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1h agocryptodaily
You Should Invest in Polkadot (DOT) and The Hideaways (HDWY) Now for the Big Payoff in 2023
There has been a lot of buzz in the crypto community about a new project called The Hideaways. In response to the success of the Hideaways (HDWY) presale, eager buyers are snapping up the token before it even hits the market. Investors in Polkadot (DOT) are the most likely to be considering incorporating The Hideaways (HDWY) into their holdings. Polkadot (DOT) Is The Standard For DeFi The cryptocurrency industry has recently experienced unprecedented growth. Yet now it's a network of thousands of isolated initiatives that don't share any resources. This is where Polkadot (DOT) comes in. Polkadot aims to establish a unified decentralized market through its cryptocurrency token. It aspires to facilitate communication and cooperation amongst autonomous blockchain networks. With this capability, value and data can be transferred between networks. Having a standardized system like Polkadot is great news for the cryptocurrency industry as a whole. Polkadot is now being used in a number of different projects. The value of this blockchain will rise as more and more applications begin using it. The need for cryptocurrency projects with real-world applications is high right now. Polkadot's (DOT) meteoric rise to fashion stardom is largely attributed to this. Experts in the cryptocurrency industry are optimistic about the long-term viability of Polkadot (DOT). The Hideaways (HDWY) Project Deliver A Solid Use Case If you are trying to diversify your crypto holdings, The Hideaways is a great option (HDWY). The Hideaways (HDWY) is a very new and highly profitable cryptocurrency. The Hideaways (HDWY) is a platform for trading non-fungible tokens (NFTs) backed by luxury real estates such as private villas, mansions, and penthouses. The Hideaways (HDWY) is predicted to develop into a top-tier "Blue Chip" crypto protocol. The Solidproof evaluation of this new venture was positive, and industry analysts predict rapid expansion in 2023. The innovative idea of The Hideaways has garnered a lot of praise. In addition, as per the analysis of crypto experts, The Hideaways (HDWY) price will climb by a factor of more than a hundred in the future months. It is highly suggested that you take advantage of the current pre-sale for The Hideaways (HDWY). Website: https://www.thehideaways.io/ Presale: https://ticket.thehideaways.io/register Telegram: https://t.me/thehideawayscrypto Twitter: https://twitter.com/hdwycrypto Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
1h agocryptodaily
Code is the answer - not more regulation and intermediaries
Heavy regulation is on the horizon for the crypto industry. However, is this going to help the innovations that can change everything for finance? Crypto to zero? According to leaders from the banking industry, world financial agencies, and government watchdogs, the crypto industry is one that is just too dangerous for the financial system to tolerate, or for the average Joe to invest in. All the ‘centralised’ crypto exchanges are on the verge of collapse if they haven’t already done so, and the ensuing contagion is likely to cause most cryptocurrencies to go to zero, and for Bitcoin to head well under $10,000. Heavy regulation and intermediaries That will then be that. Or will it? Surely it cannot be argued that the financial system we have in place is fit for service? Inflation is rampant, debt is at the highest level it has ever been in monetary history, and it will probably only take the odd bank or two to go down to bring the rest of the pack of cards down as well - just like the legacy finance leaders are saying about crypto. Gary Gensler is the chairman of the Securities and Exchange Commission (SEC). He says that he wants to insert intermediaries in between every DeFi platform and those who want to transact with them. The MiCA regulation that is about to be passed into law in Europe would inflict onerous requirements upon all crypto platforms that would probably see them leaving European shores in droves. It all seems to be about regulation aimed at squashing the life out of crypto. It could be asked though, has regulation, no matter how heavy and demanding, done a great deal to stop banks carrying out nefarious activities that have done massive harm to the economy and investors alike? Crypto vs CBDCs We are at a junction. The road favoured by governments, banks, and the major world financial agencies is one where the legacy, fiat-backed monetary system persists, and where within a couple of years or so, central bank digital currencies (CBDCs) are phased in in order to assert total monetary power over citizens. The other road is being prepared by entrepreneurs, builders and thinkers from around the world. On this road the way forward is not about onerous regulation, harsh enforcement, and total control, it is about code. The code is all about doing away with intermediaries in any shape or form. All regulations and requirements can be built in at the beginning so there just isn’t any need for huge government watchdog agencies. Bitcoin is built on code. It doesn’t need entities like the Federal Reserve with its teams of economists to ease or tighten monetary policy, it just does what the code tells it to do, and therefore it provides a system which has the strongest network the world has ever seen, totally secure, and allowing anyone to interact with anyone else in the world without any intermediary saying yay or nay. Governments and banks do not like this. It eats into their power and control because it has no political leanings, no racial prejudices, and isn’t controlled by anyone. When CBDCs come into being and the world’s population finally understands what is at stake, code will be the answer. A trustless system is what the human race needs, and out of the innovation in crypto will come such a system. Bitcoin is already here, we just need that fair and trustless monetary exchange system to go with it. 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.
