Ethereum(ETH)

The cryptocurrency industry has undoubtedly had a rocky few years. From high-profile scams to market crashes and regulatory hurdles, the industry has faced numerous setbacks that have shaken the confidence of even the most ardent crypto idealists. The "idealist" crypto projects and platforms can help unlock practical value. Adhering to core principles, such as decentralization, user control, and being verifiable, is essential to make a lasting industry impact. Those approaches introduce many new hurdles and challenges, but the following platforms continue innovating and pushing the industry forward - keeping crypto idealism alive. Theta Network (Decentralized Video Streaming) The decentralized video delivery network aims to disrupt the traditional video streaming industry. It uses blockchain technology to create a peer-to-peer network of users sharing video content, reducing the need for centralized servers and cutting costs. Theta Network also rewards users who contribute their computing resources to the network with Theta tokens, which can be used to access premium content and services on the platform. Theta Network has partnered with some of the biggest names in the video streaming industry, including Samsung, Google, and MGM Studios. As a result, it has a growing user base of millions of users worldwide. In addition, the platform's unique approach to video delivery has earned it praise from industry experts, and it has the potential to disrupt the traditional video streaming industry in a significant way. Nimiq (Crypto For Everyone) Nimiq is a decentralized cryptocurrency project that aims to make cryptocurrency accessible to everyone through a user-friendly and easy-to-use platform. A crucial boon of Nimiq is its focus on usability and accessibility, which makes it ideal for new users looking to enter the cryptocurrency world. That approach has given birth to various tools and infrastructure solutions to enable mass cryptocurrency adoption. A core benefit of Nimiq is its fast transaction times. Nimiq uses a unique consensus algorithm called Albatross, which allows for near-instant transactions. That is a significant advantage compared to other cryptocurrencies, which may take several minutes or even hours to confirm transactions. In essence, Nimiq is a decentralized payment solution with a native blockchain. Its team aims to usher in a global monetary system without intermediaries. In addition, its solution is non-discriminatory, secure, cheap, eco-friendly, and collaborative. It also removes concerns over market volatility, technical expertise requirements, and clunky interfaces. Cardano (Blockchain Infrastructure) Another platform that crypto idealists should keep their eye on is Cardano. Founded by Charles Hoskinson, one of the original co-founders of Ethereum, Cardano aims to create a more sustainable and scalable blockchain platform than its predecessors. Unlike other blockchain platforms that use proof-of-work algorithms to verify transactions, Cardano uses a more energy-efficient and scalable proof-of-stake consensus mechanism. Cardano also aims to provide greater security and transparency than other blockchain platforms by separating its transaction validation and computation processes into two separate layers. This approach allows for greater flexibility and efficiency and makes it easier to update the platform over time. Cardano's commitment to sustainability, scalability, and security has earned it a loyal following among crypto enthusiasts, and it has already established partnerships with several major companies and organizations. Lens Protocol (Decentralized Social Media) Lens Protocol is a decentralized platform built on the Polygon blockchain that allows users to create, trade, and manage synthetic assets. These synthetic assets are created by mirroring the value of other assets, such as commodities, stocks, and fiat currencies. It allows users to gain exposure to the underlying asset without owning it. The Lens Protocol platform is powered by smart contracts that ensure the accuracy and transparency of each transaction. Users can create synthetic assets or invest in existing ones called lenses. Each lens is backed by collateral, which is held in a smart contract, and the underlying asset's value determines its value. When a user invests in a lens, they receive a corresponding amount of synthetic tokens, which can be traded or redeemed for the underlying asset at any time. The Lens Protocol platform also includes a governance system that allows users to vote on proposals related to the platform's development and management. That gives users a say in how the platform operates and ensures it remains community-driven and decentralized. Overall, Lens Protocol provides a flexible and efficient way for users to gain exposure to a wide range of assets while leveraging the security and speed of the Polygon blockchain. To conclude, there is still a lot of activity in the cryptocurrency and blockchain space. While the overarching market momentum may remain volatile, builders put their best foot forward to unlock a brighter future. The projects outlined above showcase the building blocks users can experiment with today and in the future. Moreover, the varied approach by developers to explore different concepts - video streaming, social media, and making crypto more accessible - confirms the evolution of overall infrastructure. There is much more potential to unlock in the industry, as a decentralized web is inevitable at this point. 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.

