53 days ago • cryptodaily
Binance Is Now El Salvador’s First Fully Licensed Crypto Exchange
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.
53 days ago • cryptodaily
Binance Is Now El Salvador’s First Fully Licensed Crypto Exchange
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.
75 days ago • cryptodaily
Ubisoft Joins Cronos Blockchain Ecosystem as Node Validator $CRO
Ubisoft, a leading video game creator and publisher, is expanding its exploration of blockchain technology with a new partnership.
Joining the Cronos blockchain ecosystem as a node validator, Ubisoft adds its experience and expertise to this expanding digital network.
Ubisoft is set to join 27 other node operators contributing to the Cronos open-source blockchain. These node validators play a vital role in ensuring the stability and security of the network. As a validator, Ubisoft will participate in blockchain governance and network update approvals.
The decision to join the Cronos ecosystem aligns with Ubisoft's ongoing exploration of blockchain technology, spearheaded by its Strategic Innovation Lab. The inclusion of Ubisoft in the ecosystem aligns with Cronos' strategy of collaboration with technical contributors, which include Crypto.com, Blockdaemon, Dora Factory, and Allnodes, among others.
An Extension of Ubisoft-Cronos Relationship
The partnership is a progression of the existing relationship between Ubisoft and Cronos. Ubisoft previously participated as a start-up mentor in the Cronos Accelerator program, marking their initial collaborative efforts.
Ken Timsit, Managing Director of Cronos Labs, a blockchain startup accelerator, commented on the partnership. He expressed optimism about Ubisoft's contributions, given their understanding of blockchain's potential and limitations in creating deeper engagement between game creators and gamers. Timsit also mentioned the open-source Cronos project, where Ubisoft is expected to participate as a validator.
Cronos' ecosystem stands to benefit from Ubisoft's expertise, particularly in providing feedback on technology upgrades to support gaming use cases. Ubisoft's Strategic Innovation Lab, tasked with anticipating the future and integrating innovative technologies, will play a pivotal role in this endeavor.
Cronos has been active in the gaming industry with Cronos Play, a suite of developer tools and integrations for blockchain-based games. The developer tools are now available as a plugin in the Unreal Engine Marketplace, with more than 15 Web3 games launched or in the pipeline for launch on the Cronos blockchain.
Cronos (cronos.org) is an EVM-compatible layer 1 blockchain network built on the Cosmos SDK. It's supported by Crypto.com, Crypto.org, and more than 500 app developers and partners. The platform is adopted by over 1 million users and supports an ecosystem of more than 80 million users worldwide with the Cronos ($CRO) cryptocurrency.
Ubisoft's venture into the Cronos ecosystem reinforces the growing interest of leading technology firms in blockchain technology and its myriad applications.
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.
100 days ago • cryptodaily
Meme Coins on the Prowl: Shiba Inu, Floki, and Caged Beasts — Top Meme Coins to Buy
Get ready to unleash your wild side with the top meme coins to buy in town! Shiba Inu (SHIB), Floki Inu (FLOKI), and Caged Beasts (BEASTS) are prowling the crypto jungle, ready to make a meme-tastic impact. Join the frenzy as these adorable yet fierce tokens take the market by storm — keep reading!
Floki Inu Embraces 8% Rise — Despite Altcoin Wounds
FLOKI, also known as "Floki Inu," is making waves in the crypto world, and it's anything but ordinary! Born from the fierce SHIBArmy, this Ethereum-powered gem is capturing the hearts of crypto enthusiasts and gamers alike with its Valhalla's Open World launch in the US.
Not stopping there, FLOKI is conquering the Chinese gaming market with its local alternative to Valhalla called Btok. Beyond that, FLOKI brags about its decentralized finance (DeFi) ecosystem, non-fungible tokens (NFTs), and Metaverse venture. Recently, FLOKI surged a jaw-dropping 8%, stealing the spotlight from its rival, Shiba Inu.
What’s Fueling This Growth?
FLOKI is making bold moves as it announced its plans to launch a crypto education platform called the University Of Floki. With the crypto user base expected to hit one billion by 2025, FLOKI is dedicated to empowering and educating the masses.
