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Terra: Fast Growing into the Next Big Thing in DeFi

Terra is an open-source blockchain-based network for creating stablecoins pegged at their corresponding fiat currencies. Its native tokens are Luna (LUNA) and TerraUSD (UST).

The project was developed by South Korea-based firm Terraform Labs in 2018, being built on Cosmos SDK.

The network has since then welcomed a lot of products which has seen it grow massively within its four years of development, even overtaking the well renowned Binance Smart Chain (BSC).
Coinweb is one of the most promising projects

Now the price of CWEB token on exchanges Gate.io and Kucoin grows against the market. The project is the killer of DOT and similar services. Now its price is only $0.02, although at the start of trading a few months ago it was worth more than $0.2. Analysts agree that the token could be worth more than $0.5 by the fall, and will reach $1 in 2023.
Russia’s Industrial Giant Rostec Announces Blockchain-Based Alternative to SWIFT

Rostec, the Russian manufacturing and technology conglomerate, has developed a system allowing the processing of international settlements and storage of digital currency. The blockchain-based platform has been announced as an alternative to SWIFT, which is unavailable for some Russian banks.

Rostec Employs Distributed Ledger Technology to Substitute SWIFTRussian state-owned corporation Rostec has built a platform using blockchain technologies to facilitate international settlements between Russia and its partners and the storage of digital currency. CELLS is intended as an alternative to the global payment messaging system SWIFT, from which a number of Russian banking institutions have been disconnected as part of western sanctions.

Russia has been increasingly cut off from global finances, foreign currency reserves, and traditional payment channels as a result of its invasion of Ukraine. The government in Moscow has been trying to transition to payments in national currencies such as the ruble and the yuan in its trade deals, and is also considering the possibility of using cryptocurrencies for international settlements. This, as Russia’s largest companies and importers are facing difficulties in their U.S. dollar payments.
Tax Agency Starts Checking Crypto Traders in Romania

Authorities in Romania are going after investors who failed to report revenues from crypto trading and pay tax. The offensive is part of efforts to respond to financial trends, the country’s tax body said in a statement, unveiling it was able to identify almost €50 million of undeclared crypto gains.

Tax Authority in Romania Verifies Gains From Cryptocurrency TradingRomania’s National Agency for Fiscal Administration (ANAF) announced this week that officials from its department responsible for prevention of tax evasion and fraud have initiated inspections to establish the revenues received from digital coin trading on various platforms like Binance, Kucoin, Maiar, Bitmart, and FTX.

The checks have been presented as a move within the tax authority’s new strategy to “adapt to the evolution of technology and financial market trends.” They targeted 63 Romanian citizens who, as ANAF established, made €131 million euros in crypto revenues between 2016 and 2021.
Forwarded from CryptoSoul
Get a free NFT land in the new metauniverse RIGHT NOW!

Friends, last year we were actively working on our metauniverse Crypto Soul World. And now, it's time to announce the imminent launch of this ambitious project! Right now you can buy CSW token on PancakeSwap early presale. In a month this token will be added to centralized exchanges like Kucoin and Huobi, and in December we plan a listing on Binance.

CSW is a metauniverse utility token with which you can buy NFT land and NFT characters in Crypto Soul World universe. Details about the universe itself are still under wraps, but we will be publishing a Lite Paper very soon.

1. Go to https://pancakeswap.finance/swap
2. Find a pair BNB/CSW (CSW contract address: 0xA62106602B7F0ced0101F497F60E5Ad7AAc3DCBE)
3. Swap 10 000 CSW tokens or more and hold it at your wallet until the metauniverse launch.

When the universe is launched, each CSW token holder will receive an NFT plot of land at the rate of 10 000 tokens = 1 NFT! For example, if you buy and hold 50 000 CSW tokens, you will receive 5 NFT when the metauniverse is launched!

Hurry up, only 800,000 tokens are available for sale right now. Max 80 NFT plots will be distributed among all presale participants.

The metauniverse is scheduled to launch on September 1.
Forwarded from CryptoSoul
FREE NFT GIVEAWAY!

Less than a month remains before the public release of our metaverse Crypto Soul World. Upon release to centralized exchanges, the price of the CSW token will start at $0.5 per token. Now there is a presale of token on PancakeSwap exchange, only 800,000 tokens are sold now on special conditions for members of our community.

Everyone who buys 10,000 tokens on the PancakeSwap exchange and holds tokens by September 1 will receive 1 NFT value for every 10,000 tokens to their wallet.

Right now the price of a token is only $0.01 and continues to rise due to high demand.

1. Go to https://pancakeswap.finance/swap
2. Find a pair BNB/CSW (CSW contract address: 0xA62106602B7F0ced0101F497F60E5Ad7AAc3DCBE)
3. Swap 10 000 CSW tokens or more and hold it at your wallet until the project launch.
Traffic Summit – be one step ahead of the digital marketing industry

Turkey, one of the most appealing business hubs. Thousands of attendees and the world’s top experts in 10+ professional fields, including performance, affiliate, and crypto marketing. And this is just the “tip of an iceberg” of the Traffic Summit conference.

