Oxycoin(OXY)

Bitcoin cash has been seen a proxy for the upcoming halving of rewards on the Bitcoin blockchain.

Broader crypto markets remained little changed over the weekend but some Ordinal ecosystems saw gains as a proxy bet for BTC.

Traders have been using meme tokens as a proxy bet on the growth of Ethereum or other blockchains.

WLD is considered a proxy bet on OpenAI, the Sam Altman-owned artificial intelligence company.

The issue apparently resulted from a fault in the interaction between Telcoin’s digital wallet and a proxy contract that incorrectly performed certain storage functions.

Meme coin SEIYAN – apparently a cult term for holders of the SEI token – has gained 400% in the past week, serving as a proxy for the growth of the broader Sei ecosystem.

The attack, however, was stopped before serious damage could occur.

Base project RocketSwap has shared an emergency plan with users as it looks to recover from a brute force hack that saw the protocol lose around 471 ETH, valued at around $865,000, on the 14th of August. The team behind the project also plans on reaching out to the hacker. The Emergency Plan The team at RocketSwap explained in a post on X on the 15th of August, stating that they planned to redeploy a new farm contract, following which it would be open-sourced on-chain. The team stated that they would also be relinquishing mining rights, mostly of RCKT, and also reach out to the hackers in an attempt to negotiate a return of the stolen assets, This approach was taken by Curve, and several other decentralized protocols following the Curve exploit. “The emergency programme agreed upon by the team is as follows. We plan to redeploy a new farm contract by dropping the proxy contract and open-sourcing it on-chain. The new farm will advance the production reduction plan by 0.075 per block. The team relinquishes minting rights and retains only low-risk rights to allocate new pools. Locked initial liquidity and 80k tokens will be extended for 1 year. The team will continue to roll out LaunchPad, with further updates planned. Telegram groups will be reopened after stabilization. Call on hackers to return assets to victims.” The RocketSwap Hack On the 14th of April, a hacker managed to steal around 471 ETH, bridging it from Base to Ethereum. The activity was flagged by blockchain security firm PeckShield. The hacker then created 90 trillion LoveRCKT tokens before transferring them to Uniswap, along with 400 of the 471 ETH initially stolen. PeckShield detailed the hack in a post on X, stating, “#PeckShieldAlert The @RocketSwap_Labs exploiter has grabbed ~471 $ETH and bridged them from #Base to #Ethereum, and then created the token $LoveRCKT, the exploiter already supplied 90T $LoveRCKT and 400 $ETH to #Uniswap.” RocketSwap eventually confirmed the news on the same day, with PeckShield and another blockchain security firm, CertiK, providing additional details about the hack a few hours later. The attack was attributed to a brute force attack on RocketSwap’s server, with the protocol stating, “As a result of the team’s investigation, We are sorry to inform you that the team needed to use offline signatures when deploying the launchpad and put the private keys on the server. A brute force hack of the server was detected, and due to the proxy contract used for the farm contract, there were multiple high-risk permissions that led to the transfer of the farm’s assets. We shut down the farm to prevent further damage. The team is currently working on an emergency plan, and the Telegram group has been banned for the time being. The loss of farm assets is only a concern, DEX is not affected in any way.” Growing Headaches On Base Coinbase’s layer-2 blockchain Base has faced several issues since commencing operations. LeetSwap, a leading decentralized exchange on the Base blockchain, suspended trading operations after flagging a security vulnerability in their factory, leading to the suspicion of compromised pool liquidity. The pause was done so that the team could investigate the issue further. PeckShield reported that around 340 ETH was exploited from liquidity pairs on Base, showing the gravity of the prevailing situation. Prior to the pause in trading by LeetSwap, the BALD memecoin suffered a significant drop in value. The crash occurred after the token’s developer withdrew 6800 ETH, valued at around $12.5 million, from the liquidity pools on LeetSwap, raising several eyebrows and compounding the list of issues faced by LeetSwap. Furthermore, Coinbase is also dealing with its own set of regulatory challenges after finding itself as a target of the United States Securities and Exchange Commission (SEC). The Securities and Exchange Commission has ordered Coinbase to stop all crypto trading, except for that of Bitcoin. When Coinbase questioned the decision made by the regulatory body, Coinbase filed a lawsuit against the exchange. 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.

