Davinci Coin(DAC)

After the scandals and regulatory headaches of the last market cycle, crypto is growing and embracing the needs of institutions entering the digital assets space.

TLDR Contessoto became a Dogecoin millionaire in 69 days in 2021; he eyes the next considerable meme coin following this success Rebel Satoshi is set to fuel a new decentralization age while honoring meme and rebel culture Glauber Contessoto became among the first well-known Dogecoin (DOGE) millionaires in 2021. However, […]

Entering the cryptocurrency space for the first time has always been a headache for the uninitiated, and can even be complex for more experienced users. Indeed, for many, the barrier to entry has proven to be far too high. With the need to create an account with a crypto exchange, download and set up a wallet, safeguard your private keys, and understand what different cryptocurrencies are for, many users have simply thrown in the towel.

The eighth iteration of the Directive on Administrative Cooperation was formally adopted by the Council of the European Union

Robert F. Kennedy Jr. is starting his presidential candidacy as an independent with a strong showing of 19%, according to the super PAC supporting him. That’s far behind Biden and Trump.

The documents filed Aug. 28 may be seen by the public in a week. They are not all the sealed documents in the case, however.

The measure received 535 votes for with 57 against and 60 abstentions in a plenary session.

The crypto community has been abuzz with discussions about a mysterious Bitcoin wallet that rapidly accumulated a staggering $3 billion worth of Bitcoin in just three months. The identity of this enigmatic Bitcoin behemoth has finally been unveiled. Wallet identified The wallet in question, which surprisingly climbed the ranks to become the third-largest Bitcoin holder globally in merely over three months, has been identified as belonging to Robinhood: Jump Trading Custody, according toinsights from blockchain intelligence platform Arkham Intelligence. The journey of this wallet began on March 8, as per data from BitInfoCharts. In the subsequent three months and two weeks, the wallet amassed an impressive 118,000 BTC, which, at current market rates, is valued at approximately $3.08 billion. Conjecture The swift and substantial accumulation of Bitcoin by this single address led to a flurry of theories and conjectures. While some believed it to be a crypto exchange shuffling its funds, others on Crypto Twitter had a more audacious theory. It was speculated that the global investment management corporation, BlackRock, might be the entity behind this massive accumulation. This theory, albeit lacking concrete evidence, gained traction when enthusiasts pointed out the timeline of BlackRock's spot Bitcoin ETF filing, which coincided with the wallet's major transactions. However, with the revelation from Arkham Intelligence, the fog of mystery seems to have lifted. The top two spots for the largest Bitcoin wallets globally are held by Binance and Bitfinex, known for their Bitcoin cold wallets. Following Robinhood's wallet in the third position is another Binance cold wallet. 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 crypto community has been abuzz with discussions about a mysterious Bitcoin wallet that rapidly accumulated a staggering $3 billion worth of Bitcoin in just three months. The identity of this enigmatic Bitcoin behemoth has finally been unveiled. Wallet identified The wallet in question, which surprisingly climbed the ranks to become the third-largest Bitcoin holder globally in merely over three months, has been identified as belonging to Robinhood: Jump Trading Custody, according toinsights from blockchain intelligence platform Arkham Intelligence. The journey of this wallet began on March 8, as per data from BitInfoCharts. In the subsequent three months and two weeks, the wallet amassed an impressive 118,000 BTC, which, at current market rates, is valued at approximately $3.08 billion. Conjecture The swift and substantial accumulation of Bitcoin by this single address led to a flurry of theories and conjectures. While some believed it to be a crypto exchange shuffling its funds, others on Crypto Twitter had a more audacious theory. It was speculated that the global investment management corporation, BlackRock, might be the entity behind this massive accumulation. This theory, albeit lacking concrete evidence, gained traction when enthusiasts pointed out the timeline of BlackRock's spot Bitcoin ETF filing, which coincided with the wallet's major transactions. However, with the revelation from Arkham Intelligence, the fog of mystery seems to have lifted. The top two spots for the largest Bitcoin wallets globally are held by Binance and Bitfinex, known for their Bitcoin cold wallets. Following Robinhood's wallet in the third position is another Binance cold wallet. 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.