The two-day event programme of Traffic Summit is tailored to maintain the perfect balance between ingesting expert-level knowledge, diving into the variety of networking opportunities, and enjoying world-class entertainment. Traffic Summit will bring experts from all over the world together in Istanbul, on September 28-29.
Forwarded from CryptoSoul
Get a piece of NFT land in the Crypto Soul World metaverse!

Everyone who buys 10,000 tokens CSW on the PancakeSwap exchange and holds tokens till the 1st of September will receive 1 NFT value for every 10,000 tokens to their wallet.

Right now the price of a token is only $0.01 and continues to rise due to high demand.

1. Go to https://pancakeswap.finance/swap
2. Find a pair BNB/CSW (CSW contract address: 0xA62106602B7F0ced0101F497F60E5Ad7AAc3DCBE)
3. Swap 10 000 CSW tokens or more and hold it at your wallet until the project launch.
Bitcoin, Ethereum Technical Analysis: ETH Bulls Targeting $1,800 This Weekend

Ethereum rallied to a fresh three-week high to start Saturday’s session, however gains eased as the day progressed. The token continues to trade above $1,700, as market sentiment remains bullish. Bitcoin experienced a similar day, with the token slowly losing steam, after a failed breakout of a key resistance level.

BitcoinBitcoin (BTC) continued to trade above $21,000 on Saturday, however yesterday’s bullish momentum had marginally faded.

BTC/USD rose to a high of $21,613.86 earlier in today’s session, however prices then fell to an intraday low of $20,651.06.
Shimmer Network Launch Marks Major Step for IOTA 2.0

September closed in style as the highly anticipated Shimmer network went live. This is after weeks of fire testing the Shimmer Beta version, a process which was initiated back in Mid-July as part of IOTA’s road map.

Earlier this week, Dominik Schiener, Co-founder and Chairman of the IOTA Foundation reaffirmed the launch of the Shimmer network and its native token (SMR).

“This is the week where, for the first time since the start of #IOTA in 2015, we launch a new token to the world. Couldn’t be more excited for what will follow.“
Canadian pension fund says they will write off $95 million stuck on FTX

Summary:

Ontario Teachers’ will write off a $95 million investment in troubled crypto exchange FTX.The pension fund announced the decision as Sam Bankman-Fried’s companies filed for bankruptcy in Delaware and New York.Another firm wrote off $150 million stranded on Celsius after the crypto lender collapsed in June.Ontario Teachers’ does not plan to pursue recovery of its $95 million investment in crypto exchange FTX. According to the announcement, the giant Canadian pension fund will write off its entire assets left in limbo on the platform.

we are disappointed with the outcome of this investment, take all losses seriously and will use this experience to further strengthen our approach.
Billionaire Tim Draper Says One Catalyst Will Trigger 1,400% Bitcoin (BTC) Price Explosion

Venture capitalist Tim Draper is doubling down on his prediction that Bitcoin (BTC) will reach a price of more than $250,000, a meteoric ascent of over 1,400% from the king crypto’s current value.

In a new Bloomberg interview, Draper unveils what he believes would be the catalyst that fuels a Bitcoin rally to $250,000.
Tom Brady Named in New FTX-Based Lawsuit

A new lawsuit centering around failed exchange FTX has named legendary sports stars like Tom Brady and David Ortiz as potential defendants. Many of these individuals have long been associated with FTX and promoted what is now considered a fraudulent and twisted exchange.

Tom Brady and Others Are Being SuedThe lawsuit was filed in the U.S. District Court of Miami, Florida. Not long ago, FTX had purchased the naming rights of the home arena for the Miami Heat.
Coinbase to Pay Hefty Penalty Fees to New York Lawmakers

Coinbase – one of the largest and most popular digital currency exchanges in the world – has announced it will pay roughly $50 million in settlement fees to New York regulators for allegedly failing to comply with the Empire State’s anti-money laundering laws.

Coinbase Allegedly Did Not Comply with Anti-Money Laundering LawsRegulators say that Coinbase has several older accounts that it hasn’t bothered to apply anti-money laundering laws to. There have been several thousand transactions with these accounts over the past four years that raised several red flags that Coinbase has allegedly done nothing about. The company must provide $50 million in penalties to New York as well as an additional $50 million to boost its compliance efforts.
Yuga Labs’ Twelvefold Collection of Ordinal Inscriptions Generates 735 Bitcoin, Worth More Than $16 Million

Yuga Labs, the creators of the blue-chip non-fungible token (NFT) collection Bored Ape Yacht Club (BAYC), announced that the team has completed its Ordinal Inscription auction with a total of 3,246 bidders. The Twelvefold collection of inscriptions generated 735.7 bitcoin, worth more than $16 million. The highest bid was 7.1159 bitcoin, equivalent to $160,000.

