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1h agocryptodaily
Cozy Web3 Movement: Cozies announces minting of Cozies NFTs for October 10th
New York, United States, 6th October, 2022, ChainwireCozies, an immersive community-driven movement promoting a "Cozy" culture of living, has announced its first-ever Cozies NFT release is minting for October 10th at 10 am EST on its website. Inspired by lo-fi anime aesthetics, sci-fi, and streetwear culture, the Cozies collection is made up of ERC721A 10,000 NFTs, each intentionally crafted to reflect a Cozy futuristic reality. As a Web3-native well-being brand, Cozies is aiming to empower and encourage NFT owners to expand on their character's stories after they go on a journey of self-exploration. To achieve this, the team is creating platforms and an immersive digital world scape to enable Cozy culture to exist in holders’ daily lives and make the Cozies universe feel complete. The aim is to bring together a forward-thinking collective of independent innovators, wanderers, and peace seekers who have left an unsustainable culture of never-ending hype and risky ventures to face a new direction - toward the self and a shared vision of the future, knowing lifelong growth is achieved and experienced together. “Cozies is an advocacy movement that sprang forth from some of the problems arising from Web3,” says Andrew Fai, CVO (Chief Visionary Officer). “We want to introduce a more calm, collected, and reflective mindset to render the space more welcoming and positively impactful on individual well-being.” The team’s focus is on developing suites of tools, engaging activities, and support processes that enable holders of Cozies to use their owned NFT IP, and the wider Cozies branding material, in all manner of desired applications. This will aid the process of decentralized brand growth by enhancing utilization possibilities for holders. These NFTs will be utilized as decentralized identifiers so that Cozies holders can use their on-chain Cozies credentials to gain access to an engaging world of well-being on the internet. Holders will be able to benefit from persistent identities and collect digital souvenirs, mementos, and credentials to take with them in their wallets. These will mark an individual's well-being journey and help build a unique on-chain identity. About Cozies Cozies is a Web3-native, immersive well-being brand leading a new global movement toward a “Cozy” culture, which they define as being comfortable with who you are, what you own, and where you are going. The organization and project are focused on creating unique, decentralized, digital identities that unlock a wider potential for well-being and immersive experiences, as well as working with the community to develop tools (public goods for holders) that enable expanded utilization possibilities for holders’ intellectual property (IP) in order to aid decentralized brand growth. The project has gotten immense success with over 100k Twitter followers and continues to make strides with the "Cozy" culture. With prior experience in developing immersive digital experiences and operating in globally renowned companies, the team behind Cozies is ready to bring Cozy culture to Web3. For more information on Cozies, please refer to and Cozies whitepaper which outlines its mission, vision, and utility in great detail. Website | Twitter | Discord | Instagram ContactChief Visionary OfficerAndrew [email protected]
3h agocointelegraph
Report: On-chain data points to crypto consolidation in Q3
The latest quarterly report from DappRadar highlights a period of consolidation across the cryptocurrency ecosystem following a turbulent Q2.
9h agocryptodaily
AAG Partners with World Leading Blockchain PR & Marketing Firm MarketAcross
Singapore, SG, 6th October, 2022, ChainwireAAG is thrilled to announce a partnership with the world’s leading blockchain PR and marketing firm MarketAcross to raise the visibility of AAG and its upcoming product launches. Following its mission to bring 1 billion people to the Metaverse by 2030, AAG develops software with a goal of lowering the barriers to entry. AAG’s products focus on the customer experience, creating a simplified journey, while maintaining high security standards in order for more people to safely explore Web3. Over the past 2 weeks, AAG has launched the MetaOne dApp Store, a curated list of projects aiming to guarantee safety from scams, and AAG Academy, a central point for learning Web3 concepts and practical applications. AAG’s MetaOne wallet is slated to launch its private beta release in the coming weeks. Headquartered in Tel Aviv, Israel, MarketAcross’ clients include Binance, Polygon, Polkadot,, Simplex and many more. In addition to helping some of the industry’s largest projects, MarketAcross also manages the marketing and PR of major events like Korea Blockchain Week (KBW) 2022 and DCentral Miami. This is a pivotal moment in AAG’s journey, and MarketAcross will play a key role, utilizing its global media reach in the blockchain, cryptocurrency, and startup sectors to build significant awareness of AAG and its products. “I am so excited about our collaboration with MarketAcross,” said Lily Lin, VP Products and Operations. “AAG is building the stepping stones that will enable more and more people, especially those who are curious about Web3, to explore and experience what the future has to offer. With MarketAcross, we will significantly increase AAG’s exposure, and get our products into the hands of people who want to use them.” About MarketAcross Headquartered in Tel Aviv, Israel, MarketAcross is the world’s leading blockchain PR and marketing firm. It provides a complete end-to-end marketing solution for blockchain firms across the globe. MarketAcross has helped many of the industry’s largest exchanges and blockchain projects, including Polkadot, Solana, Binance, Polygon,, Huobi, and eToro, build their brands among cryptocurrency and blockchain audiences. For more information about MarketAcross, visit: Website | Twitter | LinkedIn About AAG AAG, formally known as AAG Ventures, is a web3 infrastructure company focusing on providing software that helps simplify interactions with blockchain applications and the Metaverse for mainstream users and traditional companies. AAG provides a secure and easy-to-use crypto wallet, as well as infrastructure software, such as a cross-chain search engine and GameFi SDK for enterprise companies. With the belief that education is the key to unlock the potential of web3, AAG is also exploring the concept of Learn-and-Earn with the mission of enabling economic opportunities worldwide via the Metaverse economy. AAG aims to bring 1 billion people into the Metaverse economy by 2030. For more information about AAG, visit: AAG Linktree ContactDan [email protected]
1 day agocoindesk
Mastercard busca que la compra de criptomonedas sea más segura con una herramienta de evaluación de riesgos
"Crypto Secure" incorporará los conocimientos y la tecnología de CipherTrace para ayudar a los emisores de tarjetas a evaluar el perfil de riesgo de los intercambios de criptomonedas.
