Ronin(RON)

Grenada recalled all diplomats after the June 2022 election, when the party that granted Sun's title was ousted from power, the Grenada Broadcasting Network reported.

The man who predicted the 2008 financial crisis is no longer bearish on the broader market.

The Gemini crypto exchange is working on launching an international crypto derivatives exchange to fill the hole left in the derivatives market by the FTX ecosystem collapse. Gemini To Offer Risky Perpetual Futures Gemini, the brainchild of the Winklevoss twins, could be the next big derivatives service provider. According to reports from sources close to the matter, the crypto exchange has been reaching out to trading firms to serve as market makers to launch an overseas derivatives exchange. It is interesting to note that the platform will be specifically offering perpetual futures. This type of derivative does not have an expiry date and thus can be traded with significant leverage. Therefore, it is considered a highly risky product and banned for retail trading in the United States. Will SEC Disapprove? It will be interesting to note how the operation pans out, as the company has already been in hot water with the U.S. Securities and Exchange Commission (SEC) for allegedly selling unregistered securities. The SEC is not going to be too happy about the company’s perpetual futures offering. Even though the matter would be outside its jurisdiction, it could irk the regulatory body enough to make matters difficult for Gemini. In January 2023, the company had to lay off 10% of its workforce after being caught up in the Genesis bankruptcy. Regulatory Trouble For Derivatives Providers Furthermore, other regulatory bodies are also toughening up on crypto firms, especially those offering crypto derivatives services. For example, the Commodity Futures Trading Commission (CFTC) has recently sued the Binance crypto exchange on charges of violating U.S. derivatives law. Binance Australia also had to shut down the crypto derivatives accounts of some wholesale investors who did not fit the criteria. (The exchange does not allow retail investors to participate in crypto derivatives trading on its platform.) Gemini’s Bid For Overseas With FTX gone and now Binance embroiled in legal troubles, there is a significant market share up for grabs in international derivatives trading. In fact, even Coinbase had indicated plans to grab a chunk of this market share by launching an overseas platform to offer perpetual futures derivatives. However, as the crypto trading platform is likely going to face enforcement action from the SEC, as indicated by the Wells notice, Gemini could beat Coinbase to the overseas derivatives race. As one of the co-founders of Gemini, Cameron Winklevoss believes that the next bull run would come from Asia, the company’s international expansion makes even more sense. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Information revealed in January indicated that the owner of 16 Ethereum addresses profited by purchasing tokens shortly before they were listed on Binance.

