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Binance has Received the MVP License from Dubai’s VARA – Here’s What You Should Know About It!

Posted on by Subh Rath

Because many users can access the Binance platform, its immense popularity is not surprising. Today, this cryptocurrency trading platform handles the most volume of transactions around the globe.

Following the issuance of its provisional license earlier in March, the global blockchain services provider Binance has earned a minimal viable product (MVP) license from Dubai’s Virtual Asset Regulatory Authority (VARA).

What Does This Permit Entail, Exactly?

Within Dubai’s internationally benchmarked legislative framework for virtual asset service providers, Binance is now authorized to deliver an approved range of virtual asset-related services to appropriately qualified retail and institutional investors, thanks to the MVP license.

Simply put, Binance is dedicated to upholding rigorous investor and market protection principles, and the exchange will only work with customers who have been pre-screened and approved by VARA. These customers will now be able to take advantage of the local banking channels made available due to the industry’s first regulatory license of its kind.

Here are some key takeaway points of this transition:

  • Trading on a regulated platform under the supervision of VARA in Dubai will result in higher consumer protection levels for the platform users.
  • The license will be a significant achievement after several registrations for Binance’s local organizations in the Middle East and North Africa region and throughout Europe in Italy, France, and Spain.
  • Lastly, this transition allows Binance to open a client money account with a domestic bank, which will provide various services to qualified customers. These services will include virtual asset exchange, transfer, virtual asset and fiat currency conversion, custody and management of virtual assets, virtual token and trading services, and payment through virtual assets and remittance services.

Play your Favorite game – Castle Crush – on IndiGG to win 650 free giveaways!

Posted on by Subh Rath

Do you love playing Castle Crush? If so, we have some excellent news for you! You can now play the game on IndigiGG, one of the gamers’ most popular social networks. Even better is that playing on IndiGG allows you to enter into our free giveaways and win some fantastic prizes. So what are you waiting for? Start playing today!

Castle Crush is a popular Real Time Strategy (RTS) game that can be played on mobile devices and computers. RTS games have been around for a while and are usually very engaging and challenging. Castle crush is an RTS game that is free-to-play. In the game, you have to use different troops to destroy your opponent’s castle while also protecting your castle from the enemy. A card represents each unit in the game. The cards have different stats, such as health and attack points. You can use these cards to deploy troops and attack the enemy.

The game is easy to pick up and addictive, perfect when you need a quick break from your routine life. Plus, it’s free-to-play, so you can enjoy it without spending a dime.

Castle Crush is a rage in the Indian subcontinent. Their developers, Wildlife Studios, have extensive experience building solid mobile games with core gameplay loops that engage their audience in meaningful gameplay. Hence, the collaboration with IndiGG-the largest gaming DAO of the Indian subcontinent, was an organic one.

Playing this engaging game on the IndiGG platform makes sense as they have 650 free in-game assets waiting for you when you sign up – so hurry and claim them before they’re all gone! And don’t forget – there’s a huge income opportunity just for the IndiGG community!

Click https://forms.gle/1QQnLqTzYTQrKwiD7 to sign up and get started on crushing those adversaries!

IndiGG is a great place to play Castle Crush for free. You can win prizes and giveaways just by playing the game. IndiGG has a wide variety of games to choose from, so you’re sure to find one you’ll enjoy. Plus, IndiGG is constantly adding new games and giving away more prizes, so be sure to check back often.

Castle Crush was launched in 2016. The direct, fast-paced, and fun battle system has developed a strong community of 1.4 million active users. So, if you’re looking to crush your enemies, protect your own, and earn big while doing it, Castle Crush is the game for you!

About IndiGG

IndiGG is building the world’s largest Web3 gaming DAO centred in India. We’re onboarding the 500M+ gamers of India to the Web3 gaming ecosystem and enabling earnings for the DAO members. We do this by partnering with the best gaming studios and developers globally and thereby increasing their probability of success by creating relevant micro-communities.

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Study names Samsung as the Most Active Investor in Crypto and Blockchain Startups

Posted on by Subh Rath

Samsung invested in 13 crypto/blockchain firms between September 2021 and mid-June 2022, making the corporation the most active among the top 40 corporations. On the other hand, Google’s parent company, Alphabet, leads the list of top firms that participated in the largest investment rounds.

According to research firm Blockdata’s survey of leading businesses’ investments in blockchain and crypto startups, Samsung has invested in 13 firms. United Overseas Bank is the second most active, with 7 investments, closely followed by two American financial services behemoths, Citigroup and Goldman Sachs.

The report further asserts that forty large firms financed around $6 billion in blockchain startups between September 2021 and June 2022.

Quick facts stated in the study:

  • Samsung made 13 investments among the 40 organizations, Citigroup made six, and Goldman Sachs made five.
  • Google parent Alphabet (US$1.5 million in four rounds), BlackRock (US$1.2 million in three rounds), Morgan Stanley (US$1.1 million in two rounds), Samsung (US$979 million in 13 rounds), Goldman Sachs (US$698 million in five rounds), BNY Mellon (US$690 million in three rounds), and PayPal (US$650 million in four rounds) were among the investors in the largest funding rounds.
  • 61 blockchain or crypto businesses — engaged in over 20 industries and 65 use cases — secured funding in 71 rounds.
  • 19 organizations selling non-fungible tokens (NFTs) are from gaming, arts and entertainment, and distributed ledger technology.

