Blockchain Basics: Understanding RPC & REST APIs

Blockchain developers have to make all kinds of decisions when considering the infrastructure and tooling they use, and one of the most crucial regards their choice of API model. 

Communication protocols are crucial for blockchain nodes to interact with one another, so they can transmit information, validate and process transactions in concert. Most developers rely on a combination of protocols including TCP/IP, HTTP WebSocket, and either Remote Procedure Call (RPC) or Representational State Transfer (REST) APIs.

Differences Between RPC & REST

The choice of RPC or REST API is one of the key considerations that blockchain developers must weigh up, prior to getting started on building any decentralized application. RPC enables clients to directly invoke functions or procedures on a remote server, while REST utilizes stateless communication via HTTP methods including DELETE, GET, POST and PUT. Whereas RPC provides a procedural approach to API calls, REST is more resource-oriented. As such, RPC is considered to be more tightly coupled, supporting direct function calls, while REST emphasizes looser coupling and higher scalability. 

RPC APIs have become widely used by blockchain developers as they enable programs to execute code on remote systems. This means blockchain nodes can communicate in a more seamless way, streamlining interactions across the network. 

As such, RPC is often the API of choice for tasks such as querying blockchain data, submitting transactions and network node management. Developers can choose from a wide range of RPC libraries and APIs that allow them to interact with nodes in a programmatic way, supporting tight integration with external systems and automation. 

On the other hand, REST's resource-oriented architecture and stateless communication model can support simpler and more scalable communications between blockchain nodes. RESTful blockchain infrastructures expose resources such as transactions, smart contracts and blocks as uniform resource identifiers or URIs, and perform interactions using standard HTTP procedures. 

With REST APIs, developers can take advantage of a more standardized and modular way of accessing blockchain data, which may make it easier to build some kinds of decentralized applications. REST APIs also simplify the process of integrating blockchains into existing apps. 

RPC vs REST: Considerations For Blockchain

Developer's choice of API is usually based on their performance, compatibility and security requirements, as well as the user experience they're looking for. In general, the consensus among developers is that RPC APIs facilitate direct invocation of functions and support more efficient data serialization, making it more performant overall. On the other hand, REST APIs offer a standardized, and therefore simpler approach that can usually scale more efficiently. 

Performance considerations including throughput, latency and resource utilization are key because every blockchain transaction needs to be processed quickly and verified accurately. RPC comes out on top, with its direct communication model translating to higher throughput and lower latency in most use cases, especially for dApps that must process real-time interactions and frequent method calls. 

Thanks to its standardized HTTP protocols, REST offers wider compatibility with a more diverse set of programming languages and computing platforms. This can make it a better option for dApps that require multi-language support. 

Strong security is another essential requirement for blockchain communications, which frequently transfers and processes sensitive information and valuable digital assets. The main considerations here include encryption, data integrity, authentication and authorization. RPC APIs often utilize authentication mechanisms such as API Keys or basic access authentication, while REST APIs are reliant on token-based authentication procedures. 

Which API Is Best?

Ultimately, the choice between RPC and REST APIs depends on the project's requirements and any constraints the developer may face. For dApps that demand real-time interactions, low-latency transactions and tight coupling with existing systems, RPC is usually the preferred choice. But if broader compatibility and interoperability are paramount, then REST's more standardized architecture may be more suitable. 

At the end of the day, the choice of API is a trade-off between performance, security, compatibility and the developer experience. Developers therefore need to evaluate the requirements and constraints of their project in order to decide whether RPC or REST is preferable. 

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.

* This article was originally published here

Nabatech To Build CBDC Solutions On Polkadot’s Substrate Blockchain

Nabatech, a Swiss digital asset specialist, has selected Polkadot’s Substrate blockchain to build its digital asset platform for central banks and financial institutions. 

The decision to go with Polkadot’s Substrate framework was made after a thorough analysis of seven potential platforms. 

Nabatech Taps Substrate

Nabatach is a joint venture between SICPA, a cash cycle expert for several of the world’s central banks and sovereign states, and INX, a real-world asset tokenization platform regulated in the US by the Securities and Exchange Commission (SEC) and FINRA. Its goal is to support central banks in tokenizing assets such as central bank digital currencies (CBDCs), digital bonds, and stablecoins. 

Before selecting Polkadot’s Substrate, Nabatech evaluated several blockchains for its regulated digital asset platform, including Ethereum Hyperledger Fabric, Cosmos, and Polygon. The blockchains were assessed on several criteria, such as Sybil resistance, coding language, runtime, security, governance, interoperability, and business process integration. After assessing all the blockchains, Substrate emerged as the top choice for Nabatech. Speaking about the selection process, Nabatech CTO Paz Diamant stated, 

“After conducting a deep technical analysis of blockchains with multiple economy and technology experts, we were attracted to Substrate’s flexible and modular design. Its framework can be quickly adjusted to suit any business or technical requirement, flexibly, without compromising on security or scalability.”

The system is already being used as a sandbox for central banks to provide infrastructure solutions. It can also help boost currency supply, lifecycle, transfer and settlements, and sovereign compliance optimization. 

The Benefits Of Substrate

Central banks and other premier financial institutions require a high level of security and stability. Substrate-based networks are able to benefit from strong cryptography and a host of other features that can defend against common attack vectors. Standout features of Substrate include support for retail and wholesale transactions that involve CBDCs. Substrate also expands the utilization of a modular structure that allows central banks to select the solution foundation best suited for their monetary policy and financial strategy. 

Substrate’s flexibility also allows central banks to start with wholesale and end with retail CBDCs, depending on their preferences. 

Central Banks Pushing For CBDCs

Several central banks around the world are mulling the development of central bank digital currencies. The Republic of Rwanda recently revealed plans to create its own CBDC within two years. Rwanda’s CBDC aims to improve its financial system and offer citizens a safe and convenient alternative to physical cash. The country also hopes to bring more people into the financial system through CBDCs. 

Ripple CEO Brad Garlinghouse has also announced partnerships with nearly ten governments to help develop their CBDCs. The partnership will allow the governments to use Ripple’s blockchain technology to update their financial systems.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Arthur Hayes & Raoul Pal: Risks, Degen Plays, EOY Predictions!!

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Electrocoin launches its new cryptocurrency exchange platform, Electrocoin Trade

One of the biggest cryptocurrency exchange services in Croatia, Electrocoin, has recently launched their new cryptocurrency exchange platform called Electrocoin Trade, providing services for natural and legal clients in the EU.

