Harmony(ONE)

The banking crisis is a catalyst for the next crypto bull run, in which Bitcoin will likely outperform all crypto assets, says Bloomberg analyst Mike McGlone.

Someone is trying to cash out bitcoin from an exchange that has been inactive since the U.S. shut it down in 2017.

The biggest threat from the banking crisis triggered by this month’s collapse of Silicon Valley Bank might not lie in the potential for depositors to lose their savings but in the censorship power that massive banks are now accumulating as customers move their money.

Interbank cooperative SWIFT announced the successful completion of its blockchain-based solution to reduce the costs associated with corporate actions. The Society for Worldwide Interbank Financial Telecommunications (SWIFT) announced that it successfully concluded an experimental solution to reduce the costly frictions associated with corporate actions. In partnership with 6 leading securities players, including @AmericanCentury, @Citi & @NorthernTrust, we've successfully trialled an innovative #blockchain solution to reduce costs & frictions in corporate actions. Check out the pilot results & next steps: https://t.co/8PFjKaNZo0 pic.twitter.com/kYO9koXLlN — Swift (@swiftcommunity) March 23, 2023 Together with six leading securities industry participants, including Citi, Northern Trust and American Century Investments, SWIFT completed a pilot of a blockchain-based solution that could reduce the costs associated with communicating significant corporate events to investors. The cooperative said that its solution could benefit the industry and provide a “clear and consistent” view of the corporate action process throughout the investor ecosystem, along with quickly providing alerts when changes or updates occur. SWIFT Completes Blockchain Solution to Reduce the Costs Associated with Corporate Actions When publicly traded companies share news of corporate actions with their investors, they depend on manual processes. The manual process of relaying this information often results in recipients receiving inaccurate or missing data. To address this issue, SWIFT partnered with Symbiont’s blockchain platform to automate and boost the accuracy of corporate action workflows. Jonathan Ehrenfeld, Securities Strategy Director at SWIFT, said: “Our analysis found that asset managers often receive notifications from up to 100 different sources about the same corporate event, and the data is often different or contradictory from one source to another.” Adding, “This means asset managers need to manually comb through the different sources to gain a single view of the event before they can make necessary decisions.” The program involved participants providing data extracts from corporate actions, which SWIFT’s Translator tool converted into a blockchain-system readable format. The data was then uploaded onto a dedicated platform developed for the pilot. The six participants performed peer-to-peer event comparisons with smart contracts matching common data fields and flagging unmatched data. A single accurate “shared copy” was created with composite data about a specific corporate action. Tom Zschach, Chief Innovation Officer at Swift, explained: Our experiments harnessed the power of blockchain technology to give all market participants a single, accurate view of a corporate action event. Could Ripple Be Involved? When news initially broke that SWIFT would pilot a blockchain-based cost-saving solution in partnership with Symbiont, the idea that Ripple may be involved was mentioned. The idea was fuelled by a 2015 press release announcing that Symbiont created a Ripple Gateway for Counterparty. The Ripple Gateway allows users to send XCP, Counterparty’s native token, or any other Counterparty asset. Mark Smith, CEO of Symbiont, said at the time: By being a member of the Ripple network, one may potentially become part of other users' trust networks'. Such trust networks guarantee, first of all, that one only does business with those whom one has explicitly chosen; and further, may allow you to exchange a wide range of currencies, including fiat. Users of Symbiont's gateway will naturally benefit from the trust networks Symbiont joins. The development of this gateway demonstrates Symbiont's development team's ability to work with any distributed ledger technology. Although Ripple purports to eventually replace cross-border settlements and payments such as SWIFT-based bank transfers and Western Union payments, we might see a partnership soon arise. As SWIFT finally embraces the power of blockchain technology, it would be plausible to think that it might collaborate with an established cross-border payment solution such as Ripple. 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.

Less than a year after Three Arrows Capital imploded along with $2.5 billion of its clients' money, the hedge fund's founders Su Zhu and Kyle Davies are back on the scene with what appears, to their credit, to be an impressive bankruptcy exchange, but is it too soon?