Circle has announced that the USDC stablecoin will be launching in the Cosmos ecosystem through its partnership with the Noble network. The launch will make USDC available to all Cosmos IBC blockchains. USDC Comes To Cosmos Soon after making its way out of stealth, Noble Protocol has announced that it has entered into a partnership that will bring USDC natively to the Cosmos ecosystem. The news was announced by Circle, the issuer of the stablecoin, in a Twitter post, "We're excited to bring USDC to @Cosmos! USDC is expected to launch on @noble_xyz soon; stay tuned for details. #IBC" Noble Protocol also made its own announcement on Twitter, although no specific timeline or date for USDC's launch on Cosmos has been shared. "This is a huge moment for our ecosystem. @Cosmos has never had a native, fiat-backed stablecoin that is highly liquid & fully collateralized. For the first time in @Cosmos history, 50+ IBC-enabled blockchains (& counting!) will soon be able to access USDC natively via IBC." However, both Circle and Noble have asked users to "stay tuned." USDC is currently the second-largest stablecoin in the crypto space behind Tether and plays a crucial role in several decentralized finance (DeFi) projects. It is also used as collateral for lending and borrowing and generates yield thanks to its stability and dollar peg. While the stablecoin went through some volatility following the collapse of Silvergate Bank and Silicon Valley Bank, it has regained its dollar peg. First Native Stablecoin Cosmos is an interconnected web of blockchains that utilize the Tendermint Byzantine fault-tolerance protocol, Application Blockchain Interface, and Cosmos Software Development Kit. The Noble team stated that following the launch, USDC will be the first native, fiat-backed stablecoin on the Cosmos Inter-Blockchain Communication protocol. The team believes that introducing the highly liquid and fiat-backed USDC stablecoin would solve several challenges users face on Cosmos face when they try to bridge assets between different networks. The team explained, "This integration will catalyze hundreds of millions of dollars in liquidity over the coming months in Cosmos and will seek to rectify the challenges that users and appchains face when interacting with bridged assets sourced from other ecosystems. […] Every blockchain needs a canonical and fungible version of USDC, and Noble exists to fulfill this critical need." Currently, users on Cosmos can only access major stablecoins through bridge protocols such as Axelar and Gravity. With the introduction of USDC, DeFi protocols in the ecosystem will have a single stablecoin to turn to, and Noble hopes this could inject new liquidity into the ecosystem. CEO of Noble, Jelena Djuric, stated, "It's also for the users themselves to have a seamless process of accessing native assets in the ecosystem. At the end of the day, we're seeking to rectify the challenges that users and app chains face when interacting with bridge assets." Cosmos has seen a flurry of activity in recent months. In January, Injective Protocol launched a $150 million fund to promote further user adoption of the Cosmos ecosystem. The fund was backed by the likes of Jump Crypto, Pantera Capital, and others known for investing in blockchain projects. February saw the allocation of $40 million by the Cosmos Interchain Foundation to promote the development of core infrastructure and applications for the Cosmos ecosystem. Circle's Plans For Cosmos Circle had first stated its intention to launch USDC on Cosmos as early as September of last year. Furthermore, the decision to launch USDC on Cosmos is also linked to the fact that the lending protocol dYdX will soon be moving from Ethereum to the Cosmos IBC. Djuric added, "We're very much doing this in preparation for dYdX's launch. We see this as a huge moment for the Cosmos and the app chain thesis because this is a project that has already got a lot of success on Ethereum." 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.

Tether (USDT), bitcoin (BTC), ether (ETH), binance usd (BUSD) and bnb coin (BNB) make up around 81% of Binance’s total balance.

London, UK, 29th March, 2023, ChainwireMetacade, one of the most exciting GameFi ventures of 2023, has now raised over $14.7m as the presale goes into its final hours. With over 90% sold, the project expects to sell out ahead of their scheduled closing time, set for Friday 31st March at 23:59 Pacific Time.Metacade's CEO, Russell Bennett, commented: “We are rocketing towards the finish line and think we may even get there ahead of time, the support from the community has been fantastic and we’re delighted with our success so far. Although the work has only just begun for us, and now is time to prove what we can really do by overdelivering on our roadmap and other fronts!”Metacade tokens can be purchased until they sell out or until March 31st, whichever is sooner. Users can participate in the final stage presale here.The announcement of their impressive fundraising milestone follows a string of positive developments presented in a live 3 part ‘Metaseries’ by Metacade CEO Russell Bennet. This included a product walkthrough, highlighting the progress they have made so far, as well as a detailed overview of their staking plan and listing plans. The Metaseries can be viewed on their YouTube Streams channel here.Following on from the presale closing, Metacade will list their MCADE token on Uniwsap on the 6th April, and then BitMart on the week ending 16th April, with several more exchange partnerships following shortly after.As one of the first community-driven arcades in the blockchain arena, Metacade will offer a plethora of play-to-earn (P2E) games that will incentivize players with the native MCADE token based on their achievements. This a highly appealing option for those looking to explore the exciting world of community-driven arcades.Metacade's earning mechanism has been tailor-made to appeal to a wide range of blockchain enthusiasts, with the platform striving to become the go-to hub for Web3 users.The Metacade whitepaper highlights a number of noteworthy features, but one that particularly stands out is its innovative Metagrants program. Operating via a voting system, the program allows members of the Metacade community to propose and vote on projects that they deem worthy of funding. Once a project has been approved for funding, the developer receives a grant from the Metacade treasury, which they can use to develop their game.One of the key advantages of the Metagrants program is that it fosters the growth of the blockchain gaming industry by providing financial support to promising new projects for up-and-coming blockchain game developers.The Metagrants program operates in an innovative way that allows developers to submit funding applications to support the design and creation of the next generation of GameFi titles. Once submitted, these are then assessed by the Metacade community, where MCADE holders can cast their votes in support of their favorite proposals. The most popular ideas are awarded with crypto investments to support the game production process, with the first Metagrant game set to debut on the platform in Q1 of 2024.Metacade tokens can be purchased until they sell out or until March 31st, whichever is sooner. Users can participate in the final stage presale here.About MetacadeMetacade aims to become the go-to hub for gaming within the metaverse. As the first community arcade in the Web3 space, it provides a platform for gamers to socialize, share their gaming expertise, and play exclusive P2E games. By offering various income-generating opportunities and career-building pathways within the Web3 ecosystem, Metacade looks set to become an important hub for the gaming community to connect and engage with like-minded enthusiasts.Putting Metacade on par with other projects like The Sandbox, Polygon, and Axie Infinity, the highly anticipated P2E platform has earned approval from CertiK, a top-tier blockchain auditor, which gives investors peace of mind that the project's code and specifications have been reviewed and that the Metacade team has passed the KYC process, instilling confidence in the project's legitimacy.The overwhelming enthusiasm surrounding Metacade's presale is indicative of its potential to become the go-to GameFi hub for P2E gamers alongside a wide range of other use cases.Website| Whitepaper | Metacade SocialsContactCEORussell [email protected]