The platform includes two core services - cryptocurrency exchange and trading service without prior registration to the platform, and cryptocurrency exchange and trading service for registered users. This way, and following the recent regulatory development in the area of crypto regulation, Electrocoin introduced the new custodial model to their service, allowing them to act as a custodian for the assets clients chose to hold on their Electrocoin Trade accounts. By registering with Electrocoin Trade, users get to entrust their cryptocurrencies for safekeeping to a highly regulated platform, as they also get access to additional trading and user experience benefits such as lower trading fees and cryptocurrency portfolio monitoring.

Regardless of the new service, Electrocoin decided to keep the old service as well - any adult citizen in the EU can buy, sell, or trade cryptocurrencies up to 1000 euros without verification or prior registration on the platform. This way, Electrocoin wanted to ensure their existing and future users had an option where they could still access crypto even if they would rather not register with the new platform. This service is possible due to regulatory approval for KYC-less money exchange under certain thresholds.

The platform supports cross-chain transfers and coin-to-coin swaps through a variety of protocols, including ERC-20, Polygon, BEP-20, and many more. Furthermore, with the release of the new platform, Electrocoin has also introduced one new service - paying bills with cryptocurrencies. Users of the platform can use their cryptocurrencies to settle any invoice that can be paid by bank transfer within the EU/SEPA zone. That being said, utility bills such as electricity, water, or internet, or even personal expenses such as vehicles or even real estate, can be paid with cryptocurrencies - as long as the payment recipient has a bank account number.

Electrocoin was founded back in 2014 and has since become an industry leader, introducing PayCek, a crypto payment processor, in 2018. and now the new cryptocurrency exchange platform. The company is committed to communication with the regulator and  today, they count over 250,000 successful transactions, along with 24/7 available customer support with an average chat response time of one minute. Electrocoin Trade positions itself as a competitor to other top-tier European cryptocurrency exchanges, with the feature enabling the cryptocurrency exchange without prior identification specifically standing out. Get started with crypto and visit Electrocoin Trade now!

 

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.

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Why Are Your Altcoins CRASHING!? FDV Explained!!

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Crypto Market Cools From Ethereum ETF Buzz But One Altcoin Gaining Traction Is This New 2024 Crypto Presale Star

The US SEC approval of spot Ethereum Exchange-Traded Funds saw different responses from the crypto industry, with some viewing the approval as a sign of confidence in the digital assets while others considered it a risk. Despite these views, the approval led to a massive surge in different cryptos, with some recording significant uptrends, including Ethereum (ETH) itself. However, the hype behind the approval seems to have settled down as the current market has seen lots of cryptos undergo a bearish trend, except for one new crypto that is in its stage three presale.

Rollblock (RBLK) has been making waves within the presale market, having recorded a 40% surge. This new crypto is now being considered one of the top altcoins to watch in 2024, owing to its unique revenue share model, which continues to attract investors across the globe.

Rollblock (RBLK) Outshines Top Cryptos In June

While most projects experienced significant growth over the past months, Rollblock (RBLK) is still dominating the presale space in June. Its value has already risen by 40%, and its presale is still attracting thousands of investors. Over the coming months, experts predict that Rollblockmight surge by 720%, making RBLK one of the best altcoins to invest in.

Rollblock aims to introduce a GambleFi protocol that will overhaul the outdated processes in the gambling market. With a fully operational and licensed online casino, Rollblock stands out in various ways, including the use of blockchain technology, which makes the platform extremely secure.

Along with its online casino, Rollblock also offers its users a passive income opportunity. The project has a unique revenue share model, where RBLK stakers get a share of the casino revenue. This model works by allocating up to 30% of its weekly revenue to acquiring the RBLK tokens from the open market. Half of the Rollblock token acquired will be burned, creating scarcity in the process, while the remaining half will be allocated to staking rewards.

Currently, at stage three of its presale, this best crypto investment token is going for just $0.014. It has raised more than $726K while aiming for the $2M target by the end of June. Moreover, analysts believe that this crypto will hit the $1 mark by the end of 2024, making it the best cryptocurrency for beginners and professional traders alike. Additionally, Rollblock will also be giving away $20,000 in prizes at the upcoming European Football Championships.

Ethereum (ETH) Price Dips Amid Market Pressure

Despite Ethereum's (ETH) attempts for a recovery wave, its price has still failed to recover above its $3,650 resistance. The Ethereum price dipped below the $3,550 support level, with the price now consolidating losses just like Bitcoin. However, the ETH price managed to undergo a slight correction above the $3,480 level, climbing above the 23.6% Fib retracement level of the downtrend move from the $3,710 swing high to the $3,430 low.

If the Ethereum coin manages to record more gains, the price could face resistance near the $3,550 level. Moreover, an uptick above the $3,650 resistance might also send the price of Ethereum higher. Alternatively, a breakthrough past the $37,000 obstruction could also trigger upward forces, with close targets at $4,094 and $4,868 coming into the center.

The Ethereum market’s direction is, therefore, tied to its administrative choices and general financial patterns, underscoring the need to check SEC activities and large-scale pointers. As Ethereum navigates its instabilities, dealers and financial experts brace for potential instability while peering toward the resistance levels for key decision-making that might influence the price of this best crypto to invest in.

Will Rollblock Standout Within the GambleFi Market?

With many players globally losing confidence in traditional casinos, Rollblock is in a better position to capitalize on such an opportunity. Moreover, experts predict that Rollblock will gain massive traction over the next year, something that will make it claim a larger stake in the gaming industry. This will then turn into better returns for early adopters, positioning it as a top crypto to invest in.

Discover the exciting opportunities of the Rollblock (RBLK) presale today!

Website:https://presale.rollblock.io/

Join our Rollblock community:https://linktr.ee/rollblockcasino

Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the viewsof Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.  

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Render (RNDR) and Injective Protocol (INJ) among the altcoins bouncing highest

Bitcoin (BTC) and altcoins are currently on the rebound after Tuesday’s dip. Render (RNDR) and Injective Protocol (INJ) are among the top altcoins that are seeing the biggest bounces.

As Fed Chair Powell’s speech draws nearer on Wednesday, Bitcoin and altcoins are starting to stage somewhat of a recovery. Both Render and Injective Protocol are top-50 altcoins as regards market capitalization rankings, but perhaps these positions (34, and 43 respectively) bely their potential and strong use cases.

Whether these bounces are sustained may depend on what is said by Powell in his speech today. But in general, after Tuesday’s dip, a lot of the altcoins were pretty much primed for this bounce, and Render and Injective Protocol look to be among the strongest bets.

$RNDR breakout soon to take place

Source: TradingView

In the very short time frame of the hourly, $RNDR has failed to break through the down-sloping trend line. However, if the price can hold above $8.60, this is quite a good level to flip into support and it wouldn’t be long before the breakout takes place.

