LooksRare(LOOKS)

Solana (SOL) and Dogecoin (DOGE) continue to remain strong crypto investments, with Solana (SOL) building its utility every week. However, a new contender has entered the market. TMS Network (TMSN) looks to revolutionize both DeFi and traditional investing with an all-in-one platform. Here’s how the three compare. Solana (SOL) Price Surges Following Fork Disruption Solana […]

A legal battle between America’s leading crypto exchange and the SEC looks ready to begin.

Arbitrum’s upcoming ARB token has everyone excited about the next potential airdrop, and it looks like there’s more to come.

ETH’s correlation with tech stocks, its increasing total value locked and its deflationary token economics all suggest that the path to $2,000 is programmed.

Ethereum continues to show strength after reversing in the past week. The price dropped throughout yesterday but recovered today with a 1.8% jump. It looks to tap more highs in the coming hours. After bouncing sharply off the $1,371 level on March 10, ETH recovered higher and increased significantly by more than 20%. The price […]

Central, Singapore, 20th March, 2023, ChainwireHeartX, previously known as ArteX, a trailblazer in the digital art industry, has recently rebranded and unveiled a groundbreaking web3 marketplace and community that empowers artists, collectors, art consultants and art lovers to redefine the value of digital art. The HeartX platform provides a secure, immersive, and transparent space for creating, sharing, and trading digital artworks, catering to artists, collectors, and the web 3 community alike.The sleek and user-friendly interface allows artists to upload and list their NFT-based digital art for a global audience to explore and purchase. HeartX's unique art evaluation system engages all users by enabling them to rate by voting on digital art pieces, earning tokens as a reward, and creating an interactive and dynamic online art community. This feature fosters closer ties between creators, collectors, and art lovers and creates an interactive and dynamic online art community. HeartX's Vote-to-Earn system allows people to show their taste and support, making it easier to join the web3 community.The team announces the launch of HeartX's first season, which introduces a unique set of features designed to enhance user engagement and incentivize participation. The "vote-to-earn" model allows users to earn tokens by voting for art pieces, with both the most and least favored pieces resulting in token earning. With the tokenomics model, there are two types of tokens for the platform- the governance token $HTX and the utility token $HNX that encourage users to unlock new opportunities for growth and profitability. Additionally, multiple dimension ranking systems reward users, creators, and collectors, creating a positive feedback loop that encourages ongoing participation within the ecosystem.HeartX is excited to announce their team and partnerships as they prepare for launch in the rapidly growing web3 space. The team is composed of seasoned professionals with a diverse range of experiences and backgrounds, united by a strong passion for creating a seamless, secure, and user-friendly platform and ecosystem for users worldwide. HeartX has formed partnerships with some of the most innovative teams in the web3 space, with more to be announced."We believe that the value of arts can be redefined by community consensus," said HeartX founder Anson. “We also believe that ‘art’ shouldn't be that out of reach, which is why we are bringing people the HeartX platform.” HeartX's vision for the future of digital art goes beyond being an online marketplace. It is a vibrant community of art lovers passionate about exploring and collecting digital artwork. The platform connects creators and collectors, offering artists a unique opportunity to showcase their digital artwork to a global audience and collectors a chance to build a reputation and find unique, innovative pieces.The HeartX team has just released the HeartX whitepaper, outlining its vision for a decentralized future and highlighting the key features and benefits of the HeartX platform. The HeartX team invites everyone to read the whitepaper to learn more about its ambitious goals and innovative solutions. Learn more about HeartX's whitepaper here.The team is continuing to develop the HeartX project and looks forward to sharing updates with the community as they progress toward launch. The HeartX marketplace will be launched in both app and web version in mid-April. Join HeartX today and experience the future of digital art.About DECENT ARTSDecent Arts Singapore Pte. Ltd. is a Web3 professional team dedicated to art.Decent Arts aims to connect the offline and online art worlds to broaden the boundaries of traditional art and establish a more inclusive, diverse and decentralized Web3 art ecology.Decent Arts focuses on the physical and digital art market and has created an online art community for trading and communication. It has launched digital art collections, and incubates a richer metaverse and Web3 products to allow more people to connect, understand, and finally fall in love with art.The team currently has 30 members who are responsible for product planning, artist cooperation, technology development, platform operations, etc.Most of the members come from successful Internet companies in diverse fields including gaming, live broadcast, social networking, e-commerce, art, blockchain, digital collections, and more.ContactThe HeartX [email protected]

It now looks even more likely the much-awaited Shanghai upgrade will take place on April 12.