Base project RocketSwap has shared an emergency plan with users as it looks to recover from a brute force hack that saw the protocol lose around 471 ETH, valued at around $865,000, on the 14th of August. The team behind the project also plans on reaching out to the hacker. The Emergency Plan The team at RocketSwap explained in a post on X on the 15th of August, stating that they planned to redeploy a new farm contract, following which it would be open-sourced on-chain. The team stated that they would also be relinquishing mining rights, mostly of RCKT, and also reach out to the hackers in an attempt to negotiate a return of the stolen assets, This approach was taken by Curve, and several other decentralized protocols following the Curve exploit. “The emergency programme agreed upon by the team is as follows. We plan to redeploy a new farm contract by dropping the proxy contract and open-sourcing it on-chain. The new farm will advance the production reduction plan by 0.075 per block. The team relinquishes minting rights and retains only low-risk rights to allocate new pools. Locked initial liquidity and 80k tokens will be extended for 1 year. The team will continue to roll out LaunchPad, with further updates planned. Telegram groups will be reopened after stabilization. Call on hackers to return assets to victims.” The RocketSwap Hack On the 14th of April, a hacker managed to steal around 471 ETH, bridging it from Base to Ethereum. The activity was flagged by blockchain security firm PeckShield. The hacker then created 90 trillion LoveRCKT tokens before transferring them to Uniswap, along with 400 of the 471 ETH initially stolen. PeckShield detailed the hack in a post on X, stating, “#PeckShieldAlert The @RocketSwap_Labs exploiter has grabbed ~471 $ETH and bridged them from #Base to #Ethereum, and then created the token $LoveRCKT, the exploiter already supplied 90T $LoveRCKT and 400 $ETH to #Uniswap.” RocketSwap eventually confirmed the news on the same day, with PeckShield and another blockchain security firm, CertiK, providing additional details about the hack a few hours later. The attack was attributed to a brute force attack on RocketSwap’s server, with the protocol stating, “As a result of the team’s investigation, We are sorry to inform you that the team needed to use offline signatures when deploying the launchpad and put the private keys on the server. A brute force hack of the server was detected, and due to the proxy contract used for the farm contract, there were multiple high-risk permissions that led to the transfer of the farm’s assets. We shut down the farm to prevent further damage. The team is currently working on an emergency plan, and the Telegram group has been banned for the time being. The loss of farm assets is only a concern, DEX is not affected in any way.” Growing Headaches On Base Coinbase’s layer-2 blockchain Base has faced several issues since commencing operations. LeetSwap, a leading decentralized exchange on the Base blockchain, suspended trading operations after flagging a security vulnerability in their factory, leading to the suspicion of compromised pool liquidity. The pause was done so that the team could investigate the issue further. PeckShield reported that around 340 ETH was exploited from liquidity pairs on Base, showing the gravity of the prevailing situation. Prior to the pause in trading by LeetSwap, the BALD memecoin suffered a significant drop in value. The crash occurred after the token’s developer withdrew 6800 ETH, valued at around $12.5 million, from the liquidity pools on LeetSwap, raising several eyebrows and compounding the list of issues faced by LeetSwap. Furthermore, Coinbase is also dealing with its own set of regulatory challenges after finding itself as a target of the United States Securities and Exchange Commission (SEC). The Securities and Exchange Commission has ordered Coinbase to stop all crypto trading, except for that of Bitcoin. When Coinbase questioned the decision made by the regulatory body, Coinbase filed a lawsuit against the exchange. 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.

Over-the-counter desk balances are widely considered a proxy for institutional activity.

Enforcement authorities in China’s northern province of Shanxi have uncovered an alleged USDT money laundering scheme amounting to over $55 million. According to local news reports, the police have arrested 21 individuals in connection with the money laundering ring. A Major Bust The laundering operation came to light when authorities in Qinshui County observed that a bank account operated under the name of Mouyue Zhao had a highly erratic flow of funds. This abnormal flow of funds sparked suspicions of money laundering, leading to the police launching a thorough investigation. The investigation revealed staggering details about how an organized group of criminals had been orchestrating an over-the-counter (OTC) trading ring involving USDT since October 2021, according to a report by China’s national broadcasting service. USDT is the world’s largest stablecoin and has its value pegged to the US Dollar. It is operated by Tether Limited Inc. Modus Operandi Investigators revealed that the accused individuals operated across four provinces, purchasing USDT at a low price and then selling it at higher prices through WeChat groups and money laundering platforms and making significant illegal profits. Authorities stated that the laundering operation had completed transactions totaling nearly $55 million over the nearly three-year period of their operations. Authorities were able to track down members of the operation across six cities in the provinces of Jiangxi, Henan, Guangxi, and Anhui. Over 50 officers were dispatched to arrest the perpetrators. Along with the arrests, the police also seized over 40 mobile phones, along with 200,000 yuan ($28,000) in cash and over 1 million yuan worth of USDT ($140,000). Suspects Confess The suspects were interrogated by the authorities and, according to local news agencies, have confessed to the accusations made against them. The accusations include facilitating the conversion of the Chinese Yuan to USDT and helping criminals launder their money. However, the case is still open and remains under investigation. According to the authorities, USDT has quickly become a preferred choice for crypto money launderers thanks to the ease and anonymity that it offers. China’s Stance On Crypto China has historically taken a tough stance against crypto. However, the country’s stance comes as no surprise to long-time observers of the crypto space. Chinese citizens first caught wind of cryptocurrencies in 2011 thanks to the centralized exchange Bitcoin China, set up by Bobby C. Lee. Bobby C. Lee is the brother of Litecoin’s Charlie Lee. During the early days of Bitcoin, Bitcoin China was responsible for a significant chunk of the global Bitcoin trading activity. Bitcoin soon became widely accepted in China, with businesses beginning to accept it as payment. However, 2013 saw China’s first attempt at stifling the crypto space in the country, even though Bitcoin adoption was skyrocketing, with the People’s Bank of China prohibiting banks from holding or transacting in digital currencies. However, Chinese citizens could still buy, send, and store crypto. During the 2017 bull run, Chinese authorities put further sanctions on the crypto space, outlawing all platforms offering ICOs (Initial Coin Offerings). Additionally, authorities also forced several exchanges to shut down operations. In 2021, Chinese officials banned crypto mining, effectively crippling the industry in China. The impact on the markets was severe, with Bitcoin’s hash rate falling to 50% and its price registering a dramatic drop. Along with the ban on mining, authorities also outlawed all crypto trading and transactions. Additionally, anyone working with Chinese firms associated with the crypto space could potentially face jail time. However, despite all these hurdles, Chinese citizens can still access cryptocurrencies through proxy internet servers and decentralized finance (DeFi) platforms. 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.

