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Cherry Token(YT)

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8h ago coindesk
Binance's BNB Token Saw Millions in Sell Orders Right Before SEC Lawsuits
In trading, timing is everything and it appears that some traders put in well-timed sell orders for BNB, ahead of the massive SEC crackdown against crypto exchange Binance on June 5.
11h ago cryptodaily
Explore the Enigmatic Galaxy: Embark on an Immersive Journey in the IC1101 Metaverse
IC1101 is committed to providing a more immersive, fun, and autonomous experience than the current metaverse. IC1101, named after its astronomical designation, shines with infinite, mysterious light in the vast universe. As one of the largest known galaxies in the universe, IC1101 represents a huge, mysterious, and spectacular existence. It undoubtedly contains endless wonders and unknowns waiting for human exploration. IC1101 is a mysterious galaxy, a new metaverse project name, and a super immersive multi-dimensional universe platform dedicated to providing a more immersive, fun, and autonomous experience than the current metaverse. Participants will be able to explore the mysterious qualities of IC1101 and discover endless possibilities within it. Current metaverse projects often have limitations in terms of graphics, immersion, and participant decision-making power. IC1101 aims to solve these limitations and take the realism, participation, and activity of the metaverse world to a new level. So, can it stand out in fierce competition and become a dark horse? Let us embark on the journey of IC1101 together, explore this mysterious galaxy, and find the answers. When Adventure Meets Creativity In the world of the metaverse, a fascinating worldview is particularly important: it not only determines the style of the project and the immersion of the players, but also opens up more imagination space for storytelling. As a galaxy full of wonders and fantasies, IC1101 has a unique and captivating worldview, bringing unprecedented experiences to participants. The worldview of IC1101 is based on diversity and freedom. Eight major races converge in this galaxy, each with unique appearances and abilities. From appearance to cultural customs, from ideological concepts to social structures, the differences between races in IC1101 are rich and inclusive. In this galaxy, players will be able to explore the blending and mutual influence of diverse cultures, and feel the interaction and cooperation between different races. IC1101 also provides players with great freedom and creativity. Players can choose their own role identity, create unique appearance and personality traits, and participate in various exciting activities and scenarios, such as driving spaceships to explore unknown planets in the galaxy, discovering hidden cosmic secrets; They can also join teams, collaborate to solve complex puzzles and tasks, and experience the fruits of cooperation and unity. At the same time, players can also trade in the economic market of IC1101, buying and selling various precious resources and items, and developing their own wealth and power. Overall, IC1101 combines elements of science fiction, fantasy, and mystery. Players will find themselves in a colorful and mysterious interstellar world, where every exploration and adventure brings new surprises and challenges. But how will this worldview be realized through technology? Multi-platform support attracts different user groups. Overall, IC1101 is an immersive metaverse platform based on a multi-chain architecture that allows users from different public chains to easily connect. Through the introduction of token economics and NFTs, users can have their own digital assets and ownership, and can engage in social and game cooperation to complete tasks, satisfy their desires, and earn rewards. IC1101's appeal is not just in its technological innovation and diverse universe construction, but more importantly, in its ability to attract different types of user groups. Before introducing specific products and technologies, it is worth considering who will be interested in the metaverse. We can divide IC1101's audience into two categories, heavy gamers and casual gamers. The former includes tech enthusiasts and gamers who have some technical expertise and equipment requirements, are interested in immersive virtual experiences, and pursue the ultimate experience; while the latter are more focused on commercial and social aspects, such as enterprises or projects interested in Web3 business models, and players who want to find more social opportunities and new friends in the virtual world. Based on the needs of different user groups, IC1101 provides two products to meet their expectations: IC1101 World and IC1101 Space. IC1101 World: A more immersive metaverse world. IC1101 World is a more immersive metaverse world. In terms of technology and graphics, it is created using the Unreal Engine 5, with outstanding image quality that forms a strong contrast to most of the current metaverse projects made with the Unity engine, which tend to be low-poly in style. In actual gameplay experience, we can see finely detailed graphics similar to those of AAA games, including finely detailed building details, dynamic blur during movement, and reflection of ripples on the water surface, all of which make players feel fully immersed in a virtual world. In terms of scene design, IC1101 World provides more three-dimensional scenes, including different planets and buildings. Each planet has a unique theme and function, such as planets specifically designed for battles and planets for exhibitions and demonstrations. Different buildings also serve different purposes, such as Sony's music hall, which can be used for music playback and related artist activities. In terms of scene design, IC1101 World offers more three-dimensional scenes, including different planets and buildings. Each planet has a unique theme and function, such as planets specifically designed for battles and planets for exhibitions and demonstrations. Different buildings also have different functions, such as Sony's music hall, which can be used for music playback and artist-related activities. In addition, virtual assets have been mapped more realistically in the IC1101 World, and players can directly view and purchase NFTs in the mall, change outfits, and become a 3D image of the NFT, which also provides possibilities for more collaborative creation. IC1101 Space: Lower Threshold for Participation IC1101 World will bring better graphics and a more immersive world to players, but the cost is higher hardware requirements for accessing devices. A well-configured computer may be needed to smoothly enter the metaverse. However, not everyone is a hardcore gamer or an extreme immersion seeker. For more casual players who want to experience the scenes and interactions of the metaverse, IC1101 provides another option: IC1101 Space. IC1101 Space can be accessed through a simple browser