Following a string of successful business launches in the last year, Forbes top list regular Bryan Legend recently put out a hot tweet, highlighting the importance of automated revenue sharing. We thought we’d take a deeper look as Bryan is confident that an innovative approach to staking is the future. The Vulcan Blockchainproject he has developed is now pioneering an entirely new type of auto-staking function that effectively negates regulation and gives users access to multiple streams of passive income via the Fixed, Flex, and PowerPool tools within the platform. I hereby coin the term: “Blockchain Automatic Revenue Sharing” (#BARS).1) The #DeFi space is changing rapidly to become more efficient and passive income oriented. Investors are looking to participate into sound protocols with underlying revenue sharing strategies. — Bryan Legend (@BryanLegendCEO) February 27, 2023 Staking As a Form of Income With blockchain technologies progressing by leaps and bounds, many investment strategies have cropped up. Among the most popular is staking, which in essence boils down to lending user-owned coins to a blockchain node operator, or to the network itself, so the latter can run the network and validate transactions. Users are compensated for their commitment through rewards that the validator charges in the form of fees for hashing network operations on the blockchain. In short, staking guarantees passive income, which is proportional to the amount of funds staked, the lockup period, and the conditions of the validator. The rewards are paid in native network coins, which users are free to reinvest or sell, thus adding another layer of security to the concept of staking and protecting users from foreign asset exchange rate fluctuations by diversifying holdings. However, the ease of earning provided by staking has attracted the attention of global financial regulators and authorities alike, as seen recently with the SEC. What Is BARS? Bryan Legend believes that the DeFi market is undergoing rapid changes and the need for effective protocols is evident to provide investors with more guarantees, and a safer alternative to coming under regulatory scrutiny. The need for greater security and independence from external regulation is driving blockchain evolution, Bryan says, and that reality has motivated him to coin the term BARS – “Blockchain Automatic Revenue Sharing”. The blockchain Bryan Legend founded, Vulcan,now looks to become the stage for the next phase of DeFi. The features of Vulcan which marry with the concept of BARS, to provide a safe space of decentralized security aimed at generating income with complete focus on user adoption, on-chain volume and ecosystem expansion. By acting as an automatic revenue sharing service, Vulcan is a true game-changer for the industry. The Vulcan blockchain boasts all the aspects that define it as a Blockchain Automatic Revenue Sharing service, and the auto-rebasing mechanism adjusts the supply of native network $VUL coins every 15 minutes. The presence of an auto-compounding feature in the Vulcan blockchain, which increases $VUL coin holder ownership with every network epoch, only adds to its status of a next-generation DeFi solution. In addition, there are 3 innovative methods for earning passive income on the Vulcan platform: Fixed - Which is a consistent and unmodifiable fixed 44% APR (Annual Percentage Rate) per year which is distributed directly to VUL token holders, as rebases. All $VUL holders receive this just by holding $VUL coins in their wallet through the platform's Auto-Staking mechanism. This amount is distributed to all eligible wallets without the need to lock up coins at all, giving everyone in the ecosystem a high APR without commitment. Flex - This option sees that 1% of fees from all $VUL transactions conducted on the Vulcan Network which are accumulated throughout a 24 hour period is collected and then made available for all users which hold a minimum of 1 $VUL in their wallet to claim. The amount available for each holder is proportionate to their holding as a percentage of the total supply. PowerPool - Users can also claim tokens from the PowerPool - a 30 day cumulative total of unclaimed daily Flex rewards. PowerPool ensures that rewards are not lost and can be claimed by active users who claim their flex reward every day without missing a day. This feature encourages continued participation in the ecosystem, promotes on-chain activity for node operator rewards, and redistributes vital resources in the Vulcan ecosystem. Like Flex, PowerPool rewards are distributed as a percentage of the user's holdings in relation to the total supply. What’s Next? In light of the dawning changes in industry conditions and consumer preferences, Vulcan looks set to provide a swathe of products which benefit not only the users looking to make a reliable passive income, but also the ecosystem as a whole. Vulcan looks set to play host to the new standard in DeFi, and adopting the principles of Bryan Legend’s BARS may well see it through to success. 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 functionality of payment services is rapidly expanding in the cryptocurrency market, allowing cryptocurrency to enter real life. However, seamless payments between the crypto world and the fiat world are only coming into use. Hawex is a fintech company that has developed a payment ecosystem for businesses and individuals. Hawex uses several basic tools to create convenient conditions for its customers' transactions — this is the PSP (Payment Service Provider) offer, cryptoprocessing and a financial mobile application. Hawex Mobile is a tool directly for individuals to simplify their interaction with cryptocurrency. Hawex Mobile, PSP, cryptoprocessing - three pillars in the cryptocurrency world Hawex Mobile is a financial mobile application for Android and iOS that connects the fiat and cryptocurrency worlds. It gives the user the