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Cryptocurrencies/Coins/FairGame (FAIR)
FairGame price, market cap on Coin360 heatmap

FairGame(FAIR)

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$0.00095
(0.16%)
0.00000005 BTC
Market Cap (Rank#1168)
$912,062
47.1144 BTC
Vol 24h
$105,695
5.459872 BTC
Circulating Supply
960,000,000
Max Supply
1,200,000,000
9h agocryptodaily
Dusk Network prepares for upcoming EU crypto regulation (MiCA)
Extremely comprehensive legislative changes for the crypto sector are close to being implemented. Dusk Network is preparing for them, and in a series of articles on the subject, seeks to help the broader crypto community to understand its obligations in what can potentially be a difficult and complex transition into a new regulatory environment. Dusk Network is a tip-of-the-spear project building a privacy-focused layer-1 blockchain from the ground up. At the same time as making ground-breaking advances in zero-knowledge technology, Dusk Network provides fully compliant smart contracts for businesses that need their privacy to be preserved. Since early July of this year, Ryan King of Dusk Network has written and published a series of 5 articles aimed at breaking down the EU MiCA (Markets in Crypto Assets) regulation, which will have far-reaching implications for all crypto projects that wish to operate in the EU. Key Terminology The first article looks at how MiCA defines the various types of crypto assets, which can be confusing as they differ from what most in the industry understand them as. There is no legal meaning to the word ‘stablecoin’ in the classifications, and this has been split into two categories: EMT (Electronic Money Token), and ART (Asset-Referenced Token). Neither algorithmically-backed tokens, nor security tokens, nor NFTs have been included in the classifications. Who cares about MiCA? In the second article Dusk Network looks at the various stakeholders as regards the MiCA regulation. The European Union The MiCA regulation takes into account the potential that stablecoins may have for inflationary effects on currency. Therefore MiCA includes strict clauses that oblige stablecoin issuers to ringfence their assets and have them frequently audited. The article covers how there is potential for various scams and abuses in the crypto sector, and that when these take place investors look to their governments for protection and assistance, giving the EU the chance to step in and take enforcement actions under the incoming MiCA regulations. It looks as if the EU is seeking to build a regulated and transparent ecosystem of crypto assets where companies can set up with the full knowledge that guidelines are clear across the whole 27 countries that make up the union. The finance industry The clear guidelines to be put in place with MiCA aim to allow TradFi and DeFi to co-mingle without any barriers, and in full compliance. Dusk Network A stated aim of Dusk Network is to give everyone full control over all their digital assets, so it recognises that MiCA can be a step in the right direction. By building compliance in at the foundational level users will have the confidence that Dusk Network services can be accessed without having to worry if they meet regulations. With this in mind, Dusk Network will continue to observe MiCA and any other EU regulations with close attention. What MiCA means for you The third article in the series looks at the requirements for new crypto projects. The MiCA regulations are not retroactive and so will only apply to projects that are launched once the regulations are in place at some point in 2023. The MiCA regulations want to make a project’s whitepaper a legally binding document. All relevant information needs to be in a whitepaper and any promises made within it are binding and have to be carried out or consequences will result. There will also be rules for CASPs (Crypto Asset Service Providers) in that they must register a legal entity in any one of the 27 EU member states. They must show that they have enough funds in order to carry out planned operations; and they must demonstrate evidence of proper compliance. Stablecoins are redefined Although MiCA makes frequent reference to stablecoins, it does not legally define the word. Instead, two types of stablecoins are categorised, which are Electronic Money Tokens (EMTs) and Asset-referenced Tokens (ARTs). The rules recognise that EMTs are a one-for-one equivalence, with one electronic euro having the same value as a physical euro. They must also be backed by only one fiat currency. By contrast, an Asset-Referenced Token is denominated in a single currency, but is backed by any combination of two or more fiat currencies, one or more cryptocurrencies, and/or one or more other assets. Right of redemption Within the MiCA regulations but stemming from the 2014 EU Consumer Rights Directive, is the right of redemption after sale, within a 2-week cooling off period. This gives the right to a full refund without any valid reason, as long as funds are returned in their original form. This law will apply equally to both EMTs, ARTs, and any crypto assets. The issue for a project wishing to raise funds for its launch is that potentially a significant amount of its coins could be returned within two weeks of the token sale. This could mean that stablecoin issuances might only be attractive to large institutions that already have a lot of capital and who don’t need to raise funds in order to build. Will the MiCA rules on stablecoins be too restrictive? The EU appears to be concerned that stablecoins could threaten its control of the money supply, but it seems to be trying to balance this with the desire not to totally suppress the undoubted beneficial innovations that come with stablecoins. Also, with the rule that interest cannot be paid to consumers on their stablecoin holdings, this takes away one of their utilities and could eventually lead to them putting their money into the bank instead, which is of course exactly what governments are after. And finally, there is to be a $200 million euro cap on daily stablecoin transactions. At first glance this might seem a high limit, but in practice it isn’t. Many of the stablecoins operating today exceed this amount many times over. The good, the bad, the ugly, and the unknown The good It does appear that the EU is genuinely trying to strike a balance between providing a clearly regulated environment for crypto assets while at the same time attempting to still allow for innovation to happen. Regulatory clarity would hopefully attract those risk-averse sectors such as finance to come and set up in the EU, therefore, helping the European economy to compete with the United States and Asia as a place in which to do business based on DLT and other innovative technologies. The bad Regulatory compliance is a good thing, but it may be seen that the cost involved here could be prohibitive. Just the legal costs of writing a whitepaper could be great. Lawyers would have to comb through every word given that it would need to be a legally binding document. Also, while not just involving huge costs for a project, it also greatly increases the chances that it might be taken