21h ago • cryptodaily
Coinbase-Backed Decentralized Social Blockchain (DeSo) Revolutionizes with New Proof of Stake System
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]
1 day ago • cryptodaily
Gensler continues to crack the whip on crypto
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.
1 day ago • cryptodaily
Chinese Users Bypass Binance KYC Curbs With The Help Of “Angels”
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.
1 day ago • cryptodaily
Terraform Labs Co-Founder Do Kwon Arrested in Montenegro
Do Kwon, co-founder of Terraform Labs, has reportedly been arrested in Montenegro. Kwon has been on Interpol and South Korean authorities’ radar for his alleged involvement in the collapse of the Terra ecosystem.
The Minister of the Interior of Montenegro, Filip Adzic, announced in a post that an individual suspected of being Do Kwon had been arrested in the Podgorica region on March 23. Following the announcement, local media outlet Vijesti confirmed that the Twitter account that posted the news belonged to the minister of interior of Montenegro. The person arrested was a South Korean national. Adzic tweeted:
Montenegrin police have detained a person suspected of being one of the most wanted fugitives, South Korean citizen Do Kwon, co-founder and CEO of Singapore-based Terraform Labs.
Kwon was reportedly detained at the Podgorica airport with falsified documents. The International Criminal Police Organisation (Interpol) and South Korean authorities were on the hunt for Kwon for his alleged role in the collapse of the $40 billion Terra Luna (LUNC) and Terra USD (USDT) ecosystem in May 2022.
Kwon became an internationally wanted man when Interpol issued a red notice on him in September. Interpol’s red notice came only weeks after a court in South Korea issued an arrest warrant for the founder, alleging that he violated the Capital Markets Act.
Montenegro is geographically south of Serbia and shares a border with the Balkan nation. In December, it was reported that Kwon was hiding in Serbia. Serbia and South Korea do not share an extradition treaty. At the time, prosecutors indicated that Kwon fled to Dubai as a stopover after he exited Singapore.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
2 days ago • cryptodaily
Upland’s 2023 Hackathon To Showcase The Future Of Web3 Metaverse Super Apps
PALO ALTO, California, 23rd March, 2023, ChainwireUpland, the metaverse super app mapped to the real world, is partnering with the EOS Network Foundation, a community-led, not-for-profit organization that coordinates public-goods funding and support to encourage the growth of the EOS Network, to launch Upland’s second hackathon where web2 and web3 developers are invited to bring new games and experiences leveraging Upland assets. As the only metaverse mapped to the real world, developers are able to create experiences that leverage unique characteristics of the Upland ecosystem, which include geo-specific context and assets like FIFA Women’s World Cup Australia and New Zealand 2023™ Legits, to the largest growing web3 community.Web3 gaming coupled with metaverse experiences, will transform the way people play, interact and socialize. This year’s Upland Hackathon is designed to empower developers to create unique, immersive, and community-driven experiences that drive increased engagement in the metaverse. Developers are invited to participate in one of three tracks: 1. Metaverse Innovation Track; 2. FIFA Women World Cup 2023 (FWWC23) Track, and 3. Design Track. with the best ideas earning financial prizes and the chance to enter Upland’s post-hackathon incubator.Upland is one of the most popular and fastest-growing metaverses utilizing blockchain technology. Upland is the Earth’s metaverse, spread across dozens of global cities that have been mapped to the real world and are accessible via the Web, iOS, and Android. “After a successful first round in 2022, we are thrilled to be hosting our 2nd hackathon for web2 and web3 developers alike to leverage our tools to create new experiences in the Upland metaverse,” says Idan Zuckerman, Co-Founder and Co-CEO of Upland. “As part of our mission to build the first Metaverse Super App, the main topics of this hackathon will have developer teams leverage web3 concepts by integrating games and experiences with the Upland platform to drive engagement and adoption in new innovative ways”This year’s Hackathon event will encompass three unique tracks, each contextual to the Upland ecosystem, community and economy. Developers, designers, artists, gamers, and blockchain enthusiasts will be provided with the tools, support, and inspiration to bring their Web3 game ideas to life. Utilizing Upland’s simple Rest APIs, participants will have a chance to put themselves on its virtual map.The Upland 2023 Metaverse Super App Hackathon’s panel will consist of four judges, including representatives from Upland, FIFA, and the EOS Network Foundation. Each project submission will be rated for the quality of each pitch and its prototype, its use of Upland’s 3rd-party development tools, its team’s composition