Smart Solutions Token(SST)

Crypto, as an industry, has had an amazing journey of innovation, discoveries, as well as missteps, scandals, lessons learned, and new innovation.  It finds itself seeking strong foundations in decentralization, independence

Key challenges in Bankman-Fried's defense exposed by David Mills, shedding light on missteps and personal ties in FTX fraud trial.

Former Alameda Research CEO Caroline Ellison retook the stand on Wednesday, after testifying that her former boss and boyfriend, Sam Bankman-Fried, had directed many of FTX's now-public missteps.

Developers of the Ethereum blockchain say there was a misconfiguration in the genesis files of the test network, and now they plan to try again in about two weeks.

DeFi, a once-flourishing bastion of financial innovation, is experiencing turbulent times. According to BanklessTimes, an alarming 10% of the market is saturated with fraudulent tokens, which partially explains the prevailing climate of skepticism and distrust.

DeFi, a once-flourishing bastion of financial innovation, is experiencing turbulent times. According to BanklessTimes, an alarming 10% of the market

Tail risk refers to the risk of an asst moving three standard deviations from its current price on the back of a rare event.

Building Trust in Web3: How Bitget is Pushing the Envelope Bitget Redefines Web3 Trust Through Customer-First Initiatives The Web3 ecosystem is growing rapidly, and though its rise has seen numerous intriguing innovations and services, it is no stranger to mishaps and missteps. From protocol hacks to exchange liquidity drying up, the crypto industry is now characterized as a wild west that demands proper policing. This sentiment is not unjustified. Regulators around the world are now beginning to demand accountability from firms serving the digital currency ecosystem. This scrutiny usually centers on crypto startup licensing or know-your-customer (KYC) and anti-money laundering (AML) implementation. Further complicating these matters is that each country has unique regulations for these demands. Nonetheless, a certain level of reliability is in demand for the crypto industry, and countries are following suit. How Bitget is Fitting into These Complex Regulatory Environments Bitget was founded as a futuristic trading platform with a commitment to align with regulations regardless of the country. While this commitment can be challenging, Bitget is built with a strong value system that cannot operate without complying with local regulators. The European Union is currently touting their Markets in Crypto Assets (MiCA) regulation, which has been seen as a comprehensive move toward protecting consumers while promoting crypto industry innovations. The MiCA framework was officially passed by the European Parliament in April with implementation arriving in 2024. In line with the EU helping tame the crypto industry, Bitget has been proactive in accepting and implementing regulatory demands. From the differences in taxation to the implementation of the 5th and 6th anti-money laundering directives, Bitget’s system is designed to help users and clients stay on the right side of regulators. The Core Bitget Products that Fosters Regulatory Compliance One of Bitget’s top features is their impressive 244% reserve ratio. Since liquidity is one of the most important issues for regulators, Bitget has emphasized stability when building confidence for its varied markets and customers. The platform holds 2.5 times the total amount of customer funds as its reserve asset. This solid block of liquidity means Bitget can meet redemption at any time, regardless of the broader market condition. Some earlier bankrupt crypto platforms had a history of commingling customer funds, which is one of the reasons for their swift demise. The custody of user assets on Bitget is separate from other fund classifications and this can be verified at any time through their detailed and accessible proof-of-reserve. This transparency is one of Bitget’s biggest initiatives to build trust. The Bitget Protection Fund Considering the complexity of the ever-evolving crypto market, Bitget also has introduced the Bitget Protection Fund. This fund is a deep liquidity pool that serves as insurance that users can turn to in the case of mishaps. Though Bitget is built for safety and the platform’s firewall is battle-tested, the Protection Fund is its way of going the extra mile in safeguarding its users’ hard-earned capital. The fund is currently valued at $350 million. The platform regularly monitors the liquidity pool and the underlying industry cybersecurity landscape to ensure that the fund remains adequate for user protection. At the moment, the fund is hosted by three, highly-liquid, non-Bitget affiliated digital currencies. These cryptocurrencies include Bitcoin (BTC) which holds a total of 6,500 units, USDT which holds $120 million worth, and USDC which holds approximately $40 million worth. The wallets holding the Protection Fund can be viewed on-chain to confirm their value. According to the exchange, users who have their accounts compromised or assets stolen due to uncontrollable events may make a claim. Bitget is committed to preserving this fund for the next three years, a move that highlights their focus on driving sustainability. A popular Web3 saying goes “Trust But Verify.” Everyone is encouraged to visit the Bitget website to read more and verify the exchange’s proof-of-reserves and Protection Fund for themselves. After all, DYOR. Conclusion A lot has happened in the crypto industry over the past few years that calls for caution. With growing demands from regulators, it is important for users to pitch a tent with a trading platform that adheres strictly to tenets of transparency and prioritizes user safety. Bitget fits this profile better than most, and has the mandate to continuously enhance its systems to serve everyone accordingly. 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.

