Aragon(ANT)

Do Kwon, co-founder of Terraform Labs, has reportedly been arrested in Montenegro. Kwon has been on Interpol and South Korean authorities’ radar for his alleged involvement in the collapse of the Terra ecosystem. The Minister of the Interior of Montenegro, Filip Adzic, announced in a post that an individual suspected of being Do Kwon had been arrested in the Podgorica region on March 23. Following the announcement, local media outlet Vijesti confirmed that the Twitter account that posted the news belonged to the minister of interior of Montenegro. The person arrested was a South Korean national. Adzic tweeted: Montenegrin police have detained a person suspected of being one of the most wanted fugitives, South Korean citizen Do Kwon, co-founder and CEO of Singapore-based Terraform Labs. Kwon was reportedly detained at the Podgorica airport with falsified documents. The International Criminal Police Organisation (Interpol) and South Korean authorities were on the hunt for Kwon for his alleged role in the collapse of the $40 billion Terra Luna (LUNC) and Terra USD (USDT) ecosystem in May 2022. Kwon became an internationally wanted man when Interpol issued a red notice on him in September. Interpol’s red notice came only weeks after a court in South Korea issued an arrest warrant for the founder, alleging that he violated the Capital Markets Act. Montenegro is geographically south of Serbia and shares a border with the Balkan nation. In December, it was reported that Kwon was hiding in Serbia. Serbia and South Korea do not share an extradition treaty. At the time, prosecutors indicated that Kwon fled to Dubai as a stopover after he exited Singapore. 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.

Bitcoin’s impulsive rally seems to have temporarily halted, and the price will likely enter a correction phase before the next leg up. Overall, Bitcoin is facing significant resistance at the $30K level, which hasn’t been tested yet. Technical Analysis By Shayan The Daily Chart After forming a pullback to the 61.8% level of the Fibonacci […]