Developers on Ethereum have announced that the Shapella upgrade will take place on the 12th of April, 2023. The upgrade will take effect at epoch 194,048, coming as a relief for validators on the platform. Withdrawals Incoming The Shappella hard fork will come as a huge relief to Proof-of-Stake validators, who will finally be able to withdraw their ETH from the platform. The fork, scheduled for the 23rd of April, will enable withdrawals through the Ethereum Improvement Proposal (EIP) 4895. Once implemented, this will push staked Ether from the Beacon Chain to the Ethereum Virtual Machine (EVM), also known as the execution layer. Ethereum core developer Tim Beiko announced the news on Twitter, stating, “It’s happening Shapella is scheduled on mainnet for epoch 194048, scheduled for 22:27:35 UTC on the 12th of April, 2023. Client releases compatible with the upgrade are listed in the announcement below.” The time, slot, and epoch for the upgrade were confirmed after lengthy deliberations and discussions between members of the Ethereum Foundation, led by Beiko. The hard fork will finally enable the partial and complete withdrawal of ETH. However, several mechanisms have been put in place to ensure that a flood of unlocked ETH does not end up disturbing the market dynamics. Currently, there are around 17.81 million ETH staked on the beacon chain. At current prices, around $31.6 billion worth of ETH can be unlocked over time. Successful Deployment On Goerli And Sepolia Testnets The announcement comes after Ethereum developers successfully deployed the Shapella fork on the Goerli and Sepolia testnets. While the Ethereum Foundation had stated that the last test run on the Goerli testnet was smooth, there was a delay in activation time thanks to some validators not updating their client software on time. However, Beiko stated that this would not be an issue this time around. The upgrade combines changes to the Shanghai Ethereum Virtual Machine, also known as Shanghai, and the consensus layer, Capella. It has also changed to the engine API linking the two layers bundled in it. Apart from enabling withdrawals, the Shapella upgrade also implements several other Ethereum Improvement Proposals, such as EIP-3855, EIP-3651, EIP-3860, EIP-4895m, and EIP-6049. EIPs are standards that add or designate new features and processes for Ethereum. Before the Shapella upgrade, validators had to lock 32 ETH in a smart contract on the Beacon Chain to be able to earn rewards. Previous Hard Forks Ethereum has gone through a long list of hard forks, with the latest Shapella touted as one of the most significant to date since the Merge. The Merge saw Ethereum finally make the transition from the energy-hungry Proof-of-Work consensus mechanism to Proof-of-Stake. Before the Merge, we saw the London hard fork that saw the introduction of EIP-1559. EIP-1559 introduced a base fee for users instead of the price auction method. Validators still receive a block reward and tip. However, the base fee is burned and is intended to make ETH deflationary over time. Before EIP-1559, there was Berlin, which helped optimize gas costs for specific EVM actions, while the Beacon Chain Genesis saw the first block produced on the Proof-of-Stake chain on the 1st of December 2020. Lastly, Istanbul, implemented in 2019, helped improve resilience against denial-of-service attacks, along with making SNARKs and STARKs-based layer-2 solutions more performant. Additionally, the Ethereum Foundation also announced that it would be doubling rewards for any bugs found in the Shapella source code. However, while the Shapella hard fork marks a significant milestone in Ethereum’s journey, the protocol still suffers from low transaction throughput. Data from Blockchair has shown that Ethereum’s transaction speed currently stands at 10 transactions per second. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The date has been set for the long-awaited Ethereum Shanghai upgrade which will allow phased staking withdrawals.

Bitcoin is flat, but ether is up, on potentially favorable comments by the CFTC before Congress.

Shapella will take effect at epoch 194,048, which is scheduled for 10:27:35pm UTC on April 12.

Elizabeth Warren is back with an Anti-Money Laundering act that would — among other things — make it mostly illegal for you to use your own crypto wallet.

