Forta(FORT)

The Securities and Exchange Commission (SEC) has intensified its efforts in regulating digital assets in what many have described as a “lopsided process” against several assets.

The CEO of Btc. x mentioned the possibility of governments deeming the MiCA framework inadequate, leading to a two-sided power dynamic.

The move is a “culmination of over two years of effort,” according to Strike CEO and cofounder Jack Mallers.

Podgorica, Montenegro, June 9th, 2023, ChainwireAt EDCON 2023 in Montenegro, the Ethereum Reserve Dollar (“ERD”) team introduced their innovative decentralized lending platform and USDE stablecoin to the industry. ERD is a lending platform that allows users to borrow USDE, a USD-pegged stablecoin native to the platform, using liquid staking derivatives (LSDs) and blue-chip DeFi tokens as collateral. The protocol maintains a minimum collateralization ratio of 110%, striking a balance between decentralization, capital efficiency, and price stability.In the fast-paced world of blockchain and cryptocurrencies, the demand for fully decentralized stablecoins is growing. The challenge has been to simultaneously achieve capital efficiency, price stability, and decentralization, a combination that has proven difficult to achieve.Numerous attempts have been made to create stablecoins that are both decentralized and capital efficient. However, these efforts often led to significant price fluctuations, causing depegging and collapse. The industry has thus been left with a choice between capital efficiency and decentralization, with price stability being a crucial requirement for any stablecoin's survival and expansion.Ethereum Reserve Dollar is designed to address these challenges. ERD is fully decentralized, providing a safer solution to the dominant centralized and semi-centralized stablecoins in the market. It employs a fully decentralized lending protocol and a robust liquidation mechanism, enabling users to borrow USDE using LSDs and blue-chip DeFi tokens as collateral. The platform secures loans with a Stability Pool containing USDE, which allows for immediate liquidation and bypasses the need for liquidators to prepare USDE or engage in a complex auction process. Furthermore, the protocol's design allows users to borrow at only a 110% collateralization ratio, achieving an ideal combination of decentralization, capital efficiency, and price stability.Notably, ERD also aims to provide greater value as a governance token and introduce widely distributed decentralized assets on the ETH network, addressing limitations observed in similar protocols, such as those of the Liquity Protocol.“Looking back at the collapses of so many failed stablecoins, and the depegging of USDT in 2022 and USDC in 2023, the industry is still searching for a truly decentralized, capital-efficient, and robust solution," said Steve Hopkins, ERD’s CMO. “ERD is this and so much more; it's a solution designed to become a truly decentralized reserve asset on the Ethereum network. We believe ERD offers a significant step forward in blockchain and DeFi technology. We’re thrilled to share it with the world. ”The ERD team will launch their testnet event on June 12, 2023. This event will offer the opportunity to experience the platform's unique features and benefits firsthand, while also entitling early adopters to share in the upside of the project’s growth.The ERD Protocol is set to redefine the stablecoin landscape. With its unique features and benefits, it offers a promising solution for efficient and decentralized lending. The team encourages everyone to participate in the upcoming testnet event and experience the future of DeFi.For more information about the ERD Protocol and its upcoming testnet event, please visit the official website at https://erd.xyz/ and follow the project on Twitter at @Ethereum_ERD.About ERDERD is a decentralized lending protocol that enables users to borrow in USDE, a stablecoin pegged to the US dollar, using LSDs and blue-chip DeFi tokens as collateral. It aims to address the dominance of centralized stablecoins and offer a truly decentralized, capital-efficient alternative. The protocol offers a minimum collateralization ratio of 110% and secures loans with a stable pool containing USDE and other Ethereum-based assets. The benefits of ERD include low-interest rates, high capital efficiency, direct redemptions, and decentralization. Its goal is to become a truly decentralized reserve asset on the Ethereum network.Long live Ethereum Reserve Dollar. On Ethereum, By Ethereum, For Ethereum.For more information and to stay updated please visit:Official website | Twitter | Discord | Whitepaper | GitHubContactCMOSteve HopkinsEthereum Reserve [email protected]