Musk's statement, "He is a very promising candidate," piqued curiosity about Ramaswamy's candidacy and his stance on cryptocurrencies.

Base project RocketSwap has shared an emergency plan with users as it looks to recover from a brute force hack that saw the protocol lose around 471 ETH, valued at around $865,000, on the 14th of August. The team behind the project also plans on reaching out to the hacker. The Emergency Plan The team at RocketSwap explained in a post on X on the 15th of August, stating that they planned to redeploy a new farm contract, following which it would be open-sourced on-chain. The team stated that they would also be relinquishing mining rights, mostly of RCKT, and also reach out to the hackers in an attempt to negotiate a return of the stolen assets, This approach was taken by Curve, and several other decentralized protocols following the Curve exploit. “The emergency programme agreed upon by the team is as follows. We plan to redeploy a new farm contract by dropping the proxy contract and open-sourcing it on-chain. The new farm will advance the production reduction plan by 0.075 per block. The team relinquishes minting rights and retains only low-risk rights to allocate new pools. Locked initial liquidity and 80k tokens will be extended for 1 year. The team will continue to roll out LaunchPad, with further updates planned. Telegram groups will be reopened after stabilization. Call on hackers to return assets to victims.” The RocketSwap Hack On the 14th of April, a hacker managed to steal around 471 ETH, bridging it from Base to Ethereum. The activity was flagged by blockchain security firm PeckShield. The hacker then created 90 trillion LoveRCKT tokens before transferring them to Uniswap, along with 400 of the 471 ETH initially stolen. PeckShield detailed the hack in a post on X, stating, “#PeckShieldAlert The @RocketSwap_Labs exploiter has grabbed ~471 $ETH and bridged them from #Base to #Ethereum, and then created the token $LoveRCKT, the exploiter already supplied 90T $LoveRCKT and 400 $ETH to #Uniswap.” RocketSwap eventually confirmed the news on the same day, with PeckShield and another blockchain security firm, CertiK, providing additional details about the hack a few hours later. The attack was attributed to a brute force attack on RocketSwap’s server, with the protocol stating, “As a result of the team’s investigation, We are sorry to inform you that the team needed to use offline signatures when deploying the launchpad and put the private keys on the server. A brute force hack of the server was detected, and due to the proxy contract used for the farm contract, there were multiple high-risk permissions that led to the transfer of the farm’s assets. We shut down the farm to prevent further damage. The team is currently working on an emergency plan, and the Telegram group has been banned for the time being. The loss of farm assets is only a concern, DEX is not affected in any way.” Growing Headaches On Base Coinbase’s layer-2 blockchain Base has faced several issues since commencing operations. LeetSwap, a leading decentralized exchange on the Base blockchain, suspended trading operations after flagging a security vulnerability in their factory, leading to the suspicion of compromised pool liquidity. The pause was done so that the team could investigate the issue further. PeckShield reported that around 340 ETH was exploited from liquidity pairs on Base, showing the gravity of the prevailing situation. Prior to the pause in trading by LeetSwap, the BALD memecoin suffered a significant drop in value. The crash occurred after the token’s developer withdrew 6800 ETH, valued at around $12.5 million, from the liquidity pools on LeetSwap, raising several eyebrows and compounding the list of issues faced by LeetSwap. Furthermore, Coinbase is also dealing with its own set of regulatory challenges after finding itself as a target of the United States Securities and Exchange Commission (SEC). The Securities and Exchange Commission has ordered Coinbase to stop all crypto trading, except for that of Bitcoin. When Coinbase questioned the decision made by the regulatory body, Coinbase filed a lawsuit against the exchange. 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.

