CryptoBitca

2021-10-06 12:00:58 Unveiling an upcoming
100x potential Play-to-Earn Metaverse project.

Forget StarAtlas. Forget Axie Infinity. We will be unveiling the largest and most ambitious Play-to-Earn Metaverse project of the decade in the 2nd half of October. We are not here to just be a number in the play2earn category. We are here to TAKE OVER.

We welcome you as the earliest pioneer and visionary in the GROUND ZERO PHASE as we begin our take over journey.

Get ready for The Big Unveil.

https://t.me/metaversegroundzero Open / Comment

2021-10-05 16:00:58 A cool opportunity to get a token at a price of $ 0.1 before entering the exchange!

Right now, IDO is taking place on the Zelwin.Finance site of the iCW token - iCryptoWorld.

iCryptoWorld is already a successful company in the global digital technology market. It has been operating since 2017 and provides services for renting equipment for turnkey cryptocurrency mining and cloud mining.

Participating in IDO is easy:
Visit app.zelwin.finance/ido
Add any number of ZLW tokens to the iCryptoWorld betting package.
Connect your wallet on the IDO page and register to participate.
If you become the winner of the drawing, you will have the opportunity to redeem the project tokens, if you do not win, you will still have ZLW tokens that can be sold or left as an investment.

Learn more at app.zelwin.finance/ido

If you have questions or a promising project for IDO - write @zelwinchat. The first Zelwin.Finance project was AMC Fight Nights - × 14 ATH.

Go ahead! Open / Comment

2021-10-03 22:00:31 ​Will The Biden Administration Regulate Stablecoin Issuers As Banks?

According to a report by the WSJ, the Biden administration is looking into the possibility of regulating issuers of stablecoins as if they are banks. The administration is also exploring the possibility of asking Congress to come up with legislation that would create a special-purpose charter specifically tailored to these companies.

All the recommendations made by the Biden administration will be included in a treasury-led paper, which is slated for release in October.

Apart from treating stablecoin issuers as banks, the administration will also nudge the firms to register as banks, with the continuous and rapid evolution of the crypto space eliciting significant concern from authorities.

Along with the regulatory strategy, the administration is also considering going to Congress to ask it to propose legislation that would create a special-purpose charter that would be created specifically for these firms. If Congress passes the special-purpose charter, then it would subject stablecoin issuers under federal oversight and not state laws.

Although the recommendations and proposals are still a work in progress, they will be included in a Treasury-led paper that will be published sometime in late October. The paper is being authored by Treasury Secretary Janet Yellen, Federal Reserve Chairman Jerome Powell, and Securities and Exchange Commission Chairman Gary Gensler. Gensler had recently compared stablecoins to poker chips.

One of the recommendations made by the administration is to have the Financial Stability Oversight Council explore the risks posed by stablecoins to the current financial system. However, according to the WSJ, the administration is leaning towards Congress to act as the Financial Stability Oversight Council can be a little difficult or unwieldy. The Federal Reserve is also set to release its highly anticipated report on the potential digital dollar.

Stablecoins are digital tokens that are often pegged to external assets or currencies such as the US Dollar. Stablecoins make up only a tiny percentage of the $2 trillion digital assets but have attracted attention from regulators thanks to their astonishing growth in a very short amount of time.

Well-known stablecoins such as Tether and Circle have seen a significant increase in valuation, skyrocketing to $110 billion from $11 billion. As a result, they have become a target for regulators who have proposed a slew of strict rules for cryptocurrencies. Securities and Exchange Commission Chairman Gary Gensler has already warned that cryptocurrency investors could potentially get hurt if the crypto space is not given the same protection against fraud and manipulation as present in the banking sector.

On the other hand, Federal Reserve Chairman Jerome Powell told Congress that he believes stablecoins are like money market funds and should be regulated.

“Stablecoins are like money market funds, are like bank deposits, but they’re to some extent outside the regulatory perimeter, and it’s appropriate that they be regulated. Same activity, same regulation.” Open / Comment

2021-09-26 21:00:21 ​Taker Protocol Raises $3M To Transform Cross Chain NFT Liquidity And Utilization

Taker Protocol focuses on improving the liquidity available in the NFT market. Due to the unique non-fungible structure of NFTs, existing DeFi primitives are difficult to integrate into the market, resulting in significant issues in terms of overall liquidity. The value of an NFT is extremely volatile and often effectively becomes zero as no buyers can be found at any reasonable price. Furthermore, NFTs are difficult to use productively after purchase and often end up forgotten in the user’s wallet.

