Wanchain(WAN)

The Chairperson of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, is demanding more funds to support his regulatory crusade against cryptocurrencies. Gensler Wants More Money On a March 29 testimony to the House Financial Services Subcommittee for SEC’s fiscal year 2024, chief Gary Gensler demanded more financial support to keep up with the technological advances of the crypto sector. He has demanded that the regulatory body needs a higher functioning budget to crack down effectively on bad actors in the country.He said, “Rapid technological innovation in the financial markets has led to misconduct in emerging and new areas, not least in the crypto space. Addressing this requires new tools, expertise, and resources.” The budget amount of $2.4 billion was first proposed by President Joe Biden for the fiscal year 2024. Agency Spread Thin, Needs Funds: Gensler Gensler claimed that the SEC funds are already spread thin, and the agency requires funding in the amount of $2.4 billion to manage the increasing complexity in the capital markets as introduced by crypto companies. Giving an account of the agency’s functioning, Gensler reported that the Division of Enforcement and Examinations, which consists of a major chunk of the agency’s staff, had received over 35,000 separate tips, complaints, and referrals from whistleblowers in the crypto industry. On top of that, he reported that the Enforcement Division cracked the whip on 750 different cases last year by enforcing actions that brought in $6.4 billion in penalties and fines. Of these 750, thirty actions were related to the crypto industry and brought in $242 million of penalties, indicating a 36% increase over the 22 actions in 2021. SEC’s Crypto Crusade However, his statements at the hearing indicate that, as always, Gensler has approached the fund's appeal by lashing out at the crypto industry and portraying his own agency as the lone “cop on the beat” working against the big bad. His statements indicate that it is an unruly space full of bad actors whose sole aim is to trick funds out of the pockets of honest American citizens. At the budget hearing, Gensler said, “Further, we’ve seen the Wild West of the crypto markets, rife with noncompliance, where investors have put hard-earned assets at risk in a highly speculative asset class.” The SEC has been accused of being extra-judicial when it comes to cryptocurrency. The regulatory body is quite insistent on getting cryptocurrencies declared as securities so that they fall under the SEC’s purview. The agency’s severe action against certain crypto companies without any congressional oversight has drawn the interest of the U.S. House Financial Services Committee, which has recently summoned Gensler to a subcommittee hearing in April. 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.

Rich Dad Poor Dad author and billionaire entrepreneur Robert Kiyosaki has urged Twitter followers to buy Bitcoin, gold, silver, and top brands before they become too expensive. In one of his latest Twitter posts, Robert Kiyosaki tweeted “Rising interest rates killing capitalism” and “Buy before systemic inflation is in control”. His recommendations of what to buy include bitcoin, gold, silver, and the rich brands. SHOP til YOU DROP. Retail prices dropping. Rising interest rates killing capitalism. Rich brands on sale. Buy before systemic inflation is in control. Inflation is systemic not transitory. Buy Prada, Panerai, Polo, gold, silver, BC before brands become expensive. F’ poverty. — Robert Kiyosaki (@theRealKiyosaki) March 29, 2023 Kiyosaki has never minced his words when referring to the monetary system and what he perceives as the rapidly falling value of the dollar and all other fiat currencies. He has been scathing of the Federal Reserve, and other central banks, and has recommended that investors pull their cash out of the banking system and put it into “real money” such as gold, silver, and bitcoin. Kiyosaki is aware that his tweets and podcasts often attract a lot of detractors, but says “even if you choke on my two emergency podcasts, please listen, then decide what you want to do.” He adds: “If you trust our government, banks & Wall Street PLEASE STOP FOLLOWING ME.” Quite possibly, besides the recent podcasts, featuring Andy Schectman, many of the haters are upset with Kiyosaki’s oft-used phrase of DCB - Deception, Betrayal, and Collusion, which he accuses banks, Wall Street, and government of. With recent bank failures, and the actions of the Federal Reserve and other central banks, in promising potentially trillions of dollars in value with which to prop up any other of the large to medium sized banks in difficulties, it’s not difficult to imagine that Kiyosaki’s voice will sit well with investors and depositors who have much to gain or lose. Kiyosaki has made himself a fortune by investing in real-estate and has protected himself by buying all the assets, such as bitcoin, gold, and silver, which he is recommending to his followers. The same banks and financial organisations that Kiyosaki is deriding, will no doubt be concerned that such a well-respected financial guru is taking them to task. However, more important is that this man’s practical, albeit unpalatable views, are seen and heard by the common investor. 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 latest proposal by the SEC of Thailand follows a series of regulatory changes targeting the digital asset market in the country.

