Orbit Chain(ORC)

Dubai, United Arab Emirates, 31st March, 2023, ChainwireUnizen is thrilled to announce a strategic partnership with DWF Labs, a leading global digital asset market maker and multi-stage Web3 investment firm. This collaboration will enhance Unizen’s mission to address the challenges faced by Web3 technology and create a seamless, frictionless experience for users by bringing together third-party blockchain projects from various networks under one roof, using the best interoperability and aggregation frameworks available.Unizen is dedicated to solving the complexities and inefficiencies that currently plague the Web3 ecosystem, such as research requirements, cross-chain bridging, native token gas fees, and more. Unizen’s all-in-one toolbox provides a user-friendly interface that integrates data and Web3 applications from top blockchains, enabling users to have full control over their assets and access the best rates with ease.The Unizen platform is built upon three core pillars: the Unizen Interoperability Protocol, Unizen Liquidity Distribution Mechanism, and the Unizen Omni-Chain Data Pool. These groundbreaking innovations ensure seamless blockchain traversal of digital assets, optimal execution prices for all assets backed by decentralised liquidity, and a uniform and standardised interface for apps and blockchain interactions across multiple networks.Andrei Grachev, the Managing Partner of DWF Labs, stated, “Unizen’s groundbreaking solutions, such as the Unizen Interoperability Protocol and Liquidity Distribution Mechanism, are transforming the way users interact with multiple blockchain networks. We believe that Unizen's innovative approach to solving the challenges faced by the ecosystem aligns perfectly with our mission at DWF Labs, and we're looking forward to a fruitful collaboration that drives the industry forward.”Sean Noga, the CEO of Unizen, stated, "By partnering with DWF Labs, Unizen is proudly joining forces with a company that drives industry adoption and increases efficiencies and usability across the Web3 landscape. We look forward to collaborating with DWF Labs to further enhance the user experience and foster the growth of blockchain technology."About UnizenUnizen is an innovative project that addresses the challenges faced by Web3 technology by creating a seamless, frictionless experience for users. Unizen’s platform brings together third-party blockchain projects from various networks under one roof, using the best interoperability and aggregation frameworks available. With our all-in-one toolbox, Unizen aims to revolutionise the Web3 ecosystem by providing a user-friendly interface that integrates data and Web3 applications from top blockchains.About 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.Learn MoreWebsite | Gitbook |Twitter | Telegram | DiscordContactCEOSean [email protected]

The focus on crypto regulation was part of the U.K. government’s plan to fight economic crime, which also included addressing law enforcement's ability to seize and store assets.

