Gala Games and Elixir Games Announce Partnership

Zach
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0
Gala Games and Elixir Games Announce Partnership 
Gala Games and Elixir Games Unveil a Game-changing Partnership

In a groundbreaking move that’s set to reshape the landscape of web3 gaming, Gala Games and Elixir Games have joined forces to forge an exciting partnership. The aim? To bring the thrilling universe of web2 and web3 gaming ever closer. The collaboration is set to introduce Gala Games’ captivating suite of titles to the Elixir Games app, marking a significant step forward in the evolution of the gaming industry.

A Fusion of Gaming Powerhouses

Gala Games, a recognized pioneer in the realm of web3 gaming, has joined hands with Elixir Games, an esteemed platform specializing in web3 gaming distribution. This strategic partnership will herald an era of enhanced accessibility and engagement for Elixir users, who will soon be able to dive into an array of Gala Games’ offerings via the Elixir Games platform.

Opening New Avenues for Gamers

Among the exciting developments, Spider Tanks and Town Star, two flagship titles, are poised to make their mark on the Elixir Games launcher. Previously exclusive to the Gala Launcher, these games will now grace the Elixir Games ecosystem, enriching the gaming experiences available to players.

More Than Just Games

Beyond the inclusion of games, the partnership brings with it a wealth of immersive activities. Elixir Games will roll out a series of weekly gaming nights, featuring exclusive prizes and appearances by notable figures from the Elixir Partner program. This initiative not only fosters interaction between content creators, streamers, and players but also extends the gaming community’s horizons beyond what was possible through the Gala Games launcher alone.

A Vision Unveiled

Carlos Roldan, founder and CEO at Elixir Games, expressed enthusiasm about the collaboration:

“We are thrilled to join forces with Gala Games and introduce its incredible gaming experiences to our platform. Our goal is to provide players with the best gaming content and community engagement, and this partnership allows us to deliver on that promise. We look forward to starting this initiative with Town Star and Spider Tanks, and working with Gala [Games] to expand its gaming catalog with the Elixir Games launcher.”

Diverse Gaming Experiences

Spider Tanks, a riveting player-versus-player brawler, offers gamers the chance to customize their tanks using a vast array of NFT parts. With high-octane 3v3 mayhem, multiple game modes, and the ability to borrow or lend tanks, the excitement knows no bounds. On the other hand, Town Star, a town-building and farming simulation game, invites players to embark on a journey of urban development and agricultural mastery. Whether constructing a quaint town or competing on a global scale, Town Star promises a dynamic and engaging experience.

A Step Towards the Future

In addition to game releases and engaging gaming nights, Elixir Games is stepping up its commitment to the partnership. The company will host a dedicated node, contributing to the Gala Games network’s solidity. This move is set to fortify the gaming ecosystem’s infrastructure and decentralization, fostering a secure and sustainable environment for players.

A Shared Vision

Jason Brink, president of blockchain at Gala Games, underscored the shared aspirations of the two entities: “Elixir and Gala Games both envision a better future for gaming and better experiences for gamers. With this partnership, we can both drive further toward making that a reality for more players all over the world.”

Unveiling Elixir Games

Elixir Games, a dynamic tech company with a distributed team spanning the continents of Europe, Asia, and the Americas, has been a trailblazer since its inception in 2018. Renowned for its cutting-edge blockchain-related game distribution, the company boasts the feature-rich Elixir platform. Presently, Elixir boasts a repertoire of nearly 120 partnered PC games and offers seamless web2 and web3 integration. Elixir Games is also poised to launch two exclusive web3 PC and mobile games, No Way Back and Tinies, both of which are eagerly anticipated.

The Gala Games Movement

Gala Games is on a mission to create the world’s largest decentralized network of gamers. Harnessing the potential of web3 technology and drawing from a wealth of experience in professional gaming, Gala Games is dedicated to empowering players through asset ownership, sustainable economies, and unforgettable AAA-gaming experiences. For a comprehensive understanding of the Gala Games ecosystem, visit their official website.

The alliance between Gala Games and Elixir Games is a game-changer in the world of web3 gaming. As the realms of web2 and web3 gaming draw closer, players around the globe can look forward to an era of heightened accessibility, engagement, and excitement. This partnership exemplifies the industry’s evolution toward a more immersive, interactive, and player-centric future.

How To Use eToro For Cryptocurrency Trading

Krysta
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0
How To Use eToro For Cryptocurrency Trading

A thorough guide to cryptocurrency trading on eToro

A multi-asset brokerage and social trading platform with headquarters in the UK is called eToro. While not its core emphasis, eToro has a wide range of cryptocurrencies available for trading. Additionally, eToro’s sophisticated and user-friendly trading tools make buying and selling cryptocurrency a more enjoyable experience.

You may purchase and trade the most well-known cryptocurrencies, including Bitcoin, Ethereum, Bitcoin Cash, XRP, and others, with eToro. When you have your cryptocurrencies in hand, you can use the eToro wallet to safely keep your coins until you’re ready to sell, use, or send them to a friend. Utilize the social trading tools offered by eToro to connect with millions of users globally and identify top-performing cryptocurrency traders to emulate with CopyTrader.

