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ECC(ECC)

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? SAT
Market Cap (Rank#0)
?
? BTC
Vol 24h
?
? BTC
Circulating Supply
?
Max Supply
25,000,000,000
83 days agocoindesk
Ripple-Owned Crypto Custody Firm Metaco's CEO and Head of Product Depart
Metaco CEO Adrien Treccani and Chief Product Officer Peter DeMeo have left the crypto custody firm that was acquired by Ripple last year.
153 days agocoindesk
Rebecca Rose: 'What Goes on Inside That Brain' of Jesse Pollak's?
The artist made an NFT of the Base leader for our Most Influential package.
215 days agocointelegraph
Neal Stephenson’s blockchain project holds discovery month as metaverse hype wanes
Lamina1 CEO Rebecca Barkin told Cointelegraph that as long as people continue to invest time and money in digital experiences, the metaverse will continue to come to life.
227 days agocryptodaily
Coinbase Flags 51% Risk On Zcash Amidst ViaBTC Control
The Electric Coin Company (ECC), the entity behind Zcash, has responded to Coinbase and its preventive measures, stating it is aware of the issue.
235 days agocoindesk
What Correlations Tell Us About the Value of Multi-Asset Crypto Portfolios
Max Freccia of Truvius does some number-crunching to evaluate the benefits of expanding beyond the biggest cryptos.
258 days agocryptodaily
Momentum Capital Celebrates $10 Million Investment from BM Fund
San Francisco, California, August 21st, 2023, Chainwire Momentum Capital, a pioneering crypto-native fund headquartered in the vibrant heart of the San Francisco Bay Area, proudly announces a significant and pivotal achievement: the successful acquisition of a $10 million investment from Canada’s esteemed BM Fund. This remarkable infusion of capital, secured in July 2023, stands as a resounding testament to Momentum Capital’s exceptional capabilities, even amidst the challenges of dynamic market conditions. Carmen, the visionary Founder of BM Fund, lauds Momentum Capital’s impressive track record, asserting, “Our decision to invest in Momentum Capital during bear markets underscores their unparalleled proficiency.” Momentum Capital’s unwavering commitment during the most volatile market phases epitomizes their resolute dedication and formidable expertise. The firm’s adept navigation of challenging market conditions is palpable in its strategic partnership with the distinguished BM Fund, further validating the trust that investors place in Momentum Capital’s strategic acumen. Looking ahead to the countercyclical phase, Momentum Capital remains strategically poised to amplify its focus and capitalize on forthcoming opportunities. With an impeccable history of successful collaborations and an unblemished track record, the firm’s unwavering commitment to professionalism, a seasoned team, and a history of fruitful partnerships underscores its unparalleled mastery. The newly procured capital will be strategically allocated to further amplify team expansion and catalyze early-stage Web3 projects, thereby reinforcing Momentum Capital’s formidable stance within the dynamic crypto investment landscape. Since its inception, Momentum Capital has emerged as a dynamic powerhouse within the crypto realm, boasting a seasoned team of veterans and pioneers in the industry. This collective wealth of experience further solidifies the firm’s credibility and underscores its well-earned reputation. Gary, the accomplished Managing Partner of Momentum Capital, lucidly outlines the fund’s strategic path, accentuating its enduring commitment. “Momentum Capital’s dedication remains steadfast across the ebbs and flows of market cycles, as we remain devoted to investing in and nurturing Web3 projects of intrinsic value. As we navigate the currents of the market in the next six to twelve months, our focus will extend to authentically nurturing global builders, with a keen emphasis on Web3 infrastructure, regional Web3 opportunities, and groundbreaking Web3 applications.” For further information, kindly visit the official Momentum Capital website at https://mt.capital/. Connect with us on: Telegram: https://t.me/mtcapital_official Twitter: https://twitter.com/MTCapital_US Medium: https://medium.com/@MTCapital_US/subscribe LinkedIn: https://www.linkedin.com/company/mtcapitalus/ Discord: https://discord.gg/vhrcSJ2v
258 days agocryptodaily
Momentum Capital Celebrates $10 Million Investment from BM Fund
