aelf(ELF)

YouTuber CryptoWendyO believes the TikTok ban is not really about TikTok, and could be used to go after the crypto space itself.

Crypto exchange Kraken has demonstrated its commitment to Canada's financial sector by signing a pre-registration undertaking (PRU) with the Ontario Securities Commission.Such a decision signifies the exchange's adherence to the stringent investor protection rules, which were amended by the Canadian Securities Administrators (CSA) in February. While these tighter regulations prompted some major exchanges, such as OKX and Blockchain.com, to exit Canada, others like Coinbase and Kraken have chosen to stay. Kraken COO and soon-to-be CEO David Ripley stated: "Canada as a geography is critical to our mission to empower people with new ways to connect and transact." Having operated in Canada for over a decade, Kraken's commitment to the country is set to continue despite the increased regulatory scrutiny. In the meantime, Kraken also recently implemented a pause for ACH settlements. Notably, Kraken recently made headlines when it was fined $30 million by the United States' Security and Exchanges Commission (SEC) and agreed to halt its staking operations as part of the settlement. This followed Kraken's refusal to register with the SEC in September, with Ripley asserting that the exchange had no plans to register since it did not trade securities. It was during this same period that Kraken's ex-CEO stepped down. This position contradicts SEC Commissioner Gary Gensler's insistence that all crypto assets, barring Bitcoin, are securities. In this sense, Gensler reveals himself to be a Bitcoin maximalist, but also represents a restricted view of the crypto space as an evolving, global ecosystem. Gensler has faced substantial criticism for the SEC's aggressive enforcement actions, rather than providing guidance to the rapidly growing crypto sector. In contrast, Canada appears to offer a more supportive environment for crypto platforms, with its clear guidelines and expectations for both exchanges and investors. Meanwhile, Gensler has been summoned to appear before the United States Congress' House Financial Services Committee (HFSC) on April 18 to defend the SEC's actions against the crypto sector. HFSC Chairman Patrick McHenry has questioned Gensler's approach to "rulemaking" and "digital assets." The outcome of this appearance will undoubtedly have significant implications for the crypto industry, particularly in the US. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The founder of the Tron blockchain, Justin Sun, is no longer a diplomat for Grenada. Grenada had recalled all diplomats following the June 2022 election in which the part that granted the title was removed from power. No Longer A Diplomat For Grenada According to reports coming from the Grenada Broadcasting Network, Sun’s removal as a diplomat came after the New National Party, which was the part that gave Sun the status, lost the election to the National Democratic Congress. The report stated that all ambassadors assigned by the previous government were recalled during the early months of the new administration. The report from the Grenada Broadcasting Network comes after weeks of intense speculation in the press and social media about Sun losing his credentials. However, Sun has not yet publicly addressed the speculation. Sun Carries On Justin Sun was appointed as the ambassador to the World Trade Organization by the government of Grenada in 2021. Since being appointed, Sun has gone out of his way to flout his credentials, styling himself as “His Excellency” on his social media accounts and during media interviews. Sun had been tweeting from his diplomatic Twitter account (@HEjustinsun) as recently as October. He has, so far, given no indication of losing his diplomatic status and still maintains the H.E. on his personal Twitter account. With Sun’s appointment as Grenada’s ambassador to the WTO, the government of Grenada stated that it expected him to help promote trade, development opportunities, and investment in the country. He was also tasked with supporting the development of infrastructure, human resources, and information and communication technology for the country and conduct himself in a way that enhances Grenada’s image. Neither Sun nor the government of Grenada have commented on the matter so far. SEC Charges Sun Soon after losing his diplomatic status, the Tron founder found himself in the crosshairs of the Securities and Exchange Commission (SEC). The SEC charged Sun with fraud and also accused eight celebrities, including rapper Soulja Boy and actress Lindsay Lohan, of illegally promoting his crypto assets. Sun, along with his companies, the BitTorrent Foundation, Tron Foundation, and Rainberry, were accused of scheming to distribute billions of Tronix (TRX) and BitTorrent (BTT) tokens and artificially inflate their trading volume since 2017. In a statement, the SEC Chair, Gary Gensler stated, “As alleged in the complaint, Sun and others used an age-old playbook to mislead and harm investors by first offering securities without complying with registration and disclosure requirements and then manipulating the market for those very securities. At the same time, Sun paid celebrities with millions of social media followers to tout the unregistered offerings, while specifically directing that they not disclose their compensation. This is the very conduct that the federal securities laws were designed to protect against regardless of the labels Sun and others used.” The Securities and Exchange Commission stated that some of those accused with Sun have agreed to pay a total of $400,000 in disgorgement, interest, and penalties to settle charges leveled against them. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The funding is the first of three rounds for the hardware wallet provider, whose success has been fueled by growing awareness of crypto self-custody.