$RNDR outperforming $BTC

Source: TradingView

However, the really telling chart for $RNDR is when you compare it with $BTC. There are only a handful of altcoins that have outperformed $BTC over the last 18 months, and $RNDR is one of them. The uptrend has been in place since mid-2022, and has accelerated since the beginning of 2023. 

$INJ at resistance

Injective experienced a meteoric ascent from January 2023 through to early March this year, and the $INJ price registered an amazing 4380% against the US dollar.

Source: TradingView

However, apart from this spectacular spurt, the $INJ price has generally been going sideways since the beginning of 2024, and a step down was taken in April that the price has still not recovered from. As can be seen on the above chart, the price is right now at the resistance level of this step and will need to break back above in order to continue higher.

$INJ uptrend against $BTC needs to get back on track

Source: TradingView

Like $RNDR, it can be said that $INJ is still in an uptrend against $BTC since the beginning of 2023. However, the trend line was broken in April this year and the $INJ price will need to get back above this, plus the resistance at 0.00043 sats. Also, $INJ suffered a very severe 70% correction against $BTC, while that of $RNDR was rather less, at 50%. 

Are your altcoins outperforming $BTC?

One thing that is very important to take into consideration when holding any altcoins over the longer term, is to always check if they are outperforming Bitcoin. If the answer is no, then the question is is it worth holding that altcoin?

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Hong Kong ETFs Could SHOCK The Markets!! Here's Why!!

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Polkadot Price Analysis: DOT Manages To Stay Above Crucial Support Level

The Polkadot (DOT) price managed to stay above $6.40 over the weekend after enduring a highly bearish end to the week, during which sellers managed to push the price below $7.

DOT registered a drop of almost 7% on Friday, falling as low as $6.01 before settling at $6.66.

Polkadot (DOT) Stays Above Crucial Level

Polkadot (DOT) managed to stay above $6.40, a crucial support level, as buyers pushed the price up by 2.35% on Sunday. Despite starting the week on a positive note, DOT was extremely bearish last week. On a highly volatile Monday, DOT went as high as $7.19 before dropping to $7.01, registering an increase of just 0.29%. At this point, DOT was able to stay above $7, a level where it had support. DOT built on this support on Tuesday, rising by 2.41% and moving to $7.17. An increase of 1.06% saw DOT rise to $7.25 on Wednesday.

However, this is where things changed for DOT. With the 20-day SMA acting as resistance at this level, DOT could not go higher and dropped by 1.57% to $7.13. Selling pressure intensified on Friday as sellers took control of the market, pushing DOT down by almost 7% to $6.66. However, Friday also saw DOT go as low as $6.06 before recovering. This drop saw the price fall below the 50-day SMA and the crucial $7 level.

DOT also entered the weekend in the red, dropping by just over 4% to $6.38. However, DOT had strong support at this level, and with buyers entering the market on Sunday, it registered an increase of 2.18% to $6.52. The current session sees DOT back in the red, with selling pressure having pushed the price down to $6.45 at the time of writing.

What Next For Polkadot (DOT)

Let’s look at the key Polkadot (DOT) levels that can dictate any future price movement. There is a strong level of support at $6.40, which has been tested multiple times, as recently as the weekend, and held. Looking at resistance levels, DOT faces resistance at $7, $7.20, and $7.50. Should sellers manage to breach the support at $6.40, we could see DOT drop to $6.

Source: TradingView

If DOT manages to recover, its first target would be $7 and $7.20. Should it manage to get past these levels, we could see it test the resistance at $7.50. However, looking at the DOT price chart, we can see that bearish sentiment is currently dominating the market, with technical indicators such as the MACD also flipping to bearish, indicating significant selling pressure.

Polkadot (DOT) Making Significant Strides

While DOT’s price may be muted, Polkadot is making significant strides in the tokenization of real-world assets. Many industry experts believe Polkadot can potentially be a market leader in tokenizing RWAs, with many projects in its growing ecosystem supporting their view. Polkadot’s architecture is known for its scalability and interoperability. The protocol’s JAM whitepaper could help further solidify its position in the RWA tokenization space.

Polkadot’s Software Development Kit (SDK) has also become a popular tool in the crypto space. Polkadot’s SDK allows developers to create projects that can facilitate the integration of RWAs into Polkadot. Notable projects in the Polkadot ecosystem focusing on RWAs are Energy Web, Xcavate, Phyken Network, and Centrifuge.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Ripple CTO Has Critical Warning For Community, Cardano Under-The-Radar Technology Exposed

The Ripple (XRP) Chief Technology Officer (CTO) has issued a critical warning to its community about a new scam attack targeting crypto members. This announcement comes amid exciting developments exposed about Cardano under the radar technology and the launch of a new crypto ETF trading platform, ETFSwap (ETFS).

ETFSwap (ETFS) To Launch Trading Platform With Advanced Security Features

ETFSwap (ETFS) tokenized ETF and crypto trading platform is set to launch soon, potentially becoming one of the hottest decentralized exchanges in the crypto sector. Its beta platform will be debuting in 35 to 40 days, ensuring the exchange is fully road-tested and can operate flawlessly in a real-world environment. 

This platform allows users to buy ETFs by swapping cryptocurrencies and using blockchain technology to facilitate trades while also tracking the real-time market performance of the ETF. 

Unlike conventional ETF trading systems, ETFSwap (ETFS) utilizes the power of tokenization to provide users with a diverse range of institutional ETFs for trading. These ETFs include commodity ETFs, leveraged ETFs, cryptocurrency spot and futures ETFs and fixed-income ETFs.

ETFSwap (ETFS) distinguishes itself with a myriad of innovative features tailored to cater to both experienced and novice investors. The platform offers 24/7 accessibility, no KYC requirements, low trading fees, efficient risk management services, and ETF management benefits.

Its smart contracts have also undergone a comprehensive audit by prominent blockchain audit firm, CyberScope. The audit covered all aspects of ETFSwap’s innovative platform including its underlying infrastructure and its system security, alleviating users' concerns regarding the safety of their investments and digital assets. Additionally, the audit highlighted the platform’s robust security measures against cyber threats and scam attacks. 

To incentivise user participation on its platform, it offers numerous rewards and trading leverages. Users can take advantage of up to 10X leverage on all their trades, up to 50X leverage on perpetual futures and options trading, monthly token airdrops and 87% APR yield for investors. 

With ETFSwap’s launch timeline fast approaching, the excitement continues to build around its ongoing public sale. Investors are aggressively purchasing ETFSwap’s native token ETFS, aiming to capitalize on the opportunity to acquire tokens at a discounted rate. 