Individuals Complain About Yuga Labs’ Auction Model Despite Record Sales of Ordinal InscriptionsYuga Labs has concluded its Twelvefold auction after it went live at 3 p.m. PST on March 5 and ended at 3 p.m. PST on March 6. Schmigge Figge, the chief content officer at Yuga Labs, recently explained that Twelvefold is a base 12 art system localized around a 12×12 grid, and the collection is composed of 300 inscriptions. “Each series maintains a theme spread across 12 unique pieces,” the Yuga executive detailed. “Every Twelvefold piece will be inscribed onto a satoshi with a satpoint ending in the number 12, and the ‘postage’ associated with each inscription will be 12121.”

According to a representative speaking on behalf of Yuga, the collection may hold the spot as the top Ordinal Inscription collection sale to date, as detailed in a note sent to Bitcoin.com News. The Twelvefold auction saw 3,246 total bidders, with the top bid at 7.1159 BTC, or $160,000, according to Yuga. The minimum bid to rank in the top 288 was 2.2501 BTC, and the auction generated 735.7 BTC from the top 288 spots, which equated to roughly $16.5 million. Yuga tweeted on March 7 that all bids that did not rank in the top 288 saw funds returned to their receiving address.
Rendering Videos – a Fast, Reliable and Low Cost Service From GAIMIN

GAIMIN has launched video rendering into the services provided by gaimin.cloud, GAIMIN’s decentralised, distributed data processing network.

GAIMIN’s video rendering service is a lower cost service providing a faster turnaround time whilst spreading the data processing energy consumption footprint globally using PCs already running other applications and services and solving one of the world’s biggest digital problems today..

“The World is Running out of Data Processing Power”Satya Nadella, CEO Microsoft

In 2020, it was estimated that 1.145 trillion Mb of data was created every day; every human created approximately 1.7Mb of data per second. In 2022, 91% of Instagram users engage with brand videos, users send 650 million Tweets per day, 333 billion emails per day are sent, 42 million WhatsApp messages are sent per day, Google handles 6 billion searches per day, and there are 4.95 billion active social media users (62% of the global population). A lower definition 480p video streamed on YouTube uses 8.3Mb of data per minute, 500Mb per hour. A higher-quality 1080p video uses more data! One SnapChat uses 1Mb of data. The world is running out of data processing power!
Block3000: Blockchain Battle Early Bird Tickets on Sale Now!

Secure more than 40% off on tickets for one of the biggest blockchain events in Europe.

More than 5,000+ delegates are expected to grace the stunning Altice Arena in Lisbon, Portugal this July 6 & 7, 2023, as Block 3000: Blockchain Battle gathers the best and brightest of Blockchain, Web3 and Crypto to unveil exciting new projects, engage in priceless networking and to set the discourse for the industry.

Block 3000: Blockchain Battle will welcome a diverse range of speakers that includes C-Suite Executives from some of Fintech’s biggest movers and shakers, influential media figures, inspirational founders and Blockchain thought leaders.
Fuck memecoins, says PSYCHO. Yep, you heard that right. Here's why it got our attention:

• Provocative? Absolutely, PSYCHO ain't afraid to challenge the status quo.
• Strong community? 100%. Bunch of defiant spirits rallying behind the coin. Our kind of crowd.
Launched? May 29th
• Results so far? 750 holders, $3.5m market cap.
• CEX listing? First listing on MEXC today at 12pm UTC.
• Next CEXs? They are in contact with Bybit, Huobi, OKX
• Tokenomics? Crystal clear. 90% for DEX liquidity, 5% for CEX, 5% for the community. No BS.

DYOR, but from my side, this might be a massive pump. Don't forget to thank me later.

🧿 Rating: coinmarketcap
💰 Buy: uniswap, mexc
🐦 Follow: twitter
U.S. Justice Department Charges Two Russian Nationals for Involvement in Infamous Mt. Gox Crypto Exchange Hack

The U.S. Department of Justice (DOJ) is charging two Russian nationals for their alleged involvement in the infamous hack of defunct crypto exchange Mt. Gox.

In a new press release, the DOJ says that it is charging two Russian citizens – 43-year-old Alexey Bilyuchenko and 29-year-old Aleksandr Verner – for allegedly conspiring to launder hundreds of thousands of Bitcoin (BTC) hacked from Mt. Gox.
Could Bankrupt Celsius Liquidation Plans Shake Up Altcoin Market? Here’s What the Data Shows

As part of its reorganisation strategy, insolvent crypto lending platform Celsius has recently received the green light from the court to swap over its altcoin holdings into Bitcoin and Ethereum. The move comes as Celsius aims to reorganize its assets and navigate its financial challenges. According to reports, the now-defunct platform has transferred sizeable amounts of its holdings to stablecoin issuer Paxos and market maker Wintermute in an effort to increase liquidity.
Top Stablecoin Tether (USDT) Ends Support for Kusama (KSM), Bitcoin Cash (BCH) SLP and Omni Layer (OMNI) Chains

Tether, the firm behind the largest stablecoin by market cap, has officially ended support for three different blockchains.

On Thursday, the stablecoin issuer stopped minting USDT on Kusama (KSM), Bitcoin Cash’s (BCH) Simple Ledger Protocol (SLP), and Omni Layer (OMNI).