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• CoinGames.fun is a decentralized crypto casino platform that offers over 40 game providers to users around the world.
• The migration of the platform into the Web3 network will bring benefits to both operators and users, especially when it comes to user protection and process facilitation.
• The decentralized version of the platform will enable users to play their favorite games with peace of mind that their personal data and finances are better protected than in any other online casino entity.

CoinGames Launches Decentralized Platform

CoinGames.fun is a crypto casino platform that provides users from all around the world with access to over 40 game providers. On February 20th, the innovative crypto casino launched its decentralized version, which has been designed to revolutionize gaming as we know it today.

Benefits of Decentralization for Operators and Users

The migration of Coingames into the Web3 ecosphere brings unprecedented advantages for both operators and users alike. Especially beneficial for those who choose the platform to game on are improved user protection and process facilitation, making their experience smoother and more secure.

Data Protection in Online Casinos

Decentralizing CoinGames’ operations means that players no longer need to enter sensitive card details or other personal information when playing games on this platform. This gives them peace of mind knowing that their data is much better protected than in any other online casino entity out there.

Over 6000 Slot & Live Casino Games Available

CoinGames allows players to enjoy a wide selection of over 6000 slot and live casino games with complete trust in the knowledge that their data is safe from external threats or malicious actors looking to take advantage of them financially or otherwise.

Smooth & Congenial Experience for Players

Due to its decentralization, CoinGames can now offer its players a smooth and congenial experience while they play their favorite games without having constant worries about data security hanging over them at all times.

•MEXC Global has announced a reduction in maker and taker fees on their platform, encouraging more investment in the crypto market.
•The exchange’s fees are some of the lowest and most competitive rates worldwide for crypto investors.
•The news comes as the market is bouncing back, and MEXC’s business growth and increased trading volume are testaments to its reliability and efficiency.

MEXC Global Slashes Fees to Boost Crypto Market Recovery

MEXC Global has recently announced that it is slashing maker and taker fees on its platform, providing some of the most competitive rates worldwide for crypto investors. This will serve as an incentive for new and experienced crypto investors to participate in this growing market.

Record Low Fees Encourage Investment

Maker fees have dropped to zero while futures taker fees have been reduced to 0.02%. Andrew Weiner, Vice President of MEXC Global commented that “Lower rates mean people are much more likely to invest, this is a boost for individual investors, and more widely for the whole market”.

Market Bouncing Back

The announcement made by MEXC Global comes at a time when the cryptocurrency market appears to be making a positive turnaround. The exchange trades around $2.1bn per day in futures volume which further serves as testament to its reliability and efficiency.

Competitive Prices Attract New Investors

New investors are attracted by MEXC’s low fees which encourage their participation in the cryptocurrency space. This provides them with an opportunity to benefit from the potential rewards offered by investing in digital assets without having to pay hefty transaction costs associated with other exchanges.

Conclusion

Lowering trading fees is one way that MEXC Global encourages more people to get involved with cryptocurrencies, thereby helping drive wider adoption of digital assets within mainstream society.

• Coinbase recently announced its Crypto435 initiative, which is a nationwide pro-cryptocurrency campaign.
• Following the announcement, COIN shares jumped 10% and reached a multi-week high of $65.
• The goal of Crypto435 is to expand crypto-advocacy across American citizens and to reduce existing skepticism around the blockchain sector.

Coinbase Unveils Crypto435 Initiative

Coinbase has recently revealed its nationwide pro-cryptocurrency campaign called Crypto435, aiming to expand crypto-advocacy among US citizens and reduce existing skepticism around the blockchain sector. Following the announcement, COIN shares jumped by 10%, tapping a multi-week high above $65.

The Goals of Crypto 435

The primary objective of this initiative is to influence politicians to have a friendly view towards cryptocurrencies and outline the advantages of the blockchain sector in order to diminish any negative perception that may arise from previous events such as FTX’s collapse or multiple catastrophic events in 2022.

Coinbase’s Response To Economic Downturn

Due to the economic downturn last summer, Coinbase had no choice but to dismiss some members from their team in an effort to cut costs. Moreover, earlier this year they further reduced their workforce size by 950 people in order to make up for some losses.

Price Surge After Announcement

COIN stocks soared above $66 shortly after the exchange disclosed its Crypto435 initiative yesterday during trading session at 13-day high before settling down at $64.80 when markets closed.

