AirWire(WIRE)

The decentralized wireless platform offers a token-reward system to incentivize users to contribute to the network.

The defendants are said to have committed hundreds of acts of wire fraud, "causing harm to Google and at least approximately 100,000 Google users."

Wired claimed this week that decentralized autonomous organizations are gathering grounds for "dangerous groups." But the article misunderstands what DAOs actually do and what they are useful for, says Preston Byrne.

In tandem with this tug-of-war price, SHIB has witnessed a surge in transaction volume, notably hitting trillions, according to IntoTheBlock data.

Helium ($HNT) stands out as a decentralized blockchain network dedicated to empowering Internet of Things (IoT) devices. Launched in July 2019, the Helium mainnet facilitates communication among low-powered wireless devices, leveraging a network of nodes for seamless data transfer. These nodes, known as Hotspots, function as a combination of wireless […]

The creator of the Mutant Ape Planet NFT collection pleaded guilty to wire fraud in a New York federal court.

Three men filed fraudulent reports with banks concerning unauthorized wire transactions, thereby stealing $10 million.

The founder of the ill-fated NFT collection admitted to intentionally defrauding investors with fake promises.

The French developer of the Mutant Ape Planet NFT collection faces up to five years in prison after pleading guilty to wire fraud charges.

Irina Dilkinska may potentially receive a maximum sentence of 10 years in prison for her involvement in OneCoin.

Bitwise Asset Management stresses it has no relationship with the startup Bitwise Industries whose founders have been charged with conspiring to commit wire fraud.

A filing last week suggests Sam Bankman-Fried's defense wants to get back to the argument that Bankman-Fried did not technically commit wire fraud because FTX’s terms of service were worded in such a way that there's no case to argue funds were misappropriated.

W-Pay represents a decentralized solution underpinned by zero-knowledge technology, built using Polygon's Chain Development Kit.

Wirex first launched its crypto debit card in 2015 and currently claims over six million customers.

Former IcomTech head Marco Ochoa is the latest crypto fraudster to face charges, while the CFTC charged another company and its head.

If he’s convicted of wire fraud and/or conspiracy charges, FTX founder Sam Bankman-Fried will probably spend quite a bit of time behind bars. But there’s a good chance the 31-year-old won’t spend the rest of his life in prison.

Sam Bankman-Fried stands accused of committing wire fraud and conspiracy to commit several other types of frauds. His once-mighty crypto exchange, FTX, collapsed in dramatic fashion nearly a year ago, shedding billions in value. And in two weeks, he’ll begin his effort to convince a jury of his peers that he didn’t commit any of many alleged crimes while running the company.

Georgetown, Cayman Islands, August 30th, 2023, Chainwire Multiple core contributors of Quickswap, celebrated for their success on Polygon, have launched their next venture: Kinetix Finance on Kava Chain. Kava Chain is a Layer-1 Cosmos-Ethereum interoperability blockchain. The Kinetix Finance perpetual exchange is tailored for users eager to leverage trade without the limitations of traditional centralized exchanges. Kinetix's innovative Perpetual Market allows users to leverage trade on the Kava Chain. The Perpetual Market meets the rising demand for decentralized trading solutions, offering users leveraged exposure to crypto assets like KAVA, axlETH, axlWBTC, ATOM, and USDt all while ensuring utmost transparency and security. "The Perpetual Market is not just another trading platform — it is a reflection of Kinetix's dedication to providing decentralized solutions that empower our users. With this platform, we're offering a unique, secure, and efficient way to leverage trade on the Kava Chain," said Kinetix team lead Alexi Atlas. At the heart of Kinetix's Perpetual Market is the distinctive liquidity pool system, KLP. LPs can offer any of the initial five supported assets: KAVA, axlETH (ETH), axlBTC (BTC), ATOM, and USDT. In return for contributing these tokens, participants receive KLP, a special liquidity token representing the entire basket. This decentralized structure, combined with the protocol's AMM, facilitates leverage trading, allowing users to borrow based on the value of their collateral. “Kinetix's Perpetual Market boasts a suite of features tailored to cater to sophisticated DeFi users. Its decentralized nature guarantees that positions of any size can be taken with clarity and safety,” said Scott Stuart, Kava Chain Co-founder. “And the KLP token is a nod to traditional liquidity pool systems, ensuring familiarity and ease of use for traders.” For more updates, follow Kava Chain and Kinetix Finance on X (fka Twitter). About Kava Kava Chain is a secure, lightning-fast Layer-1 blockchain that combines the developer power of Ethereum with the speed and interoperability of Cosmos in a single, scalable network. Committed to fostering innovation and growth, Kava Chain is a trusted choice for developers and users worldwide. About Kinetix Kinetix Finance is building a DeFi Hub featuring perpetual futures trading and the most sophisticated trading instruments on Kava, connecting the major building blocks of decentralized finance. Your best trade, every trade. Contact Media ManagerGuillermo [email protected]

