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03 Jan 2023 05:54

🔐 Token unlocks worth $169M scheduled in January

There are six token unlocks scheduled to take place between Jan. 16 and Jan. 27, with a total amount equating to $169 million, Wu Blockchain reported, citing data from Token Unlocks. The unlock is scheduled on Jan. 12 and represents 0.454% of the total supply.

The six tokens in question are Moonbeam (GLMR), Aptos (APT), BitDAO (BIT), ApeCoin (APE), Axie Infinity (AXS), and Ronin (RON). The first unlock is GLMR’s on Jan. 11. The project will unlock 46,182,879.41 tokens that account for 4.618% of the total token supply. The USD equivalent of the unlock will be around $15 million. The second unlock will release 4,543,478.03 APT tokens, equating to around $16 million.

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01 Jan 2023 02:26

🪙 Dogecoin Drops 13% On Rumors Of An Ethereum-Like Merger

Dogecoin is one of the most volatile meme coins, which has been losing value as 2022 approaches, amid speculation of a possible proof-of-stake switch. Dogecoin’s price has dropped 13% in the last week and 6% in the last 24 hours to slightly less than $0.07.

According to CoinGecko data, the price of Dogecoin has decreased 13% in the last week and 6% in the previous 24 hours to slightly under $0.07. The notoriously volatile meme coin has dropped this week amid concerns about prospective modifications to the cryptocurrency’s existing energy-intensive proof-of-work mining methodology. Dogecoin remains the second largest proof-of-work cryptocurrency, trailing Bitcoin’s $316 billion market cap.

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30 Dec 2022 07:05

🏦 Gemini faces lawsuit for violating the U.S. Exchange Act

Crypto exchange Gemini and its founders, the Winklevoss twins, are facing a class-action lawsuit for allegedly not registering their interest-bearing accounts as securities and thereby violating the U.S. Exchange Act, according to a Tweet by crypto influencer ODELL.

The investors also claimed that the exchange withheld information concerning the risks associated with Gemini Earn and its partners related to the program. Gemini promised up to 8% returns on investment, which it failed to provide due to Genesis Global’s liquidity issues resulting from the FTX collapse. On Dec. 5, the exchange formed a committee to tackle the liquidity problem affecting the Gemini Earn users.

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29 Dec 2022 06:39

📣 TD VC Launches A $100 Million Web3 Special Situation Fund

According to Einnews reports, TD VC parent company TradeDog Group announced the launch of a $100 million Web3 special situation fund and provided a $10 million GP commitment.

A portion of TD VC, a multi-strategy fund, is devoted to the flagship strategy of “special situations investment.” By doing this, TD VC will give cryptocurrency businesses customized financial infusions based on the needs of the token. This tactical choice demonstrates TradeDog Group’s dedication to Web3 technology and blockchain-based applications. It creates a pathway for supporting Web3.

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27 Dec 2022 07:53

🇺🇦 Ukrainian Steals Bitcoin From Russian Darknet Market, Donates to Charity

A Ukrainian living in the U.S. has reportedly hacked a major drug market on the Russian dark web, diverting some of its crypto proceeds. The man says he donated the digital cash stolen from the illicit website to an organization delivering humanitarian aid across his war-torn homeland.

Ukrainian-born cyber intelligence expert Alex Holden, who left Kyiv as a teenager in the 1980s and now lives in Mequon, Wisconsin, claims he has hacked into Solaris, one of Russia’s largest online drug markets, Forbes informs in a report. The cryptocurrency, worth over $25,000, was later transferred to Enjoying Life, a charitable foundation based in the Ukrainian capital.

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25 Dec 2022 06:43

💰 Judge in SBF Case Recuses Herself Over Husband’s Firm’s Past Work for FTX

The judge assigned to oversee the blockbuster criminal trial of Sam Bankman-Fried recused herself from the case late Friday, citing a potential conflict of interest stemming from the fact that her husband’s law firm previously advised FTX, Bankman-Fried’s now-defunct crypto exchange.

