Crypto Retro

2023-12-08 18:31:17 House Committee Unanimously Passes Pro-Blockchain Bill

The House Committee on Energy has voted unanimously to approve a new piece of legislation entitled the “Deploying American Blockchains Act.”

According to the brief, the bill would “direct the Secretary of Commerce to promote the competitiveness of the United States related to the deployment, use, application, and competitiveness of blockchain technology or other distributed ledger technology, and for other purposes.”

The brief notes that the Secretary of Commerce would “serve as the principal advisor to the President” regarding policy issues related to blockchain technology.

Moreover, the bill would require the Secretary of Commerce to spearhead a “Blockchain Deployment Program” that would “support American leadership in the deployment and use of blockchain technology and other distributed ledger technology, applications built on blockchain technology or other distributed ledger technology, tokens, and tokenization.”

Led by efforts from Congresswoman Lisa Blunt Rochester (D-DE) and Congressman Larry Bucshon (R-IN), the bill has even garnered approval from some of the crypto industry’s biggest voices, including the Blockchain Association and the Chamber of Digital Commerce. Open / Comment

2023-12-06 21:00:04 The best AI L0/L1 gem for December: $DAG

$DAG Constellation Network should reach at least $0.64 in the next few weeks (the Feb 2023 high) – there are very few local resistances along the way.

$DAG is only $130 million market cap now but could go to $10 billion in the AI bull market – 5 reasons why:

Mainnet 2.0 is live
Perfect for big AI models, IoT, federal agencies...
The L0 has zero fees and can host an infinite number of L1’s
Validated by the US government (Department of Defense)
Uses the best tech stack by Cosmos, Polkadot & Cardano

$DAG on KuCoin
Official Constellation Network Telegram Open / Comment

2023-12-06 20:01:49 IBM Unveils New Cold Storage Technology for Enhanced Crypto Asset Security

IBM has announced the release of the latest technology designed to enhance the security of cold storage for digital assets, aiming to revolutionize the way cryptos are managed and protected.

The IBM Hyper Protect Offline Signing Orchestrator (OSO) is specifically developed to overcome the challenges associated with traditional methods of cold storage for digital assets. By integrating advanced security features such as disconnected network operations, time-based security, and electronic approval by multiple stakeholders, OSO represents a significant leap in protecting high-value transactions.

In the announcement blog, IBM wrote, “OSO is designed to address limitations of current cold storage offerings for digital assets, including the need for people to perform manual procedures for the execution of a cold storage transaction.”

Further elaborating on the functionality, the blog explained, “Hyper Protect OSO provides a policy engine that brokers communication between two different applications that have been designed not to communicate directly with each other for security purposes.” Open / Comment

2023-12-06 18:00:12 Why $RBW is the no.1 gaming token pick for this month

Huge volume on $RBW (Crypto Unicorns) – a great game backed by Polygon, Delphi fund, etc. $0.30 would be a perfect entry, but it’s better to DCA as the pullback from the current level can be very shallow.

The real party starts above $0.40 – this gaming token can easily go to $0.70-.75 even before the real gaming bull market starts.


$RBW has lots of utility in the game – and even more is coming in 2024. Check out Rainbow Rumble and the other mini-games – and you’ll understand why top venture funds invested $26 million in this project!

Trade $RBW on BitGet
Trade $RBW on Uniswap
Website Open / Comment

2023-12-05 18:30:26 Osmosis and UX Chain Announce Merger, Set to Jointly Launch Cosmos-based DeFi Hub

Osmosis and UX Chain are preparing to merge in a move that seeks to create a comprehensive DeFi hub. Subject to approval, the merger would result in the fusion of lending protocol UX Chain’s lending logic and algorithms with Osmosis’ decentralized exchange, the largest DEX on Cosmos.

In an announcement posted on Osmosis’ forum on Sunday, the companies jointly detailed a plan for the proposed merger. The procedure will take place in incremental steps, starting with the assimilation of UX Chain’s codebase into the Osmosis Chain.

