43 days ago • cryptodaily
FBI Seizes NFTs and Crypto Worth $250k From Scammer
The U.S.' Federal Bureau of Investigation has issued an official notification today which involved the seizure of crypto, digital assets, and NFTs worth roughly $250,000 from at least two different locations.
First among these is about 2.2 BTC valued at $39k, seized by the agency in Houston, Texas for forfeiture. The total value of Bitcoin was seized from three different wallets. Another filing reported 86.5 in ETH worth $116k seized from a person of interest named Chase Senecal on October, 2022. An Audemars Piguet Royal Oak Watch worth $41,000 was also seized
The same person also held NFTs worth $104k, which included Bored Ape Yacht Club #9658 and a Doodle #3114. According to profile details from OpenSea, both of these belonged to a user named "C55047" who still had activities on the platform as recent as two days ago.
On-chain sleuth ZachXBT started the investigation on this scammer now known as "HZ," whose actions have resulted to the forfeiture of these aforementioned digital assets. A Twitter thread from ZachXBT back on September, 2022, led to the capture of Chase Senecal/HZ.
1/ Since Dec 2021 we’ve seen 600+ Discord servers compromised & 12+ NFT related Twitter accounts hacked as well. This has resulted in millions of dollars being stolen.Welcome to part 2 of tracking down the people responsible. https://t.co/F5uoQsCwCc
— ZachXBT (@zachxbt) September 1, 2022
The scammer allegedly took over a number of Twitter accounts and funneled funds to his own wallets, directing payments from the crypto projects to himself. After ZachXBT saw Senecal flaunting the high-end timepiece that had been confiscated by federal authorities in October, his true identity was exposed.
The crypto space is beginning to face more and more stringent regulations, as authorities clamp down on fraudulent activities. This recent seizure of crypto assets and NFTs serves as an example of the power that the FBI wields in the sphere of crypto regulation and adjacent laws that intersperse with it. With appropriate authority, crypto scams can be caught and dealt with swiftly, ensuring, to a certain extent, a safer environment for crypto newbies.
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.
46 days ago • cryptodaily
A review of Wealth99 in 2023
Wealth99 is one of the new generation of financial products companies selling a range of blockchain-based assets - namely tokenized precious metals and a selection of the world’s largest and most high-potential cryptocurrencies.
So what is Wealth99?
The clue is in the name. Wealth99 positions itself as a way for everyday people to invest in alternative assets. They believe that everyday people have been blocked from being able to purchase alternative assets –largely due to unfair regulations and high financial barriers to entry. Thus they haven’t been unable to diversify their investment portfolios properly, or get the chance to get in on the early stage of exciting new companies.
So what are alternative assets?
Alternative assets are defined as investments that aren’t shares or bonds. For many portfolios, the standard division between shares and bonds is 60% shares and 40% bonds - that’s the 60/40 investment strategy. But given the lacklustre performance of 60/40 portfolios in recent years, diversifying into other assets makes sense.
Wealth99 says that using blockchain to create tokenized assets and enable fractional ownership lets everyday people invest in items that were once too expensive. Tokenization is the process of creating digital representations of real-world assets, thus making them vastly easier to purchase and sell online. Wealth99’s tokenized gold is a prime example of tokenization in action. Before tokenization came along, the standard unit of investment in gold was a gold bar worth around $80,000. But when you tokenize that bar (as Wealth99 has) you can purchase just a fraction of an ounce, and get started as a gold investor from as little as $500.
How does Wealth99 Work?
It works like most investment companies do; with a network of specialists on-hand to offer client support. But there is a worthwhile difference in that Wealth99 also has its own DIY online asset exchange. This means clients can buy a selection of cryptocurrencies and tokenized precious metals through Wealth99’s user-friendly online platform at their own discretion.
Wealth99 has its headquarters in Australia and also has a team in the UK. It complies with the relevant investor regulations in both those places and uses an EU crypto trading licence.
