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1h ago nulltx
Nvidia’s Rising AI Demand Spark Interest In The Graph (GRT) and InQubeta (QUBE) Presale
Artificial intelligence (AI) has witnessed exponential growth in demand in recent years, with numerous industries and businesses recognizing its transformative potential. Companies like Nvidia, a leading technology company known for its high-performance graphics processing units (GPUs), have played a significant role in advancing AI technologies. With the power of blockchain technology, The Graph (GRT) and […]
1 day ago cryptopotato
Cardano’s IOG Dismisses SEC’s Claim that ADA is a Security
IOG believes that SEC's filing contains numerous factual inaccuracies.
1 day ago cryptodaily
ERD DeFi Lending Platform and USDE Stablecoin Unveiled at EDCON 2023
Podgorica, Montenegro, June 9th, 2023, ChainwireAt EDCON 2023 in Montenegro, the Ethereum Reserve Dollar (“ERD”) team introduced their innovative decentralized lending platform and USDE stablecoin to the industry. ERD is a lending platform that allows users to borrow USDE, a USD-pegged stablecoin native to the platform, using liquid staking derivatives (LSDs) and blue-chip DeFi tokens as collateral. The protocol maintains a minimum collateralization ratio of 110%, striking a balance between decentralization, capital efficiency, and price stability.In the fast-paced world of blockchain and cryptocurrencies, the demand for fully decentralized stablecoins is growing. The challenge has been to simultaneously achieve capital efficiency, price stability, and decentralization, a combination that has proven difficult to achieve.Numerous attempts have been made to create stablecoins that are both decentralized and capital efficient. However, these efforts often led to significant price fluctuations, causing depegging and collapse. The industry has thus been left with a choice between capital efficiency and decentralization, with price stability being a crucial requirement for any stablecoin's survival and expansion.Ethereum Reserve Dollar is designed to address these challenges. ERD is fully decentralized, providing a safer solution to the dominant centralized and semi-centralized stablecoins in the market. It employs a fully decentralized lending protocol and a robust liquidation mechanism, enabling users to borrow USDE using LSDs and blue-chip DeFi tokens as collateral. The platform secures loans with a Stability Pool containing USDE, which allows for immediate liquidation and bypasses the need for liquidators to prepare USDE or engage in a complex auction process. Furthermore, the protocol's design allows users to borrow at only a 110% collateralization ratio, achieving an ideal combination of decentralization, capital efficiency, and price stability.Notably, ERD also aims to provide greater value as a governance token and introduce widely distributed decentralized assets on the ETH network, addressing limitations observed in similar protocols, such as those of the Liquity Protocol.“Looking back at the collapses of so many failed stablecoins, and the depegging of USDT in 2022 and USDC in 2023, the industry is still searching for a truly decentralized, capital-efficient, and robust solution," said Steve Hopkins, ERD’s CMO. “ERD is this and so much more; it's a solution designed to become a truly decentralized reserve asset on the Ethereum network. We believe ERD offers a significant step forward in blockchain and DeFi technology. We’re thrilled to share it with the world. ”The ERD team will launch their testnet event on June 12, 2023. This event will offer the opportunity to experience the platform's unique features and benefits firsthand, while also entitling early adopters to share in the upside of the project’s growth.The ERD Protocol is set to redefine the stablecoin landscape. With its unique features and benefits, it offers a promising solution for efficient and decentralized lending. The team encourages everyone to participate in the upcoming testnet event and experience the future of DeFi.For more information about the ERD Protocol and its upcoming testnet event, please visit the official website at and follow the project on Twitter at @Ethereum_ERD.About ERDERD is a decentralized lending protocol that enables users to borrow in USDE, a stablecoin pegged to the US dollar, using LSDs and blue-chip DeFi tokens as collateral. It aims to address the dominance of centralized stablecoins and offer a truly decentralized, capital-efficient alternative. The protocol offers a minimum collateralization ratio of 110% and secures loans with a stable pool containing USDE and other Ethereum-based assets. The benefits of ERD include low-interest rates, high capital efficiency, direct redemptions, and decentralization. Its goal is to become a truly decentralized reserve asset on the Ethereum network.Long live Ethereum Reserve Dollar. On Ethereum, By Ethereum, For Ethereum.For more information and to stay updated please visit:Official website | Twitter | Discord | Whitepaper | GitHubContactCMOSteve HopkinsEthereum Reserve [email protected]
2 days ago cryptodaily
Ankr Launches Enterprise RPC On Microsoft Azure Marketplace
