Waves(WAVES)

Singaporean law enforcement has revealed that it has launched an official probe against defunct Terraform co-founder Do Kwon. Singapore Police Launches Investigation In an email sent on Monday, local Singaporean police revealed they had begun a probe connected to Do Kwon and his Terraform Labs. The emails claim that “investigations have commenced in relation to Terraform Labs” while mentioning that Do Kwon is not in Singapore. Do Kwon is not in any dearth of legal trouble, considering the fact that he has faced lawsuits from multiple authorities and entities. The investigations are related to one of the biggest catastrophes in the crypto market in 2022 - the collapse of the TerraUSD (UST)/LUNA ecosystem after the UST stablecoin lost its dollar peg. As a result, Terra Luna lost 99.9% of its value. The incident sent out shockwaves in the entire industry and led to billions of dollars worth of valuation being completely wiped out from the market. It also had a domino effect, with other crypto exchanges and firms that had been exposed to the stablecoin suffering dire consequences. Of these, crypto hedge fund Three Arrows Capital (3AC) and crypto lending platforms Voyager Digital and Celsius Network are the most notable. The SEC Lawsuit On February 16, the United States Securities and Exchanges Commission (SEC) named Do Kwon and Terraform Labs in a lawsuit, alleging that the former CEO knowingly committed fraud, namely a multibillion-dollar crypto asset securities fraud. The SEC probe, although criticized by many in the industry, had unveiled the fact that Kwon removed around 10,000 BTCs from the Terra platform and the Luna Foundation Guard (LFG) and then converted them to fiat currency. The Singapore police will undoubtedly look into this information further, especially since the SEC has alleged that Kwon has laundered over $100 million worth of Bitcoin even after the Terra platform collapsed. Where Is Do Kwon? Do Kwon has not commented on the recent allegations from SEC or the Singapore police. The company and its founder have also been investigated by South Korea. The authorities of this Asian country had issued a warrant for Do Kwon’s arrest, and even sent police forces to Serbia in order to locate him. This highlights one of the main challenges of the situation - no one knows where he is. However, that has not prevented him from being quite active on Twitter, where he has been very vocal about the entire incident up until February. 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.

Crypto exchange Coinbase has purchased One River Digital Asset Management (ORDAM) as the firm aims to improve its services and take advantage of the weak valuations of digital asset firms. Coinbase announced in a blog that it acquired ORDAM, a “premier institutional digital asset and SEC-registered investment adviser.” The exchange further announced that ORDAM would transition to become Coinbase Asset Management (CBAM). CBAM is to operate “as an independent business and a wholly-owned subsidiary of Coinbase.” Coinbase said the decision to acquire ORDAM aligns with its long-term plans to “unlock further opportunities for institutions to participate in the cryptoeconomy.” Coinbase’s blog reads: In furthering our goal of bridging the gap between institutions and the cryptoeconomy, we’re excited to announce that Coinbase has acquired One River Digital Asset Management, a subsidiary of One River Asset Management. An SEC-registered investment adviser, ORDAM will form the foundation of Coinbase Asset Management and offer investment advisory services to a range of new and existing institutional clients. ORDAM is a digital asset manager providing institutional clients with the opportunity to buy digital assets through investment products. The Coinbase announcement further states that Eric Peters will continue to serve as chief executive of CBAM and One River Asset Management, the parent company of ORDAM. Coinbase added: Coinbase and ORDAM share an ethos grounded in prudent risk management, a trait which has enabled both firms to successfully navigate the recent market turmoil. Culturally, our two organizations are strongly aligned on pursuing the opportunity in digital assets with an uncompromising priority on safety and soundness. With this acquisition, we are excited to welcome ORDAM’s best-in-class team to Coinbase and to partner more deeply to expand institutional access to digital assets. Coinbase Makes Waves in Crypto News Coinbase has been very active in the space of late and most recently announced that it launched Base – an Ethereum layer-2 network. Coinbase says that Base offers a low-cost, secure, and developer-friendly network for building decentralized applications on the blockchain. 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.