login, presented in the form of a webpage, making it convenient and fast to use. Although the graphics may not be as detailed as the World version, they significantly lower the barrier to entry, making them particularly suitable for commercial and social users. In IC1101 Space, players can take on their own roles and participate in online displays and interactions. Compared to traditional social media platforms, IC1101 Space provides richer ways of interaction. In the same scene, players can communicate and greet others, have deeper interactions with organizations, media, and partners they are interested in, bringing them closer together. Immersion is not the first choice for social demand orientation, as it is more important to allow more people to participate in the activities together. IC1101 has achieved this very well. It is worth mentioning that the user data and scenes of the two versions, IC1101 World and IC1101 Space, are interoperable. This means that users can choose different login methods according to their own needs, but their behavior is visible in both versions, and together they influence the world of IC1101. This versioning method for different user groups can attract more users and provide better experiences for different types of participants. This is relatively rare in current metaverse projects, and many projects may not have considered this layered demand. For hardcore players and explorers who are looking for ultimate graphics and immersion, IC1101 World provides a more immersive metaverse experience. For casual players who want to participate in metaverse social and business activities, IC1101 Space provides a lower threshold for participation. Whether for technology enthusiasts, gamers, business users, or social users, IC1101 can meet their needs and create new digital experiences and lifestyles for them. A sense of participation puts the galaxy within reach. The essence of social interaction is a sense of participation. People are the sum of social relationships, and in many metaverse projects, simple display and gathering are only a one-way and low-interaction social relationships, which cannot give players a strong sense of participation. Over time, players will feel empty and boring, and a rich and fulfilling virtual world seems out of reach. Therefore, the metaverse also needs to be built around a sense of participation, so that users are willing, good at, and immersed in this virtual world, becoming "digital natives" in the metaverse. In addition to excellent graphics and sensitive user segmentation, IC1101 is also working on a sense of participation. Firstly, in terms of social aspects, in IC1101, users can enter with their own NFT digital avatars, and can also use these avatars within IC1101. This way, users can communicate with others in the virtual world through their digital avatars. Through functions such as lobby chat, private chat, friend teaming, community tasks/activities, live streaming, and social media sharing, users can establish emotional connections with others. In addition, users can also enhance friendships by sending friends gifts. These social functions not only allow users to display their digital avatars in IC1101, but also to establish real social relationships with others. Next, let's delve into the gaming aspect. IC1101 is committed to creating interactive gaming spaces. In the world of IC1101, users can indulge in a wide variety of casual games, enticing more Web2 multi-users to migrate to the Web3 world. With diverse gaming experiences, IC1101 offers users more interactive and entertaining choices, allowing them to have a stronger sense of engagement within the game. In addition, IC1101 provides a whole new shopping experience. Users can present and sell 2D NFTs purchased on other platforms in a 3D manner within IC1101. Furthermore, brand collaborations are able to bring users a shopping experience beyond reality. By partnering with brands, IC1101 has created a 3D NFT digital mall, offering users a completely new way of shopping and experiencing. Finally, IC1101 also allows users to participate in scenario decision-making. Users can vote to decide the functions of buildings and scenes implemented in the metaverse world. This way, users can participate in the construction process of the metaverse, express their opinions and ideas, and further enhance their sense of participation in IC1101. Expert Team The project members of IC1101 are a group of creative industry experts with an average of 15 years of experience in their respective fields. The team members are located in North America and Asia, and have worked for globally renowned companies such as Dfinity, UBISOFT, Disney, Unity SF, and Konami. They have had long-standing partnerships with top global companies such as Blizzard, EA, Sony, and Amazon, and have participated in the development of many well-known products such as Hearthstone, World of Warcraft, Diablo, Harry Potter, New World, and The Last of Us. The team members have a great passion for the Metaverse project and a deep understanding of it. They are familiar with the concept and development trends of the Metaverse, and are committed to creating an exciting and meaningful virtual experience for users. The strength and partnerships of the IC1101 team have laid a solid foundation for the success of the project. Their professional knowledge and rich experience will ensure that IC1101 can provide the best technical solutions and continuously drive the development of the Metaverse. The team's goal is to create a realistic and engaging virtual world for users where everyone can experience unlimited possibilities and fun. SPACE X 3.0: Immerse Yourself in the Advanced Metaverse Even before its official launch, IC1101 offers a unique opportunity for an early experience that everyone has been eagerly waiting for. On June 6th, starting at 10:00 AM, IC1101 is hosting a significant event called "SPACE X 3.0" Demo Day, providing a vital chance for those interested in the project. This event will showcase the latest developments of the IC1101 project and allow participants to have a firsthand experience of its remarkable products. "SPACE X 3.0" Demo Day will take place in IC1101 Space. Participants will enter this metaverse in the form of digital avatars and engage in interactions with others. The event will offer a diverse range of experiences, including airdrops of tokens and real-time PvP competitions. From the scenes of the event, it's apparent that the inaugural Demo Day has attracted thousands of visitors and garnered support from 30 VCs and 8 media outlets. This demonstrates the convenience, immersion, and engagement that IC1101 provides to its participants. Beyond the event itself, we are also highly excited about the future of the IC1101 project. Through the showcase at Demo Day, IC1101 will unveil its enormous potential and prospects as a real metaverse to the world, bringing users more innovation and thrilling experiences. 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.