Despite the current trend toward becoming a crypto investor, it is sense to proceed cautiously. Prices can vary greatly, and there is no regulatory oversight of the cryptocurrency market.

The crypto options on eToro

Customers at eToro have access to 35+ unique coin pairs, 14 cryptocurrency crosses (like ETH/BTC), and 63 non-USD currency crosses (like LTC/AUD).

The following ways to trade and own cryptocurrencies are provided by eToro: spot cryptocurrency, crypto CFDs, eToroX, and crypto wallet. However, not all methods are accessible in all nations. For a thorough overview of which cryptocurrency products are accessible in your nation, see our spreadsheet.

When you go long in any digital currency on eToro, you automatically get the physical coin. It is a CFD when you go short. There are always exceptions to every rule. For instance, US citizens are only permitted to go long on actual coins; they are not permitted to go short on cryptocurrencies through the use of CFD trading.

Cryptos as real assets (for non-US residents)Cryptos as CFDs (for non-US residents)Cryptos as real assets (for US residents)
AAVEADAAAVE
ADABCHADA
ALGOBNBALGO
BATBTCBAT
BCHDASHBCH
BNBDOGEBTC
BTCEOSCOMP
COMPETCDASH
DASHETHDOGE
DOGELINKEOS
EOSLTCETC
ETCMIOTAEthereum
ETHNEOLINK
LINKTRXLTC
LTCUNIMANA
MANAXLMMATIC
MATICXRPMIOTA
MIOTAXTZNEO
NEOZECTRX
TRX UNI
UNI XLM
XLM XTZ
XRP YFI
XTZ ZEC
YFI  
ZEC  

You will trade the real asset rather than CFDs if you create a non-leveraged long position in any cryptocurrency (i.e., you just use your own money to trade and do not borrow from the broker).

Use eToro to purchase Bitcoins

One of the first brokerage companies to provide Bitcoin trading was eToro.

Is Dogecoin available on eToro?

Dogecoin is available to eToro customers, as the broker included it in its product lineup in May 2021. In the eToro app, Dogecoin is shown under the DOGE ticker. On the eToro site, in addition to trading, you can access a wealth of information on Dogecoin, including as pricing, data, charts, and research tools.

XRP and eToro

One of the various digital currencies you may trade at eToro is XRP, which was established by Ripple Labs in 2012. XRP tokens are used to buy, sell, and exchange XRP. XRP promises to be able to process a transaction in an average of 3 to 5 seconds because to its decentralized blockchain technology. At eToro, the typical spread cost for trading XRP is about 2.45%.

Shiba Inu and eToro

In 2020, the Shiba token was introduced as a substitute for Dogecoin, a well-known joke currency. Shiba Inu coins may be traded on eToro with the symbol SHIBxM.

eToro cryptocurrency fees

A 1% markup is included in the price of each cryptocurrency asset, making eToro’s costs for trading cryptocurrencies rather hefty.

On the other hand, eToro does not charge for cryptocurrency deposits, and the daily withdrawal cap for all currencies is $10,000. Transactions over this threshold are subject to broker screening, which can take up to 24 hours during the week and up to 72 hours on the weekend.

Remember that after a year of inactivity, eToro levies a $10 monthly inactivity fee. To prevent having to pay this cost, all you need to do is sign into your account.

Coinbase vs. eToro

The answer to the issue of whether you can trade cryptocurrency on eToro and Coinbase is yes. With user-friendly platforms and access to a variety of crypto assets, both are well-liked trading applications among cryptocurrency enthusiasts. But there are significant disparities between the two.

A multi-asset platform called eToro allows users to trade CFDs as well as invest in stocks and cryptoassets.

CFDs are complicated financial products that carry a significant risk of losing money quickly because of leverage. When trading CFDs with this supplier, 77% of retail investor accounts experience a loss of capital. You should think about your understanding of CFDs’ operation and your ability to bear the substantial risk of financial loss.

Future outcomes cannot be predicted by past performance. Less than five full years of trading history are provided, which may not be sufficient to serve as a basis for investing decisions.

Investment advice is not provided by copy trading. Your investments’ value might increase or decrease. Your money is in danger.

Investing in cryptocurrencies is very risky and uncontrolled in various EU nations. no safeguards for consumers. Profits tax may be imposed.

Base network has officially launched: Here’s how it can be used

Zach
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0
Base network has officially launched: Here’s how it can be used
base.org

Coinbase’s Base network, a revolutionary platform for Web3 development, has taken a significant step forward with its official launch on August 9th. After undergoing a phased launch process that included an exclusive “open for builders only” phase, Base is now open for end-users to explore its potential and engage in various activities within the network. This milestone marks a turning point in the world of decentralized applications and protocols, offering users a range of functionalities that have the potential to reshape the landscape of blockchain technology.

A Journey to Launch: The Evolution of Base Network

The journey towards the official launch of Base network began when it initially entered beta version on February 23rd. This step attracted considerable attention within the crypto community, fueled by speculation that Base’s integration with Coinbase’s extensive user base could catalyze the adoption of Web3 protocols. The network subsequently launched its mainnet version tailored for builders on July 13th, accompanied by a cautionary note that it wasn’t yet prepared for general users. However, on August 9th, the network reached the pivotal point of its development, finally becoming accessible to all users.

