| DAEM Latest Updates |
| |
 |
| |
| Market Overview |
| |
Crypto market trading volume decreased to $66.2 billion over the past week. Bitcoin prices decreased by 2.82% over the week to trade at $59,154 on Wednesday. Ethereum prices decreased by 7.37% for the week to $3,110 on Wednesday
|
| Crypto: The EU Imposes Strict Rules on Exchanges |
| |
The "Travel Rule", adopted by the EU, aims to extend anti-money laundering (AML) and counter-terrorist financing (CFT) measures to crypto service providers. This rule, already well-known in the banking sector, requires financial institutions to collect and transmit information on fund transfers.
Starting December 30th 2024, cryptocurrency exchanges operating in the EU will need to report detailed information on every transaction.
This information includes the identity of the sender and recipient, as well as the nature of the transaction. The goal is to detect and prevent suspicious activities from the outset. This represents a significant investment in time and resources. However, European authorities believe the long-term benefits will outweigh these initial costs, making the fight against money laundering more effective.
The new guidelines imposed by the EU will have significant repercussions on cryptocurrency exchanges. Not only will they have to collect detailed information on users and transactions, but they will also need to establish clear policies regarding cross-border transfers and multi-intermediation.
This regulation is part of a broader framework for regulating digital assets in Europe, notably through the Markets in Crypto-assets (MiCA) regulation.
In addition to collecting information, exchanges will need to declare their compliance policies and ensure their operations meet the new standards.
Cryptocurrency service providers will have a two-month period after the rule's implementation to declare their compliance.
(Source: Cointribune)
|
| HashKey teases launch date for its Ethereum layer-2 network |
| |
Hong Kong's largest licensed crypto exchange operator, HashKey Group, has announced the launch period for its Ethereum layer-2 solution dubbed HashKey Chain. In an X post on July 8 2024, the X account behind the project revealed that the network's mainnet is scheduled to be launched in Q4, without providing a specific launch date.
The HashKey Chain network will serve as the base for the HashKey EcoPoints (HSK), an ERC-20 token developed by HashKey Group to serve as an incentive for ecosystem contributors, offering fee discounts and "specific rights" for asset issuance as well as early access to "future new token subscriptions."
As crypto.news earlier reported, the HSK whitepaper outlines a total supply of 1 billion tokens. Of this, 65% is allocated for marketing and business development, 30% for the HashKey team, and 5% reserved for additional ecosystem user protection. The exchange will also burn HSK tokens, using 20% of the firm's net profits to "protect HSK holders from the dilutionary impact of rewards-based increases in HSK circulating supply."
HashKey first unveiled plans for its own utility token in November 2023, saying the token's economic model will be "closely tied to the long-term interests of ecosystem contributors."
(Source: Crypto News)
|
|
| |
|
| |
|
|
| |
|
|
| |
| |
 |
| |
| ixCrypto Index Series |
| |
| |
信昇加密貨幣指數受整體加密貨幣市場消息及氣氛影響，周三報11,025點，一周下跌8.1% ；信昇比特幣指數報14,054點，一周下跌6.2%；信昇以太幣指數報26,360點，一周下跌9.9%; 信昇加密穩定幣報999.63點。信昇比特幣現價指報58,182點，一周下跌6.2%；信昇以太幣現價指數報3,068點，一周下跌9.9%。
| Index | Index Level
(as of 2024-07-10) | Weekly % Change |
| ixCrypto Index | 11025 | -8.1% (-967) |
| ixBitcoin Index | 14054 | -6.2% (-924) |
| ixEthereum Index | 26360 | -9.9% (-2898) |
| ixCrypto Stablecoin Index | 999.63 | +0.03514% (+0.35114) |
| ixBitcoin SP Index | 58182 | -6.2% (-3828) |
| ixEthereum SP Index | 3068 | -9.9% (-337) |
Note:
3 ixCrypto Benchmark indexes are rebased to have same base date and level (Base value is 1000 and base date is 3 Dec 2018) for the purpose of easy comparison. The Spot Price Index series provides a single price for the market at every 5 second interval real-time, USD-equivalent spot rate for the most representable coins in the world. Each of the 5-second interval disseminated indexes is an average price of the coin in 10 exchanges which will be reviewed quarterly. They are designed for mark-to-market use.
|
| |
| |
|
|
| |
| |
| |
| Top 5 Weekly Best Performers |
| Coins | Price | 7 Days Change |
 MultiversX | $36.58 | +16.55% |
 TRON * | $0.13 | +0.43% |
 Sei | $0.33 | -2.30% |
 Kaspa | $0.17 | -2.46% |
 VeChain | $0.03 | -2.73% |
|
| |
| Top 5 Weekly Worst Performers |
| Coins | Price | 7 Days Change |
 Arweave | $22.13 | -22.13% |
 Fantom | $0.46 | -19.38% |
 Conflux | $0.14 | -17.80% |
 Flare | $0.02 | -16.23% |
 THORChain | $3.52 | -16.23% |
Note:
* IXCI Constituents
Above data is based on the top 50 crypto coins by market cap
|
| |
| |
|
|
| |
| |
| |
| About US |
| |
| |
IX Fintech Group is a Hong Kong based digital assets award winning company, including HK FinTech Awards, HK FinTech Impetus Awards, IFTA Awards and TADS Awards. The company's mission is to bridge the traditional finance and new digital finance in a secured and compliant way. In the past 3 years, the Group won awards in different areas including cross boarder payment solution, blockchain technology, wealth management and trading platform etc.
|
|
|
| |
| About DAEM |
| |
| |
The Digital Asset Exchange Machine (DAEM) is the first next generation De-Fi ATM installed with post quantum computing security. The machine enables the exchange between cash and digital assets (cryptocurrencies, real asset backed tokens, and security tokens). DAEM Technology aims to build the best next generation digital asset financial framework, targeted to facilitate exchange between traditional assets and digital assets. The whole system is truly decentralized, meaning the savings of the customers are all on the blockchain but not in the machine. The machine is also prepared with a full set of KYC function for future regulatory adoption. Every transaction here is tri-protected by network security, time protected token (example OTP) and a patented encryption technology from a Canadian partner IronCAP which supercomputer cannot hack.
|
|
|
| |
| About ixWallet |
| |
| |
ix Wallet is a decentralized digital asset wallet launched by ixFintech Group together with DAEM. Users can easily manage their digital assets and conduct transactions through the wallet APP. All user assets are stored on the blockchain similar with DAEM. In addition, ixFintech has cooperated with two overseas technology companies to apply their patented digital ID verification solutions and post-quantum encryption technology to the ixWallet, and build the e-wallet of choice to move in line with the world digital asset development and customer demand.
|
|
|
| |
|
|
| |
|
|
| |
