Decentraland(MANA)

The radio silence from the Multichain team following days of outages has left users searching for answers, with the protocol currently holding $1.5 billion in total value locked. Let’s find out more. Bitcoin Binance CEO Changpeng Zhao has said that he believes the crypto space could see the beginning of a bull run after China Central Television aired a segment on crypto. Ethereum Ethereum co-founder Vitalik Buterin's recent blog post has raised concerns about the potential risks associated with expanding the scope of social consensus within the Ethereum network. Ethereum recently implemented its Shanghai/Shapella upgrade, which has been ground-breaking for its investors. DeFi The Aave community is mulling over a proposal to launch its V3 on the Coinbase-backed Layer-2 blockchain solution, Base network. Pioneering DeFi protocol, MakerDAO, has initiated a vote on a proposal allowing its delegates to maintain anonymity and keep their whereabouts undisclosed. Altcoins The lack of communication and updates from Multichain’s leadership has amplified rumors, leading to significant unease and uncertainty among protocol users. Technology The Solana Foundation has announced the official integration of a ChatGPT plug-in developed by Solana Labs, marking the official integration of AI into its network. Hardware wallet provider Ledger has announced that it is pushing back the launch of its key-recovery feature after mounting criticism from the larger crypto community. Business According to court filings published on Thursday, Crypto Consortium Celsius has won the bid to acquire bankrupt crypto lender Celsius Network. After filing for Chapter 11 bankruptcy last December, the Bitcoin mining company, Core Scientific, is now set to finalize a restructuring plan which it expects will net at least a $46 million boost. Cryptocurrency exchange Gemini has revealed that Genesis parent entity DCG missed a $630 million loan payment due last week. Regulation US Senator Cynthia Lummis has pushed back against the Biden Administration’s proposal to tax cryptocurrency miners, stating that the administration is picking “winners and losers.” Hong Kong's Securities and Futures Commission (SFC) has recently introduced a series of stringent rules that are set to reshape the landscape of virtual asset trading within the city. Governor Ron DeSantis of Florida has made promises to protect the world of digital assets while simultaneously dismantling the concept of a central bank digital currency (CBDC). In a recent announcement, the European Systemic Risk Board emphasized the need for measures to prevent excessive leveraged bets on crypto assets. Germany’s Banking Sector recognizes the vast potential of blockchain technology beyond cryptocurrencies by exploring related innovative applications across various other domains. Crypto exchange Coinbase filed a writ of mandamus against the US SEC shortly after the regulatory body stated it was in no hurry to respond to Coinbase’s demands for regulatory clarity. Global policy forum IOSCO on Tuesday released the first global approach to crypto asset and digital market regulation. Japan has announced the implementation of new anti-money laundering measures for cryptocurrencies to combat increasing fraudulent activities in the industry. With the UK seeking to become a crypto hub, the Winklevoss twins are advising the government not to let itself be influenced by the politicization of crypto in the US. Cryptocurrency exchange Bitget continues to make strides toward becoming an industry leader by securing a regulatory license in Poland. The Philippines Securities and Exchange Commission has issued an advisory warning to the public, asking them not to invest in Gemini’s Gemini Derivatives product. A welcoming embrace from French regulators has led crypto exchange OKX to opt for making France a central base for its operations. Malaysia’s securities regulator, the Securities Commission, has ordered cryptocurrency exchange Huobi to cease all operations in the country. The South Korean Prime Minister, Han Deok-soo, has called on high-ranking public officials to disclose their crypto holdings, with party members unveiling a new bill on Friday. While speaking at the final day of the G7 summit in Hiroshima, President Joe Biden clarified that he would “not agree to a deal that protects wealthy tax cheats and crypto traders.” NFT The Binance crypto exchange has launched an NFT loan feature, which will allow users to use their NFTs as collateral to borrow cryptocurrency. Renowned entrepreneur and digital asset advocate Gary Vee expressed his belief that NFTs have the power to revolutionize the ticketing industry. Web3 ConsenSys, the blockchain technology firm behind the widely used crypto wallet MetaMask, has addressed recent rumors claiming it collects taxes from cryptocurrency users. Dispersion Capital has emerged from stealth mode and announced the launch of a $40 million fund to support startups working on infrastructure for Web3 projects. Security Cybersecurity firm Unciphered has claimed it managed to hack the hugely popular Trezor T hardware wallet manufactured by Satoshi Labs. Decentralized crypto mixing platform Tornado Cash recently suffered a significant attack when a malicious proposal recently subverted its governance system. 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.