[PRESS RELEASE – Please Read Disclaimer] New York, NY. DST Labs is excited to announce the launch of “Bloxies,” a limited edition collection of pixel-art PFP (Profile Pictures) NFTs set to make waves in the digital art community. Following in the footsteps of other popular NFT projects like Moonbirds, Bored Apes, and Cryptopunks, Bloxies features […]

As the world continues to embrace cryptocurrency, investors are keeping a close eye on the leaders of the pack. Uniswap (UNI), Stellar (XLM), and Orbeon Protocol (ORBN) are currently the ones making waves, leading the charge in the world of crypto. Setting the bar high regarding performance and innovation. While Uniswap (UNI) and Stellar (XLM) […]

Recently, two established cryptocurrencies, VeChain (VET) and Polkadot (DOT), have been experiencing a surge in both popularity and price. But Orbeon Protocol (ORBN) is currently making waves in crowdfunding and investments. With the promise of helping companies attract investors and retain loyal customers through a secure and transparent platform, Orbeon Protocol (ORBN) has seen an […]

In wave theory, market trends unfold in five waves, three of which represent the primary trend and the other two mark partial retracements within the primary trend. Bitcoin's year-to-date rally seems to be a retracement wave ahead of the final leg lower, QCP Capital said.

Analysts think the cryptocurrency market is set for an exciting year, with Ripple (XRP) and Orbeon Protocol (ORBN) leading the charge. Ripple (XRP) has long been popular for banks and financial institutions looking to improve their cross-border payment capabilities. At the same time, Orbeon Protocol (ORBN) is a revolutionary new crowdfunding platform that simplifies raising funds from the DeFi market for startups. Orbeon Protocol (ORBN) has already seen remarkable growth, increasing by 1815% in the eight presale rounds. After the presale ends, the price of a token is expected to surge by an impressive 6000%, from its current $0.004 to $0.24. These two blockchain-based platforms are set to make waves in the crypto market. >>BUY ORBEON TOKENS HERE>BUY ORBEON TOKENS HERE<< Orbeon Protocol (ORBN) Predicted to Spearhead the Crypto Market with 6000% Gains Orbeon Protocol (ORBN) is a revolutionary new crowdfunding platform that makes it simple for entrepreneurs to raise capital from the world of cryptocurrencies. Orbeon Protocol (ORBN) functions by issuing equity-based NFTs to startups that reflect ownership of a company's underlying assets. Orbeon Protocol (ORBN) is beneficial for startups and investors alike. By utilizing NFTs to represent equity, investors may purchase into businesses with a fraction of the capital that was previously required. Orbeon Protocol (ORBN) has offered investors vital safety measures. Each smart contract for fundraising has a "fill or kill" mechanism that recovers investments from projects that fail to raise the requisite amount of money within the set time frame. Orbeon Protocol (ORBN) delivers unmatched consumer safety as it has undergone a rigorous audit by Solid Proof. The Orbeon Protocol (ORBN) ecosystem is comprised of four unique components: Orbeon Protocol (ORBN) Exchange, Orbeon Protocol (ORBN) Swap, Orbeon Protocol (ORBN) Wallet, and the Orbeon Protocol (ORBN) Metaverse. Orbeon Protocol (ORBN) tokens power this ecosystem. Analysts anticipate that the price of Orbeon Protocol (ORBN) tokens will climb by 6000% after the presale concludes, from its initial price of $0.004 to $0.24. Following an 1815% surge, the Orbeon Protocol (ORBN) token price has hit $0.0766 in the eighth presale phase. Find Out More About The Orbeon Protocol Presale Website: https://orbeonprotocol.com/ Presale: https://presale.orbeonprotocol.com/register 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.

There's a new technology that's been quietly making waves in the crypto world and it is called Orbeon Protocol (ORBN). Now in the last phase of the presale, Orbeon Protocol (ORBN) is making a name for itself and is set to be the next big thing in cryptocurrency. Let's see how it compares to the likes of Ethereum (ETH) and Bitcoin (BTC). >>BUY ORBEON TOKENS HERE>BUY ORBEON TOKENS HERE>BUY ORBEON TOKENS HERE<< Bitcoin (BTC) Bitcoin (BTC) is THE original cryptocurrency and still the most well-known digital asset in the world. While Bitcoin (BTC) doesn't have the same functionality as Ethereum (ETH), it remains the prominent store of value in the crypto space. Bitcoin (BTC) has seen explosive growth since its inception in 2009, with Bitcoin (BTC)'s market capitalization reaching $1 trillion last year. As investors look to diversify their portfolios, Bitcoin (BTC) is becoming more attractive as a hedge against inflation and for long-term investments. 2022 saw Bitcoin (BTC) slump somewhat, with a price drop of more than 75% to lows of $15,600. Bitcoin (BTC) has since bounced back and targeting a breakout above $24,000. While Ethereum (ETH) may be the go-to choice for developers looking to create decentralized applications, Bitcoin (BTC) will remain the preferred choice for investors seeking a safe haven to store their wealth. Find Out More About The Orbeon Protocol Presale Website: https://orbeonprotocol.com/ Presale: https://presale.orbeonprotocol.com/register 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.