Australia’s Commonwealth Bank introduced new processes to help protect customers from scams associated with making payments to certain crypto exchanges. Commonwealth Bank in Australia on Thursday introduced new measures to protect customers from possible scam risks associated with making payments to “certain” crypto exchanges. The bank announced it would decline or hold certain payments to crypto exchanges for 24 hours. It further said in the coming months, it would introduce AU$10,000 ($6,700) limits in a calendar month, giving the bank time to identify the customer payments to exchanges for crypto purchases. The bank added that it would closely monitor its new measure’s efficacy, saying they are subject to ongoing review. James Roberts, Commonwealth Bank General Manager of Group Fraud Management Services, said: Consumer interest in cryptocurrencies has been increasing, and unfortunately scammers globally are capitalising on this trend and masquerading as legitimate investment opportunities or diverting funds into cryptocurrency exchanges. Adding: The introduction of 24-hour holds, declines and limits on outbound payments to cryptocurrency exchanges will help reduce both the number of scams and the amount of money lost by customers. Measures Will Note Eliminate Scam Risk While the measures will not do away with scam risks, they are designed to reduce customers’ risk of falling victim to a scam. Mr Robert further stated: Customers who make payments to cryptocurrency exchanges are currently facing a significantly higher risk of potentially being scammed. While these measures will not eliminate the risk of customers suffering losses as a result of a scam that involves a payment to a cryptocurrency exchange, they are part of a range of initiatives designed to help customers reduce their risk of falling victim to a scam. 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.

Binance.US said the moves are part of efforts to protect customers and the platform amid "extremely aggressive and intimidating tactics" by the SEC.

Meme coins have been around since 2013 when Dogecoin was introduced. However, it wasn’t until 2021, that the meme coin industry blew up. Influencers all over the web were talking endlessly about meme coins, and most people bought into the hype. Unfortunately, the hype is going down fast as investors seek more value-centric cryptocurrencies. However, […]

Source: Depositphotos Decentralized wireless (DeWi) operator World Mobile has announced a major expansion to its African network coverage following successful field trials. The company, whose decentralized network forms part of the sharing economy, has been conducting tests in Kenya, Mozambique, and Nigeria ahead of a broader rollout across the African continent. World Mobile Does DeWi For the past few months, World Mobile has been on a mission to convince Africans to trial its cellular data service. Its message is simple: World Mobile can provide data significantly cheaper than incumbent carriers and provide better coverage, particularly in rural areas where residents can struggle to get a signal. World Mobile’s ultimate goal is to create a community-owned wireless network that spans the globe, with users incentivized to provision spare bandwidth. To get its African service up and running, however, the company has utilized TV White Space equipment. This taps into unused spectrum in the TV broadcast band, harnessing it to deliver mobile network services. To further boost bandwidth, World Mobile also utilized Starlink, the satellite internet constellation operated by SpaceX. According to World Mobile CEO Micky Watkins, “The successful completion of field tests in Kenya, Mozambique, and Nigeria, mark a significant milestone in World Mobile's mission to connect the unconnected. These tests validate the feasibility and scalability of our DeWi technology, bringing us one step closer to providing affordable and reliable internet access to both rural and underserved areas worldwide.” From Zanzibar to India and Beyond World Mobile has been steadily rolling out its services to select territories with a view to gauging demand and ensuring its network can scale to match demand. Last month, the company launched its commercial service in Zanzibar, having completed successful trials in the East African island cluster that saw 16,000 users sign up. Meanwhile, the company has announced its intention to perform periodic buybacks of its WMT token. The token is used to reward participants in World Mobile’s sharing economy and support adoption of its mobile solutions. Ultimately, World Mobile aims to forge an inclusive mobile ecosystem in which users can earn revenue while retaining a degree of ownership over network infrastructure and data. Within the radical decentralized mobile economy World Mobile is building, individuals and businesses are encouraged to operate nodes on the network. This helps provide greater network coverage while rewarding operators for their efforts. While Africa has formed the focus of World Mobile’s strategy for much of 2023, there are plans to gain a foothold in other key regions including India. Tellingly, the company recently announced the appointment of Manoj Kohli as an advisor. As the former country head of SoftBank India and CEO of Bharti Airtel, Kohli’s telecoms expertise will be pivotal in realizing this goal. 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 setting the record for having the largest initial coin offering in history, the EOS network suffered various setbacks, including fines and allegations of market manipulation.

