GreenTrust(GNT)

Bitcoin Magazine’s technical editor says it’s necessary to implement covenants - which allow joint ownership of UTXOs - if Bitcoin is to fulfill its promise of bringing financial self-sovereignty to people globally.

Bitcoin ETFs give investors exposure to price movements but not to the financial ownership and sovereignty that makes crypto different from other financial assets, says Pascal Gauthier, Chairman and CEO at Ledger.

EU-wide blockchain services could support the bloc’s pursuit of digital sovereignty, Mathieu Michel tells CoinDesk.

Whether it's browser data or sensitive information, our digital snail trail is frequently extrapolated and shared under our noses, but its repercussions are becoming more clear.

The new AI identity platform Hollo.AI takes on key topics of transparency, ethical use and content sovereignty in the age of rampant AI-generated deep fakes.

There are still many steps ahead on the road to achieving true data freedom and self-sovereignty.

A new generation of blockchain-based projects have begun to ascend into the crypto industry, ChainGPT is there to provide them with the necessary support and tooling to help them succeed. ChainGPT, the leading AI Infrastructure provider for the crypto, blockchain, and Web3 industry is bringing one of its most promising incubation projects to the public. After months of careful planning, diligent development, and community building, Solidus AI Tech will be taking its next step into Web3 and launching its $AITech IDO on the ChainGPT Pad . With their world-class team, mesmerizing website, incredible network of connections, and rock-solid plan of action, Solidus AI Tech is ready to bring its products to market and become an active player in the digital economy! What is Solidus AI Tech? Based in Europe, Solidus AI Tech is an IaaS (infrastructure as a service) company that is solving some of the most prevalent, fundamental issues plaguing the digital economy; namely the demand for computational infrastructure. Building out their own 8,000-square-foot facility to house hardware that has been wired with their proprietary algorithms that improve computational costs and efficiencies. In tandem to the physical infrastructure, they are tapping into their resources to provide a full stack of cutting-edge Web3 infrastructural software solutions including Artificial-Intelligence-as-a-service (AIaaS), Blockchain-as-a-Service (BaaS), High Performance Computing power (HPC), and an Artificial Intelligence marketplace. What does AI Tech Provide? As an infrastructure services company, Solidus AI Tech is providing a suite of four core services that can be used by companies, institutions, and even governments as a foundation to build sustainable digital systems. From metaverse to CBDC to gaming and beyond this is what AI Tech is providing: AIaaS - Artificial-Intelligence-as-a-serviceArtificial intelligence is the frontier of mankind's intellectual flourishing. Considered to be just as, if not more important a technological revolution as was the steam engine, AI has become the building block for new technologies promising to improve the lives of people around the world. Solidus AI Tech has neatly wrapped up a turnkey solution to jumpstart the integrations and implementations of AI into a broad range of applications. BaaS - Blockchain-as-a-serviceBuilding blockchains from scratch is an extremely tedious, long, and resource-intensive (labor and capital) process. Building quality blockchains that can satisfy the security and operational demands of sensitive, high-value operations if even more arduous. Solidus AI Tech is extending its intelligent blockchain designs for any imaginable use case. HPC - High Performance ComputationThe demand for computation continues to grow alongside the world’s population that is coming online and new energy-dependent solutions are introduced into society. Solidus AI Tech provides computation for the most intensive use cases across a multitude of industries. AI MarketplaceThe exchange of automated intelligent processes unlocks an entirely new machine economy that contributes to a potentially entirely new and untapped market segment. Solidus AI Tech will be providing a venue where industrial and individual AI commerce can take place. What are some of AI Tech’s Unique Features? Apart from the four key products that Solidus AI tech provides, there is a mixture of sophisticated novel developments at the design, code, and principle layers of the project that make it stand out from the crowd and supersede all existing solutions attempting to spearhead the enormous, evergreen market segment of Computational Infrastructure. Some of these features include: High Performance