How to buy alternative assets at Wealth99
Like any online platform, the first step is to register, but as Wealth99 is a financial products company all new clients have to go through a government-mandated KYC and AML vetting process. Once you’re approved you’re good to go. You log on to the asset exchange using 2FA as an extra level of security, go through the prompts to deposit the amount of funds you want to invest and select the asset you want to buy (or sell).
As part of registering for the exchange and buying the various assets available there, you’ll be assigned a digital wallet. These are highly secure blockchain-based storage units where you can keep your cryptos or precious metal tokens safe online.
Customer Service
Many Wealth99 clients are newbies in the world of cryptocurrencies and tokenized assets, so the company has made sure its customer service is on point. There are the usual FAQs, and chat functions - but there is also a team of humans who aim to get back to inquiries personally within 24 hours.
Safety and Security
As we mentioned above, clients must pass KYC and AML vetting. The exchange uses 2FA for all logins and an email is automatically sent to the client’s registered email address to alert them of new logins to their account.
Assets held on the Wealth99 exchange are secured by third-party custody and vaulting companies. Most of the cryptocurrencies Wealth99 lists are custodied and insured by Bitgo, and the physical precious metals that the tokens represent are vaulted and insured by one of the world’s biggest bullion houses.
What is Wealth99 tokenized precious metal?
Wealth99 doesn’t just offer major cryptos –the company has also pioneered its own innovative product; tokenized precious metals. When you buy a Wealth99 precious metal token you are in fact buying the corresponding physical metal. The token simply represents a record of your ownership of a certain amount of gold, silver, platinum, that’s recorded on a blockchain. In this case each Wealth99 gold token represents one troy ounce of investment-grade gold.
Because the tokens are divisible you can buy a fraction of a token/ounce. This means you can invest in gold from as little as £/$500. The actual gold is stored and insured on your behalf by Wealth99’s bullion partner. If you buy over a certain amount you can actually redeem your token for the physical metal itself. However, security concerns mean that no one recommends you store your gold at home.
Advantages of Wealth99
Wealth99 offers an affordable way for everyday investors to diversify their investment portfolios with tokenized alternative assets.
It has its own asset exchange so its clients can learn about assets and buy and sell without leaving the one platform.
Assets held on the Wealth99 exchange are stored and insured by third parties.
Wealth99 is operated more like a traditional wealth platform rather than a high-tech start up making it more accessible to first-time investors.
Disadvantages of Wealth99
Currently, the range of assets offered on the Wealth99 exchange is limited.
Owning assets secured on a blockchain is still unfamiliar to many people, so the market size is limited to people who are willing to try something new or are already experienced crypto investors.
Wealth99 operates in Australia and the UK excluding people from other countries who can’t meet its KYC and AML compliance requirements.
Should you invest with Wealth99?
Selecting any new investment or company to make your own investments requires that you do your own due diligence. The first step is visiting the website and checking out the management team. See who they are and then follow up by checking their profile on LinkedIn. In this case, the Wealth99 team features proven business people with significant experience in fintech and blockchain product development.
It’s also important to understand that like any investment, the money you put into tokenized assets of any sort can drop as well as increase in value. Only you can make that assessment in respect of Wealth99. However, our evaluation of Wealth99 suggests that they are worth talking to if you are looking for a way to diversify your investment portfolio with alternative assets.
You can get more information about Wealth99 and its services at wealth99.com
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.
48 days ago • cryptodaily
Big Eyes Coin Raises $20.15 Million In Presale, As Binance, Bitcoin Get Contrasting Fortunes
As cryptocurrency gets bigger and gains more popularity, investors are always on the lookout to cash in on the most promising cryptocurrencies. Undoubtedly, the digital currency industry is set to cause a major paradigm shift in the global market, with various countries planning to enact legislations that will make cryptocurrency a legal tender.
As the industry big boys, Bitcoin, Binance and BNB, continue to consolidate their positions as market leaders, it is expedient to take note of promising newbies who are making giant strides, offering an equally good, if not better, alternative platform for crypto investment.