The Federal Deposit Insurance Corp. (FDIC) is trying to hurry the stranded crypto customers out the door of the temporary entity that holds the assets of the former Signature Bank, asking them to cash out by next week – whether they have a new bank or not.

Users will receive a transferable non-fungible token representing their request withdrawal for their staked ether.

With the ink still drying on its Binance action, U.S. Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam reiterated Tuesday that he believes ether is a commodity – a potentially controversial assertion that seems to counter what his counterpart at the Securities and Exchange Commission (SEC) has contended.

Ripple defense lawyer John E Deaton is confident that the presiding judge will soon be announcing her ruling regarding whether the crypto firm broke the law by selling unregistered securities. The imminent ruling is expected to decide the fate of XRP.

According to Santiment's data, just 10.31% of Ethereum's supply is held on exchanges.

Blockchain Capital led the round for the solution that allows Ethereum stakers to reuse those tokens.

The crypto industry is now seeing a considerable increase. While Ethereum (ETH) and EOS (EOS) are two unique tokens right now, analysts are more enamored by Orbeon Protocol (ORBN). This Stage 12 presale project has the potential to become a fan-favorite platform for millions of investors! Below, we'll examine each of these coins in more detail and see how they stack up against one another. Let's begin! >>BUY ORBEON TOKENS HERE>BUY ORBEON TOKENS HERE<< EOS (EOS) Now that the EVM is almost operational, some fascinating projects will start debuting on EOS (EOS). Cross-chain swaps will be added to the EOS (EOS) EVM thanks to the cooperation that the EOS (EOS) and Multichain revealed earlier this week. Currently, EOS (EOS) has a value of $1.12, a fall of 1% in the last day alone. Furthermore, the trading volume for EOS (EOS) has also taken a hit as it has decreased by 19% and sits at $99,743,515. With EOS (EOS) currently displaying a bearish sentiment, it could see a short-term price fall. However, bullish analysts believe EOS (EOS) will likely rise to $1.84 as soon as its technical indicators and moving averages show green. Find Out More About The Orbeon Protocol Presale Website: https://orbeonprotocol.com/ Presale: https://presale.orbeonprotocol.com/register Telegram: https://t.me/OrbeonProtocol 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.

