3 days ago • cryptodaily
LBank Labs Reveals Novel Investment Strategy to Identify Promising Blockchain Startups
INTERNET CITY, DUBAI, 30th January, 2023, ChainwireVenture capital and blockchain accelerator LBank Labs has revealed the unorthodox strategy that guides its investment decisions. The investment arm of LBank Exchange was established with a 100 million USDT fund in late 2022. According to LBank Labs, its investment thesis can be summarized as “Platform, Standard, Ecosystem.”
Since being spun out of LBank in October with a $100 million treasury, LBank Labs has been scouting for viable blockchain startups, entrepreneurs, and communities to finance in order to facilitate wider blockchain growth and crypto adoption.
Czhang Lin, angel investor and key member of the LBank Labs board, has disclosed that the crypto VC will roll with the slogan “The Other Angle,” explaining: “It embodies our vision concerning the industry and blockchain investment. We come equipped with a different outlook for identifying promising projects and the entire ecosystem as a whole.”
Labs’ unique investing thesis, also known as the “Platform, Standard, Ecosystem” proposition, diverges with traditional views on the blockchain industry. These typically divide the space into either a tech-centered paradigm (layers), supply-chain fields (mining, exchanges, financial products, media), or sectors (DeFi, GameFi, NFTs).
According to Czhang Lin: “True extraction of value lies in startups that have the potential to deliver a game-changing platform and establish an industry or legal standard and that can bloom into a lively ecosystem hosting third-party applications. Such platforms should include a web3 ideology fit for open collaboration, where users and projects can interact quickly.”
The crypto pioneer believes that during future bull runs, smart money will flow to startups who manage to tick these cross-sector boxes within the industry. Besides venture capitalism, LBank Labs will also commit to increasing educational awareness around blockchain tech, cryptocurrencies, and DeFi in general. On January 13, the blockchain research department of the Seoul-based Chung-Ang university signed a MoU with LBank on blockchain cooperation. Budding researchers and entrepreneurs will be able to intern at the exchange and gain access to incubation for their startups.
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:
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9 days ago • cryptodaily
Yesports Partners with 30+ World Class Web3 Games to Announce "Convergence 2023" — The Largest Digital Web3 Gaming to Esports Conference
New York, United States of America, 23rd January, 2023, ChainwireYesports.gg, the leading gateway for web3 gamers and esports fans, announced today that registration is now open for the highly-anticipated "Convergence 2023" event.
The largest digital web3 gaming to esports conference, hosted by Yesports founder Sebastian Quinn, will take place over three days and features founders from 35 of the top web3 games, including; ZedRun, Decentral Games, Planet IX, Fabwelt | Arsenal, Exiled Racers, Undead Blocks, Metalcore, and Shatterpoint. This unique digital conference will also feature 3 leading global esports founders from The Alliance, Talon, and Infinity.
"We're thrilled to announce the launch of the Convergence event and the opportunity it opens up for gamers and esports fans to engage in an exciting topic of conversation — the merging of web3 gaming and esports," said Sebastian Quinn, Founder of Yesports. “The Convergence 2023 also marks the first step towards announcing Yesports’ web3 gaming and esports Collectibles Marketplace, where we will continue to bring the Convergence vision to life.”
Convergence 2023 will be split over three separate days and will consist of three main talk tracks delving deeper into innovative web2 to web3 onboarding, opportunities and challenges faced by games & esports teams, and finally — exciting web3 gaming “Mini Tank Pitches”. Attendees will also have the opportunity to hear from both leading esports and web3 gaming founders who are looked upon as pioneers in the space.
"We are excited to bring this first-of-its-kind and very necessary event to the community. We can't wait to see the impact it has on driving more esports fans and web2 gamers into web3" said Sebastian Quinn, CEO of Yesports.
For more information and to register for the event, visit yesports.gg/convergence | twitter.com/Yesports_gg
About Yesports
Yesports is the leading gateway for esports fans and gamers to onboard into web3 via its extensive esports & web3 products and partner network. The company has positioned itself as the go-to platform for more than 30+ million esports fans and gamers looking for frictionless access to a wide range of top-tier web3 titles.
ContactMarketing ManagerMatt [email protected]s.gg
13 days ago • cryptodaily
NFT Collection Looki Price, Stats, and Review
https://www.looki.games/, the Galaxy Forger, is one of the oldest celestial creatures in existence. His will is responsible for the creation of countless stars, constellations, and planets, including Moon and Mars, or usm.world.