San Francisco, California, August 21st, 2023, Chainwire Momentum Capital, a pioneering crypto-native fund headquartered in the vibrant heart of the San Francisco Bay Area, proudly announces a significant and pivotal achievement: the successful acquisition of a $10 million investment from Canada’s esteemed BM Fund. This remarkable infusion of capital, secured in July 2023, stands as a resounding testament to Momentum Capital’s exceptional capabilities, even amidst the challenges of dynamic market conditions. Carmen, the visionary Founder of BM Fund, lauds Momentum Capital’s impressive track record, asserting, “Our decision to invest in Momentum Capital during bear markets underscores their unparalleled proficiency.” Momentum Capital’s unwavering commitment during the most volatile market phases epitomizes their resolute dedication and formidable expertise. The firm’s adept navigation of challenging market conditions is palpable in its strategic partnership with the distinguished BM Fund, further validating the trust that investors place in Momentum Capital’s strategic acumen. Looking ahead to the countercyclical phase, Momentum Capital remains strategically poised to amplify its focus and capitalize on forthcoming opportunities. With an impeccable history of successful collaborations and an unblemished track record, the firm’s unwavering commitment to professionalism, a seasoned team, and a history of fruitful partnerships underscores its unparalleled mastery. The newly procured capital will be strategically allocated to further amplify team expansion and catalyze early-stage Web3 projects, thereby reinforcing Momentum Capital’s formidable stance within the dynamic crypto investment landscape. Since its inception, Momentum Capital has emerged as a dynamic powerhouse within the crypto realm, boasting a seasoned team of veterans and pioneers in the industry. This collective wealth of experience further solidifies the firm’s credibility and underscores its well-earned reputation. Gary, the accomplished Managing Partner of Momentum Capital, lucidly outlines the fund’s strategic path, accentuating its enduring commitment. “Momentum Capital’s dedication remains steadfast across the ebbs and flows of market cycles, as we remain devoted to investing in and nurturing Web3 projects of intrinsic value. As we navigate the currents of the market in the next six to twelve months, our focus will extend to authentically nurturing global builders, with a keen emphasis on Web3 infrastructure, regional Web3 opportunities, and groundbreaking Web3 applications.” For further information, kindly visit the official Momentum Capital website at https://mt.capital/. Connect with us on: Telegram: https://t.me/mtcapital_official Twitter: https://twitter.com/MTCapital_US Medium: https://medium.com/@MTCapital_US/subscribe LinkedIn: https://www.linkedin.com/company/mtcapitalus/ Discord: https://discord.gg/vhrcSJ2v
268 days agocryptodaily
Ethereum and Cardano TVL Explodes per Reports, Can Pomerdoge Catch Up?
TVL or the total value of digital assets locked in a decentralized finance (DeFi) platform is often used as a metric to judge the growth of a network. A recent report shows that Ethereum (ETH) and Cardano (ADA) TVL have seen an upsurge. A new project, Pomerdoge (POMD), has shown potential, but can it keep up in the highly competitive cryptocurrency world? Click Here To Find Out More About The Pomerdoge (POMD) Presale Ethereum and Cardano TVL Explodes The TVL metric is often used to judge the growth of a DeFi network. Recent reports from Messari have shown that the TVL of Ethereum (ETH) and Cardano (ADA) has been on the rise despite the bearish crypto market. According to Messari, the TVL of Cardano has increased by 198.6% year-to-date (YTD). Cardano now has more than $175 million locked in its DeFi ecosystem. The increase in TVL has helped Cardano move from the 34th position to the 21st in overall TVL across all blockchains. Messari links the growth of Cardano’s DeFi ecosystem to the launch of stablecoins, improved programming languages, and new wallets. On the other hand, Ethereum still dominates the DeFispace as the leading network. At the time of this writing, Ethereum has more than $23.5 billion in TVL. The explosive growth of Cardano and Ethereum is considered impressive due to the recent price drop in crypto prices. With the prices of Ethereum and Cardano forecasted to recover by the end of 2023, the TVL locked in their respective chains could increase further. Can Pomerdoge (POMD) Catch Up in the DeFi Space? In the already competitive DeFi space, a new project, Pomerdoge (POMD), is launching to public acclaim from market experts. There are bullish predictions for Pomerdoge because it is creating a unique