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    Spark Looks To Reimagine Token Launches And NFT Drops Spark is a new, unique and creative solution to problems faced during whitelisting and randomized minting while also addressing issues that crop up during prelaunch NFTs and token allocations. The platform is looking to reimagine on-chain project participation. Launch Announcement  The Spark team had announced the launch of the project on their Twitter handle on 16th December 2021, describing the project as an attempt to spark investment in gaming NFT projects through the use of prediction markets.  The team also announced an AMA with Crypto Eagles, putting out a tweet stating,  “We can't begin to explain how excited we are to bring the Spark marketplace and our FPLs to the crypto community!” The Vision Behind Spark Spark tackles the whitelisting and minting problems faced during token launches, and NFT drops through the introduction of a brand new marketplace. The marketplace is easy to use and seamlessly brings together creators and communities. Metaverse integration and gaming NFT solutions will enable Spark to offer the crypto community a dynamic and engaging environment. It will also help the platform foster accessibility and equitability to the entire crypto industry. As mentioned earlier, prelaunch NFTs and token allocations face a host of issues. Spark addresses the problems of transparency, accessibility, efficiency, and engagement, helping reshape on-chain project participation. A New Approach To Fair Prediction Launches Spark takes a new approach to help it facilitate Fair Prediction Launches that help to distribute tokens and NFTs impartially and engagingly. Unlike other whitelisting platforms that function on a first-come-first-serve basis or a randomized basis, Spark looks to give back control of token and NFT distribution to the community at large. Users of the platform will receive token or NFT allocations based on their ability to predict events, outcomes, or data points. More Than Just A Launchpad Spark is also a one-stop-shop for earning staking rewards, prediction rewards, and gaining allocations. The platform also helps users find different communities of like-minded individuals or around their interests. Metaverse Integration Spark’s metaverse integration will enable the platform to offer prediction tournaments and guilds on a weekly and monthly basis. This approach will enable the platform to incorporate a more competitive aspect to prediction events, which will also form the cornerstone of the platform. The platform’s distribution process will also help to bring together creators and communities by utilizing interactive prediction events. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

    14 Jan
  3. 48
    Setback For SEC In Case Against Ripple As Judge Orders ... The SEC suffered a setback in its case against Ripple when the judge presiding over the case ordered the former to turn over former Director of Corporation Finance William Hinman’s speech on Ethereum, a move which works in favor of Ripple.  The statement made by Hinman supports Ripple’s case, questioning the validity of the fair notice defense.  A Little Background  Ripple had been sued by the SEC in 2020, with the latter bringing a host of charges against Ripple and its founders. The SEC contended that Ripple sold and continues to sell XRP in violation of federal securities law. They stated that Ripple was aware of XRP’s status as a security. Since the initiation of the suit, Ripple and the SEC have been involved in a continuous back and forth regarding the documents needed to be made available through the discovery process. On its part, Ripple has requested several documents regarding the SEC’s internal policies and communications.  SEC Refuses To Release All Documents  Attorneys representing the SEC have claimed that the documents that Ripple is asking to be released contain staffer deliberations and are hence protected against discovery. However, Magistrate Judge Sarah Netburn of the Southern District of New York ruled that while some documents are protected, other documents, which also included an email with Hinman’s speech, and other documents from meetings between SEC staffers and third parties be turned over.  Speaking about the order, the General Counsel for Ripple, Stu Alderoty, commented,  “We’re pleased with the Court’s order, which grants Ripple access to important documents that the SEC was withholding. We will continue to aggressively defend this case – and we remain optimistic that resolution of this case will provide much-needed clarity to the industry.” William Hinman’s Speech  One of the documents that the SEC would be required to surrender is a draft of a 2018 speech by William Hinman. The email draft contains excerpts from Hinman’s speech telling an audience that he believed Ether was not a security. The speech is significant for the crypto industry because the first 60 million ETH were sold to raise funds for the Ethereum Foundation. However, Ether is now viewed as a commodity, falling under the Commodity Futures Trading Commission, the organization that overlooks derivative products based on crypto.  Speech Contained Personal Views  Hinman had stated at the time that his speech reflected his own views, a point that judge Netburn made a reference to during her ruling, stating,  “The personal views of agency employees are not protected by the privilege unless they bear on ‘the formulation or exercise of policy-oriented judgment. Accordingly, emails concerning the speech or draft versions are neither predecisional nor deliberative agency documents entitled to protection.” However, the judge also ruled that a separate email sent by the former director a day prior to the speech needn’t be turned over.  “The documents related to SEC staff’s legal analysis of XRP contained the SEC’s staff preliminary views during the Division of Enforcement’s investigation into XRP and did not present a recommendation to the SEC.” The SEC also does not need to turn over any notes from meetings between Ripple and SEC staffers. Ripple has sought access to 14 separate entries and three additional documents.  Gensler Remains Adamant  In an interview with CNBC Squawk Box, Gary Gensler, Chairman of the Securities and Exchange Commission, stuck to his guns, calling most cryptocurrencies, including Ether, securities. However, again, Gensler did not provide any clarity as to why he would classify them as securities.  When asked if he thought Ethereum should also be viewed as a security, he stated,  “If you’re raising money from the public and the public is in anticipation of profit based upon that promoter’s, sponsor’s, that group’s, efforts, that’s within the securities laws.” Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