Bitcoin has swept the globe and established itself as a well-liked investment choice for many people. Due mainly to the success of Bitcoin and Ethereum, the cryptocurrency industry has recently seen a rise in popularity. Investors have, however, been interested in more than that. Dogecoin, a cryptocurrency with meme inspiration, has gained popularity in the cryptocurrency space, and its success has led investors to search for other investment opportunities. Five alternatives to Dogecoin are examined in this article: DigiToads (TOADS), Tamadoge (TAMA), Dogelon Mars (ELON), Baby Dogecoin (BABYDOGE), and Shiba Inu (SHIB). DigiToads (TOADS) DigiToads, often known as TOADS, is a cryptocurrency that has recently attracted the interest of several traders and investors. It was introduced as a play-to-earn meme coin in early 2023, and its presale has shown great promise. The unique notion of DigiToads is one of the distinguishing qualities that sets it different from other cryptocurrencies. It is intended to be a platform driven by the community and pays users for their involvement. Users may earn TOADS tokens by participating in various platform activities, including playing games, on-chain trading competitions, TOAD school, meme contests, and staking. The presale will include $150,000 worth of giveaways, encouraging the new members to join the community and increase their reward chances. The restricted quantity of DigiToads is another aspect that makes it a desirable investment option. Just 585 million TOADS tokens will ever be produced, with an automated burning mechanism reducing the number further. This deflationary model distinguishes TOADS from Dogecoin, whose unlimited supply has been a major factor restricting the token from rising in value. Overall, DigiToads is an ultimate alternative for DOGE with its generous utility, real use cases, and smart tokenomics. With an already audited smart contract and doxxed team, the project is expected to reach the moon. Visit The DigiToads Website: https://digitoads.world Tamadoge (TAMA) Tamadoge (TAMA) is a wildly successful meme currency with an intriguing roadmap. Tamadoge was first introduced to the market in 2021, and with its fascinating combination of NFTs and Play-to-Earn (P2E) principles, it quickly gained attention. The main factor contributing to TAMA's success is its innovative use case. TAMA is designed to be used in a decentralized game called Tamadoge, a play-to-earn game that allows players to earn TAMA tokens by completing various tasks and challenges. This concept has proven popular with gamers and has helped drive demand for the TAMA token. Another main feature of TAMA is its strong community. The team behind TAMA has made a strong effort to create a welcoming and inclusive community focused on the project's long-term success. This has helped to create a loyal following of investors who believe in the project's potential. Tamadoge's popularity has been strengthened even further due to the publication of the "Tamadoge Arcade," which currently has three games. The Tamadoge team is also preparing for the much-anticipated augmented reality (AR) app launch with a Tamadoge theme. With the use of this software, users can observe and communicate with their Tamadoge dogs in the real world and even engage in competitive combat. Dogelon Mars (ELON) Dogelon Mars (ELON) is a relatively new cryptocurrency that has gained much attention recently. The name itself is a nod to Elon Musk, the famous CEO of Tesla and SpaceX, who has been known to tweet about various cryptocurrencies, including Dogecoin. Dogelon Mars is a decentralized finance (DeFi) project that operates on the Ethereum blockchain. It was created by a group of anonymous developers who were inspired by the success of other meme-based cryptocurrencies like Dogecoin. Future Mars and beyond colonists will be able to use ELON tokens as an "intergalactic currency," according to the token's developers. However, no whitepaper or detailed roadmap has been published by the project team yet. Official Dogelon Mars lore states that the project's most crucial plans will be unveiled upon Mars's re-colonization in 2420. The project's narrative motivates the ELON crypto community to campaign for the token's inclusion on major exchanges and to keep their heads up in the face of the market's volatility. Developers of Dogelon Mars have also announced plans to release a new staking feature that will allow users to stake their ELON tokens in exchange for xELON. This multifunctional token is said to offer exciting new incentives for the Dogelon Mars decentralized finance (DeFi) ecosystem. In addition to the hazy plans that Dogelon Mars has for expanding to other planets, the project has also started publishing a comic series on its website centered around Dogelon. Baby Dogecoin (BABYDOGE) Baby Doge is a digital token developed by the Dogecoin community. According to the website, Baby Doge tries to win over his dad with lightning-fast transactions and cuteness. Baby Dogecoin is a hyper-deflationary token created to increase in value as time passes. However, unlike other crypto projects' burning mechanisms, in baby doge's case, every time a user makes a purchase, they receive a new coin in their wallet. Some of those coins are also added to the decentralized exchange PancakeSwap as part of a liquidity pair. Charity organizations also benefit from redistribution. The website for baby doge coin claims that its creators have given over $750,000 to dog-related organizations