Base project RocketSwap has shared an emergency plan with users as it looks to recover from a brute force hack that saw the protocol lose around 471 ETH, valued at around $865,000, on the 14th of August. The team behind the project also plans on reaching out to the hacker. The Emergency Plan The team at RocketSwap explained in a post on X on the 15th of August, stating that they planned to redeploy a new farm contract, following which it would be open-sourced on-chain. The team stated that they would also be relinquishing mining rights, mostly of RCKT, and also reach out to the hackers in an attempt to negotiate a return of the stolen assets, This approach was taken by Curve, and several other decentralized protocols following the Curve exploit. “The emergency programme agreed upon by the team is as follows. We plan to redeploy a new farm contract by dropping the proxy contract and open-sourcing it on-chain. The new farm will advance the production reduction plan by 0.075 per block. The team relinquishes minting rights and retains only low-risk rights to allocate new pools. Locked initial liquidity and 80k tokens will be extended for 1 year. The team will continue to roll out LaunchPad, with further updates planned. Telegram groups will be reopened after stabilization. Call on hackers to return assets to victims.” The RocketSwap Hack On the 14th of April, a hacker managed to steal around 471 ETH, bridging it from Base to Ethereum. The activity was flagged by blockchain security firm PeckShield. The hacker then created 90 trillion LoveRCKT tokens before transferring them to Uniswap, along with 400 of the 471 ETH initially stolen. PeckShield detailed the hack in a post on X, stating, “#PeckShieldAlert The @RocketSwap_Labs exploiter has grabbed ~471 $ETH and bridged them from #Base to #Ethereum, and then created the token $LoveRCKT, the exploiter already supplied 90T $LoveRCKT and 400 $ETH to #Uniswap.” RocketSwap eventually confirmed the news on the same day, with PeckShield and another blockchain security firm, CertiK, providing additional details about the hack a few hours later. The attack was attributed to a brute force attack on RocketSwap’s server, with the protocol stating, “As a result of the team’s investigation, We are sorry to inform you that the team needed to use offline signatures when deploying the launchpad and put the private keys on the server. A brute force hack of the server was detected, and due to the proxy contract used for the farm contract, there were multiple high-risk permissions that led to the transfer of the farm’s assets. We shut down the farm to prevent further damage. The team is currently working on an emergency plan, and the Telegram group has been banned for the time being. The loss of farm assets is only a concern, DEX is not affected in any way.” Growing Headaches On Base Coinbase’s layer-2 blockchain Base has faced several issues since commencing operations. LeetSwap, a leading decentralized exchange on the Base blockchain, suspended trading operations after flagging a security vulnerability in their factory, leading to the suspicion of compromised pool liquidity. The pause was done so that the team could investigate the issue further. PeckShield reported that around 340 ETH was exploited from liquidity pairs on Base, showing the gravity of the prevailing situation. Prior to the pause in trading by LeetSwap, the BALD memecoin suffered a significant drop in value. The crash occurred after the token’s developer withdrew 6800 ETH, valued at around $12.5 million, from the liquidity pools on LeetSwap, raising several eyebrows and compounding the list of issues faced by LeetSwap. Furthermore, Coinbase is also dealing with its own set of regulatory challenges after finding itself as a target of the United States Securities and Exchange Commission (SEC). The Securities and Exchange Commission has ordered Coinbase to stop all crypto trading, except for that of Bitcoin. When Coinbase questioned the decision made by the regulatory body, Coinbase filed a lawsuit against the exchange. 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 world’s largest cryptocurrency exchange, Binance, has announced that it has become the first fully licensed cryptocurrency trading platform in the country of El Salvador. Binance announced the news after the platform received two licenses from the Central American Nation, according to a statement released on the 8th of August. Licensed Bitcoin Services Provider In El Salvador According to a statement released by the exchange, Binance became the first fully licensed crypto exchange to operate in El Salvador after it received the two licenses required. The two licenses in question are the Bitcoin Services Provider License (BSP) given by the Central Reserve Bank (Banco Central de Reserva) and the Digital Assets Services Provider License (DASP) provided by the National Commission of Digital Assets ((Comisión Nacional de Activos Digitales). According to Binance, the approval is another step in the exchange’s growing efforts to get licenses and permissions in key markets around the world. With this latest approval, Binance has approvals and registrations in 18 global markets, including Italy, Spain, France, Sweden, and Dubai. Binance General Manager for Colombia, Central America, and the Caribbean, Daniel Acosta, stated, “These licenses allow Binance to expand the products and services offered, including options tailored to the needs of our customers in El Salvador. It is also a great opportunity to collaborate closely with government authorities to support the adoption of crypto assets in the country, foster financial inclusion, innovation, and ensure customer protection.” Speaking about the developments, the Binance Head of Latin America, Min Lin, stated, “We are honored to be granted this license as Binance continues to work collaboratively with regulatory agencies around the world to support global standards for the crypto and blockchain industry. This announcement comes after many months of dedication from our team to provide all information and proceed with the necessary due diligence required by the