Home / Att Explores Cryptocurrency Car Payments New Patent Filing /Coresky Unveils Its First Launchpad Program With A Prize Pool Of $50,000 In Airdrops

Coresky Unveils Its First Launchpad Program With A Prize Pool Of $50,000 In Airdrops

06 Apr 2023

On Wednesday, Marjorie Taylor Greene (MTG), a Republican member of the U.S. House of Representatives, shared an article about the Federal Reserve’s Fednow project and criticized the central bank’s digital currency efforts. The representative from Georgia insisted that the U.S. should return to the “gold standard” and said she’s taking a “hard pass” on digital currency payment systems.

Representative Marjorie Taylor Greene (R-GA) is known for her controversial statements and is not shy about expressing her opinions. The American politician and businesswoman has represented Georgia’s 14th congressional district since 2020. On April 5, she criticized the U.S. central bank’s Fednow project, stating that the U.S. should return to the gold standard rather than relying on digital currency payment systems. “Hard pass,” added the Congress member. Like other Republican politicians, Greene, or MTG, does not seem to support a central bank digital currency (CBDC).

Texas senator Ted Cruz and Florida governor Ron DeSantis have introduced legislation against CBDCs. The stance of MTG on permissionless cryptocurrencies such as bitcoin (BTC) and ethereum (ETH) is “unclear,” according to Coinbase’s report on the Georgia representative. Coinbase’s report, which covers Congressional leaders’ opinions on crypto assets, states that there is “not enough data to determine” Greene’s official stance. However, the report does mention that MTG spoke out on Twitter against Canadian prime minister Justin Trudeau’s actions against a convoy of truckers.

“As Trudeau has gone full dictator in Canada and is stealing Canadians’ crypto wallets, Democrats and big banks are lining up to take their cut of #crypto and #blockchain,” tweeted Greene. “Joe ‘the big guy’ Biden always gets his cut. Protect crypto owners’ rights,” she added. The Georgian politician also appeared on the “America First with Sebastian Gorka” podcast in an episode titled “Your Bitcoin is in Danger.” During a press briefing in November 2022, MTG discussed the alleged theory that donated crypto funds sent to Ukraine were transferred to Sam Bankman-Fried’s FTX.

Many people believe that a CBDC would be a disastrous idea for the United States. Economist Richard Werner recently called the July launch of Fednow “suspicious.” Former Republican congressman from Texas, Ron Paul, also criticized the Fednow payment system three years ago, encouraging crypto competition instead. He stated, “I’m all for cryptocurrencies and blockchain technology because I like competing currencies.” Senator Elizabeth Warren (D-MA), who has referred to herself as “anti-crypto,” recently denounced competing currencies like bitcoin and called for the U.S. to move towards a CBDC.

What are your thoughts on Marjorie Taylor Greene’s criticism of the Fednow project and her call to return to the gold standard? Do you agree with her stance? Share your thoughts about this subject in the comments section below.

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Fidelity Investments Launches Crypto, Metaverse ETFs — Says 'We Continue to See Demand'

Fidelity Investments, one of the largest financial services firms with more than $11 trillion under administration, is launching exchange-traded funds (ETFs) focusing on the crypto ecosystem and the metaverse. "We continue to see demand, particularly from young investors, for access ... read more.

On Wednesday, Marjorie Taylor Greene (MTG), a Republican member of the U.S. House of Representatives, shared an article about the Federal Reserve’s Fednow project and criticized the central bank’s digital currency efforts. The representative from Georgia insisted that the U.S. should return to the “gold standard” and said she’s taking a “hard pass” on digital currency payment systems.

Representative Marjorie Taylor Greene (R-GA) is known for her controversial statements and is not shy about expressing her opinions. The American politician and businesswoman has represented Georgia’s 14th congressional district since 2020. On April 5, she criticized the U.S. central bank’s Fednow project, stating that the U.S. should return to the gold standard rather than relying on digital currency payment systems. “Hard pass,” added the Congress member. Like other Republican politicians, Greene, or MTG, does not seem to support a central bank digital currency (CBDC).