The initial price of ETFS tokens during its current second presale stage is $0.01831. As the presale progresses, the value of each token will gradually increase, rewarding early investors who aim to secure their positions in the burgeoning ecosystem.

Ripple CTO Warns XRP Community About Scam Attacks

In a recent X (formerly Twitter) post, David Schwartz, Ripple (XRP) CTO, issued a warning to community members about an ongoing scam attempt targeting X crypto users. According to Schwartz, certain malicious actors have been sending direct messages to Ripple (XRP) community members, stating that their account was “currently under investigation for copyright violations.”

Schwartz also revealed that these messages are phishing scams designed to trick crypto members into clicking the provider link. The Ripple (XRP) CTO disclosed that the link is connected to a phishing site that will illicitly collect crypto members’ personal information and login credentials, potentially resulting in financial losses for the unfortunate victim. 

The Ripple (XRP) CTO has urged community members to remain cautious and refrain from clicking the link to avoid becoming victims of the scam attack. 

Cardano (ADA) CEO Unveils Hard Fork Developments

Charles Hoskinson, Cardano (ADA) founder, has expressed dissatisfaction with the way the crypto media portrays the Cardano (ADA) blockchain. The Cardano (ADA) founder argues that the media is focused on generating news regarding Cardano’s potential failings rather than its innovative developments.

To rectify the supposed misinformation, Hoskinson has provided valuable insights into the blockchain’s under-the-radar hard fork. The Cardano CEO revealed that Cardano (ADA) is currently leading the industry in scaling R&D and has been witnessing significant growth in its DApps.

Moreover, technologies in the Cardano (ADA) ecosystem like Hydra are maturing, numerous community events have been scheduled and the ecosystem has nurtured several partnerchains. These substantial developments underscore the ongoing efforts the Cardano (ADA) blockchain has been undertaking to further improve and advance its ecosystem. 

Wrapping Up With Ripple (XRP), Cardano (ADA), And ETFSwap (ETFS)

As Ripple CTO alerts community members of ongoing scam attempts, ETFSwap (ETFS) is getting ready to launch its decentralized crypto and trading platform, integrating the best security measures to safeguard users from potential cyber-attacks and scam attempts. Furthermore, Cardano’s disclosure of its ongoing hard fork developments potentially suggests the potential for further innovation in the crypto space.  

For more information about the ETFS Presale:

Visit ETFSwap Presale

Join The ETFSwap Community

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.

 

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Crypto News: Biden Vetoes Bill, BTC, Solana ETF, JASMY & MORE!

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NEW Bitcoin ETF Inflows Coming!? Watch Out For Vanguard!!

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FTX Reaches Settlement With IRS On $24 Billion Tax Bill

Bankrupt cryptocurrency exchange FTX has reached a settlement with the United States Internal Revenue Service (IRS). 

If the settlement is approved by a judge, FTX would pay the IRS $200 million within 60 days and an additional $685 million as a subordinated claim at a later date. 

A Tentative Agreement 

According to a filing made on June 3, FTX and the IRS had agreed to settle their $24 billion tax dispute. The IRS had claimed that FTX owed $44 billion in taxes. However, this amount was later reduced. Under the settlement plan, the IRS would receive $200 million in priority tax. This would be paid within 60 days of the plan’s approval. FTX would also have to pay an additional $685 million as a subordinated claim, which would be paid after customers and other creditors receive their dues. The court must approve the settlement plan, but if approved, it would mark a major dispute resolution for FTX. 

The settlement between FTX and the IRS covers all tax claims until October 31, 2022. FTX stated that the settlement helps reduce litigation risk and increases certainty regarding creditor and customer recovery. 

“The outcome of these proceedings would be uncertain given certain novel and complex issues of tax law raised by the IRS Claims.”

FTX CEO John J. Ray III, who is overseeing the restructuring of the fallen exchange, stated that the settlement is a crucial step in resolving the bankruptcy. 

“Together, starting in the most challenging financial disaster I have seen, the debtors and their creditors have created enormous value from a situation that easily could have been a near-total loss for customers.”

Details Of The Filing 

FTX’s reorganization plan aims to repay FTX customers and creditors as early as possible, with over 90% of assets returned by mid-2024. The filing states that while FTX does not deny owing taxes, it disagrees with the amount demanded and specific reasons for its tax liability. The exchange has argued that it should not be taxed on the funds misappropriated by former CEO Sam Bankman-Fried. It also disagreed with the IRS on its calculations for employment taxes related to salaries paid out to Bankman-Fried and other FTX executives. 

It also argued that there are valid deductions and losses that the IRS is wrongly disallowing. However, the IRS disagreed with FTX on its claims. 

“The IRS does not agree with the Debtors’ arguments and has informed the Debtors that absent a settlement, it would pursue these and other theories to impose significant tax liability.”

A Brutal Fallout 

FTX was one of the most prominent players in the crypto space until its spectacular collapse. The platform filed for Chapter 11 bankruptcy in November 2022 after facing an unprecedented liquidity crisis triggered by a surge of customer withdrawals and financial mismanagement. At its peak, the platform was the third-largest cryptocurrency platform. 

The exchange’s collapse impacted numerous stakeholders and triggered intense regulatory scrutiny of companies in the crypto space. Former CEO and founder Sam Bankman-Fried was eventually found guilty of fraud, conspiracy, and money laundering.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Talisman Wallet Launches Quests App to Gamify Users’ Rewards Experience in Polkadot and Ethereum

New York, United States, June 5th, 2024, Chainwire

Talisman, the ultra-secure multi-chain crypto wallet, has today announced the launch of Talisman Quests, a gamified experience designed to drive user engagement and education in the Polkadot ecosystem.

Having recently operated in beta, Quests compels crypto users to create a profile and progress through different levels by accumulating experience points (XP) and unlocking rewards. This progression is gamified with twists, turns, and a hidden story that gradually unfolds as users amass more XP.

“One of the biggest barriers to blockchain adoption is understanding where to start and how to go about navigating the sometimes dizzying world of web3,” said Jonathan Dunne, Co-Founder & Head of Technology at Talisman.

“With our new Quests app, we are making onboarding fun as well as rewarding, incentivizing users to explore all of the interesting projects and apps this space has to offer.”

Users can earn XP through a variety of means, including:

• Wallet Mining: Simply holding tokens in your wallet generates rewards that correspond to the token type (staking activities also provide XP multipliers). Rewards can be claimed every four hours
• Quests: Completing cross-ecosystem missions helps users earn XP, boosted points and rewards 
• Referrals: Earning 5% of any friend’s total XP when they sign up using your referral link

Each month, Talisman will also release a new top rank, continually pushing the “frontier” as users find and seize The Sceptre, follow it to The Tower, and ultimately claim the Ultimate Power of Talisman.