ERC20 tokens are tokens built on the Ethereum blockchain and are standardized to ensure they are compatible with the Ethereum network. This means they can be easily integrated with other Ethereum-based applications, making them highly versatile and easy to use. But why do so many projects choose to release their tokens on the Ethereum blockchain? Well, Ethereum is one of the most popular blockchain platforms in the world, offering developers a wide range of benefits. For starters, it allows for creating smart contracts, self-executing contracts that can automate complex business processes. Additionally, Ethereum has a large and active developer community, so new tools and features are constantly added to the platform. If you're looking to invest in ERC20 tokens in 2023, then you'll want to keep an eye on some of the top projects in the space. In this article, we'll take a look at the top 8 ERC20 tokens to invest in this year. From DigiToads to Calvaria, each of these projects has something unique and is definitely worth considering for your portfolio. 1. DigiToads DigiToads is a new play-to-earn token with a toad-themed ecosystem designed to increase the passive income-earning potential of token holders. Developing a Web3 game where players can purchase, collect, and train toad NFTs as pets is one of the most exciting aspects of DigiToads. These toads can be used in battle and to climb the leaderboard rankings in exchange for the game's native currency, TOADS. At the end of each gaming season, half of the total prize pool, collected from in-game item sales, is distributed proportionally to the top 25 percent of players. Even if players don't finish in the top 25%, they still get 10% of the total prize pool. Additionally, 2% of each TOADS sale is dedicated to the staking pool, implying that players who stake their NFTs are eligible for large payouts. Notably, DigiToads are automatically burned at a rate of 2% of all TOADS transactions, resulting in a decreasing supply and increased potential for long-term appreciation for those who hold it. DigiToads presale has already raised over $340K in two weeks, so the project is truly about to make a revolution in the blockchain gaming industry. For More Information on DigiToads: Visit The Website: https://digitoads.world Join The Community: Linktr.ee/digitoads 2. ApeCoin ApeCoin is a relatively new ERC20 token developed by Yuga Labs, the creator of the Bored Ape Yacht Club and Mutant Ape Yacht Club non-fungible token (NFT) collections. APE is a governance and utility token used as the primary token in Web3 for art, gaming, entertainment, and events. Bored Apes, a collection of 10,000 unique digital artworks, has become a trademark of ApeCoin. ApeCoin is a decentralized autonomous organization (DAO) whose governance and management are handled by token holders. Therefore, all ApeCoin holders have the opportunity to join the ApeCoin DAO and have a say in how the Ecosystem Fund is distributed, as well as other governance rules, projects, and partnerships. The Ape Improvement Proposal (AIP) Process provides a methodical framework for community members to submit proposals in one of three broad categories: Core, Process, or Informational. 3. Decentraland Decentraland is a widely used metaverse platform that allows for digital advertising for blockchain-friendly brands and play-to-earn crypto games like ICE poker, virtual concerts, and more. Users can buy, sell, and manage virtual reality applications on this platform, encouraging more developers and operators to join the project's global network. The platform's original token, MANA, can be used to purchase LAND. LAND is a non-fungible digital asset stored in an Ethereum smart contract. The MANA currency serves many purposes beyond just facilitating avatar comparisons. In this online environment, users can buy land to construct, explore, and run their own businesses. 4. Uniswap Uniswap is an Ethereum-based protocol for executing decentralized exchanges. It allows users to trade any ERC-20 token without a central intermediary. Launched in November 2018, Uniswapis based on the Ethereum platform and takes advantage of its smart contracts, which carry out actions automatically once certain criteria are met. Since the protocol is freely available, anyone can use it to start new markets or participate in existing ones. The Uniswap protocol relies fundamentally on an AMM structure to facilitate trades. Instead of an order book, this model uses a mathematical algorithm to establish the value of tokens. Traders who contribute liquidity to the protocol do so by placing an equal number of two tokens into a liquidity pool, from which they receive liquidity pool tokens representing a proportional allocation of the pool's total value. In exchange for trading or holding these tokens, users gain access to a proportion of the protocol's transaction fees. 5. Maker Using the Ethereum blockchain, Maker (MKR) operates as a DAO to oversee the Maker Protocol. Dai is a stablecoin whose value is pegged to the US dollar, and it can be created on the Maker protocol, a decentralized lending platform. Using the Maker Protocol, borrowers can secure Ethereum as collateral and borrow Dai at a predetermined collateralization ratio. The system is set up to keep the value of a Dai at 1 USD at all times. MKR is the Maker protocol's token of governance. Holders of MKR can vote on proposed amendments to the protocol, such as the addition or deletion of collateral types and adjustments to the risk parameters. When the collateral value drops below the required collateralization ratio, auctions of unsecured debt are triggered, and MKR holders must participate in keeping the system stable. One of its most notable features is the Maker protocol's flexibility in accepting cryptocurrency, fiat currency, and even other stablecoins as collateral. This ensures that there are no central points of failure in the protocol and that it can continue to operate independently. All transactions and balances in Maker are public and auditable via the blockchain, adding to the protocol's credibility. 6. Yearn Finance Yearn Finance is a DeFi yield farming platform focused on helping its users maximize their cryptocurrency investment returns. Yearn Finance allows owners of ERC20 tokens to either lend out their tokens at potentially high-interest rates or stake them on the blockchain of a given project in exchange for rewards. The Yearn Finance token (YFI) is an ERC20 token unique to the platform. Its primary function is a governance token that entitles token holders to a say in which future projects the platform will support. YFI token holders are also eligible for a cut of the company's profits. A portion of the fees paid by Yean Finance users is allocated to managing the investments delivered to YFI token holders. 7. Dash 2 Trade Dash2Trade, a novel social trading and analytics tool, is another ERC20 token that deserves your attention. Its goal is to arm users with all the data they need to make educated decisions in the cryptocurrency market. Social trading, listing alerts, market news, on-chain analytics, and automated trading tools are just some of the platform's many features. Dash2Trade's native D2T token is what makes the platform work. D2T uses the Ethereum blockchain and has a maximum supply of 1 billion coins. 8. Calvaria Last but not least, we have Calvaria, an innovative crypto-card game. It is the traditional play-to-earn that allows users to earn money by competing against other users. The goal is to create a game that can bridge the gap between the "real world" and the crypto world, making it fun and approachable, and accessible on iPhone, Android, and PC. $RIA will be utilized to support the entire gaming ecosystem and awarded to tournament winners. The tokens are tradable on marketplaces and can be used to purchase virtual goods such as NFT cards. Players will also be rewarded with $eRIA (earned ria) tokens for their time and effort in the game. The $eRIA token will have utility and value in and out of the crypto community. Final Takeaway Investing in ERC20 tokens can be smart for those looking to diversify their cryptocurrency portfolios. With the wide range of benefits, the Ethereum blockchain offers, it's no surprise that many projects choose to release their tokens on this platform. The top 8 ERC20 tokens mentioned in the article offer unique features and growth potential, so diversify your portfolio and maximize your returns in the long term. To purchase DigiToads visit: https://digitoads.worldTo purchase the other tokens on this list head over to eToro or any major crypto exchange Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

