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    Celsius pays down 143M in DAI loans since July 1

    Since July 1, Celsius has repaid $142.8 million worth of Dai (DAI) stablecoins across four separate transactions, according to data from DeFi Explorer. The crypto lender still has $82 million in outstanding debt owed to Maker. Out of $1.8 billion in lifetime investments, the firm’s losses currently stand at $667.2 million. Continue Reading on Coin Telegraph More

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    Visa debuts ‘no-limit’ Bitcoin card in UAE

    According to a Sunday press release, the card was first launched in 2021 and is available by invite only to just 10,000 individuals around the world. Holders will be able to convert their Bitcoin and other major cryptocurrencies into spendable cash.As per announcements, an invitation to join the exclusive club can be requested via the bitcoinblack website. Furthermore, the card is secured by the holder’s digital assets and offers premium perks such as a no-spend limit in places where Visa is accepted. Commenting on the new product, bitcoinblack CEO Prakash Chand said:Another element of exclusivity that the product brings to its holders is the ability to spend token rewards on various luxury items in bitcoinblack’s Haute Living Luxury Marketplace, “a curated online boutique that includes luxury watches, purses, cars, charter jet deals, private mansion access and more,” set to launch soon.Continue reading on BTC Peers More

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    Singapore's financial watchdog considers further restrictions on crypto

    According to parliamentary records published on Monday, Singapore senior minister and MAS chair Tharman Shanmugaratnam said the financial watchdog may consider “placing limits on retail participation” for crypto investors as well as introducing rules on the use of leverage for crypto transactions. Shanmugaratnam also called for regulatory clarity among financial regulators around the world, “given the borderless nature of cryptocurrency markets.”Continue Reading on Coin Telegraph More

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    Tron Founder Justin Sun Champions for Blockchain Tech in WTO Event

    Justin Sun, the founder of Tron and Grenada Ambassador to the World Trade Organization (WTO), said that blockchain could fix global economic crises at the Twelfth Ministerial Conference (MC12).Sun spoke during the Small Island Developing States (SIDS) segment, where delegates of various WTO member states raised the discussion on climate change, ocean management, and e-commerce, among other topics.He revealed that Grenada is “heavily dependent” on a multilateral trading system that is predictable, transparent, and efficient. Sun added that he is “working closely with WTO’s program on e-commerce in support of digitizing the economy.”Notably, the MC12 conference discussed pressing issues, including the post-pandemic crisis, food safety and security, environment protection, IP protection on COVID-19 vaccines, and e-commerce, among other subjects. The event saw the decision to impose the Work Program on Small Economies, the TRIPS non-violation and situation complaints, and the Sanitary and Phytosanitary Declaration for the MC12 initiative.Just recently, Sun appeared before the Organization of Eastern Caribbean States (OECS) and again championed digital innovation. “Grenada is facing an increase in commodities prices, climate crisis, and environmental emergencies,” says Sun. He believes optimized e-commerce and a borderless digital economy can address such crises.Sun is said to be playing an essential role in the economic development of Grenada. He claimed that as long as he serves as a WTO representative for the Caribbean country, Sun would advocate for cooperation between Grenada and other countries to boost economic growth and digital transformation.In 2017, Justin Sun founded Tron, a decentralized, open-source blockchain. The businessman stepped down from his post as Tron’s CEO to become a diplomat for Grenada in December 2021.Continue reading on CoinQuora More

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    NFT trading volume falls to 12-month low as bear market continues

    Despite recording a whopping $42 billion in sales since the beginning of the year, NFT sales in June dropped to its lowest since June 2021, data from DappRadar and Chainalysis reveals.An earlier Bloomberg report predicted that the NFT market in June 2022 was poised to close the month at under $1 billion, the first time since June 2021. Citing data from DappRadar, Bloomberg noted that OpenSea’s June sales volume was $670 million, down by 75% from May’s figure. Comparatively, the leading NFT marketplace recorded $5 billion in monthly volume in January.However, The Guardian, in a report published on July 2, said that NFT sales figures for June 2022 was a little over $1 billion, down from its peak value of $12.6 billion in January.The NFT market began the year with a bang, with January and February accounting for more than half of the year-to-date volume of $42 billion. However, sales figures have been on a steady decline. This has been largely due to the current bear market which saw Bitcoin fall to an 18-month low of below $18,000.The NFT space has also been marred with a rising rate of scams and thefts. OpenSea, for instance, recently suffered a data breach involving the email addresses of its customers. Many users have taken to social media to complain about receiving multiple phishing emails.Continue reading on BTC Peers More

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    Coca-Cola to Launch Pride Series NFT Collection to Celebrate LGBTQIA+ Community

    Coca-Cola (NYSE:KO) to Launch Pride-Series NFTCoca-Cola announced that the collection was created in collaboration with multi-award-winning designer and advocate for LGBTQIA+ rights, Rich Mnisi.According to Coca-Cola, Mnisi’s “artworks are inspired by an enduring idea: that energy cannot be destroyed. It can only be transferred, changed in form, locked up or released.”Coca-Cola says that the goal behind the Pride NFTs is to shine color-filled light on community members, and to spread a message of love. According to Coca-Cola, each NFT in the collection will be unique. Pride NFTs to be Launched on PolygonCoca-Cola revealed that the 136 NFTs in the Pride collection were built on the Polygon network, some which have already listed on OpenSea. The Pride Series NFT collection was launched with a floor price of 1 Ethereum (ETH).According to the soft drinks giant, all proceeds from the initial sale will be donated to charities serving ‘OUT’—an LGBTQIA+ community and the second-oldest in South Africa.On the FlipsideWhy You Should CareThe move from Coca-Cola mirrors the increasing adoption of NFTs and their widening range of use cases outside of personal profit.Find out more about some of the other corporations to have recently launched NFT collections:French Fashion Brand Lacoste Splashes Underwater NFT CollectionPrada (OTC:PRDSY) Releases Time Capsule NFT Collection on EthereumExit Festival Launches New NFT Collections With Global Music Stars and CelebritiesContinue reading on DailyCoin More