Conclusion

Overall, Coinbase’s new initiative could be one factor behind COIN’s daily price surge as it signals optimism towards cryptocurrencies amongst American citizens and government officials alike while also creating awareness on blockchain technology benefits despite recent market downturns due to past events like FTX’s collapse or other catastrophic events in 2022.

• Former Vice President of the United States Mike Pence believes the country is headed toward a debt crisis due to the government’s irresponsible fiscal policy.
• U.S. national debt currently stands at roughly $32 trillion, equating to nearly $250,000 in debt per every U.S. taxpayer and is 34% higher than the country’s $26 trillion GDP.
• Persistent Federal budget deficits – now over $1.4 trillion annually – only continue to exacerbate the problem year after year, with projections showing that debt could expand by $120 trillion within the next 30 years according to Pence.

Unsustainable National Debt

Former Vice President of the United States Mike Pence believes his country is en route to a debt crisis within the next 25 to 30 years due to government’s irresponsible fiscal policy. According to Pence, U.S national debt could balloon up to $150 trillion within 3 decades as a result of persistent budget deficits which are currently over $1.4 trillion annually and growing larger each year – equating to nearly $250,000 in debt per every taxpayer and 34% more than what their GDP is ($26 trillion).

Cause of High Inflation

In an interview on CNBC’s Squawk Box on Wednesday, Pence commented on the U.S’s record high inflation rate blaming it largely on “unnecessary” covid relief spending from 2021 Democratic party and lack of conversation about looming entitlement issues in Washington D.C.. He stated that current President Joe Biden’s policy was leading towards insolvency for US national debt which stands at roughly 32 Trillion at present time .

US Budget Deficit

Pence pointed out that due to large budget deficits there will be no possibility for US federal government balance its books even in near future unless drastic measures are taken now or else US may face huge economic disaster in form of insolvency within 25-30 years if same trend continues . He further said that this kind of situation has occurred previously during World War II when US had a similar level of national debt compared its Gross Domestic Product (GDP).

Solution Needed To Prevent Crisis

The former VP emphasized on finding solutions for rectifying this issue before it reaches critical stage as he warned that if left unchecked then US may have no other option than facing such crisis soon enough . He suggested immediate attention should be paid towards controlling these unsustainable levels of spending & debts before it’s too late otherwise not just nation but also other countries around world which depend upon America’s financial power will suffer greatly due to its collapse sooner or later .

Conclusion

It is imperative for both democrats & republicans come together and work jointly towards stabilizing USA’s economy by creating sensible solutions which can help reduce deficit while simultaneously not putting excessive burden upon common people so they don’t face any negative consequences either directly or indirectly through rising inflation rate etc., if problem remains unresolved then very soon USA might find itself struggling under immense amount of debts & deficit leading them into bankruptcy eventually if plans are not made ahead for avoiding such scenario anytime soon .

• LandX recently completed a security audit conducted by Quantstamp, a leader in blockchain security solutions.
• The audit included a comprehensive review of LandX’s smart contracts and tested for potential security vulnerabilities.
• Following the audit process, Quantstamp provided LandX with a detailed report outlining potential security risks and recommendations for improving the platform’s security posture.

LandX Completes Security Audit

LandX, the decentralized Perpetual Commodity Vaults Protocol, has announced the successful completion of a security audit conducted by Quantstamp, a leader in blockchain security solutions.

Comprehensive Smart Contract Review

The audit included a comprehensive review of LandX’s smart contracts. The audit process was conducted over a period of several weeks, during which Quantstamp’s team of experts tested LandX’s code for potential security vulnerabilities, including its smart contract architecture and token logic.

Detailed Report Provided

Following a rigorous assessment process, Quantstamp provided LandX with a detailed report outlining potential security risks and recommendations for improving the platform’s security posture.

Prioritizing Security

“We are pleased to have successfully completed our security audit with Quantstamp,” said LandX spokesman. “Ensuring the security of our users’ investments is our top priority, and this audit provides us with the assurance we need to continue to build trust and confidence in our platform.”

Audit Results Demonstrate Commitment to Security

The audit results demonstrated LandX’s commitment to security. LandX’s smart contract architecture was found to be well-designed and thoroughly tested, with all issues found during the audit addressed by the LandX blockchain engineers.

With the successful completion of the security audit, LandX is well-positioned to continue its roadmap to further development.

• Deutsche Bank AG’s asset management arm, DWS Group, is in talks with two German cryptocurrency firms over minority stake acquisitions.
• The investment is part of DWS’s efforts to revive growth and investor confidence after being sued by a German consumer group for greenwashing misrepresentations.
• The allegations coupled with last year’s bear market caused outflows of roughly €20 billion ($21.5 billion) and a €107 billion ($108.5 billion).

