XYO Network(XYO)

The Securities and Exchange Commission and the Department of Justice brought charges against three individuals. However, the SEC’s assertions that cryptocurrencies are securities are what caught everyone’s attention and could hold greater implications for the crypto space. SEC Labels Nine Digital Tokens As “Securities” The US Securities and Exchange Commission used the backdrop of its first insider trading case on Thursday to declare nine digital tokens as securities. The declaration is significant with the SEC looking to define its oversight of cryptocurrencies through its enforcement actions. The federal regulator had filed a complaint on Thursday, alleging that a former Coinbase product manager had engaged in insider trading, giving his brother and another friend tips on what assets Coinbase would be listing. In this complaint, the SEC declared that nine of the crypto assets listed in the complaint were securities. A New Development The SEC identifying cryptocurrencies as securities is not new. However, it did so in settlements with the issuer or enforcement actions. The complaint registered on Thursday was the first time the SEC identified cryptocurrencies as securities without charging issuers or with the exchange even listing the assets. The tokens mentioned in the complaint were AMP, RLY, DDX, XYO, RGT, LCX, POWR, DFX, and KROM. Setting A Precedent? So far, the Securities and Exchange Commission has refused to comment on the matter or if Thursday’s complaint was setting a precedent around how it would identify assets that it sees as securities. It also declined to comment on whether it was planning on bringing any future charges against exchanges that listed the assets mentioned in its complaint or that it would initiate action against Coinbase for listing the assets in question. An SEC official replied to queries stating that the investigation into the insider trading case was ongoing. Commodity Futures Trading Commission (CFTC) commissioner Caroline Pham tweeted about the complaint, calling it a “striking example of regulation by enforcement.” Attorney Jason Gottlieb, practicing with Morrison Cohen LLP, stated that Coinbase and other exchanges are not party to the action. This means that they would not be able to challenge the SEC in court. Cryptocurrencies Are Not Securities Coinbase, on its part, retorted that none of the cryptocurrencies it lists are securities. It pointed to the ongoing Department of Justice action that did not mention or charge securities fraud. The exchange, in an updated blog post, called the SEC’s actions an unfortunate distraction, stating, “The SEC charges are an unfortunate distraction from today’s appropriate law enforcement action.” The SEC Complaint In its 62-page complaint, the SEC went through each of the nine tokens, illustrating how each should be defined under the Howey Test. The SEC stated its complaint, “Each of the nine companies invited people to invest on the promise that it would expend future efforts to improve the value of their investment.” Coinbase also filed a separate petition with the SEC and asked the agency to create a rulemaking process to define how it would apply federal security law to cryptocurrencies. “Securities law is thus not well-suited to govern digital assets. Attempted application of such ill-fitting laws to crypto creates a number of problems.” 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.

Outer Ring MMO has completed its fourth investment round raising 1.6M USDT in a record-breaking Initial Dex Offering. Their token, GQ, took off after TGE in PancakeSwap, having +15M$ in volume the first 24 hours. This sci-fi Play-to-Earn video game has been developed since 2018 and is planning to launch its Alpha Game in June 2022. The great expectation surrounding the game has allowed them to raise 6M USDT in private equity and 6M USDT in token allocation, after 3 years running on in-house investment under their core business, NexxyoLabs. To perform their IDO phase, Outer Ring MMO, closed partnerships with 11 launchpads: Metavpad, Gamezone, Bscpad, Seedify, InfinityPad, DaoStarter, Kommunitas, Brandpad, Gamespad, and Safelaunch. A total of 400.000.000 Galactic Quadrants(GQ), the game's governance token, were released into the market at a price of 0.004 USDT and 10 months linear vest. ARRIVAL INTO THE MARKET Just after the Initial Dex Offering, on March 2nd and 3rd, the Outer Ring MMO opened its Token Generation Event in PanckeSwap. To do so, 500.000 USDT was provided to create a liquidity pool with 250.000 USDT and 50M GQs, at a price of 0.005 UDST. Allowing the trading of the currency in the market at an Initial Market Cap of 1.050.000 UDST. Expectations were high and the community answered the call. The pair raised up to a max price of 0,0255$ and positioned first in DEXTools BSC tracker. To encourage the use of the token, Outer Ring has a Staking Platform integrated into their website that will allow holders to earn tokenized materials and SCK (Space Corsairs Keys) vitals to succeed inside their universe. WHAT TO EXPECT FROM OUTER RING MMO Outer Ring MMO is a science fiction game with an open universe and vast lore that allows immersive and social experience to its players. The metaverse has its ownPlayer Driven Economy where users interact with NFTs and tokenized assets without entry barriers. Its ecosystem is governed by Galactic Quadrants and Exo Credits. These tokens will allow the economy generated online to transport into the real-world allowing brands to offer products and services inside the normal gameplay. After the successful token launch and the creation of a staking platform, the roadmap of Outer Ring MMO is completely focused on allowing gamers to enter the space battle fully armored. In the months prior to the Alpha Game, users will be able to acquire lootboxes containing assets such as guns, materials, spaceships, or even the NFTs required to form clans. As for now, Outer Ring MMO is working with their partners to start integrating non-crypto publics the game and brands into their metaverse. Some well-known companies in the space, such as Dextools, Bluezilla or Metabrands, have already built spaces in the game. On the other hand, the acceptance from the international gaming community has been positive, being able to close agreements with eSports teams, renowned streamers, and gaming guilds. A requirement of vital importance to bring mainstream gaming into the Play-to-Earn ecosystem. Website: https://outerringmmo.com/ Facebook: https://www.facebook.com/Outer-Ring-MMO-111124460754710 Twitter: https://twitter.com/OuterRingMMO Instagram: https://www.instagram.com/outeringmmo/ YouTube: https://www.youtube.com/c/OuterRingMMO Reddit: https://www.reddit.com/user/OuterRingMMO/ Telegram: https://t.me/outerringofficialeng 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