Exploring Base Network’s Features

With Base’s official launch, users now have access to a range of exciting features that can shape their experience within the network.

  1. Bridge Tokens: One of the core features is the ability to bridge Ether (ETH) from the Ethereum mainnet to Base. This process is facilitated by the official Base bridge, which launched its user interface on August 3rd. Notably, the cross-chain bridging protocol Wormhole also announced its availability on Base on August 9th, further expanding the interoperability of the network.
  2. Swap Tokens and Provide Liquidity: Base welcomes users to participate in decentralized cryptocurrency exchanges (DEXs) that are now operational on the network. Notable among these is Uniswap, a pioneer in the decentralized exchange realm, which launched its Base version on August 7th. Maverick Protocol also joined the fray, introducing its Base version on August 8th, boasting improved capital efficiency and customization options. Additionally, LeetSwap, while temporarily shut down due to an exploit, is set to relaunch in the future, offering an innovative DEX experience.
  3. Make Payments: Base offers a payment app called Beam, enabling users to make payments using U.S. Dollar Coin (USDC) or the app’s native coin, Eco. Beam stands out by allowing users to pay for gas fees without the need to store seed words or hold Ether. With an intuitive interface and built-in fiat-to-crypto and crypto-to-fiat gateway, Beam simplifies the payment process on Base.
  4. Register a Username: Masa Finance’s soulbound token protocol enables users to register their .masa usernames on Base, a significant step towards enhancing identity management and complying with Know Your Customer (KYC) services.
  5. Launch a Decentralized Autonomous Organization (DAO): Base also caters to those interested in creating decentralized autonomous organizations (DAOs). Aragon’s “no-code Aragon app” and “modular Aragon OSx” make DAO creation accessible, not only to developers but also to end users seeking to establish their DAOs.
  6. Mint and Collect NFTs: Base’s launch coincides with the Onchain Summer festival, bringing exclusive NFT minting opportunities from brands and projects like Coca-Cola, Showtime, Atari, Optimism, and more. This diverse range of NFT offerings spreads across August and early September, offering users the chance to engage with their favorite brands on the blockchain.

Challenges on the Path to Launch

Despite the positive momentum surrounding Base’s launch, the journey hasn’t been entirely smooth. During its phased launch, some users attempted to leverage developer tools to invest in memecoins ahead of the official launch, leading to substantial losses. Confusion surrounding distribution mechanisms and liquidity management resulted in an estimated $2.2 million loss during the Pond0x memecoin launch. Similarly, the BALD token launch experienced losses of around $1.9 million due to liquidity-related issues.

Conclusion

Coinbase’s Base network has ushered in a new era of Web3 development and possibilities. With its official launch, users can now dive into a wide array of functionalities, including bridging tokens, participating in DEXs, making payments, registering usernames, launching DAOs, and engaging with NFTs. As Base continues to evolve, it holds the promise of reshaping how users interact with blockchain technology, offering them more control, efficiency, and opportunities in the decentralized world. Despite initial challenges, the launch of Base marks a significant step towards the future of Web3 applications and decentralized finance.

An Introduction To eToro

Krysta
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0
An Introduction To eToro

A limited number of equities and exchange-traded funds (ETFs) are available on eToro’s online brokerage platform, which also features a crypto exchange that facilitates trading in more than 30 cryptocurrencies. People who desire a more communal trading experience may consider this platform because of its social features and vibrant community. However, if all you’re looking for is a cheap cryptocurrency exchange, eToro’s hefty trading costs can seem a little excessive.

Who Is eToro Suitable For?

Most at home on eToro may be bitcoin newbies who wish to learn by doing so.

The eToro platform offers a vibrant user base as well as social elements like news feeds for certain trading coins. A fantastic way to learn about the world of cryptocurrencies is to engage in conversation and browse social media.

Why eToro is a Good Choice

At eToro, imitating successful traders’ investment techniques may pay handsomely, since the platform provides features that help you do just that while also rewarding others who use your trading tactics.

These choices may be appealing to more experienced cryptocurrency traders, who may get yearly incentives of up to 2% of their average balance by growing their platform following.

Features of eToro

Since its establishment in Israel in 2007, eToro has grown to serve a number of foreign markets. various nations have various features accessible on the platform, and the American version does not support all of them.

Like many other cryptocurrency exchanges, anybody residing in the United States is allowed to open an eToro account, although not all of the services are accessible in every state. For instance, New York, Nevada, Hawaii, and Minnesota do not allow crypto trading.

Fees

On cryptocurrency exchanges, especially ones that are beginner-friendly like Coinbase and Gemini, pricing might be a little hazy. company’s encouraging that eToro has a comprehensive list of the costs company levies for cryptocurrency trading.

Users of eToro pay a 1% fixed charge for each cryptocurrency exchange, which is technically a bid-ask spread.

