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​Solana Team Set to Open Doors of a Physical Store in New York to Promote Solana and Web3

The team behind open-source blockchain Solana (SOL) is preparing to build a real shop in New York City, USA, to promote the Solana blockchain and Web3 in general.

Cryptocurrency news - Solana SOL

The Solana Spaces shop, situated in Hudson Yards, was created in partnership with the Solana Foundation, a non-profit organization committed to the expansion of the Solana network.

The business does not seem to be open yet. The shop has only been available to 'preview guests,' and according to Solana Spaces, 30 previews were granted on Wednesday. Meanwhile, Fortune reports that the store will open today.

Solana Spaces intends to be "the buddy" that teaches you how to obtain a wallet, your first airdrop, your first decentralized autonomous organization (DAO) subscription, etc, according to the store's official Twitter account.

"Everyone's first crypto companion is Spaces." Inside, you will discover how Solana works and what Web3 is. "We shall provide you with a wallet and your first NFTs, as well as walk you through your first on-chain transactions," the company said earlier this month.

Solana Spaces went on to say that the shop intends to be a "cultural hub" and "embassy" for the Solana community.

"We shall be an event host, a launchpad, and a supplier of Solana culture," it stated, "with a completely new collection of apparel and regular limited edition collaborations with businesses in and outside of crypto."

Additionally, the company has unveiled Magic Eden, a Solana-based NFT marketplace that will add NFT collections to the site, including Solana's collection Degenerate Ape Academy.

The shop is loaded with branded merchandise, has an interactive display, and its walls are covered with Degenerate Ape Academy NFTs.

With a market value of USD 13.68 billion, Solana's native token SOL is now the ninth biggest cryptocurrency by market capitalization. The blockchain was introduced as a replacement for the more expensive Ethereum (ETH), but it is struggling to live up to that ambition, notably owing to frequent outages.

Meanwhile, SOL is rising higher as a result of the news. There was an 8 percent increase in 24 hours to USD 39.6 at 10:05 GMT on Thursday. It's down more than 6% in a week and up about 3% in a month.



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​Bitcoin and Ethereum Funding Rates Signal Continued Bullishness Despite Recent Selloff

Despite dropping spot prices in the previous 24 hours, funding rates in the market for bitcoin (BTC) and Ethereum (ETH) perpetual futures contracts show that most crypto derivatives traders remain positive.Crypto news Funding rates on the largest crypto exchange Binance's BTC/USDT perpetual contract have mostly stayed positive throughout July, despite stagnant and declining prices since July 19.

The same has mostly been true for the ETH/USDT perpetual contract. Even though ETH dropped drastically on Monday this week, plunging from USD 1,600 to far below the critical USD 1,500 barrier, the financing rate has remained positive.

A positive funding rate indicates that traders must pay a financing charge to those who are short, while a negative funding rate is the inverse. Continuous futures funding rates are usually positive during optimistic market circumstances and negative during bearish market situations.

Binance is often the leading exchange for an open interest in bitcoin's perpetual futures. Every 8 hours, the exchange adjusts its perpetual financing rates.

Meanwhile, selloffs of stretched bitcoin long positions totaled USD 30.6 million between midday and midnight UTC on Monday. The incident saw the most selloffs since July 20, when over USD 55 million in bitcoin longs were sold when bitcoin fell from the USD 24,000 level.



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The related articles:

- Solana Team Set to Open Doors of a Physical Store in New York to Promote Solana and Web3

- Coinbase Refutes Claims That It Lists Securities As SEC Kicks Off Investigation

- DeFichain’s DFI Token Starts Trading On Huobi Globall





​Coinbase Refutes Claims That It Lists Securities As SEC Kicks Off Investigation

Coinbase, a major cryptocurrency exchange, has refuted charges that it offers securities on its website, after an inquiry by the US Securities and Exchange Commission (SEC) into the listing of digital assets that should have been registered as securities.

Crypto news

The SEC has investigated Coinbase's approach to determining whether a digital asset is a security or not in a blog post by the company's Chief Legal Officer Paul Grewal.

