RSK Infrastructure Framework(RIF)

1inch Network co-founder Sergej Kunz highlighted that mass adoption means people understand “the noncustodial way.“

With banks on the edge of meltdown and Bitcoin about to embark on its bull market, has Gensler been told to bring Coinbase down, and with it a large proportion of retail investors who are buying crypto? A broken system The banking system is broken, and perhaps it has got to the point of no return, even given the massive sums of currency that central banks have used to try and prop the system up. With the Federal Reserve saying that it will make all depositors whole in the U.S. should any more banks go down, the fractures have been papered over for now. The public is now aware What is obvious to the U.S. government though is that the public has been shocked at the weakness of the banking system, and has been made painfully aware of the apparent ease with which large banks can fall in only a matter of days. It must also be aware that crypto has lost its largest 3 fiat on/off ramps in the form of Silvergate Bank, Silicon Valley Bank, and Signature Bank, in just a few days, yet the crypto bull market appears to be starting regardless. As banks fail, interest in crypto grows For government and central banks the situation has become untenable. It knows that despite all efforts to keep banks afloat, more could potentially fail over the coming months as the Federal Reserve continues to keep interest rates high. Institutions have been kept away from investing in Bitcoin in the main, given the extremely tight regulatory environment, but the general public is definitely still interested in crypto, and should crypto assets keep rising, the interest might become a flood. Damping down ardour for crypto Therefore, throwing a huge cloud of negativity and uncertainty over Coinbase could bring about a cooling of the public’s crypto investing ardour. The serving of a Wells Notice on Coinbase by the Securities and Exchange Commission (SEC) is the first step in a potential enforcement action. It doesn’t always result in an action but just serving it had the effect of toppling the Coinbase share price around 17% since yesterday’s close. Coinbase CEO Brian Armstrong said of the notice by the SEC that it was like a game of “pickleball” (the fastest growing new sport in the U.S.) whereby referees were from both football and soccer, and “one of them suddenly decides to change a call they made back in April 2021” (no doubt referring to the SEC’s approval of Coinbase going public). Coinbase published a blog on Wednesday, in which it laid out its complaints against the SEC. In it, Coinbase quoted Federal Bankruptcy Judge Michael Wiles on the ongoing Voyager case. He said: “Regulators themselves cannot seem to agree as to whether cryptocurrencies are commodities that may be subject to regulation by the CFTC, or whether they are securities […] subject to securities laws, or neither, or even on what criteria should be applied in making the decision. This uncertainty has persisted despite the fact that cryptocurrency exchanges have been around for a number of years.” The stakes are incredibly high Coinbase is potentially a very large pawn in an incredibly important chess game, with the future of finance as the prize. On the one side is the government, petrified over losing full control of ‘money’, along with the legacy banks, terrified of falling into obsolescence. On the other side is a dynamic and innovative industry which is gaining ground despite government and bank control of the mainstream media. Crypto has much to offer the financial system, and the financial system can certainly repurpose itself and gain from what crypto has to offer. Enforcing control has never worked throughout history, and has only ever served to slow the demise of the enforcer. In a changing world where many more countries are scrambling to join the BRICS nations and trade in currencies that are backed by tangible commodities, the U.S. must reinvent itself in order to survive. Crypto could be that path. 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.