Tsuyoshi Chino added that Binance J.apan may be still "a long way off" its business and activities being properly understood in gaining regulatory acceptance

Singapore, Singapore, May 23rd, 2023, ChainwireGenerative AI can create new content, such as images, videos, and text. With the help of deep learning algorithms like GANs (Generative Adversarial Networks), researchers are developing AI models that can generate realistic and original content. ChatGPT (Generative Pre-train Transformer) has elevated the AI trend and broadened the vision of people toward AI, the conversation with ChatGPT is as human-like as it can be.Trading has been one of the centerpieces of the financial markets and the broader economy. Trading helps to establish the market price of an asset, security and crypto itself. Trading also creates liquidity in the market by providing a mechanism for investors to buy and sell assets quickly and easily. Therefore the demand for AI in trading has never been higher, in crypto trading where everything happens at such a lightning pace, human productivity has been the limiting factor where evidence of increasing reliance on bot has been high. The revolution will be the implementation of AI that can be a better human with less emotion and productivity of a bot.TradeGDT (Trading Generative Data Transformer) is an upgraded version of a big data quantitative trading bot combined with AI. By combining the ChatGPT plug-in, it can communicate with users more intelligently and flexibly. Users can communicate with TradeGDT to execute orders, and even prompt users to be alert to the pairing dynamics Information, and through AI pattern learning, TradeGDT can analyze and study user data, dynamic trade model, identify the profit model belonging to the trader, and then formulate a set of trading models for automation execution, while becoming the trader's AI smart trading assistant a better version of the trader itself.TraderDAO team has been engaging in implementing AI in crypto trading since the start of 2022. TradeGDT has been proposed to cater for the demand of the crypto trading market. The TraderDAO team has been expanding and since gaining its team component that greatly accelerated the development of TradeGDT. With a very clear goal and commitment, TraderDAO has launched the MVP (Minimal Viable Product) to the market with close partnership to Bybit, and has hit the market with a bang which hits more than 10% ($330mil) Bybit 24 hour Trading Volume in 4 hours of their launch.The trading volume was inspired by $POT, a trading fee sharing token in TraderDAO which acts as the AI data training incentive. Traders just need to perform trading to mint $POT and enjoy the fee sharing premium of the entire platform. The minting of each $POT requires a corresponding fee coming from trading fee rebate. Therefore, $POT is minted with 1:1 real yield asset backed, and the $POT treasury will grow bigger in value as the market continues to add new trades in, where these trades will provide data for AI pattern learning, powering the development of TradeGDT.$POT is the utility token that incentivises AI training where the $HOT token is the governance token of TraderDAO. $HOT is deeply rooted in the heart of TradeGDT utility, the fuel that is burned off to use or operate all the coming functions and features of TradeGDT AI. TradeGDT will be traders' smart trading assistance that revolutionize trading by improved decision making, increased efficiency, reduced risk, improved portfolio management, faster and more accurate trade execution. All the benefits with $HOT as the gas fee, fueling the path to trading revolution.As the AI trend continues to make waves around all spaces, ChatGPT is moving in the forefront of the AI movement. TraderDAO AI TradeGDT could be the beginning of the AIFI (AI Finance) trend, with the past hype brough fort by DeFI and GameFI, AIFI has a far more bigger future with limitless potential, trading is the center to all crypto token value andwith the combination of Trading and AI, TradeGDT could be the champion of the AIFI era.About TradeGPTTradeGDT is a groundbreaking AI project that is transforming the trading landscape. Our team comprises skilled engineers from renowned institutions like Cambridge and TsingHua, with over 5 years of experience in quant trading. With a diverse management team representing talents from Singapore, Malaysia, Taiwan, Hong Kong, and the UK, we foster innovation on a global scale.At TradeGDT, we offer an advanced incubation platform designed to help traders develop their AI Trading Brain, providing valuable assistance in trading or allowing others to follow their successful strategies. By seamlessly integrating sophisticated Hidden Markov Models with user-fed trading data, TradeGDT evolves and adapts to each trader's unique trading patterns, precisely identifying the best entry opportunities for them.The heart of our ecosystem lies in TraderDAO, a decentralized autonomous organization that continually provides invaluable trading data to TradeGDT. With the input from a community of over 10,000 active traders, our platform generates a more powerful AI Trading Brain, enabling traders to achieve superior [email protected]@mave121

