Tracto(TRCT)

VeChain (VET) and Flow (FLOW) are two cryptocurrencies that are struggling to hold their own as newer projects take center stage. Collateral Network (COLT) is the latest project to emerge on the scene and is already generating a lot of excitement as the public presale begins. >>BUY COLT TOKENS NOW>BUY COLT TOKENS NOW<< VeChain (VET) VeChain (VET) is a blockchain platform focused on improving product traceability, supply chain management, digital asset management, and other real-world applications. Over the past few years, it has established itself as a leader in enterprise blockchain solutions and is increasingly being adopted by large companies. VeChain (VET) utilizes a two-token model: VTHO is the fuel of the VeChain blockchain and is used to perform transactions on the network, while VET generates VTHO by staking and is used for governance. The price of VeChain (VET) tokens is tied to the demand of the platform. Despite VeChain (VET) being used by a number of impressive companies, it has not been able to gain the widespread adoption needed to send its prices soaring. VeChain (VET) is also facing growing competition from new projects with innovative features. VeChain (VET) will likely survive in the long term, but its detractors are asking if it is really worth the investment at this point. Flow (FLOW) Flow (FLOW) is a blockchain platform developed by Dapper Labs, the same team behind CryptoKitties and NBA Top Shots. It is designed to support user-generated content, digital assets, and gaming applications. Flow (FLOW) is a layer-one blockchain, meaning that it is designed to scale faster and more securely than its competitors. Rather than being dependent on a single chain, Flow (FLOW) optimizes consensus by dividing the process into four distinct parts for optimal efficiency. Flow (FLOW) also uses Resource Oriented Programming, which simplifies the development process and allows developers to focus on creating new applications. However, Flow (FLOW) has been one of the worst-performing cryptocurrencies since hitting $46.16 in April 2021 &mdash; plummeting by more than 98% since then. With the platform still in its infancy, investors may have to wait sometime before they see any returns on their investments. Find out more about the Collateral Network presale here: Website: https://www.collateralnetwork.io/ Telegram: https://t.me/collateralnwk Twitter: https://twitter.com/Collateralnwk 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.

Generally beleaguered throughout 2022, Tether has managed to improve its financial situation drastically and top it all with a $700 million Q4 net profit. Commercial paper backing FUD upon FUD (fear, uncertainty, doubt) has been heaped upon the company behind the Tether USDT stablecoin for quite some time now, and much was made of the &lsquo;dubious&rsquo; backing of the US dollar-pegged token. A large part of which was commercial paper. However, the improved finances have allowed Tether to get the commercial paper off of its books. It had given itself a target of doing this by the end of 2022 and an attestation report, provided by top-5 accounting firm BDO Italia at the end of December 2022, confirmed this. The report vouched for the integrity of Tether&rsquo;s own Consolidated Reserves Report, stating that there was no longer any commercial paper backing, that it had $67 billion in consolidated assets, and that it held excess reserves of at least $960 million. Tether's financial resurgence In a statement on the company website Paolo Arduino, CTO of Tether, said of his company&rsquo;s progress: &ldquo;After a tumultuous end to 2022, Tether has once again proven its stability, its resilience and its ability to handle bear markets and black swan events, setting itself apart from the bad actors of the industry. Not only were we able to smoothly execute over $21 billion dollars in redemptions during the chaotic events of the year, but Tether has on the other side issued over $10 billion of USD₮, an indication of continued organic growth and adoption of Tether.&rdquo; He added: &ldquo;Last quarter, Tether generated over $700 million in profits, adding to its reserves. We are proud of how Tether has continued to be a driving force in rebuilding trust within the crypto industry and we are determined to continue to set a positive example for our peers and competitors alike.&rdquo; Still a question mark? The only real question mark against Tether&rsquo;s financial situation is that a third-party attestation is only really a snapshot at a particular time. It is not to be confused with a full financial audit which would allow full and unrestricted access to Tether&rsquo;s books. It is likely that until such time that Tether does undergo such an audit, the suspicions of some detractors will remain. 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 declares that the big auditors still have a lot to learn about the crypto industry and so a full audit probably won&rsquo;t take place soon. Binance detractor has his say Binance has suffered much FUD in recent times, and those looking to see the biggest crypto exchange by volume fail have heaped plenty of criticism and doubts upon how it operates. Kevin O&rsquo;Leary, big businessman entrepreneur, and paid as a spokesman by Sam Bankman-Fried of FTX infamy, was recently interviewed by Scott Melker on the Wolf of All Streets YouTube channel, and he took every chance to smear &ldquo;unregulated exchanges&rdquo; and their &ldquo;faux equity&rdquo; tokens - mentioning Binance on a few occasions as being one of the main culprits. Can the big auditors handle crypto? Leon Foong, head of Binance Asia-Pacific was quoted by Bloomberg as saying that there weren&rsquo;t agreed standards for price volatility for example. He stated: &ldquo;It&rsquo;ll take a longer time. It shows you the limitations of the more traditional industries because there is a learning curve. Number one, it&rsquo;s not their core competence. And number two, obviously there&rsquo;s a lot of scrutiny if they get it wrong.&rdquo; However, the Bloomberg article does cite the Coinbase annual statements carried out by Deloitte as proof that the major accountants can in fact carry out this type of work for crypto companies. Past mistakes Binance itself does admit that it has made mistakes in the past in how it manages its stablecoins reserves. Also, it acknowledges that it was in error when it held various token collateral in the same wallet intermingled with client funds. Foong stated that this issue was being rectified by the exchange and would be completed as soon as possible. He also said that the Binance proof-of-reserves statement would be enlarged upon. 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.