As blockchain technology continues to amass hype and interest, several problems still hinder the growth of this new innovation. According to a 2022 CoinGecko publication, over 40% of (3,322 out of the 8,000) cryptocurrencies listed in 2021 are dead. Most blockchain-based projects struggle to create and maintain a transparent token supply/demand structure. And coupled with the cost of maintenance and increasing energy consumption levels, these projects have found environmental and physical sustainability to be almost impossible. Another problem of mass adoption is trust. The recent FTX debacle and preceding events, the Axie Infinity failure, and the Terra/LUNA crash have dispelled trust in blockchain, a system purported to be secure and transparent. While several “community-powered” projects have launched, a few live up to the claim. The current DAO and governance approach incorporated by most projects means wealthier users can buy more tokens to change voting outcomes, eliminating the concept of decentralization. These problems are at the forefront of blockchain mass adoption, making it difficult to achieve. Klaytn, an open-source public blockchain for builders, workers, and players in the metaverse, has identified the ultimate trifecta for global blockchain adoption and is working to achieve it with sustainability, verifiability, and collectiveness. Klaytn Foundation’s Vision for Mass Adoption As part of its long-term vision to drive global adoption, Klaytn introduces a thoroughly crafted 2023 vision map for achieving the mass adoption trifecta. Sustainability The two profound components of a project’s sustainability are—a smart tokenomicsstructure capable of creating inherent value for the ecosystem and a well-grounded tech layer capable of supporting such an ecosystem. In line with these components, Klaytn integrates specific goals. Klaytn’s sound tokenomics and deflationary token model aspirations are stand-out features of this project. For sustainability, this public blockchain platform will continue to reschedule token releases to maintain relevance and initiate realistic targets for the right amount of tokens needed to make $KLAY a genuinely deflationary asset. It will also support activities that will guarantee mid-to-long-term token demand and supply. Taking into account the cost of running a blockchain-based ecosystem, Klaytnproposes an efficient specification for computer instances and data storage. This singular action will help the team manage nodes dexterously while reducing costs in the long run. Additionally, Klaytn will introduce new concepts such as permissionless network configurations, ecosystem treasury optimization, and token circulation monitoring that will effectively oversee the supply of new tokens based on specific criteria gathered from incumbent market conditions. Klaytn will also be on the lookout for infrastructures and services where ownership of $KLAY will guarantee holders access to these features, increasing the utility and transactional value of the token. Through exchange listings and on-chain service offerings, Klaytn hopes to attract more users. To increase the long-term sustainability of $KLAY, Klaytn will regularly burn a percentage of tokens—over 75 million $KLAY has been burned to date, and more are expected in the coming months. The Klaytn team looks to initially burn 5.28 billion (approximately 48% of the current total $KLAY supply) tokens as it seeks to keep $KLAY inherently valuable. Verifiability Trustlessness has proven to be a huge sticking point in the blockchain space. Ensuring verifiability in all situations is essential for improving the transparency of all components related to the operation of a blockchain network. In the spirit of promoting transparency and inclusivity in its governance processes, Klaytn intends to conduct frequent evaluations of community sentiment and develop a robust structure to facilitate efficient decision-making. KIP-81 will be integrated into Klaytn's mainnet, enabling users to conveniently view voting agendas, and monitor voting statuses and results live via the Klaytn Square governance portal. The Klaytn team also looks to open up access to its Governance Council, creating a process for teams interested in becoming GC members to apply directly. Collectiveness A robust ecosystem of developers and users is essential to the success of any blockchain network. This community serves as the backbone of the technology, providing the support, innovation, and governance necessary to drive adoption and ensure the security and integrity of the network. Besides enabling seamless onboarding of developers, Klaytn is integrating new measures to encourage active participation and community involvement. With the aim of providing a hassle-free development environment, Klaytn is set to unveil a suite of ecosystem service tools, including a trustless bridge, developer SDKs that seamlessly integrate with multiple services, and a metaverse package. As a public blockchain for all, Klaytn promises to be a community-powered project where users and developers are essential members. With that vision in mind, Klaytnwill hold regular developer meet-ups to provide direct communication and feedback channels with the Klaytn core development team. As it seeks to build on the spirit of collectivism, Klaytn also looks to establish “Proof of Hodl” communication touchpoints on its governance portal Klaytn Square, providing participants who contribute directly to the Klaytn ecosystem with opportunities to participate in governance and more. Through its meticulously-crafted vision map, Klaytn aims to achieve the trifecta of mass adoption —sustainability, verifiability, and collectiveness—taking a giant step towards driving global adoption and rekindling users’ trust in blockchain projects. 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.

BTC/USD at Fresh Multi-Month Highs: Sally Ho’s Technical Analysis – 31 March 2023 Bitcoin (BTC/USD) maintained positive momentum early in the Asian session as the pair sought to add to recent gains following a surge higher to the 29190.04 area, its strongest print since early June 2022. Technical support around the 26525 level solidified the recent move higher, right around the 23.6% retracement of the appreciating range from 19568.52 to 28937.93. Bulls are increasingly eyeing the 30127.80 area, an upside price objective associated with buying pressure around the 15460 and 19568.52 levels. Following the recent appreciation, upside price objectives include the 29244.66, 29639.37, 30127.80, 30275.12, 30763.09, and 31477.37 levels. Stronger long positions are eyeing price objectives around the 34658 and 35821 levels. Following the ongoing appreciation, retracement levels and areas of potential technical support include the 25948, 25756, 25358, 24253, 24099, 23789, 23147, 22605, and 22198 levels. Below current price activity, downside price objectives include the 19266, 19132, 19106, 19006, 18981, 18919, 18822, 18116, 17720, 17523, 17457, 17230, and 17196 areas. Traders areobservingthat the50-bar MA (4-hourly)isbullishly indicating above the 100-bar MA (4-hourly)andabove the200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bullishly indicating above the 100-bar MA (hourly) and above the 200-bar MA (hourly). Price activity is nearest the50-bar MA(4-hourly) at 27840.07 and the50-bar MA(Hourly) at 27976.31. Technical Supportis expected around25256.83/ 24224.60/ 21753.70 withStopsexpected below. Technical Resistanceis expected around29244.66/ 29639.37/ 30127.80 withStopsexpected above. On4-Hourlychart,SlowKis Bullishly above SlowDwhileMACDis Bullishly above MACDAverage. On60-minutechart,SlowKis Bullishly above SlowDwhileMACDisBearishly below MACDAverage. Disclaimer: Sally Ho’s Technical Analysis is provided by a third party, and 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.