to court, with the ensuing costs of litigation to be added to the bill, and possible fines or worse to be faced. With the 2-week redemption period there is the possibility that potential attacks on social media attempting to put would-be investors off, will mean that no project can consider its fund raise safe until the 2-week period has ended. MiCA provides a loophole for the 2-week redemption period if a company is able to get its token listed on an exchange. However, this can have the effect of giving a lot more power back to the exchanges, which might do creative deals with projects that will allow them to list quickly. The ugly Two odd exemptions from the MiCA specified categories are those of Bitcoin and Ethereum. Although they are covered by MiCA, they don’t fit into the EMT, ART, or utility categories, so they would likely have to fit into the catch-all ‘cryptocurrencies’ category. The problem arises that bitcoin has no ‘issuer’, so a whitepaper can’t be written by it. However, the 30 June agreement gets around this by obliging the exchanges that list it to write the whitepaper themselves. After writing the whitepaper they would then have to go through the same process for any project wishing to be accepted, and they would also assume the same liability and risks for everything written in the whitepaper, even though they did not create the crypto asset itself. According to the Dusk Network view, a ‘grandfather’ rule might be expected to be applied, whereby a whitepaper wouldn’t be required of existing exchanges, but would be needed by any new exchanges, and also existing exchanges if they added these tokens after the rules came into effect. Finally, an oversight by MiCA means that as the regulations come into effect and exchanges are required to obtain licences as CASPs, the current Anti-Money Laundering Directive 5 will still be in force, which requires fiat/crypto exchanges to have a licence for each EU state in which they operate. Therefore, for the first 18 months after MiCA comes into force, crypto exchanges will need both national and EU licences which effectively doubles the amount of work for them. The unknown Even though the EU has been working on MiCA for 2 years, several key elements remain unaddressed. For example, although the rules for EMTs and ARTs are fairly well described, it does not appear that the utility token category contains enough specifics. Issuers of utility tokens will still have to follow the same burdensome rules such as writing a whitepaper, but the possibility of additional rules for this category remains for the future. On the subject of sustainability and energy usage, nothing concrete has been laid down, but this still leaves token issuers with a requirement to report their sustainability details without knowing if they will break any rules. NFTs were not covered in the final draft of MiCA, and therefore it is not known if an amendment will be added or if entirely different regulations will cover them. GDPR was also not covered in the final draft, therefore this is likely to be added as an amendment in the future. The issue regarding the publication of public addresses and the related metadata is one that Dusk Network is seeking to solve. Algorithmic stablecoins is one further area that has not been comprehensively covered by MiCA. It does state that ‘algorithmic’ stablecoins are categorically not real stablecoins since they have no assets backing them. But because of this, it would appear that they would fit into the ‘cryptocurrencies’ category and would require a whitepaper, but not a licence. They would also be able to be handled by CASPs and listed on exchanges. This would mean that an entire sub-category of stablecoins would not be under the same restrictions as other stablecoins which would seem to be very unreasonable and a source of frustration for projects working in this arena. Final thoughts MiCA looks to be quite restrictive and limiting for issuers and providers, adding to their work burdens and also to their risks of operating, which is likely to impact on the decentralised and revolutionary potential of the technology. However, it could add the much needed regulatory clarity that will hopefully give the confidence to both innovators and consumers to enter and remain in the European crypto assets space. If successful, other jurisdictions around the world could copy parts of the MiCA regulations, and therefore it could have an impact that goes far beyond European borders. 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.
2 days agocryptodaily
US military assesses crypto threat to national security
The US military’s innovation office has hired a crypto intelligence firm to assess the illicit uses of crypto assets. Crypto intelligence firm Inca Digital has received a contract from the Defence Advanced Research Projects Agency (DARPA) to conduct a year-long research into the inner workings of the cryptocurrency market. The research will be used to crack down on illicit uses of crypto assets according to an article in the Washington Post. Mark Flood, a program manager for DARPA said in an interview for the article that the program “involves mapping out the cryptocurrency universe in some detail.” The article talks about federal agencies ramping up efforts to deal with “rogue regimes”, “terrorists”, and others. It cites the Justice Department as hiring 150 prosecutors to deal with the expected crypto prosecutions and enforcements, and it labels the cryptocurrency sector as a “shadow financial system” that is a fruitful venue for “sophisticated criminals”. Flood, who is a former Treasury official also made the following statement: "We just need to acknowledge that the financial sector may be a component of modern warfare going forward, and anything we can do to reinforce and protect the U.S. financial sector and our allies' financial sectors is beneficial," Opinion Using the mainstream media to trumpet that a military agency will put so much effort into trying to squash the life out of the small libertarian private digital assets sector that is crypto, is par for the course. To spend what is probably tax-payer’s money on a venture to try to map out every nook and cranny in the sector, when it is coming out with incredible innovations that are changing the face of finance with increasing rapidity, appears to be just an effort to throw as many spanners in the works as possible in order to slow it down to match the snail’s pace of traditional finance. In comparison with traditional finance, crypto is a tiny market currently worth less than $1 trillion in value. The dollar will have seen exponentially more scams and manipulations than the crypto market will ever see. Add this to the impending collapse of financial markets as fiat currencies are being debased out of existence and inflation ravages the poor and middle classes, then you have a failing monetary system that is throwing everything it has at fair and sound cryptocurrencies such as bitcoin. That the military should enter the fray to try and snuff out the people’s money before it even gets properly started is a sign of the desperation that the system must feel. 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.
