FairGame(FAIR)

The crypto market continues to experience its fair share of ups and downs. However, two tokens, Chainlink and Stellar are putting up a fight against the bears. Meanwhile, Tradecurve Markets has introduced a next-gen TradFi platform predicted to replace traditional exchanges. Summary: Chainlink’s price is currently $7.12. Stellar launched a new website in hopes of […]

Cohen, a mathematician and biologist, verified Celsius Network's fair value as creditors approved $2B Bitcoin and Ethereum return.

Playing casino games is a go-to way of spending your leisure time. Whether you seek an adrenaline boost or simply want to relax, the world of iGaming has a lot to offer. However, an intention to just chill sometimes results in surprisingly big wins.

The tool will monitor crypto wallets and alert the Indian Ministry of Home Affairs about irregular transactions, according to a report.

GoMining has been a central figure in the bitcoin mining space since their inception in 2016, and they have seen their fair share of bull and bear markets.

Senator Elizabeth Warren's cryptocurrency bill has garnered the support of nine U.S. senators. This endorsement includes backing from influential figures, notably the chair of the Homeland Security and Governmental Affairs Committee and the chair of the Senate Judiciary Committee.

Ether is trading at a 27% discount to its fair value, according to research firm RXR's blended Metcalfe law-centric valuation model, which incorporates active user adoption of layer 2 scaling networks.

Prosecutors with the U.S. Department of Justice are trying to limit FTX founder Sam Bankman-Fried's right to a fair trial by moving to block all of his proposed expert witnesses, defense attorneys said. The DOJ, for its part, said the defense mischaracterized a proposed prosecution witness's planned testimony.

Charles Edwards of Capriole Investments says that despite the current headwinds, Bitcoin’s fair value sits at $45,000.

Cryptocurrency, despite its rapid rise in popularity and adoption, still faces its fair share of negative narratives and misconceptions. In this article, we’ll address and debunk some of the most common negative narratives associated with cryptocurrencies. Cryptocurrency is a tool for illegal activities: While cryptocurrencies have been used for illicit purposes in the past, it’s […]

Companies offering crypto services to U.K. residents have an Oct. 8 deadline to run “clear, fair and not misleading” marketing campaigns, but some could have until Jan. 8.

Starting in 2025, companies holding crypto can record their unrealized gains in their quarterly statements, alongside their losses.

The U.S. accounting standards board yesterday unanimously voted in favor of "fair value" accounting for crypto assets held on corporate balance sheets.

The FASB has recommended that crypto be recorded at fair market value on corporate balance sheets, removing possibly significant impairments but adding to volatility.

The first U.S. accounting rule specifically for cryptocurrency will say that companies must use a fair-value approach that would demand certain digital assets be measured at what they would trade for in the markets, according to the Financial Accounting Standards Board (FASB).

“We believe the Trust’s nearly one million investors deserve this fair playing field as quickly as possible,” Grayscale's lawyers wrote to the regulator.

Since the freelance industry was experiencing exponential growth, there was a need for a platform that brings fairness, low fees, and ease of doing business. Uwerx has already taken that role with its standout features and blockchain technology. It has been impressive since its presale, translating to a large following.

