26 days ago • cryptodaily
Hong Kong's Digital Leap: Embracing Web3 and the Future of Entertainment
Digital technology, particularly innovations like Web3 and blockchain, is the driving force behind a transformation in Hong Kong.
Paul Chan Po-Mo, Financial Secretary for Hong Kong, recently laid out his vision for the future of digital technology in Asia in an official government blog with the title: “Entertainment Goes Beyond Boundaries with Web3”.
According to Chan, the global online entertainment market, which stood at USD 184.2 billion in 2021, is projected to skyrocket to USD 653.4 billion by 2027, marking an impressive 21% annual growth.
The Cyberport digital community
He remarked on the recent Digital Entertainment Leadership Forum, organised by Cyberport, saying that it was a testament to Hong Kong's commitment to this digital evolution.
The event, which attracted over 3,500 attendees both online and in-person, served as a platform for experts from over 30 countries to discuss the future of digital entertainment in the Web3 era. The forum also doubled as a highlight of the "Happy Hong Kong" campaign, offering a blend of Augmented Reality games, tech workshops, and local delicacies.
Cyberport, a digital community in Hong Kong, currently houses over 170 companies specialising in the metaverse, game development, e-sports, and more. Many of these firms are making significant strides in leveraging Web3 and other cutting-edge technologies. Noteworthy achievements include a fitness app that allows users to work out alongside Marvel characters and a metaverse game that has amassed a significant following in Japan.
Web3 offers so much more
But Web3's potential isn't limited to entertainment. Its foundational technology, blockchain, promises transparency, security, and cost-efficiency. This tech is poised to revolutionise sectors from finance to supply chain management.
The recently inaugurated Web3 Living Lab showcases local companies' innovative applications of Web3 in diverse life and business scenarios. From using blockchain to monitor livestock health for financing to introducing programmable tokens for efficient payments, Hong Kong's startups are at the forefront of innovation.
The Hong Kong Government isn't far behind. Earlier this year, the Hong Kong Monetary Authority pioneered the issuance of tokenised green bonds, a global first. This move streamlined the bond issuance process, slashing the lead time from five business days to just one.
A Web3 ecosystem
To further bolster Web3 development, Chan stated that he had allocated $50 million to Cyberport. The fund aims to nurture a thriving Web3 ecosystem, drawing in businesses, talent, and fostering educational initiatives. Presently, Cyberport is home to over 180 Web3-centric companies, with a significant portion hailing from Mainland China and abroad.
The Task Force on Promoting Web3 Development, which Chan chairs, recently held its inaugural meeting. This group, comprising industry leaders and professionals, is dedicated to guiding Hong Kong's Web3 journey, ensuring its sustainable and orderly growth.
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.
26 days ago • cryptodaily
Hong Kong's Digital Leap: Embracing Web3 and the Future of Entertainment
Digital technology, particularly innovations like Web3 and blockchain, is the driving force behind a transformation in Hong Kong.
Paul Chan Po-Mo, Financial Secretary for Hong Kong, recently laid out his vision for the future of digital technology in Asia in an official government blog with the title: “Entertainment Goes Beyond Boundaries with Web3”.
According to Chan, the global online entertainment market, which stood at USD 184.2 billion in 2021, is projected to skyrocket to USD 653.4 billion by 2027, marking an impressive 21% annual growth.
The Cyberport digital community
He remarked on the recent Digital Entertainment Leadership Forum, organised by Cyberport, saying that it was a testament to Hong Kong's commitment to this digital evolution.
The event, which attracted over 3,500 attendees both online and in-person, served as a platform for experts from over 30 countries to discuss the future of digital entertainment in the Web3 era. The forum also doubled as a highlight of the "Happy Hong Kong" campaign, offering a blend of Augmented Reality games, tech workshops, and local delicacies.
Cyberport, a digital community in Hong Kong, currently houses over 170 companies specialising in the metaverse, game development, e-sports, and more. Many of these firms are making significant strides in leveraging Web3 and other cutting-edge technologies. Noteworthy achievements include a fitness app that allows users to work out alongside Marvel characters and a metaverse game that has amassed a significant following in Japan.
Web3 offers so much more
But Web3's potential isn't limited to entertainment. Its foundational technology, blockchain, promises transparency, security, and cost-efficiency. This tech is poised to revolutionise sectors from finance to supply chain management.
