Crypto

Post Views: 13 Brands and creators will be able to create NFTs with ease and enjoy low-fee, high-speed transactions, and anti-counterfeiting measures DUBAI, UAE / ACCESSWIRE / September 17, 2021 / Polygon, an Ethereum scaling platform onboarding millions to Web 3.0, has today announced a technology partnership with Guardian Link, a no-code platform to create and launch curated non-fungible tokens (NFTs). The partnership aims to galvanize broader participation in the NFT sector by enabling creators to devise their own ‘branded’ NFT marketplaces and launches without prohibitive transaction fees or extensive code. Guardian Link empowers brands and creators to easily publish, mint, preview, and manage their NFTs, and provides custom templates and pre-coded smart contracts for brands looking to launch from their own bespoke marketplaces. Users enjoy a range of advanced features, such as automate royalty payments and Guardian Link’s proprietary anti-counterfeiting measure, which automatically hunts down counterfeit NFT copies and informs creators. Counterfeiting is a latent but consequential issue in the NFT sector and one that needs solving before mainstream adoption can take root. Guardian Link’s “Anti. Rip” counterfeiting tracker provides brands and creators with protection and peace of mind by monitoring across the web for duplicates, rip-offs, and copy-cats NFTs that can damage brands and impact sales. Through the partnership, Guardian Link users will gain the benefits of Polygon’s industry-leading technology, which builds and connects Ethereum-compatible blockchain networks. Polygon’s framework is designed to regulate an environment where various blockchain networks function cohesively rather than as closed-off silos. The powers behind this technology are, Keyur Patel, the Co-Founder and Chairman of Guardian Link, Ramkumar Subramaniam, Co-Founder & CEO, Arjun Reddy Co-Founder & CTO, Kamesh Elangovan Co-Founder & COO. “Our mission is to make NFTs a global market that can be accessed and created by anyone. We’ve taken the first step toward this goal by removing technical barriers to entry through our no-code platform. Now, through our partnership with Polygon, we’ll remove the financial obstacles too, by mitigating costly transaction fees” says Ramkumar Subramaniam, CEO of Guardian Link. By combining their strengths, Polygon and Guardian Link will be able to provide brands and creators worldwide a prime arena to explore NFT opportunities. Guardian Link’s legitimacy framework and Polygon’s scalability will ensure the authenticity and practicability of NFTs across multiple marketplaces and blockchains. Shreyansh Singh, Head of NFTs and Gaming at Polygon Studios, said: “You no longer need to be an expert coder to get the full advantage of creating NFTs. You no longer have to pay exorbitant fees to sell your NFTs or wait for transactions to settle. Guardian Link on Polygon takes care of all the hard work so that brands and creators can focus on their craft, secure in the knowledge that their work and royalties are protected and not subject to excessive fees.” “With the barriers to entry now substantially lowered by our partnership, we anticipate an explosion of brands and creators embracing the NFT revolution,” Shreyansh added. Polygon is facilitating gas-free buying, trading, and selling for the world’s leading NFT projects, including Crypto Punks, Bored Aped Yacht Club, Beeple, Dolce & Gabbana, OpenSea, Axie Infinity, DraftKings, Autograph, and Mark Cuban’s Lazy.com. Polygon houses substantially more gaming and NFT Dapps than other chains outside of Ethereum, with more than 500 Dapps already in the Polygon ecosystem, strengthening the case for Polygon to become the plumbing of the “metaverse”. Polygon also boasts over 60 million unique users and has facilitated more than 600 million transactions, both of which are growing at a rapid pace. About PolygonPolygon is the leading platform for Ethereum scaling and infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions: L2 solutions (ZK Rollups and Optimistic Rollups), sidechains, hybrid solutions, stand-alone and enterprise chains, data availability solutions, and more. Polygon’s scaling solutions have seen widespread adoption with 500+ applications hosted, ~600M total transactions processed, ~60M unique user addresses, and $5B+ in assets secured. Website | Twitter | Ecosystem Twitter | Studios Twitter | Reddit | Discord | Telegram | Instagram About Polygon StudiosPolygon Studios is the Gaming and NFT arm of Polygon focused on growing the global Blockchain Gaming and NFT Industry and bridging the gap between Web 2 and Web 3 gaming through investment, marketing, and developer support. The Polygon Studios ecosystem comprises highly loved games and NFT Dapps like OpenSea, Upshot, Aavegotchi, Zed Run, Skyweaver by Horizon Games, Decentraland, Megacryptopolis, Neon District, Cometh, and Decentral Games.If you’re a game developer, builder or NFT creator looking to join the Polygon Studios ecosystem, get started here. Website | Twitter | Telegram About Guardian LinkGuardianLink, a no-code NFT (Non-Fungible Token) platform, enables creators, artists, brands, and celebrities worldwide, to mould their NFTs with their own launchpads. For more information, please visit; https://www.guardianlink.io/ Website | Twitter | Discord | Telegram For more information, please contact:Pedro ParkCryptoland PR |http://cryptolandpr.com/[email protected][email protected]

This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. Regulatory noiseIn this week’s column, the Man in Shanghai is determined to squeeze all of the regulatory noise into one section so as not to waste too much of your time. Let’s begin. It wasn’t much, just a warning from the Hebei Provincial government that it would put an end to cryptocurrency mining in the region. This is largely a non-story since it’s essentially just a restatement of a national-level policy that went into effect months ago. Hebei was never much of a mining stronghold anyway, so the announcement is more procedural than anything else. Mining operations will continue to move overseas while China goes through its unified push to become carbon neutral. For reference, China has 23 provinces, and close to half have already restated their commitment to the national policy of not tolerating cryptocurrency mining.The Securities Times, a state-owned publication, ran a story to warn the public about the bubble surrounding nonfungible tokens, or NFTs. This Shenzhen-based publication questioned the real economic value of NFTs, a topic that many of us have wondered about at times. Still, the suspicion hasn’t stopped the trend from spilling into less mainstream art circles, where NFT and metaverse-related events are becoming more and more popular.Selling shovels in a gold rushWhile mining in China might be difficult, manufacturing mining machines continues to be profitable. Canaan, one of the world’s largest manufacturers of cryptocurrency mining hardware, announced its highest quarterly profits to date. The company’s Q2 financials show that the company recorded over $167.5 million in total net revenue. This was likely driven by the sharp increase in prices this spring, leading to an aggressive expansion of mining facilities across the world. The next round of quarterly financials will tell a deeper story, as investors learn how badly China’s aggressive regulations have hurt the industry. Zhang