But FLOKI is anything but a complacent meme token. As such, FLOKI is spreading its wings by introducing new trading pairs on the Crypto.com app. Now you can trade FLOKI alongside popular cryptocurrencies like RDNT, ACH, DAR, and ZRX. With increased accessibility and liquidity, more investors and traders are flocking to the FLOKI ecosystem.
Shiba Inu: From Meme to Market Domination
Shiba Inu, the beloved meme coin, has been making waves with its ambitious goals and decentralized ecosystem. Shiba Inu is wagging its tail with excitement as it creates its own layer 2 blockchain called "Shibarium" and boasts Shibaswap, its very own decentralized exchange. It has taken a big bite out of the market, sitting proudly in the top 18 with a market capitalization of over $4 billion.
The competition between Floki Inu and Shiba Inu is an epic tug-of-war, where the ultimate winner will be determined by various factors, including a strong ecosystem and flourishing market conditions. At the moment, Shiba Inu is winning the game. It hosts several other tokens besides the $SHIB token, including $BONE and $LEASH, which powers its very own SHIBOSHIs NFTs. These are some of the reasons why Shiba Inu made it out of Binance’s infamous Innovation Zone.
Caged Beasts and Its Searing Goals
Caged Beasts is not your run-of-the-mill meme token. It's a thrilling crypto emblem of strength, commitment, creativity, and the pursuit of financial freedom. It captivates the market with its fascinating storyline centered around Rabbit 4001, a once-tortured rabbit turned mad scientist.
Quick Cash: Earn a 20% Bonus via Caged Beasts’ Referral System
BEASTS is taking its game to a whole new level with an exciting referral program that'll make your wallets roar with delight.
Here's how it works: When you join the BEASTS community and create a unique referral code, you'll receive an instant 20% deposit of USDT straight into your wallet the minute a connection uses it. In return, your friends or family will also earn an extra 20% in BEASTS tokens.
With each successful referral, your crypto treasure grows, and your network expands. Whether you're a seasoned investor or a crypto enthusiast looking to dive into the exciting world of meme coins, the BEASTS' referral game is your ticket to extra USDT rewards and an opportunity to be part of a thriving community.
The Meme Coin Mania Is Here!
Meme coins are more than just a trend — they have the potential to fetch remarkable returns. Whether it's Shiba Inu's moonshot potential, Floki's innovative approach, or Caged Beasts' captivating narrative, these meme coins offer a thrilling investment journey. Grab your virtual leash and let these meme-powered tokens lead you to a world of exciting possibilities!
Unleash The Beasts Within With Caged BeastsWebsite: https://cagedbeasts.com
Twitter: https://twitter.com/CAGED_BEASTS
Telegram: https://t.me/CAGEDBEASTS
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.
123 days ago • cryptodaily
Multichain CEO Unreachable As Protocol’s Problems Continue
There seems to be no end to the problems at Multichain, with the team unable to reach the protocol’s CEO and gain the necessary server access for maintenance works.
The Multichain team has been trying its level best to keep the protocol running.
Where Is The Multichain CEO?
Last week, rumors that Chinese authorities had arrested several Multichain executives began doing the rounds. According to the rumors, the arrested executives included Zhaojan, the protocol’s Chief Executive Officer. While the integrity of these reports has not yet been confirmed, and the authorities have neither confirmed nor denied the reports, Binance responded to the news and suspended specific token deposits. Multichain has been facing days of continued outages, with several transactions in limbo due to multiple cross-chain pathways that are offline.
Furthermore, it was also rumored that law enforcement officials have taken control of a wallet containing $1.6 billion belonging to Multichain, according to several Twitter accounts.
“According to the rumors earlier today in the Chinese community, it is said that the core members of the Multichain team were arrested by Chinese police, and the cold wallet was controlled, involving about $1.5 billion in funds.”
Problems Continue
According to Multichain’s Twitter account, the problems currently facing the protocol began on Monday, with the team stating that the protocol has been experiencing several issues thanks to unforeseen circumstances. The team stated that despite the team’s best efforts to maintain the protocol and keep it running, they could not reach their CEO to access critical servers and carry out maintenance.