"A great investor once said, 'If you're not investing for the long-term, I don't know what you are investing for.'" While traders and speculators can decide to hop in and out of a market since they seek little profit in some minutes or hours, investors are not permitted to do this; short-term investment or getting out of trades at the sight of a correctional move downwards defeats the sole purpose of investment. A real investor seeks to maximize capital gains and huge portfolio returns by holding specific assets with good value propositions for not less than five years. The cryptocurrency assets tipped for long-term profitability when invested in are BTC, MATIC, and RENQ. Bitcoin (BTC) Impossible to omit the mother of all cryptocurrencies when listing the assets that can yield huge profits when held for long. Bitcoin is the foremost of all cryptos, it was created in 2009 and the identity of the creator remains pseudonymous; Satoshi Nakamoto. It is both a network and a digital payment currency, Bitcoin operates freely without any governmental control and functions on the proof-of-work model. BTC has stood the test of over a decade making it a valid investment choice for the future; The coin has a capped maximum supply to be burned and with a majority of the currency already in circulation, its price is expected to keep soaring with time as its demand grows (Demand is expected to grow since BTC exhibits the real quality of money of being Scarce). Several corporations and countries have adopted the currency for payments. Bitcoin is expected to keep on making waves and yield high profits for the long-term HODLers. >>>>> BUY RENQ TOKENS HERE >>>> BUY RENQ TOKENS HERE >>>> BUY RENQ TOKENS HERE <<<<< Visit the links below for more information about RenQ Finance (RENQ): Presale:https://renq.ioWhitepaper:https://renq.io/whitepaper.pdfTelegram:https://t.me/RENQFINANCE 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 regulatory action taken against cryptocurrencies as of the beginning of the year is unprecedented. Adding to the industry&rsquo;s woes is Senator Elizabeth Warren, who is now cultivating an anti-crypto coalition under U.S. politicians. Elizabeth Warren has identified herself as the official thorn in crypto&rsquo;s side. The Massachusetts Democrat is now trying to recruit a host of politicians to join her in her crusade. A recent piece by POLITICO reveals Sen. Warren&rsquo;s attempts to recruit conservative Senate Republicans to join her cause and has unfortunately been gaining traction in her effort. Warren has seen the most support from bank lobbyists, who, for their own (selfish) reasons, want to stop further digital asset startups from seeing the light of day. Sen. Warren Emerges as Lead Lawmaker on Crypto Oversight Senator Warren, a member of the Senate Banking, Housing, and Urban Affairs Committee, has established herself as Washington&rsquo;s lead lawmaker on crypto oversight. In September 2022, Warren sent a letter to Treasury Secretary Janet Yellen calling on Treasury and the Financial Stability Oversight Council (FSOC) to establish a robust regulatory framework for the crypto sector. The Senators voiced her concerns over the industry by saying: I am deeply concerned by the volatility of the cryptocurrency market and the inadequate regulatory environment in which crypto scams, fraud, theft, and evasion continue to run rampant and mom-and-pop investors&rsquo; savings have evaporated. I urge you to take steps, both in your capacity as Treasury Secretary and as Chair of the Financial Stability Oversight Council, to protect the integrity of the American sanctions regime, reduce the effects of climate change and the burden on our energy infrastructure, ensure the safety and stability of our financial system, and protect consumers and investors. Warren Cites Issues of National Security Among Her Concerns Part of Warren&rsquo;s anti-crypto campaign is trying to gather support for a bill that would have far-reaching implications for the sector. According to POLITICO, Warren&rsquo;s bill would include more onerous anti-money laundering restrictions, including requirements for more crypto service providers to verify their customers&rsquo; identities. Clearly, Warren is not concerned with issues of privacy, decentralization, and the very core of what makes cryptocurrencies so revolutionary &ndash; the absence of government involvement and interference. The Senator is citing issues of national security as her focus for crypto legislation but raises concern about many issues, including consumer protection and environmental impact. One of the main issues Warren&rsquo;s legislation wants to zero in on is money laundering. She argues that regulators have measures in place to address consumer fraud but said that &ldquo;money laundering is in a different space.&rdquo; Warren said in an interview: The current legal structure essentially holds up a giant sign over crypto that says, money laundering done here. Crypto Advocates Reject Warren&rsquo;s Assertions Advocates of the crypto sector have attempted to reject the Senator&rsquo;s anti-money laundering bill and criticized it in the harshest terms calling it &ldquo;a broad, unconstitutional threat to privacy that could sweep a range of software products beyond just finance-focused digital assets,&rdquo; according to POLITICO. Various former regulators also take issue with Warren&rsquo;s bill. Aside from the fact that the Treasury Department&rsquo;s Financial Crimes Enforcement Network has been monitoring illicit finance in the crypto sector, specific measures are in place to prevent further unlawful financial activities within the industry. Centralized crypto exchanges registered as money transmitters are already required to verify customer identities, but the Senator&rsquo;s bill would require this from more entities, including digital asset wallet providers and crypto miners. Liz Boison, a former federal prosecutor who worked at the Consumer Financial Protection Bureau when Warren launched the agency, said: It&rsquo;s so vague and broad-reaching that just understanding and implementing its ramifications could take years. Blockchain Association CEO, Kristin Smith, commented on Warren&rsquo;s attempt to stifle the industry and said lobbyists are dismissing the bill for similar reasons: We have multiple senators who would probably filibuster something like this. There is Widespread Support For Warren&rsquo;s Approach to Cryptocurrencies Unfortunately, Warren has received support for her position against cryptocurrencies. The concern over money laundering is something that is shared across the aisle. The fall of FTX left a bad taste for most in the industry. Paul Merski, who leads congressional relations at the Independent Community Bankers of America, commented: It&rsquo;s up to the crypto sector to prove at this point that they&rsquo;re safe, secure, and superior, and I don&rsquo;t think they&rsquo;ve made that case. Further, Senator Warren has managed to onboard Senator Roger Marshall to co-sponsor her bill. Marshall was outspoken about his concerns about crypto&rsquo;s use in ransomware cyberattacks and drug trafficking. Sen. Marshall has said that he hopes to gain support from bankers, who themselves have to comply with illicit finance safeguards. Opinion Whether or not Warren receives further support for her anti-crypto legislation remains to be seen. However, the concern among the crypto community remains that U.S. lawmakers have launched a targeted attack to stifle the industry, as evidenced by the SEC&rsquo;s relentless pursuit of crypto-related firms since the debacle with FTX sent shockwaves through the industry. Unfortunately, as the U.S. is the superpower it is, regulators across the world are likely to follow in its footsteps, meaning that the future is very uncertain when it comes to the digital asset industry. Investors are likely to take a more hesitant and cautious approach when choosing where to invest their wealth. 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.