2 days agocoindesk
Bitcoin: Barclays es optimista y ve a la minera Core Scientific como la mejor apuesta de apalancamiento
Barclays inicia cobertura de la compañía minera de bitcoin con calificación de compra equivalente.
2 days agocryptodaily
Flow (FLOW) And Monero (XMR) Will Be Overtaken By Flasko (FLSK) In 2023
Undoubtedly, new and upcoming projects will help the cryptocurrency market continue its hopeful expansion. Because so many new coins are now available for purchase, investors are pouring money into the company as it undergoes spectacular growth. Flow (FLOW), Monero (XMR), and Flasko are three exciting cryptocurrency projects that may soon gain widespread adoption. But experts predict Flasko to grow fast in the next few months. Flow (FLOW) Holders Are Keen On Investing In Flasko (FLSK) Flow (FLOW) is a decentralized proof-of-stake blockchain that intends to promote Web3 and the open metaverse by making it easier to create NFTs, DeFi, DAOs, PFP projects, and other decentralized apps and technologies. Programmers can freely explore and develop the possibilities of Web3 by using Flow (FLOW). The Flow network uses its currency, represented by the Flow (FLOW) symbol. It is the sole token in the Flow (FLOW) ecosystem that can be used as a stake, a delegation, a transaction fee token, and a storage token. It is the most common method of transferring goods and services on Flow (FLOW). Monero (XMR) Investors Are Also Interested In Flasko (FLSK) Monero (XMR) cryptocurrency uses high-level cryptography to mask the identity of senders and receivers. Monero's creators placed anonymity and security over efficiency and user-friendliness. Monero's native currency is the XMR token. Due to its private character, the Monero coin (XMR) is unavailable on big crypto platforms such as Coinbase; it can be purchased on smaller platforms using Bitcoin (BTC). It leverages the CryptoNight consensus process based on the Proof of Work (PoW) technique to prevent large-scale miners from becoming the dominating force. More than just a cryptocurrency, Monero (XMR) is a group of volunteers working together in a decentralized community to advance the Monero project. Community members can be found in practically every country on the planet. Flasko (FLSK) Is Expected To Perform Excellently In The Next Few Years The Flasko presale has become one of the most popular in history. Investors can acquire NFTs backed by rare and luxury whiskeys, fine wines, and vintage champagne using the Flasko alternative token. Flasko presale has begun, and the price is currently $0.05. According to experts, a 2,500% gain is expected by 2023, suggesting that investors should expect even higher profitability in the following years. Consider investing in Flasko if you seek a cryptocurrency with excellent long-term growth potential this year. Website: Presale: Telegram: Twitter: Disclaimer: This is a sponsored pressrelease andis for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
3 days agocryptodaily
Jewish Creators Launch NFT Fundraiser for Feminist Nonprofits
New York, New York, 3rd October, 2022, ChainwireA collective of Jewish creators have teamed up to launch an NFT project that will raise funds for women’s nonprofits. The philanthropic cause will donate much of its proceeds to charities promoting women’s rights, especially as they relate to the Jewish community. The campaign will directly benefit women in Jewish communities while showcasing the power of NFTs for inspiring positive change. Artist Jill Blutt, writer Leigh Cuen, and technologist Yotam Bar-On are among the many creators behind this interactive digital art project. The Matriarchs, as it is known, will launch publicly on October 11, 2022. Until then, supporters are welcome to join the community conversation on Telegram. The launch will be marked by the promotion of visual art representing six Jewish female leaders throughout history, published in the form of unique NFTs. Each of the NFTs will be accompanied by written biographies and some will include unlockable, secret perks as well. The bulk of the proceeds from the sale of the NFTs will be donated to nonprofits dedicated to promoting women's rights such as the National Council of Jewish Women, although not limited to it. The NCJW is spearheading the Jewish community’s response to American restrictions on abortion access and healthcare. Other nonprofits may be chosen by the community as well. “There’s never been a more important time for feminists around the world to support religious freedom in the United States, especially as it pertains to the Jewish perspective on women’s right to health care,” Cuen said. “So we’re collaborating with Jewish creators around the world to explore how we can practice effective altruism through art.” The Matriarchs, led by a prominent group of feminist entrepreneurs, aims to create a unique community that is open to people of all faiths and backgrounds who are interested in learning more about women leaders throughout history. The collective’s first NFT drop is part of a broader trend for leveraging NFTs for social causes. The transparency provided by blockchain technology, coupled with the intersection with artists whose industry is historically aligned with benevolent causes, have made NFTs an ideal fundraising vehicle. About Matriarchs A band of Jewish creators have teamed up to create an interactive art project called “The Matriarchs.” A collection of visual art representing Jewish women leaders throughout history, published in the form of 6 unique NFTs, with written biographies and a few unlockable goodies to boot. ContactMarketAcross [email protected]
6 days agocoindesk
Telefónica autoriza compras con criptomonedas e invierte en el exchange local Bit2Me
La empresa activó las compras con criptomonedas en su marketplace tras añadir una función de pago proporcionada por Bit2Me.
6 days agocointelegraph
Blockchain gamers surge as users attempt 'stacking crypto,' says DappRadar
Despite the FUD, blockchain games surged in active users in September, while God’s Unchained cracked the top 10 in terms of total NFT sales volume of all projects.
