Siacoin(SC)

According to the survey, 35% of Canadian crypto owners have been conned by crypto scammers.

Altman confirmed ongoing discussions with chipmaking companies like Samsung Electronics and expressed his willingness to further engage in the dialogue.

Crypto.com announced that it would shut down its institutional exchange services customers in the United States in less than two weeks. On Friday, Singapore-based crypto exchange Crypto.com announced that it would suspend its institutional exchange service for US customers. In a statement provided to media publication Blockworks, the exchange explained that demand is drying up due to the current market conditions in the US. Although it did not specifically reference the lawsuits against Binance and Coinbase, it was undoubtedly the overriding factor in the exchange’s decision. In a statement, Crypto.com said: We recently made a business decision to suspend the institutional offering of the Crypto.com Exchange in the U.S. as of 11:59 pm EDT June 21, 2023, due to “limited demand” from institutions in the U.S. in the “current market landscape.” Impacted institutional users were given advance notice to support a smooth transition. The exchange explained that the closure of the US services would not affect its retail trading app, including its crypto derivative product, UpDown Options, regulated by the Commodity Futures Trading Commission (CFTC). The company further said it could reopen the platform in the future but did not provide more details. Crypto.com Receives Major Payment Institution Licence in Singapore The exchange started the month out well after receiving a Major Payment Institution (MPI) license for Digital Payment Token (DPT) services from the Monetary Authority of Singapore (MAS). Securing this license means the exchange can offer DPT services to Singaporean customers. Crypto.com Arena Not Affected After the exchange announced shuttering its institutional services for US customers, speculation arose that it might affect the naming rights for Crypto.com Arena. The exchange entered into a naming rights agreement with AEG, the owner and operator of the arena formerly known as the Staples Center, in 2021, Forbes reports. 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 Act aims to enhance fiscal transparency, boost revenue and recognize cryptocurrencies as legitimate assets.

The group of scammers have recently taken over accounts belonging to the founder of Pudgy Penguins, the CTO of OpenAI and even crypto hater Peter Schiff.

The crypto market has reshaped the financial landscape globally at an astonishing pace. We can see this in the amounts of capital being staked in various blockchain networks, with billions of dollars fueling the evolution of the digital realm. Ethereum (ETH) hit a new milestone and drew the attention of many users by offering them […]

Elon Musk, the CEO of Twitter and Dogecoin (DOGE), is complicit in the rise to fame of the first meme coin cryptocurrency. Despite the crypto markets being hit by a renewed wave of meme coin speculation in recent weeks, more investors are dumping their Dogecoin (DOGE) bags to participate in other tokens like Uwerx, which have better use cases. Let’s find out why investors are taking this ruthless path to participate in the promising presale of Uwerx and recover their lost meme coin-laden portfolio. Dogecoin (Dogecoin): A Crypto Once Loved By All Initially developed as a joke by two software engineers, Dogecoin (DOGE) is the first ever meme coin created in 2013. Elon Musk, nicknamed the Doge Father, has been a vocal supporter of Dogecoin (DOGE) and continues to tweet about the meme coin until many investors caught onto the revelation, sending the token’s price jumping on many occasions. Dogecoin (DOGE) cryptocurrency is currently the ninth largest cryptocurrency in the world, having a market capitalization of over $10 billion but has fallen off the good graces of the entire crypto community. Currently having a trading volume of $169.945, 370, and trading at $0.0734, less than 90% of his all-time high price of $0.7316. In the recent wake of meme coin trading, even degen traders have shifted their attention off Dogecoin (DOGE) to focus more on new meme coins like Pepe (PEPE) and Floki Inu(FLOKI), which are currently making all the waves in the meme coin world. Because of this, experts predict the price of Dogecoin (DOGE) to reach a bare minimum of $0.095 in the last quarter of 2023. Uwerx (WERX): A Token Set To Ride The Wave And Establish Itself As The New Market Leader Uwerx has been in every investor’s mouth for completing their stage 1 and stage 2 presale in a record time of 17 days and 8 days, respectively. Uwerx platform is treading the least but most rewarding path of utility by offering freelancers a chance to enjoy the web3 community-first ambiance. With 5,000 registered users on the platform, they plan to expand and transform the trillion-dollar freelance economy with their hard-to-beat offerings to freelancers and clients. They are doing this by offering a wide range of benefits, like flagging a service fee of 1%, which is small compared to the 15% charged by popular freelance platforms like Upwork and Fiverr. Uwerkwill also provide more security and decentralization to the freelancers by allowing them to transact without needing a third party. Not only is Uwerx focused on creating the best freelance platform there is, but they also plan on rewarding early adopters with a test airdrop of the WERX token after the end of its presale rounds on the 31st of July. After three successful presales, the WERX token sells for $0.041 per token in its stage 5 presale. Uwerx contract has been certified by top auditing firms like SolidProof and InterFi Network, and its WERX token is currently listed on CoinSniper with pending listings on other platforms like Uniswap, CoinGecko, and CoinMarketCap. Uwerx (WERX) Is Set To Break Into the Bull Market In Style Liquidity locking for a set period, renouncing contract ownership, reducing taxes to zero, and incentivizing holders are all markers for cryptos that plan on staying for the long term. These qualities will inevitably benefit Uwerx from the hyper-liquidity that will be deployed during the bull market. Strategic positioning is one of the ways to make the most out of any crypto, starting at the presale phase. You can check out the Uwerx project and join in on the presale before the price goes parabolic with these links: Join the Uwerx presale today and take advantage of the 15% presale bonus: Presale: invest.uwerx.network Telegram: https://t.me/uwerx_network Twitter: https://twitter.com/uwerx_network Website: https://www.uwerx.network/ 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.