Road Town, BVI,, May 26th, 2023, ChainwireLBank Exchange, the global digital asset trading platform, has listed Ordinal Pepe (OPEPE). The OPEPE/USDT trading pair went live on LBank on May 26. Ordinal Pepe (OPEPE) is the first Pepe token to be issued on the Bitcoin blockchain. This dynamic fusion combines the famous Pepe frog meme with the unrivaled security of Bitcoin.Pepe and Ordinals are already making waves in their respective domains. In 2023, PEPE rose to become the most popular memecoin on Ethereum while the demand for collecting rare sats on Bitcoin has demonstrated a new use case through Ordinals. Uniting these two thriving phenomena into a single memecoin on Bitcoin was the logical evolution of things.Influenced by the triumph of Pepe and riding on the current enthusiasm surrounding meme tokens, OPEPE has a unique and community-centric approach in place. Offering no tax on buy or sell transactions, complete liquidity lock, and an abundant supply of 1 quadrillion tokens, OPEPE aspires to be the most desirable memecoin on the market.OPEPE, powered by its community, seeks to replicate the joy and rewards that Pepe brought to its fans. The vision for OPEPE is to dominate the meme space and achieve deep liquidity through becoming available on leading exchanges. Backed by an innovative strategy and a tight-knit community, the Ordinals Pepe team firmly believe they can realize this ambition.About OPEPE TokenBased on the ERC-20 token standard, OPEPE is a Bitcoin-based memecoin with a total supply of 1 quadrillion (1,000,000,000,000,000). The token was listed on LBank Exchange at 10:00 UTC on May 26, 2023. It aims to become the preeminent memecoin, combining the humor and memetic power of Pepe the frog with the security and reliability of Bitcoin.Official Website | Telegram | Twitter | ContractAbout LBankLBank is one of the top crypto exchanges, established in 2015. It offers specialized financial derivatives, expert asset management services, and safe crypto trading to its users. The platform holds over 9 million users from more than 210 regions across the world. LBank is a cutting-edge growing platform that ensures the integrity of users' funds and aims to contribute to the global adoption of cryptocurrencies.Start Trading Now: lbank.comCommunity & Social Media:Telegram l Twitter l Facebook l LinkedIn l Instagram l YouTubeContactLBK Blockchain Co. [email protected]

Road Town, BVI, May 26th, 2023, ChainwireLBank Exchange, a global digital asset trading platform, listed Decentralized Social (DESO) on May 24, 2023. For all users of LBank Exchange, the DESO/USDT trading pair is officially available for trading.Reimagining the world of social, DeSo is the first layer-1 blockchain built from the ground up to decentralize social media and scale storage-heavy apps to billions of users. Its native token Decentralized Social (DESO) was listed on LBank Exchange at 3:00 UTC on May 24, 2023, to further expand its global reach and help it achieve its vision.Introducing DeSoDeSo, short for "decentralized social", is a new layer-1 blockchain built from the ground up to decentralize social media for billions of users. It is empowering an internet that’s creator-led, user-owned, and open to millions of developers around the world to build off one another.Today, there’s only a handful of big-tech companies that own and control all the information people consume online. DeSo puts the ownership back in the hands of users, not platforms. User’s identity, profile, content, and social graph can now be owned by themselves in a completely censorship-resistant way.The DeSo blockchain supports not only traditional social features like creating profiles and posts, but also novel blockchain-native features like social tokens (creator coins), tipping, and NFTs. These features unlock vast new categories of money-enabled products, from social NFT experiences to influencer stock markets. These features enable creators to more effectively monetize their content and connect with their followers on DeSo-powered apps.In addition, developers can build in a gasless, permissionless, and transparent environment where everything is open and on-chain for ultimate accessibility and composability. DeSo is built to support storage-heavy or infinite-state applications, opening up a new world of non-financial-based web3 apps that weren’t possible before. New users can signup to DeSo apps like Diamond and earn $DESO for simply posting and engaging with other users on the platform.DeSo's biggest advantage lies in the fact that it is not a general-purpose blockchain. Instead, it supports a narrow set of social-oriented features that it implements on bare metal, using custom indexes that every node builds during consensus when it syncs from its peers. This allows the DeSo blockchain to reach highly-scalable storage capabilities that are unparalleled by any general-purpose blockchain. For instance, the cost of 1 GB of on-chain storage on DeSo is as low as 1 DeSo, whereas even the best existing smart contract infrastructures require millions ($1,000,000+) of dollars to achieve the same.With DeSo, people can now imagine, build and experience the next generation of web3 social. In the same way, people have seen Bitcoin and Ethereum decentralize finance, DeSo is now enabling this for social.Deso is coming off a series of remarkable launches including their MetaMask integration which makes it easy for Ethereum users to login to DeSo apps in just a few clicks. Additionally, they’ve launched the groundbreaking MegaSwap, a anonymous no login cross-chain swapper for crypto, and OpenFund, which makes it easy for crypto projects to launch startups and get funded in just a few clicks.Looking forward, they are gearing up for their transition to Revolution Proof-of-Stake, a monumental development that will enhance energy efficiency by 99% and establish DeSo as one of the most deflationary protocols in existence. Soon, you’ll have the opportunity to stake your $DESO while earning rewards for securing the network. This innovative PoS mechanism enhances the schemes employed by Ethereum, Cosmos, Flow, and Solana, demonstrating DeSo’s commitment to technological advancement.Keep checking back as DeSo prepares even more announcements as they become a sovereign blockchain that enables anyone from anywhere in the world to launch decentralized, censorship-resistant apps that scale to billions of users!About DESO TokenDecentralized Social (DESO) is the native token of DeSo ecosystem, which currently has 2M wallets and 85M transactions across 100+ applications built, resulting in $2B in transaction volume. Transactions on DeSo are virtually gasless, costing one-ten thousandth of a cent.In addition, DeSo just announced a groundbreaking Proof-of-Stake mechanism called Revolution, leading to 99% more energy efficiency and becoming a far more deflationary protocol than has ever existed. Once completed, DeSo will inch closer to its final form, "The Sovereign Internet," featuring a "Decentralized Web," enabling developers to deploy censorship-resistant storage-intensive applications at scale from anywhere in the world.DESO token was listed on LBank Exchange at 3:00 UTC on May 24, 2023, investors who are interested in DeSo can easily buy and sell it on LBank Exchange now. The listing of DESO token on LBank Exchange will undoubtedly help it further expand its business and draw more attention in the market.Learn More about DESO Token:Official Website | Twitter | YouTube | Telegram | Discord | Diamond | ExplorerAbout LBankLBank is one of the top crypto exchanges, established in 2015. It offers specialized financial derivatives, expert asset management services, and safe crypto trading to its users. The platform holds over 9 million users from more than 210 regions across the world. LBank is a cutting-edge growing platform that ensures the integrity of users' funds and aims to contribute to the global adoption of cryptocurrencies.Start Trading Now: lbank.comCommunity & Social Media:Telegram lTwitter lFacebook lLinkedIn lInstagram lYouTubeContactLBK Blockchain Co. [email protected]

