170 days ago • cryptopotato
‘Proof-of-humanity’ to Boot Bad Bots Off Chain and Digital Identity for Crypto to Thrive
[PRESS RELEASE – Amsterdam, Netherlands, November 16th, 2023] Today, Australian company Blue Biometrics Pty Ltd (Blue) and Dutch Layer-1 Blockchain Network, LTO Network (LTO) announced their collaboration to deliver a cross-chain proof-of-humanity solution. Together, they aim to weed out bad bots and meet the growing need for identity and fraud prevention for crypto assets. Customers […]
248 days ago • cryptodaily
New Crypto Breakthrough in Amsterdam and Political Support for Bitcoin
New Crypto Breakthrough in Amsterdam and Political Support for Bitcoin
It is not every day that interesting events or conferences are held in the crypto market, and therefore it is especially important to talk about them. To ensure that all interested parties receive the necessary information in a timely manner. That is why I would like to announce a groundbreakingevent this fall - the Bitcoin Amsterdam conference on October 12-14 in the capital of the Netherlands.
Recognizing the importance and significance of the event, the media partner of the event will be the well-knownBitcoin Magazine, whose Ukrainian franchise I am developing. Our readers will receive prompt information about the conference, its participants, and the topics discussed. I have no doubt that it will be interesting and professional, as always with Bitcoin Magazine.
We will see a lot of interesting speakers who, I am sure, will be able to attract both professionals and those who are just discovering the crypto market. The event is expected to feature speeches by Blockstream co-founder and CEO Adam Beck, Paxful CEO Ray Youssef, Bitrefill CEO Sergey Kotlyar, White Rock Management CEO Andy Long, and even Prince Filip Karageorgovich of Serbia. Of course, this is not a complete list, and there will be many authoritative and interesting personalities.
I think that especially those present will be interested in the founder of the Bitcoin fraction and member of the Libertarian Party of the Netherlands Tom van Lamoyen, who has already confirmed his participation on his page in X (former Twitter). In the parliament of his country, he deals with issues of economy, finance, taxation and supports the development of the crypto market, and he is considered a serious crypto activist.
“Bitcoin is digital libertarianism,” Lamoyen stresses.
The Libertaire Partij (LP) is not a newcomer to politics (it has been in existence for 30 years) and advocates clear values that it articulates: to create "a free world, a world in which no one is forced to sacrifice his life or property for the benefit of others". In 2014, the LP became the first political party in the Netherlands to adopt and support Bitcoin. I am sure that Tom van Lamoyen will share with the participants of Bitcoin Amsterdam interesting experience and ideas for the future.
There is a growing interest in cryptocurrencies in Europe, especially in the Netherlands. In 2023, CoinGecko analysts conducted an interesting survey and published a rating of the European states that are most interested in digital assets. The Netherlands, which accounted for 7.3% of such interest, ranked second after the United Kingdom. Analysts reported that most often the Dutch choose such coins - Fuse, Bone ShibaSwap and Cellframe.
In this country, full legalization of crypto has not yet passed, but the Central Bank of the Netherlands (DNB) has already issued work permits to 36 crypto companies. Last month, for example, it was received by Crypto.com, and before that – Coinbase Europe, eToro, Bitstamp.
In the Netherlands, crypto activists are very strong, and we see the results of their work. There are very interesting projects. For example, last year it became known about a giant greenhouse near Rotterdam, which is heated by the heat emitted in the process of mining Bitcoin - it does not go to waste, as in other farms. Mining servers are powered by solar panels on the roof. The result is a carbon-neutral operation that performs an important environmental function and allows you to reduce costs. The initiative is called Bitcoin Bloem, and I’m sure it will inspire many to other interesting projects.
I think Tom van Lamoyen will be able to share his experiences and talk about other initiatives in his country and abroad. It is not only pleasant, but also very useful when politicians are interested in the crypto market and try to help its development. There are more and more examples of this around the world.
