India’s Supreme Court to Hear Final Arguments on RBI Ban on Cryptocurrency Exchanges 1499

India’s Supreme Court will hear final arguments on petitions challenging the virtual ban imposed by the Reserve Bank of India (RBI) on cryptocurrency exchanges today. In April this year, the RBI had asked regulated entities to not get involved with cryptocurrency traders, firms, or individuals, imposing a virtual ban. The RBI decision was challenged by cryptocurrency exchanges in the Supreme Court.

Here’s what has happened so far:

  • After October last year, Bitcoin, the most popular cryptocurrency began gaining value. Between October and December, Bitcoin rose from $5,000 to about $20,000. This led to a lot of buzz, even gaining the attention of authorities.
  • In November 2017, a lawyer named Dwaipayan Bhowmick filed a Public Interest Litigation (PIL) seeking regulation on cryptocurrencies.
  • Between December and February, the government reiterated several times that cryptocurrencies were not legal tender. In Budget 2018, Finance Minister Arun Jaitley said again the government did not consider cryptocurrencies as legal tender and would do everything to eliminate the creation of crypto assets.
  • On April 5, the RBI asked entities regulated by it to terminate their business relationships with firms and individuals dealing in cryptocurrencies. “It has been decided that, with immediate effect, entities regulated by RBI shall not deal with or provide services to any individual or business entities dealing with or settling VCs. Regulated entities which already provide such services shall exit the relationship within a specified time,” the RBI said. The RBI set the last date for ceasing all such relationship on July 5.
  • In April, Ahmedabad-based Kali Digital Eco-Systems, which runs the crypto exchange CoinRecoil moved the Delhi High Court challenging the RBI’s virtual ban.
  • Later, a number of petitions were filed against the RBI decision, the Supreme Court stepped in and said that it will hear a clutch of petitions together. On May 11, the apex court issued a notice to the RBI and the central government to respond to the petitions.
  • On July 3, the Supreme Court refused to grant interim relief to cryptocurrency players.
  • From July 6, the RBI ban kicked-in.
  • On July 20, the RBI stood by its decision of virtual ban. It told the Supreme Court that cryptocurrencies are immune from state regulation, cannot be regulated and will lead to illegal transactions.
  • The RBI and the central government asked for three week time for filing responses to petitions. The next date for the hearing was set for September 11.
  • On September 11, the matter was postponed to September 12 for hearing due to lack of time before the SC bench.
  • On September 12, RBI once again reiterated that cryptocurrencies cannot be considered valid currency or money under the existing legal system. The hearing was postponed as many of the responders, except for the RBI, were not able to file their responses.
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Crypto E-Commerce – Shopping․io Introduces $SHOP Back 3261

Crypto E-commerce giant, Shopping.io is streamlining its operations. On September 9th 2022, Shopping.io will be airdropping its new native utility token – $SHOP to the holders of $SPI and $GSPI. To celebrate the launch, Shopping.io is hosting multiple events offering major benefits including 20% $SHOP back rewards and exciting giveaways!

Shop Online Using Nothing but Crypto!

In 2020, retail e-commerce sales worldwide topped $4.28 trillion, according to Statista, a 27.6% increase on the previous year. By 2022, e-retail revenue is projected to grow to an impressive $5.4 trillion, as consumers move more of their shopping online. In addition, as of 2021, there are over 300 million crypto users worldwide and over 18,000 businesses that have already begun accepting cryptocurrencies as forms of payment.

September 2020 – Shopping.io launches version 1.0 of its platform giving holders the ability to pay for concierge online shopping services with their crypto for the first time. The website enabled purchases of tangible goods via major retailers such as: Amazon, eBay and Walmart, delivering to a handful of destinations around the globe. The platform’s traction was instantly recognizsable even with its limited functionality and was the proof-of-concept Shopping.io needed in order to justify its growth.

Fast forward two years and Shopping.io has two native utility tokens; $SPI and $GSPI (wWith another merged utility token on the way), an NFT set, and a plethora of new payment options under its belt, including: Binancacne Pay, Crypto.com, CoinbBase Commerce and Utrust. These major developments were also accented by the increase in the amount of destinations orders could be sent to.