niche for itself. Pomerdoge would be the first project to combine the fanfare of crypto meme coins with the fast-growing play-to-earn sector. Pomerdoge is building an enthralling game where players can earn rewards and alsocommunicate via a social infrastructure. With unique, eccentric avatars called Pomerdoge, players will enter competitions in the eye-catching world of Pomerdoges. In-game products and NFTs can be sold for real money in the Pomerplace, the ecosystem's marketplace. The platform is growing at an impressive rate as players have great opportunities to earn. Players can enter weekly contests and giveaways for a chance to win up to $100,000 in weekly giveaways. Experts have predicted that Pomerdoge will compete with the biggest names in DeFias it perfectly fuses entertainment and financial opportunity. As a result, many analysts have predicted that Pomerdoge will become one of the P2E games and stage one of the largest rallies before the end of the year. Early forecasts estimate a 4,000% price gain for the Pomerdoge utility coin by December. Investors have a wonderful opportunity to join the Pomerdoge ecosystem before its massive rally, which is now trading at $0.007. Find out more about the Pomerdoge (POMD) Presale Today: Website: https://pomerdoge.com/ Telegram Community: https://t.me/pomerdoge 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.
268 days agocryptodaily
Ethereum and Cardano TVL Explodes per Reports, Can Pomerdoge Catch Up?
TVL or the total value of digital assets locked in a decentralized finance (DeFi) platform is often used as a metric to judge the growth of a network. A recent report shows that Ethereum (ETH) and Cardano (ADA) TVL have seen an upsurge. A new project, Pomerdoge (POMD), has shown potential, but can it keep up in the highly competitive cryptocurrency world? Click Here To Find Out More About The Pomerdoge (POMD) Presale Ethereum and Cardano TVL Explodes The TVL metric is often used to judge the growth of a DeFi network. Recent reports from Messari have shown that the TVL of Ethereum (ETH) and Cardano (ADA) has been on the rise despite the bearish crypto market. According to Messari, the TVL of Cardano has increased by 198.6% year-to-date (YTD). Cardano now has more than $175 million locked in its DeFi ecosystem. The increase in TVL has helped Cardano move from the 34th position to the 21st in overall TVL across all blockchains. Messari links the growth of Cardano’s DeFi ecosystem to the launch of stablecoins, improved programming languages, and new wallets. On the other hand, Ethereum still dominates the DeFispace as the leading network. At the time of this writing, Ethereum has more than $23.5 billion in TVL. The explosive growth of Cardano and Ethereum is considered impressive due to the recent price drop in crypto prices. With the prices of Ethereum and Cardano forecasted to recover by the end of 2023, the TVL locked in their respective chains could increase further. Can Pomerdoge (POMD) Catch Up in the DeFi Space? In the already competitive DeFi space, a new project, Pomerdoge (POMD), is launching to public acclaim from market experts. There are bullish predictions for Pomerdoge because it is creating a unique niche for itself. Pomerdoge would be the first project to combine the fanfare of crypto meme coins with the fast-growing play-to-earn sector. Pomerdoge is building an enthralling game where players can earn rewards and alsocommunicate via a social infrastructure. With unique, eccentric avatars called Pomerdoge, players will enter competitions in the eye-catching world of Pomerdoges. In-game products and NFTs can be sold for real money in the Pomerplace, the ecosystem's marketplace. The platform is growing at an impressive rate as players have great opportunities to earn. Players can enter weekly contests and giveaways for a chance to win up to $100,000 in weekly giveaways. Experts have predicted that Pomerdoge will compete with the biggest names in DeFias it perfectly fuses entertainment and financial opportunity. As a result, many analysts have predicted that Pomerdoge will become one of the P2E games and stage one of the largest rallies before the end of the year. Early forecasts estimate a 4,000% price gain for the Pomerdoge utility coin by December. Investors have a wonderful opportunity to join the Pomerdoge ecosystem before its massive rally, which is now trading at $0.007. Find out more about the Pomerdoge (POMD) Presale Today: Website: https://pomerdoge.com/ Telegram Community: https://t.me/pomerdoge 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.