“In the past two days, the Multichain protocol has experienced multiple issues due to unforeseeable circumstances. The team has done everything possible to maintain the protocol running, but we are currently unable to contact CEO Zhaojun and obtain the necessary server access for maintenance.”
According to the team, the latest set of issues was triggered by problems arising from a network of nodes within the Multichain protocol. This was impacting cross-chain services for several blockchains, including PublicMint, Dyno Chain, Keychain, Dexit, Red Light Chain, Ekta, ONUS, HPB, Omax, Planq, and Findora.
“This afternoon, there was an issue with the scanning node network of Router5, which has affected the normal cross-chain service of some chains. Furthermore, this problem is beyond the team’s current permissions and ability. In order to protect the interests of our users, we have decided to suspend the corresponding cross-chain service for the affected chain on the UI. Last week, the same issue happened on Router2.”
MULTI Token Relatively Unaffected Over Past 24 Hours
The Multichain team has asked partners to stop calling smart contracts running on Multichain until they can get the permissions to access the protocol servers. Despite the gloomy news, the protocol’s MULTI token has fared relatively well, reporting an increase of over 3%. Currently, the token is trading at $4.07. However, the token has lost over 19% of its value since Multichain’s problems began.
Multichain was previously known as Anyswap before suffering a major exploit in 2021. However, it made a strong recovery, becoming one of the largest blockchain bridges in the crypto space, with transaction volumes hitting the $100 billion mark. Multichain facilitates the exchange of tokens across several major networks, including Polygon, Ethereum, Binance Chain, and Avalanche. Head of product at Coinbase, Conor Grogan, tweeted that the problems at Multichain will impact only a small number of users, highlighting the low transaction outputs on the networks.
Crypto Twitter is also nervous about rumors that Gate.io is facing liquidity issues, although the company has denied the reports.
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.
124 days ago • cryptodaily
Whales Follow HedgeUp Presale Offer, Big Eyes Coin Set for Big Launch, Hope For Stellar
As the cryptocurrency market continues to evolve, new projects and developments emerge, attracting attention and sparking excitement among investors. In this article, we will explore three notable developments: Big Eyes Coin (BIG) gearing up for its June 15 launch, HedgeUp (HDUP) presale attracts Bitcoin (BTC) and Monero (XMR) whales, and the potential bounce in Stellar (XLM) price despite its fragile outlook. These developments offer unique perspectives on the cryptocurrency landscape and highlight the opportunities and challenges that investors may encounter.
Big Eyes Coin Unpacks The Power Of Memes To Build An Ecosystem For Success
Big Eyes Coin is set to launch on June 15, following a successful presale campaign that edges closer to raising $50 million. $BIG stands out as a meme token, featuring an adorable cat as its central theme. With impressive presale performance and strong community support, BIG is poised for growth and has attracted significant attention. The upcoming launch presents an opportunity for investors to participate in a project that has already generated substantial interest and funding. The token's integration of a casino and its approach to building a dedicated ecosystem add further appeal to the investment proposition. The presale for $BIG is coming to an end on June 3rd with the available token supply predicted to be sold out in the next 48 hours. The current presale valuation is locked in at $0.00017 with the valuation expected to increase by 250% or $0.0006.
HedgeUp Empowers Traders With Asset-Backed Trading
HedgeUp is an emerging trading platform that introduces the concept of asset-backed trading. Its recent presale has garnered attention from influential Bitcoin (BTC) and Monero (XMR) whales, renowned for their strategic investments and ability to influence market trends. The unique value proposition of HedgeUp, along with its potential for high returns, has attracted these whales, who see it as a groundbreaking project. Bitcoin whales, in particular, are interested in projects that can replicate or surpass the success of Bitcoin. HedgeUp's commitment to security and its innovative approach to trading make it an enticing option for investors seeking both risk mitigation and profitability.