Despite the transparency of the costs, eToro’s pricing structure has a unique aspect. Every time you purchase or sell a crypto asset, several exchanges impose a fee. On eToro, however, you pay for the “round trip” up front, which entails paying a 1% charge for the coin’s future selling in addition to a 1% cost on the purchase. eToro claims that this profit/loss “will update in real-time as the market price changes.”

This distinction could be just semantic if you intend to keep all of your cryptocurrency purchases on the eToro platform and never transfer them elsewhere. However, you cannot move your coins back onto the eToro trading platform once you have moved them to an external cryptocurrency wallet. You’ve effectively lost the return spread fee in this situation.

Security

Cash assets up to $250,000 are kept in bank accounts covered by the Federal Deposit Insurance Corp.

Modern monitoring tools, two-factor authentication, and offline and online currency storage are all included in cryptographic security methods. Additionally, no employee of eToro is permitted to remove user cryptocurrency from storage.

Opening an account with eToro

Creating an eToro account is really easy. Check out the eToro main page. You’ll be asked to select a username, provide your email address, and set a password once you arrive.

Additionally, eToro gives new users the choice to sign up for an account using their Facebook or Google identities.

You must agree to eToro’s terms of service, privacy statement, and cookie statement. Finally, an email from eToro will arrive, asking you to confirm your email address. An eToro account may be created without further authentication.

Available cryptocurrencies on eToro

More than 30 cryptocurrencies and more are available for trading on the eToro platform in the US, and almost 80 are available globally. For many crypto newbies, there is enough information to cover the fundamentals. But experienced users seeking for a specialized coin could find the choices to be too short.

Here is a list of some of the most well-known currencies on eToro:

How eToro Can Get Better

Cheaper Fees

Although clear and fair, eToro’s costs are still higher than those of several of the top platforms for crypto exchanges.

Users pay more upfront due to the complex fee structure, which is advantageous if the value of your investment increases. However, eToro could be able to provide better service for less money.

Added Coin Choices

For eToro, the absence of alternative currency, especially in the United States, is a concern. Even while several significant currencies are available, the U.S. lineup does not include coins like Solana (SOL), for example.

The platform’s worth may rise significantly if the exchange’s coin offers were improved in the United States.

Enhanced Client Services

Only online chat and support tickets are available for users to use when contacting eToro customer care. A user’s equity holdings define their status on the platform unless they are at Platinum level or higher. No one can be reached via phone.

What You Need to Know Before You Start Trading on eToro

Even though eToro’s investment platform is simple to use and straightforward, there are a few things you can do to ease the transition into online investing. A brief tutorial on how to begin using eToro is provided below.

How to register for an eToro account:

  • The first step is to create an account with eToro, which simply takes a few minutes.
  • Verify your identity in to protect your account. This is an important step.
  • Make your initial deposit.
  • Investments should be made now!

Trading CFDs with this supplier results in losses for 68% of accounts held by individual investors. If you can afford to incur the significant risk of losing your money, you should.

Here are five things you may attempt after setting up your account:

Take after other investors and traders

When CopyTraderTM, one of eToro’s most well-liked features, was unveiled in 2010, it established the company as a pioneer in the social trading industry. The entrance hurdles were dropped, enabling even people with little time or knowledge to invest online thanks to the ability for users to follow and imitate one another. Any action taken by a copied user is automatically and instantly mirrored in your portfolio. CopyTrader allows you to:

  • Filter results after searching for “popular investors” according to gain, success rate, risk score, preferred assets, and more.
  • View the statistics of the investors you are contemplating following in public.
  • Editor’s Choice can help you locate prosperous Popular Investors.
  • You may join the Popular Investor program if you think you have what it takes and benefit from monthly cash payouts as well as other wonderful benefits.

Practice with a virtual account

You will be given a $100,000 virtual money account to test out eToro with after signing up. You may practice investing with our service before putting your real money at risk. Your virtual account allows you to:

  • Open positions
  • Try different leverage, stop-loss, and take-profit strategies.
  • Try out various tactics
  • Try out copy trading.
  • Purchase eToro Portfolios.
  • Engage the eToro community

Begin manually trading or investing

You may start utilizing the eToro platform manually after you feel confident enough with it and are certain that you have learned everything there is to know about the financial products in which you want to invest. eToro enables you to:

  • Invest in stocks with 0% fee; also available for fractional shares.
  • Utilize CFDs to open short or leveraged trades.
  • To do technical analysis, use ProCharts.
  • Utilize the Research tab to learn insightful market information.

Utilize our special trading tools

eToro provides a number of unique features, such as:

  • Stop Loss and Take Profit – When a predetermined profit or loss level is reached, the trade is immediately closed.
  • Trailing Stop Loss – As long as the market is rising in your favor, the Stop Loss point rises correspondingly.
  • One Click Trading – Make your investment size, leverage, take-profit and stop-loss decisions in advance so that you may apply them to each trade you make on that instrument.
  • Make a customized Watchlist to get volatility warnings in real time.

Portfolios on eToro: a long-term investment choice

eToro developed its Portfolios, an avant-garde themed investing tool, after realizing that some of its clients were searching for a long-term investment tool. Each eToro Portfolio combines several assets into a single investment portfolio using a themed investment method. The eToro Investment Team develops and manages eToro Portfolios, and a machine learning algorithm optimizes them.

