CEO, Russell Bennett, forecasts a series of landmark announcements across Q2 and Q3, 2024. Commencing with the appointment of an advisory board. Jamie King, Dan Hibell, Elly Bradbury, and Anders Christiansen combine premium Web2-Web3 commercial nous to spearhead Metacade’s expansion across Talent, Product, Utility, and Engagement.
As blockchain games gear up to embrace one billion players, Metacade will mobilize advancements in game development. Fostering stronger bonds between games and experienced Web3 players, through immersive tournaments designed to improve gameplay.
During beta, Metacade experienced high demand for this innovative approach. “Over 60 partners joined the Metacade ecosystem in a few months. It’s evidence that games and gamers seek deeper connection,” notes newly appointed advisor Jamie King, co-founder of Rockstar Games. “Metacade’s commitment to transform tournaments into a multi-asset environment adds substantial value, offering hyper utility for holders and gamers alike. It’s a big vision, focused beyond a single cycle and I’m looking forward to guiding it.”
Proflic angel investor and Web 3 guild expert, Dan Hibell adds, “For Web3 gaming to reach mainstream adoption we have to address accessibility and usability. Gamers don’t want to pay outrageous prices for an item or wait for a node validator to process a transaction before getting their seasonal cosmetic item. Metacade exists to help builders improve these Web3 issues, the infrastructure use case is needed industry-wide.”
Metacade’s test-play tournament model is already proving successful, attracting a fast-growing community of seasoned Web3 gamers chasing rewards for early-stage feedback. “Community is the most under-valued business asset,” says former Director, Columbia Tristar and seasoned Web3 marketing advisor, Elly Bradbury. “Die-hard communities are built on value add experiences, where belonging is about believing. Metacade has invested in all the right early-stage community layers, building a super fan OG culture showing all the hallmarks of explosive brand growth.”
Next stage platform developments draw on partner insights. “Metacade is already booming,” said Bennett. “We have a thriving partner ecosystem with shared values. It’s clear our best shot at backing winners is to innovate frictionless blockchain infrastructure so that our partners can do what they do best; create and innovate.”
To meet this expansion, Metacade’s team will be strategically shaped by leading Web3 recruiter and business development expert, Anders Christiansen. With a proven track record, Christiansen has facilitated 100+ c-suite placements across the industry through his previous business Priority Crypto.
“Metacade’s novel business plan will depend on forward-thinking people with multi-disciplined experience. I’m excited to bring those leading minds to Metacade.”
About METACADE:
Metacade is a seamless Web3 Gaming platform connecting developers and players through plug-and-play community initiatives. Providing an unfair advantage through early access, dev-player collaborations, and financial rewards.
Disclaimer: The subject matter and the content of this article are solely the views of the author. FinanceFeeds does not bear any legal responsibility for the content of this article and they do not reflect the viewpoint of FinanceFeeds or its editorial staff. The information does not constitute investment or financial advice or an offer to invest.
This decision comes after the firm halted payouts to clients earlier in the month, citing the need for a ‘self-imposed internal audit’ amid a series of challenges. The Funded Trader claims that the migration away from MetaTrader platforms, prompted by MetaQuotes’ crackdown on unlicensed services to U.S. retail clients, has been met with operational difficulties.
The firm’s website now displays a message to its visitors, asking for their patience and promising updates on the steps towards resuming operations. A countdown timer indicates a relaunch timeline of 21 days.
Angelo Ciaramello, CEO of The Funded Trader, addressed their clients through a post on X. Ciaramello outlined plans to relaunch the brand with a new look and feel while addressing the main concerns of their community in the process.
I wanted to address you all personally. You have been the lifeblood of TFT. You have fought in battle with me day in and day out for years. You have participated in one of the greatest movements in history and have delivered to me what I dreamed of, this community.
Being in the…
— The Funded Trader (@thefundedtrader) March 28, 2024
The Funded Trader promised additional compensation to affected traders and detailed updates on the relaunch process.
The broader implications of MetaQuotes’ stricter enforcement actions have led to a suspension of services by several prop firms. The community reaction has been a mix of concern and confusion. Discussions on X reflect a sense of urgency to adapt to these changes, with timelines for compliance varying according to different sources. Some speculate that all brokers in violation of jurisdictional regulations must rectify their status by as late as June 30.
Earleir this month, James Glyde, the former chief commercial officer of Spotware Systems, launched a new prop trading firm that will depend on the cTrader platform.
Operating under the brand name “PipFarm,” the venture emerges as a direct response to the industry’s recent challenges, notably MetaQuotes’ unexpected decision to discontinue support for its MetaTrader 4 and 5 platforms for funded trader firms.
Per an official statement, PipFarm aims to offer a stable and robust platform for traders affected by MetaQuotes’ decision. Glyde remarked that the choice of cTrader was driven by its comprehensive benefits, adding that the development and beta testing phases have ensured a reliable integration.
PipFarm not only addresses the immediate gap left by MetaQuotes but also introduces enhanced expertise into the funded trader space, the statement reads.
USP, an innovative tokenized real estate investment marketplace and platform, is thrilled to announce its official launch on Republic.com/uspc, a leading crowdfunding portal. This move marks a huge milestone for USP, an incredibly-early tokenized real estate project on the Ethereum network, as well as a major win for investors across the globe seeking to tap into the lucrative world of U.S. real estate investment through cutting-edge blockchain technology.
USP’s platform democratizes access to real estate investing, enabling investors of any size and background to participate in the ownership of commercial properties. With an already robust portfolio valued at $52 million and situated throughout Southern California, USP sets a new standard in the tokenized real estate landscape.
Key Highlights of the USP Launch:
- Community Strength: USP boasts a vibrant community of over 17.3 thousand active members, underscoring the platform’s appeal and reliability as a trusted investment portal.
- Tokenized Real Estate Value: Over $52 million worth of real estate is already tokenized on the USP platform, providing a diverse range of investment opportunities for participants.
- Accessibility and Ease of Use: The platform is designed to make real estate investment accessible to everyone. With a simple account setup process that takes less than 5 minutes, users can begin buying tokens representing fractional ownership in properties.
What Sets USP Apart:
USP sets itself apart by utilizing the Ethereum blockchain to tokenize properties, enabling global investment without minimum requirements and facilitating peer-to-peer trading. This innovative approach contrasts sharply with traditional real estate investment methods like crowdfunding platforms, private equity, and REITs, which typically cater only to accredited investors with high minimum investment thresholds and offer little to no liquidity. Through this application of tokenization, USP is essentially democratizing access to traditionally inaccessible real estate assets, making it 100 times easier to become a landlord of real world assets (RWAs).
“Our launch on Republic.com is a leap forward in our mission to simplify real estate investment and make it accessible to the average person,” said Johnney Zhang, Founder of USP. “We believe in breaking down barriers to investment, and through our platform, we’re not just offering a piece of lucrative U.S. real estate; we’re offering a piece of the future.”