World’s leading library for interactive educational games, TinyTap launches AI-based content generation and deepens its strategic partnerships with Web 3 firm Open Campus. Following a ten-year spell as one of the leading edtech platforms, TinyTap, a subsidiary of Animoca Brands, is entering a new technological development stage, introducing novel AI features to enhance educational content creation on its platform. According to a release this Wednesday, TinyTap has launched the ‘prompt to game’ AI beta today and is expected to launch its ‘prompt to text/image’ AI generator later next month. Moreover, users and creators on the platform can leverage the ‘Practice Anywhere’ AI, which allows creators to turn any form of media into educational games and courses. In addition, TinyTap, one of the launch partners of Open Campus, announced the strengthening of the two firms’ partnership in the future and the integration of Publisher NFTs and $EDU tokens on TinyTap. “We are excited to unveil our AI roadmap, which will redefine how teachers and parents create engaging and interactive educational content for children,” Yogev Shelly, CEO of TinyTap, said. “With its new AI-powered functions, TinyTap will make content creation faster and more accessible, enabling teachers and parents to provide a personalized learning experience for each child." TinyTap’s Roadmap for AI Integration TinyTap is an online edtech platform that allows millions of users to generate educational courses and interactive games on a no-code platform. Since its launch in 2012, TinyTap has grown into the most prominent educational library for games, with companies such as Sesame Street and Oxford University Press creating their own games. With the integration of AI technology, TinyTap will empower even more creators to generate educational content and games more efficiently and quickly. According to the team statement, the decision to pivot to AI comes in light of the recent developments in the industry (just check Chat GPT’s rise) and its mission to provide a better user experience. To kick off the AI revolution on the platform, TinyTap is launching the “Prompt to Game” beta feature, allowing anyone to enter a topic prompt in a search box, and TinyTap’s AI creates a complete game from the topic provided, as this live demo shows. “As in various other fields, AI presents some terrific opportunities for edtech. Integrating AI into TinyTap allows us to scale up educational opportunities with customised programs tailored for each learner,” Yat Siu, co-founder and executive chairman of Animoca Brands, said. Additionally, the “Prompt to Text/Image” is set to launch this September. The team states that this feature aims to allow creators, educators and teachers to generate graphics, texts, and images from simple topic prompts. This will gradually enhance their courses and help them create more interesting lessons as the AI learns and adapts. “More efficiently produced content means a larger education library, which will also help teachers earn more on TinyTap,” Siu added. If the beta phase of TinyTap’s AI engines is successful, the development team will also launch the “Practice Anywhere” tools to enable creators to learn more about creating content using AI content generators. In addition, these tools can be used to “turn existing media into learning material”. For example, users paste the URL link of an educational video into the tool, and the AI transcribes the video, creates a lesson, and produces real-time TinyTap games. TinyTap integrates $EDU tokens and Publisher NFTs Apart from AI, TinyTap is also shifting its attention towards Web 3.0, strengthening its relationship with Open Campus. According to the statement, starting next quarter, holders of Open Campus NFTs and its native, $EDU token will be able to spend their digital assets to create TinyTap games and courses. These games can then be converted or minted into Publisher NFTs, which can be sold on the Open Campus marketplace. This gives the creator an opportunity to raise money from “co-publishers” who can purchase the NFT in return for a share of the revenue the content generates. By introducing Publisher NFTs, creators on TinyTap will receive a fair share of earnings generated by their content while injecting new liquidity into the edtech sector. 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.

Federal prosecutors say the FTX founders' access to technology in pre-trial detention goes "above and beyond '' that which other defendants have been offered.

