Polygon Labs Launches $85 Million Developer Fund to Attract Web3 Talent ♾
➡️ On Thursday, Ethereum scaling solution Polygon Labs announced the launch of an $85 million grant program with the goal of attracting top Web3 talent to build on its network. The initiative will provide funding and support to promising projects across decentralized finance (DeFi), gaming, social media, identity solutions, and more.
➡️ Polygon will distribute the grants in the form of its native MATIC token. In total, 110 million MATIC worth $85 million will be made available. Developers can apply for direct, larger grants or smaller quadratic funding grants, where donations from the Polygon community help determine grant recipients.
🟢 The move comes as competition heats up between Polygon and rival layer 2 networks operating on Ethereum. Networks like Optimism and Arbitrum are similarly focused on providing scalability and low transaction fees to attract developers.
🔔 Polygon has become one of the leading Ethereum scaling solutions, with over 250 million total transactions processed. Congestion is still an issue during periods of peak demand, however. The developer grants seek to improve Polygon’s tech stack while expanding its decentralized app ecosystem.
➡️ The $85 million fund solidifies Polygon’s commitment to advancing Web3. With rising developer interest in blockchain technology, Polygon’s grants could catalyze the next generation of decentralized applications.
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💰 Finally – an AI game token that can make you 100x in 2024! Buy $CATCH now
Professional gaming studio Pixelfield presents: SpaceCatch, a Move2Earn game with advanced AI and augmented reality 💪
• Strong public team & working demo (v.0.16.6)
• 8 utility streams for $CATCH
• NFTs sold out in 33 seconds
• Advanced AR with real-time environment scanning
⚠️ Community pre-sale is closing soon!
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Professional gaming studio Pixelfield presents: SpaceCatch, a Move2Earn game with advanced AI and augmented reality 💪
• Strong public team & working demo (v.0.16.6)
• 8 utility streams for $CATCH
• NFTs sold out in 33 seconds
• Advanced AR with real-time environment scanning
⚠️ Community pre-sale is closing soon!
📣 You can still buy $CATCH at $0.06 before it goes to $0.08! https://spacecatch.io/
Join Telegram: https://t.me/spacecatch_io
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🕹 Time to level up! Bluelight.inc is now on Mainnet, starting November 14th!
Welcome to Bluelight:
🦄 Dive into a free-to-play collectible card game (CCG) with economic simulator mechanics. Set in the quirky universe of "Take My Muffin" and echoing the vibes of virtual Silicon Valley, Bluelight.inc offers a unique and captivating gaming experience.
➡️ Channel your inner startuper, tackle adventurous project quests, and lead your virtual startup to triumph.
➡️ Continue the journey in our ongoing Bluelight Open Beta Season 00. Conquer the leaderboards, earn real game NFTs and $KALE tokens!
📢 Keep an eye on @Bluelightworlds for the latest updates and twists!
Website | Telegram
Welcome to Bluelight:
🦄 Dive into a free-to-play collectible card game (CCG) with economic simulator mechanics. Set in the quirky universe of "Take My Muffin" and echoing the vibes of virtual Silicon Valley, Bluelight.inc offers a unique and captivating gaming experience.
➡️ Channel your inner startuper, tackle adventurous project quests, and lead your virtual startup to triumph.
➡️ Continue the journey in our ongoing Bluelight Open Beta Season 00. Conquer the leaderboards, earn real game NFTs and $KALE tokens!
📢 Keep an eye on @Bluelightworlds for the latest updates and twists!
Website | Telegram
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IRS Holds Hearing on Digital Asset Reporting Regulations Following Pushback ❗️
♾ Following massive pushback from the crypto industry, the Internal Revenue Service (IRS) held a public hearing on Monday morning, chiefly discussing their recently proposed digital asset broker reporting regulations. Initially filed on August 29th, 2023, the IRS’ proposed regulations have been at the epicenter of controversy, with nearly 125,000 comments listed on the document as of Monday, November 13th.
🟢 Proponents believe the regulatory framework would open the door to accurate accounting and taxation of cryptocurrencies. However, critics argue the proposed regulations would negatively impact the cryptocurrency sector as a whole by threatening consumer privacy and ultimately extending government overreach.
➡️ The proposed regulation has been criticized for its use of the term broker, which includes “a dealer, a barter exchange, and any other person who (for a consideration) regularly acts as a middleman with respect to property or services.” Critics argue that the definition is too vague given the wide variety of entities that could be classified under the same umbrella.