Investment Opportunity on Republic.com:
For a limited time, investors can contribute to the future development of the USP tokenized real estate marketplace, as well as its current real estate assets. This investment opportunity represents a stake in both the technological advancement of the USP platform and its existing tokenized real estate portfolio.
About USP:
USP is a tokenized real estate investment platform that empowers investors from anywhere in the world to invest with as little as $1. Our platform simplifies the investment process, democratizing real estate ownership and providing a secure and transparent way for users to build their portfolios. For more information about USP and to become part of this groundbreaking investment opportunity, visit their official website.
Disclaimer:The subject matter and the content of this article are solely the views of the author. FinanceFeeds does not bear any legal responsibility for the content of this article and they do not reflect the viewpoint of FinanceFeeds or its editorial staff. The information does not constitute investment or financial advice or an offer to invest.
Sui, the fast ascending Layer 1 blockchain offering industry-leading performance and infinite scaling, continued to demonstrate its blistering DeFi growth by cementing its place in the top ten of all chains by weekly DeFi volume, registering over $830M of trading over the most recent seven days of data available on DeFiLlama and $224M in the latest 24 hours.
The volume growth comes as the chain has amassed several DeFi milestones since the start of the year, including surging past $700M in total value locked (TVL) earlier this week – up over 1900% since October – and dominating outflows from Ethereum via Wormhole during multiple seven-day periods this year. Sui is also setting the standard for network reliability during periods of high network traffic. In the first four months of its mainnet, Sui completed 65.8M transactions in a single day—the most of any blockchain ever, while throughout its existence, the network has never had an outage or experienced degraded performance.
These milestones reflect how Sui’s underlying technology, which features an object-centric model, horizontal scalability, the increasingly popular, developer-friendly Move programming language, and recent breakthroughs such as zkLogin and zkSend, enables developers to create products that solve real-world challenges at scale.
Sui’s technology has also attracted top projects and developers which are increasingly choosing to build on Sui. Most recently, Suilend, a protocol developed by the team behind Solana’s largest lending protocol, Solend, launched in its first expansion outside the Solana ecosystem. Ondo Finance’s treasury-backed assets also recently made their way into the ecosystem, while decentralized derivatives exchange Bluefin left Arbitrum for Sui.
DeepBook, Sui’s fully on-chain order book, which is part of the Sui Protocol, has experienced a substantial volume increase in March as DeFi on the network continues to flourish. The CLOB saw over $940M in volume since the start of the month, and over $289M of trading in the last week alone, as it continues to provide deep liquidity to all DeFi protocols and traders on Sui with ultra-low, predictable transaction costs and sub-second finality.
“From the Move language to its object-centric architecture, Sui’s technology is unique in the industry and enables a level of innovation that is attracting partnerships, protocol expansions, and independent developers—all building solutions that leverage the Sui network,” said Greg Siourounis, Managing Director of the Sui Foundation. “Sui’s surging metrics in DeFi indicate definitively that in an industry which is currently surging and primed for cutting-edge technology and practical, real-world applications, Sui is increasingly the platform of choice.”
Disclaimer: The subject matter and the content of this article are solely the views of the author. FinanceFeeds does not bear any legal responsibility for the content of this article and they do not reflect the viewpoint of FinanceFeeds or its editorial staff. The information does not constitute investment or financial advice or an offer to invest.
The breach was initially detected by on-chain security alert provider Cyvers, which promptly flagged multiple suspicious transactions linked to Prisma Finance. The attackers reportedly received initial funding from FixedFloat, leading to a rapid response from the Prisma team to pause the protocol and launch an investigation.
“We are aware of a possible exploit on Prisma. Core engineering contributors will pause the protocol and investigate. We’ll share an update and a post-mortem,” Prisma Finance wrote on X. The team also advises vault owners to revoke delegate approval as a precautionary measure.
The situation escalated as the attackers began converting the stolen funds into Ether, with the total estimated loss reaching approximately 3,257.7 ETH (worth around $11.6 million), as reported by another on-chain security firm, PeckShield.
PeckShield’s alerts also warned of scammers attempting to capitalize on the situation by impersonating Prisma Finance in the aftermath of the exploit announcement.
Prisma Finance operates a decentralized liquid staking token protocol and has been a notable player in the DeFi space with over $222 million in total value locked (TVL). This exploit comes amidst a broader context of increasing security concerns within the cryptocurrency sector, highlighted by a 15.4% rise in hacked funds in the early months of 2024 compared to the same period in 2023, as reported by blockchain security firm Immunefi.
This latest incident adds to the growing tally of crypto heists, which has seen over $200 million lost to hacks and rug pulls in just the first two months of 2024. This marks a concerning trend in the digital asset industry, which suffered a total loss of $1.8 billion to hacks and scams in 2023. North Korean Lazarus Group was responsible for the bulk of these incidents.
As a frontrunner in decentralized personal data networks, Masa Network has established a strategic partnership with LayerZero, a leading name in interoperability protocols. This partnership aims to connect different blockchains, paving the way for the development of multi-chain applications, tokens, and user experiences.
Through the integration with LayerZero, Masa Network will enable seamless data exchanges across its ecosystem, initially launching on a dedicated Avalanche Subnet and subsequently expanding to include Ethereum and Binance Smart Chain. Leveraging LayerZero’s Omnichain Fungible Token (OFT) Standard, the MASA token’s compatibility will extend to include networks like Polygon, Base, and Celo, among others, facilitating easy cross-chain token transfers.
In line with its network’s mainnet debut, scheduled around April 11, 2024, Masa plans to introduce its MASA token, emphasizing user empowerment in managing personal data in an AI-centric future. By encrypting, and storing digital footprints, and social graphs in a secure, private Zero-Knowledge Soulbound Tokens (zkSBTs) locker on the Masa Network, individuals are equipped to control, share, and monetize their data. This data can then be utilized for AI training, powering AI tools, and developing cutting-edge AI solutions, with users rewarded in MASA tokens for their contributions.
Calenthia Mei, the Co-founder of Masa, said, “Masa is thrilled to be integrating with LayerZero Labs, which has become the industry standard for interoperability. Masa wants to empower users to own, share, and earn from their data, no matter which blockchain network their data is on. With LayerZero’s support, we are excited to be cross-chain and interoperable from the very beginning.”Masa has emerged as a pivotal platform for AI training, featuring privacy-first personal data, supported by over 1.4 million unique wallets and boasting more than 37 million proprietary data points. The network offers developers access to extensive, private user data, enabling them to build advanced AI models, craft unique applications, implement decentralized marketing strategies, and more. Additionally, Masa is preparing to provide pre-built large language models that facilitate instant data searches within its ecosystem.
Simon Baksys, VP of Business of Development at LayerZero, commented “We are excited to collaborate with Masa to enhance privacy and innovation in AI development. The integration of LayerZero infrastructure with Masa’s ecosystem will enable accelerated development of personalized AI applications while ensuring user data remains private and secure.”
