17 days ago • cryptodaily
TABOO Emerges as Key Player in Entertainment Industry with $10M Funding
TABOO announces its achievement of raising a fund of $10 million with a valuation of $250 million. It is an entertainment and media platform that has shown tremendous growth during the first quarter of 2023. Following its potential growth, the platform has secured a $10M fund round from the private office which is led by a former JP Morgan senior Executive.
Significantly, TABOO is revolutionizing in producing unique content creation, curation, and distribution by leveraging blockchain technology and non-fungible tokens (NFTs). TABOO provides a more credible and transparent option for content providers and customers across the globe by using the security and efficiency of the blockchain. Its unique approach attracted major investors and users of the industry.
Moreover, this fund will be used for major acquisitions, marketing, new feature integrations and security enhancements. TABOO's dedication to its investors and community is demonstrated by its growth, which assures them that the brand will hold to improve visibility and will continue to expand.
The platform has exhibited constant growth with a market value of $600 million at its all-time high, indicating its endurance even in global bear markets. Additionally, data from CryptoRank states that TABOO token is one of the top performing tokens that outperformed BTC. On May 9, CryptoRank, a platform that provides crowdsourced and professionally curated research on crypto market, revealed TABOO to be the top three tokens that surpassed the BTC performance 11.8 times since March 2023.
COINS THAT OUTPERFORMED #BITCOIN $BTC THIS SPRING$ROOK $STRD $TABOO $DEXT $SILO $PRT $TOMI $TOMO $WIT $MX $KAS $MCB $INJ $PENDLE $XRD pic.twitter.com/5YsoOeyWnc
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26 days ago • cryptodaily
Tomorrow’s Fed meeting could be make or break for crypto rally
Wednesday’s FOMC meeting could decide whether the crypto rally continues or whether an end to the uptrend gets confirmed.
Decision time
It’s the FOMC meeting again, where the Fed Chairman announces whether the interest rate will rise, stay put, or fall, and the market hangs on his every word as though he were a sage of ancient times.
How Jerome Powell can still retain respect after getting inflation completely wrong when it first took off, and then making the most violent and abrupt interest rate rises in history, is a question that could rightly be asked.
Be that as it may, the market does have to pay heed because this man and his agency are still playing the role of God for the markets. Yet another 25 basis point interest rate is firmly on the cards for tomorrow, although given the dire straits of some of the banks, this raise is still not cast in stone.
A future pause is likely
However, according to Angelo Kourkafas, CFA, investment strategist at Edward Jones, who spoke to the IBTimes, the 25 basis points are likely, but he believes that the Fed will probably pause thereafter.
"The statement may leave the door open for more tightening, but the May hike will likely be the last. The stress in regional banks, the recent drop in two-year Treasury yields below the fed funds rate and the inverted yield curve are all signs that policy is turning overly restrictive."
So where does this leave Bitcoin and the crypto market?
Bad news for crypto?
Ratcheting up interest rates yet another 0.25% cannot be good for crypto overall. On top of this latest rise, Bitcoin is still battling with heavy resistance at $30,000. It has been rejected several times now and does appear weaker.
Nevertheless, the price is still holding strong at around $27,000 to $28,000, and it would be just like the market to send Bitcoin crashing through the resistance when everyone expects the price to start retracing.
All the same, it does look as though Bitcoin will move lower, even if it is only to the strong support at $25,000. Do expect altcoins to get a real battering though if this is the case.
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.