1 day ago cryptodaily
Mark Cuban Slams SEC Crackdown And Lack Of Support For Companies
Outspoken billionaire investor and entrepreneur Mark Cuban has launched a scathing attack on the SEC and its handling of complaints against cryptocurrency exchanges, especially Coinbase. Cuban was highly critical of the lack of support for companies actively looking to comply with securities regulations in the country. Cuban Frustrated With SEC Approach Billionaire Mark Cuban has long advocated for cryptocurrencies and recently expressed his frustration with the United States Securities and Exchange Commission (SEC) and its approach to crypto. Cuban stated that the Securities and Exchange Commission could have adopted a much clearer approach for compliance, and avoided legal disputes altogether. Cuban tweeted, “The SEC could have easily have gone to them and outlined an exact plan to get them to compliance. Then if @coinbase or whoever didn’t comply, they sue over whatever legal disagreements they have. Instead, they do what they told one of my companies to do when we called, read these cases and get a lawyer to figure it out for you.” SEC Only Wants To Litigate Cuban also stated that the SEC is full of lawyers, and all lawyers want to do is litigate. He added that there would be greater compliance if there were more business people within the SEC. “They are full of lawyers. Lawyers want to litigate. If you had business people, more like the SBA, there would be more compliance, fewer lawsuits, and better investor education and protections. But if that happened, 2k SEC lawyers would be out of a job.” The billionaire also suggested that the SEC promotes the cases and wins as metrics instead of keeping track of the number of companies that they help reach compliance. No One Trusts The SEC Cuban further argued that the SEC’s approach was fermenting a climate of fear and mistrust, leading to companies fearing to engage with the regulator because they are afraid of potential legal ramifications. This would make it harder for companies to achieve compliance, going against the SEC’s mandate of protecting investors and maintaining efficient markets. “As it is, no one wants to talk to the SEC because no one trusts them for fear of being in the same situation as Coinbase finds itself. You get what you measure.” Repercussions Of The SEC Crackdown The lawsuit against Coinbase came just after a similar complaint was filed against Binance and its CEO, Changpeng Zhao. The crackdown reflects an increasingly hostile regulatory environment for crypto companies in the United States. It has also led to a number of trading pairs being delisted from Binance.US. The SEC has been going after crypto companies following the collapse of FTX under the pretext of protecting consumers. Coinbase Pushes Back Coinbase has also pushed back against the SEC and has demanded clearer guidance from the chief financial regulator. Brian Armstrong, CEO of Coinbase, stated that the agency needs to clearly define what constitutes a security, leading to greater uncertainty and potentially hindering innovation in the crypto space. The SEC has stated that everything other than Bitcoin is a security. However, Armstrong has contended that the law says differently and that regulators around the globe are taking a different position than that of the SEC. Armstrong stated in an interview that Coinbase also met with the SEC, “We met with the SEC 30 times in the last year. They never gave us a single piece of feedback about what we could be doing better. We just got silence.” The US Court of Appeals for the Third Circuit has ordered the SEC to respond within a week. The SEC had sued Coinbase for allegedly acting as an unregistered broker, as it goes after some of the biggest names in crypto over alleged violations of US securities laws. “Since at least 2019, Coinbase has made billions of dollars unlawfully facilitating the buying and selling of crypto asset securities. Coinbase intertwines the traditional services of an exchange, broker, and clearing agency without having registered any of those functions with the Commission as required by law.” 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.
2 days ago cryptopotato
What is a Meme Coin? The Biggest Meme Coins You Must Know About
What is a meme coin? Over the past few years, meme coins exploded in popularity, so here's everything you need to know about them.
2 days ago cryptodaily
The Only NFT Generator of its kind - ChainGPT’s AI Prototype
Provider of AI infrastructure to the crypto, blockchain, and Web3 industry, ChainGPT has just announced the successful rollout of its NFT Generator prototype to the general public.Try the ChainGPT AI NFT Generator: | Learn more: Connected to the Binance Smart Chain, the ChainGPT generator is an AI-powered visual synthesizer that transforms text prompts into breath-taking images and NFT collections. From unique 1-of-1 memorabilia to an assemblage of 10,000 pieces, users are now just 30 seconds away from deploying their imaginations on-chain. Entrepreneurs of from all walks of life are looking to integrate NFTs into their project supply chains to strengthen the relationships with their communities and expand their product suites. However, creating NFT collections manually has been extremely costly in time, effort, and money. ChainGPT is lowering the barriers to entry by compressing costs by order of magnitude, streamlining the creative process, and packaging everything into a comprehensive user interface, the AI-powered generator is fulfilling the promise of equalizing the playing field and inviting a new caliber of market participants into the world of Web3. Whether a verbal artist, computer engineer, or somebody without any technical background, the ChainGPT AI Generator will deliver the highest quality results. Ilan Rakhmanov, CEO of ChainGPT said: "At ChainGPT, our main focus is to solve real web3 problems by utilizing AI. Making simple tasks like generating NFT collections, affordable, and well... simple.” Creating on-chain NFT collections was never easier. Try it yourself: Leveraging all leading technological breakthroughs in the fields of machine learning, NLP, and transformer architecture in its design, the ChainGPT AI NFT generator has been purpose-built to realize the most abstract ideas and turn arbitrary concepts into tangible, visual, on-chain products. On a mission to get AI technology into the hands of the masses and on-board them into Web3, ChainGPT is changing the game and differentiating its NFT generator from any other by working on architectural solution to move the entire computational process on-chain as well. By bringing the entire creative cycle on-chain, a higher degree of quality assurance can be enabled and counterfeit activity deterred with fully traceable object provenance. About ChainGPT ChainGPT is the provider of AI-powered infrastructure for the crypto, blockchain, and Web3 industry. From automated smart contract generation and auditing, to autonomous community management, advanced Web3 AI chatbot, AI-powered news aggregation, and NFT generation, ChainGPT is the most sophisticated, end-to-end AI solution on the market. —> To learn more about ChainGPT visit the official website 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.