"Coinbase has a comprehensive procedure in place to assess and review each digital asset before making it accessible on our exchange – a process that the SEC has approved," he said.

Grewal said that when the DOJ initiated an investigation into a former Coinbase employee's abuse of sensitive information relating to listing decisions, the SEC brought securities fraud charges against the person separately.

Former exchange employees allegedly broke insider-trading regulations to assist their brothers and friends acquire tokens before they were listed on the platform, resulting in "realized and unrealized profits totaling at least about [USD] 1.5 million."

They traded at least 25 different crypto assets in the days leading up to listing announcements. The SEC contends that the nine cryptocurrencies involved are securities, while the DOJ "examined the same evidence and elected not to pursue securities fraud charges against individuals implicated."

Caroline Pham, Commissioner of the US Commodity Futures Trading Commission (CFTC), dubbed the SEC's investigation "a stunning example of regulation by enforcement" in a recent tweet. She said that the SEC's claims "may have far-reaching consequences beyond this particular instance," emphasizing "how vital and urgent it is that regulators work together."

"We agree with Commissioner Pham and respectfully disagree with the SEC's decision to pursue these securities fraud allegations as well as the content of the accusations," Grewal said.

The SEC's allegations emphasize the critical problem that the "US lacks a clear or functional regulatory framework for digital asset securities."

"And, instead of establishing customized regulations in an accountable and participatory manner, the SEC is relying on these sorts of one-time enforcement actions to attempt to bring all digital assets within its jurisdiction, even those that are not securities," he stated.


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Ethereum (ETH) Liquidations

Despite the recent spike in ETH bullishness, the long liquidations in the ETH market were caused in part by the belief that the Merge – Ethereum's move from PoW to PoS consensus mechanisms – is imminent. Earlier in July, Ethereum developer Tim Beiko recommended September 19 as a possible date for the Merge.

Crypto news - Ethereum ETH

The revelation is said to have contributed to a jump in the price of ETH from about USD 1,200 to close to USD 1,600 between July 16 and July 18, as a significant quantity of leveraged shorts were liquidated.

A blog post published at the time by the crypto derivatives exchanges Deribit noted that the price surge "looks to be triggered by a gamma squeeze," or large-scale purchase of short-dated call options. The article, however, cautioned that the price rise "lacks substantial basis."

Indeed, ETH plummeted substantially this week on Monday, with the selloff continuing on Tuesday, as seen by many other crypto assets.

BTC was down 3.7 percent in the last 24 hours and 5.7 percent for the week at USD 21,113 at 12:34 UTC on Tuesday. Simultaneously, ETH was trading at USD 1,402, down 8.3 percent on the day and 10.6 percent on the week.



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The related articles:

- Solana Team Set to Open Doors of a Physical Store in New York to Promote Solana and Web3

- Coinbase Refutes Claims That It Lists Securities As SEC Kicks Off Investigation

- DeFichain’s DFI Token Starts Trading On Huobi Globall





​DeFichain’s DFI Token Starts Trading On Huobi Globall

DeFiChain, the world's largest Bitcoin blockchain devoted to providing decentralized financial apps and services to everyone, has officially announced the listing of its native DFI token on Huobi Global, one of the world's major cryptocurrency exchanges.

Crypto news

The coin will begin trading against USDT on Huobi on July 25th at 06:00 (UTC), while DFI withdrawals will begin on July 26th at 07:00 (UTC). Traders and investors who purchase DFI on Huobi could move the token to their DeFiChain wallet or elsewhere.

The DFI token can already be purchased on Kucoin, Bybit (ERC-20 format), Bittrex, Bitrue, Hotbit, and Bitpanda.

"Being listed on Huobi is a significant step forward for DeFiChain." We are pleased that DFI is being listed on many major exchanges. Because of the wide range of real-world assets accessible Many top-tier exchanges are interested in listing DFI. "With each new listing, the public gets access to the realm of native decentralized finance on DeFiChain".

