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Crypto Daily #3 – 05.01.2022

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120 articles found about “crypto” today. Here are some of the links and a summary of their articles.

Topic 1

Baanx has received FCA approval to undertake crypto asset activities

Baanx has received full crypto assets registration approval by the FCA. Baanx, who has recently announced its partnership with Ledger and has already seen over 150,000 on the waitlist in 14 days, sees this as a critical milestone for the business strategy to provide compliant and secure crypto assets to its A-list clients in the crypto field. The FCA approval marks another milestone of our continued success in providing leading services that disrupt the FinTech and banking ecosystem.


Crypto is Growing in Africa

Africa is the second biggest continent in the world, with around 1,5 billion people and still growing. This continental-wide problem has led to more than 50% of the population being unbanked. Crypto impacts due to inflation

Nigeria is a country that has the biggest population in entire Africa with over 200 million people. Africans are already used to online payments thanks to the adoption of M-Pesa that was developed in Kenya. Crypto and future

Analysts expect that due to the simple usage and cost-efficient sides of cryptocurrency when sending money and receiving it, it will lead to a non-stopping growth of this digital currency in Africa.


How to evaluate crypto projects?

Bad projects also keep on rising, however, sometimes these can be mistaken for good investments. We may come across some shiny project and would want to pledge our money on it. Our focus will be on the latter which works by evaluating the foundations and healthy of the investment. Additionally, do not discard a project for missing a deadline as long as they are communicative about the mistakes. Moreover, you can check the team composition and see the qualifications of the team members to evaluate crypto projects. Project stage

You may also check the stage of the development of the project. Token Economics

This is a vital aspect of a crypto project for its long-term survival. Projects hire good economists to design a complex mechanism to help the token serve its purpose.


Turkey’s rising inflation pushes citizens to crypto

In recent times, one of the major economic crises countries around the world have been facing is inflation; especially as a number of them are having to battle with the dwindling purchasing power of their national fiat currency due to the effect of the coronavirus pandemic. Turkey is battling an economic crises

One country fighting this battle is the Republic of Turkey, where current indications show that the country’s inflation rates have spiked to over 30%, the highest ever in 19 years. Turkey Citizens flock crypto

Due to this level of inflation, citizens of the country have been flocking to crypto assets as demand for Bitcoin and other digital tokens rose massively in the previous year. CryptoSlate Newsletter Featuring a summary of the most important daily stories in the world of crypto, DeFi, NFTs and more.


Footprint Analytics: Will the rebranded Anyswap be the next Web 3.0 bridge?

On Dec. 16, Anyswap announced it will rebrand as Multichain, reflecting a change in focus from asset cross-chain solutions to multi-chain asset interaction technology. Avalanche and other projects to support cross-chaining of Terra stablecoin UST between Terra and the Fantom mainnet. The initial application scenarios of ANY were purely as a governance token

Voting is used in the supported mainnet to decide whether to access it or not. In June, Anyswap announced the first token buyback and destruction mechanism, by assigning 20% Cross-chain business fees for buybacks and destroying ANY to enter deflationary mode. ANY’s price has trended upward since Anyswap announced the new mechanism, rising from $2.02 on June 20 to a peak of $20.50 on Dec. 15, an increase of 915%, and currently falling back to $18.94. Suppose the user wants to cross-link Polygon from BSC with 12 USDT. Before the upgrade

Before the upgrade, the user needed to understand how Anyswap worked so he or she could choose between the cross-chain bridge and multi-chain routing. Users can now easily access cross-chain reference data and evaluate potential opportunities and risks.


Most top 20 cryptos in the green, Chainlink is biggest winner with 10% added value

Major cryptos remained relatively unchanged over the past 24 hours. Mina has been described as the world’s lightest blockchain since its size is designed to remain constant despite growth in usage. BitTorrent is a popular peer-to-peer file sharing and torrent platform which has become increasingly decentralized in recent years. The 83rd biggest coin by market cap is trading for $0.13 today with a 24-hour trading volume of $482 million.


