Bitcoin Industry

2023-03-10 14:00:22 Why will these tokens skyrocket in 2023?

The end of the bear market, the growth of individual tokens, and the development of other products are all contributing to the promising outlook for some tokens.

Fortunately, you can relax as Yahoo Finance (link) has selected the top 5 cryptocurrencies to invest in this year for your profits to skyrocket:

Polygon
SingularityNET
QMALL
Optimism
Rocket Pool

Read the article http://bit.ly/3JtN0zC Open / Comment

2023-03-09 18:00:23 ​AirDAO Will Elect Community Members to its Ecosystem Fund Multisig

AirDAO is a layer one blockchain and web3 ecosystem with a long-term goal of the entire blockchain and ecosystem under the control of the community. AirDAO recently held a successful governance vote to upgrade the tokenomics for its $AMB token. Now, it is holding an election for community members to join the multi-signature wallet that will control the AirDAO Ecosystem Fund.

Enabling the community to elect representatives to join the multi-sig embodies AirDAO’s commitment to putting the community at the heart of the ecosystem. The election also ensures the community can influence how AirDAO ecosystem funds are allocated. The AirDAO Ecosystem Fund will be a pool of 850 million AMB to incentivize development in the AirDAO ecosystem. The community-owned DAO will decide when and how to use the funds.

AirDAO Ambassador program members have shortlisted several potential election candidates. During the election, the community will vote for the candidates they consider responsible and dedicated enough to AirDAO to participate in the multi-sig. The vote will be held using AirDAO’s Snapshot. The voting period opens at 3 PM UTC on Friday, March 10th, and ends on Monday, March 13th, at 3 PM UTC. AirDAO will hold AMA sessions in the run-up to the vote to further educate the community on this significant progression toward our fully decentralized future.

DYOR Website | Telegram | Twitter Open / Comment

2023-03-08 20:30:00 ​ Federal Reserve Chairman Powell Speaks Out: We Don't Want to Stifle Crypto

Federal Reserve Chairman Jerome Powell has made it clear that the central bank doesn't want to prevent crypto innovation but warned that the industry is still replete with fraud and risks.

During his appearance before the Senate Banking Committee on Capitol Hill, Powell discussed the cryptocurrency space and noted that the U.S. central bank had been involved in this area to a significant extent. He also acknowledged that blockchain technology has practical applications in the real world.

"We have to be open to the idea that – somewhere in there – there is technology that can be featured in productive innovation that makes people's lives better ," he told members of the committee, adding:

“We don’t want regulation to stifle innovation in a way that just favors incumbents and that kind of thing. But, like everyone else, we’re watching what’s been happening in the crypto space and what we see is quite a lot of turmoil, we see fraud, we see a lack of transparency, we see run risk.”

He also once again warned that banks and other financial institutions need to be cautious in how they interact with crypto. “We see in crypto activity lots of things that suggest that regulated financial institutions should be quite cautious in doing things in the crypto space," he said. Open / Comment

2023-03-08 16:00:22 ​Decentralized Futures - Traders' Salvation in 2023

After the collapse of FTX and many investment funds, most users questioned the reliability of centralized exchanges. CEX exchanges hold user funds and also require KYC verification with personal information about users.

On the other hand, centralized exchanges have the main tool of traders - futures, which help traders to maximize profits from each transaction.

So what to choose here? Safety or leverage?

There is an opportunity to choose both options. The Decentralized Dexilon exchange allows traders to trade derivatives so that can users keep their funds solely in their wallets.

The main features and benefit of Dexilon:
- No KYC required
- Ability to trade futures with 10x leverage
- Deflationary DXLN token
- Custom blockchain processes 1000 transactions per second (TPS), which allows users to open positions instantly on DEX
- Every user keeps his funds in his wallet
- Minor 0.05-0.015% trading fee compared to other decentralized exchanges
- CEX-like user-friendly and handy terminal

At the moment Dexilon is in the testnet stage and will be available on the mainnet very soon. March is a month of updates.