Stellar In Search For A Short-Term Rebound Amidst Long-Term Uncertainty
Despite a decline in the Stellar (XLM) price since April and a fragile outlook in the long term, there are indications of a potential bounce in the short term. Stellar lost a crucial horizontal area during its downward movement, but the short-term chart suggests the possibility of a rebound. While the long-term readings remain bearish, traders and investors are closely watching for any signs of a bounce. Stellar's underlying technology and partnerships continue to drive interest, and a short-term recovery could provide an opportunity for those looking to capitalize on market movements.
Crypto Market Relishes HedgeUp Presale Offer, BIG Launch, and Hopeful Stellar
These three developments reflect the dynamic nature of the cryptocurrency market, offering investors diverse opportunities and challenges. Big Eyes Coin's impending launch and successful presale demonstrate the potential for meme tokens to capture the market's attention and generate significant funding. HedgeUp's attracting of Bitcoin and Monero whales underscores the appeal of asset-backed trading platforms and the search for high returns among seasoned investors. Stellar's price dynamics highlight the volatility and potential for short-term rebounds, while also emphasizing the importance of long-term outlooks and technological advancements.
Conclusion
The world of cryptocurrencies continues to evolve, presenting exciting developments and opportunities for investors. Big Eyes Coin, HedgeUp, and Stellar exemplify the diverse projects and trends within the market. From meme tokens to asset-backed trading platforms and established cryptocurrencies, each presents its unique value proposition and challenges. As investors navigate this landscape, conducting thorough research and staying informed about market trends is crucial. The cryptocurrency market remains dynamic, and prudent decision-making is vital to success.
Big Eyes Coin (BIG)
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
Instagram: https://www.instagram.com/BigEyesCoin/
Twitter: https://twitter.com/BigEyesCoin
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.
127 days ago • cryptodaily
Looking For The Best P2E Projects? Big Eyes Coin’s Casino Is The Ace Up Your Sleeve!
P2E projects are booming and everyone’s talking about the Big Eyes Casino, but why?
A few years ago, the world witnessed the union of gaming and blockchain technology in CryptoKitties. Cross-cut to the present, and there is now a robust ecosystem of P2E, with giants like Axie Infinity (AXS) and The Sandbox (SAND) sweetening the pot. It is clear that the GameFi industry is taking over, and if you aren’t up-to-date with the best P2E projects, you’re missing out.
The adorable new feline meme coin, Big Eyes Coin (BIG) is set to open its own casino, and this could be the answer to your P2E ambitions.
Big Eyes Coin recently took to Twitter to unveil an exhilarating update to its roadmap. Having already conquered the realms of DeFi meme coins and NFTs, this spirited kitty has now set its eyes on the GameFi domain. Prepare to witness a takeover like never before!
Welcome to the grand entrance of Big Eyes Casino, the newest addition to the team's much-anticipated portfolio. This venture is sure to make waves, and it's not hard to see why. With an impressive collection of over 4,000 games, including their very own play-to-earn (P2E) creations, the Casino aims to cater to every gambler's wildest dreams.
Even those who prefer to tread lightly on their spending journey will find solace here, because the Casino exclusively accepts BIG tokens, eliminating all your fiat expense worries. But that's not all! BIG can effortlessly be swapped for all major cryptocurrencies including Bitcoin, Ether, Binance Coin, USDT-TRC20, USDT-ERC20, BUSD, Dogecoin, and very soon Tronix. The BIG Team has only one game plan for its community: minimum spending and maximum gains.
The Casino's arrival is set to propel the trading of BIG tokens to soaring heights, enticing both seasoned investors and daring traders. As the Casino flourishes, BIG will charm more investors, hinting at a possible surge in its value. Moreover, the surge in trading volume serves as a stabilizing force, curbing market volatility and fostering a more secure environment for the token.
The combination of substantial trading volume and practical utility will take Big Eyes Coin to new heights, unlocking the potential for major listings on prominent cryptocurrency exchanges in the future. The BIG team's plans already hold great allure, but the meme coin's resolute commitment to credibility and operational excellence on a daily basis strengthens its position in the ever-evolving market.