31 day ago • cryptodaily
NEAR Protocol (NEAR) Price Prediction And A Year Of Growth For Uwerx (WERX)
The dollar has weakened, and risk assets trade inversely to the dollar. As the dollar loses strength, it becomes less appealing to investors, and this capital quickly finds its way into the digital asset space. Analysts have given a price prediction for NEAR Protocol (NEAR) and have outlined a new protocol called Uwerx set to change the freelancing industry. NEAR Protocol (NEAR) Price Prediction NEAR Protocol (NEAR) is a layer one blockchain that boasts massive throughput. NEAR Protocol (NEAR) powers thanks to its unique Nightshard sharding technology. NEAR Protocol (NEAR) gained support from developers due to the ease of deploying DApps on the network. NEAR Protocol (NEAR) introduced human-readable wallet addresses making it popular with users.NEAR Protocol (NEAR) currently trades close to $1.86, down close to 90% from its all-time high in January 2022, where NEAR Protocol (NEAR) traded above $20. Analysts acknowledge NEAR Protocol (NEAR) has lots of work ahead of it, but the trajectory has been solid, and analysts expect NEAR Protocol (NEAR) to trade above $5 by the end of 2023. How Will Uwerx (WERX) Change Crypto? Uwerx has big plans and will launch a decentralized freelance marketplace. Trust has been a huge issue for freelancers and employers alike, hence the rapid growth of centralized intermediaries to mediate the process, ensuring that the work gets done and the freelancer gets paid. Industry-leading platforms like Upwork have made record profits in recent years with the growth of the freelance economy, but Upwork still relies on the same procedures as it did in 2015. Uwerx will launch a decentralized and trustless model that removes the middleman and reduces fees by 75%. By leveraging blockchain, Uwerx can deliver a model that fits the current market demand, and as a result, the platform could grow exponentially. Analysts have predicted that the WERX token may trade as high as $9 before the end of year 2024. Taking Part In Uwerx’s (WERX) Presale According to Velocity Global, 44% of gig economy gross volume comes from customers in the United States. And this gives global freelancers a chance to earn dollars. Uwerx will connect people globally, and its presale price of $0.00751 could be an exceptional opportunity to join a blue chip project in the early stages. Audited by InterFi Network and SolidProof, with a 25-year liquidity lock after the presale ends, analysts have become highly bullish on Uwerx’s prospects.
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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.
33 days ago • cryptodaily
BTC Prague, the Largest Bitcoin Conference in Europe, to Host 100+ World Class Speakers and Companies
Prague, Czechia, April 25th, 2023, ChainwireBTC Prague will bring leaders in the bitcoin community worldwide to the Czech capital to map the future of digital currency. The largest bitcoin conference in Europe will be held from 8 June to 10 June 2023.A projected 10,000 attendees have the opportunity to hear from and meet with more than 100 leaders in the BTC community and network with more than 100 companies. In addition to the speakers and exhibition space, many side events are planned, including dev/hack/day."We may be a small nation of only 10 million, but the Czechs have been leading the way to financial freedom through bitcoin from the very beginning," said Martin Kuchař, co-founder and co-organizer of BTC Prague. He added examples of what was developed in Czechia. "The first BTC mining pool, Braiins, Trezor, the first hardware wallet, and bip39, used to create encryption keys for hardware wallets. We are also the home of the world's largest BTC ATM manufacturer, General Bytes, and Tropic Square, the first open-source transparent secure chip will be launched from here shortly," listed Kuchař.The essential topics for the main stage include technology, sound money, freedom, community, and the organizers of BTC Prague have already secured more than 80 high-profile speakers."Top industry leaders are coming to Prague to discuss the future of money, technology, and freedom. With superstar speakers like Michael Saylor, Adam Back, and Anita Posch, this event promises to be a game-changer with exclusive insights and cutting-edge ideas from the world's leading voices in bitcoin, freedom, and innovation," emphasized Kuchař.Confirmed speakers include:Investor Michael Saylor, in his first European appearance, talking about the future and investment case for bitcoinTechnologists Adam Back and Jan Čapek talking about Innovations in the mining industry, and Pavol Rusnák and Marek Palatinus talking about open source and freedom aspects of moneyEntrepreneurs Jameson Lopp, Giacomo Zucco, Roya Mahboob, Sophie von LaerResearcher Peter Todd talking about possible attack vectors for the bitcoin networkPhilosophers Robert Breedlove, Aleks Svetski and Knut Svanholm discussing low-time preference, warrior culture, and praxeologyPodcasters Roman Reher, Lunaticoin, Jakub Vejmola and Rogzy, Rikki, the best and most influential European bitcoin podcasters Human rights activist Lyudmyla Kozlovska explaining how bitcoin helps raise funds against oppressive regimes, and Peter Young showing a different way of creating functional societies.Educators Anita Posch and Mahassin L. Quadri sharing their experiences about educating in AfricaEconomists Rahim Taghizadegan and Matthew Mežinskis sharing their views on the economics of today and tomorrow's worldThe sample of speakers mentioned above confirms that the conference is bringing the most prominent bitcoin voices to Europe and the whole spectrum of the bitcoin community, from entrepreneurs, OG