San Francisco-based Web3 developer hub Ankr has officially launched Enterprise Remote Procedure Call (RPC) services on Microsoft's Azure Marketplace, following their partnership announcement in February this year. The service is intended to provide Azure's vast customer base with low-latency, globally accessible blockchain connections, aiding them in their Web3 project and application development. Notably, Ankr's AppChains, a solution enabling enterprises to deploy dedicated, customizable blockchains, will also be made available on Azure Marketplace. Initial offerings will include the deployment of Polygon Supernets with a promise of more blockchain ecosystem choices in the near future. "Through this partnership, we are abstracting away what is often an impediment to testing, deploying, and scaling Web3 projects seamlessly," shares Daniel An, Microsoft's Director of Business Development. AppChains have been part of Ankr's product line-up for a year now. These scalable, application-specific blockchains facilitate decentralized app development and project execution for Web3 organizations. Their popularity among traditional enterprises has grown significantly due to their versatile application potential across banking, institutional clients, CBDCs, gaming, and more. By offering AppChains through the Azure Marketplace, enterprises have a vetted and trusted platform to explore and adopt this new technology. Ankr's AppChains aim to overcome significant hurdles faced by enterprises, such as scalability, user experience, and the cost of hiring new Web3 engineering talent. AppChains provide speedy and affordable transactions, seamless user experiences, regulatory compliance, and comprehensive engineering support. These advantages could streamline the transition to Web3 for many firms interested in the digital asset space. Peter Stewart, Head of Infrastructure at Ankr, praised the collaboration with Microsoft and highlighted their anticipation for increased demand following the Azure Marketplace launch. Simultaneously, Kev Silk, Ankr AppChains Lead, underscored Ankr's commitment to facilitating Web3 accessibility for large businesses through this enterprise-grade chain solution. "With Microsoft's guidance, we will continue to innovate and improve based on user feedback and performance metrics. This partnership has been remarkable, and we are excited for the future of our Enterprise RPC service," Stewart shares. Ankr, as an all-in-one Web3 developer hub, offers an extensive toolkit to build Web3 apps and establish high-performance connections to over 30 blockchains. Ankr is an approved infrastructure partner for constructing application-specific blockchains on ecosystems like the BNB Smart Chain, Polygon, and Avalanche. According to data from 2022, Microsoft Azure is the second-largest cloud service provider worldwide, commanding a market share of approximately 20%. Analysts predict that by 2024, global blockchain technology revenues are expected to reach $23.3 billion. Given this context, the Ankr-Microsoft partnership could be a significant step in catering to this emerging demand. The Ankr and Microsoft Azure collaboration represents an important development in the expansion of Web3, emphasizing the increasing importance of reliable infrastructure in fostering its growth. By facilitating the rapid deployment of customized blockchains and providing scalable connections to over 30 blockchain networks, this partnership could catalyze the mainstream adoption of Web3 technologies. Building Web3 infrastructure is akin to creating the foundational pillars of the next-generation internet. It provides the necessary groundwork that enables decentralized applications (dApps) and platforms to run smoothly. This not only enhances performance but also ensures that these platforms can effectively maintain the decentralized ethos at the heart of the Web3 vision. What's Next For Ankr and Microsoft Azure? Microsoft Azure's involvement in this endeavor is notable. As one of the leading cloud service providers, Azure brings extensive expertise in facilitating scalable, reliable, and secure cloud solutions for various applications. Its entry into the Web3 infrastructure space underscores the intersection of traditional tech giants with the burgeoning field of blockchain technology. In terms of broader implications, the Ankr-Microsoft partnership provides an excellent example of how cloud services can fuel the growth of Web3. Cloud computing, with its inherent flexibility, scalability, and cost-effectiveness, provides an ideal environment for developing and deploying dApps, smart contracts, and other blockchain-powered applications. In fact, the synergy of cloud computing and blockchain could serve as a catalyst for new business models and applications in the Web3 space. For instance, decentralized data storage and management, enhanced digital identity solutions, and streamlined supply chain systems are among the numerous potential applications of a blockchain-cloud fusion. Microsoft Azure, with its robust cloud infrastructure, has a history of fostering such innovations. The platform's as-a-service offerings – including Software-as-a-Service (SaaS), Platform-as-a-Service (PaaS), and Infrastructure-as-a-Service (IaaS) – have already disrupted multiple sectors. By extending these capabilities to Web3 infrastructure development, Azure could unlock new frontiers in the decentralized tech landscape. The integration of Ankr’s Enterprise RPC services and AppChains into Azure Marketplace, therefore, not only marks a significant step in Web3 infrastructure development but also demonstrates the potential of cloud services in accelerating the growth of Web3. As enterprises worldwide increasingly recognize the potential of blockchain technology, collaborations like these are likely to become more prominent, shaping the evolution of the Internet as we know it. Partnerships such as Ankr and Microsoft Azure's represent a critical step in this direction, bringing together the flexibility of cloud services with the transformative potential of blockchain technology. 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
As investors seek alternatives to Hedera, BNB and XRP. InQubeta (QUBE) proves to be a promising option.