Sam Bankman-Fried’s legal team has lodged an appeal against his bail revocation, arguing that his constitutional right to adequately prepare for the upcoming trial is being compromised. Bail Revocation For “Witness Tampering” U.S. District Judge Lewis Kaplan in Manhattan had revoked Bankman-Fried's bail due to allegations that he attempted to tamper with witnesses linked to his trial, which included Caroline Ellison and former FTX.US general counsel Ryne Miller. The move led to Bankman-Fried's incarceration, sparking controversy around his access to a fair trial. According to the allegations, Bankman-Fried had revealed the personal writings of his former colleague and romantic partner, Caroline Ellison, who has also been embroiled in the FTX controversy. The writings, predating FTX's collapse, showcased Ellison's emotional state and reflections on her job and her breakup with Bankman-Fried. Prosecutors vs Defense Prosecutors have contended that Bankman-Fried's disclosure of these writings was intended to harass Ellison and potentially discourage potential witnesses from testifying if they feared negative publicity. They argue that his actions were an attempt to exert undue influence on the proceedings. Bankman-Fried's attorneys had attempted to challenge the judge’s decision and sought to prevent his immediate detention until the appeal was heard. These efforts, however, were unsuccessful. The legal tussle is now in the 2nd U.S. Circuit Court of Appeals, where the court will need to weigh the former CEO's First Amendment rights against the alleged interference with witness testimony. The defense maintains that his actions were not meant to intimidate or threaten but rather to safeguard himself. He had shared part of Ellison's private diary with a reputable newspaper, citing self-protection as the motivation. They wrote, "It is unclear how a cooperating witness who has promised to testify against a defendant could be meaningfully threatened by nothing but their own statements being published by a reputable newspaper.” Challenges Faced in Detention Presently held at the Brooklyn Metropolitan Detention Center, Bankman-Fried is claiming to face challenges in adequately preparing for his trial. His legal team argues that his confinement interferes with his ability to participate in the trial preparations, a fundamental constitutional right. The judge also denied his request to remain out of jail during weekends, aimed at aiding his preparations. Upcoming Trial and Additional Charges Bankman-Fried's trial is slated to commence in October and will address charges including wire fraud, commodities fraud, securities fraud, money laundering, and related conspiracy allegations. In a recent development, he has been hit with seven new charges pertaining to the alleged donation of $100 million worth of customer funds to political campaigns. Bankman-Fried has pleaded not guilty to the new charges as well. 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 US SEC charged Impact Theory with the “unregistered offering of crypto asset securities.” The LA-based entertainment company has paid a $6 million settlement following the charges. On Monday, the SEC announced charging the LA-based Impact Theory with an unregistered securities offering. The agency claims Impact’s 2021 NFT launch falls under an unregistered securities offering. SEC: Impact Theory’s NFT Launch Is an Investment Contract In a press release, the SEC claimed the company conducted “an unregistered offering of crypto asset securities in the form of purported non-fungible tokens (NFTs).” According to the SEC, Impact Theory raised approximately $30 million from hundreds of investors through its 2021 offering. The securities agency claims that from October to December 2021, Impact offered and sold three tiers of NFTs, known as Founder’s Key, which the company called “Legendary,” “Heroic,” and “Relentless.” The press release explains Impact Theory “encouraged potential investors to view the purchase of a Founder’s Key as an investment into the business, stating that investors would profit from their purchases if Impact Theory were successful in its efforts.” The company allegedly stated that it was “trying to build the next Disney,” and if successful, would deliver “tremendous value” to Founder’s Key purchasers. The SEC’s order, therefore, found that Impact’s NFT sales to investors were investment contracts and, thus, securities. The securities agency established that Impact Theory violated federal securities laws by offering and selling these NFTs to the public without the necessary registration. Antonia Apps, Director of the SEC’s New York Regional Office, said: “Absent a valid exemption, offerings of securities, in whatever form, must be registered.” Adding, “Without registration, investors of all types are deprived of the protections afforded them by the robust disclosures and other safeguards long provided by our securities laws.” Impact Theory Settles with the SEC Impact Theory agreed to a cease-and-desist order in a settlement agreement, finding it violated the Securities Act of 1913. Without admitting or denying the agency’s findings, Impact Theory also agreed to pay $6.1 million in “disgorgement, prejudgement interest, and a civil penalty.” The company further agreed to destroy all Founder’s Keys in its possession or control, publish a notice of the SEC’s order on its website and all social media channels, and eliminate royalties that it might receive from future secondary market sales involving the NFTs. The SEC’s order also established a “Fair Fund” to return funds investors paid to buy the Founder’s Keys. The order against Impact Theory is the first NFT enforcement action the SEC has brought. In a statement, SEC Commissioners Hester Peirce and Mark Uyeda disagreed with the SEC’s claims. They said: “We dissented in part because we disagreed with the application of theHoweyanalysis. Regardless of what one thinks of theHoweyanalysis, this matter raises larger questions with which the Commission should grapple before bringing additional NFT cases.” The Commissioners added: “We understand why the Commission was concerned about this NFT sale. Even though we believe strongly that adults should be able to spend their money as they choose, we share our colleagues’ worry about the type of hype that entices people to spend almost $30 million for NFTs seemingly without having a clear idea about how they will use, enjoy, or profit from them. This legitimate concern, however, is not a sufficient basis to pull the matter into our jurisdiction. The handful of company and purchaser statements cited by the order are not the kinds of promises that form an investment contract. We do not routinely bring enforcement actions against people that sell watches, paintings, or collectibles along with vague promises to build the brand and thus increase the resale value of those tangible items.” 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.