At the current stage of the project, Dexilon appreciates and rewards new users and community members. There is an ongoing contest in social networks, so you can take part:

- Telegram EN chat

Other official links can be found on our website and in the Telegram EN chat Open / Comment

2023-03-05 20:00:07 ​​Binance recommends P2P as Ukraine suspends hryvnia use on crypto exchanges.

Following the temporary suspension from Ukraine’s central bank , crypto exchanges like Binance and Kuna made official announcements informing investors about the inconvenience.

Ukraine temporarily suspended the use of its national currency, the hryvnia, via banking cards for fiat deposits and withdrawals on crypto exchanges. While the move immediately impacted how investors move funds to and from exchanges, Binance reminded users about how peer-to-peer (P2P) services come in handy when trading cryptocurrencies.

Following the temporary suspension from Ukraine’s central bank, crypto exchanges like Binance and Kuna made official announcements informing investors about the inconvenience. Michael Chobanian, the founder of local crypto exchange Kuna, acknowledged the service disruption. However, he said he would explain the nuances of the development later.

Chobanian further pointed out how such regulatory decisions have no impact on the Bitcoin ecosystem and added that:

“Regarding the hryvnia card and input/output to the exchange. Yes, it doesn’t work … We are looking for ways out of the situation, under the threat of stopping the entire Ukrainian crypto/card UAH market translation.”

Binance acknowledged the problem as regulators suspended the use of hryvnia on crypto exchanges. However, Binance had an alternative solution:

“We suggest using the P2P service so that you can continue to use Binance comfortably.”

The crypto exchange utilized the occasion to inform users that P2P services allow users to exchange crypto and fiat currencies directly with other users without needing a middle-person like banks.

Ukraine’s anti-crypto stance comes as a shock considering the country netted over $70 million in crypto donations since the start of the Russian-Ukrainian conflict.

“If we used the traditional financial system, it was going to take days. We were able to secure the purchase of vital items in no time at all via crypto, and what is amazing is that around 60% of suppliers were able to accept crypto, I didn’t expect this,” said Ukrainian deputy digital minister Alex Bornyakov on Feb. 24. Open / Comment

2023-03-03 14:00:22 Aussie Digital—a game-changing e-commerce ecosystem powered by a Digital Token, AUDcoin. The ecosystem consists of all the tools you need to build and maintain an online business.

The ecosystem includes the following projects:
E-commerce platform "Tradezy" ; https://tradezy.io
Exchange Platform "Tradedo" ; https://tradedo.io
Social media platform "Chatezy". https://chatezy.io

Until AUDcoin, most entrepreneurs had to go through multiple hurdles to set up and scale up their online businesses. Aussie Digital provides plenty of support to the users, thus preparing them for this next level of business.

If you are interested in the topic of cryptocurrencies, online business and e-commerce join AUD community. Follow the link: https://t.me/AUDOfficialGroup Open / Comment

2023-03-02 20:30:00 ​​Decentralized storage platform introduces perpetual storage and community satellites.

The latest update incentivizes the community to participate in the ecosystem and make enterprise storage viable for all.

Decentralized storage networks are getting increasingly popular over mainstream centralized providers, such as Amazon Web Services, Google Cloud and Microsoft Azure. The primary reason for the shift is the low cost of operations and security.

Some notable decentralized storage platforms are Filecoin, Sia, BitTorrent and Storj. Among these platforms, Storj has developed a new scalable solution called Storj Next, promising more scalable decentralized solutions for Web2 and Web3 firms. With a focus on community building, the latest upgrade introduces a new economic model that enables broader participation in the Storj ecosystem.

Storj is a decentralized system for digital file storage that utilizes unused storage on computers worldwide with the help of encryption and blockchain. It breaks the uploaded data into smaller fractions and distributes it across the network so that no single company or organization can access all uploaded data.

The decentralized storage platform is introducing a new crypto-enabled perpetual storage feature, where dedicated wallet addresses for Storj accounts can unlock perpetual storage. Using Ethereum smart contract payments with the platform’s native Storj (STORJ) cryptocurrency, the feature will allow network participants to be rewarded for depositing STORJ.

