X Open Hub Adds 30 New Cryptocurrencies and 2 Emerging Market Indices to its Vast Asset List
Global provider of cutting-edge liquidity and technology solutions for financial institutions, X Open Hub has announced additions to its vast multi-asset offerings. The company has introduced 30 new cryptocurrencies and two emerging market indices, CH50cash and IND50cash, to the 5000+ global instruments it already offers.
With 12+ years experience offering world-class technology and transparent liquidity solutions for banks and brokers, X Open Hub is committed to supporting financial firms. The company aims to help them achieve cost-optimized business models through improved operational efficiency and increased profitability.
The Crypto Winter Is Ending Say AnalystsDespite the ongoing cryptocurrency winter, millennials and Gen Zs are increasingly looking at digital assets for investment purposes. A rise in awareness and education regarding this class of assets, along with their low correlation with price moves in traditional investment instruments, has been driving this interest.
Increasing regulatory oversight across numerous countries is expected to lend stability to the digital asset class. Additionally, the rise of DeFi projects is also likely to drive interest in cryptocurrencies. Moreover, the decline in crypto prices in recent months has many investors wondering whether to buy the dip before the crypto winter ends.
Historically, there have been four such crypto winters, including the current one. Each time, the market has reversed within around a year. So, investors might be looking at acquiring digital currencies while the prices are still low and before the market begins to rise once again.
X Open Hub Adds 30 New CryptosBrokers are increasingly looking at offering their clients opportunities to trade the most popular and promising digital currencies. X Open Hub has added 30 new cryptocurrencies to its already long list of crypto offerings.
The new crypto offerings available through X Open Hub’s liquidity solution are extensive and include:
AAVE, ALGORAND, APECOIN, CHILIZ, COSMOS, CRONOS, CURVEDAO, DECENTRALAND, DYDX, ELROND, FANTOM, FILECOIN, FTX, GALA, GRAPH, INTERCOMP, IOTA, KILOSHIB, KYBER, MAKER, METAL, NEO, SANDBOX, STEPN, SUSHI, TRON, VECHAIN, WAVES, ZCASH and ZILLIQA.
“We believe brokers need to stay abreast of trends and should perceive a wide range of cryptocurrencies as an additional tool to attract new customers or manage their retention. In the last quarter, we devoted a lot of attention to developing our asset class offering and equipping our partners with all the tools necessary to remain competitive in the market,” stated Michael Copiuk, CEO of X Open Hub.
IND50cash and CH50cash
X Open Hub has also added the IND50cash and CH50cash indices to its liquidity offerings. The IND50cash is based on the Nifty 50, the benchmark index that includes 50 of the most profitable companies across 12 sectors listed on the Indian stock markets. This makes it a well-diversified index. Alternatively, the CH50cash, is based on the China A50, a pan-China benchmark index that includes the top 50 companies, based on market cap, listed on the Shanghai and Shenzhen stock exchanges.
A Global Leader
Established in 2010, X Open Hub is the institutional arm of the XTB, which is listed on WSA and licensed across multiple jurisdictions, including the UK FCA, CySEC, IFSC, FSCA, and more. XOH has created a niche by providing complete front- and back-end technology and responsive support to propel growth for financial firms. X Open Hub’s solutions include deep institutional liquidity on more than 5,000 global instruments, including indices, shares, forex, cryptocurrencies, commodities, and ETFs, and a powerful white label platform that can be fully customised and branded for each brokerage. X Open Hub also offers multiple integration options to ease operations for brokers, such as FIX protocol, xAPI, MT4/MT5 Bridge or Gateway, and integration with Prime XM, Gold-I, oneZero, and more. This has helped the company gain over 100 clients across more than 30 countries within a decade of being launched.
Speak to the X Open Hub Team about cryptocurrencies and emerging market indices.
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
Bware Labs Announces The Blast Incentivized Testnet, Code-Named Houston
Working towards their stated goal to build the highest-performing, most reliable, blockchain API platform, Bware Labs, the company behind Blast, is launching the Houston Incentivized Testnet.
