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CryptoUnity Exchange

• CryptoUnity is a cryptocurrency exchange that makes it easier for beginners to navigate the crypto ecosystem.
• The exchange stores users‘ funds with an independent, highly regulated custodian and provides educational resources to help users learn more about cryptocurrencies.
• CryptoUnity has partnered with Lenovo, passed audits by QuilAudits and CertiK, and provides its own utility token (CUT) to power its ecosystem.

Making Cryptocurrency Easier for Beginners

CryptoUnity is a Slovenian start-up that seeks to make the world of cryptocurrency more accessible and less intimidating to beginners. To this end, the company has created a user-friendly interface and comprehensive educational resources on its platform. In addition, CryptoUnity also focuses on safety by implementing cold wallet storage with an NFC card.

Transparency and Security Measures

The cryptocurrency space is all about transparency, which CryptoUnity takes seriously by passing audits from QuilAudits and CertiK. The project received a CertiK KYC Gold badge, demonstrating their commitment to providing verifiable background information for their users. Furthermore, CryptoUnity implements security measures such as cold wallet storage with an NFC card in order to keep users‘ funds safe.

The CUT Token

As part of the CryptoUnity ecosystem, there is also a utility token known as CUT which has a total supply of one billion coins. Holding CUT tokens grants holders access to various benefits including lower fees, rewards programs, education opportunities, presale spots for legitimate ICOs, and more. Additionally, holders can also enjoy additional benefits such as airdrops and giveaways exclusive to CUT holders.

Conclusion

CryptoUnity is an ambitious project that seeks to make it easier for newcomers in the crypto space to get started without feeling intimidated or overwhelmed by all the options available in the market today. By offering educational resources alongside secure storage solutions powered by their own utility token (CUT), CryptoUnity aims to bridge the gap between beginners and experienced traders alike while promoting greater transparency in the industry overall.

• Animoca Brands and Planet Hollywood are partnering to launch Club 3, a members-only NFT club in Los Angeles.
• Club 3 joins the league of exclusive clubs like the famous Bored Ape Yacht Club through its use of CLUB3 NFTs and ClubID platform.
• The club will open at Sunset Boulevard later this year, offering amenities that include community chat and web3 mechanics such as voting on promotions.

Animoca Brands & Planet Hollywood Launch NFT Club

Animoca Brands, a Hong Kong-based digital entertainment firm, has announced plans for a new members-only NFT club in Los Angeles in partnership with Planet Hollywood Group through Meta Hollywood. The exclusive NFT club is called CLUB 3 and will join the league of exclusive clubs like Bored Ape Yacht Club (BAYC).

Exclusive Membership With CLUB 3

At the centre of the new venture is ClubID, a new identity, Hollywood membership, and commerce platform scheduled for beta launch in 2023. Members will be required to mint a CLUB3 NFT to access four tiers of membership – Founding ($7,500), Social ($2,500), Global or Corporate Memberships. Amenities include community chat based on membership type as well as web3 mechanics such as voting on promotions and seasonal menus similar to those used by blockchain DAOs.

Location Of CLUB 3

The location of CLUB 3 has yet to be revealed but it is confirmed that it will open at iconic Sunset Boulevard later this year. The club will offer cocktails lounge and restaurant experiences alongside other exclusive amenities such as private events curated by top names in entertainment industry as well as surprise artist performances.

Benefits Of Being A Member

Membership also offers other benefits such as discounts on food & beverage services within Planet Hollywood Group’s portfolio which includes venues across Las Vegas; access to special member-only events; VIP tickets for sports games & concert tours; discounts & freebies from select brands & retailers; early access to limited edition merchandise; priority booking for hotels & car rentals; early bird ticketing options for select shows; complimentary spa treatments & more!

Conclusion

Club 3 promises to offer an unparalleled experience by combining traditional members-only clubs with cutting edge blockchain technology and Web3 mechanics. This project further solidifies Animoca Brands’ commitment towards creating innovative content offerings for fans around the world while bridging the gap between real-world and virtual club memberships with their partners at Planet Hollywood Group through Meta Hollywood!

• Visa and Mastercard have reportedly put brakes on their respective crypto-related products, citing uncertain market and regulatory conditions.
• Despite this, both companies are still focusing on blockchain technology.
• Visa has struck numerous partnerships with projects and services across the digital assets space as it aggressively pursued deals that currently number more than 60 crypto firms.