researchers, CEOs, authors, and bitcoin influencers, to philosophers and educators, developers, MC's and freedom fighters. All of them are coming to BTC Prague and thus bringing the bitcoin community closer together.BTC Prague will also feature an exhibition space for companies to connect and network. The exhibition space will allow people to discover the wide range of companies in the bitcoin ecosystem, do business, find a job, or learn about the bitcoin community. The presence of more than 100 companies is expected.Prior to the start of the conference, on 7 June, the organizers will hold a dev/hack/day. Organized with Pavol Stick Rusnák, Co-founder of Satoshi labs, dev/hack/day is intended for all tech heads, inquiring minds, nerds & geeks. It will be a day full of talks bringing breakthrough ideas and workshops, where participants can put their hands on cutting-edge technologies. More than 500 developers are expected to attend."We believe in freedom, self-sovereignty, equity, and decentralization, as well as in knowledge, innovation, and progress. We value the future over the present. We believe in healthy, thriving economies and societies. We believe all the above will benefit from having good money again after decades. We believe in bitcoin," said Kuchař.About BTC PragueWith over 10,000 attendees projected, the inaugural BTC Prague will be the largest conference dedicated to bitcoin in Europe. Attendees will have the opportunity to learn from more than 100 speakers, including business leaders, developers, influencers, and educators from all over the world. More than 100 companies are projected to exhibit in the exhibition hall.For more information on BTC Prague, visit btcprague.comFollow BTC Prague on LinkedIn | TwitterContactCo-founderMartin KuchařBTC [email protected]
38 days ago • cryptodaily
Pink Moon Studios Launches its Highly Anticipated Free-to-Play Mode for KMON Genesis
Singapore, Singapore, April 20th, 2023, ChainwireRebranding from Kryptomon to KMON Genesis, the move will significantly lower the barriers of entry to one of the world's most popular web3 games.Today, Pink Moon Studios, a leading web3 gaming company, announced the launch of a free-to-play mode for its renowned strategy game, KMON Genesis (formerly Kryptomon). KMON Genesis allows players to breed, collect, and trade unique creatures as they traverse the enthralling KMON universe. As one of the first web3 games in the world, KMON Genesis gives players a seamless gaming experience without the need to purchase NFTs in advance, further lowering barriers to entry to a broader range of players.Set in the Kryptomon universe, community members play as “Trainers,” taking care of their own NFT pets, which have a unique and mutable genetic code made up of 38 randomized parameters that determine their physical and behavioral characteristics. Kryptomons can learn, fall sick, get hungry, and protect their trainers when out on an adventure in the physical world. In turn, trainers will have to care for, feed, and train their Kryptomon partners in order to grow and prepare for the battles ahead. To incentivize gameplay, Pink Moon Studios shares revenue from KMON Genesis with its players by distributing weekly monetary rewards when they complete in-game challenges, which average $50 in tokens."Our core mission has always been to make the enthralling KMON Genesis universe accessible to everyone.” stated Umberto Canessa Cerchi, Founder & CEO of Pink Moon Studios,“The introduction of the free-to-play mode is a game-changer, inviting players from all backgrounds to experience the innovative and exciting world we've developed, without any financial barriers or web3-related technological hurdles."In a recent partnership with Playdex, Pink Moon Studios also introduced exclusive rental features for KMON on-chain assets, further enhancing the gaming experience and offering players even more flexibility and opportunities for growth within the game. To commemorate the launch of the free-to-play mode, Pink Moon Studios will host a community event showcasing its upcoming mobile MMORPG, World of Kogaea, which is currently under development. Players can obtain a unique digital collectible throughout the event by completing specified quests. Space for the special event is limited, and interested players are encouraged to register early to secure their spots. Further information about the event will be available on the Pink Moon Studios' official website in the near future."We are eager to offer players a sneak peek into the mesmerizing digital realm of World of Kogaea,” said Brian Bento, Chief Product Officer and SVP of Game Development at Pink Moon Studios, shared his enthusiasm, stating, “Our dedicated team has poured countless hours into crafting a visually spectacular and engaging experience that players will find truly captivating."About Pink Moon StudiosFounded in 2021, Pink Moon Studios is revolutionizing web3 gaming by delivering immersive, captivating, and groundbreaking gaming experiences that defy traditional norms. With extensive expertise in web3, non-fungible tokens (NFTs), and augmented reality (AR) technology, Pink Moon Studios is uniquely positioned to create gaming solutions that bridge the gap between the digital and physical worlds.For additional details about KMON Genesis, the revolutionary free-to-play mode, and the latest developments from Pink Moon Studios, please visit https://pink-moon.studio/ContactCBDOTomer Warschauer NuniPink Moon Studio [email protected]+972547000765
40 days ago • cryptodaily
Shaq Finally Served In FTX Lawsuit
Celebrity athlete Shaquille O’Neal has finally been served with a copy of the class-action lawsuit against public figures who promoted the now-defunct crypto exchange FTX.