Computing Costs reductionNotorious for its insatiable energy demands, HPC is a problem that is looking for solutions beyond just the linear increase of hardware. Solidus AI Tech has developed proprietary algorithms that improve hardware efficiencies by 40% above the benchmark rate of existing industry standards; driving down costs, while increasing efficiency. Eco Friendly Computation IP (Intellectual Property)Going hand-in-hand with its HPC reductions costs, a byproduct of Solidus AI Tech’s focus on optimization has resulted in the creation of innovations granting them intellectual property in the form of algorithmic systems that is much friendly for the environment with its efficient (lowered) consumption of energy and heightened computational capacity. Custom Data CenterSolidus AI Tech has been able to secure a location with some of the lowest-cost energy and highest internet speed internet in all of Europe. With the presence of an in-house data center, Solidus AI Tech is in control of the computational supply chain and has full sovereignty in optimizing its service across every vertical of supply and demand. Built in Bucharest, the facility spans some 8,000 square feet and operates under ISO 14001:2015.Vulnerability MonitoringSecurity, monitoring, and specifically designed firewalls, Solidus AI tech provides a full spectrum of proactive protective measures to ensure the reliability of its systems. Leveraging novel structures of network devices existing without IP or MAC addresses alongside its protocol of automatic vulnerability detection satisfies the most stringent institutional security requirements.Government Enterprise Blockchain SolutionsUtilizing a combination of its software and hardware solutions, Solidus AI Tech is able to service the most demanding use cases while adhering to NATO quality assurance standard. From voting, taxation, land registration, and supply chain traceability to Healthcare and Identity management; the security, flexibility and expertise Solidus AI Tech provides caters to every grade of entity. Solidus AITECH Tokenomics In tune with the forward-looking innovations that are coming out of Solidus AI Tech’s ecosystems, their vision of a decentralized, digital future is underscored with its elegant tokenomics that complement and underpin their system processes. Empowering users of all types with equal access to high quality infrastructure the $AITECH token adheres to inclusive, cost-efficient ideologies. From a payment vehicle for their product licenses, an incentive for creating and publishing quality AI tooling, and membership to the DAO, $AITECH is worth taking a look at: Token Name: AI TechToken Symbol: $AITECHToken Standard: BEP-20Issuing Network: Binance Smart ChainTotal Supply: 2,000,000,000 Moreover, the $AITECH token has adopted the leading practices in deflationary economics by implementing a variable burn program that takes 5%-10% of every transaction used for acquiring platform serves and systematically removes them from circulation; thereby exerting constant pressure on the open market dynamics of the asset. $AITECH IDO on ChainGPT Pad Details Solidus AI Tech has dedicated a portion of its supply for the ChainGPT Pad IDO as follows: IDO Date: 08/21/2023Token Price” $0.012Supply Allocation: 13,333,333.33 $AITECH tokensMax Allocation: $160,000Listing on Exchanges: August 28th, at 10 AM (UTC) More information about the IDO specifications are available in their official listing here. * ChainGPT implements a unique protection mechanism for all IDO participants in the form of a refund policy. After an IDO has been completed, if for any reason participants feel as though they would rather revise their contributions, they have up to 7 days to do so (unless they claim their allocations). For a more in-depth explanation of the ChainGPT Pad refund policy refer to their official article discussing it here. About ChainGPT ChainGPT is the leading provider of AI-powered Infrastructure for the crypto, blockchain, and Web3 industry. The one-stop-shop Crypto AI hub. 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. General Resources:Website | V1 App | ChainGPT Pad | WhitepaperDAO | NFT Generator | Staking | | Blog Community and Social Media: Twitter | Telegram | Discord | Instagram | LinkedIn | Youtube | TikTok Launchpad BD Contact Person(s): Gintare Kairyte / Amid YazdiContact Email(s): [email protected] / [email protected] General BD Contact Person(s): Jake Wallace / Cameron French / Ilan RakhmanovContact Email(s): [email protected] / [email protected] / [email protected] —> To learn more about ChainGPT visit the official ChainGPT.org website —> For all inquiries, please 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.