Samsung Crypto Exchange is coming up

It was recently reported that Samsung Securities, the tech giant’s investment company, is considering opening its cryptocurrency exchange in 2023.

Read: https://cryptoiscoming.com/samsung-among-others-plans-to-launch-crypto-exchanges-next-year/

Six other large exchange-listed businesses, including Mirae Asset Securities, aim to launch a crypto trading platform in 2023.

These businesses, which deal directly with securities, are collaborating with South Korean financial institutions to get a license to execute exchange activities. The discussions are said to be nearing completion.

In the last year, Samsung has undertaken several initiatives in this regard. The South Korean conglomerate has created a wallet feature for its Galaxy series of smartphones and a television that supports non-fungible tokens (NFTs) and Cardano exposure (ADA).

According to local media, their upcoming exchange would focus on security tokens. It is worth noting that the business attempted to develop a trading platform for these assets last year but could not do so owing to a shortage of skilled personnel.

White House Releases a Detailed Framework for Regulating Digital Assets

Posted on by Subh Rath

In recent years, the market for digital assets has expanded rapidly. Digital assets have been purchased by millions of people worldwide, including 16% of adult Americans, and their market capitalization hit $3 trillion in November of last year.

Now where the widely purchased and opted digital assets play a vital role in benefiting the global financial system, the drawbacks as unfortunate events in the crypto market have also impacted how the investors see these digital assets. 

However, with the first government-wide strategy for mitigating the dangers and capitalizing on the opportunities presented by digital assets and the underlying technology being laid out in an Executive Order (EO) signed by Vice President Joe Biden on March 9 – there’s more to come for us to evaluate and benefit from the digital assets. 

Here’s everything you need to know about this framework:

  • Six months after US Vice President Joe Biden requested federal agencies to investigate the pros and cons of digital assets and submit their results, this framework was unveiled.
  • The potential advantages of a CBDC issued by a central bank were emphasized in this model. The CBDC is designed to be a digital currency; fully backed by the US government and governed by a centralized authority, like the Federal Reserve.
  • Getting rid of illicit practices is another topic covered in this framework. As per the fact sheet, the US President plans to ask for changes to be made to the Bank Secrecy Act (BSA), anti-tip-off statutes, and unlicensed money transmitting laws so that they apply explicitly to providers of digital assets like NFT and relevant exchange platforms.

Conclusion:

In the end, it is worth mentioning how the Director of the National Economic Council, Brian Deese, claims that the new mandates will position the United States as a global leader in the governance and management of digital assets. But will it work as advertised in the cryptosphere?

What to Expect Post the Ethereum Merge?

Posted on by Subh Rath

The Cryptocurrency industry has witnessed 2022 to be quite an eventful year. We are unquestionably in a bear market, with prices dropping by nearly a trillion dollars and fluctuating wildly.

But the year is far from over still. There is likely more in store for the Cryptocurrency industry. The Ethereum Merge, for example, is promising news that might be seen as a way out of the darkness.

What is the Ethereum Merge?

As the digital and blockchain worlds rapidly develop, thousands of firms and projects in the cutting-edge field of decentralized finance are moving to Ethereum for lending, borrowing, and other complex investment alternatives. In addition, Ethereum is also used as the foundation for a large number of digital valuables like nonfungible tokens, NFTs, etc.

Amongst all this, the Ethereum merge is an advanced approach to changing how Ethereum verifies its transactions. In this Eth Ethereum Merge, the Beacon Chain is Ethereum’s next proof-of-stake consensus layer and aims to integrate with Ethereum’s existing execution layer. With the help of this mage, staking ETH instead of mining for network security reduces energy consumption. As a result, this hugely promising development expects more scalability, security, and longevity in the Ethereum network.

How Will This Bring a Positive Change in the Cryptocurrency Industry?

According to Ethereum, the promising development that the Ethereum merge will introduce is a roadway to significant benefits for projects and investors involved in the cryptocurrency industry.

Some benefits that we can expect post the Ethereum merge are:

  • Adoption of Proof of Stake: Proof of Stake is a more efficient consensus technique regarding the network’s logic. It is obvious how Ethereum’s shift from Proof of Work to Proof of Stake will be a massive benefiting factor for everyone involved in the Ethereum ecosystem.
  • Reduced Energy Consumption: Another noteworthy benefit that can be expected post the Ethereum merge is the reduction of Ethereum’s energy consumption by 99.95%. This reduced energy consumption will also be achievable through the transition of Ethereum from Proof of Work to Proof of Stake – shaping into one of the most revolutionary changes in the cryptocurrency industry.
  • Future Scaling Upgrades: With sharding and other future scaling upgrades laying the groundwork for improvements, the Ethereum ecosystem will be better able to prepare and advance itself for the future. Besides, with the cryptocurrency market expanding and evolving, efficient changes and improvements will be the need of the hour for the Ethereum ecosystem.
  • Functioning Transformation: Another positive trait that Ethereum merge will bring along is the fundamental transformation of the functioning of Ethereum’s system. As a result, this transformation will serve as a gateway for extensive potential use cases and successful cryptocurrency investment stories. 

 Conclusion:

While the Ethereum Merge is much-awaited news in 2022, it’s still unclear if its applications will extend beyond the cryptocurrency industry. So let’s wait and see!