Investing in cryptocurrency is one of the most rewarding ventures. The volatility of the crypto market makes it easy for cryptos to multiply or decline rapidly. With recent market issues surrounding some of the best cryptos, investors are actively searching for promising cryptos to boost their portfolios. InQubeta (QUBE) is the new kid on the block. The emerging token is one of the best investment options on the market. After attracting numerous enthusiasts, the coin has raised over $295k in presale. This presale success sets QUBE apart as a must-have token for any investor. InQubeta has solidified its position as the best cryptocurrency to invest in, alongside Hedera (HBAR), Binance Coin (BNB), and Ripple (XRP). As investors seek alternative investment options, these four tokens have the most promising and unique features. This article will examine why InQubeta, Hedera, Binance Coin, and Ripple are the best options for great returns. InQubeta (QUBE) is a unique decentralized crowdfunding platform for AI startups. InQubeta is a rising cryptocurrency taking the lead among other AI cryptos. The project provides an innovative platform that offers funding solutions for the budding artificial intelligence market. The token has shown massive growth potential after raising over $295,000 in the first week of the presale run. The InQubeta platform offers equity-based NFTs for investors looking to ride on the wave of AI. InQubeta's NFT marketplace enables AI startups to create and develop their NFTs as a fraction of their project. As a beginner cryptocurrency leveraging AI and the decentralized finance market, InQubeta has massive growth potential. The QUBE token is the best cryptocurrency to invest in because of its remarkable growth rate. The unique ERC20 token is set to rise by over 400% before its presale concludes. The token has sold over 70% in the "Beta Stage" and is projected to do more in the coming weeks. The demand for the QUBE token is about to skyrocket as the crypto market prepares for the next bull season. Investors can benefit from possible price increases and earn rewards from the dedicated reward pool by holding and staking QUBE tokens. Visit InQubeta Presale Hedera (HBAR) is a secure cryptocurrency for decentralized applications (dApps). Hedera is a decentralized network that provides a sustainable and more efficient open-source network for dApps. The platform uses a cutting-edge solution that eliminates older blockchain networks' limitations. Hedera uses a consensus mechanism that facilitates communication among dApps. HBAR became popular in the last bull run after a new all-time high. The coin's value has sharply declined since the beginning of the year. The HBAR token is, however, projected to bounce back in the next bull market. Binance Coin (BNB) shows new bearish signals. Binance Coin is the native token of the Binance network. The token has grown massively over the years due to the growing popularity of its host network. Binance Coin enables users to invest in dApps on Binance. Binance Coin has received great patronage, and the token is one of the best cryptos to invest in. The BNB token has spiraled downward, plunging below 7% in the last two weeks. Analysts believe that the negative pressure in the market causes this bearish stance. BNB might be struggling, but it is a worthy investment option. Ripple (XRP) is positioned for massive price gains. Ripple is getting media attention because of its move to expand the company using cash inflows. The platform announced that it had acquired stakes in Bitsmap, one of the oldest exchange platforms. Ripple could have significant gains because of this move. The XRP ledger recorded more than 1.32 million daily transactions in the first quarter of 2023. This token has promising growth potential. XRP is a good crypto with long-term returns. Conclusion As investors seek alternatives to boost their portfolios, InQubeta proves to be the most promising investment option. The beginner cryptocurrency is snowballing, and investors are enjoying its popularity. Furthermore, InQubeta's growing community is bringing together like-minded people interested in AI startups. This will allow users to share ideas, thoughts, and lessons about the crypto and AI markets. As a result of this, the InQubeta platform will gain more ground. Visit InQubeta Presale 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.
3 days ago cryptopotato
LYOTECH LABS Is Geared Up to Provide Innovative Tech Solutions
[PRESS RELEASE – Please Read Disclaimer] LYOTECH LABS, an R&D company committed to creating and providing advanced, dependable, and user-friendly technological solutions, is poised to serve as the technology partner for numerous businesses spanning various industries. With a focus on security and reliability, LYOTECH LABS aims to deliver cutting-edge products and services tailored to meet […]
3 days ago cryptodaily
Superman Released as Web3 Movie Experience
Iconic DC Super Hero Film, Superman, is being released as a multimedia living movie experience from Warner Bros. Home Entertainment and Eluvio. The experience Includes 4K UHD Feature Film and Special Features, Interactive Themed Navigation, Explorable Image Galleries, Discoverable Digital Easter Eggs, and more. Warner Bros. Home Entertainment, in partnership with content blockchain pioneerEluvio, announced the next instalment of the WB Movieverse with the iconic DC Super Hero filmSupermanWeb3 Movie Experience. The film is available for preview athttps://web3.wb.comand opens for purchase on June 9, 2023. The release ofthe SupermanWeb3 Movie Experience follows the 2022 first-of-its-kind Web3 entertainment offering‘The Lord of the Rings: The Fellowship of the Ring(Extended Edition)’ Web3 Movie Experience. The SupermanWeb3 Movie Experience is a multimedia non-fungible token (NFT) for fans to own and to engage with the 1978 Richard Donner film in a new and exciting way. Through dynamic menu options based on iconic locations from the film, owners can watch the movie in 4K UHD on a desktop, mobile, tablet or TV device. Viewers can access special features, view image galleries and artist renderings by notable DC artists, discover digital easter eggs, and sell the experience in a community marketplace. TheSupermanWeb3 Movie Experience will be offered instandard and premium editions. Standard Edition $30 for one week from 8:00 AM ET on June 9 to 7:59 AM ET on June 16 Includes an interactive location-based navigation menu,Superman: The MovieTheatrical Version, previously released special features and