Nangeng, Chairman and Chief Executive Officer of Canaan said:​​“We delivered a remarkable performance in the second quarter of 2021. Despite unexpected regulatory policy dynamics and Bitcoin price volatility, we achieved record-high topline results as we delivered a robust 5.9 million Thash/s of computing power to our clients.”Rounding up the trading spaceVolume remained mostly flat on exchanges like Huobi and OKEx, as it has for the last 12 weeks. The last major spike came during the sell-off in early May, around the time Chinese regulators began their crackdown. Over this time, FTX has seen a strong increase in volume, suggesting that some Chinese users might be connecting to exchanges that haven’t been dominant players in the Chinese trading space. FIL remains popular on Huobi, finishing in the top five on Thursday’s 24-hr volume chart. This token has maintained popularity among traders in China, despite being about 50% below its all-time high from earlier this year. ADA, SOL, and DOT were assets that showed up high on OKEx volume charts, which mirrored global volume distributions. Speaking of Solana, Chinese users on Weibo reacted strongly to the network going offline on Wednesday, with some criticizing the network’s decentralization. A discussion broke out about whether Ethereum’s early technical issues were comparable to this event, proving that Solana and Ethereum maxis will disagree in any culture, regardless of the language.Unleashing the eCNYThe central bank digital currency created by the Chinese federal bank is now being pushed out even further, as popular app Meituan is offering roughly $1.50 in eCNY (digital yuan) to users who open a ‘digital wallet’ and use its services.Meituan is most widely known for its bright yellow food delivery service and shared bikes, which can be found on most city streets. The campaign is meant to encourage low-carbon living and is open to nine pilot cities, including Beijing, Shanghai, Shenzhen and Chengdu. The wallet interface is minimalist and allows users to convert, deposit, and transfer the eCNY The eCNY, which was originally positioned as more of an institutional remittance tool for commercial banks, is now being pushed towards retail users aggressively. Already, large franchises like McDonald’s and Zara display eCNY payment signs at point-of-sale counters across the country. The current digital payment space is dominated by WeChat Pay and Alipay, but those two will likely have a hard time holding control of market share if the central government is interested in forcing eCNY into competing applications.  Ironically, Meituan has a special role in Chinese cryptocurrency meme culture. Token holders often joke they will be forced to work in food delivery whenever the market crashes, leading to the meme below. Meituan’s iconic delivery drivers are the source of many crypto-related memes during a market crash. At the end of March, Meituan revealed it had around 570 million users. Other financial apps, including banking apps, have already integrated wallet services into their products. 

Cryptocurrency has been booming in the pandemic. This has caused the price floor of major coins to be more volatile than they have ever been which has had a huge impact on global finance. The pandemic robbed people of their jobs and some have received pay cuts and this has led people to look for ways to make passive money and crypto is the best option for that. NFT’s in the crypto world can be compared to an auction in our real world. With each day getting more and more closer to digitalisation, these Non-Fungible Tokens (NFTs) also have turned from the narrow niche of pursuits into a straight-up global obsession. Calypso Market is an upcoming NFT marketplace for the Binance smart chain. Calypso introduces one of a kind NFTs which can be purchased using $CYO Introducing Supermoon The Supermoon ecosystem has recognised the rise in crypto and has come with a huge project to bridge the gap between centralised and decentralised economies by providing essential financial tools. Apart from having a platform for finance, what is necessary for a relatively new age of digital coins is a community. Supermoon focuses on creating a community for social networking of crypto enthusiasts and experts. It has also brought in entertainment opportunities and formulas for wealth generation. Supermoon also supports charities and other causes, one of which is space exploration projects. What is Calypso? Calypso is described as support currency in the Supermoon Lunar-system. Calypso’s main purpose is to undertake all NFT related aspects of Supermoon, this includes being the central currency at the heart of the Claypso-Market NFT Marketplace, allowing users to mint NFT’s using Calypso. While doing this, Calypso also rewards it’s holders with passive BNB dividends and feeds back into Supermoon through automatic buys which help create a continuously rising price-floor for the Mother token. Benefits of Calypso Calypso is developed by an expert team that has been in the business for years. It is fully Doxxed and the team does not own any team tokens. Along with receiving static rewards in BNB, the Calypso token holders also receive through automatic buy-back policy which is built into the contract. Every single buy/purchase on the platform is taxed 12% and every single sale is taxed 15%. A portion of those taxes is distributed to all the members holding the token. Since the tax on selling is higher than the tax on buying, every time a sale happens, crypto holders get more benefits with BNB dividends. Every time a sell happens, the buyback process automatically buys back Calypso tokens. For every sell order, there will be a buy order. Calypso Whitepaper:https://supermoon.finance/wp-content/uploads/2021/08/Calypso-Whitepaper-V2.pdf To know more about supermoon and calypso, visit: https://supermoon.finance/calypso Supermoonhttps://t.me/OfficialSupermooninfo@supermoon.finance

The pandemic has put hundreds of thousands of businesses out of action, saw others fold and decimated great swathes of the economy. But, crypto thrived in this distributed environment. As the world clamped down and everyone was forced to decentralize, the crypto world shone.Perhaps crypto, born of a crisis, is most at home in one. Working from home is where we all have spent most of this crisis.Gaurang Tovekar is the CEO and co-founder at Indorse, a blockchain-powered enterprise SaaS platform. He says the company was perfectly placed to ride out the upheaval as the entire team has never been in the same physical location since the company’s inception.“Although the pandemic accelerated remote work and the adoption of decentralization in the workforce globally on an unprecedented scale, it was already a norm within the crypto industry well before the pandemic struck.”He points out that although the company once had offices in Singapore and London, he’d already swapped them out for hot desks in co-working spaces before the pandemic.“That way, those of us who want to meet up once or twice a week and bond socially can still do so in the office while working from home the majority of the time.“We have adapted our work styles and got used to this new normal in the last year and a half. I am sure that we as a company will not lease swanky office spaces any time soon, but rather provide better flexibility and other perks that make working from home more pleasurable for our team,” he concludes.  