A new generation of blockchain-based projects have begun to ascend into the crypto industry, ChainGPT is there to provide them with the necessary support and tooling to help them succeed. ChainGPT, the leading AI Infrastructure provider for the crypto, blockchain, and Web3 industry is bringing one of its most promising incubation projects to the public. After months of careful planning, diligent development, and community building, Solidus AI Tech will be taking its next step into Web3 and launching its $AITech IDO on the ChainGPT Pad . With their world-class team, mesmerizing website, incredible network of connections, and rock-solid plan of action, Solidus AI Tech is ready to bring its products to market and become an active player in the digital economy! What is Solidus AI Tech? Based in Europe, Solidus AI Tech is an IaaS (infrastructure as a service) company that is solving some of the most prevalent, fundamental issues plaguing the digital economy; namely the demand for computational infrastructure. Building out their own 8,000-square-foot facility to house hardware that has been wired with their proprietary algorithms that improve computational costs and efficiencies. In tandem to the physical infrastructure, they are tapping into their resources to provide a full stack of cutting-edge Web3 infrastructural software solutions including Artificial-Intelligence-as-a-service (AIaaS), Blockchain-as-a-Service (BaaS), High Performance Computing power (HPC), and an Artificial Intelligence marketplace. What does AI Tech Provide? As an infrastructure services company, Solidus AI Tech is providing a suite of four core services that can be used by companies, institutions, and even governments as a foundation to build sustainable digital systems. From metaverse to CBDC to gaming and beyond this is what AI Tech is providing: AIaaS - Artificial-Intelligence-as-a-serviceArtificial intelligence is the frontier of mankind's intellectual flourishing. Considered to be just as, if not more important a technological revolution as was the steam engine, AI has become the building block for new technologies promising to improve the lives of people around the world. Solidus AI Tech has neatly wrapped up a turnkey solution to jumpstart the integrations and implementations of AI into a broad range of applications. BaaS - Blockchain-as-a-serviceBuilding blockchains from scratch is an extremely tedious, long, and resource-intensive (labor and capital) process. Building quality blockchains that can satisfy the security and operational demands of sensitive, high-value operations if even more arduous. Solidus AI Tech is extending its intelligent blockchain designs for any imaginable use case. HPC - High Performance ComputationThe demand for computation continues to grow alongside the world’s population that is coming online and new energy-dependent solutions are introduced into society. Solidus AI Tech provides computation for the most intensive use cases across a multitude of industries. AI MarketplaceThe exchange of automated intelligent processes unlocks an entirely new machine economy that contributes to a potentially entirely new and untapped market segment. Solidus AI Tech will be providing a venue where industrial and individual AI commerce can take place. What are some of AI Tech’s Unique Features? Apart from the four key products that Solidus AI tech provides, there is a mixture of sophisticated novel developments at the design, code, and principle layers of the project that make it stand out from the crowd and supersede all existing solutions attempting to spearhead the enormous, evergreen market segment of Computational Infrastructure. Some of these features include: High Performance Computing Costs reductionNotorious for its insatiable energy demands, HPC is a problem that is looking for solutions beyond just the linear increase of hardware. Solidus AI Tech has developed proprietary algorithms that improve hardware efficiencies by 40% above the benchmark rate of existing industry standards; driving down costs, while increasing efficiency. Eco Friendly Computation IP (Intellectual Property)Going hand-in-hand with its HPC reductions costs, a byproduct of Solidus AI Tech’s focus on optimization has resulted in the creation of innovations granting them intellectual property in the form of algorithmic systems that is much friendly for the environment with its efficient (lowered) consumption of energy and heightened computational capacity. Custom Data CenterSolidus AI Tech has been able to secure a location with some of the lowest-cost energy and highest internet speed internet in all of Europe. With the presence of an in-house data center, Solidus AI Tech is in control of the computational supply chain and has full sovereignty in optimizing its service across every vertical of supply and demand. Built in Bucharest, the facility spans some 8,000 square feet and operates under ISO 14001:2015.Vulnerability MonitoringSecurity, monitoring, and specifically designed firewalls, Solidus AI tech provides a full spectrum of proactive protective measures to ensure the reliability of its systems. Leveraging novel structures of network devices existing without IP or MAC addresses alongside its protocol of automatic vulnerability detection satisfies the most stringent institutional security requirements.Government Enterprise Blockchain SolutionsUtilizing a combination of its software and hardware solutions, Solidus AI Tech is able to service the most demanding use cases while adhering to NATO quality assurance standard. From voting, taxation, land registration, and supply chain traceability to Healthcare and Identity management; the security, flexibility and expertise Solidus AI Tech provides caters to every grade of entity. Solidus AITECH Tokenomics In tune with the forward-looking innovations that are coming out of Solidus AI Tech’s ecosystems, their vision of a decentralized, digital future is underscored with its elegant tokenomics that complement and underpin their system processes. Empowering users of all types with equal access to high quality infrastructure the $AITECH token adheres to inclusive, cost-efficient ideologies. From a payment vehicle for their product licenses, an incentive for creating and publishing quality AI tooling, and membership to the DAO, $AITECH is worth taking a look at: Token Name: AI TechToken Symbol: $AITECHToken Standard: BEP-20Issuing Network: Binance Smart ChainTotal Supply: 2,000,000,000 Moreover, the $AITECH token has adopted the leading practices in deflationary economics by implementing a variable burn program that takes 5%-10% of every transaction used for acquiring platform serves and systematically removes them from circulation; thereby exerting constant pressure on the open market dynamics of the asset. $AITECH IDO on ChainGPT Pad Details Solidus AI Tech has dedicated a portion of its supply for the ChainGPT Pad IDO as follows: IDO Date: 08/21/2023Token Price” $0.012Supply Allocation: 13,333,333.33 $AITECH tokensMax Allocation: $160,000Listing on Exchanges: August 28th, at 10 AM (UTC) More information about the IDO specifications are available in their official listing here. * ChainGPT implements a unique protection mechanism for all IDO participants in the form of a refund policy. After an IDO has been completed, if for any reason participants feel as though they would rather revise their contributions, they have up to 7 days to do so (unless they claim their allocations). For a more in-depth explanation of the ChainGPT Pad refund policy refer to their official article discussing it here. About ChainGPT ChainGPT is the leading provider of AI-powered Infrastructure for the crypto, blockchain, and Web3 industry. The one-stop-shop Crypto AI hub. 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. General Resources:Website | V1 App | ChainGPT Pad | WhitepaperDAO | NFT Generator | Staking | | Blog Community and Social Media: Twitter | Telegram | Discord | Instagram | LinkedIn | Youtube | TikTok Launchpad BD Contact Person(s): Gintare Kairyte / Amid YazdiContact Email(s): [email protected] / [email protected] General BD Contact Person(s): Jake Wallace / Cameron French / Ilan RakhmanovContact Email(s): [email protected] / [email protected] / [email protected] —> To learn more about ChainGPT visit the official ChainGPT.org website —> For all inquiries, please 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.

