Phantasma(SOUL)

The development team behind the gaming project FinSoul has been accused of carrying out a massive exit scam, defrauding investors of $1.6 million through market manipulation.  According to a recent report from blockchain security platform CertiK, the FinSoul team allegedly employed paid actors to pose as executives and raised funds under the pretense of developing a gaming platform. ... Read More: Scandal Unveiled: Web3 Game Project's $1.6 Million Exit Scam with Actors

A British investigative firm tracked down stolen funds and convinced the High Court of Singapore to mark the wallets containing the funds permanently with its order.

We’ve entered the soul-sucking phase of Sam Bankman-Fried’s month-long criminal trial. The part where an antsy Judge Lewis Kaplan paces and glares – and then lashes out at prosecutors (and also defense lawyers) for wasting everyone’s time.

Sam Bankman-Fried's struggles over a personal relationship with Caroline Ellison came to light in Michael Lewis' "Going Infinite" book.

The price of Bitcoin slipped by circa 8% in a span of 20 minutes on Aug. 17, causing the classic crypto to tumble below $26,000 — a level not seen since June 20.

McDonald's Singapore has teamed up with crypto infrastructure startup Bandwagon Labs and local non-fungible token (NFT) artist 'The Hidden Walls' to launch Grimace digital collectibles - soulbound tokens and keepsakes that can be minted for free, but not traded or transferred. ... Read More: McDonald's Offers Exclusive Grimace NFTs: Collectible, But No Trading Option

Decentralized identity startup cheqd has announced the launch of a new platform called Creds for Web3 users to issue, hold and share digital credentials and build portable reputations. The new tool was announced at the Nebular Summit in Paris, where attendees at the event were issued with the first Creds as part of a technology showcase. Creds give users a secure and private way to prove their identity in Web3 environments. What’s more, they’re fully portable and reusable, allowing users to slowly build up a strong reputation without ever revealing their true identity. Cheqd explains that there are many challenges around the issue of Web3 security, with crypto scams wiping out millions of dollars in user’s funds, creating massive distrust in online communities. According to cheqd, the best way to combat Web3 scams is to increase the trust and reputation of users, which is exactly what it’s aiming to do with Creds. It provides a way for individuals to confirm their personhood and ownership of assets such as wallets and user handles across multiple platforms. So a moderator on a Discord server could prove their status and role, without revealing their identity. A scammer would not be able to prove this. In this way, not only will Creds help to prevent scams, but they can also prevent impersonation-based attacks and the spread of fake news by malicious individuals. Cheqd’s idea with Creds is that users can build a verifiable reputation across multiple platforms and communities, with full control over which credentials they decide to share with which groups. Of course, a decentralized identity does more than simply improve security and prevent fraud. One of the most promising aspects of Creds is its ability to enable new kinds of gamified engagement for communities. By creating a reputation layer, projects can explore new gamification mechanics such as incentivized quests or “learn-to-earn” courses, where users are rewarded for learning and participating in forums and community activities. Cheqd’s Head of Marketing & Community Eduardo Hotta said Web3 organizations are very interested in becoming more community-focused. “As an example, it's preferable to have a smaller number of real active community members, or superfans, than to have a group with thousands of bots,” he said. With Creds, projects can prove they have viable, active and engaged communities and encourage people to build reputations within them. Cheqd notes that similar decentralized identity projects in the past have made use of NFTs and SoulBound Tokens with varying levels of success. Creds differ from previous initiatives because these tokens are completely private, revocable and portable, able to be used with multiple platforms and ecosystems. With Creds, all personally identifiable information is stored off-chain, privately and securely. This data is verified by decentralized identifiers on-chain and cryptographically signed to ensure trust. Creds are set to become a key aspect of cheqd’s mission to build a trusted data economy based on lending markets, preference data markets and others that put users at the center. Cheqd supports these markets with a cutting-edge payment network that prioritizes individual’s privacy. "Creds offers a privacy-preserving alternative to the surveillance enabling tech of SBTs and NFTs where you have little control over your privacy, as activities and other information are written on the ledger making it public and immutable,” said cheqd co-founder and Chief Executive Fraser Edwards. “Creds are collectable, portable, secure and verifiable; it has all the best things that the NFT and SBT have with the addition of everything else they are missing." At Nebular Summit, all attendees were issued with Creds, enabling them to verifiably prove their attendance at the event without revealing their identities or any other information about themselves. 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.