6 days agocryptodaily
Presale gem Flasko (FLSK) is quickly being talked about worldwide, while Shiba Inu (SHIB) and Dogecoin (DOGE) fall
The cryptocurrency community is becoming increasingly decentralized. Several platforms make this possible - Shiba Inu (SHIB) for its creativity and focus on the community, Dogecoin (DOGE) to address market flaws, and Flasko to revolutionize the NFT investing sector. Flasko is new, but it has created a buzz in the crypto community since its presale and seen to overtake Shiba Inu (SHIB) and Dogecoin (DOGE). Shiba Inu (SHIB)investors see some hope in Flasko (FLSK) presale Shiba Inu (SHIB) was built on the Ethereum blockchain in 2020 by an anonymous individual or group known as 'Ryoshi' as an experiment in fully-decentralized community construction. Shiba Inu's native token (SHIB) is used as an incentive to use ShibaSwap, a decentralized exchange in the Shiba Inu network. Shiba Inu (SHIB) was created to run an experiment "in decentralized spontaneous community development." In addition, Ryoshi locked half of Shiba Inu (SHIB) in the Uniswap ecosystem and sent the rest to Ethereum cofounder Vitalik Buterin for protection. Vitalik gave 50 trillion Shiba Inu (SHIB) (then worth over $1 billion) to an Indian COVID-19 relief fund before burning (permanently deleting) 40% of the total Shiba Inu (SHIB) supply. Dogecoin (DOGE) holders are now investing in Flasko (FLSK) As a joke, software programmers Billy Markus and Jackson Palmer launched a payment system in 2013. It is a mock payment system using the "doge" meme, which was becoming more popular online then. Their objective was to make fun of cryptocurrency's excessive volatility and crazy speculation. Dogecoin (DOGE) is an open-source cryptocurrency that uses proof-of-work mining and is a fork of the Litecoin codebase. According to Billy, a less severe crypto asset, like Bitcoin, may have a greater chance of attracting mainstream users to crypto. Several Dogecoin (DOGE) communities sprang up online shortly after its inception, and they quickly gained a reputation for rewarding content creators and making philanthropic contributions. Flasko (FLSK) is a promising and lucrative alternative investment Users can use Flasko to make investments in the NFTs of champagne, wine, and whiskeys that are expensive and rare. Numerous investors have been drawn to Flasko's innovative idea and alternative investing platform. The creators of the Flasko token finished their Solid Proof audit and secured liquidity for more than 30 years. Over 100 million tokens have been sold in stage one of the presale, a sell out is looking highly likely. By early 2023, Flasko's current presale price of $0.04 will be expected to increase to $2.90. Experts predict that by 2023, Flasko will rank among the top cryptocurrencies. By 2022, the team has designed strategies to make itself the most profitable alternative investment for its early investors and place the FLSK token among the top ten cryptocurrencies. The Flasko presale should be joined as soon as feasible, given the potential of this product. Don’t miss out on the chance, invest in Flasko presale now. Website: Presale: Telegram: Twitter: Disclaimer: This is a sponsored pressrelease andis 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
7 days agocointelegraph
Bank of England Deputy Governor Cunliffe on DLT securities settlement: Not so fast!
In a lengthy appraisal of distributed ledger technology, Cunliffe weighed its technical implications, which will be examined in greater detail when the FMI Sandbox premiers in 2023.
8 days agocryptodaily
Aptos projects review by the Gotbit team
As the crypto world expands, we’re seeing the emergence of newer, more innovative blockchains looking to solve perceived issues the first chains like bitcoin and Ethereum had. The first two chains were both built on the proof-of-work consensus mechanism, and thus were considered decentralized and secure. The only issue is that they weren’t particularly scalable - meaning their transaction throughput was quite low. This leads to congestion issues like long transaction wait times and high gas fees. In order to make blockchains more scalable so that higher amounts of users can transact on the blockchain at the same time, you can compromise your decentralization and security. Newer blockchains, such as the upcoming Aptos blockchain, aim to balance this trilemma. The Gotbit team admires innovative solutions, and Aptos has captured not only our attention, but also the attention of millions across the market. Aptos offers a secure smart contract language, Move, as its base language, safe data storage, multichain development, adequate node requirements, and a distinguished decentralization level with 1000 validators expected in phase 3. Aptos’ dynamic landscape can provide a strong base for many new projects. The Gotbit team invites our readers to join us as we explore some of the projects on Aptos. Let’s get to it! Pontem Network - a vertically stacked infrastructure on Aptos, Pontem has released a wallet that will support both volatile and stable asset pairs, as well as the first decentralized exchange. The model of their exchange, Liquidswap, combines those of Uniswap and Curve into one. Pontem received a lot of funding in 2021 when it raised $4.5 million in an investment round led by Mechanism Capital and Kinetic Capital. In total, over 30 investors, including Animoca Brands, Delphi Ventures, and Alameda Adventures, contributed to this round. Pontem Network was co-founded by developer Stas Oskin, who helped come up with the idea for and launch WINGS DAO and Beam MW, and Boris Povod, the creator of the first javascript DPoS blockchain, Crypti, which served as the code base for Lisk and Ark. The team sees a lot of potential in their project and recently welcomed Alejo Pinto from crypto’s fastest growing Unicorn BlockFi on board as Chief Growth Officer. Pontem is an attractive project for potential investment due to their vertically integrated products, the support of VCs, as well as the project’s timing and market size. Nothing can be said for sure in this market, but Pontem is definitely showing signs that it is a force to be reckoned with. Martian Wallet - a wallet built on the Aptos blockchain that makes it easy to explore transactions on Aptos. The wallet works by making private keys, and then overseeing them on behalf of its users. These keys can then be used within the Martian wallet to store Aptos-based assets and sign transactions. The Aptos ecosystem is innovative and exciting, and one of the key elements of any blockchain ecosystem is a wallet. Among all the wallets on Aptos, including Pontem Wallet, Fewcha Wallet, and Fletch Wallet, Martian Wallet stands out having reached a mark of 75,000 downloads. The wallet has taken the best that existing wallets on other blockchains have to offer and condensed it into one. It runs smoothly and quickly like Metamask, has an intuitive and user-friendly interface like Trust Wallet, is functional like Polkadot js, and NFT-oriented like Phantom. This makes it an interesting project to invest in. Another reason why investing in crypto wallets may be a solid idea in the current market is that Metamask closed a $450m Series D funding round in March 2022, with a valuation of more than $7 billion. Metamask will also soon have a token as well as a DAO according to owner ConsenSys CEO Joseph Lubin. The most popular