Gensler made another sweeping attack on the crypto industry, requesting a bigger budget for his agency to tackle crypto ‘misconduct.’

The decentralized finance (DeFi) market is one of the fastest growing markets in the world. In less than two decades a whole new industry has been created with new opportunities for investors every day. Three great investment opportunities are Solana (SOL), Ethereum (ETH), and Collateral Network (COLT). Each project brings innovative new ideas to the market and could significantly influence the future of DeFi, with Collateral Network (COLT) set to completely revolutionize the lending industry alongside 35x gains. >>BUY COLT TOKENS NOW>BUY COLT TOKENS NOW<< Collateral Network (COLT) Applies DeFi To Crowdfunding Collateral Network (COLT) is a new decentralized crowdlending platform in the market that's caught the attention of investors world wide. Using Collateral Networks (COLT) cross-chain network, borrowers will be able to unlock cash from physical off-chain assets using NFTs. Here&rsquo;s how it works. If a borrower on Collateral Network (COLT) holds an expensive physical asset and wants a short term loan, they can create an NFT backed 1:1 by that asset. This NFT is then fractionalized, meaning that lenders can collectively fund the loan by offering fractions of the required capital. This increases the number of investors who can become lenders. Once loaned, lenders will generate a passive income from their loan based on a fixed interest rate, enabling users on the COLT platform to become their own banks. This process is significantly faster than traditional crowdlending processes, and allows borrowers to hold onto their physical assets. To give early investors peace of mind, Collateral Network (COLT)&rsquo;s smart contract has been successfully audited, and its liquidity pool will be locked for 33 years to prevent a rug pull. COLT, the native token of Collateral Network, can be purchased for $0.01 during phase one of the project's presale, with COLT holders earning access to a VIP members club, as well as staking, governance rights, and more. Analysts forecast that due to its immense potential and real-world use cases, COLT is highly likely to surge by up to 3500% over the coming months! With this projection in mind, Collateral Network (COLT) is easily one of the most promising presales on the market today. Find out more about the Collateral Network presale here: Website: https://www.collateralnetwork.io/ Presale: https://app.collateralnetwork.io/register 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.

The tool suite was designed to be an easy onramp for web2 developers transitioning to web3 and developers from other chains who want to test out Algorand.