Autentic, the ecosystem of digital financial assets, has announced its native token AUt presale for institutional and private funds, partners, and investment companies. It is scheduled for September 1st and will last only a few weeks. During this period, major investors will have the opportunity to buy AUt at a special price of $0.20. "At the initial token sale stage, we focus on large institutional and private investors, as well as on our partners who have supported the project development. They will get special purchase terms with a minimum vesting period of 9 months. We also limit the average trade within $3,000 and the number of presale participants,” stated the company. In total, Autentic plans to issue 100 million AUt, which will be used as an internal settlement for accessing platform services, paying fees, and serving as an investment instrument. The company will launch a Savings feature in the fall, providing the opportunity to earn up to 25% APY. Other benefits the company provides to its investors: predictable investment returns, 24/7 trading, low fees, and full decentralization without regulatory pressure. “By the end of this year we plan to launch Autentic Pay payment system, Autentic Capital platform for Security Token Offerings (STO) and initial asset offerings, Autentic Market - a marketplace for digital assets. In 2024, the company will list AUt on centralized cryptocurrency exchanges and launch decentralized platform Block DEX for secondary asset trading,” shared the company. In the near future, the release of the following digital assets will be available to users: Autentic DAO token (ADT), EIP-20 token that essentially serves as a match to company shares. It grants holders the right to receive distributed profits from ecosystem activities and participate in decision-making processes that determine the overall direction of the company development. A total of 2.5 million ADT tokens will be released. But there will be no public sale for these tokens. AUtentic Gold (AuG), EIP-20 token - a digitized version of real gold, pegged to the precious metal quotes on Shanghai Stock Exchange. Token holders can have the opportunity to get gold bars from 1000 grams at the offices of partner banks. Currency tokens Within the Autentic ecosystem, currency tokens of BRICS, SCO, and EAEU countries will be released following EIP-20 standard. These tokens will reflect the amount of fiat currency held in Autentic bank accounts in various currency locations. These tokens will be released at 1:1 ratio based on Proof of Reserves (PoR) consensus, combined with financial audits that serve as a proof of financial funds corresponding to the number of issued tokens in Autentic accounts. Currency tokens will be utilized as key components in creating smart contracts within Autentic ecosystem. They will serve for internal accounting, calculation and investment in the system, facilitating fund transfers and payment procedures via Autentic PAY. Deposit, withdrawal, exchange and redemption of currency tokens for real funds will be made via smart contracts. The ecosystem will also include: Autentic DAO, decentralized autonomous organization (DAO), where participants can vote for particular decision-making, ecosystem development and receive distributed profits from company activities. Autentic Capital, platform for initial listing of crypto assets, equity raising for issuing companies in Autentic platform, investing in promising projects and businesses. Autentic Market, marketplace for real digitized goods and services that can be purchased using currency and metal tokens like RUR.s, CNY.s, SAR.s, AuG, or any other currency tokens representing BRICS, SCO, and EAEU countries available on the platform. Autentic PAY, blockchain payment system, designed for fund transferring and without fee transactions, using any cryptocurrencies, approved for circulation within Autentic ecosystem, as well as issued currency tokens based on Proof of Reserves (PoR) protocol and pegged to real fiat currencies held in company accounts. Autentic ID, unique system for verifying transactions and confirming identity with the built-in rating system based on SoulBound technology. 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.

Some experts believe the alignment problem can be fixed by making AI more human — but others say that will just make things much worse.

Digital community platform Coordinape is rolling out CoSoul, which allows users to create a digital resume on-chain.