LayerZero stands as an innovative interoperability protocol that links over 50 blockchains, allowing developers to create cohesive omni-chain applications, tokens, and experiences. This is achieved through a strong security framework and a decentralized message transfer system. Masa Network empowers individuals to take ownership of, share, and reap benefits from their personal data, creating a scalable, secure, and comprehensive data marketplace for developers. Since its launch in August 2022, Masa has witnessed significant growth, amassing over 1.3 million unique wallets and more than 37 million proprietary data points. With over $9.2 million in funding from leading investors and backing from key accelerator programs, Masa Network is at the forefront of shaping the future of data-centric applications in the era of AI.
The subject matter and the content of this article are solely the views of the author. FinanceFeeds does not bear any legal responsibility for the content of this article and they do not reflect the viewpoint of FinanceFeeds or its editorial staff.
“Success in Web3 gaming hinges on creating compelling experiences with a player-focused economy at its core,” said Ari Meilich, CEO of Big Time Studios
Big Time combines the intense combat and dynamic gameplay of action RPGs like Diablo with the vast, explorative realms of MMOs like World of Warcraft. Players are time travelers, plucked from the dying embers of the cosmos to join the ultimate crusade for mankind’s survival. The fabric of reality is tearing apart, and the epochs of history are colliding. Players fight to preserve the human legacy, in all its beauty and folly.
Players engage in hard-fought battles through procedurally generated dungeons, accomplish objectives, and collect essential resources for crafting valuable virtual goods represented by Non-Fungible Tokens (NFTs). No crypto tokens are sold, and this unique approach blends gaming excitement with the innovative world of digital collectibles: all collected in-game rather than given away or available for purchase outside the game. The only purchasable items are Time Crystals, the game’s non-crypto premium currency used for in-game activities like crafting, upgrading gear, recharging items, or accessing premium content.
“Our fair launch strategy, with no tokens for the team or investors, underscores our dedication to a player-first gaming universe, where rewards are awarded solely through gameplay,” said Meilich.
Big Time Studios levels the playing field by prioritizing the player community through this novel approach. Tokens are collected through in-game activities, preventing non-players from purchasing their way to success. This commitment to fairness and inclusivity sets Big Time apart in the Web3 and traditional gaming industries.
Big Time’s successful Preseason launch continues to shatter doubts about the viability of Web3 games, setting new standards for what is achievable. The game’s entertainment value and economic incentives have captivated highly active players, dispelling skepticism and showcasing the immense potential of Web3 gaming.
“We are a game company, first and foremost,” Meilich stated. “Our biggest priority is delivering an amazing game with immersive gameplay. Players want entertainment value and a game that is Twitch-worthy. This approach has differentiated us, and in light of its recent successes, signals we’re taking Web3 gaming in the right direction,” said Meilich, emphasizing Big Time Studios’ dedication to delivering high-quality game experiences.
Looking ahead, new features and updates will further enhance the immersive gaming experience and ensure that Big Time continues to lead the Web3 gaming industry.
For early access and to dive into the adventure that awaits in Big Time, users can simply join the Big Time Discord community and ask for an access code.
About Big Time Studios
Founded in 2020, Big Time Studios has become a leader in Web3 gaming with its main title, “Big Time,” a multiplayer action RPG that combines fast-action combat and adventures through time and space. Unlike typical Web3 games, it empowers players by distributing tokens directly in the game, avoiding sales to investors or team allocations. The game’s preseason launch in October led to a $37 million revenue in Q4, with projections of $80 million for Q1, highlighting its success and the company’s significant impact on digital gaming. Big Time Studios continues to lead in innovation within the Web3 gaming sector.
Disclaimer: The subject matter and the content of this article are solely the views of the author. FinanceFeeds does not bear any legal responsibility for the content of this article and they do not reflect the viewpoint of FinanceFeeds or its editorial staff. The information does not constitute investment or financial advice or an offer to invest.
The number of daily active crypto traders in Western Europe fluctuates between 1.2 million and 1.5 million, according to a report published by Bitget Research, the analytical division of the global cryptocurrency exchange.
According to the report, Germany and France are at the forefront of this activity, with Austria recording a staggering 70% growth in crypto trader numbers from December 2022 to December 2023, indicating a vibrant and expanding market.
P2P trading is unpopular in Western Europe
The in-depth study reveals that the region is marked by significant trading volumes, a strong presence of DeFi (Decentralized Finance) activities, a regulated environment, and a comparatively lower inclination towards P2P (Peer-to-Peer) trading platforms.
The paper further indicates that Western Europeans’ approach to cryptocurrency investments sees them engaging in both contracts and spot trading, with a strong inclination towards mainstream assets, but also involvement in decentralized projects, NFTs (Non-Fungible Tokens), and Web3 platforms.
P2P trading volumes, however, remain significantly lower than other forms of cryptocurrency transactions. Bitget Research attributes this to the prevalent method of acquiring digital assets through fiat deposits or card-linked purchases, contrasting with regions like South East Asia where P2P trading is more common.
Western European traders are found to prefer centralized exchanges over decentralized ones as CEX traffic outpaces DEXs by a factor of ten. Among decentralized platforms, PancakeSwap and Uniswap emerge as favorites, with Coinbase Wallet, Metamask, Bitget Wallet, and TrustWallet being the go-to wallets across the region.
The report concluded by predicting a rising interest in on-chain solutions, particularly NFTs, DEXes, and blockchain games, with the expectation that one to two blockchain projects led by Western European teams will emerge as leaders in their respective sectors.
IOSCO warns of misconceptions surrounding decentralization of DeFi
The International Organization of Securities Commissions (IOSCO), the global standard setter for securities markets, recently released nine policy recommendations for consultation, aimed at addressing market integrity and investor protection concerns within the DeFi space.
These recommendations cover six key areas, aligning with the IOSCO Objectives and Principles for Securities Regulation, along with relevant supporting standards, recommendations, and best practices. The areas of focus are as follows:
Understanding DeFi Arrangements and Structures: Establishing a clear understanding of the diverse range of DeFi structures and their implications.
Achieving Common Standards of Regulatory Outcomes: Ensuring that regulatory outcomes are consistent and harmonized across different jurisdictions.
Identification and Management of Key Risks: Identifying and mitigating the significant risks associated with DeFi.
Clear, Accurate and Comprehensive Disclosures: Promoting transparency through clear and comprehensive disclosures.
Enforcement of Applicable Laws: Ensuring that DeFi platforms and participants adhere to relevant laws and regulations.
Cross-Border Cooperation: Encouraging collaboration among regulatory authorities across borders to address global DeFi challenges.
One crucial aspect highlighted by IOSCO is the misconception surrounding the decentralization of DeFi. Despite the autonomy associated with DeFi protocols and smart contracts, “responsible persons” can be identified. These individuals, whether legal entities or natural persons, are seen as key actors who should bear responsibility for upholding investor protection and market integrity.