3 days agocryptodaily
IRS Issues Summons on Users Who Don’t Pay Taxes on Crypto
The U.S. Internal Revenue Service (IRS) has been granted the authority to issue a “John Doe” summons to New York-based M.Y. Safra Bank. The summons forces the bank to hand over information about its customers who have failed to declare and pay taxes on cryptocurrency transactions conducted over crypto exchange SFOX. On Thursday it was announced by U.S. Attorney Damian Williams, Deputy Assistant Attorney General David Hubbert, and IRA Commissioner Charles Rettig that U.S. Judge Paul Gardephe authorized the IRS to issue John Doe summons on New York-based M.Y. Safra Bank. This is a term used when the IRS investigates unknown taxpayers. The summons orders the bank to submit information regarding customers that may have failed to report and pay taxes on their cryptocurrency transactions. To support the summons, the IRS is claiming that holders of cryptocurrencies often fail to report their tax returns on any profit made from crypto. The IRS is looking specifically at users of the prime dealer SFOX. Williams said in a statement: Taxpayers who transact with cryptocurrency should understand that income and gains from cryptocurrency transactions are taxable. Adding that information sought by the summons “will help to ensure that cryptocurrency owners are following tax laws.” Since 2015, SFOX’s 175,000 registered users have collectively completed over $12 billion in crypto transactions. The firm connects crypto exchanges, over-the-counter virtual currency brokers, and liquidity providers. IRS Commissioner Charles Rettig said: The government’s ability to obtain third-party information on those failing to report their gains from digital assets remains a critical tool in catching tax cheats. He added that authorisation of the summons “reinforces our ongoing, significant efforts to ensure that everyone pays their fair share.” He added: Taxpayers earning income from digital asset transactions need to come into compliance with their filing and reporting responsibilities. 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.
3 days agocryptodaily
Best Crypto Wallet for the UK
Best Crypto Wallet for the UK. Top picks for 2022-2023 Table of content 1. What does the best cryptocurrency wallet mean? 2. Custodial Crypto Wallets vs. Non Custodial Crypto Wallets 3. Crypto Wallet Apps vs. Hardware Crypto Wallet 4. Best wallet to manage crypto 4.1 What is must-have crypto for wallet? 5. Best wallet to buy crypto for UK citizens 5.1. Legal way to buy crypto with a card or bank transfer for UK citizens 5.2. Wallet with lowest fees 6. Best wallet to exchange crypto 7. Best wallet for DeFi 8. Best wallet for NFT 9. Conclusion. Best crypto wallet picks for UK citizens 1. What does the best cryptocurrency wallet mean? Always important to have a solid wallet! The best and tested way to protect your crypto investment is using the right and safe wallet. Crypto wallets have evolved to be a significant platform for buying, trading, and selling cryptos across the world. Since there are no robust federally mandated predictions when it comes to cryptos, added security is highly pivotal when the value of your asset becomes more significant. The crypto market is always prone to threats and attacks. Therefore picking the most safest and reliable platform is of utmost importance. Crypto wallets offer a wide range of tools and features to make the process of trading online seamless, efficient, and practical. Crypto wallets are designed in various forms, ranging from hardware wallets to mobile apps or software wallets. It completely depends upon your investment strategy, whether to consider a hot, cold or even a wallet offered by your go-to exchange. The best crypto wallet is one that offers high security, low fees, easy accessibility, and is more attractive to customers with state-of-the-art features. 2. Custodial Crypto Wallets vs. Non-custodial Crypto Wallets Custodial wallets or non-custodial crypto wallets The first and foremost thing to decide while building a crypto wallet is to choose a specific wallet that suits your investment journey. There are multiple variants of crypto wallets to choose from. The two main varieties can be broken out as custodial or non-custodial crypto wallets. A custodial wallet is responsible for safeguarding a user’s funds and holds on to the private key. These wallets are always web-based and often provided by centralized crypto exchanges. It also gives users assurance that a lost or forgotten password does not mean that they lose access to your funds. Providers or exchanges can easily reset your password by accepting a few security questions. While non-custodial wallets offer crypto users complete control over their private key and their funds. Experienced crypto users often choose these wallets since they are a bit more technically complex than custodial wallets. Users enjoy the freedom of being their own bankers, but this freedom comes with some responsibilities. The first factor to consider while comparing custodial and non-custodial wallets is who holds the private key. As mentioned, in custodial wallets the third party manages the private key. In custodial online crypto wallets, all the sensitive user data is stored in hot and cold storage. While the blockchain custodian services reside with users in the non-custodial wallets. Unless the user shares the details with someone or the device gets stolen, it reduces the risk of data being stolen or hacked. Logging in to your custodial wallet and making a request to the centralized authority is a must when it comes to accessing funds and corresponding details in a custodial wallet. But for non-custodial wallets, there is no such requirement and users enjoy full blockchain development services in real-time. Custodial wallets are often preferred by newcomers or beginners who value the set-and-forget nature of managing their crypto via an exchange or other centralized wallet provider. While non-custodial wallets are for those users who want to exercise more control over who has access to their funds. 3. Crypto Wallet Apps vs. Hardware Crypto Wallet Which wallet do you choose? Another type of crypto wallets are hardware wallets and crypto wallets apps or software wallets. Hardware crypto wallets or cold wallets do not require online servers as the assets could be stored in the wallets, which are physical assets. The hardware wallets employ an advanced software program allowing users to keep their assets safe offline. It only permits access through a private key once the device is connected to the main computer system or device. It generates a set of private keys which the users are supposed to keep safely offline. The wallet is secured by a PIN and to ensure security, the device erases everything after several failed access attempts to prevent any physical theft. While on the other hand, Software wallets or crypto wallet apps are downloaded as applications over phones and various other devices connected to the Internet. Only a user can access it through their private keys. It maintains all your data and transactions on a mobile device. Software wallets are relatively cheaper than hardware wallets and in some cases even free. But crypto wallet apps are at times susceptible to online hackers as these are remotely connected to the internet. 