Wednesday, January 18, 2023

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Digitra users who have accumulated DGTA tokens can exchange them for any of a plethora of available services

Digitra users who have accumulated DGTA tokens can exchange them for any of a plethora of available services. Due to the fact that tokens are issued by the DGTA and not the SEC, they are not considered securities by the regulatory body. To use Digitra, you'll need DGTA tokens. The DGTA token has no administrative or voting rights on the Digitra network. There is always the chance that the DGTA project and the token's features outlined in this whitepaper will be modified or even scrapped altogether if certain unanticipated events take place. Digitra is unable to sell DGTA tokens in the USA at this time. Anyone living in the United States, including corporate employees and corporate workers, is barred from accessing DGTA-issued tokens. Legality of DGTA tokens and the services they enable varies widely across the globe.

#DIGITRA #ICO #CRYPTO #BITCOIN


Thursday, 19th January 2023

The Daily Spin. Thoughtful Thursday Edition. The Dollar Index remains in a downward trend as Japan’s monetary policy meeting holds course to continue selling USD into the market. PPI numbers are positive. Bitcoin runs 13 days of green, marking the second longest streak in its history, with some analysts pointing to retail investors as the reason for the pump. As for altcoins, here are the rankings by number of developers active: ETH, SOL, MATIC, ATOM and DOT.

In the curated news today we have essentially, a direct correlation to the introductory synopsis above; Polygon completes its hard-fork upgrade, GBTC shares jump 10% in two weeks, Genesis owner DCG suspends dividend payments to shareholders. Solana gains 43% against Bitcoin, deployed ETH smart contracts surged 453% in Q4 2022, and Litecoin number of unique addresses eclipsed Ethereum at a new ATH. Circle reaffirms its 1:1 backing of USDC, and the FTX saga continues with a confirmed $5.5bn in liquid assets (that will remain locked until the end of the court proceedings) as the native FTT token pumps and dumps. Hashkey Capital commits half a billion to advance crypto and blockchain narratives, simultaneously launching a new product called “Me.”

As for the world and regulatory headlines of today, EU talks on cryptocurrency regulations continue to stall. Thailand’s SEC issues a bold requirement for all digital asset providers to offer their own wallet. The CFTC claims that international discussions for crypto standards are underway, while the SEC apparently “leaked” personal information of miners’ names and email addresses. 1 of 3 members of the US Congress were said to have received money from FTX. Hong Kong’s Bitzlato exchange’s founder is arrested and thrown in jail. Bitcoin’s mining emissions are down 10% since the reduction of hashrate originating in Kazakhstan. Silvergate posts $1bn loss in Q4 2022. And last but not least, a Ukrainian helicopter transporting the Interior Minister and other high-ranking officials fell into a residential pre-school building – details are still coming in on the extent of damage and the cause of the accident …here is our round-up of curated news and opinions (surely biased) from the world of Blockchain, keeping you informed into the new market with the most trending, in-the-know, and controversial topics. In the name of transparent, dissemination of information to keep you curious, inspired, and clinically sane…

Ongoings at Coinweb

Coinweb Labs is proud to unveil LinkMint ⛓️🍃, our groundbreaking Cross-Chain Tokenisation Platform and DeconX, our integrated native DEX! Live Walkthrough Demonstration for the Community by Toby, Knut, and Alexander.
https://www.youtube.com/watch?v=CSKA3cAB15U

Coinweb presents How Blockchain Technology Will Affect Tourism and Hospitality Industry with Royal Coast Riviera Club, Hua-Hin
https://www.facebook.com/permalink.php?story_fbid=pfbid028ZZTaqC3BKYLeUsKptGMjGbuesuYz55qnP9LubZc52KmhLCBQiHLr84orNft24a7l&id=100079478362053&notif_id=1673577843809478&notif_t=mention&ref=notif

Coinweb to Deliver Cross-Chain Smart Contract Architecture and Blockchain Loyalty Programme to BMW
https://cryptoslate.com/bmw-to-bring-blockchain-loyalty-program-through-coinweb-and-bnb-chain/