IC1101 is committed to providing a more immersive, fun, and autonomous experience than the current metaverse. IC1101, named after its astronomical designation, shines with infinite, mysterious light in the vast universe. As one of the largest known galaxies in the universe, IC1101 represents a huge, mysterious, and spectacular existence. It undoubtedly contains endless wonders and unknowns waiting for human exploration. IC1101 is a mysterious galaxy, a new metaverse project name, and a super immersive multi-dimensional universe platform dedicated to providing a more immersive, fun, and autonomous experience than the current metaverse. Participants will be able to explore the mysterious qualities of IC1101 and discover endless possibilities within it. Current metaverse projects often have limitations in terms of graphics, immersion, and participant decision-making power. IC1101 aims to solve these limitations and take the realism, participation, and activity of the metaverse world to a new level. So, can it stand out in fierce competition and become a dark horse? Let us embark on the journey of IC1101 together, explore this mysterious galaxy, and find the answers. When Adventure Meets Creativity In the world of the metaverse, a fascinating worldview is particularly important: it not only determines the style of the project and the immersion of the players, but also opens up more imagination space for storytelling. As a galaxy full of wonders and fantasies, IC1101 has a unique and captivating worldview, bringing unprecedented experiences to participants. The worldview of IC1101 is based on diversity and freedom. Eight major races converge in this galaxy, each with unique appearances and abilities. From appearance to cultural customs, from ideological concepts to social structures, the differences between races in IC1101 are rich and inclusive. In this galaxy, players will be able to explore the blending and mutual influence of diverse cultures, and feel the interaction and cooperation between different races. IC1101 also provides players with great freedom and creativity. Players can choose their own role identity, create unique appearance and personality traits, and participate in various exciting activities and scenarios, such as driving spaceships to explore unknown planets in the galaxy, discovering hidden cosmic secrets; They can also join teams, collaborate to solve complex puzzles and tasks, and experience the fruits of cooperation and unity. At the same time, players can also trade in the economic market of IC1101, buying and selling various precious resources and items, and developing their own wealth and power. Overall, IC1101 combines elements of science fiction, fantasy, and mystery. Players will find themselves in a colorful and mysterious interstellar world, where every exploration and adventure brings new surprises and challenges. But how will this worldview be realized through technology? Multi-platform support attracts different user groups. Overall, IC1101 is an immersive metaverse platform based on a multi-chain architecture that allows users from different public chains to easily connect. Through the introduction of token economics and NFTs, users can have their own digital assets and ownership, and can engage in social and game cooperation to complete tasks, satisfy their desires, and earn rewards. IC1101's appeal is not just in its technological innovation and diverse universe construction, but more importantly, in its ability to attract different types of user groups. Before introducing specific products and technologies, it is worth considering who will be interested in the metaverse. We can divide IC1101's audience into two categories, heavy gamers and casual gamers. The former includes tech enthusiasts and gamers who have some technical expertise and equipment requirements, are interested in immersive virtual experiences, and pursue the ultimate experience; while the latter are more focused on commercial and social aspects, such as enterprises or projects interested in Web3 business models, and players who want to find more social opportunities and new friends in the virtual world. Based on the needs of different user groups, IC1101 provides two products to meet their expectations: IC1101 World and IC1101 Space. IC1101 World: A more immersive metaverse world. IC1101 World is a more immersive metaverse world. In terms of technology and graphics, it is created using the Unreal Engine 5, with outstanding image quality that forms a strong contrast to most of the current metaverse projects made with the Unity engine, which tend to be low-poly in style. In actual gameplay experience, we can see finely detailed graphics similar to those of AAA games, including finely detailed building details, dynamic blur during movement, and reflection of ripples on the water surface, all of which make players feel fully immersed in a virtual world. In terms of scene design, IC1101 World provides more three-dimensional scenes, including different planets and buildings. Each planet has a unique theme and function, such as planets specifically designed for battles and planets for exhibitions and demonstrations. Different buildings also serve different purposes, such as Sony's music hall, which can be used for music playback and related artist activities. In terms of scene design, IC1101 World offers more three-dimensional scenes, including different planets and buildings. Each planet has a unique theme and function, such as planets specifically designed for battles and planets for exhibitions and demonstrations. Different buildings also have different functions, such as Sony's music hall, which can be used for music playback and artist-related activities. In addition, virtual assets have been mapped more realistically in the IC1101 World, and players can directly view and purchase NFTs in the mall, change outfits, and become a 3D image of the NFT, which also provides possibilities for more collaborative creation. IC1101 Space: Lower Threshold for Participation IC1101 World will bring better graphics and a more immersive world to players, but the cost is higher hardware requirements for accessing devices. A well-configured computer may be needed to smoothly enter the metaverse. However, not everyone is a hardcore gamer or an extreme immersion seeker. For more casual players who want to experience the scenes and interactions of the metaverse, IC1101 provides another option: IC1101 Space. IC1101 Space can be accessed through a simple browser login, presented in the form of a webpage, making it convenient and fast to use. Although the graphics may not be as detailed as the World version, they significantly lower the barrier to entry, making them particularly suitable for commercial and social users. In IC1101 Space, players can take on their own roles and participate in online displays and interactions. Compared to traditional social media platforms, IC1101 Space provides richer ways of interaction. In the same scene, players can communicate and greet others, have deeper interactions with organizations, media, and partners they are interested in, bringing them closer together. Immersion is not the first choice for social demand orientation, as it is more important to allow more people to participate in the activities together. IC1101 has achieved this very well. It is worth mentioning that the user data and scenes of the two versions, IC1101 World and IC1101 Space, are interoperable. This means that users can choose different login methods according to their own needs, but their behavior is visible in both versions, and together they influence the world of IC1101. This versioning method for different user groups can attract more users and provide better experiences for different types of participants. This is relatively rare in current metaverse projects, and many projects may not have considered this layered demand. For hardcore players and explorers who are looking for ultimate graphics and immersion, IC1101 World provides a more immersive metaverse experience. For casual players who want to participate in metaverse social and business activities, IC1101 Space provides a lower threshold for participation. Whether for technology enthusiasts, gamers, business users, or social users, IC1101 can meet their needs and create new digital experiences and lifestyles for them. A sense of participation puts the galaxy within reach. The essence of social interaction is a sense of participation. People are the sum of social relationships, and in many metaverse projects, simple display and gathering are only a one-way and low-interaction social relationships, which cannot give players a strong sense of participation. Over time, players will feel empty and boring, and a rich and fulfilling virtual world seems out of reach. Therefore, the metaverse also needs to be built around a sense of participation, so that users are willing, good at, and immersed in this virtual world, becoming "digital natives" in the metaverse. In addition to excellent graphics and sensitive user segmentation, IC1101 is also working on a sense of participation. Firstly, in terms of social aspects, in IC1101, users can enter with their own NFT digital avatars, and can also use these avatars within IC1101. This way, users can communicate with others in the virtual world through their digital avatars. Through functions such as lobby chat, private chat, friend teaming, community tasks/activities, live streaming, and social media sharing, users can establish emotional connections with others. In addition, users can also enhance friendships by sending friends gifts. These social functions not only allow users to display their digital avatars in IC1101, but also to establish real social relationships with others. Next, let's delve into the gaming aspect. IC1101 is committed to creating interactive gaming spaces. In the world of IC1101, users can indulge in a wide variety of casual games, enticing more Web2 multi-users to migrate to the Web3 world. With diverse gaming experiences, IC1101 offers users more interactive and entertaining choices, allowing them to have a stronger sense of engagement within the game. In addition, IC1101 provides a whole new shopping experience. Users can present and sell 2D NFTs purchased on other platforms in a 3D manner within IC1101. Furthermore, brand collaborations are able to bring users a shopping experience beyond reality. By partnering with brands, IC1101 has created a 3D NFT digital mall, offering users a completely new way of shopping and experiencing. Finally, IC1101 also allows users to participate in scenario decision-making. Users can vote to decide the functions of buildings and scenes implemented in the metaverse world. This way, users can participate in the construction process of the metaverse, express their opinions and ideas, and further enhance their sense of participation in IC1101. Expert Team The project members of IC1101 are a group of creative industry experts with an average of 15 years of experience in their respective fields. The team members are located in North America and Asia, and have worked for globally renowned companies such as Dfinity, UBISOFT, Disney, Unity SF, and Konami. They have had long-standing partnerships with top global companies such as Blizzard, EA, Sony, and Amazon, and have participated in the development of many well-known products such as Hearthstone, World of Warcraft, Diablo, Harry Potter, New World, and The Last of Us. The team members have a great passion for the Metaverse project and a deep understanding of it. They are familiar with the concept and development trends of the Metaverse, and are committed to creating an exciting and meaningful virtual experience for users. The strength and partnerships of the IC1101 team have laid a solid foundation for the success of the project. Their professional knowledge and rich experience will ensure that IC1101 can provide the best technical solutions and continuously drive the development of the Metaverse. The team's goal is to create a realistic and engaging virtual world for users where everyone can experience unlimited possibilities and fun. SPACE X 3.0: Immerse Yourself in the Advanced Metaverse Even before its official launch, IC1101 offers a unique opportunity for an early experience that everyone has been eagerly waiting for. On June 6th, starting at 10:00 AM, IC1101 is hosting a significant event called "SPACE X 3.0" Demo Day, providing a vital chance for those interested in the project. This event will showcase the latest developments of the IC1101 project and allow participants to have a firsthand experience of its remarkable products. "SPACE X 3.0" Demo Day will take place in IC1101 Space. Participants will enter this metaverse in the form of digital avatars and engage in interactions with others. The event will offer a diverse range of experiences, including airdrops of tokens and real-time PvP competitions. From the scenes of the event, it's apparent that the inaugural Demo Day has attracted thousands of visitors and garnered support from 30 VCs and 8 media outlets. This demonstrates the convenience, immersion, and engagement that IC1101 provides to its participants. Beyond the event itself, we are also highly excited about the future of the IC1101 project. Through the showcase at Demo Day, IC1101 will unveil its enormous potential and prospects as a real metaverse to the world, bringing users more innovation and thrilling experiences. 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.