According to court filings published on Thursday, Crypto Consortium Celsius has won the bid to acquire bankrupt crypto lender Celsius Network. The Fahrenheit consortium beat fellow bidder NovaWulf, with the Blockchain Recovery Investment Consortium shortlisted as a backup. Fahrenheit’s Successful Bid According to court filings, Celsius Network’s assets were previously valued at $2 billion. Fahrenheit’s winning consortium is backed by Arrington Capital, mining company US Bitcoin Corp, Steven Kokinos, Ravi Kaza, and Proof Group. With the bid secured, the consortium will acquire Celsius’s staked cryptocurrencies, along with its institutional loan portfolio, mining unit, and additional alternative investments. Additionally, the consortium must pay a deposit of $10 million within three days to clinch the deal. Fahrenheit will also be required to provide the management team, capital, and technology to establish and operate the new regulatorily compliant public company. The deal will also see the newly formed company receive a significant amount of liquid cryptocurrency. This amount is speculated to be between $450 and $500 million. US Bitcoin Corp will also lead the construction of numerous Bitcoin mining facilities, including a 100-megawatt plant. In an announcement, Alan Carr and David Barse, members of the Special Committee of the Board, stated, “We are very pleased that our competitive auction process produced a positive result for customers, including, most prominently, hundreds of millions of dollars in lower management fee savings and increased liquid cryptocurrency distributions to Celsius’ customers. We appreciate the robust interest that the Celsius platform has received from competing bidders and look forward to working with Fahrenheit to expedite the restructuring and distribute recoveries to creditors.” They further added, “The dynamic engagement in our auction provided us with excellent options for our exit from chapter 11. We are grateful for the collaboration of the Committee, and with our path now set, we are looking forward to enabling our customers to move forward from this process.” Regulatory Approval Awaited While the bid has been accepted by Celsius and a committee of its creditors, it still requires regulatory approval before it can be finalized. Martin Glenn, the Bankruptcy Court Judge, had already warned of regulatory roadblocks that could hamper the acquisition of Celsius, similar to how it had scuppered a similar deal. For context, the Judge was referring to the agreement between Binance US and Voyager. After Federal officials opposed the deal, Binance US had to terminate its purchase of bankrupt crypto lender Voyager’s $1 billion in assets. Binance cited an uncertain and hostile regulatory climate for scuppering the deal. Celsius and BRIC Celsius had filed for Chapter 11 bankruptcy in July 2022 after it emerged that the lender had a $1.2 billion hole in its balance sheet. Initially, digital asset investment firm Novawulf was announced as the winning bidder but eventually lost out. However, Celsius also announced that it had secured a backup bid from the Blockchain Recovery Investment Consortium (BRIC). The backup would act as a contingency plan should there be any hiccups. Celsius announced the backup bid on its Twitter handle, stating, “Earlier today, the Celsius auction concluded, and Fahrenheit was selected as the winning bid. The BRIC bid was selected as the backup bid. The Committee appreciates the efforts of Celsius and all bidders for their efforts, which generated significant value for Celsius users. The Committee will share more info a lot about the winning bid and backup bid soon.” In the event of BRIC having to step in, it would be required to establish a publicly traded mining business, giving Celsius creditors complete ownership of equity interests and a potential management contract with GlobalXDigital. 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 silence emanating from Multichain’s leadership has amplified rumors, leading to significant unease and uncertainty among protocol users. At present, several of Multichain’s cross-chain pathways remain down, leading to a major pile-up of transactions on the protocol. Multichain’s Radio Silence The radio silence from the Multichain team has left users searching for answers, with the protocol currently holding $1.5 billion in total value locked (TVL). Multichain face a fifth day of outages and transactions that are in limbo, primarily due to multiple cross-chain pathways that are still offline. These include Polygon zkEVM, Kava, and zkSync. Initially, the team stated that this was caused due to an upgrade that was being patched. However, this explanation was revised, with the cause outlined as an ambiguous explanation of “force majeure.” The uncertainty and radio silence comes against the backdrop of unverified rumors circulating on Twitter that the protocol’s core leadership could possibly be under arrest in China. Co-founder of Multichain, DJ Qian, took to Twitter, stating he had asked Multichain CEO Zhaojun and its founding partner Xu Guochang if they could provide any help or explanation. “From yesterday to today, I received a lot of greetings. Many people sent messages asking me if I was okay. Thank you for your concern. Of course, I’m fine. At the same time, I also hope that there is nothing serious about multichain. Although I am not ashamed of what Zhaojun did before, after all, I brought Zhaojun and Guochang into the industry. I asked Guochang for some information to see if he could provide technical or other help. Well, the most important thing is the safety of user assets and the safety of people.” Leadership Under Arrest? With rumors of the team’s arrest circulating on Twitter, Multichain’s VP of Strategic Partnerships stated in a Telegram group message that he was not aware if Chinese authorities had actually detained the protocol’s leadership. Protocol CEO Zhaojun did not reply to any messages on the group in question nor to direct queries. The project’s Discord server and other Telegram groups are dealing with similar uncertainty, with no updates about the project or its future. All community members have been told to wait for any further updates. MULTI Token Plummets With the uncertainty surrounding the project, the protocol’s native MULTI token has continued its downward trajectory. With users complaining that their transactions had been stuck since Sunday, the team assured them that their funds were safe and they were working to resolve the issue. David Who, a community manager with Multichain, had given users an update, stating, “At this stage, we can’t be sure when it will be fully fixed. However, our user’s funds are safe, and pending transactions would “pass through automatically and instantly” after resolution.” However, with no resolution, the token’s price has continued to drop. Currently, the MULTI token is down over 28% and is trading at $3.80. Other Projects React Several projects have responded to the situation unfolding at Multichain. Coinflux Network became the latest to respond, stating that it had suspended Multichain’s co-mint privileges as a precautionary measure. This would prevent Multichain from minting new tokens on the project’s blockchain. Furthermore, Coinflux also added that it would work with users to mitigate any losses that may arise. Crypto Investment firm HashKey Group also revealed that it had moved $250,000 from Multichain to Gate.io. Meanwhile, Tron founder Justin Sun also revealed that he had withdrawn 470,000 of the USDD stablecoin from the protocol. Cryptocurrency exchange Binance also swung into action, announcing that it was suspending deposits for 10 bridged tokens following days of transactions being stuck in limbo. This impacted several token pairs, including Polkastarter (POLS), Alpaca Finance (ALPACA), Travala.com (AVA), Spell (SPELL), Fantom (FTM), Alchemy (ACH), Beefy (BIFI), SuperVerse (SUPER), Harvest Finance (FARM) and DeXe (DEXE). Binance’s announcement will impact users of bridged tokens on Ethereum, Avalanche, BNB Smart Chain, and Fantom. Fantom Foundation also moved to limit its exposure, withdrawing $2.4 million in liquidity of the MULTI token on the SushiSwap DEX. Andre Cronje, Fantom Foundation Director, explained that Fantom had to act due to the uncertainty surrounding Multichain and was withdrawing the funds out of caution. Cronje added, “No point to LP at times of uncertainty. You can see in the wallet the funds haven’t been sold. As soon as Multichain is able to release a statement around this and clear it up, we will LP again.” 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.