As people flee the banking system into Bitcoin, even the U.S. President is attempting to besmirch the world’s most popular cryptocurrency. In the recently released annual Economic Report of the President, Bitcoin was given some rough treatment. It was mentioned no less than 75 times in the report, and was compared extremely unfavourably with the U.S. government’s choice of a central bank digital currency (CBDC). What does crypto do? The report did include a section on how Bitcoin works and stated that Bitcoin came about as “something of a repudiation of the existing financial intermediaries that caused the crisis” (Great financial crisis). Then follows what is perceived by the report to be “claims” on what Bitcoin can do. This is set down as: Crypto Assets Could Be Investment Vehicles Cryptocurrencies Could Offer Money-like Functions without Relying on a Single Authority Crypto Assets Could Enable Fast Digital Payments Crypto Assets Could Increase Financial Inclusion Crypto Assets Could Improve the United States’ Current Financial Technology Infrastructure The reality of crypto Next is what the report calls The Reality Of Crypto Assets”. Here it attempts to debunk the earlier “claims” of cryptocurrencies. It starts by stating that “crypto assets are mostly speculative investment vehicles”, calling them “volatile” and therefore “highly risky”. The report authors call into question cryptocurrency as “money”, and declare that cryptocurrencies “generally do not perform all the functions of money as effectively as sovereign money” (e.g. US dollar). “Run risk” Stablecoins are also maligned in that they are said to be “subject to run risk”. This does seem a little rich considering the current environment of impending bank runs, which has only been averted for the time being due to the sheer amount of currency that has been thrown at the problem by the Federal Reserve and other central banks. No mention either of how the general public will pick up the tab through severe dilution of fiat currencies that rob people of purchasing power. Fraud, Blockchain, and CBDCs Next is the assertion that “crypto assets can be harmful to consumers and investors”, stating that many of the participants in the crypto sector do not comply with existing laws and regulations. Crypto “fraudsters” are singled out, such as BitConnect and FTX, and explanations are given as to how their frauds were carried out. A section on how Distributed Ledger Technology (DLT) and Blockchain are just glorified databases comes next, and then all the “other risks” of digital assets that the report’s authors could think of. The report then gets on to eulogising on how a central bank digital currency (CBDC) can “realise the benefits that crypto asset developers have promised”. Fully fledged attack on crypto The publishing of such a report leaves no one in any doubt as to the Biden Administration’s stance on Bitcoin and cryptocurrencies. Operation Choke Point is very real, and it would appear that the government will go to any lengths in order to cut crypto off from the banking system and drive people out of cryptocurrencies. Perhaps what is being said here might fall on deaf ears, given that the vast majority of the population will very likely not read the report, but given some of the technical explanations it is probably aimed at the upper end of the population. It must have been more than slightly problematic to have released this report on the back of bank failures and the biggest currency printing spree since Covid, but with a banking meltdown potentially on the cards within the year, no time better than the present. 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.

SinMichael Wanggapore, Singapore, 22nd March, 2023, ChainwireHuobi, the virtual asset trading platform, has announced the launch of the Dominica Metaverse Bound Token (DMBT). The launch of DMBT is part of the rollout of the Dominica Metaverse Digital Citizen (DMDC), which was authorized by the government of Dominica in collaboration with TRON and DMC Labs.DMBT serves as an on-chain identity for users who have completed their Level-3 KYC verification on Huobi. It serves as a credential for verified DMDC members and is a type of soulbound token (SBT) that is unique, non-transferable, and revocable.After successfully completing the Huobi KYC process, users can obtain their Dominica Metaverse Digital Identity (DDID) and become a DMDC. DDID holders are eligible for a physical Dominica Metaverse Identification Card (DMIC). The potential benefits of DMDC membership may cover a variety of on-chain and off-chain use cases utilizing the DDID, including the facilitation of online KYC processes across international crypto trading or financial service platforms subject to local regulations, and collaboration with various membership programs shared by real-life consumer businesses globally.Furthermore, users can mint DMBT on the TRON blockchain with their DDID, which can be viewed on any wallet that supports TRON NFT protocols.H.E. Justin Sun, Founder of TRON and Global Advisor to Huobi, commented, "DDID will serve as the building block for Web 3 and a bridge connecting the real and virtual worlds. Essentially, the on-chain digital identity system lays the foundation for a future metaverse world that is truly capable of servicing the global population across physical boundaries and national borders in mankind's pursuit toward inclusive digital freedom."About HuobiFounded in 2013, Huobi has evolved from a crypto exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, wallets, research, investments, incubation and other areas. Huobi serves millions of users across international markets. Please refer to Huobi's official website for more information: www.huobi.comContactMichael [email protected]