4. Best wallet to manage crypto Legder has a brilliant hardware wallet Choosing the best crypto wallet is not merely about selecting the best of everything. The wallet should suit a user's investment requirement and strategy. There are numerous crypto wallets available for UK citizens that offer various features. For instance, if a user is looking for a hardware wallet, one of the best-known and feature-rich wallets available on the market is Ledger Nano X. It offers robust security features and supports an array of cryptos and connection to desktop and mobile interfaces. If a software wallet is your choice, then Binance offers one of the safest and most reliable platforms to store all your digital assets under a single umbrella, the Trust Wallet. It is also known for its high-interest rates for staking crypto. The platform also boasts a significant number of tradable coins plus low fees. 4.1. What is must-have crypto for a wallet?Adding cryptocurrencies to your investment portfolio is completely a personal decision as it depends on one’s strategy, motive, and financial capabilities. However, Bitcoin has always been a popular choice for investors across the globe. One of the safest methods for holding BTC is Cold storage since these wallets are not accessible through the Internet. 5. Best wallet to buy crypto for UK citizens eToro has a great wallet for UK citizens One of the best wallets to buy cryptos for UK citizens is eToro. It is a multi-asset trading platform that offers investing in stocks, crypto assets, and trading CFDs.both It is one of the safest, most low-cost platforms and offers a simple way to invest in. From opening an eToro account to placing the first order, the entire process is completely user-friendly and would not take more than five minutes to complete. eToro is backed by the leading brokerage firm that is authorized and regulated by the FCA (Financial Conduct Authority). The wallet is also licensed by the Gibraltar Financial Services Commission (GFSC), ensuring that users can buy cryptos in the UK in a safe, secure, and regulated environment. The crypto wallet also offers a professionally-managed Smart Portfolio, giving users access to a diversified basket of digital assets. eToro offers over 120 cryptocurrency options, including popular coins like Bitcoin, Ethereum, Tether, XRP, Binance Coin (BNB), and Solana. It is one of the best crypto wallets for the UK as the platform offers an eToro Money app for UK customers. The application allows them to convert GBP to USD free of charge, significantly reducing the foreign exchange costs. 5.1. Legal way to buy crypto with a card or bank transfer for UK citizensBuying cryptos like BTC in the UK is a seamless process as numerous cryptocurrency exchanges now accept all the convenient payment methods like debit/credit cards and bank transfers. But factors like safety, fees, user-friendliness, payments, minimum deposit requirements, and many more factors should be considered while choosing to buy crypto in the UK. However, the best way to buy cryptocurrency in the UK is with a credit or debit card. Depending on the broker, the transactions will be processed instantly and users only need to cover a small minimum deposit. 5.2. Wallet with lowest feesOne of the best crypto wallets with the lowest fees for UK customers is OKx. With taker fees of 0.1% and maker fees of just 0.08%, OKx offers one of the top cheapest crypto wallets for users. Along with lower fees, the platform also offers a wide choice of over 140 crypto assets and 300 trading pairs. Apart from the range of assets, users can earn interest on their crypto balances and take out loans if needed using their assets as collateral. 6. Best wallet to exchange crypto Binance has a reliable exchange wlalet One of the best wallets to exchange crypto in the UK is Binance. It is one of the world’s most popular exchanges, standing apart from its competitors in the market in terms of trading volume, and registered account users. The platform is now used by over 100 million people globally. Binance’s Trust wallet offers one of the safest ways to store all your digital assets in a single and unified place. With the help of a convenient mobile app, users can store almost every digital asset in the Trust wallet. In addition to a reliable wallet, Binance also has several other crypto-related services, allowing users to buy crypto using deposits, cards, and P2P trading. Binance also offers alluring interest rates for staking crypto. Binance is also one of the safest crypto wallets, offering clients with around-the-clock customer support. 7. Best wallet for DeFi Cypto.com wallet is good for DeFi Crypto.com is one of the most popular and well-known crypto wallets for DeFi. The platform’s DeFi Wallet is the best crypto wallet to store, earn and grow your crypto asset. It is accessible to all UK customers and offers a tailored non-custodial DeFi wallet boasting top-notch features. The DeFi wallet can also be synced to the centralized Crypto.com app to facilitate seamless transactions between accounts. Crypto.com also offers in-app staking and connection to Web3-enabled sites. DeFi wallet users can connect to dApps, DEXs, marketplaces, and lending platforms without even leaving the app. 8. Best wallet for NFT ZenGo has a superb NFT wallet The lack of private key management has led to the loss of millions of dollars of NFTs. With no private key to steal or lose, ZenGo addresses a major issue of vulnerability leading to NFT theft. ZenGo is the first Web3 wallet and one of the best for buying and selling non-fungible tokens (NFTs). ZenGo has no private key vulnerability and is protected by encrypted biometrics. ZenGo is also the first crypto wallet to offer these advanced security features as a crypto wallet. ZenGo’s versatile multi-asset and multi-chain Web3 wallet boast an array of features ranging from support for connecting dApps to storing NFTs. 9. Conclusion. Best crypto wallet picks for UK citizens Which wallet are you getting? Crypto wallets have become an indispensable factor for anyone dealing with digital assets. There are over hundreds of crypto exchanges available in the UK. Some of them have been around for almost a decade and more, while some others are fairly new. The most significant thing to look for when choosing the best crypto wallet for the UK is top-notch security tools and features, the convenience of sending and receiving funds, exchange and investment features, user-friendliness, etc. However, one of the best crypto wallets in the UK for 2022 is offered by eToro, as it supports a number of cryptocurrencies and blockchain networks, and even offers brokerage and exchange services. 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.