7) I’m (in)famous for playing League of Legends while on phone calls.I’ll also try to avoid restarting my RAM if possible.One side advantage of the bean bags: if I sleep in the office, my mind stays in work mode, and I don’t have to reload everything the next day. pic.twitter.com/AKlQm7wneI— SBF (@SBF_FTX) February 4, 2021 Office as a luxury?Stefan Rust, the former CEO of Bitcoin.com and now CEO and co-founder of Sonic Capital, is taking a different approach to remote working. He’s just signed a lease on a “swanky office” in Hong Kong – but at a substantial discount. He intends to use this real estate luxury as a perk to benefit his mostly remote workforce.“I plan on creating large open plan spaces with sofas, TVs, screens and hot desks. I want people to be able to come in and relax, enjoy time with their co-workers, conduct meetings or just chill. The new office has to be a place where people want to come — it’s about choice,” explains Rust.So, perhaps as pandemic restrictions wind back, an office will be seen as a luxury perk for tech and crypto companies, a central clubhouse that people use how and when they want.Ramadan Ameen, CFO for privacy startup Panther Protocol, reflects that his international team was put in place during the pandemic in Jan. 2021. Not only has his team never all been in the one location, but the majority of the twenty staff also have never met each other in person. For Ameen, a team meetup and bonding session are significantly ahead of company offices, for now.“The co-founders have met, but the team is spread out across North and South America, Asia and Europe. We are looking forward to a team meetup in the fall, depending on Covid restrictions. Right now, our choices are limited, so we are still deciding among a few central locations.”    Zoom zoomFor the Unique.network, a next-generation NFT chain for Polkadot and Kusama ecosystems, the lockdown was very positive. CEO Alex Mitrovic says his dispersed team put their collective heads down and just worked on the project. They entered a major Hackathon on Kusama to “build a blockchain” back in January 2020 and won. That set them up for earning more Web 3.0 Foundation grants before being accepted into the accelerator program run by Jamie Burke, CEO of Outlier Ventures, at the start of this year.“Having an internationally dispersed team is normal for me, lockdown just made it tighter,” he says. “People, often limited to restricted locations, wanted to connect and so we made it work.“The fact that, as lockdown proceeded, we re-entered a bull run didn’t hurt at all.”One thing that unites remote workers in crypto is their passion and commitment to the industry Mitrovich says.“To work remotely often requires a degree of self-motivation and discipline. These are the very hallmarks of people in this space. And everyone gets the decentralized approach — it is part of the territory.”Mitrovich says that remote work also offers a world of options for skilled workers in the blockchain sector.“People have more choices,” he says. “If they don’t like someone or something, they can leave and move on. They might be restricted in geography but not in choices. I like to quote Jamie when he says Outliers operates a ‘no jerk policy’ which cracks me up but which is also very cool.“I see my team blossoming in this lockdown. They are more honest about what they can and cannot do. And it’s my role as CEO to support them. No more top-down management, it’s all about consensus.”    The etiquette of ZoomMitrovich feels that since the entire world first went into lockdown, people have been looking for ways to connect. Moreover, it had the feeling of democratizing the new workplace — the home — since few were still working out of boardrooms and offices.“It didn’t matter where you were, everyone was reduced to a zoom screen,” he says.Interestingly, he says fewer people are late for meetings anymore.“I’ve done 1000s of video calls and everyone turns up on time – it’s like a mark of respect. No one has to travel of course and so it’s easier to be punctual,” he says.Cultural differences in approaches to video calls have become apparent as Mitrovich raises funds and speaks with investors across Asia.“I have never asked but Asian people tend to keep their videos off, whereas Western people leave theirs on. Maybe it’s because accessing videos from China for example requires…

To read Part 1 of “How to prepare for the end of the bull run,” click here.So, you’ve made a million bucks this cycle and you’re trying to work out how to transform those life-changing gains into money in the real world before the inevitable crash. But at the same time, you don’t want to sell now and miss out on potential upside. So, what should you do?For Quantum Economics founder Mati Greenspan, the answer is simple: Be optimistic. He’s not an advocate of trying to time the market.“As somebody who has been trading my entire life — I mean, way before cryptocurrencies — you’ll find that it always pays to be optimistic, and pulling out your money from the market has almost never been a good long-term strategy. Not for any market over almost any time frame.”Greenspan points out that even those few people who bought Bitcoin at the top of the 2017 bull run are up 250% just three and a half years later.“Anybody who was wise enough to foresee the crypto winter and took all of their money out, when do you get back in? Nobody can time the markets to a T. The best we can do is to kind of figure out, given the information that we have, what are the best investments to make over time.” Quantum Economics founder Mati Greenspan.  No one can predict the topUnlike Decentrader analysts Filbfilb and Philip Swift in Part 1, Greenspan doesn’t believe it’s possible to use on-chain indicators to accurately foresee the end of a bull run. He warns that unexpected events like bad regulatory news from China or a tweet from Elon Musk can occur at any moment, sending markets into bear mode.Filbfilb says that this is why good traders don’t just look at one type of data but consider on-chain analysis in the context of sentiment, cyclical data, technical analysis and everything else to gauge where the market is headed.“If you’re sort of sitting around waiting for some on-chain analysis to tell you the answer, and we have a black swan event, you’re not going to do anything about it in time,” says Filbfilb. He adds that even black swan events don’t present major issues for sophisticated traders, pointing out that the March 2020 “Black Thursday” crash had been foreshadowed for weeks:“If that kind of thing were to happen again, as a trader myself, I would have enough time to take action. I’m in and out of the market all the time.”“For me, it’s a much more fluid situation. I’ve got other tools, like I know how to hedge. I’ve got other different ways of managing risk, which means I don’t necessarily have to sell my Bitcoin in order to get myself into a position where I can cover any downside risk.”Needless to say, it takes a lot of hard work, time and training to be able to play the market like Filbfilb. What about the rest of us?Filbfilb recommends taking enough profit to keep yourself happy in the downturn. “If you’ve made life-changing money, consider changing your life a little bit now. For me, I personally have done that — I’ve taken some money off the table,” he says.“What that’s allowed me to do is to sort of be able to hold on for the rest of the cycle, potentially to much higher prices.”  