ERC20 tokens are tokens built on the Ethereum blockchain and are standardized to ensure they are compatible with the Ethereum network. This means they can be easily integrated with other Ethereum-based applications, making them highly versatile and easy to use. But why do so many projects choose to release their tokens on the Ethereum blockchain? Well, Ethereum is one of the most popular blockchain platforms in the world, offering developers a wide range of benefits. For starters, it allows for creating smart contracts, self-executing contracts that can automate complex business processes. Additionally, Ethereum has a large and active developer community, so new tools and features are constantly added to the platform. If you're looking to invest in ERC20 tokens in 2023, then you'll want to keep an eye on some of the top projects in the space. In this article, we'll take a look at the top 8 ERC20 tokens to invest in this year. From DigiToads to Calvaria, each of these projects has something unique and is definitely worth considering for your portfolio. 1. DigiToads DigiToads is a new play-to-earn token with a toad-themed ecosystem designed to increase the passive income-earning potential of token holders. Developing a Web3 game where players can purchase, collect, and train toad NFTs as pets is one of the most exciting aspects of DigiToads. These toads can be used in battle and to climb the leaderboard rankings in exchange for the game's native currency, TOADS. At the end of each gaming season, half of the total prize pool, collected from in-game item sales, is distributed proportionally to the top 25 percent of players. Even if players don't finish in the top 25%, they still get 10% of the total prize pool. Additionally, 2% of each TOADS sale is dedicated to the staking pool, implying that players who stake their NFTs are eligible for large payouts. Notably, DigiToads are automatically burned at a rate of 2% of all TOADS transactions, resulting in a decreasing supply and increased potential for long-term appreciation for those who hold it. DigiToads presale has already raised over $340K in two weeks, so the project is truly about to make a revolution in the blockchain gaming industry. For More Information on DigiToads: Visit The Website: https://digitoads.world Join The Community: Linktr.ee/digitoads 2. ApeCoin ApeCoin is a relatively new ERC20 token developed by Yuga Labs, the creator of the Bored Ape Yacht Club and Mutant Ape Yacht Club non-fungible token (NFT) collections. APE is a governance and utility token used as the primary token in Web3 for art, gaming, entertainment, and events. Bored Apes, a collection of 10,000 unique digital artworks, has become a trademark of ApeCoin. ApeCoin is a decentralized autonomous organization (DAO) whose governance and management are handled by token holders. Therefore, all ApeCoin holders have the opportunity to join the ApeCoin DAO and have a say in how the Ecosystem Fund is distributed, as well as other governance rules, projects, and partnerships. The Ape Improvement Proposal (AIP) Process provides a methodical framework for community members to submit proposals in one of three broad categories: Core, Process, or Informational. 3. Decentraland Decentraland is a widely used metaverse platform that allows for digital advertising for blockchain-friendly brands and play-to-earn crypto games like ICE poker, virtual concerts, and more. Users can buy, sell, and manage virtual reality applications on this platform, encouraging more developers and operators to join the project's global network. The platform's original token, MANA, can be used to purchase LAND. LAND is a non-fungible digital asset stored in an Ethereum smart contract. The MANA currency serves many purposes beyond just facilitating avatar comparisons. In this online environment, users can buy land to construct, explore, and run their own businesses. 4. Uniswap Uniswap is an Ethereum-based protocol for executing decentralized exchanges. It allows users to trade any ERC-20 token without a central intermediary. Launched in November 2018, Uniswapis based on the Ethereum platform and takes advantage of its smart contracts, which carry out actions automatically once certain criteria are met. Since the protocol is freely available, anyone can use it to start new markets or participate in existing ones. The Uniswap protocol relies fundamentally on an AMM structure to facilitate trades. Instead of an order book, this model uses a mathematical algorithm to establish the value of tokens. Traders who contribute liquidity to the protocol do so by placing an equal number of two tokens into a liquidity pool, from which they receive liquidity pool tokens representing a proportional allocation of the pool's total value. In exchange for trading or holding these tokens, users gain access to a proportion of the protocol's transaction fees. 5. Maker Using the Ethereum blockchain, Maker (MKR) operates as a DAO to oversee the Maker Protocol. Dai is a stablecoin whose value is pegged to the US dollar, and it can be created on the Maker protocol, a decentralized lending platform. Using the Maker Protocol, borrowers can secure Ethereum as collateral and borrow Dai at a predetermined collateralization