El Salvador’s pro-bitcoin president Nayib Bukele has continued to defend his administration from attacks, telling off detractors who wish to pressure and reverse his socio-economic policies and Bitcoin agenda.

Over the last few months, the growth of cryptocurrency has shifted to one of enthusiasm, with discussions centered on decentralized finance, NFTs, and token games. As the niche evolves in quest of more intriguing use cases and, ultimately, value for its members, a new model has developed - play to earn. Taunt Battleworld is the world's first engage-to-earn NFT fighting game simulator, created by Amazon, EA, and Unity industry veterans. This vision combines the strength of NFTs, the thrill of a fighting game, and a comprehensive ecosystem that adds value to users in every aspect of play while sustaining a strong token and gaming economy. If the UFC is to the real world, then Taunt Battleworld is the UFC of the Metaverse. The platform is a one-stop experience for both gaming and entertainment. Everyone should take advantage of the Lootbox Sales and Token Sellout. First, tokens will be released in Q4 through BSCPad, Bullperks, and Bybit directly. In addition, unique Non-fungible tokens (NFTs) will be available in the Lootbox. This is remarkable. All investors can quickly hop on the ongoing Lootbox pre-registration program to enjoy every benefit that comes with it. Interestingly, the platform uses blockchain technology and non-fungible tokens (NFTs) to provide innovative gaming and entertainment experiences. The team is committed to providing inclusive gaming that is cross-platform and cross-blockchain whenever possible. The aim is to bring Taunt Battleworld to the community's doorsteps, no matter where they are. The Core Edges of the Game The game, being a skill-based fighting simulator, is the first to combine the fastest-growing segment in Gamefi into one ecosystem. It also employs a novel method of play known as "engage-to-earn." Players will be paid in real-time during each phase of gameplay by merging watch-to-earn and predict-to-earn elements using unique interactive technology. Taunt Battleworld is set in a post-apocalyptic world where the old Gods have transformed Earth into Battleworld, their playground. In addition, as an exciting new NFT game where you own and manage Acolyte Warriors on a quest to become champions, players can acquire, grow, and test their warriors against others in the grand arenas of the new world. This is done to achieve favor with the Old Gods. NFTs are obtained from the marketplace via Genesis drops or secondary market sales. Players can, on the other hand, obtain NFTs created by other players through bleeding that is listed on the company&rsquo;s marketplace. Surprisingly, durable power-ups and enhancements can also be obtained to give a fighter a competitive advantage in the game. 25,000 of the universe's strongest warriors have been summoned to a never-ending battle for domination. How fights are won is just as essential as the fact that they are won. Above all, taunting is both encouraged and rewarded. The Genesis Skull Pass, which will be available on the Ethereum network, will be the first NFT drop for Taunt Battleworld. This is done to maximize the number of people that could be adopted into Taunt Battleworld. It is necessary to mention that the Polygon (Matic) network will be used to run the game's blockchain components. Fast speeds and minimal transaction fees will be possible while retaining high security. Wherever practical, the company intends to use Chainlink's Verifiable Random Function (VRF) for randomization processes. Play, Watch and Predict to Earn To compete for real-world prizes, players must enter their Acolyte Warriors into tournaments. Warriors have the best chance of winning if the players choose their runes and matches wisely. It's also possible to make money by watching brawls. Players are rewarded for sharing their knowledge of the Old Gods with the rest of the community. To summarize, competing against others in live prediction contests with no monetary stakes is a significant advantage. Players use their knowledge and wits to progress to higher NFTs. Indeed, Taunt Battleworld values strategy, skills, and accessibility! Additionally, the company&rsquo;s data cooperation with Esports Technologies (NASDAQ: $EBET) will provide new experiences and betting solutions for the Taunt Battleworldcommunity to gamble on events outside of the blockchain. The Team and Its Structures The team's ultimate goal is for players to be able to play Taunt Battleworld on the platforms of their choice. Soldiers are placed into Brawls to fight (much like in a 2D fighting game), but instead of controlling them directly, players choose their strategy. Everyone can profit from the ecosystem in a variety of ways as they fight and win or lose. The team has been working tirelessly to bring its Acolyte Warrior NFTs, as well as the Alpha gaming platform and the Token Genesis Event, ready for launch. They've also been fast expanding to serve the Taunt Battleworld long-term strategy. Over 20 individuals are working on the product, including full-time contractors and staff. Taunt Battleworld