Attend the BIG Party of Profits
The world’s cat has got quite some tricks up his sleeve already. 80% of the supply, which will be available on launch, will be locked in a liquidity pool. In the scenario of heightened demand for the token in the market, BIG holders will rejoice. Besides, the BIG ecosystem is tax-free: the token is free of buying, selling, and trading tax.
As far as the project’s ecosystem is concerned, Big Eyes Coin has several projects in the wings, including its own NFT Space, exchange, and a merch shop beside the casino. With all domains covered, this kitty is truly the jack of all trades!
If you’re looking to make financial gains, there could not be a better choice than investing in the best P2E projects. While the opportunity is tempting, one must remember that most projects do not guarantee returns. Big Eyes Coin cancels this out, being backed by a team that is keen on increasing the coin’s utility and maximizing incentives for the community.
Get ready to roll the dice, for the Big Eyes Casino is set to spark a gaming revolution and propel BIG tokens to dizzying heights. Lady Luck favors the brave, and Big Eyes Coin stands at the forefront, lending a winning hand to those who dare.
Find out more about Big Eyes Coin (BIG):
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
Instagram: https://www.instagram.com/BigEyesCoin/
Twitter: https://twitter.com/BigEyesCoin
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.
140 days ago • cryptodaily
Don't Miss New Meme Coin DogeMiyagi If you Already Missed Dogecoin And Shiba Inu Early
Have you missed out incredible meme coin gains from Dogecoin AND Shiba Inu?
Before you start beating yourself up for not having the foresight to see their potential, or for not having a time machine, remember that investing in cryptocurrencies is a risky game. The incredible gains of Dogecoin (DOGE) and Shiba Inu (SHIB) were fueled by a unique set of circumstances and the unpredictable nature of the market. It's important to approach cryptocurrency investments with caution, do thorough research, and understand the risks involved.
While Dogecoin and Shiba Inu's prices have experienced volatility, and past gains are no guarantee of future success, the impact it has had on the crypto world is undeniable. It has shown that even a seemingly whimsical meme coin can captivate the imagination of millions and provide extraordinary opportunities for those who dare to take a chance. In this article, we’ll look at the past performances of Dogecoin and Shiba Inu, and look at a new pup on the block that has the makings to be Dogecoin and Shiba Inu’s successor: DogeMiyagi (MIYAGI).
Dogecoin: The Life-Altering Gains You Could've Had If You Invested In Meme Coins
Established as a lighthearted joke in 2013, Dogecoin (DOGE) quickly gained popularity thanks to its adorable Shiba Inu mascot and the power of internet memes. And Elon Musk. But little did anyone know that this playful cryptocurrency had the potential to create life-altering wealth for some fortunate investors.
In May 2015, Dogecoin could be purchased for a mere $0.0001247. Fast forward to May 2021, when Dogecoin reached its peak with everyone aboard the hype train. At that time, the price of Dogecoin skyrocketed to an astonishing $0.6358. If you had invested $100 in Dogecoin back in May 2015, and you had held on until its peak in May 2021, that humble $100 investment would have inflated 509,764%!
Just a little bit more than the returns you get on your savings accounts.
Shiba Inu: From Meme Coins to a Millionaire!
If you thought Dogecoin was the only meme coin that had the power to change lives, think again. Shiba Inu (SHIB), the canine-themed cryptocurrency that took the crypto world by storm, has its own tale of astronomical gains.
Cast your mind back to March 2021, when the price of 1 Shiba Inu token could be acquired for a minuscule $0.00000002. Fast forward to October 2021, when the frenzy around Shiba Inu reached its peak. The price per token skyrocketed to an incredible $0.00007924. The price surge is an astounding gain of over 396100%! Yes, you read that right. It's the stuff of crypto dreams.
Meme Coins, Missed Opportunities and DogeMiyagi
DogeMiyagi (MIYAGI) is not your ordinary cryptocurrency. It is a 100% community-driven project with plans to evolve into a fully-fledged Decentralised Autonomous Organisation (DAO).
With its vibrant and supportive community, DogeMiyagi is all about overcoming adversity, showing resilience, and having a good time while doing it. It offers a space where like-minded individuals can come together to support each other, trade DogeMiyagi NFTs, engage in crypto discussions, and meme to their hearts' content.