Scott Melker is the Wolf of All Streets. Profit from profit-takingScott Melker, also known as “The Wolf of All Streets,” agrees that taking profits on your trades all the way up is the key to success, whether at predetermined levels or more randomly. “People should be taking profit on the way up just as you should be dollar-cost averaging into an asset on the way down,” he says.“I’m a firm believer that once your investment has doubled, take your initial investment off the table. So, if it was $100,000, now you’ve got $100,000 to play with, and you have absolutely no risk.”This has the added benefit of reducing the chance that you’ll make a big mistake by selling too early, too late or too much, when you believe the top has arrived.“You know, when you’re taking profits, every time you sell something you’re taking the pressure off your future decisions. Which is mentally a very good place to be.”He adds, however, that you are allowed to have diamond hands with your high-conviction, long-term holds. “I buy Bitcoin for my kids — I am not worried about cycles,” he says.     The constant process of adjustmentGreenspan’s approach is to take profits when he needs the money, and he switches his allocations from coins that have had a big run-up to newer projects he believes will perform better in the future. He tends to take profits 10% at a time at various stages — back in Bitcoin or to cycle into new investments.“You can limit the downside in your portfolio while maintaining upside potential through diversification,” he says.While he’s not convinced it’s even possible to identify the market’s top when it occurs, he points out that it’s usually fairly obvious when you are in a bear market or bull market — so, you should act accordingly.“Prices are going down, and they’re expected to go down: That’s the time to reduce exposure. I don’t see any reason to try and pinpoint the top,” he says.“We can recognize when we’re in a bear market — that’s the time to hunker down. So, take things in, consolidate your portfolio, take off the leveraged bets,” he adds.  this JPEG of a tulip is selling for $3.2 million pic.twitter.com/7ppboKsBwO— Turner Novak 🍌🧢 (@TurnerNovak) August 29, 2021  Having witnessed the end of the 2017 bull market, Melker says that peak euphoria and overly bullish sentiment from retail newcomers are the most reliable top signals.“Sentiment will be a better indication than charts,” he says. “We saw it in 2017 when people who have never heard of crypto before and still don’t understand it are telling you how they need to buy it.”He recalls a friend’s nanny…

Chainlink emerged as one of the best cryptocurrency performers on Sept. 6 as the price of its LINK token jumped 8.25% against the U.S. dollar.The LINK/USD exchange rate reached $36.35 for the first time since May 20, months after bottoming out near $13.45 — thus recovering by more than 170% altogether. At the same time, its recent bout of buying saw prices bringing in about 36% month-to-date returns.Ecosystem growthOptimism Ethereum announced on Sept. 1 that it had integrated Chainlink’s market-leading decentralized oracle solutions to its Ethereum layer-two services. As a result, LINK — which serves as a payment and staking token inside the Chainlink ecosystem — rose by 36% on the prospects of seeing higher interim demand from Chainlink users.The same fundamentals previously assisted LINK investors in closing 2020 at a 540% profit.A booming decentralized finance (DeFi) space and its dependency on Chainlink to secure live data feeds pushed demand for LINK higher among users and speculators alike. As a result, Chainlink’s market share in the DeFi reached 80% at one point in time, reported ZDNet.How Chainlink works. Source: ChainlinkLINK continued its climb in the first quarter of 2021, surging 161%, but followed the upside boom with a disappointing second quarter after falling 37%. Its losses came in the wake of an overall correction trend across top cryptocurrency tokens, including Bitcoin (BTC) and Ether (ETH).Yuriy Mazur, head of data analytics at crypto exchange CEX.IO, said LINK could climb above $50 in the coming three weeks. The analyst cited Chainlink’s partnership with over 76 new projects in August as one of the primary bullish indicators for its native token. He told Cointelegraph:”This relevance has perhaps boosted LINK accumulation to access the Chainlink offerings. As a result, spot traders appear ambitious to stir the price growth until LINK/USD retests the previous all-time high of $52.”But for Stephen Tuttle, a financial analyst at Seeking Alpha, the next big upside target for Chainlink’s token sits near $65.Tuttle noted that traders have allocated all their attention to Ether due to its principal involvement in the booming nonfungible token (NFT) space. As a result, he anticipated a capital reallocation after the ETH price rally tops out, which would be extremely beneficial to the LINK market.”If Chainlink can once again reach 0.02 Eth per Link, at Ethereum’s current price, this would place the Link token at about $65, or a 2.6x increase from its current price of $25.”At the time of writing, the LINK/ETH rate was 0.009 ETH.Broadening wedge alert!LINK’s latest price rally also surfaced in the wake of an overall crypto boom, with Bitcoin retaking $51,000 and Ether rising toward $4,000. Crypto traders raised their bids across the board, anticipating that the Federal Reserve would delay its taper plans after two disappointing U.S. jobs reports last week.Related: Chainlink (LINK) looks for momentum while pro traders target $40As a result, LINK’s market bias remains highly correlated to top coins. Atop that, there are hints that the token is seeing the formation of a bearish reversal indicator, as highlighted in the chart below.LINK/USD daily price chart. Source: TradingViewDubbed an “ascending broadening wedge,” the indicator showcases two rising bullish trendlines that deviate from one another. The pattern does not warrant buying exhaustion but points to sellers’ ambition to take over each time the price touches the upper trendline.As a result, LINK/USD still holds the potential of undergoing a large pullback toward the lower wedge trendline (around $28). Nonetheless, bears would need to close below $37.96, the 50% Fibonacci level of the Fibonacci retracement graph drawn from the $52.32 swing high and $13.61 swing low. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