Rich Dad Poor Dad author and billionaire entrepreneur Robert Kiyosaki has urged Twitter followers to buy Bitcoin, gold, silver, and top brands before they become too expensive. In one of his latest Twitter posts, Robert Kiyosaki tweeted “Rising interest rates killing capitalism” and “Buy before systemic inflation is in control”. His recommendations of what to buy include bitcoin, gold, silver, and the rich brands. SHOP til YOU DROP. Retail prices dropping. Rising interest rates killing capitalism. Rich brands on sale. Buy before systemic inflation is in control. Inflation is systemic not transitory. Buy Prada, Panerai, Polo, gold, silver, BC before brands become expensive. F’ poverty. — Robert Kiyosaki (@theRealKiyosaki) March 29, 2023 Kiyosaki has never minced his words when referring to the monetary system and what he perceives as the rapidly falling value of the dollar and all other fiat currencies. He has been scathing of the Federal Reserve, and other central banks, and has recommended that investors pull their cash out of the banking system and put it into “real money” such as gold, silver, and bitcoin. Kiyosaki is aware that his tweets and podcasts often attract a lot of detractors, but says “even if you choke on my two emergency podcasts, please listen, then decide what you want to do.” He adds: “If you trust our government, banks & Wall Street PLEASE STOP FOLLOWING ME.” Quite possibly, besides the recent podcasts, featuring Andy Schectman, many of the haters are upset with Kiyosaki’s oft-used phrase of DCB - Deception, Betrayal, and Collusion, which he accuses banks, Wall Street, and government of. With recent bank failures, and the actions of the Federal Reserve and other central banks, in promising potentially trillions of dollars in value with which to prop up any other of the large to medium sized banks in difficulties, it’s not difficult to imagine that Kiyosaki’s voice will sit well with investors and depositors who have much to gain or lose. Kiyosaki has made himself a fortune by investing in real-estate and has protected himself by buying all the assets, such as bitcoin, gold, and silver, which he is recommending to his followers. The same banks and financial organisations that Kiyosaki is deriding, will no doubt be concerned that such a well-respected financial guru is taking them to task. However, more important is that this man’s practical, albeit unpalatable views, are seen and heard by the common investor. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

According to a report from the Financial Times (FT), Binance chief Changpeng "CZ" Zhao and other senior executives have been hiding the crypto exchange's connections to China for years, mired in a somewhat shady series of dealings with the country. Despite Binance's claims of leaving China following the 2017 ban on cryptocurrencies, the Financial Times alleges that the exchange maintained significant ties to the country, including an office which was allegedly used until late 2019 and a Chinese bank utilized for employee payments. This report lends a certain degree of credibility to the United States Commodity Futures Trading Commission's (CFTC) lawsuit filed against Binance on March 27, accusing the exchange of deliberately obscuring its executive offices' location and the entities operating the trading platform. In response, Binance insists that it "does not operate in China nor do we have any technology, including servers or data, based in China," and that the Chinese government has no access to Binance data except through lawful law enforcement requests. "It is unfortunate that anonymous sources are citing ancient history (in crypto terms) and dramatically mischaracterizing events. This is not an accurate picture of Binance’s operations," a spokesperson for the firm said. The unfolding Binance controversy highlights the tension between the tacitly utopian vision of cryptocurrencies as a decentralized alternative to traditional financial systems and the current reality of powerful exchanges allegedly operating outside of the law. These alleged links between Binance and the Chinese state further complicate the situation, revealing the intricate interplay between companies and authoritarian states, and the effect that these ties have in forming over a rapidly developing crypto landscape. The alleged concealment of Binance's ties to China can be seen as a reflection of the obfuscation and manipulation that is all too common among authoritarian entities, arguably contradicting the foundational principles of decentralization, autonomy, and freedom from coercive control that's key to the original vision of crypto. In this instance, it is crucial for those keen to crypto's vision to address the role of the Chinese state, known for its authoritarian approach, within this context. China's heavy-handed tactics in regulating cryptocurrencies and its broader history of censorship and suppression raise concerns about the potential impact of such governance on the development and adoption of decentralized technologies. Why would Binance involved itself with such an entity? Is it purely for the sake of profit? Was Binance threatened or coerced in any way by the Chinese state? These remain as key questions on the matter as more details unfold with continuing investigations.Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Hydra Ventures DAO, a decentralized autonomous organization (DAO) backed by prominent investors like 1kx, ConsenSys, and Seed Club, is poised to disrupt the world of fund-of-funds investing with an innovative model tailored for the crypto industry.The brainchild of pseudonymous venture investor Pet3rpan, a partner at venture firm 1kx, Hydra Ventures has raised $10 million to create a DAO that will support other investment DAOs. "I think the cool thing about Hydra is that for the first time ever we have builders operating a fund of funds. Just ironic because most people who operate fund of funds come from an institutional capital background and I think this is the first science experiment where we see very active direct ecosystem participants operate fund of funds in a very crypto native way," Pet3rpan shares. DAOs are blockchain-based organizations without a central authority, employing blockchain technology for governance. According to data from DeepDAO, there are over 40 investment DAOs in existence. Pet3rpan was involved in the creation of one of the first investment DAOs, MetaCartel Ventures, which has 75 members and has invested over $13 million into more than 70 projects, including Gitcoin and Gnosis Safe. Pet3rpan initially considered the rapid deployment pace of investment DAOs as a drawback. However, he now sees it as an advantage, noting that "investment DAOs are really amazing vehicles for indexing exposure across a certain ecosystem or market focus." Hydra Ventures aims to invest in 30 to 40 DAOs, targeting up to 10% of the investment DAO itself. The core team of Hydra Ventures includes members from 1kx, MetaCartel Ventures, and Thing3. These members bring valuable experience in navigating the challenges of tax, accounting, and legal aspects of DAO operations. Hydra Ventures will integrate Thing3, an operations-focused service DAO, to address these issues. Stephen McKeon, managing partner at Collab+Currency, praised the Hydra Ventures DAO team, stating, "The venture DAO space is nascent and constantly evolving — so, to us, Hydra is well positioned to pioneer the DAO fund of funds model." Hydra Ventures is particularly interested in backing DAOs with a strong investment thesis. Pet3rpan believes that those who are passionate about a specific market domain or space have a considerable advantage in investing, deal flow, and due diligence. This conviction forms the core thesis for Hydra. Hydra Ventures started raising funds in June last year and closed the round in January. The funds will be stored in a diversified set of stablecoins, with plans to deploy the funds over three years instead of in perpetuity, like MetaCartel Ventures.Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

MakerDAO, the decentralized autonomous organization (DAO) behind the DAI stablecoin, recently passed a new "constitution" aimed at formalizing its governance process and bolstering decentralization.This constitution is a key component of the "Endgame Plan" designed to transform MakerDAO into a truly decentralized organization, with DAI potentially becoming the world's reserve currency. The Maker Constitution acknowledges the inherent resilience of decentralized systems like Bitcoin and Ethereum, which have withstood adversarial events and remain uncensorable. However, unlike these systems, the Maker Protocol relies on human decisions made by $MKR token holders, making it more susceptible to weaknesses and vulnerabilities that could lead to the protocol's failure or loss of user funds.To address these risks, the Maker Constitution employs "alignment engineering," a practice that designs mechanisms, incentives, and shared habits to align the interests of the entire ecosystem. The constitution establishes clear definitions and delineations of roles within the governance framework, ensuring transparency and reducing complexity. It also enforces a separation of concerns, discouraging actions that risk taking the DAO towards governance failure. Recognizing that budgeting, resource allocation, and control over