Big Eyes Coin: Making Strong Statement Of Intent
The name Big Eyes Coin (BIG) may not yet be as big as Binance, BNB or Ethereum. However, it is certainly not unfamiliar to crypto investors who have been following market developments in recent times. This is as the cat-themed coin has raised $20.15 million in presale, edging closer to its official launch into the retail market.
The promising meme token is almost ready to launch, having now raised 40 percent of the target USD 50 million. Big Eyes Coin (BIG) presents a new investment opportunity that places equal emphasis on social responsibility and financial success. BIG is a safe and dependable choice in the cryptocurrency market due to it having a strong team, a broad selection of offerings, as well as a balanced approach to investment.
Binance Still Weathering The Storm
It has not been a great past couple of days for industry giant Binance, after facing a series of insider trading allegations. A director at Coinbase named Conor Grogan claimed on Monday that there had been some rather blatant insider trading at Binance over the previous 18 months. Apparently, such accusations have been made against them in the past, so this path is not a new one for Binance.
However, Binance has also struggled to stay afloat in the last seven days, as it currently huffs and puffs around a dollar per unit. Having wriggled itself out of such allegations in the past, many have tipped Binance to stage a grand comeback and retain its position as a giant in the fast-growing industry.
Bitcoin Continues Epic Rebound
Bitcoin has had a good outing in the past couple of days, reaching its highest level in five months as it closed in on USD 24,000, Monday morning in Asia. AIt has also been a great outing for cryptocurrency in general, as the entire market value of cryptocurrencies remained above US$1 trillion for the eighth day in a row.
BTC continues to show strength, after experiencing huge falls mid 2022, when it sold below USD 20,000, one of its lowest after breaking onto USD1 in 2011.
It is important to note the huge benefits of investing early in cryptocurrency, as demonstrated by Bitcoin. Having sold for about USD 1 in 2011 and selling for around USD24,000 on Monday, early investors can only look back and be proud of starting off with Bitcoin.
The Big Eyes presents another amazing opportunity for early investors to take advantage of, offering a 200% launch bonus. To take advantage of this, use this promo code: “LAUNCHBIGEYES200” and you’ll get a 200% bonus instantly!
Find out more about Big Eyes Coin (BIG):
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
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.
52 days ago • cryptodaily
Top 6 Crypto Loan Services in 2022
Cryptocurrency lending takes many forms, but the core principles are intuitively understandable to anyone familiar with traditional bank loans. A lender provides a specific amount of crypto based on the borrower's collateral, and the customer repays the principal and interest at a predetermined rate. They are free to use the funds received in any way they like.
There are many uses for crypto loans. For example, one may buy goods or services, refinance existing debt, invest in business development, or purchase other cryptocurrencies expected to gain value.
Why use crypto loans?
Crypto loans benefit both lenders and borrowers. In the P2P model, lenders generate additional income from the funds they hold but do not use. They make their dormant holdings work and earn a yield that may be much higher than that on fiat bank deposits.
For borrowers, these loans are quicker, more flexible, and more accessible than conventional services. They may get cash for everyday needs without credit checks or selling their crypto. Moreover, keeping ownership of the collateral means that future gains may eclipse the borrowing costs.
Understanding crypto collateral
As the crypto market is still experiencing growing pains, volatility may spike, and miscalculations may bring losses for both parties. To minimize such risks, crypto lenders require collateral — a safeguard adopted from conventional finance.
Typically, unlike a consumer fiat loan, crypto loans are overcollateralized. Hence, an applicant must pledge funds whose value exceeds the amount they want to borrow. This proportion is determined by the LTV (Loan-to-Value) rate — for instance, 50% LTV means one may get an amount equal to half the value of their collateral.
Upon full repayment, the customer gets their collateral back. Failure to pay the debt and/or maintain a certain LTV throughout the life of the loan results in liquidation — passing their collateral to the lender.
Top 6 platforms
Over the past few years, the crypto lending model has solidified, and the sector is growing rapidly. Exchanges and platforms have already issued loans worth millions. The teams running them are confident that crypto lending will only become more popular in the future due to such benefits as the absence of verifications and the opportunity to borrow fiat in a tax-free arrangement.