Shopping.io is now on the cusp of its biggest development to date. Following months of work and testing, Shopping.io is upgrading its platform and launching a more robust, well-rounded ecosystem consisting of a Metaverse mall titled The Shopverse and a Shopping.io web extension facilitating purchases through almost every online store. This overhaul, however, would be incomplete without the release of Shopping.io’s new native token: -$SHOP!.

Introducing the $SHOP Token

In late 2021, Shopping.io found itself with two native tokens that were originally designed to improve users’ experience and governance on the platform. The company however, felt that further improvements to its tokens and their use case within the platform were necessary in order to achieve the ‘token platform relationship’ previously envisioned.

With 2022’s inception came the first internal proposal for the merging of Shopping.io’s current tokens into one ‘do it all’ token. Shopping.io presented its idea for $SHOP in May 2022 paired with the tokens shift in platform utility and tokenomics. The merge of $SPI and $GSPI was put to a community vote, ending in an overwhelming 97% approval rate, opening the door for development on $SHOP’s smart contracts to commence.

Following its launch, $SHOP will inherit the functionalities that $G/SPI currently perform within the ecosystem such as offering discounts, voting, and free international shipping when used as a form of payment within the platform. In addition to these already present utilities, $SHOP’s improved tokenomics and flexible smart contract has allowed Shopping.io to create its state of the art $SHOP Back system that will make its debut on September 9th, and will star in the first of the platform’s $SHOP launch events.

The $SHOP token is designed to reflect the success of the ecosystem thanks to its quantitative burn/mint mechanism. This mechanism creates a direct correlation between the use of the ecosystem and the circulating supply of the token, giving a deeper meaning to the phrase “sShop to earn”.

20% $SHOP Back Event

Shopping.io is launching $SHOP on September 9th, 2022, alongside a selection of platform oriented events; the first of which being a 20% $SHOP Back event that will commence on September 10th, 5 PM CET. The $SHOP Back event will be held for 48 hours giving shoppers the ability to earn an additional 20% of their order value back in $SHOP with the use of selected tokens such as $ETH, $APE and $AVAX as a form of payment.

$SHOP Membership Raffle Event

Shopping.io will unveil $SHOP’s membership platform on the day of the tokens launch, allowing both seasoned community members and newcomers to lock their $SHOP rewards and become a part of the Shopping.io ecosystem. $SHOP’s membership program consists of five tiers, with each package’s benefits being accessible through the locking of a corresponding amount of $SHOP for a three month period. These benefits enhance the shopping experience by activating increased $SHOP Back rewards, aAirdrop rewards, and free shipping. To celebrateboost the membership program’s launch, Shopping.io is holding a month-long staking raffle event for members only!, giving members Thisthe This opportunity gives members the chance to win prizes in addition to their already present platform benefits. Prizes include gift cards, $SHOP credits, access to Shopping.io’s Galaxy membership tier, an iPhone 13 Pro, and the Golden Ape from the Villager of XOLO NFT set.

Shopping.io envisions a future where people have the flexibility to buy anything with anything.

CME Group Announces Launch of Euro-denominated Bitcoin and Ether Futures 3833

CME Group, the world’s leading derivatives marketplace, today launched Bitcoin Euro and Ether Euro futures.

“The launch of these new futures contracts builds on the strong growth and deep liquidity we have seen in our existing U.S. dollar-denominated Bitcoin and Ether futures contracts,” said Tim McCourt, Global Head of Equity and FX Products, CME Group. “Our new Bitcoin Euro and Ether Euro futures will provide institutional clients, both within and outside the U.S., with more precise and regulated tools to trade and hedge exposure to the two largest cryptocurrencies by market cap.”

Bitcoin Euro and Ether Euro futures contracts will be sized at five bitcoin and 50 ether per contract. These new contracts will be cash-settled, based on the CME CF Bitcoin-Euro Reference Rate and CME CF Ether-Euro Reference Rate, which serve as once-a-day reference rates of the euro-denominated price of bitcoin and ether.