Top Staking Altcoins to Explode in 2022, JEDSTAR Shines Bright

The crypto world continues to develop its technology to provide the best use case and user experience to all its users around the world. Last year, the DeFi space took the crypto world by storm when it surged to almost 1000%, with a total locked value amounting to over $200 billion. On the other hand, JEDSTAR enables the staking of their utility token $JED in exchange for $KRED on their STARSTAKING platform. The crypto recorded an ATH of $1.13 in November from its inception price of $0.0001. Because of these qualities, SOL is considered one of the best staking coins in the market. Also, users that staked their tokens on Solana can expect annual returns ranging from 7–11%.


India Accuses WazirX of Tax Evasion, Future of Local Crypto Sector Remains Unclear

India’s largest cryptocurrency trading platform, WazirX, has been accused by the country’s authorities of tax evasion worth $5.4 million (40.5 crore rupees). Since crypto has become a potential source of revenue and fraud, the Indian tax authorities are witnessing a new era of investigations. The cryptocurrency bill had been listed for the parliament’s winter session, but it was not tabled due to a requirement for further deliberation. News on December 7, 2021, despite the recent progress being made with respect to the regulations of digital currencies in India, a Lok Sabha lawmaker, Nishikant Dubey, advocated that the nation should ban cryptocurrencies rather than embrace these nascent assets through regulation. “From 2013-14, our member Shivkumar Udasi has been contending that this should be stopped, it is based on darknet technology, and this would only be used for drugs, prostitution, terrorism, arms,” Mr. Dubey said, adding that “the whole world is troubled by it.

Source: https://Blockchain.News/news/india-accuses-wazirx-of-tax-evasion-future-of-local-crypto-sector-remains-unclear

BlockchainSpace Founder Shares His Play-to-Earn Global Vision

Peter Ing, the founder of BlockchainSpace, a guild hub for play-to-earn communities, shared his global vision for play-to-earn. “Fortunately, that’s been my background for the last couple of years, which is understanding how to automate the issuance of credit lines down to different digital wallets.” Moreover, he also stated that because of the data they’ve been aggregating, BlockchainSpace has a lot of performance data that could be considered in the financial world.


Top 3 Stablecoin Yield Farming Platforms to Survive This Crypto Winter

Crypto winter is upon us, and chances are crypto markets will continue to trade sideways and experience bearish momentum for the next few months. In other words, Venus enables the world’s first decentralized stablecoin, called VAI. Harvest

Harvest is a relatively new yield farming platform that’s one of the more lucrative options on this list. Even though the TVL is relatively low compared to Aave, Harvest currently offers the highest APY for stablecoins, including 7.93% for USDC deposits and 6.18% for USDT deposits. On the other hand, if you’re not quite bearish on crypto but still would like to take advantage of yield farming and generate passive income on your crypto holdings, consider more traditional liquidity farming with an exchange like Uniswap or PancakeSwap to maximize your returns. Follow us on Twitter @nulltxnews to stay updated with the latest cryptocurrency news!


Institutional Era: The Bitcoin Buyers You Haven’t Heard About

On the frontline of crypto trading, Anton Chashchin, the Managing Partner of Bitfrost, presents his insights into the rising institutional adoption of cryptocurrencies and the buyers flying under the radar of the Elon Musk-focused headlines. ADVERTISEMENT

This year, many investors have experienced déjà vu of 2017 with the amount of hype about cryptocurrencies. These decisions are not on a whim either, with lengthy board meetings and risk assessments preceding every buy. As such, we are now witnessing a concurrent rise of institutional investment and holding behavior, creating more buy pressure down the line. Institutional trading creates larger volumes, and larger volumes attract new institutions. Just like crypto-backed loans, this also allows beneficiaries to reduce taxes on their capital gains, drawing in more traditional investors who have discovered these upsides. Living trusts protect the assets of their beneficiaries by adding an additional level of privacy, attributing asset’s ownership to the trustee, instead of disclosing the real owner. Family Offices

With crypto-aware millennials rising through the ranks of more institutional asset management style family offices, Bitcoin is an increasingly popular portfolio component. By safely allocating just 1% to Bitcoin, an Office can safely expect between 1 and 5% return without any significant risk. Therefore, the attraction to Bitcoin, which, like gold, is a protective asset due to its scarcity, is plain, particularly for those with sufficient knowledge and connections. In cases where we are talking about BTC/USD exchange or arbitrage, essentially buying something cheap and selling it at a better price, both base and quote assets are needed to run a business. Hype aside, it is an ongoing cycle that could genuinely see Bitcoin take off in a way we have not yet seen