opportunity to manage their finances without restrictions and additional conversions. For example, a person has funds in cryptocurrency, but cannot use it to pay for goods and services in the real world. Hawex Mobile is aimed at solving the problem of interacting with a large number of market participants. The client will be provided with a tool in the form of a crypto card, with which they will be able to pay for goods and services with a cryptocurrency attached to this card. Thus, Hawex Mobile provides its users with a seamless connection between cryptocurrency and fiat. This is a topical solution, since in a number of European jurisdictions it is allowed to use cryptocurrency as an official means of payment. Accordingly, many companies want to pay their employees in cryptocurrency. But they are limited by the lack of infrastructure for the legal conduct of such settlements with individuals. Moreover, for an individual, the world of cryptocurrency looks complicated. A person needs time and effort to understand networks, tokens, market volatility, etc. The user-friendly interface of the Hawex mobile application gives its user the opportunity to solve their daily tasks in a few clicks, and pay for goods and services. In addition to providing a simple entry point into the cryptocurrency world for the B2C segment, Hawex Mobile provides its customers with access to classic banking services. This allows you to open iban accounts, get virtual cards and link them to Apple Pay and Google Pay. Hawex’s mission is to create and maintain an ecosystem where territorial boundaries will not matter. The geographical scaling of the Hawex Mobile is planned in three stages. At the first stage, the custodial and Web3 wallets will be available to the whole world, with the exception of the USA, the UK, Russia, Belarus, European countries and countries from the FATF blacklist. This will be followed by expanding the geography and providing the opportunity to use the crypto card in Europe. In the third release, the crypto card will be able to enter the market in the Persian Gulf. The gradual expansion of geography will reveal the full potential of the product. Hawex Mobile – payment ecosystem Hawex's internet acquiring offers allow you to make debit and credit card payments online around the world. Through PSP, Hawex regulates the payment service for businesses, becoming an agent of financial institutions, and provides its customers with convenient functionality for data processing and payment routing. In other words, Hawex PSP is an integrator for partner banks and a navigator for the client in the cryptocurrency space. In addition to Internet acquiring, Hawex provides an opportunity for cryptoprocessing. This is a convenient payment method that can be combined with the others already available to the client. Hawex takes over the functions of a PSP, which gives more favorable conditions than using standard fiat technologies – cryptocurrency transactions are faster and cheaper. Online stores that use the Hawex cryptoprocessing functionality expand their products offer for customers of the cryptocurrency market and raise the level of sales. Furthermore, it becomes more convenient for customers to purchase their products. Acting as a payment service provider, Hawex also enables a legal entity to open an account for storing the company's cryptocurrency and use it to pay its employees, generate payroll forms and transfer money to the addresses of individuals’ wallets. Wallet addresses are generated directly in Hawex Mobile, and the recipient can carry out operations with tokens transferred to their account. Hawex: vector for security and environmental friendliness To reduce the risk of using the company's services for unreliable purposes, Hawex Mobile complies with several levels of restrictions when registering new users who want to take advantage of a custodial wallet. Firstly, when announcing the launch of a new product, Hawex always clarifies the geography available for use. Secondly, registration takes place inside the application via a phone number, which allows you to immediately validate geolocation data. Thus, countries where the company's services are not provided are not allowed to register. ​​Thirdly, there is a restriction on the display of the application in stores according to regional settings – Hawex Mobile is not shown to customers if the company's offer does not apply to their country of residence. Another stage of security compliance is the mandatory KYC procedure. Without passing identification and verification, the client will not be able to access the functionality of the custodial wallet in the Hawex ecosystem. Hawex Mobile is a fully digital product that does not use paper document management. Unfortunately, creating a completely eco-friendly product is impossible as long as people have a need for a plastic crypto card. However, Hawex has included 5€ in the cost of each card to help ecological funds that are engaged in cleaning the oceans from plastic pollution. The cryptocurrency market is an opportunity for humanity to take a step towards a more environmentally friendly relationship with the world. Financial turnover, reporting, mutual settlements, purchases and savings — all these processes will be able to function exclusively in the digital space when the cryptocurrency world becomes convenient and understandable to everyone. Thanks to its products, Hawex reduces the distance between the user and the cryptocurrency, making interaction with it as accessible as possible. A person can receive a salary with tokens, and pay for goods and services already in the form of fiat, without unnecessary actions. This option is the main unique offer in the Hawex ecosystem. Hawex helps the user to overcome the barrier between cryptocurrency and fiat and comfortably use the advantages of the cryptocurrency market in everyday life. 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.