The Gemini crypto exchange is working on launching an international crypto derivatives exchange to fill the hole left in the derivatives market by the FTX ecosystem collapse. Gemini To Offer Risky Perpetual Futures Gemini, the brainchild of the Winklevoss twins, could be the next big derivatives service provider. According to reports from sources close to the matter, the crypto exchange has been reaching out to trading firms to serve as market makers to launch an overseas derivatives exchange. It is interesting to note that the platform will be specifically offering perpetual futures. This type of derivative does not have an expiry date and thus can be traded with significant leverage. Therefore, it is considered a highly risky product and banned for retail trading in the United States. Will SEC Disapprove? It will be interesting to note how the operation pans out, as the company has already been in hot water with the U.S. Securities and Exchange Commission (SEC) for allegedly selling unregistered securities. The SEC is not going to be too happy about the company’s perpetual futures offering. Even though the matter would be outside its jurisdiction, it could irk the regulatory body enough to make matters difficult for Gemini. In January 2023, the company had to lay off 10% of its workforce after being caught up in the Genesis bankruptcy. Regulatory Trouble For Derivatives Providers Furthermore, other regulatory bodies are also toughening up on crypto firms, especially those offering crypto derivatives services. For example, the Commodity Futures Trading Commission (CFTC) has recently sued the Binance crypto exchange on charges of violating U.S. derivatives law. Binance Australia also had to shut down the crypto derivatives accounts of some wholesale investors who did not fit the criteria. (The exchange does not allow retail investors to participate in crypto derivatives trading on its platform.) Gemini’s Bid For Overseas With FTX gone and now Binance embroiled in legal troubles, there is a significant market share up for grabs in international derivatives trading. In fact, even Coinbase had indicated plans to grab a chunk of this market share by launching an overseas platform to offer perpetual futures derivatives. However, as the crypto trading platform is likely going to face enforcement action from the SEC, as indicated by the Wells notice, Gemini could beat Coinbase to the overseas derivatives race. As one of the co-founders of Gemini, Cameron Winklevoss believes that the next bull run would come from Asia, the company’s international expansion makes even more sense. 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 Chairperson of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, is demanding more funds to support his regulatory crusade against cryptocurrencies. Gensler Wants More Money On a March 29 testimony to the House Financial Services Subcommittee for SEC’s fiscal year 2024, chief Gary Gensler demanded more financial support to keep up with the technological advances of the crypto sector. He has demanded that the regulatory body needs a higher functioning budget to crack down effectively on bad actors in the country.He said, “Rapid technological innovation in the financial markets has led to misconduct in emerging and new areas, not least in the crypto space. Addressing this requires new tools, expertise, and resources.” The budget amount of $2.4 billion was first proposed by President Joe Biden for the fiscal year 2024. Agency Spread Thin, Needs Funds: Gensler Gensler claimed that the SEC funds are already spread thin, and the agency requires funding in the amount of $2.4 billion to manage the increasing complexity in the capital markets as introduced by crypto companies. Giving an account of the agency’s functioning, Gensler reported that the Division of Enforcement and Examinations, which consists of a major chunk of the agency’s staff, had received over 35,000 separate tips, complaints, and referrals from whistleblowers in the crypto industry. On top of that, he reported that the Enforcement Division cracked the whip on 750 different cases last year by enforcing actions that brought in $6.4 billion in penalties and fines. Of these 750, thirty actions were related to the crypto industry and brought in $242 million of penalties, indicating a 36% increase over the 22 actions in 2021. SEC’s Crypto Crusade However, his statements at the hearing indicate that, as always, Gensler has approached the fund's appeal by lashing out at the crypto industry and portraying his own agency as the lone “cop on the beat” working against the big bad. His statements indicate that it is an unruly space full of bad actors whose sole aim is to trick funds out of the pockets of honest American citizens. At the budget hearing, Gensler said, “Further, we’ve seen the Wild West of the crypto markets, rife with noncompliance, where investors have put hard-earned assets at risk in a highly speculative asset class.” The SEC has been accused of being extra-judicial when it comes to cryptocurrency. The regulatory body is quite insistent on getting cryptocurrencies declared as securities so that they fall under the SEC’s purview. The agency’s severe action against certain crypto companies without any congressional oversight has drawn the interest of the U.S. House Financial Services Committee, which has recently summoned Gensler to a subcommittee hearing in April. 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 U.S. and South Korea are seeking the extradition of international crypto fugitive Do Kwon. Kwon, along with another suspect, was arrested last week in Montenegro. The Montenegrin Justice minister Marko Kovac said on Wednesday that the United States and South Korea had requested the extradition of Do Kwon. Kwon is a South Korean national who stands accused on charges of multibillion-dollar fraud related to the collapse of the Terra ecosystem in May 2022. The Terra co-founder was arrested in the Podgorica region of Montenegro last week. Minister Kovac said during a news conference that South Korea and the U.S. have officially requested Kwon and another suspect’s extradition. Kovac added the two suspects were charged in Montenegro with forging documents after they attempted to board a flight to Dubai. Montenegrin authorities charged Kwon and the second suspect – identified as Hon Chang Joon, with forging official documents. Reuters reports Kwon and Joon were found in possession of doctored Costa Rican passports, a second set of Belgian passports, laptops, and other devices. The Multiple Charges Against Do Kwon South Korean authorities charged Kwon in September for violating its Capital Markets Acts and issued a warrant for his arrest. Following investigations by numerous law enforcement agencies and having charges filed against him, the International Criminal Police Organisation, or Interpol, issued a red notice for Kwon. U.S. federal prosecutors indicted Kwon with two counts each of securities fraud, wire fraud, commodities fraud, and conspiracy hours after his arrest. Who Will Get Custody of Kwon? It is unclear who will get custody of Kwon, given that he faces criminal charges in several jurisdictions. Kovac explained that extradition proceedings would only commence after local courts have dealt with the charges against Kwon and Joon for their use of falsified documents. If Kwon and Joon are sentenced for the charges in Montenegro, they would have to serve this out before being extradited. Since more than one country has requested extradition for Kwon, Kovac said the decision ultimately lies with the courts. He explained: In the case when we receive several extradition requests, determining to which state they will be extradited is based on several factors like the severity of the committed criminal offense, the location and the time when the criminal offense has been committed, the order in which we have received the request for extradition and several other factors. A local court in Podgorica placed Kwon and Joon in a 30-day pre-trial detention. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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