like the Humane Society, the ASPCA, Paws with Cause, the North Shore Animal League, and others. About 115.114 quadrillion baby doge in circulation from 420 quadrillions can ever be created. Despite claims that one doge baby is hyper-deflationary, the total supply is still quite large and could have dire consequences during bear markets. The developers of Baby Doge Coin say the token is a fun meme with a serious mission to rescue dogs in need and bring crypto adoption to the mainstream with new concepts like rewards, NFTs, decentralized exchanges, and credit cards for crypto payment on our website. However, there is currently a limited practical application for the coin. Nonetheless, support from the community continues to be high, and the deflationary mechanism provides a real solution to the problem that father Dogecoin had been facing for so long. Shiba Inu (SHIB) A person going by the moniker "Ryoshi" invented the Ethereum-based cryptocurrency known as Shiba Inu (SHIB) in August 2020. The Shiba Inu dog breed, which became renowned as an online joke, served as the model for the coin's name and graphic. SHIB has developed into a genuine cryptocurrency with a committed community of investors and supporters, despite its roots as a joke. SHIB's emphasis on fostering community is one of its key characteristics. To encourage its users to interact with the platform and with one another, the project has started several projects. For instance, it developed ShibaSwap, a decentralized exchange that enables users to trade SHIB and other cryptocurrencies without depending on centralized exchanges. Shiba Gallery, a non-fungible token (NFT) marketplace developed by the project, enables artists to display and sell their creations using SHIB. The tokenomics of SHIB is another important aspect. As there are one quadrillion tokens in the coin's total supply, there is a lot of liquidity accessible for investors. However, the project's team has also taken several steps to guard against the currency suffering undue inflation. For instance, they burnt half of the SHIB token supply, reducing the number of tokens in circulation and raising the value of each token as a result. Despite just being recently launched, SHIB already has a sizable fanbase. The coin's market valuation has surpassed $6 billion and is listed on some significant exchanges, including Binance, KuCoin, OKX, Huobi Global, and Kraken. Bottom Line Dogecoin continues to be a well-liked option among cryptocurrency investors and fans, but there are a ton of other choices available for individuals looking to diversify their portfolios or discover the next big thing in the crypto industry. All of these digital currencies—DigiToads (TOAD), Tamadoge (TAMA), Dogelon Mars (ELON), Baby DogeCoin, and Shiba Inu (SHIB)—offer distinctive characteristics and potential for growth. As cryptocurrencies are still expanding and becoming more widely used, it's impossible to predict which altcoin will have a price explosion shortly. Still, these five Dogecoin alternatives are worth keeping an eye on. For More Information on DigiToads visit the website, join the presale or join the community 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 more than $2 billion in trading volume in the first 24 hours, the $ARB token has finally dropped onto exchanges after a turbulent launch. Issues and volatility at launch The most keenly anticipated token launch for many years has just taken place. With Arbitrum becoming one of the most used layer 2 blockchains for scaling on Ethereum, the launch of its token was always going to be a huge event. After initial issues, namely that those eligible for the $ARB airdrop couldn’t claim their tokens straight away given that the Arbitrum landing page crashed under the deluge of would-be claimants However, once exchanges started trading the token the expected extreme volatility ensued. Coinmarketcap had the $ARB token start trading at more than $11, but then some intense fluctuations followed, and the token began to make its way down to a far more reasonable valuation of between $1 to $2 dollars. At time of writing, $ARB is trading at $1.42 on Coinmarketcap, $1.49 on Binance, and $1.41 on Kucoin. Expect this Arbitrum arbitrage gap to close as trading becomes more settled. Crypto profits from bank nerves Elsewhere in the crypto ecosystem things are generally muted and to the downside. Bitcoin remains strong at above $28,000. At less than 1% down on the day the king of the cryptocurrencies is perhaps gathering itself ready for another move upward. After the recent bank scares and with the way central banks printed currency with abandon in order to prop the system up, many are looking to assets outside of the banking system with which to hedge their wealth. Some obvious candidates here are Bitcoin, crypto, and precious metals. Gold is just under $2,000, and silver is motoring at $23.37 an ounce so far today. Bitcoin dominance Crypto is perhaps more of a speculative play right now, as bitcoin dominance is definitely in the ascendency. However, for those looking at bitcoin possibly pulling back in dominance as it reaches 48%, a possible short term altcoin surge could be on the cards. The ETH/BTC pair could perhaps turn around now, given that $ETH has dropped more than 11% against $BTC over the last couple of weeks. Also, with the April 12 Shanghai hard fork looming into view, expect $ETH to perhaps start gaining strength going into this major event. 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.