Other charges of “wash trading” and “bounty program” have also been brought against the TRON Foundation and its founder by the SEC. TRX Is Unregistered Securities: SEC The U.S. Securities and Exchange Commission (SEC) has recently filed charges of securities law violation against TRON Foundation founder Justin Sun. The lawsuit has also named his other companies - BitTorrent and Rainberry Inc., along with Tron foundation for allegedly conducting the unregistered sale of what the SEC calls “crypto assets securities.” Although none of the court rulings have declared any cryptocurrency to be a security, the SEC has been determined to prove that it is so. The fact that Sun and his companies offered and sold the Tronix (TRX) and BitTorrent (BTT) tokens to the public has rubbed the SEC the wrong way, as it claims that these tokens should have been first registered as securities. Charged With Wash Trading The SEC has also alleged instances of extensive wash trading in these cases, where Sun and his companies tried to “fraudulently manipulate” the secondary market for TRX. This means that the defendants were simultaneously buying and selling the same crypto asset to dupe customers into believing that the platform experiences high volumes of trading activity. According to the regulatory body, employees at TRON Foundation conducted over 600,000 wash trades of TRX between the two accounts controlled by Sun himself. During this period, $4-6 million worth of TRX was washed daily under the direction of the CEO himself. SEC Alleges “Bounty Program” To top it all off, the SEC also charged eight celebrities for promoting the TRX and BTT tokens through an illegal “bounty program.” This means they were incentivized with TRX and BTT distributions to promote the tokens on social media, recruit others to the token’s Telegram and Discord channels, and create BitTorrent accounts. According to the SEC, these paid promotions did not disclose to the public the full nature of the incentivization received by the celebrities, and neither did they disclose the risks associated with such investments. The eight celebrities named in the charges are Lindsay Lohan, Jake Paul, DeAndre Cortez Way (aka Soulja Boy), Austin Mahone, Michele Mason (Kendra Lust), Miles Parks McCollum (Lil Yachty), Shaffer Smith (Ne-Yo), and Aliaune Thiam (Akon). SEC Chair Claims Misconduct SEC Chair Gary Gensler addressed the matter in his latest statement, “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.” 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 has come a long way, that is for sure. Ever since the first cryptocurrency launched and the first pizza bought with Bitcoin, the technology that empowers the crypto field has evolved in a way and with a surprising speed. These days, there are almost 25,000 cryptocurrencies in existence, and the number keeps growing. Plenty of crypto projects are launched daily, and most aim to solve various issues in the industry during the past years. Among all the new platforms launched every day in the crypto space, decentralized autonomous organizations seem to be making quite a buzz lately. Thus, what is a decentralized autonomous organization, how does it work, and why has this concept become so popular? What Is a Decentralized Autonomous Organization? Also called DAO, a decentralized autonomous organization is an entity with no central leadership. The members of a DAO usually have the same goal, and they all contribute to the decision-making process. Usually, decentralized autonomous organizations work based on a set of rules enforced on a blockchain. The first DAO was launched in 2016 when a group of developers came up with the idea of an entity that has and promotes one of the most valuable and popular blockchain-related characteristics: decentralization. This feature is what makes the whole DAO concept work the way it does and maintains its relevance in the crypto space. The simple fact that no central authority governs the decentralized autonomous organization encourages members’ participation in the project’s ecosystem. This way, such community-driven organizations can build incentivized communities around their concepts, allowing users to interact with other crypto enthusiasts from all over the world. Furthermore, a DAO constantly works to maintain its transparency. To do that, each vote is made publicly viewable so that every user can research how each vote goes, who votes for what, and which are the most active members. How Does a DAO Work? Usually, decentralized autonomous organizations rely on smart contracts that can streamline the whole decision-making process while also maintaining transparency. Those able to vote share the voting power according to the number of tokens they hold. For instance, while a user who holds 50 tokens will have a certain amount of power, one who holds thousands of that specific token will most certainly have a much bigger voting power for every vote occurring in the DAO’s ecosystem. And there is one simple reason for that: users who have invested significant amounts in a particular DAO will be encouraged to act in a way that will benefit the whole community, while those who hold fewer tokens will be incentivized to buy more to have more power in the ecosystem. And if there is a possibility that the users with higher power act badly and affect the community, they will put their investments at risk. Pros and Cons of DAOs Undoubtedly, DAOs have become popular for a reason: they are concepts that can benefit crypto users and the whole cryptocurrency industry. And one of the most essential and useful benefits of DAOs is the fact that such community-driven cryptocurrencies maintain a remarkable level of decentralization. The Pros of a DAO In the ecosystem of a decentralized autonomous organization, there is no leader, and no single user or entity controls everything. Instead, the power is distributed across the entire network, thus assuring that the project is achieving one of the 3 most popular crypto features: decentralization. When integrated with Web3, the DAO concept can do wonders. When every crypto project aims to revolutionize a specific topic, a decentralized autonomous organization focusing on Web3 will increase the level of decentralization in such spaces and will build new perspectives for Web3 users. A good example is MetFi, a DAO developed on Binance Smart Chain that aims to be the world’s first Metaverse and Web3 incubator, significantly investing in the next wave of Metaverse and Web3 unicorns. Launched in May 2022, MetFi constantly works to introduce increasingly more projects to its community and global network of advisors while also giving individuals the opportunity of experiencing the benefits of the Metaverse, Web3, and NFTs. And with decentralization usually comes equality. Each user can contribute to the evolution of a DAO’s ecosystem, no matter their holdings in the community. Any stakeholder can and is encouraged to share their ideas, while everyone will be able to see and vote for them. Furthermore, the fact that a DAO relies on smart contracts results in a high level of neutrality, as no user or entity controls the rules of such an ecosystem. Instead, after being built, the smart contracts are implemented, and there is no need for a third party to control or manage the activity of a decentralized autonomous organization. The Cons of a DAO However, there are some downsides to DAOs, too, and they cannot be forgotten. First, the fact that users have a specific voting power given according to their investment can lead to a concentration of voting power. For instance, assuming that a user holds over 50% of the circulating supply of a DAO and decides to vote in a particular way, their power will be able to cancel the other votes. Another downside of decentralized autonomous organizations does come as a result of one advantage of such projects. The fact that such community-driven cryptocurrencies get a good level of decentralization through the fact that every user has voting power affects the overall quality of transactions. When each transaction has to pass a voting process, the transaction time can be considerably higher. Final Thoughts Crypto is gaining remarkable popularity, which is not surprising, considering the innovations this field brings and the tremendous number of users open to learning more about the cryptocurrency industry. DAOs, or decentralized autonomous organizations, are community-driven cryptocurrencies not controlled by any central authority. Instead, all users have voting power according to their token holdings and can actively contribute to the decision-making process. DAOs aim and manage to maintain high levels of decentralization, equality, and neutrality, advantages that will incentivize increasingly more users to join such ecosystems. On the other hand, decentralized autonomous organizations have some downsides. For instance, the fact that every change in the ecosystem implies a vote in which all the users should participate can affect the transaction time. Moreover, sharing the power according to the tokens held can lead to a concentration of power and affect the community long-term. 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.