PLAYA3ULL GAMES, the innovative minds behind the latest gaming advancements, are proud to unveil NEXUS, a third-person Multiplayer Online Battle Arena (MOBA) shooter set to redefine gaming standards. Built on the breathtaking Unreal Engine 5, NEXUS thrusts players into a futuristic arena where strategy, agility, and adaptability are key. But NEXUS is more than just a game; it's a revolution. By empowering players to craft weapons, abilities, and equipment, NEXUS ensures a truly unique gaming experience tailored to each individual's playstyle. Unique Selling Points of NEXUS: ● Blockchain Integration: Making waves in the industry, PLAYA3ULL GAMES harnesses the power of blockchain to store player skins, giving them genuine ownership and flexibility to trade or sell. ● No Pay-to-Win Elements: PLAYA3ULL is passionate about fair play, ensuring NEXUS remains a skill-driven game without pay-to-win elements. ● Tournaments & Rewards: Tournaments are coming soon and you get the chance to earn multiple types of currency, including the exclusive 3ULL coin. ● PLAYA3ULL GAMES, pronounced as "Playable Games", is dedicated to blending traditional gaming with the latest technological advancements. Their commitment to player experience and fair gameplay makes them a company to watch in the coming years. To get afirsthand experience of the action-packed world of NEXUS: https://youtu.be/7qg9G5svVIs For further inquiries or exclusive interviews with the minds behind PLAYA3ULL GAMES, please contact [email protected] About PLAYA3ULL GAMES PLAYA3ULL GAMES, a forward-thinking gaming company, bridges the gap between thrilling gameplay and cutting-edge technology. Their dedication to innovation and player-first experiences positions them at the forefront of the gaming industry. Website: http://www.playa3ull.games Twitter: https://twitter.com/PLAYA3ULL_GAMES Discord: https://t.co/jx8K2t84Wf 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

With no new inflows into the crypto market bitcoin is slowly sinking. An impulse is needed from somewhere if bitcoin is to gain new momentum. Sinking lower Bitcoin is very much still below its daily and weekly moving averages, indicators that are pointing to further downside unless something fairly momentous pushes the price back above. Bitcoin has found some support at the $26,000 level, but is currently pushing steadily against this. A break here is likely to see the price drop down to major support at $24,000, and possibly to $21,000, $19,000, and even back to the lows. One thing is looking much more certain for this bitcoin bull market, and that is the cycle is lengthening. Declining returns is another factor. Some analysts are pointing to how bitcoin is making less gains with each succeeding bull market. With this in mind, it might be likely that bitcoin only gets as far as $100k this bull market. Perhaps a blow-off top could take it to $150k, but when you look at percentage gains for previous bull markets, this potential best-case scenario is only a 6x from here. Therefore, bitcoin could certainly take its time and drop lower from here. Is this a bad thing? For those looking to make a fast buck, yes. But for those looking for long term gains and a reliable store of value outside of the legacy monetary system, lower prices mean being able to buy more. However, as always in markets, the least expected route is the one that may well be followed. There are factors that are bubbling away in the background that could change bitcoin’s trajectory in an extremely decisive way. Momentum can be regained Not least among these is the impending decision for a bitcoin spot ETF. This coming Friday, the SEC has to make its decision on whether 6 large and influential institutions will be granted the capacity to launch their own spot ETFs, and by doing so, provide the rocket fuel to propel bitcoin out of its current doldrums. Of course, the SEC could just decide to put the decision back, so this particular impulse may have to wait until perhaps early next year. Another way around this may come from the D.C. Circuit Court of Appeals, which is due to decide on Grayscale vs SEC. Should this go in Grayscale’s favour, the SEC could be obliged to approve a spot ETF given that it has already approved several futures ETFs. Whether up, down, or sideways, bitcoin is the asset of the future that provides an alternative to our deeply unfair and corrupt monetary system. The largest institutions are coming to this realisation - it is to be hoped that the common man and woman can also manage to ignore the mainstream media misdirection. 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.