governance privileges are vulnerable aspects of a DAO, the Maker Constitution emphasizes the importance of robust grassroots community participation. The constitution aims to enforce a self-sustaining equilibrium where MKR token holders can effectively govern the DAO while promoting its growth and adaptation. In a bid to counterbalance rigidity and immutability, the Maker Constitution introduces a system for incubating and launching SubDAOs, which operate as semi-independent DAOs linked to Maker Governance that enable fast-moving innovation, growth, and experimentation. These SubDAOs also allow for the delegation of responsibility and risk within specific, highly complex areas. Despite the constitution's approval with 76.04% of MKR votes, some users have criticized it as authoritarian. Critics argue that restrictions on communication from constitutional delegates effectively "muzzle" them and inhibit their ability to gather information. As the Maker Constitution takes effect, it is poised to play a crucial role in fortifying the protocol's governance, enhancing decentralization, and ultimately, achieving MakerDAO's ambitious Endgame Plan. The Maker Constitution sets the stage for the document's purpose and vision by acknowledging the inherent strength and resilience of blockchain technology, cryptocurrency, and decentralized finance (DeFi). It highlights how these systems, exemplified by Bitcoin and Ethereum, have demonstrated their ability to withstand adversarial events and maintain security, which is difficult to achieve in centralized systems. The Maker Constitution, however, acknowledges that the Maker Protocol is fundamentally different from Bitcoin and Ethereum in that it relies on human governance decisions made by $MKR token holders. This reliance introduces weaknesses and vulnerabilities that can potentially result in the protocol's failure or loss of user funds. While the constitutive aspects of the writing recognizes the importance of addressing full-scale governance attacks, such as takeovers or theft of all DAI collateral, it also emphasizes the need to address slow-moving, slippery slope governance risks, like cultural shifts, creeping misalignment, or structural inability to achieve results. These risks can emerge spontaneously and, if left unaddressed, can pave the way for full-scale governance attacks. The Maker Constitution highlights the importance of grassroots community participation and alignment with the protocol's purpose as essential tools for defending against these risks. It emphasizes the importance of nurturing a community that transcends mere financial gain, to create a united front that can effectively protect the protocol. It is precisely in this manner that the Maker Constitution sets the pace for its DAO, emphasizing the need for a robust governance framework that safeguards the protocol against both immediate and long-term risks. This framework aims to foster a strong, aligned community dedicated to promoting the protocol's resilience and success. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Detroit, USA, 29th March, 2023, ChainwireForging a new path for musicians to use Web3 technologies, the video offers a glimpse into Royce’s new virtual world, the Heaven Experience. "Signs" is the first song released from Royce's New EP "The Heaven Experience: Lost Sessions," available Friday, March 31.In advance of his March 31 release of The Heaven Experience: Lost Sessions, platinum-selling, GRAMMY®-nominated rapper Royce 5'9" has dropped the video for “SIGNS,” the first offering from his new EP. Created with Web3 platform Passage, the video gives fans a sneak peek into the Heaven Experience, Royce’s new virtual world for fans and community.Watch the “Signs” video here.Forging a path for musicians and creators to use Web3 technologies, the video for the high-energy freestyle is built inside an immersive virtual world. In partnership with Passage, the Heaven Experience will offer exclusive opportunities to connect with Royce 5’9” throughout 2023.Of the initiative, Royce 5'9" says, "I have been searching for a better way to connect with my community for a while, but existing platforms haven't lived up to my expectations. Passage delivers on all fronts.”Heaven Experience pass holders will benefit from connecting directly to Royce and his team, real-time engagement with the community and artists, and access to exclusive songs, performances, interviews, events, apparel, and more. Passes for the Heaven Experience will be available on April 4.With the Heaven Experience, Royce 5’9” has doubled down on his commitment to Web3 and community, offering a unique, immersive space to authentically engage with fans. The