2 days ago cryptodaily
TRON DAO Honors Top HackaTRON Qualifiers for Completing Blockchain Deployment Milestone
Geneva, Switzerland, June 7th, 2023, ChainwireJust over two weeks ago, on May 15, 2023, the TRON DAO team revealed the results of the HackaTRON Season Four competition. A portion of the prize pool, 500,000 USDD was shared among the top projects. The final milestone payment is currently being processed for judge-selected qualifiers, contingent upon the fulfillment of the project team to successfully deploy their dApp on either the TRON blockchain or BitTorrent Chain MainNets by June 1, 2023.There were over 625 participants from 172 projects across six tracks, including DeFi, Web3, NFT, and GameFi, alongside the new Builder and Eco-Friendly tracks. Five from each track were selected by an esteemed panel of judges as the most promising projects, and each was given 30% of their respective prize when results were announced on May 15.Judge-Selected Top FivesFirst place in each of the judge-selected tracks receives 20,000 USDD, with second place receiving 15,000 USDD, third place 10,000 USDD, and fourth and fifth places 8,000 and 6,000 USDD, respectively.The new Builder track recognized teams returning to the hackathon that have made significant updates to their projects. The ones who completed their blockchain deployment milestone were, in order of selection:“Farming-as-a-Service” project by Elk FinanceGalaxy Throne by Galaxy ThroneJustMoney Spot by JustMoneyTronNRG by TronNinjasTronQL by TronQLThe Eco-Friendly track showcased projects working towards sustainability and environmental stewardship via the TRON Climate Initiative. The ones who completed their blockchain deployment milestone were, in order of selection:EcoMarket by EcoMarketMusiCoinCity by ElfWebCarboEx by CarboExForGreen by ForGreenBlockForest by BlockForestThe projects from the DeFi track that completed their blockchain deployment milestone were, in order of selection:Ergon by USTXCloak by CloakMyFend by Fend GroupSorrel Banq by Paracosm LabsSwirl Ads by Team SudoThe projects from the NFT track that completed their blockchain deployment milestone were, in order of selection:BobbyBot.Trade by SteamSamhita DAO by HeritageSpeakSealKey by TRONNuggetzThe projects from the GameFi track that completed their blockchain deployment milestone were, in order of selection:Duelers from TRONJoyRevoluTRON by Irruption LabCukies: Rush & Run by Cukies WorldThe projects from the Web3 track that completed their blockchain deployment milestone were, in order of selection:TrustSight by The TRONaclesDaren Market by Daren MarketTronSave by TronSaveProvyLens by LensCraftersYinbox by Jeffrey LewisAs mentioned above, the initial judge-selected qualifiers received 30% of their allocated prize for placing in the top five of their respective track on May 15, 2023. They were given until June 1, 2023, to deliver a functional, decentralized application on either the TRON or BitTorrent Chain MainNets in order to receive the remainder of their prize. The projects mentioned above successfully completed this requirement.Community Forum Top FivesThe TRON DAO Forum community voted to select “community” winners, as well. Read about who the community forum selected as the top five projects from each track on the TRON DAO blog.This season, there were also three bonus prizes for the best performances in project engagement, determination, and community contribution. The ten recipients of the community contribution prize were announced on May 15, 2023. The winners of the project engagement prizes and determination prizes were finalized on June 1, 2023, and they are:Season 4 PROJECT ENGAGEMENT Prize Recipients (3,000 USDD per prize):Zombieland by Team ZombieOnChain Vision by OnChainDevSeason 4 DETERMINATION Prize Recipients (5,000 USDD per prize):Bird Catcher Game by Team HunterUjjo Wallet by Why Not?Classic Chords by ChordiansThe TRON DAO team is thrilled with the quality of projects from Season 4 of the HackaTRON. Hackathons are just one of the ways developers are welcomed to #BUIDLtheFUTURE with TRON. Learn more about all that’s happening across the TRON ecosystem at TRON DAOTRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps.Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of June 2023, it has over 164.8 million total user accounts on the blockchain, more than 5.78 billion total transactions, and over $12.3 billion in total value locked (TVL), as reported on TRONSCAN.In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, which marks the first time a major public blockchain partnered with a sovereign nation to develop its national blockchain infrastructure. On top of the government’s endorsement to issue Dominica Coin (“DMC”), a blockchain-based fan token to help promote Dominica’s global fanfare, seven existing TRON-based tokens - TRX, BTT, NFT, JST, USDD, USDT, TUSD, have been granted statutory status as authorized digital currency and medium of exchange in the country.TRONNetwork | TRONDAO | Twitter | YouTube | Telegram | Discord | Reddit | GitHub | Medium | ForumContactHayward [email protected]
3 days ago coindesk
One-Two Punch Finally Registers SEC View on Binance, Coinbase, Rest of Crypto
The U.S. Securities and Exchange Commission (SEC) tore off crypto’s bandage this week, with its back-to-back enforcement actions against two of the most prominent digital assets platforms, Binance and Coinbase (COIN), finally establishing its legal argument against the industry and setting up the future court fights that could decide everything.