crypto wallet with its own token is Trust Wallet, which is owned by Binance. As of September 2022, the Trust Wallet token is trading with a capitalization of $380 million. We can’t predict what will happen, but the listing of the Metamask token could cause a dramatic reevaluation in the entire cryptocurrency wallet sector. Martian Wallet could potentially be a lucrative opportunity for investment as it’s a necessary tool in forwarding Aptos adoption. Econia - a protocol that lets practically anyone in the world trade digital assets at whatever price they want. To be more specific, Econia is an orderbook, which is a fundamental financial tool utilized by financial institutions like stock markets. However, unlike the New York Stock Exchange or the NASDAQ, Econia is decentralized, open-source, and permissionless. Sooner than we can imagine, any citizen from any country in the world will be able to invest even just one hour’s worth of their cryptocurrency-denominated wages into an American green energy company or a Norwegian cooperative housing bond. Alternatively, they could garner international investments for similar ventures in their own country, and the day is coming when daily on-chain trading volumes will surpass those of centralized exchanges. Decentralized markets are here to stay, and Econia is the next generation in the evolution of economic access. Global financial inclusion is just around the corner, all it takes is time. Current backers and the current funding round of Econia are yet to be announced. Similar to Econia, Mango Markets is a project that already exists that is built on Solana. Their funding round valued at below $40 million is excellent despite the bear market. Gotbit sees potential in investing in Econia. Seam Money - a structured staking, yield composer, and multi-purpose explorer for Aptos, where users can create both simple and complex strategies, allowing any combination of perpetuals. Seam is building the first composable product platform on Aptos, and staking + yield platform for LPs for both institutions as well as everyday users on Aptos. Like Econia, current backers and funding round details are yet to be announced, however, a project like this is likely to see a valuation of below $30 million, which will definitely increase investment interest. The key question is whether or not the project will be the first of its kind in its niche in the Aptos ecosystem, like Beefy Finance did on BNB Chain. There could easily be a tenfold increase in capitalization with the recovery on the market coupled with the implementation of the team’s plans to further abandon exclusivity for Aptos. Considering that this is a very early stage project with a solid, good concept, our point of view is to hold off on investment decisions until you can track their future results. Hippo Labs - the ultimate aggregation layer for the Aptos ecosystem that provides developers with tools to dramatically increase their productivity at the compiler, SDK, and framework-level. The team is building a trade aggregator, open-sourced Swap Implementations, a Move to Typescript Transpiler, a Transaction Simulation API, and an Aptos-wallet-adapter. This is definitely a promising project, but it has a huge number of existing rivals. Will it be able to compete with such mastodons as 1inch or Cyber Network? Will competitors ignore the Aptos ecosystem? To be honest, it’s too early to predict. In our opinion, while this is an interesting project that would surely aid in the adoption of Aptos, there is not much potential from the investment perspective. These are just some of the projects poised to capitalize on the success of upcoming blockchain Aptos, which aims to be an upgrade in scalability while also remaining as decentralized as possible and secure. Gotbit is extremely bullish on the Aptos ecosystem, and being one of its investors, we are definitely looking forward to its development and growth. If your interest matches ours, we would be more than happy to connect for a discussion! In the meantime, we all must wait to see what the future has in store for the Aptos Ecosystem. 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.
9 days agocryptodaily
FTX Set To Acquire Voyager Digital Assets For $1.4 billion
Sam Bankman-Fried-led FTX has won the protracted bidding war for bankrupt crypto lender Voyager Digital’s assets. According to a press release by Voyager, the FTX bid is valued at $1.4 billion. FTX was bidding against digital asset investment firm Wave Financial. Details Of The Bid The Voyager Digital saga seems to be coming to a close, with FTX winning the auction to acquire the assets of the embattled crypto lender. FTX submitted the highest bid, valued at $1.4 billion, according to the statement released by Voyager Digital. The auction process for the assets of the lender lasted for two weeks and was highly competitive. The FTX bid consisted of two things, the fair market value of Voyager’s crypto holdings at a yet-to-be-determined date. At current market prices, this figure is estimated to be around $1.311 billion. Additionally, an estimated incremental value of $111 million has also been considered. The announcement stated that Voyager’s bankruptcy estate, which also includes claims against Three Arrows Capital (3AC), would be distributed to creditors upon recovery. The Way Forward Now that the bid has been accepted, the asset purchase agreement between FTX US and Voyager Digital will be presented to the United States Bankruptcy Court for the Southern District of New York on the 19th of October, 2022, for approval. Any objection to the transaction must be filed before the 12th of October, 2022. If there are no objections to the deal, the deal will be approved in accordance with a chapter 11 plan, subject to a creditor vote and other closing conditions. The Voyager Digital Saga Voyager Digital had filed for bankruptcy in July, with the company coming under intense scrutiny by industry observers due to its business practices. One claim, in particular, caught the eye of observers when the company stated in its marketing documentation that investor deposits were protected by FDIC (Federal Deposit Insurance Corporation) insurance. FDIC insurance does protect bank-held cash deposits up to $250,000. However, the catch is that it does not cover cash converted to stablecoins. Additionally, Voyager’s loan book accounted for almost half of the company’s assets, with nearly 60% of the loan book comprising loans to Three Arrows Capital, which had also filed for bankruptcy in July. FTX’s Aggressive Expansion FTX is using the bear market to go on an acquisition spree in the crypto space, with Bankman-Fried going on record and stating that the company plans to spend billions on the acquisition of companies in the crypto space. The exchange has already completed several acquisitions as it looks to spend aggressively during the bear market. Additionally, FTX has stated that it will continue to support crypto projects if their collapse could have larger implications for the crypto space. In fact, FTX had also made several attempts to bail out Voyager previously. FTX and Alameda had put in a joint bid for Voyager, which the crypto lender promptly rejected. A source close to FTX and familiar with the deal has stated that FTX is currently in the midst of raising a $1 billion funding round. 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.