The purpose of the testnet mainly revolves around verifying all the technical aspects involved in the decentralization of the Blast API Platform, from the proprietary Node Integrity Protocol to the Staking Mechanism. At the same time, it aims at preparing future Node Providers for the mainnet launch while giving them the option to obtain enough funds to join the platform in its production state.
In terms of rewards, the total amount reserved for the entire Houston Testnet is 1M BWR tokens, which makes for 1% of the total token supply. The tokens received during the testnet will be sufficient for each participant to be able to run at least one node when the mainnet is live.
Bware Labs claims that, thanks to their integrity protocol and incentivization mechanism, the Blast API platform will be able to keep the highest level of performance in the industry even after the decentralization takes place. This means that no change in the quality of the service would be visible to their constantly growing number of adopters and customers, among which we can already enumerate Coingecko, DIA, Connext, Moonwell, Subscan, DappRadar and many others.
The first phase of the Houston Testnet (The Launch Phase), will be restricted to the companies’ closest partners from the infrastructure and node-operating segment. The list includes reputable companies with vast experience in running blockchain infrastructure such as: Dokia Capital, Stakin, P2P, Hashquark, Hypersphere and Woodstock. Once this preliminary stage is completed, Bware Labs will welcome independent node runners to onboard the testnet in Phase 2 (The Orbit Phase) and earn rewards, while helping the company achieve its mission of providing quality-driven, decentralized services.
The Houston Incentivized Testnet will end with a third phase (The Landing Phase), where the creativity of participants is required in finding improvements, corner cases, or any feedback that will help the platform become more robust and easier to use by both API consumers and Node Providers.
All the details for the Houston Testnet, as well as the schedule and missions for those interested in becoming Blast partners as Node Providers, are available on the Houston Testnet landing page https://houston.blastapi.io/houston-testnet.
About Bware Labs
The mission of Bware Labs is to create an infrastructure and development ecosystem that can help Web3 builders throughout their entire blockchain journey. The company aims to play a decisive role in worldwide blockchain adoption.
Proving its commitment to bringing true reliability and quality to Web3, Bware Labs has partnered with some of the greatest names in the industry such as Polygon, Avalanche, Elrond, Moonbeam and Fantom. This will further support blockchain development efforts by providing the highest quality infrastructure services in the crypto space.
Bware Labs also supports Blockchain projects from a validator role. Capitalizing on its engineering team’s vast blockchain experience, the company is trusted by more than 15 Blockchain Networks to run validators for their projects.
Website: https://bwarelabs.com/
About Blast, the blockchain API platform powered by Bware Labs
As the first and primary product developed under the Bware Labs umbrella, Blast is a blockchain API platform that provides easy blockchain access to the most relevant networks in the space. Using Blast, developers are able to get RPC and Websocket access to an ever-growing number of blockchain networks in just a couple of simple steps.
Providing unparalleled quality, performance and ease of use for API consumers like dApp developers, exchanges, and other crypto projects, Blast innovates on the provider side as well. It does this by being the first to adopt a reward model for node runners, incentivizing them in order to increase the decentralization of the platform and ultimately improve access to the supported blockchains.
Website: https://blastapi.io/
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.
Must Buy Altcoins: Elrond (EGLD), Dogecoin (DOGE) and Degrain (DGRN)
Every day, we move closer to the widespread adoption of cryptocurrency and investors are in a race to identify and get on the next big thing before it takes off. Finding such a project has been a difficult task with the current market situation. Many coins simply turn out to be cash grabs or are unprepared to survive the nasty bear market.
Nevertheless, many have made a fortune in the past few months, and many more will hit the jackpot. To be among them, we have done some research, so you won’t have to be aiming blindly in your search.
Here are three altcoins you need to have in your wallet to make healthy gains in the not-so-distant future.
Elrond (EGLD) Investors are rushing to buy into Degrain presale
Elrond (EGLD) took the crypto space by storm in 2020. The project concept had every investor and trader’s attention. Elrond (EGLD) is trading at 55.63 at the time of writing, although far down from its all time high Elrond (EGLD) has potential in 2023 to slightly rise bringing investors a predicted 10% gain. Analysts are predicting Elrond (EGLD) to be trading at a high of $64.20 in 2023.