London, UK, 23rd March, 2023, ChainwireMizar, a platform with more than 10,000 users that aims to bring advanced and automated trading to the blockchain, is proud to announce the launch of its native token, MZR, on Camelot DEX, a fully decentralized exchange (DEX) built on Arbitrum.The emergence of Arbitrum and the launch of the $ARB token, along with its recent airdrop, have caused a buzz in the ecosystem, leading to a surge in popularity for DEXs like GMX. The Mizar team anticipates substantial growth in decentralized trading on Arbitrum over the next few years and is dedicated to being one of the first to provide automated trading tools for current and future Abitrum traders.The scalability of Arbitrum, along with its faster transaction processing and lower fees, make it a top technology choice for users engaged in active trading and portfolio management. Mizar believes that these features make Arbitrum a perfect product for traders who prioritize efficiency, self-custody, and asset decentralization in their trading activities. As a result, the DeFi trading experience has been significantly enhanced, opening doors for on-chain automated and advanced trading.Francesco Ciuci, CEO of Mizar, is thrilled to share his excitement about the next steps for Mizar. HeCiuci said, "Our goal is to transform the way individuals participate in DeFi trading. Despite the successful development of sophisticated DEXs like GMX, there still remains a considerable amount of manual effort involved for DeFi traders. Given that most trades in traditional and centralized finance are conducted using advanced artificial intelligence and automation, we must progress and introduce similar tools to DeFi."Referring to the recent launch of the MZR token on Camelot DEX, Ciuci added “For us, launching on Camelot DEX represents progress towards the Arbitrum ecosystem. It will grant us access to a native Arbitrum community that will aid us in developing suitable tools for their needs.”Camelot DEX is a recent Arbitrum native project that is completely decentralized and driven by its community. Mizar is enthusiastic about Camelot DEX due to its innovative strategy for providing liquidity, which distinguishes Camelot DEX from other decentralized exchanges. Its community-driven approach makes it simple for anyone to provide liquidity and earn rewards, resulting in a significant advantage for new and established projects.The launch of MZR on Camelot DEX, on Arbitrum, marks a significant milestone for Mizar, and the team is excited about the opportunities this presents for them. They are committed to pushing the boundaries of what is possible in the world of decentralized finance and are looking forward to what the future brings.About MizarWith over 10,000 active users and millions of volumes traded daily, Mizar is the go-to choice for those who demand the best when trading crypto. Say goodbye to FOMO and missed opportunities, and embrace hands-free trading on your favorite CEX and DEX with advanced bots and smart tools. Share your bots with others on the to-be-largest social trading platform in the crypto world and earn a passive income. And thanks to the MZR token, you can get access to all these features without paying any subscription fee.ContactMizar [email protected]

The former blockchain executive is wanted by Interpol for his role in the $40 billion collapse of the Terra Luna ecosystem during May 2022.