10 days agocryptodaily
Dusk Network prepares for upcoming EU crypto regulation (MiCA)
Extremely comprehensive legislative changes for the crypto sector are close to being implemented. Dusk Network is preparing for them, and in a series of articles on the subject, seeks to help the broader crypto community to understand its obligations in what can potentially be a difficult and complex transition into a new regulatory environment. Dusk Network is a tip-of-the-spear project building a privacy-focused layer-1 blockchain from the ground up. At the same time as making ground-breaking advances in zero-knowledge technology, Dusk Network provides fully compliant smart contracts for businesses that need their privacy to be preserved. Since early July of this year, Ryan King of Dusk Network has written and published a series of 5 articles aimed at breaking down the EU MiCA (Markets in Crypto Assets) regulation, which will have far-reaching implications for all crypto projects that wish to operate in the EU. Key Terminology The first article looks at how MiCA defines the various types of crypto assets, which can be confusing as they differ from what most in the industry understand them as. There is no legal meaning to the word ‘stablecoin’ in the classifications, and this has been split into two categories: EMT (Electronic Money Token), and ART (Asset-Referenced Token). Neither algorithmically-backed tokens, nor security tokens, nor NFTs have been included in the classifications. Who cares about MiCA? In the second article Dusk Network looks at the various stakeholders as regards the MiCA regulation. The European Union The MiCA regulation takes into account the potential that stablecoins may have for inflationary effects on currency. Therefore MiCA includes strict clauses that oblige stablecoin issuers to ringfence their assets and have them frequently audited. The article covers how there is potential for various scams and abuses in the crypto sector, and that when these take place investors look to their governments for protection and assistance, giving the EU the chance to step in and take enforcement actions under the incoming MiCA regulations. It looks as if the EU is seeking to build a regulated and transparent ecosystem of crypto assets where companies can set up with the full knowledge that guidelines are clear across the whole 27 countries that make up the union. The finance industry The clear guidelines to be put in place with MiCA aim to allow TradFi and DeFi to co-mingle without any barriers, and in full compliance. Dusk Network A stated aim of Dusk Network is to give everyone full control over all their digital assets, so it recognises that MiCA can be a step in the right direction. By building compliance in at the foundational level users will have the confidence that Dusk Network services can be accessed without having to worry if they meet regulations. With this in mind, Dusk Network will continue to observe MiCA and any other EU regulations with close attention. What MiCA means for you The third article in the series looks at the requirements for new crypto projects. The MiCA regulations are not retroactive and so will only apply to projects that are launched once the regulations are in place at some point in 2023. The MiCA regulations want to make a project’s whitepaper a legally binding document. All relevant information needs to be in a whitepaper and any promises made within it are binding and have to be carried out or consequences will result. There will also be rules for CASPs (Crypto Asset Service Providers) in that they must register a legal entity in any one of the 27 EU member states. They must show that they have enough funds in order to carry out planned operations; and they must demonstrate evidence of proper compliance. Stablecoins are redefined Although MiCA makes frequent reference to stablecoins, it does not legally define the word. Instead, two types of stablecoins are categorised, which are Electronic Money Tokens (EMTs) and Asset-referenced Tokens (ARTs). The rules recognise that EMTs are a one-for-one equivalence, with one electronic euro having the same value as a physical euro. They must also be backed by only one fiat currency. By contrast, an Asset-Referenced Token is denominated in a single currency, but is backed by any combination of two or more fiat currencies, one or more cryptocurrencies, and/or one or more other assets. Right of redemption Within the MiCA regulations but stemming from the 2014 EU Consumer Rights Directive, is the right of redemption after sale, within a 2-week cooling off period. This gives the right to a full refund without any valid reason, as long as funds are returned in their original form. This law will apply equally to both EMTs, ARTs, and any crypto assets. The issue for a project wishing to raise funds for its launch is that potentially a significant amount of its coins could be returned within two weeks of the token sale. This could mean that stablecoin issuances might only be attractive to large institutions that already have a lot of capital and who don’t need to raise funds in order to build. Will the MiCA rules on stablecoins be too restrictive? The EU appears to be concerned that stablecoins could threaten its control of the money supply, but it seems to be trying to balance this with the desire not to totally suppress the undoubted beneficial innovations that come with stablecoins. Also, with the rule that interest cannot be paid to consumers on their stablecoin holdings, this takes away one of their utilities and could eventually lead to them putting their money into the bank instead, which is of course exactly what governments are after. And finally, there