Cardano has scored many wins since the year 2023. The Blockchain is one of the few proof of stake chains constantly making waves across the cryptocurrency market.

A mysterious Dogecoin whale has emerged out of the blue and is making waves.

London, United Kingdom, 2nd February, 2023, ChainwireThe Metacade presale is selling out fast with stage 3 coming to a close after just 12 days. The presale of the play-to-earn (P2E) metaverse arcade saw its previous rounds sell out within 4 weeks, raising $2.7 million but this has been dwarfed in comparison to the third stage selling out at lightning speed and bringing the project to raise past $5 million in just several days. Metacade is set to deliver the ultimate blockchain gaming experience, merging the worlds of gaming and crypto in a seamless and exciting way. Development of the P2E arcade is well underway and platform designs have already been shared with the ever-growing Metacade community on the arcade&rsquo;s Twitter page. 157.5 million tokens will be available in stage 4 where investors may purchase tokens before the next presale round, which will see the token price increase to $0.016. Russell Bennett, Head of Product for Metacade, said: &ldquo;Investor confidence in the project is high and token demand is continuing to increase. We know that the Metacade project has solid fundamentals, a strong team, and the power to make waves in the GameFi industry - it&rsquo;s clear that crypto and GameFi investors have caught onto this too.&rdquo; With incredible momentum already behind the Metacade project, it will not be long before the presale tokens sell out and MCADE is released on exchanges. The token will be listed on both centralized and decentralized exchanges, giving the public a variety of ways to purchase the token. MCADE will be listed Bitmart, a leading global cryptocurrency exchange ranked 21st in the CoinMarketCap exchange rankings, followed by a top 10 exchange listing that is soon to be revealed. Amongst the DeFI exchanges, investors will be able to find MCADE on Uniswap, amongst other well-known and trusted token exchanges. With its play-to-earn arcade built on the Ethereum blockchain, Metacade is primed to be the go-to place for gamers and crypto enthusiasts. The platform boasts innovative and essential features such as leaderboards, trending games, GameFi alpha, and more that will set it apart from other blockchain gaming platforms. Play-to-earn is at the heart of the platform but gaming isn&rsquo;t the only string to Metacade&rsquo;s bow. The platform is going above and beyond to support the gaming community by launching a jobs board and Metagrants initiative to attract the best game developers to build their games on the platform. It will be a place to earn, learn, and connect like never before. The Metacade is powered by the MCADE token, which will be essential for any transactions on the platform. MCADE will be used to reward players for their efforts across the platform, from gaming and tournament participation to sharing gaming alpha and writing GameFi reviews. MCADE holders can also top up their income by staking their tokens to support the arcade&rsquo;s network. The P2E GameFi platform received the ultimate seal of approval from the prestigious blockchain auditing firm Certik. That places Metacade among the ranks of Polygon, ApeCoin, and BNB Chain as a trusted player in the world of crypto. With Certik's cutting-edge technology, it thoroughly analyzed and evaluated every aspect of Metacade's specifications and code. It also performed a full KYC on the Metacade team to confirm their authenticity and bring even more transparency to the project. The full audit results are available on the Certik website. About Metacade Metacade is the premier destination for gaming in the metaverse. As Web3's first community arcade that allows gamers to hang out, share gaming knowledge and play exclusive P2E games. The platform offers users multiple ways to generate income, build careers in Web3, and connect with the wider gaming community. Metacade will be the one-stop destination for users to play, earn, and network with other passionate gamers worldwide. Once the project reaches the end of its roadmap, Metacade will be handed over to the community as a full-fledged DAO. After all, Metacade wants users to have a hand in shaping the GameFi world of tomorrow. For more information, visit: Website | Whitepaper | SocialsContactHead of ProductRussell [email protected]