💬 “The Proposed Regulations interpret the term “broker” to include “digital asset middleman,” a vague and expansive category of market participants that bears little resemblance to the persons historically considered brokers,” a comment reads in part from the DeFi Education Fund.
💬 “The IRS is so fixated on retrieving customers’ personally identifiable information (PII) and ensuring taxes are properly reported that is ignoring the costs of over-reporting,” states a comment from American for Tax Reform. “This goes beyond what is required of traditional brokers.”
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US Congress Kicks Against SEC’s SAB 121 Rules in Latest Memo 📣
📌 The US Securities and Exchange Commission’s (SEC) latest release of its Staff Accounting Bulletin (SAB) 121 is receiving major backlash from legislators.
➡️ Making their opinions heard in a memo dated November 15, several members of the US Congress wrote to the Chairman of the FDIC Board, Acting Comptroller of the Currency Michael Hsu, and other key financial authorities.
♾ They aim to draw attention to the SEC’s SAB 121 ruling published on April 11, 2022.
👌 Providing context, the band of senators stated that the SAB 121 only came into public scrutiny following a Government Accountability Office (GAO) finding, which showed that the SEC’s directive was a rule meant for the Congressional Review Act.
⚡️ SAB 121 is a rule introduced by the SEC, mandating financial institutions, credit unions, and banks offering crypto custodial services to keep a specified amount of funds backing their customers’ digital assets.
📣 Countering this directive, the US Congress unequivocally stated that the SAB 121 rule should not have any legal effect on the stated financial institutions.
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Islamic Coin is expected to make another listing this year to attract liquidity and raise the price of its token!📌
♾ The official listing of $ISLM was conducted October 10th on KuCoin. Islamic Coin also announced that KuCoin is only a kickstarter and soon there will be listings on other top-tier exchangers and that means new liquidity is coming up too.
📣 Islamic Coin has the UAE Royal Family members on Executive Board and is backed by top names in finance. The coin is committed to empower 1.8B+ Muslims with a gateway to Shariah-compliant Web3. Even before the official listing Islamic Coin secured $400M from private investments and from ABO Digital.
👌 Developers claim that if at least 3% of Muslim community holds their ISLM, the capitalization will be comparable to BTC. And they already have the biggest Twitter account among crypto Muslim community with 1.3 million followers. Partnerships with SushiSwap and Pyypl will help further expand Islamic Coin's ecosystem, providing liquidity and staking assets, and setting the stage for lucrative token mining opportunities.
⚠️ Get ready to witness the birth of a coin that could very well disrupt the $2 trillion Islamic financial market. Join Islamic Coin Official Telegram Channel not to miss any updates and visit KuCoin to trade and deposit ISLM.
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Republic Plans to Pay Users’ Dividends on Avalanche Blockchain 📣
🟢 Next-generation investment and technology firm Republic has announced plans to issue its upcoming digital asset on the Avalanche blockchain network. Called Republic Note, the digital asset will serve as a form of dividend payout for investors who tap into the extensive portfolio of the Republic investment infrastructure.
🔴 Providing more context on a tweet on X (formerly Twitter), the firm stated that Republic Note is its flagship investment product. With this dividend-paying digital token, users will be able to access its 750+ private equity portfolio.
➡️ Currently on offer for $0.36, the Republic Note boasts over $900,000 in its dividend pool size. Dividends are expected to be shared using Circle’s USDC stablecoin once it hits the $2 million threshold.
✅ Furthermore, the digital token secured over $30 million from both private and institutional investors in the early days of its launch. 290,000 plus community members are currently signed up for the crypto-based program when it fully enters the market.
⚡️ Once the digital token begins trading, users will have access to a maximum token supply of 800 million of the blockchain-based security tokens. For now, about 372 million of these digital tokens are currently in circulation.
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Spain’s Central Bank Governor Says Digital Euro Not Consumer Priority, Pushes for Wider Collaboration 📌
➡️ The Governor of Spain’s central bank, Pablo Hernandez de Coz says there is no urgent desire among users in the jurisdiction for a Central Bank Digital Currency (CBDC), explains the digital euro’s roadmap.
📌 In a recent speech at the Annual Convention of the Associacion de Mercados Financieros, Madrid, the central bank Chief said the desire to float the digital euro was borne out of three main factors; complementing cash use in the region, innovation of present payment systems and driving monetary autonomy.
➡️ According to him, considering present market dynamics, a digital euro is important but not a pressing necessity and this can be seen from consumer behaviour.
📌 Despite the growing use of digital payments and a decline in cash transactions, users have expressed concerns with digital currencies replacing cash although it has been properly explained as being overblown and without merit.