agencies, showcasing our commitment to the Salvadoran market and our users.” El Salvador And Crypto El Salvador, under President Nayib Bukele, has maintained an extremely welcoming posture towards crypto, especially Bitcoin. In fact, the country had given Bitcoin the status of legal tender as far back as 2021. The country has also been on a Bitcoin acquisition spree and has so far acquired over 2300 BTC, according to data sourced from Buy Bitcoin Worldwide. According to current prices, the value of El Salvador’s Bitcoin reserves is estimated to be around $70 million. Additionally, the government of El Salvador has also introduced several pro-crypto and pro-Bitcoin measures, such as a bill allowing the country to sell bonds that are backed by Bitcoin. However, despite these measures, reports have suggested that crypto adoption in the country remains low, as citizens question the long-term benefits of crypto adoption. Earlier this year, Bitfinex announced that it had become the first fully regulated digital assets exchange to receive a DASP license in El Salvador. Binance Increases Global Presence Despite the exchange facing numerous regulatory headaches across a number of jurisdictions, Binance has managed to expand its global footprint further. After receiving its operating licenses in El Salvador, Binance has become the most widely licensed crypto platform and now has approvals and registrations in over 18 countries around the world. These include countries such as Japan, Sweden, Dubai, France, Italy, and several others. However, the exchange has also faced several setbacks, having exited several prominent markets such as Cyprus, the Netherlands, and the United Kingdom. The exchange had to exit these markets after it failed to get the required regulatory approval to continue operations. Binance is also facing several regulatory challenges in the US, with the United States Securities and Exchange Commission (SEC) charging the exchange of failing to comply with local laws and regulations. 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 world’s largest cryptocurrency exchange, Binance, has announced that it has become the first fully licensed cryptocurrency trading platform in the country of El Salvador. Binance announced the news after the platform received two licenses from the Central American Nation, according to a statement released on the 8th of August. Licensed Bitcoin Services Provider In El Salvador According to a statement released by the exchange, Binance became the first fully licensed crypto exchange to operate in El Salvador after it received the two licenses required. The two licenses in question are the Bitcoin Services Provider License (BSP) given by the Central Reserve Bank (Banco Central de Reserva) and the Digital Assets Services Provider License (DASP) provided by the National Commission of Digital Assets ((Comisión Nacional de Activos Digitales). According to Binance, the approval is another step in the exchange’s growing efforts to get licenses and permissions in key markets around the world. With this latest approval, Binance has approvals and registrations in 18 global markets, including Italy, Spain, France, Sweden, and Dubai. Binance General Manager for Colombia, Central America, and the Caribbean, Daniel Acosta, stated, “These licenses allow Binance to expand the products and services offered, including options tailored to the needs of our customers in El Salvador. It is also a great opportunity to collaborate closely with government authorities to support the adoption of crypto assets in the country, foster financial inclusion, innovation, and ensure customer protection.” Speaking about the developments, the Binance Head of Latin America, Min Lin, stated, “We are honored to be granted this license as Binance continues to work collaboratively with regulatory agencies around the world to support global standards for the crypto and blockchain industry. This announcement comes after many months of dedication from our team to provide all information and proceed with the necessary due diligence required by the agencies, showcasing our commitment to the Salvadoran market and our users.” El Salvador And Crypto El Salvador, under President Nayib Bukele, has maintained an extremely welcoming posture towards crypto, especially Bitcoin. In fact, the country had given Bitcoin the status of legal tender as far back as 2021. The country has also been on a Bitcoin acquisition spree and has so far acquired over 2300 BTC, according to data sourced from Buy Bitcoin Worldwide. According to current prices, the value of El Salvador’s Bitcoin reserves is estimated to be around $70 million. Additionally, the government of El Salvador has also introduced several pro-crypto and pro-Bitcoin measures, such as a bill allowing the country to sell bonds that are backed by Bitcoin. However, despite these measures, reports have suggested that crypto adoption in the country remains low, as citizens question the long-term benefits of crypto adoption. Earlier this year, Bitfinex announced that it had become the first fully regulated digital assets exchange to receive a DASP license in El Salvador. Binance Increases Global Presence Despite the exchange facing numerous regulatory headaches across a number of jurisdictions, Binance has managed to expand its global footprint further. After receiving its operating licenses in El Salvador, Binance has become the most widely licensed crypto platform and now has approvals and registrations in over 18 countries around the world. These include countries such as Japan, Sweden, Dubai, France, Italy, and several others. However, the exchange has also faced several setbacks, having exited several prominent markets such as Cyprus, the Netherlands, and the United Kingdom. The exchange had to exit these markets after it failed to get the required regulatory approval to continue operations. Binance is also facing several regulatory challenges in the US, with the United States Securities and Exchange Commission (SEC) charging the exchange of failing to comply with local laws and regulations. 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.

