Token Daily

U.S.-based digital currency exchange Coinbase has filed a patent on a new bitcoin payment system designed to make cryptocurrency payments safer.

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Despite the sluggish price, the world’s most popular cryptocurrency has been settling more transaction volume than gold since Q2 2017. Bitcoin Showing Regardless of the bearish market, though, the world’s largest cryptocurrency settles more transaction volume than gold consistently.

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34k Ether ($16.5 million USD) worth of FOAM tokens were bought by 1,002 purchasers in our Token Sale that concluded last Friday. The average purchase amount was approximately $16,500, with a median…

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We can eradicate cervical cancer in one generation and I will walk 3500 miles to end it. My challenge is in aid of Cancer Research UK and goal is to raise awareness and £200,000 to fund research... Visit: 3500toendit.com

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Four new teams have been awarded grants with funding from the Aragon Project

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If you've heard of the blockchain or bitcoin, and ever wondered, how does that actually work and why are people so excited about it, this simulation is for you. And four close friends. Or strangers.

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Concern for user safety on ethereum is growing, in part, due to the warning cries of gambling dapp developers themselves who warn danger is afoot.

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smartcontag 7 hs ago

Etherum is very decentralized

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junk_mail_haver 6 hs ago

NOT

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do_some_fucking_work 7 hs ago

This seems similar to all of the centralized exchanges pushing fake volume but now with more decentralization. It’s a centralized scam running as a dApp. I think the crypto community should embrace this!

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sirtaptap 7 hs ago

I mean the butt subreddit DID say that scamcoiners are better than nocoiners so they seem to actively embrace it

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sirtaptap 8 hs ago

Turns out when you build a coin exclusively for the creepto space to make their own apps, when the creepto space is almost exclusively questionably legal gambling and definitely illegal scams...well...you're going to get a lot of scams and gambling apps

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Crypto_To_The_Core 9 hs ago

"The scale of this wallet, the scale of these bots. The amount of sheer gas being used. I genuinely think you're probably looking at a crime syndicate running this in China to scam people on a scale the ethereum network has never seen before...It's very bad."

Like many here keep saying, it's turtles all the way down. Scams on top of scams on top of scams.

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thehoesmaketheman 1 h ago

On a scale the network has never seen before? Did they actually manage to go over 100% somehow?

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trampabroad 1 h ago

IT'S A BLOCKCHAIN MIRACLE!

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mangutini 10 hs ago

Oh dear, Gambling never normally ends well.

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SnapshillBot 11 hs ago

What do I get in return for my $5000 from this other than the privilege of not having men with guns come to cage me for using math?

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Cthulhooo 10 hs ago

The privilege of having your 5000 getting caged using math.

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4f626220456e7179726c Yesterday

If people are investing large amount into a ponzi scheme smart contract, they need to accept the risk of losing it. It's nearly exactly the same as a smart contract dice game.

These contracts are not issues, they're stupid games, and those who play them win stupid prizes.

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After having announced many projects who are building on top of the Loopring Protocol a few weeks back, we wanted to introduce a new DEX who is leveraging Loopring and launching soon: Dolomite…

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Ripple is recommending three cryptocurrency exchanges as the "preferred partners" for transacting on its xRapid payments platform.

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Wallet-to-wallet OTC trades on AirSwap are faster and more secure — creating a network of verified (KYC) traders and unlocking a new type of liquidity. Rolling out now to select groups. Join the…

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coinwatchman 2 - 3 years account age. 300 - 1000 comment karma. 3 hs ago

What is the use case for this? If you can anonymously do a riskless atomic swap of assets, why would you care to expose your identity in the transaction?

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d3l33t3d 1 - 2 year account age. -15 - 35 comment karma. 2 hs ago

because of legality. Trading desks must conform to same regulations they would using securities OTC. This is the setup for tokenized security swaps.

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coinwatchman 2 - 3 years account age. 300 - 1000 comment karma. 2 hs ago

If this is about securities, I understand. Are there any tokens out there that are securities that this would apply to?

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GreenRainChannel 1 - 2 year account age. 100 - 200 comment karma. 1 h ago

lotta tokens are in grey area now, even utility tokens and possibly even AST. so better to be safer

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coinwatchman 2 - 3 years account age. 300 - 1000 comment karma. 1 h ago

Safest thing appears to be exiting the US.

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GreenRainChannel 1 - 2 year account age. 100 - 200 comment karma. 1 h ago

> NFTs for KYC/AML lotta tokens are in grey area now, even utility tokens and possibly even AST. so better to be safer

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centurion_matthew Redditor for 4 months. Yesterday

Seems like a cool use of NFTs for KYC/AML proof in this new Airswap product.

It's interesting to think of potential uses beyond trading for what'll essentially become a real-world identity token. I wonder if Airswap has any plans/partnerships forthcoming in that regard...

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jayksofue 10 hs ago

Would you be able to elaborate on this? What part specifically are you referring to?

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centurion_matthew Redditor for 4 months. 8 hs ago

> "Traders can now complete “know your customer” (KYC) and anti-money laundering (AML) verification with our third-party partner Wyre, a registered money services business (MSB). After traders complete this KYC process, a non-fungible token (NFT) is deployed onto the Ethereum blockchain to indicate verification. This token is then public and visible to anyone, making for a decentralized network of verified traders." I am making an assumption that the NFT mentioned within the article, after having been created by each trader following completion of the requisite KYC/AML verification, will be in the possession of that individual trader. Before elaborating on what I was trying to say, I guess it'd be helpful if you could help provide any clarification in regards to my assumption. If you are unable to, I'll gladly color in what I had been thinking.

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jayksofue 2 hs ago

The token is created and managed by Wyre and associated with a KYC verified trader by Ethereum address only: no other information about the trader is on-chain.

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centurion_matthew Redditor for 4 months. 1 h ago

Thanks for clarifying. I knew the information (e.g. social security number, personal id info) wouldn't be saved on chain, but thanks to you and reading more about Wyre, it seems that Wyre will host (and thus maintain custody in some way) each wallet that each trader uses that's associated with the above mentioned info that's also represented by a NFT that Wyre controls that may or may not be in each trader's wallet. From Wyre's TOS: > "Wyre provided hosted wallet(s) that allow you to hold the financial equivalent of funds you place with Wyre in a digitally represented form of (“Value”)." Since the personal id/info-associated wallets don't seem like they'll be in the full control of the individual traders then, the value of serving as a robust and meaningful form of digital real name identity would seem to be much lower than I originally assumed. Am I right?

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JaleDarvis Redditor for 3 months. Yesterday

Anyone else getting wrecked owning AST?

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Buckeye1234 14 hs ago

Me

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adamoo403 Developer Yesterday

ast ico owner here, been doing great! /s

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TotesMessenger Yesterday

I'm a bot, bleep, bloop. Someone has linked to this thread from another place on reddit:

[/r/airswap] AirSwap is rolling out a wallet-to-wallet OTC trading product with KYC verification
[/r/cryptocurrency] AirSwap is rolling out a wallet-to-wallet OTC trading product with KYC verification

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Investors invest against narratives; builders build directionally towards narratives; commentators race to associate themselves with the dominant narratives or, alternatively, to be the contrarian…

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jon choi - @jon_choi_

for better or for worse, memes drive sentiment in this space. this is the missing guide to the idea ebbs and flows in crypto (instant follow) https://t.co/FZXM090eR1

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Marty Bent - @MartyBent