Taker Protocol aims to solve the worst of the liquidity issues for NFTs by bridging them with DeFi and implementing NFT lending. Owners of NFTs will be able to supply them into the protocol so that borrowers may use them. This can enable several unique use cases, such as renting profile picture NFTs or metaverse assets to start playing a video game. Lending on Taker is unique in DeFi as it does not depend on the value of the assets. Interest rates and the terms of the loan are fixed at the beginning, and only the failure to return the asset in time may result in liquidation.

The TKR token defines membership in the Taker DAO, which has several key functions in the system. In addition to setting loan-to-value rates and other parameters in the protocol, the DAO will also contribute in fairly appraising a particular NFT or NFT collection. This means that each asset supported by Taker will have a guaranteed fair floor price. In return, TKR holders will be able to obtain rewards and receive a portion of platform income.

The funds received will help Taker launch the full version of the protocol across multiple chains, including Ethereum, Polygon, NEAR, Solana and Polkadot. The support of major stakeholders and participants in the NFT ecosystem will also help further development of the project.

“We are absolutely thrilled to welcome so many well-established investment funds to the team,” said Angel X, Co-Founder of Taker. “Their participation heralds an exciting new phase for the protocol, as we seek to address persistent problems in the NFT lending market for the benefit of end users. This investment will enable us to further optimize liquidation on NFT assets across multiple blockchains, removing the barriers to entry that prevent new players from entering the market.”

Taker is the first protocol to provide liquidity to the NFT market by combining it with DeFi primitives and DAO management. It is a multi-strategy, cross-chain lending protocol for lenders and borrowers to liquidate and rent all kinds of crypto assets, including metaverse assets and digital collectibles, but also financial papers, synthetic assets and more. Taker provides ensured liquidity via the LenderDao infrastructure and extensions that could be integrated into NFT marketplaces Open / Comment

2021-09-19 20:00:46 ​Crypto Daily Is Changing Its Main Telegram Channel

Previously, Crypto Daily’s old Telegram group had around 33,500 subscribers. The group was constantly updated with the latest news, making waves in the crypto space, or with technical analysis reports. However, due to certain internal reasons, the leadership felt it was best to deploy a new TG channel.

Subscribers are advised to move to the new channel as soon as possible to keep on receiving the latest crypto news with the highest journalistic quality and integrity as they have grown to expect.

Crypto Daily is the leading crypto and blockchain news site that ‘bridges the gap between companies, users, and enthusiasts. Founded in 2017, Crypto Daily originally started as the world’s first free-to-publish crypto news platform and operated under this model in response to what it deemed as the centralization of information by the largest media outlets. However, owing to the financial demands of running a full-time media website, the free-to-publish model was not sustainable enough in which to continue bringing diverse content to the masses.

For this reason, Crypto Daily has since opted for a new model which it believes will not only allow for more diverse news to reach the masses but one which will allow for more companies and projects to get the coverage that they deserve. Quite simply, Crypto Daily is aiming to cover more news and information than what other outlets are currently providing, and through the unique benefits associated with Crypto Daily’s hybrid model, it is the outlet’s ambition to become the number one news and information resource for the crypto and blockchain sphere. Open / Comment

2021-09-12 21:00:27 ​Bitcoin And El Salvador Roundup: How BTC Became Legal Tender, A New BTC Wallet, BitGo, And More

Bitcoin and El Salvador saw one of the most important moments in their history take place last week when the country passed a law making Bitcoin legal tender. Starting with a new BTC wallet to how the groundwork was laid to make BTC legal tender in El Salvador, let’s look at some of the biggest developments over the past week.

El Salvador has made history by becoming the first government to adopt Bitcoin, with help from Bitgo that is behind the technology that is powering the entire effort. The South American country had outlined its intentions about adopting BTC in June, with president Nayib Bukele announcing the decision on his official Twitter handle. The bill for the Bitcoin law was passed after 62 out of a total of 84 Congressmen voted in favor. El Salvador will also be looking at sustainable bitcoin mining, exploring renewable energy use for Bitcoin mining.