an image gallery featuring stills and behind-the-scenes galleries. Premium Edition $100 for 24 hours from 8:00 AM ET on June 9 to 7:59 AM ET on June 10 Includes three different variations separately available for purchase: Truth, Justice, and Hope. Each variation features an illustration of Christopher Reeves’ Superman from one of three DC artists - Ivan Reiss, Ben Oliver, or Bill Sienkiewicz. Each variation includes an interactive and explorable location-based navigation menu and three versions of the feature film –Superman: The MovieTheatrical Version;Superman: The MovieExpanded Director’s Cut, andSuperman: The MovieExtended TV Edition Additionally, each is debuted with previously-released special features, image galleries featuring costume and detail images from the Warner Bros. archive, and stills and behind-the-scenes galleries. The Superman Web3 Movie Experience will include a free voucher code for aDC3Super Power Pack: Series Supermanfrom theDC NFT Marketplace, offering three randomly selectedSupermancomics with rarities ranging from Common to Legendary. These packs are time-gated, open-edition drops, limited to one per account. New themed packs will launch every few weeks, so stay tuned for updates. Early access to all editions of theSupermanWeb3 Movie Experience will be available to DC Bat Cowl NFT holders at 8:00 AM ET on June 8, to DC3 holders at 11:00 AM ET on June 8, and toThe Lord of the RingsWeb3 Movie Experience holders at 2:00 PM ET on June 8. Michelle Munson, CEO and co-founder of Eluvio said: “For fans of this beloved and iconic film,Superman: The Movieis being released as an exclusive Web3 film and immersive digital collectable for the first time. As part of the WB Movieverse, consumers can easily watch, collect, and sell their film Web3 Movie Experiences on the blockchain in the Movieverse marketplace. For Warner Bros., and the broader industry, Eluvio is honored to back this novel digital sell-through experience for 4K films and premium video assets – all streamed from and backed by secure blockchain access and ownership on the Eluvio Content Fabric.” TheSupermanWeb3 Movie Experience will be available to the public on June 9, exclusively at, and can be purchased by credit card or cryptocurrency. To participate in this novel experience, fans can create a secure, easy-to-use media wallet that acts as a digital vault and enables consumers to stream and purchase content via credit cards or crypto wallets. Superman Web3 Movie Experience Powered by Eluvio Eluvio, a pioneer of Web3 innovation throughout the media and entertainment industry, powers the SupermanWeb3 Movie Experience. The Eluvio Content Blockchain provides a high-performance, simple-to-use, cost-effective Web3 platform built for content. It enables Web3 native media experiences, allowing publishers and fans to directly enjoy and monetizeshows, films, concerts, digital albums, digital collectables, interactive and metaverse experiences, and more. Content creators, and their communities, benefit from a significantly more carbon-efficient and high-performance alternative to traditional platforms for content streaming, distribution, and storage, including 4K streaming, ticketing, NFT minting, and trading of premium content. Notably, in this experience, the core digital assets and derivative NFTs are all on the blockchain, not just the token (NFT) itself. Warner Bros. Discovery Home Entertainment and fans enjoy blockchain-backed access control and content rights enforcement, scalable attestation of ownership, smart contracts that enable distributed royalties, and content experiences that can evolve. Eluvio’s Content Blockchain also provides a breakthrough in carbon-footprint efficiency in managing media, using blockchain technology, and on-chain content ownership. Through a novel compositional and just-in-time protocol, the Eluvio Content Blockchain does not make digital file copies. It significantly reduces network storage and usage requirements compared to traditional streaming and content distribution systems. It uses an eco-friendly “proof-of-authority” consensus, which avoids the high energy consumption used in computational “proof-of-work” blockchains. About Warner Bros. Home Entertainment Warner Bros. Home Entertainment (WBHE) distributes award-winning movies, television, animation, and digital content produced by Warner Bros. Discovery to the homes and screens of millions through physical Blu-ray Disc™ and DVD retail sales and digital transactions on major streaming sites, video-on-demand cable, satellite, digital, and mobile channels. WBHE is part of Warner Bros. Discovery Content Sales,one of the world’s largest distributors of entertainment programming. About Eluvio, Inc. Eluvio( is the content blockchain for the creator economy. The Eluvio Content Fabric is a utility blockchain network for owner-controlled storage, distribution, and monetization of large-scale digital content. It provides live and file-based content publishing, transcoding, packaging, sequencing, dynamic and static distribution, and derivative NFTs minting for all content experiences. Examples of companies and creators whose content blockchain initiatives have been powered by Eluvio include FOX Entertainment, Globo, MGM Studios, Microsoft, SONY Pictures, Telstra, Warner Bros. Home Entertainment, WWE, The Masked Singer,Dolly Parton, Black Eyed Peas,Rita Ora, independent filmmakers, and many others. Eluvio is led by Emmy Award-winning technologistsMichelle MunsonandSerban Simu, founders and inventors of Aspera, a pioneer in digital video transport technology, and a core team of innovators. Based inBerkeley, California, Eluvio has received numerous industry awards, including the prestigious Engineering Excellence Award by the Hollywood Professional Association and has been recognized with 11 US patents. 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
Unigrid Secures $25M Investment Commitment from GEM Digital, Partners WeSendit, Targets Cloud Giants