initiative follows a successful 60-second sell-out of his first NFT offering, which gave fans a percentage of streaming royalties from the critically acclaimed single, “Caterpillar,” ft. Eminem and King Green.By allowing creators to connect directly with their audience in immersive, custom 3D virtual settings, Passage is empowering artists and brands to forge deeper relationships with their supporters and engage in ways that aren’t possible with existing social platforms.Fans interested in joining the Heaven Experience can join the waitlist at heavenexperience.com.Dropping March 31, The Heaven Experience: Lost Sessions EP can be found across all streaming platforms and on sale on iTunes through Heaven Studios Inc. in partnership with The Orchard.Royce 5’9” and Lex Avellino, Passage founder & CMO, are available for interview upon request.About Royce da 5’9”GRAMMY® award-nominated Royce 5'9" has balanced substance and style with the best in music. In addition to selling millions of records with a remarkable solo career, Royce co-founded Bad Meets Evil (with Eminem), Slaughterhouse (with Joe Budden, Joell Ortiz, and Kxng Crooked), and PRhyme (with DJ Premier). Known for confident wordplay, revealing accounts of life in Detroit, and holding Rap peers accountable, Royce is among Hip-Hop's most trusted brands. With a cult following earned by professional accolades in his career, Ryan Montgomery's pedigree is never a question. Instead, through recent releases, including the #1 album Layers (2016), Top 10 and critically acclaimed album The Book Of Ryan (2018), and the thought-provoking GRAMMY® award-nominated Allegory (2019), Royce has been a leader of culture. Once the self-proclaimed "best-kept secret" of Rap, having written award-nominated songs for many artists, this platinum-selling, list-topping MC consistently earns accolades. Partnering with Jay-Z and Roc Nation with the NFL for its "Inspire Change" initiative, Royce 5'9" has gone on to be one of hip hop's leading activists, recently launching his Ryan Montgomery Foundation and its mission to empower underprivileged communities through advocacy, education, and personal enrichment, and joining long-time friend Eminem as the Director of Community Engagement and Social Justice Initiatives for The Marshall Mathers Foundation. For more information, visit royce59.com.About PassagePassage, is a world builder and social layer for connecting physical and digital experiences. Built on Cosmos, Passage is blockchain agnostic and offers a suite of tools to make the Metaverse more accessible: in-browser streaming, cross-world commerce for fungible tokens and NFTs, and 3D communication infrastructure. The Passage ecosystem is fueled by PASG, the native utility token used in Passage worlds. For more information, visit passage.io.ContactsChief of StaffBryana [email protected] & FounderTresa [email protected]

Enabling drivers and fleet operators to own and monetize their connected vehicle data IoTeX continues to take demonstrate why it is the leading DePIN technology provider DIMO puts vehicle owners back into the drivers’ seat offering enhanced mobility services IoTeX and DIMO are working to improve the driver and fleet operator experience for millions of vehicle owners worldwide. To kick off the partnership, IoTeX will build a W3bstream integration on the DIMO network and to invest in reducing the cost of the DIMO Hardware for users. IoTeX's goal is to drive the global transformation of mobility services on DIMO. Integrating W3bstream, the first smart device-to-smart contract off-chain compute infrastructure, onto the DIMO network, allows Web3 developers access to zero-party mobility data, unlocking the potential for groundbreaking automotive dApps that enable consumers and fleet operators to take control of their vehicle data. These dApps will also unlock significantly improved services, including automotive finance, insurance, shared mobility, maintenance, etc. Numbers that matter The DIMO-IoTeX partnership aims to improve driver and fleet operator experience for the 250 million connected vehicles on roads worldwide today, which represents 24% of all cars. By the end of this year, that number will increase to 350 million; by 2030, experts expect it to reach up to 2.5 billion. Furthermore, there are reports that data profits could surpass vehicle sales. A McKinsey report recently revealed that by 2030, 95% of all vehicles sold could be connected, and in that same study, they estimated that by then, data from advanced vehicles could represent a yearly income for their owners of about $600.. Other reports claim profit from vehicle data could soon surpass the cost of the vehicle itself. "DIMO solves a big problem