Total supply: ≤ 10k.
The total number of owners has reached 1019.
NFT Collection Looki Price and Sales
The market capitalization of Looki NFT collection is 5,797.70 ETH. For all time, 2,795 collections sales were made at an average price of 1.37 ETH (~$2,106.03 at the time of writing). This created a total volume in 3,842.580 ETH. The floor price of Looki is 0.6 and the 30-day trading volume is kept at 78.24 ETH. The payment tokens of the Looki collection are ETH, WETH.
Looki traits list
Background
Green 586
Celadon 637
Clay 523
Butter 506
Brown 591
Gold 667
Blue 578
Aqua 601
Earth 606
Ash 616
Grey 592
Caramel 598
Pink 573
Purple 553
Atlantic 553
Skin
Dark order purple 82
Cyclops brown 104
Wukong red 91
Beast purple 86
Super villan purple 110
Cyber green 99
Legend blue 83
Beast yellow streak 103
Dark order yellow 80
Spiritwalker white 95
Guardian white 96
Warden green 109
Warrior black 95
Ripper red 114
Jackal lime and purple 119
Nightmare blue 99
Lord white 103
King kong purple 112
Mutant blue 71
Lynx two color 112
Master white 77
Nightmare green 88
Eternal lime 94
Galaxy forger red 101
Dragon aqua 114
Third eye yellow 82
Elite aqua 92
Mystic pink 91
Na'vi red 95
Predator green 101
Warrior lime 84
Beast green 91
Kitsune neon 95
Warden pink 85
Ghostwater blue 68
African tribe green 82
African tribe purple 114
Lynx blue 108
Jackal lime 97
Predator red 113
Galaxy forger green 108
Glorious yellow 77
Eternal aqua 88
Lucha green 91
Demon king 100
Spiritwalker orange 92
Sakura(satoshi) 50
African tribe blue 97
Ripper purple 117
Super villan green 120
Wukong teeth 111
Super villan red 99
King kong yellow 87
Tiger green 81
Kitsune white 98
Supernatural purple 108
Shaman pink 79
Journeyman green 101
Ghostwater 36
Goddess pink 66
Spiritwalker green 111
Dragon cream 96
Mystic orange 76
Mage white 96
Divergent 93
Trickster gradient 101
Prophet green 102
Mage black 105
Cyber purple 126
Tiger red 75
Eater of worlds orange 90
Na'vi blue 95
Supernatural orange 118
African tribe pink 93
Lucha purple 84
Blossom 114
Electric 102
Elite orange 105
Wukong multicolor 100
Tiger red streak 89
Cyclops blue 115
Lord black 101
King kong mint 80
Eater of worlds green 96
Shaman black 82
Third eye blue 106
Wukong blue 114
Prophet lime 100
Elite red 95
Nature 77
Quantum white 103
Quantum black 99
Clothes
Green camouflage hoodie 194
Bright brown shirt 131
Black tee 98
Green checker coat 133
Vest 72
Pink striped jersey 87
Yellow dot down coat 49
Brown suede vest 33
Gray jersey 49
Looki print shirt 132
Green stripe jersey 153
Black vest 77
Fur coat red flame 193
Black white suit 35
Green down coat 160
Basketball jersey 233
Purple tee 245
Brown wide collar shirt 112
Stripe wide collar shirt 134
Red striped jersey 172
Gray down coat 182
Brown fetish 115
Red letter vest 82
Multicolour checker collar shirt 165
Brown gradient coat 89
Purple down coat 164
Blue checker kimono 130
Orange v-neck jersey 136
Blue stripe vest 102
Gray plaid shirt 90
Gold down coat 195
Roll neck sweater 45
Black jacket 76
Grey letter kimono 85
Fetish 189
Sky blue shirt 114
Light gray vest 33
Black velvet suit 152
Yellow ukiyoe kimono 45
Purple checker coat 81
Gold shirt 174
Black checker coat 119
Navy blue shirt 180
Multicolour down coat 216
Grape purple bathrobe 93
Blue ripped tee 44
Brown bathrobe 135
Black jersey 130
Bluish gray kimono 78
Gray tee 238
White collar shirt 102
Black kimono 160
Blue printed jacket 171
Gray sweater 95
Light gray jacket 90
Fur coat green flame 133
White vest 46
Black fur coat 120
White tactical vest 43
Brown marten coat 37
Black lapel jacket 54
Gellow collar racing suit 59
Purple velvet suit 148
Red tee 36
Black wave collar suit 86
Aqua patterned tee 46
Pink camouflage hoodie 125
Blue v-neck jersey 106
Khaki vest 82
Green tee 42
Navy blue tee 52
Brown lapel jacket 52
Green checker shirt collar 55
Khaki sweater 49
Red vest 45