ratio. The system is set up to keep the value of a Dai at 1 USD at all times. MKR is the Maker protocol's token of governance. Holders of MKR can vote on proposed amendments to the protocol, such as the addition or deletion of collateral types and adjustments to the risk parameters. When the collateral value drops below the required collateralization ratio, auctions of unsecured debt are triggered, and MKR holders must participate in keeping the system stable. One of its most notable features is the Maker protocol's flexibility in accepting cryptocurrency, fiat currency, and even other stablecoins as collateral. This ensures that there are no central points of failure in the protocol and that it can continue to operate independently. All transactions and balances in Maker are public and auditable via the blockchain, adding to the protocol's credibility. 6. Yearn Finance Yearn Finance is a DeFi yield farming platform focused on helping its users maximize their cryptocurrency investment returns. Yearn Finance allows owners of ERC20 tokens to either lend out their tokens at potentially high-interest rates or stake them on the blockchain of a given project in exchange for rewards. The Yearn Finance token (YFI) is an ERC20 token unique to the platform. Its primary function is a governance token that entitles token holders to a say in which future projects the platform will support. YFI token holders are also eligible for a cut of the company's profits. A portion of the fees paid by Yean Finance users is allocated to managing the investments delivered to YFI token holders. 7. Dash 2 Trade Dash2Trade, a novel social trading and analytics tool, is another ERC20 token that deserves your attention. Its goal is to arm users with all the data they need to make educated decisions in the cryptocurrency market. Social trading, listing alerts, market news, on-chain analytics, and automated trading tools are just some of the platform's many features. Dash2Trade's native D2T token is what makes the platform work. D2T uses the Ethereum blockchain and has a maximum supply of 1 billion coins. 8. Calvaria Last but not least, we have Calvaria, an innovative crypto-card game. It is the traditional play-to-earn that allows users to earn money by competing against other users. The goal is to create a game that can bridge the gap between the "real world" and the crypto world, making it fun and approachable, and accessible on iPhone, Android, and PC. $RIA will be utilized to support the entire gaming ecosystem and awarded to tournament winners. The tokens are tradable on marketplaces and can be used to purchase virtual goods such as NFT cards. Players will also be rewarded with $eRIA (earned ria) tokens for their time and effort in the game. The $eRIA token will have utility and value in and out of the crypto community. Final Takeaway Investing in ERC20 tokens can be smart for those looking to diversify their cryptocurrency portfolios. With the wide range of benefits, the Ethereum blockchain offers, it's no surprise that many projects choose to release their tokens on this platform. The top 8 ERC20 tokens mentioned in the article offer unique features and growth potential, so diversify your portfolio and maximize your returns in the long term. To purchase DigiToads visit: https://digitoads.worldTo purchase the other tokens on this list head over to eToro or any major crypto exchange 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.

Copy trading has been one of the most reliable and trusted investment methods for the longest time, and there is no reason this trend should stop now that cryptocurrencies are gradually becoming mainstream. While there are many copy trading platforms out there, perhaps none can provide the sheer quality, safety, and diversity being offered by Bitget. The exchange, which has over 8 million users in over 100 countries and regions, is dedicated to assisting users in making smarter trading decisions by offering a safe, one-stop trading solution. It also encourages people to embrace cryptocurrency through partnerships with credible partners such as legendary Argentine footballer Lionel Messi, the Italian leading football team Juventus, and official eSports event organizer PGL. Bitget is currently ranked as a top 5 futures trading platform and a top 10 spot trading platform by CoinGecko. Understanding Bitget Before going any further, it is firstly important to understand what Bitget actually is. Bitget is a popular crypto exchange which offers users a comprehensive and user-friendly environment through which they can easily trade digital assets. The exchange provides a wide array of innovative trading resources designed to assist users in making informed trading decisions in addition to enabling them to quickly and efficiently execute their trades. Due to its sleek and easy-to-use interface as well as its dependable security measures and affordable fees, Bitget has become the preferred choice for many novice and skilled crypto traders worldwide. Furthermore, the platform supports more than 20 languages like English, Turkish, Traditional Chinese, and Vietnamese, and is accessible through all devices on desktop, iOS, and Android, making it convenient and readily available to