Three different portfolio kinds exist:

  • Market Portfolios concentrate on a single market segment, such as technology, gaming, finance, etc., and compile the most important assets from each category into a single Portfolio.
  • Top Trader Portfolios allow users to invest in the combined expertise and knowledge of several traders on the eToro network in a single asset.
  • Similar to Market Portfolios, Partner Portfolios are made by eToro’s partners, some of the top financial institutions in the world.

Blockchain.com Secures Major Payment License from Monetary Authority of Singapore

Zach
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0
Blockchain.com Secures Major Payment License from Monetary Authority of Singapore 
Empowering Crypto Innovation and Adherence to Regulation

The realm of cryptocurrencies is witnessing a dynamic shift as regulatory landscapes evolve and key players strive to strike a balance between innovation and compliance. In a groundbreaking announcement, renowned crypto exchange Blockchain.com proudly revealed its acquisition of a major payment institution (MPI) license from the esteemed Monetary Authority of Singapore (MAS) on August 1. This milestone not only marks a significant achievement for Blockchain.com but also serves as a significant step forward for the cryptocurrency industry within Singapore. This development underscores Singapore’s commitment to fostering innovation while upholding a strong regulatory framework.

Blockchain.com’s attainment of the MPI license represents the culmination of a carefully navigated journey, beginning with the pivotal in-principle approval bestowed upon Singapore’s central bank in the preceding October. With the recent announcement, Blockchain.com is now poised to expand its Digital Payment Token (DPT) services, effectively broadening access for institutional customers and investors within the Singaporean market. This expansion is poised to play a vital role in encouraging wider cryptocurrency adoption within the region.

Championing Regulatory Innovation

Peter Smith, co-founder and CEO of Blockchain.com, applauded the Monetary Authority of Singapore’s transparent approach to regulation, noting its ability to oversee the crypto industry while fostering an environment conducive to innovation. The issuance of the MPI license cements Blockchain.com’s position among other DPT service providers in Singapore, a roster that includes industry giants like Crypto.com, Paxos, Circle, and Revolut. The rigorous assessment criteria set forth by MAS emphasize the regulator’s commitment to ensuring security, compliance, technology risk management, and audit arrangements. These prerequisites collectively work to maintain a high standard of due diligence, suitable solicitation, and comprehensive risk disclosure.

A Badge of Adherence to Norms

Within the realm of cryptocurrencies, regulatory licenses serve as symbols of compliance and a dedication to adhering to regional standards governing financial and operational procedures. Blockchain.com’s successful attainment of the MPI license stands as an embodiment of its meticulous commitment to these norms, marking a substantial leap forward in its operational journey.

Singapore’s Progressive Regulatory Landscape

Singapore has rapidly gained recognition as a thriving crypto hub, particularly within the Asia-Pacific (APAC) region. Its steadfast commitment to stringent regulations concerning cryptocurrency-related activities has established it as a trusted destination for crypto-based businesses. A noteworthy commitment from the Monetary Authority of Singapore (MAS) has allocated up to SG$150 million (approximately $112 million) to support a range of fintech solutions, including those rooted in Web3 technologies.

The introduction of the “Innovation Acceleration track” by MAS underscores the importance of collaboration with the industry to foster innovative fintech solutions driven by emerging technologies like Web3. This initiative demonstrates the regulator’s recognition of blockchain’s transformative potential and its willingness to facilitate growth within a structured regulatory framework.

Advancements in Defining Crypto Benchmarks

Singapore’s central bank and regulatory authority, MAS, have proactively assumed a role in shaping the future of digital money and cryptocurrency use. An introduced protocol, unveiled in June, has outlined benchmarks for the utilization of digital money, spanning central bank digital currencies (CBDCs) and stablecoins. This protocol signifies MAS’s commitment to establishing clear guidelines and frameworks for the adoption and operation of digital currencies within its jurisdiction.

MAS’s collaborative efforts with local financial institutions to refine the onboarding process for crypto service providers further emphasize its dedication to preventing illicit activities while fostering legitimate innovation.

In summation, the attainment of the MPI license by Blockchain.com from the Monetary Authority of Singapore represents a pivotal moment for both the company and the wider cryptocurrency ecosystem. Singapore’s regulatory framework exemplifies the country’s dedication to nurturing innovation while adhering to rigorous guidelines. In the backdrop of a flourishing crypto industry, these regulatory achievements play an indispensable role in cultivating an environment of trust and credibility, fundamental for sustained growth and mainstream acceptance of digital assets.

PayPal launches dollar-backed stablecoin, boosting shares

Zach
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0
PayPal launches dollar-backed stablecoin, boosting shares

The digital world just got a bit more interesting as PayPal, the big player in payments, announced its groundbreaking move into the world of cryptocurrencies. They’ve just launched their very own U.S. dollar stablecoin, which is like digital money that doesn’t have those wild swings you hear about with other cryptocurrencies. This news, shared on a Monday, not only made PayPal’s shares jump up by 2.66%, but it also shows that they believe in the future of digital currencies for everyday payments.

