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UpToken price, market cap on Coin360 heatmap

UpToken(UP)

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$0.677179
(0.31%)
0.00003990 BTC
Market Cap (Rank#202)
$99,233,915
5,847 BTC
Vol 24h
$44,011
2.593087 BTC
Circulating Supply
146,540,250
Max Supply
?
1h agocryptopotato
FTX Crash Could Affect Every F1 Team, Says Mercedes’ Toto Wolff
"This bankruptcy with a deficit of $8 billion shows how uncontrolled the entire industry is," Wolff stated.
1h agocryptodaily
LBank Exchange Will List WAHED Token (WAHED) on December 5, 2022
INTERNET CITY, DUBAI, 2nd December, 2022, ChainwireLBank Exchange, a global digital asset trading platform, will list WAHED Token (WAHED) on December 5, 2022. For all users of LBank Exchange, the WAHED/USDT trading pair will be officially available for trading at 10:00 UTC on December 5, 2022. As the world’s first investment hub for blockchain businesses in technology, sustainable initiatives, and innovative companies, WAHED is focused on revolutionizing revenue management for the ones looking for investment funding and organizations handling social impact projects. Its native token WAHED Token (WAHED) will be listed on LBank Exchange at 10:00 UTC on December 5, 2022, to further expand its global reach and help it achieve its vision. Introducing WAHED Start-ups need capital, and owing to no credit history, acquiring traditional bank loans remains a challenge for new small businesses even to this day. WAHED is the solution to the hassle of funding for technology startups and eco-friendly and sustainability-oriented startups, and works towards offering a world of transparency, which is built on trust. Driven by the power of blockchain, WAHED streamlines a decentralized ecosystem of fund generation with its six core components, including token, portals, projects management, NFT marketplace, crypto exchange, and foundation. All six components provide smart solutions to associate partners, helping them generate funds seamlessly and incentivize WAHED’s ecosystem as a whole. The ecosystem of WAHED allows organizations to leverage funding from blockchain-based solutions. The token-based economy system of WAHED will help in generating returns that will be reinvested into the capital generation stream, creating a community-generated revenue stream that is distributed amongst all partners to establish equitable profit sharing. WAHED’s leadership team is composed of passionate philanthropists with expertise in entrepreneurship, blockchain technology, and project management. Over the years they have worked with various NGOs and charitable organizations in the Middle East, Europe, and Southeast Asia. Team members including the chairman Shaikh Abdulla Bin Ahmed Bin Salman AlKhalifa, vice chairman Eng. Abdulrahman Bin Ahmed Al Abdulkader, board member Sergio Torromino and Salvatore Nicotra, business development director Eng. Anas Mahmood, finance director Khalid Mustafa Jalili, strategy director Eng. Muath Abdulrahman Al Abdulkader, technology & operations director Migin Vincent, worldwide marketing director Ahmad Fayadh, sharia consultant Prof. Dr. Muwaffaq AlDulaimi, media advisor Ebrahim Alnaham, senior PR & communications officer Farah Asad Abuzzait, and head of administration Tariq Mohamed Hassan are the building blocks of WAHED that work towards achieving the aim of partnering with new high growth innovative technology ventures and make this world a healthy space for tech-based startups. Partnerships, Grant Campaign, and More Building partnerships is an essential part of WAHED project’s future development. In addition to supporting human welfare and philanthropic initiatives, WAHED focuses on collaborating with environmental welfare initiatives and wildlife protection & animal welfare projects. WAHED recently announced its partnership with logistics specialists TASAWUQ. Currently operational in Riyadh, Jeddah, and