Steadefi has become the latest DeFi entity to be hit with an exploit, with the company stating in a tweet on X that all the funds it currently holds are at risk of becoming irrecoverable. Recent hacks have taken a toll on the space and have put considerable strain on public trust in DeFi apps. Details Of The Hack News of the attack first became public on the 7th of August, when it emerged that the decentralized finance app was hit by an exploit of at least $334,000. While the attack was ongoing, the protocol’s development team put out a message on X, stating that the attack had put all funds held on the platform at risk and they could become irrecoverable. As a result, the app’s total value locked (TVL) fell off a cliff, according to data from DefiLlama. The team posted a message stating, “NOTICE: Steadefi has been exploited, and all funds are currently at risk.” The team, while confirming the attack, posted a follow-up message on X and explained how the attack occurred. According to the message, the hacker managed to gain access to the private key of the team’s deployer wallet and perform OwnerOnly functions. After gaining access to OwnerOnly functions, the hacker executed several OwnerOnly actions, such as allowing any wallet to borrow funds from lending vaults. The team further stated that the attacker managed to drain all loanable funds. However, it assured users that all collateral held in vaults and not lent out was secure. This is because the app does not contain OwnerOnly functions to remove deposits. This means those users who deposited funds to the app’s “strategy” vaults could withdraw some of their funds. Farming Contracts Stopped Meanwhile, the hacker also stopped farming contracts through an OwnerOnly function. This means all users who deposited svTokens or ibTokens to farms are currently unable to withdraw their funds. The post states that the funds are essentially stuck in the app’s contracts, with token holders who deposited into the farms left in the lurch. According to details currently available, the tokens transferred to the address in question include 130,429 USD Coin, 3.39 BTC, 6184 Avalanche (AVAX), and 15 Wrapped Ether (WETH). Apart from the Wrapped Ether, all other tokens were immediately swapped for WETH. The attacker then bridged 184 WETH to another network via the Synapse Bridge. Steadefi Attempts To Negotiate With Hackers The development team also confirmed that it is attempting to negotiate with the hackers and has sent an on-chain message to the hacker’s address, 0x9cf71F2ff126B9743319B60d2D873F0E508810dc, on Ethereum. Blockchain data has revealed that the address saw a large number of inflows on the Avalanche Chain. The development team seems to have taken a leaf out of Curve Finance, Metronome, and Alchemix’s playbook, offering 10% of the stolen funds as a bounty in return for the remaining 90%. The team also told the hacker that should they return the funds, there would be no involvement of law enforcement agencies or legal actions. “Steadefi would like to discuss a bounty with any parties who were involved in the recent Steadefi exploit. We are offering a 10% bounty of any funds stolen, which are yours to keep if you return the remaining 90%.” However, like Curve, in a stark warning, the team added that should the hackers refuse the offer, Steadefi would offer the 10% as a bounty to anyone in the public who could identify or supply information that leads to a conviction. Clearly, Steadefi hopes to see the funds return without any further complications. However, the platform is more than willing to fight for the funds should it need to. The offer expires on the 10th of August at 0800 UTC. “You will have no risk of us pursuing this further, no risk of law enforcement issues, etc. If you choose not to partake in the voluntary return and complete the process by the 10th of August at 0800 UTC, we will expand the bounty to the public and offer the full 10% to the person who is able to identify you in a way that leads to your conviction in the courts. We will pursue you from all angles with the full extent of the law.” DeFi’s Hacker Headache Crypto and DeFi remain highly vulnerable to bad actors, even as the space looks for wider acceptance. Last month, Coinspaid fell victim to an attack orchestrated by the dreaded Lazarus Group, a North Korean-backed hacker group. An analysis showed how the breach occurred and found multiple vulnerabilities in Coinspaid’s security. At the beginning of August, decentralized exchange LeetSwap suspended trading thanks to fears of a potential exploit. Bankrupt crypto platform Voyager also suffered a breach in the middle of its court-supervised recovery process. Another August heist saw a scammer steal around $20 million worth of USDT through a zero transfer phishing attack. However, Tether was quick to respond, freezing the attacker’s address and blacklisting them. 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.