Decoding the Poly Network Exploit: Key Lessons in Smart Contract Security The DeFi world was rocked recently as Poly Network, a decentralized finance protocol that facilitates asset transfers across various blockchains, fell prey to its second major hack. This incident is a stark reminder of the critical role of smart contract security in the rapidly evolving DeFi and crypto industry. On July 2nd, a breach affected Poly Network, with the exploit potentially impacting as many as 57 different asset types across 10 blockchains. According to security analysts, hackers allegedly leveraged a vulnerability in the smart contract system that allowed thgem to mint an unlimited amount of tokens. An estimated $42 billion worth of tokens were minted, although only about $5 million have been reportedly cashed out. Poly Network isn't alone in its security woes. The DeFi and Web3 space has been marred by a series of similar exploits, with millions of dollars worth of digital assets lost to hackers. Many of these attacks, like the one against Poly Network, have leveraged vulnerabilities in smart contract systems. These programmable agreements, which execute transactions automatically when predetermined conditions are met, are a cornerstone of the DeFi ecosystem but also a prime target for cybercriminals. Severity of the Exploit: Understanding the Consequences The Poly Network hack underscores the severity and potential consequences of smart contract vulnerabilities. In the immediate aftermath, the total value locked on Poly Network plunged from $277 million to $176 million, a clear indication of the loss in user confidence. The ripple effects of such an incident can be wide-ranging, from an erosion of trust in the protocol to a broader negative impact on the DeFi market. Such a hack also highlights the risks involved in the relatively new field of cross-chain transactions. As more DeFi platforms aim to enable seamless transactions across various blockchains, ensuring the security of these cross-chain protocols is a challenge that cannot be overlooked. Analyzing the Exploit: Unpacking the Technical Details The recent Poly Network exploit underpins the role of effective security measures in ensuring the integrity of blockchain networks, especially given the sophistication and complexity of the attack vectors involved. By forging proofs and potentially compromising private keys or executing a multi-signature service attack, the hacker was able to manipulate the LockProxy cross-chain bridge contract. To begin with, the attacker used the lock function to lock a small amount of Lever Token. The subsequent transaction, viewed on the Poly Network explorer, indicated that the action had been validated through the relay chain. However, when the hacker moved to the BNB chain and initiated withdrawal operations via the verifyHeaderAndExecuteTx function, the withdrawal quantity did not match the originally locked amount. Further examination of the relay chain network did not show any records of this transaction. At this point, two possibilities were considered: the leakage of signatures or the modification of keepers, entities responsible for signing user withdrawals. Controlling a keeper would allow the attacker to initiate withdrawals with forged signatures, leading to unauthorized transactions. Analyzing the attacker's use of the verifyHeaderAndExecuteTx function indicated that keepers had not been modified, directing the suspicion towards compromised keeper private keys or a multi-signature service attack. Following the trail, three keepers were identified as potential compromise victims, underlining a significant security risk. If proven true, this would mean the attacker could initiate withdrawals and create seemingly valid transactions, bypassing the protocols' security measures. Such an exploit demonstrates the need for advanced security strategies, including enhanced private key management and robust signature verification processes. If overlooked, these vulnerabilities can provide potential entry points for attackers to exploit and wreak havoc on blockchain networks, as illustrated by the Poly Network case. With the DeFi and crypto industry still at an early phase of developmental maturity, it's vital for protocol developers to continuously learn from such incidents, fortifying their systems against potential breaches, and upholding user trust. Addressing Smart Contract Vulnerabilities Smart contract vulnerabilities can be mitigated, albeit not entirely eliminated. An effective approach involves a combination of preventive measures and reactive strategies. Preventive measures include rigorous testing of smart contracts before deployment and regular audits by external security firms. These audits can help identify and rectify vulnerabilities before they can be exploited. Code review and bug bounty programs, where programmers are rewarded for discovering and reporting software bugs, can also be instrumental in fortifying smart contract security. From a reactive standpoint, developers can use upgradeable smart contracts that allow for the modification of the contract's code post-deployment. This feature can be crucial for responding swiftly and effectively to discovered vulnerabilities. Moving forward, it's clear that smart contract security must be at the forefront of DeFi protocol development. As the case of Poly Network demonstrates, the stakes are high, and the fallout from a breach can be devastating. By embracing rigorous security measures and continually learning from past incidents, the DeFi industry can help mitigate these risks and foster a more secure and resilient ecosystem. 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.

Due to fear of attacks from the U.S. SEC, investors are selling cryptocurrencies, and some companies have begun utilizing this opportunity to aggressively increase their holdings of coins and tokens while their prices are low, hoping that after fears end, they will increase in value. Now, big institutions are increasing their Bitcoin exposure even though the prices have begun plummeting toward the red zone. Alongside all of this, Tradecurve, an upcoming hybrid exchange, has been forming a bullish pattern. >>BUY TCRV TOKENS NOW<< Why Large Companies Are Bullish on Bitcoin Throughout the recent months, large corporations have injected huge amounts of liquidity into MicroStrategy, and some of the largest companies to do so include BlackRock and Fidelity, alongside Bank of America. For corporations that are not interested in buying Bitcoin directly, MicroStrategy shares typically serve as a reliable proxy investment, with the goal of getting exposure to the price performance of BItcoin. BlackRock and Fidelity are the top five stock owners of the company, as reported by CNN. With all of that taken into consideration, Bitcoin has been trading at a value of $25,528.55 as of June 16, 2023. In the last week, the low point for the Bitcoin cryptocurrency was at $24,864.61, while the high point was at $26,653.24. Moreover, the all-time high of Bitcoin occurred on November 10, 2021, at $69,044.77, indicating that the cryptocurrency now trades 62.96% under this point of value. In the last 30 days, Bitcoin decreased in value by 4.9%, while in the last 24 hours, it saw an increase of 2.4%. Tradeucurve Has Begun Forming a Bullish Price Pattern After the large accumulation of the Bitcoin cryptocurrency by BlackRock, Fidelity, and Bank of America, it is clear that interest in the blockchain space has spiked, and Tradecurve has also seen a bullish outlook as a direct result of this. The TCRV token spiked by 20% in the previous week, and analysts predict that it can spike 50% by the end of June. Tradecurve is an emerging player in the online trading ecosystem, and it is undergoing its presale run, offering a unique proposition for investors and traders. The platform combines derivatives and crypto trading within a single platform and eliminates any sign-up KYC checks, prioritizing privacy. On Tradedcurve, users from all around the world can trade all derivatives from a single account just by opening one using their email, lining a crypto wallet, and making a deposit. What differentiates Tradecurve from its peers is also the implementation of features such as algorithmic trading using AI and its implementation of Proof of Reserves (PoR). With PoR, transparency is prioritized, and with AI trading bots, trades can be executed a lot quicker and more efficiently when compared to manual trading. Analysts are bullish on the future of TCRV as well and predict a climb of 100x, especially when it gets listed on TIer-1 exchanges and on Uniswap. During Stage 3 of the presale, TCRV traded at $0.015, and now at Stage 4, its price spiked by 20% to $0.018, indicating a bullish pattern. The presale stage kicked off with a flying start, as even after a day, 4,810,042 TCRV tokens have already been sold, indicating that interest is high in the project. For more information about the Tradecurvepresale: 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.