Dammam, TASAWUQ made the growing global demand for same-day delivery a reality in Saudi Arabia’s largest cities. By partnering with the blockchain specialists at WAHED, the advantages of TASAWUQ’s cloud technology and extensive partner network will be scaled for the rest of the Kingdom to experience. WAHED also built Partnerships with The Creator’s Group and EnterMed. The partnerships stand to provide a range of benefits that will undoubtedly elevate the experience and cost savings of the end users. By utilizing blockchain as a tool to promote efficiency and transparency, WAHED aims to raise the bar on how businesses can be conducted, and how lives can be improved. In addition, WAHED will be hosting their Grants Program on Questbook, to provide equity-free grants and support the buidlers and help them grow, while striking a long-lasting strategic partnership to nurture them. As WAHED build partnerships and grow with the communities, it will be shifting towards an autonomous governance body. Once active, WAHED team will propose pre-listed activities for the community to vote on. WAHED believes in keeping things crystal clear and all its partners can enjoy transparency with all funding activity and project progress as it produces measurable performance metrics while leveraging blockchain ledger technology. Additionally, WAHED has also held a campaign where participants can pitch in their best business ideas for a grant worth 25K USDT. This campaign helped Web3 entrepreneurs get access to funds in an alternative and more approachable way, allowing them to build their dreams without worrying about the capital. Focused on revolutionizing revenue management for the ones looking for investment funding and organizations handling social impact projects, WAHED extends full support to the ones who want to pave the way for global welfare and human economic development. The amount raised in WAHED seed round sold for private investors reached up to $500,000 and the tokens will be locked for one year and after that only 5% can be withdrawn every month. About WAHED Token As the native utility token of the WAHED project, WAHED token fuels the entire ecosystem by acting as the medium for economic exchange and solving core issues like transparency and lack of trust. WAHED tokens will be used for investment in the new, high-growth innovative technology start-ups. It will also be allocated to various NGOs, and periodically, these tokens will be sold in the market and the money will be released to the NGO. Investing in WAHED tokens will offer participants great wealth-building opportunities. Investors can make a strong investment portfolio and can benefit from the increase in its value. The WAHED token will be listed on LBank Exchange at 10:00 UTC on December 5, 2022. This listing will undoubtedly help it further expand its business and draw more attention in the market. Learn More about WAHED Token: Official Website: https://wahedprojects.org/ Discord: https://discord.gg/YGDBk9UbmN Twitter: https://twitter.com/wahedprojects Instagram: https://instagram.com/wahedprojectscoin Facebook: https://www.facebook.com/wahedprojects About LBank LBank is one of the top crypto exchanges, established in 2015. It offers specialized financial derivatives, expert asset management services, and safe crypto trading to its users. The platform holds over 7 million users from more than 210 regions across the world. LBank is a cutting-edge growing platform that ensures the integrity of users' funds and aims to contribute the global adoption of cryptocurrencies. Start Trading Now: lbank.com Community & Social Media: Telegram l Twitter l Facebook l LinkedIn l Instagram l YouTube ContactLBK Blockchain Co. LimitedLBank [email protected]@lbank.info
1h agozycrypto
Crypto Whales Are Super Bullish On XRP As The Ripple vs SEC Case Nears Long-Awaited End
Large investors are bullish on XRP as the Ripple vs SEC case nears its conclusion.