users worldwide. Bitget&rsquo;s copy trading capabilities Not only is Bitget the world's biggest cryptocurrency exchange for copy trading, but the team has recently expanded their copy trading feature to the Spot market. Moreover, as Bitget is the first centralized exchange to provide copy trading in the cryptocurrency market, traders would hence find it easy to make trades as they receive a convenient and smooth user experience. Secondly, Bitget's Copy Trading provides a new way to increase profitability while simultaneously prioritizing both flexibility and transparency. By 'copying' the trading activities of more experienced traders, rookies can make decent profits just like their superiors while the veterans can keep generating passive income and also keep growing their own influence in the crypto industry. Since its inception, Bitget's copy trading feature has brought in over 80,000 skilled traders to share their strategies and over 380,000 followers to copy. As of January 2023, there have been over 47 million profitable trades via Bitget copy trading, with profits from profitable trades totaling $300 million and profits shared by elite traders totaling USD 20 million. Additionally, Bitget launched the Bitget Insights platform in October 2022, allowing users to share their trading experience and market analysis. This newsfeed community, where verified users can share their financial analyses and opinions with their followers, assists them in making more informed financial decisions. More than 500 trading experts shared their crypto market insights on the platform in January 2023, with nearly 10,000 posts generated. What cryptocurrencies does Bitget have? Bitget offers a spot exchange function for most popular cryptocurrencies, allowing you to trade one coin for another. Recently, the platform supports USDT, USDC, BTC, ETH, BGB (the exchange's native token), and 450+ cryptocurrencies and 580+ trading pairs. Also, Bitget is the first major derivatives trading platform to launch the USDT-margined futures product in May 2019. In comparison to Coin-margined futures, USDT-margined futures are more user-friendly for newcomers to futures trading because they do not require investors to hold corresponding coins before going long or short. Bitget is also the first cryptocurrency exchange to partner with Circle to launch USDC-margined futures in July 2021. In addition, with 130 trading pairs, Bitget now supports USDT-margined futures, USDC-margined futures, and Coin-margined futures. But that&rsquo;s not all, as Bitget is a top 5 derivatives trading platform, it has seen massive growth regarding trading volume and market share since the FTX collapse. Bitget's total transaction volume increased by more than 300% in 2022. In terms of 24hr Open Interest (OI), the top 10 derivatives exchanges' OI dropped approximately 40% from its high point in December 2022, while Bitget is the only exchange that increased OI, from about $800 million to $3.74 billion. As if that weren't enough, Bitget is now a top 5 derivatives trading platform in terms of volume and OI, according to CoinMarketCap and CoinGecko. What about deposits? Bitget has added new deposit channels for users who want to deposit in fiat currencies. Customers will find it easier to deposit fiat and begin trading cryptocurrencies with the new deposit rails, which have no fees. Bitget also intends to maintain its dominant market position by incorporating zero-fee deposits and enabling spot trading for specific fiat currencies. Finally, the exchange pledges to provide a safe and stable link between digital and traditional finance, as well as to improve overall user experience as well as market accessibility in order to promote broader mainstream adoption. Bitget additionally offers a wide range of trading options and services with a fair and open fee structure. Bitget's trading fee incentives include lower transaction fees for Spot trading and absolutely no fees for crypto deposits as previously alluded to. Using a credit or debit card, Apple Pay, or Google Pay are all viable options for payment. Bitget also offers a P2P cryptocurrency marketplace alongside other payment options like Wise, Skrill, Neteller, Cashapp, Adv Cash, direct bank transfer, among others. The exchange has recently launched new Fiat on-ramps. These new on-ramps include SEPA and FPS channels, which are designed to provide users with greater convenience when it comes to depositing funds and facilitating trades. Should you use Bitget then? This review is just one of many that you are bound to read online, but what makes Bitget stand out above its competition is the aforementioned services centered around copy trading, futures, spot trading, and more while ensuring that the traders are kept safe at all times. Bitget also outperforms the competition in terms of security, thanks in no small part to its $300 million protection fund as well as the Merkle Tree Proof of Reserves. Put bluntly, Bitget is a secure and regulated crypto exchange that offers cutting-edge financial services and is doing everything in its power to promote broader crypto adoption as is made evident by the aforementioned partnership with Messi. 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.