BTC/USD Lifted from 26283: Sally Ho’s Technical Analysis – 10 June 2023 Bitcoin (BTC/USD) sought to sustain some minor upside momentum early in the Asian session as the pair was lifted from the 26283.50 area following bids around the 26121.06 area, representing a test of the 61.8% retracement of the appreciating range from 25351.92 to 27402.79. Traders are eyeing some Stops above the 26913 and 27128 areas, retracement levels related to the recent short-term depreciation from 27402.79 to 26121.06. The pair has recently been unable to sustain technical traction above the 27000 figure after being lifted to the 27402.79 area, an appreciation that represented a test of the 27466.83 area. Stops were recently elected below the 25474.18 area by bears as BTC/USD was pushed lower to the 25351.92 area, its weakest print since mid-March. This move lower also represents a test of the 25309.26 area, a level that represents the 50% retracement of the appreciating range from 19568.52 to 30825.30. Stops are cited below major retracement levels linked to the 19568.52 and 15460 levels, including the 25309, 25094, 23954, 23255, 22278, 22025, 21415, 19139, and 18796 areas. Additional downside price objectives include the 24705, 24440, 23208, and 22769 levels. Following recent price activity, areas of technical resistance and potential selling pressure include the 27528, 27737, 27805, 28200, 28473, and 28873 levels. Upside retracement levels in recent depreciating ranges include the 28700, 28741, 28868, 29243, 29299, and 29284 levels. Above the market, upside price objectives include the 30420.74, 31237.11, 31477.37, 32501.23, 32556.73, 32989.19, 34583.96, 34658.69, 35222.66, 37765.28, and 38403.97 levels. Traders areobservingthat the50-bar MA (4-hourly)isbearishly indicating below the 100-bar MA (4-hourly)andbelow the200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bearishly indicating below the 200-bar MA (hourly) and above the 100-bar MA (hourly). Price activity is nearest the50-bar MA(4-hourly) at 26727.81 and the200-bar MA(Hourly) at 26728.93. Technical Supportis expected around24440.41/ 23270.10/ 22769.39 withStopsexpected below. Technical Resistanceis expected around31986.16/ 32989.19/ 34658.69 withStopsexpected above. On4-Hourlychart,SlowKis Bullishly above SlowDwhileMACDis Bullishly above MACDAverage. On60-minutechart,SlowKis Bullishly above SlowDwhileMACDisBullishly above MACDAverage. Disclaimer: Sally Ho’s Technical Analysis is provided by a third party, and 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.