These new futures contracts will be listed on and subject to the rules of CME.

For more information on this product, please visit https://www.cmegroup.com/cryptocurrencies#explore-our-cryptocurrency-products.

As the world’s leading derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. The company offers futures and options on futures trading through the CME Globex® platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. In addition, it operates one of the world’s leading central counterparty clearing providers, CME Clearing.

New Devil Dogs NFT Release Supports Service Members With a Crypto Investment To Feel Good About 3843

Can the high-energy excitement of the crypto-token investment space be a force for good? That’s the idea driving development of the new Devil Dogs NFT series—a crypto token project crafted to support America’s service members.

The first-of-its-kind project aims to leverage Web3 technology to achieve both real-world and virtual benefits, with opportunity to purchase unique and tradeable “everyday hero” tokens. Proceeds will be directed to crucial veteran services.

In its initial release, Devil Dogs (DVL.DGS) is offering 1775 unique and inspiring bulldog tokens, commemorating service in the U.S. Marine Corps, with a mint date planned for this fall.

The DVL.DGS NFT initiative is headed by Dave Grannan, a Silicon Valley tech CEO & Gulf War veteran. “Our Devil Dogs NFT project sits at the intersection of two issues I care deeply about,” says Grannan. “As a Gulf War veteran, I know firsthand how our veteran healthcare system is falling short. And, as tech executive, I’m very bullish on the future of crypto, blockchain and most things Web3.”

As the project grows, DVL.DGS plans to donate over 90% of revenues to vital veteran’s charities. Specifically, the project aims to amplify the impact of organizations focusing on core veteran’s issues, including access to health care, suicide prevention and homelessness. Devil Dogs also plans to support education and financial literacy programs that help veterans better re-integrate into civilian life.

The campaign’s current beneficiaries include the Marines’ Memorial Association & Foundation, The 38 Challenge, Irreverent Warriors and The San Diego Veterans Coalition.

The DVL.DGS campaign features two ways to give: investors can purchase an NFT to support wellness initiatives and/or donate an NFT directly to an active-duty service member. Grannan and his team are targeting this fall for a first official minting. But donation NFTs can be purchased right now at the project’s website, devildogs.io.

Grannan believes the project will speak to a lot of people who understand the challenges faced by veterans, as well as both crypto curious and seasoned investors ready for more purpose-driven NFT holdings. “If you’re crypto-curious, this project can be your safe on-ramp to the crypto world,” says Grannan. “And if you’re a crypto native, I ask, ‘Don’t you want a warrior in your collection who’s truly metaverse ready?'”

About DVL.DGS:

DVL.DGS was founded by Dave Grannan as a cause-driven NFT project dedicated to the well-being of all United States service members, Veterans and their families. He joined the Marine Corps in 1988 and was commissioned as a Second Lieutenant in 1989. Soon after he was sent with his Platoon to Saudi Arabia and Kuwait as part of Operations Desert Shield and Desert Storm. After leaving the Corps, Grannan attended UC-Berkeley’s Haas School of Business, earning an MBA. He went on to run several tech start-ups on the East Coast and in Silicon Valley. At Devil Dogs, Dave is guided by his determination to encourage better support for those who serve.

HypaSwap Might Make It Big Like the Graph – Cryptocurrency Predictions 4422

According to several cryptocurrency experts and analysts, the second half of 2022 may finally shed light on many investors’ portfolios. The market is progressively heating up, and bulls are gradually returning as several coins have significant potential to be relied upon in the second half of 2022. Experts have stated that The Graph (GRT) will be a good investment option for crypto enthusiasts that need a bullish trend. Asides from this, the new DeFi token, HypaSwap (HYPA), has features that show bullish trends and might give its token investors a better earning potential than other crypto stocks.

The Graph (GRT)

The Graph (GRT) is an open-source program used to gather, process, and store data from multiple blockchain apps to make it easier to retrieve information. The Graph’s goal is to assist developers in making better use of pertinent data to boost the effectiveness of their decentralised application. It was first introduced on the Ethereum blockchain. To enable any application to make a query to its protocol and obtain an instantaneous response, The Graph (GRT) gathers and analyses blockchain data before storing it into multiple indexes, known as Subgraphs.