Confidence Amidst the Storms

Cryptocurrencies have had their ups and downs in the past year, facing all sorts of challenges from regulations and even big collapses. But PayPal isn’t backing down. Their decision to dive into the stablecoin game shows a lot of confidence. Stablecoins are like the steady sailors in the cryptocurrency sea – they’re pegged to regular assets, so they don’t dance around like Bitcoin and Ethereum do.

The Familiar Tale of Stablecoins

Now, you might be wondering, “Hey, haven’t I heard of stablecoins before?” Well, you’re right! They’ve been around for a while, but they haven’t really become popular for everyday payments. Mostly, people have been using them to trade other types of cryptocurrencies, like Bitcoin. Tether and USD Coin are some of the big names in the stablecoin world.

Trying to Launch, Facing Pushback

Big companies like Facebook, which is now Meta, have tried before to introduce stablecoins, but they’ve hit some big roadblocks. Back in 2019, Facebook had big plans for a stablecoin named Libra, but regulators got worried it might mess up the global financial system and put the brakes on the project.

Governments in different parts of the world, like the European Union, have started putting rules in place to keep stablecoins in check. These rules are set to kick in around June 2024, showing that there’s a growing need to figure out how to manage these digital coins.

PayPal’s Brave Move and What It Means

PayPal stepping into the stablecoin arena is kind of like a new kid on the block making a big entrance. It might not be as controversial as what Facebook went through, but it’s definitely caught the attention of the folks in charge of regulations. Ian Katz, who works at Capital Alpha Partners, thinks PayPal’s move will get everyone talking in Capitol Hill and get regulators like the Federal Reserve and the Securities and Exchange Commission buzzing.

Moving Forward Together

Recently, the U.S. House Financial Services Committee started working on a bill that would create a set of rules for stablecoins. They want to make sure that if stablecoins are here to stay, they’re properly regulated. Representative Patrick McHenry, the committee’s Republican chair, sees PayPal’s announcement as a sign that stablecoins could be a key part of how we make payments in the future.

Meet PayPal USD: The New Kid on the Digital Block

So, what’s this new stablecoin from PayPal all about? It’s called PayPal USD, and it’s backed by good old U.S. dollars and short-term U.S. Treasuries. This means that you can trade in your PayPal USD for real dollars anytime you want. But that’s not all – you can also use it to buy other cryptocurrencies that PayPal offers on its platform, like Bitcoin.

The folks at Paxos Trust Co., the company behind this stablecoin, are pretty excited. They took to X (that’s what Twitter is called now) to say that this is a big deal not just for them and PayPal, but for the whole financial world.

More Changes in the Wind: Visa’s Cryptocurrency Move

Remember, PayPal isn’t the only one shaking things up. Visa, the big payment company, announced a while back that they’re cool with using cryptocurrency for transactions on their network. It just goes to show that more and more big players are opening their doors to digital money.

In Conclusion: A New Chapter in Money

PayPal’s jump into the world of stablecoins marks a turning point for digital payments. With changes in regulations and companies like PayPal taking bold steps, stablecoins might soon become a normal part of how we pay for things. As we move forward, get ready for a new kind of financial landscape that’s all about innovation and making your money work for you in the digital age.

Binance approves Shiba Inu as collateral asset

Zach
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0
Binance approves Shiba Inu as collateral asset

In a strategic move to enhance its lending and borrowing services, crypto exchange Binance has recently unveiled the addition of 22 new loanable and collateral assets to its Flexible Loan and VIP Loan offerings. The announcement, made on August 4th, signals Binance’s commitment to providing its users with an even broader array of options within its platform.

Diversified Collateral Assets

Among the new collateral assets introduced by Binance are some notable names that have been making waves in the cryptocurrency market. Notably, Shiba Inu (SHIB), Compound (COMP), and Theta (THETA) have been highlighted as key additions to the platform’s collateral roster. This development not only expands the range of assets available for collateralization but also triggers speculation about the potential listing of Bone ShibaSwap (BONE) tokens on Binance.

The timing of this announcement aligns intriguingly with the imminent launch of Shibarium, a layer-2 blockchain network that is anticipated to debut in August. As the ecosystem around Shiba Inu tokens continues to evolve, Binance’s move to embrace potential collateralization options suggests a willingness to adapt to the dynamic nature of the cryptocurrency landscape.

Loanable Assets Galore

Binance is taking its lending services up a notch by simultaneously introducing 22 cryptocurrencies as loanable collateral assets across its Flexible Loan and VIP Loan services. In a bid to cater to the diverse needs of its user base, the exchange has expanded the scope of its Flexible Loan service to encompass eight new loanable assets. Furthermore, the VIP Loan service has been enriched with an additional six loanable assets, offering users even greater flexibility in managing their crypto assets.

Nem (XEM) Enters the Arena

In a separate development, Binance has introduced Nem (XEM) as a new borrowable asset within its ecosystem. The XEM/USDT trading pair is now supported on Binance’s cross-margin trading platform, providing traders with another avenue to access and utilize the popular cryptocurrency.