Block Tides' exclusive interview with Coinweb at the London Digital Asset Week
https://www.youtube.com/watch?v=jmPk_74nNlw

Toby quoted in “Decoding cryptocurrency market: Can cryptos finally bounce back in 2023 after 2022 devastation”
https://www.ibtimes.co.in/decoding-cryptocurrency-market-can-cryptos-finally-bounce-back-2023-after-2022-devastation-855336

KuCoin Labs launches incubation program to accelerate builders (Coinweb, DoraHacks, Ava Labs)
https://cointelegraph.com/press-releases/kucoin-labs-launches-incubation-program-to-accelerate-builders

Toby Interviewed at the Benzinga Future of Crypto Conference, Dec 7 (New York)
https://www.benzinga.com/markets/cryptocurrency/22/12/30022360/coinweb-is-making-a-splash-as-a-leading-layer-two-platform

“Understanding the Great Crypto Tradeoff” by Toby Gilbert
https://dailyhodl.com/2022/11/16/understanding-the-great-crypto-tradeoff/

“The Time is Now for Blockchain” article on Times of Malta
https://timesofmalta.com/articles/view/time-now-blockchain-a2.994854

Toby’s full presentation at Token2049-London
https://youtu.be/pdtKx3vAs9c

On the Radar

Introducing PleasrHouse, Episode 01; Going LIVE with u/DanielEllsberg u/snowden u/FreedomofPress – Thursday 3pm EST
https://twitter.com/PleasrDAO/status/1612858383681589248

Coinweb’s 1st Event in Collaboration with Offchain Sydney, Jan 18 (Sydney)
https://coinweb.io/events/the-1st-event-of-23-coinweb-x-offchain/
https://offchain.social/events/january-18-2023-sydney/

European Blockchain Convention, Feb 15-17 (Barcelona)
Interop Summit, Feb 27-28 (Denver)
Blockchain Life 2023, Feb 27-28 (Dubai)

Blockchain Africa Conference 2023, Mar 16-17 (Johannesburg)

On the Block(chain)

Research: Bitcoin Spot to Futures ratio shows retail drove price above $20,000
https://cryptoslate.com/research-bitcoin-spot-to-futures-ratio-shows-retail-drove-price-above-20000/

Research: A review of bitcoin mining company holdings in 2022
https://cryptoslate.com/research-a-review-of-bitcoin-mining-company-holdings-in-2022/

Genesis owner DCG suspends dividend payouts
https://cryptoslate.com/genesis-owner-dcg-suspends-dividend-payouts/

Alameda had $65B artificial credit line, 43,000% more than FTX market makers
https://cryptoslate.com/alameda-had-65b-artificial-credit-line-43000-more-than-ftx-market-makers/

Breakdown of current FTX assets shows $3.5B in crypto, $250M in real estate
https://cryptoslate.com/breakdown-of-current-ftx-assets-shows-3-5b-in-crypto-250m-in-real-estate/

GBTC shares jump 10% in twelve days, narrowing discount to 40%
https://cryptoslate.com/insights/gbtc-shares-jump-10-in-twelve-days-narrowing-discount-to-40/

Circle: USDC stablecoin is always 1:1 redeemable for US dollars
https://cryptoslate.com/circle-usdc-stablecoin-is-always-11-redeemable-for-us-dollars/

Competitive Landscape

Polygon completes hard fork upgrade to minimize gas fee spikes, chain reorgs
https://cryptoslate.com/polygon-completes-hard-fork-upgrade-to-minimize-gas-fee-spikes-chain-reorgs/

Solana soars 43% against Bitcoin so far in 2023
https://cryptoslate.com/insights/solana-soars-43-against-bitcoin-so-far-in-2023/

Litecoin has over 170.5 million total addresses, surpassing Ethereum
https://cryptoslate.com/insights/litecoin-has-over-170-5-million-total-addresses-now-in-use-surpassing-ethereum/

Deployed ETH smart contracts surge 453% in Q4 2022
https://cryptoslate.com/deployed-eth-smart-contrats-surge-453-in-2022-q4/