and diversity, business feasibility, and fulfillment of the Hackathon’s mission statement. "We are very excited about this opportunity to meet and collaborate with some of the brightest metaverse developers today," said Yves La Rose, Founder and CEO of the EOS Network Foundation. "EOS has made GameFi a cornerstone of its ecosystem development, and Upland is one of its biggest success stories so far. Upland chose to build on EOS because it's one of the most robust and scalable networks of all, with an extremely diverse and talented pool of developers. Now we'll get the chance to see what those developers can do, and we're extremely enthusiastic about helping them bring their ideas to life."The FIFA Women’s World Cup Track builds on Upland’s status as FIFA’s official metaverse partner and provides a unique opportunity for developers to build games and experiences that utilize Upland’s third-party SDK alongside FIFA NFTs in Upland. Developers are tasked with creating unique games or gamified experiences leveraging FIFA Legits and Upland assets, with the winning project set to be showcased in the FIFA World Cup Village in Upland.In the competitive Design Track, Upland is inviting creators to design a 3D asset that will serve as the trophy for the World of Football eSports tournament. In World of Football players compete in live football matches taking place in the Upland metaverse.Finally, the Innovation Track invites developers to submit community-focused Web3 games or experiences that bring people together to play, socialize and share value. This is a flexible track where developers can leverage Upland’s developer tools, to create almost any kind of game or experience they believe has the potential to become an Upland metaverse hit.Participants of the FIFA Women’s World Cup and Innovation Tracks will compete for Grand Prizes worth $10,000, with $5,000 going to the runners-up of each track. Meanwhile, the winner of the Design Track will be awarded 2 million Upland UPX tokens. Both the Grand Prize and Runner-up Prize winners will also be invited to join Upland’s post-hackathon incubator.The Hackathon will begin with a kick-off party with OnePiece Labs followed by its official launch at GDC on March 22. Teams have until May 12 to register for the Hackathon, with May 26 being the deadline for submissions. Finalist selection will occur on May 28, with the final presentation and awards show taking place during Upland’s annual Genesis Week Conference at the Sahara Casino and Resort in Las Vegas on June 9.About UplandUpland is an open web3 platform for the metaverse mapped to the real world. The company’s mission is to build one of the leading and most dynamic maker-communities through a strong entrepreneur economy that allows players, creators, developers, and brands to manufacture goods and experiences, monetize assets, and provide utility and fun to other players. Headquartered in Silicon Valley with hubs in Las Vegas, Ukraine, and Brazil, Upland was named among Fast Company’s “Next Big Things in Tech” in 2021 and one of “22 San Francisco Startups To Watch in 2022” by Built In SF. Upland is committed to becoming carbon negative and is a proud partner of Carbonfuture. For more information about our sustainability commitment visit https://www.upland.me/sustainability. Upland is available on iOS, Android and the Web, and can be played from anywhere in the world.About EOS Network FoundationThe EOS Network Foundation (ENF) is a not-for-profit organization that coordinates financial and non-financial support to encourage the growth and development of the EOS Network. EOS is the native token of the EOS Network, which launched in 2018. The EOS Network provides a world-class, robust, smart contract functionality that enables developers to build the best-in-class decentralized applications (dApps) easily, facilitating the open web of the future and, in so doing, powering the Web3 economy. The ENF is the hub of the EOS Network, uniquely suited for NFT, GameFi, DeFi, and enterprise applications. The organization is committed to unlocking the full potential of the EOS blockchain to drive innovation, create new possibilities, and empower individuals and communities.About EOSThe EOS Network is a 3rd generation blockchain platform powered by the EOS VM, a low-latency, highly performant, and extensible WebAssembly engine. Purpose-built for enabling optimal Web3 user and developer experiences, EOS is a go-to Layer-1 network for developers looking to build blockchain-based games (GameFi), deploy decentralized applications (dApps), and create digital assets such as NFTs. EOS benefits from a multi-chain collaboration of blockchains built upon the Antelope framework using Antelope Inter-Blockchain Communication (IBC). EOS drives public goods funding for free and open source tools and infrastructure through the EOS Network Foundation (ENF).ContactLindsay Anne [email protected]
2 days ago • cryptodaily
Texas Lawmaker Wants To Protect BTC Miners
A member of the state’s House of Representatives has introduced a resolution to support the Bitcoin economy in Texas.
