COTI(COTI)

The launch of COTI’s new protocol is driven by the lack of privacy and confidentiality on all layers of the public blockchain.

The group in question had been actively using crypto since 2013.

The Narcotics Control Bureau (NCB) and the Indian Cyber Crime Coordination Centre (I4C) trained 141 officials and over 2800 officers in the financial year 2022-23.

APE/BNB, APE/ETH, CAKE/BNB, CAKE/BTC, COTI/BUSD, and COTI/USDT are among the trading pairs that will have updated tick size.

Flipkart, a leading figure in Indian digital commerce, has formed a key alliance with Polygon, one of the industry's key crypto firms building infrastructure around an ecosystem of Web3 products. The result of this collaboration is the conception of the Blockchain-eCommerce Centre of Excellence, a hub for research and development. The center's primary focus is to navigate the nascent landscape of Web3 and the metaverse, mapping out the next phase of digital commerce.The Indian digital commerce heavyweight is partnering with Polygon Labs and Hang, a leading next-generation loyalty platform, to introduce a specialized loyalty program named FireDrops 2.0. Aiming to reinvent the wheel of customer engagement and loyalty, FireDrops 2.0, powered by Hang's loyalty platform, will use underlying non-fungible token (NFT) technology to incentivize millions of Flipkart users through gamification. The application of Web3 and NFTs to brand loyalty programs is expected to revolutionize brand marketing, storytelling, and customer engagement. Polygon x Flipkart: Loyalty NFTs via FireDrops The use of NFTs in the program allows for easy ownership and redemption of rewards, thereby generating new revenue streams for brands and enabling customers to participate actively in the loyalty ecosystem. The FireDrops program also envisions a dynamic marketplace where users can buy and sell rewwards, bringing flexibility to loyalty programs and enhancing brand engagement. FireDrops 2.0 aims to offer an immersive experience to users, enticing them with surprises, games, and rewards related to their favorite brands. These interactions could allow users to earn benefits like membership passes, lifetime discounts, and more, fosterling deeper connections between users and brands. The partnerships underscores Flipkart's commitment to fostering innovation and expanding its tech offerings to transform the experience of online shopping for millions worldwide. As Flipkart steps into the Web3 arena, it is set to reshape the contours of commerce, consumption, and value generation in the digital world. Jeyandran Venugopal, the Chief Product and Technology Officer at Flipkart, expressed his enthusiasm about the partnership: “Innovation is one of the main pillars for Flipkart and we have consistently worked towards technology solutions to scale new frontiers and introduce new products and services,” Venugopal shares. Previously, Flipkart made its maiden voyage into the metaverse through eDAO, a project nurtured by Polygon. The venture, known as "Flipverse," has played a crucial role in redefining the dynamic between brands and consumers. It promotes novel, interactive experiences via non-fungible tokens (NFTs). Additionally, Flipkart's FireDrops—an accessible platform for NFTs—cultivates a space where creators, brands, and consumers can delve into the multi-dimensional value of NFTs. Prominent brands such as Adidas, Adobe, Robinhood, and Stripe have already chosen Polygon as their entry point to Web3. Flipkart's decision to align with this flourishing ecosystem underscores its forward-thinking approach to harnessing the potential of blockchain. Polygon's recent developments, notably the zkEVM scaling solution, will be pivotal in accommodating the global influx of users in Web3's next chapter. Sandeep Nailwal, Polygon's co-founder, praised the partnership when it first began sometime in late 2022, sharing that Polygon: "serves as the bridge to Web3 for the world's biggest corporations. Our goal is to shepherd the next billion users into Web3, so our partnership with Flipkart to create the Blockchain-eCommerce Centre of Excellence is an exciting prospect." Nailwal adds that Polygon recognizes the sheer amount of blockchain talent to be found in the country, and that such a resource forms opportunities for the partnership to stimulate R&D, and further "solidify India's stature as a Web3 titan." Polygon's Current Regulatory Predicament Polygon recently launched its Version 2.0 amid the troubles that it's currently facing with SEC's claim of $MATIC being a security. The crypto firm is currently expanding its efforts at privacy, and has since launched a zero-knowledge identity infrastructure program for Web3 with PolygonID. In response to the SEC's allegations, trading platform Robinhood took the step of delisting Solana, Cardano, and Polygon, effective from June 27. However, it reassured its users that the removal would be restricted to SOL, ADA, and MATIC, and no other coins on the platform would be affected. Solana (SOL), Cardano (ADA), Cosmos Hub (ATOM), Filecoin (FIL), Decentraland (MANA), Algorand (ALGO), The Sandbox (SAND), Coti (COTI), and Axie Infinity (AXS) were the other tokens implicated, as regulatory scrutiny also hit major exchanges such as Binance and Coinbase. 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.