Given the importance of sovereignty and data today, it is not possible for people to be fully sovereign without entrusting sovereignty over their own data.

Uwerx is a soon-to-launch blockchain-based freelance project that has quickly become the most sought-after project by investors. Since the start of its presale, Uwerx's innovative features have propelled it forward. The project has continued to sell out fast at each presale, leading the developers to increase the token allocations to accommodate more users. This article will examine Uwerx's success and highlight what analysts predict for Cosmos Hub (ATOM) and Gala (GALA). Can Uwerx (WERX) Continue On Its Winning Path? Despite being only two months into its presale, Uwerx has recorded huge wins. These wins have attracted 5,546 signups, 1,620 Twitter followers, and 1,685 Telegram members to the project. Priced at just $0.041/WERX, Uwerx has become a great opportunity for investors to make massive profits in the coin market. The project is gearing up to run a test airdrop which experts believe will further engage Uwerxholders. This test airdrop was voted for by 98.2% of the Uwerx community, and the Uwerx team considers it a means to ensure that users entered the correct Receiving Wallet addresses. Uwerx's presale exceeded everyone's expectations, leading the Uwerx team to modify the project's token allocation. Uwerx now offers 57% of the 750 million total token supply, representing 427,500,000 tokens. The team also increased the project's launch price to $0.095 - $0.115. Uwerx's presale success is primarily due to the agile methodology approach that its developers adopted. It allowed them to release Uwerx in stages while making improvements with time. Committed to serving its community, the Uwerx team locked developers' liquidity for 25 years on June 7, 2023, following 82.8% of the Uwerx community voting for it. Uwerx aims to revolutionize the freelance industry by offering decentralization and low transaction fees at a 1% rate compared to traditional freelance platforms. It will offer transparent pricing, innovative earning opportunities, collaborative tools, and faster transactions. These features have set Uwerx apart and positioned it as the best option in the ever-growing freelancing industry. According to a 2022 Forbes survey, 80% of U.S. employees are attracted to freelancing. This suggests that the freelance market will receive an influx of new freelancers, and Uwerx aims to get a huge share of that market. The Uwerx team also introduced a feature called the Uwerx Vault. This feature allows users to save WERX tokens for a desired period. Additionally, Uwerx has already launched the Alpha Version of its platform, giving users access to some of its key features, including the Landing, Sign-up, Login, Forgot Password, Hiring Dashboard, Freelancer/Client Initiation, The Initial Step of Job Creation and Initial Step of Finding Talent, My Activity, and Job Creation Process pages. The team has announced that they will be launching additional functionalities soon. This has caused excitement among users already anticipating the release of the platform's Beta version. Additionally, the latest news that the team will introduce referral bonuses soon has added to investors' excitement. Uwerx urges users to share their suggestions and recommendations through the dedicated email address [email protected]. This will enable users to contribute to enhancing the platform. Investors Are Unsure If Cosmos Hub (ATOM) Will Rise Again Since 2021, Cosmos Hub (ATOM) has been making considerable progress in the coin market. However, the project has been falling in the last one month. Cosmos Hub (ATOM) is trading at $10.21, representing a -21.51 decline in the past month. The story has been the same for the last seven days as Cosmos Hub (ATOM) declined by -6.79. The main aim of Cosmos Hub (ATOM) is to facilitate faster, cheaper and more scalable transactions. The project focuses on sovereignty and sustainability and facilitates interoperability between blockchains. Cosmos Hub (ATOM) recorded important partnerships last month, notably with Stride. This partnership with Stride saw Cosmos Hub (ATOM) taking home 15% of STRD inflationary staking rewards, 15% of transaction fees and 15% of MEV revenue. As Cosmos Hub (ATOM) enters the second week of June, holders expect more partnerships which could drive the price of Cosmos Hub up. Analysts predict the project will trade at $19.31 by the second quarter of 2024. How Will Gala (GALA) Perform This Month Last month was an eventful one for Gala (GALA). The project released the second version of the GALA token, which brought in more investors. Gala (GALA) also partnered with BitkubAcademy to develop educational content in the Web 3.0 industry. They also conducted the V2 airdrop and burned almost 21 billion GALA (GALA) tokens worth more than $637 million. These moves put investors' minds at ease and renewed their trust in the Gala (GALA) project. Also in May, Gala Games partnered with PokerGo to build a Web3 social poker game. Gala (GALA) holders believe this partnership will lead to more exposure for Gala (GALA). Despite these developments, Gala (GALA) entered the month of June declining in price. The project decreased by -37.8% in the last month. Gala (GALA) trades at $0.028, representing a 4.82% increase in the past 24hrs. Analysts predict the project will reach $0.051 by the second quarter of 2024. This prediction is very little compared to what analysts predict for Uwerx. They are convinced that Uwerx has what it takes to surpass $2.50 by January 2024. As such, many investors are rushing to buy WERX tokens for the low price of $0.05245. Knowing that the project has undergone InterFi Network and SolidProof audits, investors are confident that their funds are safe. You can join the Uwerx presale and enjoy the 15% purchase bonus using the links below: Presale: invest.uwerx.network Telegram: https://t.me/uwerx_network Twitter: https://twitter.com/uwerx_network Website: https://www.uwerx.network 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.