Seoul, South Korea, August 30th, 2023, Chainwire It brings together the most sought-after builders, enterprises, thought leaders, and innovators to spark crucial conversations that shape the future of the industry FactBlock, a Web3 ecosystem accelerator and the organizer of KBW2023 along with the co-host Hashed, a prominent Web3 venture fund based in South Korea, are delighted to announce that delegates attending the 6th Edition of the Korea Blockchain Week will get to witness the most influential people in the industry sharing their learnings and insights on every aspect of crypto, Web3 infrastructure and beyond. It’s where the change makers shape the narratives and set the agenda for the future. This year’s impressive speaker lineup features more than 200 thought leaders and builders including Ethereum Co-founder Vitalik Buterin, Circle CEO Jeremy Allaire, Wemade CEO Henry Chang, Maelstrom CIO Arthur Hayes, Hashed CEO Simon Kim, BitGo Co-founder and CEO Mike Belshe, Polygon Co-founder Sandeep Nailwal, Line Next’s Business Director Woosuk Kim, and SkyBridge Capital’s Founder and Managing Partner Anthony Scaramucci. Seonik Jeon, CEO of FactBlock, said, “Established in 2018 to rectify information imbalances in blockchain and cryptocurrency, KBW now enters its sixth year. Evolving annually, we provide global crypto communities with insightful knowledge, networking, and entertainment. This year, in addition to featuring renowned speakers and diverse sessions to share insights at the Impact conference, we are launching a Web 3-based art and music festival. We anticipate all KBW 2023 participants will relish an immersive week-long engagement with shared knowledge, art, music, and culture in Korea.” Attendees will also have more opportunities than ever before for networking, collaboration, and discussion. As Asia’s most impactful blockchain event, the week-long conference will be a platform where blockchain builders from all over the world discover the future of Web3, and explore its impact on various industries and cultures. The conference will take place from September 4 to September 10, with the main event, KBW: Impact, running from September 5 to 6 at The Shilla Seoul. Simon Kim, CEO of Hashed, stated “KBW is establishing itself as a B2B platform that goes beyond mere conferences and events, generating practical multinational business collaboration opportunities. In this event, we can anticipate not only the participation of exceptional speakers as mentioned above but also the excitement of more than 150 diverse side events scheduled to take place.” With the rising technology, institutional fever, and mass adoption in focus, the organizers aim to make KBW2023 an idea lab rather than an echo chamber. It’s where builders, investors, legacy finance executives, policymakers, and crypto-curious newcomers flock to exchange ideas, collaborate, and find solutions to some of the thorniest challenges facing the industry. The biggest highlight of the upcoming conference will be KBW: IMPACT, the main 2-day event that brings together thought leaders and crypto-curious from around the world to spark discussions along the following core themes: Fundamentals– Dedicated to answering the fundamental questions of blockchain and crypto. Kingdom of Ethereum – Shining light on the future of Ethereum infrastructure and community. Oil the Wheels – Addressing subjects that make blockchain ecosystem and developers’ growth. Way to Billions – Analyzing the key challenges and contributors to mass adoption. What's on Chain – Showcasing and harnessing the power of on-chain data for research, analysis, DeFi, risk management, and more. Regional Taste – A look at how the unique strengths of markets like Korea, Japan, India and Southeast Asia are helping them embrace blockchain technology. Tech Unleashed – A deep dive into emerging trends and technologies such as zero knowledge, shared sequencing, orderbook DEXes, privacy, interoperability, and more. Digital Nation – Dedicated to exploring how blockchain technology will shape the social structures with DAOs, decentralized social graphs, and metaverse. Institutional Fever – Dedicated to the B2B side of blockchain, it would serve as a bridge between Web2 enterprises, financial conglomerates, and Web3 projects. Code in Law – To help the industry players understand the regulatory landscape. The week-long industry gathering will spotlight three main events, an official afterparty, and almost two hundred side events. Highlights include the two-day keystone conference "Impact" on September 5th and 6th; the two-day immersive digital art experience "The Gateway: Korea” with nft now on September 7th and 8th; and the two-day music festival "Micro Seoul: Seoulbound" as the official closing ceremony of KBW. Rounding off the week, "Beyond Seoul" will take center stage as the official KBW afterparty from September 7th to 10th, celebrating the intersection of technology, culture, and self-expression. With over a hundred registered side events, attendees can expect a week brimming with engagement and insight. About Korea Blockchain Week Korea Blockchain Week is the premier blockchain and cryptocurrency event in Asia, bringing together industry leaders, investors, and enthusiasts worldwide to discuss and explore the latest developments and trends. Organized by Factblock and co-hosted by Hashed, the conference features a series of speeches and panel discussions by the leading minds of the blockchain space, as well as a rich selection of side events and networking opportunities to foster collaboration within the Korean and global blockchain community. Buy Tickets Attend as Media Discover Sponsors Check out FAQ Contact Itai [email protected]