FTX Lawsuit Finally Reaches Shaq
Lawyers representing the group of FTX investors who have filed a class-action lawsuit against celebrities who endorsed the now-bankrupt FTX crypto platform have finally been able to successfully serve Shaquille O’Neal his copy of the lawsuit. The team of lawyers, who belong to the Moskowitz Law Firm, had apparently been attempting to serve O’Neal for months; however, he had been evading being served consistently. The lawsuit does name other celebrities who had been featured in FTX advertisements. However, O’Neal was the last one on that list to be served the papers.
The Moskowitz Law Firm tweets,
“Plaintiffs in the billion $ FTX class action case just served @SHAQ outside his house. His home video cameras recorded our service and we made it very clear that he is not to destroy or erase any of these security tapes, because they must be preserved for our lawsuit.”
A Three-Month Long Chase
The law firm had been making constant efforts to serve O’Neal for months. They even had to resort to submitting a filing, requesting permission to serve him via social media. The law firm claimed that O’Neal had displayed “shocking” behavior while evading multiple attempts to serve him over months. The request was, however, denied.
The firm had also tried to reach out to O’Neal on Twitter by tweeting at him from outside the NBA on TNT studios on Thursday, where he was covering a playoff.
“Mr. O’Neal: We represent thousands of FTX victims who lost their savings in the massive FTX fraud. We have been standing outside your TNT studios in Atlanta all week, but your security guards will not let us in, to just hand deliver our legal complaint. You’ve been running from us for 3 months & all other FTX celebrities have agreed to receive their complaints. Please have the courtesy & honor to simply allow our process servers tomorrow to deliver our legal complaint on your behalf, so you can defend your actions in this matter.”
The law firm was finally able to serve him the papers at his residence on Monday following more standard means.
Celebs In Hot Water Over FTX Ads
Neither O’Neal nor his representatives have commented on this recent development. However, he had addressed the matter back in December during an interview with CNBC, where he claimed that he was not involved with the business but was just paid to appear in the commercial.
The lawsuit is being headed by the law firm's head honcho, Adam Moskowitz, who had already named celebrities like Tom Brady, Gisele Bundchen, Steph Curry, Larry David, and even several popular YouTubers, along with FTX founder Sam Bankman-Fried of defrauding investors through their endorsements.
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.
53 days ago • cryptodaily
Creed&Bear is Pioneering the Future of Digital Assets
Creed&Bear, a top-tier FinTech company based in Dubai, is revolutionizing the digital asset landscape with its cutting-edge Artificial Intelligence (AI) and Machine Learning (ML) technologies. With an ambitious roadmap in place, 2023 promises to be a groundbreaking year for Creed&Bear and its clientele. Key highlights of the roadmap include:
● ALGO TRADING SYSTEM development
● Expansion into digital asset management
● Strategic growth plans for the next three years
Tapping into the Power of AI and ML for Next-Gen Asset Solutions
Creed&Bear, originally founded in Switzerland, has recently expanded to the bustling financial hub of Dubai. The company has developed their own proprietary software, skillfully combining AI and ML to offer personalized solutions for a wide range of digital assets. This innovative approach has transformed traditional asset management, paving the way for efficient and precise decision-making.
Unleashing the Potential of Data-Driven Strategies
Creed&Bear's unique software allows them to collate and analyze vast quantities of historical and unstructured data in real-time. With offerings like Access to Growth and Innovation and Portfolio Diversification, the company's software boasts impressive capabilities, including:
● Processing over 100,000 trades through network servers
● Managing and executing trades in under 4ns
● Reading and processing 7,000,000,000 transactions per ms
● Storing and analyzing 35GB of raw data
These remarkable features enable Creed&Bear to continually refine their software.
Connecting the World through a Shared Technological Vision
Creed&Bear's journey began in 2012 when Flavio Villa and Daniele Sinacori joined forces in Switzerland to create an automated trading algorithm for currency and stock markets. Fast-forward to 2019, the duo established Creed&Bear AG in Zug, refining their algorithmic trading systems and forging valuable relationships with industry stakeholders.
In 2022, the company launched Creed&Bear Network LLC in Dubai, marking its first international foray and solidifying its presence in the digital assets and blockchain space, with Anil Sethi as CEO and Andrea Nardon as CIO. Today, the company boasts a talented team of over 50 professionals, all dedicated to realizing a shared vision of harnessing technology.
Creed&Bear's ambitious 2023 roadmap showcases the company's commitment to the future of digital assets, with a focus on AI and ML-powered solutions. As the firm continues to expand its reach and perfect its innovative software, the world of asset management is poised for transformation. Embrace the future with Creed&Bear – where technology and vision converge for a better tomorrow.
To find out more about Creed&Bear follow them on social media.
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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.