Blockchain technology is rapidly altering the manner in which we approach various industries, including the adult content sector. Having said that, users can enjoy a more stable, decentralized, safe, and anonymous platform for accessing adult content with Cummuniti, a new adult content platform introduced by the leading blockchain technology company known as CUMINU. What is Cummuniti? Cummuniti is built with cutting-edge blockchain technology, giving users unparalleled anonymity and safety when accessing adult content. The platform is intended to be accessible from anywhere in the world and focuses on providing a wide variety of adult content, such as images, videos, and even live streams. CUMINU is the official token for the site. Moreover, Cummuniti's instant payments and KYC (Know Your Customer) process for creators is among its most significant advantages, allowing them to monetize their content as well as receive payments in a quick and effective way. This function, in addition to having the potential to disrupt the industry in an innovative fashion, is certainly a big deal for creators, who frequently struggle to get paid on other platforms. In order to showcase Cummuniti’s worth, a test platform was also created and maintained by the team. They hosted 30 streamers, earned $140K in two months, and demonstrated that they know what they're doing. Essentially, Cummuniti provides users with absolute confidentiality, allowing them to anonymously discover all kinds of adult content without worrying about being judged or exposed. The platform is dedicated to offering an enjoyable and secure environment in which creators and fans can freely and fearlessly express themselves. What else does Cummuniti offer? Cummuniti's effective filtering system is another standout feature, which lets users effortlessly explore and enjoy new content and creators by filtering media with up to 1,500 hashtags. More importantly, unlike traditional providers, Cummuniti prioritizes creators and fans, providing a decentralized platform tailored to their individual needs and preferences. In terms of why this matters, Cuminu's adult platform heralds a renaissance in adult entertainment, providing creators and fans with the resources they require to communicate and openly express themselves while enabling the former category to earn a profit. CUMINU also spent 8 months and 6 figures to build this world class platform, which only highlights the team’s dedication and faith in this kind of initiative. Cummuniti will therefore disrupt the adult content industry while utilizing blockchain technology and set a new standard for privacy, safety, and overall user experience. The site provides many immersive features for creators to better connect with fans, such as individual Metaverses that creators can "go live" in. Cuminu is currently worth $5 million, and there are also other notable characteristics such as AI Chat Bots, the Cummuniti VR Metaverse, and even a marketplace, with more notable features to be released soon that can also be viewed via the roadmap. Needless to say, the value proposition is very appealing and the sky may well and truly be the limit for this platform. 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.