is to be a $200 million euro cap on daily stablecoin transactions. At first glance this might seem a high limit, but in practice it isn’t. Many of the stablecoins operating today exceed this amount many times over. The good, the bad, the ugly, and the unknown The good It does appear that the EU is genuinely trying to strike a balance between providing a clearly regulated environment for crypto assets while at the same time attempting to still allow for innovation to happen. Regulatory clarity would hopefully attract those risk-averse sectors such as finance to come and set up in the EU, therefore, helping the European economy to compete with the United States and Asia as a place in which to do business based on DLT and other innovative technologies. The bad Regulatory compliance is a good thing, but it may be seen that the cost involved here could be prohibitive. Just the legal costs of writing a whitepaper could be great. Lawyers would have to comb through every word given that it would need to be a legally binding document. Also, while not just involving huge costs for a project, it also greatly increases the chances that it might be taken to court, with the ensuing costs of litigation to be added to the bill, and possible fines or worse to be faced. With the 2-week redemption period there is the possibility that potential attacks on social media attempting to put would-be investors off, will mean that no project can consider its fund raise safe until the 2-week period has ended. MiCA provides a loophole for the 2-week redemption period if a company is able to get its token listed on an exchange. However, this can have the effect of giving a lot more power back to the exchanges, which might do creative deals with projects that will allow them to list quickly. The ugly Two odd exemptions from the MiCA specified categories are those of Bitcoin and Ethereum. Although they are covered by MiCA, they don’t fit into the EMT, ART, or utility categories, so they would likely have to fit into the catch-all ‘cryptocurrencies’ category. The problem arises that bitcoin has no ‘issuer’, so a whitepaper can’t be written by it. However, the 30 June agreement gets around this by obliging the exchanges that list it to write the whitepaper themselves. After writing the whitepaper they would then have to go through the same process for any project wishing to be accepted, and they would also assume the same liability and risks for everything written in the whitepaper, even though they did not create the crypto asset itself. According to the Dusk Network view, a ‘grandfather’ rule might be expected to be applied, whereby a whitepaper wouldn’t be required of existing exchanges, but would be needed by any new exchanges, and also existing exchanges if they added these tokens after the rules came into effect. Finally, an oversight by MiCA means that as the regulations come into effect and exchanges are required to obtain licences as CASPs, the current Anti-Money Laundering Directive 5 will still be in force, which requires fiat/crypto exchanges to have a licence for each EU state in which they operate. Therefore, for the first 18 months after MiCA comes into force, crypto exchanges will need both national and EU licences which effectively doubles the amount of work for them. The unknown Even though the EU has been working on MiCA for 2 years, several key elements remain unaddressed. For example, although the rules for EMTs and ARTs are fairly well described, it does not appear that the utility token category contains enough specifics. Issuers of utility tokens will still have to follow the same burdensome rules such as writing a whitepaper, but the possibility of additional rules for this category remains for the future. On the subject of sustainability and energy usage, nothing concrete has been laid down, but this still leaves token issuers with a requirement to report their sustainability details without knowing if they will break any rules. NFTs were not covered in the final draft of MiCA, and therefore it is not known if an amendment will be added or if entirely different regulations will cover them. GDPR was also not covered in the final draft, therefore this is likely to be added as an amendment in the future. The issue regarding the publication of public addresses and the related metadata is one that Dusk Network is seeking to solve. Algorithmic stablecoins is one further area that has not been comprehensively covered by MiCA. It does state that ‘algorithmic’ stablecoins are categorically not real stablecoins since they have no assets backing them. But because of this, it would appear that they would fit into the ‘cryptocurrencies’ category and would require a whitepaper, but not a licence. They would also be able to be handled by CASPs and listed on exchanges. This would mean that an entire sub-category of stablecoins would not be under the same restrictions as other stablecoins which would seem to be very unreasonable and a source of frustration for projects working in this arena. Final thoughts MiCA looks to be quite restrictive and limiting for issuers and providers, adding to their work burdens and also to their risks of operating, which is likely to impact on the decentralised and revolutionary potential of the technology. However, it could add the much needed regulatory clarity that will hopefully give the confidence to both innovators and consumers to enter and remain in the European crypto assets space. If successful, other jurisdictions around the world could copy parts of the MiCA regulations, and therefore it could have an impact that goes far beyond European borders. 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.