and puts vehicle owners back in the digital driver's seat of their vehicles," said DIMO Co-Founder Andy Chatham. "Just four months after our network launched 10,000 vehicles that have traveled 50 million miles, more developers and users are starting to recognize that an open approach to vehicle connectivity will win." "Nine out of ten people believe they own and control their vehicle's data, and that isn't the case today," explained Chatham, co-founder of Digital Infrastructure Inc. "We're excited to have more partners helping us grow the DIMO project into a movement." An evolving partnership IoTeX, a Web3 infrastructure platform connecting intelligent devices and real-world data to blockchains, and DIMO, a platform connecting drivers and their data with developers and manufacturers to drive change in mobility services, have plans to evolve this partnership over time to continue delivering benefits to users. "We are thrilled to partner with DIMO to drive the future of mobility," said IoTeX CEO and Co-Founder Raullen Chai. "Combining our strengths in open, decentralized protocols and data privacy with DIMO's consumer products, open hardware ecosystem, and developer platform, we can create a user-owned digital ecosystem that empowers individuals and communities." Growing and succeeding The partnership will provide valuable opportunities for DIMO and IoTeX to grow and succeed in the DePIN sector. The scope of the collaboration includes integration with W3bstream, co-organizing developer hackathons on DIMO Data, co-marketing campaigns, and other initiatives to advance the future of mobility. IoTeX provides W3bstream, which can be viewed as a machine orchestration layer built on top of a blockchain that can organize and coordinate a set of machines to complete a specific task, enabling developers, businesses, and users to gather data from various sources, including trustworthy gadgets and machines connected to the Internet. DIMO allows users to create customized digital twins of their vehicles and save money and time with plugins for insurance, maintenance, tires, batteries, and even car sales and financing. Users earn rewards by using apps and services in the DIMO ecosystem and sharing aggregated data. Download the DIMO App here to try it today. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Crypto Wendy built an audience by being herself, defending others, trashing jerks and the SEC, and showing underdogs how to win at crypto.

Image: Wakweli The decentralized NFT certification protocol Wakweli collaborates with Polygon Labs to issue certificates for non-fungible tokens (NFTs) on the Polygon blockchain. Wakweli, a Web 3 certification protocol for NFTs that issues certificates of authenticity, is now collaborating with Polygon Labs, the leading development team on the Polygon blockchain, to bring certification to NFTs hosted on the blockchain. According to the team statement released this Wednesday, the collaboration allows every authentic digital asset to be verified by the Wakweli protocol. Speaking on the latest partnership, Antoine Sarraute, Co-Founder of Wakweli, praised the efficiency and cost-effectiveness of Polygon as a layer 2 chain and aims to capture the Polygon NFT market as he did the Ethereum NFT market. “Since 2021 when ETH fees skyrocketed, Polygon established itself as the go-to chain to mint assets and has performed extremely well ever since – it is now the home of incredible NFT projects,” he said. Following the collaboration, all tokenized assets and NFTs on Polygon will be compatible with Wakweli’s certification system and will have a green checkmark beside them after verification. Additionally, every NFT project holder on the chain will also be able to request authenticity certificates for each of their assets. Wakweli (Swahili for ‘Truthsayers’)is currently incubated by EverdreamSoft having been in operation since 2015. The protocol uses a ‘unique’ consensus mechanism, the proof-of-democracy (PoD), to authenticate and verify NFTs on every blockchain. Simply, Wakweli’s community is incentivized to review certificate reports and requests via a consensus with fair behaviours rewarded and malicious members punished to retain trust across the process. This is to promote the security and authenticity of assets. Once verified, the certified assets carry a green tick beside them when appearing on official marketplaces such as Opensea, which confirms their authenticity and helps promote the confidence and trust of the potential buyers. Sarraute believes the latest collaboration with Polygon, the second-largest NFT blockchain after Ethereum, will promote authenticity across the Web 3 tokenization economy. “We built Wakweli to