Trading platform eToro announced on Monday that it would delist four crypto assets for its US customers, citing “recent developments.” On Monday, social investment platform eToro said it would delist four crypto tokens from its platform for US customers. The platform announced via Twitter that US customers will no longer be able to open new positions in Algorand (ALGO), Decentraland (MANA), Dash (DASH), and Polygon (MATIC) from July 12. The platform said, however, that customers will still be able to hold and sell existing positions in these tokens. From 6:00AM ET on Wednesday July 12th, 2023, US customers will no longer be able to open new positions in Algorand (ALGO), Decentraland (MANA), Dash (DASH) and Polygon (MATIC). Customers can continue to hold and sell existing positions in these coins. (2/5) — eToro US (@eToroUS) June 12, 2023 SEC Action Leads eToro to Delist Four Tokens eToro ended support for these tokens as part of an ongoing review process. The firm cited “recent developments” for the move, referring to the SEC’s legal action against Binance and Coinbase. “eToro has a framework in place which reviews the cryptoassets we offer in light of the rapidly evolving regulatory landscape. Due to recent developments, we will be making some changes to our crypto offering for US customers.” In the lawsuit against Binance, the SEC called several popular crypto tokens unregistered securities. The suit named Cardano (ADA), Polygon (MATIC), Solana (SOL), Cosmos Hub (ATOM), Filecoin (FIL), Decentraland (MANA), Algorand (ALGO), The Sandbox (SAND), Coti (COTI), and Axie Infinity (AXS). The platform will only halt purchases for the four tokens mentioned and said it remains a supporter of crypto assets. “We remain a supporter of crypto assets and believe in the importance of offering our users access to a diversified range of asset classes, which includes stocks, ETFs, and options. We are committed to working closely with regulators around the world to shape the future of the crypto industry and champion access for the ordinary investor.” eToro’s decision comes after its competitor Robinhood announced it would end support for ADA, SOL, and MATIC. 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.