The former CEO of Binance.US, Brian Brooks, has revealed why he left his position as the CEO of the exchange in court documents submitted this week. Brooks had resigned as the CEO of Binance.US in August 2021, just months after taking the position. Shadow CEO Court documents cited Brooks in a transcript linked to documents regarding the United States Securities and Exchange Commission’s case against Binance, Binance CEO Changpeng Zhao, Bam Trading, and Bam Management. In the interview transcript with the Securities and Exchange Commission (SEC), Brooks was asked about his role as the head of Binance.US; Brooks stated, “I did not work for Binance.com, that nobody at Binance.com was my boss, and that my role was to complete and highlight the corporate separateness. So when I talked to CZ, I considered myself to be talking to him in his role as board chair of BAM Trading. What became clear to me at a certain point was [that] CZ was the CEO of BAM Trading, not me…That wasn’t because Binance.com somehow controlled us, but again, he owns the vast majority of Binance.com, so I put that aside.” At the time of resigning, Brooks stated that he was leaving his position as the CEO of Binance.US because of differences over strategic direction. Brooks held his position at the American arm of Binance for only three months. The SEC’s Case Against Binance The Securities and Exchange Commission filed a lawsuit against Binance and its CEO Changpeng Zhao on Monday. The lawsuit contained 13 charges, including allegations of fraud and co-mingling of customer assets. The action came after months of threats, warnings, and discussions, with the exchange and Zhao accused of operating a “web of deception.” The filing against Binance also includes quotes from multiple unnamed Binance executives, which it stated were acknowledging that they were running Binance.com as an unregistered securities exchange in the US. It also quoted Zhao as seeking ways to keep its VIP customers. According to the lawsuit, Zhao, in a weekly meeting with senior company officials, stated, “We don’t want to lose all the VIPs, which actually contribute to quite a large number of volume. So ideally, we would help them facilitate registering companies or moving the trading volume offshore in some way—in a way that we can accept without them being labeled completely US to us.” Binance Reacts Binance handles billions worth of investments for small and established investors and also sponsors Italian Serie A team Lazio and the Argentina National team. The action on the exchange is part of a wider crackdown on crypto initiated by the SEC, which began after the collapse of FTX. FTX founder Sam Bankman-Fried has been charged with several offenses, including securities fraud and money laundering. Reacting to the SEC lawsuit, Binance stated that it was “disheartened and disappointed” with the SEC lawsuit. It added that it had extensively discussed with the regulator to reach a negotiated settlement. “Most recently, we have engaged in extensive good-faith discussions to reach a negotiated settlement to resolve their investigations. But despite our efforts, with its complaint…the SEC abandoned that process and instead chose to act unilaterally and litigate.” The SEC also added that it had filed a temporary restraining order against BAM Trading, BAM Management, which oversees Binance.US operations, and against Binance. If the order is granted, it would look to freeze the assets of BAM Trading and BAM Management. 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 executive, once instrumental to the company’s NFT efforts, was "terminated" amid lackluster Q1 earnings.

Trading platform Robinhood is reportedly reviewing its cryptocurrency offerings following the SEC crackdown on Binance and Coinbase. Robinhood Markets Inc. is reportedly reassessing the cryptocurrencies it offers on its platform after the US Securities and Exchange Commission (SEC) sued crypto exchanges Coinbase and Binance. On Tuesday, the company’s chief legal officer, Dan Gallagher, told Congress that it is “actively reviewing” the SEC’s analysis “to determine what, if any, action to take.” A former SEC commissioner, Gallagher, testified before the House Agriculture Committee during a meeting on digital assets. SEC Believes Several Popular Cryptocurrencies are Unregistered Securities In its lawsuit against Binance and its CEO Changpeng Zhao, the SEC alleged that popular cryptocurrencies such as Cardano (ADA), Polygon (MATIC), and Solana (SOL) are unregistered securities. Robinhood currently offers its clients 18 different tokens to trade with compared to hundreds available on Coinbase’s platform, Bloomberg reports. Some of the 18 tokens that Robinhood offers, however, the SEC have deemed to be unregistered securities. These tokens include Cardano, Solana, and Polygon. The Lawsuits Against Binance and Coinbase The SEC ramped up its efforts to target unregistered securities and filed lawsuits against Binance, its CEO Changpeng Zhao, and crypto exchange Coinbase. The agency accused Binance of mishandling customer funds and lying to investors and regulators about its operations. The SEC also alleges that the company’s CEO failed to restrict US customers from its platform and mislead investors about its market surveillance controls. Less than a day after lodging a complaint against Binance, the agency sued Coinbase in a New York federal court. In a press release, the SEC said Coinbase acted as an unregistered securities exchange, broker, and clearing agency and charged it for “the unregistered offer and sale of securities in connection with its staking-as-a-service program.” 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.

