The last 12 months have been tough on digital currency investors as the crypto winter has caused a large sum of value to leave the once-bustling economy. The privacy coin economy, for instance, shed more than 55% against the U.S. dollar as it dropped from $11.7 billion in Jan. 2022 to the current $5.22 billion.
Privacy coins are not talked about like they used to be. These days, the hype and discussions surrounding decentralized finance (defi) and non-fungible tokens (NFTs) have eclipsed privacy coin conversations.
Furthermore, during the last 12 months, the privacy coin economy has dropped from $11.7 billion to today’s $5.22 billion. Last January, the top two privacy tokens included monero (XMR) and zcash (ZEC).
At the time, monero was the largest privacy coin by market cap and still is today. In Jan. 2022, XMR’s price was around $202.97 per unit and it had a market valuation of around $3.66 billion on Jan. 19, 2022.
Today, XMR is exchanging hands for around $142.35 per coin and it has an overall market capitalization of around $2.58 billion. Zcash holds the second-largest privacy coin market valuation this year and in January it was around $1.53 billion.
At the end of Dec. 2022, ZEC’s market cap is down to $517 million. Jan. 2022’s top five privacy coins by market cap included monero (XMR), zcash (ZEC), secret (SCRT), decred (DCR), and horizen (ZEN).
December 2022 stats show the top five privacy coins include monero (XMR), zcash (ZEC), dash (DASH), decred (DCR), and beldex (BDX). XMR’s and ZEC’s market caps equate to roughly $3.1 billion which is 59.4% of the entire privacy coin economy.
In Jan. 2022, XMR and ZEC were valued at $5.19 billion and represented only 44.36% of the entire privacy coin economy. Today, the top two privacy coins by market cap have a lot more dominance.
Last month it was reported that leaked EU plans could ban privacy coins like XMR, ZEC, and DASH. “The European Union could ban banks and crypto providers from dealing in privacy-enhancing coins such as zcash, monero, and dash under a leaked draft of a money laundering bill obtained by Coindesk,” the publication noted on Nov. 15, 2022.
Government policy decisions and proposed guidelines have caused a number of crypto exchanges worldwide to stop listing privacy coins like XMR and ZEC. The lack of listings gives privacy coins a lot less liquidity which makes them more susceptible to price fluctuations.
What do you think about privacy coins this year and their market performances during the last 12 months? Let us know what you think 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.
Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year
The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.
The last 12 months have been tough on digital currency investors as the crypto winter has caused a large sum of value to leave the once-bustling economy. The privacy coin economy, for instance, shed more than 55% against the U.S. dollar as it dropped from $11.7 billion in Jan. 2022 to the current $5.22 billion.
Privacy coins are not talked about like they used to be. These days, the hype and discussions surrounding decentralized finance (defi) and non-fungible tokens (NFTs) have eclipsed privacy coin conversations.
Furthermore, during the last 12 months, the privacy coin economy has dropped from $11.7 billion to today’s $5.22 billion. Last January, the top two privacy tokens included monero (XMR) and zcash (ZEC).
At the time, monero was the largest privacy coin by market cap and still is today. In Jan. 2022, XMR’s price was around $202.97 per unit and it had a market valuation of around $3.66 billion on Jan. 19, 2022.
Today, XMR is exchanging hands for around $142.35 per coin and it has an overall market capitalization of around $2.58 billion. Zcash holds the second-largest privacy coin market valuation this year and in January it was around $1.53 billion.
At the end of Dec. 2022, ZEC’s market cap is down to $517 million. Jan. 2022’s top five privacy coins by market cap included monero (XMR), zcash (ZEC), secret (SCRT), decred (DCR), and horizen (ZEN).
December 2022 stats show the top five privacy coins include monero (XMR), zcash (ZEC), dash (DASH), decred (DCR), and beldex (BDX). XMR’s and ZEC’s market caps equate to roughly $3.1 billion which is 59.4% of the entire privacy coin economy.