Texas senator Ted Cruz and Florida governor Ron DeSantis have introduced legislation against CBDCs. The stance of MTG on permissionless cryptocurrencies such as bitcoin (BTC) and ethereum (ETH) is “unclear,” according to Coinbase’s report on the Georgia representative. Coinbase’s report, which covers Congressional leaders’ opinions on crypto assets, states that there is “not enough data to determine” Greene’s official stance. However, the report does mention that MTG spoke out on Twitter against Canadian prime minister Justin Trudeau’s actions against a convoy of truckers.

“As Trudeau has gone full dictator in Canada and is stealing Canadians’ crypto wallets, Democrats and big banks are lining up to take their cut of #crypto and #blockchain,” tweeted Greene. “Joe ‘the big guy’ Biden always gets his cut. Protect crypto owners’ rights,” she added. The Georgian politician also appeared on the “America First with Sebastian Gorka” podcast in an episode titled “Your Bitcoin is in Danger.” During a press briefing in November 2022, MTG discussed the alleged theory that donated crypto funds sent to Ukraine were transferred to Sam Bankman-Fried’s FTX.

Many people believe that a CBDC would be a disastrous idea for the United States. Economist Richard Werner recently called the July launch of Fednow “suspicious.” Former Republican congressman from Texas, Ron Paul, also criticized the Fednow payment system three years ago, encouraging crypto competition instead. He stated, “I’m all for cryptocurrencies and blockchain technology because I like competing currencies.” Senator Elizabeth Warren (D-MA), who has referred to herself as “anti-crypto,” recently denounced competing currencies like bitcoin and called for the U.S. to move towards a CBDC.

What are your thoughts on Marjorie Taylor Greene’s criticism of the Fednow project and her call to return to the gold standard? Do you agree with her stance? Share your thoughts about this subject in the comments section below.

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Ripple CEO: SEC Lawsuit Over XRP 'Has Gone Exceedingly Well'

The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.

Dogecoin was one of Thursday’s biggest movers, as the meme coin fell by as much as 9%. The decline comes as market sentiment begins to shift, following huge gains to start the week. Litecoin was also in the red today, with prices hovering near the $90.00 level.

Dogecoin (DOGE) fell for a third consecutive session on Thursday, as market sentiment shifted bearish, following strong gains to start the week.

DOGE/USD dropped to a low of $0.08857 earlier in the day, which comes less than 24-hours after trading at a high of $0.09804.

The meme coin rose to a four-month high earlier in the week, after Twitter changed its logo to a cartoon image of Doge.

Since then, traders have appeared to abandon earlier long positions, instead opting to secure profits.

As a result of this latest decline in price, the relative strength index (RSI) has now fallen below a long-term floor at 60.00.

At the time of writing this, the index is now tracking at 59.59, with a strong chance of further declines.

Another notable mover on Thursday was litecoin (LTC), which fell towards the $90.00 level.

Following a high of $94.44 in yesterday’s session, LTC/USD dropped to a bottom at $90.22 earlier in the day.

Overall, it appears that this decline was a result of upwards momentum easing, as the token approached a key price point of $95.00.

In addition to this, the RSI also failed to break out of its own ceiling at 57.00, giving way to a resurgence of bearish activity.

Price strength is now tracking at 52.26, which is the weakest point for the index since March 31.

A floor at 51.00 is seemingly the target for bears, and should the point be reached, there is a good chance that LTC will be below $90.00.

Register your email here to get weekly price analysis updates sent to your inbox:

Tags in this story
Analysis, Doge, DOGE Markets, dogecoin, litecoin, LTC, LTC markets, TA, Technical Analysis

Do you expect litecoin to move above $95.00 this week? Let us know your thoughts in the comments.