“We built Quests to be engaging and memorable, while also serving as an educational journey for users venturing into the Polkadot ecosystem,” added Dunne. “Interacting with real apps and assets accelerates the learning curve in a meaningful way.”

An ultra-secure crypto wallet that makes it simple to store, send, receive, stake and swap Polkadot and Ethereum-based digital assets, Talisman was founded in 2021. Notable for its speed, security, and UX, Dunne says all the team’s work so far has led to this moment.

To get started with Talisman Quests, users can download the wallet at talisman.xyz and create their profile. There is also an option to import your account or recovery phrase from existing wallets such as Metamask, Rabby and Trust.

About Talisman

Talisman is an ultra-secure multi-chain wallet that makes web3 simple for beginners and unlocks superpowers for pros. With Talisman users can safely store, send, receive Polkadot and Ethereum assets, and connect to decentralized applications (dApps).

ContactsHead of MarketingCharlie JobsonTalismancharlie@talisman.xyzCEOAgyleTalismanagyle@talisman.xyz

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.

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BlockDAG's Lunar Keynote Event: $41.6M Surge, Chainlink Innovates And Celestia Falters

BlockDAG's remarkable presale, amassing over $41.6 million, has seized the industry's focus. While Chainlink leads the charge in financial integration and Celestia navigates through market downturns, BlockDAG's recent advancements and strategic partnerships have catapulted it to the leading edge of the blockchain revolution. Highlighted in its recent keynote, BlockDAG's innovative platform for generating utility tokens, meme coins, and NFTs is expanding the horizons of blockchain development and drawing a wide spectrum of developers and investors.

Chainlink’s Pioneering Tokenization Effort

Chainlink is leading the way in integrating blockchain with finance by enabling programmable token transactions. This initiative combines real-world data with cross-chain interoperability and enhances data access across multiple blockchain networks. Chainlink's collaborations with major financial players like Swift, Euroclear, and ANZ emphasize its crucial role in modern finance, facilitating the digital transformation of various assets.

The Chainlink Cross-Chain Interoperability Protocol (CC and IP) increases liquidity and market access, preserving the integrity of real-world assets across different chains. Presently, Chainlink (LINK) is priced at $13.64, indicating rising investor confidence in its groundbreaking capabilities. For those interested in sophisticated blockchain solutions, Chainlink offers lucrative investment opportunities.

Celestia’s Downward Spiral

Celestia (TIA) is experiencing a sharp decline, with its market value showing strong bearish trends. The token has fallen by 40% in the past month, currently valued at $8.65 with a 1.10% daily decrease. Analysts foresee a further drop, with a potential retest of the $5 level soon. The Relative Strength Index presents a grim picture, and the MACD indicator is forming bearish red bars.

Despite these hurdles, investors are advised to monitor TIA closely, as its ability to hold critical support levels might indicate a potential for recovery. With a market cap of $1.19 billion, TIA remains a notable market participant, and its immediate support levels are crucial for any possible rebound. Comprehending the current market dynamics and technical indicators is essential for informed decision-making for those considering investments.

Keynote 2 Showcase: BlockDAG Unveils Major Updates

BlockDAG's latest keynote event introduced transformative updates, signifying a crucial step in its mission to reshape blockchain technology. Central to this event was the phenomenal success of its presale, which attracted over $41.6 million, drawing significant interest from top tech firms and the digital community at large.

Moreover, the event highlighted an advanced low-code/no-code platform, aimed at democratizing blockchain technology by simplifying the creation of utility tokens, meme coins, and NFTs, thus making these technologies accessible to a broader audience.

This shift towards more accessible blockchain development is revolutionary, appealing to a wide range of developers and investors. The event also celebrated BlockDAG’s strategic partnership with Plus Wallet, enhancing the project's ecosystem and offering users more versatile and secure transaction options.

This collaboration reflects BlockDAG’s commitment to creating a strong and inclusive blockchain environment. As BlockDAG continues to lead and innovate, the remarkable results of the presale underline the project's potential for substantial returns, making it an appealing investment opportunity. The keynote reinforced BlockDAG's dedication to technological innovation and its strategic aim to become a leader in the cryptocurrency market.

Concluding Thoughts

To conclude, while Chainlink advances in tokenization and Celestia deals with challenging market conditions, BlockDAG distinguishes itself with its notable $41.6 million presale achievements and innovative strategies. Its partnership with Plus Wallet and its accessible blockchain platform highlights its potential for significant returns, positioning it as an attractive investment. As the blockchain landscape evolves, BlockDAG’s strategic vision and technological prowess establish it as the top choice for forward-thinking investors.

Now available at just $0.0095 in its 16th batch, this moment offers an excellent opportunity to invest in a promising cryptocurrency. Grab this chance now!

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

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Disclaimer: This is a sponsored article 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.

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63 banks considered to be of serious concern or unviable - Bitcoin anyone?

The FDIC recently published its Quarterly Banking Profile for the first quarter of 2024, and its findings were shocking as regards the number of banks that are currently insolvent. In this kind of environment Bitcoin is a serious hedge against a potential banking collapse.

FDIC’s problem bank list

The FDIC (Federal Deposit Insurance Corporation) is a US government agency tasked with insuring bank deposits. It also examines and supervises the banks. It recently published its first Quarterly Banking Profile for 2024, and despite the upbeat tone of the report, for the FDIC to state that 63 banks were rated a 4 or 5 on the CAMEL composite rating was of grave concern.

The CAMEL rating system is based on Capital Adequacy, Asset Quality, Management, Earnings, and Asset/Liability Management. The rating is from 1 to 5, and a “4” means that the financial institution characterises “poor performance that is of serious supervisory concern”. While a “5” is “unsatisfactory performance that is critically deficient and in need of immediate remedial attention.”

The FDIC stated that the number of banks on its “problem bank list” had risen from 52 to 63 in the first quarter of 2024, and that this was within the “normal range” for a “non-crisis period”. 

The extent of the unrealised losses for the US banking system is currently at $517 billion, which increased by $39 billion over the first quarter of this year.

A resilient banking industry?

The overall tone for this FDIC report was bright and cheery, and concluded that “the banking industry continued to show resilience in the first quarter,” despite “significant downside risks”.

For the FDIC to seek to play down this banking crisis in such a way is par for the course. That said, how anyone is supposed to have confidence in the banking system when 63 banks are considered to be of serious concern or unviable, is a valid question.