In Jan. 2022, XMR and ZEC were valued at $5.19 billion and represented only 44.36% of the entire privacy coin economy. Today, the top two privacy coins by market cap have a lot more dominance.
Last month it was reported that leaked EU plans could ban privacy coins like XMR, ZEC, and DASH. “The European Union could ban banks and crypto providers from dealing in privacy-enhancing coins such as zcash, monero, and dash under a leaked draft of a money laundering bill obtained by Coindesk,” the publication noted on Nov. 15, 2022.
Government policy decisions and proposed guidelines have caused a number of crypto exchanges worldwide to stop listing privacy coins like XMR and ZEC. The lack of listings gives privacy coins a lot less liquidity which makes them more susceptible to price fluctuations.
What do you think about privacy coins this year and their market performances during the last 12 months? Let us know what you think 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.
Solana fell to a one-month low to start the weekend, as cryptocurrency markets moved lower ahead of Christmas Day. Today’s drop saw the token fall for a fourth straight session, as market sentiment shifted bearish. Uniswap was also in the red on Saturday, with price falling for a second consecutive day.
Solana (SOL) was in the red on Saturday, as prices moved lower for a fourth straight session.
SOL/USD slipped to a low of $11.24 in today’s session, which comes less than a day after the token was trading at $11.95.
Today’s drop saw solana fall to its lowest point since November 22, when price hit a low of $10.94.
As can be seen from the chart, Saturday’s decline came as the 14-day relative strength index (RSI) broke out of a floor at 34.00.
The index is currently tracking at 31.79, with the next visible point of support at the 29.90 level.
Should the RSI continue to head to this point, it is likely that solana will fall below the $10.94 level, which was last seen four weeks ago.
Uniswap (UNI) also moved lower to start the weekend, as the token extended a recent bear run.
Following a high of $5.32 on Friday, UNI/USD fell to an intraday low of $5.20 on Christmas Eve.
The move led to uniswap landing on its long-term point of support, with bears likely to force a breakout as the weekend matures.
As of writing, the token remains marginally above its $5.20 floor, and is currently trading at $5.22.
Should this floor be broken, a possible target for sellers will possibly be a floor at $4.95, which was last hit in late November.
Register your email here to get weekly price analysis updates sent to your inbox:
Do you expect uniswap to fall below $5.00 this weekend? Let us know your thoughts in the comments.
Eliman brings an eclectic point of view to market analysis, he was previously a brokerage director and retail trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX.
Image Credits: Shutterstock, Pixabay, Wiki Commons, Vladimka production / Shutterstock.com
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.
NFT Sales Volume Saw a Small Uptick This Week — Moonbirds, Mutant Apes Take Top Sales
Non-fungible token (NFT) sales saw a small uptick over the last week as $658.4 million in NFT sales were recorded, up 3.35% in seven days. Out of 15 blockchains, Polygon-based NFT sales saw the largest increase in volume, jumping 106.68% ... read more.
Solana fell to a one-month low to start the weekend, as cryptocurrency markets moved lower ahead of Christmas Day. Today’s drop saw the token fall for a fourth straight session, as market sentiment shifted bearish. Uniswap was also in the red on Saturday, with price falling for a second consecutive day.
Solana (SOL) was in the red on Saturday, as prices moved lower for a fourth straight session.
SOL/USD slipped to a low of $11.24 in today’s session, which comes less than a day after the token was trading at $11.95.
Today’s drop saw solana fall to its lowest point since November 22, when price hit a low of $10.94.
As can be seen from the chart, Saturday’s decline came as the 14-day relative strength index (RSI) broke out of a floor at 34.00.
The index is currently tracking at 31.79, with the next visible point of support at the 29.90 level.
Should the RSI continue to head to this point, it is likely that solana will fall below the $10.94 level, which was last seen four weeks ago.