Eliman was previously a director of a London-based brokerage, whilst also an online trading educator. Currently, he commentates on various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Draft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament

A bill updating Russia’s tax law to incorporate provisions pertaining to cryptocurrencies has been filed with the State Duma, the lower house of parliament. The legislation is tailored to regulate the taxation of sales and profits in the country’s market ... read more.

Dogecoin was one of Thursday’s biggest movers, as the meme coin fell by as much as 9%. The decline comes as market sentiment begins to shift, following huge gains to start the week. Litecoin was also in the red today, with prices hovering near the $90.00 level.

Dogecoin (DOGE) fell for a third consecutive session on Thursday, as market sentiment shifted bearish, following strong gains to start the week.

DOGE/USD dropped to a low of $0.08857 earlier in the day, which comes less than 24-hours after trading at a high of $0.09804.

The meme coin rose to a four-month high earlier in the week, after Twitter changed its logo to a cartoon image of Doge.

Since then, traders have appeared to abandon earlier long positions, instead opting to secure profits.

As a result of this latest decline in price, the relative strength index (RSI) has now fallen below a long-term floor at 60.00.

At the time of writing this, the index is now tracking at 59.59, with a strong chance of further declines.

Another notable mover on Thursday was litecoin (LTC), which fell towards the $90.00 level.

Following a high of $94.44 in yesterday’s session, LTC/USD dropped to a bottom at $90.22 earlier in the day.

Overall, it appears that this decline was a result of upwards momentum easing, as the token approached a key price point of $95.00.

In addition to this, the RSI also failed to break out of its own ceiling at 57.00, giving way to a resurgence of bearish activity.

Price strength is now tracking at 52.26, which is the weakest point for the index since March 31.

A floor at 51.00 is seemingly the target for bears, and should the point be reached, there is a good chance that LTC will be below $90.00.

Register your email here to get weekly price analysis updates sent to your inbox:

Tags in this story
Analysis, Doge, DOGE Markets, dogecoin, litecoin, LTC, LTC markets, TA, Technical Analysis

Do you expect litecoin to move above $95.00 this week? Let us know your thoughts in the comments.

Eliman was previously a director of a London-based brokerage, whilst also an online trading educator. Currently, he commentates on various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Draft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament

A bill updating Russia’s tax law to incorporate provisions pertaining to cryptocurrencies has been filed with the State Duma, the lower house of parliament. The legislation is tailored to regulate the taxation of sales and profits in the country’s market ... read more.

PRESS RELEASE. OKX, the second-largest crypto exchange by trading volume and a leading Web3 technology company, today announced that its Liquid Marketplace, an on-demand liquidity network tailored for institutional traders, exceeded USD1 billion in trading volume in 2023.

The on-demand OKX Liquid Marketplace provides access to deep institutional liquidity and provides access to a number of crypto trading strategies, including futures spreads, large options block trades or spot OTC, to run at scale. One-click atomic execution of both legs allows traders to easily execute efficient and low-risk spread trading to farm funding rates, generate yield via cash-and-carry trades, and roll expiring futures hedges.

Lennix Lai, Managing Director of Global Institutional at OKX, said: “Institutional clients demand liquidity, superior fee structures, and streamlined execution of advanced trading strategies. We’ve designed our Liquid Marketplace to hit this sweet spot, and the market is responding. Our aim is to become the go-to venue for institutional traders by listening to their needs and leveraging our technical expertise, creativity and product design to build the best platform for their needs.”

OKX Liquid Marketplace overhauls the traditional RFQ process by automating workflows, offering an integrated position builder and enabling anonymous RFQs with two-way quotes. Users can construct custom multi-leg strategies and request quotes on futures spreads and basis trades with the click of a button. The platform also offers leading security underpinned by end-to-end connectivity with OKX’s risk management and settlement system.

The growth of the OKX Liquid Marketplace has occurred against the backdrop of OKX’s global expansion, which has seen it reach 50 million global users.

Find out more about OKX Liquid Marketplace here.