IoTeX has made waves with the official release of W3bstream Devnet, positioning itself as the first-ever provider of comprehensive tools and infrastructure for building transformative Decentralized Physical Infrastructure Networks (DePIN) dApps. This groundbreaking launch is set to speed up the DePIN sector’s development process, slashing costs by 10x and accelerating go-to-market time for developers from two years to about two months. W3bstream, IoTeX's flagship technology, empowers developers to quickly and easily build dynamic dApps for mobility networks, energy systems, sensor networks, AI computing frameworks, and more. With the advent of Devnet, developers gain unprecedented access to cutting-edge features, enabling seamless connectivity between billions of smart devices and smart contracts, unlocking a world of limitless innovation and societal impact. "At IoTeX, we are trailblazers in offering developers out-of-the-box services to create DePIN dApps that reward users for their actions or incentivize specific behaviors," explains Raullen Chai, CEO and Founder of IoTeX. "The release of W3bstream Devnet marks a turning point for the DePIN sector, projected to become the most significant trend in the Web3 industry, akin to the rise of DeFi in recent years," he added. DePIN has emerged as a driving force propelling the next wave of Web3 adoption. By addressing the limitations of centralized smart device connectivity and applications, such as security, reliability, privacy, and data ownership, the DePIN market will grow to a staggering $3 trillion by 2028. IoTeX's W3bstream aims to reshape the smart device landscape, ushering in a new era of enhanced user experiences and improved quality of life. The Power of W3bstream Devnet Devnet is the first public implementation of W3bstream's chain and device-agnostic architecture and represents a significant milestone in IoTeX's quest to simplify DePIN network development and data-driven dApp creation. Devnet provides developers with a chain-agnostic environment, facilitating the seamless crowdsourcing of real-world data from smart devices. These verifiable "proofs of real-world activity" trigger smart contracts, enabling the direct delivery of digital assets such as cryptocurrencies, stablecoins, Soulbound Tokens (SBTs), and NFTs to users. Central to Devnet is the powerful W3bstream Studio, an intuitive control center equipped with an array of developer-centric features. With the Studio's streamlined interface, developers can effortlessly orchestrate every aspect of their DePIN projects, from data reception to application logic and seamless blockchain interaction. Devnet also offers essential components such as mobile Software Development Kits (SDKs) and Web Assembly (WASM), providing developers unparalleled flexibility and convenience in creating their decentralized applications. IoTeX is committed to continuously expanding W3bstream's capabilities, with future Devnet releases set to introduce a range of out-of-the-box DePIN solutions. These include trusted token metrics for visualizing and analyzing device data on the blockchain, token proofs to validate off-chain data and facilitate token incentives, trusted location services for proof of humanity and presence, and various geo-based use cases. IoTeX's Devnet Launch Partners Numerous pioneering DePIN projects are already poised to harness W3bstream's potential. Drife, a disruptive force in the global ridesharing market, is notable among these, which has already amassed over 30,000 drivers, 100,000 registered users, and completed 250,000 rides. By utilizing W3bstream, Drife integrates verifiable mobile geo-location into its tech stack, ensuring secure tracking of routes driven and providing a trusted environment for drivers and riders alike. React Network, another prominent partner, consists of thousands of connected batteries deployed across homes, businesses, and multi-family living spaces. This innovative energy network supports the power grid during times of high demand and utilizes W3bstream to effectively manage and visualize the diverse footprint of smart devices contributing to its network. The platform efficiently processes the high volume of real-time data generated by these devices, enabling a more optimized and sustainable energy grid system. These partnerships exemplify the real-world applications of W3bstream and highlight the transformative potential of Decentralized Physical Infrastructure Networks. By leveraging the power of blockchain and smart contracts, IoTeX and its partners are revolutionizing industries and empowering users with greater control over their data and participation in the machine economy. As the world's first provider of DePIN infrastructure and tools, IoTeX is leading the way in unlocking the full potential of decentralized IoT. With the launch of W3bstream's Devnet, developers now have access to a comprehensive framework that simplifies the development process, reduces costs, and accelerates time-to-market for data-driven dApps. The possibilities for innovation and social impact are boundless as W3bstream connects billions of intelligent devices to smart contracts, creating a more inclusive and decentralized future. Sparking a new wave of adoption With Devnet, IoTeX is spearheading the DePIN revolution and paving the way for the next wave of Web3 adoption. By addressing the limitations of centralized IoT solutions and providing developers with the necessary tools and infrastructure, IoTeX is driving the transition toward a more secure, reliable, and privacy-preserving ecosystem. The launch of W3bstream's Devnet marks a significant milestone in developing Decentralized Physical Infrastructure Networks. IoTeX's commitment to democratizing IoT and empowering developers is revolutionizing the machine economy and opening up endless possibilities for innovation. With its unique features, chain-agnostic environment, and strong partnerships, W3bstream will shape the future of IoT and drive the widespread adoption of Web3 technologies. 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.

Sotheby’s will sell Dmitri Cherniak's “The Goose” NFT at a live auction this month, while Mercedes Benz released a collection inspired by its luxury vehicles.