➡️ A recent study places the use of digital methods at 55% however 60% of the population requires cash as a viable option for many reasons leading to authorities stressing that the CBDC would aim to complement cash with other benefits and not replace it.
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Tether and Bitfinex Drop Opposition to FOIL Request ⚠️
💬 “Our decision is rooted in our unwavering commitment to transparency and the belief that we have nothing to hide,” the companies said in a joint statement released on Friday, November 24th.
➡️ If granted, a FOIL request would provide access to specific records belonging to the cryptocurrency exchange and stablecoin issuer. Cryptonewscom has reached out to both Tether and Bitfinex for additional information pertaining to the details of the request.
💬 “However, it’s essential to clarify that transparency does not mean a wholesale release of all our documents,” their statement continued. “This approach is not in line with standard business practices.”
🟥 The companies then called out a number of journalists, including Zeke Faux, Ada Hui, and Shane Shifflet, who lodged the FOIL request for “certain behaviors” and highlighted their “concerns.” In particular, the statement alleges that Faux’s work “has sometimes extended beyond the boundaries of professional journalism.” However, the companies provided no explicit examples to support this claim.
🔔 Additionally, the statement takes aim at both the Wall Street Journal and Bloomberg, calling the news organizations’ reporting “one-sided and inaccurate.”
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🏎 Revolutionize Your Ride with EDrive Token!
Calling all car enthusiasts and crypto pioneers!
EDrive Token merges Automotive and Blockchain for a new era of decentralized ownership and sustainable mobility!
Democratizing Cars:
Unlock classic and luxury cars with EDrive's platform! Now, everyone can co-own valuable assets like supercars and classics, breaking barriers in an industry once reserved for the elite.
Transparency and Authenticity:
EDrive ensures complete transparency, traceability, and authenticity in the automotive sector. Your car's history and ownership are securely recorded on the BSC.
Rewards for Early Supporters:
Early backers and supporters of EDrive enjoy tangible benefits! Don't miss out on being part of this revolutionary journey.
Economic Impact:
Beyond an upgrade, EDrive reshapes economic dynamics in the automotive sector, from ownership to businesses.
🚀 Join the future of automotive investment:
EDrive GemPad IDO
EDrive Website
Let's accelerate towards a sustainable, decentralized automotive future together!
Calling all car enthusiasts and crypto pioneers!
EDrive Token merges Automotive and Blockchain for a new era of decentralized ownership and sustainable mobility!
Democratizing Cars:
Unlock classic and luxury cars with EDrive's platform! Now, everyone can co-own valuable assets like supercars and classics, breaking barriers in an industry once reserved for the elite.
Transparency and Authenticity:
EDrive ensures complete transparency, traceability, and authenticity in the automotive sector. Your car's history and ownership are securely recorded on the BSC.
Rewards for Early Supporters:
Early backers and supporters of EDrive enjoy tangible benefits! Don't miss out on being part of this revolutionary journey.
Economic Impact:
Beyond an upgrade, EDrive reshapes economic dynamics in the automotive sector, from ownership to businesses.
🚀 Join the future of automotive investment:
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EDrive Website
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Interactive Brokers Partners with OSL to Launch Crypto Trading for Retail Clients in Hong Kong ⚠️
🟥 Interactive Brokers, an automated global electronic broker, is expanding cryptocurrency trading to retail investors in Hong Kong. The broker is now the first SFC-licensed securities broker to be approved to allow retail clients to trade cryptocurrencies in Hong Kong.
🔔 According to the announcement made on November 28, Interactive Brokers will be opening crypto trading for retail clients in Hong Kong in collaboration with OSL, a cryptocurrency exchange. This development allows Interactive Brokers’ retail investors in Hong Kong to have immediate access to digital asset trading through a single unified platform powered by OSL.
🔴 Hong Kong clients of Interactive Brokers can now hold Bitcoin (BTC) or Ethereum (ETH) in their accounts alongside traditional assets like stocks, derivatives, commodities, forex, and others. Each trade is subject to a commission ranging from 0.20% to 0.30% of the transaction value.
⚡️ The clients receive the benefits of centralized cash management as they can now trade cryptocurrencies like Bitcoin and Ethereum, along with stocks, options, futures, currencies, bonds, mutual funds, exchange-traded funds (ETFs), event contracts, cryptocurrency futures, and futures options, all from a single account and interface.
🟠 As the exclusive digital asset trading platform for Interactive Brokers, OSL aims to broaden investor access to digital finance, emphasizing its commitment to setting global standards for performance, security, and compliance.
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Attention, future millionaires!