Elrond (EGLD) boasted scalability and a massive transaction capacity. Elrond (EGLD) also launched its own mainnet which uses adaptive sharding implementation -- the first of its kind on the market. Many investors still have eyes on it, and it is one of the top cryptocurrencies in the market.
Dogecoin (DOGE) far off the all time high, Degrain will overtake Doge
Dogecoin (DOGE) is a coin many will not regret buying as long as you are prepared for the rollercoaster of incredible highs and shocking lows. Dogecoin (DOGE) originated as a meme coin but remains relevant even today, mainly due to the boost that occurred when Elon Musk announced Tesla would accept payment in Dogecoin (DOGE) for Tesla cars.
It is a coin that constantly fluctuates, especially on the whims of the wealthiest man on earth, Elon Musk. This year it has risen to new heights, and there have been rumors that Musk, a known supporter of the token, would integrate DOGE into his future business plans. Dogecoin (DOGE) has currently seen investors selling to buy into the most talked about presale crypto Degrain (DGRN)
Degrain (DGRN): The platform that gives back
Degrain will be the first cross-chain and decentralized NFT platform with plans to work with real-world firms. That’s not all; there are also plans to share all the revenue with its investors.
How would it accomplish this? Simple. The platform is equipped with an integrated AI smart contract which collects the trading fee and distributes 100% of it back to stakers of the DGRN token every 12 hours. Top crypto analysts have predicted Degrain (DGRN) to rise over 5,000% before the presale ends on the 30th of September.
Creators will also receive their royalty payments immediately after there is a sale of their NFT. The DGRN has been doing remarkably well since it was launched on July 7th, and on Wednesday, July 22nd, the price increased to $0.04. Phase one sold out after less than two weeks, liquidity will be locked for 10 years and team tokens will be locked for a year. The smart contract has been audited, this looks like a very safe investment. Getting some now would definitely do no harm. We have given our pick of the month for top crypto investment to Degrain. Enter their presale below.
Website: https://degrain.io
Presale: https://presale.degrain.io
Telegram: https://t.me/degrainio
Twitter: https://twitter.com/degrainio
Disclaimer: This is a sponsored pressrelease andis 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.
Every day, we move closer to the widespread adoption of cryptocurrency and investors are in a race to identify and get on the next big thing before it takes off. Finding such a project has be
Every day, we move closer to the widespread adoption of cryptocurrency and investors are in a race to identify and get on the next big thing before it takes off. Finding such a project has been a difficult task with the current market situation. Many coins simply turn out to be cash grabs or are unprepared to survive the nasty bear market.
Nevertheless, many have made a fortune in the past few months, and many more will hit the jackpot. To be among them, we have done some research, so you won’t have to be aiming blindly in your search.
Here are three altcoins you need to have in your wallet to make healthy gains in the not-so-distant future.
Elrond (EGLD) Investors are rushing to buy into Degrain presale
Elrond (EGLD) took the crypto space by storm in 2020. The project concept had every investor and trader’s attention. Elrond (EGLD) is trading at 55.63 at the time of writing, although far down from its all time high Elrond (EGLD) has potential in 2023 to slightly rise bringing investors a predicted 10% gain. Analysts are predicting Elrond (EGLD) to be trading at a high of $64.20 in 2023.
Elrond (EGLD) boasted scalability and a massive transaction capacity. Elrond (EGLD) also launched its own mainnet which uses adaptive sharding implementation -- the first of its kind on the market. Many investors still have eyes on it, and it is one of the top cryptocurrencies in the market.
Dogecoin (DOGE) far off the all time high, Degrain will overtake Doge
Dogecoin (DOGE) is a coin many will not regret buying as long as you are prepared for the rollercoaster of incredible highs and shocking lows. Dogecoin (DOGE) originated as a meme coin but remains relevant even today, mainly due to the boost that occurred when Elon Musk announced Tesla would accept payment in Dogecoin (DOGE) for Tesla cars.
It is a coin that constantly fluctuates, especially on the whims of the wealthiest man on earth, Elon Musk. This year it has risen to new heights, and there have been rumors that Musk, a known supporter of the token, would integrate DOGE into his future business plans. Dogecoin (DOGE) has currently seen investors selling to buy into the most talked about presale crypto Degrain (DGRN)
Degrain (DGRN): The platform that gives back
Degrain will be the first cross-chain and decentralized NFT platform with plans to work with real-world firms. That’s not all; there are also plans to share all the revenue with its investors.