The metaverse team at Disney has been laid off as a part of its company-wide staff reduction. What Is Happening To Metaverse Projects? Is the metaverse dream crashing? After Meta shelving its NFT project, Disney has been the next to cull its metaverse plans. According to the latest reports, the entertainment giant recently terminated 50 people who comprised its metaverse team in what the company is calling an attempt to control costs. CEO Bob Iger has called for the need for a streamlined business, and the company is in the process of laying off over 7,000 staff members from its entire roster as a part of this initiative. It looks like the metaverse team was just part of the casualties. It is clear that even Disney is not shielded from the economic downturn impacting large companies and has been forced to rethink expensive dream projects which are not bringing in any immediate revenue. Disney's Web3 Initiatives However, letting go of the metaverse team might indicate an issue deeper than the need to &ldquo;streamline&rdquo; business operations. It is clear that the company is questioning the continued value of Web3. The conglomerate had jumped on the Web3 bandwagon, much like all other major entertainment companies. Even though 2022 was a tough year for crypto, that was the year Disney chose to embark on its metaverse journey. The company started off by selecting Polygon as its blockchain partner. It also underwent rampant resource deployment for Web3 and started hiring initiatives for several positions; one of these include an in-house legal counseling position involving NFTs, blockchain, metaverse, and DeFi. Metaverse Shelved With Leadership Changes In February 2022, the former CEO of Disney, Bob Chapek, brought Mike White, who used to be the SVP of consumer experiences and platforms, to head the metaverse division. White was charged with spearheading Disney&rsquo;s Web3 expansion by developing interactive storytelling using Disney&rsquo;s extensive library of intellectual property. Soon after, in November 2022, Iger took over the company&rsquo;s leadership from Chapek and, despite recent developments, appeared quite bullish on the metaverse. However, last month the company announced that budget cuts for around $5.5 billion would soon be happening in the company, which would mean eliminating around 7000 jobs as a part of a broader restructuring. The entire metaverse team, other than White, has been let go, according to reports. Although White has retained his job, it is uncertain what his new position at the company is going to be. 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.

After experiencing a mid-term uptrend, Ethereum has now reached a significant resistance region of $1.7K-$2K. A successful breakout from this range may trigger a long-term bullish rally. However, there is also a possibility that the price may face rejection and fall below the 50-week moving average once again. Technical Analysis By Shayan The Weekly Chart […]

Female crypto founders are banding together to unlock the secrets of success in a male-dominated venture capital world.

Nvidia, the computing software and hardware design firm behind what some have touted to be the cutting edge in terms of processors, has long been a key player in the world of technology. Its silicon substrate designs laid the foundation for technological innovation for over the past three decades, driving progress in various industries. Nvidia CTO Michael Kagan, however, recently expressed his belief that cryptocurrencies do not "bring anything useful for society," in an interview from The Guardian. "All this crypto stuff, it needed parallel processing, and [Nvidia] is the best so people just programmed it to use for this purpose. They bought a lot of stuff, and then eventually it collapsed, because it doesn&rsquo;t bring anything useful for society. AI does." Kagan shares. Kagan also compared crypto to AI, claiming that the uses of processing power for artificial intelligence engines were somehow more "worthwhile" than mining or computing for proof-of-work blockchains. Despite this assertion, it's essential to examine Nvidia's history and its role in supporting the development of blockchain and distributed ledger technologies, which are shaping a decentralized future. Nvidia's Silicon Legacy As a silicon manufacturer, Nvidia has been at the forefront of the tech revolution. Silicon, the second most abundant element on Earth (seventh, if we include the entire known universe), is the primary component in semiconductor materials. Its unique properties have enabled the production of integrated circuits, microprocessors, and memory chips, all of which have played a pivotal role in the digital age. The growth of silicon-based technology has spurred advancements in computing, communications, and various other industries, impacting every aspect of our lives. This also extends to how blockchain technologies were first developed from the mid-80s until the threshold moment in January 2009, which was when the genesis block for Bitcoin was mined. As technology evolves, the salient prospects of creating cohesively interlinked ecosystems and stacks is increasingly shifting toward decentralization. Blockchain and distributed ledger technologies (DLT) are key to this development, enabling greater security, transparency, and efficiency in various sectors. The rise of Bitcoin and other cryptocurrencies is just one example of how these technologies are reshaping our world. Considering the legacy of companies like Nvidia, it is vital that they continue to support and nurture the growth of decentralized technologies. While the initial software behind Bitcoin relied heavily on proof-of-work, future implementations of blockchain and DLT may require less computing power as the shift to proof-of-stake becomes more apparent in the case of Ethereum. As a leading computer hardware manufacturer, Nvidia has the potential to contribute significantly to this decentralized future. Indeed, Nvidia's mixed relationship with cryptocurrencies highlights the need for tech giants to adapt and embrace the changes driven by blockchain and DLT. Roughly two years ago, its competitors such as AMD have also begun their own initiatives into the crypto space. While their GPUs were in high demand for mining cryptocurrencies, the firm has also faced challenges, such as the enforced hashrate limitations and regulatory prompts and warnings for not disclosing the impact of crypto mining on their gaming GPUs. Crypto's Social Impact Technology pushes the boundaries of what's possible in the human imagination. It's a bit disheartening to hear of technologists such as Kagan offer a negative prospect about crypto and blockchain, which may be considered as one of the greatest innovations in recent history. While it's true that there have been challenges and inconsistencies in the crypto industry which have led to global market instability, the core technology and the ideals of freedom and financial inclusion it represents is what's important, not the individual aberrations or the prices driving people unto irrational heights. Cryptocurrencies and blockchain technology have garnered significant attention in recent years, not only for their potential to disrupt traditional financial systems but also for their wide-ranging social implications. The crypto industry is rapidly reshaping the legacy ecosystems that we've all been mired in: from banking to finance, crypto is changing the paradigm, opening its use to unbanked and underbanked demographics. With a borderless and decentralized financial ecosystem, crypto enables people without access to (or even those who prefer not to) traditional banking services to become active participants in the global economy. This fosters individual freedom and opens opportunities, especially in developing nations. In the same way, crypto and blockchain tech have also revolutionized philanthropy and social initiatives. With the use of transparent smart contracts, crypto helps ensure funds are used effectively and reach their intended recipients. Tokenization and smart contracts can also be used to facilitate innovative funding models, such as decentralized autonomous organizations (DAOs) focused on social causes. While cryptocurrencies like Bitcoin have faced harsh criticism for their energy consumption and impact, many projects in the crypto space are actively working on more sustainable solutions. It can also be leveraged to promote environmental stewardship, such as by tracking carbon emissions, enabling peer-to-peer renewable energy trading, and ensuring sustainable land management practices. It's crucial for companies like Nvidia to recognize the potential of blockchain and DLT in shaping our shared, decentralized future. By supporting and fostering these advancements, tech giants can help usher in a new era of innovation, driving progress across industries and improving the lives of people worldwide. 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. Opinions stated herein are solely of the author's, and hence do not represent or reflect CryptoDaily's position on the matter. The author has no influential stakes in any of the digital assets and securities mentioned, and does not have any significant hold of or own any cryptocurrency or token discussed.