Against the backdrop of intense regulatory scrutiny around crypto firms staking activities, Coinbase petitioned the SEC to exclude staking from the agency’s definition of securities. Crypto exchange Coinbase has acted against the regulator’s laser focus on crypto staking. The company published a petition to the United States Securities and Exchange Commission (SEC) explaining why staking cannot be labelled as securities. Coinbase published the “Petition for Rulemaking” on March 20, which deals with how U.S. securities laws treat services related to validating data on proof-of-stake blockchain protocols. Coinbase issued the petition in response to the SEC’s controversial measures against crypto exchange Kraken and its staking program. The SEC argued that Kraken’s staking program was an unlawful offer and sale of securities. The agency said that as Kraken’s program was an unregistered offering, “investors did not have adequate information about the company’s financial condition, fees charged, and investment risks.” The SEC’s chair, Gary Gensler, said he believed that staking through an intermediary, such as Kraken, potentially meets the requirements for the Howey Test – the benchmark to determine whether something can be defined as a security under U.S. laws. The SEC and Kraken reached an agreement on the matter in which Kraken agreed to pay $30 million in penalties and shutter its staking program. Coinbase’s main argument is that staking cannot be seen as a monolithic concept and that while some staking programs subscribe to the definition of investment contract offerings, others do not. The company reasoned that the core staking services do not meet the requirements of the Howey Test. The exchange urged the SEC to provide a viable registration process for staking programs that fall under the definition of investment contracts and clarify its position and views on staking. Coinbase underscored the importance of establishing the correct regulatory treatment for staking services. The exchange said that inappropriately applying securities law to transaction validation processes could curtail financial innovations and hamper millions of people who own crypto assets. 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.

Istanbul, Turkey, 21st March, 2023, ChainwireMetatime has announced that it has raised a total of $11 million in investment through two seed sales held to develop the Web 3.0 ecosystem. The funds raised in the two seed sale rounds held before the initial public offering will support Metatime's goal of expanding its Web 3.0 product range.Under the umbrella of Yıldız Tekno GSYO A.Ş., leading investors including Halkbank, Kalyon Holding, Yıldız Technical University, and Türk Telekom provided a total of $11 million in funding to Metatime. Also, more than 10 angel investors participated in the two-stage seed sale. The locks of 10% of the MetaCoins (MTC) sold in the two-stage seed sale will be opened after the final public offering, which will end on November 11, 2023. The remaining 90% will be linearly released for use starting from the main launch date of November 11, 2023, for a period of 225 days.The demand collection process, which started on March 3 and will continue until March 23, is ongoing. With high demand for the first private sale of MTC, investors are vying to own MetaCoin at a fixed price of USD 0.07. Metatime has released all the details of the private sale ahead of the demand collection that will end on March 23.Metatime Co-Founder and CEO Yusuf Sevim said, "We are grateful to all the seed investors who supported us. Their investments will help us break new ground in blockchain technology and expand the ecosystem. We started our investment process with the first demand collection on March 3, and we are very pleased with the interest the campaign has received. We expect this process to help us achieve our goal of creating the world's most comprehensive Web 3.0 ecosystem."Yıldız Tekno GSYO A.Ş., which participated in the private sale, said, "We are proud to support Metatime's goals of introducing blockchain technology to people of all ages, and we wish the team success."Metatime's first products under development include a cryptocurrency exchange and a blockchain network, which will be the foundation of the Web 3.0 ecosystem. Other products currently being developed include MetaNFT Marketplace, MetaLaunchpad, MetaExplorer, MetaWallet, MetaCoin, and MetaStablecoin.With MetaChain supported by the Proof of Meta consensus mechanism, Web 3.0 users can participate in network verification and MTC mining. MetaExchange, built on the Metatime ecosystem, is a platform designed for users of all levels. With Lite, Pro, and Meta versions, MetaExchange will set a precedent by not assessing commissions for trades that closed at loss. Additionally, a copy trading feature allows novices to profit from emulating the experts.As the first centralized cryptocurrency exchange to offer a completely transparent order book, MetaExchange will prove that all transactions are executed correctly and that there is no attempt at market manipulation.###About MetatimeMetatime is a complete blockchain ecosystem for giving individuals entry to web3 in all its forms. From NFTs to trading and gaming to saving, Metatime incorporates a range of powerful products that will give network users full control over their finances, identity, and assets. The MTC token plays a pivotal role in realizing these goals, rewarding MetaChain validators and creating a circular economy in which everyone prospers.Website | Twitter | Instagram | Linkedin | DiscordContactCo-Founder & CEOYusuf [email protected]