The customers of these self-same banks might wonder exactly what advantages, if any, do the banks provide, regarding services and their value for money? Admittedly the 63 banks at risk are probably all regional banks, but even the big banks are not offering value for money.

The best savings rates among the biggest banks in the US vary from around 4% to 5.15%. If one considers debasement (printing of more dollars) and the inflation rate, the average Joe or Jane is probably losing 12 to 14% a year, so keeping their money in a 4 to 5% savings account with the banks is guaranteed to keep them well under water.

Value offered by banks compared with that provided by Bitcoin

Given that the banking industry lobby is probably able to exert massive pressure on the US political system, and would likely be able to have a plethora of positive press written about it by the mainstream media, its hold over the reins of power is not going to easily be shaken off.

That said, people will be noticing what little value their bank provides to them. They also might be looking at how those who are holding Bitcoin are benefiting. One system seeks to rule and manipulate us, while the other allows complete freedom of transactions and a true store of value. Which would you choose?

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.

* This article was originally published here

Bitcoin to half a million this cycle according to PlanB

Renowned Bitcoin analyst PlanB has recently updated his Stock-to-flow model and from this data he predicts a cycle top for Bitcoin of $500,000. He predicts a strong surge following the halving cycle, and that the $100,000 level should be reached soon.

Previous cycles give a reliable prediction

According to PlanB, the previous cycles for Bitcoin are a good indicator for what is about to happen this time. He sees Bitcoin pumping now that the halving has occurred and says that his model predicts $500,000 this cycle, and $4 million the cycle that follows.

Positive indicators

PlanB has updated his Stock-to-flow model for Bitcoin with 5 years of new data. He comments that this makes the model much more accurate, and simpler to understand.

The analyst points to how the RSI (Relative Strength Indicator) has accurately predicted prices in previous cycles, and he believes that this indicator is acting the same for this cycle.

The gradual rise in the 200-week moving average for Bitcoin is another likely indicator of higher prices, and he believes that this gives the king of the cryptocurrencies the potential to reach $100,000 quite soon.

Finally, PlanB highlights how the vast majority of Bitcoin holders are still in profit (93%), and he feels that this provides a very positive sentiment which is likely to keep the price driving higher.

Current price action

Source: TradingView

Looking at the latest price action for Bitcoin on the daily time frame one can see that a breakout of the bull flag could be close. The two important levels of resistance and support are at $71,300 and $61,000 respectively.  A break above the top bull flag trend line, and the resistance at $71,000 would see the price close to an all-time high, while breaking below $61,000 could put the uptrend into some trouble. 

As per PlanB’s observations, this current cycle still has to play out, and given that it is still early and the trend is up, higher prices are far more likely than not over the coming months. It just remains to be seen just how far Bitcoin can go.

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.

* This article was originally published here

Whales Accumulating BTC: Start of a Massive Rally? Which Coins Will Skyrocket?

Large investors are making significant moves in the BTC market. This behavior often signals upcoming changes in the crypto space. The ongoing bull run of 2024 adds more excitement. Many are now looking closely at which coins might surge next. This environment sets the stage for potential growth in the crypto market.

CYBRO Gets on Crypto Whale's Radar with Presale of Its Tokens

CYBRO is a new platform designed to help users earn more on the Blast blockchain. Blast is known for offering better returns on Ethereum (ETH) and stablecoins than other similar solutions. CYBRO's main function is to help users take full advantage of this opportunity.

Currently, CYBRO is selling its tokens on presale at a low price of $0.025 each, which is 58% cheaper than the expected future price. This offers a potential ROI of 140%. There's talk that a crypto whale might buy a significant amount of CYBRO tokens, showing strong interest in the project. Only 21% of the total tokens are available for this presale, and about 25 million have already been sold.

>>>Buy $CYBRO at 58% Discount While You Can - The Supply is Limited!<<< 

Holders of CYBRO tokens will receive several benefits, including rewards for staking, special airdrops, cashback on purchases, lower fees for trading and lending, and an insurance program within the platform.

CYBRO aims to support crypto growth through various investment strategies within the Blast ecosystem and beyond. These strategies range from conservative to high-yield investments. The platform focuses on maximizing returns through efficient crypto transactions. Future updates include AIBroker for chatbot-assisted investments and a One-Click Investment feature for optimizing returns through integration with decentralized (DeFi) and centralized finance (CeFi).

>>>Grow Your Crypto Portfolio with CYBRO! Join NOW for Future Returns up to 140%!<<<

Dymension (DYM) Price Overview and Forecast

Dymension (DYM) is currently trading between $3.02 and $3.54. The coin has shown a 12.74% rise over the past week but a slight decrease of 0.09% over the past month. Over the last six months, the price has surged by 1549.99%. The RSI of 54.18 suggests neutral momentum, while the stochastic at 24.53 indicates potential room for upward movement. The MACD level is slightly positive at 0.03, hinting at a possible upward trend continuation. The price appears to be in impulsive moves.

Polkadot (DOT) Price Overview: Mixed Momentum but Cautiously Optimistic

Polkadot's current price is between $6.60 and $7.58. The nearest support is at $6.21, and the nearest resistance is at $8.17. Over the past week, DOT's price fell by 5.70%, and over the past month, it slipped by 1.79%. However, it's up 20.47% in the last six months, showing a longer-term uptrend. The price is in a corrective move but has potential for growth if it breaks resistance levels. The RSI is at 57.36, indicating neutral momentum.

Litecoin (LTC) Price Outlook: Consolidation and Next Moves

Litecoin (LTC) is trading between $81.19 and $85.70. It's in a corrective phase. The nearest resistance is at $88.31, and the support is at $79.28. In the last week, LTC dropped by 0.32%, but it rose by 2.13% in a month and 12.56% over six months. Indicators like the RSI at 55.53 and Stochastic at 67.68 hint at moderate momentum. The 10-day and 100-day Simple Moving Averages are close, around $83.50.

Worldcoin (WLD) Exhibits Steady Growth Amidst Market Fluctuations

Worldcoin (WLD) currently trades within the $4.40 to $5.07 range. Over the past week, it has risen by 5.26%, though it has seen a 7.04% decline in the past month. The six-month price change is impressive at 94.47%. The 10-day moving average stands at $4.73 and the 100-day at $4.84. RSI is 55.03, indicating a stable market position. Stochastic is high at 85.38, showing potential momentum. The MACD level is neutral at -0.00. The price is in an impulsive phase.

Conclusion

While coins like DYM, DOT, LTC, and WLD may show less immediate potential, attention shifts to CYBRO. CYBRO is an earn marketplace utilizing the Blast blockchain's native yield potential. The first release is set for Q2 2024. Early investors can enter under favorable terms by joining the CYBRO token presale. The anticipation around CYBRO suggests significant opportunities for those looking to invest early.

