Largest Mining Pool Shuns Proof-of-Work Fork, Set Sights On ETC, And Other GPU Mineable Coins
Bitfly, the firm behind Ethereum’s most significant mining pool Ethermine has revealed in a recent blog post that it will be ceasing all Ethereum Proof-of-Work (PoW) mining operations following The Merge. Additionally, it will not create a dedicated mining pool for any Ethereum PoW fork. “After carefull [careful] evaluation bitfly has decided not to offer […]
49 days agocryptopotato
Crypto Token Launches Meditate2Earn Program Rewarding Holders for Self-Care
[PRESS RELEASE – London, England, 18th August 2022] The team behind Ryuuko Tsuka, an innovative new wellness token, has launched Meditate2Earn. The token is inspired by the Dejitaru TSUKA token and in particular shares its values around community spirit, collaboration, and wellness. Ryuuko Tsuka will pay USDC to holders who participate in daily meditation and […]
49 days agocryptopotato
Anthony Hopkins is Launching an NFT Collection To Celebrate His Career
After releasing an NFT Movie, Anthony Hopkins is launching a new NFT collection about his life as an artist.

About Carebit

The live price of Carebit (CARE) today is ? USD, and with the current circulating supply of Carebit at 157,853,770.40 CARE, its market capitalization stands at ? USD. In the last 24 hours CARE price has moved 0.000003 USD or 0.06% while 2.97513 USD worth of CARE has been traded on various exchanges. The current valuation of CARE puts it at #0 in cryptocurrency rankings based on market capitalization.

Learn more about the Carebit blockchain network and how it works or follow the price of its native cryptocurrency CARE and the broader market with our unique COIN360 cryptocurrency heatmap.

Carebit Price? USD
Market Rank#0
Market Cap? USD
24h Volume? USD
Circulating Supply157,853,770.40 CARE
Max Supply250,000,000 CARE
Yesterday's Market Cap8,353.54 USD
Yesterday's Open / Close0.000055 USD / 0.000058 USD
Yesterday's High / Low0.000205 USD / 0.000043 USD
Yesterday's Change
0.06% ( 0.000003 USD )
Yesterday's Volume2.97513 USD
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