1h agocryptodaily
Inside LBank’s Exquisite Afterparty at DCENTRAL Miami
INTERNET CITY, DUBAI, 2nd December, 2022, ChainwireLBank, a global crypto exchange, hosted an ‘LBank & Crypto Friends’ afterparty alongside the Web3 conference DCENTRAL Miami. LBank was proud to host more than 200 guests from all layers of the industry. This was LBank’s second event in Miami after exhibiting at the Bitcoin 2022 conference earlier this year. ‘LBank & Crypto Friends’, hosted on November 28th, served as a buffer between conference days, giving many attendees a chance to unwind after an intense day. A diverse crowd stopped over for the laid-back event, including Web3 entrepreneurs, investors, crypto enthusiasts, and more. “I met a lot of interesting people here. It was good to meet with LBank’s team in person and discuss our partnerships and potential collaborations,” a guest at the afterparty said. DCENTRAL Miami, the most significant Web3 conference in the industry, hosted a large group of attendees this year and many industry-leading speakers. LBank was thrilled to be a part of this exciting event, celebrating crypto with some of the most talented minds in the industry. This year’s DCENTRAL Miami focuses on creating an “inclusive space for the entire Web3 and NFT community to foster a shared learning environment.” LBank regards innovation, integration, and professionalism as the company's three fundamental values and goals. “We are glad to have found more people who are aligned with our values and hope that together we can shape crypto into a more harmonious, inclusive space,” a representative from LBank stated. Education has been a major focal point for LBank, especially in developing markets such as the MENA region and the Asia Pacific. DCENTRAL has announced Vietnam for its next event location, the first time the conference will be hosted in Asia. “We hope that more crypto events in regions such as Southeast Asia will help with a broader adoption of crypto and more awareness of the powers of blockchain technology,” an LBank representative told us. About LBank LBank, founded in 2015, is an innovative global trading platform for various crypto assets. The exchange provides its users with safe crypto trading, specialized financial derivatives, and professional asset management services. It has become one of the most popular and trusted crypto trading platforms, with over 7 million users from more than 210 regions around the world. DISCLAIMER: LBank has not established an official presence in the United States. Start Trading Now: lbank.info Community & Social Media: Telegram l Twitter l Facebook l Linkedin Press contact: [email protected] ExchangeLBK Blockchain Co. [email protected]
1h agocointelegraph
3AC bankruptcy process faces challenges amid unknown whereabouts of founders
The liquidators claim Zhu Su and Kyle Davies are located in Indonesia and the Emirates, where foreign court orders are difficult to enforce.
1h agocryptodaily
What is the future for privacy coins?
A leaked EU proposal to restrict privacy enhancing coins could be a serious worry for this crypto niche. With regulators seemingly on the warpath against any form of monetary privacy, things do not look good for privacy projects. TornadoCash is one example of harsh law enforcement whereby a developer for the project has ended up facing jail time just for writing some of the code. Why privacy-enhancing coins? The blockchain is by definition completely public and transparent. Every transaction that is made is stored forever and anybody can see which wallet it is sent from and which wallet received it. However, in spite of the advantages of transparency, these come with the disadvantage that every single transaction made by someone can be transparently viewed - no matter how private or potentially embarrassing it might be. Those viewing your transactions could be anyone, including your boss who knows your salary history to the exact dollar - pretty disadvantageous for your next salary negotiation. Or how about nefarious actors? Fraudsters, thieves and any other criminals would be able to see how much you are worth and if it’s worthwhile kidnapping you in order to extract your private keys to the wallets you own. The long and short of it is that blockchain technology is not going to be used if this means that people’s financial history is made public. Therefore, this is where privacy-enhancing coins come in. There are various ways in which these work. Some utilise mixers that jumble transactions in order to conceal the wallet identities of the senders and receivers. Cryptographic technologies such as zero-knowledge proofs, homomorphic encryption, and multiparty computation are used to obfuscate the data and make it impossible for any third party to unravel. Why the EU would want to ban privacy-enhancing coins Privacy-enhancing technology is extremely complex and it could easily be imagined that regulators just wouldn’t have the technical know-how with which to grasp and fully understand everything, let alone be able to competently lay out regulations that can keep up with such a fast-moving technological space. The EU view will likely be that privacy-enhancing coins will make it far more difficult to uncover their potential use for money laundering and other illegal activities. The leaked EU proposal The part of the leaked draft that is causing some consternation in crypto circles is the following: “Credit institutions, financial institutions, and crypto-asset service providers shall be prohibited from