Uniswap (UNI) also moved lower to start the weekend, as the token extended a recent bear run.
Following a high of $5.32 on Friday, UNI/USD fell to an intraday low of $5.20 on Christmas Eve.
The move led to uniswap landing on its long-term point of support, with bears likely to force a breakout as the weekend matures.
As of writing, the token remains marginally above its $5.20 floor, and is currently trading at $5.22.
Should this floor be broken, a possible target for sellers will possibly be a floor at $4.95, which was last hit in late November.
Register your email here to get weekly price analysis updates sent to your inbox:
Do you expect uniswap to fall below $5.00 this weekend? Let us know your thoughts in the comments.
Eliman brings an eclectic point of view to market analysis, he was previously a brokerage director and retail trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX.
Image Credits: Shutterstock, Pixabay, Wiki Commons, Vladimka production / Shutterstock.com
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. Locker Token & Ice Hockey extraordinaires Rögle BK have officially announced an In-Real-Life (IRL) NFT, event set to take place at the Catena Arena – the home of the European champions. The event is designed to showcase the innovative asset class that is NFTs, while also educating Rögle fans on how to utilize the blockchain and purchase their favourite player trading cards.
The event, due to take place on December 30th, will feature educational content, a free mint for the first 500 fans, and in-person interaction with cryptocurrency experts – The Nordic Whales.
About The Event
Rögle BK fans were the first fanbase able to mint their favourite players and in-game moments via the Locker sports NFT marketplace. The team have been equipped with the technology to mint any NFTs that would potentially be sought-after by fans, with NFTs created with ease through the Locker Token app. In line with the partnership, the event has been planned to help fans make their first steps into blockchain.
The event will be hosted and supported by local natives the Nordic Whales, who are located a mere 20 minutes from the stadium. The AMA enthusiasts are able to provide educational content in both English and Swedish due to their close proximity to the team.
The first 500 fans are in for a treat upon arrival after scanning the event QR code. This will provide them with a free mint, with a further 6500 being minted on the day that will be made available for purchase. The first 500 will be randomized in terms of rarity.
What is Locker Token?
Locker Token is an ecosystem for sports teams and athletes that allows them to futureproof and monetize their respective offerings through blockchain, while connecting fans and the athletes themselves via a unique asset class. Locker is known by its ticker – $LKT – and was recently listed on CoinMarketCap after a successful contract migration.
Despite being a relatively new project, the ecosystem features a number of the worlds best Ice Hockey teams and players including; Rögle BK, Manchester Storm, and HC Bolzano. More teams across both Ice Hockey and other sports are in the process of being onboarded, with the end goal being to onboard each respective team’s fan base to Locker as engaged fans and buyers.
From a token perspective, the Ethereum price decline of late has dragged the price of $LKT with it due to the closely-connected nature of Locker as an ERC20 token. However, the team has continued to build and create new partnerships despite the market-wide downturn.
500 lucky fans will receive a free mint upon scanning a QR code.
About Rögle BK
Rögle BK (Rögle Bandyklubb) is a Swedish professional ice hockey club from Ängelholm. The club has featured in the SHL most-recently since the 2015–16 season. Rögle has previously played in the SHL in 1992–1996, 2008–2010, and briefly in 2012–13.
The team are currently enduring a mixed season, placed 9th in the league standings at the time of writing. They are however on a two-game winning streak, with Adam Tambellini playing a big part in the team’s offensive play with 12 league goals to date.
Mint Rögle BK NFTs today via the Locker Token app for iOS and Android.
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
Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year
The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.
PRESS RELEASE. Locker Token & Ice Hockey extraordinaires Rögle BK have officially announced an In-Real-Life (IRL) NFT, event set to take place at the Catena Arena – the home of the European champions. The event is designed to showcase the innovative asset class that is NFTs, while also educating Rögle fans on how to utilize the blockchain and purchase their favourite player trading cards.