10 days agocryptodaily
Altcoins for 100x Gains: Stellar (XLM), Fantom (FTM), and (CRNO)
As the crypto bear market begins to form a bottom, it&rsquo;s time to look for those tokens that could provide 100x gains in the coming bull market. With over 10,000 projects to pick from, you could choose a few at random and call it a day. Or, you could just buy the top 10 and hope they do well. But neither approach is likely to deliver the mind-boggling gains that many of us dream about. Instead, you must do your due diligence and put your money in tokens with solid fundamentals and a disruptive goal. We have three of these tokens for you today: Stellar (XLM), Fantom (FTM), and (CRNO). >>Buy Chronoly Tokens<< Stellar (XLM) is doing incredible things across the world Stellar is one of the original crypto projects, around long before DeFi and NFTs became the hot new trend in the crypto space. Stellar wants to help bank the unbanked and reduce the extortionate fees that hardworking individuals must pay when sending money back home. Stellar is one of the leading rivals of Ripple, except it's completely decentralized, unlike Ripple, which is run by a for-profit company. Recently, Stellar has formed partnerships with some of the world&rsquo;s leading payment processors, like Stripe, Moneygram, and Flutterwave. If it stays on its current trajectory, it&rsquo;s likely that XLM will rocket in the coming years and could easily deliver 100x gains. Fantom (FTM) is one of the cheapest smart contract platforms Fantom (FTM) is one of the leading Ethereum competitors on the market today, implementing innovative technology that has become increasingly popular due to its superiority to Ethereum. Fantom is used by developers to build decentralized apps (dApps) and decentralized finance (DeFi) projects and has seen numbers of both rise tremendously in its ecosystem. The reason many developers and crypto investors favor Fantom is its fast transaction speeds and low costs. Because of its unique consensus mechanism, Fantom processes transactions within seconds and costs fractions of a cent to transact. Don&rsquo;t be surprised if Fantom becomes the leading smart contract platform in the near future. (CRNO) is an incredible disruptor The project with the biggest potential on this list is (CRNO). (CRNO) is an Ethereum-based marketplace for buying and selling fractional shares in luxury watch NFTs. The team behind (CRNO) is shaking up luxury watch investing for good, similar to what Masterworks has done with fine art, and they&rsquo;ve got big plans. They&rsquo;ve minted several NFTs that can be broken down into micro-shares worth as little as $10, meaning that practically anyone can get involved in luxury watch investing. These NFTs are backed by the real thing, which (CRNO) hold secure in one of their bank vaults across the globe. With brands like Rolex, Cartier, Richard Mille, and Patek Phillipe already on the roster, it&rsquo;s no surprise that (CRNO) has already sold nearly 250m CRNO tokens in presale. Crypto whales have realized the potential that (CRNO) has, which has led to a significant appreciation of 690% in CRNO&rsquo;s price from May. Currently, (CRNO) trades for $0.079. Given the many price predictions for $1.00 by the end of presale this month, it seems likely that CRNO could be worth $7.90 by the end of the year - a 100x return within a few months. For more information about Pre-sale Website: Telegram: Presale: Twitter: Disclaimer: This is a sponsored pressrelease andis 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.
10 days agocoindesk
Best Universities for Blockchain 2022: New York University
With blockchain courses from its engineering, business, law and arts schools and dynamic programs such as the Entrepreneurial Institute, this sprawling university in the heart of the most populous city in the U.S. rises to the No. 18 spot. This story is part of CoinDesk's Education Week.
11 days agocryptodaily
Space MMOs venture into the world of NFTs
Ever since Johannes Kepler and Jules Verne invented the space genre it has kept expanding the frontiers of our imaginations. In recent decades it has expanded into computer games, MMO games, and now into the world of NFTs and the metaverse. Players can create their own characters and stories, leading rebellions against whole worlds or fighting aliens on the fringes of the galaxy. But not all that shimmers is dilithium. Some NFT games promise a new frontier but so far have delivered little more than stardust. "The real challenge and the real opportunity is keeping our focus on gameplay &hellip; , when we start to forget about making great games and start thinking about games as a vehicle or an opportunity for something else, that's when we stray a little bit further from the path", Sid Meier, founder of the Civilization game franchise. Space Economics Space MMO games like Eve Online, Elite Dangerous, and the sprawling Star Citizen have created vast open galactic systems in virtual space. Players can fly and customize spacecraft, band together to fight wars, search for alien artifacts, and explore deep space. Most of these MMOs have game economies but with varying levels of detail. Most allow you to buy and sell spacecraft. Others like Star Wars: The Old Republic and Eve Online allow you to buy buildings and even planets. In 2010, an asteroid cum nightclub in the Entropia Universe was sold for $635,000! In Prosperous Universe you can even build an interplanetary supply chain and sell manufactured products on its Commodity Exchange. NFTs in space NFTs promise to take game economies to the next level by removing several of the problems with in-game currencies and trading. NFTs provide proof of ownership of in-game items. There have been several reported cases of theft of valuable items within games and there must be many more unreported cases. NFTs help prevent theft by showing an undisputable chain of ownership that anyone can look up on the blockchain. Further, an NFT item cannot be traded or taken unless the owner agrees to it on the blockchain. Combined with digital currencies (game specific or general crypto currencies like Bitcoin), NFTs also make trading items much easier. Sellers don&rsquo;t have to rely on finding buyers in-game, they can sell the item outside the game. In the future, it may be possible to transfer NFT items between games, which creates a bigger market and increased liquidity for items. NFT trades also remove the problem of fraudulent transactions, where the seller transfers an item but the buyer does not send payment or vice-versa. Blockchains transactions which involve NFTs and crypto currencies enable an instantaneous exchange of the coin and NFT. This can even occur between wallets on different blockchains - an atomic swap. NFTs with smart contracts also allow for exciting new forms of transactions for games. Smart contracts allow contract terms to be automated in the blockchain so that enforcement is guaranteed. Items can be sold with a residual percentage share so that the original seller or creator benefits from future sales. There is also the potential for contracts for paid services within a game. If a term is codable it can be enforced. Early movers Early NFT movers in the space-themed MMO genre include CSC, Infinite Fleet, and