The recently inaugurated Web3 Living Lab showcases local companies' innovative applications of Web3 in diverse life and business scenarios. From using blockchain to monitor livestock health for financing to introducing programmable tokens for efficient payments, Hong Kong's startups are at the forefront of innovation.
The Hong Kong Government isn't far behind. Earlier this year, the Hong Kong Monetary Authority pioneered the issuance of tokenised green bonds, a global first. This move streamlined the bond issuance process, slashing the lead time from five business days to just one.
A Web3 ecosystem
To further bolster Web3 development, Chan stated that he had allocated $50 million to Cyberport. The fund aims to nurture a thriving Web3 ecosystem, drawing in businesses, talent, and fostering educational initiatives. Presently, Cyberport is home to over 180 Web3-centric companies, with a significant portion hailing from Mainland China and abroad.
The Task Force on Promoting Web3 Development, which Chan chairs, recently held its inaugural meeting. This group, comprising industry leaders and professionals, is dedicated to guiding Hong Kong's Web3 journey, ensuring its sustainable and orderly growth.
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.
26 days ago • cryptodaily
BitBoy Crypto Parts Ways With YouTuber Ben Armstrong
BJ Investment Holdings, the parent company of the Hit Network that controls BitBoy Crypto, has announced that it has severed ties with YouTuber and Influencer Ben Armstrong.
The company made the announcement on X and made several strong allegations attacking the crypto influencer’s character.
A Parting Of Ways
The announcement about the removal of Ben Armstrong was confirmed on X by BitBoy Crypto. According to the announcement, BJ Investment Holdings took decisive legal action to Remove Ben from the company and, more specifically, the BitBoy Crypto Brand.
“Yesterday, BJ Investment Holdings, the parent company of Hit network, took decisive legal action in removing Ben Armstrong from the company, and specifically the Bitboy Crypto brand.”
The reasons were revealed in a longer and more detailed YouTube announcement. According to a company spokesperson, the decision was made after several efforts to assist Ben Armstrong “during his relapse into substance abuse.” The spokesperson also expressed regret at the end of the business relationship between the company and Armstrong. The firm had earlier claimed that Armstrong had inflicted considerable emotional, physical, and financial damage on people in the space and on Hit employees. While the allegations include serious and personal allegations against Armstrong, the influencer has not spoken out or confirmed them himself.
However, the BenCoin account on X responded to the news in a post that it claimed was written by Armstrong. However, it is still being determined as of now if Armstrong, indeed, was the one who wrote the message.
“This is Ben. TJ Shedd & Justin Williams have attempted a coup at my company. Just confirming what is going around. It’s true. There has been a mutiny at BitBoy Crypto & Hit Network. But it won’t work. They have no leverage. Until they can clone me, I have nothing to worry about.”
Possible Reasons?
The announcement by BitBoy Crypto did not elaborate or point to any specific incidents that could have contributed to the end of its business relationship with Armstrong. However, the YouTuber and crypto influencer was involved in a class-action lawsuit after investors claimed that he and other influencers promoted the now-bankrupt FTX exchange without revealing compensation from the exchange. Court filings also suggested that Armstrong issued several threats against lawyers who were representing the plaintiffs. He had also openly mocked a federal judge’s authority by failing to appear in court as ordered. The case was stayed on the 16th of June.
Armstrong also insulted several high-profile figures using his platforms, with over 1 million subscribers on X and YouTube. These figures included Christine Lagarde, the president of the European Central Bank, and Gary Gensler, the United States Securities and Exchange Commission (SEC) Chair. He had also filed a defamation suit against YouTuber Erling Mengshoel Jr, also called “Atozy.” However, he later dropped the case after Atozy managed to raise around $200,000 for his defense.
Social Media Users React
Many users on YouTube and X reacted in support of Armstrong following the announcement on X. They also expressed some concerns about the future of the BitBoy Crypto brand, given Armstrong was its most popular and recognizable face. One user on X stated,
“I remember when I first got into crypto... I was still trading on Coinbase, I listened to bitboy tell me what coins to buy, and my charts were so full of indicators I could hardly see the candlesticks. It’s crazy how fast things can change in three days.”