In an exciting merger of tradition and technology, Philatelie Liechtenstein, part of Liechtenstein’s official postal service, has debuted an NFT postage stamp infused with the artistry of internationally acclaimed neo-pop artist, Romero Britto. Launched on March 29, 2023, this innovation sets a new benchmark for both philately and the digital art realm. Pop-art, stamps, and blockchain Liechtenstein's foray into the world of blockchain technology began as early as 2021, but this recent collaboration with Britto, known for his distinctive public art installations worldwide, including Hyde Park, London, and John F. Kennedy Airport, New York, has undoubtedly generated new attention in the world of post stamps. "We are proud to have been issuing stamps for 111 years now. The NFTs were created through the digital twin of a painting by Romero Britto, now on display in the Liechtenstein National Museum," says Roland Seger, CEO at LiechtensteinischePost AG. Drawing from his personal journey, Britto toldCryptoDaily that, "As art ambassador for the Philately Liechtenstein art edition, things have come full circle for me. When I was a kid inBrazil, I couldn't travel. But stamps let me dream. Through them, I could travel the world in my mind and get to faraway places." The NFT Art Edition stands out in the novel arena of crypto-based stamps not just due to its blend of tradition and innovation but also because of its message of unity. "My art, the painting for the philately and the design of the NFT stamps are meant to express joy of life. This style conveys my philosophy: a visual language of happiness! The work in the Liechtenstein National Museum stands not only for friendship, but also for the connection between tradition and the digital world. Mushrooms (through their roots) are the best-connected creatures in our world - just as we are digitally on the internet today," Britto reflected. Each stamp, built on Ethereum’s ERC-721 standard, includes a unique SQR code, linking directly to its corresponding NFT on the Ethereum blockchain. This guarantees transparency and authenticity for collectors. Additional physical perks include gold foil embossed packaging and a certificate of authenticity. Britto further emphasized the democratizing power of NFTs, saying, "Art is for everyone. We should share love and positivity with each other. With my art, I want to convey this attitude. The NFTs allow everyone to participate in the art world. Through this unique project, everyone gets access to a world that was previously only available to a fewpeople.." A growing field As Liechtenstein's philately dives headfirst into the digital age, their initiatives not only revolutionize notions of authenticity and ownership but also underscore their commitment to evolving while paying homage to a century-old tradition. And notably, they’re not the only players in their field to realize the potential of NFTs. Since the thoughtleader’s first venture into blockchain back in 2021, the release of Stamp 4.0, the world’s first NFT stamp, other postage services in Europe have caught on to the idea. As Cointelegraph reported, the Dutch and Austrian postage services have followed suit and released their own blockchain-based stamps to the public in Fall 2022. The future of philately seems promising, with a perfect blend of the past, present, and future, creating an inviting space for both traditional stamp enthusiasts and new-age collectors. As the world continues to become more digitalized, it seems fair to assume that collectors and even consumers will be seeing more post services leverage blockchain technology. It's even conceivable that postal services will abandon the old-fashioned physical stamps and soon rely entirely on their NFT counterparts for domestic and international mail. One thing is for sure: thanks to collaborations like these, Philatelie Liechtenstein ensures its revered position in philatelic history for ages to come. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.