Singapore, Singapore, July 20th, 2023, ChainwireOpenEx Closed Funding Round to build an industry-unique hybrid exchange model that integrates centralization and decentralization, aiming to be the Hybrid,CEX+DEX, where certified partners can act as their own liquidity provider.OpenEx today announced it has its Pre-A close for a valuation of 50 Million USD. The round includes prominent names in the Web3 space, including C² Ventures, Agallochum Capital, TKX Capital,and many other Web3 industry leaders. The new funding will be used to better the trading experience on the products.The downfall of FTX reveals the chronic illness of the industry: many crypto exchanges enter the market to trade and form opposite trades with users leading to the exchange being exposed to huge price risks, rampant insider trading, and imperfect risk controls leading to user security issues such as capital safety.By allowing certified partners to own their decentralized trading pool,autonomy and membership sovereignty is at the forefront. OpenEx’s core principles are neutrality, fairness, and impartiality.With decentralized trading pools, OpenEx will ensure fairness and foster increased participation in the trading ecosystem.“OpenEx is growing at an exponential rate and we look forward to pushing out more fun and innovative products to our supporters,” said Bob Chien, Chief Business Officer of OpenEx, “Given the current market situation, we will soon initiate our trade mining program, where users will be rewarded as they trade.”“Based on the OpenEx infrastructure and ecosystem, important links and participants of traditional financial markets, like brokers, will be able to provide more customized services to users in different regions and with different experience profiles.”stated Chris Lee from TKX Capital.When asked about the future of OpenEx, CEO Jake Stolarski, replies, “We are here to democratize the traditional CEX model, with a focus on user empowerment and freedom, we hope that we can build a beginner-friendly platform that ensures fair transactions and personalized services.”OpenEx has been online for nearly 3 months and already has an active community of over 100,000 monthly active users, with 60,000+ registered users and members respectively. The daily trading volume is approximately around 100 million USD.About OpenExOpenEx is building an industry-unique new-generation hybrid exchange model that integrates centralization and decentralization, attracting diverse market entities through diverse trading modules to maximize liquidity creation and the most efficient pricing.ContactGrowth DirectorDarren [email protected]