Building Trust in Web3: How Bitget is Pushing the Envelope Bitget Redefines Web3 Trust Through Customer-First Initiatives The Web3 ecosystem is growing rapidly, and though its rise has seen numerous intriguing innovations and services, it is no stranger to mishaps and missteps. From protocol hacks to exchange liquidity drying up, the crypto industry is now characterized as a wild west that demands proper policing. This sentiment is not unjustified. Regulators around the world are now beginning to demand accountability from firms serving the digital currency ecosystem. This scrutiny usually centers on crypto startup licensing or know-your-customer (KYC) and anti-money laundering (AML) implementation. Further complicating these matters is that each country has unique regulations for these demands. Nonetheless, a certain level of reliability is in demand for the crypto industry, and countries are following suit. How Bitget is Fitting into These Complex Regulatory Environments Bitget was founded as a futuristic trading platform with a commitment to align with regulations regardless of the country. While this commitment can be challenging, Bitget is built with a strong value system that cannot operate without complying with local regulators. The European Union is currently touting their Markets in Crypto Assets (MiCA) regulation, which has been seen as a comprehensive move toward protecting consumers while promoting crypto industry innovations. The MiCA framework was officially passed by the European Parliament in April with implementation arriving in 2024. In line with the EU helping tame the crypto industry, Bitget has been proactive in accepting and implementing regulatory demands. From the differences in taxation to the implementation of the 5th and 6th anti-money laundering directives, Bitget’s system is designed to help users and clients stay on the right side of regulators. The Core Bitget Products that Fosters Regulatory Compliance One of Bitget’s top features is their impressive 244% reserve ratio. Since liquidity is one of the most important issues for regulators, Bitget has emphasized stability when building confidence for its varied markets and customers. The platform holds 2.5 times the total amount of customer funds as its reserve asset. This solid block of liquidity means Bitget can meet redemption at any time, regardless of the broader market condition. Some earlier bankrupt crypto platforms had a history of commingling customer funds, which is one of the reasons for their swift demise. The custody of user assets on Bitget is separate from other fund classifications and this can be verified at any time through their detailed and accessible proof-of-reserve. This transparency is one of Bitget’s biggest initiatives to build trust. The Bitget Protection Fund Considering the complexity of the ever-evolving crypto market, Bitget also has introduced the Bitget Protection Fund. This fund is a deep liquidity pool that serves as insurance that users can turn to in the case of mishaps. Though Bitget is built for safety and the platform’s firewall is battle-tested, the Protection Fund is its way of going the extra mile in safeguarding its users’ hard-earned capital. The fund is currently valued at $350 million. The platform regularly monitors the liquidity pool and the underlying industry cybersecurity landscape to ensure that the fund remains adequate for user protection. At the moment, the fund is hosted by three, highly-liquid, non-Bitget affiliated digital currencies. These cryptocurrencies include Bitcoin (BTC) which holds a total of 6,500 units, USDT which holds $120 million worth, and USDC which holds approximately $40 million worth. The wallets holding the Protection Fund can be viewed on-chain to confirm their value. According to the exchange, users who have their accounts compromised or assets stolen due to uncontrollable events may make a claim. Bitget is committed to preserving this fund for the next three years, a move that highlights their focus on driving sustainability. A popular Web3 saying goes “Trust But Verify.” Everyone is encouraged to visit the Bitget website to read more and verify the exchange’s proof-of-reserves and Protection Fund for themselves. After all, DYOR. Conclusion A lot has happened in the crypto industry over the past few years that calls for caution. With growing demands from regulators, it is important for users to pitch a tent with a trading platform that adheres strictly to tenets of transparency and prioritizes user safety. Bitget fits this profile better than most, and has the mandate to continuously enhance its systems to serve everyone accordingly. 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.