Miami Mayor Francis Suarez announced that he is officially accepting Bitcoin for his presidential campaign donations. Crypto-Friendly Mayer from Miami On Friday, August 4, Miami Mayer and Republican candidate for the 2024 Presidential Election, Francis Suarez, confirmed that his campaign would be accepting donations in Bitcoin. He clarified that his supporters can donate as little as 0.00034 BTC, equivalent to $1, at his website. "Officially, my campaign is accepting Bitcoin," Suarez announced. "This is a process of developing technologies that are going to create democratizing opportunities for wealth creation and are not manipulated by a human being's ulterior motives, political goals, etc." Suarez heavily criticized the Biden administration for its approach towards cryptocurrencies which involves regulation through enforcement, without understanding the mechanisms of digital assets or setting clear rules. "The biggest mistake that this administration has made is they don't understand crypto so they have gone to a regulated-by-enforcement mechanism as opposed to set the ground rules," Suarez explained. "You have to be able to classify certain digital products, you have to be able to have certain guidelines and rules that are clear with respect to the custody of assets." The candidate also declared that, if elected the President, he would ban the use of central bank digital currencies (CBDC): "Nobody wants the federal government knowing where you have your money and how much money you have ... I don't think that there's anything particularly innovative about that." Francis Suarez announced his candidacy for the upcoming presidential race in June 2023. He argued that the country needs a president who understands how cryptocurrency and artificial intelligence (AI) technologies work. Miami Mayer has long been a supporter of Bitcoin and digital assets in general. He already launched his own cryptocurrency MiamiCoin (MIA) in 2021, and promised to make Miami a Bitcoin hub. Presidential Candidates Against CBDC Francis Suarez is not the only presidential hopeful who spoke out against CBDCs. The governor of Florida and presidential candidate for the Republican party, Ron DeSantis, criticized the Federal Reserve’s new payments system, FedNow, and said that the Biden administration’s efforts towards launching a CBDC are “about surveillance and control”. Both Ron DeSantis and another presidential hopeful of the Democratic party, Robert F. Kennedy Jr., implied they would not support the launch and use of a CBDC in the country. Robert F. Kennedy Jr. has recently confirmed the purchase of BTC for his children, even though he had earlier denied investment in the digital currency. Meanwhile, Bernie Sanders and Democratic Senators, including Elizabeth Warren, Bob Casey, and Richard Blumenthal, are urging the Biden administration to initiate a crackdown on “crypto tax evaders”. 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.