The word &ldquo;tokenomics&rdquo; and the phrase &ldquo;token economy&rdquo; are very often used interchangeably when people are talking about the world of crypto and digital assets. Yet the two terms actually represent different concepts, and it&rsquo;s important for anyone seriously considering investing in a crypto ecosystem to understand exactly what they mean. So let&rsquo;s dive straight in and see what they are! What Is Tokenomics? Tokenomics is a portmanteau of the words &ldquo;token economics&rdquo; and it can be thought of as the rules that govern the issuance and supply of a specific cryptocurrency or digital token. The thing to understand about cryptocurrencies is that, while they can have a maximum supply or be unlimited, their distribution schedule is hard-coded into the blockchain that underlies them. In addition, some digital assets also have coded mechanisms that allow for the removal of tokens from circulation by being &ldquo;burned&rdquo;, in order to reduce the circulating supply. These rules, which can only be changed if there is a community consensus, are what determine an asset&rsquo;s tokenomics. Using tokenomics, it&rsquo;s possible to predict with a high degree of accuracy how many coins will exist by a certain date, and also determine which group of users are likely to own the most tokens. To understand how tokenomics works, we can use Polkadot as an example. The initial distribution of its DOT tokens saw 30% allocated to the Web3 Foundation, which develops the blockchain. It also saw 3.42% allocated to private sale investors, 5% allocated to SAFT investors, 50% allocated to auction investors, and 11.5% set aside for future sales. Polkadot&rsquo;s launch began in May 2020 with its Relay Chain Genesis Block, when the first swathe of tokens were distributed to the Web3 Foundation and offered for sale. Unlike many blockchains, there is no capped maximum supply of DOT, with new tokens issued as rewards via the protocol&rsquo;s staking mechanism. However, it&rsquo;s possible to map the supply schedule of DOT, as shown in the image below. We can see that the supply of DOT is expected to reach around 1.5 billion in 2025. What Is The Role Of Tokens? Crypto tokens serve different purposes in different projects. Bitcoin, for instance, is simply used as a digital currency and a store of value, often referred to as a kind of &ldquo;digital gold&rdquo;. However, other tokens have greater utility than simply representing value, enabling holders to access products and services based on the underlying blockchain, rewarding users for taking certain actions, and being used for governance rights. Bitcoin and other digital currencies, such as Litecoin, are more often than not known as &ldquo;coins&rdquo;, whereas assets like Ethereum, which provide additional utility, are more correctly described as &ldquo;tokens&rdquo;. Tokens are an essential ingredient in the tokenomics of a specific blockchain project or application. They often represent ownership of a project, hence the distribution of tokens between its founding team and investors is often specified in its whitepaper. Token sales are used by projects as a way of raising capital when they first launch. New tokens will be issued on the blockchain, as per the tokenomics described in the project&rsquo;s whitepaper. Additionally, tokens often play a role in a project&rsquo;s governance, with each community member&rsquo;s voting power determined by the number of tokens they hold. When new crypto projects launch, it&rsquo;s usually the founding teams that make the decisions, before evolving to a community governance model once the project has become more established. From then on, the community gets to vote on the implementation of new features. Tokenomics vs Other Economic Models Tokenomics refers to an economic model that&rsquo;s designed specifically to support a decentralized blockchain network or decentralized application. Meanwhile, traditional economics is based more on the prediction of specific events or human behavior. Within traditional economies, a centralized institution such as a central bank will control the supply of money, and is free to issue new currency whenever it sees fit. Meanwhile in tokenomics, the supply is controlled by hard-coded algorithms and cannot be altered unless a majority of the project&rsquo;s community agrees, and votes to do so. What Is The Token Economy? Now that we understand what tokenomics is, let&rsquo;s take a look at the token economy, which regards how tokenomics are applied within a much wider digital ecosystem. To understand the token economy, we can look at another example. By far the biggest token economy at present is Ethereum, a decentralized, open-source blockchain with smart contract functionality that serves as the foundation of a growing ecosystem of dApps and decentralized autonomous organizations. Ethereum&rsquo;s native token ETH is currently the second most valuable cryptocurrency by market capitalization, presently worth around $201.5 billion, but in fact the total value of its ecosystem is far larger than that. This is