Gray ripped t-shirt 30
Green collar racing suit 40
Blue suede vest 43
Necklace
Chain 718
Emerald pendant 449
Diamond 1002
Necklace set 90
Looki chain 600
Gems 231
Sapphire pendant 324
Yinyang pendant 249
Long chain 454
Dragon ball 96
Gold pendant 493
David's deer 44
Choker 42
Looki charm 8
Blue dragon ball 49
Face
Dark order purple 102
Glorious yellow 93
Shaman pink 68
Supernatural orange 91
Lucha purple 117
Wukong blue 97
Lynx blue 114
Wukong multicolor 105
Trickster gradient 138
Sakura(satoshi) 53
Wukong teeth 105
Eater of worlds green 113
Mystic orange 110
Tiger green 75
Ripper purple 125
Spiritwalker orange 95
Beast purple 101
Galaxy forger green 112
Spiritwalker green 94
Eater of worlds orange 122
Warden green 99
Eternal aqua 66
Ripper red 112
Prophet green 112
Journeyman green 73
King kong yellow 109
Nightmare blue 98
Master white 107
King kong purple 128
Goddess pink 94
Lucha green 123
Lord white 116
Wukong red 91
Warrior black 106
Predator red 100
Tiger red streak 68
King kong mint 90
Ghostwater blue 82
Warrior lime 70
African tribe blue 93
African tribe pink 91
Lynx two color 108
Mystic pink 96
Nature 108
Kitsune white 80
Mage black 116
Dragon aqua 115
Cyclops brown 117
Blossom 103
Beast yellow streak 100
Shaman black 88
Elite aqua 85
Elite red 104
African tribe green 84
Divergent 69
Tiger red 81
African tribe purple 100
Jackal lime 98
Warden pink 106
Mage white 87
Cyclops blue 107
Dragon cream 102
Jackal limeand purple 107
Supervillan purple 116
Legend blue 112
Super villan green 113
Na'vi blue 76
Spiritwalker white 82
Eternal lime 77
Nightmare green 86
Electric 76
Cyber purple 81
Lord black 110
Demon king 103
Prophet lime 85
Cyber green 77
Predator green 100
Guardian white 115
Beast green 62
Supernatural purple 98
Na'vi red 95
Third eye blue 109
Kitsune neon 81
Mutant blue 89
Dark order yellow 92
Galaxy forger red 95
Supervillan red 96
Third eye yellow 77
Ghostwater 43
Elite orange 101
Quantum black 51
Quantum white 63
Earring
Metal retro 1751
Sapphire 1714
Gems 1813
Diamond 1777
Hat
Headband camouflage 100
Hat blue strip gold 112
Baseball print looki 103
Bandana aqua 117
Headband reptilian 102
Bandana red 101
Headband dalmatian 90
Cap green 97
Headband white 101
Headtie blue 101
Cap blue 111
Headband two-color 99
Cowboy brown 112
Baseball print yellow 96
Headband zebra 86
Cap brown 114
Bandana green 105
Hat blue 97
Bandana blue 127
Hair red 96
Hatstrip gradient 97
Headband black 77
Hat green strip yellow 102
Bandana purple 93
Headband tricolor 94
Headband halo 78
Headband fancy 83
Headband giraffe 122
Hat aqua strip coral 97
Cap purple 109
Hair grey 96
Baseball blue 95
Cap black 108
Hatstrip yellow 95
Hat black 113
Headband blue 81
Baseball black 93
Headband grey 91
Headband red 98
Bandana cosmos 91
Eyewear
Onepiece purple 100
Pantos orange 76
Butterfly 93
Frame gold 97
Goggles orange 100
Shield brown 108
Heartand starshape 105
Goggles purple 89
Sporty 91
Pantos blue 98
Futura 90
Parts gold 96
Orange chain 109
Butterfly gradient 108
Frame white 91
Shield blue 98
Shield grey 97
Black chain 113
Melting heart 103
Headphone
Blue star print 19
Black 25
Retangle gold 29
Openear fluorescent green 15
Openear red 20
Pink star print 14
Triangle brown 18
Retangle lime 17
Openear purple 15
Retangle blue 24
Orange star print 22
White 22
Opeeear white 20
Retangle green 21
Triangle purple 16
Face Covering
Nath gold 95
Nose tape gold 104
Gold veil 79
Mask black 103
Mask spiral pattern 105
Mask blue 116
Quality
Flawless 89
Looki fees
Buyer fee to dev: 0 basis points
Seller fee to dev: 0 basis points
Buyer fee to opensea.io: 0 basis points
Seller fee to opensea.io: 250 basis points
Buyer fee: 0 basis points
Seller fee: 250 basis points
Looki editors list
The approved editor's accounts of Looki collection are 0x2650d3f41175dbbfe75f9cb8d742168a96791c36, 0x9fdda4f0a7554db9dbd97f1988f98c90e8a6f7dd.
