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9h agocryptodaily
Orthogonal Trading Gets Default Notice for $36M Debt
Orthogonal Trading has defaulted on eight loans worth around $36 million on DeFi lending protocol Maple Finance. The default has resulted in Maple Finance severing ties with Orthogonal Trading for misrepresenting its financial position. A $36 Million Default It has emerged that crypto firm Orthogonal Trading has defaulted on $36 million worth of loans taken on DeFi lending protocol Maple Finance. The default came after it was revealed that Orthogonal Trading’s funds had become tied up with bankrupt crypto exchange FTX. The default is considered significant, impacting 30% of all active loans on the lending protocol. As a result of the default, Maple Finance has severed all ties with Orthogonal Trading. Orthogonal Trading runs a credit business and a crypto hedge fund. According to the statement released by Maple Finance, it is removing the firm as a borrower on the Maple Finance platform, and also removing Orthogonal Credit as a delegate, and shutting down its lending pools. M11 Credit Issues Default Notice Orthogonal was due to repay a $10 million USDC stablecoin loan from a credit pool managed by M11 Credit. The company was a significant borrower on Maple Finance and also a manager and underwriter of a credit pool on the DeFi protocol. As a result of the default, M11 Credit issued a notice of default to Orthogonal for all of its outstanding loans on Maple’s USDC Stablecoin Pool. The majority of the defaults, amounting to around $31 million, are in the M11 USDC pool, run by M11 Credit. The default notice also covers Orthogonal’s wrapped ether (wETH) loans worth around $5 million. This loan is from another M11 Credit-managed lending facility on Maple. In a blog post, M11 stated that Orthogonal misstated their exposure to FTX. The post added, “We believe that Orthogonal Trading previously purposefully misstated their exposure and has therefore committed a serious breach of the Master Loan Agreement (MLA). Rather than cooperating with us and disclosing their exposure, they attempted to recover losses through further Trading, ultimately losing significant capital.” According to M11 Credit, Orthogonal only informed them on the 3rd of December that it had incurred larger than disclosed losses due to its exposure to FTX and, as a result, would not be able to repay its debt. “We are extremely shocked and disappointed by the actions of Orthogonal Trading. Purposefully misstating information during the numerous contacts we have had over the last weeks severely impacted our ability to manage our outstanding credit risk.” Maple Finance Severs Ties As a result of the default, Maple Finance decided to sever ties with Orthogonal, stating that the company had misrepresented its financial position. In a scathing statement, Maple stated that Orthogonal was “operating while effectively insolvent” and did not communicate to Credit M11 or Maple Finance that it would be unable to service the debt. The statement added, “It is now clear that they [Orthogonal Trading] have been operating while effectively insolvent, and it will not be possible for them to continue operating a trading business without outside investment. Misrepresentation like this is in violation of Maple’s agreements, and all appropriate legal avenues to recover funds will be pursued, including arbitration or litigation as necessary.” According to a Maple Finance spokesperson, the firm expects to recover at least $2.5 million, which will be used to cover the damage from the default. These funds will come from the pool cover and fees accrued by Orthogonal, which are still on the platform. M11 Credit is also considering legal action against Orthogonal, hoping to recover some of the funds. Maple Finance Founder Disappointed By Events Sid Powell, the founder of Maple Finance, revealed that he was shocked and disappointed by the incident. However, he also acknowledged the growing need for more stringent due diligence when it comes to undercollateralized lending. He added that the platform might look to introduce partially collateralized loans moving forward. Powell also assured users that the protocol locks pool funds in separate smart contracts and that the losses were limited only to the impacted pools. Funds in other pools remained safe, Powell stressed. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
1 day agocoindesk
Most Influential Artist: Yosnier
A 23-year-old artist doesn’t want to come across as sympathizing with Sam Bankman-Fried, who lost numerous people’s life savings in FTX's collapse.