London, United Kingdom, August 29th, 2023, Chainwire Socrates is a web3 social media and educational platform based on the Polygon blockchain Following extensive testing, the platform will launch to the public on 12th September 2023 The platform allows anyone to participate in multiple-choice questions and answers, with rewards distributed for interacting The organisation aims to provide a platform offering new levels of discussion, insight and thought across geographical boundaries Socrates, a web3 social media and educational platform based on the Polygon blockchain, has announced their highly-anticipated public launch on 12th September 2023. Following a comprehensive testing phase, Socrates is poised to redefine online interactions by providing a dynamic space for open debate and knowledge sharing. The platform enables users globally to earn rewards by easily creating and answering multiple-choice questions in-app, discussing any topic, from politics and science, to sports and entertainment. Individuals can also give reasons and like comments to further support their opinions. Utilising an intuitive user interface and blockchain technology, it will offer an uncomplicated overview of diverse perspectives, reducing spam and promoting the circulation of valuable and high-quality content. Uniquely, they've created an incentivised model where any interaction contributes to the question's prize pool. Once a question closes, potential rewards are distributed, stimulating meaningful conversations among participants. With web2 social media currently directing collective human thoughts and popular AI language technology providing standardised answers, Socrates emerges as a beacon of change. Combining the best of Social-Fi and Game-Fi, Socrates' mission is to explore how web3 technology can foster a new era of exploration and engagement. By creating a revolutionary platform encouraging free speech, it aims to combat misinformation and offer diverse human thoughts on issues in a secure environment. "We're hugely excited to enter the last phase of testing before we publicly launch. By leveraging the potential of web3 technology, we're enabling societies to understand new ways of thinking that transcend geographical and cultural boundaries," said Lottie Wells, Head of PR at Socrates. "12th September 2023 will mark a new chapter in empowerment and engagement." From 12th September 2023, the organisation invites users to join the debate by signing up and experiencing Socrates at socrates.xyz. About Socrates Socrates is a global web3 social media and educational platform based on the Polygon blockchain, where users earn by participating in multiple-choice Q&As, debating and sharing knowledge. Combining the best of Social-Fi and Game-Fi, the organisation aims to explore the power of technology to reshape the world and new ways of collective thinking. It is named "Socrates" because it revolves around the core concept of "multiple-choice questions without standard answers" and embodies the spirit of thinking and dialectics. The function of the Socrates product lies in inspiring individuals to engage in dialectical thinking on a range of issues. The product aims to counteract the biased and extreme tendencies prevalent in mainstream social media's approach to societal problems, and seeks to propel human society towards a more rational, inclusive, equal and open direction. Furthermore, it harnesses collective wisdom to expand the boundaries of human thinking. Socrates aspires to showcase individuals' diverse perspectives, choices and debates on different issues to the world. In doing so, we aim to promote mutual understanding and inclusivity among individuals, nations, and countries. Our goal is to foster healthy competition and lasting peace in human society, thereby contributing to the exploration of new kinds of civilisation for humanity. Integral to Socrates' mission, they've developed a robust strategy ensuring the development of high-quality content in a concise way, that minimises spam and provokes engagement like never before. The platform has created an incentivised ecosystem where any interaction on the platform gives the chance to earn rewards. Utilising an innovative and intuitive UI with blockchain technology, Socrates focuses on transparency and security, offering users web3's unparalleled privacy features and the reduction of spam. Website | Twitter | Discord | Telegram Contact Charlotte [email protected]