Huobi, which was founded in 2013, is one of the world's major cryptocurrency exchanges. The listing on Huobi will increase DFI's visibility within the worldwide cryptocurrency user base. Huobi allows users to buy, sell, stake, and borrow a wide range of cryptocurrencies, creating a comprehensive environment for experienced crypto traders and investors.

The Dubai Virtual Assets Regulatory Authority has awarded Huobi provisional authorization to sell virtual asset exchange goods and services to pre-qualified investors and professional financial service providers.

The DFI token provides access to the DeFiChain ecosystem to the rest of the world. It is at the heart of all DeFiChain blockchain activity, including:

• Providing liquidity in many pools

• Blockchain consensus and security staking

• As security for the minting or borrowing of equity tokens and the USD stablecoin

• As a sign of appreciation. All DEX awards are given in DFI.

• DeFiChain governance token

DeFiChain is a blockchain that is completely decentralized and has on-chain governance. Since the project's main net debut in May 2020, the community has been actively involved in practically every area of the blockchain, including nodes, master nodes, initiatives, tools, governance, economic concepts, and code governance. Its codebase was created in an open source way, and it has been extensively peer-reviewed and debated.



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​Bitcoin Mining Difficulty Sees Its Biggest Fall In 12 Months

The complexity of mining Bitcoin (BTC) has recently dropped to its lowest level in a year, allowing miners to enhance their revenue during this hard crypto winter. Bitcoin mining complexity, or how tough it is to compete for mining rewards, fell by 5% today. It reduced it to 27.69 T, the lowest level since mid-March of this year.

Crypto news

Notably, the last time the complexity dipped close to this % was on July 18, 2021, when it was just 13.67 T. That dip came on the heels of a significant loss of about 28 percent two weeks previous, which remains the worst drop in the network's history.

The newest change is the third in a row, with the prior boost being 1.29 percent, when the mining difficulty reached its second-highest level ever, 30.28 T. The all-time high is 31.25 T, which was recorded in mid-May.

Since the latest complexity adjustment two weeks ago, hash rate, or the network's computing capacity, has decreased. The 7-day moving average hash rate is down by more than 7% over this period.

During that same period, the profitability of Bitcoin mining increased by 13 percent due to the rising value of BTC. Miners have spent more of their freshly created BTC in the last week and three months than they have held.

All of this occurs during a complex crypto winter. However, at 18:51 UTC, BTC was trading at USD 22,846, down 4% in a day but up 13% in a week.


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​Cryptopunk Sales Top Monthly Charts As Other Blue-Chip NFT Collections Slump

Despite the general decline in the NFT market, CryptoPunks has witnessed a large boost in sales volume over the last month.

Cryptocurrency news

DappRadar, CryptoPunks has recorded over USD 63 million in overall sales over the last 30 days, an increase of around 112 percent. This collection's floor price and market value have both increased by around 192 percent and 96 percent, respectively.

The growing interest in CryptoPunks is due to the collection's success with huge sales. Last week, one NFT in this category sold for ETH 2,500, which is now worth USD 3.78 million, while another sold for ETH 2,691 (USD 4 million), making it the highest NFT sale in the marketplace in the last 30 days. Meanwhile, other high-profile NFT collections have not fared as well as CryptoPunks.

Yuga Labs' Bored Ape Yacht Club (BAYC), Otherdeed, and Mutant Ape Yacht Club (MAYC) have suffered substantial declines in sales volumes during the previous month of roughly 33%, 37%, and 36%, accordingly. Furthermore, the wholesale price of all of these collections has increased by around 81 percent, 111 percent, and 74%, respectively.

The total NFT sales volume has continued its downward trend over the last month, with the number of sales falling by almost 63 percent to 9,000 and the sales volume in USD falling by more than 87 percent. There has been a 40 to 88% decline in main and secondary market transactions and active market players.

The present NFT decline also harmed key markets. OpenSea's daily trade volume had decreased to roughly USD 837,000 on June 25, the lowest level in more than a year. Since then, the biggest marketplace's trade volume has climbed somewhat, hitting USD 14.5m in the last 24 hours.