In particular, Daniel Rish, Prime Minister and Finance Minister of Liechtenstein, has repeatedly stated the need for full legalization of Bitcoin in his country, and promised that cryptocurrency will be used to pay for public services. He also allowed investing in Bitcoin part of the foreign currency reserve of the state, which now amounts to 2.2 billion Swiss francs (2.5-year state budget of Liechtenstein).
In Poland, for example, Yaroslav Gowin from the center-right Accord party, formerly known as Poland Together, is a fan of cryptocurrencies. It was part of the ruling coalition United Right from 2015 to 2021. For most of this period, Gowin was Deputy Prime Minister as well as a member of parliament, and emphasized the potential of cryptocurrency and other financial innovations.
We should not forget about the American Cynthia Loummis– a US Senator from Wyoming, with whom I had the honour to discuss the prospects for the industry development and who has long supported the idea of cryptocurrencies. She bought her first Bitcoin back in 2013. Many times, shesupported laws expanding the use of cryptocurrency in the United States and two years ago, shelaunched the Senate Financial Innovation Group. Now, she is member of the Senate Banking Committee.
A few days ago, from the report of the Office of Government Ethics it became known that her epic Republican colleague and ex-president of the United States Donald Trump keeps up to $500 thousand in Ethereum wallet.
Earlier, the media reported that Democratic presidential candidate Robert F. Kennedy Jr. (nephew of the 35th American president) bought 14 bitcoins for his children — 2 each. He is a very progressive politician, whom many openly call a crypto activist after his impressive speech at the crypto conference in Miami in May 2023 at The Miami Beach Convention Center. Kennedy publicly called Bitcoin a hard currency and put it on a par with silver, gold, and platinum, noting that it is able to support the US dollar, and open a new stage of financial stability of the world and prosperity of the country.
The support of politicians is very important, as it contributes to the development of the crypto market and its widespread legalization. I think Robert F. Kennedy will be right, and eventually this support will help save the classical financial market as well.
Serhiy Tron is an investor and the founder of White Rock Management.
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.
253 days ago • cryptodaily
Philatelie Liechtenstein and Renowned Artist Romero Britto Reveal Groundbreaking NFT Stamp
In an exciting merger of tradition and technology, Philatelie Liechtenstein, part of Liechtenstein’s official postal service, has debuted an NFT postage stamp infused with the artistry of internationally acclaimed neo-pop artist, Romero Britto. Launched on March 29, 2023, this innovation sets a new benchmark for both philately and the digital art realm.
Pop-art, stamps, and blockchain
Liechtenstein's foray into the world of blockchain technology began as early as 2021, but this recent collaboration with Britto, known for his distinctive public art installations worldwide, including Hyde Park, London, and John F. Kennedy Airport, New York, has undoubtedly generated new attention in the world of post stamps.
"We are proud to have been issuing stamps for 111 years now. The NFTs were created through the digital twin of a painting by Romero Britto, now on display in the Liechtenstein National Museum," says Roland Seger, CEO at LiechtensteinischePost AG.
Drawing from his personal journey, Britto toldCryptoDaily that,
"As art ambassador for the Philately Liechtenstein art edition, things have come full circle for me. When I was a kid inBrazil, I couldn't travel. But stamps let me dream. Through them, I could travel the world in my mind and get to faraway places."
The NFT Art Edition stands out in the novel arena of crypto-based stamps not just due to its blend of tradition and innovation but also because of its message of unity.
"My art, the painting for the philately and the design of the NFT stamps are meant to express joy of life. This style conveys my philosophy: a visual language of happiness! The work in the Liechtenstein National Museum stands not only for friendship, but also for the connection between tradition and the digital world. Mushrooms (through their roots) are the best-connected creatures in our world - just as we are digitally on the internet today," Britto reflected.
Each stamp, built on Ethereum’s ERC-721 standard, includes a unique SQR code, linking directly to its corresponding NFT on the Ethereum blockchain. This guarantees transparency and authenticity for collectors. Additional physical perks include gold foil embossed packaging and a certificate of authenticity.