Built on the Ethereum blockchain, DogeMiyagi embraces the power of a green and sustainable future. Utilising the proof-of-stake consensus mechanism, it is 99.9% more efficient than the energy-intensive Bitcoin. This not only makes DogeMiyagi more environmentally friendly but also positions it as a forward-thinking cryptocurrency with a conscience.
Additionally, being built on Ethereum comes with a myriad of advantages, including the ability to leverage the vast ecosystem of decentralised applications (DApps) for products such as The Killer Swap Machine, powered by Uniswap. It allows for seamless trading of the $MIYAGI token with other ERC-20 tokens and Ethereum. It's user-friendly and connects with MetaMask, making it accessible to crypto enthusiasts of all levels.
And let's not forget the DogeMiyagi NFTs! These artistic wonders not only pay homage to martial arts, doges, and Mr. Miyagi but also grant exclusive access to a unique domain and ecosystem. Get ready to unlock freebies and immerse yourself in the vibrant DogeMiyagi community.
With such a solid foundation, DogeMiyagi has all the makings to follow in the footsteps of Dogecoin and Shiba Inu, becoming the next sensation in the meme coin realm. Don't let history repeat itself – join the DogeMiyagi dojo and embrace the potential for wild gains and delightful adventures in the crypto world!
So, as we reminisce about the life-altering gains one could have had with Dogecoin, Shiba Inu let it serve as a reminder that the world of cryptocurrencies is full of surprises. Who knows? The next hidden gem to blow up could be the humble DogeMiyagi. Stay vigilant, keep your paws on the pulse of the crypto market, and you might just be the next lucky investor to experience a life-altering financial journey.
For more on DogeMiyagi, check out the links below:
Website: https://dogemiyagi.com
Twitter: https://twitter.com/_Dogemiyagi_
Telegram: https://t.me/dogemiyagi
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.
141 day ago • cryptodaily
Big Eyes Coin Presale Ends Soon: Pur-ry Before 300% Bonus Of-fur Lapses!
Big Eyes Coin (BIG) and its presale campaign is nearly coming to an end. However, this doesn’t mean that their journey is finishing. In fact, things are just getting started! They’ve outlined an exchange roadmap, which includes exciting launches! It’s important to look back at what Big Eyes Coin represents, what it’s achieved in its journey, and what lies ahead for the six-month exchange roadmap!
The realm of cryptocurrency is diverse and vast, with a plethora of coins in circulation. Meme coins are a particular type that has gained massive popularity and investment in recent times. One such meme coin is Big Eyes Coin, which stands out in the market due to its environmental focus. The coin has garnered a strong presence among investors as it follows a proof-of-stake consensus mechanism, which makes it eco-friendly, unlike other coins that require intensive mining processes.
Big Eyes Coin has a unique approach to environmental conservation, which has attracted many investors. The coin supports charitable causes, and a portion of its holdings goes towards organisations that aim to protect the ocean, which has become increasingly important in light of climate change. The emphasis on preserving the environment sets it apart from other meme coins and has led to high hopes and expectations from investors.
One of the reasons why Big Eyes Coin is gaining traction is because of its successful presale campaign. The presale campaign has raised an impressive $34.5 million, a cat-tastic achievement. Investors who are looking to be a part of Big Eyes Coin's community can also purchase the Sushi Crew series of Big Eyes NFTs. These NFTs feature adorable cats and offer early access to forthcoming events and product releases.
The Rewarding Offer and Upcoming Exchanges
To incentivise investors further, Big Eyes Coin is currently offering a 300% bonus on purchases until the presale expires on June 3rd. To avail of this incredible offer, investors can use the code ‘END300’. With all these exciting developments, it's no surprise that Big Eyes Coin has become a buzzword in the world of cryptocurrency. Its unique approach to environmentalism, coupled with its innovative features, make it a promising investment option for those who want to make a positive impact while also making a profit.