To guarantee the accuracy of the data secured within its network, The Graph uses its native coin, GRT. Any user who wants to execute their functions and get payment from the web, including indexers, curators, and delegators, must stake GRT. Popular Ethereum dapps like Aave, Curve, and Uniswap employ The Graph (GRT).

The value of the GRT cryptocurrency comes from its capacity to guarantee The Graph protocol-dependent smart contracts’ proper execution. In particular, GRT stands out as the only cryptocurrency employed for crucial network functions. For instance, customers that send queries to indexers must pay a GRT-based query cost.

Curators receive query fees for the subgraphs they flag, indexers receive a share of the protocol’s query fees and incentives, and delegators receive a percentage of the indexer fees in exchange for lending their GRT. Anyone with GRT tokens can vote on ideas for the rules that will govern how the platform is used and participate in choices that will impact the software. Delegators designate another person to cast their votes on their behalf.

HypaSwap (HYPA)

HypaSwap (HYPA) is a newly developed DeFi protocol. With so many DeFi protocols available, HypaSwap’s main focus will be building a secure platform while taking a progressive approach to compliance and risk reduction and paying out substantial bug bounties.

HypaSwap is certain that with a sizable community working together to deliver DeFi and passive income to everyone’s fingertips, it’ll build a solid platform.

The HypaSwap protocol handles many tokens and currencies similarly to any other common liquidity protocol. HYPA, an ERC-20 token based on the Ethereum network, is the native token of HypaSwap. The main token for platform functions, including interest rates, fines, staking rewards, etc., is the HYPA token. Both earning HYPA on the site and purchasing it at the going rate on cryptocurrency exchanges are options. Stakeholders can unlock financial incentive opportunities and governance rights through HYPA.

Users who invest on HypaSwap receive stake rewards from the exchange. Staking is encouraged to reduce issues such as an unbalanced liquidity pool and a lack of liquidity. Any HYPA owner who wants to earn good returns can stake their tokens on the platform. The APY generated increases with the length of the lock-in period.

Stakers are additionally encouraged by different types of incentives to prepare a safety net for the liquidity pool. The holders of staked HYPA tokens may also take part in governance. In addition to giving stakeholders powers over management, the HYPA token also makes it easier for the safety module to secure the HypaSwap protocol. Token holders will also receive a 3% discount for purchasing HYPA with $500 of fiat currency.

HypaSwap Token (HYPA)
Presale: http://join.hypaswap.io/
Website: http://hypaswap.io/
Telegram: https://t.me/HypaSwap

Tezro Announces New Initiative Which Allows Users To Exchange USTC For TezroST 4591

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As per the latest announcement by Tezro, USTC token holders will be given the chance to exchange USTC for TezroST, which is the Tezro shopping token backed by Tether. The rate shall be $1 per USTC token and the new feature will also only be available via the official app.

A new and innovative feature

All the users need to do to use this new feature is download the app and look for the TezroST icon. If they possess any USTC tokens, they can easily exchange them for TezroST, a shopping token that can be utilized to pay for all sorts of goods and services in online stores through the Tezro Swift API.

Tezro supporters are being encouraged to try it out as soon as possible as this is one feature that they certainly would not want to miss out on, especially given the fact that almost nobody wants to hold on to USTC tokens anymore.

Tezro could be the answer

TerraClassicUSD (USTC), formerly TerraUSD, is an open-source blockchain that hosts a wide range of dApps (dApps) as well as developer tools inside its ecosystem. Originally formed as an algorithmic stablecoin, it is a cryptocurrency which uses algorithms to maintain a 1:1 peg with the inventory currency it backs.

TerraUSD was launched in September 2020 as part of a partnership with Bittrex Global. It was co-founded by Do Kwon, the creator of Terraform Labs which is the software development company responsible for introducing the TerraLuna and TerraUSD tokens. However, after the recent Terra disaster, many have lost faith in the project and most have already sold off their coins. Additionally, as TerraClassicUSD is not a stablecoin anymore, Tezro’s new initiative could indeed be a viable method of getting rid of the USTC tokens and exchanging them for TezroST, which most would agree is a more sensible choice at this point.

