Bitcoin Industry

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

2023-02-21 20:00:19 ​​FTX poked the bear and the bear is pissed — O’Leary on the crypto crackdown.

Kevin O’Leary believes U.S. lawmakers are “fatigued” and “pissed” with the cryptocurrency industry after having to deal with one blowup after another.

Shark Tank investor and venture capitalist Kevin O’Leary has urged crypto exchanges to “get on board with regulation” if they want to “stay out of the way” of Gary Gensler and the United States Securities Exchange Commission.

In a Feb. 20 interview with TraderTV Live, O’Leary said that U.S. lawmakers are “fatigued” over crypto collapses and that they’re only going to get more ruthless if companies continue to not comply:

“You got to get on board with regulation, you got to stay out of the way of Gensler at the SEC and other regulators. Those hombres men in Washington are not happy. FTX poked the bear, the bear is awake, and it is pissed.”

“These senators are really fatigued, they’re really tired of gathering every six months when the next crypto company blows up and goes to zero,” he said, adding “because they’re totally unregulated and they keep issuing tokens that are worthless.”

O’Leary said the SEC whacking Kraken for $30 million and ordering them to immediately cease its staking services should put the industry on alert and to comply by all means.

In light of the recent regulatory crackdowns, the Shark Tank investor predicted that regulated trading platforms will be better investments than their unregulated counterparts over the next few years:

”I think the value of regulated exchanges is going to go up over the next few years, while the unregulated ones get put out of business or go to zero by the regulators.”

O’Leary recently confessed to losing basically 100% of the $15 million that FTX paid him to be its official spokesperson. Open / Comment

2023-02-18 20:00:14 ​​YouTube appoints Web3-friendly exec as new CEO.

YouTube’s new CEO Neal Mohan previously emphasized that NFTs could be an important tool for the platform’s content creators to develop additional revenue streams.

Google-owned YouTube has appointed Web3-friendly exec Neal Mohan as its new CEO following the departure of Susan Wojcicki this week.

Wojcicki stepped down from YouTube on Feb. 16 after nine years at the helm, outlining plans to start a “new chapter” focused on family, health and personal projects. During her tenure, she oversaw the pivotal introduction of the revenue-sharing model, among other things.

Moving forward, she will remain an advisor for Google’s parent company, Alphabet.

Before becoming the new CEO, Mohan served as YouTube’s chief product officer and oversaw the controversial removal of the video dislike button, the introduction of YouTube Shorts to compete with TikTok, and YouTube Music.

In terms of Web3, Mohan outlined tentative plans in February 2022 to integrate a host of new features, such as etaverse-based content experiences and content tokenization via nonfungible tokens (NFTs), much to the dismay of the NFT-hating community at the time.

In particular, Mohan emphasized that NFTs could provide a new way for creators to engage with their audiences and develop additional revenue streams. He cited the potential for creators to tokenize their videos, photos, art and experiences as examples.

“Web3 also opens up new opportunities for creators. We believe new technologies like blockchain and NFTs can allow creators to build deeper relationships with their fans. Together, they’ll be able to collaborate on new projects and make money in ways not previously possible,” he wrote in a blog post on Feb. 10, 2022.

Despite being intended to potentially roll out last year, the Web 3-related plans are yet to materialize but could be set for another push in the near future, given that Mohan is now leading the firm.

Following the news of Mohan becoming the new CEO of YouTube, there has been a surprisingly limited amount of FUD from the feisty NFT skeptics on Twitter, who are usually quick to flame anything to do with reports of mainstream connections to the tech. Open / Comment

2023-02-15 20:00:38 ​​South Korea to examine crypto staking services following the Kraken case.

No details on the timeline and methods of the examination were provided, but reportedly it would be conducted moderately as no wrongdoings have been registered in the country.

As reported by a local publication on Feb. 15, Korean financial authorities are looking into the staking services market. However, as the unnamed official specified to the journalists:

The fears of the crypto community about the possible repercussions of the recent court deal between the United States Securities and Exchange Commission (SEC) and Kraken are starting to materialize. Following their American counterparts, South Korean regulators intend to examine the crypto-staking operators in the country.

“The position is that there is nothing to be a problem because nothing has been done.”

No details on the timeline and methods of the examination were provided, but it could affect some legislative decisions. In contrast to more common operations with digital assets, crypto staking isn’t defined by Korean regulation at the moment.

The global discussion on crypto staking kicked off with a Feb. 9 settlement between the SEC and Kraken crypto exchange. Kraken agreed to pay a $30 million fine and halt its staking program. The move was widely criticized by the American crypto community and even the SEC’s acting commissioner.

In his analysis for Cointelegraph, J.W. Verret, an associate professor at the George Mason Law School, warned about the SEC’s intention to use its Kraken playbook against staking protocols in general:

“It’s becoming clear from a pattern across financial regulators and the White House that the subtext in the administration’s policy toward crypto is that it should be choked off.”

In February, South Korea’s Financial Services Commission established guidance that specifies which types of digital assets will be considered and regulated as securities in the country. The law considers securities as financial investments where investors are not required to make additional payments after their original investment. Open / Comment