Despite the recent lawsuit against Binance that accuses them of selling unregistered securities, XRP remains unnamed, and pro-crypto lawyers are still anticipating a win in the SEC vs Ripple. Solana&rsquo;s charts show bullish potential, although SOL is one of the coins that may be affected by the SEC. Tradecurve, currently in presale, recognises the growing problems of regulation in the US and offers a solution for traders around the world. >>BUY TCRV TOKENS NOW<< Ripple lawyers remain confident of a win The crypto market reels from the latest Binance lawsuit from the SEC, that could see coins such as SOL, ADA, FIL, ATOM, SAND, MANA, ALGO, AXS, and COTI as securities. However Ripple is notably absent from the lawsuit, adding strength to Ripple lawyer John Deaton&rsquo;s argument that XRP will not be declared a security. Deaton now anticipates that the case will come to a close around the end of September. He expects either an outright win, or the potential that a cut off line will be drawn that allows Ripple to officially not be a security. He also predicted a potential price for the XRP token assuming that the outcome is favorable, saying that &ldquo;I certainly believe that somewhere between $2 and $10 is reasonable&rdquo;. Solana is named in the SEC vs Binance lawsuit. Although Solana has been demonstrating bullish potential from a technical analysis point of view, the recent Binance lawsuit names Solana&rsquo;s coin SOL in the lawsuit, as an unregistered security. This isn&rsquo;t the first lawsuit that Binance have faced, and similarly to the XRP vs Ripple case, the judgment could go either way. Still it&rsquo;s not great news for the layer 1 chain, and Solana&rsquo;s price has fallen by 7% over the last 24 hours, currently trading at around $20 per coin. Solana and the other tokens and coins named in the lawsuit, may take comfort in the words of John Deaton, who believes that it may be possible for future redemption even if they do get named as securities. This is because once cryptocurrencies like Solana achieve a significant level of decentralization, there is a possibility that they could transition from being classified as securities to being recognized as commodities. Is Tradecurve the answer to regulatory woes? As the US continues to pursue aggressive anti crypto regulations, in what Nic Carter sees as a concerted effort to de-platform crypto from the banking system, the need for regulation free platforms increases. This could be where Tradecurve gets its chance to shine, offering a borderless and KYC trading platform that combines the financial products of TradFi, including commodities, stocks and bonds, and of course, crypto. Tradecurve are based in St Vincent and Kitts where offering these products are legal. Tradecurve follows Binance and other exchanges such as Gemini, who are increasingly looking to move their operations outside of the US. Tradecurve&rsquo;s token is TCRV, and is currently in stage 3 of presale. TCRV is changing hands at $0.015 and will launch at a minimum price of $0.088. Experts are predicting a rise as big as 1000x once it is listed on Uniswap and tier 1 CEXes. Learn more about TCRV and the future of the project here: Click Here For Website Click Here To Buy TCRV Presale Tokens Follow Us Twitter Join Our Community on Telegram 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.