[Press Release] The team looks ahead to the second phase of the Portal Fantasy roadmap. Portal Fantasy, an all-new adventure RPG title has announced a partnership with Polygon. The game’s closed beta will launch on the Polygon network on April 11th, 2023. Portal Fantasy is an upcoming browser-based pixel RPG that aims to breathe new […]

Singapore, Singapore, 10th March, 2023, ChainwireHuobi has announced a $100 million Liquidity Fund with the aim of enhancing currency liquidity across several markets. The purpose of this action is to reinforce the seamless flow of liquid assets through the Huobi platform. By allocating these funds, Huobi intends to improve cross-border transactions involving diverse digital tokens or fiat currencies worldwide by promoting greater fluidity. As a crucial goal for this initiative, traders will benefit from easier access to funds as they engage frequently in buying and selling activities on exchanges. Huobi has put together a plan to create a liquidity fund that will see $100 million US dollars deposited in order to improve the platform's liquidity capabilities. The announcement was made following some market turbulence caused by leveraged liquidations initiated by only a handful of users on the platform recently. H.E. Justin Sun expressed regret over the consequences resulting from a handful of users' leveraged liquidation on the market. Furthermore, Sun pledged to enhance liquidity depth for key cryptocurrencies and HT tokens while bolstering leverage risk alerts and capacity for available funds in an effort to reassure clients who rely on them. In recognition of its responsibility towards investors, Huobi has deposited $100 million USD as additional funding support through a new liquidity fund initiative. The spot and HT contract markets experienced a series of forced liquidations that resulted in recent market fluctuations. A few users triggered this cascade, which caused leveraged liquidations to occur as well. Despite these events, there is no need for concern about the safety of Huobi exchange's operations or wallets since they remain secure. Furthermore, all work continues at an even pace without any unexpected incidents occurring thus far. This clearly shows how the current fluctuations are just part of normal market behavior patterns. Huobi is making strides in enhancing their platform and user experience with a fresh liquidity fund. The objective of this investment will be to heighten the multi-currency liquidity on offer, ultimately improving ease-of-access for traders across global markets. This strategic move promises advantageous positioning within Huobi’s competitive cryptocurrency exchange market sector as well. Sun expressed empathy towards Huobi users, acknowledging that the turbulent market changes have induced stress among them. This announcement is a promise to undertake measures aimed at mitigating these fears for their benefit. Additionally, Sun reassured the community of his resolve in keeping up with all developments regarding this issue, and will provide regular updates on any progress made moving forward. Huobi is dedicated to ensuring their platform is secure and dependable for those engaging in cryptocurrency trades. Huobi will bear all leverage-through position losses on the platform resulting from this market volatility event of HT token. Huobi’s efforts towards enhancing the user experience are ongoing, with continuous strides taken towards improving the functioning of the platform. With additional support from their liquidity fund, Huobi looks forward to providing even more significant benefits while fortifying its presence as an esteemed hub for cryptocurrency exchange activities. Sun expressed his confidence in the actions being taken to enhance user experience and establish a safer, dependable cryptocurrency trading platform. He believes that these measures will result in more satisfied users who can trust the Huobi platform with ease. About Huobi Founded 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.com ContactMichael [email protected]