Tuang Lee Lim, Chair of IOSCO’s Board-Level Fintech Task Force, commented: “Our recommendations are therefore predicated on the need to identify these persons, whether legal or natural, who should bear responsibility for upholding investor protection and market integrity.”
IOSCO has opened the recommendations for public consultation, seeking input from industry stakeholders and experts. The organization aims to finalize the DeFi recommendations by the end of 2023, in line with its Crypto-Asset Roadmap established in July 2022. This effort is intended to work in conjunction with IOSCO’s existing recommendations for Crypto and Digital Assets (CDA).
As the DeFi landscape continues to evolve and gain prominence in the financial world, regulatory initiatives like these from IOSCO are crucial in providing clarity, consistency, and investor protection within the decentralized finance ecosystem.
According to Dubravko Lakos-Bujas, JPMorgan’s chief equity strategist, there’s a potential “surprise” shock looming over the stock market, as reported by Bloomberg. Lakos-Bujas pointed out a historical trend where gains in popular momentum stocks like NVDA are often followed by corrections. This pattern has manifested itself three times since the 2008 global financial crisis.
Lakos-Bujas elaborated during a webinar, stating, “One day this may happen completely unexpectedly. This has happened in the past; we’ve had flash collapses. One large fund starts cutting some positions, a second fund hears this and tries to reposition, a third fund is basically caught off guard, and then, you know, we start to unwind more and more momentum.” He highlighted the potential for innovation in artificial intelligence as a significant source of surprise, underscoring the diminishing opportunities and growing risks in the background.
A technical analysis of NVDA shares reveals the following:
→ The price has been following an upward trend, delineated by the blue channel.
→ Yesterday’s close brought the price down to its median line.
→ The $960 level appears to pose a significant resistance.
With the all-time high reaching approximately 100% of NVDA’s share price at the beginning of the year — effectively doubling in less than 3 months — a correction seems inevitable in this highly volatile market. It’s plausible that NVDA’s price may retreat to the lower boundary of the channel and test the psychological level of $800 per share.
FXOpen offers spreads from 0.0 pips and commissions from $1.50 per lot. Enjoy trading on MT4, MT5, TickTrader or TradingView trading platforms!
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Disclaimer: The subject matter and the content of this article are solely the views of the author. FinanceFeeds does not bear any legal responsibility for the content of this article and they do not reflect the viewpoint of FinanceFeeds or its editorial staff.
A Federal Court in Australia has found Vanguard Investments Australia in breach of law due to misleading environmental, social, and governance (ESG) claims regarding its Vanguard Ethically Conscious Global Aggregate Bond Index Fund.
Justice O’Bryan stated Vanguard violated the ASIC Act by disseminating false or misleading information about the ESG exclusionary screens of its bond index fund through various channels including product disclosures, media releases, website statements, a YouTube interview, and an online presentation.
Vanguard had previously acknowledged its conduct misled the public through false representations. The court has scheduled a hearing on 1 August 2024 to decide the penalty for Vanguard’s actions.
Vanguard manages over $1 billion in ESG fund
The misleading claims centered around the application of ESG exclusionary screens to the fund, which were purported to omit companies with significant operations in certain industries, such as fossil fuels. Vanguard admitted that a notable portion of the securities within both the Index and the Fund did not undergo the promised ESG scrutiny.
This case serves as a critical reminder of the importance of truthful representation in sustainability-related offerings, with Vanguard managing over $1 billion in the fund as of 26 February 2021. ASIC continues to guide firms with resources like Information Sheet 271 and Report 763 to prevent greenwashing and promote genuine sustainable investment practices.
ASIC Deputy Chair Sarah Court said: “By Vanguard’s own admission, it misled investors on a number of its claims. In this case, Vanguard promised its investors and potential investors that the product would be screened to exclude bond issuers with significant business activities in certain industries, including fossil fuels, when this was not always the case. As ASIC’s first greenwashing court outcome, the case shows our commitment to taking on misleading marketing and greenwashing claims made by companies in the financial services industry. It sends a strong message to companies making sustainable investment claims that they need to reflect the true position.”
ASIC filed the lawsuit against Vanguard last year after first fining the firm AU$40,000. The fund was marketed to investors seeking, amongst other things, securities with an ethically conscious screen: investments held by the fund were based on an index called the Bloomberg Barclays MSCI Global Aggregate SRI Exclusions Float Adjusted Index. Vanguard claimed the Index excluded issuers with significant business activities in a range of industries, including those involving fossil fuels.
The Australian regulator found that the index included at least 180 bonds (from 42 issuers) and the fund included at least 27 bonds (from 14 issuers) that exposed investor funds to investments with ties to fossil fuels, including those with activities linked to oil and gas exploration.
Crypto exchange operator BitMEX has expanded its partnership with RegTech firm Solidus Labs have announced an expansion of their partnership to enhance cross-market surveillance on the trading platform.
Built on an initial focus on transaction monitoring since October 2022, the relationship now aims to integrate Solidus’ HALO platform into BitMEX. HALO, a crypto market integrity hub, will improve BitMEX’s ability to detect potential abusive behaviors in its Spot and Derivatives markets.
Solidus’ HALO platform is designed to monitor a variety of markets for unusual or suspicious trading activity using machine learning-powered surveillance detection models. This extended partnership between BitMEX and Solidus Labs represents a significant step towards enhancing the safety and integrity of crypto trading, benefiting both platforms and their users by offering more robust surveillance and detection capabilities.
HALO is currently used to monitor over 250 million events and $16 trillion in on- and off-chain trading volume per day across more than 150 markets, protecting more than 25 million individual and institutional investors. EDX Markets recently tapped HALO as its transaction monitoring solution.
Smoothly and safely scale trade surveillance across increased trading volumes
Julian Tehan, Chief Compliance Officer of BitMEX, said: “Our commitment to providing a secure and compliant trading platform remains unwavering. The extension of our partnership with Solidus Labs reflects this commitment as we continue investing in our compliance program and protecting the integrity of our markets. The further enhancement of our existing trade surveillance capabilities will serve to safeguard our platform, prevent market abuse, protect our customers, and help us meet evolving regulatory expectations.”
Asaf Meir, Founder and Chief Executive of Solidus Labs, added: “The recent approval of the Spot Bitcoin ETF has piqued the market’s interest. As a result of price volatility, the trading volumes for crypto derivatives have gone up substantially. HALO, with its advanced technology and crypto-native detection architecture, will enable BitMEX to smoothly and safely scale trade surveillance across its increased trading volumes and provide the necessary safeguards for new product launches. We are proud to stand alongside BitMEX as a partner, providing cutting-edge tools and insights to navigate these exciting developments and contribute to the maturation of the crypto market.”