What is Daikokuten Sama Finance?  Daikokuten Sama Finance is an initiative supporting global financial growth and wellbeing with a community-driven approach. It has aimed to empower each and everyone associated with it to be in control of their money and make progressive decisions for their future. With the context of focus being financial independence by What is Daikokuten Sama Finance?  Daikokuten Sama Finance is an initiative supporting global financial growth and wellbeing with a community-driven approach. It has aimed to empower each and everyone associated with it to be in control of their money and make progressive decisions for their future. With the context of focus being financial independence by paving ways to create wealth opportunities.  The $DKKS is a deflationary token that has a 10% tax on every sale.  The problems in today’s finance The pandemic has robbed people of their jobs and many are receiving pay cuts without incentives. As we are in the middle of an economic crisis, we have to look forward to a proactive solution that will sustain the technology of the future. There is a need to bring in passive income streams and dynamically invest for the future.  The solution by Daikokuten Sama  Daikokten Sama ($DKKS) was launched in August 2021, with an intention to provide people with passive income to get them through this financial dip. This project will help people be financially independent and will help them exercise self-control. Being a symbolism of the God of Luck who is also the leader of the 7 Japanese Gods, Daikokuten Sama finance is set to do something really good.  Features of Daikokuten Finance Marketplace In the inbuilt marketplace of Daikokuten Finance, people can use $DKKS to purchase goods and services.  Education  The community will also get free educational content with high quality.  Finance  The finance platform of Daikokuten Finance is a place to trade and swap coins and tokens. There are also flash loans, staking and NFTs.  It also rewards weekly and monthly with the Daikokuten lottery. The company has also partnered with sports and music channels. There is a built-in platform to play games and earn NFTs.  To know more about Daikokuten, visit: https://www.daikokuten.finance/ Join their Telegram Community – https://t.me/dkks_news 

Proof-of-stake protocols were designed to encourage users to lock up their coins, but synthetic assets are circumventing that design to allow double-dipping in DeFi. One of Forbes’ 30 Under 30 in Asia, Tushar Aggarwal wears many hats: He started the crypto podcast Decrypt Asia, works as a venture scout with LuneX Ventures, and runs Persistence, a platform that lets users earn liquidity rewards while they stake coins. Aggarwal’s platform issues synthetic assets, perhaps better understood as “redemption coupons,” for staked coins that can be used elsewhere to maximize returns. This method is relevant for proof-of-stake coins, which are not machine-mined but accumulate to those who lock their tokens away from circulation. Persistence allows these staked coins to be used regardless.Originally from India, Aggarwal believes that cryptocurrency holds great things in store for the nation on both the GDP and individual worker levels. However, he works from Singapore due to the Indian government’s hostility toward the industry from which it could so greatly benefit.  Liquid stakingAggarwal, aged 28, started his journey in crypto as an investor in 2017, soon founding and hosting the Decrypt Asia podcast where he interviewed “all kinds of players in the ecosystem — fund managers, investors, entrepreneurs and service providers.” The podcast worked as a springboard of sorts, opening up opportunities to write about the cryptocurrency revolution for Tech in Asia, “the equivalent of TechCrunch in the West.” Aggarwal was an authority.In 2018, he was contacted by a venture capitalist who had come across his writings and podcast. The VC sought advice on behalf of his firm, Golden Gate Ventures, which was looking to set up a crypto fund. “I basically asked them for a job on the spot and became the first employee for the crypto fund of Golden Gate — that fund is called LuneX Ventures,” he recalls. Aggarwal still serves as a venture scout for the fund, which he describes as the “only regulated crypto fund of a VC fund in Southeast Asia.”He founded the Persistence platform in 2019 after a string of hackathons because “I wanted to move over to being an operator, as opposed to a capital allocator.”  Source: pSTAKE The platform’s functions are based on the Tendermint algorithm, meaning that it accepts proof-of-stake coins such as Persistence, REN, LUNA, CRO, IRIS, BAND, and KAVA. The magic is that even after being staked, synthetic assets based on the coins can be deposited as liquidity to a decentralized exchange to earn fees while the original coins are still “staked in the background, earning you staking rewards as well.”“We’re allowing you to stake in one place but issuing you a representative coin that you can use in other places.”“Liquid staking” is thus an appropriate descriptor, seeing as both liquidity provision and staking are combined. This process is beneficial because the tokenholder does not have to take a chance on either liquidity fees or staking, providing a higher yield on their capital. While the “original” coins are staked, the representative coins used to provide liquidity are 100% backed by the staked assets, meaning that “whoever ends up holding the representative coin then will ultimately get access” to the underlying asset. “Liquid staking is something that basically addresses the problems of whatever 10,000–100,000 folks who hold proof-of-stake coins and are familiar with how staking works.”Golden yearsThough he describes his parents as normal middle-class Indian civil servants, Aggarwal spent five years of his teens on the foothills of the Himalayas with “kids of really powerful politicians and folks who run corporate India.” The Doon School is “the Eton of India, which has produced prime ministers, army chiefs, journalists, movie stars, government officials, businessmen,” he explains, comparing his school to the famous British boarding school with a similar reputation. As the school was founded when India was still a British colony, “it espouses a lot of those ideals still which might be a little bit ancient from today’s perspective,” Aggarwal muses. In 2010 he headed to Nanyang Technological University in Singapore, “which is, I think, one of the top five universities in Asia,” where he studied business administration under an arrangement where he promised to stay in the country for three years after graduating in exchange for a 60% reduction of tuition fees. Aggarwal explains that this bond arrangement was part of a “policy that Singapore had in place to attract talent from very young ages” — a successful policy, seeing as Aggarwal has not returned to live in India.Graduating in 2013, he worked in private equity at PwC for two years before moving to Sia Partners, a French boutique consultancy specializing in financial services. That role saw him spend time in Hong Kong, Malaysia and Thailand while working with the private banking departments of European banks operating in the region.  A monumental achievement: We’ve exceeded $2,000,000 in #TVL! 🚀🦾 Take advantage of our 0% wrapping and service fees. @Cosmos & #Ethereum #DeFi is taking off!🌐 Liquid staking awaits here: https://t.co/ubfqwuGNDr pic.twitter.com/OSMt0UMRKh— pSTAKE Finance (@pStakeFinance) August 21, 2021 Working as a traveling consultant meant the bulk of Aggarwal’s everyday expenses were covered by his employer, giving him ample savings to sock away. “It’s a very Indian and Middle Eastern thing to do — where every penny that you save up, you put into gold or real estate — and that’s what I did,” just as his parents had taught him. Instead of buying apartments, which “have only so much room to grow,” he looked at the bigger, long-term picture and focused on land itself.After selling some property in late 2016, Aggarwal considered new avenues of investment. He first looked into angel investing but soon “came across crypto and basically just went all in.” He says that he was at the right place at the right time, explaining that “crypto was super hot in Singapore” when he invested in 2017, before listing off multiple projects from the time such as Republic Protocol, OmiseGo, and Kyber Network. He was fortunate with his timing, gaining financial independence in only a few short months.“By the end of 2017, I had…