After bitcoin was rejected from the $25,000 level, and altcoins (Total3) reentered the downwards sloping channel, how far can the crypto market fall? With the news full of FUD for crypto it looks like the entire sector is making its way down to lower levels. However, unless another very black swan arrives, this correction would appear to be quite healthy and organic. Pattern is bearish Since the rejection at $25,000, bitcoin has been making its way down, and except for the odd day of green, the red candles are far more numerous. Of course, bitcoin isn’t going to go down like a lead weight. There will be ups and downs as usual. Looking at a higher time frame of the weekly, bitcoin does appear to have formed an M pattern. The rabbit’s ears are quite distinct, although with the right ear a fair bit higher than the left. This is a bearish chart pattern, and the measured move, if it played out, would take bitcoin down to around $18,700. A bounce to come This would be below the 61.8 fibonacci and right in the golden pocket between that and the 71.8 fibonacci. Depending on how long it takes bitcoin to get down there, it could also end up retesting the downwards sloping trendline, which could also help it to bounce. Another positive that could come into play in the next few weeks, is a reset of the weekly stochastic RSI momentum indicator. If bitcoin came down reasonably quickly this indicator could reset in the next 3 weeks or so, and then provide the upwards momentum to send bitcoin higher again. Across the rest of the cryptocurrencies, the story is pretty similar as regards the weekly RSIs. Most are at the top, and many have started to dip and some are on the verge of breaking back through the 80 mark, which signals downward momentum. A healthier price structure Many will be very fearful of this correction, especially if and when it brings bitcoin below $20,000. However, a revisit down to the lows will help bitcoin to form that all-important price structure that could make the next move up that much healthier. 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: MakerDAO proposes additional $750M U.S. treasury purchase. MakerDAO, the decentralized autonomous organization behind the DAI stablecoin, is reviewing a proposal that would allocate an additional $750 million to invest in U.S. Treasurys as it looks to take advantage of a favorable yield environment, adding to 500m approved in October. FTX’s trading affiliate Alameda sues Grayscale. FTX trading affiliate Alameda has sued crypto investment company Grayscale and its owner Digital Currency Group over the structure of their large bitcoin and Ethereum trusts, dealing a further blow to the SoftBank-backed crypto conglomerate. Latin American travel agency now accepts crypto. Despegar, a leading online travel agency in Latin America, has started accepting crypto as a form of payment in Argentina in partnership with Binance Pay, both companies announced. BTC/USD dove 1.6% in the last session. The Bitcoin-Dollar pair dove 1.6% in the last session. According to the CCI, we are in an oversold market. Support is at 221641 and resistance at 227061. The CCI points to an oversold market. ETH/USD plummeted 1.3% in the last session. The Ethereum-Dollar pair dove 1.3% in the last session. The RSI is giving a negative signal. Support is at 1541.7467 and resistance at 1593.2067. The RSI is currently in the negative zone. XRP/USD skyrocketed 3.3% in the last session. The Ripple-Dollar pair exploded 3.3% in the last session. The Williams indicator is giving a positive signal. Support is at 0.3535 and resistance at 0.3821. The Williams indicator is currently in positive territory. LTC/USD dove 2.6% in the last session. The Litecoin-Dollar pair plummeted 2.6% in the last session. The RSI is giving a negative signal. Support is at 84.3333 and resistance at 92.1133. The RSI is currently in negative territory. Daily Economic Calendar: US ADP Employment Change The ADP Employment Change is a measure of the change in the number of employed people in the US, making it an indicator of the labour market. The US ADP Employment Change will be released at 13:15 GMT, the US Fed's Beige Book at 18:00 GMT, and the Eurozone's Gross Domestic Product at 10:00 GMT. US Fed's Beige Book The Beige Book reports on the current economic situation using interviews with key business contacts, economists, market experts, and other sources. EMU 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. DE Retail Sales The Retail Sales measures the total receipts of retail stores. Monthly percent changes reflect the rate of change of such sales. Germany's Retail Sales will be released at 07:00 GMT, Japan's Gross Domestic Product at 23:50 GMT, Japan's Gross Domestic Product Annualized at 23:50 GMT. JP 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. JP Gross Domestic Product Annualized The Gross Domestic Product Annualized shows the annualized monetary value of all the goods, services and structures produced within a country. 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.