[PRESS RELEASE – Denmark, Copenhagen, 24th March 2023] Narwhal Finance Secures $1M in Seed Funding Led by Animoca Ventures Narwhal Finance, the decentralized cross-market perpetual trading platform built on BNB Chain and Arbitrum, announced a $1 million seed round funding led by Animoca Ventures, with participation from Hailstone Ventures and various angel investors. Narwhal Finance […]

Los Angeles, California, 24th March, 2023, ChainwireDeSo, the decentralized social media blockchain, has introduced a groundbreaking Proof-of-Stake (PoS) system, setting a new standard for the industry. This innovative technology promises to revolutionize and build upon the successes of previous Proof-of-Stake systems, providing greater energy efficiency and security while making its native currency, $DESO, deflationary.Implementing this new Proof-of-Stake system marks a significant milestone for the DeSo Blockchain, a new layer-1 that raised $200 million from Sequoia, Andreessen Horowitz, Coinbase Ventures, and more.DeSo's state-of-the-art system combines and refines all of the best elements of earlier PoS systems, including Tendermint, HotStuff, DiemBFT, Ethereum, Solana, Avalanche, and Flow.It was aptly named "Revolution" because of its revolutionary new features that build on the successes of previous mechanisms of other leading layer-1 blockchains. One of the most exciting new features is a new concept called Revolt."Revolution represents a major breakthrough in the blockchain industry. Our new concept, Revolt, not only makes Revolution one of the most censorship-resistant systems in existence but also addresses a major issue with existing smart-contract systems - miner-extractable value,'" said Nader Al-Naji, founder of DeSo.Nader Al-Naji added, "We're excited to introduce roughly a dozen distinct breakthroughs over existing proof-of-stake mechanisms with Revolution. These breakthroughs are arguably worthy of their own distinct academic paper." Al-Naji's statement highlights the significant advancements that Revolution has made and its potential to drive innovation in the blockchain space.Like the Ethereum PoS system, DeSo's Revolution PoS requires validator nodes to lock up a deposit of $DESO on the network to participate in consensus. Using crypto as collateral compels the nodes to behave appropriately and helps keep the network secure.Other exciting features include:Maximum deflation, where transaction fees are burned to the maximum extent possible, making $DESO deflationary.Revolution Rule, which automatically times out leaders that are censoring the mempool transactions.Sovereign staking, where users only need to lock their $DESO for roughly three hours, significantly improving security.The white paper has yet to be released but will be very soon. Users can read more about DeSo's Revolution Proof-of-Stake here.Exciting times lie ahead for the decentralized social media blockchain as it gears up to release a series of groundbreaking innovations on top of Revolution Proof-of-Stake.DeSo is changing how we interact with social media with upcoming launches such as DeSo Drive and The Decentralized Web. DeSo Drive provides users with a faster, cheaper, and more secure alternative to Google Drive, while The Decentralized Web lays the foundation for a fully-decentralized internet that is accessible to everyone.These innovations embody DeSo's bold new vision for the future of social media and the internet."As a team, we remain focused on our mission to move away from a world where a handful of megacorps control our information," said Nader Al-Naji, founder of the DeSo blockchain. Nader Al-Naji added, "With the launch of Revolution, DeSo Drive, the Decentralized Web, and our other upcoming launches, we're not just building a better blockchain. We're building a technological foundation that we believe will ultimately replace the current platform monopolies that custody all of our sensitive data today." Al-Naji's statement emphasizes the long-term vision of the DeSo team to create a more decentralized and user-centric future for the internet.This is just the latest in a string of successes for DeSo that recently saw them launch MegaSwap, which allows instant, cross-chain swaps for Bitcoin, Ethereum, Solana, USDC, and soon to be many more currencies.Additionally, DeSo just went live with Openfund, a breakthrough fundraising platform that allows entrepreneurs to launch tradeable coin-backed fundraising rounds open to anyone in the world. Users can learn more about DeSo and claim their decentralized, censorship-resistant profile here.About DesoDeSo is a new layer-1 blockchain built from the ground up to decentralize social media and scale storage-heavy applications to billions of users. It raised $200 million and is backed by Sequoia, Andreessen Horowitz, Coinbase Ventures, Social Capital, Polychain Capital, Winklevoss Capital, Pantera, and other blue chip funds.ContactGrowth Marketing LeadAsh GhaemiDeSo [email protected]

Bitcoin continued to trade sideways Friday, seesawing in the $28,000 zone after a strong uplift last week.