Copy trading has been one of the most reliable and trusted investment methods for the longest time, and there is no reason this trend should stop now that cryptocurrencies are gradually becoming mainstream. While there are many copy trading platforms out there, perhaps none can provide the sheer quality, safety, and diversity being offered by Bitget. The exchange, which has over 8 million users in over 100 countries and regions, is dedicated to assisting users in making smarter trading decisions by offering a safe, one-stop trading solution. It also encourages people to embrace cryptocurrency through partnerships with credible partners such as legendary Argentine footballer Lionel Messi, the Italian leading football team Juventus, and official eSports event organizer PGL. Bitget is currently ranked as a top 5 futures trading platform and a top 10 spot trading platform by CoinGecko. Understanding Bitget Before going any further, it is firstly important to understand what Bitget actually is. Bitget is a popular crypto exchange which offers users a comprehensive and user-friendly environment through which they can easily trade digital assets. The exchange provides a wide array of innovative trading resources designed to assist users in making informed trading decisions in addition to enabling them to quickly and efficiently execute their trades. Due to its sleek and easy-to-use interface as well as its dependable security measures and affordable fees, Bitget has become the preferred choice for many novice and skilled crypto traders worldwide. Furthermore, the platform supports more than 20 languages like English, Turkish, Traditional Chinese, and Vietnamese, and is accessible through all devices on desktop, iOS, and Android, making it convenient and readily available to users worldwide. Bitget&rsquo;s copy trading capabilities Not only is Bitget the world's biggest cryptocurrency exchange for copy trading, but the team has recently expanded their copy trading feature to the Spot market. Moreover, as Bitget is the first centralized exchange to provide copy trading in the cryptocurrency market, traders would hence find it easy to make trades as they receive a convenient and smooth user experience. Secondly, Bitget's Copy Trading provides a new way to increase profitability while simultaneously prioritizing both flexibility and transparency. By 'copying' the trading activities of more experienced traders, rookies can make decent profits just like their superiors while the veterans can keep generating passive income and also keep growing their own influence in the crypto industry. Since its inception, Bitget's copy trading feature has brought in over 80,000 skilled traders to share their strategies and over 380,000 followers to copy. As of January 2023, there have been over 47 million profitable trades via Bitget copy trading, with profits from profitable trades totaling $300 million and profits shared by elite traders totaling USD 20 million. Additionally, Bitget launched the Bitget Insights platform in October 2022, allowing users to share their trading experience and market analysis. This newsfeed community, where verified users can share their financial analyses and opinions with their followers, assists them in making more informed financial decisions. More than 500 trading experts shared their crypto market insights on the platform in January 2023, with nearly 10,000 posts generated. What cryptocurrencies does Bitget have? Bitget offers a spot exchange function for most popular cryptocurrencies, allowing you to trade one coin for another. Recently, the platform supports USDT, USDC, BTC, ETH, BGB (the exchange's native token), and 450+ cryptocurrencies and 580+ trading pairs. Also, Bitget is the first major derivatives trading platform to launch the USDT-margined futures product in May 2019. In comparison to Coin-margined futures, USDT-margined futures are more user-friendly for newcomers to futures trading because they do not require investors to hold corresponding coins before going long or short. Bitget is also the first cryptocurrency exchange to partner with Circle to launch USDC-margined futures in July 2021. In addition, with 130 trading pairs, Bitget now supports USDT-margined futures, USDC-margined futures, and Coin-margined futures. But that&rsquo;s not all, as Bitget is a top 5 derivatives trading platform, it has seen massive growth regarding trading volume and market share since the FTX collapse. Bitget's total transaction volume increased by more than 300% in 2022. In terms of 24hr Open Interest (OI), the top 10 derivatives exchanges' OI dropped approximately 40% from its high point in December 2022, while Bitget is the only exchange that increased OI, from about $800 million to $3.74 billion. As if that weren't enough, Bitget is now a top 5 derivatives trading platform in terms of volume and OI, according to CoinMarketCap and CoinGecko. What about deposits? Bitget has added new deposit channels for users who want to deposit in fiat currencies. Customers will find it easier to deposit fiat and begin trading cryptocurrencies with the new deposit rails, which have no fees. Bitget also intends to maintain its dominant market position by incorporating zero-fee deposits and enabling spot trading for specific fiat currencies. Finally, the exchange pledges to provide a safe and stable link between digital and traditional finance, as well as to improve overall user experience as well as market accessibility in order to promote broader mainstream adoption. Bitget additionally offers a wide range of trading options and services with a fair and open fee structure. Bitget's trading fee incentives include lower transaction fees for Spot trading and absolutely no fees for crypto deposits as previously alluded to. Using a credit or debit card, Apple Pay, or Google Pay are all viable options for payment. Bitget also offers a P2P cryptocurrency marketplace alongside other payment options like Wise, Skrill, Neteller, Cashapp, Adv Cash, direct bank transfer, among others. The exchange has recently launched new Fiat on-ramps. These new on-ramps include SEPA and FPS channels, which are designed to provide users with greater convenience when it comes to depositing funds and facilitating trades. Should you use Bitget then? This review is just one of many that you are bound to read online, but what makes Bitget stand out above its competition is the aforementioned services centered around copy trading, futures, spot trading, and more while ensuring that the traders are kept safe at all times. Bitget also outperforms the competition in terms of security, thanks in no small part to its $300 million protection fund as well as the Merkle Tree Proof of Reserves. Put bluntly, Bitget is a secure and regulated crypto exchange that offers cutting-edge financial services and is doing everything in its power to promote broader crypto adoption as is made evident by the aforementioned partnership with Messi. 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.