Polygon‘s MATIC lost momentum in the past month after posting several gains for six weeks. The price looks weak as it is yet to find a solid level for recovery. Aside from the early year increase, which saw the price to a multi-month high in February, MATIC has returned over 300% gains since it started […]

The way we handle data is broken There’s an elephant in the room. It’s data intermediaries. These intermediaries, or middlemen, are the mediator between those who make their data available (you), and those who want to leverage that data for profit (companies). They govern your data, chop it up into data sets, and sell it or make it accessible, all while convincing you that they can be confidently trusted to take care of that data. Of course, you wouldn’t just give anyone your personal data, so there needs to be an exchange of services. Some data intermediaries you’ve likely already given your information to include Google, Facebook, Instagram, Tinder, Uber, Strava, PayPal and WhatsApp. That’s just scratching the surface. The more you think about how many online services and apps hold your personal data, the more you consider how much of the advertising you see has been tailored specifically to you. The traditional Web 2.0 exchange of your data in exchange for access to digital services has often unknowingly turned the consumer into a marketable product. Let it not be forgotten that the collection of your data goes beyond your details and behaviour, but also includes information from facial recognition and voice messaging. Intermediary data isn’t always used honestly either. Fraudsters use legitimate datasets gathered from the big social, marketing and ecommerce platforms to correlate the sets of data stolen by hackers and sold on the dark web. That allows them for example to know they have the right address for you from the location data on the cat pictures you post publicly to instagram. Our data is valuable and often nowhere near as benign as we think when it’s in the hands of a bad actor. Web3 isn’t happy about the old deal, and for good reason. We’re seeing disruptions that change the role of data intermediaries and put the power and control back into the hands of the user in the form of things like data unions and Self Sovereign ID. But like the platforms of Web2.0 these things are still still too siloed. Real control needs further change. The Current Asymmetrical Face of Data For those unfamiliar with the concept of data asymmetry, in layman’s terms this is where there is a data accessibility disparity between two entities. Essentially, the steward of the data is able to unlock more value than the contributor. The lack of fairness in this exchange is a key concern for Web3 developers. Here’s an example. You use Google Maps for directions and location services to get from point A to point B. So do many of the other cars around you. Google now knows how many cars are in the area, how bad the traffic is, and where you are all going. Aggregated over time, this data shows them when traffic surges, where the biggest bottlenecks are, and the general flow of cars at different times of the day. Google now has a lot of aggregated data that they can sell to third parties, typically for marketing and advertising purposes. As we become more aware of how our data is collected and sold, for many of us, the result is frustration. Why are we not profiting and being rewarded? Is access to a service a fair exchange? Web3 says it isn’t. Web3 is decentralising data so that a world in which organisations no longer buy and sell aggregated data becomes a reality. Instead, for access to your information, they’ll pay you directly. When the data and services exchange becomes equal and both parties receive a balance of value, we will have achieved data symmetry. This is one of the goals of Web3. Paul Mitchell, Senior Director of Technology Policy at Microsoft, who predicted the future of data symmetry (pre-Web3) back in 2014, said “Data-driven economies are reliant on a dependable supply of data to be sustainable. The current imbalance between the amount of data about individuals held by or accessible to institutions, and the inability of those same individuals to control the use of that data has created an asymmetry of power, resulting in a crisis of trust.” What Does a World of Data Without Intermediaries Look Like? Perhaps the best way to explore this potential future is by looking through the lens of Self. This anti-fraud solution looks to tackle the problems caused by how we handle data today by giving control of identifiable data back to the user and making personal data and communication part of identity. Self makes no secret of its position on the mismanagement of data in Web 2.0, and is effectively solving it with every new user and business that joins its service. The cost of data fraud and cybercrime globally was over $6 trillion in 2021, most of which is an avoidable cost for both people and organisations. By connecting with their customers through Self, companies can get access to verified information without having to collect it. This protects the users personal data while allowing companies to process user data without it containing personal information. Why gather data, store it and rely on it even if it’s not accurate when you don’t need to. Self sees today's data middlemen as the data partners of the future. Tailoring advertising and marketing more effectively and being useful not just to the companies, but to the consumer. Self’s messaging system is another revelation. We’ve seen that Telegram and Signal could win millions of users simply by encrypting communications and stopping data from being collected, but Self goes beyond that. As well as end-to-end encryption between the two parties in a chat or call, both participants need to be fully verified. With Telegram or Signal, an encrypted chat can’t stop you from being scammed, but with Self, it can. As you build up your verified contact list, you build a genuine network of people and businesses that you don’t need to trust blindly, you have the knowledge that they are who they say they are. Even if it’s someone you don’t know personally like an employee at your bank. The Single Digital Identity Identity is about more than the documents and accounts conferred upon us by governments and companies. Our identities online encompass our voices - what we say and write, our data, everything about us and what we do and our credentials, everything from passports to degrees and employment references. That vision of identity lends itself to a single digital identity, just as we have a single identity in real life. The elements discussed above, including taking control of our data, securing and distributing communications, and creating a web of trusted connections all also lead towards that single digital identity. Right now, each time you want to join a website, you either have to type in your personal data, or make a sign-up connection with Google, Facebook, or Apple (to name but a few). The latter is certainly easier, but it does mean contributing even more data to these mega-middlemen. When you consider that the average person visits around 100 websites per day, this is a lot of data being given away, and it’s not just your credentials, it's your behavioural data too. How you use a website, where you click, how long you spend on a page, and whether you convert are all collected and used. Alongside website use, we must bring apps into the equation. On average, Smartphone users have 40 apps downloaded (not including pre-installed) and cycle through about 18 of them on a daily basis. Your interactions with these apps are tracked for behavioural data too, and in many of these apps, you give away heaps of identifiable personal information. Strava, Uber and Google Maps give location information, Tinder, Bumble and Grindr reveal personality and dating habits, while PayPal, Venmo, and Zelle all show your spending habits and more. For all of these websites and all of these apps, which can number into the hundreds for some users, the data exchange is hugely imbalanced, you have many passwords to remember (or even worse, you are using the same one for all of them), and you are easily identifiable. The single digital identity, such as that envisioned by Self, will eventually allow you to bring everything into an app representing you, where you control your data and what is shared. Even better, in time you will be rewarded financially for allowing companies to use your data, or market to you. Data aggregation platforms that profit from collecting your data will even stand to benefit, because they can operate more freely on anonymous data, allowing their clients to serve customers more effectively while protecting their personal data Verdict: It’s Time to Put Users in Control. Data gets old really fast. Simple changes like replacing personal information in company records with anonymised identifiers very quickly breaks down the fraudsters model. Creating symmetrical relationships between companies and users builds stronger trust and removes the role of the company as a provider of identity in its relationships with its users. Both changes lead to a much-needed single digital identity, but they come with unique challenges. Convincing businesses that they can be more profitable and successful while protecting their customers will be key to achieving mass adoption. 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.

Like any good punk or hip hop show, this year's Colorado event for coders will feature events that will "scare away normies," CoinDesk Chief Insights Columnist David Z. Morris writes.

Solana’s community is bracing for a wave of upgrades to the network barely one week after its 1.14 update, but this time the focus is not on speed or scalability.