Many users on the YouTube livestream were unhappy with Armstrong’s removal, with many demanding the host’s return. However, the mood on Reddit was in stark contrast with that on the YouTube live stream, with many users cheering the news. It is also unclear if any of Armstrong’s previous legal problems led to the company parting ways with him. Authorities have been targeting crypto influencers globally for promoting fraudulent projects following the collapse of FTX.
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.
26 days ago • cryptodaily
BitBoy Crypto Parts Ways With YouTuber Ben Armstrong
BJ Investment Holdings, the parent company of the Hit Network that controls BitBoy Crypto, has announced that it has severed ties with YouTuber and Influencer Ben Armstrong.
The company made the announcement on X and made several strong allegations attacking the crypto influencer’s character.
A Parting Of Ways
The announcement about the removal of Ben Armstrong was confirmed on X by BitBoy Crypto. According to the announcement, BJ Investment Holdings took decisive legal action to Remove Ben from the company and, more specifically, the BitBoy Crypto Brand.
“Yesterday, BJ Investment Holdings, the parent company of Hit network, took decisive legal action in removing Ben Armstrong from the company, and specifically the Bitboy Crypto brand.”
The reasons were revealed in a longer and more detailed YouTube announcement. According to a company spokesperson, the decision was made after several efforts to assist Ben Armstrong “during his relapse into substance abuse.” The spokesperson also expressed regret at the end of the business relationship between the company and Armstrong. The firm had earlier claimed that Armstrong had inflicted considerable emotional, physical, and financial damage on people in the space and on Hit employees. While the allegations include serious and personal allegations against Armstrong, the influencer has not spoken out or confirmed them himself.
However, the BenCoin account on X responded to the news in a post that it claimed was written by Armstrong. However, it is still being determined as of now if Armstrong, indeed, was the one who wrote the message.
“This is Ben. TJ Shedd & Justin Williams have attempted a coup at my company. Just confirming what is going around. It’s true. There has been a mutiny at BitBoy Crypto & Hit Network. But it won’t work. They have no leverage. Until they can clone me, I have nothing to worry about.”
Possible Reasons?
The announcement by BitBoy Crypto did not elaborate or point to any specific incidents that could have contributed to the end of its business relationship with Armstrong. However, the YouTuber and crypto influencer was involved in a class-action lawsuit after investors claimed that he and other influencers promoted the now-bankrupt FTX exchange without revealing compensation from the exchange. Court filings also suggested that Armstrong issued several threats against lawyers who were representing the plaintiffs. He had also openly mocked a federal judge’s authority by failing to appear in court as ordered. The case was stayed on the 16th of June.
Armstrong also insulted several high-profile figures using his platforms, with over 1 million subscribers on X and YouTube. These figures included Christine Lagarde, the president of the European Central Bank, and Gary Gensler, the United States Securities and Exchange Commission (SEC) Chair. He had also filed a defamation suit against YouTuber Erling Mengshoel Jr, also called “Atozy.” However, he later dropped the case after Atozy managed to raise around $200,000 for his defense.
Social Media Users React
Many users on YouTube and X reacted in support of Armstrong following the announcement on X. They also expressed some concerns about the future of the BitBoy Crypto brand, given Armstrong was its most popular and recognizable face. One user on X stated,
“I remember when I first got into crypto... I was still trading on Coinbase, I listened to bitboy tell me what coins to buy, and my charts were so full of indicators I could hardly see the candlesticks. It’s crazy how fast things can change in three days.”
Many users on the YouTube livestream were unhappy with Armstrong’s removal, with many demanding the host’s return. However, the mood on Reddit was in stark contrast with that on the YouTube live stream, with many users cheering the news. It is also unclear if any of Armstrong’s previous legal problems led to the company parting ways with him. Authorities have been targeting crypto influencers globally for promoting fraudulent projects following the collapse of FTX.
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.
40 days ago • cryptodaily
FDIC report includes crypto as banking risk
The Federal Deposit Insurance Corporation has included crypto in its annual risk review for the first time, stating that crypto presents key risks and that it needs closer supervision.
FDIC seeks more control over crypto companies
The crypto industry may not be entirely happy with being closely supervised by the likes of the FDIC given that it came about as an alternative to a slow-moving banking system that does not provide a helpful service to clients.
Be that as it may, the FDIC has the reins of power and will do what it will do in order to try and bring crypto under the control of regulators that are regulating on behalf of the incumbent system.