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.
14 days ago • cryptodaily
L2 Protocol Optimism Overtakes Arbitrum
Ethereum-based Layer-2 protocol, Optimism has outperformed Arbitrum in transaction volume since mid-December.
Optimism Token Takes The Win
The transaction volume on both protocols has undergone a distinct divergence since last month. Even though both had been on a steady upward climb since the beginning of last year, Arbitrum had always maintained its lead in transaction activity. However, this changed towards the end of the year, when Optimism outpaced Arbitrum and that too quite significantly.
The reason behind this divergence and the increased transactions is the Optimism token, which has been one of the leading performing tokens across Layer 1 and Layer 2 protocols. With liquid staking derivatives such as Lido and Rocket Pool performing well, investors are looking at more ways of gaining exposure to Ethereum. Since Arbitrum does not have its own token, it got left behind in the race. Other tokens in the Optimism ecosystem have also benefited from this increased interest and experienced gains of over 200% since the beginning of the year.
GMX Drops, Synthetix Grows
Furthermore, another factor contributing to the increase in Optimism transaction volumes is the drop in the use of GMX. This decentralized perpetual futures exchange is built on Arbitrum and has experienced a 30% drop in use since December 10. On the other hand, there has been an increase in activity on the Synthetix perpetual exchange, which is built on Optimism, since December 20. Additional protocols like Kwenta that are built using Synthetix on Optimism have also experienced a sudden spike in transaction volume.
L2 Protocols Need Reinvention
Experts have opined that both the L2 protocols of Arbitrum and Optimism are some of the most important actors in the Ethereum ecosystem as they pave the way for scalability and increased throughput while maintaining the integrity of the Ethereum chain.
According to Marom Yigy, the VP of Blockchain at LEAP (Web3-based sports-discovery and endorsement platform), the future of Layer-2 protocols depends on how well they reinvent themselves.
She said,
“Layer 2 solutions are most often workarounds to bottlenecks on the Ethereum network; they won't disappear at this step of the merge because gas prices aren't expected to drop. That will likely change once sharding is introduced, because sharding itself solves the issue L2s were created to fix. By then, L2s might be less popular—though the big ones will find new ways of reinventing themselves.”
Arbitrum’s last significant upgrade took place on August 31, 2022, when the protocol launched its Nitro upgrade. Since then, Optimism has understood the challenge and raised the bar by introducing its own tokens. Arbitrum needs to step up the reinvention game if it wants to regain its former lead.
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.
20 days ago • cryptodaily
Evolution Of The Crypto-Sector: Shedding Light On The Relation Of Crypto And AI
Big data, AI, and cryptocurrencies have all converged in recent years to make the financial sector much more intricate and fast-moving than it ever was. With a CAGR of 11.1% from 2021 to 2028, the worldwide cryptocurrency industry is forecast to grow rapidly, reaching USD 1,902.5 mln by 2028.
As stated in their research titled "Cryptocurrency Market," published by Fortune Business Insight in 2020, the market was worth USD 826.6 million.
The significance of confidence in traditional institutions is reflected in differences in bitcoin valuations across countries, and new financing mechanisms make it possible for more entrepreneurs to begin enterprises.
Crypto and AI, when used appropriately, can also assist in eliminating prejudice from recruiting and other crucial procedures.
However, with these prospects come new obstacles that will necessitate society having tough dialogues, the consequences of which will influence the future of economics. Let's look at it with a level head.
Access to Post-Virus World
The sheer quantity and level of detail of the financial data that is currently available to financial institutions are believed by many to have far-reaching ramifications. In the past, for instance, "subprime" communities were all seen as relatively dangerous, which made it challenging for financial institutions to extend credit to those individuals in such populations.