After being served with a Wells notice by the U.S. Securities and Exchange Commission, the crypto platform released a public statement calling out the regulator for being “unreasonable.” Coinbase Issued “Unfair” Wells Notice On Wednesday, Coinbase responded to the SEC’s “Wells notice” with a public statement, calling out the regulator’s “unfair and unreasonable” approach towards the crypto platform and its operations. The team expresses deep disappointment, claiming it was served the “Wells notice” over an unspecified portion of its listed digital assets, its staking service Coinbase Earn, Coinbase Prime, and Coinbase Wallet. It also accuses the SEC of serving notice after the most minimal, cursory investigation. The team wrote, “We continue to think rulemaking and legislation are better tools for defining the law for our industry than enforcement actions. But if necessary, we welcome the opportunity for Coinbase and the broader crypto community to get clarity in court.” What Is A Wells Notice? For those unaware, a Wells notice is issued by the SEC staff to a company that the regulatory body has been recommended to take enforcement action against a company for possibly violating securities laws. Although it does not represent a formal charge or a lawsuit, in many cases, it can lead to one. It is basically the SEC giving a warning to a particular company that the latter is under strict scrutiny and could be taken to court. SEC Butting Head With Coinbase The Coinbase team reacted to the news by announcing that it would not affect their current products and services, which will continue operating as usual. They have also expressed disappointment that the Wells notice did not provide any specific information about the potential violations of securities law. The team also claims that it had proposed multiple registration options to the SEC across months, which the latter did not respond to. The Coinbase statement also notes that it had asked the SEC to identify the specific assets the latter believed to be securities. However, beyond claiming that it has identified some securities violations on the platform, the SEC has refused to reveal further clarification. Judges Against SEC The Coinbase statement also includes a quote from Federal Bankruptcy Judge Michael Wiles, who had called out the regulators over the ongoing Voyager case. The judge had said, “Regulators themselves cannot seem to agree as to whether cryptocurrencies are commodities that may be subject to regulation by the CFTC, or whether they are securities […] subject to securities laws, or neither, or even on what criteria should be applied in making the decision. This uncertainty has persisted despite the fact that cryptocurrency exchanges have been around for a number of years.” Even Judge Analisa Torres, who is presiding over the SEC’s case against Ripple Labs, has reportedly ruled against multiple motions set forth by the regulatory body. Experts believe that the SEC’s claims that XRP is a security hold no ground and will be disproved in the court's final ruling. 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.

Now that you have dived into the world of blockchain and its virtual asset and got some experience, we recommend it's time you do some staking! In a nutshell, participants with the largest number of tokens have a higher chance of being selected to validate transactions in a Proof of Stake (PoS) network. Stake pools are a medium that help crypto holders with smaller stakes participate in staking that will increase the likelihood of getting rewards. Today, we have summarized the best crypto staking pools available in the market for your ease. Let’s take a look at our top five recommendations: Everstake Supported cryptocurrencies:37 different coins and tokens. APY:Depends on the cryptocurrency. Lock-up period:Depends on the cryptocurrency. Payout frequency:Depends on the cryptocurrency. Type:Non-custodial. Additional rewards:No. Minimum/maximum staking amount:Depends on the cryptocurrency. Everstake is a responsible validator that claims to be trusted by 625k+ users across 70+ blockchain networks. The platform, currently running over 8,000 nodes, creates liquid staking products. As a non-custodial solution, users can stake directly from their respective crypto wallets. Whether you are an institutional investor or an individual token holder, you can get 5% - 20% profit annually by staking with Everstake, with transparency of rewards. P2P Supported cryptocurrencies:26 different cryptocurrencies. APY:between 4% and 50%. Lock-up period:Depends on the cryptocurrency. Payout frequency:Depends on the cryptocurrency. Type:non-custodial. Additional rewards:No. Minimum/maximum staking amount:Depends on the cryptocurrency. P2P provides secure non-custodialstaking servicesfor professional investors, allowing token holders to participate in staking without the heavy lifting of running a node. The platform has grown to manage +$1.5 billion in staked assets across more than 25,000 investors and 25+ unique blockchain networks. Stake ETH, DOT, SOL, ATOM, XTZ, ADA and all key tokens with P2P. With an average uptime of 99%, P2P ensures that your rewards are generated continuously whilst mitigating performance-related risks. LYOTRADE Supported cryptocurrencies:LYO Credit (LYO) and USDT. APY:24% to 50% Lock-up period:Depends on the cryptocurrency, but ranges from 360 days to 720 days. Payout frequency:Depends on the lock-up period. Type:Centralized, with DEX Swap feature. Additional rewards:The LYO Credit token earns rewards through inflation, or community rewards, versus staking. With inflation, new tokens are added to the network at a rate determined by the protocol, and those tokens are then distributed to holders as rewards. Minimum/maximum staking amount:Depends on the cryptocurrency. LYOTRADE is a centralized cryptocurrency exchange that offers a high liquidity system connected to 300 exchanges, and about 30 risk control mechanisms along with offering DEX Swap service. LYO Credit (LYO) staking up to 50% yearly, and Tether (USDT) up to 24% yearly. When you stake LYO Credit on LYOTRADE, you can get anannual interest rate that starts from 1.5% to 36%, making it one of the preferable choices of tokens to select from for your skating experience. Kraken Supported cryptocurrencies:16 different cryptocurrencies, includingUSDTand all major coins. APY:Depending on the cryptocurrency between 2% for stablecoins and 23% for altcoins. Lock-up period:Depends on the cryptocurrency. Payout frequency:Twice a week. Type:Custodial. Additional rewards:No. Minimum/maximum staking amount:Depends on the cryptocurrency. Kraken is a United States–based cryptocurrency exchange, with over 30 different cryptocurrencies and seven different fiat currencies available for trading. At Kraken, you can earn up to 24%yearly on your crypto. With a wide range of supported assets, you can receive staking rewards up to twice a week, even on Bitcoin. Kraken is acustodialstaking solution, which means that the exchange will be in control of your private key while it is staking your coins. Binance Supported cryptocurrencies:Over 120 different cryptocurrencies. APY:Depending on the cryptocurrency. Lock-up period:Between 15 and 120 days. Payout frequency:Daily. Type:Custodial. Additional rewards:No. Minimum/maximum staking amount:Depends on the cryptocurrency. Binance is the world’s biggest cryptocurrency exchange and the biggest provider of custodial staking solutions. Binance DeFi Staking acts on behalf of users to participate in certain DeFi products, obtains and distributes realized earnings, and helps users to participate in DeFi products with a single click. The platform allows users to obtain generous online rewards without keeping an on-chain wallet. Binance Staking deposits users’ funds into smart contracts on users’ behalf, saving users on-chain gas fees. 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.