Microsoft President Brad Smith is the latest tech industry heavyweight to call for better risk management and regulation for artificial intelligence.

The miner will receive $15 million management fee for the Celsius mining assets, which it will operate exclusively.

In a recent announcement, an EU watchdog emphasised the need for measures to prevent excessive leveraged bets on crypto assets. The European Systemic Risk Board (ESRB) has made a range of recommendations with which to address the challenges faced by the crypto sector. Among the proposed actions, the ESRB suggested implementing stringent regulations such as mandatory regular reports from all companies involved in crypto assets. Additionally, it highlighted the necessity of specific rules tailored to the largest firms operating within this space. The cryptocurrency industry has experienced a rollercoaster ride over the past 18 months, marked by significant fluctuations in the price of Bitcoin and with the collapse of various crypto institutions. Highlighting the potential rapid emergence of systemic risks, the ESRB stressed the urgency of addressing these issues. As highlighted in a Reuters article earlier today, the report cautioned that if the industry's exponential growth trajectory persists, crypto-assets could pose a threat to financial stability. Proposing an amendment to existing EU regulations, the ESRB recommended the introduction of leverage limits for investment funds exposed to crypto-assets. By curbing the extent of leverage employed, the aim is to mitigate the potential risks associated with highly leveraged bets. Furthermore, the ESRB called for higher collateral requirements for distributed finance products and stablecoins, further bolstering risk management within the crypto space. While these recommendations are not legally binding, they hold significant weight and are expected to influence the EU's future endeavours in refining its regulatory framework for crypto assets. As the EU revisits its markets in cryptoassets regulation (MiCA), it is likely to take these suggestions into serious consideration. 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.