    14 Jan
  4. 49
    MiniBTC gets involved in charity projects MiniBTC is more than simply a platform; it offers its members a variety of benefits and encourages them to volunteer for charitable causes.   They are performing this act of kindness to help children in need since each team member is either a father or a mother, and they understand the difficulties that the children face.   MiniBTC merging charity projects For investors and traders, it is a tool for making a profit. A part of the profit is donated for social causes, helping those in need. In this regard, there is a project where 1% of each target platform is intended for charity - MiniBTC.   The project is successfully working and developing day by day. The first partner of the MiniBTC is 'Red Crescent of Kyrgyzstan'. Before the New Year holidays, this charity received its first $ 500 from the MiniBTC team. For this tiny sum, people from disadvantaged families who are forced to live at the landfill got a little bit brighter holiday and well-welcomed gifts.   The cryptocurrency project team plans to give monthly assistance to the "Red Crescent of Kyrgyzstan.   " Additionally, MiniBTC is always open to new partners who provide service to children and need financial support for charity. ‘’We believe in one simple principle. All children have rights: the right to be healthy, educated, and protected. We also believe that cryptocurrency can be a force for good. If you share our convictions and wish to be a part of it, join our global movement.’’   How can you get involved in the project? Is it necessary to donate? To help children, it is not necessary to contribute something to the project. It is enough to be an active user: buy, receive, send MiniBTC cryptocurrency. The smart contract itself will take in the form of an insignificant commission for a percentage and put it in the charity's piggy bank. At the end of the month, the accumulated amount will be sent to the children, and perhaps it will make someone smile and give a little joy.   Globally, children are deprived of their future because of the global economy, inequality, and greed that is fueling the climate crisis. It is popular with the clients using the people's services as mentioned above.     The pandemic has drawn attention to this uncomfortable reality. The new crypto economy must solve these problems. And by sending a few MiniBTCs to a friend or buying them on an exchange, you can make a significant difference in the lives of children and their families. About MiniBTC   MiniBTC is a new community-driven DeFi coin that provides automated liquidity and pays out-static incentives to holders on the Binance Smart Chain. The project's concept is to give benefits to holders while also providing a new source of support to youngsters as the platform includes charity to those in need.     MiniBTC is the aster, has low expenses, and is considerably greener and more convenient in the DeFi sector. Follow them on social media to stay up to date, be a part of this community, and be ready to participate in the new BTC: Twitter, Youtube, Telegram, Website.   Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice

    kg 14 Jan
  5. 92
    Crypto on par with the internet of 30 years ago The internet was a once in a generation technology, offering opportunities that the mainstream certainly wasn’t able to recognise at the beginning. Since then it has become an inseparable part of daily life for many. It could be said that blockchain and cryptocurrencies are like the internet of 30 years ago, and what is ahead will change the globe in an even more disruptive manner. It may be that many will not remember the early stages of the internet. In the early 90s Tim Berners Lee and his colleagues at CERN developed HTML and URL. The World Wide Web then took off in earnest in 1995 as Microsoft Windows 95, Amazon, Yahoo, and EBay all launched. It could very well be argued that crypto is at that same point of development now as the internet was back in 1995. We all know what happened to the internet after that point and how the aforementioned companies, as well as many others, grew to be the giants that they are today. In an article published today on CNBC, Ric Edelman, founder of Financial Engines, and leader of the Digital Asset Council, said: “This is really like the internet back 20 or 30 years ago. We have to recognize that this only comes along once in a generation. And the innovative technology is allowing businesses to operate faster, cheaper with greater transparency, greater security, and this is why businesses are falling over themselves with development of blockchain technology,” It can be said that if this statement is true, then it might be wondered why governments, regulatory authorities, and banks, have been so eager to besmirch the technologies. In the same way, the internet was laughed at by many in the early days. Like new tech throughout history, many, if not all extremely disruptive new technologies go through their laughter phase until the penny drops. It would appear that governments, and those from the legacy financial system are certainly not laughing now. That phase has definitely passed, as crypto has become a 2 trillion dollar value asset, and is expected by many to surpass the market cap of gold in the next few years. Edelman commented on how he thought crypto would experience the same rapid growth of the internet: “We now have the benefit of experience. We know how the internet just exploded in growth through the 1990s. That’s where we’re at today – incredibly early for the investors who are recognizing the opportunities that aren’t going to exist 10 or 15 years from now the way they exist today.” There are many obstacles still to be overcome, but the age old adage that you can’t stop progress is as true today as it’s always been. Governments are going to launch their central bank digital currencies, but these are just more of the same of the collapsing fiat system we have now.  Yes, they will be of huge use to governments in controlling the monetary supply (and the population) but it is hoped that transparency, security, and freedom to spend your money how you like will win out in the end. It’s not just about finances, there are so many diverse sectors that will benefit from the crypto revolution. We’ve seen many advantages already, but it is hoped that in the next ten years blockchain and crypto will become even more disruptive than the internet is today Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. 

    14 Jan
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