As a consequence of this, financial lending institutions mitigated the risk associated with their operations by offering an average rate of interest to the general populace.
By combining ubiquitous access to extensive data with sophisticated algorithms, lenders may better discern "good" peers from "bad" peers in the lending industry today. Those who are regarded as having a lower credit risk are put at a disadvantage as a result of this, even as it lowers the cost of financing for those who are regarded as having a superior credit risk.
A negative credit score may be a consequence of imprudent financial decisions made by a person or corporation; however, there is also the possibility that another big issue played a substantial part in the situation.
A Progressive Square One For Startups
Data-driven technologies produced by the fusion of crypto and AI are not only making it easier to develop groundbreaking new goods but also making it more affordable to launch a company from scratch. Many of the once-fixed expenditures associated with launching a new technology enterprise are now movable targets, thanks to the development of available-to-rent cloud-based services.
Specifically, the launch of crypto and AI supporting trading bots like Bitcoin prime has further eased out the financial plans for newbies who have just stepped into the market. As all one has to do is sign up with it and take worthy financial suggestions or better investments while conducting transactions in different currencies, securely.
Banking AI targeting algorithms will require clear wording from the developers. Will we now penalize people if they suffer an unlucky shock, such as being sick? The magnitude of this problem is enormous.
The reduced cost of getting a company off the ground coincides with developments that make risk management easier for venture capitalists (VCs).
Prior to the last five or ten years, the typical venture capitalist would spend months conducting due diligence before making an investment in a firm.
Today's venture capitalists are more inclined to make multiple, smaller investments in a wide variety of firms, some of which may provide products that are identical.
To further streamline the process, venture capitalists may make their initial investments in the form of "convertible notes" that are pre-set to convert in the case of a subsequent fundraising round.
This method allows venture capitalists to spread their risk among a larger pool of prospective entrepreneurs operating in the same industry by allowing market data to determine which startups ultimately succeed.
Potentially substantial changes may result from these alterations: Women and people of color, who historically have been denied equitable access to financial resources, will make up a sizable portion of the next wave of entrepreneurs.
Seeing Global Crypto-Sector With A New Lens
In 2019, Bitcoin and other digital currencies were traded by more nearly 50 million investors globally. Researches show that there are substantial variances in the value of cryptocurrencies across markets, with the discrepancies being based on the underlying institutional dynamics including public attitudes in each region.
For instance, the daily average difference here between the United States with Korea was above 15% and occasionally approached 40% from December 2017 to February 2018.
So why is there a "kimchi premium," exactly? Limited capital movement across countries is a major contributor to the large pricing discrepancies, as it reduces the availability of arbitrage opportunities.
To put it plainly, it's not possible to make a profit by making a low purchase in NYC and a high sale in Seoul.
Surveys indicate that people in nations with less developed financial markets place a higher value on Bitcoin and other cryptocurrencies. A higher level of confidence in the monetary system tends to reduce the perceived value of cryptocurrencies.
Summing Up
Each passing day sees the relation between crypto and AI become more dynamic and more efficient than humans at performing mundane activities; the question now is whether or not AI will eventually replace people in every industry. That is simply not the case.
Technology and its human complement are not antagonistic. Though it may shake up the status quo at first, eventually it will help pave the way for whole new possibilities.
Companies today need to adopt a new culture in which innovation and lifelong education are valued highly. This paves the way for more flexibility, adaptation, and development.
What the fiscal tremors of 2020 will do to the crypto market, AI, plus big data is still unknown. But one thing is sure: as long as there are innovators, the velocity of change will only quicken.
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.
20 days ago • cryptodaily
LBank Exchange Shares Bullish Thesis for 2023
INTERNET CITY, Dubai, 12th January, 2023, ChainwireLBank Co-Founder Johnason Chan has shared a bullish thesis for 2023, tipping the crypto industry to reach new milestones this year. Chan predicts a resurgence in the NFT market, further growth of Web3 through layer 2 solutions and the convergence of TradFi and DeFi.
“Web3 will be a big opportunity for the next wave of blockchain applications, but more solid blockchain platforms are required to host them”, says Chan. The exchange boss claims that blockchains like Ethereum will continue to play a central role in the evolution of Web3, but layer 2 solutions will help new apps to blossom. “As more layer 2 technologies mature and infrastructure is built, it will bring new opportunities for the development of Web3.”