Schwarzenbach, Switzerland, May 25th, 2023, ChainwireConcordex, the first dedicated decentralized exchange (DEX) built on the Concordium blockchain, has officially launched its testnet. The project raised $1.7 million in seed funding from Tacans Labs, Skynet Trading, Seier Capital, Amdax and Concordium blockchain in December 2022 to bring institutional-grade DeFi trading tools to the Concordium blockchain ecosystem.Concordium is the permissionless green Layer 1 science-backed blockchain creating a safer digital world with an embedded identity verification layer. It provides a secure way for users and enterprises across the world to trade, and remain compliant, while ensuring the privacy crypto users have grown accustomed to. Concordex will utilize the regulatory-ready Concordium ecosystem to offer one of the first regulation-friendly DeFi platforms, a radical step forward in the evolution of DeFi.“The launch of our testnet today will offer a glimpse into the robust set of DeFi tools we are developing for the Concordium blockchain. By leveraging their regulatory-ready blockchain ecosystem, Concordex is set to be one of the first regulation-friendly DeFi platforms in the market, taking a significant step forward in the evolution of DeFi, while offering a unique trading experience for users," said James Davies, Chief Product Officer at Concordex Labs."Concordium meets the growing demands from institutional investors for enterprise-grade DeFi. Together with Concordex we will provide the highest standards of security, compliance and scalability. Unlocking liquidity, diversification, and yield generation beyond traditional investments. " Torben Kaaber, Head of Commercial at ConcordiumConcordex will bring a variety of features to the Concordium ecosystem including simple trading, as well as concentrated liquidity and flexible fee levels for liquidity providers allowing them to optimize capital deployment and maximize returns over time. With a team of highly capable TradFi and DeFi veterans, the platform is set to bridge the gap between TradFi and DeFi with true on-chain derivatives and other tools dedicated to institutional investors.To celebrate the launch of its public testnet, Concordex has also launched a Concordex Testnet Rewards Program, allocating a total of USD 100,000 in its upcoming $CCDX token as rewards for participants in the program, which is set to continue for the duration of the testnet phase with rewards distributed after the token’s token generation event (TGE) later this year.About ConcordexConcordex is an advanced institutional-grade liquidity management DEX built on the Concordium blockchain. The project was developed by DeFi venture studio Tacans Labs, with core team members including award-winning entrepreneur Mathias Lundoe, and industry veterans James Davies, Ivan Ivaschenko, and Marie Tatibouet. The platform aims to launch on Mainnet in Q3 2023.For more information, please visit: concordex.ioAbout ConcordiumConcordium is a permissionless green layer 1, a science-backed blockchain that balances privacy with accountability through its ID layer and Zero-knowledge proofs. Creating trust with ID is key to scaling businesses. Concordium provides a fast, secure, and high-scale blockchain platform that makes building use cases and using dApps easy. Concordium differs by having verified ID and instant finality with high throughput, and low transaction fees, pegged to FIAT. With leadership from Fortune 500 companies, Volvo, IKEA, Credit Suisse, Uber, and successful Fintech platforms, the team is scaling the chain to its extensive network of the world's biggest enterprises.For more information, please visit: concordium.comContactPR ManagerDion GuillaumeTacans [email protected]

The firm has so far received $20 million out of its $100 million target for the fund.