Hashkey Capital commits $500M to advance crypto, blockchain initiatives
https://cryptoslate.com/hashkey-capital-commits-500m-to-advance-crypto-blockchain-initiatives/

Say hello to HashKey Me’s new brand
https://cryptoslate.com/press-releases/say-hello-to-hashkey-mes-new-brand/

World

CFTC commissioner says foreign discussions over crypto standards are underway
https://cryptoslate.com/cftc-commissioner-says-foreign-discussions-over-crypto-standards-are-underway/

Thailand’s SEC mandates exchanges to establish digital wallet management system
https://cryptoslate.com/thailands-sec-mandates-exchanges-to-establish-digital-wallet-management-system/

Little-Known Surveillance Program Captures Money Transfers Between U.S. and More Than 20 Countries
https://www.wsj.com/articles/little-known-surveillance-program-captures-money-transfers-between-u-s-and-more-than-20-countries-11674019904

SEC allegedly leaked crypto miner names, emails
https://cryptoslate.com/sec-allegedly-leaked-crypto-miner-names-emails/

Bitcoin mining emissions down 10% as Kazakhstan’s hash rate share decreases
https://cryptoslate.com/bitcoin-mining-emissions-down-10-as-kazakhstans-hash-rate-share-decreases/

Hong Kong exchange Bitzlato seized; founder arrested
https://cryptoslate.com/hong-kong-exchange-bitzlato-seized-founder-arrested/

Silvergate Capital posts $1B loss in Q4’22
https://cryptoslate.com/silvergate-capital-posts-1b-loss-in-q422/

Vote on Crucial European Crypto Legislation Delayed Again
https://cryptobriefing.com/vote-on-crucial-european-crypto-legislation-delayed-again/

Ukraine’s Interior Minister, at least 17 others have been killed in a helicopter crash over Kyiv
https://www.wsj.com/articles/ukraines-interior-minister-killed-in-kyiv-helicopter-crash-11674033634

Every third member of the US Congress received money from FTX
https://cryptoslate.com/every-third-member-of-the-us-congress-received-money-from-ftx/

Thought Leadership

Can the World Computer Save the World? (Part I)
https://medium.com/humanizing-the-singularity/can-the-world-computer-save-the-world-part-1-wicked-problems-a186c4860bc3

Bankless: What's Hot in Arbitrum? | Arbitrum Ecosystem Guide (1hr 15mins)
https://www.youtube.com/watch?v=ISKjCypDN3Q

Nick Cave really doesn't like AI bot ChatGPT: 'A grotesque mockery of what it is to be human.'
https://mashable.com/article/nick-cave-chatgpt?utm_medium=browser_notifications&utm_source=pushly&utm_campaign=2610336

Developers Are Still Flocking To Crypto Amid Its Brutal Winter
https://www.forbes.com/sites/mariagraciasantillanalinares/2023/01/17/developers-are-still-flocking-to-crypto-amid-its-brutal-winter/?utm_medium=browser_notifications&utm_source=pushly&utm_campaign=2610906&sh=4eb2dbdd25e8

'Rage applying': The latest TikTok career trend pushing for a change
https://mashable.com/article/rage-applying-tiktok-job-trend?utm_medium=browser_notifications&utm_source=pushly&utm_campaign=2610374

A New Way to Launch NFTs - MuseDAO
https://metaversal.banklesshq.com/p/a-new-way-to-launch-nfts?utm_source=substack&publication_id=242181&post_id=97360109&utm_medium=email&utm_content=share&triggerShare=true&isFreemail=true

https://preview.redd.it/on7hrvcmexca1.png?width=830&format=png&auto=webp&v=enabled&s=a3f122dd0a8a7cfd17d494aea9eb31c4b6c4e788


Could BTC reach 22k?

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD holding firm above $21,000 on the day.

The pair remained cool amid news from Japan, where the central bank — the Bank of Japan (BoJ) — had decided to keep an ultra-easy policy in place, defying expectations of an interest rate hike.

In doing so, both the Japanese yen and the United States dollar took a hit in the latest chapter of a saga closely watched by crypto commentators.