The International Monetary Fund (IMF) underscored its views that crypto requires “comprehensive policies to safeguard economies and investors.” The International Monetary Fund (IMF) published a blog recently in which it clarifies that investors and economies will only be adequately protected by comprehensive crypto policies. The IMFs policy suggestion comes amid a global push for clear guidelines for crypto assets under the Indian G20 Presidency. Global Crypto Regulation on G20’s Agenda The collapse of some of the biggest crypto platforms in 2022 highlighted the dire need for establishing clear guidelines and policies for the industry to protect investors against the implications of a mostly unregulated industry. The sheer loss and impact of the implosion of the crypto trading platform FTX and the Terra Luna stablecoin made it clear that the risk of fraud and misconduct could be disastrous for investors without comprehensive safeguards. As such, the Group of 20 Nations (G20) directed its efforts to ensure that appropriate safeguards are put in place. Regulatory bodies such as the Financial Stability Board (FSB) have issued recommendations to develop a global framework for crypto-assets, with further guidance expected from the Bank for International Settlements (BIS). The IMF subsequently made its contribution to establishing such a regulatory framework. Three-Pillared Approach The reality of an evolving financial system is that digitization of currencies and assets is inevitable, and the likelihood of central bank digital currencies (CBDCs) and stablecoins replacing official currencies is increasing. To address the impact of such financial changes on countries’ monetary and fiscal policies, a comprehensive, consistent, and coordinated policy approach to crypto is needed. The IMF assessed the potential macro-financial implications of the widespread adoption of CBDCs and relies on three aspects in its approach to a global regulatory framework. The IMF developed its approach on three key aspects: “a sound macro-policy foundation, clear legal treatment and granular rules, and effective implementation.” The bank developed a few key policy recommendations based on these three pillars. First, protecting against substituting sovereign currencies will depend on maintaining robust, trusted, credible domestic institutions. To address crypto assets’ challenges effectively, “transparent, consistent, and coherent monetary policy frameworks” are imperative. The IMF suggests to protect national sovereignty; crypto assets should not be granted the status of official currency or legal tender. The IMF’s third recommendation addresses the volatility of capital flows associated with crypto. The bank believes policymakers should integrate crypto within their existing regimes and rules for managing capital flows. Doing so will help ensure stability and minimize potential disruptions. The IMF’s final recommendation is tax policies “should ensure unambiguous treatment of crypto assets, and administrators should strengthen compliance efforts.” The IMF argues specific regulations to clarify the tax treatment of crypto are necessary. 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.

"If large stablecoins are linked to some other currency, there is a risk of dollarization," RBI Deputy Governor Rabi Sankar has said.

A recent IMF post was extremely favourable towards countries in Latin America and the Caribbean using central bank digital currencies, while denigrating El Salvador’s adoption of Bitcoin. The post by the International Monetary Fund suggested that Latin American and Caribbean (LAC) countries were making “significant strides in the introduction of central bank digital currencies (CBDCs). It cited the four Latin American countries of Brazil, Argentina, Colombia, and Ecuador, as ranking among the top 20 countries in 2022 for adoption of crypto assets. However, the IMF post chose to go along with the perceived disadvantages of these potential adoptions citing: “crypto asset adoption also presents numerous challenges and risks, particularly for vulnerable LAC countries with a history of macroeconomic instability, low institutional credibility, substantial capital flows, corruption, and extensive informal sectors.” On the subject of adoption, the IMF authors pointed out how the Dominican Republic and Argentina had prohibited the use of crypto assets, citing the concerns of “financial stability, currency and asset substitution, tax evasion, corruption and money laundering”. It was not mentioned that the IMF itself had obliged the Argentinian central bank to insert an anti-crypto clause in its agreement over a recent IMF bailout. The IMF said that it had carried out a survey of government officials in the LAC region and half of them had replied that they were considering retail and wholesale CBDC options. “Most survey participants viewed CBDCs as a means to enhance their payment systems and broaden their access. They deemed financial inclusion and monetary sovereignty as crucial factors in favor of retail CBDC issuance by facilitating the integration of unbanked individuals and curbing currency substitution towards stablecoins or crypto assets.” However, the IMF admitted that CBDC takeup was “slow” for the ECCU and the Bahamas, and stated that it was for this reason that these countries must promote CBDC adoption and raise public awareness of them. Opinion The IMF has a profound belief in fiat currencies, and the dollar in particular. It has spent the last several decades of its existence providing loans to primarily third world countries, thereby enslaving them in yet more debt. For such an organisation crypto assets are anathema, to be prohibited and repressed at any cost, despite acknowledging the obvious advantages that the crypto industry has brought to finance. That El Salvador might be having success with its bitcoin adoption strategy must be making officials at the IMF wring their hands with worry. Should the IMF be successful in urging some of these countries in the LAC region to adopt CBDCs then it can be expected that their citizens will be utterly controlled and enslaved. Hopefully citizens will have the education to reject a CBDC, just as is the case in Nigeria, where only 0.5% of the population are using the eNaira as a transaction option, even in the face of cash shortages. 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.