Star Atlas. CSC (Crypto Space Commander) was founded in 2015 by LA gaming studio Lucid Light. Early access was launched on Steam in 2019. However, in June 2021 Hong Kong's Animoca Brands were brought in to revitalize the game because of a stagnant user base, a lack of recent development, and criticisms of a weighting towards pay-to-win. CSC allows players to fight, mine, and craft unique items. Ships are fully customizable NFTs that players can trade. Crafted items are also NFTs. Players earn royalties anytime a crafted item is sold. Players can also improve their crafting skills within the game. CSC also allows smart contracts between players. Players earn GRP tokens from successful missions, selling items, and mining planets. CSC uses the Ethereum blockchain. Infinite Fleet is a game of interstellar fleet combat that pays homage to 1980s anime such as Space Battleship Yamato. Players are a commander for the United Sol Federation fighting against the Atrox alien threat. Players start with a single ship but can build a whole fleet. Missions can even be run when players are AFK (Away From Keyboard). Infinite Fleet is the brainchild of gaming and crypto veteran Samson Mow who founded Pixelmatic in 2011. Mow cut his teeth at Relic Entertainment helping to develop titles like Company of Heroes and later Might & Magic when he joined Ubisoft. Infinite Fleet is produced by a small but hardcore team at Pixelmatic who are punching above their weight. The game went into Alpha release in March 2021 and entered Beta release on 28 July 2022. New updates seem to be popping regularly and the team are committing to a major release every two months. It&rsquo;s worth noting that Infinite Fleet is one of the few games that&rsquo;s delivering on promises and exists in an actual playable state. Players will earn INF crypto tokens from playing the game and participating in events. The tokens use the layer-2 solution Liquid on the Bitcoin blockchain and can be traded outside the game. However, the game can be played with no need for players to interact with the game&rsquo;s cryptocurrencies - it is totally at their behest. &ldquo;People should only buy these things if they plan to use them in the game itself,&rdquo; Samson Mow. In addition to Mow&rsquo;s gaming chops, Infinite Fleet is also being backed by Tether, crypto industry&rsquo;s heavyweights. In 2020, Infinite Fleet also raised funds for the project by issuing a Security Token Offering - a token based security. Star Atlas is set in a futuristic universe where three factions vie for territory through space combat. Players can choose to join one of the three factions: one human and two alien. Star Atlas released its first ship JPEG NFTs in September 2021 and its game trailer in October 2021. The trailer was made by Hydra Studios. It has been reported that the graphics in the actual game will use the Unreal 5 engine. A limited mini game &ldquo;SCORE&rdquo; is currently available in which players can click a button to send their JPEG NFTs on missions and receive rewards. A DAO (Decentralized Autonomous Organization) and accompanying POLIS tokens were released in July 2022 to allow players to vote on certain governance issues for the universe. A &ldquo;Galactic Marketplace&rdquo; has recently been released and allows for trading of the game&rsquo;s NFTs. According to Star Atlas&rsquo;s website, the game&rsquo;s crypto currency ATLAS will be play-to-earn. &ldquo;I see the value proposition here because we truly understand what that value proposition is to the player&rdquo;. Michael Wagner, CEO of ATMTA (lead developer of Star Atlas). Lead developers ATMA have a large team of over 200 employees and outsourcers and are backed by crypto exchange FTX and billionaire Sam Bankman-Fried. The NFTs use the Solana blockchain and decentralized finance (DeFi) features are provided through Serum. Early investors are excited to see the eventual release of the promising game. Final Thoughts Fans of the space combat genre are certainly spoiled for choice. With the release of new blockchain games they will have the freedom to trade and govern their favorite universes. Like any new enterprise, some games are more advanced than others, and it remains to be seen which titles can gather a critical mass. 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.
13 days agocryptopotato
SupraOracles Releases Roadmap to Mainnet While Starting 550 Signed Web 3 Project Integrations
[PRESS RELEASE – Zug, Switzerland, 22nd September 2022] Unveiling multiple technological breakthroughs, SupraOracles is excited to announce its novel cross-chain oracle infrastructure enabling highly accurate, robust data porting across a multitude of blockchains and DLTs with only 3-5 second finality. Now, with over 550+ signed integration partners, they’re officially announcing the launch of their Alpha […]
15 days agocointelegraph
Are noncustodial crypto wallets a practical option for the everyday hodler?
Noncustodial wallets are more secure than custodial wallets, but it may take time for everyday, non-technical users to get used to them.
16 days agocoindesk
La firma MicroStrategy compra 301 bitcoins y ya suma aproximadamente 130.000
La empresa de software adquirió las monedas adicionales a un precio promedio de US$19.851.
17 days agocointelegraph
Waves founder: DAOs will never work without fixing governance
Decentralized autonomous organizations have too many attack vectors that affect important projects. That needs to change for them to become practical governance models.
19 days agocointelegraph
Wallets like MetaMask need to become more user-friendly
Most wallets feel like they were created for developers. That’s becoming a bigger problem in terms of both practicality and security as crypto adoption increases.
22 days agocoindesk
Ordered Chaos: Why the CoinDesk Market Index Matters for the New Economy
The CMI brings a clarity of vision that was previously lacking from the sprawling, opaque, poorly categorized crypto economy.
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El Salvador lanza dos ofertas de recompra de deuda en medio de la incertidumbre sobre su bono bitcoin
Las propuestas fueron consideradas un intento de contrarrestar las especulaciones sobre un potencial default por parte del país centroamericano.

About ProChain

The live price of ProChain (PRA) today is ? USD, and with the current circulating supply of ProChain at 50,000,000 PRA, its market capitalization stands at ? USD. In the last 24 hours PRA price has moved -0.059111 USD or -0.86% while 8.58184 USD worth of PRA has been traded on various exchanges. The current valuation of PRA puts it at #721 in cryptocurrency rankings based on market capitalization.

Learn more about the ProChain blockchain network and how it works or follow the price of its native cryptocurrency PRA and the broader market with our unique COIN360 cryptocurrency heatmap.

ProChain Price? USD
Market Rank#721
Market Cap? USD
24h Volume? USD
Circulating Supply50,000,000 PRA
Max SupplyNo Data
Yesterday's Market Cap463,382 USD
Yesterday's Open / Close0.068379 USD / 0.009268 USD
Yesterday's High / Low0.079891 USD / 0.008723 USD
Yesterday's Change
-0.86% ( 0.059111 USD )
Yesterday's Volume8.58184 USD
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