BAYC simply tweeted out a link to a website where interested fans can apply in the hope of being approved to participate in whatever “is brewing.” To apply, users must connect to an Ethereum wallet, provide a photo of their license, passport or other ID as well as proof of their home address, and take a headshot on the camera of the device on which they sign up.Continue Reading on Coin Telegraph More
In a Friday announcement, the White House said leadership from the United States, Canada, France, Germany, Italy, Japan, the United Kingdom and the European Union will take additional actions aimed at economically isolating Russia in response to President Vladimir Putin’s military invasion of Ukraine. The announcement includes banning imports of many Russian goods, banning the export of luxury goods to Russia and guidance for the U.S. Treasury Department to monitor the country’s attempts to evade existing sanctions.Continue Reading on Coin Telegraph More
While the order didnt explicitly outline the scale of regulatory measures that could be expected, the general sentiment from the U.S. federal government appeared to be constructive as opposed to stifling.Continue Reading on Coin Telegraph More
(Reuters) – Russia’s central bank on Saturday said it has decided not to reopen stock market trading on the Moscow Exchange from March 14-18, with the exception of some non-open-market transactions an transactions using the SPFI payment system.It said the foreign exchange market, money market and repo market would open at 0700 GMT on those days. The bank said it would announce the operating mode for the following week at a later date. More
The new task force will aim to “cover the riskiest cross-border entities among banks, financial institutions and crypto assets service providers.” At the moment, the initiative still awaits official deliberation. Christian Toms, a partner in law firm Brown Rudnick’s litigation and arbitration practice group in London, noted to Cointelegraph: Continue Reading on Coin Telegraph More
COLOMBO (Reuters) – Sri Lanka’s Central Bank tightened trade restrictions on Saturday, ordering exporters to repatriate foreign exchange earnings within 180 days of transactions in a bid to improve country’s depleting foreign exchange reserves.Sri Lanka is tackling its worst financial crisis in over a decade, struggling to pay for critical imports including fuel, food and medicines and with just $2.31 billion of reserves.The bank’s moves include mandatory currency conversion for exporters of goods and services to change their foreign exchange earnings into Sri Lankan rupees. “All licensed banks are required to strictly monitor receipts of goods to Sri Lanka,” the central bank stated in a notification, adding that it “has the right to initiate action against non-compliance by any exporter or licensed banks”.The state-run oil company on Friday increased prices by 55 to 95 rupees (22-24 cents) per litre for most fuels to offset losses after Sri Lanka introduced a flexible exchange rate that saw the rupee plunge 30% to 260 rupees to the dollar.($1 = 250.0000 Sri Lankan rupees) More
There has been a remarkable explosion of blockchain gaming projects at the conjuncture of NFTs, Player-versus-Player (PvP) and Play-to-Earn (P2E) model. The number of active blockchain gaming projects has doubled in 2021 alone, soaring to over 400 projects with the gaming user base quadrupling in the last two months of 2021.One such game that has been generating hype and a sense of WAGMI in the gaming community and crypto investors is the NFT-based gaming project, Guzzler. Guzzler is pegged to be blockchain’s hottest racing game while being a portal to the wider metaverse.So, what is Guzzler all about and what lies ahead for it? Read on to find out.An Overview of GuzzlerGuzzler (GZLR) is a crypto gaming project that is niched towards car racing enthusiasts and car designers. The game offers customizable and operable cars, wheels, body kits, color mods and performance parts to be minted as NFTs for voyaging through the game and beyond into the metaverse.The project reimagines “travel” through the metaverse indicating that the game may grow out of the confines of strict racing and even be of utility in the wider metaverse for driving and renting among other things. The GZLR community currently consists of 4540 $GZLR holders and 18,623 members and is rapidly expanding.GZLR was launched on a decentralized crypto startup incubator, YashaDAO, which offers an investment ecosystem. The features of the launchpad itself are quite noteworthy as they have extensive and stringent project vetting processes, such as live recorded video calls, 2FA with phone numbers, watch list checks and background checks, before listing on the platform thereby letting only credible projects to be filtered through. The launchpad has also incubated innovative projects like Clifford Inu, Pochi Inu, Maneki-Neko, PlantDAO and World Peace Token.GZLR is also KYC certified by reputed crypto KYC firm, Assure, and seems to be going all the way to guarantee its investors and community of the project’s safety and commitment.GZLR: In-Game NFTs And PotentialGZLR is more than just your good ‘ol car racing game. GZLR players have a metaverse of possibilities to engage in the GZLR ecosystem such as purchasing, upgrading, racing and trading in cars, wheels and performance parts. The vision of the project is to allow players to have true ownership over the core game assets that are further customizable.The game, in its recently launched beta version, offers three modes for racing; drift, drag and circuit, all available to play online for free. Moreover, the game can be played in solo mode, or with multiple players, in both online or offline leagues. The gameplay players can earn rewards in the form of NFTs and $GZLR by competing in races from across the world.To boost performance in the game, players need to use their talents and enhance equipment for their cars. The added advantage of these customizations are that the modified cars, wheels and body kits can be re-minted as a new NFT and used, staked or rented out for earning royalties to racing enthusiasts or their metaverse avatars who do not have the time to mint their own cars and body parts.According to the roadmap visualized in Guzzler’s whitepaper, the game will eventually allow people to open virtual garages and car dealerships in-game. This holds great potential for car designers and collectors to customize and design the best cars and market them to