House Member Calls For Constitutional Rights For Digital Assets
Texas, which is already a pretty crypto-friendly state, will be getting further legislation to preserve its “Bitcoin economy.” A recent resolution is seeking a legislature that will support the crypto industry in the state. This resolution was passed by Cody Harris, who is a member of the Texas House of Representatives, in order to provide support to miners and Bitcoiners operating the Lone Star State.
On March 21, Harris filed the House Concurrent Resolution 89, where he rallied other Texas lawmakers to show their support for the state’s already-thriving crypto industry. He demanded that coders or developers who work on the Bitcoin network and miners and Bitcoiners need to be protected further through legislation.
Furthermore, he pointed out that digital asset holdings should be included in the state’s constitutional rights concerning “all unreasonable seizures or searches.” This means that Harris wants to protect individuals' personal crypto holdings under the same constitutional law as their other property. Currently, cryptocurrencies are already included under an amendment to the state’s Uniform Commercial Code.
Resolution To Inspire More Support
The resolution targets mostly the sentiment among the lawmakers instead of the state's laws and regulations. It also referenced the crypto crackdown in China and how it had been one of the driving forces behind Texas’s crypto boom. In the resolution, Harris expressed that Texan lawmakers need to hold an even more supportive perspective towards crypto miners so as not to have a repeat of the China situation.
An excerpt from the filed resolution reads,
“Individuals who mine Bitcoin in Texas will never be inhibited by any law or resolution that restricts the practice of securing the Bitcoin network for the safety of the virtual currency. All those in the broader community who choose to own Bitcoin as a manner of storing their wealth and transacting peer-to-peer with other law-abiding Texas citizens shall always feel free and safe in their ownership and use of Bitcoin.”
As of now, crypto firms like Riot Platforms, Core Scientific, and White Rock Management have set up operations in Texas.
Texas Loves Crypto
Harris’s appeal is probably in reference to the criticism faced by Texas’s easy-going regulatory framework for cryptocurrency. Basically, certain federal lawmakers believe that the state does not have enough oversight over the high energy consumption due to its rampant crypto mining. Texas Governor Greg Abbott has always been a keen supporter of cryptocurrencies. Under his governance, the Austin City Council even passed resolutions to support the industry in 2022. Soon after, the city of Fort Worth in Texas became the first U.S. to mine Bitcoin, followed by the Texas A&M University offering a course on Bitcoin Protocol.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
3 days ago • cryptodaily
Huobi Launches the Dominica Metaverse Bound Token (DMBT)
SinMichael Wanggapore, Singapore, 22nd March, 2023, ChainwireHuobi, the virtual asset trading platform, has announced the launch of the Dominica Metaverse Bound Token (DMBT). The launch of DMBT is part of the rollout of the Dominica Metaverse Digital Citizen (DMDC), which was authorized by the government of Dominica in collaboration with TRON and DMC Labs.DMBT serves as an on-chain identity for users who have completed their Level-3 KYC verification on Huobi. It serves as a credential for verified DMDC members and is a type of soulbound token (SBT) that is unique, non-transferable, and revocable.After successfully completing the Huobi KYC process, users can obtain their Dominica Metaverse Digital Identity (DDID) and become a DMDC. DDID holders are eligible for a physical Dominica Metaverse Identification Card (DMIC). The potential benefits of DMDC membership may cover a variety of on-chain and off-chain use cases utilizing the DDID, including the facilitation of online KYC processes across international crypto trading or financial service platforms subject to local regulations, and collaboration with various membership programs shared by real-life consumer businesses globally.Furthermore, users can mint DMBT on the TRON blockchain with their DDID, which can be viewed on any wallet that supports TRON NFT protocols.H.E. Justin Sun, Founder of TRON and Global Advisor to Huobi, commented, "DDID will serve as the building block for Web 3 and a bridge connecting the real and virtual worlds. Essentially, the on-chain digital identity system lays the foundation for a future metaverse world that is truly capable of servicing the global population across physical boundaries and national borders in mankind's pursuit toward inclusive digital freedom."About HuobiFounded in 2013, Huobi has evolved from a crypto exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, wallets, research, investments, incubation and other areas. Huobi serves millions of users across international markets. Please refer to Huobi's official website for more information: www.huobi.comContactMichael [email protected]
3 days ago • cryptodaily