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

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

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

In Todays Headline TV CryptoDaily News: EU Lawmakers vote in favor of payment limits on anonymous crypto wallets. Lawmakers on two key committees in the European Parliament have voted in favor of imposing limits on payments by unverified crypto users, as part of a large scale overhaul of money laundering laws. The plans, considered alongside measures to forbid businesses from accepting large cash payments and create a new European Union Anti-Money Laundering Agency. CFTC could force Binance to cease U.S. operations. The U.S. Commodity Futures Trading Commission could require Binance to cease operations in the U.S. as part of a potential settlement. The regulator sued the crypto exchange and its founder Changpeng Zhao for allowing U.S. citizens to trade derivatives and for willful evasion of the country’s laws. Binance's BUSD stablecoin suffers $500M outflow. Binance USD, a stablecoin pegged to the U.S. dollar, endured over $500 million in outflows in the roughly 24 hours since a U.S. lawsuit was filed against Binance and CEO Changpeng Zhao, data shows. BTC/USD gained 0.5% in the last session. The Bitcoin gained 0.5% against the Dollar in the last session. The Ultimate Oscillator is giving a positive signal. Support is at 25747.6667 and resistance at 28717.6667. The Ultimate Oscillator is currently in the positive zone. ETH/USD skyrocketed 3.4% in the last session. The Ethereum-Dollar pair skyrocketed 3.4% in the last session. The MACD is giving a negative signal, going against our overall technical analysis. Support is at 1640.0567 and resistance at 1817.3367. The MACD is currently in the negative zone. XRP/USD exploded 9.9% in the last session. The Ripple-Dollar pair rose 9.9% in the last session after gaining as much as 10.8% during the session. The MACD is giving a positive signal, which matches our overall technical analysis. Support is at 0.4237 and resistance at 0.5164. The MACD is currently in the positive zone. LTC dropped 0.8% against USD in the last session. The Litecoin fell 0.8% against the Dollar in the last trading session. The ROC is giving a negative signal. Support is at 84.3267 and resistance at 96.1667. The ROC is giving a negative signal. Daily Economic Calendar: US MBA Mortgage Applications The MBA Mortgage Applications released by the Mortgage Bankers Association presents various mortgage applications. It is considered as a leading indicator of the U.S Housing Market. The US MBA Mortgage Applications will be released at 11:00 GMT, the US EIA Crude Oil Stocks Change at 14:30 GMT, Germany's Gfk Consumer Confidence Survey at 06:00 GMT. US EIA Crude Oil Stocks Change The EIA Crude Oil stockpiles report is a weekly measure of the change in the number of barrels in stock of crude oil and its derivates, released by the Energy Information Administration. DE Gfk Consumer Confidence Survey The GfK Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity, making it an indicator of consumer spending. FR Consumer Confidence The Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity. The French Consumer Confidence will be released at 06:45 GMT, Japan's Foreign Bond Investment at 23:50 GMT, Japan's Foreign Investment in Japan Stocks at 23:50 GMT. JP Foreign Bond Investment The Foreign Bond Investment refers to bonds issued in a domestic market by a foreign entity in the domestic market’s currency. JP Foreign Investment in Japanese Stocks Securities investment referrers to bonds issued in a domestic market by a foreign entity in the domestic market’s currency. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