Outer Ring, one of the up-and-coming play-to-earn blockchain games, is proud to announce several key partnerships and collaborations. The project attracts much attention from prominent companies and VC funds, indicating the team's approach is more than valid. Global interest in the Outer Ring project rises exponentially. Building an open world MMORPG in a science fiction and fantasy setting is a significant undertaking. Players will recognize game elements from Ultimate Online and Meridian 59 and encounter innovative concepts made possible through blockchain technology and non-fungible tokens. Massively Multiplayer Online games can attract players from all strides of life. However, they must continue to rasp their attention through ongoing updates, new things to do, and so forth. Outer Ring caters to casual games and hardcore enthusiasts ready to dive head-first into the real economy and tokenomic model. Whether you enjoy interacting with community members, building your claim, visiting a concert or museum, competing in arenas, or learning more about the tokenized circular economy, the opportunities are endless. Furthermore, the Outer Ring ecosystem is more than just the sum of its gaming aspects. It also has a built-in marketplace, in-game stores, decentralized exchange opportunities across zones and planets, player-to-player sales, an auction house, in-game advertising spaces, and merchandising. These aspects are part of Outer Ring's freemium model, which doesn't require players to make an initial investment before starting to play. Outer Ring has secured numerous crucial partnerships and collaborations since the team first announced the project. The team raised nearly $6 million in investment from partners including DEXTools, Blockchain Territory, Leit Motiv, Play The Game Agency, Yellow Blocks, Sierra Blockchain, Avstar Capital, Metabrands, Dextforce, Dreamboat Capital, and others. More impressively, the list of partners and investors continues to grow month over month. Many companies and VCs see merit in having their name mentioned in the metaverse. Outer Ring provides an encompassing and compelling metaverse outlook where public displays and advertisement opportunities seamlessly integrate with gaming, exhibitions, concerts, events, and much more. In addition, it is a space where players and content creators can come together and generate new experiences every day, further blurring the line between the real and virtual world. About Outer Ring Enter Outer Ring MMO and discover the new Play To Earn concept, uniting real economy with the most exciting Universe. Watch the in-game demo videos and see what the future holds. If you want to invest now in the construction of Outer Ring you can follow this link and you will become one of the first explorers. Join Outer Ring now! Website:Facebook:Twitter: Instagram:YouTube: Reddit:Telegram: Media Contact: Nexxyo Labs 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

XYO price is up 28% today, making it the biggest gainer on Crypto.com. With a 24 hour trading volume of $134 million, the market is definitely showing excitement when it comes to XYO. Let’s take a closer look at what XYO actually is, and why the price is rising today. What Is XYO? XYO Network […] The post XYO Price Up 28% After Crypto.com Announces Exclusive Campaign appeared first on NullTX.

Altcoins like XYO, CRO and WNXM are capitalizing on BTC and ETH’s consolidation by moving higher.

XYO price is up over 40% today rising from 0.0045 and peaking at 0.0078 at the time of writing. The recent price hike comes amid the recent listing on the Crypto.com exchange. Along with XYO, Crypto.com’s token CRO is the second biggest gainer today rising 24% in the past 24 hours. Let’s see what all […] The post XYO Price Up 43% As Crypto.com Announces Listing appeared first on NullTX.

The near triple-digit gains seen in TRAC, XYO and MKR have traders hopeful that an altcoin season is underway.

POLY, BCHA and XYO led altcoins higher after BTC flipped $50,000 to support and ETH hit $4,000.