1 day agocryptodaily
Bybit To Cut Workforce Amidst Fears Bear Market Is Here To Stay
Bybit has announced that it will be laying off nearly 30% of its global workforce, becoming the latest cryptocurrency exchange to do so. The move comes as fears grow that the bear market is here to stay for the foreseeable future, despite minor market gains. A Significant Cut In Workforce Bitcoin has been unable to push back above the $20,000 mark, signifying that the bears have the crypto markets firmly in their grasp. This has had a crippling impact on the markets, as numerous companies and trading platforms lay off staff members to align themselves with the new market reality. The latest to join this list is Bybit. With the overall cryptocurrency market vastly different than what it was just over a year ago, several companies have seen an adverse impact. Crypto exchanges have faced the brunt of these changes, and Bybit has become the latest exchange to slash its workforce. The Singapore-headquartered exchange announced plans to reduce its existing workforce by 30%. The move is seen as part of a larger reorganization of the business as Bybit looks to refocus its efforts during the ongoing bear markets. Bybit CEO and co-founder Ben Zhou made the announcement. The CEO also apologized to those impacted by the cuts, stating that the downsizing was necessary. “Difficult decisions made today, but tough times demand tough decisions. I have just announced plans to reduce our workforce as part of an ongoing reorganization of the business as we move to refocus our efforts for the deepening bear market. It’s important to ensure Bybit has the right structure and resources in place to navigate the market slowdown and is nimble enough to seize the many opportunities ahead.” Details Of The Move Crypto industry analyst Colin Wu shed some light on the recent layoffs, stating that the layoff ratio was 30%. He further added that the axed employees would get three months’ salary as compensation. The move comes after the exchange had also laid off 30% of its workforce back in June 2022. The platform had seen stunning growth, with its workforce swelling from just a couple of hundred employees to nearly 2000 at the height of the bull markets. Bybit offers its users around 345 trading pairs and 265 coins and maintains a reserve of $1.88 billion. Not The Only One Announcing Cuts Bybit is not the only cryptocurrency exchange platform that has cut its workforce amidst the crippling bear market. According to data sourced from tech industry layoff tracker, 17 crypto companies have undertaken significant staff cuts in November. and Coinbase were among the first platforms to announce cuts, with the former reducing staff by several hundred employees, while Coinbase announced that it was cutting 18% of its workforce in June. The cuts in November saw Kraken announce that it was cutting 30% of its 1100-strong workforce. It stated at the time that the reduction in staff would take the company’s team size back to what it was just a year ago. Bitso and Coinjar also announced cuts at their end, while reports stated that Bitfront was completely shutting down. Other exchanges that announced cuts were Blockfi, which also filed for bankruptcy, DapperLabs, BitMEX, NYDIG, Mythical Games, WazirX, and Australian cryptocurrency exchange Swyftx. A Cold Crypto Winter Intensifies According to Zhou, recent issues with Blockfi, which filed for bankruptcy, and Genesis, demonstrate that the current bear markets are significantly harsher than expected from both industry and market perspectives, adding that tough times demand tough decisions. Against this backdrop, the markets have made marginal gains over the past 24 hours. However, the overall picture remains extremely bearish. Total market capitalization is hovering around $900 billion but remains a far cry from their record-setting levels of over $3 trillion, achieved in November 2021. 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 agocryptodaily
Flasko (FLSK) Has The Potential To Surpass Polkadot (DOT) and Cosmos Hub (ATOM)
The cryptocurrency market is expanding fast, and the value that individual projects' infrastructure efforts bring to the table is a major reason for this expansion. Two blockchain-based cryptocurrency projects, Polkadot (DOT) and Cosmos hub (ATOM), have established themselves as industry leaders. New cryptocurrency projects' blockchains, like Flasko's, are more advanced and competitive. Polkadot (DOT)’s Value Is Decreasing Day By Day Polkadot (DOT) is an open-source blockchain platform. The purpose of this blockchain was to establish a decentralized web that everyone could access. There was an initial success for Polkadot (DOT). Polkadot (DOT)’s growth rate was once higher than Ethereum's. Polkadot(DOT) is the platform’s token, a vital feature of its user-driven governance structure. In 2021, Polkadot (DOT) was a huge success. Roughly in November, it reached a new peak, bringing in a lot of profit for investors. Fast forward to today, investors are going elsewhere because of the stagnation of Polkadot (DOT). Polkadot (DOT) sells for $5.132, down 88% in one year. Cosmos hub (ATOM) 2.0 Gets Rejected To increase