Banks are already working with crypto institutions, and others are contemplating such a move. Therefore, in collaboration with its fellow federal banking entities the FDIC has stated in its report that it is ready to delve further into how banks are getting involved in crypto, and with this knowledge provide full supervisory guidance.
Perceived risks to banks
In its report the FDIC talks of the “dynamic nature of crypto-assets”, and their “rapid pace of innovation”. The main risks for the banking sector, as perceived by the FDIC is the possibility of “contagion” which could spread over into banks with exposure to the sector, and also the “run risk” for banks that hold stablecoin reserves.
The report went on to specify that all FDIC supervised banks must notify the agency of any crypto related activities that they have or that they are planning to engage in. Examples were then given of firms that had made misleading claims as to the eligibility of FDIC insurance for certain crypto-assets. The report ended with what the authors saw as “heightened liquidity risks” due to what they saw as the “unpredictability” of deposit inflows and outflows.
Opinion
The FDIC is an organisation staffed by those from the existing financial system, and therefore it is biassed towards the protection of the banks within that system.
There is no conversation as to how more failing banks might impact any crypto companies that are dealing with them, or how obliging crypto companies, or the banks that seek to deal with them, to jump through ever more complex regulatory hoops, might end up squashing the dynamism and innovation of crypto.
The FDIC is there to insure the funds of bank customers should their bank fail. However, without the money to guarantee the savings of the clients of more than one or two big banks should they fail - it might be asked: what is the point of this organisation anyway?
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.
40 days ago • cryptodaily
FDIC report includes crypto as banking risk
The Federal Deposit Insurance Corporation has included crypto in its annual risk review for the first time, stating that crypto presents key risks and that it needs closer supervision.
FDIC seeks more control over crypto companies
The crypto industry may not be entirely happy with being closely supervised by the likes of the FDIC given that it came about as an alternative to a slow-moving banking system that does not provide a helpful service to clients.
Be that as it may, the FDIC has the reins of power and will do what it will do in order to try and bring crypto under the control of regulators that are regulating on behalf of the incumbent system.
Banks are already working with crypto institutions, and others are contemplating such a move. Therefore, in collaboration with its fellow federal banking entities the FDIC has stated in its report that it is ready to delve further into how banks are getting involved in crypto, and with this knowledge provide full supervisory guidance.
Perceived risks to banks
In its report the FDIC talks of the “dynamic nature of crypto-assets”, and their “rapid pace of innovation”. The main risks for the banking sector, as perceived by the FDIC is the possibility of “contagion” which could spread over into banks with exposure to the sector, and also the “run risk” for banks that hold stablecoin reserves.
The report went on to specify that all FDIC supervised banks must notify the agency of any crypto related activities that they have or that they are planning to engage in. Examples were then given of firms that had made misleading claims as to the eligibility of FDIC insurance for certain crypto-assets. The report ended with what the authors saw as “heightened liquidity risks” due to what they saw as the “unpredictability” of deposit inflows and outflows.
Opinion
The FDIC is an organisation staffed by those from the existing financial system, and therefore it is biassed towards the protection of the banks within that system.
There is no conversation as to how more failing banks might impact any crypto companies that are dealing with them, or how obliging crypto companies, or the banks that seek to deal with them, to jump through ever more complex regulatory hoops, might end up squashing the dynamism and innovation of crypto.
The FDIC is there to insure the funds of bank customers should their bank fail. However, without the money to guarantee the savings of the clients of more than one or two big banks should they fail - it might be asked: what is the point of this organisation anyway?
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
Alchemix Reports Return Of Stolen Funds From Curve Exploit
Alchemix, a lending platform, has reported that all the funds stolen by the Curve Finance hacker from Alchemix’s alETH-ETH pool have been returned.
Curve Finance had fallen victim to a major heist on the 31st of July, leading to the hacker draining around $61 million from the protocol.
Alchemix Announces Return Of All Funds
The Curve Finance exploit had resulted in Alchemix losing around $13.6 million from its alETH-ETH pool. Apart from Alchemix, several other pools also saw their funds drained. These included JPEGd’s pETH-ETH pool, which saw outflows of around $11.4 million, and Metronome’s sETH-ETH pool, which saw the exploit drain about $1.6 million. The hacker had targeted several stable pools on Curve Finance using a reentrancy bug that impacted the Vyper programming language used on Curve Finance.