Retail investors with any &lsquo;savings&rsquo; must be wondering where on earth they are going to put them in order to survive the potential armageddon to come. Few understand what is coming financially The fact probably needs to be faced that the vast majority of the world&rsquo;s citizens still have no clue of the financial maelstrom that will hit them at some point over the next few months or years. Governments take advantage of, and it probably could be argued that they encourage, the ridiculously low level of financial education among the citizenry in general. If it weren&rsquo;t for various internet platforms even those who do want to know what is really happening would just be stuck with media such as television where even the most benign debates are just a circus show and an excuse for proper economic conversations among experts. Holding fiat will not protect you So back to the savings, a process once viewed as a perfectly normal and intelligent thing to do. Anyway, people still do it, probably blissfully unaware of how what they have saved has reduced in purchasing power - the more drastically the longer it has been saved. It could probably be safely argued that in general keeping one&rsquo;s currency in traditional areas such as bonds, stocks, and even in real estate, will not protect the wealth of the individual if the worst is to happen. What could that &lsquo;worst&rsquo; be? That doesn&rsquo;t come into the scope of this article, but suffice to say that a black swan, such as a really bad recession, could lead to governments having the excuse they need to impose their central bank digital currencies (CBDCs), and then also bring in their &lsquo;great reset&rsquo;, which could make the existing fiat currency worthless. That sort of scenario and how it might be survived is indeed food for thought. A traditional hedge Traditionally, in order to add some measure of protection and insurance to one's portfolio, gold is the asset to have. This is still true today, although with the caveat that the gold price is still arguably manipulated by banks. Even so, gold should at least protect what you have. Bitcoin even better? This finally brings us to Bitcoin, an asset that is similar to gold, in that it has a scarce supply, and cannot be debased, although it must be recognised that gold does have a 2% inflation each year which is equivalent to the newly mined supply that is added to the total of above ground stocks. Contrary to this, Bitcoin has a halving every 4 years that is built into the code, and this cuts the supply in 2. Add to this the portability of bitcoin - it recognises no national borders and can be sent to anyone in any country in the world, cheaply and without any bank, regulatory agency or government being able to say no. Gold and silver have had their prices manipulated on the Western LBMA and COMEX exchanges for decades, so even though they are sound money they have been able to be controlled by the big banks. Bitcoin is outside of the system so the banks and government cannot do much about it. However, the recent Blackrock Bitcoin Spot ETF filing could be a first step for government, through the proxy of the world&rsquo;s largest asset manager, to be able to start exerting some control over Bitcoin should at least one scenario play out. Now is a time for decision We have arrived at the junction of a new world order and what the average investor does now can go a long way towards protecting them in what is likely to be a very different monetary system. Bearing in mind that all fiat currencies in history have always gone to zero, it will be incumbent for every investor to watch their government and central bank very closely and to do their research on the options that might protect them. 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.