Deutsche Bank Investing in Crypto Companies

Deutsche Bank AG’s asset management arm, DWS Group, is currently in talks with two German cryptocurrency firms over minority stake acquisitions. This investment is an attempt to restore investors’ confidence and revive growth after probes by authorities over greenwashing allegations.

Greenwashing Allegations

DWS Group was sued by a German consumer group for greenwashing misrepresentations which involves companies projecting themselves as environmentally friendly but spending more time and resources on marketing than on minimizing their environmental impact. This led to outflows of roughly €20 billion ($21.5 billion) and a €107 billion ($108.5 billion).

Investment Strategy

The potential investments in Frankfurt-based crypto exchange-traded products provider Deutsche Digital Assets (DDA) and Bankhaus Scheich-owned digital asset trading firm Tradias align with DWS’s strategy for blockchain and crypto investments. The aim is to stimulate the sector by investing in both startups as well as established leaders in the cryptosphere such as Coinbase Global Inc., Binance Holdings Ltd., Galaxy Digital Holdings Ltd., among others.

Rise of Cryptocurrency Markets

Cryptocurrencies have grown rapidly since their inception due to their ability to provide secure transactions without any central authority or bank involvement needed. Despite its volatile nature, cryptocurrency markets are becoming increasingly popular amongst large investors looking for new opportunities during the bear market period that has been experienced throughout 2020-2021 so far.

Conclusion

As traditional finance continues its digital transformation, it is no surprise that financial institutions are looking into ways they can invest in cryptocurrencies while taking advantage of their potential returns during this bear market period . With such investments from institutional giants like Deutsche Bank, we will likely see further growth for the cryptosphere going forward into 2021 and beyond!

• The spat between Binance and WazirX began last year when the Indian government raided offices belonging to the exchange’s operator.
• Binance had issued a statement urging Zanmai to “work out arrangements with us to withdraw any remaining assets in the relevant accounts after 3 February.”
• This is because Binance believes WazirX’s operator had made numerous “false public statements” in the past related to the former’s “alleged role in and responsibility for operating” the latter.

Binance-WazirX Spat

The saga between world-leading crypto exchange, Binance, and Indian crypto exchange, WazirX, has taken another turn. Last year, due to the Indian government raiding offices belonging to Zanmai (the exchange’s operator), $8 million worth of assets were frozen. Despite reports claiming that Binance owns at least a portion of Zanmai, they refused any other affiliation with it.

Deadline Issued

Today, BInance issued another statement urging Zanmai to “work out arrangements with us to withdraw any remaining assets in the relevant accounts after 3 February” due to their false public statements regarding Binance’s alleged role and responsibility for operating WazirX.

BInance Refuses Responsibility

BInance has denied any responsibility or ownership over WazirX despite reports claiming otherwise and have given an ultimatum to its operator to withdraw customer funds from its infrastructure and wallets by 3rd February 2021 failing which they will be forced take action against them.

False Public Statements

BInance believes that WazirX’s operator has made numerous “false public statements” related to the former’s alleged role in and responsibility for operating the latter which is why they’ve given an ultimatum for them withdraw all customer funds stored on their infrastructure before 3rd February 2021.

No Clarification from WazirX

Since Zanmai has refused to clarify these misleading statements either by retracting them or terminating use of wallet service provided by BInance, they have been given until 3rd February 2021 as deadline after which action may be taken against them according by law if necessary.

• South Korean crypto exchange Bithumb’s offices were reportedly raided on Thursday by authorities in an investigation related to potential price manipulation of a coin listed on the platform.
• Prosecutors are investigating transactions linked to a specific person or entity allegedly manipulating the coin’s price to make a profit.
• The Seoul District Prosecutors Office stated that the search and seizure was to secure the transaction details of a specific coin and had nothing to do with Bithumb.

On Thursday, South Korean crypto exchange Bithumb found itself in the middle of yet another legal storm. According to an article by Yonhap, authorities raided the offices of the exchange as part of an investigation into potential price manipulation of a coin listed on the platform. The token in question has not been revealed.

Seoul District Prosecutors Office stated that the search and seizure was to secure the transaction details of a specific coin and had nothing to do with Bithumb. They are probing transactions linked to a specific person or entity allegedly manipulating the coin’s price to make a profit. The prosecutors have not revealed further details about the raid.