scalability, security, and liquidity in the blockchain ecosystem, Cosmos hub (ATOM) is working to develop a decentralized, easy-to-join, interoperable meta-layer. Often called "the internet of blockchains," Cosmos hub (ATOM) is a network that links decentralized ledgers together using a special protocol called the Inter-Blockchain Communication Layer (IBC). Cosmos hub (ATOM) members voted to reject Proposal #82, "ATOM 2.0: A new vision for Cosmos Hub," after weeks of heated discussion and a stressful two-week voting session. The concept was promoted as the subsequent stage in the development of Cosmos hub (ATOM). The whitepaper proposed several changes to the Cosmos hub (ATOM) protocol, including a radical reworking of Cosmos hub (ATOM)'s tokenomics and developing two new tools, the Interchain Allocator and the Interchain Scheduler. Huge Financial Gains From Flasko (FLSK) Are Expected Among the cryptocurrencies that have the potential to generate significant profits in 2023, Flasko is the most attractive. The coming years belong to cryptocurrencies, and NFTs backed by physical assets that hold value in the real world. This is why the Flasko protocol will allow the purchasing of fractionalized NFTs backed by bottles of expensive wines, whiskeys, and champagnes. Thanks to a successful first stage of the presale, Flasko has entered the second stage and is priced at $0.099 per presale token. In 2023, this figure is projected to rise by a whopping $6.5, which is an amazing prediction by numerous experts in the field! The right time to purchase Flasko tokens is right now! You will regret missing this once-in-a-lifetime opportunity of purchasing Flasko tokens when it's in the presale stage, so check out the links below and get yourself enrolled in the Flasko presale! Website: Presale: Telegram: Twitter: 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.
5 days agocointelegraph
US CFTC commissioner calls for new category to protect small investors from crypto
Speaking the FIA meeting in Singapore, Christy Goldsmith Romero compared the typical crypto investor, who may be of modest means, with the investors the CFTC is used to.
8 days agocryptodaily
Stellar (XLM) and Fantom (FTM) Struggle, But Flasko (FLSK) Gains Attention
The recent state of the crypto market has been rather erratic. Few cryptocurrencies were doing so well in the past. But today, most of them, like Stellar (XLM) and Fantom (FTM), have been experiencing several difficulties. To fill the void, numerous fresh and cutting-edge cryptocurrencies are emerging. One example is Flasko. Stellar (XLM) and Fantom (FTM) investors are now looking forward to giving up on their investments and purchasing Flasko presale tokens. Stellar (XLM) Will Continue To Struggle 2022 hasn't been Stellar's (XLM) greatest year. Due to the challenging market circumstances, it faced a variety of difficulties. Stellar (XLM) has recently delivered some short-term profits, but they cannot provide the token purchasers with noteworthy returns. Investors who have already bought Stellar (XLM) tokens are encouraged to give up their tokens and buy alternative coins such as Flasko. Fantom (FTM) Could Do Better For Investors Fantom's (FTM) original goal was to provide a platform for decentralized apps. Soon after its launch, this blockchain catches the interest of cryptocurrency traders and aficionados. It is not only quick but also affordable and safe. Compared to other platforms, you can see how beneficial Fantom (FTM) was. However, right now, Fantom’s (FTM) value isn't rising. Flasko (FLSK) Is Regarded As An Excellent Investment Anyone looking for a fantastic cryptocurrency investment should consider Flasko. The Flasko initiative offered a brand-new project for cryptocurrency investors to consider. Flasko allows investors to purchase NFTs that are backed by pricey, rare wines, whiskeys, as well as champagne. Flasko token is now worth around $0.085. Anyone may purchase the token during the presale. And according to experts, the price of Flasko will exceed $3 by the end of the year. Anyone interested in enjoying massive gains in the future should invest in Flasko now. Website: Presale: Telegram: Twitter: 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
15 days agocryptodaily
Increased Polkadot Activity Shows Appetite for Decentralization
An uptick in new user accounts on Polkadot has lent weight to the suggestion that the era of centralization in crypto is finally coming to an end. New analysis from Dot Insights shows there has been a big jump in on-chain activity on Polkadot. At the same time, account activity on the network has risen substantially over the past couple of weeks. More specifically, the two increased metrics refer to the number of new and active accounts on Polkadot, which have soared despite the turmoil afflicting the wider cryptocurrency market. Polkadot’s increased activity comes against the backdrop of the spectacular collapse of FTX, a highly centralized cryptocurrency exchange that, according to some, was the second-largest in the world based on its trading volume. Its collapse saw thousands of investors lose whatever funds they held on the exchange, and as bankruptcy proceedings begin it’s not clear