The crypto trading platform has successfully raised $250 million in funding at a total valuation of $3.5 billion. SPAC Cancelled; Funding Commenced The company had previously called off its plans to go public in 2022. At that time, its company valuation stood at a whopping $10.4 billion. The latest round of fundraising revealed that the valuation had dropped significantly to rest at $3.5 billion. eToro first announced its plans to go public back in March 2021. Back then, its valuation was calculated to be around $10.4 billion. However, in January 2022, the valuation got cut down by 15% to $8.8 billion. By the time July 2022 rolled out, the company had decided to terminate the SPAC deal due to the regulatory changes, resulting in further dropping of the company’s valuation. eToro’s AIA eToro has raised $250 million in an Advanced Investment Agreement (AIA), which is not your typical equity round. In an AIA, the investors pay discounted rates in advance to have shares allocated later. In this instance, the companies that have invested include ION Group, Social Leverage, SoftBank, and Spark Capital. These companies invested in the AIA back in 2021 as a backup in case the proposed SPAC did not pan out. The agreement between eToro and the investors was that if the SPAC transaction did not go through in two years and the company had not raised any additional capital, the AIA investment would be converted. Since then, the company terminated its SPAC agreement in July 2022. Even though there were reports of a private funding round for between $800 million and $1 billion, the company denied such claims. Therefore as per the agreement, the AIA investment has been converted. The State Of eToro The company has had a very uneven growth in revenue over the last three years, despite announcing its metaverse ambitions in 2022. It even had to delist certain crypto from its platform over regulatory issues in 2021. However, the management is still projecting a very positive view of its situation. Recently, eToro CFO Meron Shani released a statement in which he wrote, “At eToro, we need no reminder that markets are cyclical. The diversified nature of our multi-asset product offering ensured that commissions from equities and commodities partially offset the decrease in commissions from cryptoassets in 2022. It’s also worth noting that we were not impacted by the liquidity concerns which plagued many in the crypto industry.” 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.

With banks on the edge of meltdown and Bitcoin about to embark on its bull market, has Gensler been told to bring Coinbase down, and with it a large proportion of retail investors who are buying crypto? A broken system The banking system is broken, and perhaps it has got to the point of no return, even given the massive sums of currency that central banks have used to try and prop the system up. With the Federal Reserve saying that it will make all depositors whole in the U.S. should any more banks go down, the fractures have been papered over for now. The public is now aware What is obvious to the U.S. government though is that the public has been shocked at the weakness of the banking system, and has been made painfully aware of the apparent ease with which large banks can fall in only a matter of days. It must also be aware that crypto has lost its largest 3 fiat on/off ramps in the form of Silvergate Bank, Silicon Valley Bank, and Signature Bank, in just a few days, yet the crypto bull market appears to be starting regardless. As banks fail, interest in crypto grows For government and central banks the situation has become untenable. It knows that despite all efforts to keep banks afloat, more could potentially fail over the coming months as the Federal Reserve continues to keep interest rates high. Institutions have been kept away from investing in Bitcoin in the main, given the extremely tight regulatory environment, but the general public is definitely still interested in crypto, and should crypto assets keep rising, the interest might become a flood. Damping down ardour for crypto Therefore, throwing a huge cloud of negativity and uncertainty over Coinbase could bring about a cooling of the public’s crypto investing ardour. The serving of a Wells Notice on Coinbase by the Securities and Exchange Commission (SEC) is the first step in a potential enforcement action. It doesn’t always result in an action but just serving it had the effect of toppling the Coinbase share price around 17% since yesterday’s close. Coinbase CEO Brian Armstrong said of the notice by the SEC that it was like a game of “pickleball” (the fastest growing new sport in the U.S.) whereby referees were from both football and soccer, and “one of them suddenly decides to change a call they made back in April 2021” (no doubt referring to the SEC’s approval of Coinbase going public). Coinbase published a blog on Wednesday, in which it laid out its complaints against the SEC. In it, Coinbase quoted Federal Bankruptcy Judge Michael Wiles on the ongoing Voyager case. He said: “Regulators themselves cannot seem to agree as to whether cryptocurrencies are commodities that may be subject to regulation by the CFTC, or whether they are securities […] subject to securities laws, or neither, or even on what criteria should be applied in making the decision. This uncertainty has persisted despite the fact that cryptocurrency exchanges have been around for a number of years.” The stakes are incredibly high Coinbase is potentially a very large pawn in an incredibly important chess game, with the future of finance as the prize. On the one side is the government, petrified over losing full control of ‘money’, along with the legacy banks, terrified of falling into obsolescence. On the other side is a dynamic and innovative industry which is gaining ground despite government and bank control of the mainstream media. Crypto has much to offer the financial system, and the financial system can certainly repurpose itself and gain from what crypto has to offer. Enforcing control has never worked throughout history, and has only ever served to slow the demise of the enforcer. In a changing world where many more countries are scrambling to join the BRICS nations and trade in currencies that are backed by tangible commodities, the U.S. must reinvent itself in order to survive. Crypto could be that path. 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.