About OKX

OKX is the second biggest global crypto exchange by trading volume and a leading web3 ecosystem. Trusted by more than 50 million global users, OKX is known for being the fastest and most reliable crypto trading app for investors and professional traders everywhere.

As a top partner of English Premier League champions Manchester City FC, McLaren Formula 1, golfer Ian Poulter, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3.

Beyond OKX’s exchange, the OKX Wallet is the platform’s latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens.

To learn more about OKX, download our app or visit: okx.com

Disclaimer

This announcement is provided for informational purposes only. It is not intended to provide any investment, tax, or legal advice, nor should it be considered an offer to purchase, sell, or hold digital assets. Digital assets, including stablecoins, involve a high degree of risk, can fluctuate greatly, and can even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances.

Contact

Media

OKX

media@okx.com

 

 

 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Following a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days

Transaction fees on the Ethereum network are dropping again after average fees saw a brief spike on April 5 jumping to $43 per transfer. 12 days later, average ether fees are close to dropping below $10 per transaction and median-sized ... read more.

PRESS RELEASE. OKX, the second-largest crypto exchange by trading volume and a leading Web3 technology company, today announced that its Liquid Marketplace, an on-demand liquidity network tailored for institutional traders, exceeded USD1 billion in trading volume in 2023.

The on-demand OKX Liquid Marketplace provides access to deep institutional liquidity and provides access to a number of crypto trading strategies, including futures spreads, large options block trades or spot OTC, to run at scale. One-click atomic execution of both legs allows traders to easily execute efficient and low-risk spread trading to farm funding rates, generate yield via cash-and-carry trades, and roll expiring futures hedges.

Lennix Lai, Managing Director of Global Institutional at OKX, said: “Institutional clients demand liquidity, superior fee structures, and streamlined execution of advanced trading strategies. We’ve designed our Liquid Marketplace to hit this sweet spot, and the market is responding. Our aim is to become the go-to venue for institutional traders by listening to their needs and leveraging our technical expertise, creativity and product design to build the best platform for their needs.”

OKX Liquid Marketplace overhauls the traditional RFQ process by automating workflows, offering an integrated position builder and enabling anonymous RFQs with two-way quotes. Users can construct custom multi-leg strategies and request quotes on futures spreads and basis trades with the click of a button. The platform also offers leading security underpinned by end-to-end connectivity with OKX’s risk management and settlement system.

The growth of the OKX Liquid Marketplace has occurred against the backdrop of OKX’s global expansion, which has seen it reach 50 million global users.

Find out more about OKX Liquid Marketplace here.

About OKX

OKX is the second biggest global crypto exchange by trading volume and a leading web3 ecosystem. Trusted by more than 50 million global users, OKX is known for being the fastest and most reliable crypto trading app for investors and professional traders everywhere.

As a top partner of English Premier League champions Manchester City FC, McLaren Formula 1, golfer Ian Poulter, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3.

Beyond OKX’s exchange, the OKX Wallet is the platform’s latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens.

To learn more about OKX, download our app or visit: okx.com

Disclaimer

This announcement is provided for informational purposes only. It is not intended to provide any investment, tax, or legal advice, nor should it be considered an offer to purchase, sell, or hold digital assets. Digital assets, including stablecoins, involve a high degree of risk, can fluctuate greatly, and can even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances.

Contact

Media

OKX

media@okx.com

 

 

 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Following a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days

Transaction fees on the Ethereum network are dropping again after average fees saw a brief spike on April 5 jumping to $43 per transfer. 12 days later, average ether fees are close to dropping below $10 per transaction and median-sized ... read more.

PRESS RELEASE. On March 30th, Coresky officially launched the first project on Launchpad, which is the Celestia-packaged NFT, issued by Coresky DAO, with a total circulation of 1050 and a unit price of 200 USDT. Users can mint the CoreCard NFT on the Coresky platform and obtain Tickets provided by CoreCard by fulfilling the CoreCard binding time requirement. These Tickets can be used to participate in the Launchpad lottery. Users who are drawn in the lottery can obtain the right to mint Celestia-packaged NFTs, which can be listed for trading on the NFT market or held in a crypto wallet to be claimed after token unlocking.