Unigrid, a pioneering force in the development of a decentralized and anonymous Internet, is excited to announce a significant milestone, a new strategic partnership, and an ambitious market positioning. Unigrid has recently secured a $25 million investment commitment from GEM Digital Limited. Additionally, Unigrid has partnered with WeSendit, the world's first file transfer service specializing in anonymous data transfer and decentralized storage solutions. Unigrid is poised to become a formidable European alternative to dominant providers such as Amazon AWS and Google Cloud. Unigrid's CTO, Adam Waldenberg, emphasizes the transformative power of blockchain technology in guaranteeing the permanence of information, thereby fundamentally reshaping the cloud industry. Businesses will be able to leverage Unigrid to deliver and store data at significantly lower costs compared to traditional cloud providers like Amazon AWS, resulting in substantial savings. Unigrid's innovation stems from the underutilized storage capacities found in numerous European data centers. By harnessing their blockchain node technology, Unigrid taps into this vast reservoir, which was previously seen as almost inexhaustible. Their intelligent blockchain application ensures secure data encryption and organization. Unigrid's groundbreaking "plug-and-switch" approach allows businesses to effortlessly monetize their available storage capacity, particularly during non-peak hours. This approach not only optimizes the use of idle server capacity but also provides an additional revenue stream for businesses. Customers benefit from cost-effective cloud services, and Unigrid envisions significant growth opportunities ahead. Even with a modest 0.1% market share in the global cloud business, CEO Evan Green envisions a turnover potential in the hundreds of millions. The substantial commitment from GEM Digital Limited is a testament to Unigrid's potential and the unwavering dedication of its team. It also signifies a strong vote of confidence from a group with a profound understanding of the digital asset space and a global reach. Unigrid's partnership with WeSendit marks a significant stride in its mission to revolutionize the Internet. WeSendit has been offering its file transfer service since 2014 and has since convinced more than 3 million customers, including global brands such as Nike, Facebook, Dreamworks, and Red Bull. The new platform WeSendit 3.0 and its central component, the $WSI token, mark the company’s transition from Web2 to Web3. WeSendit’s interdisciplinary team is developing a new generation of decentralized data processing tools that will encourage users to explore the benefits of the decentralized Internet. WeSendit's decision to leverage Unigrid's decentralized storage offering for its Web3 storage solution underscores the transformative power of Unigrid's technology. This commitment ensures a broad market launch for Unigrid this year, propelling its growth and market development. Unigrid remains open to additional seed commitments and private sales, with strategic guidance and expertise provided by Valuex AG, renowned specialists in strategy and blockchain technology. Unigrid is at the forefront of the next Internet revolution, providing a truly decentralized global network that is free from geographical limitations and centralized control. Unigrid's innovative solution is a game-changer in the cloud infrastructure landscape, offering a network that is completely anonymous and resistant to attacks. For more information about Unigrid, please visit For more information about GEM Digital Limited, please visit For more information about WeSendit, please visit About Unigrid Unigrid is creating a decentralized and anonymous cloud service, free from centralized control and resistant to attacks. Unigrid is committed to delivering a network that changes everything, forever. For more information, visit About GEM Digital Limited GEM Digital Limited is a digital asset investment firm. Based in The Bahamas, the firm actively sources, structures, and invests in utility tokens listed on over 30 CEXs and DEXs globally. Global Emerging Markets (“GEM”) is a $3.4 billion alternative investment group with offices in Paris, New York, and the Bahamas. GEM manages a diverse set of investment vehicles focused on emerging markets and has completed over 530 transactions in seventy-two countries. About WeSendit WeSendit is a Swiss file transfer service specializing in anonymous data transfer and decentralized storage solutions. The company has been a successful Web2 file transfer provider for almost 10 years and has now entered the Web3 era. Powered by the $WSI token, the new platform WeSendit 3.0 will help the world transition to the decentralized Internet of the future. For more information, visit Press Contact [email protected] Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
4 days ago cryptodaily
Bybit Boosts Middle East Presence With UAE Blockchain Scholarship
Crypto spot and derivatives exchange Bybit has reinforced its Middle Eastern credentials by inking a memorandum of understanding with the American University of Sharjah (AUS). The agreement with the United Arab Emirates seat of learning will support a scholarship in which Bybit is to contribute AED 1 million (US$272,000). The AUS collaboration with Bybit is the first of its kind and a further demonstration to the world that the United Arab Emirates is open for crypto business. The scholarship fund provided by Bybit will support the education of 20 students at the university as they carve out careers in fintech and blockchain. Bybit Digs Deep to Further Crypto Education The agreement enacted between Bybit and the AUS will enable blockchain students to rapidly get up and running; there are plans for the first scholarship grants to be disbursed this fall when the academic year starts. Computer science and computer engineering students who apply and are deemed eligible will have their tuition fees paid by the Bybit Scholarship. In addition to the AED 1 million scholarship fund, Bybit has pledged an additional AED 100,000 to sponsor a hackathon at the American University of Sharjah. This will be open to the local blockchain community, providing a testbed for innovative ideas to flourish and giving developers a chance to demonstrate not only their coding skills, but all their out-the-box thinking. Hackathons have proven a successful means of incubating crypto startups and giving developers a leg up on their blockchain journey. Over the years, numerous successful DeFi projects have been spun out of hackathons, where the best ideas can sometimes receive additional funding to turn a proof of concept into a working prototype. The maiden AUS-Bybit Inter-College Hackathon will take place at the AUS College of Engineering during the 2023-2024 academic year. “Younger generations hold the key in driving the blockchain revolution forward,” said Bybit CEO Ben Zhou. “We are pleased to create the Bybit Scholarship at AUS to help their talented students future-proof their knowledge and skills. We thank AUS for the opportunities to