Signature Bank is again in the news a week after the New York State Department of Financial Services (NYDFS) shut down the bank in order to prevent a domino effect from Silicon Valley Bank's implosion last March 9. The NYDFS initially shut down the bank as part of a preventive measure in order to protect depositors and ensure that customers get their deposits back. The next step was the United States Federal Deposit Insurance Corporation (FDIC) announcement yesterday March 19 that Signature Bank's deposits and loans will be taken over by Michigan-based Flagstar Bank. The agreement will see $38.4 billion worth of deposits and $12.9 billion in loans taken over by Flagstar. This seems to be part of a bigger plan to combat the banking crisis that seems to be looming over the United States and prevent its further escalation. It might be recalled that a recent economic analysis on the Silicon Valley Bank (SVB) collapse said that as much as 186 banks in the US are at risk of insolvency. The Federal Reserve then announced a swap line network with the central banks of Japan, England, Canada, Switzerland, as well as the European Central Bank. How this all might unfold is still up for speculation. SVB's collapse caused a ripple effect in the crypto industry, while in the traditional financial sector, this effect was most notable in Switzerland, with the impact felt on Credit Suisse. As for whether cryptocurrency deposits will be affected, the FDIC has clarified that the deal does not include Signature's digital asset deposits. Previously, the agency has also stated that the decision for Signature's closure was not in any way related to cryptocurrency. But it should be noted that Signature, as well as SVB and Silvergate were among the top banks providing services to the crypto sector. Whatever the FDIC's motives are for Signature's closure and whether it will eventually include crypto deposits or not, the whole debacle just might point to a more optimistic view of cryptocurrency as an alternative to the traditional banking system, helmed as it is by the United States. The relationship between banking regulation and crypto firms has been a subject of contention for some time now. Fiduciary policies have often been at odds with the decentralization and freedom that cryptocurrencies promise. While many crypto firms have sought to distance themselves from traditional banks, others have increasingly embraced banking services, leading to accusations of a "sellout" within the crypto community. Historically, there has been an antagonistic relationship between crypto and banks, dating back to the inception of Bitcoin. Satoshi Nakamoto, the pseudonymous creator of Bitcoin, inscribed a message on the genesis block, referencing the UK Chancellor's bailout for banks: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks." This message itself underscores the distrust of centralized financial institutions and the need for a decentralized alternative. As more crypto firms partner with banks or even become part of the banking system themselves, there is a growing concern that the original vision of cryptocurrencies is being compromised. By aligning with banks, these firms risk undermining the very principles that made cryptocurrencies attractive in the first place: decentralization, financial autonomy, and resistance to censorship. On the other hand, proponents of these partnerships argue that the integration of crypto services into the traditional financial sector is necessary for mass adoption and mainstream acceptance. They maintain that a balance can be struck between the regulatory demands of banking authorities and the unique features of cryptocurrencies.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. Opinions stated herein are solely of the author's, and hence do not represent or reflect CryptoDaily's position on the matter. The author has no stakes in any of the digital assets and securities mentioned, and does not have any significant hold of own any cryptocurrency or token discussed.

After resolving the issue internally, the forked variant of its analytics platform now redirects to the official website.