Bone ShibaSwap Tokens Gaining Traction

The recent unveiling of Bone ShibaSwap (BONE) tokens on various cryptocurrency exchanges, including OKX, Huobi, and Crypto.com, has been a testament to the growing interest and demand for this emerging asset. As the Shibarium testnet PuppyNet launch garnered attention, BONE’s listing on these prominent platforms serves as a significant step towards establishing its presence within the broader crypto market.

Embracing Change and Expansion

Binance’s continuous efforts to broaden its offerings reflect its commitment to adapt and cater to the evolving needs of its user base. By introducing new collateral and loanable assets, the exchange is positioning itself as a dynamic and responsive platform that enables traders and investors to navigate the crypto landscape with enhanced options and versatility.

As the cryptocurrency market continues to evolve, Binance remains a frontrunner in providing innovative solutions and services that empower users to make the most of their digital assets. The inclusion of a diverse range of assets in its lending and borrowing services underscores Binance’s commitment to fostering growth and facilitating greater participation in the crypto economy.

Everything You Should Know About DigiToads (TOADS)

Krysta
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Everything You Should Know About DigiToads (TOADS)

Over the past several years, the meme coin market has dominated the cryptocurrency arena, but these recently created “currencies” have been severely impacted by the recent bear market. Many have suffered a sharp decline in value, leaving owners with losses and difficult recovery times.

The fundamental cause of this underwhelming performance is that meme currencies, like Dogecoin or Shiba Inu, are typically not intended to be deflationary, lack usefulness, or rely only on speculation. The market is being revolutionized by DigiToads, a freshly created toad-featuring meme currency, whose utility-rich, deflationary, and community-oriented character.

What makes DigiToads distinct?

Play-to-earn (P2E) gaming is a significant feature of DigiToads. The DigiToads ecosystem will include an exciting and entertaining Web3 game in which players will be able to gather, train, and combat DigiToads.

Each of these in-game DigiToads has its own set of characteristics, strengths, and weaknesses, and you may earn them by purchasing, trading, or winning. TOADS, DigiToads’ native money, may be used to purchase things that raise the size, strength, and powers of their DigiToads, giving them a competitive advantage in battles with other players.

How do the users of DigiToads get rewarded?

The top 25% of the leaderboard are given TOADS tokens at the conclusion of each DigiToads game season, which lasts one month. More precisely, players have the opportunity to make real money while enjoying the game since the top 25% of players will split the prize fund, which will get 50% of the money made through in-game item sales.

Furthermore, token holders will receive monthly payouts from the prize pool, with 10% of the funds raised being distributed as an airdrop to token holders.

NFT staking is also incorporated into the DigiToads ecosystem. The staking pool is funded with 2% of each TOADS transaction, ensuring that the community is always rewarded.

Staked NFT holders will get incentives based on the length of time their tokens have been staked.

A 7% tax is applied to every TOADS purchase or sale, with 2% of the amount going directly to the burning address. TOADS are given a deflationary character as a result, and they are able to maintain their bullishness even during the market’s most extreme negative moves.

Even the top-100 currencies are in awe of DigiToads (TOADS), which has emerged as a formidable contender within the cryptocurrency industry in a spectacular demonstration of power and resiliency. This meme coin has grown astonishingly by 400% over the last four months, outpacing the growth of numerous well-known cryptocurrencies. While the cryptocurrency market is sometimes characterized by unpredictability and volatility, DigiToads has overcome the odds and established itself as a genuine contender.

With its practical applications, DigiToads shines as a light of opportunity for investors looking for chances to make large returns. Let’s examine what makes DigiToads a standout performer and the variables that have enabled it to accomplish this remarkable accomplishment.

With a 400% Surge, DigiToads (TOADS) outperforms Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB)

In a stunning demonstration of power, DigiToads has defeated Bitcoin, the first and most well-known cryptocurrency in the world. Even though Bitcoin has an unmatched reputation and market supremacy, investors from all over the world have been interested in DigiToads due to its quick 400% growth in just four months. For those looking for big gains in the cryptocurrency market, DigiToads provides a novel and alluring offering with its cutting-edge tokenomics, vibrant community involvement, and thrilling Play-2-Earn gaming elements. While Bitcoin is still a safe and reputable investment, DigiToads’ outstanding success elevates it to the forefront of the cryptocurrency market.

Ethereum has long been a favorite among crypto fans due to its strong decentralized apps (dApps) ecosystem and smart contract features. But DigiToads’ remarkable increase of 400% in less than four months has made it a legitimate rival to Ethereum’s strength. DigiToads has carved out a special place for itself in the industry with its NFT staking choices, frictionless interoperability, and safe infrastructure. While Ethereum continues to fuel a number of decentralized projects, investors looking for a variety of options are very interested in DigiToads due to its excellent performance and potential for future development.

Similarly. Due to its outstanding performance in a brief period of time, DigiToads is now seen as a serious rival to BNB. With its deflationary token system, DigiToads sets itself apart from Binance Coin’s utility-focused strategy.