Sam Bankman-Fried’s legal team has lodged an appeal against his bail revocation, arguing that his constitutional right to adequately prepare for the upcoming trial is being compromised. Bail Revocation For “Witness Tampering” U.S. District Judge Lewis Kaplan in Manhattan had revoked Bankman-Fried's bail due to allegations that he attempted to tamper with witnesses linked to his trial, which included Caroline Ellison and former FTX.US general counsel Ryne Miller. The move led to Bankman-Fried's incarceration, sparking controversy around his access to a fair trial. According to the allegations, Bankman-Fried had revealed the personal writings of his former colleague and romantic partner, Caroline Ellison, who has also been embroiled in the FTX controversy. The writings, predating FTX's collapse, showcased Ellison's emotional state and reflections on her job and her breakup with Bankman-Fried. Prosecutors vs Defense Prosecutors have contended that Bankman-Fried's disclosure of these writings was intended to harass Ellison and potentially discourage potential witnesses from testifying if they feared negative publicity. They argue that his actions were an attempt to exert undue influence on the proceedings. Bankman-Fried's attorneys had attempted to challenge the judge’s decision and sought to prevent his immediate detention until the appeal was heard. These efforts, however, were unsuccessful. The legal tussle is now in the 2nd U.S. Circuit Court of Appeals, where the court will need to weigh the former CEO's First Amendment rights against the alleged interference with witness testimony. The defense maintains that his actions were not meant to intimidate or threaten but rather to safeguard himself. He had shared part of Ellison's private diary with a reputable newspaper, citing self-protection as the motivation. They wrote, "It is unclear how a cooperating witness who has promised to testify against a defendant could be meaningfully threatened by nothing but their own statements being published by a reputable newspaper.” Challenges Faced in Detention Presently held at the Brooklyn Metropolitan Detention Center, Bankman-Fried is claiming to face challenges in adequately preparing for his trial. His legal team argues that his confinement interferes with his ability to participate in the trial preparations, a fundamental constitutional right. The judge also denied his request to remain out of jail during weekends, aimed at aiding his preparations. Upcoming Trial and Additional Charges Bankman-Fried's trial is slated to commence in October and will address charges including wire fraud, commodities fraud, securities fraud, money laundering, and related conspiracy allegations. In a recent development, he has been hit with seven new charges pertaining to the alleged donation of $100 million worth of customer funds to political campaigns. Bankman-Fried has pleaded not guilty to the new charges as well. 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.