HALO addresses “triple T”
It was in 2022 that Solidus Labs first introduced HALO to the market. The platform addresses crypto-specific challenges like new market structures, volatility, volumes, data types, decentralized services, trading dynamics, crypto-native market abuse typologies – and evolving business and regulatory demands.
The platform addresses the “triple T” pillars of market integrity in the crypto and DeFi space – trade surveillance, transaction monitoring, and threat intelligence, with the following modules:
Trade Surveillance: HALO’s comprehensive market surveillance tools ensure market integrity by benchmarking abnormal crypto orders and execution patterns against the market norm, to alert businesses and networks on potential breaches of trading rules or unusual market volatility. HALO users can easily customize detection model sensitivity and backtest against real data in order to meet the needs of quickly evolving regulatory and compliance landscapes.
Transaction monitoring: HALO’s continuous real-time monitoring of crypto and fiat transactions offers unprecedented blockchain-native capabilities and enables detecting, investigating and reporting suspicious crypto deposits and withdrawals for anti-money laundering (AML), sanctions, and financial risk compliance.
Threat Intelligence: Relying on a built-in onboarding verification tool, powerful integrations and crypto-native infrastructure, HALO’s Universal Client Risk Profile aggregates risk across the entire investment journey and multiple markets – from onboarding to trading, post-trade and everything in between. Synthesizing numerous signals into a single threat intelligence hub, HALO surgically surfaces overlooked threats in crypto and DeFi services, enabling businesses to act upon them in real time.
IUX Overview
IUX is operated by IUX Limited, a regulated and licensed broker of international CFDs trading securities. IUX Limited is authorised by the MWALI International Services Authority (Comoros) with license number T2023172 as an international brokerage and clearing house, registered in P.B. 1257 Bonovo Road, Fomboni, Comoros, KM.
IUX operates under IUX ZA (PTY) Ltd, which is authorized by the Financial Sector Conduct Authority (FSCA) in South Africa, with FSP No 53103. The firm’s headquarters are located in Cape Town, Western Cape. Since launching in 2016, IUX has drawn in more than 180,000 traders, upholding an impressive track record in the industry.
IUX welcomes traders from most countries, with specific exceptions including Australia, Belgium, France, Iran, North Korea, Japan, and the United States, due to regulatory restrictions.
Operational Highlights
- Regulatory Bodies: Financial Sector Conduct Authority (FSCA) in South Africa, among others.
- Headquarters: st Floor, Office A, Agia Zoni, 3031, Limassol, Cyprus.
- Inception: Operational since 2016 with over 180,000 traders.
- US Market: Does not accept US-based traders.
Costs and Trading Conditions
IUX offers competitive trading fees and conditions. The broker provides both commission-free and commission-based pricing environments, catering to a wide range of trading strategies and preferences.
Specifically, IUX features a commission-based alternative granting access to raw spreads starting from 0.0 pips, alongside a reasonable commission of $7.00 per round lot.
An often overlooked aspect, swap rates on leveraged overnight positions, is also competitively addressed by IUX. Not only does the broker offer swap-free trading options beyond the Islamic trading community, but it also provides positive swap rates on qualifying short position.
IUX clarifies its trading cost structure through examples on its website to show the financial impact of both short-term and week-long trades. These examples provide a trader-friendly cost setup, making it easier for traders to understand and anticipate their trading expenses.
Highlights include:
- Raw spreads from 0.0 pips with a commission of $7.00 per round lot.
- Swap rates management for leveraged overnight positions, crucial for evaluating total trading costs. Interestingly, all traders may qualify for swap-free accounts, not limited to Islamic traders.
- Positive swap rates on qualifying short positions, benefiting traders financially for holding trades overnight.
- Detailed guidance is available for MT5 users to access swap rates and trading hours directly from the platform.
Range of Assets
Offering a broad spectrum of over 250 trading instruments, IUX excels in Forex while also providing access to:
- Cryptocurrencies
- Stocks
- Indices
- Commodities
- Bonds
This diversity caters well to retail traders, high-frequency traders, and scalpers alike, with a focus on liquidity.
Leverage & Trading Hours
- Leverage: Up to 1:3000 for Forex in the commission-free account, adjustable based on the asset and account type. Additionally, IUX applies a negative balance protection which ensures traders do not lose more than their deposits.
- Trading Hours: Spanning various asset classes, IUX follows GMT -2, with specific hours detailed for commodities, crude oil, gold, metals, and equity indices. It offers 24/7 cryptocurrency trading.
Account Types Review
IUX provides a straightforward account structure designed to accommodate the diverse needs of its clientele. The broker offers one commission-free account alongside a dedicated bonus account, with a minimum deposit requirement of just $10.
Account Offerings
IUX presents four primary account options:
- Standard
- Standard +
- Pro
- Raw
These accounts are tailored to support different trading preferences and strategies, offering distinct benefits suited to the varied demands of individual traders.
Detailed Account Features
Standard Account
- Offers low spreads starting from 0.2 pips.
- Provides a high maximum leverage of 1:3000.
- Includes swap-free trading options.
- Requires a minimum deposit of $10.
- Features a minimum trade size of 0.1 lot.
- Has an automatic stop-out level set at 0%.
- Allows traders to claim a one-time $30 bonus for a minimum deposit of $20.
Raw Account
- Features low to average spreads starting from 0.0 pips.
- Comes with a maximum leverage of 1:3000.
- Includes swap-free trading options.
- Requires a minimum deposit of $500.
- Features a minimum trade size of 0.1 lot.
- Has an automatic stop-out level set at 0%.
- Offers a $30 one-time bonus and deposit bonuses of 35% and 25% up to $3,300 for minimum deposits of $20.
Demo Account
In addition to its live accounts, IUX encourages its clients to use demo accounts, which are particularly useful for:
- Testing trading strategies.
- Experimenting with algorithmic trading solutions.
- Familiarizing oneself with the MT5 platform without financial risk.
Trading Platforms and Services Review
IUX offers access to the MT5 and WebTrader trading platforms, catering to traders seeking advanced trading functionalities including automated trading and copy trading services. Although it may lack the customization options of MT4 and an array of third-party plugins, MT5’s extensive array of features caters to a wide range of trading strategies.
MT5 Platform:
- Available as a desktop client, which is essential for algorithmic trading.
- A web-based version offers a lighter, accessible alternative.
- Mobile app versions for iOS and Android, allowing trading on the go.
IUX excels in execution services, leveraging over 25 liquidity providers to ensure fast order execution (below 30 milliseconds) and minimal slippage. The option for collocated VPS hosting at the STORMIC LD4 data center in New York also supports algorithmic trades.
Research & Education
IUX positions itself as an execution-only broker, not providing in-house or third-party research. This focus on core execution services and low costs might limit resources for comprehensive market analysis but aligns with its streamlined service model.
Additionally, the broker offers educational content through a dedicated YouTube channel, aiding traders in accessing learning materials externally. This is especially advantageous for beginners aiming to enhance their trading knowledge.