How would it accomplish this? Simple. The platform is equipped with an integrated AI smart contract which collects the trading fee and distributes 100% of it back to stakers of the DGRN token every 12 hours. Top crypto analysts have predicted Degrain (DGRN) to rise over 5,000% before the presale ends on the 30th of September.
Creators will also receive their royalty payments immediately after there is a sale of their NFT. The DGRN has been doing remarkably well since it was launched on July 7th, and on Wednesday, July 22nd, the price increased to $0.04. Phase one sold out after less than two weeks, liquidity will be locked for 10 years and team tokens will be locked for a year. The smart contract has been audited, this looks like a very safe investment. Getting some now would definitely do no harm. We have given our pick of the month for top crypto investment to Degrain. Enter their presale below.
Website: https://degrain.io
Presale: https://presale.degrain.io
Telegram: https://t.me/degrainio
Twitter: https://twitter.com/degrainio
Disclaimer: This is a sponsored pressrelease andis 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.
Diversify Your Portfolio With These Three Altcoins - Elrond (ELGD), ApeCoin (APE) and RoboApe (RBA)
Crypto news today indicates that the much-dreaded crypto winter is here. In what crypto analysts call the longest bear market in history, the biggest losers have been the world's largest cryptocurrencies by market cap. Bitcoin (BTC) has been treading dangerously along the $20,000 limit for the past couple of days, and the same goes for Ethereum (ETH) and its $1000 limit. Crypto analysts believe it is going to get worse before it gets better. Whether this is true only time will tell.
The bear market doesn't necessarily mean a halt to things within the industry. In fact, this is the perfect avenue for long-term cryptocurrency purchase as crypto prices are at an all-time low. Traders should look to take advantage of the situation by looking into these three altcoins - Elrond (EGLD), ApeCoin (APE) and RoboApe (RBA). In this piece, we examine the three altcoins in depth.
Elrond (EGLD)
Elrond (EGLD) is a blockchain platform that seeks to offer extremely fast transaction speeds through a technology known as sharding. The platform is reportedly capable of 15,000 transactions per second, six-second latency and a $0.001 transaction cost. Its native cryptocurrency, EGLD, is used for paying network fees, staking and rewarding validators.
The Elrond (EGLD) platform was first announced in August 2019, and its main net went live in July 2020. The platform was co-founded in late 2017 by brothers Beniamin and Lucian Mincu alongside Lucian Todea as a solution to the problem of blockchain scalability, one of the most pressing problems that the cryptocurrency industry faces
Elrond (EGLD) is popularly referred to as a blockchain platform for the new internet economy, decentralised applications (dApps) and enterprise use due to its high scalability capabilities. The platform also supports developers building on the platform, allowing them to earn 30% of the smart contract fees as royalties to increase adoption.
According to Coinmarketcap, Elrond (EGLD) has a limited supply that starts at 20,000,000 EGLD, with new tokens minted to reward network validators. EGLD is available on several crypto platforms such as Binance, OKEx, Bitfinex and BitMax.
Apecoin (APE)
Apecoin (APE) is the latest addition to the ever-expanding Bored Ape Yacht Club (BAYC) ecosystem. The token serves as a utility and governance token to empower and incentivize a decentralised community building at the forefront of web3. Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) holders are entitled to a portion of ApeCoin (APE) which they can collect from the official Apecoin website.
As a governance token, Apecoin (APE) allows its token holders to participate in ApeCoin DAO and serves as a shared and open currency that can be used without centralised intermediaries. Apecoin (APE) holders also gain access to certain parts of the ecosystem that are otherwise unavailable, like exclusive games and services.
Apecoin (APE) is an Ethereum (ETH) based ERC-20 token and is secured by Ethereum’s proof-of-work (POW) consensus mechanism. Data from Coinmarketcap suggests that the total supply of ApeCoin (APE) is permanently fixed at 1 billion tokens, all minted at once. The token is available on several crypto platforms, including Binance, OKX, Bybit, FTX and MEXC.