Georgetown, Cayman Islands, August 28th, 2023, Chainwire Stargate, the leading omnichain liquidity layer, and native asset bridge with over $18 billion in lifetime transaction volume, has now deployed on Kava Chain, the Cosmos-Ethereum interoperable Layer 1. This integration will expand the reach of Tether’s Cosmos-native USDt issued exclusively on the Kava Chain, to the Ethereum ecosystem and beyond. Stargate's success in connecting Ethereum networks is unmatched, with 300x more TVL than the next most-used bridge. Deploying Stargate on the Kava Chain gives DeFi users the most secure and efficient way to move USDt between the Cosmos and Ethereum ecosystems. The integration ensures that users from any of Stargate’s chains have access to USDt on Kava Chain and every app-chain on Cosmos’s Internet of Blockchains. Ease-of-use features like single-click transfers and swaps, combined with unified liquidity and instant guaranteed finality, make traversing USDt capital efficient and simple. Stargate's native asset transaction capabilities ensure a more direct and efficient connection to the Cosmos ecosystem. “Kava Chain’s growth since becoming the exclusive native USDt hub for Tether has been impressive, with 90 million native USDt issued,” said Scott Stuart, Kava Chain Co-founder. “With Kava Chain now on Stargate, both retail and institutional users who previously had restricted access to certain features on Kava, now have an even broader spectrum of opportunities with USDt.” Stargate's involvement, combined with the Kava Chain's USDt integration, promises to drive growth, increase exposure to liquidity, and open the Kava Chain and Cosmos ecosystems to wider markets, unprecedented usage for the first time. About the Kava Chain The Kava Chain is a secure, lightning-fast Layer-1 blockchain that combines the developer power of Ethereum with the speed and interoperability of Cosmos in a single, scalable network. Committed to fostering innovation and growth, the Kava Chain is a trusted choice for developers and users worldwide. For more updates, follow Kava Chain on X (fka Twitter). About Stargate Stargate is a fully composable liquidity transport protocol that lives at the heart of Omnichain DeFi. With Stargate, users & dApps can transfer native assets cross-chain while accessing the protocol’s unified liquidity pools with instant guaranteed finality. Contact Media managerguillermo [email protected]

Zug, Switzerland, August 28th, 2023, Chainwire Supra, a leading blockchain organization that provides Oracle and Verifiable Random Function (VRF) services, today announced the creation of HyperNova, its new bridgeless technology that facilitates cross-chain communication directly via L1 consensus. This groundbreaking new methodology allows blockchains to connect interoperably without the need for a centralized bridge. “HyperNova is a major breakthrough for the blockchain industry,” said Joshua Tobkin, CEO of Supra. “It eliminates the need for centralized bridges, which can be a single point of failure and a major vulnerability in Web3. HyperNova’s bridgeless technology makes blockchain connections more secure, reliable, and scalable via L1 to L1 cryptographic consensus.” HyperNova bridgeless technology works by using Supra’s novel, low-latency, consensus algorithm, known as Moonshot Consensus, to understand the underlying cryptographic signatures of interacting chains. This allows Supra to provide a secure, reliable, and scalable cross-chain consensus that is strictly better than traditional bridge designs. Benefits of Supra’s HyperNova Bridgeless Tech Supra’s HyperNova offers a number of benefits over traditional centralized bridges, including: Increased security: HyperNova eliminates the need for a centralized bridge, which can be a single point of failure. Instead, Supra directly verifies that cryptographic signatures of the source and destination chains, which provides L1 to L1 security guarantees. Improved scalability: Bridgeless tech is more scalable than traditional centralized bridges. This is because Supra itself is a high-throughput IntraLayer that can handle many cross-chain consensus requests simultaneously. Enhanced capabilities: Supra’s HyperNova multi-chain solution enables novel cross-chain use cases that are not possible in bilateral (one-to-one) solutions. Use Cases for Supra’s HyperNova Bridgeless tech can be used for a variety of use cases, including: Cross-chain DeFi: HyperNova can be used to enable cross-chain DeFi, which allows users to transfer assets and interact with DeFi applications across different blockchains. Cross-chain gaming: Bridgeless tech can be used to enable cross-chain gaming, which allows players to transfer their in-game assets or NFTs across different blockchain-based games. Cross-chain oracles: HyperNova can be used to enable cross-chain oracles, which provide secure and reliable data feeds to DeFi applications across many ecosystems. About Supra Supra is building a low-latency interoperability infrastructure to provide Web3 capabilities that traditional blockchain designs lack. Supra, as a vertically integrated IntraLayer™, enables a shared security paradigm across a variety of oracle services. This includes securing external data on-chain, cross-chain consensus via their bridgeless HyperNova, automation, VRF, smart contract execution, and more. After thousands of hours of R&D and simulations, Supra’s technical breakthroughs are solving the Oracle Dilemma and optimizing network performance across the board in terms of security, throughput, time to finality, composability, and programmability. Supra has taken an academic approach to development, which has been an integral part of the organization’s commitment to advancing Web3 performance and security. This is characterized by a commitment to deep research, transparency, and going through a rigorous peer-review process in every design and product released. Dr. Aniket Kate, inventor of KZG Commitments utilized in Ethereum L2 Data Availability solutions, and the Supra team are diligently composing new whitepapers, so there are still many novel solutions in the pipeline soon to be publicized. To learn more about Supra and participate in their gamified learn-to-earn program, visit Countdown to Blastoff. Lastly, sign up for the whitelist for an opportunity to be notified in advance of any possible future token offerings and for more alpha. Contact Eli [email protected]