The event, due to take place on December 30th, will feature educational content, a free mint for the first 500 fans, and in-person interaction with cryptocurrency experts – The Nordic Whales.
About The Event
Rögle BK fans were the first fanbase able to mint their favourite players and in-game moments via the Locker sports NFT marketplace. The team have been equipped with the technology to mint any NFTs that would potentially be sought-after by fans, with NFTs created with ease through the Locker Token app. In line with the partnership, the event has been planned to help fans make their first steps into blockchain.
The event will be hosted and supported by local natives the Nordic Whales, who are located a mere 20 minutes from the stadium. The AMA enthusiasts are able to provide educational content in both English and Swedish due to their close proximity to the team.
The first 500 fans are in for a treat upon arrival after scanning the event QR code. This will provide them with a free mint, with a further 6500 being minted on the day that will be made available for purchase. The first 500 will be randomized in terms of rarity.
What is Locker Token?
Locker Token is an ecosystem for sports teams and athletes that allows them to futureproof and monetize their respective offerings through blockchain, while connecting fans and the athletes themselves via a unique asset class. Locker is known by its ticker – $LKT – and was recently listed on CoinMarketCap after a successful contract migration.
Despite being a relatively new project, the ecosystem features a number of the worlds best Ice Hockey teams and players including; Rögle BK, Manchester Storm, and HC Bolzano. More teams across both Ice Hockey and other sports are in the process of being onboarded, with the end goal being to onboard each respective team’s fan base to Locker as engaged fans and buyers.
From a token perspective, the Ethereum price decline of late has dragged the price of $LKT with it due to the closely-connected nature of Locker as an ERC20 token. However, the team has continued to build and create new partnerships despite the market-wide downturn.
500 lucky fans will receive a free mint upon scanning a QR code.
About Rögle BK
Rögle BK (Rögle Bandyklubb) is a Swedish professional ice hockey club from Ängelholm. The club has featured in the SHL most-recently since the 2015–16 season. Rögle has previously played in the SHL in 1992–1996, 2008–2010, and briefly in 2012–13.
The team are currently enduring a mixed season, placed 9th in the league standings at the time of writing. They are however on a two-game winning streak, with Adam Tambellini playing a big part in the team’s offensive play with 12 league goals to date.
Mint Rögle BK NFTs today via the Locker Token app for iOS and Android.
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
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.
PRESS RELEASE. Victoria, Seychelles (December 23 2022) – Leading crypto exchange, Bitget, announces the conclusion of its biannual trading tournament, King’s Cup Global Invitation (“KCGI”): Football Edition with record-breaking participation. Hosted from November 21 to December 19, a total of 32,174 participants joined the tournament in a team battle, individual competition and invitational competition. The tournament recorded the highest participation this time since the event debuted, and all the winners took home a rewards pool of more than half a million USDT combined.
The KCGI tournament is a biannual futures trading tournament hosted by Bitget, and this season’s tournament was given a football theme because of the World Cup and the company’s partnership with the legendary Argentinian football star, Leo Messi. The company prepared various football-related prizes and activities to engage users in the World Cup football craze, including football fan tokens, Messi autographed jerseys, trophies, predicted World Cup winner games and giveaways.
Players were given the option to participate in KCGI in three competition modes. Here are the final results:
Gracy Chen, Managing Director of Bitget, comments, “KCGI is one of our major spotlights throughout the year. This time, the tournament is hosted during the FIFA World Cup Qatar 2022, where Argentina and our partner Leo Messi are crowned winners. Congratulations to all the winners in KCGI, Messi and Argentina team! We are glad to have the opportunity to engage Bitget users with the World Cup and stand with Messi throughout his journey to the Championship.”
