OpenDAO(SOS)

Today marked a historic milestone for Bitcoin exchange-traded funds (ETFs) as total net inflows surged to an unprecedented $1.05 billion, setting a new single-day record since the inception of ETF trading.  According to SoSoValue data, on March 12, the total net inflow into Bitcoin spot ETFs reached $1.05 billion, setting […]

The influx of funds into Bitcoin Exchange-Traded Funds (ETFs) has reached a staggering $233 million, signaling a notable surge in investor interest in the cryptocurrency.  Despite the inherent volatility of the market, Bitcoin has maintained a relatively stable price, hovering consistently around $51,000. On February 23, reports from SoSoValue indicated […]

The government's official rate is now 800 pesos to the dollar versus 400 previously.

The Bureau of the Treasury has set a minimum target of 10 billion pesos.

Bitcoin’s 150% gains over the last two years in Argentine pesos is no match for the country’s 300% inflation in the period.

“If you’re serious about security, @QubesOS is the best OS available today," commented Edward Snowden in a previous tweet.

The Philippines Securities and Exchange Commission (PSEC) has issued an advisory warning the public not to invest in Gemini’s Gemini Derivatives product. Gemini Derivatives is available to users on the crypto exchange’s new Foundation platform and was launched on the 1st of May, 2023. Philippines SEC Issues Warning In its advisory, the Philippines Securities and Exchange Commission stated that Gemini’s newly launched derivatives platform had not obtained prior regulatory authorization to operate in the country. The country’s regulatory watchdog issued an official warning to the cryptocurrency exchange on the 18th of May. According to Philippine law, derivatives are considered as securities and must be registered with the Philippines Securities and Exchange Commission. In its statement, the regulatory authority stated that Gemini did not have the necessary authority or licensing to operate in the country. The Philippines Securities and Exchange Commission also outlined the punishment for breaching the rules governing the country’s securities regulations. According to the authorities, dealers, brokers, salespeople, or agents that promote or sell unregistered securities in the country face paying a fine of 5 million pesos ($89,286). Additionally, they also face a 21-year prison sentence. The Philippines Securities and Exchange warning also mentioned the complaints against Gemini’s Earn Program by the United States Securities and Exchange Commission and the Commodity Futures Trading Commission. The SEC had filed a complaint against the Earn Program in January. “Today’s charges build on previous actions to make clear to the marketplace and the investing public that crypto lending platforms and other intermediaries need to comply with our time-tested securities laws. […] It’s not optional. It’s the law.” New Platform, Same Headache Cryptocurrency exchange Gemini launched its non-US derivatives platform, called the Gemini Foundation, at the beginning of May. The announcement featured a long list of supported regions, including the Philippines. However, now regulatory authorities have claimed that the derivatives exchange does not have any legal right to operate in the country because it failed to secure regulatory approval for its products. The Philippines SEC further stated that Gemini was marketing derivatives, which are considered as securities in the Philippines. The Philippines SEC stated, “Gemini Trust Company LLC’s lack of prior registration with the Commission makes their activities of offering and/or selling securities in the form of derivatives illegal in violation of the provisions of the SRC.” Authorities have also warned members of the public to avoid investing in the exchange and stop any ongoing investments until further notice. Gemini started the Gemini Foundation to avoid regulatory hurdles prevalent in the United States. However, this action by Philippine authorities shows that it could still face problems. Regulatory Uncertainty In The US Regulatory authorities in the United States of America have turned up the heat on Gemini in recent months. The United States Securities and Exchange Commission has argued that current securities laws are adequate for the crypto space, and new rules are unnecessary. However, the SEC has taken various anti-crypto positions and is embroiled in legal tangles with several crypto firms. As a result, many crypto firms operating in the US believe that moving away from growing regulatory uncertainty and pressures is the way to go. This has led to a considerable exodus of companies from the US, with several setting up non-US entities to continue global operations. Several alternatives have also emerged, with countries such as the United Arab Emirates and Portugal positioning themselves as crypto hubs. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