if those users will be able to recoup their losses. Centralized exchanges like FTX grew rapidly in recent years because they provided consumers with a simple onramp to crypto. However, as recent history has shown, many of those centralized exchanges disregarded consumer protections in pursuit of profitability, resulting in numerous meltdowns that have dragged on the industry. Consumers are learning of the risks of centralization the hard way. FTX wasn’t the first, as anyone who held funds on Mt. Gox can testify. And it won’t be the last either - already, several other exchanges have come under pressure following FTX’s collapse, including BlockFi and Gemini. The inevitable conclusion to be drawn is that centralized platforms pose a significant risk to crypto investors, and it’s time for the community to reject them for something better. The community should take note that crypto was never about getting rich quick, as so many investors in the space seem to believe. Rather, crypto is about true individual ownership and self-sovereignty of our finances. It’s an alternative system of finance where individuals hold the keys to their own wallets, and can trade, borrow and lend without a centralized intermediary. The vision of Bitcoin founder Satoshi Nakamoto was to give people a way to take back control of their finances, in response to the 2008 financial crash. He or she created Bitcoin as a response to the truism that power corrupts - if someone controls your money, they’ll likely end up abusing that trust. This is evident in crypto, with centralized exchanges that misuse customer’s funds and dig themselves into a bottomless pit. The only viable path forward is to embrace the true spirit of decentralization. Crypto must be controlled by its users, with no more reliance on corrupt exchanges that are no different from Wall Street’s bankers. The good news is that the crypto community is taking note. In the last two weeks, the number of daily new accounts on Polkadot grew by almost 10 times. In the same period, the number of active accounts increased four times. Dot Insights, a project that monitors the Polkadot and Kusama ecosystems, said the number of active accounts on Polkadot increased from 1,000 to 4,516 in the last two weeks, amounting to a 300% increase. 2/ The number of daily new accounts on Polkadot has SURGED by nearly 10 times in the past 2 weeks alone, while active accounts have increased 4 times! — Polkadot (@Polkadot) November 14, 2022 That people are turning to Polkadot in times of turmoil is no surprise, as Polkadot has always been among the fiercest of advocates for decentralization. The spike in new daily accounts and active users began just as news of FTX’s problems began hitting the headlines, and accelerated as the true scale of the disaster became apparent. So Polkadot’s growth in activity can be directly attributed to the liquidity that flowed out of FTX - as people withdrew their money from that platform, they looked for a safer haven, and there’s nothing safer than your own, non–custodial wallet. When times are tough, it seems that investors realize that their tokens are safer in their own possession. Many crypto influencers also urged their followers to withdraw their funds from exchanges and put them into cold storage. Polkadot’s increased activity shows that the crypto world is ready for decentralization. Decentralized trading platforms provide big benefits over their centralized brethren. There’s a lack of counter-party risk, transparency and on-chain settlement. It’s impossible for any decentralized platform to take risks with customer’s funds, because they never actually see those funds. A properly implemented DeFi-based economy will therefore serve everyone equally, with consumer protection encoded within its very foundation. There’s still work to be done. One of the biggest challenges is the need for a solution to avoid people losing their private keys, and therefore access to their funds. However, advances in multi-party cryptography and social guardians can solve this conundrum, allowing DeFi users to say goodbye to the days of seed phrases for good and finally take back control of what is rightfully theirs. 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
19 days agocryptopotato
Northern VoIP Announces Dates and Tokenomics About New xNVL Asset
[PRESS RELEASE – Please Read Disclaimer] The cryptocurrency industry has far outgrown its initial stages from a decade ago when bitcoin was first introduced to the world. The tech behind the world’s first and largest digital asset has become an immense part of numerous industries, such as VoIP services. Today, we will look at a […]
19 days agocryptodaily
Bettors and Players Win Together in a New 1xBit Tournament