Provider of AI infrastructure to the crypto, blockchain, and Web3 industry, ChainGPT has just announced the successful rollout of its NFT Generator prototype to the general public.Try the ChainGPT AI NFT Generator: NFT.ChainGPT.org | Learn more: ChainGPT.org Connected to the Binance Smart Chain, the ChainGPT generator is an AI-powered visual synthesizer that transforms text prompts into breath-taking images and NFT collections. From unique 1-of-1 memorabilia to an assemblage of 10,000 pieces, users are now just 30 seconds away from deploying their imaginations on-chain. Entrepreneurs of from all walks of life are looking to integrate NFTs into their project supply chains to strengthen the relationships with their communities and expand their product suites. However, creating NFT collections manually has been extremely costly in time, effort, and money. ChainGPT is lowering the barriers to entry by compressing costs by order of magnitude, streamlining the creative process, and packaging everything into a comprehensive user interface, the AI-powered generator is fulfilling the promise of equalizing the playing field and inviting a new caliber of market participants into the world of Web3. Whether a verbal artist, computer engineer, or somebody without any technical background, the ChainGPT AI Generator will deliver the highest quality results. Ilan Rakhmanov, CEO of ChainGPT said: "At ChainGPT, our main focus is to solve real web3 problems by utilizing AI. Making simple tasks like generating NFT collections, affordable, and well... simple.&rdquo; Creating on-chain NFT collections was never easier. Try it yourself: https://NFT.ChainGPT.org. Leveraging all leading technological breakthroughs in the fields of machine learning, NLP, and transformer architecture in its design, the ChainGPT AI NFT generator has been purpose-built to realize the most abstract ideas and turn arbitrary concepts into tangible, visual, on-chain products. On a mission to get AI technology into the hands of the masses and on-board them into Web3, ChainGPT is changing the game and differentiating its NFT generator from any other by working on architectural solution to move the entire computational process on-chain as well. By bringing the entire creative cycle on-chain, a higher degree of quality assurance can be enabled and counterfeit activity deterred with fully traceable object provenance. About ChainGPT ChainGPT is the provider of AI-powered infrastructure for the crypto, blockchain, and Web3 industry. From automated smart contract generation and auditing, to autonomous community management, advanced Web3 AI chatbot, AI-powered news aggregation, and NFT generation, ChainGPT is the most sophisticated, end-to-end AI solution on the market. &mdash;> To learn more about ChainGPT visit the official ChainGPT.org website 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.

Unlock the power of AI tools to extract key insights and condense complex information effortlessly, revolutionizing your research paper summarization process.

New York, United State, June 7th, 2023, ChainwireWOW EARN has announced a major upgrade to its crypto app and the release of a dedicated mobile wallet. The WOW EARN Wallet was launched on May 29 and is available for download on both the Google Play Store and App Store.The WOW EARN platform supports the buying, exchanging, and trading of cryptocurrency. With a strong commitment to security and a diverse range of offerings, WOW EARN provides a seamless and safe environment for crypto enthusiasts.Through an intuitive interface and comprehensive asset management tools, users can effortlessly trade digital assets. Driving this ecosystem are WOW tokens, acting as catalysts for the growth of WOW EARN's products and services while strengthening community governance.The new WOW EARN Wallet includes an airdrop facility. By simply using the wallet, users receive WOW coins as a reward, eliminating the need for additional equipment or extensive crypto knowledge.&ldquo;We are extremely excited to announce the release of the WOW EARN Wallet," said WOW EARN spokesperson Yara G. &ldquo;With its cutting-edge features and focus on user safety and security, the WOW EARN Wallet will redefine the way crypto assets are managed. We believe it will enable individuals to take full control of their digital assets and herald a new era for crypto asset security.&rdquo;WOW EARN has also introduced a sleek and user-friendly UI with the latest update to its platform. The redesigned interface enhances the overall user experience, making it easier than ever to navigate the platform.By referring friends and acquaintances, users can earn additional rewards. This incentivized referral program allows users to boost their earnings while expanding their network within the crypto community.About WOW EARNWOW EARN is on a mission to reshape the crypto landscape by offering users an accessible, secure, and user-friendly platform for buying, exchanging, and trading digital assets. WOW EARN strives to empower individuals worldwide and foster a thriving community united by a shared interest in crypto.For more information, visit: https://WowEarn.comContactMarketing DirectorYara GeorginaWOW [email protected]

Companies such as Coinbase and Binance may not want to, but they could be forced to focus their efforts elsewhere.