Polygon, the renowned Ethereum scaling solution, recently proposed a new decentralized governance model aimed at enhancing its network's security, upgradeability, and robustness. This proposal, revolving around the establishment of an "Ecosystem Council," will redefine how system smart contracts within the Polygon environment are managed and upgraded. This proposal indicates the continuous efforts by Polygon to strike a perfect balance between community-driven governance and efficient decision-making in a decentralized network. A New System for Decentralized Governance System smart contracts represent a fundamental element of the blockchain infrastructure. They can directly or indirectly influence user funds and the infrastructure's functioning. A crucial aspect of these contracts is their upgradeability, which allows seamless migration to improved versions under specific circumstances. The importance of this feature is evident in various Layer 2 (L2) solutions, such as Optimism, Arbitrum, and zkSync, where an efficient means of patching bugs and upgrading pivotal architecture components is required. According to the proposal, the Ecosystem Council would comprise technically proficient and value-aligned individuals, elected and removable by the community. This council will be responsible for performing timelock-limited upgrades to system smart contracts across Polygon networks, such as Polygon PoS and zkEVM. For example, in the case of non-emergency or routine proposals, the council will make a proposal and proceed with the timelock as usual. On the other hand, if there is a perceived threat to user funds due to potential vulnerabilities in smart contracts, the council will enact an Emergency State, freezing transactions to protect assets. The Polygon community will be empowered with three competencies: the election and removal of Ecosystem Council members, the ability to exit an Emergency State, and the power to veto any upgrade proposed by the Ecosystem Council. This model is expected to increase community engagement while retaining a level of control to prevent malicious activities. The Ecosystem Council: Balancing Efficiency and Decentralization The proposed model suggests the creation of an Ecosystem Council, a group consisting of reputable, technically adept, and value-aligned individuals. These individuals would be democratically elected by the community and could also be removed by them. The council's primary role would be to perform timelock-limited upgrades to the system's smart contracts across the Polygon networks, including the Polygon PoS and zkEVM. The governance model will allow the council to handle both routine and sensitive proposals. In the case of routine proposals, the council will make a proposal and proceed with the standard timelock protocol. However, if a potential vulnerability poses a risk to user funds, the council will enact an Emergency State, freezing transactions to protect the funds. To maintain a balance between efficiency and community engagement, Polygon proposes empowering the community with several competencies. These include the power to elect and remove Ecosystem Council members, the ability to exit the Emergency State, and the authority to veto any upgrade proposed and scheduled by the Ecosystem Council. By bestowing the community with these powers, Polygon hopes to increase the overall community engagement while maintaining a level of centralized control to prevent malicious activities. Navigating the Transition: Inviting Community Input While the proposed model promises improved governance and security, its rollout must be gradual and well planned, especially considering the live nature of the blockchain. To ensure a seamless transition, the Polygon team is inviting its community to participate in the process, providing feedback, and assisting in answering open questions. The community is particularly encouraged to contribute ideas regarding incentivizing participation in the model and establishing a robust and secure voting mechanism. Decisions around these aspects, like the general design principles, voting power proxy, and architecture, will be crucial to the model's success. The team is also considering the use of the $MATIC token as a voting power proxy, which would provide broad ecosystem inclusion and legitimize the Ecosystem Council. Polygon's proposed Ecosystem Council represents an exciting step towards more robust, efficient, and community-driven governance of system smart contracts. By integrating elements of both centralized and decentralized decision-making, the model aims to bring the best of both worlds to the Polygon network. This move could help Polygon maintain its reputation as a leading Layer 2 solution, offering an improved governance framework that values efficiency, security, and community inclusion. 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.

Road Town, BVI, June 1st, 2023, ChainwireLBank Exchange, a global digital asset trading platform, will list Floxypay (FXY) on Jun 1, 2023. For all users of LBank Exchange, the FXY/USDT trading pair will be officially available for trading at 10:00 UTC on Jun 1, 2023.Floxypay, a crypto platform designed to facilitate cryptocurrency exchange, crypto wallet management, and seamless integration with the travel industry for hotel and flight bookings using cryptocurrencies. Its native token, FXY, will be listed on LBank Exchange at 10:00 UTC on Jun 1, 2023, with the goal of expanding its global footprint and supporting the realization of its forward-thinking objectives.Introducing FloxypayLBank Exchange is thrilled to announce the upcoming listing of Floxypay (FXY), a crypto assets trading platform for facilitating cryptocurrency-related transactions, crypto wallet management, and seamless integration with the travel industry for hotel and flight bookings using cryptocurrencies.FloxyPay offers top-class crypto payment solutions that can catapult businesses to success by providing seamless global payment experiences. With a focus on both crypto and fiat currencies, FloxyPay ensures that customers have a secure and efficient payment process.FloxyPay offers a seamless global crypto payment experience, accepting and processing cryptocurrencies from anywhere. With diverse solutions, flexible 24/7 support, and scalable API integration, businesses can manage crypto payments effortlessly. FloxyPay ensures independent, transparent transactions with no chargebacks and multiple crypto options. Their global payment gateway guarantees secure transactions, low fees, and multi-currency support. For gaming businesses, FloxyPay provides fraud prevention and customized payment solutions. FloxyPay will also offer a user-friendly multi-cryptocurrency wallet with enhanced security features in the near future.About FXY TokenBased on Polygon ERC-20, FXY has a total supply of 100 billion (i.e. 100,000,000,000) tokens. Holding and utilizing FXY tokens unlocks a range of exciting benefits, creating a rewarding experience for the platform users. It will be listed on LBank Exchange at 10:00 UTC on Jun 1, 2023, investors who are interested in FXY can easily buy and sell it on LBank Exchange by then. The listing of FXY token on LBank Exchange will undoubtedly help it further expand its business and draw more attention in the market.Learn More about FXY Token:Official Website | Telegram | Twitter | LinkedIn | Medium | Facebook | Instagram | 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 lTwitter lFacebook lLinkedIn lInstagram lYouTubeContactLBK Blockchain Co. [email protected]

Alex Grebnev, CEO of the Maps.me (MAPs) and Oxygen (OXY) cryptocurrency projects closely linked to Sam Bankman-Fried’s failed FTX empire, is being sued by Gregory Fishman, reportedly an owner of crypto news site CoinTelegraph on allegations of fund misappropriation.