1h agocryptodaily
FTX Collapse Shocks Shiba Inu (SHIB) And Ethereum Classic (ETC) But Not The Hideaways (HDWY)
Without a doubt, the cryptocurrency industry took a hit when the FTX empire fell. The market value of nearly every cryptocurrency fell. Even the meme coin Shiba Inu (SHIB) and popular coin Ethereum Classic (ETC) didn't escape the FTX tragedy. But there was one coin which did, and that’s The Hideaways (HDWY). Anonymous Whale Moved 1.8 Trillion Shiba Inu Shiba Inu (SHIB) have always been popular with whales. Etherscan data shows that a whale sent 1.8 trillion SHIB to the exchange Binance. The unnamed whale made a single trade valued at more than $16.5 million in SHIB. According to the records kept by Etherscan, the unidentified whale received the $1.8 trillion SHIB in two separate purchases. The SHIB was subsequently relocated to Binance by the anonymous whale. Partially due to the FTX crash, Binance processed transactions totaling 499.9 billion SHIB. For their security, whales are eager to get their cryptocurrency out of their wallets and into cold storage. Coinbase Drops Ethereum Classic Coinbase, the largest cryptocurrency exchange in the United States, has announced that it will stop supporting Ethereum Classic (ETC) and other low-volume cryptocurrencies on its self-custody crypto wallet. The Ethereum Classic (ETC) token is the money powering the Ethereum Classic blockchain, enabling users to create decentralized applications on top of the Ethereum platform. In other words, its market valuation ranks at number 25 among all digital assets. But ETC’s rank did not matter to whales. As soon as Coinbase announced it was dropping the coin, ETC’s price declined 2.19%, trading at $19.50. The Hideaways Leads Top Presales As It Acquires Interest From Massive Investors No other cryptocurrency endeavor can compare to The Hideaways and its coin HDWY in terms of utility and benefits. In today's market, you may buy a property for just $100. Since there is a growing number of Shiba Inu (SHIB) and Ethereum Classic (ETC) investors leaving the ship for The Hideaways, it's time to find out why: The Hideaways will be issuing an NFT backed by rental income from real estate, with additional income from staking. Although it has been out for a month, presale is still in its infancy. Leading experts anticipate big price hikes before the presale ends. The rental income collected by the Hideaways will be refunded in USDT and ETH. The market value of HDWY tokens is projected to increase by 150% by 2023, making early investors the most successful. At present, one HDWY token can be purchased for a super low price right now considering the gains it will make. Check out the links below to join The Hideaways presale! Website: https://www.thehideaways.io/ Presale: https://ticket.thehideaways.io/register Telegram: https://t.me/thehideawayscrypto Twitter: https://twitter.com/hdwycrypto Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
4h agocryptodaily
Web3 Aims To Foster Creator-Fan Economies Driven By Real Value
Sparked by millions of content creators and their legions of fans, the Web2 ecosystem laid the foundation for a creator-focused economy. As smartphone penetration continued to rise and the internet became easily accessible to billions of users across the globe, this fledgling ecosystem of creators has positioned itself at the epicenter of Web2. However, Web2, due to its overly centralized nature, hasn’t been able to deliver on its promises of a creator-focused ecosystem fully. As of now, dominant Web2 platforms like YouTube, Facebook, Twitter, TikTok, and dozens more effectively control both user-generated content (UGC) and the means of monetization. Web2 Platforms Don’t Really Care About Creators and Fans The hype centered around the creator economy has gradually eroded across the Web2 spectrum, primarily because of the shortcomings of the Web2 model. Historically, most Web2 platforms have forever opted for a more “hands-off” approach toward creator monetization. Creators spend thousands of hours and put in unlimited efforts to create content that they use to build an audience. Unfortunately, existing content-sharing platforms offer little to no support for creators who wish to monetize their content. A few scenarios, such as YouTube’s ad revenue program or TikTok’s billion-dollar creator fund, are exceptions, but they, too, come with several caveats. Meanwhile, mainstream platforms like Instagram, Facebook, and Twitter have forever ignored opportunities to facilitate transactions between creators and their audiences or between creators and brands. The problem here is that most platforms either want to be directly involved in the process, meaning they want to control the entire monetization spectrum, or they want to create models where content creators become fully dependent on their Web2 gatekeepers. For now, content creators only have a handful of options to monetize their content. One option is to strike brand deals and sponsorships. Another potential option is to embed third-party solutions (external links) like Patreon to raise funds. Most social platforms don’t encourage embedding third-party links and sometimes even block such accounts or restrict the reach of their content. This leaves the majority of content creators at the mercy of the platform itself. For example, YouTube content creators have become overly dependent on the platform’s ad revenue model. After all the work and meeting stringent qualifications, creators only receive roughly 45% of the