ProfitScraper is an investment platform that offers investors a steady stream of income through AI-powered algorithms that track prices of different assets across multiple CEXs and DEXs. The platform identifies price discrepancies and executes many instant transactions before the market corrects itself, thereby ensuring profitability. Investors on ProfitScraper enjoy automatic arbitrage, increased profitability, and advanced risk management. ProfitScraper offers a range of bonus programs that offer users additional earnings. The platform offers a guaranteed daily reward of 5.10% for every ProfitScraper user, and the smart contract calculates profitability from when you replenish the deposit, topping up your balance daily. Users can earn an additional 0.1% for every 100 BNB in their smart contract balance, making it a great opportunity for higher rewards. The longer you keep funds in the account without withdrawing, the more your daily earnings increase by 0.05% per day. For every 10+ BNB that users keep in their balance, they receive an additional 0.5% per day. This makes it an attractive proposition for investors who are looking to maximize their earnings. ProfitScraper also offers a referral program that allows users to earn a commission for every person they refer to the platform. The more people that users refer, the more they can earn. For every level-1 referral that refers directly to the platform, users will receive 6% of their deposit amount. For every level-2 referral that is made by level 1 referrals, users receive 3% of their deposit amount. To encourage users to refer more people to the platform, ProfitScraper introduced a weekly referral competition called the PrizePool. The top 10 referrers for the week win a share of the PrizePool, which is made up of 2% of all investments made on the platform in the previous week. Referring more people increases the chances of winning, and users can earn more every week by spreading the word and getting ready to win. In conclusion, ProfitScraper is an investment platform that offers users various opportunities to maximize their earnings. With AI-powered algorithms that facilitate automatic arbitrage, increased profitability, and advanced risk management, investors can enjoy a steady stream of income. The platform also offers bonus programs and a referral system that allow users to earn more by inviting others to join. With a user-friendly interface and 24/7 support, ProfitScraper is an excellent choice for investors of all experience levels. How to Join ProfitScraper App Register a BNB walletWe recommend creating a Metamask wallet or Trust Wallet and adding the Binance Smart Chain network to the wallet. If you already have a wallet, you can move on to Step 2! Connect your wallet to our platformYou must have BNB on the BEP-20 network to start earning on our platform. You can purchase BNB using the Binance exchange. Kindly note that the minimum deposit amount is 0.18 BNB. Once everything is ready, go to the Dashboard page. Top up your deposit and start earning from 5,1% per dayOn the Dashboard page click the Connect Wallet button. Enter the amount of funds you want to invest and click the Top up Balance button.Keep track of your bonus system to take advantage of the opportunity to earn extra money. Increase your income with the referral systemYou will find your referral link on the Dashboard page, which you can send to your friends or distribute to your community to receive 6% per referral level-1 & 3% per referral level-2.You can withdraw your daily earnings anytime or reinvest for more profit! Join our social media channels: Site: https://profit-scraper.com Support: https://t.me/profitscraper_support Whitepaper: https://profitscraper.gitbook.io/profitscraper-whitepaper/ Twitter: https://twitter.com/proffit_scraper Discord: https://discord.gg/qzzQfKjAgJ Telegram Channel: https://t.me/ProfitScraper Telegram Chat: https://t.me/ProfitScraperChat Medium: https://medium.com/@ProfitScraper 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.