Have you been involved in crypto gambling, wondering when you’ll win big? Well, this World Cup in Qatar may be your chance. You don’t even have to travel down to watch the match before earning some funds. All you need to do is participate in Ticket Rush, the latest 1xBit tournament, and you might just be one of the many lucky winners. Ticket Rush is your ticket to winning from simply supporting your favorite national team. This is one for football lovers with die-hard excitement for their national teams. You simply have to hunt for tickets to get on top. If you’ve been looking for how to maximize your excitement for the World Cup, jump on this train to learn all you need about Ticket Rush The tournament will feature three different categories with different prize sizes. These categories include: Individual match tickets: these tickets are for bets on any World Cup match of your choosing. This is where you can exercise your will conveniently in selecting the teams you think would win. Supporter tickets: Here, you pick 8 countries during the group stage and place your bets on any of them. Play-off tickets: These are tickets for play-off matches One thing that makes Ticket Rush worth its name is the number of people eligible to participate. You'll find this suitable whether you’re a player or a bettor. Additionally, there’s a long list of prizes, making the tournament meaningful for many. The Individual match ticket prize draw has 1 winner per place, with the 1st place winner going home with 500 mBTC. The Supporter tickets prize draw has 32 winners per place with the 1st place winners emerging with 10 mBTC. Finally, the Play-off tickets prize draw has 1 winner per place with the 1st place winner emerging with 250 mBTC. 1xBit: Refined Gambling Experience As the fastest and leading crypto sportsbook, 1xBit is passionate about rewarding players' efforts in an exciting fashion. The platform provides its users with numerous benefits to maximize the crypto gambling space. By the way, these benefits are perfect for bets on Qatar 2022 - players can take advantage of them and profit while watching the most anticipated event in the football world. You can make bets on 1xBit using over 40 altcoins. This unique 1xBit feature eliminates the need for fiat. It removes the stress of first converting your cryptocurrency to fiat before depositing it in a sportsbook to bet on your favorite games. Instead, you can utilize these currencies directly, allowing you to maximize their value without losing any of it to conversion fees. Even more, 1xBit is constantly looking for relevant partnerships and new coins to add. You also enjoy instant payouts with zero fees. This allows you to enjoy your winnings without adversely affecting the platform’s fee structure. 1xBit also provides educational materials on crypto gambling to help you get started with the necessary tips to navigate the field. Join 1xBit now and get a Welcome Bonus up to 7 BTC. Use promo code XXXXXX for a 125% 1st deposit bonus! Participate in Ticket Rush - with 1xBit, the world is your stage! 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.
22 days agocryptodaily
ARGOS ID presents the World’s First Travel Rule Solution for Unhosted Wallets
Seoul, South Korea, 14th November, 2022, ChainwireARGOS ID is delighted to introduce the world’s first Travel Rule solution for crypto wallets. The service brings full coverage on verifying unhosted wallets which virtual asset service providers(VASPs) find challenging in the current stage. As of the FATF guidance on verifying the originator and beneficiary information on virtual asset transactions, knowing the identities of the crypto wallet holders have been required. In order to comply with the FATF’s guidance regarding unhosted wallets, jurisdictions have started applying enforcement and supervisory measures to local VASPs. To jurisdictions looking for a simplified Travel Rule solution, especially for personal crypto wallets, ARGOS ID plays a key role. ARGOS ID brings the following benefits to VASPs: Easy connection to unhosted wallets With ARGOS ID, crypto wallet holders can easily verify the information of their multiple crypto wallets. Creating a crypto wallet is done without submitting any personal information. In order to verify the holder of the crypto wallet, it is necessary to verify the identity information of the wallet holder. ARGOS ID helps on identifying the unhosted wallet users to both the originator and the beneficiary. After the creation of the ARGOS ID users can connect to multiple crypto wallets such as MetaMask, Phantom, WalletConnect, and more with just a one-time identity verification process(KYC). Digital ID suitable for Web 3 environment ARGOS ID provides an ideal environment where individuals can manage information by themselves. It is suitable for the Web 3 environment as ARGOS ID users can decide which information to delete or revise after completing crypto wallet verification. Information includes SNS login, verified crypto wallet, and photos submitted for ID and selfie during the KYC. The owner of the wallet can manage his or her personal information as ARGOS ID is a self-sovereign digital ID. Simplified procedure for verifying multiple personal wallets Connect multiple crypto wallets with one-time KYC (Know Your Customer). The KYC process must be completed after creating ARGOS ID. Currently, ARGOS ID supports 5 blockchain networks - Ethereum, Solana, Binance Smart Chain, Polygon, and Klaytn - and more will be added in the future. Post creating ARGOS ID with social login, KYC is performed. Once KYC is completed, multiple crypto wallets such as MetaMask, Phantom, and WalletConnect