“When looking through the Cosmos, it is clear that Osmosis has shown a dominant presence as the most successful DEX in the ecosystem,” Osmosis said in its post. “Concurrently when looking at lending platforms in Cosmos it is quite apparent that the Umee UX Chain is the dominant lending platform in Cosmos with more special features than any other lending platform in crypto. Considering the potential synergies, we’re proposing a merger of these blockchain protocols into one of the most powerful DeFi ecosystems possible.”

The merger seeks to maximize the capabilities of both platforms, with the initial phase expected to include the harmonization of shared total value locked across the two networks. During this preliminary step, both chains will maintain the separate trading of their respective tokens — the Osmosis token and the UX token. Open / Comment

2023-12-02 18:30:00 Brazilian Senate OKs ‘15% Crypto Tax Rate’

Brazilian senators have voted in favor of a bill that proposes taxing crypto tax profits earned on overseas crypto platforms at a fixed rate of 15%. Per the parliamentary website and a report from Brazil’s Livecoins, lawmakers “seriously amended” the bill to ensure no loopholes were included. Should the bill become law, users of international crypto exchanges such as Binance, Coinbase, and Kucoin will need to declare their earnings.

The law is slated to come into force on January 1, 2024. It will require Brazilian crypto investors to declare these gains “separately from other income and capital gains.” Some more active crypto traders will breathe a sigh of relief, however. The amended bill replaces an initial proposal for a “sliding scale”-type structure.

Under this proposal, those earning less than $1,200 from crypto trading on overseas platforms would have been exempt from taxation. But crypto traders earning over $10,140 per year would have faced tax bills of over 22%. Open / Comment

2023-12-01 21:00:04 Continuing our exploration of M20 Chain & its $MCOIN

M20 Chain, an early-stage project with immense growth potential, offers cheap and fast transactions. Waiting for their Metaverse in April: a digital realm for community, business, virtual exploration, gaming, and entertainment.

Some thoughts:
M20Chain connects people with Web3, eliminating entry barriers.
Passed Certik audit, ensuring a secure Web3 experience.
Empowers artists with copyright protection and fair compensation.
Revolutionizes education with immutable records for easier credit transfers and job applications.

Its own native $MCOIN:
Listed on 4 CEX.
Empowering creators and securing digital assets.

Diving deeper here: @m20chainannouncements
Become among the first in community: @m20groupchat Open / Comment

2023-12-01 20:01:33 Crypto Loans Platform Nexo Integrates Koinly to Ease User Tax Obligations

Nexo, a lending platform that provides instant crypto loans, has partnered with Koinly to simplify user’s tax reporting.

Effective November 30, 2023, the collaboration enables Nexo users to easily generate tailored crypto tax reports. A company statement said that the partnership will streamline the crypto tax reporting and preparation of financial statements.

Further, Koinly allows Nexo users to cater to their specific transaction histories and tax obligations through the Nexo app. Nexo clients can also access custom country-wise tax reports for over 100 jurisdictions.

“Our partnership with Koinly reflects our dedication to providing holistic financial solutions and empowering our clients to make informed financial decisions,” said Antoni Trenchev, co-founder and Managing Partner of Nexo.

Additionally, the company noted that the service automates accurate tax reports, simplifying tax complications and reducing human error. Nexo users can avail the service for free up to 800 transactions annually. For users exceeding this transaction volume, a 30% discount is offered on Koinly. Open / Comment

2023-11-30 15:00:07 New Find: Delving into M20 Chain & MCOIN World

Just stumbled upon something truly exciting in the vast crypto space – M20 Chain and its native coin MCOIN.

Imagine a space where learning about Blockchain & Web3 is as simple as your everyday web browsing. M20's primary mission is to break down barriers and make the complex world of Web3 accessible to everyone.

Here's why M20 is catching my eye:
Early Growth Potential: As an early-stage project, M20 Chain holds significant growth potential.
Cost-Effective Transactions: Experience cheap and lightning-fast transactions.
ILO Metaverse Launch: Get ready for the Initial Land Offering in the metaverse – all set to unfold before Bitcoin's next halving!

I recommend you not to skip such projects – early birds get the biggest profits!

Check out the official announcements: @m20chainannouncements and dive deeper into the community chat: @m20groupchat Open / Comment

2023-11-29 20:35:56 Attention, future millionaires!

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