Reports indicate several Chinese state-owned banks with branches in Hong Kong have turned crypto-friendly as they offer their services to local crypto companies. Bloomberg reports numerous Chinese state-owned banks with branches in Hong Kong have started offering their services to local crypto companies as Hong Kong attracts a growing list of firms looking to establish roots in the city. The city announced in October that it wants to become the next global crypto hub and has started enacting legislation to do so. Christian Hui, the Secretary for Financial Services and the Treasury, recently revealed that more than 80 foreign and Mainland China crypto firms had expressed interest in establishing offices in Hong Kong and obtaining local licenses. He said: As of end-February 2023, Invest Hong Kong has received expressions of interest from over 80 virtual asset-related Mainland and foreign companies in establishing their presence in Hong Kong. These companies included VA exchanges, blockchain infrastructure companies, blockchain network security companies, virtual currency wallets and payment companies, as well as other projects on building the Web3 ecosystem. Chinese Banks Court Firms in Hong Kong The Strait Times reports that the Hong Kong branches of the Bank of Communications, Bank of China and Shanghai Pudong Development Banks have begun offering banking services to local crypto firms or have made inquiries into doing so. Banks from Mainland China have recently been reaching out to crypto-related firms, adding to the rumour that Hong Kong&rsquo;s goal of becoming a central digital asset hub has Beijing&rsquo;s support, even though crypto trading has been banned in China since September 2021. The outreach is notable, given the difficulties experienced by crypto firms to secure normal banking services. The move is especially significant after the failures of U.S. tech banks SVB, Silvergate Bank and Signature Bank. Securing banking services for crypto firms has never been an easy feat. Banks often shy away from crypto firms due to their anonymous nature. Anonymity has been a red flag for traditional banks where KYC procedures are required for compliance. Hong Kong-based crypto firms who have agreed to speak on the condition of anonymity say the difficulty in obtaining banking services has forced many digital asset firms to find workarounds to meet their banking needs. Firms say it often takes up to three months to secure corporate bank accounts, compared to one month for non-crypto firms. The significant delays mean they often contact more than a dozen lenders. Concerns, however, remain as even with a bank account, banks often flag transactions related to crypto firms and can suspend accounts after an initial warning. The realities for those who deal in crypto are even more challenging, considering almost no traditional banks offer to help transfer tokens to fiat as a regular service. The alternative is to turn to crypto-friendly banks overseas. The future for digital asset firms certainly looks much better if more traditional banks back the sector. With support from the banking sector and the Hong Kong government&rsquo;s continued investment in developing its regulatory framework, the city is primed to become the world&rsquo;s leading crypto hub. 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.

Tallinn, Estonia, 27th March, 2023, ChainwireOpen-source blockchain D-Ecosystem has announced that it has raised $6M in funding ahead of its initial DEX offering (IDO). The public sale, scheduled to start on March 29, will mark the first phase of the DXC token sale.Starting at 12 pm UTC on March 29, D-Ecosystem will initiate Phase 1 of its IDO. The event will run until April 30, during which time DCX will be available at a price of $0.50 per coin. Phase 2 will begin on May 1 and will run until May 31, when the price of DCX will be $0.70. The minimum purchase is 100 DCX and the maximum is 5,000,000 DCX.To purchase DCX coins, users will be able to use wallets such as MetaMask, WalletConnect, or Coinbase wallet, and can participate through networks such as Ethereum, BSC, or Polygon using native tokens or USDT.Encouraged by the $6M it has raised to date, D-Ecosystem is on a mission to build products that will make the complete blockchain space more secure and private. With a focus on security, transparency, and decentralization, D-Ecosystem aims to transform the blockchain landscape.Zero security breaches, public records of transactions and user activity, and the distribution of decision-making power are among D-Ecosystem&rsquo;s defining features. Products slated for development include the launch of D-Ecosystem's own launchpad.With its upcoming launchpad, D-Ecosystem will provide a valuable platform for new projects to launch their own coin and raise funds, furthering its commitment to fairness and inclusivity in the blockchain ecosystem. Its team is made up of experienced professionals with a wealth of knowledge and expertise in blockchain technology, giving D-Ecosystem a clear vision of what it wants to achieve.D-Ecosystem offers a range of innovative products and services designed to empower individuals and organizations in the digital age. Key offerings include:DCX coin: the primary medium of exchange on the platform. DCX will provide users with access to various services including decentralized finance (DeFi), decentralized storage, and decentralized marketplace servicesD-Chain: Native