RoboApe (RBA)
RoboApe is an upcoming crypto platform that seeks to redefine the meme coin sector through loads of features and real-life applications. Through its native cryptocurrency, the Roboape (RBA) Token, the platform will address economic shackles and make growth possible through its sustainable community development and rewarding culture.
RoboApe's ecosystem features innovative products such as an academy, an NFT marketplace and a token swapping protocol. The RBA Token is currently on presale and it can be a viable long-term cryptocurrency purchase. Traders can access the token via the links below.
Presale: presale.roboape.io/register
Website: roboape.io
Instagram: https://www.instagram.com/roboape.tokenTwitter: https://twitter.com/ROBOAPE_TOKENTelegram: https://t.me/ROBOAPE_OFFICIAL
Read more: Beyond Crypto Winter 2022: What the future holds for RoBoApe (RBA) and KuCoin Token (KCS)
Disclaimer: This is a sponsored pressrelease, andis 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.
Cantina Royale Taps Elrond Apes To Boost It’s In-Game Cross Chain NFT Collections
Vaduz, Lichtenstein, 28th June, 2022, ChainwireCantina Royale and Elrond Apes are teaming up to enhance the appeal of the upcoming top-down tactical arcade shooter with play-to-earn mechanics. Elrond Apes NFTs will be featured in the game and become usable across single and multiplayer battle modes.
Elrond Apes is yet another popular NFT collection to be bootstrapped into Cantina Royale. Additionally, the Bored Ape Yacht Club will be integrated in Q3 2022.
Collaborative efforts are an essential aspect of the NFT industry of today and the future. Cantina Royale is a highly-anticipated free-to-play play-to-earn game and embraces some innovative technologies to enhance the industry's interoperability and composability.
Verko's interoperability protocol is a crucial part of the Cantina Royale ecosystem. It enables NFT collections to become fully functional and playable 3D in-game characters. For Elrond Ape holders, that means using their favorite and most popular assets in the game. Furthermore, Verko's protocol will bring a set of exclusive traits and assets of the 3000 Elrond Apes NFT collection to Cantina Royale.
Those perks include the 1% lifetime earnings for all future recruited Space Apes. Adding such substantial liquidity to Elrond Apes increase the collection's appeal and offers a valuable incentive for long-term holding.
Daniel Sagi of Cantina Royale added that “Seeing NFT interoperability come to life with renowned NFT collections like Elrond Apes always feels like getting one step closer to the core tenet of blockchain technology. By bringing the Elrond Ape and Cantina Royale community together, I'm certain that this partnership will be a shiny case study for interoperability while everyone enjoys playing with their favorite NFTs.
The minting of an initial collection of 3,000 Elrond Apes NFTs will occur in the second half of July 2022. That initial collection allows holders to play the Cantina Royale game, with assets being redeemable once the Elrond Apes reveal takes place a few weeks later.
Elrond Apes holders will receive access to the lending platform. Through lending, NFT holders can tap into a passive revenue stream where they earn from digital assets by lending them to others. Rewards are earned as their borrowers do, with tokens allocated every week.
Karl Thomas of Elrond Apes concluded that: Cantina Royale’s innovative vision to bring the first of a kind free-to-play play-to-earn game was one that Elrond Apes wanted to be part of. From Lending, to breeding to playing the game with their favorite NFTs is where our communities will enjoy. Their innovative interoperability protocol will reach mass market and partnering with them and having unique Elrond apes part of the game, is an exciting endeavor
About Cantina Royale
Cantina Royale is the first title incubated by Verko, a Layer 2 Metaverse experience framework. Founded by Koby Menachemi and Daniel Sagi, Verko is a 40-person strong team with diverse multi-disciplinary backgrounds.
Verko acts as a plug-and-play mechanism that any game can use to tap into the benefits of blockchain technology through the use of APIs.
Cantina Royale is a 15-person passionate development team, with dozens of years of experience in game development.
Website | Twitter | Telegram | Discord
About Elrond Apes
Elrond Apes comprises 10,000 3D apes that are unique and randomly generated. The collection is working to assemble an NFT community on Elrond made up of collectors willing to participate in an amazing adventure. Creators enjoy a 10% royalty fee for every purchase made.