Visa & Mastercard Pauses Crypto Partnerships

Visa and Mastercard, the world’s leading payment card companies, have reportedly put brakes on their respective crypto-related products due to uncertain market and regulatory conditions. Despite this, both companies are still focusing on blockchain technology.

Increased Adoption of Cryptocurrencies in Payment Sector

The increased adoption of cryptocurrencies in the payments sector over the past two years has seen Visa and Mastercard take an aggressive approach towards integrating crypto. Visa has indeed struck numerous partnerships with projects and services across the digital assets space as it aggressively pursued deals that currently number more than 60 crypto firms, including those with Crypto.com and Nexo.

Visa Pushes Back on New Partnerships

Despite these efforts, Reuters reported that Visa has dropped plans for new partnerships as it pushes back on crypto-related products and services until the uncertain regulatory landscape changes. However, a spokesperson from Mastercard noted that they will continue to push forth with its blockchain technology efforts regardless of this pause in new partnerships.

Visa & Mastercard Focus On Blockchain Technology

As mentioned earlier, both Visa and Mastercard remain focused on how to tap into blockchain technology despite pausing new partnerships due to the uncertain regulatory landscape surrounding cryptos at present time. The companies are looking at ways to leverage blockchain’s efficiencies while remaining compliant with regulations related to digital asset payments systems.

Conclusion

In conclusion, despite putting a pause on their respective crypto products due to uncertain market conditions, Visa & Mastercard remain committed to leveraging blockchain technologies for efficient digital asset payments systems in compliance with applicable laws or regulations

• 17% of BUSD supply has been pulled from exchanges in the last week
• BNB has been resilient, above the level it was pre-shutdown announcement of BUSD
• Regulatory trouble continues for Binance, under investigation by Department of Justice

17% of BUSD Supply Redeemed This Week

The balance of BUSD on exchanges has decreased from $14.5 billion to $12.0 billion in a little over a week following an announcement that it was allegedly in violation of securities laws by its issuer, Paxos. As a result, minting new tokens has stopped and investors have queued for the exit.

BNB Resilience Above Pre-Announcement Level

Despite this news, BNB has remained curiously resilient, staying above the level it was pre-announcement. This could be due to the ongoing investigations into alleged anti-money laundering breaches by the Department of Justice targeting Binance, which is likely putting positive pressure on the token’s price.

Tether Migration?

This event may be seen as one step towards a gradual migration away from Tether as an industry, something which many have argued would be beneficial to crypto overall. With Paxos having to redeem tokens until February 2024 at least and trading pairs being reduced for the coin on Binance, this could become reality in time.

Conclusion

                                 The industry might slowly be waning itself off Tether with events such as these unfolding but only time will tell if this will be true or not. The fate of both stablecoins hangs in limbo and only time will tell what comes next for them and crypto more broadly.

• Binance Coin (BNB) price pulled back on Monday, becoming the worst-performing big-cap coin as regulatory concerns continued.
• Paxos has been directed by New York regulators to stop minting BUSD, which is backed by real assets and is used by Binance.
• The total amount of assets in Binance stands at $70 billion, with outflows in the past 24 hours and seven days standing at $343 million and over $400 million respectively.

Binance Coin Price Slips

Binance Coin (BNB) price pulled back on Monday, becoming the worst-performing big-cap coin as regulatory concerns continued. The main catalyst for the drop was news that Paxos had been directed by New York regulators to stop minting the stablecoin BUSD.

Outflows from Binance Exchange

The situation of inflows and outflows in exchanges is mixed. OKX, Huobi, Swissborg, and Binance US have seen over $10 million worth of inflows in the past 24 hours. Others like Bitfinex, Crypto.com, and Kucoin have had outflows. According to DeFi Llama, the total amount of assets in Binance stands at $70 billion with outflows in the past 24 hours and seven days standing at $343 million and over $400 million respectively – a sign that investors are cautious about the situation.

Backdrop of American CPI Data

Binance Coin price is also bracing for the upcoming American consumer price index (CPI) scheduled for Tuesday which will provide a clear picture of what to expect from the Fed.

What Is BUSD?

Like Tether and USD Coin, BUSD is backed by real assets including US dollars and other securities – it’s now become third biggest stablecoin globally after Tether & USD Coin as we wrote here..

Conclusion

It remains to be seen whether this crypto news will have a major impact on the coin but overall it appears that investors remain cautious about market movements due to increased regulatory scrutiny in recent weeks.