3 days agocryptodaily
Top 5 Helpful Tips To Help You Choose A Safe Crypto Casino
Cryptocurrency casinos have become more commonplace on the internet in recent years. There are dozens of providers to choose from, although there are a few easy steps to distinguish between the different casinos. CoinGambling.info aims to help players find their crypto casino match. Security Is Paramount For A Crypto Casino Although one could list a dozen or more criteria to figure out the best crypto casino, security should always be at the top of the list. Regardless of how many casino providers there are, it is often not worth one's while if they compromise security. Protecting customer data and crypto assets is paramount and should never be trumped by convenience, promotions, or other flashy features. The tips below will ensure you can find the right crypto casino and play with peace of mind. Crypto Casino License Despite the growing crypto casino landscape, not all providers operate legitimately. More specifically, various jurisdictions require casino operators to hold a particular license. In areas without a license, they will often have a regulatory framework to adhere to. Therefore, any crypto casino brand needs to work hard to comply with regulations or acquire that license. Without those measures, casinos can conduct nefarious actions, and players would have no legal recourse. Only work with crypto casinos that have a license - or are regulatory compliant - in your region. Disregarding that aspect could result in the casino blocking your account from cashing out big winnings or suspending it because you somehow violated their terms of service. It is never worth the risk of having one's earnings withheld for bogus reasons, especially if there isn't anything the player can do about it. Selection Of Games A Crypto casino will stand out because of the selection of games players can engage with. Having more titles at one's disposal leads to gaining more brand awareness among casino enthusiasts. Players looking for specific games or titles will flock to the crypto casino providing access to them. However, ensure the casino operator works with reputable game providers. In addition, keep an eye on the slot RTP settings. It is not uncommon for shadier casinos to lower the RTP and ensure players have a lower chance of winning. You can easily counter this by only dealing with provably fair crypto casinos to verify the wager's outcome and verify if there is a hidden house edge. Most crypto casinos have a provably fair mindset. Bonuses and Promotions Judging a crypto casino by its bonuses and promotions may seem straightforward. However, it is equally crucial to analyze the requirements for these rewards. A lucrative bonus or promotion may not always be as easy to obtain as one may like. Figuring out the hidden twists and turns in the conditions can help distinguish between a legitimate casino and one that is best avoided. It is in users' best interest to avoid predatory terms, like unrealistic wager requirements, time limits, or low maximum bets. Finding the platforms with zero-wagering requirements, bonuses and other rewards will yield a far more appealing user experience. Keep in mind bonuses may apply to various or specific casino games. Deposits & Withdrawals Interfacing with a crypto casino means sending and receiving cryptocurrency transactions. Most platforms support a multitude of crypto assets, although they may sometimes convert that funds into a "standard" balance like EUR or BTC. I that is the case, players need to ensure the conversion rates are accurate and transparent. If not, no one can verify whether deposits and withdrawals are performed accurately. Some platforms may restrict withdrawals to a certain amount per week or month, which is never a good sign. That makes it nigh impossible to cash out big winnings for no reason. In addition, the speed at which withdrawals are executed needs to be as low as possible. Malicious platforms will delay these transactions at every turn. We have a top list of crypto casinos that do not have withdrawal limits and process transfers instantly. Reputation A crypto casino's reputation takes years to build but only a few moments to destroy. Figuring out a platform's reputation is not too hard, thanks to various media portals, review websites, affiliate portals, and Trustpilot. As new bitcoin casinos pop up left, right, and center, analyzing their reputation is an essential step before sending them your money. Having a casino with negative feedback is relatively standard, although the number of negative feedback posts should always be minimal. Reputable brands will often help users with their issues to resolve these matters. Unfortunately, others will ignore these complaints, indicating they operate with a less-than-honest mindset. Some Smaller Tips Before you start your crypto casino journey, figure out the maximum bet for slots and table games. Every casino has different thresholds and values can range from $50 to $10,000 or more. In addition, anonymity while playing at an online casino is hard to come by. Cryptocurrencies provide a layer of pseudonymity, and casinos only working with crypto assets introduce a bit of privacy. Some casinos won't verify user identities to provide an extra layer of anonymity. However, due to more strict regulations, that has become an outlier rather than the norm. Closing Thoughts There is much excitement surrounding crypto casinos, as they present many appealing opportunities. However, no one should go in blind, and we urge users to conduct the homework through the checklist above. A quick analysis of the gaming platform will often reveal whether it is worth playing there or not. 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.
3 days agocryptodaily
New CEO of Kraken says no plans to register with SEC
The incoming CEO for cryptocurrency exchange Kraken, Dave Ripley, said on Thursday that his exchange had no plans to register with the SEC as a market intermediary. With Jesse Powell, the long-time CEO of Kraken stepping down, Dave Ripley, the new CEO, is immediately laying down markers to show that he will continue in Powell’s footsteps and will not bow down to any potential overreach from the Securities and Exchange Commission (SEC). Ripley takes over from Powell as the crypto industry is facing an extremely difficult time. Not only has the market crashed as the Fed continues to hike interest rates, but regulatory legislation could stifle and suppress this industry along with the many innovations that it is producing. Ex CEO Jesse Powell made a name for himself and his company when he refused to block the wallets of ordinary Russians after the invasion of Ukraine earlier this year. Whilst complying with an order to block blacklisted Russians, Powell refused to block everybody, saying that it was not fair to make all Russian citizens an object of sanctions. Now that Ripley has taken over the reins at Kraken, it appears that the exchange will carry on much as it did before by espousing the libertarian values followed by Powell before him, and by the cryptocurrency industry in general. It is public knowledge that the SEC is scrutinising several tokens on the Coinbase platform after identifying them as securities, but new Kraken boss Ripley has said that there were no plans to remove them from his exchange. As reported on International Business Times, Ripley also stated that he saw no reason to register with the SEC, despite calls to do so from chairman Gensler, because Kraken did not offer securities. "There are not any tokens out there that are securities that we're interested in listing," he said. "There could be some new token out there that becomes interesting and also happens to simultaneously be a security [and] in that case, we would potentially be interested in that path." 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.