Website | Twitter | Discord | Telegram
ContactsDan [email protected]
Bear Market 2022: Purchase Elrond (EGLD), Near Protocol (NEAR) And RoboApe (RBA) For Future Gains
The first half of 2022 has been one of the worst periods for cryptocurrencies. Since the beginning of the year, significant tokens such as Bitcoin (BTC) and Ethereum (ETH) have declined by 40% to 50%, indicating a bear market 2022.
In addition, cryptocurrency markets have declined by more than 50% year-to-date (YTD), indicating that the bear market may persist for an extended time.
Typically, a bear market happens when financial assets drop more than 20% of their value from their previous all-time highs. According to this classification, cryptocurrency has been in a bear market since April 2022.
Numerous individuals speculate as to when the bear market will finish and if the leading tokens will be able to achieve their prior highs.
We've picked three coins that will appreciate and provide investors with substantial profits. These coins are Elrond (EGLD), Near Protocol (NEAR), and RoboApe (RBA).
Near Protocol (NEAR)
NEAR Protocol (NEAR) was founded by Alex Skidanov and Illia Polosukhin. They raised more than $20 million over multiple rounds from various VC firms.
NEAR aims to provide a platform to create decentralised applications (dApps). The platform is designed to entice computer networks to run the platform.
Additionally, its design is based on the concept of sharding. The network's infrastructure is split into various segments called nodes, making the process more efficient to retrieve data and helping to scale the network's platform.
The sharding technique is known as "Nightshade" by the Near Protocol (NEAR) team. Further, the NEAR Protocol allows users to pay fees for transactions and run applications.
Additionally, NEAR Protocol requires users to pay storage fees for the storage of data on the network and perform computations.
Those who wish to invest in NEAR should have faith in the potential of sharding as a means to scale blockchain technology and wish to participate in the future development of its ecosystem
Elrond (EGLD)
Elrond (EGLD) is a software meant to compete with Ethereum (ETH) and other major blockchains to expand the decentralised application and cryptocurrency ecosystem.
The Elrond (EGLD) platform is geared toward incentivising a decentralised computer network to execute a smart contract that prioritises scalability and cheap costs. The Elrond blockchain can handle over 15,000 transactions per second with minimal transaction fees.
Elrond (EGLD) may enjoy a higher increase than many other digital currencies, including market leaders, due to the enormous number of consumers seeking a solid solution to the sluggish and expensive blockchain transactions.
If more notable blockchain-operating institutions and organisations adopt the Elrond blockchain, the token's value might increase.
RoboApe (RBA)
RoboApe (RBA) is the most recent meme token primed to revolutionise the cryptocurrency market for various reasons.
RoboApe RBA) will adhere to a paradigm of deflation. Every transaction on the RoboApe network will incur a nominal price, with half of the money being burned and the other half restored to wallet holders.
RoboApe Token is a current meme token that will be capable of transcending economic barriers and promoting growth owing to its prolonged community development and rewarding culture.
RoboApe (RBA) will reorganise the supply of new ideas, resources, and decision-making to the RoboApe community as a decentralised autonomous organisation (DAO).
In addition, the protocol will include the RoboApe Academy. In this free resource centre, users can learn all they need to know about cryptocurrencies, sponsors and support a broad range of humanitarian actions and events aimed at bettering the world.
To advance meme currencies to the next level, the RoboApe community will be able to mint NFTs in the form of RoboApe cards, which they may keep or sell.
In addition, a substantial chunk of the RoboApe ecosystem will be composed of people seeking meme-centred experiences or services that are not readily available through centralised alternatives or social media platforms.
Join Presale: presale.roboape.io/register
Website: roboape.io
Instagram: https://www.instagram.com/roboape.tokenTwitter: https://twitter.com/ROBOAPE_TOKENTelegram: https://t.me/ROBOAPE_OFFICIAL
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.
Crypto Weekly Roundup: Jay-Z’s Free Bitcoin Academy, Merge Debuts On Ropsten, Retailers Target Crypto Payments, Terra Investigations, And More
More and more retailers are adopting crypto payment options. The Deloitte report confirms that. Several payment providers have also recognized this demand and have started providing the feature on their platforms. On the other hand, Terraform Labs is still in deep trouble, especially with the SEC, which is launching investigation after investigation to find the answers for the Terra (LUNA) crash. Let’s find out more.