Site: https://cybro.io

Twitter: https://twitter.com/Cybro_io

Discord: https://discord.gg/xFMGDQPhrB

Telegram: https://t.me/cybro_io

Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

 

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Crypto News: ETH ETFs, Pro-Crypto Politics, UNI, DOGE & MORE!

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HOW TO LAUNCH A $1M SOLANA MEMECOIN WITH PUMP.FUN (PROVEN METHOD!)

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PayPal Takes PYUSD to Solana, Boosting Transaction Speed and Cost Efficiency

PayPal has officially launched its PYUSD stablecoin on the Solana blockchain, enhancing transaction speed and cost efficiency while expanding its cryptocurrency offerings beyond Ethereum.

Strategic Move Despite Solana’s Troubles

PayPal has officially launched its PYUSD stablecoin on the Solana blockchain, marking the first expansion of PYUSD beyond Ethereum. This move underscores PayPal's strategic commitment to broadening its cryptocurrency offerings following the successful launch of PYUSD on Ethereum in August 2023.

PayPal considered Solana’s significant commercial use cases before choosing it for the expansion of PYUSD. The company noted that Solana is the most used blockchain for stablecoin transfers, which supports PayPal's objective to enhance PYUSD's commercial applications. Although Solana has faced challenges with network shutdowns in the past, its efficiency and cost-effectiveness in processing transactions make it an appealing choice for stablecoin operations.

Leveraging Solana's Capabilities

Solana's integration is a significant step due to its high throughput and cost-effective transaction capabilities. By leveraging Solana, PayPal aims to enhance the efficiency and affordability of PYUSD transactions. Solana's blockchain supports up to 65,000 transactions per second at a minimal cost of $0.0025 per transaction, a stark contrast to Ethereum's 15 transactions per second and fees that can reach $50 during peak congestion.

Solana facilitates confidential transfers, ensuring transaction amounts remain private while meeting regulatory standards. It also supports transfer hooks for adding custom functionality during token transfers and memo fields for including additional information with payments. These features are pivotal for expanding the utility and use cases of PYUSD in commercial scenarios.

PayPal’s Three-Step Adoption Approach

PayPal is following a proven three-step approach to ensure the mainstream adoption of PYUSD, focusing on awareness, utility, and ubiquity.

The initial awareness phase began with the release of PYUSD on Ethereum. PayPal and Venmo apps were instrumental in introducing over 100 million US users to PYUSD, targeting early adopters who play a crucial role in spreading the word about the new stablecoin.

In the utility phase, PayPal emphasizes making PYUSD practical for everyday use. Its launch on Solana addresses this by ensuring transactions are fast and inexpensive, which are critical factors for daily financial activities. 

The final ubiquity phase aims for PYUSD to become a ubiquitous payment method integrated into conventional applications. This involves ensuring seamless and cost-effective transactions across a decentralized multi-chain architecture, promoting PYUSD as a natural part of everyday financial interactions.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. 

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Why Is Everything SO Expensive?! Here Are The Facts!

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Essential Crypto Strategy To Make $100k This Summer Only From $1000 - Crypto Expert Picks

Making $100k from just $1000 in crypto may seem impossible, but it isn't. With a detailed strategy and the right picks, significant returns are achievable this summer. The current market conditions offer a rare opportunity. This article will explore key methods and expert recommendations designed to maximize investment gains quickly. Readers should prepare to dive into actionable insights that can potentially transform a small sum into a substantial profit within a few months.

BlastUP Presale: A Beacon of Predictability in the Volatile Crypto Space

Presale tokens are immune to market’s wild swings with their price pinned to a certain level. Predictability is one of the key benefits of presale projects such as BlastUP.

BlastUP is the first launchpad on Blast, the only Layer 2 solution with native yield for ETH and stablecoins. In just a few weeks of its presale, this platform has raised over $7 million which speaks much for its wide recognition among savvy investors.

The presale of BlastUP tokens ends in one week, offering the last chance to invest in a promising asset at a low price.

>> Seize the Moment! Buy BlastUP Tokens at the Best Price! <<

Those who buy BlastUP tokens at this stage gain exclusive access to an Airdrop distributing a portion of free tokens. Besides, they can get extra rewards through staking.

BlastUP is committed to fostering a robust community with the Blast ecosystem where everyone benefits from mutual growth. With ambitious plans to combine AI and Web3 tools, BlastUP aims to create a truly rewarding and safe environment for smooth DApps launches.

BlastUP is on the rise, fueling crypto startups with a community-first vibe and innovation at its heart. It is quickly becoming the go-to hub in the Blast ecosystem, with big plans through 2026.

>> Act Fast! Supply of BlastUP Tokens is Limited - Secure Your Spot NOW! <<

Polygon (MATIC) Price Overview: Minor Dip with Potential Upswing

Polygon (MATIC) is trading between $0.67 and $0.76. The coin's price shows impulsive moves, indicating possible upward momentum. MATIC faces a struggle at $0.80 resistance but finds support at $0.63. Over the past week, its price fell by 0.41%, while the monthly change shows a slight rise of 0.83%. Over six months, there's been a 4.72% decrease. Key indicators like RSI and MACD are pointing towards a potential price recovery.

Ondo (ONDO) Crypto Price Analysis and Prediction

Ondo (ONDO) is currently trading between $0.96 and $1.41. The nearest resistance is at $1.59, with support at $0.69. Over the past week, ONDO has risen by 32.64%. In the last month, it surged by 60.80%, and over six months, it saw a massive increase of 4048%. The 10-day SMA is $1.27 and the 100-day SMA is $1.24. With an RSI of 47.54 and Stochastic at 26.45, ONDO shows signs of being in an impulsive move.

Mantle (MNT) Price Overview: Corrective Moves and Potential Support

Mantle (MNT) is trading between $0.94 and $1.09. The coin has seen a 3.25% drop in the past week and a 5.45% decrease over the last month. Over six months, it has surged by 88.20%. The Relative Strength Index (RSI) is at 45.71, suggesting the coin is neither overbought nor oversold. With the MACD at -0.002 and moving averages around $1.02, MNT is experiencing corrective moves. Watch for support at $0.86 and resistance at $1.17.

Celestia (TIA) Price Overview: Potential Upside or Impulsive Growth?

Currently traded between $8.45 and $10.25, Celestia (TIA) has seen an 18.56% price rise over the past week and a 15.04% increase over the past month. The 6-month change shows a significant rise of 80.62%. The coin is now facing resistance at $11.18 and has support at $7.59. With a Relative Strength Index of 63.56 and recent growth, the moves appear impulsive. Stay tuned as TIA could potentially test the $11.18 resistance soon.