Elsewhere, Chan believes NFTs will enjoy a resurgence in 2023, saying: “NFTs still provide new opportunities for underlying assets and blockchain expressions. Currently, NFTs mainly consist of assets for chain games. But they can be used to express so much more. I believe they could be an important force to kickstart the next bull run in this market.”
LBank’s co-founder also expects GameFi to flourish in 2023, asserting: “The development of chain games may usher in completely new opportunities for the video game industry. As more institutions and game studios enter this new market, developers will be able to create more products in 2023.”
The penultimate prediction from Johnason Chan is that decentralized finance will see a resurgence, with some of this growth coming from the traditional finance (TradFi) industry. “Traditional finance will definitely find a way to implement some of these innovations. We could even see products developed by institutional players being launched on DeFi platforms one day,” the LBank Co-Founder says.
Finally, Chan tips digital identities to capture attention in 2023, saying: “Digital identity caught more attention last year but we’ve yet to see any killer applications utilizing this technology. I expect new DID use cases and apps to flourish this year, making it easier for web2 users to start experiencing Web3.”
Start Trading Now.
Community & Social Media:
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26 days ago • cryptodaily
Genesis Lays Off 30% Of Workforce
The crypto lending platform Genesis is considering filing for bankruptcy and has laid off around 30% of its staff.
Genesis On The Verge Of Bankruptcy?
Less than six months after its first round of layoffs, Genesis, has been forced to cut loose around 30% of its workforce. Moreover, the word around the blockchain is that the lending platform is considering filing for bankruptcy.
A spokesperson for Genesis has confirmed the news, saying,
"As we continue to navigate unprecedented industry challenges, Genesis has made the difficult decision to reduce our headcount globally."
According to other sources, the company is working with investment bank Moelis & Co to evaluate its options.
FTX Contagion Spreads
The biggest blow to the industry this year was the utter destruction of the FTX ecosystem. Not only did the major crypto exchange crash down dramatically, but it also took with it several significant institutions and crypto firms. For example, crypto-focused bank Silvergate Capital was also affected heavily by the FTX crash and has announced that it will slash its headcount by 40%.
After the year crypto has had, Genesis would not be the first crypto firm to go down the bankruptcy route. Crypto lender BlockFi was the first to follow FTX into Chapter 11 bankruptcy filing. The market downturn has forced the hands of many crypto executives to cut costs in their respective firms by trimming the workforce fat. In many cases, declaring bankruptcy is the only option left.
Genesis In Trouble
Genesis has been treading troubled waters lately, thanks to its association with the FTX ecosystem. The company’s interim CEO, Derar Islim, penned a client letter in which he wrote,
“We believe we can arrive at a solution. As a key element in this process, we have made significant progress in refining our business plans for Genesis’ client offerings. This includes reducing costs and driving efficiencies in all our business lines.'
In November 2022, the company closed down withdrawals. Just a week before this, it was seeking a billion-dollar emergency loan. Both these events have led to the most recent skirmish with one of the founders of the Gemini crypto exchange, Cameron Winklevoss. The latter has accused Genesis and the Digital Currency Group (DCG) of acting in bad faith. Winklevoss penned an open letter to DCG CEO Barry Silbert, claiming that the latter has been evading all attempts at consensual resolution since Genesis owes members of Gemini Earn around $900 million.
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.
27 days ago • cryptodaily
Twenty-Two Highlights from TRON’s Historic 2022
Geneva, Switzerland, 5th January, 2023, ChainwireFor TRON DAO, 2022 was a year of historic growth. Here are 22 highlights from the fastest growing public blockchain’s record year:
# 22 possibly the world’s biggest DAO
On January 5, TRON announced its restructuring to become a decentralized autonomous organization (DAO). On April 11, Forbes declared that TRON DAO is probably the world’s biggest DAO, as the TRON blockchain now boasts more than 132 million user accounts.
# 21 APENFT Marketplace
On April 15, the APENFT Marketplace launched on the TRON blockchain.
# 20 over 130 digital asset exchanges
TRX is now supported, listed, and traded on over 130 digital asset exchanges, payment systems, and trading platforms, including Binance.US, Meson, Crypto Finance (member of Deutsche Börse Group), Fireblocks, Bitkub, Bitso, DMM Bitcoin, Kraken (TRX futures contracts), Plisio, BTCBOX, Wirex, OKCoin Japan, BitMEX, Blockchain.com, and Guardarian.