ad revenue. While this sounds enticing, it also means that YouTube essentially controls the content. If content doesn’t meet community standards defined by a handful of executives, creators can be demonetized or lose their channels. And in this tug-of-war between content creators and content-sharing platforms, the fans are generally overlooked. These fans who spend countless hours across platforms, consuming content from their favorite creators, receive nothing in return. Shifting The Web2 Paradigm With Novel Incentivization Models This is where Web3 initiatives come to the rescue. Driven by new-age technologies like blockchain, digital currencies, and NFTs, these platforms are gradually transforming the Web2 approach by granting more power, control, and ownership to both content creators and fans. These initiatives aim to remove centralized authorities and intermediaries from the process, thereby unlocking novel monetization models for creators and their fans. Take, for instance, the community-first approach of Snapmuse. As a full-fledged Web3 ecosystem, Snapmuse overcomes the shortcomings of Web2 platforms by empowering content creators and fans to build (and foster) communities supported by genuine value. The platform takes an uncanny approach towards monetization by allowing content creators to mint NFTs of their content and embed a portion of their ad revenue in these NFTs. This approach works in favor of both content creators and their fans. On the one hand, fans can purchase the NFTs from their favorite content creators, which allows the content creators to unlock an additional revenue stream. This means that creators no longer have to depend on one single monetization source but can instead generate passive revenue streams by both direct NFT sales and subsequent sales across secondary marketplaces. Simultaneously, this approach unlocks potential revenue streams for fans. In the Web2 model, content consumers are largely overlooked. Via Snapmuse’s Web3 model, fans gain their fair share of passive income by supporting content creators they like. Every time a fan purchases an NFT, they unlock a share of the creator’s ad revenue directly embedded in the NFTs. This means fans receive a share of the creator’s ad revenue as well. Snapmuse’s approach lays the foundation for redefining Web2 standards by allowing creators and fans to come together and forge communities driven that are value-added while also revolutionizing the social media experience for millions of creators and fans. 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
4h agocryptodaily
Cramer says sell - is this the bottom for crypto?
When Cramer of CNBC tells his audience to sell, shouldn’t they be buying? Cramer urges his viewers to sell The eternal joke is that when you hear Jim Cramer of CNBC urging his audience to buy or to sell then this is the time to do the complete opposite. In Monday’s video for CNBC, Cramer told his viewers that there was still time to sell their cryptocurrency holdings. He expanded on this by saying “it’s never too late to sell an awful position”. "You can't just beat yourself up and say, 'hey, it's too late to sell.' The truth is, it's never too late to sell an awful position, and that's what you have if you own these so-called digital assets," It might appear that Cramer is giving some fairly sound advice. He is pointing at the Fed tightening going on and saying that investors shouldn’t be in speculative assets whilst this is happening. Not too many people would disagree with this, given that in this kind of environment, the more speculative the asset, the more likely it is to take a bigger hit than safer assets such as gold for example. Other factors to consider However, there are always other factors to consider. Fed Chairman Powell is starting to signal that further interest rate rises may be less steep than they have been so far, perhaps getting the market ready for the inevitable pivot that could come at some time in 2023. As some analysts are saying, a market rally nearly always comes before the Fed makes its pivot, and it usually plummets right afterwards. Crypto could be boosted by this, especially given that it has been the hardest hit asset class so far. It might also be said that the worst time to sell an asset is when it is near its bottom. Cramer would probably argue that crypto will fall a lot further, and of course, he may be right. But if crypto led all asset classes into a bear market, wouldn’t it be more likely that it might lead them out? From a technical perspective, the total crypto market cap does look as though it is making a double bottom, and if this is so, then Bitcoin might well have hit its own double bottom. Promising technologies This isn’t to say that of the more than 20,000 cryptocurrencies, maybe 99% of them will go to zero. However, among them, there are extremely promising technologies that may one day completely revolutionise a monetary system that is sorely in need of it. Cramer spoke on Monday about what happened to bad stocks during the dotcom collapse. But he didn’t spend any time talking about what happened to the good ones that ended up becoming the mainstay of stock markets from then on. When Mr Cramer tells his audience to sell he must certainly be doing so by listening to his inner conviction telling him that he is right. However, markets don’t usually follow the expected course. Trading in these uncertain times is extremely perilous. Take much care. 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.