“In the midst of a bear market and slow market sentiment, Bitget is also investing efforts into perfecting our product offerings. In line with the sense of community we all felt during the World Cup and KCGI, we have rolled out a few products recently to upgrade users’ social trading experience, including Shark Fin, Spot margin trading, DCA trading strategy, and so on, as well as announced measures to protect our users’ assets with the Bitget Protection Fund and our fully transparent Merkle tree Proof of Reserves information. We do these all to improve our internal strength and security while providing maximum transparency, hoping to rebuild the industry and set a good example.”
About KCGI
The King’s Cup Global Invitation (KCGI) is a biannual global crypto futures trading competition hosted by Bitget. KCGI 2022: Football Edition ran from November 21 to December 19, 2022, and consisted of three competing formats: Team Battle, Individual Competition, and Invitational Competition.
Debuted in 2021, the appeal of KCGI has drawn overwhelming responses as the last three competitions recorded over 44,000 participants worldwide, and stay tuned for the next tournament to be scheduled in mid-2023.
About Bitget
Bitget, established in 2018, is the world’s leading cryptocurrency exchange with innovative products and social trading services as its key features, currently serving over 8 million users in more than 100 countries worldwide.
The exchange is committed to providing users with a secure, one-stop trading solution. It aims to increase crypto adoption through collaborations with credible partners, including legendary Argentinian footballer Leo Messi, the leading Italian football team Juventus, and official eSports events organizer PGL.
To learn more about Bitget, please visit https://www.bitget.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
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.
PRESS RELEASE. Victoria, Seychelles (December 23 2022) – Leading crypto exchange, Bitget, announces the conclusion of its biannual trading tournament, King’s Cup Global Invitation (“KCGI”): Football Edition with record-breaking participation. Hosted from November 21 to December 19, a total of 32,174 participants joined the tournament in a team battle, individual competition and invitational competition. The tournament recorded the highest participation this time since the event debuted, and all the winners took home a rewards pool of more than half a million USDT combined.
The KCGI tournament is a biannual futures trading tournament hosted by Bitget, and this season’s tournament was given a football theme because of the World Cup and the company’s partnership with the legendary Argentinian football star, Leo Messi. The company prepared various football-related prizes and activities to engage users in the World Cup football craze, including football fan tokens, Messi autographed jerseys, trophies, predicted World Cup winner games and giveaways.
Players were given the option to participate in KCGI in three competition modes. Here are the final results:
Gracy Chen, Managing Director of Bitget, comments, “KCGI is one of our major spotlights throughout the year. This time, the tournament is hosted during the FIFA World Cup Qatar 2022, where Argentina and our partner Leo Messi are crowned winners. Congratulations to all the winners in KCGI, Messi and Argentina team! We are glad to have the opportunity to engage Bitget users with the World Cup and stand with Messi throughout his journey to the Championship.”
“In the midst of a bear market and slow market sentiment, Bitget is also investing efforts into perfecting our product offerings. In line with the sense of community we all felt during the World Cup and KCGI, we have rolled out a few products recently to upgrade users’ social trading experience, including Shark Fin, Spot margin trading, DCA trading strategy, and so on, as well as announced measures to protect our users’ assets with the Bitget Protection Fund and our fully transparent Merkle tree Proof of Reserves information. We do these all to improve our internal strength and security while providing maximum transparency, hoping to rebuild the industry and set a good example.”
About KCGI
The King’s Cup Global Invitation (KCGI) is a biannual global crypto futures trading competition hosted by Bitget. KCGI 2022: Football Edition ran from November 21 to December 19, 2022, and consisted of three competing formats: Team Battle, Individual Competition, and Invitational Competition.
Debuted in 2021, the appeal of KCGI has drawn overwhelming responses as the last three competitions recorded over 44,000 participants worldwide, and stay tuned for the next tournament to be scheduled in mid-2023.
About Bitget
Bitget, established in 2018, is the world’s leading cryptocurrency exchange with innovative products and social trading services as its key features, currently serving over 8 million users in more than 100 countries worldwide.
The exchange is committed to providing users with a secure, one-stop trading solution. It aims to increase crypto adoption through collaborations with credible partners, including legendary Argentinian footballer Leo Messi, the leading Italian football team Juventus, and official eSports events organizer PGL.