One of the top-10 mining pools offers a comprehensive solution to crises that cryptocurrency miners face in 2023: emcd. Cyberbank — a cyberbank with a package of services that help miners make more without ‘additional costs’. Mining in 2023, with operational costs’ growth and a long cryptowinter, is becoming less and less profitable for miners. But one of the largest pools in the world has a solution: launching its own ecosystem aimed specifically at miners and other cryptocurrency users. The cyberbank from the leading pool offers users services from friendly commission-free withdrawal tools to investment tools with up to 12% per annum to raise mining profits. ‘Miners should make more money, and we know how to make it happen. We’re launching a neobank where miners will be able to fully manage their assets in a single app, without additional commissions and other costs.’ — emcd. team Top-5 Solutions from emcd. Mining on asics and videocards is no longer the ‘wild west’ it was at the dawn of crypto. Without pools and growing ecosystems it’s harder and harder for miners to manage assets and wait until investments and huge operational costs pay off. Who are emcd.? In 5 years, emcd. made the journey from a small startup to a major pool that made it to the top-10 BTC mining pools in the world. 270,000 miners from 120 countries already use the platform. emcd. decided to choose a comprehensive approach to miners’ issues, with a whole set of services for digital asset management. And even though mining always involves costs nobody can single-handedly control, emcd. is cutting additional operational costs that hit miners with 5 easy solutions. One of the lowest comissions on the market How did a start-up make it to the top-10 BTC mining pools in the world? Easy — the service has a fixed commission rate of 5%. Hardly any pool in the world is ready to offer its miners to take away 98.5% of their rewards, but emcd. are playing the long game on the market (and so far, judging by volumes and users, they’re making the right call). Secure and user-friendly wallet Everything a miner makes goes to an internal wallet that is actually easy to use. Without shelling out extra commissions for transfers, users can convert currencies and withdraw money directly to their cards directly in the emcd. app. Moreover, there’s no minimal withdrawal amount, which is usually the case for platforms like this — if you want to withdraw each dollar one by one, nobody’s stopping you. A native P2P platform One of the biggest headaches miners have is withdrawing their rewards to fiat. And P2P exchanges remain one of the most popular solutions — even people who still haven’t heard of mining in 2023 know how to use them. emcd. Isn’t asking miners to ditch their long-trusted tool in favor of the built-in withdrawal features in the wallet, instead, they offer their own P2P platform, once again helping miners bypass unnecessary transfer commissions. 12% per annum on your balance Mining as a source of income is inevitably tied to issues in the rest of the economy, including unpredictable inflation, especially in regions where mining is an affordable additional income source. To make sure miners’ profits don’t devalue because of economic fluctuations, emcd. offers its own investment tools with rates better than any bank — 12% per annum. Live support No bots — only actual humans who respond in approximately 15 minutes 24/7. Don’t waste time searching for the code phrase that will finally get you to an operator, only to refresh the chat page for hours waiting for a response to urgent questions about your own assets. Will there be mining in 2023? And more importantly, is mining profitable in 2023, and what will happen with Bitcoin mining after Bitcoin halving? emcd. has answers for experts and newbies alike. The platform’s official Telegram offers all the current updates and news, reviews, and even cryptocurrency mining guides for newbies. Following the project’s progress! 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 Sandbox added a new major IP to its virtual world, a portfolio management startup raised $3.6 million and The Flash is getting NFTs.

The rise in real yields is more of a headache to blue chip stocks than to markets like technology or crypto and will not disrupt the medium-term growth story, one observer said.

[Press Release – San Francisco, CA, June 22nd, 2023] Cutting-edge blockchain company, Radius, which is pioneering the trustless shared sequencing layer, has announced that it has raised a pre-seed investment of $1.7M. The funding round was led by Hashed, with participation from Superscrypt, Lambdaclass (Ergodic Fund), and Crypto.com. As rollups become more popular choices for […]

The court has granted FTX permission to remove customer names from all bankruptcy filings in an effort to protect them from scams and identity theft.

The SEC must hand over unredacted emails of Hinman’s internal communications by next week.

It gives me no pleasure to report that less than six months into this Congressional term, the 2024 election season has become fully underway. Florida Governor Ron DeSantis (R) officially declared his candidacy last week, though he appears to have been laying the groundwork (campaigning) for quite some time. Crypto hasn’t been an issue in any previous presidential election, and barely popped its head up during the last few midterms. But as CoinDesk prepares to cover the next roughly 18 months, it looks increasingly likely that this industry will pop its head up.

DAC8 extends tax reporting procedures to crypto transfers in line with the OECD crypto reporting framework and EU AML rules.