The Journey of Bitcoin in 2021

While 2021 offered a degree of respite to investors operating across the world in the crypto landscape, it was mostly driven by fears that initially raised their heads back in 2020. The timeline below shows some of the major happenings with Bitcoin in 2021. trying ahead, LN’s BOLT-12 module guarantees to form revenant payments easier as well as modify alternative helpful options reminiscent of donations via static QR codes

One of the most important developments for the Bitcoin network since the SegWit overhaul of 2017 — a method by which the block size limit on coin’s blockchain was multiplied by detaching signature information from transactions enclosed in every block — was the activation of the Taproot upgrade. A reported story that had Bitcoiners, and the crypto enthusiasts in general, a touch cask this past year was China’s obligatory unequivocal blanket ban on its native crypto economy. At the beginning of the year, Nasdaq-listed Marathon Patent cluster went ahead with a $150 million purchase of Bitcoin as a part of its reserves, a call that was followed by social media juggernaut Twitter sanctionative a ‘crypto tipping’ possibility for its patrons. Similarly, several alternative firms as well as CleanSpark and Bit Digital have transitioned toward a lot of environmentally acutely for the harvest of BTC. Monetarily speaking, the augmented regulative pressure was combined by the actual fact that Bitcoin miners were able to generate over $15.3 billion in revenue, a variety that painted a year-on-year increase of 206% when put next to 2020. ProShares’ Bitcoin Strategy ETF became the world’s first U.S. exchange-traded fund supporting Bitcoin futures to be approved by the SEC, permitting investors across the board with a unique suggestion of investment within the premier cryptocurrency. That said, it seems as if the scheme encompassing digital quality has continued to mature, with an increasing variety of conferences and meetups ready to take place in 2022. All investors should consider such factors in consultation with a professional advisor of their choosing when deciding if an investment is appropriate. The Company has prepared this report based on information available to it, including information derived from public sources that have not been independently verified. The analysis by Author is for informational purposes only and should not be treated as investment advice


The North American Bitcoin Conference Heads to the Moon

Miami conference attendees have a 1 in 4,000 chance to win a Ticket to Space. Astranaut founder and CEO Shannon Graham says, “We are thrilled to be at the North American Bitcoin conference amongst the innovators and early adopters who will help mold this exciting future Astranaut aims to create through NFTs, crypto, and unprecedented space training and travel.”


Topic 2

I sold my toys to buy Bitcoin when I was 11 and now I’m a millionaire at just 21…

A CRYPTO trader has shared how he became a millionaire after selling his toys to buy Bitcoin when he was just 11. 6 Dadvan Yousuf, 21, is now the youngest self-made millionaire in Switzerland

6 Dadvan was only 11 when he began trading

The 21-year-old Kurdish refugee fled with his family to Ipsach, Bern, in 2003. “I am 100 per cent sure that most people who bought my games that day thought ‘What a sad boy, it must be from a poor family, let’s help’. He added: “I was a little bit of a tech guy so I started googling about banks. “I told my father I wanted to buy Bitcoin and he thought I was joking. told Mail Online: “The rise in young people investing in cryptocurrencies is very worrying, especially as fraudsters have flooded social media with scam investment adverts that prey on victims who may have little or no experience of investing.” The risks of buying with cryptocurrencies Investing and making a purchase in cryptocurrencies such as Bitcoin is risky . Similarly, the price of Bitcoin has soared by more than 21% since the start of this week so it can be hard for a shopper to get an accurate idea of the price of an item if its value changes on a daily basis. About a year later the young boy made his first big deal buying 1000 Bitcoins at $13.53 a piece for €11,200.


ICP is up 24%: here’s where to buy ICP now

The live Internet Computer price today is just under $36 with a 24-hour trading volume of $1.5 billion. You can still purchase ICP using a DEX (decentralized exchange) though, which just means there are a few extra steps. Send your ETH to a compatible wallet like Trust Wallet or MetaMask. You’ll need to create your wallet, grab your address, and send your coins there. In 2023, they predict a minimum of $76 and a maximum of $90 with an average price of $79 throughout the year.