To learn more about Bitget, please visit https://www.bitget.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
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.
PRESS RELEASE. Sheikh Hamad Rakadh Salem Hamad Alameri, a well-known Sovereign Wealth Fund (SWF) member of the Royal Family in Abu Dhabi, United Arab Emirates, has officially become a MaskEX shareholder following the signing of a Memorandum of Understanding (MOU) to develop a smart city in Dubai, United Arab Emirates.
Sheikh Hamad Rakadh Salem Hamad Alameri is a big supporter of Abu Dhabi’s 2030 Vision by directly contributing to the emirate’s social and human development and creating a sustainable, knowledge-based nation.
MaskEX is a Canadian company. It has successfully fulfilled the requirements of the MSB compliance program and is now fully prepared to comply with the regulations in the SCA and VARA compliance program in Dubai, United Arab Emirates. MaskEX has developed a payment system based on the principle of “Your Wallet, Your Way”, Which aims to make life easier for residents by providing a convenient and secure way to make payments and manage financial transactions. In addition, the system also uses advanced security measures to protect users’ personal and financial information from fraud and identity theft.
The company has achieved incredible feats and is building innovative technologies for developing smart cities. The partnership between MaskEX and the Sheikh was initiated because of their shared vision of a smart city.
In the past year, the company got much attention from traders and investors in the UAE market, which led to extensive research and the idea of developing a new concept of a smart city in the UAE. MaskEX will use its innovative technology to improve the quality and access to services and increase efficiency and sustainability. In addition, MaskEX is now collaborating with a BIG 4 audit firm to protect the ecosystem and blockchain infrastructure.
After completing its strategy and implementation for the UAE market, MaskEX plans to expand to the MENA region to serve people and help them adapt to smart cities. Due to the MENA region’s popularity as a tourism destination and its diverse community of expatriates, MaskEX will be able to attract investors from different industries.
To fully realize the potential of smart cities, MaskEX will work with lifestyle retailers. The company has already signed hundreds of memorandums of understanding with merchants in various countries, enabling customers to pay for products, services, and even living expenses with a simple scan of their wallet.
When asked about the concept of a smart city, Eric Yang, CEO of MaskEX, said, “The smart city concept covers many sectors. Starting from healthcare, manufacturing, and many more. The most important is the new concept with our solutions. We will be contributing largely to the realization of this vision.”
With the support of MaskEX’s new shareholder, Sheikh Hamad Bin Rakad Bin Salem Bin Rakad, MaskEX expects to create a unique environment in the UAE market to attract more FDI in the region and create innovative solutions on the market. Consequently, MaskEX will move its headquarters from Canada to Dubai, United Arab Emirates.
The MaskEX app now provides users access to various digital industry services, which can be accessed through the app.
Community & Social Media:
Website |Twitter| Telegram| LinkedIn
Contact Details:
MaskEX Global
Tata Tcholaria Marketing & PR
Email: tamar.tcholaria@mask.net
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
Bill ‘On Digital Currency’ Caps Crypto Investments for Russians, Opens Door for Payments
Russia’s recently revised bill “On Digital Currency” limits crypto purchases for non-qualified investors while providing legal ground for some cryptocurrency payments, according to local media. The draft law, proposed by the Russian finance ministry, also introduces strict requirements for platforms ... read more.
PRESS RELEASE. Sheikh Hamad Rakadh Salem Hamad Alameri, a well-known Sovereign Wealth Fund (SWF) member of the Royal Family in Abu Dhabi, United Arab Emirates, has officially become a MaskEX shareholder following the signing of a Memorandum of Understanding (MOU) to develop a smart city in Dubai, United Arab Emirates.
Sheikh Hamad Rakadh Salem Hamad Alameri is a big supporter of Abu Dhabi’s 2030 Vision by directly contributing to the emirate’s social and human development and creating a sustainable, knowledge-based nation.