4 days agocryptodaily
Telos Brings The First Crypto Hackathon To An Ivy League Campus
The ongoing industry mission is to educate the outside world on blockchain technology and its vast potential. Gaining a foothold on Ivy League campuses has been possible, although the first crypto hackathon is only now taking place. Heck Boston runs from September 23-25 and is hosted by Telos, a prominent blockchain infrastructure network. Ivy League Meets Crypto Hackathon It is rather interesting to see a crypto hackathon take place at Harvard University, one of the most renowned Ivy league campuses worldwide. One may argue there has been a keen interest in blockchain at Harvard before, primarily through its blockchain club. However, there was never a crypto hackathon on campus before. That will change with the help of Telos, MIT Bitcoin Club, and EasyA. Together, these entities will host the Hack Boston crypto hackathon at Harvard University. It will feature hundreds of students from Harvard, MIT, and other Ivy League colleges. Attendees will learn more about blockchain technology and gain hands-on experience through various workshops and mentoring sessions. Telos will play a key role in those events as it aims to establish a bright future for Web3 technology. As a sponsor, telos will help the blockchain-curious discover the purpose of Web3 and how it can lead to new ideas, products, and services. There are many exciting possibilities and implications that can affect the lives of millions or billions of people. Tezos is committed to building a sustainable Web3 future through financial equality and real-world initiatives. Supporting the Hack Boston crypto hackathon is the latest effort Telos plays a key role in. The team has built a strong reputation by supporting various dApps focused on financial markets, production in developing regions, supply chain management, carbon emission reduction, etc. To build a viable Web3 future, there needs to be supporting infrastructure, and Telos wants to power the decentralized solutions of the future. Telos Workshop & Mentoring Attendees of the Hack Boston crypto hackathon will receive access to a Telos-hosted workshop. The team is represented by Telos Foundation CEO Justin Giudici and Telos Core Developer Jesse Schulman. Together, they organize the "Get Started: Build Faster, Fairer DeFi on Telos" workshop, highlighting the network's capabilities and avantages. Contrary to other networks, Telos features ESG compliance, fast settlement, fixed gas prices, and top-tier scalability. Moreover, Justin and Jesse offer mentorship to the participating hacker teams to help unlock their full potential. Telos is committed to getting more people actively involved with its technology to build next-generation applications. Choosing the correct infrastructure to build blockchain apps is an essential first step. Telos may be the missing puzzle piece aspiring developers have been looking for. The Hack Boston crypto hackathon also features free Telos merch giveaways and other swag for attendees. In addition, two cash prizes are up for grabs for the hacker teams, combining for a $10,000 prize pool. 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
4 days agocryptodaily
ParallelChain Secures $50M Investment Ahead Of Mainnet Launch
ParallelChain inches closer to its mainnet release in Q4 2022. Thanks to $50 million in a token subscription facility from GEM Digital, the team can continue its ecosystem growth and innovative approach to censorship-resistant characteristics. ParallelChain Lab has positioned itself as an enterprise-facing blockchain-as-a-service (BaaS) provider focusing on high performance and resilience to censorship. Its native network, ParallelChain, provides a proof-of-stake Layer-1 technology stack coupling public and private blockchains. That unique approach is a crucial step to establishing a super-ecosystem of universal smart contracts bringing traditional and decentralized finance closer together. Under the hood, the ParallelChain Mainnet uses delegated proof-of-stake (DPoS) consensus through an innovative multi-class validator design. Therefore, ensuring a fair distribution of network power to validate transactions is essential. In addition, the ParallelChain Enterprise network is a permissioned solution leveraging proof-of-Immutability (PoIM) to ensure transaction secrecy. Both platforms are fully interoperable and position ParallelChain as the gateway for enterprises seeking to deploy and operate confidential blockchains while remaining committed to compliance. Since its foundation in 2018, ParallelChain has continued to build and grow. The team spans over 30 full-time on-site engineers with expertise in artificial intelligence and distributed systems. Moreover, they have worked tirelessly to achieve crucial milestones and deliver on the initial roadmap. The next major objective is the DPoS mainnet launch in Q4 2022. That launch will coincide with the XPLL token hitting multiple centralized exchanges. ParallelChain CEO Ian Huang comments: "Blockchain technology has fundamentally altered the way we exchange value and do business. Yet, the current iteration of Web3 doesn’t fully account for the potential stakeholders that can genuinely advance adoption or, for that matter, figure out how to bring Web2 services into the mix. Our unique two-pronged layer-1 approach forms a conduit between public and private blockchains. This allows developers to select the most valuable features for any given use case. We see this solution as the answer to enterprises’ privacy and compliance demands while simultaneously addressing the need for scalability across many public applications, namely DeFi. With fresh funding in play, ParallelChain will be able to support diverse stakeholders as they seek to realize their Web3 ambitions, all while benefiting from the unrivaled functionality we believe is necessary to attract mass-market embrace.¨ The $50 million injection by GEM Digital will fund ParallelChain's community development, R&D efforts, and funding decentralized projects and dApp developers building on its technology stack. GEM Digital Limited (GEM), based out of the Bahamas, is a well-respected digital asset investment firm sourcing, structuring, and investing in blockchain utility tokens found across various centralized and decentralized exchanges worldwide. The financial commitment by GEM serves as a token subscription facility. 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
4 days agocryptodaily
Orbs TWAP Protocol Tackles Liquidity and Volatility Challenges