keeping …anonymity-enhancing coins” This is suggesting that centralised exchanges etc. will not be able to list privacy-enhancing coins. The leaked draft also includes that no transaction over 1000 EUR can remain private. KYC would even be required for amounts under 1000 EUR. This would appear to open the door to a complete restriction on user privacy, and would potentially leave their details open to being doxxed. Dusk Network - privacy with full regulatory compliance The goal for Dusk Network is user privacy for transactions while simultaneously remaining compliant with regulations. Dusk highlights that “privacy is an inalienable right, formally enshrined in the Charter of Fundamental Rights here in the EU”. Dusk also posits that in order to comply with EU GDPR rules, all user data stored on the blockchain must have a proper level of privacy built in, which Dusk provides. The Dusk zero-knowledge proof technology builds in compliance at the core level. The protocol is being developed with KYC for DeFi as an absolute requirement, meaning that users remain compliant as they transact. For example, if the user tries to transact, knowingly or unknowingly, with persons in a sanctioned country, the code will not allow the transaction. Dusk Network is well aware that the regulatory environment is constantly shifting, and for that reason it is constantly monitoring the situation. However, it believes that it has the solution to the problem as explained in a Dusk blog post on the matter: “Auditors are able to ensure that what is happening on our network complies to the regulations, in addition to compliance being built in from the core. If you’re not allowed to turn left, there is simply no option to turn left. You don’t need to monitor that people aren’t turning left, as it were. Institutions are able to use our technology without fears of being penalized as we are compliant with the rules, and users are able to have a system that gives them control over their assets, the chance to use them outside of the crypto sandbox, without having to air their dirty laundry for all to see.” Dusk Network is optimistic for a privacy future that includes regulated DeFi. It also holds the belief that traditional finance needs to merge with blockchain and decentralisation in order to bring a better, faster and more innovative system that can adapt to the modern world that we live in. 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.
3h agocointelegraph
Legal team for 3AC liquidators blast founders for shifting blame to FTX, media blitz amid bankruptcy
In a bankruptcy court hearing, lawyers for 3AC creditors asserted the firm's founders "repeatedly fail to engage" with liquidators, but weren't shy about talking to the media.
4h agocryptodaily
CFTC Chair Flips On Ethereum
The Chairman of the Commodity Futures Trading Commission (CFTC), Rostin Behnam, has changed his stance on Ethereum being a commodity. “Only BTC Is Commodity” During an exclusive crypto event, CFTC Chair Rostin Behnam reportedly stated that only one crypto in the market could be counted as a commodity, which is Bitcoin. However, this statement represents a complete reversal in stance regarding altcoins like Ethereum. The CFTC had previously stated that both Bitcoin and Ethereum were commodities and not securities, making them fall under the CFTC’s jurisdiction. However, the recent claim that only Bitcoin is a commodity leaves Ethereum out of the regulatory body's jurisdiction. FTX Crash Changed Approach Behnam made his recent comments while speaking about the regulatory landscape and the changes to be adopted in light of the FTX bankruptcy case at the invite-only crypto event hosted by Princeton University this past Wednesday. The event earlier had booked the former CEO of the bankrupt FTX exchange, Sam Bankman-Fried. However, he was replaced, and the time slot was instead filled with a panel titled “The Demise of FTX and Other Crypto Entities: Lessons Learned,” where Behnam spoke. CFTC Previously Held Different Views Behnam claims that the CFTC was working with SBF to develop the Digital Commodities Consumer Protection Act (DCCPA) before the FTX crash happened. The bill sought to expand CFTC authority to regulate markets for “digital commodities” and explicitly classify both Bitcoin and Ether as commodities. Back in September, Behnam had even testified to the Senate about the act, saying, “Many digital assets constitute commodities. As recognized by the DCCPA, the CFTC’s expertise and experience make it the right regulator for the digital asset commodity market.” This earlier viewpoint was in direct contrast with that of SEC chief Gary Gensler, who generally hinted that most cryptocurrencies are securities. CFTC Leaves ETH Hanging However, Behnam’s recent change of mind will fit in more with Gensler’s approach toward these assets. If Ethereum and other cryptos are classified as securities instead of commodities, they will fall under the jurisdiction of the SEC, which has much harsher regulatory methods than the CFTC. Behnam also called for tighter regulations, especially in the wake of the billions of dollars of losses stemming from the FTX collapse. Since CFTC is limited in its enforcement actions across the assets under its jurisdiction, he believes that it will not be the appropriate watchdog to be appointed in the case of most cryptocurrencies. Behnam believes nothing could be worse than regulators doing nothing, stating that “inaction is paralysis.” 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.