U.S. prosecutors have added another charge to Sam Bankman-Fried’s growing list of indictments – paying a $40 million bribe to Chinese officials to unfreeze his hedge fund’s accounts. United States prosecutors have accused Sam Bankman-Fried of paying Chinese officials a $40 million bribe to unfreeze FTX’s accounts. The bribery conspiracy charge adds to a 13-count indictment against the former CEO of the now-collapsed crypto exchange FTX. Reuters reports Bankman-Fried is expected to be arraigned on the charge on Thursday before U.S. District Judge Lewis Kaplan in a Manhattan federal court. In a separate report, Reuters indicates that the former CEO intends to plead not guilty to the charge, citing a person familiar with the matter. The new indictment against SBF alleges that he ordered a $40 million crypto payment to a private wallet from FTX’s sister firm, Alameda Research’s main trading account, to persuade Chinese authorities to unfreeze Alameda’s accounts containing over $1 billion of cryptocurrency. The indictment reads: In or about November 2021, Samuel Bankman-Fried, a/k/a ‘SBF,’ the defendant, and others directed and caused the transfer of at least approximately $40 million in cryptocurrency intended for the benefit of one or more Chinese officials in order to influence and induce them to unfreeze the Accounts. Reuters explains Alameda accounts were frozen as part of an investigation into an Alameda counterparty. The news agency adds that SBF’s prior attempts to influence Chinese government officials to unfreeze the accounts were unsuccessful. Judge Kaplan Approves Changes to SBF’s Bail Restrictions Judge Kaplan on Tuesday also approved amendments to SBF’s bail restrictions. CoinDesk reports the former CEO is no longer allowed to communicate with former FTX or Alameda Research employees except when counsel is present. Bankman-Fried is also no longer allowed to use any “encrypted or ephemeral call or messaging application, including but not limited to Signal.” SBF’s electronic use is limited to a new laptop computer or phone that only provides him access to 40 pre-approved websites necessary for his defence or personal use “and do not pose a risk of danger to the community.” He has been ordered to hand over his old laptop and smartphone to his legal counsel, who will remove them from his premises. Any visitor meetings must also be pre-arranged with Bankman-Fried’s defence attorneys, who must ensure security personnel are present to screen for unauthorized devices. 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.

Hong Kong is looking to Japan for guidance to become a friendly environment for cryptocurrency following an overwhelming response to Web3 investment.