Trading app Robinhood will remove Solana, Cardano and Polygon from its platform come June 27. The move comes after the SEC alleged that several crypto tokens are unregistered securities. Robinhood Markets Inc. announced today that it would end support for Solana (SOL), Cardano (ADA), and Polygon (MATIC) as of June 27. No Other Coins Will Be Affected The trading app informed users they would no longer be able to trade the tokens on its platform just days after the SEC labelled several popular cryptocurrencies unregistered securities. The regulator made the allegations in a lawsuit against crypto exchange Binance and its CEO, Changpeng Zhao. The lawsuit names Cardano, Polygon, Solana, Cosmos Hub (ATOM), Filecoin (FIL), Decentraland (MANA), Algorand (ALGO), The Sandbox (SAND), Coti (COTI), and Axie Infinity (AXS). The suit also identified the BUSD and BNB stablecoins as securities. Robinhood limited its delisting to SOL, ADA, and MATIC and said to users that no other coins would be affected and would remain safe on its platform. It had been reported that the trading app would review its cryptocurrency offerings. On Tuesday, the company’s chief legal officer, Dan Gallagher, told Congress that it is “actively reviewing” the SEC’s analysis “to determine what if any, action to take.” Gallagher, a former SEC commissioner, testified before the House Agriculture Committee during a meeting on digital assets. SEC Sparkes Chaos in the Crypto Market The securities agency filed lawsuits against two of the largest cryptocurrency exchanges – Binance and Coinbase. According to the SEC, Binance mishandled customer funds and deceived investors and regulators about its operations. It further alleged that both Zhao and the exchange failed to restrict US customers from its platform and charged Binance with operating as an unregistered securities exchange. The agency filed suit against Binance’s rival platform, Coinbase, accusing the exchange of acting as an unregistered broker, exchange, and clearinghouse. The SEC charged Coinbase for “the unregistered offer and sale of securities in connection with its staking-as-a-service program.” Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