About Tezro

Tezro is a comprehensive platform and application that also serves as a cryptocurrency wallet. The app provides safe chat software with plenty of innovative features and services. In addition, Tezro AI enables consumers to invest effectively in a variety of currencies on Uniswap2 and Uniswap3.

Furthermore, Tezro allows its customers to send and receive messages as well as make crypto and fiat transactions from any location. It is also the very first program that combines virtual financial transactions with digital communications in real time. Lastly, Tezro is backed by third generation blockchain technology which enables the platform to offer a variety of services and features to users. The app is also compatible with all PC, iOS and Android devices.

Visit Tezro’s official website and the Twitter, Facebook and YouTube channels for more information and regular updates.

Ultiverse: The Ultimate Metaverse is Dropping the Second Round of Their Highly Anticipated Electric Sheep Genesis! 3748

The long-awaited Electric Sheep x Ultiverse Genesis round two mint has finally arrived. Leading up to this highly anticipated mint, the Ultiverse team have arranged a series of exciting, top-level secret events – in which members will have the opportunity to not only explore what is to come in the Ultiverse, but also reap rewards.

Surrounding the hyped-up cyberpunk style world, the Electric Sheep NFT collection stays true to this theme, immersing itself into an intricate storyline. The main aim of the collection is to deliver a central concept of “self-awareness”, broadcasting the Ultiverse’s positive message of equality, freedom and independence. Part of the events leading up to the drop will involve the Ultiverse’s Terminus City preview, which is set to become one of the first pioneering metaverse platforms utilising world-renowned Unreal Engine 5 – attracting not only gamers into the Ultiverse but investors too, who are taking advantage of the current bear market.

“We are excited to launch our second Genesis NFT mint at the end of July, which will give both players and investors an opportunity to enter the world of Web3 at what we believe to be the most opportune time in the industry – during the bear market. Not only does the Ultiverse provide the community with an intricate virtual world, but also allows the interaction between multiple worlds in a truly collaborative way with the help of our Cyber-Punk themed Electric Sheep NFT drop. The Ultiverse team has lined up multiple events leading up to the Genesis drop which we believe will give the community the ultimate taste test of what to expect from the Ultiverse. We are excited to see you all participate!” Said Frank Ma, CEO of Ultiverse.

The ES: 0rigin event will be focusing on the Electric Sheep’s six main characters, in which the community will be introduced to their individual lore, whilst earning rewards through completing missions, allowing for the successful reconstruction of the character’s backstory. Those who get their hands on the ES: 0rigin NFTs will have a 1:1 3D avatar able to enter Terminus City and join the alpha test, also opening up the opportunity for more airdrops in the future. Apart from being one of the few metaverse projects built using Unreal Engine 5, Terminus City delivers an immersive and realistic experience to players, providing them with multiple gameplay modes. Avatars will give players a full sensory experience, going beyond simply moving around the city. Apart from advanced moves such as climbing, cartwheeling, dancing and shooting, avatars will be able to trade, play mini-games, listen to music, go shopping and more.

The Electric Sheep NFT staking function will be activated on the day of the Genesis mint, also labelled as the “Awakening”, which will allow users to accumulate a number of rewards such as Ultiverse tokens, Terminus Land, “Soul”, and more. The event will hold an introduction into how to obtain rewards from “Awakening” and run through their full user-friendly interface.

Building the ultimate social gaming universe – Ultiverse is connecting the world of Web3 to an immersive and fully VR compatible virtual world, which will create a unique MetaFi. Seeing a $9.5M first seed round which was led by Binance Labs, along with participation from Sequoia, DeFiance Capital, SkyVision Capital, and Three Arrows Capital, there is no doubt that the second drop will be as successful – if not more. Potential investors can expect a fruitful journey with the Ultiverse, through their Electric Sheep NFT drop.