6h agocoindesk
Bitcoin's Stagnant Crypto Dominance Points to Investor Exodus After FTX Bankruptcy
"Because of the size of this year's scandals and their far-reaching impacts, a lot of investors aren't moving to BTC because they're just leaving the space entirely," one expert said.
6h agocryptodaily
Orthogonal Trading Gets Default Notice for $36M Debt
Orthogonal Trading has defaulted on eight loans worth around $36 million on DeFi lending protocol Maple Finance. The default has resulted in Maple Finance severing ties with Orthogonal Trading for misrepresenting its financial position. A $36 Million Default It has emerged that crypto firm Orthogonal Trading has defaulted on $36 million worth of loans taken on DeFi lending protocol Maple Finance. The default came after it was revealed that Orthogonal Trading’s funds had become tied up with bankrupt crypto exchange FTX. The default is considered significant, impacting 30% of all active loans on the lending protocol. As a result of the default, Maple Finance has severed all ties with Orthogonal Trading. Orthogonal Trading runs a credit business and a crypto hedge fund. According to the statement released by Maple Finance, it is removing the firm as a borrower on the Maple Finance platform, and also removing Orthogonal Credit as a delegate, and shutting down its lending pools. M11 Credit Issues Default Notice Orthogonal was due to repay a $10 million USDC stablecoin loan from a credit pool managed by M11 Credit. The company was a significant borrower on Maple Finance and also a manager and underwriter of a credit pool on the DeFi protocol. As a result of the default, M11 Credit issued a notice of default to Orthogonal for all of its outstanding loans on Maple’s USDC Stablecoin Pool. The majority of the defaults, amounting to around $31 million, are in the M11 USDC pool, run by M11 Credit. The default notice also covers Orthogonal’s wrapped ether (wETH) loans worth around $5 million. This loan is from another M11 Credit-managed lending facility on Maple. In a blog post, M11 stated that Orthogonal misstated their exposure to FTX. The post added, “We believe that Orthogonal Trading previously purposefully misstated their exposure and has therefore committed a serious breach of the Master Loan Agreement (MLA). Rather than cooperating with us and disclosing their exposure, they attempted to recover losses through further Trading, ultimately losing significant capital.” According to M11 Credit, Orthogonal only informed them on the 3rd of December that it had incurred larger than disclosed losses due to its exposure to FTX and, as a result, would not be able to repay its debt. “We are extremely shocked and disappointed by the actions of Orthogonal Trading. Purposefully misstating information during the numerous contacts we have had over the last weeks severely impacted our ability to manage our outstanding credit risk.” Maple Finance Severs Ties As a result of the default, Maple Finance decided to sever ties with Orthogonal, stating that the company had misrepresented its financial position. In a scathing statement, Maple stated that Orthogonal was “operating while effectively insolvent” and did not communicate to Credit M11 or Maple Finance that it would be unable to service the debt. The statement added, “It is now clear that they [Orthogonal Trading] have been operating while effectively insolvent, and it will not be possible for them to continue operating a trading business without outside investment. Misrepresentation like this is in violation of Maple’s agreements, and all appropriate legal avenues to recover funds will be pursued, including arbitration or litigation as necessary.” According to a Maple Finance spokesperson, the firm expects to recover at least $2.5 million, which will be used to cover the damage from the default. These funds will come from the pool cover and fees accrued by Orthogonal, which are still on the platform. M11 Credit is also considering legal action against Orthogonal, hoping to recover some of the funds. Maple Finance Founder Disappointed By Events Sid Powell, the founder of Maple Finance, revealed that he was shocked and disappointed by the incident. However, he also acknowledged the growing need for more stringent due diligence when it comes to undercollateralized lending. He added that the platform might look to introduce partially collateralized loans moving forward. Powell also assured users that the protocol locks pool funds in separate smart contracts and that the losses were limited only to the impacted pools. Funds in other pools remained safe, Powell stressed. 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
12h agocointelegraph
Ripple CTO shuts down XRP conspiracy theory from ChatGPT
An AI chatbot alleged Ripple can secretly control its blockchain through an undisclosed backdoor in the network's code and has been ridiculed by the firm's CTO.