Historically, two of the major obstacles to DeFi applications has been depth of liquidity and volatility. For instance, one large position or order can cause disproportionate price swings for the token in question. However, Orbs, a pioneering innovator in the DeFi realm and the foremost L3 protocol, has addressed this with its new Time-Weighted Average Price (TWAP) protocol. This new product will help both decentralized exchanges and Automated Market Makers by splitting large orders into smaller deal sizes, thus minimizing the impact of the deal upon the market. After the protocol has split the order into smaller orders, it executes the orders at varying intervals over a predesignated time period, thus ensuring the integrity of the price action of a cryptocurrency and ensuring a regular source of liquidity is met. TWAP inside the DeFi arena The TWAP model has been traditionally used within the CeFi setting, through the use of algorithms, however until now, the process has not been supported within the DeFi arena due to the lack of sophistication of EVM smart contracts. Orbs TWAP smart contracts are the engine behind this new protocol, and they work by enhancing the sophistication of EVM smart contracts. This new approach to deal execution will benefit the exchanges, the cryptocurrencies and indeed the traders themselves by leveling out wild price swings that ensue from larger deal sizes. Orbs TWAP protocol backend has been developed to fairly execute a series of deals at the optimum prices with the fairest fees for the user, while maintaining decentralization and security. This product will give its traders new ways to trade and a more sophisticated model for trading, such as through algorithmic strategies which are commonplace in the traditional money markets. According to the CEO of Orbs, Nadav Shemesh, “We are always looking at CeFi as a template for new protocols that can enhance our stakeholders' experience, and TWAP (Time-Weighted Average Price) was no exception. Until now, it has been extremely hard to implement a TWAP strategy in blockchain-based financial primitives in a decentralized manner using EVM-based smart contracts. With our new TWAP Protocol, everyone benefits - be they traders or trading platforms. Besides managing liquidity better, support for more sophisticated trading strategies, automated DCA orders, customizable parameters, and much more can also help us attract institutional participation in-kind.” Dollar cost averaging strategy Traders can also engage in dollar cost averaging strategies, which are becoming very popular in the crypto sphere. This is where a user buys or places a series of orders over time with a fixed dollar amount on a regular basis, regardless of the crypto price. For many, this proves to be an efficient and disciplined way of investing, while removing the stress of typical investing. Finally, Orbs has unveiled a new intuitive user interface for DEX’s and AMMs to easily implement within their platforms. 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
6 days agocryptodaily
The Aptos Blockchain Is Making Lots Of Noise, And This Is Why
Image source: Aptos With the launch of its mainnet fast approaching, the Aptos blockchain and its ecosystem is gaining real momentum. In an industry where everyone is on the lookout for the “next big thing”, that means Aptos is also attracting lots of attention from crypto enthusiasts, including investors, developers, users and “hodlers” alike. There are good reasons why Aptos is currently under the spotlight because it’s a project that promises to deliver much more than just greater scalability and faster transactions, as most other alternative Layer-1 networks promise. Fans of Aptos believe that the blockchain could ultimately even surpass chains such as Ethereum and Solana thanks to its powerful architecture and a strong development team led by Mo Shaikh and Avery Ching, which has tons of experience from working on Facebook’s Diem project in the past. At present Aptos still has a long way to go, with only its testnet up and running. There’s no token released yet, nor even a whitepaper, but that hasn’t stopped plenty of teams from looking to build upon its platform. The Power Of Aptos What we do know about Aptos is that there are compelling reasons to want to build upon it. Like its failed predecessor Diem, Aptos uses the Rust-based Move programming language to underpin its smart contracts. Move has a lot of advantages that Ethereum’s Solidity doesn’t, such as its secure management of resources and simple verification of blockchain commands. Aptos also employs an advanced, low-latency Byzantine Fault Tolerant mechanism that ensures the safety of its network even if its nodes are manipulated by attackers, providing greater safety for the projects and assets building on it. Other unique characteristics of Aptos include an ability for users to change the private keys to increase their security, and an incredibly high transaction speed that has been shown to reach 125,000 to 150,000 TPS under laboratory conditions. Furthermore, Atmos’s team has stated that upgradeability is a core focus of its efforts, and that they have made it possible to update the core network without the need for downtime, ensuring no disruption in future. Finally, there’s the promise that validators will be able to run diverse nodes at multiple levels. The Story So Far Aptos has made significant progress, most especially on the funding front. It made a lot of headlines with its first investment round back in March 2022 when it landed $200 million from big name investors including a16z, Tiger Global, Katie Haun, Multicoin Capital, Three Arrows Capital, FTX Ventures and Coinbase Ventures. That was followed just months later with an additional $150 million in Series A funding from FTX Ventures, Jump Crypto, Apollo, Griffin Gaming Partners, Franklin Templeton, Circle Ventures, Superscrypt, plus two from the initial round (a16z and Multicoin). Since then, it has secured a further, undisclosed investment via Binance Labs, the venture capital arm and accelerator of Binance. “At Binance, we’ve always believed in the power of blockchain technology to benefit the masses, just like the Internet,” said Head of Binance Labs Yi He. “However, infrastructure building remains a bottleneck within the industry. We believe that the technological competitiveness of the Aptos team could bring increased scalability to the blockchain infrastructure while also supporting novel use cases for Web3." Aptos has also announced a key partnership with Google Cloud, which is being used as a data store to make it easy for validators to get a node up and running in just 15 minutes. At the same time, Aptos has developed a reputation for hitting key milestones on its roadmap, which included the launch of its testnet on March 15. That initial launch mainly served as a testing ground to see the Move programming language in action, so it could be refined to make it more developer-friendly. Since then, Aptos has gone on to implement an incentivized testnet, enabling community members to run and use nodes and receive rewards for doing so, as part of a stress test for the network. The next major milestone for Aptos will be its public mainnet launch later this month, an event that’s hugely anticipated by the growing community. Concurrent with its ongoing development, Aptos has put an awful lot of effort into growing its community and especially its ecosystem of decentralized applications. Those efforts have really paid off, with Aptos attracting the interest of hundreds of developers from the crypto industry. One of its most recent coups was the news that Blocto, the popular smart contract wallet, has chosen Aptos as its next major blockchain to integrate with. To date, Blocto has always gone with major networks like Ethereum, Solana, Flow and Tron so its decision to align with Aptos was a major surprise. Given the incredible potential of Aptos though, it could well be an astute move by Blocto, which has ambitions to become the crypto wallet of choice for the Web3 ecosystem. In a blog post on Medium, Blocto co-founder and Chief Executive Lee Hsuan provided a lengthy explanation of what his company sees in Aptos. He elaborated on the long standing problems with Ethereum’s smart contract programming model that have yet to be resolved despite years of efforts. It’s still up for debate if