With the ink still drying on its Binance action, U.S. Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam reiterated Tuesday that he believes ether is a commodity – a potentially controversial assertion that seems to counter what his counterpart at the Securities and Exchange Commission (SEC) has contended.

2023 has already seen the Securities and Exchange Commission (SEC) swinging into enforcement action within the crypto space. With Q1 2023 almost over, the SEC has charged several individuals and crypto companies over crypto asset securities-related offences. In a March 22, 2023 press release, the SEC announced that it had charged Justin Sun and three […]

As the world becomes increasingly digitized, cryptocurrencies have emerged as a major force in the global economy. TMS Network (TMSN), Apecoin (APE), and EOS (EOS) are three cryptocurrencies that have recently joined forces in what many experts are calling the “Crypto Dream Team.” With unique features and innovative technologies, these coins are poised to achieve […]

The metaverse team at Disney has been laid off as a part of its company-wide staff reduction. What Is Happening To Metaverse Projects? Is the metaverse dream crashing? After Meta shelving its NFT project, Disney has been the next to cull its metaverse plans. According to the latest reports, the entertainment giant recently terminated 50 people who comprised its metaverse team in what the company is calling an attempt to control costs. CEO Bob Iger has called for the need for a streamlined business, and the company is in the process of laying off over 7,000 staff members from its entire roster as a part of this initiative. It looks like the metaverse team was just part of the casualties. It is clear that even Disney is not shielded from the economic downturn impacting large companies and has been forced to rethink expensive dream projects which are not bringing in any immediate revenue. Disney's Web3 Initiatives However, letting go of the metaverse team might indicate an issue deeper than the need to “streamline” business operations. It is clear that the company is questioning the continued value of Web3. The conglomerate had jumped on the Web3 bandwagon, much like all other major entertainment companies. Even though 2022 was a tough year for crypto, that was the year Disney chose to embark on its metaverse journey. The company started off by selecting Polygon as its blockchain partner. It also underwent rampant resource deployment for Web3 and started hiring initiatives for several positions; one of these include an in-house legal counseling position involving NFTs, blockchain, metaverse, and DeFi. Metaverse Shelved With Leadership Changes In February 2022, the former CEO of Disney, Bob Chapek, brought Mike White, who used to be the SVP of consumer experiences and platforms, to head the metaverse division. White was charged with spearheading Disney’s Web3 expansion by developing interactive storytelling using Disney’s extensive library of intellectual property. Soon after, in November 2022, Iger took over the company’s leadership from Chapek and, despite recent developments, appeared quite bullish on the metaverse. However, last month the company announced that budget cuts for around $5.5 billion would soon be happening in the company, which would mean eliminating around 7000 jobs as a part of a broader restructuring. The entire metaverse team, other than White, has been let go, according to reports. Although White has retained his job, it is uncertain what his new position at the company is going to be. 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.

THORChain developers are currently assessing the validity of the claim.

Market observers pointed out that the CFTC goes after the bigger fish, and its regulatory action often proves fatal for the crypto companies.

THORChain has once again halted its network, taking action as a precautionary measure while verifying reports on a potential network vulnerability.

The crypto exchange will look to safeguard its dominant international business, which is its cash cow, the report said.

The crypto market has had its fair share of ups and downs, but 2023 is witnessing a remarkable surge in new forces awaking such as TMS Network (TMSN). In fact, $TMSN is currently outperforming well-established tokens like Monero (XMR) and Cronos (CRO), leading to breathtaking gains. So, is there something wrong with investing in Monero […]