collaborates with a number of key partners. Chainlink - VRF, ASM, and Polygon are compatible blockchains. Furthermore, NAP Alliance and Magic Eden are two significant marketplaces. Similarly, BSCpad and Bullperks Launchpads are platform perks. The Platform also has specific drops in place with IP partners including Floyd Mayweather, Cris Cyborg, and others. Furthermore, with backers such as Polygon Studios, Genblock Capital, and Shima Capital ($4.3 million raised), the team has prioritized development. Taunt Edits Taunt Battleworld &ndash; Combat Sports for the Metaverse In recent years, there has been a surge in interest and excitement surrounding the growth of cryptocurrency, particularly in the areas of decentralized finance, non-fungible tokens (NFTs), and token games. As the industry continues to evolve and seek out innovative ways to provide value to its members, healthy debate has emerged to discuss the best path forward. Taunt Battleworld is a digital collectible fighting game, created by Amazon, EA, and THQ industry veterans. This vision combines the technology of NFTs, the thrill of a fighting game, and a comprehensive ecosystem that adds value to users in every aspect of play while sustaining a strong token and gaming economy. Taunt Battleworld is a comprehensive platform that offers both gaming and entertainment. It is a one-stop destination for all your gaming and entertainment needs in the virtual world. Interestingly, the platform uses blockchain technology and non-fungible tokens (NFTs) to provide innovative gaming and entertainment experiences. The team is committed to providing inclusive gaming that is cross-platform and cross-blockchain whenever possible. The aim is to bring Taunt Battleworld to the community's doorsteps, no matter where they are. The Core Edges of the Game The game, being a skill-based fighting simulator, is the first to combine the fastest-growing segment in Gamefi into one ecosystem. It also employs a novel method of play known as "engage-to-earn." Players will earn in-game currency in real-time during each phase of gameplay by merging watch-to-earn and predict-to-earn elements using unique patented technology from the Taunt Live platform.. Taunt Battleworld is set in a post-apocalyptic world where the Old Gods have transformed Earth into Battleworld, their own playground. In addition, as an exciting new digital collectible game where you own and manage Acolyte Warriors on a quest to become champions, players can acquire, develop, and fight their warriors against other players. To compete for in-game prizes, players must enter their Acolyte Warriors into tournaments. Warriors have the best chance of winning if the player develops the best strategy for their unique warrior. It's also possible to earn in-game items for free. Players are rewarded for sharing their knowledge of the Old Gods with the rest of the community. Acolyte Warriors can be obtained from new drops through Taunt Battleworld&rsquo;spartnership with leading marketplace, Magic Eden. Several top combat sports athletes have committed to being featured in Taunt Battleworld. The "Black Magic" Collection, which includes rare playable characters such as Floyd Mayweather Jr, Cris Cyborg, and Andy Ruiz Jr, as well as a selection of other warriors totaling 1,000 pieces, will be available on Magic Eden on January 14th. Find out more about this exciting collection here. $TAUNT Brings In-Game Utility - Free Airdrop The incoming release of $TAUNT is planned for late Q1. Confirmed launchpads include BSCpad, Wepad, and Spores. Stay up to date on the latest with $TAUNT here In addition to the launch of the Black Magic Collection, players can also earn free airdropped tokens by voting for $TAUNT to be a community-based launch on the DAO Maker launchpad from January 10th through 17th. $TAUNT will be used for in-game utility and to power the Taunt Live platform. Players can cast their votes and earn their free tokens here. 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 Pok&eacute;mon Company is taking an Australian crypto game company to court for using characters from the Pok&eacute;mon franchise without permission. The Pok&eacute;mon Company International (TPCi) is suing Pok&eacute;mon Pty Ltd, an Australian company, in the Federal Court of Australia over the advertisement of a new NFT-based Pok&eacute;mon mobile game called Pok&eacute;World, under the name Kotiota Studios. The NFT game lets a player choose a starting Pok&eacute;mon from a selection of Charmander, Pikachu, or Eevee, then allows the player to battle others for resources and $POKESHARD currency. In-game items such as food, clothing, and amulets etc., are minted on the blockchain as NFTs. TPCi claims that Pok&eacute;mon Pty Ltd has falsely advertised itself as a contractor for the Pok&eacute;mon Company and has listed Pok&eacute;mon Scarlet, Pok&eacute;mon Violet, Pok&eacute;mon Home, and the unreleased Pok&eacute;mon Sleep as games it has worked on. TPCi has requested that the court stop Pok&eacute;mon Pty Ltd from using its trademarks on the PokeWorld website and social media, and from launching the game or selling any NFTs using TPCi's intellectual property. The