13h agonulltx
Next Level Yields Will Drive Oryen Network Further Than GMX And SNX
Users can receive cryptocurrency rewards through staking by either contributing assets to a pool or a contract, similar to how depositors get interest on their savings in conventional banks. Utilizing this concept, the new DeFi startup Oryen (ORY) is generating customers an incredible passive income through its Initial Coin Offering (ICO). The price of the […] The post Next Level Yields Will Drive Oryen Network Further Than GMX And SNX appeared first on NullTX.
14h agonulltx
Cosmos (ATOM) And BudBlockz (BLUNT) Are The Most Promising Crypto In The Market
Investors have a keen eye on two promising crypto platforms; Cosmos (ATOM), primarily an interoperable blockchain platform that allows users to connect with other blockchains. The other one is BudBlockz, a massively popular and high-performing cannabis crypto and NFT platform. There are some good reasons blockchain experts and investors speculate that these two projects have […] The post Cosmos (ATOM) And BudBlockz (BLUNT) Are The Most Promising Crypto In The Market appeared first on NullTX.
22h agocryptopotato
Bitcoin Pushes Above $17K But is Another Crash Inbound? (BTC Price Analysis)
Following a massive decline in early November, Bitcoin’s price has consequently suffered from extremely low volatility. The cryptocurrency has been consolidating with serious downward momentum since this significant drop. Technical Analysis By Shayan The Daily Chart After falling below both the yellow trendline and the significant support level of $18K, the price is seeing very […]
23h agocointelegraph
How can UK-based businesses accept Bitcoin?
Through Bitcoin payment processors like BitPay, businesses in the UK can offer BTC as a payment method during checkout.
1 day agocryptodaily
Sparklo (SPRK) opens presale and sells over 15 million tokens in 30 seconds
Sparklo, a new alternative investment platform, has recently launched its presale and is receiving a lot of attention. Within 30 seconds from its pre-sale launch, Sparklo sold over 15 million tokens. This presale performance is quite impressive compared to the success of other popular cryptocurrency projects like Solana (SOL) and Dogecoin (DOGE). Dogecoin (DOGE) Is Losing Its Momentum Dogecoin (DOGE) is the oldest and the most popular meme coin. Even though it is a meme coin, it is possible to see Dogecoin (DOGE) being ranked within the list of top 10 cryptocurrencies. However, Dogecoin (DOGE) is losing momentum now. It reached peak popularity in 2021, but since then, the value of the Dogecoin (DOGE) token has continued to drop. Therefore, investing money in Dogecoin (DOGE) is not a good idea to be considered at all. Solana (SOL) Is Failing To Deliver Significant Returns Solana (SOL) has made significant progress by introducing a super-fast blockchain system for users. Investors are quite thrilled as well because Solana (SOL) is known for delivering outstanding returns for them. However, the current trading value of the Solana (SOL) token is only $13.88. This is expected to fall further in the future. Hence, investors are not encouraged to invest in Solana (SOL). Sparklo (SPRK) Opens Up A New Alternative Investment Opportunity Cryptocurrency investors who are searching for an excellent alternative investment may take a look at Sparklo. Sparklo, being a new initiative, has the potential to deliver promising returns in the future as a potential blue-chip cryptocurrency. Sparklo will be the first cryptocurrency that enables users to buy NFTs backed with real-world assets like gold, silver and platinum. Users who purchase the entire NFT can have the asset delivered to their doorsteps. The Level 1 Presale of Sparklo is happening now and anyone interested can invest in it. The current presale price of Sparklo is only $0.013. This is expected to grow by 4,000% in the next few months. Sparklo has been audited by Interfi Network, and the liquidity of Sparklo will be locked for 100 years, this delivers a safe long-term investment opportunity for everyone. We feel that Sparklo will be a successful investment for those early investors. Find out more about the presale: Buy Presale: https://invest.sparklo.finance Website: https://sparklo.finance Twitter: https://twitter.com/sparklo_finance Telegram: https://t.me/sparklofinance Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
1 day agocryptodaily
The Hideaways (HDWY) Becomes The Best Crypto To Buy Next To Shiba Inu (SHIB) And Solana (SOL)