Lucerne, Switzerland, July 27th, 2023, ChainwireSwisstronik, the layer-1 network for building scalable, decentralized applications that ensure users’ privacy while remaining regulatory compliant, is delighted to announce the launch of its first testnet. Swisstronik Testnet 1.0 is available now, bringing immediate benefits to dApp developers including robust encryption and enterprise-grade transaction security through its utilization of Intel SGX technology.The project is aiming to foster real-life adoption of blockchain through a robust, user-friendly and secure network that relies on hardware and software solutions to address challenges around legal compliance, data privacy, and interoperability. Swisstronik aims to become the preferred blockchain solution for dApp developers, individuals, enterprises and anyone else who cares about compliant and safe solutions while staying true to crypto’s ethos of privacy and decentralization.The launch of Swisstronik Testnet 1.0 comes at a time when interest in networks that can support secure, private transactions in a highly regulated environment is growing. Existing privacy solutions are too focused on anonymity, which is anathema to regulations. Amid the tightening regulations around crypto globally, increased regulatory action against cryptocurrency exchanges and early adoption of central bank digital coins (CBDCs), it’s clear that the crypto industry urgently requires a compliant yet privacy-preserving, decentralized alternative. Once CBDCs launch, the industry will require a compliant and compatible bridge between them and the rest of the cryptocurrency ecosystem. This is the gap Swisstronik is aiming to fill with its identity-based blockchain platform powered by the first of its kind Web3 Compliance Suite - a self-regulating network of local personal data verifiers and compliance partners that allows seamless yet compliant cross-border operations..Swisstronik’s Compliance Suite is created to reduce any company's regulatory burden by doing compliance management in a more cost-effective and user-centered manner to ensure privacy and safety for every user. Moreover, because all interactions are executed inside fully encrypted Intel SGX enclaves, Swisstronik nodes cannot access the details of any transaction. The SGX enclaves can be likened to creating a protective wrapper around the EVM, ensuring all transaction information is hidden from the rest of the network. It means every transaction on Swisstronik’s blockchain is fully isolated and safeguarded from prying eyes.In a future update, Swisstronik will bolster its privacy and security features with the addition of zk-SNARKs – cryptographic proofs that allow one party to provably verify information without having to reveal it. Based on zero-knowledge proofs, zk-SNARKs will be especially useful for verifying KYC data and other personal information of users.Swisstronik Testnet 1.0 is fully compatible with the Ethereum Virtual Machine (EVM) standard, meaning developers can seamlessly migrate Ethereum-based dApps and smart contracts to its ecosystem. Future versions of the Swisstronik Testnet will implement the Inter-Blockchain Communication (IBC) protocol, further enhancing the interoperability among Cosmos based-blockchains.Swisstronik anticipates a great deal of interest among dApp developers looking to build compliant offerings and explore data security concepts such as Intel SGX and zk-SNARKs, having received more than 750+ applications for early access to its testnet, despite not making any active efforts to promote the network.To ensure the integrity of its testnet and increase confidence within the community, Swisstronik is delighted to announce the launch of its first Bug Bounty campaign, with a $70,000 reward fund. The campaign will end on September 15, 2023, after which any bugs found will be fixed before the launch of Swisstronik Testnet 2.0 in the autumn.About SwisstronikSwisstronik is building a scalable layer-1 network to address challenges around legal compliance, data privacy, and interoperability in order to boost real-life adoption of the blockchain. Its goal is to become the go-to solution for developers building compliant, privacy-preserving dApps and cryptocurrency users who value data protection and transaction secrecy.Swisstronik is the first platform that lets anyone build compliant yet private dApps with zero legal expertise. It does so with an unprecedented combination of two functionalities – a first of its kind Web3 Compliance Suite that gathers international regulators, KYC issuers and other legal service providers in a self-regulating network, and combination of programmable, hardware-based protection technology based on Intel SGX, and cryptographic techniques based on zero-knowledge proofs. As a result, Web3 companies can become KYC, AML and DPR compliant with minimum costs by launching on Swisstronik or integrating one of its utilities in their dApps on other chains. And users can be sure their data stays private & secure even during identity checks.Twitter - Linkedin - Telegram - Discord - GithubContactMarketing DirectorAlexandra [email protected]