Kotiota Studios team reportedly contacted media outlets to promote their game, which alerted TPCi to the situation. The first hearing for the case took place on December 21st, 2022, with TPCi's legal counsel present but no representatives from Kotiota Studios. Counsel for TPCi stated: &ldquo;The PokeWorld Website advertises a new game &ldquo;brought to you by The Pok&eacute;mon Company International and Kotiota&ldquo;. I understand that Kotiota Studios (Kotiota) is an entity related to the respondents in their business endeavour the subject of these proceedings. On that website, there is a section titled &ldquo;2022-2023 ROADMAP&rdquo; which appears to outline the timeline for the launch of PokeWorld and release of non-fungible tokens (NFTs) related to Pok&eacute;mon characters. A review of that web page indicates that the PokeWorld game will launch in January 2023.&rdquo; The court has stated that TPCi has a strong case and is seeking more information before determining costs or damages. Further legal action may be taken if Pok&eacute;mon Pty Ltd does not respond. 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.

FTX has resumed post-bankruptcy payments to employees worldwide days after they were halted following a chapter 11 bankruptcy filing in the US.

Beleaguered cryptocurrency exchange FTX and affiliated companies have announced the resumption of employee salary payments and benefits. However, the payments will exclude former CEO Sam Bankman-Fried, and other senior executives, including Gary Want, Nishad Singh, and Caroline Ellison. FTX Finally Resumes Salaries And Benefits FTX&rsquo;s new CEO, John Ray III, has announced that the bankrupt exchange will be resuming ordinary payments, salaries, and benefits to its remaining global employees. The announcement was made on the 28th of November as the seasoned insolvency specialist looks to help FTX and its affiliated companies through the bankruptcy proceedings. The new FTX CEO, in his announcement, stated, &ldquo;With the Court&rsquo;s approval of our First Day motions and the work being done on global cash management, I am pleased that the FTX group is resuming ordinary course cash payments of salaries and benefits to our remaining employees around the world. &ldquo;FTX also is making cash payments to selected non-U.S. vendors and service providers where necessary to preserve business operations, subject to the limits approved by the Bankruptcy Court.&rdquo; The announcement by FTX comes after FTX debtors had filed a motion in the Delaware Bankruptcy Court on the 19th of November to pay pre-petition compensation and benefits to employees and contractors. However, the petition excluded payments to former CEO Sam Bankman-Fried, and executives Nishad Singh, Gary Wang, and Caroline Ellison. Relief For Employees The announcement is significant as it means the remaining employees and contractors will receive three weeks&rsquo; pay. The pay was halted after the exchange filed for bankruptcy on the 11th of November. The new CEO acknowledged the hardships imposed on the employees and contractors and thanked them for their patience and support. &ldquo;We recognize the hardship imposed by the temporary interruption in these payments and thank all of our valuable employees and partners for their support.&rdquo; The relief will consist of cash payments owed to employees and workers at FTX trading and around 101 affiliated trading companies since the bankruptcy filing. Additionally, it will also consist of payments to be made to vendors and service providers. Others Still Await The resumption of payments and salaries will only apply to some FTX subsidiaries and other related companies. In the Bahamas, only the employees of FTX Debtors will be eligible to receive any sort of relief. However, those employees working for FTX Digital Markets will not receive any for the moment. This is because FTX Digital Markets are subject to separate liquidation proceedings in the Bahamas, where the cryptocurrency exchange is headquartered. The relief will also not apply to any Australia-based employees and contractors for FTX Australia and its subsidiary, FTX Express. Both are subject to separate bankruptcy proceedings ongoing in Australia. Process Could Take Significant Time FTX had announced on the 22nd of November that it had been granted interim and final approvals for all &ldquo;First Day&rdquo; motions related to its bankruptcy filings. After the announcement, the CEO stated that he hoped the motions would fast-track efforts to reimburse other stakeholders impacted by the collapse, such as users and creditors. The CEO also suggested a potential buyout of FTX assets could benefit stakeholders. However, some insolvency lawyers have warned that the process could take years, given the sheer scale and complexity of FTX and its subsequent collapse. According to documents filed as part of its Chapter 11 bankruptcy proceedings, FTX Trading alone owes $3.1 billion to just its top 50 creditors. 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 payments will exclude former FTX CEO Sam Bankman-Fried, and certain former execs including Gary Wang, Nishad Singh, and Alameda's Caroline Ellison.