Renton, United States, May 25th, 2023, ChainwireStably, a leading Stablecoin-as-a-Service (SCaaS) and fiat on/off-ramp infrastructure provider for Web3 projects, is aiming to revolutionize the nascent Bitcoin ordinals market by launching its US Dollar (USD)-backed stablecoin, Stably USD, as a natively-issued BRC20 token under the symbol #USD. This groundbreaking development marks a critical milestone in the exponentially growing Bitcoin ordinals ecosystem that is now reaching half a billion dollars in total market capitalization in less than six months.#USD is a BRC20 standard stablecoin created via the Bitcoin ordinals protocol which was introduced in January 2023 after the recent Taproot upgrade. BRC20 tokens use a technique called ordinal inscriptions to attach data to individual "satoshis," the smallest unit of a Bitcoin. These satoshis can then represent anything from digital art ownership to “meme coins” and even stablecoins.According to Stably, every #USD token is backed 1-to-1 with USD in a collateral account managed by a US-regulated custodian for the benefit of KYC/AML-verified token holders. Monthly reports for the account are also conducted by a third-party stablecoin attestor to ensure #USD tokens are always fully collateralized with USD."When I met Domo, the creator of the BRC20 standard, at the Bitcoin 2023 conference in Miami, I told him about our upcoming plans for #USD," said Kory Hoang, Stably’s CEO and Co-Founder. “He thought it was great and funny how we are creating a stablecoin on Bitcoin to enable Bitcoin trading on-chain… With a stablecoin built on Bitcoin. I’m still chuckling about it to this day, actually. In just one week after that, however, we made it happen!” The integration of BRC20 #USD into the Bitcoin network is part of Stably’s mission to power the next billion Web3 users with a seamless fiat-to-crypto and stablecoin onramp to all popular and emerging blockchain networks. The company’s upcoming collaborations with prominent ordinals and BRC20 projects, including UniSat–the world’s largest decentralized wallet/marketplace for ordinals–and Ordzaar–Asia’s first decentralized ordinals marketplace project, reflect Stably's aspiration to drive global innovation and adoption toward decentralized finance on the Bitcoin network, or “BitFi.” Additionally, Stably’s engineers are now exploring the new ORC20 standard for Bitcoin ordinals, which could significantly enhance the token properties of #USD once implemented.#USD can be issued/redeemed with Fedwire, SWIFT, USDC, and USDT by KYC-verified users across 200+ countries/regions currently, including up to 44 US states. Stably states that it is employing a manual process of issuance/redemption for #USD’s initial launch but plans to release support for automatic issuance/redemption through Stably Ramp, the company's plug-and-play fiat gateway widget, during Q3 2023. By then, users of #USD will be able to on/off-ramp via more traditional payment methods like ACH, instant ACH, and credit/debit cards, in addition to bank wires.Founded in 2018, the 20+ team member Seattle FinTech is backed by leading institutional and angel investors in the crypto space, such as Morgan Creek Capital, BEENEXT, 500 Startups, Hard Yaka, CREAM Labs, Sunny Lu of VeChain, and Paul Stahura of Donuts, Inc. The company has raised over $7.5-million in total funding to-date, $5-million of which was collected during its last Pre-Series A round in December 2021. Stably has also expanded its fiat on/off-ramp and stablecoin natively to more than ten emerging networks, including Arbitrum, XRP Ledger, Stellar, Tezos, VeChainThor, Harmony, Polymesh, Coreum, ICON, and Chia Network.About StablyStably is a Web3 payment infrastructure provider and FinCEN-registered MSB from Seattle. The company specializes in providing stablecoins and fiat crypto on and off-ramps to users of Web3 applications. Stably’s mission is to power this decade’s next billion Web3 users with regulatory-compliant payment infrastructure across both developed and emerging blockchain ecosystems.Visit stably.io to learn more.Risk Disclaimer: Digital assets involve significant risks, including (but not limited to) market volatility, cybercrime, regulatory changes, and technological challenges. Past performance is not indicative of future results. Digital assets are not insured by any government agency and holding digital assets could result in loss of value and even principal. Bridged or wrapped digital assets (e.g. WBTC) involve additional risks, such as technical challenges, higher fees, security vulnerabilities, and reliance on third-party custodians. Please conduct your own thorough research and understand potential risks before purchasing/holding digital assets. Nothing herein shall be considered legal or financial advice. For more information about the risks and considerations when using our services, please visit: stably.io/terms-of-service.ContactStably Head of MarketingMatthew [email protected]