Many more startups could enter this promising market soon. Here is an overview of six prominent crypto loan platforms in 2023.
YouHodler
YouHodler is a trusted crypto lending platform offering a simple, secure, and transparent way to borrow and earn passive income on digital assets. Based in Switzerland, it offers crypto-backed loans in cryptocurrencies, stablecoins, and fiat. The collateral options include 50 top cryptocurrencies.
On YouHodler, one can apply for loans with a minimum amount of $100 and a repayment period of up to 364 days. The company also offers crypto savings accounts, trading solutions, and web and mobile wallets. As it accepts credit cards, stablecoins, and bank wires, moving funds into and out of their accounts is easy.
The YouHodler wallet app is free and intuitive. At press time, the wallet app supports 8 stablecoins and 52 cryptos. Generally, the fees and exchange rates are comparable with other platforms.
YouHodler's key advantages are a transparent legal setup, attractive yield rates, LTVs reaching 90%, and highly rated customer service. However, it is not available in the US due to legal restrictions, and the company could be more transparent about its profitability model. Finally, fiat transactions carry higher fees than other methods.
CoinLoan
CoinLoan is a pioneering crypto lending platform based in Tallinn, Estonia. A licensed financial institution regulated in the EU, it prides itself on its zero-incident track record. As the name suggests, crypto loans are the company's main focus, although it also offers interest accounts, an exchange, and a wallet working within its ecosystem.
With enough collateral, borrowers can take out loans in fiat, stablecoins, and crypto. Moreover, fiat-to-crypto loans work both ways: one may choose fiat as the loan or the collateral currency. LTV rates reach 70%, while the duration ranges from one month to three years, with an opportunity to customize it.
On CoinLoan, "everything is just one click away" thanks to an intuitive interface. As of this writing, loans are available in 15 different currencies, including BTC and ETH, leading stablecoins, EUR, and GBP. In addition, the deposit feature (fixed and flexible) supports over 20 assets, both digital and fiat.
CoinLoaners manage their funds in a trusted crypto management environment with multi-layer security, and the company is more open about its yield generation processes than before. Staking the company's own token (CLT) unlocks the most attractive yield rates, but this requirement may be viewed as a disadvantage.
Crypto.com
This prominent platform based in Singapore offers loans with LTV of up to 50% and customizable repayment schedules. Users may also reduce the interest rate by staking Cronos (CRO), the company's native token. After entering your deposit amount into the online calculator, you can see how much you can borrow, the annual percentage, and the monthly interest in USD.
Crypto.com is a well-established name in the crypto space, with over 70 million users in 90 countries. Aside from borrowing, customers can use an exchange, a DeFi wallet, and the Crypto Earn service bringing interest on 37+ cryptocurrencies and stablecoins. The mobile app supports payments for goods and services, crypto transfers, and more.
On the downside, the lowest interest rates are only available to those who stake CRO. All cash-back rewards and other perks are also denominated in the native token.
MakerDAO
One of the most famous decentralized environments, MakerDAO, has a unique lending model. Its internal economics is based on two tokens — MKR and DAI. The latter is a stablecoin, the only loan currency whose value is supported by multiple mechanisms.
Upon launch in 2017, the DAO (decentralized autonomous organization) accepted only one collateral currency — Ether. Since then, it has become more versatile, and users may now pledge different Ethereum-based assets.
One of the advantages of loans in Dai is predictable value — the token has generally remained true to its soft peg to the US dollar. Therefore, wherever the crypto market goes, borrowers have peace of mind knowing that the amount they owe does not see-saw following dramatic bearish or bullish swings.
Ledn
Ledn is a Canadian crypto lending platform that helps you "experience the real-life benefits of your Bitcoin without having to sell it." Users can borrow dollars against Bitcoin, earn a yield on a savings account, or grow their Holdings using B2X loans that are available exclusively on Ledl.