275 days agocryptodaily
Hacker Behind 2016 Bitfinex Attack Pleads Guilty at Court
Ilya Lichtenstein admitted to laundering the $4.5B worth of Bitcoin stolen during the 2016 Bitfinex attack; his wife Heather Morgan also pleaded guilty. Seven-year-long Investigation Comes to an End According to the CNBC report, resident of New York City Ilya Lichtenstein admitted to being the original hacker behind the 2016 Bitfinex attack in a federal court in Washington, D.C on July 3. On the same day, his wife Heather Morgan also pleaded guilty to the counts of money laundering and conspiracy related to the hack. The cyberattack deprived Bitfinext of almost 120 BTC, which was worth $70 million at the time and has since risen to the price of $4.5 billion. It took the US Department of Justice (DOJ) seven years to seize the stolen funds and the person responsible for the hack. “Bitfinex diligently worked with the U.S. Department of Justice to identify the perpetrators of the hack, recover the stolen bitcoin, and bring the hackers to justice," said an external spokesperson for Bitfinex. "After seven years, those efforts have come to fruition.” The Bizarre Couple Caught for Money Laundering Ilya Lichtenstein and his wife Heather Morgan, also known as “Razzlekhan” (the name she uses to publish her comedy rap videos) were arrested on charges of money laundering and theft in connection to the 2016 Bitfinex hack in February 2022. However, the Department of Justice didn’t accuse the couple of being the original hackers behind the attack at that time. Morgan proclaimed to be a cybercrime expert specializing in social engineering on her LinkedIn, while Lichtenstein had technical background in coding and data analysis. These facts suggested that the couple had enough expertise to pull off the hack, even though many didn’t believe it due to the image of eccentric personas the two projected on the Internet. Most of the Bitfinex Funds Recovered At the time of Lichtenstein's and Morgan’s arrest, the DOJ was able to recover 94,000 BTC linked to the hack, the sum now equivalent to around $3.6 billion. It was discovered that in early 2017, Lichtenstein “began to move a portion of the Bitcoin” stolen during the Bitfinex attack “in a series of small, complex transactions across multiple accounts and platforms.” The shuffling process, which involved a large number of transactions, was aimed at obscuring the path of the stolen money. Last month, the crypto exchange recovered another part of its lost funds: $312,219 in cash and 6.9 in Bitcoin Cash (BCH) worth around $1951 today. Apparently, the United States Department of Homeland Security got control of the sum in 2022 after the culprit’s arrest. The couple is now facing up to 25 years in prison. Following their arrest in 2022, Netflix announced it might create a series about the case. 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.
275 days agocryptodaily
Hacker Behind 2016 Bitfinex Attack Pleads Guilty at Court
Ilya Lichtenstein admitted to laundering the $4.5B worth of Bitcoin stolen during the 2016 Bitfinex attack; his wife Heather Morgan also pleaded guilty. Seven-year-long Investigation Comes to an End According to the CNBC report, resident of New York City Ilya Lichtenstein admitted to being the original hacker behind the 2016 Bitfinex attack in a federal court in Washington, D.C on July 3. On the same day, his wife Heather Morgan also pleaded guilty to the counts of money laundering and conspiracy related to the hack. The cyberattack deprived Bitfinext of almost 120 BTC, which was worth $70 million at the time and has since risen to the price of $4.5 billion. It took the US Department of Justice (DOJ) seven years to seize the stolen funds and the person responsible for the hack. “Bitfinex diligently worked with the U.S. Department of Justice to identify the perpetrators of the hack, recover the stolen bitcoin, and bring the hackers to justice," said an external spokesperson for Bitfinex. "After seven years, those efforts have come to fruition.” The Bizarre Couple Caught for Money Laundering Ilya Lichtenstein and his wife Heather Morgan, also known as “Razzlekhan” (the name she uses to publish her comedy rap videos) were arrested on charges of money laundering and theft in connection to the 2016 Bitfinex hack in February 2022. However, the Department of Justice didn’t accuse the couple of being the original hackers behind the attack at that time. Morgan proclaimed to be a cybercrime expert specializing in social engineering on her LinkedIn, while Lichtenstein had technical background in coding and data analysis. These facts suggested that the couple had enough expertise to pull off the hack, even though many didn’t believe it due to the image of eccentric personas the two projected on the Internet. Most of the Bitfinex Funds Recovered At the time of Lichtenstein's and Morgan’s arrest, the DOJ was able to recover 94,000 BTC linked to the hack, the sum now equivalent to around $3.6 billion. It was discovered that in early 2017, Lichtenstein “began to move a portion of the Bitcoin” stolen during the Bitfinex attack “in a series of small, complex transactions across multiple accounts and platforms.” The shuffling process, which involved a large number of transactions, was aimed at obscuring the path of the stolen money. Last month, the crypto exchange recovered another part of its lost funds: $312,219 in cash and 6.9 in Bitcoin Cash (BCH) worth around $1951 today. Apparently, the United States Department of Homeland Security got control of the sum in 2022 after the culprit’s arrest. The couple is now facing up to 25 years in prison. Following their arrest in 2022, Netflix announced it might create a series about the case. 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.