CoreCard is Coresky’s NFT-based decentralized identity governance system that operates within the Coresky ecosystem. By holding a CoreCard, users automatically become members of the Coresky community and can enjoy the benefits provided by the platform. CoreCard has six levels, ranging from level 0 to level 5, namely, CoreCardV0 Kite, CoreCardV1 Balloon, CoreCardV2 Biplane, CoreCardV3 Jet, CoreCardV4 Satellite, and CoreCardV5 Spacecraft. The higher the level of the CoreCard, the more Tickets the users receive. Users immediately get Tickets corresponding to the level to which they have upgraded.

In Coresky’s current Launchpad project, CoreCard V4 and CoreCard V5 holders can not only participate in this Launchpad through Tickets, but also receive 100% of Celestia-packaged NFT airdrops. CoreCard V4 holders can evenly split 50 Celestia-packaged NFTs worth a total of 10,000U, while CoreCard V5 holders can evenly split 200 Celestia-packaged NFTs worth a total of 40,000U. This means that CoreCard V4 holders will receive a total of 10,000U worth of 50 Celestia-packaged NFTs, and CoreCard V5 holders will receive a total of 40,000U worth of 200 Celestia-packaged NFTs. Users can upgrade their CoreCard level by participating in trading mining, burning platform points (future platform tokens), or completing other tasks set by the platform.

Coresky’s investment and research team has been conducting in-depth research and market analysis across various areas of the cryptocurrency industry with scalability being a key focus. In this phase of Coresky Launchpad, the Celestia-packaged NFTs offer first-hand market investment shares in Celestia, a module-based blockchain. Celestia is the first truly modular blockchain that aims to provide an easy, low-cost solution for anyone looking to deploy their own blockchain. The platform’s vision is to combine Cosmos’ sovereign inter-operating zones with Ethereum-centered rollups to share security. Celestia’s incentive test network has already launched, and the mainnet is expected to be released later in 2023.

The betting period for this round of Coresky Launchpad starts at 12:00 PM Eastern Time on April 8th, and the drawing will take place at 12:00 PM on April 10th. Crypto enthusiasts worldwide are welcome to participate and experience the Coresky Launchpad interface.

To participate in Coresky Launchpad, users must follow these three steps:

Step 1: Mint and bind CoreCard.

Users must mint and bind CoreCard to be eligible for participation. Coresky distributes Tickets every week to users who have bound CoreCard. Only users who have bound CoreCard can receive Tickets, and they can upgrade their CoreCards through Coresky’s trading mining activities. Different levels of CoreCards generate a varying number of Tickets weekly, and users receive Tickets corresponding to the new level they upgrade to immediately.

Learn more about Tickets information.

Step 2: Bet with Tickets.

Coresky Launchpad offers investment opportunities for high-quality projects. Users can use their Tickets to place bets on the projects in which they are interested. Once the betting period ends, the users will receive notification if they win the Asset-packaged NFT shares.

Step 3: Mint Asset-packaged NFT.

Users who win can mint an Asset-packaged NFT containing primary market investment shares of the corresponding project. The winners must complete the minting process within the specified time frame. After the minting is complete, users can freely sell the NFT as per their requirements.

For more information about Coresky, please refer to the following links:

Coresky Official Website: https://home.coresky.com/

Coresky Trading Platform: https://www.coresky.com/

Twitter: https://twitter.com/Coreskyofficial

Discord: https://discord.gg/coresky

 

 

 

 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Today's Top Ethereum and Bitcoin Mining Devices Continue to Rake in Profits

As the crypto economy hovers just under $2 trillion in value, application-specific integrated circuit (ASIC) mining devices are making decent profits. While ASIC miners can still mine ethereum, a 1.5 gigahash (GH/s) Ethash mining device can rake in $51.58 per ... read more.

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