Topic 3

OpenSea Hits a Valuation of $13.3 Billion, Raises $300 Million in Series C

A prominent online marketplace for non-fungible tokens (NFTs), OpenSea announced that it has secured $300 million in a Series C funding round to expand its operations today. Co-founded by Devin Finzer, OpenSea is one of the most valuable startups in the crypto ecosystem. This quarter, we are launching a grant program to give us the opportunity to directly support the developers, builders and creators shaping the future of the NFT space.


LinksDAO just raised $10.5 million and is looking to decentralize the golfing experience

LinksDAO, a decentralized autonomous organization founded by Mike Dudas, has sold out its debut collection of NFTs raising $10.5 million. And while this might seem like a crossover too ambitious to the stuffy golf club experience, the project has already gotten quite a bit of attention and is betting on the success projects like the ConstitutionDAO saw in the past few months. The NFTs provide their holders with a set of exclusive perks, which include the right to purchase a membership at the club LinksDAO buys, discounts on golf tee times, and access to members-only Discord channels. In the US, a DAO isn’t a recognized legal entity and, as such, cannot hold assets or own companies. There’s also the question of sustainability—how long can such a venture last if the DAO craze dies down? “It doesn’t take a cynic to imagine that a private club composed of thousands of golf- and crypto-fiends from around the world might turn out less like a laidback National Golf Links and more like a members-only Lord of the Flies,” the magazine noted. CryptoSlate Newsletter Featuring a summary of the most important daily stories in the world of crypto, DeFi, NFTs and more.


Topic 4

Innovators Gateway on the Blockchain

Many creatives aspire to have a successful and fulfilling career in the fashion world, but sadly, this achievement has eluded many. Parisian luxury fashion brand Faith Connexion will launch the project as a DAO (Decentralized Autonomous Organisation) under the name “Faith Tribe”. This ultimately serves the purpose of providing these creatives with opportunities they would not normally be graced with, on an inclusive platform where the income disparities, education level, race, gender, geography, or country of origin of its users is irrelevant. The Design Platform and Protocol

This combined gift of the ability to create, network and innovate in one place will be bestowed onto the users of Faith Tribe’s creative platform. This is where the virtual design and customisation of entire garments, outfits and accessories will unfold, along with the designs being minted as NFTs onto the platform’s native NFT Marketplace. Faith Connexion plans to launch Faith Tribe in January, and it will be exciting to see it thoroughly equipping the next generation of sartorial innovators with the tools to grow and succeed.


CryptoWorldCon Will Turn Miami Into the Epicenter of the Blockchain and Cryptocurrency Community in April 2022

CryptoWorldCon (CWC) 2022, The mega event of the year of blockchain technology and cryptocurrencies conference/trade show, focused on cutting-edge schemes and trends in the blockchain market, will be held at one of Miami, most prominent and renowned venues the James L. Knight Center, on April 1–2, 2022. Be part of the game changer community that is creating a social and economic impact in the world.


Topic 5 – 8

Worst cryptocurrency? Here are some prominent losers in crypto space

Are You Looking for Compelling Stock Ideas from Diverse Sectors? In fewer than four months, the investment would have doubled. A 100 per cent return when the global economy reeled from pandemic fallouts and high inflation is no mean feat. Now consider an investor who had bought Bitcoin in April when it was priced nearly US$65,000. Also read: The top crypto gainers of 2021, and a couple of underperformers

Bitcoin SV project wants to make the blockchain more scalable without compromising on Nakamoto’s original idea. The platform makes deposit of cryptos a rewarding activity by giving away new cryptos to users. Celsius also claims to offer low-cost loans and waive off fees and other penalties that are a common sight in the traditional banking world. CEL traded at nearly US$5.4 on January 1, 2021, but by the end of the year the price was approximately US$4. Also read: Cryptocurrencies vs. stock market: What can be the best pick for 2022? Though the crypto investment market has yet to be shaped up by fundamentals like market share and revenue growth, investors still look at the project’s feasibility and commercial viability before backing the native token.