Meme coins have a robust reputation for their potential to deliver huge returns on investment over a short period of time. Meme coin lovers are attracted by projects that could experience exponential growth, leading to high returns overnight. However, finding the right projects is not such an easy task, especially as more and more coins appear on the market each day. To help you out, we’ve done the research on your behalf and we discovered the best altcoins to buy with huge potential for growth in the next period. Here are the 5 crypto picks for 100x returns that currently generate hype and attention within the community: DigiToads (TOADS), Floki Inu (FLOKI), Shiba Inu (SHIB), Dogecoin (DOGE), and Monacoin (MONA). DigiToads DigiToads is one of the few presales this year that have generated huge buzz in the media. However, TOADS is more than a simple meme coin. In fact, this coin departs from the purely speculative business model and puts forward a robust ecosystem with plenty of opportunities to generate returns both actively and passively. DigiToads combines a play-to-earn gaming universe with a stake-to-earn rare feature. These core elements attract gaming enthusiasts, who get to play with digital toads in an immersive world to earn TOADS in gaming competitions, but also long-term investors, who can buy TOADS and use them to purchase and stake trending NFTs in return for regular passive income. Perhaps another crucial aspect is the deflationary nature of the TOADS ERC20 coins. This leads to the scarcity effect, unlike other inflationary coins, which means that TOADS holders do not only stand to benefit from value appreciation but also enjoy the potential for long-term passive returns. FLOKI FLOKI started out as a joke coin, but the dev team decided to expand into key areas like decentralized finance, NFTs, and the Metaverse. Despite being relatively new, just like TOADS, FLOKI is expected by experts to deliver significant growth and success in the next year. The crypto project differentiates itself from other meme coins. Just like TOADS, it focuses on real-life use cases, which are expected to keep generating demand for the token. Shiba Inu Shiba Inu has been at the top of the list for quite some time now. Despite some bumps down the road this year, SHIB is still expected to live up to its reputation. The purpose of SHIB is to become one of the main decentralized cryptocurrencies that focus on a fun community of users. Dogecoin Dogecoin’s cultural appeal has remained unaltered thanks to its lighthearted origin. Just like SHIB, a key driver for growth for this meme coin is the internet meme that has created a strong community. Also, DOGE has enjoyed multiple celebrity endorsements, with figures prominent in business, entertainment, and crypto industries offering attention to this meme coin. Monacoin Monacoin first appeared in Japan and garnered attention after appearing on a Japanese TV network, where land was purchased using MONA. Monacoin is essentially a payment network that facilitates P2P transactions. One of the earliest meme coins, Monacoin enjoys a huge appeal, particularly in the Japanese crypto community. In addition to this, while some meme coins lack utility, MONA is used for multiple purposes, including tipping, donations, or as a means of exchange. Summary The rise of meme coins has taken many by surprise. Among the top contenders, DigiToadsstands out for its unique approach that combines play-to-earn gaming and a stake-to-earn mechanism with multiple community contests and awards. As the meme coin landscape evolves, investors and traders are becoming more discerning than ever. The meme coin market offers huge potential for excitement, adrenaline, and gains, but it’s important to focus on projects like DigiToads with robust growth potential and a solid foundation. Visit DigiToads Presale Mint DigiToads NFTs Here Buy DigiToads NFTs on OpenSea Join the community 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.