280 days agozycrypto
Big Demand as Polygon Chief Legal Officer Unveils Exciting Polygon 2.0 Plans
In a recent interview with CNBC, Rebecca Rettig, the Chief Legal Officer at Polygon Labs, revealed exciting developments for Polygon 2.0 that are bound to shake up the blockchain space.
286 days agocoindesk
How Texas Became a Global Mecca for Bitcoin Mining
Miners have flocked to the state since China banned mining in 2021, encouraged by cheap energy, grid incentives and an alignment of values. “Bitcoin is all about freedom,” says one miner. “And in my dealings with the utilities and the regulators, Texas is all about freedom.”
288 days agocryptodaily
Crypto Projects Worth Keeping an Eye On
Despite the recent bear run that lasted for a while, there is undeniable evidence that the bull run has commenced in the cryptocurrency market. Numerous cryptocurrencies have experienced remarkable spikes, and the overall market sentiment has been overwhelmingly positive, with green dominating the charts. As a result, individuals from all walks of life are eagerly seeking opportunities to invest their money in projects that have the potential for significant returns on investment in the long term. This surge in interest has led many projects to attract exceptional partners, team members, and professional marketing personnel, creating an enticing environment for potential investors. However, investors must conduct their research before making any investment decisions. Noteworthy Crypto Projects to Monitor During the Bull Run Cheelee Cheelee is a Web3 GameFi short video platform that offers a unique opportunity for users to earn money just by watching the video feed, giving way to all Web3 social media to mass adoption. The app welcomes new users with a complimentary pair of Starting digital glasses, thanks to which the user can start to earn when viewing the videos. The users can upgrade these glasses and earn more than X2 from the initial investment. Cheelee also introduces the $CHEEL – governance token, which shows stable growth and holds substantial potential because of its limited supply and high utilities. Cheelee is the first-of-its-kind app that monetizes time spent on social media. The app unquestionably captures attention as the hottest trend of 2023, combining the worlds of cryptocurrency and social media. Cheelee is available on App Store and Google Play. Intercoin Intercoin, a company driven by an ambitious vision of bringing cryptocurrency into the mainstream, has dedicated five years of meticulous effort under its chief architect, Greg Magarshak. Their primary focus has been developing smart contracts that serve communities worldwide. These contracts empower individuals to effortlessly deploy their decentralized autonomous organizations (DAOs), create unique coins and non-fungible tokens (NFTs), and host engaging auctions and contests with just a simple click. The team boasts a commendable track record, having previously released applications that successfully attracted a substantial user base of approximately one million community leaders across the globe. Currently, their relentless efforts are geared towards implementing these cutting-edge Web3 solutions for the benefit of these communities. Intercoin has an impending global launch scheduled later this year and has additional projects in the pipeline, including developing a web-based wallet slated for release in 2024 and an innovative post-blockchain distributed protocol aptly named Intercloud. Swaps Swaps emerges as a fully compliant and regulated European company, setting the standard in terms of security while offering a remarkably fast and user-friendly platform. Whether you're a beginner or an expert, an individual or a company, Swaps provides the ultimate solution for buying, selling, and receiving cryptocurrencies. The team behind Swaps recognized the need for change in the lengthy and complicated process of purchasing cryptocurrencies. Their mission was to enhance the customer experience and revolutionize the industry. Their expertise has completely reinvented the old ways, bringing forth a platform that caters to the industry's longing for simplicity retaining all the benefits for the users. Swaps has created an impeccably sleek platform featuring a world-class team of talents. By doing so, they have opened the doors of the crypto world to everyone, making transactions faster and easier than ever before. Walbi Walbi, a hybrid DeFi platform, seamlessly integrates a crypto exchange, Web3 non-custodial wallets, and an AI assistant to elevate crypto trading to new heights. Recently entering the beta testing phase, Walbi showcases its streamlined, AI-powered approach to managing digital finance. Walbi uses an AI assistant to provide personalized trading advice. It generates comprehensive financial analyses by aggregating data from various sources such as financial news, trending tweets, expert insights, historical cryptocurrency prices, and technical