Despite Price Battery, Bitcoin Still Ranks as One of the World’s Most Valuable Assets

The 13 year anniversary of Bitcoin, created by Satoshi Nakamoto , and its strides on all fronts have positioned it as one of the most valuable assets in the world nowadays. Apple’s market capitalization briefly touched $3 trillion a few days ago as the tech giant won the race as the first company to reach that enormous valuation. Despite these huge ambitions, there is absolutely no doubt that this journey to hit this milestone which is still very far, as Bitcoin’s market cap is currently less than one-tenth of Gold’s which is trading at $11.529 trillion.

Source: https://Blockchain.News/analysis/despite-price-battery-bitcoin-still-ranks-as-one-of-the-world-most-valuable-assets

China’s Digital Yuan Wallet App Now in iOS and Android App Stores

China’s central bank has released its digital currency wallet app ahead of the Winter Olympics. Developed by the PBOC Digital Currency Research Institute, the wallet app for e-CNY, also known as Digital Currency Electronic Payment (DCEP), is now available for download in the iOS and Android app stores in China. According to SCMP, new user registrations are limited to the areas undergoing digital yuan trials and through major banks that provide e-CNY services. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.


TA: Why Ethereum Bulls Aim Fresh Rally Above $4K

Ethereum is holding gains above the $3,800 level against the US Dollar. The pair must clear the $3,880 zone to start a fresh increase in the near term

Ethereum Price Remains Supported

Ethereum made another attempt to gain strength above the $3,850 level. Besides, there was a break below the 50% Fib retracement level of the upward move from the $3,681 swing low to $3,891 high. Major Support Level – $3,740

Major Resistance Level – $3,850


Vitalik Buterin gives an estimate on Ethereum 2.0’s completion status

Vitalik Buterin gave a guesstimate on the completion of Ethereum 2.0. But the main theme of the interview centered around the development of Ethereum 2.0, particularly the “Endgame” blog article he posted in early December last year. The path to get there

On December 1, 2021, the first anniversary of the Beacon Chain launch, Buterin tweeted an updated roadmap diagram. The surge relates to increasing scalability through rollups and sharding. I’d be willing to go past 60 once the merge is fully complete, and I’d be willing to go past 80 once we have a full sharding implementation.”


BNB Binance Coin To Overtake Ethereum in 2022

In 2021, Pancakeswap, a decentralized crypto swap exchange, was responsible for more BSC transactions than the entire Ethereum network. New tokens like Evergrow are solely responsible for generating hundreds of thousands of transactions daily for the Binance chain. EverGrow is the first hyper-deflationary token that rewards its holders in BUSD that is generated from every buy/sell/transfer transaction in EGC tokens. If the price breaks above $575, BNB could first rally to $617 and then to the overhead resistance zone at $668.40 to $690.50, which will mean that the correction may be over for the significant gains BNB price made this year.


ARK Invest On-Chain White Paper Summary

The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. In today’s Daily Dive, we’re highlighting the latest ARK Invest Bitcoin white paper, “On-Chain Data: A Framework To Evaluate Bitcoin.” We will summarize their recent white paper and provide some Deep Dive resources to supplement. Evaluating address supply distribution, supply in addresses holding fewer than 10 BTC has increased since 2013.


Another Major Investment Firm Invests In Crypto

According to an SEC filing, Neuberger Berman is the latest investment heavyweight to join the crypto conga line. cont) — MacroScope (@MacroScope17) January 4, 2022

As first reported by MacroScope, Neuberger Berman filed with the SEC today regarding investing in cryptocurrencies through their Neuberger Berman Alternative Funds. Though, the fund did say that, “Toward the end of the reporting period, the Fund also began investing in bitcoin futures traded on futures exchanges registered with the Commodity Futures Trading Commission.”


Airbnb users want crypto payment options, according to CEO Twitter poll

Airbnb CEO Brian Chesky tweeted a poll on Monday asking his roughly 400,000 followers what they wanted from the rental platform in 2022. Chesky has today revealed that the majority of respondents want to be able to pay with Bitcoin (BTC) or other popular digital currencies when renting their next house or apartment on Airbnb. — Brian Chesky (@bchesky) January 5, 2022

Chesky also added that he has seen a number of token ideas, implying that Airbnb’s potential cryptocurrency payment selection will not be confined to one or two digital assets.