2022 was marked with some major shocks to the global blockchain industry that encountered another enduring &lsquo;crypto winter&rsquo;, the collapse of TerraUSD and Luna, and FTX&rsquo;s filing for bankruptcy. But despite this, the technology itself is here to stay for good and keeps improving, promising even more disruptive use cases for digital banking, finance, and cybersecurity in 2023. This year is supposed to become transitional for many since the blockchain sector will only strengthen its positions in society and the economy, reaching the market size of $4.7 billion. All that would be impossible without substantial and meaningful contributions from blockchain and Web3-oriented innovators. Today Crypto Daily is delighted to celebrate the most promising of them by unveiling our premiere edition of 35 Under 35 list &ndash; we scoured crypto Twitter, LinkedIn and Product Hunt to pick up far-sighted startup founders, developers, C-level and media executives, as well as bloggers, marketing and PR adepts. So without further ado, sit back and check out the honorees for 2023. Mike Ermolaev, Founder, Outset PR Mike Ermolaev gained recognition for his trailblazing work in blockchain PR and journalism. His most notable work includes in-depth market analytics for Cointelegraph and exclusive signature series &lsquo;Crypto Opinion with Mike Ermolaev&rsquo; for Benzinga.com, under which Mike has interviewed blockchain influencers like Jimmy Song and world-famous celebrities including Prince Philip of Serbia and French Montana. Meanwhile, Ermolaev has handled PR and communications at ChangeNOW, FutureComes, and Kikimora Labs. This joint expertise resulted in launching his own Outset PR agency. Taras Dovgal, VP of Products, M&uuml;nzen Taras Dovgal is a serial entrepreneur with years of coding experience. Before stepping into the crypto space in 2017, Taras founded several successful fintech startups. Having led a range of industry-defining initiatives, from DeFi projects to CBDCs to venture studios, he is a prominent figure among crypto entrepreneurs. Currently, Dovgal is the VP of Products at M&uuml;nzen, an enterprise-focused crypto processing platform. He has achieved this ambition through prolific networking, innovative content, and vocal advocacy for the blockchain movement. Serge Baloyan, Founder, X10 Agency Serge Baloyan is the visionary founder of X10 Agency offering crypto and NFT marketing services. With an impressive portfolio boasting collaborations with over 150 projects, Serge's extensive experience positions him as one of the most seasoned experts in the field. Baloyan's insightful predictions, like the NFT boom before many even knew what it is, highlight his deep industry knowledge. He is also a keynote speaker at global conferences, shaping the future of blockchain and inspiring others along the way. Marat Minkin, Founder, TONBanking Marat Minkin is a successful entrepreneur and blockchain evangelist. He founded TONBanking, a banking services startup that connects sellers with buyers on Telegram, authored the TON Community Manifesto, and created the Dubai TON community. Alongside his work in blockchain, Minkin is committed to philanthropy, environmental activism, and a healthy lifestyle as a passionate golfer. Marat&rsquo;s expertise in marketing and blockchain-based financial services has made him a sought-after speaker and thought leader, driving the adoption of decentralized finance. Aler Denisov, CEO, Tookey Aler Denisov brings a wealth of experience to his role as CEO of Tookey.io, an open-source private key management infrastructure fortified by MPC-TSS, backed by Aave DAO and Stacks Foundation. Prior to this, as CTO, Aler spearheaded secure key management across numerous crypto projects. His portfolio includes Oxygen, Solana's first lending platform; Eywa, a groundbreaking decentralized oracle network; and GP7, a robust wallet for both private and corporate use. With Tookey.io, Denisov democratizes access to top-tier security technologies, safeguarding crypto assets from unauthorized access. Gleb Alekhin, COO, FinchPay Fueled by the profound experience in IT digital projects, strategic management and service delivery, Gleb Alekhin is currently maintaining operational excellence as COO of FinchPay, a crypto on-and-off-ramp platform. Since moving to the position in 2022, he has streamlined the company&rsquo;s in-house processes, while also having upgraded customer experience and overall quality of service. Apart from his tech expertise and hard skills, Alekhin proved to have two more superpowers which are building and managing high-performing teams and mentoring. Oleg Pivovarenko, CEO, 2PMarketing In his role as CEO of 2PMarketing agency, Oleg Pivovarenko is in charge of curating the development of marketing campaigns for Web3, blockchain, fintech, and gambling brands. Having worked in digital marketing for 14 years, 8 of which he has been engaged in blockchain marketing, Oleg has implemented data-driven strategies for over 130 projects, including the world&rsquo;s leading crypto exchanges like Binance, KuCoin, and Nominex. With 2PMarketing, Pivovarenko&rsquo;s mission is to drive tangible results, connecting cold numbers with audience psychology. Eugene Ipatko, Member of the Board of Directors, EHOLD Since entering the crypto market in 2017, Eugene Ipatko&rsquo;s influence on blockchain can&rsquo;t be understated. He co-founded WeWay, the platform that has catalyzed crypto adoption faster than ever thought possible with the best base of KOLs and influencers in the world. Subsequently, Ipatko&rsquo;s creation of WePad broke new ground in community-driven, transparent IDOs. Eugene has also enjoyed huge successes in his role as CEO at TrendLine Global and Member of the Board of Directors of EHOLD. Leon-Ardo Salamatin, CMO, 2PMarketing Leon-ardo Salamatin has over 7 years of experience in digital marketing, representing industries such as blockchain, fintech, gambling, adult, and SaaS. In 2020, Leon-ardo launched MediaManager, a company that drives sales for businesses using tailor-made marketing strategies. In parallel, as CMO of 2PMarketing, he is involved in developing creative and practical approaches for each client individually. Salamatin&rsquo;s portfolio includes the blockchain industry&rsquo;s giants like Huobi and OKEx, two premier crypto exchanges; as well as Mtrading, a major stock market broker. Vivian Cheng, CEO, Relatance As the CEO of Relatance, a global PR agency, Vivian Cheng has been instrumental in helping brands in the blockchain space achieve unparalleled success through effective communications strategies. Vivian's commitment to excellence has empowered her to assemble and lead a talented global team of professionals. Her expertise in go-to-market strategy and execution has enabled major brands to achieve recognition and growth in Europe, Latin America, Asia, Africa, and beyond, driving results and impact in the fast-paced world of new technology. Raghav Sawhney, Founding Director, Wasserstoff Over years of experience in the industry, Raghav Sawhney has catered to the marketing and technical needs of more than 350 companies and individuals. In his founding roles, he is running Wasserstoff, a tech incubation company that ensures frictionless growth of tech startups; BTC Wires, a blockchain news platform; and Blockchain PR Buzz agency. Raghav is also working on UATU, a backend solution for developers, but doesn&rsquo;t plan to stop there, as ChainScan and Wires Media are scheduled to launch soon. Filip Maloca, Founder, TopDog Society Filip Maloca started out his Web3 career in 2017, from there building and running nine successful marketing campaigns for Ethereum-based NFT collections as well as progressing to devising marketing campaigns for DAOs, DeFi Protocols, and an L1 Multichain network. Recently he&rsquo;s taken on the role of co-founder at SourceFeed, an AI-driven news platform for Web3, solving the problem of information overload and discovery in the industry. The project is currently fundraising and building a community via the launch of the TopDog Society NFT. Jo&atilde;o Fouad, CEO & Founder, Highline Venture Builder Diagnosed as a rebel by his parents, Jo&atilde;o Fouad always seeks to break the status quo and build new realities based on innovations in the companies he went through and founded. An international cutting-edge speaker and mentor, Jo&atilde;o has been a disruptive entrepreneur since he was 16, specializing in finance, investments, business intelligence, e-commerce, and the startup ecosystem. Fouad now leads Highline Venture Builder, an international hub dedicated to promoting new millionaire businesses and technologies for the Web3 and blockchain era. Simon