B2X loans require BTC collateral worth $1,000 or more and come with an LTV rate of 50% and a maximum term of 12 months. The platform matches the collateral value, providing an amount twice as big. This feature combines a BTC-backed loan with buying an equal amount of BTC.
Once repayment is complete (users can repay earlier without penalty), the borrower gets their collateral and the newly purchased coins. Standard Ledl loans work similarly, but they may be denominated in USD, USDC, or the user's local currency.
As the platform is incorporated under the federal laws of Canada, its operations and security measures comply with local laws. On the downside, Ledl only supports two cryptocurrencies —Bitcoin and USDC, and the borrowing costs are above average. Combined with a 2% admin fee, the 9.9% annual interest rate brings the total costs to 11.9% APR. In addition, the USDC savings account has a withdrawal fee of 15 USDC.
Drops
Coins and tokens are not the only digital assets that can be turned to collateral for loans. Drops, a decentralized protocol focused on supporting the NFT economy, accepts collateral exclusively in non-fungible tokens. Pledged NFTs are accumulated in pools.
The Drops platform works with popular collections of digital art, including Bored Ape Ya and CryptoPunk. Even exotic collectibles are accepted. At press time, the LTV rate reaches 30%. There are no due dates, and users may also refinance existing loans at interest rates close to 0%.
Like other decentralized lenders, Drops operates without a human team, as all procedures are coded in smart contracts. However, it claims to have a "battle-tested foundation." The bug bounty program encourages the community to contribute to protocol security.
Is it worth a try?
The crypto loan industry is evolving and maturing, and the range of providers is growing daily. Crypto loans give quick access to new funds without credit checks, proof of income, or having to sell coins or tokens that may gain value. Therefore, those interested in innovative ways of passive income should take a closer look at this instrument.
However, keep in mind that cryptocurrencies are still susceptible to market swings. Lenders that are less open about their internal procedures may pursue risky strategies putting customers' funds at risk. Thus, the availability of specific coins or tokens is one of many considerations.
Borrowers should also weigh up the pros and cons of centralized and decentralized lending. Centralized platforms like CoinLoan comply with fund and data protection laws, while the DeFi landscape is largely unregulated.
Unlike CEXs conducting KYC and AML checks, decentralized finance relies on smart contracts — self-executing agreements with terms written in their code. DeFi interfaces may be confusing for newbies, but they can learn how smart contracts, oracles, and other innovative features work.
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.
67 days ago • cryptodaily
Evolution Of The Crypto-Sector: Shedding Light On The Relation Of Crypto And AI
Big data, AI, and cryptocurrencies have all converged in recent years to make the financial sector much more intricate and fast-moving than it ever was. With a CAGR of 11.1% from 2021 to 2028, the worldwide cryptocurrency industry is forecast to grow rapidly, reaching USD 1,902.5 mln by 2028.
As stated in their research titled "Cryptocurrency Market," published by Fortune Business Insight in 2020, the market was worth USD 826.6 million.
The significance of confidence in traditional institutions is reflected in differences in bitcoin valuations across countries, and new financing mechanisms make it possible for more entrepreneurs to begin enterprises.
Crypto and AI, when used appropriately, can also assist in eliminating prejudice from recruiting and other crucial procedures.
However, with these prospects come new obstacles that will necessitate society having tough dialogues, the consequences of which will influence the future of economics. Let's look at it with a level head.
Access to Post-Virus World
The sheer quantity and level of detail of the financial data that is currently available to financial institutions are believed by many to have far-reaching ramifications. In the past, for instance, "subprime" communities were all seen as relatively dangerous, which made it challenging for financial institutions to extend credit to those individuals in such populations.
As a consequence of this, financial lending institutions mitigated the risk associated with their operations by offering an average rate of interest to the general populace.
By combining ubiquitous access to extensive data with sophisticated algorithms, lenders may better discern "good" peers from "bad" peers in the lending industry today. Those who are regarded as having a lower credit risk are put at a disadvantage as a result of this, even as it lowers the cost of financing for those who are regarded as having a superior credit risk.