indicators. Walbi's AI empowers traders to make informed decisions while mitigating the risks of human error. In addition to the Walbi exchange, wallet, and the Walbi Lighthouse AI trading assistant, the platform offers features such as Walbi Earn staking, Walbi Cloud Miner, and an enticing rewards program. Asterizm Asterizm, a graduate of Techstars London Powered by Polygon 2023, is an essential blockchain interoperability solution that establishes a confidential communication channel for enterprises operating on various blockchains, FinTech, CBDCs, banks and web3 protocols. Founded by Artem Avdeev, Denis Polulyakhov and Alex Gotovets, Asterizmleverages its distinctive on-chain transaction validation and integrity check mechanism, ensuring seamless operations between both public and private networks while adhering to regulatory standards and mitigating the risks of data leaks. Asterizm has recently launched on mainnet and it already supports EVM-based public and private networks and the first two non-EVM blockchains. Moreover, the Asterizm team actively communicates and consults financial institutions, banks, CBDC operators and platforms dealing with tokenized assets. Their aim is to deliver the most convenient cross-chain solutions, ensuring seamless interoperability and efficient operations. Open Exchange Open Exchange (OPNX) emerges as a state-of-the-art cryptocurrency exchange, delivering seamless access to crypto claims, spot, and futures trading on a secure and user-friendly platform. OPNX is led by a team deeply knowledgeable about the shortcomings witnessed in the last crypto cycle. Recent bankruptcies within the crypto industry have left over 20 million users at a loss of $20 billion, as their funds remain locked on insolvent platforms. Setting a precedent, OPNX has become the pioneering exchange helping bankruptcy victims tokenize their claims (e.g., FTX and Celsius) and unlock immediate liquidity by converting claims into collateral for crypto futures trading. OPNX also facilitates flexible crypto trading with a powerful portfolio margin system, allowing users to leverage their entire portfolio of assets. Notably, the exchange launched its oUSD credit currency, enabling traders to borrow against their crypto holdings and trade on them with oUSD. Farmsent Farmsent is an innovative farmer-centric blockchain platform designed to revolutionize global food trade and enhance food security. With a strong focus on empowering farmers, Farmsent connects them directly with buyers, fostering a more transparent and efficient marketplace. This decentralized ecosystem enables secure and traceable transactions, ensuring food safety and quality throughout the supply chain. By prioritizing small farmers, Farmsent strives to create a fair and decentralized ecosystem, allowing them to access broader markets and fair prices for their produce. With web3 technologies, Farmsent aims to promote sustainability, optimize middlemen, and address the challenges of the modern agricultural landscape, contributing to a more resilient and secure global food system. Final Remark The market's recent history of losses has set the stage for a potential turnaround, and now is the opportune time for investors to capitalize on the potential gains. The bull run's emergence has instilled a sense of optimism, as cryptocurrencies have witnessed substantial growth and the market has turned green. With projects strategically aligning themselves with strong partners, talented teams, and effective marketing strategies, investors are presented with many promising options. Nevertheless, individuals must exercise caution and undertake thorough research before committing their funds, ensuring their investment decisions align with their financial goals and risk tolerance. By carefully navigating this evolving landscape, investors can position themselves to benefit from the market's newfound momentum and potentially achieve favorable returns. As the crypto market continues to witness substantial growth it's attracting experts such as Nick Perzichilli. With his network in Web3 and a track record of successes in Ecommerce, Banking and Marketing with $300m in exits, Nick recognizes the potential for blockchain technology. Through AdvisorX, the team actively collaborates with companies and is guiding them in transitioning from Web2 to Web3. With a network of over 300 people on the team contributing as seasoned advisors and service providers, including professionals from leading institutions, such as Google, Polygon, Binance, Hedera Hashgraph, and others, AdvisorX provides a broad range of services, including venture capital, GTM advisory, user acquisitions, community growth and more. In the booming market to come, Nick Perzichilli's views as an expert Advisor along with the hundreds of professionals working with AdvisorX serve as a compass, guiding projects in the space to navigate this rapidly evolving landscape. 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.