This week, the Euler Finance protocol was hacked, resulting in the loss of millions of dollars of crypto. The attacker turned down the protocol’s offer of retaining 10% and has started mixing the funds to obfuscate them. Keep reading to find out more. Bitcoin Bitcoin has pushed through the $25,000 major resistance level. However, the charts suggest it could be at or near its top for now. Ethereum Ethereum developers have completed the final round of testing for the network prior to the Shapella upgrade. DeFi The Euler Finance protocol was hacked, with millions of dollars of $DAI, $USDC, $StETH, and $WBTC stolen in a flash loan attack. The hacker who exploited the Euler Finance protocol has turned down the platform’s offer of retaining 10% by mixing 1000 ETH in Tornado Cash. The world’s largest decentralized exchange Uniswap has officially launched its services on the EVM-compatible smart contract blockchain, BNB Chain. Altcoins The Arbitrum Foundation announced that it would be airdropping its new token ARB to the community on the 23rd of March. Technology Microsoft is reportedly testing the integration of a Web3 wallet into its Edge browser, according to software documenter and info leaker Albacore. The Worldcoin project has announced the launch of World ID, a digital identity solution based on zero-knowledge proofs. The European Union published a document, specifically The Common Union Toolbox for a Coordinated Approach Towards a European Digital Identity Framework: The European Digital Identity Wallet Architecture and Reference Framework, or ARF. According to a Bloomberg report, Coinbase is exploring the option of setting up a crypto trading platform outside the U.S. as part of an aggressive expansion campaign. The issuer of the USDC stablecoin, Circle, has stated that it has cleared “substantially all” of the redemption and minting requests for USDC. Innovation-focused fund manager Ark Invest has raised over $16 million for a new crypto fund that will be divided between the company’s domestic version and its Cayman Islands version. According to an announcement by the Federal Reserve, New York-based Signature Bank, which had several clients in the cryptocurrency space, was shut down by state regulators. According to the NYDFS, the shutdown of the Signature Bank is not related to its cryptocurrency dealings. Banking system instability caused widespread panic over the last few days while crypto networks continued operating without missing a beat. The Industry Recovery Initiative launched by Binance after the FTX collapse will now be converted from BUSD to BTC, ETH, and BNB. Circle has stated that it held an undisclosed portion of its $9.8 billion cash reserves at the failed Silicon Valley Bank as of 17th January 2023. Regulation Hong Kong is making significant strides towards becoming a global crypto hub, with the latest developments indicating that the city is positioning itself as an attractive destination for crypto-related businesses. A class action lawsuit is claiming that prominent finance YouTubers who promoted the FTX exchange on their channels should be held accountable. Congressman Tom Emmer sent a letter to the FDIC Chairman asking for clarification that the FDIC has instructed banks not to provide banking services to crypto clients. Former Monero lead maintainer Riccardo Spagni, who was extradited from the U.S. to South Africa in July last year, was served with a denial for his appeal to declare his extradition as unlawful. The European Parliament has voted in favor of proposed legislation that will challenge the immutability of smart contracts. The FBI is the latest agency to commence an investigative probe against Terraform Labs and its disgraced founder and CEO, Do Kwon. Labeled the third-biggest ‘bank failure’ in history, the Signature bank was actually solvent when taken over by regulators on Sunday. Did regulators seize their chance to cut off crypto banking? NFT According to a recent announcement, Meta has reached the end of the road for its NFT projects on Facebook and Instagram. Security NFT marketplace OpenSea recently addressed a vulnerability in their code that could be exploited to leak user data. The Hedera network has stopped all access to its wallet and app as it investigates technical irregularities, which could be due to a possible exploit in its smart contracts. 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.

Binance assured its users that this change will not impact them in any way, and that their funds will continue to be held in publicly verifiable addresses.

The Arbitrum Discord channel is rife with activity with thousands of messages since the announcement today

Congressman Tom Emmer sent a letter to the FDIC Chairman asking for clarification that the FDIC has instructed banks to not provide banking services to crypto clients. As the banking crisis rages on, it is looking suspiciously like the Biden administration is doing its utmost to choke off banking services to crypto companies, and by so doing, drive them offshore to regulatory jurisdictions where consumers may have much less protection. Get people away from crypto Congressman Tom Emmer wrote a letter yesterday to FDIC Chairman Martin Gruenberg, accusing federal financial regulators of “weaponizing recent instability in the banking sector” in order to “get people away from crypto”. With this last phrase he was quoting former Congressman, Barney Frank, co-author of the Dodd-Frank act. Today, I sent a letter to FDIC Chairman Gruenberg regarding reports that the FDIC is weaponizing recent instability in the banking sector to purge legal crypto activity from the U.S.