Singapore, Singapore, May 25th, 2023, ChainwireThe Open Network(TON), a revolutionary technology to unite all blockchains and Web2 internet into one open network, in collaboration with DWF Labs and Amazon Web Services (AWS), is hosting a decentralized finance (DeFi) and Data Analytics Hackathon, Hack-a-TON x DWF Labs x AWS.The hackathon provides developers interested in DeFi and data analytics with the opportunity to design, code, learn and network as they bring their ideas to life. Participants will be able to engage with a vibrant community of Web3 builders, obtain access to virtual workshops led by experienced mentors and specialists, and showcase their ideas at the event finale. The winning project will receive investment from DWF Labs to transform their idea into reality. In addition, there’s a total prize pool that includes prize money of 150,000 USD worth of Toncoin (TON), the native cryptocurrency of TON, and an additional 150,000 USD worth of TON in grants and AWS Credits worth USD 115,000. TON is used for transaction fees, securing the TON blockchain through staking, deciding how the network develops and settling payments..Throughout the duration of the hackathon, there will be regular virtual workshops for all participants and online assistance from AWS, DWF Labs and TON mentors who will be ready to answer questions from teams in the hackathon chat while the building phase runs from May 27 until July 27. The sessions are designed to aid builders and provide them with the skills, knowledge, and time they need to build on their ideas, bring their projects to life, and network with other participants. Participants who successfully complete the hackathon will receive exclusive NFTs; and teams who make it to the final round will be entitled to exclusive merchandise and stand to win from the prize pool.“This event is a remarkable opportunity for developers passionate about DeFi and data analytics to unleash their creativity, learn, and network with like-minded individuals.” said Andrei Grachev, the Managing Partner at DWF Labs. “We believe in the power of innovation and want to inspire builders to create exceptional applications on the TON platform. In addition to the substantial monetary prizes, our aim is to encourage participants to contribute to the growth of the TON ecosystem by building transformative projects. We eagerly await the groundbreaking ideas and solutions that will emerge from this hackathon, and we're excited to support the winners in bringing their visions to life."“We’re delighted to work in collaboration with DWF Labs and AWS, the world’s most comprehensive and broadly adopted cloud on a hackathon, that will showcase the very best of TON talent in the emerging fields of DeFi and data analytics,” said Justin Hyun, Head of Incubation at TON Foundation. “This event represents a great opportunity to learn and build as projects in our ecosystem continue to grow and flourish.”Registration for Hack-a-TON DWF Labs x AWS kicks off on May 27, 2023 at 12:00 (UTC+4), together with the build phase. Registration will close on June 27, 2023, at 12:00 (UTC+4), with the build phase continuing until July 27, 2023, at 23:00 (UTC+4), when all applications must be submitted.Participants are encouraged to apply as early as possible in order to have more time to build their projects. Each team is required to go through the registration process and receive approval prior to participation. Teams can consist of between three and five people, and are required to use open-source code and make this accessible after the build phase concludes.Once the build phase is complete, Hack-a-TON x DWF Labs x AWS judges will evaluate each project from July 27 until August 10, 2023, with the list of 20 finalists to be announced on Friday, August 11, 2023. Each project will be rated for its potential to achieve growth in the TON ecosystem, technical accomplishment, ‘Wow’ factor and business merit. Finalists will then have one month to prepare for their project showcase, from August 11 to September 10, 2023.Hack-a-TON x DWF Labs x AWS will conclude with an offline showcase on September 11-12, 2023 at the AWS Headquarters in Singapore. For the final round, the judging criteria will be slightly different, with each project rated based on its pitch, quality of idea, ‘wow’ factor, problem solving and business merit. The offline showcase will take place as a precursor to TOKEN2049, Singapore's premier annual crypto event that brings together founders and executives of the world's top Web3 projects.Finalists will compete for a bevy of exciting prizes;1st Prize:70,000 USD worth of TON sponsored by DWF Labs70,000 USD in TON grants10,000 USD worth of AWS Credits2nd Prize:50,000 USD worth of TON sponsored by DWF Labs50,000 USD in TON grants10,000 USD worth of AWS Credits3rd Prize:30,000 USD worth of TON sponsored by DWF Labs30,000 USD in TON grants10,000 USD worth of AWS Credits17 finalists will each receive 5,000 USD worth of AWS Credits.All participants will receive exclusive NFTs and the finalists who attend our showcase will get a cool merch pack. Winners will receive DWF Lab’s prizes once the hackathon is over and TON Grants will be paid upon each milestone completion.*TON price used will be the average over the 2-months spanning the hackathon.All participants at the offline showcase will receive exclusive NFTs and cool merchandise packs. To register for the event, click here to complete the process.About The Open NetworkThe Open Network (TON) is a revolutionary technology to unite all blockchains and Web2 internet into one open network. It was born to empower billions of Telegram users with genuine Web3. Originally introduced by the Telegram team inheriting its freedom and openness ethos, it has been run as an open-source community project since 2020. TON’s layer-1 architecture is designed to scale up to 2 to the power of 32 workchains, each of which can be subdivided into up to 2 to the power of 60 shardchains. It can support millions of transactions per second near-instantly.Telegram has helped people stay connected. TON will transform the communities into economies. Learn more: https://www.ton.orgAbout DWF LabsDWF Labs is the global digital asset market maker and multi-stage Web3 investment firm, supporting portfolio companies from token listing to market making to OTC trading solutions.With offices in Singapore, Switzerland, the UAE, Hong Kong, South Korea and BVI, the investment company DWF Labs is an affiliate of Digital Wave Finance (DWF), which consistently ranks among the top 5 trading entities by volume in the cryptocurrency world through its proprietary technology for high frequency trading.—For more information visit www.dwf-labs.comContactPortfolio ManagerLydia [email protected]

Two popular gaming and metaverse platforms, Sandbox and Decentraland, have become increasingly popular in recent years. Both allow users to create virtual worlds with their own customizations, but neither one offers a robust hedging system to protect users’ investments. This article will examine why Sandbox (SAND) and Decentraland (MANA) fall short when it comes to […]

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