Denmark, Copenhagen, 24th March, 2023, ChainwireNarwhal Finance Secures $1M in Seed Funding Led by Animoca VenturesNarwhal Finance, the decentralized cross-market perpetual trading platform built on BNB Chain and Arbitrum, announced a $1 million seed round funding led by Animoca Ventures, with participation from Hailstone Ventures and various angel investors.Narwhal Finance empowers users to engage in leveraged trading across an extensive array of pairs, including crypto, forex, indexes, and stocks, with leverages up to 1000x. Through its copy trading function, users can seamlessly follow top traders, earn substantial profits even with limited market knowledge, and enjoy an exceptional trading experience.With the vision of becoming the #1 decentralized cross-market trading platform, Narwhal Finance combines the best of DEX experience and social trading to offer users full transparency, confidence, and an effortless trading experience."We are thrilled to have received such strong support from our investors in this seed funding round,” said Coco, Lead Developer of Narwhal Finance. “This funding will enable us to execute our vision of providing an exceptional decentralized leveraged trading platform accessible to all. We are grateful for the opportunity to bring our innovative solution to the market and are excited for what the future holds."As a leading investor in the blockchain industry, Animoca Ventures recognizes Narwhal's potential to disrupt the decentralized perpetual space. "We are excited to support Narwhal Finance's journey to revolutionize decentralized leveraged trading," said James Ho, Head of Animoca Ventures. "We believe that the team's expertise, combined with the platform's innovative technology, can potentially disrupt the decentralized perpetual trading space. We see tremendous potential in this partnership and look forward to supporting Narwhal Finance as it grows and innovates."About Narwhal FinanceNarwhal Finance is a cross-market decentralized perpetual exchange that offers a unique solution for social trading by enabling leveraged trading of all asset classes through synthetic assets. Liquidity providers on Narwhal earn a yield from trading fees and top traders' performance, making it a profitable opportunity for all parties involved.For more information or media inquiries, please contact [email protected] [email protected]

Integration into Arbitrum’s wider DeFi system could provide some new impetus for bullish sentiment for ARB tokens, one exchange executive said.

[PRESS RELEASE – Calgary, Alberta, 24th March 2023] Toshi Tools, an all-in-one crypto information app, is launching to provide crypto traders with the tools they need to succeed. An intuitive design and suite of unique features will empower users to navigate the complex world of cryptocurrency markets. The first recipients of the Toshi Tools app […]

Zipmex was one of the first rescues in Asia as many crypto firms slid into bankruptcy due to the market turbulence last year.

[PRESS RELEASE – London, United Kingdom, 23rd March 2023] StormGain, the all-in-one crypto platform, has announced the launch of StormGain DEX, a new platform for decentralized trading. Following several weeks of successful trials, the DEX has exited beta and is open to the public. StormGain DEX supports decentralized trading of digital assets with no custodial […]

[PRESS RELEASE – London, United Kingdom, 22nd March 2023] attle of Olympus, an arcade street fighting game, is set to launch the first phase of its presale for its in-game currency, $GODLY, on Arbitrum on Monday, March 27. Battle of Olympus stands alone as one of the few Web3 games with a fully working demo, […]

The next main catalyst for the sector is the reward halving in early 2024, the report said.

One wallet received $2 million in ARB while another collected around $1.38 million worth of tokens.