because, unlike Bitcoin, Ethereum is not just a digital currency, but rather a decentralized computing platform where developers can build all manner of dApps, including digital art in the form of NFTs, stablecoins such as Tether and USD Coin and DeFi apps such as Uniswap and Compound. Here&rsquo;s a quick view of the top tokens that make up Ethereum&rsquo;s ecosystem: As we can see, ETH is merely the most visible part of the wider Ethereum token economy. So we can picture Ethereum as an iceberg, in which ETH is merely the chunk of ice that can be seen floating above the waves. Meanwhile, the various dApps and projects that build on Ethereum operate their own utility tokens, and these are the ones that are just below the waterline, making up the bulk of its token economy. Within Ethereum&rsquo;s, or any other blockchain&rsquo;s token economy, there are two kinds of tokens. First there is the Layer-1 token, which in Ethereum&rsquo;s case is ETH. Other examples of Layer-1 tokens include BNB on Binance Chain, DOT on Polkadot and AVAX on the Avalanche blockchain. Then we have the Layer-2 tokens, which are the utility tokens of the dApps built atop of a blockchain. Examples include the aforementioned stablecoins USDT and USDC, and the tokens of DeFi projects such as Compound (COMP) and Lido DAO (LDO). The collective value of Ethereum&rsquo;s token economy, which encompasses the market cap of all tokens minted on its blockchain, was worth $506.8 billion at the time of writing - making it far greater than the value of ETH alone. Alternative Token Economies Ethereum is not the only token economy in existence. Since its inception in 2015, a number of rival blockchains have emerged, claiming to be faster and more scalable, and their improved transaction speeds, lower costs and higher throughput have attracted a great deal of developers. As a result, projects like Avalanche have established thriving token economies of their own. What&rsquo;s curious about Avalanche is that its native asset, AVAX, is not even the most valuable token within its ecosystem. In fact, there are four well-known stablecoins that all have a significantly higher market cap than AVAX at present: A recent trend that has emerged in the crypto industry is the rise of more specialized networks that have been specifically designed to support the establishment of token economies. An example of this is Unit Network, which has created a token economy infrastructure for the creation and management of DAOs, or decentralized autonomous organizations. With Unit&rsquo;s infrastructure, anyone in the world can set up their own cryptocurrency, complete with its own tokenomics structure. Unit Network is particularly interested in helping businesses, industries and cities to create their own digital tokens, with its primary goal being to solve wealth inequality by creating token economies that transform the role of money in society, similar to how the internet transformed the way information is communicated across the world. The primary Layer-1 token within Unit Network&rsquo;s token economy is its native asset UNIT, but its infrastructure supports the creation of a range of tokens, including so-called &ldquo;City tokens&rdquo; that aim to power decentralized economies within their communities. To date, it has created more than 30 city tokens, including AMSTERDAM, LOSANGELES, PARIS and SANFRANCISCO. Unit&rsquo;s protocol also supports &ldquo;Industry tokens&rdquo; such as ART, BIKE, BOAT and CAR. Each individual City and Industry token has its own, distinct tokenomics and is governed by an open DAO that consists of individuals, businesses and communities within a specific city or industry. The individual tokens are a digital currency that&rsquo;s backed by crypto assets such as BTC, ETH and UNIT. They can be used to buy products and services from participating businesses via City or Industry token community stores, and to transfer payments between users. As well as its City and Industry tokens, Unit Network&rsquo;s token economy supports 22 different stablecoins that aim to increase its platform utility. USDU, which is pegged to the U.S. dollar, serves as the primary utility and exchange pairing token with the Unit token economy. Other stablecoins include EURU (pegged to the euro), and BTCU, ETHU and DOTU (pegged to BTC, ETH and DOT, respectively). Bottom Line Understanding the tokenomics of any digital asset is an absolute must for anyone who&rsquo;s considering investing in a crypto project. The tokenomics of a digital asset can help users to understand the mechanics of how a particular dApp&rsquo;s economy works, as well as its supply and distribution, thus gaining insights into its true value. Token economies meanwhile refer to the concept of a wider ecosystem made up of numerous projects and digital assets, each with their own tokenomics. The goal of such networks is to build up a thriving community of integrated projects that feed off of one another&rsquo;s success, helping the ecosystem to grow and become more valuable together. 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.