Polygon Labs has responded to the SEC’s claims that its native token MATIC is an unregistered security. The US SEC last week labelled Polygon and other popular cryptocurrencies unregistered securities in a lawsuit filed against crypto exchange Binance. The SEC named Solana (SOL), Cardano (ADA), Cosmos Hub (ATOM), Filecoin (FIL), Decentraland (MANA), Algorand (ALGO), The Sandbox (SAND), Coti (COTI), and Axie Infinity (AXS) as unregistered securities. Robinhood Delists Solana, Cardano and Polygon Following the SEC’s lawsuits, trading app Robinhood announced it would end support for SOL, ADA, and MATIC on June 27. Robinhood limited its delisting to SOL, ADA, and MATIC and said to users that no other coins would be affected and would remain safe on its platform. Polygon Responds to SEC Claims Polygon Labs responded to the SEC’s allegations on Friday. We are proud of the history of the Polygon network – developed outside the US, deployed outside the US, and focused to this day on the global community that supports the network. MATIC was a necessary part of the Polygon technology from Day 1, ensuring that the network would be… — Polygon (Labs) (@0xPolygonLabs) June 10, 2023 They stated that the token was “developed outside the U.S., deployed outside the U.S. and focused to this day on the global community that supports the network.” It further claimed: MATIC was a necessary part of the Polygon technology from Day 1, ensuring that the network would be secure — and remains so to this day. Polygon also noted that its actions did not target the US at any time: Given our focus on network security, we made sure MATIC was available to a wide group of persons, but only with actions that did not target the US at any time. Market Takes a Dive In the days following the SEC’s claims against Binance and rival exchange Coinbase, the overall crypto market appeared to hold firm. However, Saturday was an absolute bloodbath, with ADA, SOL and MATIC seeing double-digit losses. Data from CoinMarketCap reveals MATIC’s price declined by 33% in the past week. At the time of writing, MATIC changed hands at $0.64. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The regulatory action against the two biggest crypto exchanges has made it clear: the SEC, at the helm of Chairman Gary Gensler, want to end the crypto industry. The agency’s scare tactics may succeed in the US, but it struggles with the overall market. The US SEC made its position against crypto known this week when it launched severe regulatory action against Binance, the world’s largest crypto exchange, and Coinbase, the largest crypto exchange by trade volume in the US. Leading the agency in its crusade is Gary Gensler, a man who has made his views of the industry no secret. Following the SEC’s lawsuits against the exchanges, the market was expected to react severely, and the prices would plunge. However, Bitcoin and the broader market held steady throughout the week. However, Gensler’s SEC made allegations in its suit against Binance, which labelled several popular cryptocurrencies unregistered securities. The SEC listed Polygon (MATIC), Cardano (ADA), Solana (SOL), Cosmos Hub (ATOM), Filecoin (FIL), Decentraland (MANA), Algorand (ALGO), The Sandbox (SAND), Coti (COTI), and Axie Infinity (AXS). The agency’s naming of these tokens as securities did, however, cause panic in the market and spurred trading platform Robinhood to delist MATIC, SOL, and ADA from its platform come June 27. Alt-Market Reacts to Robinhood Delisting Although the market did not react as much as expected during the week, it did see a dramatic plunge on Saturday. Undoubtedly fuelled by Robinhood’s delisting announcement, the crypto alt market saw significant declines. ADA was trading down by as much as 25%, while SOL and MATIC also saw double-digit losses. Amid the dire market conditions, Singapore-based crypto exchange Crypto.com announced it would suspend its institutional exchange service for US customers. Compared to the broader market, Bitcoin was only trading down only 5% to its lowest level since March and was trading hands at around $25,000. The market appeared to recover ever so slightly by Sunday morning, but the “bloodbath” continues. Did Gary Gensler Offer His Services to Binance? A surprising report emerged this week amid the chaos when CNBC revealed that Gensler had a series of conversations with Binance officials and its CEO, Changpeng Zhao. Binance lawyers allege that Gensler offered his services as an advisor to the exchange in 2019. Although merely reports at the moment, the allegations undoubtedly damage Gensler and call into question his intentions as Chairman of the securities regulator. The Crypto Industry Will Prevail The SEC and all its might may continue to slap the industry with a barrage of claims, but it seems unlikely that it will manage to bring the industry down. The agency is certainly doing substantial damage to the US crypto industry, but the crypto market at large will not be taken down. In light of the recent events in the crypto industry – recall the spectacular failures of FTX, we cannot live under the illusion that the industry can go on unregulated. However, the US’s approach to this is simply wrong and unproductive and achieves little bar driving crypto off US shores and into the hands of territories which welcome it with open arms. 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.