In his blog post, Buterin shares that the network needs to address these components simultaneously, otherwise the blockchain fails.

In a recent blog post, Ethereum co-founder Vitalik Buterin has unveiled a roadmap consisting of three significant technical transitions that he believes are vital for ensuring the long-term success and sustainability of the Ethereum blockchain. Three must-implement transitions Buterin emphasises that these transitions, namely Layer 2 scaling, wallet security enhancement, and privacy measures, are essential in maintaining Ethereum's decentralised nature and for guaranteeing open and unrestricted access for all users. Failure to implement these transitions, warns Buterin, could potentially undermine Ethereum's viability as a robust and widely adopted platform. Layer 2 scaling The first transition focuses on scaling Layer 2 solutions. Over the past few years, Ethereum has witnessed the emergence of a Layer 2 ecosystem comprising solutions like Optimistic Rollup and Zero Knowledge-Rollup, which have effectively reduced transaction costs. However, as the majority of activities still occur on the main Ethereum network, further maturation and scaling of the Layer 2 space are necessary. Buterin highlights the potential consequences of neglecting Layer 2 scaling, including skyrocketing transaction fees during market expansion phases or bullish market trends. Such circumstances may lead users to seek centralised alternatives, posing a threat to Ethereum's decentralisation goals. "The absence of the first transition, Layer 2 scaling, would render Ethereum vulnerable, with each transaction costing $3.75 ($82.48 during a bullish market). This would inevitably drive mass-market products to disregard the Ethereum chain and adopt centralized workarounds," Buterin explained. Wallet security The second transition highlighted by Buterin centres around wallet security. Buterin expresses concern that potential security risks may discourage users from storing their funds and non-financial assets on the Ethereum network, driving them towards centralised exchanges as a safer alternative. "Without the second transition, wallet security, Ethereum's success is compromised as users become hesitant to store their funds securely. This could result in a mass migration towards centralized exchanges," warns Buterin. To enhance wallet security, Buterin proposes a shift towards smart contract wallets with advanced features such as social recovery, similar to the concept of account abstraction. These enhanced wallets would offer improved security measures and an enhanced user experience. Privacy The third and final transition emphasised by Buterin is privacy. He cautions that the absence of robust data privacy measures may discourage users from utilising Ethereum's capabilities fully. To address this concern, Buterin suggests the implementation of stealth address protocols, which would provide privacy features for Ethereum users. By integrating stealth address protocols, Ethereum would be able to offer enhanced privacy options, attracting users who value anonymity and data protection. 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.