The Worldcoin project, a crypto platform created by Sam Altman (co-founder of OpenAI), has announced the launch of World ID, a digital identity solution based on zero-knowledge proofs. The announcement also opens the project's clients to a waitlist for the software development kit (SDK) which will be made available to select developers. This marks the firm's initial venture and further commitment to providing privacy-first digital identity verification on the internet. According to Worldcoin, the solution will also be supporting use-cases for user anonymity, aside from being designed as a privacy-first implementation. Documentation for the project is already publicly available for review. Introducing World ID, a new privacy-first digital identity that brings global proof of personhood to the internet.Find out more and sign up for the SDK ⬇️https://t.co/jD7ztwbeGY — Worldcoin (@worldcoin) March 14, 2023 Altman, who worked on Worldcoin alongside his other high-profile tech projects, is also well-known for his role as the former president of the startup incubator Y Combinator and as the co-founder and current CEO of OpenAI, an artificial intelligence research laboratory. Altman co-founded OpenAI alongside Elon Musk, Ilya Sutskever, Greg Brockman, and Mira Murati. The project describes World ID as a sort of "global digital passport" which users may then store on their mobile device's local memory. On the outset, this means that users are provided with a way of proving their "humanness" and unique identity without the requirement of identifiable (and hence: unsecure) information such as phone numbers and addresses. These are all used for tracking in websites we often use, stored as cookies into a server's database. This implementation is similar to the introduction of ZK identity which Polygon unveiled last week. Given the launch, World ID will be introduced as a new standard for zero-knowledge identity across the web. The firm has also initiated a waitlist for its World ID SDK, which will enable developers to integarate the identity verification system into their applications to screen out bots. "Artificial intelligence is presenting new opportunities across all industries and World ID aims to bring global proof of personhood to the internet," shares Worldcoin. The firm also went on to highlight the statistical conditions for creating such a solution (and perhaps more importantly, why it is necessary at a time such as ours): more than 50% of the global population lacks access to verifiable identification with a legal basis. Worldcoin's World ID initiative seeks to address this, and this writer feels that it's a great fit, especially given the advent of Web3, because it is a solution that moves forward from a decentralized approach.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.

The functionality of payment services is rapidly expanding in the cryptocurrency market, allowing cryptocurrency to enter real life. However, seamless payments between the crypto world and the fiat world are only coming into use. Hawex is a fintech company that has developed a payment ecosystem for businesses and individuals. Hawex uses several basic tools to create convenient conditions for its customers' transactions — this is the PSP (Payment Service Provider) offer, cryptoprocessing and a financial mobile application. Hawex Mobile is a tool directly for individuals to simplify their interaction with cryptocurrency. Hawex Mobile, PSP, cryptoprocessing - three pillars in the cryptocurrency world Hawex Mobile is a financial mobile application for Android and iOS that connects the fiat and cryptocurrency worlds. It gives the user the opportunity to manage their finances without restrictions and additional conversions. For example, a person has funds in cryptocurrency, but cannot use it to pay for goods and services in the real world. Hawex Mobile is aimed at solving the problem of interacting with a large number of market participants. The client will be provided with a tool in the form of a crypto card, with which they will be able to pay for goods and services with a cryptocurrency attached to this card. Thus, Hawex Mobile provides its users with a seamless connection between cryptocurrency and fiat. This is a topical solution, since in a number of European jurisdictions it is allowed to use cryptocurrency as an official means of payment. Accordingly, many companies want to pay their employees in cryptocurrency. But they are limited by the lack of infrastructure for the legal conduct of such settlements with individuals. Moreover, for an individual, the world of cryptocurrency looks complicated. A person needs time and effort to understand networks, tokens, market volatility, etc. The user-friendly interface of the Hawex mobile application gives its user the opportunity to solve their daily tasks in a few clicks, and pay for goods and services. In addition to providing a simple entry point into the cryptocurrency world for the B2C segment, Hawex Mobile provides its customers with access to classic banking services. This allows you to open iban accounts, get virtual cards and link them to Apple Pay and Google Pay. Hawex’s mission is to create and maintain an ecosystem where territorial boundaries will not matter. The geographical scaling of the Hawex Mobile is planned in three stages. At the first stage, the custodial and Web3 wallets will be available to the whole world, with the exception of the USA, the UK, Russia, Belarus, European countries and countries from the FATF blacklist. This will be followed by expanding the geography and providing the opportunity to use the crypto card in Europe. In the third release, the crypto card will be able to enter the market in the Persian Gulf. The gradual expansion of geography will reveal the full potential of the product. Hawex Mobile – payment ecosystem Hawex's internet acquiring offers allow you to make debit and credit card payments online around the world. Through PSP, Hawex regulates the payment service for businesses, becoming an agent of financial institutions, and provides its customers with convenient functionality for data processing and payment routing. In other words, Hawex PSP is an integrator for partner banks and a navigator for the client in the cryptocurrency space. In addition to Internet acquiring, Hawex provides an opportunity for cryptoprocessing. This is a convenient payment method that can be combined with the others already available to the client. Hawex takes over the functions of a PSP, which gives more favorable conditions than using standard fiat technologies – cryptocurrency transactions are faster and cheaper. Online stores that use the Hawex cryptoprocessing functionality expand their products offer for customers of the cryptocurrency market and raise the level of sales. Furthermore, it becomes more convenient for customers to purchase their products. Acting as a payment service provider, Hawex also enables a legal entity to open an account for storing the company's cryptocurrency and use it to pay its employees, generate payroll forms and transfer money to the addresses of individuals’ wallets. Wallet addresses are generated directly in Hawex Mobile, and the recipient can carry out operations with tokens transferred to their account. Hawex: vector for security and environmental friendliness To reduce the risk of using the company's services for unreliable purposes, Hawex Mobile complies with several levels of restrictions when registering new users who want to take advantage of a custodial wallet. Firstly, when announcing the launch of a new product, Hawex always clarifies the geography available for use. Secondly, registration takes place inside the application via a phone number, which allows you to immediately validate geolocation data. Thus, countries where the company's services are not provided are not allowed to register. ​​Thirdly, there is a restriction on the display of the application in stores according to regional settings – Hawex Mobile is not shown to customers if the company's offer does not apply to their country of residence. Another stage of security compliance is the mandatory KYC procedure. Without passing identification and verification, the client will not be able to access the functionality of the custodial wallet in the Hawex ecosystem. Hawex Mobile is a fully digital product that does not use paper document management. Unfortunately, creating a completely eco-friendly product is impossible as long as people have a need for a plastic crypto card. However, Hawex has included 5€ in the cost of each card to help ecological funds that are engaged in cleaning the oceans from plastic pollution. The cryptocurrency market is an opportunity for humanity to take a step towards a more environmentally friendly relationship with the world. Financial turnover, reporting, mutual settlements, purchases and savings — all these processes will be able to function exclusively in the digital space when the cryptocurrency world becomes convenient and understandable to everyone. Thanks to its products, Hawex reduces the distance between the user and the cryptocurrency, making interaction with it as accessible as possible. A person can receive a salary with tokens, and pay for goods and services already in the form of fiat, without unnecessary actions. This option is the main unique offer in the Hawex ecosystem. Hawex helps the user to overcome the barrier between cryptocurrency and fiat and comfortably use the advantages of the cryptocurrency market in everyday life. 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.