ALSO: Shaurya Malwa writes that Waves’ decision to abandon the stablecoin model underlines a decline in this sector stemming from the Terra UST implosion and other debacles. Bitcoin rides past $24.1K at one point.

Due to the prolonged global beer market, lots of crypto traders and investors have had to abandon big projects like Bitcoin (BTC) and Ethereum (ETH) for fear of the unknown. Their fear is simple: they already lost money, so they don't want to continue losing their hard-earned money. Most of these investors and traders are turning to a viable project like OrbeonProtocol (ORBN). Orbeon Protocol (ORBN) has delivered impressive performance in the short period it hits the market. Cardano (ADA) and Solana (SOL) are great projects that launched with massive potential, but the bear market limited its performance and growth rate. >>BUY ORBEON TOKENS HERE>BUY ORBEON TOKENS HERE>BUY ORBEON TOKENS HERE<< Orbeon Protocol (ORBN) Rallies 1400% As Presale Phase 4 Rolls On Orbeon Protocol (ORBN) started its presale campaign at an initial price of $0.004 per token, but has now surged by over 1400% to sell at $0.06 at the ongoing presale stage 4, which is scheduled to end in days. Experts had predicted that with the high demand of a viable crypto project that will beat the prolonged bear market, Orbeon Protocol (ORBN) will grow by 6000%, and that prediction is coming to reality. Orbeon Protocol (ORBN) is the world's first decentralized launchpad and a crowdfunding platform. The project lets you to fractionally invest in early stage businesses with as low as $1 to earn a decent ROI on your investment. Startups can approach the Orbeon Protocol (ORBN) platform to raise funds to run their businesses and give their marketing campaigns a boost. The Orbeon Protocol (ORBN) team has partnered with social influencers to improve the token price point and also offer more value to token holders. As Orbeon Protocol (ORBN) is a new project that is making waves, investors are joining the bandwagon in droves. If investors are looking for a viable project to invest in, OrbeonProtocol (ORBN) has got them covered. Find Out More About The Orbeon Protocol Presale Website: https://orbeonprotocol.com/ Presale: https://presale.orbeonprotocol.com/register Telegram: https://t.me/OrbeonProtocol 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.

Cardano (ADA) continued to make waves in the cryptocurrency market towards month's end after an epic rise of over 50% since the start of the year.