4h agocryptodaily
Bitcoin Price Analysis: Action at 16879 - 3 December 2022
BTC/USD Seeks Further Upward Momentum: Sally Ho’s Technical Analysis – 3 December 2022 Bitcoin (BTC/USD) worked to retain gains early in the Asian session as the pair traded as high as the 17317.80 area before ceding some gains and testing the 16879 area multiple times, a level that represents the 23.6% retracement of the appreciating range from 15460 to 17317.80. Additional downside retracement levels in this appreciating range include the 16608, 16388, 16169, 15898, and 15857 levels. Traders are monitoring upside areas of potential technical resistance and selling pressure including the 17791, 18495, 19199, 20070, and 20201 levels. If recent upside momentum reverses, traders may test recent two-year lows around the 15460 level established after Stops were elected below the 15512 area, a previous relative low that represented an exact bearish price objective based on selling pressure that strengthened around the 21478.80 and 18495.50 areas. Associated downside price objectives below current price activity include the 13369, 8837, and 7538 levels. Technicians continue to eye the 14500.15 and 10432.73 areas as major downside targets, and additional downside price objectives include the 14613, 10727, and 9682 levels, areas that are related to selling pressure that intensified around the 20894.96 and 18495.50 areas. Traders areobservingthat the50-bar MA (4-hourly)isbearishly indicating below the 200-bar MA (4-hourly)andabove the100-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bullishly indicating above the 100-bar MA (hourly) and above the 200-bar MA (hourly). Price activity is nearest the50-bar MA(4-hourly) at 16631.97 and the50-bar MA(Hourly) at 16997.63. Technical Supportis expected around14500.15/ 13369.11/ 10727.75 withStopsexpected below. Technical Resistanceis expected around18495.40/ 19199.48/ 20070.64 withStopsexpected above. On4-Hourlychart,SlowKis Bearishly below SlowDwhileMACDis Bearishly below 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.
5h agocoindesk
Alameda Research Shouldered FTX Loss of Up to $1B Following Client's Leveraged Trade in 2021: FT
Alameda Research bore the brunt of a $1 billion loss incurred by its sister firm FTX after a leveraged trade on the now bankrupt crypto exchange backfired early last year, the Financial Times reported Friday.
5h agocryptosrus
Animoca creates billion-dollar metaverse fund for developers
The GameFi champion and metaverse developer Animoca Brands has a billion-dollar fund in its plans, according to a report from Nikkei Asia on Nov. 30. Animoca Brands’ co-founder Yat Siu said in an interview that the fund could potentially have up to $2 billion dollars to allot to mid to late-stage startups with a metaverse […] The post Animoca creates billion-dollar metaverse fund for developers appeared first on CryptosRus.
5h agocryptodaily
Coinbase Removes NFT Transfers From iOS Wallet
Coinbase has revealed that it disabled NFT transfers on the iOS wallet due to Apple’s app store policies. Apple Blocks Latest Coinbase Updates Coinbase pointed fingers at Apple, claiming that its app store policies forced the crypto firm to remove NFT transfers from the Wallet app on iOS. As a result, iPhone users will not be able to access the Coinbase platform to trade NFTs anymore. The crypto company tweeted on Thursday that Apple has blocked its latest app release since it wanted a significant share in the transaction fees. Apple refused to unblock the app update unless the NFT trading tool was removed. The Twitter thread from Coinbase starts off with, “You might have noticed you can't send NFTs on Coinbase Wallet iOS anymore. This is because Apple blocked our last app release until we disabled the feature.” Apple Demands Cut Of Gas Fees According to Coinbase, the tech giant demanded that all NFT transactions be facilitated through its in-app purchasing system, which would give them a 30% cut. Coinbase has pointed out that meeting such demands would have been impossible, primarily because the in-app system does not support crypto payments. Since any transaction on the Ethereum blockchain (used by most NFT projects) incurs a fee collected entirely in cryptocurrency, it would not be possible for Apple to collect a cut. The team tweeted, “For anyone who understands how NFTs and blockchains work, this is clearly not possible. Apple’s proprietary In-App Purchase system does not support crypto so we couldn’t comply even if we tried.” Coinbase Appeals To Apple Coinbase launched its NFT marketplace back in May 2022. In the recent tiff with Apple, the crypto company claims to have been forced to remove the wallet function from the iPhone app. The Coinbase team has compared the situation to if Apple tried to take a cut out of every single email sent across open internet protocols. They also pointed out that iPhone users will have a harder time transferring their NFTs to other wallets. The team also appealed to Apple, asking for further conversation on the matter. However, in one of their tweets, they claimed that the tech company was prioritizing profits over consumer service. “Simply put, Apple has introduced new policies to protect their profits at the expense of consumer investment in NFTs and developer innovation across the crypto ecosystem…We hope this is an oversight on Apple’s behalf and an inflection point for further conversations with the ecosystem.” Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
5h agocoindesk
Facebook Parent Meta Dips Toe Back Into Policy Circles to Boost Metaverse
After Meta Platforms (META) famously riled up U.S. regulators with Facebook’s abortive stablecoin initiative, the company is back with an effort to influence digital policy – this time for the metaverse – but it’s charting a less aggressive course.