312 days agocryptodaily
Disney (DIS) Is Now Available for Trading on LBank Exchange
Road Town, BVI, June 27th, 2023, ChainwireLBank Exchange, a global digital asset trading platform, listed Disney (DIS) on June 27, 2023. For all users of LBank Exchange, the DIS/USDT trading pair is now officially available for trading.Disney (DIS) is a meme token issued by the relevant communities of blockchain, cryptocurrency, and mining.Introducing DisneyLBank Exchange is thrilled to announce the upcoming listing of Disney (DIS), a meme token that was initiated by Miningtw Technology Co., Ltd., a collaborative team based in Hong Kong and Taiwan. This token was issued by various communities involved in blockchain, cryptocurrency, and mining. The token is intended for use in various capacities such as interactive activities, event rewards, gifts, charitable endeavors, and aspirational purposes. With an economic model in which 50% of its circulating supply is committed to pledge mining for a period exceeding 5 years, users are rewarded proportionately per second based on the total amount of their pledges. The goal is to create a value that is worth holding and collecting over the long term. However, it's worth noting that DIS has no association with Walt Disney and their similar names are purely coincidental. Despite sharing a similar name, they operate in distinct domains and scopes, with the meme tokens existing purely for the sake of amusement and enjoyment.DIS token is a meme cryptocurrency, created with the intention of fostering fun and innovation. It is committed to building a democratic, transparent, and equitable community grounded on blockchain technology. The token was conceived by DaddyPig, a Hong Kong native who immigrated to Taiwan in search of democratic freedoms. In collaboration with Taiwan, DaddyPig established Miningtw Technology Co., Ltd. Starting off as a cryptocurrency miner, the company branched out to construct large mining facilities, dedicating itself to the development of several blockchain projects. These projects include the creation of a decentralized exchange (DEX) and several other blockchain ecosystem initiatives. DaddyPig has actively participated in blockchain development endeavors, such as Ethereum's PoS fork, the maintenance of EthereumFair (ETHF) under a PoW consensus mechanism, and the fork of DogeCoin from the Scrypt algorithm to the ETHASH algorithm, resulting in DogeW. Upholding the principle of decentralization, DaddyPig has invested significant resources in anticipation of the potential and future prospects of Web3.About DIS TokenBased on BEP-20, DIS has a total supply of 100 million (i.e. 100,000,000). In a move to incentivize DIS token holders, a five-year liquidity mining program has been launched, dedicating 50 million tokens, or half of the total issuance, to the staking mining reward pool. Approximately 27,397 DIS tokens will be distributed daily, or around 0.317 DIS per second, based on the total number of staked tokens. Additionally, 10% of the total DIS issuance, which equates to 10 million DIS tokens, will be locked for staking over a five-year span, with economic model and deflation mechanism, please refer to the white paper for details. It was listed on LBank Exchange at 9:00 UTC on June 27, 2023, investors who are interested in DIS can easily buy and sell it on LBank Exchange now. The listing of DIS token on LBank Exchange will undoubtedly help it further expand its business and draw more attention in the market.Learn More about DIS Token:Official Website: https://distoken.xyz/Twitter: https://twitter.com/distoken_xyzTelegram: https://t.me/miningtwxyzContract: https://bscscan.com/token/0xe2ecc66e14efa96e9c55945f79564f468882d24cAbout LBankLBank is one of the top crypto exchanges, established in 2015. It offers specialized financial derivatives, expert asset management services, and safe crypto trading to its users. The platform holds over 9 million users from more than 210 regions across the world. LBank is a cutting-edge growing platform that ensures the integrity of users' funds and aims to contribute to the global adoption of cryptocurrencies.Start Trading Now: lbank.comCommunity & Social Media:Telegram lTwitter lFacebook lLinkedIn lInstagram lYouTubePress contact:[email protected] Contact:LBK Blockchain Co. [email protected] Blockchain Co. [email protected]
313 days agocoindesk
Silicon Valley: The Mecca for Venture Capital May Be Cooling on Crypto
The storied birthplace of the U.S. tech industry is dripping with talent and money. But crypto founders who live in the No. 8 spot on CoinDesk’s Crypto Hubs 2023 list say that Web3 is losing ground to artificial intelligence in the race to capture the Valley's wallets and minds.