Bitcoin
Rapper Jay-Z and Twitter founder Jack Dorsey have partnered up to launch The Bitcoin Academy, a free-of-service Bitcoin and crypto education program in Brooklyn, New York.
To counter the recent open letter sent by crypto skeptics to Congress, a group of human rights advocates has also sent a letter to Capitol Hill, asking for a “responsible crypto policy.”
Ethereum
The Ethereum network successfully deployed The Merge on the Ropsten testnet on Wednesday - a significant step towards activating proof-of-stake (PoS) consensus.
Altcoins
The LINK token hit a four-week high following Chainlink unveiling the details and the roadmap of its upcoming staking program, set to launch in the second half of 2022.
The new privacy features of Litecoin’s latest upgrade have led to it being delisted on major crypto exchanges in South Korea.
The decentralized exchange native to the Elrond Network, the Maiar Exchange, went offline and was placed under maintenance following suspicious activity, resulting in a drop in the price of EGLD.
Technology
A London-based think-tank reported that the obsession of most central banks with CBDCs might not work out favorably, as customers are not likely to feel incentivized enough to use them.
Business
Deloitte published its “Merchants Getting Ready For Crypto” report, revealing that around 75% of all U.S. retailers want to enable crypto payments within the next two years.
VeChain, one of the world’s leading sustainability-focused blockchain foundations, is now the first official Layer-1 blockchain sponsor of the UFC.
Solana Ventures has set up a $100 million investment and grant fund to sponsor Web3 startups in South Korea, primarily those involved in DeFi and GameFi.
The payments company, Checkout.com has announced that it will let users settle payments in the USDC stablecoin from now on to help merchants conduct transactions round-the-clock.
Payments giant PayPal has announced it now allows users to transfer crypto from their accounts to external wallets and exchanges.
After the CFTC, the Gemini Trust Co. has now been sued by the IRA over the former’s failure to prevent a hack that resulted in pension fund losses amounting to $36 million.
Regulation
The SEC has launched an investigation into Terraform Labs to evaluate if the marketing of the Terra stablecoin, TerraUSD (UST), violated federal investor-protection regulations.
A U.S. federal judge has also ordered Terraform Labs CEO Do Kwon to comply with the subpoena served by the SEC.
CFTC chairman Ross Benham has said that his agency is ready to move further into the crypto regulatory space and define which cryptos would come under its jurisdiction.
Ethiopia’s Central Bank has released a statement terming cryptocurrencies like bitcoin as illegal and prohibiting the use of any other currency except the Birr for all transactions within the country.
The SEC has accused the Binance crypto exchange of breaking securities rules during the ICO of its native token BNB held in 2017 and is investigating the same.
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.
Elrond Native Majar DEX suffers major exploit
The Maiar Exchange, a decentralized exchange native to the Elrond Network went offline, placed under maintenance following suspicious activity, resulting in a decline in price of EGLD.
News of the suspicious activity was confirmed by the Maiar exchange, and in a Twitter thread the co-founder and CEO of the Elrond Network Beniamin Mincu revealed that his team had identified “an exploit area that we simply had to address and mitigate immediately.”
The DEX was put into maintenance mode, and Mincu announced an emergency fix was being implemented, with some Twitter users fearing the worst. One Twitter user tweeted “all transactions are suspended on maiar!!! when this will turn on, big dump is [coming], remember my words”.
Elrond’s native token lost more than 7% of its value on Sunday, with EGLD dropping from $75. Fortunately, and in spite of the price decline experienced over the past day, EGLD has recovered slightly from a low of $65.50.
However, the exploit resulted in a down time, and subsequent decline in price of EGLD, with on-chain analyst Foudres explaining how the attackers could withdraw more than 1.65 million EGLD in a Twitter thread.
Mincu provided a fairly comprehensive update of how the team were progressing, sharing updates via his Twitter:
“Still all hands on deck with the team. Getting very close to complete recovery plan. Two swift upgrades being tested. Things looking very well. If test finalize well, pushing to share a step by step restrart plan in ~4-5 hours. Appreciate all support.”