3 days ago coindesk
Lightning Data Analytics Firm Amboss Launches New ‘Liner’ Index for Bitcoin Yield
The company says the new index dubbed Lightning Network Rate (Liner) could be like Bitcoin’s version of the London Interbank Offered Rate (Libor), a global reference rate for loans. Liner complements Magma, the Lightning liquidity marketplace launched by Amboss last year.
3 days ago cryptodaily
Atomic Hack Funds Sent to Crypto Mixer Used by Lazarus Group
According to reports from Elliptic, funds drained from the Atomic Wallet hack have been sent to Sinbad, a crypto mixer used by the Lazarus Group. According to reports by crypto tracing firm Elliptic Enterprises, the funds drained from the hack on the Atomic Wallet on June 3 have been sent to a crypto mixer used by the Lazarus Group, a notorious North Korean hacking operation. The $35 million stolen from @AtomicWallet users is being laundered through Sinbad - the mixer fka(?) Blender and used heavily by NK's Lazarus Group — Elliptic Investigations (@Elliptic_Inv) June 5, 2023 Elliptic reported that its Investigation Team traced funds from the $35 million hack to, a cryptocurrency mixer used by the hacking group. Elliptic’s Investigations Team is also following the transaction trail, and has determined that the stolen funds are being swapped for bitcoin, before being laundered through - a mixer. Previous Ellipticresearchrevealed that Sinbad has been used intensively to launder over $100 million in proceeds of hacks perpetrated by North Korea’s Lazarus Group. This includes assets from the $540 million Axie Infinity hack and $100 million Horizon Bridge attack. Atomic Wallet Users Drained of Over $35 Million On June 3, the self-custodial, decentralised Atomic Wallet received reports that several wallets had been drained of their funds. The project confirmed the compromise on June 4 and said it would investigate the matter. We have received reports of wallets being compromised. We are doing all we can to investigate and analyse the situation. As we have more information, we will share it accordingly.For any questions and concerns, contact [email protected] — Atomic - Crypto Wallet (@AtomicWallet) June 3, 2023 Atomic said on June 5 that less than 1% of its monthly active users were compromised in the attack, adding that it continues to investigate. At the moment less than 1% of our monthly active users have been affected/reported. Last drained transaction was confirmed over 40h ago.Security investigation is ongoing. We report victim addresses to major exchanges & blockchain analytics to trace and block the stolen funds. — Atomic - Crypto Wallet (@AtomicWallet) June 5, 2023 Relaunches As Earlier reports indicated North Korean hackers had been using a new mixing service to launder stolen cryptocurrencies. Elliptic found that the crypto mixing service used by the Lazarus Group, Blender, is likely to have been re-launched as Sinbad. Following a series of high-profile hacks, the United States Treasury’s Office of Foreign Asset Control (OFAC) imposed sanctions against Blender and Tornado Cash for helping Lazarus launder close to $500 million in illicitly obtained cryptocurrencies. After the US imposed sanctions against the mixing services, Tornado Cash continued to operate while Blender ceased its operations and disappeared after reportedly taking $22 million in Bitcoin from the mixer. According to Elliptic, Blender likely started operating the new service called Sinbad, which Lazarus used to launder illicit funds in October 2022. 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.
3 days ago cointelegraph
The Ethereum Shanghai upgrade: Everything you need to know
The Shanghai upgrade allows validators to withdraw the staked ether (ETH) that has been locked in the network.