The news comes days after the South Korean district court rejected the appeal of Bithumb against a tax bill of $69 million. The exchange was charged the amount by the National Tax Service in relation to its 2017 operations. Bithumb had appealed to have the bill reduced by half, but the court rejected the plea.

The exchange is also facing a lawsuit filed by an investor who claims to have lost money due to the lack of security measures on the platform. The investor is seeking compensation for the losses suffered due to the hack that occurred on the exchange in June 2019.

Bithumb has had a tumultuous few years. The exchange has been embroiled in numerous lawsuits and investigations since 2018. In 2019, the exchange was raided by the police in a probe related to the alleged embezzlement of customer funds.

It remains to be seen how the exchange will respond to the latest investigation. With multiple legal issues to tackle, Bithumb will have to work hard to regain the faith of its customers.

• CleanSpark, a Bitcoin mining company, has started the construction of its second phase in Washington, Georgia, which is set to accommodate 16,000 miners.
• This move is expected to increase its total hash rate to 8.7 EH/s, contributing an additional 2.2 EH/s.
• The mining machine fleet will include Antminer S19j Pro and Antminer S19 XP, which are the latest and most power-efficient models.

CleanSpark, a Bitcoin mining company, has recently kicked off the construction of its second phase in Washington, Georgia. This project is set to accommodate 16,000 miners, and is expected to increase the company’s total hash rate to 8.7 EH/s, contributing an additional 2.2 EH/s. CleanSpark acquired the site last summer for $16.2 million, and the project is now in full swing.

The mining machine fleet will include Antminer S19j Pro and Antminer S19 XP, which are the latest and most power-efficient models of such machines currently available. These machines boast increased computing power, and will contribute to a 25-34% increase from the current hash rate. Not only that, but these machines are designed to reduce energy consumption and maximize efficiency.

CleanSpark is one of the many companies that are investing in Bitcoin mining. As the demand for Bitcoin increases, so does the demand for computing power. Companies like CleanSpark are working to increase their computing power and capitalize on the cryptocurrency boom.

In addition to the machines mentioned above, CleanSpark has also announced that they will be using other technologies to maximize their efficiency. These technologies include their proprietary software, as well as their Blockchain-as-a-Service (BaaS) platform.

Ultimately, CleanSpark’s project is an important step in the cryptocurrency industry, and will help to increase the overall computing power available for Bitcoin mining. With the help of the most recent machines, CleanSpark will be able to increase their hash rate and maximize their efficiency. This will help to reduce energy consumption and make mining more efficient and profitable.

• Genesis Global Capital is FTX’s largest unsecured creditor, with a claim against the exchange worth $226 million.
• FTX’s Thursday bankruptcy filing lists ten customers owed over $100 million each.
• Genesis was appointed by the U.S. Trustee to the Official Committee of Unsecured Creditors.

The crypto-lending giant Genesis Global Capital has been revealed as FTX’s largest unsecured creditor, according to the exchange’s Thursday bankruptcy filing. Genesis has an unliquidated claim against FTX worth $226 million.

The filing lists ten customers to whom FTX owes over $100 million each. In addition, the revised version of the filing has revealed the names of those appointed by the U.S. Trustee in the case to the Official Committee of Unsecured Creditors.

One of these appointees is Genesis, making them FTX’s top creditor. The other names listed include Apollo Global Management, Inc., Fidelity Investments, and JPMorgan Chase & Co.

Genesis itself filed for bankruptcy on Thursday, citing a “substantial decline” in the crypto-lending market. The filing revealed that the firm is $2.5 billion in debt and that it owes a total of $1.5 billion to its creditors.

The filing also stated that Genesis is seeking to liquidate its assets in order to pay back its creditors. One of the assets in question is its claim against FTX.

The filing goes on to say that Genesis has been in negotiations with FTX to settle its claim, but that it has “not been successful in reaching a resolution that would adequately protect the interests of its creditors.”

The matter is now in the hands of the U.S. Bankruptcy Court, which will decide how to best proceed. It is not clear at this time if FTX will be able to pay back its creditors, or if Genesis’ claim will be reduced.

The filing also revealed that FTX has amassed a total of $8.6 billion in liabilities, including the $226 million owed to Genesis.

The news of FTX’s bankruptcy filing has sent shockwaves through the crypto community, as many are wondering what the future holds for the exchange. It remains to be seen if FTX will be able to pay back its creditors, or if its assets will be liquidated.

Either way, the news has put a spotlight on Genesis and its claim against FTX. It is now up to the U.S. Bankruptcy Court to decide what happens next.