Discover effective strategies and best practices to use credit cards wisely and avoid debt.

The UK’s FCA announced stricter crypto marketing rules this week, prohibiting giving away free NFTs and cryptocurrencies to promote digital asset investing. Earlier this week, the United Kingdom’s Financial Conduct Authority (FCA) introduced tighter advertising rules for the crypto industry, which will take force on October 8. Giving away free NFTs (non-fungible tokens) and cryptocurrencies via airdrops to encourage users to invest in digital assets will no longer be allowed. Matthew Long, the FCA’s director of payments and digital assets, told media publication CoinDesk, that frequently these NFTs and airdrops when used as promotional products, result in consumers buying crypto that they realise “can be problematic later.” Long added that NFTs and airdrops will not be banned, merely promotions involving them. FCA Classifies Crypto as “Restricted Mass Market Investment” The FCA’s newly published rules categorise crypto as a “restricted mass market investment” and will require firms promoting crypto products or services to introduce clear risk warnings. The regulator also said “refer a friend” bonuses incentivising the public to invest in cryptocurrencies will be banned. The new rules will require a “cooling-off” period for first-time investors to discourage impulsive crypto purchases. Research by the FCA reveals that estimated crypto ownership has more than doubled from 2021 to 2022, with 10% of the 2,000 people surveyed indicating that they own cryptocurrencies. Sheldon Mills, executive director of Consumers and Competition at the FCA, said: It is up to people to decide whether they buy crypto. But research shows many regret making a hasty decision. Our rules give people the time and the right risk warnings to make an informed choice. Consumers should still be aware that crypto remains largely unregulated and high risk. Those who invest should be prepared to lose all their money. FCA Goes Ahead With Tighter Rules Despite Industry Pushback The FCA consulted on its proposed marketing rules in 2022 and found that respondents largely disagreed with rules such as banning incentives, blocking new investors from getting non-real-time promotional offers (DOFP) and treating crypto as a mass market investment. As it stands, only entities that have received authorisation from the FCA can approve their own advertisements. Given that there is no framework currently in place that allows the FCA to authorise crypto firms fully, the government has created a temporary exemption that will enable crypto firms registered with the FCA to comply with its AML requirements to approve their own advertisements starting in October. The measure, as stated, is only temporary, and eventually, only FCA-authorised entities will be permitted to approve ads. Some industry players, however, caution the requirement may be too restrictive. The FCA will go forward with the above measures despite industry pushback. 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.

Consensus 2023 participants explored how user-focused design, cultural understanding, and gradual decentralization can drive mainstream crypto adoption

Consensus 2023 visitors discussed DeFi's growth, its need to comply with regulations, and the challenges of balancing crypto-native concepts with traditional finance requirements.