“In keeping its key rate and yield curve control policy unchanged at today’s meeting, the Bank of Japan probably wanted to convey a message to the market; don’t fight the BoJ,“ ING Bank said in a dedicated response piece.

Cointelegraph contributor Michaël van de Poppe focused on a fresh decline in the U.S. Dollar Index (DXY) following the news.

“Another bearish retest taking place on the DXY, in which this one starts to drop substantially, maybe even due to the announcements from the BoJ earlier today,” he summarized.

In the event, DXY bounced at 101.9, not quite retesting the seven-month lows achieved on Jan. 16.

Van de Poppe also noted upcoming data from the U.S. in the form of the Producer Price Index (PPI) for December 2022

BTC has up and down during this crisis along with the rest of crypto, although some of it like GameFi led by projects like Alien Worlds, CosmoGene, LifeBeyond has been successful, let's just hope BTC could catch up.

On Bitcoin markets, meanwhile, suspicion continued to swirl around activity on the Binance order book as large-volume traders posted more and more bid liquidity.

Related: Bitcoin hits new post-FTX high as analysis warns move ‘choreographed’

On-chain analytics resource, Material Indicators argued that a single entity was potentially moving bids higher, helping buoy BTC/USD at two-month highs.

“Speculating that it could be the same whale using the $4M to insulate their $22M and give enough time to rug the $22M if the $4M gets hit.


Binance’s Financial Operations are a Black Box, With Complete Lack of Transparency

币安的财务完全是黑箱操作

Binance’s Financial Operations are a Black Box, With Complete Lack of Transparency

Binance established the Secure Asset Fund for Users (SAFU) in 2018, aiming to protect users' funds and ensure the company will have sufficient funds in the event of a massive liquidity crunch.

The SAFU was valued at 1 billion USD in January 2022 with the combination of BNB, BUSD, and Bitcoin. The value of these funds is based on market value and can vary from time to time. The year-to-year price of BNB’s value has dropped 57% from 563 USD to 242 USD, while Bitcoin’s value has declined 66% from 50,717 USD to 16,862 USD today. As of December 27, the value of Binance’s SAFU is worth around US$573 million, almost 50% less than in January.

The recent bankruptcy of FTX, Voyager Digital and Celsius Network have heavily affected the cryptocurrency market. Both FTX and BlockFi halted withdrawals in December, causing digital currency market panic and investors are more inclined to sell their digital assets. Cryptocurrency exchanges faced a serious liquidity crunch in the case of mass withdrawals.

The credibility of Binance remains skeptical as the company has yet to release a fully audited financial report, as users are still doubtful about its liabilities position. Binance’s CEO Changpeng Zhao (CZ) played down market concerns when he was asked whether the company would be able to handle the $2.1 billion clawback due to the FTX’s bankruptcy proceedings. CZ avoided a direct response, stating the company is “financially strong” and will leave the matter to the attorneys.

Bloomberg reported in June 2022 that CZ agreed to allow reporters to visit Binance’s office in Dubai. However, CZ rejected the interview after a whirlwind of texts, calls, and emails, citing there was a surge of Covid-19 cases.

Binance has been investigated by the U.S. Department of Justice for four years in relation to its compliance with U.S. anti-money laundering laws and sanctions, including three DOJ offices, the Money Laundering and Asset Recovery Section (MLARS), the U.S. Attorney’s Office for the Western District of Washington, and the National Cryptocurrency Enforcement Team. Sources also revealed anyone can open an account on Binance.com practically anywhere in the world with just a few basic personal information and an email address. No one really knows the real identity of these customers.

Financial regulators from the United States, Australia, Japan and other countries are pushing to regulate the cryptocurrency industry as suspicious frauds and money laundering activities soar. In 2023, digital currency exchanges with transparency and a strict KYC process would enhance investors’ confidence as well as market stability.

Reference: https://www.bloomberg.com/news/features/2022-06-23/binance-bnb-ceo-moves-to-dubai-as-us-regulators-target-the-crypto-exchange