This information is for you! 1ex Trading Board is launching a revolutionary new AI analytical service, AI News, that will completely change your understanding of the crypto market!
The new platform analyzes market dynamics here and now based on 16+ parameters:
❐ Movement of limit orders in exchange order books
❐ Trader activity (selling or buying)
❐ News background in the media (more than 20 media sources, including CoinTelegraph, CoinDesk, TheBlock, and many others)
❐ Technical analysis of coins
❐ Price cycles
❐ And much more
As a result, you get more accurate and understandable forecasts for entering and exiting trades, meaning you not only protect your money from losses but also have the potential to earn even more!
Who will benefit from the service:
❐ Scalpers
❐ Day traders
❐ Journalists and analysts
❐ Anyone who wants to understand the crypto market
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This information is for you! 1ex Trading Board is launching a revolutionary new AI analytical service, AI News, that will completely change your understanding of the crypto market!
The new platform analyzes market dynamics here and now based on 16+ parameters:
❐ Movement of limit orders in exchange order books
❐ Trader activity (selling or buying)
❐ News background in the media (more than 20 media sources, including CoinTelegraph, CoinDesk, TheBlock, and many others)
❐ Technical analysis of coins
❐ Price cycles
❐ And much more
As a result, you get more accurate and understandable forecasts for entering and exiting trades, meaning you not only protect your money from losses but also have the potential to earn even more!
Who will benefit from the service:
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❐ Day traders
❐ Journalists and analysts
❐ Anyone who wants to understand the crypto market
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New Find: Delving into M20 Chain & MCOIN World🔍
Just stumbled upon something truly exciting in the vast crypto space – M20 Chain and its native coin MCOIN.
Imagine a space where learning about Blockchain & Web3 is as simple as your everyday web browsing. M20's primary mission is to break down barriers and make the complex world of Web3 accessible to everyone.
Here's why M20 is catching my eye:
1️⃣ Early Growth Potential: As an early-stage project, M20 Chain holds significant growth potential.
2️⃣ Cost-Effective Transactions: Experience cheap and lightning-fast transactions.
3️⃣ ILO Metaverse Launch: Get ready for the Initial Land Offering in the metaverse – all set to unfold before Bitcoin's next halving!
I recommend you not to skip such projects – early birds get the biggest profits!
Check out the official announcements: @m20chainannouncements and dive deeper into the community chat: @m20groupchat
Just stumbled upon something truly exciting in the vast crypto space – M20 Chain and its native coin MCOIN.
Imagine a space where learning about Blockchain & Web3 is as simple as your everyday web browsing. M20's primary mission is to break down barriers and make the complex world of Web3 accessible to everyone.
Here's why M20 is catching my eye:
1️⃣ Early Growth Potential: As an early-stage project, M20 Chain holds significant growth potential.
2️⃣ Cost-Effective Transactions: Experience cheap and lightning-fast transactions.
3️⃣ ILO Metaverse Launch: Get ready for the Initial Land Offering in the metaverse – all set to unfold before Bitcoin's next halving!
I recommend you not to skip such projects – early birds get the biggest profits!
Check out the official announcements: @m20chainannouncements and dive deeper into the community chat: @m20groupchat
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Crypto Loans Platform Nexo Integrates Koinly to Ease User Tax Obligations 🗣
➡️ Nexo, a lending platform that provides instant crypto loans, has partnered with Koinly to simplify user’s tax reporting.
📌 Effective November 30, 2023, the collaboration enables Nexo users to easily generate tailored crypto tax reports. A company statement said that the partnership will streamline the crypto tax reporting and preparation of financial statements.
➡️ Further, Koinly allows Nexo users to cater to their specific transaction histories and tax obligations through the Nexo app. Nexo clients can also access custom country-wise tax reports for over 100 jurisdictions.
❕ “Our partnership with Koinly reflects our dedication to providing holistic financial solutions and empowering our clients to make informed financial decisions,” said Antoni Trenchev, co-founder and Managing Partner of Nexo.
👉 Additionally, the company noted that the service automates accurate tax reports, simplifying tax complications and reducing human error. Nexo users can avail the service for free up to 800 transactions annually. For users exceeding this transaction volume, a 30% discount is offered on Koinly.
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Continuing our exploration of M20 Chain & its $MCOIN 👀
M20 Chain, an early-stage project with immense growth potential, offers cheap and fast transactions. Waiting for their Metaverse in April: a digital realm for community, business, virtual exploration, gaming, and entertainment.
Some thoughts:
🔹 M20Chain connects people with Web3, eliminating entry barriers.
🔹 Passed Certik audit, ensuring a secure Web3 experience.