# 19 the Enterprise Ethereum Alliance
TRON joined the Enterprise Ethereum Alliance to advance interoperable blockchain integration into daily business operations, focusing mainly in two working groups: Cross-Chain Interoperability and DeFi Risk Assessment, Management, and Accounting (DRAMA).
# 18 expanded collaboration with Huobi
In October, the TRON founder and current ambassador H.E. Justin Sun was named to Huobi’s Global Advisory Board, and the TRON ecosystem has started more partnerships with the exchange.
# 17 the Peg Stability Module
On August 3, the Peg Stability Module (PSM) was rolled out, which allows users to swap between USDD and other mainstream stablecoins like USDT and USDC at a 1:1 ratio.
# 16 sponsorships
In 2022, TRON was the major sponsor of Consensus, NFT NYC, Mainnet by Messari, Converge by Circle, Binance Blockchain Week in Paris, Smartcon by Chainlink, Token2049, and more. TRON also hosted several VIP in-person afterparties - TRON Whale Night, at Bitcoin 2022, Consensus, and Mainnet.
# 15 the Binance CMC Crypto Top 10 EWI
On October 17, TRX was listed on the Binance CMC Cryptocurrency Top 10 Equal-Weighted Index, which tracks the performance of the top ten digital assets on CoinMarketCap as ranked by market capitalization.
# 14 feel the burn
In 2022, the total amount of TRX burned from various utilities was 11.74 billion, considerably accelerating its deflation.
# 13 TRON Academy
TRON Academy officially launched November 12, when 270+ students from top-tier university blockchain clubs gathered on the Harvard University campus for the "Hacker House" event.
# 12 Travala.com
On August 10, Travala.com, the world's leading blockchain-based travel booking platform, announced its adoption of USDD and TRX as means of payment.
# 11 the 2nd largest stablecoin ecosystem
TRON now has the second-largest total stablecoin circulation, next to Ethereum, with a market cap of $39.5 billion.
# 10 the TRON DAO Ecosystem Fund
TRON DAO launched their Ecosystem Fund with 8 unique programs for funding, including TRON DAO Ventures, which intends to invest in promising blockchain startups.
# 9 the national blockchain of Dominica
On October 7, the Commonwealth of Dominica announced TRON as its national blockchain and authorized seven TRON-based cryptocurrencies as legal tender for everyday use.
# 8 the TRON DAO Reserve
On April 21, the TRON DAO Reserve was established to safeguard the overall blockchain industry and crypto market.
# 7 greater influence
On August 1, Crypto Daily described H.E. Justin Sun as one of the premier leaders in the Web3 era.
# 6 the stablecoin USDD
In May 2022, TRON launched USDD, the first over-collateralized, decentralized stablecoin, which is now held in more than 130,000 wallets. On November 2, Messari released the report “State of USDD Q3 2022.” USDD finished the year with a circulating supply of over 725 million and a collateral ratio of greater than 200%.
# 5 one of the most eco-friendly blockchains
On August 24, in the report titled "Energy Efficiency and Carbon Footprint of the TRON Blockchain" released by the Crypto Carbon Ratings Institute (CCRI), TRON was rated as one of the most eco-friendly blockchains.
# 4 the 4th anniversary of MainNet independence
On May 31, TRON celebrated the fourth anniversary of its MainNet launch.
# 3 three stellar HackaTRONs
Three Seasons of the TRON Grand Hackathon, a.k.a. “HackaTRON,” took place in 2022, with over 2300 total participants and a combined total prize pool of over $2.7 million.
# 2 TVL
According to DefiLlama, by the end of Q3, the Total Value Locked (TVL) on TRON had reached $6.33 billion, up 61% from Q2, surpassing BSC to become the blockchain network with the second-largest TVL worldwide. Messari released its first ever TRX research report on November 5, titled the “State of TRON Q3 2022.”
# 1 from 69 million total TRON user accounts to 132 million
63 million new TRON user accounts were established in 2022. TRON aims to become the primary settlement layer of the global economy. As the global trend-setter in cryptocurrency, TRON is developing an ecosystem infrastructure that will be able to serve every human on the planet.
About TRON DAO
TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps.
Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of January 2023, it has over 133 million total user accounts on the blockchain, more than 4.5 billion total transactions, and over $9.2 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. In May 2022, the over-collateralized decentralized stablecoin USDD was launched on the TRON blockchain, backed by the first-ever crypto reserve for the blockchain industry - TRON DAO Reserve, marking TRON's official entry into decentralized stablecoins. Most recently in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, which is the first time a major public blockchain partnering with a sovereign nation to develop its national blockchain infrastructure. On top of the government’s endorsement to issue Dominica Coin (“DMC”), a blockchain-based fan token to help promote Dominica’s global fanfare, seven existing TRON-based tokens - TRX, BTT, NFT, JST, USDD, USDT, TUSD, have been granted statutory status as authorized digital currency and medium of exchange in the country.