Britto further emphasized the democratizing power of NFTs, saying,
"Art is for everyone. We should share love and positivity with each other. With my art, I want to convey this attitude. The NFTs allow everyone to participate in the art world. Through this unique project, everyone gets access to a world that was previously only available to a fewpeople.."
A growing field
As Liechtenstein's philately dives headfirst into the digital age, their initiatives not only revolutionize notions of authenticity and ownership but also underscore their commitment to evolving while paying homage to a century-old tradition. And notably, they’re not the only players in their field to realize the potential of NFTs.
Since the thoughtleader’s first venture into blockchain back in 2021, the release of Stamp 4.0, the world’s first NFT stamp, other postage services in Europe have caught on to the idea. As Cointelegraph reported, the Dutch and Austrian postage services have followed suit and released their own blockchain-based stamps to the public in Fall 2022.
The future of philately seems promising, with a perfect blend of the past, present, and future, creating an inviting space for both traditional stamp enthusiasts and new-age collectors. As the world continues to become more digitalized, it seems fair to assume that collectors and even consumers will be seeing more post services leverage blockchain technology. It's even conceivable that postal services will abandon the old-fashioned physical stamps and soon rely entirely on their NFT counterparts for domestic and international mail.
One thing is for sure: thanks to collaborations like these, Philatelie Liechtenstein ensures its revered position in philatelic history for ages to come.
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.
253 days ago • cryptodaily
Philatelie Liechtenstein and Renowned Artist Romero Britto Reveal Groundbreaking NFT Stamp
In an exciting merger of tradition and technology, Philatelie Liechtenstein, part of Liechtenstein’s official postal service, has debuted an NFT postage stamp infused with the artistry of internationally acclaimed neo-pop artist, Romero Britto. Launched on March 29, 2023, this innovation sets a new benchmark for both philately and the digital art realm.
Pop-art, stamps, and blockchain
Liechtenstein's foray into the world of blockchain technology began as early as 2021, but this recent collaboration with Britto, known for his distinctive public art installations worldwide, including Hyde Park, London, and John F. Kennedy Airport, New York, has undoubtedly generated new attention in the world of post stamps.
"We are proud to have been issuing stamps for 111 years now. The NFTs were created through the digital twin of a painting by Romero Britto, now on display in the Liechtenstein National Museum," says Roland Seger, CEO at LiechtensteinischePost AG.
Drawing from his personal journey, Britto told NullTX that,
"As art ambassador for the Philately Liechtenstein art edition, things have come full circle for me. When I was a kid inBrazil, I couldn't travel. But stamps let me dream. Through them, I could travel the world in my mind and get to faraway places."
The NFT Art Edition stands out in the novel arena of crypto-based stamps not just due to its blend of tradition and innovation but also because of its message of unity.
"My art, the painting for the philately and the design of the NFT stamps are meant to express joy of life. This style conveys my philosophy: a visual language of happiness! The work in the Liechtenstein National Museum stands not only for friendship, but also for the connection between tradition and the digital world. Mushrooms (through their roots) are the best-connected creatures in our world - just as we are digitally on the internet today," Britto reflected.
Each stamp, built on Ethereum’s ERC-721 standard, includes a unique SQR code, linking directly to its corresponding NFT on the Ethereum blockchain. This guarantees transparency and authenticity for collectors. Additional physical perks include gold foil embossed packaging and a certificate of authenticity.
Britto further emphasized the democratizing power of NFTs, saying,
"Art is for everyone. We should share love and positivity with each other. With my art, I want to convey this attitude. The NFTs allow everyone to participate in the art world. Through this unique project, everyone gets access to a world that was previously only available to a fewpeople.."
A growing field
As Liechtenstein's philately dives headfirst into the digital age, their initiatives not only revolutionize notions of authenticity and ownership but also underscore their commitment to evolving while paying homage to a century-old tradition. And notably, they’re not the only players in their field to realize the potential of NFTs.