can get connected and verified through ARGOS ID. Virtual asset transactions available to the Third Party ARGOS ID lets virtual asset transactions be possible for a third party, which means sending the virtual asset to non-VASP customers is also possible. For example, when a VASP customer wishes to send virtual assets to a third party, a person who is not a VASP customer, ARGOS ID can also be applied. Crypto wallet verification is available with ARGOS ID to both VASP customers and non-customers. Once both crypto wallets are verified, exchanging virtual assets between customers and non-customers becomes possible. As both the sender's crypto wallet and the receiver’s wallet have been verified including KYC, it is expected to alleviate the inconvenience of numerous virtual asset exchanges in the current stage. ARGOS ID is a digital ID suitable for the Web 3 environment. Apply ARGOS ID solutions to your service as it supports you in meeting regulatory compliance on sending and receiving virtual assets. Safely secure the necessary sender's and receiver’s information with ARGOS ID. With simple API and Web SDK, get ARGOS ID in your service ready without any delay. Experience the simple, fast, and easy integration. About ARGOS ARGOS has started the business aiming to provide seamless KYC. With the advent of Web 3 and the rise in the crypto industry, ARGOS has expanded its business into ARGOS ID. ARGOS ID aims at providing a Travel Rule solution for verifying unhosted wallets. Make Unhosted Wallets Compliant. For more information, visit: Website | Twitter | LinkedIn | Medium https://www.argosid.oneContactMarketing ManagerJieun Lina KimFullstack [email protected]
24 days agocryptodaily
Celebrity Influence in the World of Crypto - Dogelon Mars & Big Eyes Coin
Several cryptocurrencies are paying attention to memes in particular. A new meme cryptocurrency called Big Eyes Coin just advanced to stage six of its presale campaign and raised more than $9.5 million. Meme coins contribute to the seriousness that making money requires by injecting some humour into the cryptocurrency industry. A group of individuals are also carrying meme coins that support both community and individualism. In addition to its happy and environmentally beneficial character, Big Eyes Coin also promotes the idea of profiting from the cryptocurrency market. The cryptocurrency community has grown to accept and value the meme coin market more and more over time. Dogecoin was the first widely utilised joke money, however, investors were not very interested in the meme cryptocurrency market because of its volatility and lack of use cases. Purchasing meme coins offers a number of advantages. Numerous meme tokens have benefited from the popularity of influencers and celebrities in order to maintain a high position in the cryptocurrency market. Some meme coins reserve several tokens to donate to the Tesla CEO since Elon Musk is a famous figure in the cryptocurrency world who encourages people to purchase a lot of meme coins. Brief Introduction to Dogelon Mars (ELON) Dogelon Mars is ranked third among investors' preferred meme currencies because of its connection to the well-known figure Elon Musk. The person with the most influence on the cryptocurrency industry as a whole is said to be Elon Musk, the CEO of Tesla. Elon has shown increasing receptivity to meme-tokens since Dogecoin entered the cryptocurrency market. Musk's desire to found a colony on Mars and his passion for SpaceX were the driving forces behind the creation of Dogelon Mars. This currency's price fluctuation is mostly influenced by Musk's Mars mission progress. It is also a meme coin fueled by the community. Musk's courageous progress toward his goal of creating human life on Mars is essential to Dogelon Mars' success. Big Eyes Coin (BIG) The Irresistible Cat A new meme coin initiative Big Eyes is active on the Ethereum network. Because the community will operate under a DAO paradigm, owners of the DeFi-powered community will have the ability to veto choices made by the initiative. If you have a BIG token, you may contribute suggestions and cast votes to approve crucial issues and project development processes. Big Eyes wants to increase the value of the assets inside its community by using non-fungible tokens, and its adorable cat memes may help it achieve momentum in the NFT market. Big Eyes Currency is making an effort to expand its social media following, and it is predicted that this following will grow after the coin has been issued. Final Thoughts Given Elon Musk's influence over several cryptocurrencies, some of them reserve a percentage of their presale tokens in case he decides to buy them. With the right marketing and social media presence in the future especially given that Big Eyes Coin is a meme coin Elon Musk may be able to notice Big Eyes Coin. In the past, Elon used the Dogecoin logo as his Twitter profile picture, which significantly raised the value of the digital currency. How one individual can have such a big impact on the market is a fascinating question. To learn more about Big Eyes Coin (BIG) click below Presale: Website: Telegram: 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.