Kraken has announced that it will suspend the Automated Clearing House (ACH) deposits and withdrawals as early as 27th March 2023. ACH Deposits And Withdrawals Suspended The cryptocurrency exchange also stated while announcing the news that it was looking for a new banking partner following the collapse of its previous banking partner, Silvergate Bank. The exchange stated in an email, “As of 27th March 2023, Kraken clients will no longer be able to use ACH deposits and withdrawals through Silvergate. We are working to make ACH funding options available through alternative funding providers as soon as possible and will communicate details with clients as soon as we can.” However, the company stressed that the developments would impact no other services. Additionally, Kraken has stated that it plans to resume ACH deposits and withdrawals as soon as it finds alternative partners. What Are Automated Clearing House (ACH) Transfers? Automated Clearing House (ACH) is a dedicated electronic network for financial transactions carried out in the United States. Deposits via ACH are available to users via Plaid, while ACH withdrawals are also available. Additionally, users can also make online banking purchases using the “Buy Crypto Widget” on the Kraken app and website. In its help section, Kraken stated that ACH transfers sent to the exchange using funding options apart from Plaid would be returned to users after five business days. Additionally, the exchange stated that it has little control of this process as it is mainly automated and up to the bank when it returns the funds to your account. Kraken To Continue Banking Foray Despite facing numerous challenges apart from the shuttering of Silvergate Bank, Kraken is set to continue its foray into banking. After paying a fine of $30 million and settling with the Securities and Exchange Commission, stopping its staking operations, the exchange is set to create its own banking institution. Called Kraken Bank, the crypto bank is the first to be awarded a US state banking charter. Additionally, it will be based on the Wyoming SPDI (Special Purpose Depository Institution) Framework. The crypto bank was slated for launch last year before being delayed for several reasons. However, Kraken has since confirmed that it is progressing with the launch. In a recent podcast, Marco Santori, Kraken’s Chief Legal Officer, revealed the details around the launch. Santori also discussed the implications of increased regulatory scrutiny of crypto firms in the United States. 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.