the GZLR community!Opening Doors to NFT PersonalizationThe project is said to feature a set of carefully curated NFT collectibles in the form of car mods, livery skins and body kits to pique the interest of its community and encourage innovative permutations and combinations of NFTs to arise — all in the quest to design the best car that performs best in the circuit.GZLR’s unique selling point is that it’s customizable NFTs can be used across open worlds to save users time and energy. GZLR has the potential to offer a novel open world experience through the metaverse without having to load multiple pages. GZLR actively organizes giveaways and events on its social media handles through which token holders can participate and win NFTs for cars, wheels and parts.All in all, NFTs have emerged as a novel way for motorsport enthusiasts to monetize owning unique collectible cars. 2022 is set to be the year for the boom of GameFi and it would be worthwhile to see how Guzzler fares in this.Continue reading on CoinQuora More
Zenith CEX is a cutting-edge new-age crypto exchange that offers secure trading. The zenith CEX is a regulated exchange platform that handles critical issues such as security, liquidity, and fiat to crypto and vice versa transactions, among others. The exchange is one of just a few completely insured marketplaces in the globe. with the zenithcex.com trading software, one can trade their preferred altcoin, bitcoin, or Ethereum. Some of the key trading features of the CEX trading platform include:Spot Trading: The Zenith CEX, like any other top centralised exchange, offers spot trading alternatives. Users can buy and sell their preferred tokens or coins with ease. They can either utilise the “Limit Buy” option to set the price at which they wish to buy a specific currency or token. Users can, on the other hand, use the “Market Buy” option to decide how much of their current asset they want to spend on another token or coin.Margin Trading: Users who want to increase their trading gains can use Zenith CEX’s margin trading option. This trading option multiplies trading results, allowing traders to profit more from good deals. To get started, users will need to put down a percentage of the total order value. After they’ve opened the trade, they can choose to sell Long or Short.P2P Trading: P2P is a type of trade that takes place between users rather than between users and the exchange. This option allows them to buy and sell bitcoins directly from or to other users.Real-time Prices: The Zenith CEX offers real-time prices, unlike many other centralised exchanges. Users will be able to see the price changes as they occur because prices change in real-time. Users can also get a detailed pricing history on the exchange. Users have the option of accessing which price history they wish. 1 minute, 15 minutes, 30 minutes, 1 hour, 4 hours, 1 day, 1 week, or 1 month are all possibilities. They’ll be able to read the chart more clearly and make more accurate forecasts as a result of this.Zenith chain has been designed to efficiently handle one single function: the transfer of assets from one party to another. Using the Proof of Authority (POA) consensus, which allows for quicker block times and reduced fees. Candidates for staking who are the most bonded will become validators and produce blocks. Security, stability, and chain finality are all ensured by double-sign detection and other cutting logic. EVM-compatible smart contracts and protocols are also supported by the Zenith Chain. Due to native interoperability capabilities, cross-chain transfer and other communication are allowed.The Zenith Chain system reward structure is astounding, and some settings may influence how the rewards are distributed. The Zenith Chain system uses a decentralised peer-to-peer exchange network, which is a software-based platform that allows crypto-market players to trade directly with one another without the need for a third party. Zenith Chain does not store any coins or private keys on central servers because it uses a decentralised exchange mechanism. The user has control over their funds, and they can employ hardware wallets and anonymous accounts. Users of the Zenith Chain can receive rewards from apps that use blockchain technology to provide points in the decentralised network.Zenith Exchange is one of the most secure CEXsZenith is going to launch one of the most secure centralized trading platforms available in the market today with features including cold wallet support, biometric login, and much more. The Zenith Chain development team has chosen to keep all digital assets on the exchange in a cold wallet to protect the security of the digital assets kept there. A cold wallet is a piece of hardware developed exclusively for holding cryptocurrencies. Unlike software wallets, the hardware wallet is impenetrable to hackers. To acquire access to a cold wallet, they must first obtain the cold wallet.Along with the web version, the project will provide Android and iOS applications for the Zenith CEX. The biometric fingerprint capability will be available to customers who download either app. This functionality will strengthen the security of the tokens even more. Furthermore, biometric authentication is still the safest kind of protection. It is difficult for a hacker to access users’ digital funds unless they can fake their fingerprints.Multiple authentications are another security feature of the Zenith CEX. Users must use double authentication while logging into their accounts and transferring funds from the Zenith CEX to another crypto wallet. Users must prove that they are the account’s owners when entering their password on a new device.Zenith CEX will send a security code to the user’s email address, phone number, or authenticator app when they log in. Users must enter the secret code supplied to them correctly to gain access to their accounts. If they do not, they will be unable to access their account. This is also true when it comes to money transfers. Before a user can successfully transfer digital assets to another wallet, they must input the code sent to them correctly.Disclaimer: CoinQuora does not endorse any content or product on its page. While we aim to provide you with all relevant information that we could obtain, readers are encouraged to do their own research before taking any actions and bear full responsibility for their decisions. Please note that this article does not constitute investment advice.Continue reading on CoinQuora More