SEC Chairman Gensler is urging investor caution when dealing with crypto asset ‘securities’. No mention of what to do if your bank fails is given. Fresh on the heels of serving a Wells Notice for potential enforcement action on Coinbase, Gary Gensler, chairman of the Securities and Exchange Commission (SEC), has published an Investor Alert on the Investor.gov website with the title: “Exercise Caution with Crypto Asset Securities”. Volatile and speculative Full-on war is now declared between the SEC and the entire cryptocurrency sector. The one voice of reason in the SEC is Hestor Peirce, who has continually voiced her dissent at how the SEC is regulating crypto by enforcement. However, outnumbered 4 to 1, Commissioner Peirce is powerless to change how the SEC is acting. The Investor Alert published by the SEC gives the usual warnings that crypto is “volatile” and “speculative” and that these ‘securities’ may not have full protections for investors and that they should know that they can lose their money “entirely”. Yet again, the Alert runs that no company can offer or sell securities unless it first registers the offering with the SEC. However, history tells us that the registration process for crypto companies just isn’t there, and that any crypto company that tries to register is likely to be sent away with a notice to be sued. Crypto is a grown-up asset class The crypto industry is not a tin pot bunch of companies looking to scam investors out of their savings. It is an extremely cultured and skilled collection of tech professionals who inhabit a tech space with a market cap of more than $1 trillion dollars. Investors want to come into this space. They are losing their purchasing power drastically as the Federal Reserve continues to print dollar fiat currency to back stop the banks. There is nothing for the common investor in the legacy financial system. Being forced out of crypto and having to keep your wealth in the bank is just not an option. Bitcoin is an option, and the SEC’s refusal to grant a Bitcoin ETF is denying U.S. citizens and institutions a regulated and protected way of gaining exposure to a scarce asset that will hedge them against bank failures. Investors need hedge against bank failure The SEC Investor Alert article contains the following: “Investors who deposit funds or crypto assets with a crypto asset securities entity might cease to have legal ownership of those assets and might not be able to get those assets back when they want to.” Isn’t this exactly the case with depositors money at the banks? Not many people are aware that the banks have legal ownership of their money once it is deposited. They have the full right to do whatever they want with it, and if the bank fails, it is granted the right to bail-in depositors, just as in the case with the Cyprus bail-ins. The main difference here is that if a bank fails, the Federal Reserve can just print as much currency as it needs in order to keep that bank afloat. The infantile claim that this extra printed currency doesn’t cost the taxpayer anything is just a lie. All the billions and trillions that are printed are just diluting the money supply even more, adding to inflation, and vastly reducing the purchasing power of the currency. Hester Peirce called her own agency “lazy and paternalistic”. With full knowledge of what is happening to investors and flat-out refusing to do anything about it, another adjective should be added to the list… evil. 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 Todays Headline TV CryptoDaily News: Metaverse NFT trading volume hit new all-time high. Non-fungible token trading increased across virtual worlds in the first quarter of 2023, totaling $311 million so far this year. Virtual land trading reached an all-time high this past quarter with 147,000 trades. Bitcoin inches towards $28K. Bitcoin gradually moved to just under $28,000 as traders digested the quarter-point interest rate raise by U.S. Federal Open Market Committee, in line with expectations. Stablecoin issuer MakerDAO votes to retain USDC as primary reserve. The MakerDAO community favored keeping the USDC stablecoin as the primary reserve asset for its DAI stablecoin, the protocol’s governance site showed. 79% of participants backed the decision in a ranked-choice vote, with the rest preferring to diversify the reserves. BTC/USD skyrocketed 3.2% in the last session. The Bitcoin-Dollar pair rose 3.2% in the last session after gaining as much as 5.4% during the session. The Ultimate Oscillator's positive signal is in line with the overall technical analysis. Support is at 25372.3333 and resistance at 29758.3333. The Ultimate Oscillator is currently in the positive zone. ETH/USD skyrocketed 4.3% in the last session. The Ethereum-Dollar pair skyrocketed 4.3% in the last session. The RSI is giving a positive signal, which matches our overall technical analysis. Support is at 1647.1133 and resistance at 1862.0933. The RSI is currently in the positive zone. XRP/USD exploded 5.1% in the last session. The Ripple-Dollar pair skyrocketed 5.1% in the last session. The Stochastic indicator is giving a positive signal. Support is at 0.369 and resistance at 0.5008. The Stochastic indicator is currently in the positive zone. LTC/USD skyrocketed 6.1% in the last session. The Litecoin-Dollar pair skyrocketed 6.1% in the last session. The Ultimate Oscillator is giving a positive signal. Support is at 76.251 and resistance at 93.571. The Ultimate Oscillator is currently in the positive zone. Daily Economic Calendar: NL Gross Domestic Product The Gross Domestic Product is a measure of the total value of all goods and services produced by a country. The GDP is considered as a broad measure of economic activity and health. The Dutch Gross Domestic Product will be released at 05:30 GMT, Japan's Jibun Bank Services PMI at 00:30 GMT, Japan's Jibun Bank Manufacturing PMI at 00:30 GMT. JP Jibun Bank Services PMI The Jibun Bank Services Purchasing Managers Index (PMI) captures the business conditions in the services sector. The services PMI is an important indicator of the overall economic conditions. JP Jibun Bank Manufacturing PMI The Jibun Bank Manufacturing PMI gives an early snapshot of the health of the Japanese manufacturing sector. UK Retail Sales The Retail Sales measures the total receipts of retail stores. Monthly percent changes reflect the rate of change of such sales. The UK's Retail Sales will be released at 07:00 GMT, the US Durable Goods Orders at 12:30 GMT, the UK's GfK Consumer Confidence at 00:01 GMT. US Durable Goods Orders The Durable Goods Orders measures the cost of orders received by manufacturers for durable goods, which means goods which should last three years or more, excluding the transport sector. UK GfK Consumer Confidence The GfK Group Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity. 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 tokens were stolen by someone who compiled vanity addresses eligible for ARB airdrops.