• Indonesia is planning to launch a national crypto exchange by June 2023.
• The government has identified five active and licensed platforms for the exchange.
• A Financial Sector Development and Reinforcement Bill, also known as the omnibus law, provides the regulatory oversight of crypto exchanges in Indonesia.

Indonesia to Launch National Crypto Exchange by June

The Indonesian Trade Ministry has announced plans to launch a national crypto exchange before the end of June this year. Currently, crypto assets trading in Indonesia falls under the purview of the Commodity Futures Trading Regulatory Agency.

Timeline for Exchange Launch

The original deadline for launching the exchange was set for December 2022 but due to delays, this had to be pushed back to June 2023. This follows new developments such as authorities suspending licensing of new exchanges.

Regulatory Oversight from Omnibus Law

In December 2020 lawmakers in Indonesia’s House of Representatives passed an omnibus law which is now considered as primary legal reference for its financial services industry. This includes regulation and oversight of crypto exchanges operating within the country.

Identifying Active Platforms

A review process is underway to identify five active and registered exchanges from a list of 25 which will become part of Indonesia’s national crypto exchange when it launches later this year. Trade Minister Zulkifli Hasan has urged caution with regards to rushing through this project so that investors are not harmed by the very project intended to protect them.

Growing Crypto Community in Indonesia

Indonesia is one of many countries with a growing cryptocurrency community who are increasingly aware and knowledgeable about digital asset trading and investments within their own borders. With legal frameworks now in place, more people will be able to access these markets safely and securely with confidence that there is protection available should any issues arise during transactions or investment activities.

• Metacade is a new project that is widely regarded in investment groups as a top pick for success in 2023 and beyond.
• The project has turned a lot of heads as a result of the comprehensive whitepaper released ahead of the presale, which details plans to build an extensive ecosystem of functionality around the P2E arcade.
• With some incredible presale results pouring $3.9 million into the project in just 9 weeks, many are turning to the idea that Metacade just might be a project capable of leading a bear market rally.

The crypto winter has hit hard in 2022, with difficulty saying how long it will continue. Experienced investors know that while interest in crypto may be a little lower, bear markets are actually the perfect time to accumulate strong projects with utility in order to make the most of the next bull run. Even in bear market conditions, there are still gains to be made in a bear market rally. One project that is widely regarded in investment groups as a top pick for success in 2023 and beyond is Metacade.

Metacade is a revolution in Web3 gaming, and the project is well underway on its ambition to build the largest play-to-earn (P2E) arcade in the metaverse. The project has turned a lot of heads as a result of the comprehensive whitepaper released ahead of the presale, which details plans to build an extensive ecosystem of functionality around the P2E arcade, driving huge levels of engagement and shaking up gaming in the process. The whitepaper covers a number of features, including a comprehensive rewards system that allows players to earn rewards through game play, a strong referral system that incentivizes players to bring in new users, and a secure wallet system that allows users to securely store their earnings.

The project is leveraging the most expansive set of gaming titles, and this is making it a prime candidate for some serious momentum to build in 2023. This is compounded by the positive impact of a number of other complementary features that make up the Metacade ecosystem, such as a marketplace for players to buy and sell virtual items and in-game currencies, a decentralized exchange for gamers to trade tokens, and a strong social media presence.

The presale results of Metacade have been nothing short of incredible. With over $3.9 million raised in just 9 weeks, many are turning to the idea that Metacade just might be a project capable of leading a bear market rally. The presale was organised in collaboration with a number of leading venture capital firms, and the success of the project thus far is testament to the potential of Metacade and its underlying technology.

In conclusion, Metacade is a project that is widely regarded as a top pick for success in 2023 and beyond. With a comprehensive whitepaper, a strong presale performance, and a unique set of features, Metacade is well positioned to lead a bear market rally and become a major player in the gaming world.

• Koinos Group announced a $500K seed round led by Blockchain Founders Fund, with blockchain gaming platform Splinterlands participating.
• The Koinos Group will use the funds to develop Koinos Pro, a subscription product that allows developers to release highly scalable decentralised applications (dApps).
• Koinos Pro is a software that will help completely remove entry barriers for developers to create dApps.

The Koinos Group, the developers of the free-to-use blockchain Koinos, have recently announced a $500,000 seed round led by the Blockchain Founders Fund, with blockchain gaming platform Splinterlands participating. The Koinos Group will use the funds to develop Koinos Pro, a subscription product that allows developers to release highly scalable decentralised applications (dApps).