A negative credit score may be a consequence of imprudent financial decisions made by a person or corporation; however, there is also the possibility that another big issue played a substantial part in the situation.
A Progressive Square One For Startups
Data-driven technologies produced by the fusion of crypto and AI are not only making it easier to develop groundbreaking new goods but also making it more affordable to launch a company from scratch. Many of the once-fixed expenditures associated with launching a new technology enterprise are now movable targets, thanks to the development of available-to-rent cloud-based services.
Specifically, the launch of crypto and AI supporting trading bots like Bitcoin prime has further eased out the financial plans for newbies who have just stepped into the market. As all one has to do is sign up with it and take worthy financial suggestions or better investments while conducting transactions in different currencies, securely.
Banking AI targeting algorithms will require clear wording from the developers. Will we now penalize people if they suffer an unlucky shock, such as being sick? The magnitude of this problem is enormous.
The reduced cost of getting a company off the ground coincides with developments that make risk management easier for venture capitalists (VCs).
Prior to the last five or ten years, the typical venture capitalist would spend months conducting due diligence before making an investment in a firm.
Today's venture capitalists are more inclined to make multiple, smaller investments in a wide variety of firms, some of which may provide products that are identical.
To further streamline the process, venture capitalists may make their initial investments in the form of "convertible notes" that are pre-set to convert in the case of a subsequent fundraising round.
This method allows venture capitalists to spread their risk among a larger pool of prospective entrepreneurs operating in the same industry by allowing market data to determine which startups ultimately succeed.
Potentially substantial changes may result from these alterations: Women and people of color, who historically have been denied equitable access to financial resources, will make up a sizable portion of the next wave of entrepreneurs.
Seeing Global Crypto-Sector With A New Lens
In 2019, Bitcoin and other digital currencies were traded by more nearly 50 million investors globally. Researches show that there are substantial variances in the value of cryptocurrencies across markets, with the discrepancies being based on the underlying institutional dynamics including public attitudes in each region.
For instance, the daily average difference here between the United States with Korea was above 15% and occasionally approached 40% from December 2017 to February 2018.
So why is there a "kimchi premium," exactly? Limited capital movement across countries is a major contributor to the large pricing discrepancies, as it reduces the availability of arbitrage opportunities.
To put it plainly, it's not possible to make a profit by making a low purchase in NYC and a high sale in Seoul.
Surveys indicate that people in nations with less developed financial markets place a higher value on Bitcoin and other cryptocurrencies. A higher level of confidence in the monetary system tends to reduce the perceived value of cryptocurrencies.
Summing Up
Each passing day sees the relation between crypto and AI become more dynamic and more efficient than humans at performing mundane activities; the question now is whether or not AI will eventually replace people in every industry. That is simply not the case.
Technology and its human complement are not antagonistic. Though it may shake up the status quo at first, eventually it will help pave the way for whole new possibilities.
Companies today need to adopt a new culture in which innovation and lifelong education are valued highly. This paves the way for more flexibility, adaptation, and development.
What the fiscal tremors of 2020 will do to the crypto market, AI, plus big data is still unknown. But one thing is sure: as long as there are innovators, the velocity of change will only quicken.
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.
82 days ago • cryptodaily
Crypto Weekly Roundup: FTX Co-Founders Plead Guilty And More
A plea deal comes to the rescue of disgraced former CEO of Alameda Research, Caroline Ellison. In exchange for pleading guilty to federal fraud charges, Ellison will be granted leniency in her own case in court. Let’s find out more.
Ethereum
Payment giant Visa published a paper outlining how it could collaborate with the Ethereum network on automatic payments in the future.
The CEO of the Paxful peer-to-peer cryptocurrency marketplace has tweeted that his company had decided to remove ETH owing to several concerns.
Altcoins
Waves blockchain founder Sasha Ivanov has asked centralized exchanges to disable futures trading because it is a breeding ground for FUD.
Technology
Crypto newbies still prefer centralized exchanges like FTX over self-custody wallets, even after entrusting the former with funds, leaving them vulnerable to hacks, misappropriation, and regulation-imposed account freezing.