In Todays Headline TV CryptoDaily News: XRP surges. XRP, the cryptocurrency issued by Ripple, is surging on rumors surrounding outcome of its long-running legal fight with the SEC. The crypto was up as much as 10%. Crypto Exchange Kraken and Formula One’s Williams racing team up. Crypto exchange Kraken signed a multi-year global pact with Formula One team Williams Racing, marking the trading platform’s first major sponsorship deal even as sports tie-ups with digital-asset firms become increasingly unpopular. Bitcoin storms toward its strongest quarter in 2 years. Bitcoin has stormed to a 72% gain over the last three months and is on track for its strongest quarter in two years. The token has outperformed both the Nasdaq 100 and gold, which are up 15% and 9%, respectively, in the same stretch. BTC/USD skyrocketed 4.0% in the last session. The Bitcoin-Dollar pair exploded 4.0% in the last session. The Ultimate Oscillator is giving a positive signal, which matches our overall technical analysis. Support is at 262631 and resistance at 280131. The Ultimate Oscillator is currently in positive territory. ETH/USD skyrocketed 1.5% in the last session. The Ethereum-Dollar pair skyrocketed 1.5% in the last session. The Stochastic-RSI is giving a positive signal, which matches our overall technical analysis. Support is at 1666.6333 and resistance at 1845.2733. The Stochastic-RSI is currently in positive territory. XRP/USD skyrocketed 6.3% in the last session. The Ripple-Dollar pair gained 6.3% in the last session after rising as much as 13.2% during the session. The Stochastic indicator's positive signal is in line with the overall technical analysis. Support is at 0.4388 and resistance at 0.571. The Stochastic indicator is currently in the positive zone. LTC/USD exploded 3.1% in the last session. The Litecoin-Dollar pair skyrocketed 3.1% in the last session. The RSI is giving a positive signal. Support is at 84.2067 and resistance at 91.9867. The RSI is currently in positive territory. Daily Economic Calendar: US Gross Domestic Product Annualized The Gross Domestic Product Annualized shows the annualized monetary value of all the goods, services and structures produced within a country. The US Gross Domestic Product Annualized will be released at 12:30 GMT, the US Gross Domestic Product Price Index at 12:30 GMT, the Eurozone's Business Climate at 09:00 GMT. US Gross Domestic Product Price Index The GDP Price Index gauges the change in the prices of goods and services. Changes in the GDP price index are followed as an indicator of inflationary pressure. EMU Business Climate The Business Climate indicator is based on monthly surveys and is designed to deliver a clear and timely assessment of the cyclical situation within the local economy. ES Consumer Price Index The Consumer Price Index is a measure of price movements made by comparing the retail prices of a representative shopping basket of goods and services. Spain's Consumer Price Index will be released at 07:00 GMT, Japan's Unemployment Rate at 23:30 GMT, Japan's Jobs / Applicants Ratio at 23:30 GMT. JP Unemployment Rate The Unemployment Rate measures the percentage of unemployed people in the country. A high percentage indicates weakness in the labor market. JP Jobs / Applicants Ratio The Jobs to Applicants Ratio released by the Japan Institute of Labour is obtained by dividing monthly active job openings by monthly active 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.

Ronin will transition to a delegated proof-of-stake consensus mechanism and expand beyond Axie Infinity’s IP.

Hydra Ventures DAO, a decentralized autonomous organization (DAO) backed by prominent investors like 1kx, ConsenSys, and Seed Club, is poised to disrupt the world of fund-of-funds investing with an innovative model tailored for the crypto industry.The brainchild of pseudonymous venture investor Pet3rpan, a partner at venture firm 1kx, Hydra Ventures has raised $10 million to create a DAO that will support other investment DAOs. "I think the cool thing about Hydra is that for the first time ever we have builders operating a fund of funds. Just ironic because most people who operate fund of funds come from an institutional capital background and I think this is the first science experiment where we see very active direct ecosystem participants operate fund of funds in a very crypto native way," Pet3rpan shares. DAOs are blockchain-based organizations without a central authority, employing blockchain technology for governance. According to data from DeepDAO, there are over 40 investment DAOs in existence. Pet3rpan was involved in the creation of one of the first investment DAOs, MetaCartel Ventures, which has 75 members and has invested over $13 million into more than 70 projects, including Gitcoin and Gnosis Safe. Pet3rpan initially considered the rapid deployment pace of investment DAOs as a drawback. However, he now sees it as an advantage, noting that "investment DAOs are really amazing vehicles for indexing exposure across a certain ecosystem or market focus." Hydra Ventures aims to invest in 30 to 40 DAOs, targeting up to 10% of the investment DAO itself. The core team of Hydra Ventures includes members from 1kx, MetaCartel Ventures, and Thing3. These members bring valuable experience in navigating the challenges of tax, accounting, and legal aspects of DAO operations. Hydra Ventures will integrate Thing3, an operations-focused service DAO, to address these issues. Stephen McKeon, managing partner at Collab+Currency, praised the Hydra Ventures DAO team, stating, "The venture DAO space is nascent and constantly evolving — so, to us, Hydra is well positioned to pioneer the DAO fund of funds model." Hydra Ventures is particularly interested in backing DAOs with a strong investment thesis. Pet3rpan believes that those who are passionate about a specific market domain or space have a considerable advantage in investing, deal flow, and due diligence. This conviction forms the core thesis for Hydra. Hydra Ventures started raising funds in June last year and closed the round in January. The funds will be stored in a diversified set of stablecoins, with plans to deploy the funds over three years instead of in perpetuity, like MetaCartel Ventures.Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The ARB airdrop followed the sell-the-news narrative, but Arbitrum's Dapp use and fundamentals remain strong and smart money continues to buy ARB tokens.