Koinos Pro is a software that aims to completely remove entry barriers for developers to create dApps. It will enable developers to easily build and deploy their applications with minimal effort and cost, while also providing them with a range of tools and services to help them create the best product possible. The software will also provide developers with access to a library of pre-built modules, allowing them to quickly and easily create dApps.

The Koinos Group will also use the funds to create a community of developers and users, allowing developers to collaborate with each other and share best practices. This will enable developers to create dApps quickly and efficiently, freeing up their time to focus on creating the best product possible.

The Koinos Group CEO, Andrew Levine, believes that the Blockchain Founders Fund is demonstrating leadership in the blockchain space by committing funds to a company whose entire business model is based on supporting a truly decentralised platform, rather than a platform that is decentralised in name only.

This news is a significant step forward for the Koinos Group, as it demonstrates the trust and confidence that investors have in their project. This funding will enable the Koinos Group to continue to develop their product and bring it to market, allowing developers to easily create dApps and unlocking the potential of the blockchain technology.

• Venom Foundation and Iceberg Capital have partnered to launch a $1 billion venture fund called Venom Ventures Fund (VVF).
• The blockchain-agnostic fund will invest in innovative protocols and Web3 dApps, focusing on long-term trends such as payments, asset management, DeFi, banking services, and GameFi.
• The fund’s leadership team consists of some of the world’s most experienced traditional finance and blockchain professionals; including Peter Knez, ex-CIO at BlackRock and Mustafa Kheriba, a seasoned and well-known investment professional with an impressive track record in the MENA region.

The Abu Dhabi Global Market (ADGM) has announced a new partnership between the Venom Foundation and Iceberg Capital to launch a venture fund called Venom Ventures Fund (VVF). The fund will be one of the first blockchain-agnostic funds with a focus on investing in innovative protocols and Web3 dApps, with a total value of $1 billion.

The VVF is dedicated to supporting the development of the next-generation of digital technologies and entrepreneurs. It will focus on long-term trends such as payments, asset management, DeFi, banking services, and GameFi. Furthermore, the fund will provide incubation programs and access to a vast industry network, as well as marketing, exchange listing, technical, legal and regulatory support.

The VVF is led by a team of experienced traditional finance and blockchain professionals. This team includes Peter Knez, ex-CIO at BlackRock and Mustafa Kheriba, a seasoned and well-known investment professional with a successful track record in the MENA region.

The Venom Foundation is the first Layer-1 blockchain licensed and regulated by the ADGM. Its purpose is to provide a secure and transparent platform for the development of digital applications.

The Iceberg Capital, on the other hand, is a regulated investment manager, providing professional services for portfolio management, investment structuring, and corporate finance. This partnership between the Venom Foundation and Iceberg Capital creates a unique opportunity to capitalize on the potential of the blockchain and Web3 dApps.

The VVF is expected to have a significant impact on the blockchain and Web3 space, helping build strong foundations for the next generation of digital technologies and entrepreneurs. With its focus on long-term trends, the fund is set to become the leading supporter of the blockchain and Web3 ecosystem.

• MyEtherWallet’s CEO believes that blockchain technology should be used to build decentralised products.
• The CEO added that MyEtherWallet remains a decentralised wallet because that is the best way to use blockchain technology.
• Self-custody has been gaining traction in the cryptocurrency space since the collapse of the FTX crypto exchange two months ago.

MyEtherWallet is a non-custodial wallet that was launched two weeks after the Ethereum mainnet launch. Recently, the company’s CEO Kosala Hemachandra spoke to Cointelegraph about his views on blockchain technology. He believes that blockchain should be used for decentralised purposes, and that creating centralised products defeats the purpose of using blockchain technology.

Hemachandra stated that MyEtherWallet remains a decentralised wallet because they believe it is the best way to use blockchain technology. He added that self-custody has been gaining a lot of traction in the cryptocurrency space since the collapse of the FTX crypto exchange two months ago. MyEtherWallet is one of the oldest non-custodial wallets in the Ethereum ecosystem, and it continues to offer its users a secure and reliable service.

The MyEtherWallet team is committed to furthering the development of a decentralised ecosystem. They are constantly working on new features and services that will enable users to have full control over their digital assets. The team also plans to launch an airdrop in the near future, as a way to reward existing users and to attract new users to the platform.

With the increasing popularity of blockchain technology, it is important for companies like MyEtherWallet to stay true to their core principles and remain committed to providing a secure and decentralised service. The team is focused on making sure that their users have full control over their digital assets and that their data remains safe and secure. The company is also constantly striving to ensure that they are up to date with the latest technology and security protocols.