Customer Support
Customer support is primarily via email, with 24/7 availability in many languages including:
- English
- Thai
- Bahasa Malayu
- Bahasa Indonesia
- Laos
- Vietnam
- Philippines
- Hindi
- Japanese
The broker also engages with clients on social media platforms like Facebook and Instagram. However, the lack of phone support and live chat functionality may limit immediate assistance for urgent issues.
Bonuses and Promotions
IUX offers a variety of bonuses and promotions, including:
- A 35% deposit bonus is available with a cap of $300 per user, while a 25% deposit bonus has a maximum limit of $3,000 per user.
- The 35% bonuses are automatically applied to every deposit made into a Standard+ account until the maximum limit is reached.
- A cashback rebate program rewarding trading activity, with the potential to earn credits or cash based on traded volume and status level.
Traders are encouraged to thoroughly understand the terms and conditions associated with these bonuses to ensure clarity on their use.
Opening an Account with IUX
Account Registration
Registering an account with IUX is streamlined and efficient, requiring less than 20 seconds to complete the online application. The process involves basic information such as country of residence, name, email, and a desired password, emphasizing privacy by not collecting unnecessary data. E-mail verification follows as a crucial step to finalize registration.
Account Verification
Completing account verification is mandatory and is typically fulfilled by submitting a copy of an ID and one proof of residency document. This step is critical to ensure security and compliance with regulatory requirements.
Deposit and Withdrawal
Minimum Deposit
The minimum deposit required to open a standard account with IUX is set at an accessible $10, making it easy for a wide range of traders to start trading.
Payment Methods
IUX supports a variety of payment methods, catering to a global clientele:
- Bank wire
- Credit/debit cards
- E-wallets such as Skrill and Neteller
- Cryptocurrencies
- Local online banking solutions, particularly for its Asian market base
All financial transactions are managed securely through the IUX back office for verified clients. Notably, the broker does not impose internal fees for deposits or withdrawals, although third-party charges may apply. Deposits are processed swiftly, typically instant to 20 minutes, except for bank wires. Withdrawals are also handled efficiently, with most processed within five to ten minutes after submission.
The inclusion of cryptocurrencies and local banking options helps accommodate the preferences of IUX’ core trader base in Asia.
Conclusion
IUX caters to traders with its MT5 platform, putting a greater focus on execution quality and low-cost trading. While it may lack in areas like educational resources and customer support breadth, its focused approach on trading execution could appeal to those prioritizing efficiency and cost-effectiveness.
The broker’s promotional activities offer additional incentives, though careful consideration of terms is advisable. As always, users should weigh these factors against their trading needs and preferences.
For high-frequency traders, scalpers, and those using algorithmic strategies—who constitute more than 60% of daily transactions—IUX presents a compelling choice. As an execution-only broker, it offers deep liquidity, courtesy of 25+ liquidity providers, rapid order execution, low latency, and minimal slippage. These features, combined with trading costs that are notably lower than many competitors, make IUX an attractive option for traders seeking a competitive edge.
Horizon Software has rebranded to Horizon Trading Solutions in order to better clarify which industry the firm caters to as it attempts to further expand and cement its status as a premier global provider of electronic trading solutions.
Horizon Trading Solutions aims to enhance its electronic trading services, catering to both agency and principal trading desks with a unified platform for equities and derivatives, thereby facilitating clients’ compliance with regulatory changes and exploration of new opportunities.
“Committed to driving positive change and adding new value”
Sylvain Thieullent, CEO, said: “Horizon Trading Solutions has seen accelerated global growth over the past year to meet the rising demand for our trading solutions and built-for-purpose technology offering. The choice to rebrand represents a key part of this development, while maintaining our heritage and history in the industry. We are committed to driving positive change and adding new value for our customers, employees, and stakeholders. The team are greatly looking forward to the next stage of the company.”
The rebranding includes several key updates:
New Visual Identity: A revamped visual identity that aligns more closely with its global vision. This encompasses a redesigned logo, typography, color scheme, and imagery, embodying a forward-looking stance.
New Website: An overhaul of the company’s digital footprint through a new website, www.horizontrading.io, which promises an improved user experience and showcases the refreshed brand identity.
Enhanced Messaging: Updated brand messaging to more effectively convey the company’s values, mission, and value proposition, emphasizing Horizon’s commitment to clients and stakeholders.
With a 20-year history of empowering the most advanced players in global capital markets with sophisticated algorithmic technology and direct connectivity to exchanges and brokers worldwide, Horizon Trading Solutions promises “Performance Simplified” through client-centric partnership and a versatile multi-asset platform.
Horizon backs new methodology to identify liquidity
Horizon recently started backing a new methodology to identify liquidity after unveiling a new research paper titled “Uncovering Market Disorder and Liquidity Trends Detection,” spearheaded by Yadh Hafsi, a PhD candidate at Université Paris-Saclay.
This paper introduces an innovative methodology for detecting significant changes in market liquidity, a crucial factor in the trading industry. The research primarily aims to refine the identification of liquidity fluctuations in financial markets. Liquidity, the ease or difficulty of buying or selling assets like stocks without causing major price shifts, is a vital aspect of trading. Accurately recognizing changes in market liquidity is key for traders, investors, and financial institutions.
Horizon Software has not only supported Yadh Hafsi’s research but also plans to integrate his findings into their product offerings. This integration will enable end users to see these liquidity signals during their trading decisions and incorporate them into Horizon’s algorithms to enhance execution efficiency. Horizon is actively engaging with clients and users to tailor the research application to their specific needs, enhancing the technological benefits of this methodology.
The research paper titled “Uncovering Market Disorder and Liquidity Trends Detection” focuses on developing a new methodology to detect notable changes in liquidity within order-driven markets. This paper is significant for several reasons:
- Objective and Methodology: The primary objective is to develop a method for dynamically quantifying the level of liquidity of a traded asset using its limit order book data. The approach employs Marked Hawkes processes to model trades-through, which serve as a proxy for liquidity. The aim is to accurately identify moments of significant increase or decrease in liquidity intensity, using a minimax quickest detection problem approach for unobservable changes in a doubly-stochastic Poisson process.
- Importance of Liquidity in Trading: Liquidity is crucial for the efficient functioning of markets. It is defined as the ability of an asset to be traded rapidly, in significant volumes, with minimal price impact. Measuring liquidity involves considering time, volume, and price, including aspects like the tightness of the bid-ask spread, the depth of the limit order book, and its resilience. This measure is essential for capturing transaction costs and assessing the depth accessible to large market participants.
- Liquidity Regime Change Detection Methodology: The paper introduces a novel liquidity regime change detection methodology. This method assesses the resilience of an order book using tick-by-tick market data and is aimed at understanding the dynamics of liquidity changes and their impact on the distribution patterns of the liquidity proxy.
- Identification of Liquidity Regimes: After the modeling phase, the proxy is used to identify intraday liquidity regimes. This involves detecting when the distribution of liquidity undergoes changes as fast as possible, a process known as “Quickest change-point detection” or “Disorder detection”.