Ethereum will ever be able to resolve its major issues around security, network congestion and high gas fees, but with Move, Hsuan believes that Aptos seems to have a ready-made solution. The key advantage of Move is that it handles valuable assets separately as resources, meaning they’re subject to certain restrictions. For instance, Move ensures that resources have guaranteed safety as they can never be copied or dropped. Only certain instructions can create or destroy resources, and those resources can only ever be stored in a user’s storage account. Yet resources can still be used in the same way as other native types, Hsuan explained, for instance stored as data structures and passed as arguments to functions or be returned from functions. Hsuan argues that these characteristics of Move ensure much greater security as it makes it easier to create smart contracts, with common attacks such as re-entrancy made impossible. There are performance benefits too, he said, thanks to Move’s parallel transaction capabilities, as well as greater “fairness” in terms of storage fee collection. Blocto is building full functionality for Aptos into its wallet, including support for NFTs, Web3 browsing and native staking, and will also enable users the choice of securing their assets in custodial or non-custodial mode. By providing custodial storage, Blocto can protect user’s assets with its recovery key mechanism. Blocto might be the biggest name building on Aptos but it’s by far the only one. In particular, Aptos has attracted a lot of interest from DeFi developers, with numerous decentralized exchanges in the works, such as Solrise, Pontem Network, Laminar, Econia, Empo, Hanson and Liquidswap. In addition, the likes of Vial, Njord Finance and Ultima are building lending and borrowing dApps for Aptos. Aptos’s ecosystem runs the full gamut of projects, with NFT marketplaces such Topaz currently at the devnet stage. Topaz is eagerly awaiting the launch of Aptos’s mainnet, when the APTOS token will become available and its NFT projects can finally come to life. On the infrastructure front we have plenty of other wallets on Aptos, including names like Coin98, Fewcha and Hive. Other projects include Switchboard, the first oracle building on Aptos, Aptos Name Service, which is building a domain name service for the network, and Dialect, a popular multi-chain messaging project that recently announced its intention to support Aptos. Recent Developments One reason for the surge of interest in building on Aptos is its ecosystem grant program, which was announced in June. With it, teams are encouraged to apply for non-dilutive funding to accelerate the development of their projects, so long as they fall into one of several categories. These include projects building developer tooling, such as SDKs, libraries, documentation, guides and tutorials; tools and frameworks for development, governance, DeFi etc; Core protocol contributions such as token standards and upgrades; educational initiatives; and decentralized applications in DeFi, NFTs, social networks, gaming, DAOs, bridging, payments and so on. In other words, Aptos is using its massive war chest to back just about any project that it thinks might be able to benefit its ecosystem. Indeed, that is one of the key criteria for applicants - that whatever they’re building is able to provide substantial value to its ecosystem. Other rules include an insistence that projects are open-source, and screening for development teams to ensure they’re honest and reliable. More recently, Aptos announced further strengthening of its ecosystem with a $1 million bug bounty that’s on offer to “white hat” hackers who can find vulnerabilities in its source code. By providing such a huge incentive, Aptos is showing that it’s deadly serious about providing a stable blockchain platform for smart contract developers. The bug bounty will reward anyone who can find “critical” bugs that could lead to severe network downtime, damage or loss of funds, and is open to anyone in the world except those from U.S.-sanctioned countries - namely Russia, Iran, North Korea and Myanmar. What’s Next For Aptos? Aptos has hit the ground running and it ticks a lot of boxes that would indicate it is a deadly serious project in the making. It has attracted a lot of interest from developers in key areas such as DeFi, including DEXs and lending dApps, and basic infrastructure, like oracles and wallets. One thing it lacks currently is a bridge-focused project that would provide interoperability with more established networks, which some might see as a cause for concern. That said, if Aptos lives up to its potential then someone will almost certainly look to build one soon. In any case, Aptos has not failed to attract the attention of projects from other blockchains, with the likes of Blocto, Pontem Network and Solrise all committing to building on its platform. There’s every reason to think its ecosystem will continue expanding too. Thanks to its heavy backing from investors, Aptos has plenty of cash to entice developers through its recently established grants program. Given that Aptos is reliant on Move, an unfamiliar programming language for many developers, we can expect its team to do promotional and educational work in this area, so expect some kind of hackathon announcement or the availability of new developer tools to make it easier to build on Aptos. Of course, the big development that everyone’s looking forward to is the launch of the Aptos mainnet that’s scheduled to go live later this month. This will be the most dramatic step forward Aptos has made so far and an event that’s going to be keenly watched. With the launch, Aptos will finally be able to debut its native token APTOS, which we can expect to be listed on multiple CEXs and DEXs. That will be followed by a wave of NFT projects and dApps launching on Aptos, bringing its ecosystem to life. Given all of the noise Aptos has made so far, the day its mainnet goes live promises to be a momentous occasion for the crypto industry. Users will be able to enjoy their first hands-on experience with a revolutionary programming foundation that promises to transform blockchain security and scalability. If everything goes as planned, we can expect to see a lot more headlines about Aptos in the months to come. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
11 days agozycrypto
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About FairGame

The live price of FairGame (FAIR) today is 0.00095 USD, and with the current circulating supply of FairGame at 960,000,000 FAIR, its market capitalization stands at 912,062 USD. In the last 24 hours FAIR price has moved 0.000007 USD or 0.01% while 111,667 USD worth of FAIR has been traded on various exchanges. The current valuation of FAIR puts it at #1168 in cryptocurrency rankings based on market capitalization.

Learn more about the FairGame blockchain network and how it works or follow the price of its native cryptocurrency FAIR and the broader market with our unique COIN360 cryptocurrency heatmap.

FairGame Price0.00095 USD
Market Rank#1168
Market Cap912,062 USD
24h Volume105,695 USD
Circulating Supply960,000,000 FAIR
Max Supply1,200,000,000 FAIR
Yesterday's Market Cap911,867.70 USD
Yesterday's Open / Close0.000943 USD / 0.00095 USD
Yesterday's High / Low0.000951 USD / 0.000923 USD
Yesterday's Change
0.01% ( 0.000007 USD )
Yesterday's Volume111,666.51 USD
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