However, since many NFTs are priced in ETH, rising ether prices may enhance total NFT trading volume. ETH is up 2.2% in a day and 38% in a week, making it the best weekly performance among the top 10 cryptocurrencies by market value.


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Weekly Digital Currency News (11.07 - 17.07)

The previous week's world news and events related to digital currency.

Cryptocurrency news

Global Digital Currency Rules Must For Cross-Border Payments:

International norms would enable central bank digital currencies to function seamlessly cross-border and speed up wholesale payments.

The Federal Reserve, the Bank of England, and the European Central Bank are all looking at the possibility of launching a digital version of their currencies.

The United Kingdom has said that any digital form of sterling would not be ready until the second part of this decade, but the Federal Reserve has stated that a digital dollar might assist preserve the greenback's worldwide status.

The key to fulfilling the full potential of CBDCs is ensuring they can function across multiple markets to allow wholesale cross-border payments. Global regulatory standards and coordination will be necessary to realize this objective.

The IRSG said that incorporating CBDCs in wholesale digital payments has several advantages provided they are made "interoperable" for cross-border transactions.

Harmonization of laws would enable enterprises licensed in one jurisdiction to supply services in another, along with preventing nations from undercutting one other with laxer standards.

Crypto Emissions Will Lower Valuations:

As governments work to cut their carbon emissions, the value of crypto assets will decrease due to the carbon footprint of these assets. It might have an impact on financial institutions that have exposure to Bitcoin.

The standards for climate risk supervision developed by the Basel Committee on Banking Oversight apply to "any" bank exposure, which means they include cryptocurrency as well.

The Central African Republic Launches Crypto Asset:

On July 3, the Central African Republic announced the Sango Coin crypto asset initiative, sparking a conflict with the regional central bank and generating concerns about how the asset may use.

On April 21, the CAR national legislature signed laws making Bitcoin legal money in the country, which the government signed the next day. The Bank of Central African States (BEAC), which serves six African nations, including the Central African Republic, has protested the move.

NFT: GameStop Debuts Its Non-Fungible Token Marketplace:

GameStop, a retailer of video games, consumer electronics, and gaming consumer products, announced on Monday, July 11, the launch of its online-based NFT marketplace. The corporation pursued this strategy to have an additional source of development while simultaneously revamping its business.

Gamestop is cashing in on consumer acceptance of blockchain technology and cryptocurrencies by creating its marketplace for non-fungible tokens. The marketplace platform is now available for public beta testing.

Users will now attach their digital wallets after joining up, including the company's own GameStop Wallet, which was also recently announced. People who successfully register may begin purchasing, selling, or trading NFTs of virtual assets or digital products.

Furthermore, the introduction of the NFT marketplace is a step toward Gamestop's turnaround aim after financial challenges in recent years. The corporation attributes its financial difficulties in part to the quick movement of video gaming industries online and its massive real estate presence.

GameStop Corp. today announced the availability of its non-fungible token (NFT) marketplace to enable gamers, developers, collectors, and other community members to buy sell, and trade NFTs.

GameStop's NFT platform is a non-custodial, Ethereum Layer 2-based platform that allows participants to own their digital assets, which are represented and safeguarded on the blockchain.

Finally, Gamestop is entering this market to ensure development in this age of cryptocurrency and digital assets. It intends to participate in the anticipated NFT acquisitions between November and December of this year, with a total market value of $54 million.

BitMEX Postpones Listing Of Its BMEX Token:

Because of the complex market conditions, the cryptocurrency exchange BitMEX has decided to postpone the release of its native coin, which will be called BMEX. Although they want to list on the BMEX, the current market conditions "are not optimum."

When the question of when the currency would be listed on BitMEX's spot market was posted on Twitter, the company's official account responded that it will happen "when conditions are more favorable."

Meanwhile, the performance of native tokens on other exchanges has been generally negative during the last month. For example, at the time of writing, Binance's BNB is down 17 percent in a month, Bitfinex's LEO is down almost 3 percent, FTX's FTT is down 10%, and OKX's OKB is up 4%.