Uwerx is leading the shift towards decentralized freelancing. It has emerged as a transformative project in the blockchain world, capturing attention with its disruptive vision and groundbreaking approach. Due to the recent surge in demand for WERX tokens, analysts and investors closely examine Uwerx's potential to rival established projects like Filecoin (FIL) and Cosmos Hub (ATOM). This article will highlight why Uwerx's presale is a force to be reckoned with. Uwerx (WERX) Prepares for Beta Version Uwerx stands out for several key reasons. Firstly, its clear vision and focused target market allow it to tailor its platform specifically to the needs of its community, providing a seamless and user-friendly experience. The recently launched Alpha version of the project is drawing increased signups. It includes a Landing Page and a Signup page for users to explore while awaiting other project components. The team will deliver the remaining parts weekly/bi-weekly, taking their time to ensure a smooth deployment process without rushing. The rest of the project will include the User Dashboard, Login Page, Setting functionality, and the Job Posting and Hunting sections. After a while, the team will introduce the Beta version of the project. The Beta version is designed to be a testing ground where users can explore the project’s full functionalities. It will also absorb the Alpha version and all its features. Through a dedicated email address, [email protected], users can leave comments and feedback on their experience using the platform. Its agile methodology approach will ensure smooth deployment. The project has introduced another feature, Vault. This Vault will include storage and reward functionalities. The team is pleased to announce that the developers’ liquidity tokens have been locked. The team devised the token lock, a 25-year insurance policy to safeguard the project from rug pulls and whaling. Although it was initially scheduled to happen after the presale, 82.8% of the community thought it would be best if the team brought the plan closer. Later, the team will announce the process and its entirety. The team will also announce a date for the Uwerx airdrop. The decision for an airdrop was reached by 98.2% of the community through a poll. The airdrop will include all holders on the platform and enable the validation of users receiving wallet addresses. By obtaining audit approvals from SolidProof and interFi, Uwerx aims to continue its journey toward legitimacy and transparency. The developers will give up their smart contract’s right to the project as an act of generosity and maintain a 7% interest. Uwerx wants to provide full community participation for its users and will stop at nothing to offer it. The 15% purchase bonus, benefiting new members, will soon transition to a referral-based reward. Act quickly to secure the bonus and purchase Uwerx at the current price of $0.041. Analysts predict Uwerx to reach $1.672 by Q4 2023 and $2.010 by Q2 2024. Filecoin (FIL) Remains Bearish Filecoin (FIL) is a decentralized protocol that secures data for its users through other users. The network allows users to pay other users to store their data. The network runs two market protocols for effective data transactions. The storage rigs are public and easily verifiable, allowing users to choose their units and customize them based on speed, size, and compatibility. When users offer to store other users' data, they are rewarded with FIL tokens which can be sold on exchanges. Cosmos Hub (ATOM) Could Experience an Upward Trend Cosmos Hub (ATOM) is a decentralized project that aims to create a network where blockchain protocols can interact and share information to increase transaction time and improve scalability. The network’s ecosystem uses the BFT and Tendermint consensus protocols to manage each blockchain correctly. The Hub aims to provide smooth interchain transactions, exchanges, and security. Each blockchain on the Cosmos Hub (ATOM) network maintains its sovereignty and is highly scalable and sustainable. The project’s native token, ATOM, aids the network's staking, governance, and security functions. As Uwerx's presale gains momentum, it seeks to establish itself as a prominent player in the freelance market, challenging the dominance of Filecoin (FIL) and Cosmos Hub (ATOM). You can keep track of Uwerx by following the links below. Website: https://www.uwerx.network Presale: http://invest.uwerx.network Telegram: https://t.me/uwerx_network Twitter: https://twitter.com/uwerx_network 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.

Singapore, Singapore, June 7th, 2023, ChainwireBinaryX today announced their plans to expand into Virtual Reality (VR) and Artificial Intelligence Game Content (AIGC). Building upon their GameFi expertise, BinaryX has reportedly entered into agreements with their VR and AIGC partners, AiGC Labs, to develop a groundbreaking new GameFi genre of AI-based VR games.First AI-Powered Virtual Reality Game on the MetaverseAccording to the team, BinaryX is preparing for the launch of the first-ever VR game which heavily features both VR and AIGC in collaboration with AiGC Labs. The team has not released the full details of the game yet, but has hinted that the game will be set in a character-rich universe, inspired by heroes and characters from East Asian folklore.This comes just after Apple’s official reveal of their VR headset, Apple Vision Pro, during the Worldwide Developers Conference event on June 5.Using ChatGPT and GameGPT for Game DesignThe team revealed that they have been experimenting with ChatGPT and GameGPT to generate engaging gameplay, characters and build compelling narratives for their games. The AI models helped the team to explore and refine ideas for world-building as well, including ideas for environmental layout, challenges, and level design. Besides the AI-powered VR game in collaboration with AiGC Labs, BinaryX has also been working on a separate AI-powered game that will be released sometime this year."We are incredibly excited to unveil our latest venture into VR and AIGC technologies," said Rudy, Head of Growth at BinaryX. "This is a significant milestone for our companies as we continue to push the boundaries of innovation in the Web3 gaming industry. Together with our partners, our team has poured talent and dedication into creating a game that will redefine the gaming experience and captivate players like never before. We’re excited to reveal the game to our players soon."The game is currently still under development and more details about the official release will be shared on their social media.About BinaryXBinaryX is a GameFi and IGO platform, and the force behind popular blockchain games such as CyberChess, CyberDragon, and CyberLand. These games run on the BNB Chain.Aside from developing games, BinaryX has now evolved into a full-fledged GameFi platform by offering Initial Game Offering (IGO) services, giving game developers the opportunity to launch their GameFi projects on their platform, and for users to get early access to innovative new games.As one of the top 10 projects on the BNB Chain, BinaryX has a vast community of more than 100k coin holders and 30K monthly active wallets. It is also one of the top few metaverse projects by trading volume on the BNB chain, with more than 200 million in market cap. BinaryX also has a token, $BNX, that has consistently demonstrated strong performance despite the bear market.For more details and information about BinaryX, please visitOfficial website | Medium | Discord | Telegram | TwitterCheck out BinaryX's games on their website and on [email protected]