3 days ago cryptodaily
Unigrid Secures $25M Investment Commitment from GEM Digital, Partners WeSendit, Targets Cloud Giants
Unigrid, a pioneering force in the development of a decentralized and anonymous Internet, is excited to announce a significant milestone, a new strategic partnership, and an ambitious market positioning. Unigrid has recently secured a $25 million investment commitment from GEM Digital Limited. Additionally, Unigrid has partnered with WeSendit, the world's first file transfer service specializing in anonymous data transfer and decentralized storage solutions. Unigrid is poised to become a formidable European alternative to dominant providers such as Amazon AWS and Google Cloud. Unigrid's CTO, Adam Waldenberg, emphasizes the transformative power of blockchain technology in guaranteeing the permanence of information, thereby fundamentally reshaping the cloud industry. Businesses will be able to leverage Unigrid to deliver and store data at significantly lower costs compared to traditional cloud providers like Amazon AWS, resulting in substantial savings. Unigrid's innovation stems from the underutilized storage capacities found in numerous European data centers. By harnessing their blockchain node technology, Unigrid taps into this vast reservoir, which was previously seen as almost inexhaustible. Their intelligent blockchain application ensures secure data encryption and organization. Unigrid's groundbreaking "plug-and-switch" approach allows businesses to effortlessly monetize their available storage capacity, particularly during non-peak hours. This approach not only optimizes the use of idle server capacity but also provides an additional revenue stream for businesses. Customers benefit from cost-effective cloud services, and Unigrid envisions significant growth opportunities ahead. Even with a modest 0.1% market share in the global cloud business, CEO Evan Green envisions a turnover potential in the hundreds of millions. The substantial commitment from GEM Digital Limited is a testament to Unigrid's potential and the unwavering dedication of its team. It also signifies a strong vote of confidence from a group with a profound understanding of the digital asset space and a global reach. Unigrid's partnership with WeSendit marks a significant stride in its mission to revolutionize the Internet. WeSendit has been offering its file transfer service since 2014 and has since convinced more than 3 million customers, including global brands such as Nike, Facebook, Dreamworks, and Red Bull. The new platform WeSendit 3.0 and its central component, the $WSI token, mark the company’s transition from Web2 to Web3. WeSendit’s interdisciplinary team is developing a new generation of decentralized data processing tools that will encourage users to explore the benefits of the decentralized Internet. WeSendit's decision to leverage Unigrid's decentralized storage offering for its Web3 storage solution underscores the transformative power of Unigrid's technology. This commitment ensures a broad market launch for Unigrid this year, propelling its growth and market development. Unigrid remains open to additional seed commitments and private sales, with strategic guidance and expertise provided by Valuex AG, renowned specialists in strategy and blockchain technology. Unigrid is at the forefront of the next Internet revolution, providing a truly decentralized global network that is free from geographical limitations and centralized control. Unigrid's innovative solution is a game-changer in the cloud infrastructure landscape, offering a network that is completely anonymous and resistant to attacks. For more information about Unigrid, please visit For more information about GEM Digital Limited, please visit For more information about WeSendit, please visit About Unigrid Unigrid is creating a decentralized and anonymous cloud service, free from centralized control and resistant to attacks. Unigrid is committed to delivering a network that changes everything, forever. For more information, visit About GEM Digital Limited GEM Digital Limited is a digital asset investment firm. Based in The Bahamas, the firm actively sources, structures, and invests in utility tokens listed on over 30 CEXs and DEXs globally. Global Emerging Markets (“GEM”) is a $3.4 billion alternative investment group with offices in Paris, New York, and the Bahamas. GEM manages a diverse set of investment vehicles focused on emerging markets and has completed over 530 transactions in seventy-two countries. About WeSendit WeSendit is a Swiss file transfer service specializing in anonymous data transfer and decentralized storage solutions. The company has been a successful Web2 file transfer provider for almost 10 years and has now entered the Web3 era. Powered by the $WSI token, the new platform WeSendit 3.0 will help the world transition to the decentralized Internet of the future. For more information, visit Press Contact [email protected] Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
3 days ago cryptodaily
SEC Gensler is dedicated to bringing crypto down
With no thought for the industry or for retail investors Gary Gensler has bombed the crypto market with the suing of Binance. Gensler’s plan If there was ever the slightest doubt over SEC Chairman Gensler’s strategy towards the cryptocurrency sector, there can now be none. The SEC, with its main mandate to protect retail investors, has dropped another bomb on crypto and sent the market into a tailspin. Let’s be clear, if Binance has done anything that warrants sanctions and penalties, then there would be a due process for the SEC to make its case. However, it appears that the SEC is tarring the entire crypto industry with the same brush and would bring it to its knees in order to apply the letter of the securities law, or at least the securities law as Gensler sees it. It would appear that Gensler’s ultimate goal is to force all retail investors out of crypto and back to the embrace of the banking system. He would do this by choking off all on/off ramps to the exchanges, and by entangling all the exchanges in costly litigation. The SEC has gone for the jugular by choosing to first attack some of the exchanges working towards full compliance in Coinbase, Kraken, Paxos, and now Binance. Is it the fault of any crypto project that they cannot approach the SEC in order to register, given that even SEC Commissioner Hester Peirce says that this process is almost impossible? Why the SEC is attacking crypto It needs to be absolutely clear that what is happening today with the US government, and its enforcement agencies, is that they are systematically attempting to put the entire crypto industry out of business. Why would this be the case? An industry that is for the people, in that it wants to provide innovation and wealth-making means that will enable everyone to be able to be their own bank and make financial decisions that are outside of the system, is seen as a threat to the system itself. Banks have become monstrous entities that seem to have more power than governments now. They have become obsolete and no longer serve the people. Governments are printing more and more fiat currency which is borne by the people in the form of inflation, and reduced purchasing power. A system such as this can do without a competitor right now. Banks are failing and the Federal Reserve just backs them with currency printed out of thin air. Interest rates are high, unemployment is rising, and prices are going through the roof. Bitcoin and various strands of the cryptocurrency sector are building another system that each individual can be part of. When the monetary system as we know it comes tumbling down, things are going to be bad beyond imagining. However, with Bitcoin and crypto a new and fairer world can exist. An all-important stand It is up to the few to make a stand and resist the likes of Gensler. He talks of everything being a security and has stated that he would like to see a middle man between every crypto project and their customers. He has even resorted to applying enforcement actions against developers of DeFi projects because he can’t get at the project itself. The fight today between the government, the banks, global financial agencies, and the enforcement agencies on the one side, and the crypto industry on the other, will deeply affect the lives of our children tomorrow. Let us hope that the few will prevail for the benefit of the many. 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.