Cowell, Andr&eacute; Neves and Christian Moss, Co-founders, ZEBEDEE Inspired by the thesis that virtual activity will represent the majority of the future metaverse economy, Simon Cowell, Andr&eacute; Neves and Christian Moss joined their efforts to establish ZEBEDEE in 2019. The company aims at streamlining blockchain game payments, creating tools and infrastructure for the interaction and exchange of value between players, creators, streamers, and watchers. The founders&rsquo; executing, engineering, and Bitcoin game developing skills complement each other well, giving a boost to a rapid rise of their common brainchild. Nikita Bogdanov, CEO, SpiritMe Nikita Bogdanov is a result-focused entrepreneur and product owner who has dedicated over 9 years of his life to building world-changing projects across some emerging industries like AI, machine learning, and metaverse. Bogdanov&rsquo;s portfolio features managing several digital products such as Visper and BestVision. An outstanding startup mindset helped him to launch and untwist SpiritMe, the service that is currently making waves, generating realistic videos where look-alike digital avatars say users&rsquo; texts and mimic their voices and emotions. Mounir Laggoune, CEO, Finary Mounir Laggoune worked at Trainline, Captain Train and Yoopies before becoming the CEO of Finary. His compelling vision of blockchain technology and unique approach to entrepreneurship allowed Mounir to introduce a startup that reimagines private banking and makes financial success available to a new generation of funders. Laggoune is also an angel investor to a number of digital products including Freetrade, a commission-free investment platform. Outside of the office, he advocates a healthy lifestyle, often cycling and playing tennis. Rohit Sharma, Anurag Meena and Viren Baid, Co-Founders, Fitmint In early 2022, Rohit Sharma, Anurag Meena and Viren Baid launched Fitmint, a killer move-to-earn app that rewards users with crypto and NFTs for staying fit. The founding trio divided between them the responsibilities for product and finance, technology and marketing, respectively, delivering a global product built out of India. Prior to this, in August 2021, Rohit and Anurag teamed up to embark on their crypto entrepreneurial journey by co-founding Cryptonuke, a news-based cryptocurrency trading tool. Tomas Jasovsky, CEO, AhoyConnect With over a decade of experience and 9 companies under his belt, Tomas Jasovsky has been working as CEO of AhoyConnect and AhoyTeam for about 2 years. Both these rockstar startups are dedicated to boost growth of Web3 communities by offering holistic and easy-to-use analytical tools. Jasovsky&rsquo;s business success was honored by Forbes Slovensko 30 under 30 where he got featured as one of the most influential Slovacs for redefining and setting trends in the startup and technology fields. Greg Mustreader, Blogger, Co-founder, TGS Greg Mustreader is known for his blogs and podcasts, with 130,000 subscribers on TikTok and featured topics such as AI, Web3, and tech trends. Guests of his podcast, also available in video form on YouTube, include Aubrey DeGrey, Robert Sapolsky, Peter Singer, and many others. The podcast is dedicated to tech trends and the future of humankind. Greg is also a co-founder at TGS, a marketing studio focused on growing Web3 companies by producing content and influencer collaborations. Chris Maddern and Christine Hall Brown, Co-founders, Floor Chris Maddern, ex-Button, Venmo and LinksDAO, and Christine Hall Brown, former crypto COO at Robinhood, started Floor in 2022, with the mission of making NFTs understandable and accessible en masse. The entrepreneurial duo partnered with the Solana Foundation to provide Web3 newbies with a full-service app for enjoying intuitive experience with Solana and Ethereum-based NFTs. Maddern&rsquo;s and Brown&rsquo;s hallmark is a passionate belief that they build the products and community that bring real value to Web3 and foster its global adoption. Abhishek Kumar, CEO, NeoFi Abhishek Kumar takes on the CEO position at NeoFi, a brand new platform that empowers retail investors with secure and easy management of their long-term crypto portfolios. Being responsible for strategy and product development, Abhishek leverages his extensive expertise in building global projects to attract the next billion users to the blockchain space. Kumar&rsquo;s previous experience includes working as a senior engineer at Oracle, a cloud tech company, and developing next-gen web applications as software engineer at Senseforth Technologies. Shant Kevonian, CEO & CTO & Founder, EtherMail Shant Kevonian is a tech-advanced entrepreneur who is incredibly versed in bringing early and medium-stage companies to mass-markets. Shant was previously recognized for his analytical, managerial, and technical skills across a number of C-level positions such as CTO of eco-conscious brands cang.eco and Youtiful.net. Now Kevonian combines the functions of CEO and CTO of EtherMail, a Web3 email solution ensuring fully anonymous P2P communication. Here, he is in charge of executing the company&rsquo;s growth strategy and everyday operations. Alexander Thomsen, Founder, Moonbit Alexander Thomsen is the founder of Moonbit, a robo-advisory platform rocking the cryptocurrency investing arena. The startup aims to build intelligent portfolios that use on-chain, technical, statistical and macro data for optimizing risks and returns. Having invested himself in various digital assets since 2017, Alexander is well aware of how to create an excellent solution that will facilitate onboarding of Web2 users to crypto investing. So at Moonbit, Thomsen is dedicated to making investment management as stress-free as possible. Patrick and John Collison, Co-founders, Stripe The Collison brothers, Patrick and John, are out to amplify the future of Stripe, a global payment provider that has recently introduced its fiat-to-crypto on-ramp. At his role of CEO, Patrick oversees engineering and fulfills representative functions, while John serves as the company&rsquo;s president. They fleshed out the idea of Stripe when both studied at MIT and processed their first payment while vacationing together in South America. Today Stripe keeps growing exponentially, securing partnerships with tech giants like Meta. Ilan Rakhmanov, Founder, ChainGPT Ilan Rakhmanov is keen on developing cutting-edge technology solutions that transcend all imaginable boundaries. In late 2022, Ilan kicked off ChainGPT, a sophisticated AI model for the blockchain industry which is applicable in trading, risk management, and analytics. Rakhmanov is confident that strong collaboration determines success of any emerging project, so he brings together a high-end team to foster the rapid rise of ChainGPT and expand the opportunities of blockchain users and developers with a multitude of handy AI tools. Henrique Dubugras and Pedro Franceschi, Co-founders, Brex Henrique Dubugras and Pedro Franceschi are Brazilian entrepreneurs who met each other through a Twitter discussion, being ahead of graduation from high school. As soon as in 2013, Dubugras and Franceschi built their debut payment startup called Pagar.me, before moving on to start Brex, the first-of-its-kind corporate card for startups, four years later. Since 2021, their Silicon Valley-based company enables its customers to convert Brex reward points into Bitcoin and Ether, ranking Henrique and Pedro among the most forward-looking blockchain adopters. Maciej Baj, CTO & Founder, t3rn Maciej Baj is an open-source developer involved in the blockchain ecosystem for 6 years. Over this time, his expertise has gradually shifted from sidechain development to building cross-chain bridging solutions. Seduced by the role of composability and reversibility from single ledger executions across Ethereum, Maciej launched t3rn to integrate these two utilities into the cross-chain environment. At his position as CTO, he also aligned rewards for open-source developers to their contributions, bringing unique dynamics to the t3rn ecosystem itself. George Gor, CEO, Coin Idol Former chief editor, acting CEO of Cointelegraph and versatile top manager, George Gor has cultivated n&uuml;merous thriving media stars, while also contributing to business development of projects in advertising, PR, marketing, education, government relations, and insurance. Today George is the CEO of Coin Idol, having successfully managed this prominent blockchain news outlet for over 7 years. Gor&rsquo;s other accomplishment highlights building international teams dispersed across more than 20 countries worldwide, from the USA and Europe to Asia and Africa. 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.