Artificial intelligence is an innovation many will sing and glorify as it aims to revolutionize various sectors, including blockchain technology. The decentralized community believes in development, and there are still campaigns to integrate AI into the ecosystem. Individuals who have joined the bandwagon already know the taste of gaining income with less effort than usual. […]

In a shocking development, the SEC filed suit against crypto exchange Coinbase on Tuesday, alleging it acted as an unregistered broker and exchange. On Tuesday, the US Securities and Exchange Commission (SEC), in its relentless pursuit of the crypto industry, sued crypto exchange Coinbase in a New York federal court. The agency alleges the exchange acted as an unregistered broker and exchange and is demanding that the firm be &ldquo;permanently restrained and enjoined&rdquo; from further doing so. The complaint comes less than a day after the agency sued Binance and its CEO, Changpeng Zhao. SEC: Coinbase Is an Unregistered Exchange, Broker, and Clearing Agency In a press release, the securities regulator said Coinbase acted as an unregistered securities exchange, broker, and clearing agency and charged it for &ldquo;the unregistered offer and sale of securities in connection with its staking-as-a-service program.&rdquo; The SEC details: Since 2019, Coinbase has been engaging in an unregistered securities offering through its staking-as-a-service program, which allows customers to earn profits from the &ldquo;proof of stake&rdquo; mechanisms of certain blockchains and Coinbase&rsquo;s efforts. Through its unregistered services, the agency said Coinbase allegedly: Provides a marketplace and brings together the orders for securities of multiple buyers and sellers using established, non-discretionary methods under which such orders interact. Further, it states that Coinbase: Engages in the business of effecting securities transactions for the accounts of Coinbase customers. Finally, the SEC alleges that Coinbase: Provides facilities for comparison of data respecting the terms of settlement of crypto asset securities transactions, serves as an intermediary in settling transactions in crypto asset securities by Coinbase customers, and acts as a securities depository. The regulator further deems at least 13 crypto assets available to Coinbase users as &ldquo;crypto asset securities&rdquo;. Gensler and Grewal Comment Chairman of the SEC, Gary Gensler, took to Twitter to share the news. Gensler commented: Coinbase&rsquo;s alleged failures deprive investors of critical protections, including rulebooks that prevent fraud and manipulation, proper disclosure, safeguards against conflicts of interest, and routine inspection by the SEC. Director of the SEC&rsquo;s Division of Enforcement, Gurbir S. Grewal, had this to say: You simply can&rsquo;t ignore the rules because you don&rsquo;t like them or because you&rsquo;d prefer different ones: the consequences for the investing public are far too great. As alleged in our complaint, Coinbase was fully aware of the applicability of the federal securities laws to its business activities, but deliberately refused to follow them. While Coinbase&rsquo;s calculated decisions may have allowed it to earn billions, it&rsquo;s done so at the expense of investors by depriving them of the protections to which they are entitled.Today&rsquo;s action seeks to hold Coinbase accountable for its choices. The SEC Appears to be Out for Blood The crypto market has been in free fall since news broke that the agency filed suit against crypto exchange Binance and its founder and CEO, Changpeng Zhao. The agency accused Binance of mishandling funds and lying to investors and regulators about its operations. Binance responded by denying the claims. Coinbase has been under the radar amid the SEC&rsquo;s broader crackdown on unregistered securities. After the SEC and crypto exchange Kraken reached a settlement earlier in the year where the company agreed to shutter its staking program, Coinbase said they would defend the agency&rsquo;s classification of staking as a security. Coinbase executives claim that staking cannot be classified as a security under the US Securities Act or the Howey Test. 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.