The similarity in the short forms of the two banks — SVB and SVC Bank — caused a mixup among a few Indian citizens as they took up the concern with the Mumbai-based bank.

South Korea is throwing another $51 million at the metaverse, Mt. Gox saga is drawing to a close, Canaan BTC miner sales revenue plunges 60%.

[PRESS RELEASE – Hong Kong, Hong Kong, 9th March 2023] Self-sovereign identity service, SelfKey, has released a new whitepaper detailing KYC solutions with features enabled by artificial intelligence and Zero knowledge verifications. The AI based solution and the zk-based features, built using KYC-Chain technology, will be rolled out to vendors, allowing them to safely authenticate […]

Binance recently rebranded its custody arm, now called Ceffu, which launched in Singapore in November 2022.

Under the design for Polygon ID, a bar owner could theoretically use the credential-verification system to verify that a patron is of age, without ever having to look at any identification card.

Don’t tar all crypto with the FTX brush, the head of the Financial Market Authority told lawmakers.

Ripple’s price has remained dormant over the last couple of days, trading within the narrow range of $0.42 and $0.31 and struggling to break out. A slight decline towards the lower end of the range seems likely, given that the cryptocurrency was recently rejected at a crucial resistance level. Technical Analysis By Shayan The Daily […]

The Fed, FDIC, and OCC have created no new risk management principles for banks dealing with crypto companies.

[PRESS RELEASE – South Bend, Indiana, 23rd February 2023] SIMBA Chain, the builder of Blocks, an enterprise-grade platform that abstracts the complexities of blockchain development to make the innovative technology more accessible across multiple blockchains and services, today announces the integration of Alitheon, the provider of FeaturePrint®, the machine-vision-based solution for authentication and traceability of […]

The key is to get information from the bank account where the stablecoin’s reserves are kept to the blockchain-based smart contract that controls issuance of new TUSD.