Gambulls, the online full licensed Web3 casino platform, is set to introduce its highly-anticipated NFT collection, Gambulls NFT Collection, on March 31st, 2023. This unique NFT collection will be available on Magic Eden, the cross-chain NFT marketplace, and the Gambulls collection will feature 6,673 different Bulls, with only seven of them being Legendaries, all based on the Polygon network. Have you secured your wishlist spot yet to get your hands on one of these exclusive NFTs? If not, you must secure a spot on Gambulls' rapidly filling whitelist on their Discord channel. Additionally, Gambulls regularly offers giveaways and updates on the minting process on their Twitter and Discord channels, both of which have seen tremendous growth leading up to the release date. The release of the NFTs aims to build a more extensive ecosystem for Gambulls and offer exclusive rewards and utilities for its users. Those rewards and utilities will be accessible through Gambulls&rsquo; sports betting arm (rakebacks, bonuses, promotions), better wagering limits (increasing the current $50 limit on spins and bonus buys), and the Turnkey process (empowering the community and their role in the decision-making aspect). Gambulls NFT owners can win weekly cash prizes in online gaming, access the engage-to-earn program, rakeback bonuses, and promotions for the Sports Betting feature that will soon be launched on the platform. The 3D Gambulls NFT collection has a limited number of 6,673 minted NFTs, including 7 Legendaries, each with varying rarities assigned to them. The value of these NFTs can be determined by how likely they are to possess certain traits, making them more collectible and desirable. Furthermore, the minted 3D Gambulls offer additional rakeback on Sports Book bets. In addition, they provide access to the upcoming engage-to-earn program that spans the entire Gambulls platform. A preview of the 2D Gambulls collection was recently shared with the community. Everyone who mints a 3D Gambulls NFT will receive a 2D Gambulls as a bonus. The 2D collection&rsquo;s artwork is very different from the 3D collection and will provide future utility to holders. The Gambulls NFT collection is a part of Gambulls' larger roadmap to create a Metaverse ecosystem that will revolutionize the online gaming experience. By utilizing NFTs, Gambulls will continually raise capital to develop its ecosystem and reinvest these funds into the community and holders by offering them incentives. The Gambulls NFT Marketplace will be developed in the future, employing three major blockchains - Ethereum, Polygon, and Solana. This marketplace will allow users to seamlessly switch between networks, explore a wide range of NFTs, and make purchases with their preferred cryptocurrencies that are network-compatible.| To achieve its vision, Gambulls intends to continually build strong relationships with its community through trust, transparency, and community support. With your MATIC tokens, grab your exclusive Gambulls NFTs and join the Gambulls Metaverse. To stay updated with the Gambulls NFT collection and other projects, join any of their channels, including Discord, Gambulls NFT page, Twitter, or Instagram. Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

The association has received sponsorship from crypto investment firm Geometry Research and StarkWare Industries – the software company behind StarkNet, a layer 2 Ethereum zero-knowledge rollup scaling solution.