BMEX is an ERC-20 token with a maximum supply of 450 million that was first announced in late 2021. In 2022, the cryptocurrency anticipates launching on the exchange's spot market. The exchange airdropped BMEX 1.5 million to new and current customers in late January 2021.

BMEX will have a maximum quantity of 450 million tokens, which will vest over 5 years. The vast majority of BMEX will be used to compensate users and expand the BitMEX ecosystem. A 20% allocation is set aside for BitMEX personnel, with another 25% set aside for the lifetime engagement to the toke and ecosystem.

BMEX token holders may get up to 15% off trading costs and preferential pricing on contracts and spot exchange. Coin holders could also stake their coins and win rewards. Early access to new goods, participation in initial exchange offers (IEOs), and VIP events and merchandise are among the other benefits.

CEL Crashes As Celsius Enters New Chapter Of Its Saga And Its Restructuring:

After apparently repaying all of its debt to DeFi lending procedures, embattled crypto lender Celsius (CEL) said that it has filed for voluntary Chapter 11 bankruptcy in the United States to restructure its firm. After the news, CEL dipped.

CEL is trading at USD 0.538 at 03:03 UTC, down 25% in a day, after reaching USD 0.40 earlier. The price has risen by 92 percent in a month.

In general, Chapter 11 of the United States Bankruptcy Code allows for reorganization, which typically involves a company or partnership. A chapter 11 debtor often presents a reorganization plan to keep its company running and pay creditors over time.

This is the correct choice for the community and business, said Alex Mashinsky, Co-Founder and CEO of Celsius. We have assembled a strong and experienced team to guide Celsius through this process."

The firm said that it has USD 167 million in cash on hand, which would provide ample liquidity to fund some activities throughout the restructuring process, and that it intends to "continue to operate in the usual course."

Celsius is not asking for approval to enable client withdrawals at this time, and consumer claims will resolve via the Chapter 11 procedure. Celsius suspended withdrawals, swaps, and transfers on its platform last month, prompting today's complaint.

The business argues that without a delay, the pace of withdrawals would have enabled select clients to be repaid in full while leaving others to endure for Celsius to capture value from illiquid or longer-term asset deployment operations before they get a recovery.


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Payeer Wallet Review

PAYEER review includes all the most important details about the current e wallet – sign up, login, supported countries, card, security system, deposit, cash out etc.

Payeer wallet review

Is Payeer.com wallet multifunctional, modern and convenient? What possibilities of replenishment and exchange of money within the system does it have? On all these issues, read in the following overview of Payeer!

Payeer review

More about the payment system: PAYEER wallet is an online payment processor offering a simple and cheap way to shop online, payment for services through an electronic currency.This is one of the most popular payment systems among admins of HYIP projects.The company was founded in 2010. There are 3 offices:The headquarters is in Tbilisi, Georgia. The branches are located in Aberdeen, Scotland and Moscow, Russia.

Payeer.com offers available and free services which help sellers and buyers to protect themselves without limiting the functionality of using money. It is possible to enter currency into the electronic wallet using different methods. Send, receive and withdraw money in many different ways.

Payeer wallet is in demand among online shops and investment projects. It can be easily added to the popular Hybrid GoldCoders script.HYIP projects prefer this system. It does not require any personal data to be checked, the same like Liberty Reserve in past.Representatives say the accounts are not blocked - sounds good for the HYIP admins.

Payeer Sign up

Sign up on Payeer.com is easy and fast. In order to enter your personal account on the site, you must indicate your:

Payeer sign up


  • - Login,

  • - Password,

  • - E-mail,

  • - Secret word to restore the account.

There are no restrictions for the persons who wish to log in. You can use the Payeer wallet from the moment of registration.

Payeer supported countries

Payeer is available worldwide – more than in 200 countries. All customer need for usage of the Payeer wallet is internet.

Payeer deposit and withdrawal options

This is one of the largest financial processors in the hypes and digital currency markets. To exchange cryptocurrency, you normally must contact the intermediaries.