Trading app Robinhood will remove Solana, Cardano and Polygon from its platform come June 27. The move comes after the SEC alleged that several crypto tokens are unregistered securities. Robinhood Markets Inc. announced today that it would end support for Solana (SOL), Cardano (ADA), and Polygon (MATIC) as of June 27. No Other Coins Will Be Affected The trading app informed users they would no longer be able to trade the tokens on its platform just days after the SEC labelled several popular cryptocurrencies unregistered securities. The regulator made the allegations in a lawsuit against crypto exchange Binance and its CEO, Changpeng Zhao. The lawsuit names Cardano, Polygon, Solana, Cosmos Hub (ATOM), Filecoin (FIL), Decentraland (MANA), Algorand (ALGO), The Sandbox (SAND), Coti (COTI), and Axie Infinity (AXS). The suit also identified the BUSD and BNB stablecoins as securities. Robinhood limited its delisting to SOL, ADA, and MATIC and said to users that no other coins would be affected and would remain safe on its platform. It had been reported that the trading app would review its cryptocurrency offerings. On Tuesday, the company’s chief legal officer, Dan Gallagher, told Congress that it is “actively reviewing” the SEC’s analysis “to determine what if any, action to take.” Gallagher, a former SEC commissioner, testified before the House Agriculture Committee during a meeting on digital assets. SEC Sparkes Chaos in the Crypto Market The securities agency filed lawsuits against two of the largest cryptocurrency exchanges – Binance and Coinbase. According to the SEC, Binance mishandled customer funds and deceived investors and regulators about its operations. It further alleged that both Zhao and the exchange failed to restrict US customers from its platform and charged Binance with operating as an unregistered securities exchange. The agency filed suit against Binance’s rival platform, Coinbase, accusing the exchange of acting as an unregistered broker, exchange, and clearinghouse. The SEC charged Coinbase for “the unregistered offer and sale of securities in connection with its staking-as-a-service program.” 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.

Despite the recent lawsuit against Binance that accuses them of selling unregistered securities, XRP remains unnamed, and pro-crypto lawyers are still anticipating a win in the SEC vs Ripple. Solana&rsquo;s charts show bullish potential, although SOL is one of the coins that may be affected by the SEC. Tradecurve, currently in presale, recognises the growing problems of regulation in the US and offers a solution for traders around the world. >>BUY TCRV TOKENS NOW<< Ripple lawyers remain confident of a win The crypto market reels from the latest Binance lawsuit from the SEC, that could see coins such as SOL, ADA, FIL, ATOM, SAND, MANA, ALGO, AXS, and COTI as securities. However Ripple is notably absent from the lawsuit, adding strength to Ripple lawyer John Deaton&rsquo;s argument that XRP will not be declared a security. Deaton now anticipates that the case will come to a close around the end of September. He expects either an outright win, or the potential that a cut off line will be drawn that allows Ripple to officially not be a security. He also predicted a potential price for the XRP token assuming that the outcome is favorable, saying that &ldquo;I certainly believe that somewhere between $2 and $10 is reasonable&rdquo;. Solana is named in the SEC vs Binance lawsuit. Although Solana has been demonstrating bullish potential from a technical analysis point of view, the recent Binance lawsuit names Solana&rsquo;s coin SOL in the lawsuit, as an unregistered security. This isn&rsquo;t the first lawsuit that Binance have faced, and similarly to the XRP vs Ripple case, the judgment could go either way. Still it&rsquo;s not great news for the layer 1 chain, and Solana&rsquo;s price has fallen by 7% over the last 24 hours, currently trading at around $20 per coin. Solana and the other tokens and coins named in the lawsuit, may take comfort in the words of John Deaton, who believes that it may be possible for future redemption even if they do get named as securities. This is because once cryptocurrencies like Solana achieve a significant level of decentralization, there is a possibility that they could transition from being classified as securities to being recognized as commodities. Is Tradecurve the answer to regulatory woes? As the US continues to pursue aggressive anti crypto regulations, in what Nic Carter sees as a concerted effort to de-platform crypto from the banking system, the need for regulation free platforms increases. This could be where Tradecurve gets its chance to shine, offering a borderless and KYC trading platform that combines the financial products of TradFi, including commodities, stocks and bonds, and of course, crypto. Tradecurve are based in St Vincent and Kitts where offering these products are legal. Tradecurve follows Binance and other exchanges such as Gemini, who are increasingly looking to move their operations outside of the US. Tradecurve&rsquo;s token is TCRV, and is currently in stage 3 of presale. TCRV is changing hands at $0.015 and will launch at a minimum price of $0.088. Experts are predicting a rise as big as 1000x once it is listed on Uniswap and tier 1 CEXes. Learn more about TCRV and the future of the project here: Click Here For Website Click Here To Buy TCRV Presale Tokens Follow Us Twitter Join Our Community on Telegram 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.