The six-month exchange roadmap looks to bring Big Eyes Coin to the top of the meme coin market, competing with the likes of Dogecoin (DOGE) and Shiba Inu (INU). The CEX is yet to be announced but Big Eyes Coin will be on Uniswap’s (UNI) DEX on June 15th! There’s a possibility that the CEX could be launched on Binance BNB (BNB)! Exciting things to come for Big Eyes Coin. Over the six months, they will be listed on exchanges such as Gate.io, Bitget, BKEX, LBank, Deepcoin and many more! Stick around for these next six months to not miss the launch of these excellent exchanges.
In conclusion, the upcoming six-month exchange roadmap promises exciting launches, including Uniswap's DEX and potentially Binance BNB's CEX. Investors can look forward to the development of Big Eyes Coin and its potential to compete with other meme coins. With all the exciting developments, it's clear that Big Eyes Coin is a promising investment option for those who want to make a positive impact while potentially making a profit.
For more on Big Eyes Coin (BIG):
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
OpenSea: https://opensea.io/collection/big-eyes-lootbox-cards
Twitter: https://twitter.com/BigEyesCoin
Medium: https://medium.com/@BigEyesOfficial/big-eyes-big-news-6-month-roadmap-for-exchanges-future-development-df49a24c06fe
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.
146 days ago • cryptodaily
Navigating the Crypto Industry: Companies to Learn From
There are always fresh problems and possibilities in the crypto market for investors and developers. Many businesses are learning to swim in this increasingly murky industry as they strive to meet the needs of an ever-expanding customer base.
Interestingly, some of these companies have seen widespread adoption and success in the crypto market by facilitating trading, staking, and lending, among other activities. These platforms have succeeded, whereas others have failed by catering to their users' needs with an intuitive interface, lightning-fast transaction processing, and friendly support staff. Notably, successful crypto marketing has been one of the main factors for a project's success, especially when working in sync with the product team.
In the United States, high-income earners are disproportionately represented among crypto investors. Those making $100,000 annually comprise 25 percent of crypto owners but only 15 percent of the general public. This shows how proper crypto investment can skyrocket an investor.
In this piece, we'll look at some of the leading crypto firms that have managed to thrive despite their many challenges. These companies are at the top of their game because they've developed groundbreaking products and services.
Top Companies Uncovered By Our Compass
CoinPayments holds a prominent position as the leading and foremost cryptocurrency payment processor worldwide. With a user base exceeding one million and over 120,000 registered merchants hailing from more than 190 countries, CoinPayments stands out as one of the most widely-used multi-crypto payment platforms accessible on the internet.
Since its inception in 2013, CoinPayments has established a comprehensive crypto payment gateway solution that empowers merchants to accept more than 100 cryptocurrencies and hold over 2,000+ altcoins on a single platform.
Secondly, Contractus is a blockchain-based service that facilitates secure and encrypted one-click processing of contract signatures, cutting costs and accelerating the process. It operates on the highly scalable and rapidly expanding Solana blockchain, making it reliable and efficient. Contractus ensures instant execution of contracts, with no third-party intermediaries involved, and guarantees term fulfillment for all parties at a low fee of just 0.5% per transaction. It encrypts all client contract details and sensitive data, supports payment in various cryptocurrencies, and operates through an easy-to-use mobile application.
With integrated Shamir's Secret Sharing scheme and multi-signature approach, Contractus offers a secure and automated system for contract signing. It also provides third-party validation of contract results, ensuring work payment only after validation. These features make Contractus an efficient, cost-effective, and reliable platform for contract signing and execution, especially for transactions involving considerable sums. Principally, the company has a free-of-charge rate called Holder mode - when a client holds a 10.000 CTUS token and more or pays in Contractus tokens.
Also, at the forefront of Metaverse innovation, ALTAVA Group offers a one-of-a-kind platform that allows leading brands to connect their offline and online experiences via blockchain technology. ALTAVA's NFT prowess is on full display with its BAGC Collection, a golf-themed offshoot of the Bored Ape Yacht Club (BAYC), licensed from Elite Apes, The Sandbox, and Animoca Brands. The platform also operates the Second Skin NFT Collection, which is expertly integrated with WOY, the company's proprietary Metaverse, available on both the App Store and Play Store.