Since the thoughtleader’s first venture into blockchain back in 2021, the release of Stamp 4.0, the world’s first NFT stamp, other postage services in Europe have caught on to the idea. As Cointelegraph reported, the Dutch and Austrian postage services have followed suit and released their own blockchain-based stamps to the public in Fall 2022.
The future of philately seems promising, with a perfect blend of the past, present, and future, creating an inviting space for both traditional stamp enthusiasts and new-age collectors. As the world continues to become more digitalized, it seems fair to assume that collectors and even consumers will be seeing more post services leverage blockchain technology. It's even conceivable that postal services will abandon the old-fashioned physical stamps and soon rely entirely on their NFT counterparts for domestic and international mail.
One thing is for sure: thanks to collaborations like these, Philatelie Liechtenstein ensures its revered position in philatelic history for ages to come.
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.
256 days ago • cryptodaily
Finst becomes first Dutch cryptocurrency platform to release an extensive Proof of Reserves
According to LBank's latest announcement: https://support.lbank.com/hc/en-gb/articles/22061348602521
Amsterdam-based cryptocurrency exchange Finst announces the successful release of its Proof of Reserves (PoR) conducted by a reputable and independent audit firm
Finst’s extensive Proof of Reserves audit is a first-of-its-kind, aiming to address the limitations of traditional PoR and set higher transparency standards in the crypto industry
The audit, which will be renewed at least every 6 months, confirmed that Finst holds its clients’ assets on a full reserve basis (1:1) and has implemented an effective segregation of assets.
As a crypto investor, getting access to reliable insights into an exchange’s reserves and overall safety should be the norm. 8 months only after its launch,Finstbecomes the first and only Dutch cryptocurrency platform to unveil an extensive Proof of Reserves audit conducted by AuditNow, a reputable and independent Dutch audit firm.
The audit was skillfully led by AuditNow’s CEO, Daniël Waknine, a distinguished member of the World Compliance Association who has previously been collaborating with esteemed institutions such as BNP Paribas and ING holding.
As part of its Proof of Reserves audit, Finst has developed a comprehensive framework which provides full transparency on its structure, operations, assets, liabilities, business activities and overallsafety.
Challenging traditional Proof of Reserves limitations
Traditional Proof of Reserves audits merely focus on an exchange’s on chain holdings, with a scope often being limited to certain crypto assets, thus excluding the cash reserves of an exchange and its liabilities. Besides, traditional PoR audits do not verify whether an exchange has an effective segregation of assets in place, which is key in providing maximum safety as it prevents commingling of assets.
Julien Vallet, CEO & co-founder, commented:“Our analysis of various Proof of Reserves (PoR) statements highlighted a need for greater clarity in this area. Traditional PoR tend to leave important questions unanswered for investors, which is why we decided to develop a new standard which goes far beyond the verification of on-chain holdings.”
The outcome of Finst’s Proof of Reserves audit
The results of this thorough and independent audit confirmed that Finst holds the entirety of its clients’ assets on a full reserve basis (1:1) and has an effective segregation of assets in place through a bankruptcy-remote vehicle. Additionally, the audit verified the following key points:
Finst has policies and procedures in place to correctly safeguard its clients’ assets
The designated roles and responsibilities in the safeguarding procedures are fulfilled
A strict restriction of assets transfers to designated senior management employees is enforced
Clients’ assets are held in a bank account and wallets through a bankruptcy-remote vehicle, without any possibility of commingling funds
All clients’ assets have been acquired through users’ deposits, without the use of any loans
There is no transfer or use of clients’ assets by any third party
Clients’ assets are fully available, with a maximum time frame of 2 days
Finst’s collateralization rate is >100% for all coins listed on its platform
All cryptocurrencies listed on Finst’s platform have been included in the audit scope
The exchange also confirmed that it will renew its comprehensive Proof of Reserves audit at least every 6 months to ensure continuous and transparent information for its clients.