Deciphering DigiToads’ Unprecedented 400% Surge: The Secret to Its Meteoric Rise

In the cryptocurrency world, DigiToads (TOADS) has had an astonishing parabolic ascent, with a 400% value increase in less than four months. The currency’s journey began with a presale, which has so far raised an astonishing $6.3 million, establishing its status as the top alternative coin to invest in in 2023.

DigiToads’ price has increased significantly during its presale period; it is currently $0.05. The ongoing development of the project’s many phases demonstrates the unwavering investor trust and growing public interest in it. DigiToads’ strategic approach to tokenomics, which is intended to create scarcity and value, sets it distinct from its rivals.

The fact that there are only 585 million tokens in circulation significantly contributes to the coin’s rising value as demand soars.

The deflationary concept of the token also aids in the coin’s growth. Over time, as a portion of each transaction is burnt and distributed to the NFT staking reward pool, the total number of tokens declines, increasing the value of each token that is still in existence. The devoted community has been crucial in promoting DigiToads, which has increased acceptance and trade volume. DigiToads is now the greatest DeFi crypto, with the ongoing presale in full force and amazing prospects in the distance. DigiToads stands out as a major contender in the cryptocurrency industry given its remarkable successes and quick expansion.

DigiToads has outperformed top-100 cryptocurrencies like Bitcoin, Ethereum, and Binance Coin thanks to an incredible 400% growth in less than four months. Each of these well-known cryptocurrencies has its advantages and is still an important player in the cryptocurrency industry, but DigiToads has emerged as the leader due to its distinctive value proposition, fascinating tokenomics, and cutting-edge features. DigiToads continues to stand out as the top cryptocurrency to invest in this year as investors look for the best chances for sizable returns.

Introducing Welcome to McNuggets Land: A New Metaverse Game from McDonald’s in “The Sandbox”

Krysta
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Introducing Welcome to McNuggets Land: A New Metaverse Game from McDonald’s in “The Sandbox”

Introducing Welcome to McNuggets Land: A New Metaverse Game from McDonald’s in “The Sandbox”

Despite the waning enthusiasm, major companies are still growing in the metaverse. As an illustration, McNuggets Land, an official planet in the Ethereum-based metaverse game The Sandbox, was recently revealed by McDonald’s Hong Kong.

The iconic Chicken McNuggets menu item of the fast food juggernaut is being commemorated with McNuggets Land, a lively gaming setting that has anthropomorphized nugget characters, dipping sauce-inspired décor, and playable missions with both traditional and blockchain-based rewards.

The fast food corporation’s Hong Kong subsidiary started the game, although it is playable anywhere in the world. Up to August 28th, the location will be active in The Sandbox.

Some awards, such as free meal vouchers redeemable at nearby McDonald’s restaurants, are only available to players who are based in Hong Kong, while other prizes, such as in-game products based on NFT and SAND crypto tokens, are available to all players.

In a press statement, McDonald’s Hong Kong CEO Randy Lai stated, “With 48 years of roots in Hong Kong, McDonald’s has always aimed to create creative experiences and pleasant moments. We are thrilled to work with The Sandbox to provide our consumers a fun-filled Web3 metaverse gaming experience with a McDonald’s theme.

It’s not the first time McDonald’s has experimented with Web3. While the company’s primary American division unveiled McRib-inspired NFTs in November 2021, McDonald’s France introduced Big Mac-inspired NFT artwork in April 2021.

Collaborations with well-known companies are customary for The Sandbox. Adidas, Gucci, Snoop Dogg, The Walking Dead, Ubisoft, Warner Music Group, and many more brands have already joined the metaverse gaming environment, which is built on user-owned NFT land plots that can be personalized and traded.

FIFA registers trademarks connected to the metaverse

Krysta
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FIFA registers trademarks connected to the metaverse

As part of its “WE ARE” campaign, FIFA, the world’s governing body of soccer, has filed trademark applications pertaining to the metaverse.

The Federation Internationale de Football Association (FIFA) has applied for trademarks in nine more categories, demonstrating its growing interest in virtual reality (VR).

The recently made public trademarks underscore FIFA’s increased emphasis on leveraging VR in gaming, fashion, and entertainment, which intellectual property lawyer Mike Kondoudis posted on Twitter.

Source from: Twitter

A wide range of prospective online services are protected by trademarks. They cover a wide range of possibilities, from individualized fitness coaching sessions to mesmerizing laser displays, live musical performances, and even sports event broadcasting.

The papers also cover the sale of virtual sports gear and accessories for use in these online environments.

The construction of a virtual reproduction of Qatar’s Lusail Stadium, which was built specifically for the World Cup, was one of FIFA’s first forays into the metaverse. This allowed spectators to watch the event from the comfort of their homes.

The 2022 FIFA World Cup organizers worked with the metaverse platform Upland in partnership with the upscale Swiss watchmaker Hublot to create distinctive virtual experiences and digital assets.

A brand-new, immersive fan interaction software called Phygtlis has also been released by FIFA. Through an immersive game experience, fans may relive their most memorable World Cup experiences.

FIFA has launched projects incorporating non-fungible tokens (NFTs), creating “FIFA+Collect” in partnership with Algorand’s blockchain technology, in an effort to more firmly define its digital goals.

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