Yesports Launches the Largest Esports Marketplace for Gaming Expansion into Web3 Alongside 40+ Partners
New York, New York, 21st March, 2023, ChainwireYesports announces the launch of its premier esports marketplace, opening with a Debut Trading Competition to kickstart the action with its global community. Joined by more than 40 web3 gaming partners and over a dozen esports organisations with a collective following of more than 30 million fans, Yesports sparks confidence and ignites change across the esports industry through the launch of its new marketplace.The Yesports marketplace is a gateway for esports teams and web3 game partners to connect with their loyal community and global fans. Built on a non-custodial platform powered by web3, the new Yesports marketplace offers a point of difference and value for organisations and games to seamlessly launch, list, and promote their digital products. These range from in-game items and accessories to gaming collectibles, platform passes, and memberships.Top tier web3 games have joined in partnership with Yesports for the debut launch including Pegaxy, Planet IX , ZedRun, Mystic Treasure, My Meta Farm, DexioProtocol, Planet Mojo, Fabwelt Studios, Shatterpoint, Decentral Games, Alaska Gold Rush, Skyweaver, Outlaws Brawl, Gunfire, Mighty Bear Gamesand MyMetaSoccer. From March 21st to May 21st, 2023, Yesports will be hosting a Trading Competition offering $8000 in prizes like NFT Packs from participating partners, USDC, and more.Sebastian Quinn, CEO and Founder of Yesports, says: “Our launch of the first and largest cross industry collaborative marketplace on Polygon represents a major milestone for the gaming and web3 industry. It is also a significant step forward in providing fans with a seamless, secure and fun way to engage with their favorite esports teams.”“Our team remains focused on driving industry change through cutting edge tech products that allow for easy and impactful product collaboration with leading partners across web2 gaming and esports and web3 gaming.As thought leaders, we spark conversations that drive change and explore opportunities that deliver impact and boost fun for all those who experience Yesports. We are gratified to see our platform changing the way fans engage with web3 games and beyond, and the marketplace serves as the first portal for esports and web3 gaming communities.”Yesports harnesses the knowledge and expertise of thought leaders and founders from esports and web3 games through monthly Convergence 2023 events. Together with gaming partners in web3, Yesports paves the way forward, enabling the expansion of esports and evolving the fan experience into a brand new era.About YesportsYesports is disrupting the traditional gaming world and democratising the industry in its mission to deliver complete, user-friendly experiences and bridge the gap between gaming, fans, and web3. Bringing entertainment and access closer to the user, Yesports is leading the way in creating a more inclusive gaming world leveraging new technology. Backed by leading VCs and built with world-leading technology, Yesports is focused on delivering the most valuable digital products for gamers everywhere.For more information, view the links belowYesports Media Kit Yesports Media Contact | Email: [email protected] | Website: www.yesports.gg ContactHead of BDMatthew [email protected]
3 days ago • cryptodaily
Florida Governor Wants To Ban CBDC
Ron DeSantis, the governor of Florida and a presidential hopeful, has proposed a new bill to oppose central bank digital currency (CBDC).
DeSantis Against Surveillance Of Digital Dollar
Florida Governor Ron DeSantis has stated that he wants to protect citizens from the surveillance and control of the federal government through a CBDC. Therefore he has proposed legislation to ban a national central bank digital currency. In accordance with the state’s Uniform Commercial Code, DeSantis has introduced new legislation that would prohibit the use of any CBDC issued by a foreign reserve or a foreign-sanctioned central bank. If the legislation goes through, it would also shield Florida residents from a global digital currency issued by a foreign central bank.
In a March 20 press release, DeSantis said,
“The Biden administration’s efforts to inject a Centralized Bank Digital Currency is about surveillance and contro. Today’s announcement will protect Florida consumers and businesses from the reckless adoption of a ‘centralized digital dollar’ which will stifle innovation and promote government-sanctioned surveillance.”
The Global CBDC Trend
He has also addressed other states in the U.S. and appealed to them to adopt similar legislation by adding such prohibitions to their uniform commercial codes.
The decision from DeSantis could be influenced by the recent announcement from the U.S. Federal Reserve about the upcoming launch of its FedNow payments system, which is being touted as the precursor to a programmable CBDC.
With multiple countries, like Saudi Arabia, Japan, Russia, and England, and their central banks working on CBDC pilot programs, it could indicate the next direction for the Federal Reserve also to go that way.