French luxury fashion house Louis Vuitton has announced that it will be launching a new physical-linked NFT collection called Treasure Trunks. The collection is the first in a series of projects by the luxury brand that look to offer the brand’s elite clientele with exclusive perks and experiences. The Treasure Trunks Collection The collection will consist of a few hundred NFTs, with each Treasure Trunk NFT coming with a matching made-to-order Louis Vuitton trunk. A Louis Vuitton trunk sells for tens of thousands of dollars. The collection will open for registration on the 8th of June, 2023. It will only be available to consumers who are based in the United States of America, France, Canada, the United Kingdom, Japan, Australia, and Germany. Select customers will be able to purchase the NFTs from the 16th of June onwards, with each NFT priced at $42,000. Treasure Trunk NFT holders will also receive a physical replica of their Treasure Trunk. This will unlock exclusive access to upcoming Louis Vuitton products and exclusive immersive events. The luxury brand also plans to release further limited-edition experiences and products regularly. Part Of A Larger Project The collection is part of a larger initiative by Louis Vuitton called Via, from the Latin word for road. Treasure Trunk NFT owners can also purchase digital keys and gain access to future Louis Vuitton NFT collections. Furthermore, the Treasure Trunk NFTs and future NFTs will be sold as soulbound tokens. This means holders will not be able to transfer them to others once they have been purchased. Holders will also not be able to sell their Treasure Trunks. Louis Vuitton’s Foray Into Blockchain And NFTs The luxury brand has been expanding its presence in the blockchain ecosystem for several years. In 2019, its parent entity, LVMH, announced plans to roll out the Aura blockchain to help with the tracking of luxury goods. In 2021, Louis Vuitton announced a partnership with fellow luxury brands Prada and Cartier to create the Aura Blockchain Consortium. The primary aim of this consortium was to crack down on counterfeit products. It also released a free-to-play game called “Louis The Game,” offering players the chance to win 30 NFTs to celebrate the brand’s 200th birthday. Several other brands have also looked at experimenting with NFTs and blockchain. Balmain has been developing an NFT-backed club exclusively for its niche customers. Another brand, Ralph Lauren, is hosting exclusive events for Web3-initiated customers. 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.

Stockholm, Sweden, June 7th, 2023, ChainwireChromaWay to Integrate Blockchain Capabilities into BLK DNM, Pioneering Connected Fashion, and Inspiring Responsible Industry BehaviorsStockholm's headquartered blockchain technology company ChromaWay today reveals its acquisition of the iconic Swedish-American fashion brand BLK DNM.The acquisition aligned with the recent relaunch of BLK DNM as a modern, community-driven fashion house. It marks ChromaWay’s first acquisition of an established company for the purpose of implementing real-world decentralization: i.e., creating positive behavioral change, fairer access, and more control by users within traditional industries.ChromaWay’s blockchain capabilities will be integrated into BLK DNM’s strategy and products, the first meaningful use of the tech in fashion.In pioneering ‘connected fashion,’ BLK DNM will seek to inspire more responsible behaviors in the industry.First tech innovations will be announced ahead of BLK DNM’s F/W 2023 collections revealFirst innovations to be revealed in BLK DNM’s F/W 2023:ChromaWay’s blockchain capabilities will be integrated in a revolutionary way into both BLK DNM’s brand and products. BLK DNM will consequently become a pioneer of ‘connected fashion’ - the use of technology to create community and responsibility within fashion - heralding the first significant use of blockchain tech in an industry yet to be meaningfully impacted by Web3 technologies.BLK DNM will reveal the first tranche of technological innovations built on ChromaWay’s ‘Chromia’ relational blockchain in the coming weeks. This will include software- and hardware-based innovations built into BLK DNM’s F/W 2023 collections, underpinned by the ethical and communal concept of ‘connected fashion.’Toni Collin, CEO of BLK DNM, and Henrik Hjelte, CEO and Co-founder of ChromaWayHenrik Hjelte, CEO and Co-founder of ChromaWay, comments: “BLK DNM is a brand with an ethical mission and decentralization in its soul - it’s something of a borderless community already. It was a natural fit for our aspirations to transform the fashion industry through innovation. BLK DNM’s imminent tech rollout will illustrate the power of our blockchain capabilities to create true behavioral change in an industry that has hitherto struggled to control its problematic environmental impact and embrace progress.”Toni Collin, CEO of BLK DNM, comments: “Our industry must start looking toward innovation: fast fashion’s environmental impact is totally unacceptable, and at the same time, as the world becomes more digitized, the concept of community is changing. That’s why BLK DNM joining ChromaWay is so exciting. The potential of this technology to create genuine change in fashion is evident, but no one else in the industry is using it in a meaningful way yet. Together, BLK DNM and ChromaWay are building something truly unique and groundbreaking. We will be able to reveal the first innovations very soon.”About ChromaWayChromaWay is an industry leader in blockchain technology and specializes in creating and deploying cutting-edge, scalable blockchain solutions for businesses and governments. The company, established in 2014 and headquartered in Stockholm, Sweden, has been at the forefront of driving the widespread adoption of blockchain technology. Its flagship product, relational blockchain Chromia, enables developers to build decentralized applications (dApps) with a relational database model that offers unprecedented scalability and flexibility.About BLK DNMBLK DNM is a Swedish-American fashion brand that specialises in timeless tailoring, leather, and denim of extraordinary quality. Following its 2023 relaunch as an entry-luxury fashion house under the stewardship of new Creative Director Jessy Heuvelink, BLK DNM’s focus on enduring craftsmanship and aesthetic timelessness encourages customers to love and treasure each item for decades and across generations.ContactFati [email protected]