25 days agocryptodaily
You Could Earn Millions By 2023 With These Three Tokens — Rocketize Token, The Sandbox, and Solana
Numerous cryptocurrency experts believe this coming week will be fruitful, with most crypto coins expected to experience major price increases. New Crypto Rocketize Token (JATO), The Sandbox, and Solana (SOL) are a few coins to keep an eye on over the next few days. Rocketize Token (JATO) has shown considerable profit potential despite not ranking among the top ten cryptocurrencies on the market because it has yet to launch. The Sandbox (SAND) and Solana (SOL) are projected to be two of the finest projects in the market based on their performance, and there is no question that they are amongst the most bullish coins. This review will examine the strategic positioning Rocketize Token (JATO) has taken to compete with industry titans. The Sandbox (SAND) - The Profitable Gaming Platform The Sandbox (SAND) is a special offer that aspires to take over as the leading metaverse gaming network. The game's design focuses on acquiring NFTs, which serve as player avatars in a vast, constantly-expanding gaming environment. The Sandbox team has worked hard to establish numerous partnerships and collaborations with famous people, big businesses, and corporate entities. The game's design focuses on acquiring NFTs, which serve as player avatars in a vast, constantly-expanding gaming environment. Additionally, the platform makes it simpler to own LANDs, essentially virtual areas of The Sandbox. These LANDs can be customized to appeal to specific fan bases, social networks, or other user interests. By holding events or charging SAND for entrance, they also provide players the option to make money out of their time spent in The Sandbox. Solana (SOL) - The Super Speedy Crypto Due to its role as an Ethereum killer, Solana (SOL) enjoys a unique position on the cryptocurrency market. This cryptocurrency was exclusively created by its creators to serve as an Ethereum substitute. It got increasingly challenging for traders and developers to use the Ethereum blockchain as it grew slower. Many token holders thought Solana (SOL) would be a good substitute because it would handle transactions fast and at a lower price. Solana (SOL) is capable of handling up to 65,000 transactions per second, according to early studies. Solana (SOL) uses a proof-of-history consensus to execute transactions quickly. This system makes sure that occurrences can be accurately recorded on the blockchain. This project will make sure that transactions will go through even if there is a problem with some network components. Rocketize Token (JATO) - The New Meme Coin to watch out for Although Rocketize Token (JATO) can seem like just another cryptocurrency, it has certain unique characteristics. The most recent currency to enter the market, Rocketize Token (JATO), has studied the market and included all of its best characteristics. Its many distinctive qualities are anticipated to propel the currency to the top of the market. In the cryptocurrency world, the majority of meme coins lack any genuine practicality. They struggle to hold consumers' attention for extended periods of time. Rocketize Token stands apart from other meme tokens and cryptocurrencies on the coin market thanks to its of of of intriguing utility. Its compatibility with DeFi features is a rare utility in the meme industry. This inventiveness is regarded as a significant advancement for meme tokens. As a meme coin, Rocketize Token (JATO) has developed a strong network of devoted supporters known as the Atomic Nation. The expansion of the Rocketize Token (JATO) ecosystem is a priority for this organization. It also acts as the catalyst for a variety of initiatives. On other blockchains, Rocketize Token (JATO) transactions are possible. Its foundation in the Binance Smart Chain makes it easier for the crypto asset to address scalability issues. The DeFi capabilities of Rocketize Token allow users to create smart contracts and advertise blockchain enterprises. Investors shouldn’t expect to pay little for transactions that make this new crypto to watch and could earn its users millions alongside giants The Sandbox and Solana in 2023. To find out more about Rocketize Token (JATO), visit the links below: Presale: Website: Telegram: 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.