Unigrid, a pioneering force in the development of a decentralized and anonymous Internet, is excited to announce a significant milestone, a new strategic partnership, and an ambitious market positioning. Unigrid has recently secured a $25 million investment commitment from GEM Digital Limited. Additionally, Unigrid has partnered with WeSendit, the world's first file transfer service specializing in anonymous data transfer and decentralized storage solutions. Unigrid is poised to become a formidable European alternative to dominant providers such as Amazon AWS and Google Cloud. Unigrid's CTO, Adam Waldenberg, emphasizes the transformative power of blockchain technology in guaranteeing the permanence of information, thereby fundamentally reshaping the cloud industry. Businesses will be able to leverage Unigrid to deliver and store data at significantly lower costs compared to traditional cloud providers like Amazon AWS, resulting in substantial savings. Unigrid's innovation stems from the underutilized storage capacities found in numerous European data centers. By harnessing their blockchain node technology, Unigrid taps into this vast reservoir, which was previously seen as almost inexhaustible. Their intelligent blockchain application ensures secure data encryption and organization. Unigrid's groundbreaking "plug-and-switch" approach allows businesses to effortlessly monetize their available storage capacity, particularly during non-peak hours. This approach not only optimizes the use of idle server capacity but also provides an additional revenue stream for businesses. Customers benefit from cost-effective cloud services, and Unigrid envisions significant growth opportunities ahead. Even with a modest 0.1% market share in the global cloud business, CEO Evan Green envisions a turnover potential in the hundreds of millions. The substantial commitment from GEM Digital Limited is a testament to Unigrid's potential and the unwavering dedication of its team. It also signifies a strong vote of confidence from a group with a profound understanding of the digital asset space and a global reach. Unigrid's partnership with WeSendit marks a significant stride in its mission to revolutionize the Internet. WeSendit has been offering its file transfer service since 2014 and has since convinced more than 3 million customers, including global brands such as Nike, Facebook, Dreamworks, and Red Bull. The new platform WeSendit 3.0 and its central component, the $WSI token, mark the company&rsquo;s transition from Web2 to Web3. WeSendit&rsquo;s interdisciplinary team is developing a new generation of decentralized data processing tools that will encourage users to explore the benefits of the decentralized Internet. WeSendit's decision to leverage Unigrid's decentralized storage offering for its Web3 storage solution underscores the transformative power of Unigrid's technology. This commitment ensures a broad market launch for Unigrid this year, propelling its growth and market development. Unigrid remains open to additional seed commitments and private sales, with strategic guidance and expertise provided by Valuex AG, renowned specialists in strategy and blockchain technology. Unigrid is at the forefront of the next Internet revolution, providing a truly decentralized global network that is free from geographical limitations and centralized control. Unigrid's innovative solution is a game-changer in the cloud infrastructure landscape, offering a network that is completely anonymous and resistant to attacks. For more information about Unigrid, please visit https://www.unigrid.org/. For more information about GEM Digital Limited, please visit https://www.gemny.com/. For more information about WeSendit, please visit https://linktr.ee/wesendit. About Unigrid Unigrid is creating a decentralized and anonymous cloud service, free from centralized control and resistant to attacks. Unigrid is committed to delivering a network that changes everything, forever. For more information, visit https://www.unigrid.org/. About GEM Digital Limited GEM Digital Limited is a digital asset investment firm. Based in The Bahamas, the firm actively sources, structures, and invests in utility tokens listed on over 30 CEXs and DEXs globally. Global Emerging Markets (&ldquo;GEM&rdquo;) is a $3.4 billion alternative investment group with offices in Paris, New York, and the Bahamas. GEM manages a diverse set of investment vehicles focused on emerging markets and has completed over 530 transactions in seventy-two countries. https://www.gemny.com/. About WeSendit WeSendit is a Swiss file transfer service specializing in anonymous data transfer and decentralized storage solutions. The company has been a successful Web2 file transfer provider for almost 10 years and has now entered the Web3 era. Powered by the $WSI token, the new platform WeSendit 3.0 will help the world transition to the decentralized Internet of the future. For more information, visit https://linktr.ee/wesendit. Press Contact [email protected] 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.

There is no shortage of regulatory efforts to mitigate the negative impacts of artificial intelligence.

In the aftermath of the attack, Atomic Wallet — along with individual blockchain investigators — have amped up efforts to track and revert stolen funds.

Uniswap and its foundation have no association with the scam as efforts are being made to combat it.

The leading game retailer will distribute Telos-based games on its forthcoming Web3 gaming launchpad, GameStop Playr.