A new cryptocurrency called The Hideaways (HDWY) appears to have more promise than some of the more established coins like Shiba Inu (SHIB) and Solana (SOL). For the same reason, a lot of people are moving forward with plans to put money into The Hideaways (HDWY). Shiba Inu (SHIB) Stacking Rewards Will Eventually Be Profitable Unlike Dogecoin, which benefits from Musk's support, Shiba Inu does not. The staking benefits offered by the 'Dogecoin killer,' however, set it apart from other cryptocurrencies and could prove to be a major factor. Investors can participate as validators and contributors to the cryptocurrency pool simply by staking or "burying" Shiba Inu coins. Then, as time progresses, they are rewarded with one of three tokens: BONE, SHIB, or LEASH. Therefore, investors can still earn a healthy return by simply holding onto Shiba Inu, even though the cryptocurrency is now experiencing a rough patch. On top of that, since Shiba Inu (SHIBA) is often associated with Dogecoin, Shibas' value may rise with its canine competitor's. Solana (SOL) A Leading Blockchain Platform Since its launch in 2017 on the cryptocurrency market, Solana (SOL) has been a fan favorite among crypto traders. Since then, there has been a dramatic increase in the coin's popularity and user base. Compared to other cryptocurrencies on the market today, Solana (SOL) stands out thanks to its unparalleled combination of security, decentralization, and scalability—it can process up to 65,000 transactions per second. In addition to its impressive transfer rates, the Solana (SOL) network also has several other distinct advantages. It's rare among blockchains because it offers such low-cost transactions. Many cryptocurrency investors consider Solana (SOL) to be one of the best purchases one can make because of the market's emphasis on its practicality. The Hideaways (HDWY) The Next 200x Project According to our crypto specialists, a 200x return is expected for The Hideaways holders by 2023. The Hideaways have paved the door for investors to purchase luxurious properties by offering fractionalized NFTs. More justifications for putting money into The Hideaways (HDWY) are: The German firm Solidproof has previously conducted an audit of the platform to evaluate its efficacy and reliability. The Hideaways (HDWY) developers have taken extra precautions to protect their project by freezing tokens for two years and locking away the liquidity forever. We can confidently predict that The Hideaways (HDWY) will continue to be a successful investment. We strongly advise you to go to the pre-sale for The Hideaways right now and take advantage of the cheap entry price. Website: https://www.thehideaways.io/ Presale: https://ticket.thehideaways.io/register Telegram: https://t.me/thehideawayscrypto Twitter: https://twitter.com/hdwycrypto Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
1 day agocryptodaily
CBDC track record far inferior to crypto so far
Central bank digital currencies are touted by central banks as the solution to the world’s monetary problems, but they are poorly taken up by populations. As the world’s debt-based monetary system struggles to keep going, the central planners are trying to lay the foundations for a planet-wide roll out of central bank digital currencies. The Bank of International Settlements (BIS), the central bank of central banks, has published an edict that obliges all central banks to issue a CBDC within the next 2 to 3 years. However, as many countries are developing their CBDCs, some countries have already implemented them, and it appears that they haven’t been particularly successful so far, except in the case of China, where a piloting phase is still in operation. e-Naira, JAM-DEX, and DCash The Nigerian iteration of a CBDC is called the e-Naira, and it’s been in circulation since October of 2021. According to Tech Monitor, only 200,000 transactions of the e-Naira, worth around $9.5 million, have been recorded. As of May this year only 80 retail merchants had signed up to use the e-Naira, while downloads of the app had only been made by a mere 0.25% of the population. In the Caribbean it was a similar story. The Jamaican JAM-DEX and DCash were issued in the Eastern Caribbean, though only 3.4% of Jamaicans downloaded the Lynk app for the JAM-DEX, and only 1.72% downloaded the app for DCash. Problems so far have included onboarding merchants, which the Tech Monitor article described as “embarrassingly difficult”. Also, DCash went offline for two months after the certificate for the network that hosts it expired. Crypto vs CBDCs in India India is the fourth largest adopter of cryptocurrencies