create a safer web3 space across all chains, and today we are thrilled to collaborate with Polygon,” he said. “This will enable Wakweli’s certification power to all Polygon users and unlock a definitive way to fight scam attempts, creating more trust in this thriving ecosystem.” In addition, advanced use case scenarios will be available for NFT creators, developers and project holders via Wakweli’s platform and APIs. Some of these advanced use cases include automatic certification requests upon minting or accessing more precise certification data. Finally, additional customer and technical support will be available for developers and NFT holders in a bid to build “ a more secure digital ecosystem with the Polygon collaboration”, the statement further read. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

MELBOURNE, AUSTRALIA, 29th March, 2023, ChainwireBrand Ambassadors Daniel Ricciardo, Scotty James, and McLaren F1 driver Oscar Piastri join event at Melbourne Arts Centre to celebrate ahead of Australian Grand PrixOKX, the second-largest crypto exchange by trading volume and a leading Web3 technology company, today announced that it will open an office in Australia in the coming months.The announcement was made at an exclusive event for Australia's crypto community at the Melbourne Arts Centre, and was attended by OKX Ambassadors Scotty James and Daniel Ricciardo.OKX Ambassadors Daniel Ricciardo (left) Scotty James (right)On 30 March, the Australian Grand Prix commences and will feature the OKX-sponsored McLaren F1 Team car driven by Australian Oscar Piastri and Lando Norris.Haider Rafique, Chief Marketing Officer at OKX, said: "Our ambition is straightforward - to become the leading crypto platform in the world. We see Australia as an indispensable part of this strategy and a key growth market. With such a strong uptake of crypto in Australia already, we're committed to the local market and aim to build a strong local office."Daniel Ricciardo, Australian F1 driver and OKX Ambassador, said: "I'm very excited to see OKX plan an office in my home country. I had a great time celebrating with the OKX team and the crypto community today. The future looks bright for OKX in Australia."Scotty James, Australian Olympic snowboarder and OKX Ambassador, said: "Crypto never sleeps, and OKX continues to build its community. Australia is a special place for crypto, and it is exciting to see OKX announce it will be opening an office in Australia."OKX's commitment to trust and transparency is showcased by its publishing of Proof of Reserves (PoR) on a monthly basis. OKX holds the largest 100% clean reserves among major exchanges at USD$8.9 billion, according to third party data. Reserves and liabilities can be self-verified with trustless tools on the OKX website.OKX CMO Haider Rafique (left) and McLaren F1 Driver Oscar Piastri (right)OKX Ambassadors Scotty James (left), and Daniel Ricciardo (right) pose with OKX CMO Haider Rafique (center)About OKXOKX is a world-leading technology company building the future of Web3. Known as one of the fastest and most reliable crypto trading platforms for investors and professional traders everywhere, OKX’s crypto exchange is the second largest globally by trading volume and is trusted by more than 50 million users.OKX’s leading self-custody solutions include the Web3-compatible OKX Wallet, which allows users greater control of their assets while expanding access to DEXs, NFT marketplaces, DeFi, GameFi and thousands of dApps.OKX partners with a number of the world’s top brands and athletes, including: English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, golfer Ian Poulter, Olympian Scotty James, and F1 driver Daniel Ricciardo.OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis.To learn more about OKX, download our app or visit: okx.comDisclaimerThis announcement is provided for informational purposes only. It is not intended to provide any investment, tax, or legal advice, nor should it be considered an offer to purchase, sell, or hold digital assets. Digital assets, including stablecoins, involve a high degree of risk, can fluctuate greatly, and can even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific [email protected]

The EBF calls itself the voice of the European banking sector; it expressed its support for European digital money, with suggestions of its own.

According to Santiment's data, just 10.31% of Ethereum's supply is held on exchanges.

The new legislation, which will be put to vote on Tuesday, is set to impose new restrictions on transactions from self-hosted wallets.

Anti-money laundering plans have slightly liberalized but are set to bring NFT platforms into the regulatory fold