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]

ST HELLIER, Jersey, June 6th, 2023, ChainwireOKX, the world’s second-largest cryptocurrency exchange by trading volume and a leading Web3 technology company, and regulated digital asset custody service provider Komainu, today announced that OKX has joined collateral management platform Komainu Connect, enabling institutional customers to conduct secure 24/7 trading of segregated assets under custody through the OKX platform.Launched in April of 2023, Komainu Connect reduces client counterparty risk by removing the need to store collateral with trading counterparties, and offering the ability to keep assets in safe custody instead.Nicolas Bertrand, CEO at Komainu, said: “This strategic partnership marks a milestone in our mission to provide secure and compliant digital asset custody solutions. OKX's reputation as a leading cryptocurrency exchange, combined with our expertise in institutional-grade custody services is paving the way for a new era of trust and innovation in the industry.”Sebastian Widmann, Head of Strategy at Komainu, said: “Komainu Connect is rapidly emerging as the leading collateral management solution. Partnering with one of the world’s largest crypto exchanges is a testament to the infrastructure and expertise committed to this service and our focus remains on seamless execution for all parties.”Lennix Lai, Global Chief Commercial Officer at OKX, said: “Institutions need the peace of mind that comes with knowing their assets are being kept safe with a leading custodian, while retaining their ability to capitalize when investment opportunities arise. That is why we are delighted to partner with Komainu to allow investors a way to keep their assets secure while not compromising on returns.”The off-exchange settlement and tripartite mirroring solution is a significant step forward for large-scale institutional crypto traders requiring immediate access to OKX's market-leading portfolio margin account mode and liquid markets.Komainu was established in 2018 to provide institutions with a secure and compliant custody service for investment in digital assets. Launched in June 2020, Komainu currently custodies assets for exchanges, financial institutions, asset managers, corporations, and government agencies.Find out more about why institutions choose OKX here.About OKXOKX is a world-leading technology company building the future of Web3. Known as the most reliable crypto trading platform for traders, OKX’s crypto exchange is the second largest globally by trading volume.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 OKX's app or visit: okx.comAbout KomainuKomainu is a regulated digital asset custodian built by institutions for institutions and created as a joint venture between Nomura, digital asset manager CoinShares, and digital asset security company Ledger. Offering multi-asset support with regulatory compliance, Komainu is merging traditional financial services with leading security standards for the next generation of institutional custody. Headquartered in Jersey and with offices in London, Dublin, Dubai, and Singapore, Komainu is regulated by the Jersey Financial Services Commission (JFSC) and Dubai Virtual Assets Regulatory Authority (VARA). For more information, visit https://www.komainu.comMedia Contact: Armel Leslie, Peaks Strategies, +1 (914) 320-7620, [email protected] 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]

The Securities and Exchanges Commission’s (SEC) suit against the biggest crypto exchange in the world, Binance, could be a huge misstep if other countries allow the crypto industry to develop and it eventually replaces the traditional banking sector, Jim Bianco, president and founder of Bianco Research said.

Whether the crypto industry wants the spotlight or not, digital assets are among the earliest talking points in the 2024 U.S. presidential election, with the most prominent of the new candidates even invoking bitcoins in his campaign opener as evidence of President Joe Biden’s missteps.