🔹 Empowers artists with copyright protection and fair compensation.
🔹 Revolutionizes education with immutable records for easier credit transfers and job applications.
Its own native $MCOIN:
🔹 Listed on 4 CEX.
🔹 Empowering creators and securing digital assets.
Diving deeper here: @m20chainannouncements
Become among the first in community: @m20groupchat
M20 Chain, an early-stage project with immense growth potential, offers cheap and fast transactions. Waiting for their Metaverse in April: a digital realm for community, business, virtual exploration, gaming, and entertainment.
Some thoughts:
🔹 M20Chain connects people with Web3, eliminating entry barriers.
🔹 Passed Certik audit, ensuring a secure Web3 experience.
🔹 Empowers artists with copyright protection and fair compensation.
🔹 Revolutionizes education with immutable records for easier credit transfers and job applications.
Its own native $MCOIN:
🔹 Listed on 4 CEX.
🔹 Empowering creators and securing digital assets.
Diving deeper here: @m20chainannouncements
Become among the first in community: @m20groupchat
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Brazilian Senate OKs ‘15% Crypto Tax Rate’ ⚠️
➡️ Brazilian senators have voted in favor of a bill that proposes taxing crypto tax profits earned on overseas crypto platforms at a fixed rate of 15%. Per the parliamentary website and a report from Brazil’s Livecoins, lawmakers “seriously amended” the bill to ensure no loopholes were included. Should the bill become law, users of international crypto exchanges such as Binance, Coinbase, and Kucoin will need to declare their earnings.
📌 The law is slated to come into force on January 1, 2024. It will require Brazilian crypto investors to declare these gains “separately from other income and capital gains.” Some more active crypto traders will breathe a sigh of relief, however. The amended bill replaces an initial proposal for a “sliding scale”-type structure.
📣 Under this proposal, those earning less than $1,200 from crypto trading on overseas platforms would have been exempt from taxation. But crypto traders earning over $10,140 per year would have faced tax bills of over 22%.
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Osmosis and UX Chain Announce Merger, Set to Jointly Launch Cosmos-based DeFi Hub 📣
➡️ Osmosis and UX Chain are preparing to merge in a move that seeks to create a comprehensive DeFi hub. Subject to approval, the merger would result in the fusion of lending protocol UX Chain’s lending logic and algorithms with Osmosis’ decentralized exchange, the largest DEX on Cosmos.
♾ In an announcement posted on Osmosis’ forum on Sunday, the companies jointly detailed a plan for the proposed merger. The procedure will take place in incremental steps, starting with the assimilation of UX Chain’s codebase into the Osmosis Chain.
💬 “When looking through the Cosmos, it is clear that Osmosis has shown a dominant presence as the most successful DEX in the ecosystem,” Osmosis said in its post. “Concurrently when looking at lending platforms in Cosmos it is quite apparent that the Umee UX Chain is the dominant lending platform in Cosmos with more special features than any other lending platform in crypto. Considering the potential synergies, we’re proposing a merger of these blockchain protocols into one of the most powerful DeFi ecosystems possible.”
📌 The merger seeks to maximize the capabilities of both platforms, with the initial phase expected to include the harmonization of shared total value locked across the two networks. During this preliminary step, both chains will maintain the separate trading of their respective tokens — the Osmosis token and the UX token.
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Why $RBW is the no.1 gaming token pick for this month
📈 Huge volume on $RBW (Crypto Unicorns) – a great game backed by Polygon, Delphi fund, etc. $0.30 would be a perfect entry, but it’s better to DCA as the pullback from the current level can be very shallow.
The real party starts above $0.40 – this gaming token can easily go to $0.70-.75 even before the real gaming bull market starts. 🔥🔥
$RBW has lots of utility in the game – and even more is coming in 2024. Check out Rainbow Rumble and the other mini-games – and you’ll understand why top venture funds invested $26 million in this project!
Trade $RBW on BitGet
Trade $RBW on Uniswap
Website
📈 Huge volume on $RBW (Crypto Unicorns) – a great game backed by Polygon, Delphi fund, etc. $0.30 would be a perfect entry, but it’s better to DCA as the pullback from the current level can be very shallow.
The real party starts above $0.40 – this gaming token can easily go to $0.70-.75 even before the real gaming bull market starts. 🔥🔥
$RBW has lots of utility in the game – and even more is coming in 2024. Check out Rainbow Rumble and the other mini-games – and you’ll understand why top venture funds invested $26 million in this project!
Trade $RBW on BitGet
Trade $RBW on Uniswap
Website
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