According to a Vogue Business, the collectibles are being sold as soulbound tokens, meaning they are non-transferable once purchased.

In the rapidly evolving Web3 space, the success of any blockchain platform hinges on the creativity and ingenuity of its dApp creators. Recognizing developers' pivotal role in driving adoption, the IoTeX community has voted massively in favor of IoTeX's Improvement Proposal 15 (IIP-15) for Sharing of Gas-Fee with dApps (SGD). With its groundbreaking IIP-15, IoTeX aims to unlock a new era of high-level innovation, engagement, and sustainable growth. By sharing a portion of transaction gas fees with dApp developers, IoTeX sets the stage for an ecosystem where creativity thrives, users are captivated, and developers are incentivized like never before. The IoTeX community has passed the groundbreaking IIP-15 with 98.5% in favor, and 1.5% against the proposal. A total of 224 wallets participated with nearly 157.4 million IOTX staked. The IoTeX Foundation will distribute 224 Soulbound Tokens (SBTs) to reward those who participated in the IIP-15 DAO governance vote. Becoming the DePIN leader “The significance of IIP-15 cannot be overstated,” said IoTeX CEO and Co-Founder Raullen Chai. “For IoTeX, it represents another step toward becoming the leader within the burgeoning Decentralized Physical Infrastructure Networks (DePIN) space. It also represents a paradigm shift in how blockchain platforms value and compensate their development community.” “By proposing the revenue-sharing mechanism through SGD, IoTeX opens the doors for community members to actively participate in shaping the platform's future and fostering a vibrant ecosystem,” Chai said. Striking a fair balance As users interact with dApps on the IoTeX blockchain, a portion of the transaction gas fees is automatically accrued in the SGD treasury. The proposal recommends that 30% of the gas fees be reallocated to the SGD treasury to strike a fair balance and incentivize sustainable growth. At the same time, the remaining portion continues to contribute to the Proof-of-Stake (PoS) rewarding pool. The actual ratio may be subject to adjustment through governance voting. DApp owners can withdraw their accumulated revenue by initiating a claim action. The SGD treasury verifies the eligibility criteria, including transaction volume and time deployed on the chain, through the SGD registry. Once the criteria are met, the treasury issues the corresponding rewards. To maintain the integrity and quality of the ecosystem, the IoTeX Foundation implements a review process, approving dApps based on their performance and adherence to guidelines. Transparency and efficiency The SGD initiative comprises two main components to ensure transparency and efficient management: the SGD Treasury and the SGD Registry. The treasury module handles gas fee distribution, accounting, and the SGD rewards claims process. The registry consists of a system contract and an indexer. dApp owners utilize the system contract to register their dApp contracts and reward addresses, while the indexer keeps track of SGD contract addresses, owners, and the number of contract calls. Implementing this fee-sharing model requires careful consideration to prevent potential abuses. To address this concern, the IoTeX Foundation has set eligibility criteria to qualify for revenue sharing. DApps must have completed at least 100,000 IoTeX Layer 1 blockchain transactions, have been deployed and running smoothly for at least one month, and receive approval from the IoTeX Foundation. The Foundation reserves the right to disapprove dApps involved in spam transactions or illegitimate activities, thereby safeguarding the integrity of the SGD program and protecting users' interests. Driving innovation Implementing the SGD feature will be part of an upcoming hard fork, ensuring backward compatibility with existing applications and infrastructure. With this forward-thinking proposal, IoTeX joins a growing movement for blockchain platforms to actively reward their dApp creators, driving a virtuous cycle of innovation, user engagement, and overall ecosystem growth. As IoTeX continues to expand its reach and influence, IIP-15 solidifies its position as a trailblazer in blockchain technology. Through this revenue-sharing model, IoTeX sets the stage for a new dApp development era that rewards creativity, nurtures innovation, and fosters a new and exciting design space for Web3 applications. 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.