4 days ago coindesk
The Lightning Network Doesn’t Fix Everything Wrong With Bitcoin
And that’s okay.
4 days ago cryptodaily
Dusk Network rebrands to Dusk - Regulated and Decentralized Finance
Rebranding marks the start of a new era with a focus on pilots and onboarding partners. Amsterdam-based fintech Dusk Network rebrands itself as Dusk. The company has matured over the last 5 years, and after focusing on research and development, it is now time to begin disclosing pilots and partnerships, and ramp up business adoption. The old brand was more associated with technological pioneering, while the new visual branding of Dusk has been designed to appeal to the financial industry without reneging the blockchain foundation. After 5 years of research and development, Dusk Network rebrands into ‘Dusk’ Dusk shifts focus to pilots and onboarding partners A more business-oriented approach and international expansion plans for adoption Dusk was created in 2018 with the ambition to use blockchain technology for financial empowerment and economic inclusion. The vision was to create a ‘network’ - hence the name - where institutions would create instruments inexpensively, and users would harvest them directly. Neither vision nor ambition have changed, but it takes a lot of commitment and a mature legislative framework. In the past years, the focus was on research and development; how to provide the technology to realize all this? Groundbreaking research and codes were one of the results, with the launch of a first testnet in 2022. Regulated and Decentralized Finance By dropping ‘Network’ from the name, and adding the tagline ‘Regulated and Decentralized Finance’, the brand represents both its ambition and vision in a clearer way. The transition into a more mature company blends in seamlessly with three key pillars when it comes to realizing their ambitions; bringing real-world assets to people's wallets, compliance, and privacy. These three pillars underscore everything Dusk has been building and is the driving force behind all decisions made. These pillars are key for everyone to have access to real-world financial instruments and to exert complete control over that which they own. Without compliance, mass adoption remains a fantasy. This is why Dusk is such a strong proponent of Regulated Decentralized Finance (RegDeFi). Without compliance with well-made regulations, crypto can never leave the crypto sandbox. “Dusk Network was founded in 2018 and in that time we’ve worked tirelessly to create the technology to unite the worlds of crypto and real-world assets and to bring financial freedom and inclusion to everyone. With the rebranding of Dusk, it feels like we’re entering a new era, moving forward as a scale-up and can finally trial our tech stack with the onboarding of pilots. Besides that, we focus on new partnerships and business development”. - says Emanuele Francioni, founder & CEO at Dusk. Onboarding partnerships and embarking pilots During an exclusive network and relationship dinner, a sneak peek of the new brand was revealed. It was part of an engaging moment of connection with partners, prospects and game-changers in the industry. During the event, Emanuele Francioni, founder and CEO of Dusk elaborated on recent business developments. Dusk made a strategic investment in the London-based startup OutDID, as part of the development of self-sovereign identity and to tie in with its own KYC products, Citadel and Shelter. All these will contribute to smarter use of and access to data, tying back to the three main pillars of Dusk. A partnership with NPEX, the licensed MTF exchange, to participate in the European Union Distributed Ledger Technology Regime (DLTR). Together with a top-tier financial institution, the aim is to make the first MTF for asset tokenization under this exemption. Also new upcoming partnerships with Mavryk (tokenized real estate), Cosimo X (already an investor), and IPwe (intellectual property-backed debt instruments) were mentioned. The new brand identity accelerates the more mature direction of the company, with a cadence of business development announcements coming up in the next months. 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.
5 days ago cryptopotato
Traders are Backing This AI Crypto Coin to Boom After Hitting $2M in Presale
The yPredict presale has raced past the $2 million milestone as buyers rush to invest in the AI-powered trading and analytics platform. YPRED tokens, which power the project through a tiered subscription model, are currently on sale for $0.09 but will still increase in price by a further 33.3% when the project reaches its final […]
5 days ago nulltx
Price analysis for Optimism, Sui and Tradecurve in 2023
Optimism and Sui tokens will be unlocked throughout the week, and this means that the prices will be pressured to go toward a downward trend. But with the volatility behind cryptocurrencies, anything is possible, and these cryptocurrencies have the potential to climb in value as they get into the wallets of more cryptocurrency investors.  Those […]
5 days ago cryptodaily
Crypto Weekly Roundup: Draft Bill Defines SEC-CFTC Roles And More
A recently proposed draft bill could set clearly defined roles for the SEC and the CFTC, giving much-needed clarity to the U.S. crypto industry. Let’s find out more. Bitcoin USDT stablecoin issuer Tether has announced its plans to set up Bitcoin mining operations in Uruguay using renewable energy. DeFi The Uniswap DAO has voted against a proposal to turn on protocol fees for liquidity providers. The poll saw 45% opposed to turning on proposal fees, while support for two fee plans was divided. The Multichain team has been unable to reach the protocol’s CEO and gain the necessary server access for maintenance works. Altcoins Stablecoin Tether has fought through the challenging stablecoin market and propelled its market cap to reach an all-time high of $83.2 billion. Circle has announced that it will be launching the USDC stablecoin natively on Arbitrum on the 8th of June, 2023. In an impressive milestone for the Avalanche (AVAX) ecosystem, the platform has successfully surpassed the coveted one million monthly active users (MAUs) mark. Business Hong Kong-based First