Now, Alchemix has announced on X that the hacker has returned the stolen funds after accepting a bug bounty offer from Curve, Metronome, and Alchemix.
“We are extremely happy to announce that all funds stolen by the hacker of the Alchemix @CurveFinance pool have now been returned.”
An Offer The Hacker Couldn’t Refuse
Alchemix, Metronome, and Curve Finance had offered the hacker a 10% bug bounty as a reward, asking them to return the remaining 90% of the stolen funds. The three entities had stated that if the hacker returned the funds, they would not face any further legal or law enforcement actions.
“The offer comes with a guarantee of no further legal actions or involvement of law enforcement. We want to resolve this in a civilized manner. You will have no risk of us pursuing this further, no risk of law enforcement issues.”
However, the three protocols also told the hacker to view their offer as a final warning, giving them until the 6th of August to accept their offer. They warned that if the hacker refused or ignored their warning, they would be expanding the bounty to the public, offering 10% of the funds to anyone who would help identify the hacker in a way that would lead to conviction in court. The stark warning stated that the hacker would feel the full force of the law should he fail to comply.
“If you choose not to partake in the voluntary return and complete the process by the 6th of August at 0800 UTC, we will expand the bounty to the public and offer the full 10% to the person who is able to identify you in a way that leads to your conviction in the courts. We will pursue you from all angles with the full extent of the law.”
Hacker Accepts Offer And Returns Funds
On the 4th of August, the hacker posted a message on the Ethereum network directed at Curve Finance and Alchemix development teams. In the not-so-pleasant message, the hacker stated that they would return the funds, but because they did not want to ruin the multiple projects impacted, and not because they were caught or because of the threat of legal action. The hacker stated in his on-chain message,
“I’m refunding, not because you can find me. It’s because I don’t want to ruin your project.”
At around 11:16 am UTC, the hacker returned 1 alETH to the Curve Finance deployer account. Following the success of the initial transaction, the hacker made three separate transfers two hours later, totaling around 4820.55 alETH, sent to the Alchemix development team’s multisig wallet. The funds returned were around $8.9 million worth of crypto assets, making up around 15% of the stolen funds. Alchemix later reported that the hacker returned all of the stolen funds.
NFT protocol JPEG’d, in a separate announcement, also confirmed that they had been refunded, with the perpetrators returning around 5495 ETH. As stated in the bounty offer, the NFT protocol will not be taking any legal action against the hackers. The JPEG’d team stated,
“Any further investigations or legal matters against the entity will end. We view this occurrence as a white-hat rescue.”
DeFi Breathes A Sigh Of Relief
The Curve Finance exploit had put considerable pressure on the larger DeFi ecosystem after the value of the protocol’s CRV token plummeted after the hack. Several reports that emerged after the hack stated that Curve founder Michael Egorov had taken several loans, putting up CRV as collateral, putting Egorov’s $168 million lending position at risk of liquidation. This put major DeFi protocols Aave, Abracadabra, and several others at risk as well, thanks to a potential domino effect.
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.
52 days ago • cryptodaily
Analysts Predict a Viral Surge for Tradecurve: Huobi Token and Binance (BNB) Face New Riva
In the dynamic crypto landscape, a potential disruptor has emerged - Tradecurve. Analysts are predicting a viral surge for this newcomer, setting it up as a formidable rival to established players like Huobi Token (HT) and Binance (BNB). This article delves into this developing narrative, exploring the potential reasons behind Tradecurve's predicted rise and what it means for its competition.
>>Register For The Tradecurve Presale<<
Tradecurve (TCRV): The Viral Surge and Its Impact on Huobi Token (HT) and Binance (BNB)
Signing up for crypto exchanges like Huobi and Binance can be a daunting task. There are endless KYC requirements, complex interfaces, and often long wait times. Enter Tradecurve: a trading platform that removes KYC requirements to enable anonymous transactions.
All that's required to sign up on Tradecurve is an email address and a crypto deposit. Once signed up, you can get instant exposure to crypto, forex, commodities, and company stocks. Tradecurve really is an all-in-one trading platform.
Tradecurve is introducing an array of features designed to give traders an edge in the market. Among these is copy trading, enabling traders to emulate the strategies of successful peers. Tradecurve also includes AI-assisted automated trading, staking for passive income, and substantial leverage of up to 500:1.