Whether working in visual innovation or merely acting as a reporter, I’ve made a career out of diving headfirst into ideas that I know nothing about.The fresher, more complex the puzzle to be solved, the more I dig into it, going from unknown to known. And if I’m lucky, I’m gifted a day-long adrenaline rush and some unusual dreams in return for my services.When I was starting out, I worked as a breaking news journalist — a job that had me writing up to six news stories a day. On top of that, the pressure to catch every word in a presidential press briefing, for example, can be mind-bendingly intense and require such inconceivable attention. The only comparison I could draw would be day trading cryptocurrencies.And like crypto, my work would often visit me late into the night. Once in bed, I’d feel a cursor blinking just beyond my peripheral vision, or I’d see foggy headlines being written and rewritten so that they didn’t bust through their character limits. “U.S. president seeks deal with Iran on….” Delete, delete, delete. “President calls for trust with Iran on…” Was I asleep? Was I whispering to myself? The questions were the same then as they are now.Even picking up a box of cereal at the grocery store during that time could trigger feelings of computer keys being smooshed between my fingers.As I learned back then, what I was experiencing had ties to the so-called “Tetris effect.”You see, when Tetris was released in the 1980s, people were so hooked on Russian-American engineer Alexey Pajitnov’s video game that they’d see and hear it in everything they did.One writer for Wired in the early 1990s even called the game a “pharmatronic” in reference to its addictive powers.Journalist Jeffrey Goldsmith wrote of playing the game: “Days, I sat on a lavender suede sofa and played Tetris furiously. During rare jaunts from the house, I visually fit cars and trees and people together.”Sound familiar? Seeing crypto candlesticks, anyone?Pajitnov told Wired: “You can’t imagine. I couldn’t finish the prototype! I started to play and never had time to finish the code. People kept playing, playing, playing. My best friend said, ‘I can’t live with your Tetris anymore.’”Tetris dreams became widespread fodder for conversation among gamers and psychologists alike. In fact, psychiatry professor Robert Stickgold and colleagues of his at Harvard Medical School found that of those they trained to play the game, more than 60% reported dreaming of images associated with it.Stickgold argued that these Tetris dreams were simply part of how human beings process information from our waking hours.Tetris has also been linked to the “flow state,” the name given to the groove you achieve when you focus so heavily on a goal that the world around you melts away.Kerr agrees that the crypto visions I had, mostly late at night, sound like the Tetris effect. But he’s quick to point out that our brains will gravitate toward puzzles, no matter what they are.“We are natural problem solvers. And crypto is like a big puzzle in some ways. Dreaming has been linked to problem-solving abilities. And crypto is a problem we want to solve and get right and make money from,” Kerr says.

If you thought remote work was game-changing, wait until video game work gains traction. Blockchain-based NFT games such as Axie Infinity and Splinterlands have demonstrated that a play-to-earn business model has the potential to revolutionize the gaming industry.Pandora’s box has been opened, so to speak, and play-to-earn is here to stay. There are already people logging on to an online video game to spend their days earning a living. In this piece, we will explore what a world where earning income through video games is the norm will look like.After Venezuela endured cataclysmic hyperinflation, it left individuals working minimum wage jobs and earning an unsustainable $5 dollars a month. However, in the wise words of Jeff Goldblum, “life finds a way.” Individuals had devised a means to earn a living through playing the video game RuneScape (OS).This was achieved in a form of in-game labor — gold farming — where users would play the game to extract various items to sell to users for United States dollars. This happened despite the RuneScape developers Jagex forbidding any form of transaction of digital items for real-world currency.    It was a controversial practice and some RuneScape players thought farmers were simply exploiting the game without contributing anything to the community. This led to them PK’ing (player-killing) players they thought were farmers. Which in turn, opened up a new earning opportunity to provide security to these player’s farming accounts. This perfectly exemplifies how new job markets can snowball. Venezuelan players were able to provide a living for themselves, and there were even some media reports of players earning more than local doctors.  Gold farming meme from Reddit. (Source: Reddit) Economies emergingAs long as in-game transactions can happen between players, users will attempt to exploit this by buying items with real-world money. For the integrity of the game, it is not in the best interests of developers to allow individuals to pay to win, as it provides an unfair advantage to users with the most disposable income.However, the fact that digital items are gaining such value and new “jobs” are being created may lead to an all-out gold rush (pun intended). It parallels the emergence of the internet and the avalanche of developer jobs that brought with it.Blockchain gaming is still very new and if job markets can develop in games that weren’t designed for them, one can only imagine the possibilities found within games designed to allow economies and job markets to function properly.These new markets will need to be drastically different from what was observed in RuneScape. In-game items that provide an unfair “advantage” should not be on the market for real-world transactions, as this will discourage new players that feel they have to pay their way to a playable standard. But, there is no reason why items that don’t have utility can’t be sold. In-game items that don’t have utility will usually find value from aesthetics.Aesthetic value is not to be taken lightly. This can be seen in games like Counter-Strike where gun skins are being sold on secondary markets for $4200, and even in League of Legends where the character skin “PAX twisted fate” will set you back $300.  