As the market continues to pick up Shiba Inu (SHIB) and TRON (TRX) are looking to pick up the bull season where the last one left off, and things are certainly looking promising, also for the rising coin that is TMS Network (TMSN). TMS Network (TMSN), is a new crypto currency that has already returned […]

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

Fourth-quarter revenue of $23.4 million was driven mainly by selling energy to the power grid rather than crypto mining.

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

MELBOURNE, AUSTRALIA, 29th March, 2023, ChainwireBrand Ambassadors Daniel Ricciardo, Scotty James, and McLaren F1 driver Oscar Piastri join event at Melbourne Arts Centre to celebrate ahead of Australian Grand PrixOKX, the second-largest crypto exchange by trading volume and a leading Web3 technology company, today announced that it will open an office in Australia in the coming months.The announcement was made at an exclusive event for Australia's crypto community at the Melbourne Arts Centre, and was attended by OKX Ambassadors Scotty James and Daniel Ricciardo.OKX Ambassadors Daniel Ricciardo (left) Scotty James (right)On 30 March, the Australian Grand Prix commences and will feature the OKX-sponsored McLaren F1 Team car driven by Australian Oscar Piastri and Lando Norris.Haider Rafique, Chief Marketing Officer at OKX, said: "Our ambition is straightforward - to become the leading crypto platform in the world. We see Australia as an indispensable part of this strategy and a key growth market. With such a strong uptake of crypto in Australia already, we're committed to the local market and aim to build a strong local office."Daniel Ricciardo, Australian F1 driver and OKX Ambassador, said: "I'm very excited to see OKX plan an office in my home country. I had a great time celebrating with the OKX team and the crypto community today. The future looks bright for OKX in Australia."Scotty James, Australian Olympic snowboarder and OKX Ambassador, said: "Crypto never sleeps, and OKX continues to build its community. Australia is a special place for crypto, and it is exciting to see OKX announce it will be opening an office in Australia."OKX's commitment to trust and transparency is showcased by its publishing of Proof of Reserves (PoR) on a monthly basis. OKX holds the largest 100% clean reserves among major exchanges at USD$8.9 billion, according to third party data. Reserves and liabilities can be self-verified with trustless tools on the OKX website.OKX CMO Haider Rafique (left) and McLaren F1 Driver Oscar Piastri (right)OKX Ambassadors Scotty James (left), and Daniel Ricciardo (right) pose with OKX CMO Haider Rafique (center)About OKXOKX is a world-leading technology company building the future of Web3. Known as one of the fastest and most reliable crypto trading platforms for investors and professional traders everywhere, OKX’s crypto exchange is the second largest globally by trading volume and is trusted by more than 50 million users.OKX’s leading self-custody solutions include the Web3-compatible OKX Wallet, which allows users greater control of their assets while expanding access to DEXs, NFT marketplaces, DeFi, GameFi and thousands of dApps.OKX partners with a number of the world’s top brands and athletes, including: English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, golfer Ian Poulter, Olympian Scotty James, and F1 driver Daniel Ricciardo.OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis.To learn more about OKX, download our app or visit: okx.comDisclaimerThis announcement is provided for informational purposes only. It is not intended to provide any investment, tax, or legal advice, nor should it be considered an offer to purchase, sell, or hold digital assets. Digital assets, including stablecoins, involve a high degree of risk, can fluctuate greatly, and can even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific [email protected]