Elrond (eGold, or EGLD) is the native coin of a blockchain that uses sharding, which spreads out crypto infrastructure into smaller pieces in order to help the network scale.
Beiamin has since released a video on Youtube that provides an overview of the last 24 hours, outlining the recovery plan, finally stating:
“You can basically assume that this type of crisis will come to all blockchains, and probably all dApps.”
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.
Plan an early retirement with Tezos (XTZ), Quitriam Finance (QTM), and Elrond (EGLD)
Retiring early is everybody’s dream but it requires careful planning so you can have enough funds to sustain a comfortable lifestyle. Tezos (XTZ), Quitriam Finance (QTM), and Elrond (EGLD) are three cryptocurrencies that can help you in realizing huge gains to plan for this future. Quitriam Finance is presently being sold through a presale and you can easily accumulate huge quantities of this token.
It will provide DEX and DeFi services along with a NFT launchpad and incubator site. The Tezos and Elrond networks have also launched exciting updates in the recent weeks that make them strong bets for potentially huge returns in 2022. Let’s find out if these three tokens can deliver great returns and help you to retire early.
Tezos launches Jakarta update
Tezos blockchain network is a self-upgradable system that does not require a hard fork. It is powered by the XTZ Token. The Tezos network is known for long-term upgradability, decentralization, open collaboration, and smart contract safety. The Tezos network has recently teased the launch of the Jakarta update which is one of the most important upgrades for the XTZ network. It will help in scaling and launch of layer 2 solutions on the Tezos network. The XTZ Token was trading at $2.15 at the time of writing and remains highly undervalued given its smart contract capabilities.
Elrond network has 12.44M staked EGLD
The Elrond network has seen increased participation from whales and retail players in the past few weeks. Its growing adoption has triggered a wave of new users on the EGLD chain. Elrond disclosed that it had achieved 1.63M accounts representing 45.98M transactions and 12.44M staked EGLD tokens. Last week, Elrond also saw the introduction of a new launchpad ecosystem known as BHero. The EGLD Token was trading at $108.56 at the time of writing.
Quitriam Finance provides peer-to-peer liquidity services
Unlike centralized exchanges that depend on other AMM’s (automated market maker) for liquidity, DEX platforms have an advantage because they can directly provide incentives to users for providing liquidity pairs.
However, even decentralized platforms suffer fromissues such as slippage losses and the impermanent losses suffered due to inefficient trading pairs. Quitriam Finance is powered by the QTM Token and will help in solving issues surrounding traditional DEXs. It will provide easy liuquidity pairing options and will introduce a stable coin known as QT. Users will be able to earn staking and liquidity mining rewards for their participation. Stable coins help in overcoming impermanent loss for liquidity providers as they have less volatility.
Since the ecosystem is deployed on multiple blockchain networks, users of Quitriam finance will benefit from lower gas fees compared to Ethereum based DEXs.
Holders of QTM will get the following benefits:
1. Staking rewards.
2. Liquidity mining rewards.
3. Governance rights through a secondary token called MC.
4. Lightning swaps and real-time transaction settlement.
5. Fast trading in a permission-less and secure manner.
6. Custody of funds will remain with the user at all times.
7. Access to high-yield farms.
8. 0.2% of the transaction fee is redistributed to token holders.
In addition, the Quitriam Finance team will also help in launching other promising and upcoming cryptocurrency tokens. It will help in the marketing and listing of other tokens on the DEX powered by the QTM platform.
You can purchase the QTM Token as it has many use cases and could experience a huge rally in the future. Always invest funds that are not immediately required in the near future as cryptocurrency investments yield bigger profits in the long term. Learn to ignore short-term volatility and lock funds for a longer period in order to gain handsome returns.
Follow the coin’s progress on a daily basis to stay updated and adjust your portfolio as required.
Learn more about Quitriam Finance (QTM)
https://presale.quitriam.io/register
https://quitriam.io/
https://t.me/QUITRIAMFINANCEOFFICIAL
https://twitter.com/quitriamfinance
https://www.instagram.com/quitriam_finance
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