The knowledge that Mt Gox bitcoin may be released on to the market as Silvergate collapses has led to a sharp fall in the bitcoin price. Bitcoin has some fairly major headwinds to negotiate right now and it is probably for this reason that the price tumbled in the early hours of this morning GMT. Bitcoin lost 6.3%, taking it from $23,460 down as far as $22,000, where it has since recovered to around $22,350. Silvergate destructing Firstly, Silvergate bank looks to be heading for ultimate destruction. The news yesterday that Coinbase has suspended all associations with Silvergate, and that instead it has taken up with Signature bank, has pretty much sounded the death knell. It also wouldn’t have helped that JP Morgan has decided to downgrade the bank. These events have led to the Silvergate price going into freefall. Since yesterday’s close, SI is down 57%. Mt Gox bitcoin could enter the market Another factor weighing down on Bitcoin is that the Mt Gox liquidator has decided to finish paying out creditors by September of this year. All creditors will have made huge profits by being unable to sell their bitcoin from the time when it was worth around $200, so it might be expected that a significant portion of this BTC could hit the market over the next few months. Ethereum Shanghai upgrade The Ethereum Shanghai upgrade is yet one more possible negative impact for Bitcoin. The upgrade gives stakers the possibility of unlocking their ETH. With 2 years worth of locked ETH suddenly becoming unlocked in April, another tidal wave could hit the crypto market. Celsius and Voyager liquidators get busy Finally, as if to cap it all, both the liquidators for Celsius, and for Voyager, are currently selling crypto into the market in a fairly aggressive manner in order to repay creditors, but also to pay the liquidation fees. Bitcoin to revisit the bottom? Such a lot of selling pressure is undoubtedly going to have its effect on bitcoin and the rest of the crypto market. Until these pressures start to subside, bitcoin could be shackled from rising, and could in fact revisit its lows. However, there are many signs that the crypto market has indeed bottomed, and even if bitcoin does retest this bottom, it should be a healthy and organic event that could provide more impetus once the bull market gets going in earnest. 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.

Even as the cryptocurrency market was flooded with several controversies in 2022, new projects like Collateral Network (COLT) have piqued investors' interest by offering an opportunity to bridge the gap between traditional and crypto finance. As investors are increasingly making their investment decisions based on the underlying value of a token, cryptocurrencies like Tron (TRX) and The Protocol (THE) are struggling to rise. Compared to Tron (TRX) and The Protocol (THE), Collateral Network (COLT) looks in a better position to rise quickly in 2023. This article looks at what makes Collateral Network (COLT) special and how Tron (TRX) and The Protocol (THE) are performing. >>BUY COLT TOKENS NOW>BUY COLT TOKENS NOW<< Collateral Network (COLT) expected to jump 35x Collateral Network (COLT) is special in many ways. For users interested in crypto backed by real-world assets, Collateral Network (COLT) provides a rare opportunity to grow their wealth by investing in fractional non-fungible tokens (NFTs) of physical assets like property and art pieces. Collateral Network (COLT) marketplace provides a platform for borrowers to directly connect with lenders. Using this platform, users can offer the fractional NFTs of their physical assets to prospective lenders. As the price of the NFTs are low, it becomes easy for anyone to lend. In the process, Collateral Network (COLT) enables users to become their own banks where they can safely lend and borrow real money. The transactions on the Collateral Network platform are enabled by COLT tokens, which are currently priced at $0.01. Notably, COLT tokens provide benefits like staking, governance rights and more. Analysts are expecting that the Collateral Network (COLT) price would jump 35x within six months. Find out more about the Collateral Network presale here: Website: https://www.collateralnetwork.io/ Telegram: https://t.me/collateralnwk Twitter: https://twitter.com/Collateralnwk Disclaimer:Thisisasponsoredpressreleaseandisforinformationalpurposesonly.Itdoesnotreflecttheviewsof CryptoDaily,norisitintendedtobeusedaslegal,tax,investment,or financial advice.

Emergent Fidelity case is "futile,” says the bankrupt crypto lender which is seeking access to its 55 million Robinhood shares.

Binance Coin finally underwent a correction after experiencing a consistent rally for eight weeks. The price plunged to January 18 low and sharply bounced off. Right now, it looks calm and prepared for another surge. A week ago, BNB lost a key support level and further fell through the $300 psychological level after printing a […]

The U.S. state is looking to amend its campaign financing rules to require donors' names and addresses be collected – and mandate contributions be made strictly via U.S.-based entities.

The new Coldcard Q1 model aims to blend security and convenience – with a physical QWERTY keyboard recalling the look of a 2000's-style waffle phone. It relies on a flashlight and LED scanner to read QR codes – instead of using a camera, which can be an attack vector.