Market sentiment towards Tradecurve is overwhelmingly positive, as demonstrated by the successful sale of over 100 million tokens in the fourth phase of the presale. Now in phase 5 for $0.025 per token, market analysts predict that the price of TCRV could surge to well over $1.00 in the next year.
Some market watchers have even drawn comparisons between the potential growth trajectory of Tradecurve and the rise of Binance. The latter started at a mere $0.11 during its ICO phase and has since ballooned to over $600. If these predictions materialize, early TCRV investors could see significant returns once the token is listed on major exchanges.
Huobi (HT) Faces Regulatory Pressure
Huobi, a top global cryptocurrency exchange, finds itself in choppy waters as its token price has plunged an alarming 93% to just $2.66. This steep Huobi decline is largely attributable to the crypto winter which has caused the entire digital asset market to suffer.
However, there is no denying that Huobi is under increasing pressure from regulators, as well as the competition. For instance, Huobi was forced to shut its operations in Malaysia, a market where it had been flourishing.
An analysis of Huobi's daily trading chart reveals a discernible descending triangle pattern, indicating that Huobi's price is trapped in a downward spiral. Although a reversal might be possible, breaking through the formidable $3.00 resistance level presents a substantial obstacle for the Huobi token.
Moreover, Tradecurve's debut in crypto trading could effectively take a slice of Huobi's market share away, eating into its profits and further depressing its token price.
Binance (BNB) Loses Ground To Tradecurve (TCRV)
Navigating through a storm of regulatory scrutiny, Binance finds itself in a precarious position. It is wrestling with the enforcement measures taken by both the Markets in Crypto-Assets (MiCA) and the U.S. SEC.
The Binance token has nosedived from $308 on June 5th to a low of $221 within a few days. This is in the wake of these unsettling developments. The road ahead for Binance appears riddled with obstacles.Although, Binance has managed a modest recovery, trading at $245 at present, t
The future of Binance now hinges on its ability to navigate these regulatory challenges and regain the trust of its user base. Market analysts are closely watching the critical $200 support level for Binance, a threshold that has marked the lower bound of its trading range for the past year.
With Tradecurve's arrival, Binance faces a formidable new rival that is expected to siphon off some of its market share. Binance holders are already starting to sell their tokens to take part in the Tradecurve presale, further threatening the drop below $200.
For more information about the Tradecurve (TCRV) presale:
Website: https://tradecurve.io/
Buy presale: https://app.tradecurve.io/sign-up
Twitter: https://twitter.com/Tradecurveapp
Telegram: https://t.me/tradecurve_official
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
3.0 Verse Launches Unified Marketplace for CeFi and DeFi Trading
Dubai, United Arab Emirates, August 3rd, 2023, ChainwireDubai has emerged as a global VDA hub and digital market convergence by 3.0 Verse will further benefit the global markets and users.In the dynamic world of large number of trading platforms and cryptocurrencies, the need for an intelligent, information driven and comprehensive user-friendly trade routing platform has never been more crucial. Today, 3.0 Verse is extremely happy to unveil from Dubai, its 3.0 Verse solution, a cutting-edge trade routing platform that brings together the best of both Centralized Finance (CeFi) (Binance, Huobi, Gate IO and OKX) and Decentralized Finance (DeFi) (AAVE, Compound, Curve, Uniswap, Sushi swap and Pancake swap).This innovative platform is poised to revolutionize the crypto trading experience, providing users with seamless access to multiple exchanges, decentralized protocols, information, analytics, BoTs and support ecosystem all from a single interface. The 3.0 Verse solution also has a media channel through 3.0 TV and an educational channel through 3.0 University.A World of Convenience and EfficiencyMulti-Market Trade Routing Platform- The heart of 3.0 Verse lies in its Multi-Market Trade Routing Platform, offering a ground-breaking solution to the fragmented trading experiences faced by crypto participants. This feature empowers users to effortlessly trade on renowned CeFi exchanges along with multiple DeFi platforms besides automated BoT Trading. The beauty of the platform is that a user can do all this from one unified screen and single technology infrastructure. With 3.0 Verse, gone are the days of multiple KYC verifications and the hassles of navigation between exchanges. Our platform consolidates the crypto trading experience and support system on a single platform.Empowering Traders with KnowledgeTrending Coin Monitoring and Market Calls In markets, knowledge is power. 