Nike’s .SWOOSH NFT drop was filled with missteps, while a Bitcoin NFT collection topped the charts and NFT lending is gaining momentum with Binance and Astaria entering the market.

Mahe, Seychelles, May 16th, 2023, ChainwireTenet, the first layer-1 blockchain to create a DeFi Ecosystem for Liquid Staking Derivatives (LSDs), has joined forces with Ankr, a leading blockchain infrastructure provider, to increase adoption of LSDs across all blockchains, including those where liquid staking derivatives are currently not available yet.As part of the partnership, Tenet will have discounted pricing on Ankr’s LSD integration services, which allows Proof of Stake Blockchain’s to easily set up liquid staking for their assets with Ankr. In addition, Tenet will help cover some of the integration costs for its partners in exchange for the new Blockchain’s committing a certain amount of LSD assets to Tenet’s network.Proof of Stake networks today dominate the blockchain landscape, with the vast majority of alternative layer-one chains and application specific blockchains (“appchains”) each having their own staking token. Staking is key in securing the network to protect from economic attacks, which means that DeFi use cases that generate alternate sources of yield will potentially reduce the security of the network. By adopting liquid staking derivatives, which allow using staked assets in DeFi, the conundrum is effectively solved — increasing the security of the network as it scales.Most LSD liquidity today comes from Lido, which means that smaller blockchains may need to wait some time before they see their chain integrated. Ankr, on the other hand, has created a white-label system that allows any project to quickly set up their own LSD.By working with Tenet, projects will benefit from both the cheaper LSD integration services, as well as the Tenet layer-1 LSD ecosystem, which allows users to earn maximum yield on their assets by supplying them to various DeFi protocols on its network. In exchange, Tenet partners will need to commit a certain amount of LSD total value locked to Tenet Validators, which boosts its security model.Tenet has a unique model called Diversified Proof of Stake (DiPoS), which supports staking with any LSD asset from other chains, such as ETH, BNB, ATOM, SOL and ADA. This allows Tenet to be partially secured by all its supported networks, dramatically improving security compared to standard single-token Proof of Stake."We're on a mission to bring LSDs to all the top Layer-1 blockchains and make Tenet the defacto place for them to safely earn yield and utility," said Greg Gopman, CEO of Tenet and former CMO of Ankr. “During my time at Ankr, I was inspired by all the amazing LSD products the company launched, but disappointed by their ultimate lack of use. With Tenet, we aim to change this.”As part of the deal, Tenet will commit to using Ankr for its RPC services, as well as other integrations that make sense for the network’s infrastructure. The two companies will also put together a Liquid Staking Conference (side event) at EthCC in Paris, in July 2023.Tenet is currently live on testnet and will launch Mainnet and its token generation event on May 25.About TenetTenet is a DeFi-focused Layer-1 ecosystem, providing liquidity and yield opportunities for liquid staking derivatives (LSDs). Co-founded by Greg Gopman, former CMO of Ankr, and Dan Peterson, former head of revenue operations at Blockdaemon, Tenet aims to unlock the potential of the rapidly growing LSD market, which is currently valued at over $17 billion. Tenet takes a unique approach by sharing security through Diversified Proof of Stake, which allows LSDs to stake to its network and earn yield on their liquid staking assets and participate in the platform's governance.About AnkrAnkr is an all-in-one portal built to support the growth of Web3. They provide multi-chain API connections, dApp development tools, and crypto staking solutions with a global node infrastructure powering it all over 30+ blockchains. As the pioneer of liquid staking, Ankr creates next-generation solutions for supporting validation on several proof-of-stake chains with an industry-leading node delegation system and security. With a Total Value Locked of over $500M, Ankr is the 3rd largest Ethereum staker and go-to staking infrastructure provider for ecosystems like the BNB Smart Chain, Polygon, and [email protected]

Jeremy Sheridan claimed FTX users could become the targets of physical harm as well as attacks through online scams if their information was disclosed.