313 days agocoindesk
Lisbon: A Buzzy, Affordable Mecca for Buy-and-Hold Crypto Nomads
Portugal’s coastal capital offers a top-shelf European quality of life at discount prices. The No. 15 spot on CoinDesk’s Crypto Hubs 2023 attracts creative and entrepreneurial expats with a lively calendar of Web3 events, prized “digital nomad” visa and crypto-friendly tax laws.
317 days agocryptodaily
IMF still pushing CBDCs while continuing to highlight crypto risk
A recent IMF post was extremely favourable towards countries in Latin America and the Caribbean using central bank digital currencies, while denigrating El Salvador’s adoption of Bitcoin. The post by the International Monetary Fund suggested that Latin American and Caribbean (LAC) countries were making “significant strides in the introduction of central bank digital currencies (CBDCs). It cited the four Latin American countries of Brazil, Argentina, Colombia, and Ecuador, as ranking among the top 20 countries in 2022 for adoption of crypto assets. However, the IMF post chose to go along with the perceived disadvantages of these potential adoptions citing: “crypto asset adoption also presents numerous challenges and risks, particularly for vulnerable LAC countries with a history of macroeconomic instability, low institutional credibility, substantial capital flows, corruption, and extensive informal sectors.” On the subject of adoption, the IMF authors pointed out how the Dominican Republic and Argentina had prohibited the use of crypto assets, citing the concerns of “financial stability, currency and asset substitution, tax evasion, corruption and money laundering”. It was not mentioned that the IMF itself had obliged the Argentinian central bank to insert an anti-crypto clause in its agreement over a recent IMF bailout. The IMF said that it had carried out a survey of government officials in the LAC region and half of them had replied that they were considering retail and wholesale CBDC options. “Most survey participants viewed CBDCs as a means to enhance their payment systems and broaden their access. They deemed financial inclusion and monetary sovereignty as crucial factors in favor of retail CBDC issuance by facilitating the integration of unbanked individuals and curbing currency substitution towards stablecoins or crypto assets.” However, the IMF admitted that CBDC takeup was “slow” for the ECCU and the Bahamas, and stated that it was for this reason that these countries must promote CBDC adoption and raise public awareness of them. Opinion The IMF has a profound belief in fiat currencies, and the dollar in particular. It has spent the last several decades of its existence providing loans to primarily third world countries, thereby enslaving them in yet more debt. For such an organisation crypto assets are anathema, to be prohibited and repressed at any cost, despite acknowledging the obvious advantages that the crypto industry has brought to finance. That El Salvador might be having success with its bitcoin adoption strategy must be making officials at the IMF wring their hands with worry. Should the IMF be successful in urging some of these countries in the LAC region to adopt CBDCs then it can be expected that their citizens will be utterly controlled and enslaved. Hopefully citizens will have the education to reject a CBDC, just as is the case in Nigeria, where only 0.5% of the population are using the eNaira as a transaction option, even in the face of cash shortages. 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.
354 days agocoindesk
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