Julien Vallet, added:“Cryptocurrency investors rightfully deserve to know how well they are protected, especially in the wake of recent global exchanges collapses. We were surprised to see that no Dutch crypto platform has ever released a Proof of Reserves, and we firmly believe that this should become a standard practice. We extend an open invitation to all crypto platforms to join us in embracing this vital initiative so that we can collectively enhance the transparency and safety of the entire industry.”
To learn more, pleaseread the Proof of Reserves statement (EN).
About Finst
Finst is the fastest-growing cryptocurrency exchange in The Netherlands and offers a best-in-class investment platform together with institutional-grade security standards and 82% lower trading fees. Finst is led by the ex-core team of DEGIRO and is registered as a Crypto Service Provider with De Nederlandsche Bank (DNB). Finst aims to become the largest and most trusted cryptocurrency platform in Europe by enabling retail investors to benefit from the same opportunities and tools as professional traders. For more information visitwww.finst.com.
256 days ago • cryptodaily
Finst becomes first Dutch cryptocurrency platform to release an extensive Proof of Reserves
According to LBank's latest announcement: https://support.lbank.com/hc/en-gb/articles/22061348602521
Amsterdam-based cryptocurrency exchange Finst announces the successful release of its Proof of Reserves (PoR) conducted by a reputable and independent audit firm
Finst’s extensive Proof of Reserves audit is a first-of-its-kind, aiming to address the limitations of traditional PoR and set higher transparency standards in the crypto industry
The audit, which will be renewed at least every 6 months, confirmed that Finst holds its clients’ assets on a full reserve basis (1:1) and has implemented an effective segregation of assets.
As a crypto investor, getting access to reliable insights into an exchange’s reserves and overall safety should be the norm. 8 months only after its launch,Finstbecomes the first and only Dutch cryptocurrency platform to unveil an extensive Proof of Reserves audit conducted by AuditNow, a reputable and independent Dutch audit firm.
The audit was skillfully led by AuditNow’s CEO, Daniël Waknine, a distinguished member of the World Compliance Association who has previously been collaborating with esteemed institutions such as BNP Paribas and ING holding.
As part of its Proof of Reserves audit, Finst has developed a comprehensive framework which provides full transparency on its structure, operations, assets, liabilities, business activities and overallsafety.
Challenging traditional Proof of Reserves limitations
Traditional Proof of Reserves audits merely focus on an exchange’s on chain holdings, with a scope often being limited to certain crypto assets, thus excluding the cash reserves of an exchange and its liabilities. Besides, traditional PoR audits do not verify whether an exchange has an effective segregation of assets in place, which is key in providing maximum safety as it prevents commingling of assets.
Julien Vallet, CEO & co-founder, commented:“Our analysis of various Proof of Reserves (PoR) statements highlighted a need for greater clarity in this area. Traditional PoR tend to leave important questions unanswered for investors, which is why we decided to develop a new standard which goes far beyond the verification of on-chain holdings.”
The outcome of Finst’s Proof of Reserves audit
The results of this thorough and independent audit confirmed that Finst holds the entirety of its clients’ assets on a full reserve basis (1:1) and has an effective segregation of assets in place through a bankruptcy-remote vehicle. Additionally, the audit verified the following key points:
Finst has policies and procedures in place to correctly safeguard its clients’ assets
The designated roles and responsibilities in the safeguarding procedures are fulfilled
A strict restriction of assets transfers to designated senior management employees is enforced
Clients’ assets are held in a bank account and wallets through a bankruptcy-remote vehicle, without any possibility of commingling funds
All clients’ assets have been acquired through users’ deposits, without the use of any loans
There is no transfer or use of clients’ assets by any third party
Clients’ assets are fully available, with a maximum time frame of 2 days
Finst’s collateralization rate is >100% for all coins listed on its platform
All cryptocurrencies listed on Finst’s platform have been included in the audit scope
The exchange also confirmed that it will renew its comprehensive Proof of Reserves audit at least every 6 months to ensure continuous and transparent information for its clients.