Splinterlands is a blockchain based game. (Source: Splinterlands) What sort of jobs?Looking forward, what might jobs that provide real income look like in a blockchain governed game? While it’s difficult to speculate, I will attempt to provide some rough ideas:Time-intensive tasksOne thing that will always be tied to value is time. Video games have long included time-intensive tasks in their games, and as we saw in the Venezuelan RuneScape example, players transacted their time to farm gold. The in-game items that are farmed have value because of the time it takes to gain these items. Blockchain gaming can take this one step further, where players can offer their time to extract certain in-game items for real financial incentives. This is clearly seen in Axie Infinity where players will grind quests to gain SLP, the native token for Axie Infinity. It is claimed that if Axie Infinity players invest the necessary time they can earn up to 4,500 SLP a month which is currently worth around $935.Item generation/designAs mentioned, aesthetics can represent serious value to some users. Blockchain sandbox MMORPG game Ember Sword has realized this and will open up the design process of items to game users who can spend time designing a new aesthetic skin (an item that represents the same utility but differs by how it looks) and sell this to other users as an NFT. These NFTs can have coded royalties that will allow both the user who designed the item and the developers to own a percentage of royalty to further receive profits if the item is sold for a higher price on the secondary market. There is then a further scaling possibility for users to brand their items and even create an in-game company by hiring virtual employees to apply their branded design fundamentals to items. This same principle can be applied to virtual architects, interior designers and stylists, and the list goes on and on.     Social/personalityPersonalities can be very valuable and this is most clearly seen in twitch streamers. There are individuals who, although lacking skill or technique in video games, attract millions of viewers. There are opportunities for certain individuals with “attractive” personalities being paid to simply spend time around a certain area of virtual land to bring in more users to the area. This may be something you would want to pay someone to do if you owned, for example, a virtual casino, so the deal may be mutually beneficial financially. Again, a form of royalty/commission can also be present here for certain users as an incentive to fulfill this role to a high standard.Playing For othersOne tried and tested in-game value generation task can come from dungeons, raids and boss fighting tasks. This will typically involve users having to battle their way through a large number of enemies to get a final boss who, if users can…

The summer of regulatory action has now become a global phenomenon. Lawmakers and politicians are waving their fingers and making threats toward the industry’s leading virtual asset service providers — a term coined by the FATF to describe exchanges, wallets, custodians and even DeFi platforms. But when it comes to crackdowns on cryptocurrency, few places do it with the effectiveness and experience of the Chinese government.Unlike in the United States, China’s regulators are not having a public discourse about it. Decisions are made behind closed doors, and announcements come swiftly, posted on government websites or in speeches from well-primed officials. The directives come from the very top and are swiftly reiterated and enforced by lower-level officials in provincial- or city-level government, by state-owned enterprises and by financial institutions. This top-down style of regulation tends to make the “China ban” seem very repetitive and severe. In reality, the same regulation can be repeated dozens of times by different branches, scaring the public but having very little additional impact on the industry.  3000 kilos of #bitcoin miners packing to be airlifted to the US. pic.twitter.com/d07y5GUBB3— 8BTCnews (@btcinchina) June 21, 2021  What’s the issue this time around?Although owning cryptocurrency has never been officially banned, the need for reform in other areas of the industry was probably present. According to Winston Ma, former managing director and head of North America at China Investment Corporation, the Chinese government has pushed the regulations with the aim of protecting consumers, becoming closer to carbon neutrality targets and achieving greater financial stability. While the last reason is more subjective, there’s no denying that China’s opportunistic mining industry and speculation-heavy retail investors were running largely unchecked at the beginning of the year. Ma will be among the first to note the effectiveness of the changes taking place, especially for the mining industry, telling Magazine: “So far, the impact from the energy perspective is the most obvious: After the central government initiated the cryptocurrency crackdown campaign in May, major coal-based power producers such as Inner Mongolia and Xinjiang, which were previously the top two cryptocurrency mining hubs in China, have been among the first regions that quickly developed local rules to clean up mining businesses.” This won’t be a short-term adjustment. Most large mining firms have moved abroad, and the overall BTC mining hash rate is still down by around 40% from the highs of the spring, prior to the crackdown. Energy and climate policies were the focal point of China’s all-important five-year plan that was released this spring, cementing the importance of cleaner energy consumption for the foreseeable future.Despite its significance to the crypto community, mining is not much of a contributor to the national GDP. Revenue for Chinese miners was just shy of $7 billion for the 12-month period leading up to June, a number far too insignificant to move the needle for the government. The revenue of ride-sharing app Didi was by itself over three times that in 2020, and the Chinese government had very few hesitations about cracking down on it after it emerged that it had provided user data to U.S. regulators. Didi apps were removed from domestic app stores, and now competitors are lining up to fill a massive market share should Didi fail to resolve its legal issues.   Although Chinese miners were raking in money, it wasn’t anywhere near enough to stave off regulation from the government (data from June 2021)  Sally Wang, vice president of portfolio marketing at Sino Global Capital, notes that despite Chinese regulators not tolerating risk areas that threaten financial stability, there’s been a huge increase in blockchain use cases at national, regional and city levels.“We’ve seen miners move out of China, and we’ve also seen large fintechs, such as Alibaba, experiment with NFTs. Token-less blockchain projects in China have seen huge growth.” This type of development has allowed players to continue contributing to a healthy blockchain ecosystem in China, with local governments supporting major events like the World Blockchain Conference in Hangzhou and the upcoming Shanghai International Blockchain Week in September.    Regulator influence on the declineThe original crackdown that banned ICOs and exchanges in 2017 caught the crypto industry at a vulnerable time. The majority of worldwide trading volume at the time originated from China or happened on Chinese exchanges, and the large ones were registered and based within the mainland. This left them at the mercy of authorities and taught the industry a valuable lesson about managing geographic risk. After that, key industry players such as Binance, Huobi and OKEx began setting up in places like Hong Kong and Singapore, where regulators were more open-minded. Subsequently, these exchanges are now slightly removed from the jurisdiction of the Chinese government, provided they aren’t too conspicuous when recruiting Chinese users.  Throwback to 2017: This Cointelegraph graphic shows how fearful the industry was after the future of many large exchanges was thrown in doubt.  As more and more of the industry shifts overseas, the impact of regulators is lessened. Unfortunately, miners who were keen to take advantage of low-cost energy from China’s abundant hydropower and coal-powered plants were not as quick to decentralize. That left them in a precarious position, sparking a wave of panic after China cracked down on miners earlier this year. The good news for investors is that miners have now responded by also relocating abroad, reducing the need for any future negative regulation against the mining industry.Reading the tea leaves with regulatorsRetail trading is still a major uncertainty, as large, predominantly Chinese exchanges like Huobi and OKEx make up around 20% of global volumes, according to FTX’s volume monitor. Binance makes up over 50% of global volume and likely has a large percentage of Chinese users as well.While users can’t directly buy cryptocurrency with fiat on these platforms, P2P transactions still make it easy for savvy users to purchase on platforms like Binance, using Chinese bank accounts and commercial payment apps to transact between the yuan and stablecoins.     To this point, the government hasn’t been successful in slowing this volume, even though bank accounts are…