Kutee Kitties is a typical collection of non-fungible tokens NFTs, but one with a strong mission&ndash; to save the world from plastic. With such an innovative aim to accomplish, Kutee Kitties will be released in the second week of November. The Kutee Kitty NFT project was born with the awareness of how plastic has pervaded the air, the ground, water and vegetation and so much so that it is now within us too. The project will breathe a new life into plastics polluting the oceans by creating usable items from recycled plastic. About Kutee Kitties The Kutee Kitties collection consists of 10,000 NFTs with over 100+ different traits to create a &lsquo;rare&rsquo; and uber-cool Kutee Kitty. The rare attributes will be depicted in the NFTs metadata and will be displayed with other NFTs featuring that specific attribute.The team members explain in their white paper, &ldquo;Technology has fashioned our world into a global village, and one of the biggest and growing marketplaces in this village is the world of NFTs.&rdquo; Thus, Kutee Kitty's goal is to be something larger and more significant than a simple collection of tokens. Six phases of the Kutee Kitty Project: The first phase includes mining of NFTs at 0.03 ETH and the collection will be launched on the secondary market, OpenSea. With this, the project will also release themed t-shirts made entirely from recycled material. The second phase includes launching of a 3D cats collection with more monetary rewards, travel donations for the holders. Additional batches of t-shirts and hoodies (made from eco-friendly materials) will be released, with 50% of the proceeds going to charity for the cause of conserving our oceans and 50% to the holders. The third phase includes the launching of a YouTube channel, with demonstrations of all the charitable initiatives adopted globally. As the project members embark on a global trip, they will plant many trees. Also, 50% of the channel's proceeds will be donated to charity, while the remaining 50% will be redistributed to holders within the community. The fourth phase includes launching a proprietary e-commerce for sustainable products and/or made with recycled material. The e-commerce will be a passive income system, and will be run using the store's earnings. 20% of the revenues from this e-commerce will be returned to NFT holders every month. The fifth phase includes funding a project called, Kanesis, which will produce novel bioplastics from hemp and other agricultural waste. Perks of Membership: The first 100 members will be whitelisted who have their profile pictures of the Kutee Kitty NFT. Whoever wins their extraction will be gifted ETH. 5 members of the whitelist will get a trip to a natural place paid for by the team. A $ 10,000 CONTEST To win the prize of $10,000 in ETH, participants will have to make a video in which they demonstrate that they have improved the environment by planting a tree, growing flowers, adopting a needy animal, and creatively reusing plastic. 10 lucky winners will be chosen at the end of the contest, and the top reward is $10,000 in ETH!Note: The contest is initially for NFT holders for the first phase, but will be later open to everyone. Mission: The mission of the Kutee Kitty NFT project is to create non-polluting materials, like T-shirts from recycled plastic. The platform will also tap into great investments to create innovative materials. The project attempts to use trashed plastic from land and oceans to create rare and valuable NFTs. Each Kutee Kitty's revenue will be reinvested back into the project to pay for contractors to get rid of junk or plastic remains from the land and seas. The used plastic will then be sent to an expanding network of recycling facilities. The more Kutee Kitties are sold, the more money will be invested in plastic cleanup and recycling initiatives. The project also intends to inspire other projects to come up with such cause-centric long term goals as the project uses self-sustaining strategies with positive and attainable ripple effects. Note that NFT holders will earn 20% of investment revenue in funding any programmer involving environmental preservation. Website: https://kutee-kitty.vercel.app/ Discord: https://jo.my/discordkk Instagram: https://jo.my/igkk Twitter: https://jo.my/twitterkk Sito: https://jo.my/sitokk 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.