worldwide. Perhaps this is due to a heavy use of remittances in the country. This particular market was valued at $100 billion this year by the World Bank. However, be that as it may, the Indian government has cracked down heavily on the crypto industry, imposing a 30% tax on crypto trading, and even trying to ban it outright, although this was overturned by India’s Supreme court. It has been posited that CBDCs could theoretically make faster remittance payments, but then that still leaves the not so small matter of Indian citizens completely losing their monetary independence with CBDCs. Bitcoin is a way out Crypto may have gone through the mill over the last few months with all the turmoil from collapsing centralised exchanges, but Bitcoin is still there, and still provides a door out of a future where citizens are beholden to the central bank to be able to spend their money. It could be that CBDCs might not be successful, or citizens could outright refuse to use them. If this should happen, then Bitcoin will be waiting patiently in the wings to provide a sovereign form of real money that holders can spend when and to who they like. 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 agocryptopotato
Multi-Chain Wallet BitKeep Officially Connects to WalletConnect 2.0
[PRESS RELEASE – Please Read Disclaimer] The BitKeep mobile terminal is now compatible with WalletConnect 1.0 and 2.0 versions. The Web 3.0 communication protocol WalletConnect has connected to the multi-chain wallet BitKeep, regarding BitKeep as a vital part of the “Wallet + DApp” ecosystem. Users can smoothly experience BitKeep wallet with WalletConnect by scanning the […]
1 day agocryptodaily
XDC Liquidity Mining Campaign Led By Hummingbot is a Best Move For Bringing Larger Community to Provide Liquidity.
Hummingbot, a California-based open-source DeFi market making software platform, launched a 12-week liquidity mining campaign for XDC on prominent crypto exchanges – Gate.io and KuCoin. This XDC-based campaign started around 12.00 UTC on Tuesday. Significantly, this is a crucial move on behalf of the XDC Network to unify large communities to provide liquidity. We're thrilled to welcome $XDC @XinFin_Official with a
1 day agocryptopotato
The Fabricant Launches Wholeland: The Ultimate Web3 Fashion Experience
{PRESS RELEASE – Amsterdam, Netherlands, 5th December 2022] Pioneering startup The Fabricant has gone live with its boundary-pushing digital fashion storytelling project Wholeland, with a trailer that sets the scene for a provocative world that splices digital couture, mythology and the rave scene. The ambitious move is designed to raise the bar for the wider […]
1 day agocoindesk
The OG Streetwear Designer Fighting for NFT Creator Royalties
When 20-year-old streetwear brand The Hundreds jumped into Web3 last year, its loyal fans spent upwards of $100 million on its NFTs. This year it canceled its OpenSea drop in a principled stand for creators’ financial interests. That’s why Bobby “The Hundreds” Kim is one of CoinDesk’s Most Influential 2022.
1 day agocoindesk
Miladys NFT Community Is the Counterculture to Cancel Culture
The uncanny, anime-inspired, profile pictures invite conversations about whether the sins of the creator are laid upon the creation. That’s why the Miladys NFT community is one of CoinDesk’s Most Influential 2022.
1 day agocoindesk
The Organizer of the Freedom Convoy Who Got Its Crypto Assets Frozen
Canada’s trucker protest organizers unwittingly taught us that a private citizen in that country can successfully petition a judge to freeze someone else’s crypto. That's why Tamara Lich is one of CoinDesk’s Most Influential 2022.
1 day agocoindesk
Stablecoin Issuer Circle Cancels Plan to Go Public
The firm had announced plans to go public in July of 2021.
1 day agocoindesk
The Punk Fighting for an Open Metaverse
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About Content and AD Network

The live price of Content and AD Network (CAN) today is ? USD, and with the current circulating supply of Content and AD Network at ? CAN, its market capitalization stands at ? USD. In the last 24 hours CAN price has moved ? USD or 0.00% while ? USD worth of CAN has been traded on various exchanges. The current valuation of CAN puts it at #1536 in cryptocurrency rankings based on market capitalization.

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


Content and AD Network Price? USD
Market Rank#1536
Market Cap? USD
24h Volume? USD
Circulating Supply? CAN
Max SupplyNo Data
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