Payeer deposit and withdrawal

Payeer wallet allows doing the same within the system. It is possible to deposit and withdraw money with: Visa Qiwi Wallet, AdvCash, Yandex Money, Perfect Money, Solid TrustPay, Skrill, Bitcoin, Neteller, Wire, ePayments, Webmoney, MoneyGram, FasaPay and in other ways. The platform has integrated 150 payment systems, which can help to find the suitable one.

Payeer Fees

Fees are the same for the verified and the unverified users. Current rates:


  • - International money transfer: free of charge;

  • - Currency exchange: 2% of the amount of exchange, regardless of currency type;

  • - Replenishment: free of charge;

  • - Output: from 0% to 5%;

  • - Notifications by SMS: $ 0.05 per notification;

  • - Password recovery: usually free;$ 50 if the account password is automatically restored;

  • - Transfers between the accounts are free of charge;

  • - The system takes 0.95% of the payment received (if HYIP uses the API).


Bulk payments / API

Payment service allows you to arrange automatic payments on the site and transfer the money from your account to customers through integration with the API.

Payeer referral program

Payeer Wallet offers a six-step referral system which helps you to make money by attracting other people to create their own cabinets.

Payeer referral program

For example: If you place a personal banner or an affiliate link on a website, blog or any other place. It will be possible to receive 10% from referral commissions if the turnover of the structure is in the range of up to 100.00 dollars, transactions after the barrier at 100.00 $ will bring 11% already! People with their own website can earn up to 40% of their commissions by exchanging currency. Not many online payment systems have a similar referral program. The bonus will not be great if referrals go away. This is a simple way to earn extra money without doing a lot of work. All you have to do is to inform about Payeer. When people find out about the opportunities offered, they will surely become your partners. Make sure your customers click on your ref link to register.

Customer support

The Payeer support team works around the clock. The only way to contact it is by email.The official website has a special form, which should be filled.The company answers questions within 24 hours.

Advantages

The financial platform offers significantly more opportunities than many other competitors. The usefulness of the payment functions depends on the plans to use the account.

Payeer Benefits

After all, the business which uses the Payeer wallet in order to process online payments depends greatly on the needs of the person paying for the goods on the Internet.

The list of useful features:


  • - Zero or low commission;

  • - Sending payments to any place in the world;

  • - A wide range of money deposit and withdrawal methods;

  • - Instant and flexible transactions between HYIP-programs;

  • - Mass payments, making it easy to send money and process transactions;

  • - Exchange service;International SWIFT transfers;

  • - Deposit funds through SWIFT and credit cards;

  • - Automatic transfers to banks (bank cards);

  • - Simple registration (you need only email address);

  • - High level of protection (IP security, SMS security);

  • - Virtual cards (as a replacement for real cards)Multicurrency accounts;

  • - Instant transfer of funds;

  • - Affiliate program;

  • - The account is not frozen;

  • - IOS app.


Disadvantages

- Large withdrawal fee.

Payeer – Buy, Sell or Exchange

If you want to exchange Payeer instantly and with low fees, then XMLGold Online Currency Converter can be a useful tool for you. On XMLGold, you will be able to convert Payeer in many different currencies like, Sepa Transfer EUR, Perfect Money EUR/USD, USD Coin (USDC), Advcash EUR/USD, True USD (TUSD), Bitcoin (BTC), Tether (USDT), Litecoin (LTC), Perfect Money Voucher EUR/USD, XMLToken EUR/GBP/USD etc.

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In mostly cases currency exchange will be instant and with low fees. XMLGold is one of the most reliable online currency exchange platform, works already more than 12 years (since 2006).

Conclusion

At present, there are so many payment processors now that it is not easy for traders and consumers to decide which one is the best. Having multiple payment processors makes it difficult to select the best for merchants and consumers.

Payeer feedbacks

Payeer wallet is one of the best options between online e-currency e-wallets. It offers freedom and security. If you are looking for a new payment processor, in this case, it is advisable to test Payeer wallet and login your personal account to learn more about its capabilities. Payeer wallet can be useful for you, especially if you are managing an online store. This is a great way for consumers to buy goods without trouble and limitations. If you get tired of the platform used for online settlements, take a closer look at this payment system.


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