raise crypto awareness and share first-hand knowledge of the industry with students from one of the most prestigious universities in the region. I look forward to being inspired by the future engineers, blockchain scientists, and Web3 startup founders.” Crypto’s Big Hitters Eye the Middle East Bybit’s decision to support the initiative in the UAE arrives at a time when investment is pouring into the Middle East from a number of crypto exchanges intent on establishing a regional presence. While some have been attracted by the massive demand for digital assets across the region, others have been swayed by the hostile regulatory landscape elsewhere, particularly in the US. In April, Bybit opened its new headquarters in Dubai, the Middle Eastern stronghold for an increasing number of crypto companies. The city’s business-friendly credentials, world-class amenities, and excellent travel links have made it a favorite with crypto firms seeking a stable base of operations. The new Bybit HQ occupies an entire floor of One Central in the prestigious Dubai World Trade Center. 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
Cboe Gets Approval For Margin Trades On Crypto Futures Exchange
The Commodity Futures Trading Commission has approved an amended order of registration, allowing Cboe Clear Digital to clear additional products as a derivatives clearing organization. Green Signal For Cboe The announcement means that traders on Cboe Global Markets’ digital-asset exchange would be able to enter into margined Ether and Bitcoin contracts. The amended order will allow Cboe Clear Digital to offer clearing services for digital asset futures on a margined basis for futures commission merchants. “The Commodity Futures Trading Commission today approved an amended order of registration for Cboe Clear Digital, LLC (Cboe Clear) to clear additional products, subject to the terms and conditions specified in the order, as a derivatives clearing organization (DCO) under the Commodity Exchange Act.” This will be in addition to the fully collateralized futures and fully collateralized swaps that were previously approved. “The amended order permits Cboe Clear to provide clearing services for digital asset futures on a margined basis for futures commission merchants, in addition to the fully collateralized futures and fully collateralized swaps previously authorized.” Previously, Cboe only offered fully collateralized trading of cryptocurrency futures, which required clients to furnish the entire amount of a particular contract before trading. With margined trading, traders can put up less capital when opening a position. Furthermore, the physical settlement of digital assets will enable traditional financial firms to access Bitcoin and Ether futures without handing over custody to intermediaries. Cboe Digital president John Palmer added, “That’s where the concept of us also having a spot market has advantages. We didn’t want to have to force participants to custody or touch the physical asset.” Prudent Risk-Mitigation Measures Cboe Clear’s parent company, Cboe Digital Exchange, is registered with the Commodities Futures Trading Commission as a designated contract market. This gives Cboe the authority to expand its clearing of futures contracts for crypto assets while ensuring that it does so within the traditional US futures intermediated market structure. Christy Goldsmith Romero, the Commodity Futures Trading Commission president, in a separate statement, added, “The Order is accompanied by prudent risk-mitigation measures implemented by Cboe. I have been vocal about the benefits of bringing appropriate crypto activities into the regulated space in order to protect customers, but in a way that supports oversight, accountability, transparency, and risk management.” Romero added that Cboe’s application was in stark contrast with another from the now-collapsed cryptocurrency exchange FTX for a “bespoke disintermediated direct-to-customer market structure.” “Too often in recent years, crypto firms have sought to take a business model or market structure that exists in an unregulated environment and port it over to the regulated environment. “Cboe has not done that, instead operating within the parameters of the traditional futures market structure and regulatory framework. It has constructively engaged with the staff and my office to address concerns related to risk and implement risk-mitigating measures.” 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
Walbi AI-Powered Platform to Launch MVP, Enhance Decision-Making for Crypto Traders
Whether it's crypto, stocks, or forex, the cold hard truth is that most traders lose. An analysis of eToro trades revealed that nearly 80% of the platform's active users were unprofitable over the course of a year, with a 36.3% median loss. Another study found that 97% of futures traders in Brazil lost money over 300 days. Only 5% of Taiwanese day traders were profitable between 1992 and 2006. When the stakes are high, human error becomes costly. This is the case with trading, where trader decisions are often tainted with split-second decisions, panic-based actions, and a sunk cost fallacy mentality. This is likely why the stock market is increasingly run by machines and algorithms. Artificial intelligence has proved capable of tackling this challenge, and one company called Walbi has already designed an AI solution to assist crypto traders. Tapping Into the Power of AI Recent breakthroughs in generative AI have created tremendous hype around artificial intelligence tools. The technology has proven effective in tasks thought to be impossible for an algorithm, like content creation and art generation. Now, AI technology is increasingly prolific in the financial industry. While robo-advisor AUM is expected to reach $2.02 trillion by 2027, startups are leveraging AI to enhance crypto trader performance. AI offers the advantage of processing data much faster than a human. Where a human has to spend hours or days understanding trends and making decisions based on them, an AI can recognize patterns in seconds and offer advice to the trader. It can analyze the market in real-time and catch sudden shifts, fraud, and malicious activity, and even make low-level trading decisions. This allows traders with AI assistance to make quick and confident trading decisions, which in the trading world is incredibly important. Walbi is currently building a crypto trading platform that offers all these benefits, and the project is expected to achieve a significant milestone with