6h agocryptodaily
Investors Prefer Flasko (FLSK) Presale To Filecoin (FIL) and Shiba Inu (SHIB)
People who are interested in cryptocurrencies often seek the best investing opportunities. However, during the current bad market, investors should be aware that the high profits formerly offered by several cryptocurrencies have diminished. Investors in Filecoin (FIL) and Shiba Inu (SHIB) should be aware of the decline in the prices of these cryptos, while Flasko appears to be an amazing investment for 2023. Whales Are Manipulating Shiba Inu (SHIB) Prices Shiba Inu (SHIB) is trading at $0.000009119, which is extremely low from its peak of 0.00005 on May 10, 2021. However, on-chain research shows that greater whale behaviors this week are the sole explanation for its recent spike. Experts have seen a clustering of "whale trades," or transactions exceeding $1 million, in the last 48 hours. Adding $22 million in Shiba Inu (SHIB) to one wallet makes its owner the sixth-largest SHIB holder. Meme coin values might hit $0.0000150 if whale activity keeps up at the current rate. However, a pullback to $0.00000090 is likely if these large investors decide to sell early. Analysts have recommended that investors cash out their Shiba Inu (SHIB) holdings while still relatively inexpensive. Filecoin (FIL) investors cashing out for Flasko (FLSK) Filecoin (FIL) is a blockchain-based cryptocurrency designed to be used as a decentralized data storage system. Filecoin (FIL)’s decentralized design makes it impossible to censor data while making it simple to recover. Filecoin (FIL) empowers users to decide who has access to their files while increasing global connectivity. Block rewards for data mining and storage on the Filecoin (FIL) network encourage members to save more data and to behave honestly. Investors are fleeing Filecoin (FIL) in favor of Flasko partly because the cryptocurrency's current price of roughly $5.5 is far lower than anticipated. The Pre-Sale of Flasko (FLSK) Has Been a Great Success The Flasko team is creating a new investment opportunity for cryptocurrency traders and investors: NFTs backed by the real-world inventory of exquisite wines, whiskeys, and champagnes. Investors need to think about the prospect of low-cost new projects like Flasko. Not only have experts predicted that investing in these modern processes would result in greater profits, but doing so would also provide investors with exposure to the rapidly growing rare wine, whiskey, and champagne industry, which is now valued at an estimated $1.4 trillion. Security is a major issue when a new crypto venture is concerned, which is why Solid Proof has completed its audit of Flasko and deemed it extremely safe, with a liquidity lock of 33 years on Flasko tokens. Flasko tokens only cost $0.099 because it is still in their presale, which won’t be for long as crypto analysts have predicted a 5,000% increment in Flasko’s worth by next year. Check out the links below to learn more. Website: https://flasko.io Presale: https://presale.flasko.io Telegram: https://t.me/flaskoio Twitter: https://twitter.com/flasko_io 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.