It has emerged that some Binance employees and trained volunteers are helping users based in China to circumvent the country’s KYC (Know Your Customer) requirements. The message was first picked up from messages circulating in a Telegram group and a Binance-controlled Discord server. A Dedicated Volunteer Group? Binance is currently the world’s largest cryptocurrency exchange by transaction volume, processing over $9 trillion worth of trades in 2021 alone. However, the exchange is not supposed to operate in certain areas and countries, with one such country being China, which banned crypto outright in 2021. Binance founder Changpeng Zhao has often called the exchange’s KYC norms a billion-dollar effort, stopping those users that are not supposed to be on the platform. However, it has emerged that Chinese citizens and others around the world have been able to circumvent these restrictions, hiding their country of residence and accessing the platform. According to reports, this has been made possible thanks to some Binance employees and trained volunteers that have been helping these users. The reports cited messages from a Discord server and Telegram group to back their claims. Participants of the group, also called “Angels,” often share techniques to forge bank documents, falsify addresses, and hide the user’s country of origin. This allowed users in restricted countries, such as China, to bypass KYC norms and controls and access a Binance debit card. China had banned crypto exchanges in 2017 and banned cryptocurrencies outright in 2021. Speaking about the reports, a Binance spokesperson stated, “Binance employees are explicitly forbidden from suggesting or supporting users in circumventing their local laws and regulatory policies, and would be immediately dismissed or audited if found to have violated those policies.” Are Binance’s KYC Protocols Secure? According to the report, the two groups in question had over 220,000 registered users. The groups can be accessed by anyone who has registered and joined. No controls were placed on who could access the group until late March. The techniques shown in these groups showed users how to forge bank documents and offer false addresses. Other techniques involved the simple manipulation of the exchange systems. Volunteers also shared video guides showing users how to obtain a Binance debit card, effectively turning their Binance account into a regular checking account. These techniques put a dark cloud over the effectiveness of Binance’s KYC and anti-money laundering efforts. For entities such as Binance, anti-money laundering efforts are critical to ensure that customers are not engaging in any illegal activities. However, many experts in financial regulation have shared their concerns, stating that the exchange’s KYC and AML requirements can easily be subverted. Far-Reaching Consequences These developments could have far-reaching consequences for national security that extend far beyond China. Former FDIC chief innovation officer and Duke University Professor, Sultan Meghji, summed up the concerns, stating, “If I had an eight out of 10 concern about Binance from a regulatory perspective and from a national security perspective, this takes it to a 10 out of 10.” He further added that these concerns extend far beyond just China, stating, “I think explicitly about the national security implications of how terrorists, criminals, money launderers, cyber people in North Korea, Russian oligarchs, et cetera, could use this to get access to this infrastructure.” Jim Richards, anti-money laundering executive at Wells Fargo, echoed the sentiment, stating that techniques used to bypass Binance’s KYC controls could have further ramifications, raising the specter of North Korea, Russia, and Iran. A Binance executive, responding to the report, stated that the exchange had taken actions against employees found violating internal policies. “We have taken action against employees who may have violated our internal policies, including wrongly soliciting or making recommendations that are not allowed or in line with our standards. We have strict policies requiring all users to pass KYC by providing us with their country of residence and other personal identification information.” 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.