EOS, the blockchain once famously entangled in a protracted dispute with developer Block.one, is now out on its own and making a bid for web3 relevance. Once at the center of a jaw-dropping $4 billion ICO, EOS has had a major facelift, and since severing ties with Block.one has been managed by the nonprofit EOS Network Foundation DAO led by long-time developer Yves La Rose. As acknowledged by La Rose himself, it&rsquo;s been a year since EOS &ldquo;was on life support, left for dead.&rdquo; But the past 12 months has seen this sleeping giant finally awaken, with a slew of positive developments positioning it for rapid growth in 2023. Don&rsquo;t Call It a Comeback The EOS narrative was toxic for a number of years, a consequence of its nasty divorce from Block.one. A blow-by-blow account of the head-scratching imbroglio was provided by Wired in an article that went viral last May. But EOS, it&rsquo;s fair to say, has come out the other side, with a renewed focus on building impactful products that web3 users want and need. EOS might have missed the lucrative DeFi boom, but it&rsquo;s clearly positioning itself for the next one, having introduced support for Tether (USDT) in addition to DeFi-centric products like the Yield+ liquidity program and Recover+ insurance layer. It even has its own VC, EOS Network Ventures (ENV), which manages a $100m war chest to invest in web3 protocols. Perhaps the biggest sign that EOS has reopened for business concerns the EOS Ethereum Virtual Machine (EVM) that La Rose recently teased was &ldquo;around the corner.&rdquo; As the backbone of number-one DeFi network Ethereum, the EVM provides developers with a run-time environment to build dApps and other protocols, executing the smart contracts which all DeFi products rely on. Little wonder, then, that numerous blockchains, from Avalanche and Solana to Polygon and Cardano, have invested heavily in achieving EVM compatibility. According to La Rose, however, the upcoming EOS EVM is &ldquo;by far the most performant,&rdquo; capable of processing over 800 swaps per second &ndash; four times faster than Solana. The EOS Network Foundation is set to manage EVM as a public good, running an RPC node to guarantee uptime and offering funding to developers keen to build on the platform. What&rsquo;s more, the EVM will be powered by the $EOS token. The mainnet is expected to go live in March. IBC: A Blockchain Bridge Killer? Inter-Blockchain Communication (IBC) represents another notable coup for EOS. Considered by many to be the Holy Grail of blockchain, IBC lets two separate blockchains communicate with each other, sharing data about their individual ledgers and thus permitting the transfer of tokens from one to the other. If realized, IBC could make the unstable bridges currently used by traders to ferry tokens across blockchains obsolete overnight. Something likely to be roundly cheered given the four most costly DeFi hacks of 2022 were bridge exploits (Ronin, the BNB Smart Chain bridge, Wormhole, Nomad). Several blockchain platforms are aggressively pursuing IBS, including Cosmos and Polkadot, and EOS is doing the same via the Antelope IBC soon to launch on the EOS mainnet. Antelope, a community-led protocol that EOS invested $10m in last year, is an open framework for building user-friendly web3 products and services. Backed also by Telos, WAX and the UX Network, Antelope's IBC purports to enable &ldquo;nearly limitless horizontal scaling for EOS and all other Antelope-powered chains.&rdquo; Antelope facilitated the first-ever IBC wrap token transfer between EOS and the UX Network earlier this month, with La Rose remarking that the &ldquo;EOS IBC era is upon us.&rdquo; If Antelope does indeed help users move tokens and execute cross-chain functions independently &ndash; without having to rely on vulnerable bridge infrastructure operated by permissioned parties &ndash; it&rsquo;s easy to see it taking off. While the Antelope IBC does still use a bridge, it happens at the chain&rsquo;s base layer rather than via a third party. There is a certain romance in the idea that EOS could return from the brink and actually shake off the controversy of that ICO, in the process becoming a go-to chain for DeFi users. But it wants to go much further, setting itself a lofty goal of encouraging mass adoption and positioning its technology at the forefront of innovation. Whether it succeeds or not, it&rsquo;s been an undeniably bright start to the year for a project determinedly fixated on its future. 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.

[PRESS RELEASE – Manila, Philippines, 19th January 2023] BlockchainSpace CEO and Founder Peter Ing, Metasports CBO and Co-Founder Lars Hernandez, and Metasports CEO and Co-Founder Joe Josue are optimistic that the majority acquisition of Metasports will make waves in Web3 and bring great value to their stakeholders in the coming years. lockchainSpace (BSPC), the leading […]

Plus: Sam Reynolds questions the logic of calls to ban crypto, arguing that it has little chance of causing problems in traditional finance.

Waves earlier blamed "misinformation" by centralized entities claiming to have caused significant "distress" to the ecosystem.

Sasha Ivanov, the founder of decentralized blockchain Waves, has asked centralized exchanges to deactivate futures markets tied to its native WAVES token.

Days after USDN lost its peg with USD, Waves CEO and founder Sasha Ivanov promised that his new stablecoin will be “undepeggable."

USDN, the algorithmic stablecoin of the Waves ecosystem, fell as low as $0.53 early Tuesday.