Podgorica, Montenegro, June 9th, 2023, ChainwireAt EDCON 2023 in Montenegro, the Ethereum Reserve Dollar (“ERD”) team introduced their innovative decentralized lending platform and USDE stablecoin to the industry. ERD is a lending platform that allows users to borrow USDE, a USD-pegged stablecoin native to the platform, using liquid staking derivatives (LSDs) and blue-chip DeFi tokens as collateral. The protocol maintains a minimum collateralization ratio of 110%, striking a balance between decentralization, capital efficiency, and price stability.In the fast-paced world of blockchain and cryptocurrencies, the demand for fully decentralized stablecoins is growing. The challenge has been to simultaneously achieve capital efficiency, price stability, and decentralization, a combination that has proven difficult to achieve.Numerous attempts have been made to create stablecoins that are both decentralized and capital efficient. However, these efforts often led to significant price fluctuations, causing depegging and collapse. The industry has thus been left with a choice between capital efficiency and decentralization, with price stability being a crucial requirement for any stablecoin's survival and expansion.Ethereum Reserve Dollar is designed to address these challenges. ERD is fully decentralized, providing a safer solution to the dominant centralized and semi-centralized stablecoins in the market. It employs a fully decentralized lending protocol and a robust liquidation mechanism, enabling users to borrow USDE using LSDs and blue-chip DeFi tokens as collateral. The platform secures loans with a Stability Pool containing USDE, which allows for immediate liquidation and bypasses the need for liquidators to prepare USDE or engage in a complex auction process. Furthermore, the protocol's design allows users to borrow at only a 110% collateralization ratio, achieving an ideal combination of decentralization, capital efficiency, and price stability.Notably, ERD also aims to provide greater value as a governance token and introduce widely distributed decentralized assets on the ETH network, addressing limitations observed in similar protocols, such as those of the Liquity Protocol.“Looking back at the collapses of so many failed stablecoins, and the depegging of USDT in 2022 and USDC in 2023, the industry is still searching for a truly decentralized, capital-efficient, and robust solution," said Steve Hopkins, ERD’s CMO. “ERD is this and so much more; it's a solution designed to become a truly decentralized reserve asset on the Ethereum network. We believe ERD offers a significant step forward in blockchain and DeFi technology. We’re thrilled to share it with the world. ”The ERD team will launch their testnet event on June 12, 2023. This event will offer the opportunity to experience the platform's unique features and benefits firsthand, while also entitling early adopters to share in the upside of the project’s growth.The ERD Protocol is set to redefine the stablecoin landscape. With its unique features and benefits, it offers a promising solution for efficient and decentralized lending. The team encourages everyone to participate in the upcoming testnet event and experience the future of DeFi.For more information about the ERD Protocol and its upcoming testnet event, please visit the official website at https://erd.xyz/ and follow the project on Twitter at @Ethereum_ERD.About ERDERD is a decentralized lending protocol that enables users to borrow in USDE, a stablecoin pegged to the US dollar, using LSDs and blue-chip DeFi tokens as collateral. It aims to address the dominance of centralized stablecoins and offer a truly decentralized, capital-efficient alternative. The protocol offers a minimum collateralization ratio of 110% and secures loans with a stable pool containing USDE and other Ethereum-based assets. The benefits of ERD include low-interest rates, high capital efficiency, direct redemptions, and decentralization. Its goal is to become a truly decentralized reserve asset on the Ethereum network.Long live Ethereum Reserve Dollar. On Ethereum, By Ethereum, For Ethereum.For more information and to stay updated please visit:Official website | Twitter | Discord | Whitepaper | GitHubContactCMOSteve HopkinsEthereum Reserve [email protected]

News of a possible halt in U.S. dollar withdrawals sparked an increase in bitcoin trading as customers looked to remove their assets from the exchange, one observer said.

The draft bill is set to go before the House Committee for discussion on June 13, and if approved by the House and the Senate, it could become the first form of crypto legislation in the U.S.

A Bitcoin inscription service aims to compete with Ordinals by offering smart contracts and larger file sizes.