blockchain platform with zero gas fees, lightspeed transactions, and high privacy with a built-in proof of innocence protocol to prevent money laundering and crimeD-Wallet: a user-friendly wallet that allows individuals and organizations to securely store, send, and receive digital assetsD-NFT: NFT marketplaceD-Swap: A decentralized exchange (DEX) built on D-Chain with lottery and prediction game includedOther features under development include the D-Ecosystem Payment system (zero fees), the world's first cross-chain IDO Launchpad, DUSD stablecoin, D-Messenger, D-P2P, D-Space, and D-Meta.About D-EcosystemD-Ecosystem is a decentralized, open-source blockchain ecosystem including a public chain, own payments system, own DEX, wallet, NFT marketplace, and much more. It gives blockchain users the tools they need to transact securely and privately while accessing a range of powerful DeFi services.For more information, visit:Website | Twitter | Telegram | Telegram Announcements | Discord | Medium | Linkedin | YouTube | Facebook | [email protected]

Bitget, the world's largest crypto copy trading platform, has taken a groundbreaking step towards greater transparency in centralized exchanges by partnering with Space and Time. The move will provide unparalleled exchange operations transparency. More Exchange Transparency is Required As the first centralized exchange to leverage a decentralized data warehouse, Bitget offers its users verifiable evidence that the exchange holds the assets it claims to own on behalf of its clients. Moreover, users will have full transparency about the exchange's activity, liquidity, assets, and liabilities with the assurance that the data and computation powering the exchange is accurate and haven't been tampered with. Even though most centralized crypto exchanges publish proofs to assure users that their assets exist, the accounting of financial operations is conducted in opaque, black-box systems. With Space and Time's technology, Bitget will provide proof of accounting and assure its users that all exchange operations are both valid and verifiable. Gracy Chen, Managing Director of Bitget, said, "More than ever, users want to see transparency from exchanges. Bitget is first to work toward transparency of proof of accounting and operations through Space and Time." Space and Time Breaks Ground Space and Time is the first decentralized data warehouse that joins tamperproof on-chain and off-chain data, providing a verifiable and transparent financial economy. The company has developed a novel cryptography called Proof of SQL that cryptographically proves that query computations were done accurately and that both the query and the data are tamperproof. Nate Holiday, CEO and Co-Founder of Web3 data warehouse Space and Time, said, "This partnership marks a new era of transparency for centralized businesses." Bitget will leverage the Space and Time data warehouse to run verifiable computations against verifiable on-chain and off-chain data, strengthening the trust it has built with its growing user base as it continues to expand its product offerings to become a one-stop investment solution. 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.

Bitcoin is steady at around $27,000 to $28,000, but a diamond top pattern has formed, suggesting a reversal. Won&rsquo;t this just be a buy-the-dip opportunity? Reversal coming? Bitcoin has been moving sideways for the tenth day in succession. The price hasn&rsquo;t been able to hold above $28,300, but has formed a base at around $26,900. A classical diamond pattern has now formed and it should be known by Tuesday in which direction bitcoin will move out of the pattern. Given that the pattern is usually found at the top of a trend, the most likely move is downwards. The measured move for the pattern is taken by measuring the height of the diamond and then taking this measurement from the breakdown. This would suggest a breakdown to $25,400 if the pattern breaks today. Source: Forextraininggroup.com With the 0.618 Fibonacci level sat just below at $25,300, together with a very strong support level at $25,250, this could be the perfect place to buy the dip. Source: TradingView No asset, not even bitcoin, can just keep going up without any corrections. A reversal back to $25,000 is healthy and also allows speculators to buy more. Bitcoin price not so important The banking system is on incredibly shaky ground, even given the fact that the Federal Reserve, and European central banks, are backstopping depositors&rsquo; cash. Besides having to use banks for payroll and for paying bills, there aren&rsquo;t too many more reasons why anyone would want to keep their fiat currency in banks. When inflation and further central bank printing is taken into account, the value of a fiat currency is only going to go down. Bitcoin has a potential downside of 50% perhaps, if it goes back down to test the lows. Whereas the upside of one of the only assets that gets people out of the banking system is far, far greater. Does it really matter about the price when the asset in question, bitcoin, provides a potential trapdoor out of a banking system that lives on life support, and is surely not far from failing completely. 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.

Coinbase explained that it is now “more important than ever” to build an inflation-tracking stablecoin that negates economic uncertainty caused by the legacy financial system.