3.0 Verse equips traders with invaluable insights through its Trending Coin Monitoring feature, tracking the hottest coins across CeFi platform, routing lending and borrowing or swapping based on most AI driven most efficient markets.Additionally, the pooled Market Calls feature offers a success rate of over 86% in the last five months, providing users with expert market analysis. Armed with curated content and timely information, traders can confidently make informed decisions. If the users desires to use trading strategies without manual intervention due to long trading hours then the users can use their desired Trading Strategies through the inbuilt trading BoT."In an ever-evolving crypto landscape, convenience and significance are paramount for crypto participants. 3.0 Verse aims to revolutionize the trading experience, uniting CeFi and DeFi on one intuitive platform. At 3.0 Verse, we believe that curated content, market news, data and analytics is instrumental in guiding the users towards smart and informed trading decisions. We constantly enrich the crypto community through 3.0 Verse, 3.0 TV and 3.0 University. With this pioneering trading platform, we aspire to open new doors of opportunities for all crypto enthusiasts." said Mr. Mayur Poddar, Director of 3.0 Verse.The Technology The 3.0 Verse solution is a technology wonder as it handles massive real-time market prices, data, news, orders, trades, queries, analytics, BoTs processing, index computation and education content of LMS of 3.0 University, videos of 3.0 TV, from multiple sources and then aggregates, disseminates and confirms transaction online real time 24/7 with extremely low latency. The 3.0 Verse solution is robust, fault-tolerant, auto-scalable architecture and highly secure with Google Cloud Armour.3.0 Verse invites all crypto enthusiasts and traders to embark on a transformative journey. With its intuitive interface, inclusive access to CeFi and DeFi, and expert market insights, users can navigate the crypto universe with ease and confidence.Mr. Mayur Poddar, added: "3.0 verse App is a technology innovation designed to converge global market ecosystem, efficiency and ease of operation for the users trading in virtual digital asset class. We are happy to have strategic collaborations with the ecosystem partners to ensure that end users have seamless access to markets and services. We are open to partnerships with multiple partners who wish to reach end clients with their products or service as our efforts are collaborative and in the interest of the end users. With a focus on technology innovation, information analytics, and user-centric convenience, we aim to empower individuals to navigate the crypto universe with confidence and ease and yet make informed choice."The TV interview on 3.0TV can be found here– https://youtu.be/QpGViKhwyhYAbout 3.0 Verse3.0 verse is a one-of-a-kind global digital super app, which brings multiple crypto exchanges on a single platform. Users can leverage unparalleled and unprecedented benefits by accessing the world’s top CeFi and DeFi exchanges on a single dashboard. Trusted by more than 3 million users across the crypto industry, 3.0 verse is on an indefatigable mission to create an ever-growing ecosystem of digital asset class trading that can transform lives.ContactDirectorMayur Poddar3.0 [email protected]
75 days ago • cryptopotato
Ethereum Tumbles 5% Weekly, Here’s the Imminent Support to Watch (ETH Price Chart)
Ethereum’s price has been oscillating in a tight range below the $2,000 psychological resistance level, failing to break higher. Yet, several support zones are available for investors to feel confident that the market will not crash. Technical Analysis By: Edris The Daily Chart: On the daily chart, the price has been going through choppy action, […]
79 days ago • cryptopotato
Will XRP Crash to $0.40? Bears Maintain Control (Ripple Price Analysis)
Ripple’s price action has been choppy lately, especially against USD. Against BTC, though, things are looking interesting in the short term. Technical Analysis By: Edris XRP/USDT Daily Chart: Against USD, the price has been consolidating in a narrow range between $0.45 and $0.5. The 50-day moving average, currently around $0.5, is currently pushing the cryptocurrency […]
95 days ago • cryptopotato
Earn Network Raises $2.7M in Seed Funding to Further Develop the Marketplace for Liquid Investments
[Press Release – Hong Kong, June 21st, 2023] The Earn Network, a community-driven marketplace for liquid investments, is happy to announce the successful completion of its Seed Funding round that raised $2.7 million from VCs and Angel investors. As per the announcement, the round was led by Shima Capital. The event saw the participation of […]