Nostra creator Fiatjaf launches the most decentralised social media yet. Built on Bitcoin it enables users to own their content and be able to send microtransactions. Social media platforms are censored The social media platforms of today are highly successful, but at what cost? It turns out that Twitter was being used by government to suppress certain conversations that were against their narrative, and Youtube regularly de-platforms anyone who is perceived to not be following their rules. Other social media platforms are in a similar position. Bitcoin is successful because it cannot be taken down by any government or their agencies. It is for the people to be able to protect their wealth from a banking system that does not serve them. Fairly rewarded content Nostr was built on top of Bitcoin, and is the first open protocol that is truly censorship-resistant. ZEBEDEE and Nostr co-creator Fiatjaf have taken this further, and on Thursday launched the ZBD app, which will enable users to have their content fairly rewarded, in that they will be able to keep 99% of the value they created. The social media features of the new app includes a game-changing development called “Zaps”. These are tiny micropayments as small as $0.0002, which can be sent to anyone in the world instantly and without censorship. The messages, profiles, and posts are not limited to any one platform, and can flow across any Nostr-powered app or website, so if one platform is shut down there are many more that can receive the social media. Also featured on the new app is the ability to be able to send payments through DMs (Direct Messaging), and to earn payments through games, podcasts, music, art, and whatever a user can dream up that might create value. Empowerment of people André Neves, CTO and co-founder of ZEBEDEE said of the launch: “ZEBEDEE is all about empowering people through open, decentralized technologies. The new social layer within the ZBD app delivers an all-in-one space for people to connect, play, and earn while embracing our core values. We're spicing up the ZBD ecosystem to offer an unprecedented user experience, blending social media, gaming, shopping, and Bitcoin,” From the ZEBEDEE PR announcement: “To secure early access to this upgrade of the ZBD app, available for iOS and Android, users can sign up at https://zeb.gg/early-access. Or go to zbd.gg and follow @zbdapp on their legacy social media platform of choice.” Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

In Today’s Headlines TV CryptoDaily News: Kraken NFT marketplace launched Cryptocurrency exchange Kraken has officially launched its NFT marketplace out of beta testing, supporting over 250 non-fungible tokens across the Ethereum, Solana and Polygon blockchains. Australia’s biggest lender plans to curb payments to crypto exchanges Australia’s banking sector is making it harder to transfer funds to cryptocurrency exchanges, citing the risk of scams. The latest step came from the Commonwealth Bank of Australia, which plans to impose a A$10,000 monthly limit on payments to digital-asset trading platforms. Bitcoin halving is coming, and only the most efficient miners will survive Roughly every four years, the reward for successfully mining a bitcoin block is cut in half. This event, known as the halving, reduces inflationary pressure on bitcoin. Currently, rewards are 6.25 BTC per block, and in April 2024, they will be reduced to 3.125 BTC per block. BTC/USD exploded 1.0% in the last session. The Bitcoin-Dollar pair skyrocketed 1.0% in the last session. The Stochastic-RSI gives a positive signal. Support is at 254191, and Resistance is at 278411 The Stochastic-RSI is giving a positive signal. ETH/USD skyrocketed 1.1% in the last session. The Ethereum-Dollar pair skyrocketed 1.1% in the last session. The CCI is giving a negative signal. Support is at 1779.5067, and Resistance is at 1920.0067. The CCI is currently in the negative territory. XRP/USD exploded by 1.7% in the last session. The Ripple-Dollar pair skyrocketed 1.7% in the last session. The MACD is giving a positive signal. Support is at 0.4901, and Resistance is at 0.5521. The MACD is currently in positive territory. LTC/USD saw a minor dip of 0.2% in the last session. The Litecoin-Dollar pair made a minor downward correction in the last session, dropping 0.2%. The MACD is giving a negative signal, which matches our overall technical analysis. Support is at 85.4767, and Resistance is at 92.8767. The MACD is currently in negative territory. Daily Economic Calendar: US USDA WASDE Report The World Agricultural Supply and Demand Estimates report, published monthly by the United States Department of Agriculture, provides forecasts for agricultural commodities’ supply and demand. The US USDA WASDE Report will be released at 16:00 GMT, the US Baker Hughes US Oil Rig Count at 17:00 GMT, and Finland’s Industrial Output at 05:00 GMT. US Baker Hughes US Oil Rig Count The Baker Hughes Rig Count is an important business barometer for the drilling industry and its suppliers. Active drilling rigs consume products and services produced by the oil service industry. FI Industrial Output The Industrial Output shows the production volume of industries, i.e., factories and manufacturing. AT Industrial Production Industry is a basic category of business activity. Changes in the volume of the physical output of the nation’s factories, mines and utilities are measured by the index of industrial production. The Austrian Industrial Production will be released at 07:00 GMT, Japan’s CFTC JPY NC Net Positions at 20:30 GMT, and the UK’s CFTC GBP NC Net Positions at 20:30 GMT. JP CFTC JPY NC Net Positions The weekly Commitments of Traders (COT) report provides information on the size and the direction of the positions taken. The report focuses on speculative positions. UK CFTC GBP NC Net Positions The weekly Commitments of Traders (COT) report provides information on the size and the direction of the positions taken. The report focuses on speculative positions. 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.

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