ALTAVA's got some big names backing it, like Hyundai, LG, Spartan, and Animoca Brands. Notably, the platform has seen over 300% year-over-year revenue growth. Despite that, TAVA's token price is way too low compared to its accomplishments. This year's expected to bridge all gaps for TAVA and ALTAVA as more people catch on to what this project is all about.
In addition to the list, Lossless is at the forefront of providing Web3 security solutions to high-level projects. The team of cybersecurity experts, blockchain engineers, finance professionals, and white-hat hackers invest heavily in research and development to develop innovative and novel security measures. With its groundbreaking solutions, Lossless mitigates any financial losses caused by exploitation or malicious cyber activity. Currently, the team is launching another exceptional solution to a broader audience.
Would you like to say hello to Aegis from Lossless? The All-Seeing Eye? It is a go-to tool for vigilantly monitoring contracts and wallets. Its mission is simple but incredibly effective: to help detect suspicious activity and alert on any unexpected changes in TVL, malicious smart contracts deployed, flash loans, and many other potentially harmful events as soon as possible. Whether a user is a retail user or a web3 company, Aegis provides an excellent way to track and monitor malicious action patterns and gives the necessary time and opportunity to take action if an attack occurs.
It’s worth mentioning that OneLedger is a blockchain platform that gives organizations a more straightforward approach to embracing blockchain technology. The company overcomes the scalability, security, and high transaction price challenges. Its interoperability function supports Ethereum, Bitcoin, BSC, Polkadot, and Matic. OneLedger's scalability feature allows 4,000 transactions per second compared to Ethereum's 4 transactions per second, making it ideal for high-volume transactions. Additionally, OneLedger offers low transaction fees, making it affordable for businesses to implement blockchain solutions.
The platform's developer-friendly tools make it simple for developers to create blockchain apps fast and effectively. Its SDK and OLVM let developers design blockchain apps. OneLedger's testnet, Frankenstein, and mainnet, Kratos, are also available via Google Cloud Marketplace and Opensea, which makes it simpler for developers to test and deploy their apps. With OneLedger, companies can profit from the promise of blockchain technology without worrying about scalability, security, and expensive transaction costs.
Wrapping up, Eldora is the premier financial center in the metaverse, revolutionizing the growth of business alliances and investment groups. Their goal is to give users more agency by giving them early access to curated financial information about cryptocurrencies, DeFi, trading, and related industries. Eldora is a game-changer for corporations and the ultra-wealthy alike; it's more than simply a decentralized package of services. With the platform, users can access various blockchain-based, decentralized services that protect privacy and make financial dealings completely transparent. The Eldora NFT grants membership into their gated community and use of its features.
Furthermore, users may launch their own company, solicit funding from friends and family, and publicize lucrative prospects for investment simply by connecting their property to Defi Services and the financial system. Eldora equips one with everything you need to navigate the dynamic financial markets of the metaverse. Join Eldora now before you lose out on this game-changing chance!
Thriving in the Cryptocurrency Market: Strategies for Success
Many companies have succeeded in the crypto challenging environment and established themselves as market leaders. These companies have achieved great success by focusing on what their clients want and working hard to meet those needs in novel ways.
Their dedication to improving the customer's overall experience is a driving force in their success. The complex nature of the crypto sector may put off new users. Still, businesses that have created user-friendly interfaces and provide excellent assistance have seen increased client acquisition.
The potential to create game-changing goods and services is another differentiating characteristic for thriving crypto businesses. This calls for in-depth familiarity with the industry and user requirements. Businesses that can anticipate the emergence of new trends and quickly respond with appropriate responses will be able to maintain a competitive edge.
Notably, the disproportionate number of high-income earners among investors is an intriguing trend in the cryptocurrency business. This indicates that there is an excellent chance for firms to capitalize on this market by catering to its specific requirements.
There is a lot of potential for experimentation and development in the cryptocurrency market since the sector as a whole is still in its infancy. Successful companies of the future will be those who master this challenging environment and provide novel answers to its many challenges.
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.