MaskEX is a Canadian company. It has successfully fulfilled the requirements of the MSB compliance program and is now fully prepared to comply with the regulations in the SCA and VARA compliance program in Dubai, United Arab Emirates. MaskEX has developed a payment system based on the principle of “Your Wallet, Your Way”, Which aims to make life easier for residents by providing a convenient and secure way to make payments and manage financial transactions. In addition, the system also uses advanced security measures to protect users’ personal and financial information from fraud and identity theft.
The company has achieved incredible feats and is building innovative technologies for developing smart cities. The partnership between MaskEX and the Sheikh was initiated because of their shared vision of a smart city.
In the past year, the company got much attention from traders and investors in the UAE market, which led to extensive research and the idea of developing a new concept of a smart city in the UAE. MaskEX will use its innovative technology to improve the quality and access to services and increase efficiency and sustainability. In addition, MaskEX is now collaborating with a BIG 4 audit firm to protect the ecosystem and blockchain infrastructure.
After completing its strategy and implementation for the UAE market, MaskEX plans to expand to the MENA region to serve people and help them adapt to smart cities. Due to the MENA region’s popularity as a tourism destination and its diverse community of expatriates, MaskEX will be able to attract investors from different industries.
To fully realize the potential of smart cities, MaskEX will work with lifestyle retailers. The company has already signed hundreds of memorandums of understanding with merchants in various countries, enabling customers to pay for products, services, and even living expenses with a simple scan of their wallet.
When asked about the concept of a smart city, Eric Yang, CEO of MaskEX, said, “The smart city concept covers many sectors. Starting from healthcare, manufacturing, and many more. The most important is the new concept with our solutions. We will be contributing largely to the realization of this vision.”
With the support of MaskEX’s new shareholder, Sheikh Hamad Bin Rakad Bin Salem Bin Rakad, MaskEX expects to create a unique environment in the UAE market to attract more FDI in the region and create innovative solutions on the market. Consequently, MaskEX will move its headquarters from Canada to Dubai, United Arab Emirates.
The MaskEX app now provides users access to various digital industry services, which can be accessed through the app.
Community & Social Media:
Website |Twitter| Telegram| LinkedIn
Contact Details:
MaskEX Global
Tata Tcholaria Marketing & PR
Email: tamar.tcholaria@mask.net
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Bill ‘On Digital Currency’ Caps Crypto Investments for Russians, Opens Door for Payments
Russia’s recently revised bill “On Digital Currency” limits crypto purchases for non-qualified investors while providing legal ground for some cryptocurrency payments, according to local media. The draft law, proposed by the Russian finance ministry, also introduces strict requirements for platforms ... read more.
PRESS RELEASE. ”SUPER SAPIENSS NFT” Public-Sale on December 24.
Financie, Inc. (headquarters, Tokyo; CEO, Hironao Kunimitsu; hereinafter “Financie”) has commenced to prepare for the IEO (*1) of the entertainment DAO project “SUPER SAPIENSS”. Additionally, “SUPER SAPIENSS NFT” will start a public sale from 24rd December, 6 am(EST) available for anyone.
SUPER SAPIENSS NFT https://supersapienss.com/nft/
SUPER SAPIENSS https://supersapienss.com/
Financie has launched the IEO support business in July 2022 to expand the “community-driven” creator economy. Financie will support the entity/group to develop and create the token economy, the structure, analyze and clarify the risk from the point of view of laws and regulations, accounting and tax (*2), prepare the applications for handling newly-issued crypto assets and token value calculations, and more by utilizing the experience and knowledge gained through the own IEO process. Financie already has a partnership agreement with Light Inc. to support their IEO, and are currently in discussions with Angkor Tiger FC, Iganmu Tiger FC, Japan Cycle League, and Ryukyu Astida, which have issued club tokens within FiNANCiE, in preparation for IEO.