El Salvador prepares 20 bills to provide legal framework for Bitcoin bonds

El Salvador’s government, led by President Nayib Bukele, has moved ahead with plans to issue Bitcoin (BTC) bonds by preparing 20 bills designed to provide a legal framework for them. He said:

“[This is] to provide a legal structure and legal certainty to everyone who buys the Bitcoin bond.” Zelaya told El Mundo that the country would need to find financiers to help fill their obligation to pay off the Eurobonds, which could come from Bitcoin bonds or from “institutional offers from various investment banks” rather than another Eurobond issue. Related: President Bukele predicts Bitcoin rally to $100K, further legal adoption and more

The issuance of Bitcoin bonds would not, however, preclude the Central American nation from participating in traditional finance.


Infinite Launch Kickstarts 2022 With 5 Promising IDO Events

Despite having just broken into the Crypto market for 1 month, Infinite Launch has 5 up & coming blockchain-game, metaverse projects in the pipeline for their community of investors. Battle of Guardians – The next-gen blockchain multiplayer game NFT

Battle of Guardians (BOG), as the pioneer of NFT fighting games, will come up with three game modes for players to take part in. Players engage in fierce multi-realm battles in an expansive game world to defeat other players to earn rewards. Arenum is the evolution of Solanaverse and Web3 gaming infrastructure, which provides rewarding incentives for developers and gamers alike. Accompanied by NTF-enabled Metaverse, Arenum encourages players to compete against each other in the games they favor to unlock brand new, unique NFTs within their own game. Colizeum provides cloud-based tokenized tournaments, prediction markets, and a global attention marketplace for blockchain-games — all brought together on the Cardano blockchain. Colizeum is the latest project to be built by Beetroot Lab, the team behind the “Dystopia: Contest of Heroes” mobile strategy game. Now when owning a $ILA (Infinite Launch) token at a certain Tier level or purchasing Bony Bastards NFT on Infinite Launch, investors will immediately have a slot to attend IDO at the best price from extremely hot projects. Disclaimer: All information is provided with sharing purposes, not advice for investment.


Topic 9

Blockchain and the metaverse make inroads at Consumer Electronics Show

Blockchain, metaverse and nonfungible token (NFT) technology are set to make a splash at the Consumer Electronics Show (CES) event in Las Vegas this week. The lineup includes Nadkarni, Tsao, Transform Ventures CEO Michael Terpin and Blockchain Association executive director Kristin Smith. According to conference organizer the Consumer Technology Association (CTA), several top brands will use their spots at the event to explore and promote developments in metaverse tech such as “hardware, software, and the blockchain and crypto.” This is how we will teach complex subjects in the future using AR #CES2022 — Vala Afshar (@ValaAfshar) January 4, 2022

Speaking on Samsung’s plans for CES — the manufacturer recently ramped up its blockchain initiatives by announcing an NFT platform for its new smart TVs — CTA senior manager of industry intelligence Brian Comiskey told The Australian:

“We’ll really be looking at Samsung.


NVIDIA Strikes Deals With Metaverse Marketplaces. Distributes Free Copies of its Omniverse Software

NVIDIA, the global manufacturer of graphics processing units and integrated circuit technologies for workstations, personal computers, and mobile devices, wants to step up its efforts to develop more products for the metaverse. Instead, it has launched a program to support artists and content creators who focus on building virtual worlds and products that enrich the user’s experience in the metaverse. Although NVIDIA did not provide information about the content of the agreements, they did reveal that the first deals involved Shutterstock’s TurboSquid, Sketchfab, CGTrader, and Twinburu.


Here are 5 EXCITING Metaverse Tokens on Solana Blockchain

In addition to DeFi and NFTs, Metaversum tokens are now also being built on the fast Solana blockchain. #1 Solice (SLC)

Solice is a VR metaverse built on the Solana blockchain. According to the developers, the game will contain the modes Player vs Player, Player vs AI and raising digital pets. You can purchase the SOL Token from the Solana Blockchain on Binance , Coinbase , Kraken and Bitfinex.


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