Peace Inside Live, a Web3 mental health collective, has launched an NFT collection to promote the joy of missing out (JOMO) over the fear of missing out (FOMO). The collection, called the JOMO Effect, features a series of digital art pieces that represent various aspects of mental health and well-being. The JOMO Effect NFT collection is available for minting on the Magic Eden marketplace on the Polygon network. Primary sale profits from the NFTs will be donated to five mental health charities, such as the American Foundation for Suicide Prevention. By participating in this initiative, collectors can access various resources and benefits like Chopra's Soul of Leadership course, Peace Inside Live's mindfulness materials, and discounts for Unstoppable Domains. "We believe that the Web3 space can be a powerful tool for promoting mental health," said Shira Lazar, Emmy nominated host and co-founder of Peace Inside Live. "By focusing on JOMO, we can help people to find balance, take breaks, and focus on their own well-being." The launch of the JOMO Effect NFT collection is a timely response to the increasing focus on mental health in society. Efforts like these can help foster a healthier and more balanced approach to the digital world. The Web3 space is a rapidly growing and evolving ecosystem. With its potential to disrupt many industries, it's also equally important to consider the toll that Web3 could have on mental health. This writer, for instance, has struggled with the same issues on a personal level. In an effort to maintain journalistic integrity in the Web3 space, this writer has not held any amount in crypto beyond the what they are compensated for. One of the potential challenges of Web3 is the fear of missing out (FOMO). In the Web3 space, there is always something new and exciting happening. It can be easy to feel like you are missing out if you are not constantly connected and updated. This can lead to anxiety, stress, and even depression over financial opportunities missed. "We hope that the JOMO Effect NFT collection will spark conversations about mental health in the Web3 space," said Lazar. "We believe that by integrating mental health into the core foundation of the industry, we can bring about a disruptive change." The JOMO Effect NFT collection is a positive step towards addressing the potential mental health challenges of Web3. By focusing on the joy of missing out (JOMO), the collection encourages individuals to find balance, take breaks, and focus on their mental well-being. Here are some additional tips for promoting mental health in the Web3 space: Set boundaries. It is important to set boundaries between your work and your personal life. This means taking breaks, disconnecting from social media, and spending time with loved ones. Take care of yourself. Make sure to eat healthy, exercise regularly, and get enough sleep. These are all important for your physical and mental health. Seek help if you need it. If you are struggling with your mental health, please reach out for help. 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.

On a panel discussing how to protect your identity, the consensus was that SBTs were absolutely the wrong path.

The small New York-based neobank is seeking to improve crypto users’ experience by melding Web3 features and digital banking.