6h agocryptodaily
10x Possible In A Bear Market? Check Out Hedera (HBAR) and Plona (PLON)
A bear market is an uncertain time for everyone in the crypto space. Nobody can accurately predict when a red market will end or how long major coins will take to bounce back. However, some coins rack up solid gains in a bear market, giving investors some compensation for their heavy losses. Two such coins are Hedera (HBAR) and Plona (PLON). Hedera is a decentralised network that claims to be 10x faster than other blockchain alternatives. It saves the planet with a negative carbon footprint and has affordable gas fees. Hedera’s (HBAR) price action was over 10% gains in 7 days at the time of writing, while Bitcoin(BTC) is still at a loss. In fact, Hedera (HBAR) could be considered bullish at this point after being relatively stable throughout most of September. Considering this coin’s influential governing council and distinct utility, it can go much higher even in a bear market. But Plona (PLON) seems like a token with a greater potential to outdo strong coins like Hedera (HBAR). Plona (PLON) is one coin that could explode and supersede current market conditions. An ERC-20 token on the Ethereum blockchain changes how people will own luxury cars starting now. Why wait to save up for years when you can hold part of a luxury car as an NFT? Plona(PLON) makes this possible through its native token, PLON. When more people realise this coin's utility, they will want to get a piece of the action, which could lead to a price surge as it appreciates in value. Another reason a token like Plona (PLON) is poised to do well in a bear market is its deflationary model. A deflationary model means the token’s supply is reduced through burning, which helps the price increase. Here, the token will be burnt with every order on it. Binance Coin (BNB) is another deflationary coin. Its price has grown since its launch, partially due to this model. The final and probably the best reason Plona (PLON) could do 10x or even 20x in this market is that it is currently on presale. Any solid crypto investor knows presale coins are usually the juiciest because they are just launching. You can join the Plona (PLON) presale party today and buy into this token before its price shoots up astronomically. Today, it is not even up to a dollar. Who knows what its price will be in a few months? You want to be on the winning team when the coin finally starts to pay off. Presale: https://buy.plona.io Website: https://plona.io Twitter: https://twitter.com/plonatoken Telegram: https://t.me/plonatoken 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.
6h agocryptodaily
Are Non-Custodial Platforms the Only Means of Connecting Your Crypto with Fiat?
The top three crypto exchanges today, Binance, Coinbase, and Kraken, traded a combined $12.3 billion in cryptos during the last 24 hours at the time of writing. That is a significant volume of assets. Chances are you might be on one of these or a plethora of others that serve millions of traders and holders around the world. These exchanges play a crucial part in the crypto-fiat on and off-ramping, acting as a bridge between the two worlds. There is nothing wrong with it though. However, it is the nature of the technology behind these exchanges that is the point of the discussion. Centralized and custodial in nature, they go against the very nature of decentralized cryptocurrencies. Understandably, you would avoid using centralized platforms if you are a die-hard supporter of cryptocurrencies. It wouldn’t be difficult at all since there are several DeFi and DEX services available where you can swap, lend, borrow or stake your assets, without the need for any intermediaries. After all, that’s the whole concept of DeFi. But in a parallel, disconnected world of DeFi, you will find you have no other option but to head to a centralized service if you need to buy or sell your assets using fiat. This is a crucial service that centralized entities provide, enabling on and off ramping. Centralized wallets and exchanges also do more than that. With all the complex crypto movements, handling different tokens, switching between blockchain networks and other functionalities done by these services, many crypto users feel it easier to do use these. Yet, with all their great services, custodial services require users to hand over their assets to the platforms. Non-transparent, these services are then free to use the funds as they please without even informing the true asset owners. When the time comes, these services may not be able to return the tokens. No wonder that trust in centralized services is at an all time low. This brings us back to the original dilemma. Private wallets, though more secure and (of course), giving you full control of your assets, cannot help you liquidate your tokens. A catch-22, this forces people to keep coming back to central services, no