Conclusion

MATIC, ONDO, MNT, and TIA have potential but are less likely to yield significant returns in the short term. The real opportunity lies with BlastUP. Its strong concept and integration within the Blast ecosystem make it a standout choice. This project has the most potential to achieve high profits quickly. It offers a unique approach and solid backing, setting it apart from others. Investing in BlastUP could be the key to reaching financial goals this summer.

Site: https://blastup.io/

Twitter: https://twitter.com/Blastup_io

Discord: https://discord.gg/5Kc3nDhqVW

Telegram: https://t.me/blastup_io

Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

 

* This article was originally published here

Param Laabs and Pixelverse Enter A Cross-IP Agreement To Extend Development Across The Web3 Gaming Universe

The cross-licensing agreement between the Web 3 gaming platforms will include Pixelverse characters in the upcoming Param Labs-developed game, Kiraverse. 

Param Labs, an independent game and infrastructure development company with ties to Animoca Brands, announced a strategic cross-IP partnership with Pixelverse, a Web 3 cyberpunk-themed game ecosystem. The partnership is aimed at bringing real utility to the Web 3 gaming metaverse and rewarding the most loyal gamers on both platforms. 

According to the team statement, the cross-licensing agreement sees Pixelverse IP integrated into Param Labs’ upcoming shooter game, Kiraverse. The free-to-play game allows players to compete and earn digital assets in competitive game modes or participate in an exciting open-world experience. 

Pixelverse CEO Kirill Volgin believes the collaboration will help welcome new players to the Web 3 gaming universe. Speaking on the strategic collaboration with Param Labs, Kirill added: 

 “Collaborating with Param Labs brings real utility to the Web3 community. We are excited for our players to enjoy their favourite characters in Kiraverse, reflecting the true spirit of Web3 integration.”

The integration of Pixelverse’s IP is expected to enhance Kiraverse’s overall gameplay and narrative as well as expand its universe. Notwithstanding, the partnership aims at rewarding their most loyal and active players, ensuring the players are fairly rewarded and equitable distribution of their respective tokens to early gamers. 

Unlike the current airdrop distribution model, the partners want to offer more committed gamers a chance to earn the biggest rewards. The partnership offers more utility through game asset rewards, allowing loyal and committed players to earn the ‘airdropped tokens’. This innovative approach aligns with their shared commitment to fostering a vibrant and engaged Web3 gaming community.

The cross-IP partnership will enable Pixelverse characters to be seamlessly integrated into Kiraverse. This opens up the door for over 500,000 monthly active users (MAU) on Pixelverse to join the set-to-launch game and play with the skin of their favourite character. In addition, the partnership will see the two share expertise and leverage each other’s strengths to increase value within their platforms and enhance engagement opportunities for their respective players. 

The latest partnership by Param Labs follows a $7 million capital raise earlier this month, led by Animoca Brands, with participation from other top crypto VCs, including Delphi Ventures and Mechanism Capital. Param Labs also announced their native token will be listed on HTX Global on May 29th, 2024, giving potential investors a new route to trade and buy the token. 

Via the partnership, Pixelverse and Param Labs aim to drive mass adoption of Web 3 gaming and create a more engaging and rewarding experience for players worldwide. 

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.

* This article was originally published here

Don't Touch THIS!! Buy Now, Pay Later: Why You Should AVOID!

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EthosX Launches New Perpetual Options Product

Claymont, Delaware, May 27th, 2024, Chainwire

EthosX is excited to announce the launch of its new Perpetual Options product being launched in partnership with kanalabs.io on their front end. Called OPerps, it aims to be one of the most accessible and efficient ways to enhance returns by using knowledge about short-term market events.

The product aims to help users leverage their market predictions to generate consistent income and maximize returns. 

OPerps is a decentralized platform for short-term options trading. It harnesses the power of blockchain technology to enable efficient and transparent options trading, which happens via a user-friendly interface designed to empower those new to derivatives. 

OPerps lets users trade tokenized (ERC-20) options that never expire but settle every few minutes/hours. These perpetual options solve the problem of cascading liquidations found in traditional perpetual futures. 

Furthermore, offering them in a decentralized, tokenized format allows for continuous trading opportunities while enhancing security and flexibility on the platform. 

OPerps Opportunities

OPerps aims to maximize the trading potential of investors by giving them opportunities to profit from sudden market movements. This can happen through two avenues; Long Call OPerps and Long Put OPerps. 

Investors can engage in trading Long Call and Long Put OPerps to capitalize on market movements. Long Call OPerps profit from rising markets, while Long Put OPerps benefit from downtrends. Conversely, Short OPerps allow users to potentially earn premiums from Long OPerps token holders, with Short Call OPerps profiting in falling markets and Short Put OPerps in rising markets.

OPerps live options positions aren’t restricted to the platform. A live options transfer feature allows users to move their live option positions to other wallets and protocols for added convenience. 

As part of the trading experience, the new platform gives users more leverage and APY choices. Traders can choose between high leverage (up to 1000x on BTC/ETH) or high APYs (triple-digit returns).  

OPerps includes features to limit losses and avoid sudden liquidations, providing a safer trading environment.

OPerps is a rare innovation in the history of capital markets that leverages the structure of decentralized finance (DeFi) to give traders the ability to transfer live options positions to anyone anywhere in the market. The platform offers different operational modes: Normal mode on Binance Smart Chain (BSC) and DEGEN mode on Arbitrum for varied trading experiences.

OPerps uses data from the Pyth network for prices of options underlyings (BTC & ETH for now). Pyth’s real-time data feed makes the Degen mode possible.

About EthosX

EthosX is a protocol for trading high-value vanilla/exotic derivatives without going through banks, brokers, and other intermediaries. It provides a platform for investors to trade directly with one another with minimal counterparty and minimize settlement risks. 

The platform is designed from both crypto and traditional asset classes. But whether a user is trading cryptocurrency options or TradFi derivatives, clearing and settlement are done in an automated and decentralized smart contract-based clearinghouse for capital-efficient trading.

To learn more about Operps, follow below: 

EthosX Website  | Twitter/X  | LinkedIn  | Operps

EthosX is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

ContactJamie KingsleyEthosXj.kingsley@theprgenius.com

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.

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The TRUTH About China’s Social Credit System!!

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Crypto News: BTC Rally, ETH Recovery, SOL, FTM, USDT & MORE!

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Recession Soon?? What It Means For You & Your Portfolio!!

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Is TONCOIN the NEW SOLANA? TON Price Prediction 2024 & In-Depth Review

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