- Distinguishing Liquidity Regimes: The methodology enables the distinction between different liquidity regimes by detecting changes or disruptions in the distribution of the liquidity proxy, represented by the number of trades-through. This involves a sequential detection methodology that compares the distribution of observations to a predefined target distribution, with the objective to detect changes rapidly while minimizing false alarms.
USD/JPY has broken above the 2022 high, reaching 151.97, driven in part by the Bank of Japan’s recent rate hike. However, Finance Minister Suzuki’s warnings regarding unwarranted yen depreciation indicate potential intervention in the FX markets if the trend persists. The yen’s performance, being the second worst among G10 currencies since the rate hike, underscores concern of speculation-driven movements.
USDJPY 4H Chart
Analysts observe a correlation between yield spreads, USD/JPY, and the Dollar Index (DXY), suggesting a possible overshoot in spot prices. While option-related barriers may temporarily restrict further upward movement, continued momentum could prompt intervention from both the Ministry of Finance and the Bank of Japan.
DXY (Blue) & JP10Y (Orange)
Comparisons with 2023, when USD/JPY saw a sharp reversal from its peak, highlight the impact of US inflation and yield fluctuations. Despite lower yields and sticky inflation, indicators like consumer confidence reveal growing concerns about future consumption patterns, particularly as credit card delinquency rates soar to levels not seen since the Global Financial Crisis.
The divergence between large-cap and small-cap stocks further reflects the strain of high interest rates, with small firms bearing the brunt. Analysts suggest that without clear signs of an economic slowdown in upcoming data releases, expectations for a June rate cut may diminish, potentially strengthening the US dollar through the second quarter.
The project has sparked a new-found excitement in the Polkadot ecosystem, seeing over 20,000 await their airdrop in the $DED telegram channel.
With the token’s snapshot debuting early last week, the team hopes $DED signifies a second coming for the Polkadot ecosystem and fresh liquidity.
With partnerships and support from top projects on the network such as Talisman Wallet, Nova wallet, SubWallet and others, $DED is showingcasing how powerful and committed the Polkadot community can be.
DED has also launched the biggest Zealy campaign the network has seen, with a total prize pool of over $30,000 in DOT and big crypto personalities have also jumped in on the action. YouTuber DataDash noted in part of his latest video that this could “Put Polkadot back in centre stage”, with others such as Ash Crypto, DubzyXBT and Crypto Banter piling into the action.
The Dot is DED Mission Recap
DOT is $DED was initiated by the community with the purpose of creating the first memecoin on DOT. The community felt that if they worked together they could bring excitement which would onboard a larger community to Polkadot. Figuring out how to do it was the hard part, but after seeing how $BONK acted as a catalyst for the Solana ($SOL), the answer was right in front of the team.
There are now over 1 million DOT holders, and an estimated 100,000 of them have stuck it out to support the DED launch. Now the Snapshot has been taken, DOT is DED will await its airdrop.
For the latest updates and community activity Join the $DED Telegram channel and follow on X.
Disclaimer: The subject matter and the content of this article are solely the views of the author. FinanceFeeds does not bear any legal responsibility for the content of this article and they do not reflect the viewpoint of FinanceFeeds or its editorial staff. The information does not constitute investment or financial advice or an offer to invest.
BlockDAG‘s ongoing presale batch 5 has also amassed an impressive $9.7 million. At the same time, Green Bitcoin approaches the end of its presale phase, and Toncoin generates positive buzz with a surge in its value. Let’s explore these opportunities and unveil the top crypto presales to consider in 2024.
Toncoin Surges: Investor Confidence Soars!
Toncoin has experienced a significant surge in value, witnessing a remarkable 40% increase in just the past week. This surge can be attributed to the Ton Foundation’s Open League initiative, incentivising participation with TON tokens. Indicators such as the ‘Awesome Oscillator’ and the ‘Chaikin Money Flow’ signal further price growth potential for Toncoin. However, amidst this optimism, investors must remain cautious due to the inherent volatility of the crypto market.
Green Bitcoin Presale: Defying Standards and Nearing Completion!
Green Bitcoin emerges as a notable contender in the presale arena, prioritising reduced energy consumption and introducing an innovative Predict-to-Earn model. With its fair pricing and presale approaching completion, Green Bitcoin offers an attractive opportunity for eco-conscious investors. The project’s Gamified Green Staking system rewards accurate daily predictions on Green Bitcoin’s price, engaging users uniquely within the crypto market.
BlockDAG: Revolutionizing Crypto Investments and Environmental Responsibility!
BlockDAG sets a new standard in the cryptocurrency landscape by integrating technological advancements with environmental sustainability. With its presale witnessing overwhelming success, raising nearly $9.7 million and selling out almost 5.4 billion coins, BlockDAG advanced to its fifth batch with a price of $0.003.
BlockDAG’s Proof-of-Work (PoW) consensus mechanism prioritises energy efficiency, reducing the carbon footprint associated with mining activities. This commitment to sustainability and ambitious liquidity goals post-launch position BlockDAG as a frontrunner in sustainable blockchain solutions. In addition to its investment prospects, BlockDAG offers a chance to generate a steady passive income of up to $100 per day through its X-series mining rigs. These rigs can mine BDAG along with other prominent cryptocurrencies, including Bitcoin.
Investing in BlockDAG promises maximum returns and contributes to a greener future. It aligns with global efforts to mitigate the environmental impact of blockchain technologies and attracts eco-conscious investors who prioritise sustainability in their investment choices. With a strong emphasis on delivering on promises and advancing sustainability goals, BlockDAG emerges as a responsible choice for crypto investment.
Last Line
While Toncoin demonstrates potential through recent initiatives and Green Bitcoin appeals to eco-conscious investors, BlockDAG stands out as the top choice for investors seeking maximum returns and sustainability. Its innovative technology, combined with a commitment to environmental responsibility, positions BlockDAG as a leader in the crypto space. Join the movement towards greener blockchain solutions and invest in BlockDAG today.
Invest in BlockDAG and be part of the future of sustainable crypto investments. Remember, only early investors will enjoy the full benefits.
Invest In BlockDAG
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
The subject matter and the content of this article are solely the views of the author. FinanceFeeds does not bear any legal responsibility for the content of this article and they do not reflect the viewpoint of FinanceFeeds or its editorial staff.
The information on this page does not constitute advice or a recommendation on any course of action and does not take into account your personal circumstances, financial situation, or individual needs. We strongly recommend you seek independent professional advice or conduct your own independent research before acting upon any information contained herein.
The lawsuit alleges that the largest U.S. cryptocurrency exchange has violated securities laws by facilitating the trading of at least 13 crypto tokens that should have been registered as securities. Coinbase is also accused of operating as a national securities exchange, broker, and clearing agency without the necessary registration.