matter how reluctant they may be. True, one can find several wallet services online today that support fiat conversions, even going as far as to offer debit cards that can be preloaded with cryptos and fiat to spend anywhere. But a little digging always reflects that these wallets are eventually custodial and therefore, centralized. But in our search, we found an exception. A private wallet that does not have any centralized features and offers the same flexibility of on and off ramping like exchanges and other conversion services. OWNR offers a non-custodial wallet to its users, while letting them buy and sell cryptos using their traditional bank cards. Like its centralized counterparts, OWNR does offer multi token storage (albeit limited to only 10 different assets at the moment) and but supports buy and sell with over 60 fiat. With its own VISA powered prepaid card, the decentralized wallet service has the same great ease of spending cryptocurrencies that industry titans like Binance do, but of course without any custodial issues. The wallet is also expanding at the institutional level, with an affiliate program and an API to allow other platforms to integrate crypto exchange services. Another aspect (something that many other competitors lack) is the regulatory compliance OWNR Wallet has. Registered across 6 jurisdictions, OWNR ensures its 400,000+ users that it complies with all KYC and AML rules. While we believe OWNR seems to have the right blend of decentralized and fiat services, it still has a long way to go. Compliance within more jurisdictions can help solidify its position. Offering increasedsupport for cryptocurrencies and fiat, is something worth considering. 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.
6h agocryptodaily
Italy Considers 26% Tax on Crypto from 2023
Italy will become the latest country to introduce a capital gains tax regime on cryptocurrencies. The new law which becomes applicable in 2023, will impose a 26% capital gains tax on crypto profits and will require crypto holders to disclose current holdings and pay a 14% tax on any such holdings. According to reports by Bloomberg, Italy will become the newest European nation to take advantage of the digital trading scene. In the provision budget for 2023, proposed by the right-wing government led by Prime Minister Giorgia Meloni, a 26% tax will be imposed on capital gains exceeding €2,000 ($2,062) made from trading crypto. Prior to this, cryptocurrencies were treated in the same way as foreign currency by the country’s tax regime. Italy’s ruling coalition, elected in September, also offers taxpayers the option to declare the value of their crypto assets as of January 1, 2023, to which they will be taxed at a 14% rate. The goal of the new tax regime is to stimulate Italian taxpayers to disclose their crypto holdings in their tax regime. The proposed law, which may still be amended in parliaments, will also include disclosure obligations and extends stamp duty to cryptocurrencies. Bloomberg’s report further states that around 1.3 million Italians, or 2.3% of the population, own digital assets. In comparison, in the United Kingdom, 5% of the population owns crypto assets, while 3.3% do in France. Meloni, the country’s first female head of the executive branch of power and leader of the far-right Brother of Italy party, previously campaigned for lower taxes. The Prime Minister’s new, stricter, approach to crypto assets comes as Portugal, one of the European Union’s most pro-crypto regions, revealed in October its plans to tax short-term crypto profits at 28%. The new tax plans come amid a time when a prolonged market crisis precipitated the collapse of many large crypto platforms. The fall of these firms and a wave of bankruptcy that has swept through the market, including the most recent collapse of crypto exchange FTX, have regulators globally increased their scrutiny of the nascent asset class. 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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About UpToken

The live price of UpToken (UP) today is 0.677179 USD, and with the current circulating supply of UpToken at 146,540,250 UP, its market capitalization stands at 99,233,915 USD. In the last 24 hours UP price has moved 0.00004 USD or 0.00% while 42,821 USD worth of UP has been traded on various exchanges. The current valuation of UP puts it at #202 in cryptocurrency rankings based on market capitalization.

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UpToken Price0.677179 USD
Market Rank#202
Market Cap99,233,915 USD
24h Volume44,011 USD
Circulating Supply146,540,250 UP
Max SupplyNo Data
Yesterday's Market Cap98,085,480 USD
Yesterday's Open / Close0.669302 USD / 0.669342 USD
Yesterday's High / Low0.68204 USD / 0.66881 USD
Yesterday's Change
0.00% ( 0.00004 USD )
Yesterday's Volume42,821.42 USD
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