the launch of its minimum viable product (MVP) in June 2023. Walbi's AI-Driven Crypto Trading Solution Walbi is a next-gen hybrid decentralized finance (DeFi) platform consisting of a crypto exchange, non-custodial Web3 wallet, and AI tool suite to supercharge trader decision-making. The project has multiple flagship solutions that aim to fulfill Walbi’s mission to make the blockchain industry simpler and more intuitive for everyone. The first one is the Walbi Exchange, a crypto exchange offering up to 500 times more leverage for futures traders without a mandatory KYC. Besides managing liquidity, Walbi's AI tools optimize the order book by predicting demand for digital assets and automatically detecting wash trading, spoofing, and other malicious activity. Besides Walbi Exchange, the project will offer: Walbi Lighthouse: An AI-based trading assistant that does research on behalf of traders and assists them with real-time financial data analysis and personalized trading advice. Lighthouse helps traders make more confident and well-informed decisions while minimizing the risks of human error Walbi Earn: Allows users to stake their crypto assets on Walbi to earn interest without any locking periods and with weekly payouts Walbi Cloud Miner: A cloud mining solution enabling users to mine BTC without purchasing or operating expensive equipment Walbi Wallet: A decentralized, non-custodial Web3 wallet offering users full control over their funds Walbi's Upcoming MVP Launch Walbi is currently in closed alpha but will soon launch its MVP. This release will expand the project's ecosystem with several features and functions, including: WalletConnect integration digital asset deposits and withdrawals margin trading AI-driven trading insights via Walbi Lighthouse the Walbi Waves invite system Besides the features listed above, Walbi's roadmap includes numerous future feature releases. During Q3-Q4 2023, the platform plans to launch WalletConnect integration and margin trading, NFTs, Walbi Lighthouse, and token swaps. Walbi Waves and Cloud Mining, Walbi Exchange, Walbi Earn and portfolio tools, and Walbi Wallet will become accessible to platform users throughout 2024. Crypto Trading, Supercharged Artificial intelligence models are poised to be an unprecedented improvement to trader performance which has long struggled with unprofitable strategies and approaches. Walbi is arriving soon and will be one of the first to leverage the power of AI to make trading faster, easier, and safer. With the assistance of AI tools, the project enables crypto traders to make data-driven decisions, potentially increasing their long-term profitability. Want to learn more about Walbi? Check out the project's blog and subscribe to its Telegram and Twitter channels. 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 nulltx
Here’s The Possible Impact The Debt Ceiling Vote Will Have On The Cryptocurrency Space
The debt ceiling vote is a complicated matter with numerous potential effects on the crypto industry. A U.S. debt default, in the opinion of some analysts, would trigger a sell-off of risky assets like cryptocurrencies. This is because a default would indicate that people no longer have faith in the US government’s capacity to pay […]
5 days ago cointelegraph
'Crypto Tsar' needed to ensure coordinated approach in the UK: EU lawmakers
APPG Chair Lisa Cameron emphasized the report's significance in securing the UK's leadership in the crypto sector and safeguarding consumers.
5 days ago cryptodaily
Spheroid Universe Coin to be Listed on MEXC Exchange
Dubai, United Arab Emirates, June 5th, 2023, ChainwireSpheroid Universe, a futuristic Metaverse that augments the real world in every part of the Earth, is announcing that their token, SPH, will officially be listed on MEXC today, on June 5th.Founded in 2018, MEXC (also known as MEXC Global) is a rapidly-growing cryptocurrency exchange with more than 6 million users in over 200 countries, including the USA, UAE, Canada and Australia. MEXC is regularly featured as one the top exchanges globally for trading volume. The exchange offers one of the widest ranges of cryptocurrencies with over 1,500+ coins listed on the platform. It brings a wealth of experience listing top-performing tokens, with a reach that only a handful of exchanges in Crypto have, helping Spheroid Universe go global.The move follows the company’s recent launch of ChatGPT-powered artificial intelligence (AI) Avatars that will inhabit the world around us via augmented reality (AR). This ground-breaking development will deliver breakthrough opportunities across numerous business platforms - from e-commerce and retail to advertising, sales, general customer, and consumer interactions and more.Commenting on the announcement, Andrey Almiashev, CEO, of Spheroid Universe said: “Launching our token on MEXC will place SPH firmly on its trajectory towards growth as well as will bring the bandwidth that aligns with our aspirations for Spheroid Universe - putting Spheroid Universe as a leader in the metaverse projects, and the entire Extended and Augmented Reality industry.”Spheroid Universe aims to be the battle-tested AR/XR platform across the entire landscape of web3, XR/VR and metaverse industries, ultimately helping to define the internet experience of the future.Brands and organizations that are looking to create an immersive digital experience will make Spheroid Universe the place where they can truly demonstrate innovative experiences.About SpheroidSpheroid Universe (Spheroid), an Extended Reality Metaverse company. It’s a platform for developing Extended Reality projects. The technological basis of the platform is the Spheroid XR Cloud and the Spheroid Script programming language designed for AR/XR creation.SPH is the native token of the Spheroid ecosystem that fuels the activities of the platform. It can be exchanged for Spaces (virtual lands of the Spheroid Universe), used for advertising in AR/XR, placing content, and for various platform services. Among the products powered by SPH there is Spheroid Earth – an open global project for creating Earth 3D Digital Twin.For further details, please visit Spheroid Universe's Official website or follow them on Twitter and InstagramContactHead of PRYousef BatterWhite Label [email protected]+971559356531
8 days ago cointelegraph
CFTC commissioner says proposal to reassess risk management could consider crypto
Christy Goldsmith Romero pointed to the collapse of FTX, Terra and Celsius in having the CFTC reconsider the way it handled risk management.