However, Judge Failla did grant Coinbase’s motion to dismiss one part of the SEC’s lawsuit. The claim that Coinbase acted as an unregistered broker through its wallet application was dismissed, providing a partial victory for the exchange in what promises to be a protracted and costly legal battle. Despite this, the ruling overall supports the SEC’s stance on cryptocurrency regulation and aligns with previous court decisions favoring the regulator.
Following the news, Coinbase shares dipped approximately 1.5% in early afternoon trading. Paul Grewal, Coinbase’s Chief Legal Officer, expressed on the social media platform X that the company was prepared for the ruling and remains determined to contest the SEC’s allegations. “We remain confident in our legal arguments, we look forward to proving we’re right,” Grewal stated.
The SEC welcomed the decision, with a spokesperson stating, “We are pleased that yet another court has confirmed that, while the term ‘crypto’ may be relatively new, the framework that courts have used to identify securities for nearly 80 years still applies.”
This lawsuit represents a critical point in the SEC’s efforts to extend U.S. securities law over digital asset companies. The agency is mostly relying on a long-standing Supreme Court ruling that defines what constitutes a security, particularly focusing on whether returns are “come solely from the efforts of others.” Coinbase, along with much of the crypto industry, argues that crypto assets do not meet this definition.
However, Judge Failla disagreed with Coinbase’s stance, indicating that the SEC has a plausible claim that some digital assets listed on the exchange qualify as securities. The judge referenced statements by developers, such as Solana Labs, about their ongoing efforts to develop their technology, suggesting that these could lead investors to expect profits derived from the efforts of others.
COTI, recognized for its fast and secure privacy layer on Ethereum, is partnering with Civic, a notable name in Web3 identity management solutions. This collaboration aims to bolster data protection for Civic users by integrating COTI V2’s privacy technology into Civic’s decentralized identity (DID) services.
Shahaf Bar-Geffen, CEO of COTI, mentioned: “We’re excited to integrate COTI V2’s confidentiality layer into Civic’s platform. Civic is a key player in Web3 identity management, and we’re committed to working alongside such leaders. Our collaboration with Civic’s skilled team to develop Dynamic DID is something we look forward to.”
With COTI V2, Dynamic DIDs become part of Civic Pass, serving as both a verified credential and a unique, non-transferable token in the user’s wallet. This feature is designed to help meet regulatory needs, including Anti-Money Laundering (AML) and Know Your Customer (KYC) standards.
The digital identity of a user comprises their internet-spanning data, credentials, and identifiers. As digital activities increase, so does the importance of managing digital identities to prevent unauthorized access and use of personal data. COTI V2’s privacy layer is designed to keep data encrypted, allowing for safe verification and processing.
Civic shows its dedication to user safety with the introduction of a physical ID card for Civic Pass holders, aimed at reducing the risks of AI-driven identity fraud. The partnership is a step towards better protection of users’ online presence and credentials.
COTI and Civic are focused on ensuring users’ privacy as they navigate through Web3, offering a way to manage a sophisticated version of decentralized identity (DID) without exposing sensitive information.
By using privacy-preserving technology like garbled circuits, COTI V2 introduces Dynamic DID, which supports confidential data sharing and intricate computations. Civic’s role spans the entire development cycle of COTI V2, highlighting the collaborative effort.
This partnership is a stride towards enabling users to manage their digital identities securely as the Web3 landscape expands. It aims to make storing sensitive information with Civic more secure, facilitating easier adherence to regulatory standards such as AML and KYC.
BlockDAG has captured the spotlight with its remarkable $9.8 million presale in the crypto world, where innovations emerge quickly. The platform’s introduction of a DeFi card redefines how we utilize cryptocurrencies, seamlessly integrating them into our daily financial activities. This initiative promises a future where digital currencies like Ethereum and Bitcoin are as straightforward to spend as traditional fiat money.
BlockDAG’s ecosystem is designed to facilitate online shopping, ATM withdrawals, and in-store purchases with cryptocurrencies, setting a new benchmark in the crypto-payment domain. As Chainlink (LINK) crypto and Ronin price prediction make their mark in the blockchain landscape with their unique offerings, BlockDAG’s DeFi card emerges as the best crypto platform in modernizing how we transact with digital currencies.
Chainlink: Bridging Smart Contracts with Accurate Data
Chainlink distinguishes itself by ensuring that blockchain applications receive timely and accurate external data, a critical component for executing smart contracts. This capability is vital for decentralized finance (DeFi) applications that rely on current market data to function correctly. Chainlink’s network, supported by a robust community of developers and users, is instrumental in enhancing the reliability and functionality of blockchain applications, making it a cornerstone of the DeFi movement.
Ronin’s Rising Star in Blockchain Gaming
The Ronin network has recently seen a surge in its valuation, particularly following Coinbase’s announcement to include Ronin in its trading offerings. This development and its presence on Binance have significantly elevated Ronin’s market presence. Designed for high-speed, low-cost transactions, Ronin is particularly suited for blockchain-based gaming, offering a scalable solution for game developers and players alike. With technical indicators showing positive momentum, Ronin is positioned as a lucrative asset within the gaming and blockchain ecosystem.
BlockDAG: Simplifying Crypto Spending with the DeFi Card
At the forefront of this financial revolution is BlockDAG, with its pioneering DeFi payment card, designed to make spending cryptocurrencies as easy as using a traditional debit card. This innovation addresses a significant hurdle in the widespread adoption of cryptocurrencies, offering a practical solution for everyday transactions. BlockDAG’s focus on low fees, global accessibility, and a streamlined signup process exemplifies its commitment to user convenience and financial integration. The BDAG presale has mirrored the project’s strength with more than $9.8 million raised so far.
As BlockDAG prepares to launch its next presale batch, the platform continues to break down barriers between digital and traditional finance, offering users a versatile and secure method to manage and spend their cryptocurrencies. This development benefits existing crypto enthusiasts and those new to the space as an alternative to Chainlink (LINK) crypto, providing an accessible entry point to digital finance.
Unique Position in the Crypto Market
While Chainlink and Ronin each contribute valuable innovations to the blockchain sector, BlockDAG’s DeFi payment card directly tackles the practical challenge of utilizing cryptocurrencies for regular purchases. By blending digital currencies’ adaptability with fiat transactions’ familiarity, BlockDAG is pioneering a convenient, secure solution for daily financial operations. This advancement makes BlockDAG a compelling platform for individuals looking to deepen their engagement with cryptocurrencies or integrate them more fully into their financial lives.
Invest In BlockDAG Crypto
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram:https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
The subject matter and the content of this article are solely the views of the author. FinanceFeeds does not bear any legal responsibility for the content of this article and they do not reflect the viewpoint of FinanceFeeds or its editorial staff.
The information on this page does not constitute advice or a recommendation on any course of action and does not take into account your personal circumstances, financial situation, or individual needs. We strongly recommend you seek independent professional advice or conduct your own independent research before acting upon any information contained herein.