PALO ALTO, California, 23rd March, 2023, ChainwireUpland, the metaverse super app mapped to the real world, is partnering with the EOS Network Foundation, a community-led, not-for-profit organization that coordinates public-goods funding and support to encourage the growth of the EOS Network, to launch Upland’s second hackathon where web2 and web3 developers are invited to bring new games and experiences leveraging Upland assets. As the only metaverse mapped to the real world, developers are able to create experiences that leverage unique characteristics of the Upland ecosystem, which include geo-specific context and assets like FIFA Women’s World Cup Australia and New Zealand 2023™ Legits, to the largest growing web3 community.Web3 gaming coupled with metaverse experiences, will transform the way people play, interact and socialize. This year’s Upland Hackathon is designed to empower developers to create unique, immersive, and community-driven experiences that drive increased engagement in the metaverse. Developers are invited to participate in one of three tracks: 1. Metaverse Innovation Track; 2. FIFA Women World Cup 2023 (FWWC23) Track, and 3. Design Track. with the best ideas earning financial prizes and the chance to enter Upland’s post-hackathon incubator.Upland is one of the most popular and fastest-growing metaverses utilizing blockchain technology. Upland is the Earth’s metaverse, spread across dozens of global cities that have been mapped to the real world and are accessible via the Web, iOS, and Android. “After a successful first round in 2022, we are thrilled to be hosting our 2nd hackathon for web2 and web3 developers alike to leverage our tools to create new experiences in the Upland metaverse,” says Idan Zuckerman, Co-Founder and Co-CEO of Upland. “As part of our mission to build the first Metaverse Super App, the main topics of this hackathon will have developer teams leverage web3 concepts by integrating games and experiences with the Upland platform to drive engagement and adoption in new innovative ways”This year’s Hackathon event will encompass three unique tracks, each contextual to the Upland ecosystem, community and economy. Developers, designers, artists, gamers, and blockchain enthusiasts will be provided with the tools, support, and inspiration to bring their Web3 game ideas to life. Utilizing Upland’s simple Rest APIs, participants will have a chance to put themselves on its virtual map.The Upland 2023 Metaverse Super App Hackathon’s panel will consist of four judges, including representatives from Upland, FIFA, and the EOS Network Foundation. Each project submission will be rated for the quality of each pitch and its prototype, its use of Upland’s 3rd-party development tools, its team’s composition and diversity, business feasibility, and fulfillment of the Hackathon’s mission statement. "We are very excited about this opportunity to meet and collaborate with some of the brightest metaverse developers today," said Yves La Rose, Founder and CEO of the EOS Network Foundation. "EOS has made GameFi a cornerstone of its ecosystem development, and Upland is one of its biggest success stories so far. Upland chose to build on EOS because it's one of the most robust and scalable networks of all, with an extremely diverse and talented pool of developers. Now we'll get the chance to see what those developers can do, and we're extremely enthusiastic about helping them bring their ideas to life."The FIFA Women’s World Cup Track builds on Upland’s status as FIFA’s official metaverse partner and provides a unique opportunity for developers to build games and experiences that utilize Upland’s third-party SDK alongside FIFA NFTs in Upland. Developers are tasked with creating unique games or gamified experiences leveraging FIFA Legits and Upland assets, with the winning project set to be showcased in the FIFA World Cup Village in Upland.In the competitive Design Track, Upland is inviting creators to design a 3D asset that will serve as the trophy for the World of Football eSports tournament. In World of Football players compete in live football matches taking place in the Upland metaverse.Finally, the Innovation Track invites developers to submit community-focused Web3 games or experiences that bring people together to play, socialize and share value. This is a flexible track where developers can leverage Upland’s developer tools, to create almost any kind of game or experience they believe has the potential to become an Upland metaverse hit.Participants of the FIFA Women’s World Cup and Innovation Tracks will compete for Grand Prizes worth $10,000, with $5,000 going to the runners-up of each track. Meanwhile, the winner of the Design Track will be awarded 2 million Upland UPX tokens. Both the Grand Prize and Runner-up Prize winners will also be invited to join Upland’s post-hackathon incubator.The Hackathon will begin with a kick-off party with OnePiece Labs followed by its official launch at GDC on March 22. Teams have until May 12 to register for the Hackathon, with May 26 being the deadline for submissions. Finalist selection will occur on May 28, with the final presentation and awards show taking place during Upland’s annual Genesis Week Conference at the Sahara Casino and Resort in Las Vegas on June 9.About UplandUpland is an open web3 platform for the metaverse mapped to the real world. The company’s mission is to build one of the leading and most dynamic maker-communities through a strong entrepreneur economy that allows players, creators, developers, and brands to manufacture goods and experiences, monetize assets, and provide utility and fun to other players. Headquartered in Silicon Valley with hubs in Las Vegas, Ukraine, and Brazil, Upland was named among Fast Company’s “Next Big Things in Tech” in 2021 and one of “22 San Francisco Startups To Watch in 2022” by Built In SF. Upland is committed to becoming carbon negative and is a proud partner of Carbonfuture. For more information about our sustainability commitment visit https://www.upland.me/sustainability. Upland is available on iOS, Android and the Web, and can be played from anywhere in the world.About EOS Network FoundationThe EOS Network Foundation (ENF) is a not-for-profit organization that coordinates financial and non-financial support to encourage the growth and development of the EOS Network. EOS is the native token of the EOS Network, which launched in 2018. The EOS Network provides a world-class, robust, smart contract functionality that enables developers to build the best-in-class decentralized applications (dApps) easily, facilitating the open web of the future and, in so doing, powering the Web3 economy. The ENF is the hub of the EOS Network, uniquely suited for NFT, GameFi, DeFi, and enterprise applications. The organization is committed to unlocking the full potential of the EOS blockchain to drive innovation, create new possibilities, and empower individuals and communities.About EOSThe EOS Network is a 3rd generation blockchain platform powered by the EOS VM, a low-latency, highly performant, and extensible WebAssembly engine. Purpose-built for enabling optimal Web3 user and developer experiences, EOS is a go-to Layer-1 network for developers looking to build blockchain-based games (GameFi), deploy decentralized applications (dApps), and create digital assets such as NFTs. EOS benefits from a multi-chain collaboration of blockchains built upon the Antelope framework using Antelope Inter-Blockchain Communication (IBC). EOS drives public goods funding for free and open source tools and infrastructure through the EOS Network Foundation (ENF).ContactLindsay Anne [email protected]