Digital Group has announced the introduction of a new stablecoin that will be pegged to the United States Dollar but regulated in Asia. A report by independent journalist Colin Wu claimed that Binance, the world’s largest crypto exchange by trading volume, may have cut its staff by as much as 20%. The world’s leading social trading platform, BingX, announced the launch of a peer-to-peer trading feature that allows users to buy and sell crypto directly with P2P merchants. In a move to streamline operations and reduce expenses, blockchain analytics firm Nansen has announced a significant reduction in its workforce. Gulf Binance, a partnership between crypto exchange Binance and Gulf Energy’s innovation division, Gulf Innova, received approval in Thailand for a digital asset operator license. Balinese authorities said they would crack down on foreign tourists who pay for products and services using cryptocurrencies. Regulation Republican lawmakers Patrick McHenry and Glen Thompson have introduced a draft bill proposing clear roles and delineation of authority between the SEC and CFTC regarding crypto. The Central Bank of UAE has set forth comprehensive guidelines for digital asset KYC, to be implemented next month. Crypto exchange announced it had been granted a Major Payment Institution license for Digital Payment Token services from Singapore’s central banking institution. The European Union (EU) has formally signed new legislation on crypto licensing (MiCA) and money laundering rules into law. An Indonesian rental car owner was arrested by Bali police at his business premises after it was alleged he accepted crypto for payments. ByBit has become the latest cryptocurrency exchange to exit Canada and plans to shutter all services and products offered in the country. Republican congressman Warren Davidson has stated that a tentative deal aimed at stopping the US government from defaulting on its debts potentially scuppers a proposed 30% crypto mining tax. The Bank of Japan has announced the completion of the second stage of its CBDC program and is now moving ahead with its pilot project. NFT Reddit NFTs have seen staggering success since their launch, with the platform registering 10 million NFT holders and hitting $32 million in sales. Web3 Wallet-as-a-service provider Magic has successfully raised $52 million in a strategic funding round led by PayPal Ventures. Germany's Deutsche Telekom has joined Polygon as a validator, signaling its support for the Ethereum layer-2 scaling protocol and expanding its involvement in the blockchain technology space. Security Jimbos Protocol has contacted the Department of Homeland Security in an effort to reclaim the funds that were stolen via a flash loan exploit on the 28th of May. 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.
6 days ago cryptodaily
Tradecurve rival records $150M in withdrawals while TCRV token surges 50%
The native cryptocurrency behind, GateToken, has fallen in value as the exchange witnessed nearly $150 million in outflows. Rumors surround the exchange that it might have been affected by the Multichain incident, and that the CEO cannot be reached. saw a boost in usage following the collapse of the FTX exchange, as cryptocurrency investors looked at alternatives to trade at, but it is clear that CEXs are not the right choice. Decentralized alternatives like Tradecurve are taking over and we can see that the demand is here as the utility token behind the platform, TCRV has surged in value by 50%. >>BUY TCRV TOKENS NOW>BUY TCRV TOKENS NOW>BUY TCRV TOKENS NOW<< Each user can open an account using just an email address, deposit crypto with their wallet, and get access to anything, as the crypto will be used as collateral. With the tiny spreads, risk management tools, native support for desktop and mobile, and a simple user interface, anyone will be able to use and understand Tradecurve. The TCRV token has spiked 50% in value and now trades at just $0.015 during Stage 3 of its presale. The team will raise $20 million during the presale and can onboard 100,000 new users during the first three months of operations, where TCRV can climb 100x in value. Get access to more information surrounding the TCRV token at the following links: Click Here For Website Click Here To Buy TCRV Presale Tokens Follow Us Twitter Join Our Community on Telegram Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
9 days ago cointelegraph
Missing 'Bitcoin Millionaire' and ONFO coin co-creator found dead: Report
The body of Dr. John Forsyth has been found following a week-long search but police reportedly said foul play did not appear to be a factor.
10 days ago cointelegraph
Wintermute moves over $4M in Optimism to Binance ahead of token unlock
On-chain analytics platform Spot on Chain reported that Wintermute has already sold these tokens for $1.63 per OP.
11 days ago cryptopotato
Former BitMEX Head Arthur Hayes Predicts No All-Time High for Bitcoin in 2023
Arthur Hayes does not think Bitcoin will reach a new all-time high anytime this year.
12 days ago cointelegraph
Institutions seek detailed blockchain analytics for crypto adoption — Elliptic
Large financial institutions are getting involved in digital assets by investing capital, time and effort into on-chain analytics solutions.
13 days ago cryptopotato
What Is Zenit World? Everything You Need to Know
Cryptocurrency trading has soared in popularity throughout the past couple of years as the industry itself is venturing into the mainstream. The field saw an influx of both retail and institutional entities, which prompted a considerable increase in the total market capitalization. And while the past few months have been significantly slower in terms of […]
14 days ago cryptopotato
With Wall Street Memes Token set for ‘Significant Increase,’ ChatGPT Analyzes Crypto Prices
The world of crypto is ever-changing, with the emergence of ChatGPT transforming the way traders conduct research and analysis. The analytical prowess of ChatGPT has allowed traders to gain insights into the future price trajectories of cryptos like Bitcoin and Ethereum – adding a valuable tool to their trading toolkit. But it’s not just about […]

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