Mike Novogratz of Galaxy Digital has commented that crypto was created by Satoshi Nakamoto precisely for the kind of over-printing and debasement of currency that the world is experiencing right now. BRICS nations are multiplying De-dollarisation is happening. The over-financialisation that has taken place in the West over the last few decades is coming home to roost. The BRICS nations are already trading in the Chinese Yuan, and applications to sign up to this bloc are multiplying rapidly. United Arab Emirates, Egypt, Algeria, Argentina, Mexico and Nigeria are reportedly looking to join this new global cooperation group, with Saudi Arabia already on the brink of being accepted, putting in jeopardy the long-standing agreement with the U.S. to exchange oil for dollars. This is crypto&rsquo;s moment Mike Novogratz, the billionaire entrepreneur and CEO of Galaxy Digital, made his comments during his company&rsquo;s Q4 2022 earnings call. He said that &ldquo;crypto prices are likely to go up over the coming months&rdquo; at the same time that de-dollarisation is just getting started. He stated: &ldquo;Let&rsquo;s start with the good&hellip; This is crypto&rsquo;s moment. Crypto was, in lots of ways, created for this point, right? Satoshi Yakamoto way back in 2009 worried about the breakdown of the legacy financial system. He worried about populism infecting our politics and a constant printing of fiat currencies and a debasement of money, and created Bitcoin.&rdquo; Novogratz continues with his view on how the politics of the Biden administration, together with the banks, are trying to besmirch crypto. He noted that whatever Biden or Jamie Dimon say, &ldquo;they&rsquo;re just wrong, and the world knows that.&rdquo; Gold and Bitcoin will thrive The billionaire CEO says that macro hedge funds are paying close attention to the developments with banks and the situation with Russia, Ukraine, and the roles that the U.S. and China are playing. He believes that the financial and geo-political environment is one in which sound money such as gold and bitcoin will thrive. He commented: &ldquo;This war between China and the U.S. with Russia as a proxy is going to push the gold narrative, and the digital version of that is Bitcoin, and so I think from a macro investor perspective, it&rsquo;s very clear.&rdquo; 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.