In the ever-evolving world of blockchain, there's a powerful way to secure and strengthen public networks while reaping lucrative rewards. It's called staking, and it's a journey that can take you to the forefront of the crypto revolution. Enter Avalanche (AVAX) and Comsos (ATOM), two cryptos offering staking rewards like no other. Newcomer DogeMiyagi (MIYAGI) is also offering its own rewards: a referral system that lets users indulge in the thrill of earning free crypto by enjoying a whopping 10% of the commission. The popular soundbite of “passive income” is very apt when it comes to these cryptocurrencies! Avalanche - Unleashing An Avalanche Of Staking Rewards Avalanche (AVAX) sets itself apart from the crowd with its unique Proof-of-Stake (PoS) consensus mechanism, offering unparalleled scalability and efficiency. Comparable to the likes of Polkadot and Cosmos, Avalanche surpasses its competitors with its remarkable throughput and lightning-quick transaction finality. Avalanche's architecture revolves around its ingenious Proof-of-Stake consensus mechanism. This means that AVAX token holders have the exciting opportunity to earn staking rewards by pledging their holdings to secure the blockchain. Staking is the act of locking up your AVAX tokens, fortifying the Avalanche network's economic security. By incentivizing token holders to act in the network's best interests, Avalanche establishes a bond of trust and integrity that safeguards the network's value. So, whether you're a crypto enthusiast looking to ride the Avalanche wave or a developer eager to unleash your dApp on a high-speed, tailor-made blockchain, Avalanche beckons you with open arms. Join the revolution, stake your claim, and experience a blockchain adventure like no other. Cosmos - Revolutionises Connectivity And Collaboration Cosmos (ATOM) has emerged as a trailblazer, smashing through the barriers that once kept different blockchains from chatting and doing business with each other. It's like watching an otherworldly dance of interconnectedness, and investors and developers are absolutely captivated. With a mind-boggling 400 projects in its vibrant ecosystem, Cosmos is a bona fide hotbed of innovation. At the heart of staking lies the concept of economic security. By locking up your ATOM, you become a guardian of the blockchain, ensuring its protection. But here's where the adventure begins: not only do you play a vital role in securing the network, but you also get to earn crypto assets in return. Through staking Cosmos, you can earn rewards that will leave you grinning from ear to ear. Once you complete the staking transaction, a world of crypto rewards unfolds before your eyes. As a staker, you hold the reins, deciding when the time is right to claim your accumulated rewards. With a simple transaction sent through your wallet, you unlock the treasure trove that's been patiently waiting for you. DogeMiyagi - The Sensei Sensation Looking to add a little extra punch to your crypto journey? Say hello to DogeMiyagi (MIYAGI), the fresh-faced contender that's turning heads with its groundbreaking approach to sustainability and ethical practices. Brace yourselves for a whirlwind of innovation and principles. At the helm of this new innovative crypto stands none other than the charismatic Mr. Dogemiyagi. With a twinkle in his eye and a heart full of determination, this is no ordinary crypto crusader. DogeMiyagi has learned from the mistakes of other meme coins and is all about prioritizing principles before diving headfirst into the wild crypto waters. DogeMiyagi knows how to reward its members in style. With its special referral program, DogeMiyagi enthusiasts can turn their network into a source of substantial benefits. It's simple: refer others to join the DogeMiyagi community and watch the rewards flow into your wallet. When you successfully refer someone to DogeMiyagi, you'll earn a juicy 10% commission on their investment. That's right, a sweet slice of the pie that's automatically awarded to your wallet with no fuss or hassle. DogeMiyagi's referral program isn't just a token gesture; it's a genuine opportunity to supercharge your investments. So, gather your friends, family, and fellow crypto enthusiasts, and invite them to join the DogeMiyagi community. Not only will they gain access to an exciting and vibrant ecosystem, but they'll also reap the rewards and revel in the thrill of building a thriving network. For more information on DogeMiyagi: Website: https://dogemiyagi.com Twitter: https://twitter.com/_Dogemiyagi_ Telegram: https://t.me/dogemiyagi 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.

Argentina's pesos have crashed 99% versus the U.S. dollar since the beginning of the currency crisis in 2018.

Binance announced earlier this week that Argentinians can now buy crypto directly with the Argentine peso. A 100% inflation rate For a country with a more than 100% inflation rate, being able to exchange the local currency directly into crypto is a really big deal. As the purchasing power of the Argentine peso has plummeted, the crypto market has risen over 50% since the beginning of the year. All fiat currencies have suffered tremendously, and especially since the massive central bank printing that took place at the time of Covid. The U.S. government and the Federal Reserve are seriously worried about inflation, and this is with an official rate of 6%. For the Argentine government, a 100% inflation rate and more must be way beyond the time to panic. The average Argentinian is the one who bears the brunt of this inflation, so having an escape hatch into crypto must be a huge relief. Pesos to Bitcoin? Of course, a lot of the cryptocurrencies out there are not going to hold their value, and many of them can certainly fare even worse than the Argentine peso. However, even from a purely defensive perspective, putting a certain amount of pesos into Bitcoin might be an excellent exchange. The purchasing power of the peso is almost certain to go down, of that there is no doubt. On the other hand, Bitcoin has arguably just emerged from its bear market. The price can still go down as nothing is certain in markets, but given the shaky environment for banks, Bitcoin can potentially be an exit from the system for many people, and not just Argentinians. Financial inclusion The new service from global crypto exchange Binance will enable Argentinians to convert their pesos into crypto via their Binance wallets, or via bank or virtual transfer. Maximiliano Hinz, Latin American director of Binance, Southern Cone, said of the service: “ We are excited about this release. At Binance, the focus is always on our clients, and we are committed to providing them with the most fluid, safe and optimized experience. We understand the peculiarities of each country in the region. This new service will allow us to continue working for financial inclusion" IMF pressure The Argentine central bank released a statement in May of last year, saying that the country’s financial sector could not provide unregulated digital assets services. This statement came about a month after Argentina agreed a $45 million loan with the International Monetary Fund (IMF). Some might say that the central bank statement on crypto may have been prompted by the IMF demanding it, in order to receive the loan. 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.