After adopting BTC as legal tender, El Salvador will be using the official Chivo digital wallet, which will be provided by Bitgo, a crypto custody firm based out of California. Bitgo will provide the Chivo security platform and the application programming interface. Since its founding in 2013, Bitgo has become one of the most valuable blockchain companies, offering multisig wallets and custody services for Bitcoin.

Mike Belshe, CEO and Co-Founder of BitGo, commented on El Salvador’s decision, stating,

“Digital assets look so different from what we’ve seen with other types of money, and so people wonder about how [they] fit in, but this is an opportunity to build financial freedom for the people of El Salvador.”

Several reports have stated that the Chivo Wallet could cost money service providers such as MoneyGram and Western Union to lose around $400 Million in commission made due to remittances. With remittances making up over 23% of El Salvador’s GDP, money service providers such as MoneyGram and Western Union were the preferred method of transferring the remittances. However, the Chivo wallet could change all that.

Whistleblower and privacy activist Edward Snowden weighed in with his thoughts on the possible implications of the Bitcoin law. According to Snowden, the implementation of Bitcoin as legal tender could put pressure on competing nations to follow suit, with other countries being forced to acquire Bitcoin. He further stated that Bitcoin’s technical design incentivizes early adoption.

After the announcement that El Salvador will be adopting Bitcoin as legal tender, the world media has unleashed a barrage on the South American country, drawing the ire of the IMF. Several media reports have come out against the adoption of BTC. According to economist Steve Hanke, the existing system is working perfectly fine. He also backed MoneyGram and Western Union, commenting that they are cheaper and better methods to send remittances. Open / Comment

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2021-09-10 18:59:54 Join our Telegram group and request a free debit card now! The offer is limited.

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YouTube: https://www.youtube.com/channel/UC0btLJGeN1Lj3CaNSyuf95Q/featured Open / Comment

2021-09-08 16:00:37 Today we have a review of the TRACK token.

TRACK is a token of the TRAXIR project that will seriously compete with the VET token in the future.

As you know, the success of any project is its team and its technical performance. TRAXIR is currently in the development stage. We would have liked to know about this token earlier and get to a closed token sale. But we were too late. Now we will wait for the second token sale.

We recommend that you also subscribe to their official Telegram channel to follow any updates.

Telegram - https://t.me/traxir
Twitter - https://twitter.com/TraxirO
Website - https://www.traxir.com Open / Comment

2021-09-05 21:00:26 ​Fantom Foundation And Bware Labs Announce Collaboration, To Focus On Growing Infrastructure

With the collaboration, developers on Fantom have access to Bware services and can now create blockchain APIs that can connect their dApps to the Fantom Network. The entire process of creating blockchain APIs and connecting them to the Fantom network takes less than a minute.

The partnership with Bware comes at a time when the Fantom platform is seeing rapid growth, with developers hoping to leverage Fantom’s ability to provide finality in less than a second and almost zero gas fees to help power their decentralized applications. Additionally, there are several projects that have already taken advantage of Fantom’s EVM compatibility, using it to port over their Ethereum solutions. One such example is the Atari Chain.

Fantom has seen a significant rise in its on-chain statistics, which reflect the growth that is currently taking place on the Fantom Network. The Fantom has seen an increase of over 5700% in the number of unique wallet addresses on the platform, with Fantom now processing anywhere between 300,000 and 1 Million transactions per day.

With such a high and unprecedented rate of expansion, the partnership with Bware Labs gives developers an efficient method of connecting to the Fantom blockchain without investing the time, money, and effort required to engineer and maintain a node.

Bware Labs has also enjoyed stellar success during the current year, and the collaboration with the Fantom Foundation has resulted in Bware receiving a grant that can help the protocol in the building of their API infrastructure.

The announcement of the collaboration with Bware labs caps off a remarkable and immensely successful summer for Fantom. The company has announced several new initiatives during the current year, including several new partnerships, the integration on the Coinbase mobile wallet, a DeFi focused incentive program worth over $350 Million, and several other initiatives. The partnership with Bware Labs will play a crucial role in the onboarding of new developers and new projects, as the Fantom ecosystem continues to grow,

The Fantom protocol is a scalable, quick, and secure EVM Layer-1 compatible platform that is built on a permissionless aBFT consensus protocol. All transactions on Fantom are confirmed in just a second and at an average cost of one cent. The high speed and high throughput, coupled with low transaction costs, make Fantom an ideal platform for DeFi applications and other real-world use cases. Open / Comment