Robert Kiyosaki has gone to Twitter to warn his followers of the excesses of the banks, and advises gold and bitcoin. Robert Kiyosaki, the author of Rich Dad Poor Dad, continues to tweet out on his Twitter account, giving his view that the Federal Reserve and the banks are not to be trusted. Free speech For such a well-respected and influential person to be able to make these kinds of remarks at least says something for the ability to have free speech in US society. However, Kiyosaki was scathing of the owners of Fox News, who ‘released’ both Tucker Carlson and Dan Bongino from the news channel. According to Kiyosaki, both were voices for freedom. Don’t cry for Tucker Carlson or Dan Bongino. They are rock stars who will become greater rock stars. They are the next Jordan Peterson,,,free human beings…empowered by our freedom of speech. Our freedom of speech is worth fighting for and dying for. God bless America. — Robert Kiyosaki (@theRealKiyosaki) April 25, 2023 Banks On the banks, and particularly the Federal Reserve, Kiyosaki was even more vociferous in his condemnation. He tweeted on how the Treasury and US government had decided to back any banks that were deemed to be “systemically important”. He saw this as being totally detrimental to the smaller regional banks, and he suggested that they could be wiped out by the Fed. By supporting only Big Banks like JP Morgan WTFed wipining out regional banks. Cruel. Regional banks heart and soul of America. Please support small banks and small businesses. Fed is criminal. — Robert Kiyosaki (@theRealKiyosaki) April 27, 2023 Could Kiyosaki be right about this? Banks have become far fewer over the passing years. With the current Fed policy towards them, many more could go out of business, leading to a future monopoly of the last big 5 or 6 banks. Bitcoin On Bitcoin, Kiyosaki has never wavered, telling his followers to buy it, as well as gold and silver, in order to protect themselves from the terrifying times to come. WHY I ❤️BITCOIN: Years ago I watched BC climb to $20k then drop to 0. I thought BC finished. Slowly watched BC climb to $6 k & I bought lots. WHY? Because people support BC not FED or Gov. BC did not need FED or Gov bailout because BC people’s money. BC to $100k. Long live BC. — Robert Kiyosaki (@theRealKiyosaki) April 21, 2023 The famous entrepreneur says that Bitcoin does not need Fed bailouts because it is the “people’s money”, and he forecasts that the king of the cryptocurrencies is going to $100,000 this cycle. 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.

Research done by internet sleuth ZachXBT indicates that the "Crank That" rapper has promoted dozens of NFT projects on social media, some of which turned out to be rug pulls.

The BitTorrent owner, YouTube singer and 'Crank That' rapper have 21 days to reply in court to charges made by the U.S. markets regulator . The post SEC summons Justin Sun, Soulja Boy and YouTuber Austin Mahone over Tron appeared first on The Block.

The token protocol can be used for a wide variety of applications, including membership badges, loyalty programs, decentralized captcha bots, and credit underwriting.

The founder of the Tron blockchain, Justin Sun, is no longer a diplomat for Grenada. Grenada had recalled all diplomats following the June 2022 election in which the part that granted the title was removed from power. No Longer A Diplomat For Grenada According to reports coming from the Grenada Broadcasting Network, Sun’s removal as a diplomat came after the New National Party, which was the part that gave Sun the status, lost the election to the National Democratic Congress. The report stated that all ambassadors assigned by the previous government were recalled during the early months of the new administration. The report from the Grenada Broadcasting Network comes after weeks of intense speculation in the press and social media about Sun losing his credentials. However, Sun has not yet publicly addressed the speculation. Sun Carries On Justin Sun was appointed as the ambassador to the World Trade Organization by the government of Grenada in 2021. Since being appointed, Sun has gone out of his way to flout his credentials, styling himself as “His Excellency” on his social media accounts and during media interviews. Sun had been tweeting from his diplomatic Twitter account (@HEjustinsun) as recently as October. He has, so far, given no indication of losing his diplomatic status and still maintains the H.E. on his personal Twitter account. With Sun’s appointment as Grenada’s ambassador to the WTO, the government of Grenada stated that it expected him to help promote trade, development opportunities, and investment in the country. He was also tasked with supporting the development of infrastructure, human resources, and information and communication technology for the country and conduct himself in a way that enhances Grenada’s image. Neither Sun nor the government of Grenada have commented on the matter so far. SEC Charges Sun Soon after losing his diplomatic status, the Tron founder found himself in the crosshairs of the Securities and Exchange Commission (SEC). The SEC charged Sun with fraud and also accused eight celebrities, including rapper Soulja Boy and actress Lindsay Lohan, of illegally promoting his crypto assets. Sun, along with his companies, the BitTorrent Foundation, Tron Foundation, and Rainberry, were accused of scheming to distribute billions of Tronix (TRX) and BitTorrent (BTT) tokens and artificially inflate their trading volume since 2017. In a statement, the SEC Chair, Gary Gensler stated, “As alleged in the complaint, Sun and others used an age-old playbook to mislead and harm investors by first offering securities without complying with registration and disclosure requirements and then manipulating the market for those very securities. At the same time, Sun paid celebrities with millions of social media followers to tout the unregistered offerings, while specifically directing that they not disclose their compensation. This is the very conduct that the federal securities laws were designed to protect against regardless of the labels Sun and others used.” The Securities and Exchange Commission stated that some of those accused with Sun have agreed to pay a total of $400,000 in disgorgement, interest, and penalties to settle charges leveled against 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.