8 days ago cryptodaily
Polygon Brings In Deutsche Telekom As Node Validator
Germany's Deutsche Telekom has joined Polygon as a validator, signaling its support for the Ethereum layer-2 scaling protocol and expanding its involvement in the blockchain technology space. Deutsche Telekom aims to explore new revenue streams and enhance network security through its participation as a validator. The company's subsidiary, Deutsche Telekom MMS, will operate as a validator for Polygon, contributing to the security, governance, and decentralization of the platform. As a validator, Deutsche Telekom will run a full node, produce blocks, validate transactions, and participate in the consensus process. This move strengthens the overall integrity and interoperability of the Ethereum ecosystem. Dirk Röder, Head of the Blockchain Solutions Center at Deutsche Telekom, views the collaboration with Polygon as a significant milestone for the company's aspiration to become a key player in Web3 infrastructure. Deutsche Telekom aims to serve institutional clients as a reliable enterprise-grade staking provider and leverage the existing infrastructure to monetize the native token of the underlying blockchain network. This strategic move allows Deutsche Telekom to tap into the growing potential of blockchain technology and establish a foothold in the evolving digital economy. The involvement of mainstream telecommunications companies like Deutsche Telekom in the Web3 space can contribute to the greater decentralization of proof-of-stake blockchains. Röder emphasizes the importance of having a diverse and reliable validator set in a decentralized ecosystem. Other telecommunications companies are also exploring opportunities in this domain, fostering a more robust network infrastructure for blockchain platforms. Michael Blank, CEO of Polygon Labs, believes that collaborations between blockchain projects and mainstream businesses like Deutsche Telekom can pave the way for wider adoption of blockchain technology across various industries. The partnership not only strengthens Polygon's network security and governance but also showcases the practical applications of blockchain beyond cryptocurrencies. Polygon's blockchain ecosystem offers a suite of protocols for developers to access major scaling solutions, including zero-knowledge rollups, sidechains, app-specific chains, and data availability protocols. As a validator, Deutsche Telekom MMS will contribute to the security and decentralization of Polygon's proof-of-stake sidechain and Supernets app-chains. Currently, Polygon's PoS chain hosts numerous decentralized applications, processing millions of daily transactions and locking over $1.2 billion in Total Value Locked. Deutsche Telekom's participation as a validator on Polygon demonstrates the increasing recognition of the potential of blockchain technology by established companies in the telecommunications industry. This collaboration strengthens Polygon's network infrastructure while bridging the gap between traditional businesses and the blockchain ecosystem. The partnership between Deutsche Telekom and Polygon highlights the continued growth and integration of blockchain technology into mainstream operations. Such collaborations between traditional industry firms and blockchain companies advance the possibilities for transformative applications and advancements in the digital landscape, merging new horizons to expand the use case and adoption of blockchain technologies beyond crypto. 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.
8 days ago coindesk
U.S. Commodities Agency May Change Risk Rules to Consider Crypto
The U.S. Commodity Futures Trading Commission (CFTC) has proposed an overhaul of its rules for risk management, and Commission Christy Goldsmith Romero said the changes should insist firms prepare themselves for crypto volatility and the risks from holding customers’ digital assets.
10 days ago nulltx
As Uniswap (UNI) Dominance Increases, DigiToads (TOADS) Presale Gears Up for Impressive Results
DigiToads is one of the newest projects coming to life in the crowded meme coin market. Despite the ferocious competition, the project differentiates itself due to its unique business model breaking the mold, enticing investors with numerous use cases and real utility that helps them achieve financial freedom. Read on to find out more about […]
12 days ago cointelegraph
Amex planning to use AI for ‘approving cards and lines of credit’
American Express plans to extend its AI capabilities through partnerships despite having experimented internally with numerous machine learning-powered services.
15 days ago cointelegraph
Crypto firm Gemini picks Ireland as European base amid US crypto blues
Cameron Winklevoss has predicted a “Cambrian explosion” in European innovation once regulations are rolled out.
16 days ago cryptopotato
Zero Age Ventures Unveils Impactful Private Fund to Investors
[PRESS RELEASE – Perth, Australia, May 25th, 2023] The team behind the Australian Kosmos Ventures is excited to unveil their new investment vehicle, Zero Age Ventures, focusing on blockchain technology. The new fund looks to build on the successful legacy of the Kosmos Fund I. Originally established in 2017, Kosmos made numerous seed investments in […]
17 days ago cryptopotato
Crypto Hub Agency Creates and Distributes Launchpad Ownership Among Web3 Investors
[PRESS RELEASE – Lisbon, Portugal, May 24th, 2023] In the dynamic world of cryptocurrencies, launching a new token or project can present numerous challenges, particularly when it comes to securing traditional funding options. However, a groundbreaking solution has emerged in the form of crypto launchpads, offering streamlined processes that enable projects to gain exposure, funding, […]
25 days ago cryptopotato
Merov Introduces a Suite of Services for the Bitcoin Mining Industry
[PRESS RELEASE – Salem, Oregon, May 15th, 2023] Merov is proud to announce the launch of its comprehensive suite of services designed for the Bitcoin mining industry. The suite of services includes Merov Hosting, Rejuvit Systems by Merov, and Merov Marketplace, each providing solutions to the needs of the Bitcoin mining industry. “As a pioneer […]
30 days ago nulltx
Nexo (NEXO), dYdX (DYDX), and Tradecurve (TCRV): Which one has investors talking?
The current outlook on traditional finance is rather bleak, with numerous major banks collapsing and inflation reaching record levels investors and savers are forever looking at assets which can house their hard earned capital. As such, many began diversifying into cryptocurrencies with three specific tokens capturing a whirlwind of attention; they include Nexo (NEXO), dYdX […]

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The live price of Mero (MERO) today is ? USD, and with the current circulating supply of Mero at ? MERO, its market capitalization stands at ? USD. In the last 24 hours MERO price has moved ? USD or 0.00% while ? USD worth of MERO has been traded on various exchanges. The current valuation of MERO puts it at #0 in cryptocurrency rankings based on market capitalization.

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