The parent company behind Web3 game STEPN is releasing GNT V3, which will allow users to turn their selfies into digital artworks on the Solana blockchain.

Zug, Switzerland, May 24th, 2023, ChainwireTulipart.com is a collection of 10,000 unique tulip NFTs. Over a period of 7 years, 4 Tulip NFTs will be minted every day until the goal of 10,000 is reached. Each Tulip NFT consists of six different components, which range from common to exclusive, making them more or less rare.New Tulip NFTs aren't available for direct purchase; they are solely distributed to $LAND token holders via a lottery system. Participation involves holding and staking $LAND tokens. Staking a higher amount of $LAND tokens elevates the chances of acquiring a Tulip NFT each day.$LAND tokens may be procured at no cost via the ongoing airdrop at Tulipart.com. Any Ethereum address holder can verify their participation eligibility. Ineligibility for the airdrop doesn't impede the opportunity to procure $LAND on Uniswap, effectively enhancing the probability of winning a Tulip NFT.About TulipartTulipart.com is a cutting-edge platform fostering the innovation and creativity within the cryptocurrency and NFT landscapes. Based in Zug, Switzerland, a global hub for blockchain technology, Tulipart.com is the epicenter of a unique collection of 10,000 one-of-a-kind tulip NFTs, set to be minted over a period of seven years.Those interested can visit Tulipart.com to claim their $LAND tokens, stake them, and win a Tulip NFT.Tulipart website: www.tulipart.comAirdrop page: https://www.airdrop.com/tulipOpensea: https://opensea.io/collection/tulipart-1Discord: https://discord.gg/h3xzdcHReNTelegram: https://t.me/tulipartTulipart logo: https://bit.ly/3GnTiifContactMarketingGiorgio MinguzziTulip Art [email protected]+393472620489

Governor Ron DeSantis of Florida has made promises to protect the world of digital assets, while simultaneously dismantling the concept of a central bank digital currency (CBDC). Protecting Crypto: A Pillar of DeSantis' Agenda Governor DeSantis has emerged as an important voice for the crypto industry, and much more so now that he has thrown his hat into the ring as a Republican candidate for 2024. He has said that he is committed to protecting the rights of crypto holders and has pledged to encourage a regulatory framework that promotes innovation. Unlike many others in the US political arena, DeSantis understands the immense value crypto brings to the table. By fostering collaboration between the government and the crypto industry, he aims to position Florida as a global hub for blockchain technology, attracting investment and nurturing a flourishing ecosystem. The Demise of CBDC: DeSantis' Radical Stance Central bank digital currencies (CBDCs) have been a topic of fervent discussion within the crypto sphere. While several countries are looking into developing their own CBDCs, Governor DeSantis has taken a firm stance against them. He believes that such centralised control over digital currencies contradicts the fundamental principles of decentralisation and poses a grave threat to individual privacy and financial sovereignty. DeSantis argues that the adoption of CBDCs would grant governments excessive power, enabling them to monitor citizens' financial transactions with unprecedented scrutiny. To counter this potential encroachment on personal liberties, he is determined to dismantle any attempts at introducing a CBDC within Florida's borders. Bitcoin's Fate Under Biden: A Warning of Impending Doom? As the political landscape continues to evolve, Governor DeSantis has expressed concerns over the future of Bitcoin under President Biden's administration. Citing potential regulatory hurdles and increased government intervention, DeSantis warns of a bleak outlook for the flagship cryptocurrency if Biden secures a second term. While some may view this prediction as politically motivated, DeSantis insists that it stems from a genuine apprehension for the principles that underpin Bitcoin's success. He emphasises the importance of preserving the decentralised nature of cryptocurrencies and argues that excessive regulation could stifle innovation and hinder the industry's potential to empower individuals worldwide. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.