The United States Securities and Exchange Commission (SEC) has alleged that popular cryptocurrencies such as Cardano (ADA), Polygon (MATIC), and Solana (SOL) are unregistered securities. The regulator made the allegation in a lawsuit against Binance and its CEO, Changpeng Zhao. Prominent Cryptocurrencies Classified As Securities The lawsuit names an extensive list of cryptocurrencies apart from Cardano (ADA), Polygon (MATIC), and Solana (SOL). The three rank among the largest and most prominent cryptocurrencies in the market. The other cryptocurrencies mentioned include Cosmos Hub (ATOM), Filecoin (FIL), Decentraland (MANA), Algorand (ALGO), The Sandbox (SAND), Coti ( COTI), and Axie Infinity (AXS). The lawsuit has also identified the BUSD and BNB stablecoins as securities, further compounding the seriousness of the situation. Furthermore, the SEC lawsuit also alleges that Binance has listed crypto assets that have previously been the subject of enforcement action by the SEC. These include several assets, such as TRX, UST, AMP, and REP. This, according to the Securities and Exchange Commission, indicates a reckless disregard for securities regulations by Binance and its executives. However, the lawsuit does not mention Litecoin (LTC) or Ethereum (ETH). Additionally, Securities and Exchange Commission Chair Gary Gensler has clarified that the SEC views Bitcoin as a commodity. However, he has suggested that a vast majority of other tokens in the market are securities. Token Value Tanks Several tokens saw a considerable drop in price following the news of the SEC lawsuit. Among the hardest hit was Solana, which saw a 6% drop, sliding to $20 in just an hour. Algorand, another asset mentioned as a security in the lawsuit, saw its value drop by 9.9% following the news. SEC Chair Gensler has previously spoken quite positively about the asset. Polygon saw a drop of 7%, while Polkadot dropped by 6.9%, according to data from CoinGecko. The Lawsuit Against Binance And Zhao The Securities and Exchange Commission unveiled its lawsuit against Binance on Monday. The commission had sued the world&rsquo;s largest cryptocurrency exchange and its CEO, Changpeng Zhao, for alleged violation of several US securities laws. According to the SEC, Binance has been offering its users unregistered securities trading platforms and offering unregistered crypto asset securities sales. &ldquo;The Securities and Exchange Commission today charged Binance Holdings Ltd. (&ldquo;Binance&rdquo;), which operates the largest crypto asset trading platform in the world, Binance.com; U.S.-based affiliate, BAM Trading Services Inc. (&ldquo;BAM Trading&rdquo;), which, together with Binance, operates the crypto asset trading platform, Binance.US; and their founder, Changpeng Zhao, with a variety of securities law violations.&rdquo; One of the key charges against Binance involves the company&rsquo;s US operations. According to the Securities and Exchange Commission, Binance and BAM Trading, the Binance.US operator, operated as exchanges in the United States of America without registering with the SEC, in addition to being clearing agencies and broker-dealers. According to the SEC, certain cryptocurrencies were offered as securities on Binance&rsquo;s primary international exchange and Binance.US. &ldquo;Binance and BAM Trading have unlawfully engaged in unregistered offers and sales of crypto asset securities,&rdquo; the lawsuit states. &ldquo;In so doing, they have deprived investors of material information, including the risks and trends that affect the enterprise and an investment in these securities.&rdquo; The Securities and Exchange Commission also alleged that Binance secretly controlled its US operations, allowing high-value US customers to evade restrictions and divert billions of dollars worth of customer funds. Binance has refuted all allegations made by the SEC. 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.

Both HSBC and Scotiabank have not been very supportive of the cryptocurrency industry's adoption in recent years.