DeFi project Safemoon has announced that its liquidity pool has been compromised, according to a statement on its official Twitter handle. So far, the amount of funds stolen due to the exploit remains unknown. Liquidity Pool Compromised Safemoon stated that it is taking steps to resolve the matter. However, details around the issue remain sketchy at best. “We are taking swift action in an attempt to resolve the issue as soon as possible. Follow here for updates. Thank you for your support as we work to address this situation.” CEO John Karony retweeted the same statement but has not commented further. Safepool is a Metaverse, blockchain, NFT, and Web 3.0 building and innovation ecosystem. However, the company has been at the center of several controversies since its launch in March 2021. The Bug In Question While Safemoon has remained mum about the incident, several others have commented on the developments. Security firm PeckShield has stated that an update to a contract introduced a burn bug that allowed anyone to destroy tokens. PeckShield stated that the upgrade looked to be initiated by a deployer contract, making it possible that there was an admin key leak. However, the firm could not state how much crypto, if any, has been compromised. “Hi @safemoon, The upgrade, with the exploited public burn bug, was initiated by the official SafeMoon: Deployer. (Admin key leak?).” Meanwhile, Web 3.0 developer DeFi mark stated that SafeMoon was hacked for $8.9 million, adding that he was able to identify an obvious exploit. The public burn function allows users to burn tokens from any other address. The attacker exploited this function to remove SFM tokens from the SafeMoon WBNB Liquidity Pool, artificially inflating the price of the native token. Attacker Reaches Out Following the news of the exploit, the protocol’s native SFM token tanked, dropping as much as 30%. However, barely hours after the exploit, the attackers in question responded to a message in the transaction thread, seemingly suggesting that they were willing to return the funds to Safemoon, which indeed they did. Data from Peckshield showed that the attackers had sent 4000 BNB tokens worth $1.2 million. “Hey, relax. We are accidentally frontrun an attack against you. We would like to return the fund, set up a secure communication channel, lets talk.” Controversy’s Child The attack and subsequent compromise could not have come at a worse time for Safemoon, which had recently been promoting its security offering, Orbital Shield. While the exploit is not related to this product, it does not really inspire confidence in the project’s security products. The protocol has been dogged by controversy since its inception in 2021. In 2022, the protocol came under heavy criticism from YouTuber Coffeezilla, who stated that the project’s former CEO, known only as Kyle, had committed fraud. He also alleged that the current CEO had stolen from his own project. The protocol has also been the subject of a number of class action lawsuits, further damaging its reputation. The lawsuits have accused the project of being a pump-and-dump scheme and is in violation of several securities laws. The SFM token saw a considerable surge when one of the lawsuits was dropped. However, that gain proved to be very short-lived. 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.

[PRESS RELEASE – Toronto, Canada, 27th March 2023] Winkles & Flam™, the ‘Cosplaying Canadian Kitties™,’ are the First Original Cartoon Duo of the web3 space, launching exclusively on OpenSea Drops Sphynx Ink Inc. comprises Oscar®-Nominated Filmmaker Adam Benzine (HBO’s Spectres of the Shoah) & BAFTA®-Winning Illustrator Dele Nuga (The BBC’s The Clangers) Non-PFP and non-generative, […]

U.S. prosecutors reportedly agreed to allow Sam Bankman-Fried to stay at home while restricting him from using some electronic devices and apps.

We don’t tax houses while they’re under construction, and we shouldn’t impose taxes on cryptocurrency while it’s staked.

Two lawmakers in one week weighed in against the possibility of a United States central bank digital currency.

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

With the frequent volatility of the crypto market, investors are constantly looking for opportunities to gain substantial returns. Recently, the Chainlink (LINK) price prediction and Avorak’s strong indicators for the next bull run have caught the eye of many investors. What is Chainlink (LINK)? Chainlink is a decentralized Oracle platform that aims to solve the […]