HCMC, Vietnam, August 28th, 2023, Chainwire Staynex has officially announced its collaboration with the highly-acclaimed Miss Grand International in Vietnam. Spanning across major cities, this event promises to be an exhilarating fusion of culture, beauty, and hospitality. "Established based on the goal of 'elevating the travel-resort experience', Staynex hopes that collaborating with a global ambassador will quickly spread the unique and different experiences brought by the platform to customers worldwide." says Tim Duong, COO at Staynex. Highlights of the Partnership: - Pan-Country Presence: The beauty pageant, renowned globally, will be hosted in major cities across Vietnam. Staynex's platform will serve as the hospitality backbone, with its affiliated hotels providing premium accommodations for pageants and organizers. - Global Representation: The event boasts of participation from many countries, celebrating the diverse tapestry of beauty and culture from every corner of the globe. - Innovative Engagement: Upping the ante in audience engagement, each contestant will be provided with a unique referral code. Their followers can utilize these codes to register for a Staynex subscription. This not only offers the followers a 12-month subscription at the price of 10 months ($10 a year or $1 a month), but they also get 2 additional months absolutely free. - Empowering Votes: Staynex is weaving its user acquisition drive seamlessly into the pageant process. Every successful referral and subscription through the contestant's code will be counted as one vote. This adds a fresh dynamic to the traditional voting mechanism, allowing fans to directly influence the competition's outcome while benefiting from Staynex's offerings. "We are excited to provide a platform where fans can actively participate in the success of their favorite contestants. This initiative is not just about crowning a winner, but also about expanding the Staynex community in a meaningful and engaging manner," adds Tim Duong, COO at Staynex. With beauty, talent, and hospitality coming together under one banner, the Miss Grand International in Vietnam promises to be a truly grand spectacle. Staynex's partnership further cements its commitment to promoting exceptional experiences and forging community ties on a global scale. --- About Staynex™ Staynex™, operating as part of the Labs Group Ecosystem, is a global vacation club platform aiming to reshape the travel and hospitality industry. It utilizes advanced technologies like artificial intelligence and Web3 to improve individual travel experiences and streamline corporate travel bookings. Staynex™ is committed to continuous service enhancement and global expansion, fostering a vision of making travel more accessible, efficient, and enjoyable for everyone. --- About Miss Grand International Miss Grand International (MGI) Pageant is a world-class center of creativity and entertainment, raising the level of the world’s beauty pageant industry, creating Soft Power to be the leader in the international beauty pageant arena, and expanding branding to all over the world. Miss Grand International (MGI) is regarded as an international beauty pageant with an increasing number of followers and popularity on social media and the fastest growing beauty pageant. Miss Grand International (MGI) has now become the world’s leading international beauty pageant and one of the 5 Gland Slam Beauty Pageants along with Miss Universe, Miss World, Miss International and Miss Supranational. For Partnerships & Investing: [email protected] Contact CEO of Staynex™Bernard [email protected]