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39 days ago • cryptodaily
Cardano (ADA) Strikes Red Alert, The Hideaways (HDWY) Ready For 2023 Gains
Cardano (ADA) has faced another staggering decline in the past few days, even experiencing a loss of 13.00% in the 24-hour timeline.
But when ADA and other leading tokens plummeted, The Hideaways (HDWY) managed to withstand the adverse effect of the bearish market, making it the center of attention.
Cardano (ADA) Prints Two-Year Low
Cardano (ADA) has hit another plunge after imprinting the lowest lows in almost two years as traders run to the exit. Subsequently, ADA skidded 16.40% to $0.26 in the past seven days, issuing distress signals to the markets.
The red turn of the cryptocurrencies came as investors expect the US Federal Reserve to retain its aggressive monetary policy in 2023, despite the recent modest rate increase.
The downturn of major coins like Cardano (ADA) has led traders to look at alternatives with more potential in the short term. The Hideaways (HDWY) is the trending presale star who has navigated its way to the headlines, winning bullish analysts' predictions for next year.
Meanwhile, investors are starting to grasp the harsh reality that a soft landing is not in the cards for Cardano. Otherwise, a snowball recession and price avalanche are in sight.
Where Is Cardano (ADA) Headed Next?
Recent efforts to push Cardano (ADA) have been unsuccessful as ADA approached the lower boundary support of a falling channel.
At press time, Cardano’s Moving Average Convergence Divergence (MACD) indicator cites a selling signal. Thus, the overhead pressure will likely intensify, predicting more losses for the token.
Moreover, ADA’s Relative Strength Index (RSI) has touched the oversold barrier. Analysts have cited that Cardano could continue the extreme bearish sentiment and slump into $0.20 next year.
On the other hand, The Hideaways (HDWY) is about to wrap its presale this month, offering massive rewards of up to 100% bonus on all investments.
The Hideaways (HDWY) On The Road To Surpass Cardano(ADA)
Anyone currently looking for a reward-giving cryptocurrency investment must go forward with The Hideaways (HDWY).
The upcoming cryptocurrency project is on its way to overtake Cardano (ADA), as analysts have highlighted the bright future ahead for HDWY.
The Hideaways offers investors a new-generation investment option for luxury real estate in the form of minting nonfungible tokens. Remarkably, HDWY is a game changer and could make everyone a fortune.
Moreover, The Hideaways (HDWY)’s presale is now in its final stage, selling at $0.10 per token. This affordable investment will also launch a prize draw, offering $100,000!
Never waste a second and hop in with The Hideaways (HDWY)!
Website: https://www.thehideaways.io
Pre-Sale: https://ticket.thehideaways.io/register
Telegram: https://t.me/thehideawayscrypto
Twitter: https://twitter.com/hdwycrypto
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.
45 days ago • cryptodaily
Democratic party will return over $1 million to FTX investors
The Democratic Party is set to return over $1 million of its funding to victims of the now-defunct cryptocurrency exchange FTX, according to a report.
The report, which was first published by The Verge, states that three of the top Democratic campaign organisations will be setting aside funds sent to them in contributions from Sam Bankman-Fried, ex-CEO of the collapsed FTX cryptocurrency exchange.
Given that SBF has now been arrested following the alleged fraudulent activities that led to FTX losing around $8 billion in investor funds, the pressure has been on the Democratic party to give back some of the funds that it received in contributions.
A spokesperson for the Democratic National Committee (DNC) said:
“Given the allegations around potential campaign finance violations by Bankman-Fried, we are setting aside funds in order to return the $815,000 in contributions since 2020,”
They added:
“We will return as soon as we receive proper direction in the legal proceedings.”
Over the last two year SBF has donated large sums of money to US political parties. Around $815,000 in contributions have been paid to the Democratic Party since 2020, but what is generally known is that according to SBF, he also donated a similar amount to the Republican party.
He is reported to have told crypto blogger and youtuber Tiffany Fong shortly after the FTX bankruptcy that he contributed to the Republican party but said that he did it covertly because “Reporters freak the **** out if you donate to a republican.”
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.