Nigeria is among the top ten countries regarding visitors to MetaMask's website over the last month.

The putative presidential candidate’s plan to ban a CBDC at state-level is unworkable constitutionally. But it’s still worrying for the future of money in the U.S., says JP Schnapper-Casteras.

Outspoken bitcoin permabull Max Keiser has reiterated his exuberant $220,000 bitcoin price target.

Recent bank failures had market participants questioning if the U.S. central bank would follow through with its previous intention to further tighten monetary policy.

XRP, Ripple XRPLedger’s native token, saw a substantial overnight run attempting to hit its bullish target of $0.50 but ultimately fell short, reaching a high of $0.49. XRP broke away from the general crypto market, recording massive gains and reaching its highest levels since November 2022. XRP, the native token of cross-border payment settlement firm Ripple’s XRPLedger, witnessed an incredible surge on Tuesday, breaking into a solo rally which yielded overnight gains of over 20%. XRP Rides the Wave of Fed Hikes and Banking Failures In response to the voluntary liquidation of Silvergate Bank and Silicon Valley Bank’s (SVB) collapse, crypto investors have become bullish on Bitcoin and altcoins. As one of the most prominent altcoins by market cap, XRP’s price surged on the back of the recent U.S. banking crisis and the anticipation of an interest rate hike by the U.S. Federal Reserve. The Fed’s consequent decision to inject liquidity into the economy and protect banks from collapse has been the catalyst to drive investors toward decentralization and cryptocurrencies. XRP is currently trading at $0.44, representing gains of over 20% in the past 24 hours and 16% on the weekly chart. Bullish Sentiment Surrounding SEC Case XRP has also responded to recent developments in its case involving the United States Securities and Exchange Commission (SEC). Analysts claim that investors have become more confident in the case’s outcome after a Letter Notice of Supplemental Authority was filed by the defendants in the case. Attorney James Filian revealed in a tweet on March 20 that the defendants in the case sought to support their fair notice defense by referencing a separate legal case where Judge Michael Wiles of the U.S. Bankruptcy Court for the Southern District of New York rejected the SEC’s argument, ruling that it was too vague. The SEC objected to Binance.US’s bid to acquire Voyager Digital’s assets which included an asset known as VGX. The agency claimed that Voyager was an unregistered securities exchange and VGX has “aspects of a security”, to which it gave no further explanation. Judge Wiles stated in his ruling: I reject the contention that the Court, and the Debtors, somehow were supposed to figure out for themselves just what ‘aspects’ of the VGX token might be considered to be aspects of a ‘security,’ or just what particular activities of Binance.US allegedly could raise registration issues, and then somehow to offer evidence and legal argument on those points. Ripple has continually asserted that the lack of clear guidance from the SEC regarding securities laws for digital assets has caused great confusion and uncertainty in the market and made it increasingly difficult for participants to understand how to comply with regulations. A lot hinges on the outcome of the lawsuit, which is expected to have a far-reaching impact on the entire crypto asset industry, which has been stuck in confusion amid the lack of regulatory clarity. Ripple CEO Brad Garlinghouse has also managed to settle investor’s concerns after it was revealed that Ripple Labs had “some exposure” to SVB. Garlinghouse assured investors that the company “remains in a strong financial position despite its exposure to the failed bank.” Obviously a lot is still unknown about what happens with SVB, and as is the case with many others, we hope to have more details soon – but rest assured, Ripple remains in a strong financial position. — Brad Garlinghouse (@bgarlinghouse) March 12, 2023 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.