“SUPER SAPIENSS” is an entertainment project initiated by three directors, Yukihiko Tsutsumi, Katsuyuki Motohiro, and Yuichi Sato, who lead the Japanese entertainment and film industry, and the producer Takeshi Moriya, known for “Midnight Swan” and other films, to carry out the entire process from creation of the original work to its visualization. Since the launch of the project on FiNANCiE in January 2022, it has been active with the co-creation community in the production of original videos and webtoons, and the NFT. By supporting the issuance of “SUPER SAPIENSS” crypto assets token, Financie will encourage “SUPER SAPIENSS” token economy to expand beyond FiNANCiE.
*1 IEO stands for “Initial Exchange Offering”. Exchange platforms facilitate token offerings and will perform a multitude of checks and due diligence processes before commencing a sale. In addition to raising funds, the use of tokens makes it easy to form and strengthen communities.
*2 Financie does not provide professional advice based on the Lawyers Act, the Certified Public Tax Accountants Act, etc.
【Outline of Public Sale】
Target: Anyone can purchase on the Mint website (first-come-first-served basis)
Period:
2022/12/24 6 am ~ 2022/12/25 6 am (EST)
2022/12/24 11 am ~ 2022/12/25 11 am (GMT)
2022/12/24 3 am ~ 2022/12/25 3 am(PST)
Quantity: 500 + the amount not sold out in the Pre-Sale at the Minting site (no limit of mints / up to 5 mints at a time)
Payment method: ETH payment
Remarks: The management will keep the unsold items and use them for burn or future development to avoid selling pressure.
Purchase Page：https://supersapienss.com/nft/
【Comments from the producers】
■Takeshi Moriya, SUPER SAPIENSS Producer
‘I am very excited to start the preparations for IEO.
We have been engaged in various activities as SUPER SAPIENSS for about a year, and it has passed so fast.
Starting with the community creating onFiNANCiE platform, we organized and commenced actor auditions, the Japan tour of “SUPER SAPIENSS THE BEGINNING,” which is led by members of the community, and NFT and WebTOON, that is now being launched. We wish to create new entertainment schemes through such activities.
In preparation for the IEO, we are considering various measures linked to the community tokens in FiNANCiE, and NFT holders, so that we can create an entertainment which everyone from all over the world can enjoy‘.
■Hironao Kunimitsu, CEO, Financie, Inc.
‘I think the success of this SUPER SAPIENSS IEO is very important for the future of NFT. We will do our best to make it.
As the one and only Web3 platform provider in Japan, Financie will continue to support the formation and expansion of the token ecosystem through its token-issuing crowdfunding service “FiNANCiE”, NFT business, and IEO support business, in order to achieve its corporate vision of “Empowering the next billion dreams”‘.
About Financie, Inc.
Financie, Inc. provides the businesses that support the formation of communities and ecosystems using tokens, including FiNANCiE, a token-issuing crowdfunding service that utilizes blockchain, NFT business, and IEO support business. Currently, more than 180 sports teams, entertainment projects, and individuals have issued/sold/operated their own tokens on FiNANCiE. We will establish Japan’s only Web3 platform that supports the formation and expansion of token ecosystems in a single integrated manner.
FiNANCiE｜FiNANCiE https://financie.jp/
App: App Store (Supported OS: iOS 14.0 and above)
https://apps.apple.com/jp/app/financie/id1470196162
App: Google Play (Compatible OS: Android 6.0 and above)
https://play.google.com/store/apps/details?id=jp.financie.ichiba
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
Bill ‘On Digital Currency’ Caps Crypto Investments for Russians, Opens Door for Payments
Russia’s recently revised bill “On Digital Currency” limits crypto purchases for non-qualified investors while providing legal ground for some cryptocurrency payments, according to local media. The draft law, proposed by the Russian finance ministry, also introduces strict requirements for platforms ... read more.
Source From : News