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.Top Stories This Week Infrastructure bill passes US Senate — without clarification on cryptoOn Tuesday, the controversial infrastructure bill passed in the U.S. senate In a 69-30 vote.The bipartisan bill proposes roughly $1 trillion of funding into transportation and electricity infrastructure projects. The bill also puts forward more stringent rules for firms handling crypto assets while expanding reporting requirements for brokers, who will be required to report digital asset transactions worth more than $10,000 to the IRS. Six senators, including Pat Toomey, Cynthia Lummis, Rob Portman, Mark Warner, Kyrsten Sinema and Ron Wyden, proposed an amendment to the buzz-kill bill on Monday that would exempt software developers, transaction validators and node operators as brokers, while proposing that tax reporting requirements “only apply to the intermediaries.” Their efforts didn’t bear fruit, however, with further clarification on crypto not provided.  Senator Toomey flamed the bill in the aftermath, noting that the legislation was “too expensive, too expansive, too unpaid for and too threatening to the innovative cryptocurrency economy.” Poloniex settles charges with SEC for operating unregistered exchangeThe United States Securities and Exchange Commission, or SEC, announced a $10 million settlement with cryptocurrency exchange Poloniex on Aug. 9. Poloniex was charged with facilitating trades in unregistered securities between July 2017 and November 2019. According to the indictment, the SEC also asserted that Poloniex employees were misbehaving, as they actively sought to circumvent securities regulation in a plot to increase the company’s market share. On the same day, SEC commissioner Hester Peirce — known colloquially as “Crypto Mom” due to her regular pushback against SEC crypto enforcement — slammed the regulators’ actions in a public statement. Crypto Mom questioned the regulators’ opaque regulatory framework that crypto firms must navigate in the U.S. while asserting that, even if Poloniex had tried to register with the SEC, they “likely would have waited…and waited…and waited some more” for a verdict. Coinbase’s Q2 profits top $1.6B as ETH volume surpasses BTC’s for the first timeCoinbase, the crypto exchange led by media-shy co-founder and CEO Brian Armstrong, posted Q2 profits of $1.6 billion this week. The firm released its Q2 report on Tuesday, and its net profit of $1.6 billion marked a mammoth increase of 4,900% compared to the $32 million recorded in the same period of 2020. Coinbase’s total revenue for the quarter was $2.23 billion, beating out analysts’ predictions of $1.78 billion in expected revenue. Interestingly, for the first time since Coinbase was founded nine years ago, Ethereum (ETH) had a higher trading volume than Bitcoin (BTC), with the assets representing 26% and 24% of total volume, respectively. 55% of the world’s top 100 banks reportedly have crypto and blockchain exposureDespite banks often taking time out of their busy schedules to slam crypto, a new research report found that 55 out of the top 100 banks by assets under management have some form of blockchain or crypto exposure.  According to research by Blockdata, the banks and their subsidiaries have direct and indirect investments in crypto and decentralized ledger technology firms.Notable banking giants named and shamed included Barclays, Citigroup and Goldman Sachs, who were reported as the most active backers of crypto and blockchain firms, while  JPMorgan Chase and BNP Paribas were also identified as serial investors in the sector.  Winners and Losers  At the end of the week, Bitcoin is at $46,262, Ether at $3,189 and XRP at $1.01. The total market cap is at $1.92 trillion, according to CoinMarketCap.Among the biggest 100 cryptocurrencies, the top three altcoin gainers of the week are IoTeX (IOTX) at 314.69%, XinFin Network (XDC) at 71.34%, and Ravencoin (RVN) at 71.23%. The top three altcoin losers of the week are THORChain (RUNE) at -12.02%, Quant (QNT) at -5.71%, and THETA (THETA) at -2.58%.For more info on crypto prices, make sure to read Cointelegraph’s market analysis.  Most Memorable Quotations “If #Bitcoin were to catch up to #Ethereum’s performance this year, the No. 1 crypto’s price would approach $100,000.”Mike McGlone, senior commodity strategist for Bloomberg Intelligence “Shutting off this growth engine would be the equivalent of stopping e-commerce in 1995 because people were afraid of credit card fraud. Or regulating the creation of websites because some people initially thought they were complicated and didn’t understand what they would ever amount to.”Mark Cuban, billionaire investor “If you want to store your coins truly outside of the reach of the state, you can just hold those private keys directly. That’s the equivalent of burying a bar of gold in your backyard.”Nic Carter, co-founder of Coin Metrics “This legislation imposes a badly flawed, and in some cases unworkable, cryptocurrency tax reporting mandate that threatens future technological innovation.”Pat Toomey, U.S. Senator “I think we’re already past the stage of crypto early adoption.”Stephen Stonberg, Bittrex Global CEO “We are living in a time where everything is going digital, including traditional assets.”Austin Woodward, CEO of TaxBit “Given how slow we have been in determining how regulated entities can interact with crypto, market participants may understandably be surprised to see us come onto the scene now with our enforcement guns blazing and argue that Poloniex was not registered or operating under an exemption as it should have been.”Hester Peirce, commissioner of the U.S. Securities and Exchange Commission “Bitcoin’s journey to becoming Gold 2.0 has been beautiful.”Dan Held, Kraken director of growth marketingPrediction of the Week  Bitcoin Technicals: Why BTC price breaking $48K resistance is the key to new all-time highsBitcoin has recovered a notable amount of ground in recent weeks. The asset hit its all-time high of almost $65,000 back in April but subsequently fell in the days and weeks after, finding its way down to around $30,000. On multiple occasions, the asset briefly fell below $30,000. Recent weeks, however, have shown bullish price movement for Bitcoin, as the asset has posted chart action seemingly indicative of a reversal, based on analysis from Cointelegraph’s Michaël van de Poppe. The $48,000 price range on Bitcoin’s chart sits as…