The new model will accommodate the storage needs of node operators and independent satellite operators. Storj claimed its latest update would allow Web2 and Web3 businesses to reduce cloud costs without sacrificing reliability or performance.

The latest update will also enable staking, allowing node operators and community satellites to make way for passive income for network participants. Open / Comment

2023-02-28 17:00:10 Alium Finance DEX is at the forefront of the decentralized exchange (DEX) revolution, offering increased security and autonomy compared to traditional CEXes

The Alium team often runs various contests and events for users, including:

Alium Trading Challenge - a recent contest that showed high activity among users. As a result, it was decided to hold the trading challenge on a weekly basis starting from March. The most active participants will be rewarded every week.

Early Adopters Retro-Drop - the airdrop consists of 2 phases, in the first phase of which the early users received the airdrop in the form of $ALM tokens. The second phase of the airdrop will start soon, in which each user can receive an airdrop based on the number of trades in Alium Finance Multichain DEX.

Visit Alium Finance at: Website | Telegram Open / Comment

2023-02-27 21:00:04 ​XRP Price Prediction as $600

As XRP records a $600 million trading volume, investors are wondering if the cryptocurrency can reach $10 in 2023. This XRP price prediction is fueled by recent developments in the XRP ecosystem, as well as a broader surge in the cryptocurrency market.

However, there are also factors that may limit XRP's growth potential.

Crypto investors have been following Ripple's legal battle with the US Securities and Exchange Commission (SEC) for over two years. The SEC filed a complaint against Ripple Labs, the company behind XRP, claiming that the cryptocurrency is a security and that Ripple offered it to investors without legal registration. However, it is becoming increasingly difficult to predict the outcome of the legal case.

On February 23, cryptocurrency advocate and lawyer John Deaton proposed a scenario that could expedite a settlement if needed. Deaton tweeted that he believes Ripple's attorney will strongly advise a settlement if the SEC accepts in writing that all current and future XRP transactions are not securities. Deaton also expressed confidence that Ripple will emerge victorious and that the Supreme Court would not uphold the SEC's overreach. Open / Comment

2023-02-24 21:00:04 ​​SEC is not the appropriate regulator for stablecoins: Circle CEO.

Circle boss Jeremy Allaire maintains that "payment stablecoins" are payment systems, not securities.

The United States Securities and Exchange Commission is not the appropriate agency to regulate stablecoins, according to Circle founder and CEO Jeremy Allaire.

In an interview with Bloomberg on Feb. 24, the Circle chief executive aired his views on the SEC and its recent moves to clamp down on the crypto industry, including stablecoin issuer Paxos.

Allaire appears to have taken issue with the SEC's focus on stablecoins, arguing that dollar-pegged “payment stablecoins” should be under the oversight of a banking regulator, rather than the SEC.

“I don’t think the SEC is the regulator for stablecoins,” said Allaire, adding:

“There is a reason why everywhere in the world, including the U.S., the government is specifically saying payment stablecoins are a payment system and banking regulator activity.”

Circle confirmed last week that it had not been targeted by the SEC following the issuance of a Wells notice to Binance USD-issuer Paxos.

“There are lots of flavors, as we like to say, not all stablecoins are created equal,” Allaire said, adding, “But, clearly, from a policy perspective, the uniform view around the world is this is a payment system, prudential regulator space.”

The Circle CEO however said that he was generally in favor of a recent SEC proposal on crypto custody that would make it much harder for exchanges to become custodians.

“We think having qualified custodians that can provide the appropriate control structures and bankruptcy protections and the other things is a very important market structure and very valuable.”

Circle is the issuer of the world’s second-largest stablecoin, USD Coin. It has a circulating supply of $42.2 billion which gives it a market share of 31%. Tether remains the dominant stablecoin with a supply of $70.6 billion and a market share of 52%, according to CoinGecko.

On Feb. 23, Allaire agreed with SEC Commissioner Hester Peirce, who said that the agency should refer to Congress. Due to the lack of legislation, some believe the SEC has been taking things into its own hands concerning crypto regulations and enforcement. Open / Comment