A member of the state’s House of Representatives has introduced a resolution to support the Bitcoin economy in Texas. House Member Calls For Constitutional Rights For Digital Assets Texas, which is already a pretty crypto-friendly state, will be getting further legislation to preserve its “Bitcoin economy.” A recent resolution is seeking a legislature that will support the crypto industry in the state. This resolution was passed by Cody Harris, who is a member of the Texas House of Representatives, in order to provide support to miners and Bitcoiners operating the Lone Star State. On March 21, Harris filed the House Concurrent Resolution 89, where he rallied other Texas lawmakers to show their support for the state’s already-thriving crypto industry. He demanded that coders or developers who work on the Bitcoin network and miners and Bitcoiners need to be protected further through legislation. Furthermore, he pointed out that digital asset holdings should be included in the state’s constitutional rights concerning “all unreasonable seizures or searches.” This means that Harris wants to protect individuals' personal crypto holdings under the same constitutional law as their other property. Currently, cryptocurrencies are already included under an amendment to the state’s Uniform Commercial Code. Resolution To Inspire More Support The resolution targets mostly the sentiment among the lawmakers instead of the state's laws and regulations. It also referenced the crypto crackdown in China and how it had been one of the driving forces behind Texas’s crypto boom. In the resolution, Harris expressed that Texan lawmakers need to hold an even more supportive perspective towards crypto miners so as not to have a repeat of the China situation. An excerpt from the filed resolution reads, “Individuals who mine Bitcoin in Texas will never be inhibited by any law or resolution that restricts the practice of securing the Bitcoin network for the safety of the virtual currency. All those in the broader community who choose to own Bitcoin as a manner of storing their wealth and transacting peer-to-peer with other law-abiding Texas citizens shall always feel free and safe in their ownership and use of Bitcoin.” As of now, crypto firms like Riot Platforms, Core Scientific, and White Rock Management have set up operations in Texas. Texas Loves Crypto Harris’s appeal is probably in reference to the criticism faced by Texas’s easy-going regulatory framework for cryptocurrency. Basically, certain federal lawmakers believe that the state does not have enough oversight over the high energy consumption due to its rampant crypto mining. Texas Governor Greg Abbott has always been a keen supporter of cryptocurrencies. Under his governance, the Austin City Council even passed resolutions to support the industry in 2022. Soon after, the city of Fort Worth in Texas became the first U.S. to mine Bitcoin, followed by the Texas A&M University offering a course on Bitcoin Protocol. 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 effort by the Texas senator adds to a similar state-level measure proposed earlier this week by Florida Governor Ron DeSantis.

Social media stars wouldn’t be allowed to shill unlicensed crypto under anti-scam plans voted on by the National Assembly’s Economics Committee Wednesday

The unveiling of the new marketplace comes just weeks before Ethereum’s much-anticipated Shanghai hard fork that should spur growth in staking services.

Circle’s chief strategy officer Dante Disparte said at a Paris Blockchain Week panel that while the chain is currently not strong, people are continuing to build and develop.

The crypto-world is abuzz with news of the DigiToads (TOADS) presale with it raising $250k in the early days of its presale. This new digital currency has quickly become a topic of conversation, as experts believe it could be about to steal the show. Rumors abound that TOADS may have the potential to surpass even […]

XRP tokens have jumped 20% in the past 24 hours as Ripple defendants heralded a positive view in its ongoing case with the U.S. Securities and Exchange Commission.

The process is just getting under way and the company, which employs just over 300 staff, said it cannot put an exact number on job losses.

Lawyers in a class action lawsuit alleged in a court filing that Ben Armstrong "began harassing" them after he was named as a defendant.