In a Japanese prefecture north of Tokyo, police have started seizing crypto assets from citizens who do not pay their parking fines.
JPMorgan Chase has published the results of a research project that indicates that the emerging trends in the sampled demographic reflect a shift in preferences among U.S. crypto users.
Legendary investor Bill Miller thinks Bitcoin has held up well considering the upheavals in the crypto market.
Binance has addressed the accusations brought against it over recent weeks with a Chinese blog post, where it sought to clear up seven key issues.
FTX’s new management revealed at a procedural hearing that it had identified assets worth over $1 billion since starting a strategic review of the firm’s assets.
Bankrupt crypto lender BlockFi has filed a motion to a United States bankruptcy court for permission to return frozen cryptocurrencies held in BlockFi wallets to its users.
Voyager Digital today announced that Binance.US won a second bidding process following FTX’s bankruptcy filing to buy the bankrupt firm’s assets for $1.022 billion.
Regulation
Caroline Ellison, the former CEO of Alameda Research and Sam Bankman-Fried's co-founder for FTX, has pleaded guilty to federal fraud charges as part of a deal for leniency in her own case.
SEC Chair Gary Gensler has opposed all demands for new laws, stating that existing SEC rules and Supreme Court decisions are sufficient and that crypto issuers and exchanges simply need to follow them.
The deputy governor of the Bank of England has warned that cryptocurrency trading is “too dangerous” to remain unregulated.
Indian central bank governor Shaktikanta Das said earlier today that crypto should be banned, which might cause the next financial crisis if allowed to grow.
In a desperate bid to navigate western sanctions, Russia’s State Duma, the lower house of parliament, will consider a bill that would legalize a crypto market in the country.
NFT
The Pokémon Company is taking an Australian crypto game company to court for using characters from the Pokémon franchise without permission.
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.
90 days ago • cryptodaily
Sparklo (SPRK) Becomes A Trending Cryptocurrency For Dogecoin (DOGE) And Solana (SOL) Owners
Because of the recent bear market, most cryptocurrency investors are quite scared to get their hands on investments.
While the bear market has affected some of the best-performing cryptocurrencies, such as Solana (SOL) and Dogecoin (DOGE), new cryptocurrency projects, such as Sparklo, have emerged to fill in the gap.
Solana (SOL) Growth Drops By Almost 90%
Solana (SOL) creates a layer-one smart contract for taking cryptocurrency investments to the next level. With this, many cryptocurrency investors started paying attention to Solana (SOL).
However, the recent market conditions have been terrible for Solana (SOL) investors. The current trading value of SOL token is around 90% low when compared to its previous all-time high. And according to experts, this will not rise in the near future.
Dogecoin (DOGE) Value Has Also Dropped By Around 90%
Another similar cryptocurrency struggling from the bear market is Dogecoin (DOGE). This is a cryptocurrency that has an excellent history as a meme coin. Even though Dogecoin (DOGE) is still the most popular meme coin in the world, there will be better decisions than investing in it. That’s because the market value has dropped by around 90%. Even active investors of Dogecoin (DOGE) are giving up on their investments.
Sparklo (SPRK) Is An Ideal Option For Investment
With Dogecoin (DOGE) and Solana (SOL) dropping their value significantly due to the bear market, investors are looking for a more promising alternative investment, like Sparklo. Sparklo, currently in its presale stage, was able to grab the attention of newbies and professional crypto investors.
As a cryptocurrency protocol, Sparklo aims to be the first investment platform to allow its members to invest in gold, silver, and platinum bars. Each investment will result in an NFT being minted and fractionalized.
The current price of Sparklo is only $0.013, and it is expected to increase by 4,000% soon.
Given its potential growth, there is no doubt that Sparklo will eventually become a blue-chip crypto.
Find out more about the presale:
Buy Presale: https://invest.sparklo.finance
Website: https://sparklo.finance
Twitter: https://twitter.com/sparklo_finance
Telegram: https://t.me/sparklofinance
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.