Julien Vallet, added:“Cryptocurrency investors rightfully deserve to know how well they are protected, especially in the wake of recent global exchanges collapses. We were surprised to see that no Dutch crypto platform has ever released a Proof of Reserves, and we firmly believe that this should become a standard practice. We extend an open invitation to all crypto platforms to join us in embracing this vital initiative so that we can collectively enhance the transparency and safety of the entire industry.”
To learn more, pleaseread the Proof of Reserves statement (EN).
About Finst
Finst is the fastest-growing cryptocurrency exchange in The Netherlands and offers a best-in-class investment platform together with institutional-grade security standards and 82% lower trading fees. Finst is led by the ex-core team of DEGIRO and is registered as a Crypto Service Provider with De Nederlandsche Bank (DNB). Finst aims to become the largest and most trusted cryptocurrency platform in Europe by enabling retail investors to benefit from the same opportunities and tools as professional traders. For more information visitwww.finst.com.
315 days ago • cryptodaily
PEPE Makes Huge Gains, Crypto Daily TV 23/6/2023
In Todays Headline TV CryptoDaily News:
Pepecoin becomes biggest meme coin gainer
Pepecoin surged as much as 40% to extend weekly gains to over 70% amid a market-wide rally led by bitcoin. Trading volumes for the frog-themed tokens jumped to over $800 million, as a risk-on environment likely fueled outsized bets on riskier assets, such as altcoins and meme coins.
Ripple gets in-principle nod for digital asset services in Singapore
Blockchain-based payments firm Ripple has obtained in-principle regulatory approval from Singapore’s financial regulator to offer digital asset payments and token products in the city-state.
ETF-fueled rally puts ether lower versus BTC
The price ratio between ether and bitcoin, a commonly watched metric for the biggest cryptocurrencies, sank to a two-month low as a traditional finance giant's plan for a BTC exchange-traded fund dramatically shifted sentiment in the industry.
BTC/USD rose 0.5% in the last session.
The Bitcoin-Dollar pair rose 0.5% in the last session. According to the Williams indicator, we are in an overbought market. Support is at 27206.3333 and resistance at 32172.3333.
The Williams indicator points to an overbought market.
ETH/USD traded sideways in the last session.
Ethereum-Dollar price remained largely unchanged in the last session. The ROC is giving a negative signal. Support is at 1747.3767 and resistance at 1970.2567.
The ROC is currently in negative territory.
XRP/USD fell 0.4% in the last session.
Ripple fell 0.4% against the Dollar in the last trading session. The Stochastic-RSI's positive signal is in line with the overall technical analysis. Support is at 0.4835 and resistance at 0.5116.
The Stochastic-RSI is currently in positive territory.
LTC/USD skyrocketed 1.3% in the last session.
The Litecoin-Dollar pair skyrocketed 1.3% in the last session. The ROC's positive signal is in line with the overall technical analysis. Support is at 76.8733 and resistance at 91.3933
The ROC is currently in positive territory.
Daily Economic Calendar:
JP Jibun Bank Services PMI
The Jibun Bank Services Purchasing Managers Index (PMI) captures the business conditions in the services sector. The services PMI is an important indicator of the overall economic conditions. Japan's Jibun Bank Services PMI will be released at 00:30 GMT, the Dutch Gross Domestic Product at 04:30 GMT, the UK's CFTC GBP NC Net Positions at 20:30 GMT.
NL Gross Domestic Product
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UK CFTC GBP NC Net Positions
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US Baker Hughes US Oil Rig Count
The Baker Hughes Rig Count is an important business barometer for the drilling industry and its suppliers. Active drilling rigs consume products and services produced by the oil service industry. The US Baker Hughes US Oil Rig Count will be released at 17:00 GMT, the Belgian Leading Indicator at 13:00 GMT, the UK's Retail Sales at 06:00 GMT.
BE Leading Indicator
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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.