26 days agocryptodaily
Three Crypto Tokens With Long-Term Potential: Tezos, Rocketize Token, and Tron.
People that use and understand cryptocurrencies are constantly growing in number. New tokens are continually being created, all with the same goal: to replace the current leaders. Since there are no restrictions on building new cryptocurrencies, numerous innovative tokens have been released to the public. But which of these innumerable tokens can be trusted? Due to inexperience, many newcomers to the cryptocurrency market often feel lost and unsure of what coin to invest in. Picking a coin without first learning everything you can about it is a bad idea. To help you decide if Rocketize Token (JATO) is right for you, we'll be discussing its potential advantages and disadvantages in comparison to other market leaders like Tezos (XTZ) and Tron (TRX). Tezos (XTZ) The Blockchain Network The cryptocurrency market saw the introduction of Tezos in 2014. It's a blockchain network that automatically fixes any bugs it finds, and programmers may use it to create decentralized applications. As it provides its users with similar features to Ethereum, it might be compared to Ethereum. However, the Tezos coin does have some special characteristics that set it apart from Ethereum. Tezos, often known as XTZ, is a popular cryptocurrency due in large part to the network's on-chain administration. Token holders on the Tezos network are given the ability to vote on important matters pertaining to the future of the network. The Tezos token's blockchain is more adaptable and can accommodate new features because it can fix itself. Tron (TRX) The Blockchain Based Initiative TRON is a blockchain-based initiative that was released in 2017. It was created by Sun Yuchen. Tronix (TRX), TRON's native coin, was released alongside the platform and has subsequently generated considerable interest. This blockchain-based platform aims to change how we experience and share media online completely. TRX tokens can be used to pay content providers for their work. There is no governing body and no cost to access the information stored on the blockchain. The primary goal is to supply end customers with a blockchain infrastructure that is dependable, secure, efficient, and scalable. TRON provides its users with a number of different services, including the creation of smart contracts and delegated proof-of-stake consensus, as well as the development of dApps developers. Rocketize (JATO) The New Meme Coin Everyone in the cryptocurrency industry seems to be talking about a new meme coin called Rocketize Token (JATO). While most meme tokens feature dogs, the Rocketize Token has an adorable rocket blasting off into space, making it stand out in a market saturated with canine imagery. An abbreviation for "Jet Assisted Take-Off," JATO is the official acronym for this token. It's time for the Rocketize Token to blast out on its intergalactic adventure. Rocketize Token is a BEP-20 token that operates on the Binance Smart Chain platform. The primary concept of this cryptocurrency is deflation. There is no developer money or independent revenue model. The community owns the token, and they call themselves the Atomic Nation. Rocketize Token hopes to give its customers a number of options. Since it's a "meme coin," naturally, it will inspire some clever and entertaining memes. In addition to it, there may be instructional videos, cartoons, and audio recordings. Further, Rocketize Token intends to take the lead in establishing new standards for using DeFi technologies such as smart contracts, dApps for mobile devices, Web3 for game creators, and the advertising of commercial endeavours. In addition, there will be exciting, one-of-a-kind NFT mining events. If you want to learn more about Rocketize Token (JATO), check out these links:- Presale: Website: Telegram: 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.
26 days agocoindesk
UK’s Crypto Future Is Bright No Matter Who’s in Charge, Lawmaker Says
Member of Parliament Lisa Cameron’s cross-party group for digital assets is working to ensure crypto regulations remain apolitical amid all the changes in leadership.

About Mero

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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Mero Price? USD
Market Rank#0
Market Cap? USD
24h Volume? USD
Circulating Supply? MERO
Max Supply1,000,000,000 MERO
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