Support From Key Political Figures
DeSantis’s reasoning is that a federally sanctioned CBDC would mean that government bureaucrats would get an advantage over consumer activity and be able to cut off consumers’ access to goods and services. As a result, it would make the currency a direct liability of the federal government and directly hamper the role of community banks and credit unions. The proposed legislation has received support from other key figures, like Florida State CFO Jimmy Patronis, who said,
“A Central Bank Digital Currency is the cornerstone of a federal government that could track each and every transaction that happens in the world. There would be no privacy, and if there is no privacy, there are no rights.”
Another person who has supported the bill and has stood against what he calls extreme government bureaucracy is the CEO of the Foundation for Government Accountability, Tarren Bragdon.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
4 days ago • cryptodaily
Boba Network Announces Integration with NOWPayments
Palo Alto, CA, 20th March, 2023, ChainwireBoba Network, the only multichain layer-2 blockchain scaling solution and the only smart contract platform that enables Web3-Web2 interoperability, is pleased to announce its integration with NOWPayments, the non-custodial crypto payment gateway created by the team behind ChangeNOW. As part of the integration, $BOBA will now be available as a payment, donation, and payout option for all businesses that use NOWPayments.NOWPayments, a prominent cryptocurrency payments provider, provides a range of tools to assist you in getting started with accepting $BOBA payments. Here are some of the available tools:eCommerce plugins: These plugins are compatible with major eCommerce platforms like WHMCS, Shopify, WooCommerce, Magento 2, PrestaShop, OpenCart, Zen Cart, and Shopware.Payment Link and Point-of-Sale (PoS) Terminal: Businesses can use a payment link and a virtual Point-of-Sale terminal to accept BOBA payments.Recurring Payments: Companies may issue recurring invoices.Custody as a Service: This tool allows businesses to establish separate billing accounts for their customers and allow them to top up those accounts with the cryptocurrency of their choice.API: NOWPayments’ versatile API allows businesses to create custom crypto payment solutions.Mass Payouts: Businesses can send mass payouts automatically to as many addresses as they require, such as salary, bonus, reward, or rebate.Donations: Businesses can select from three different tools, such as Link, Button, and Widget, to receive crypto donations."We're excited to partner with NOWPayments and offer our community another way to use BOBA," said a core contributor of Boba Network. "With this integration, merchants can now benefit from accepting BOBA, including its staking feature and access to our massive community."NOWPayments is part of the NOW Solutions ecosystem, which allows businesses to integrate crypto and benefit from it. With BOBA now available on NOWPayments, it allows businesses to accept payments and/or donations in 160+ cryptocurrencies, with auto-coin conversion available, and fiat conversion possible."We're thrilled to add BOBA to our payment options and continue spreading the adoption of crypto payments," said Xena Kash, CEO of NOWPayments. "The Boba Network's ecosystem is rich with use cases, and we're looking forward to giving BOBA even more use cases along the way."About Boba NetworkBoba Network is an optimistic-based multichain layer-2 scaling solution that aims to unlock the potential of rollup technology and enable more flexible blockchain communication. The protocol is fully compatible with EVM-based tools and has already deployed multichain support for Avalanche, BNB, Moonbeam and Fantom, supporting lightning-fast transactions and fees anywhere from 40-100X less than the respective layer-1. Boba Network is powered by Hybrid Compute technology that brings the power of Web2 on-chain, with smarter smart contracts that allow developers to leverage off-chain compute and real-world data to deliver enriched experiences for decentralized applications.About NOWPaymentsNOW Solutions is an ecosystem of enterprise solutions that allow businesses to integrate crypto and benefit from it. NOWPayments and ChangeNOW are part of NOW Solutions, joined by other NOW projects, such as NOWCustody and NOWNodesChangeNOW is a non-custodial exchange platform with more than 5 years experience. It supports 800+ assets and 150K+ trading pairs powered by 10 CEX & DEX liquidity providers, and offers crypto solutions for businesses (APIs, Token migration, traffic monetisation, etc)NOWPayments is a non-custodial crypto payment gateway created by the team behind ChangeNOW. It lets you accept payments in 160+ cryptocurrencies, with auto coin conversion available. Regardless of what crypto customers pay with, merchants can choose to accept the coins they prefer - NOWPayments converts them automatically. The platform offers a variety of tools.For more information, please visit https://boba.network/ or https://nowpayments.io/ ContactMark [email protected]