Federal judge Ronnie Abrams of the US District Court for the Southern District of New York formally withdrew from adjudicating the case on Friday afternoon, just one day after Bankman-Fried was released from custody to stay with his parents in their Palo Alto home as he awaits trial on eight criminal charges including wire fraud, conspiracy to commit money laundering, and violations of federal campaign finance laws.

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24 Dec 2022 07:16

📣 Crypto unicorn Mythical Games alleges former execs used company secrets to raise $150 million

Andreessen Horowitz-backed crypto gaming unicorn Mythical Games has filed a suit alleging that three former high-level executives violated their fiduciary duty by using company contacts and strategy to secure $150 million in funding.

Mythical Games filed the lawsuit in the Superior Court of the State of California in Los Angeles County’s Central District on Thursday. The suit names Rudy Koch, Chris Ko and Matthew Nutt of Fenix Games as defendants. Koch, Ko and Nutt all worked at Mythical Games until departing last month. Koch was the company's co-founder.

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22 Dec 2022 02:01

🪙 Waves CEO calls futures markets ‘breeding ground for FUD,’ requests exchanges disable trading

Waves (WAVES) founder Sasha Ivanov has begged all centralized exchanges to disable the futures markets for the digital asset in a Dec. 21 tweet.The Waves CEO tagged the social media handle of several crypto exchanges including Binance, OKX, Huobi, Kraken, and others in his tweet.

According to Investopedia, a futures market allow participants to buy and sell an asset at a predetermined future date and price. Meanwhile, when Ivanov was advised to buy more spot WAVES tokens to squeeze the short sellers, he revealed that he does not trade and the only asset he holds is the embattled token.

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20 Dec 2022 08:41

🇦🇷 Argentina fan token dumps 50% despite World Cup win

Argentina’s fan token ARG dumped over 50% of its value, trading for as low as $2.68 from over $6 in the last 24 hours despite the country winning the 2022 FIFA World Cup in Qatar, according to CryptoSlate data.

The drop in the fan token’s value is a surprise, as holders would have expected the victory to increase ARG’s value. It was unclear why the asset experienced a huge sell-off. The fan token had declined by over 30% during the early days of the tournament when Argentina suffered a shock defeat to Saudi Arabia. ARG shed over 60% of its value during the World Cup tournament.

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18 Dec 2022 03:10

💰 Bankman-Fried said he ‘doesn’t give a sh*t’ about his legacy 3 months before FTX collapse

FTX founder Sam Bankman-Fried (SBF) was once touted as the cryptocurrency king, a reputation that has eroded with the exchange’s collapse resulting in his arrest over fraud charges. Before the collapse.

Bankman-Fried had exuded confidence about the trading platform’s future, sharing the plans to expand FTX and his legacy. Indeed, in an interview (min 23:40) with CNBC on September 16, Bankman-Fried noted that he does not care about his legacy in the crypto space, maintaining his primary focus was on creating impact.

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16 Dec 2022 03:38

💰 FTX used 'weird Korean account' to mask Alameda liabilities, CFTC says

Former CEO of FTX Sam Bankman-Fried directed company executives to reallocate Alameda Research's large liability with the exchange to "the weird Korean account" to mask its liability with the firm, according to a complaint by the Commodities Futures Trading Commission.

The CFTC, the U.S. Securities and Exchange Commission (SEC) and the U.S. Attorney's Office for the Southern District of New York (SDNY) all brought numerous charges of fraud against Bankman-Fried on Tuesday over the collapse of FTX and Alameda. Bankman-Fried is currently being held in jail in the Bahamas awaiting an extradition hearing, after not receiving bail.

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14 Dec 2022 07:44

📣 Crypto insurance firm Evertas raises $14 million from Polychain Capital

Crypto insurance firm Evertas secured $14 million in funding in a Series A round, according to a report from CoinDesk. Several angel investors also participated including former Coinbase executive Balaji Srinivasan and BH Digital's Colleen Sullivan.

Evertas is a specialist insurance firm for the crypto industry which offers insurance for everything from theft and loss in relation to crime and custody, to more niche services like coverage for malfunctioning smart contracts.The startup, founded in 2017, previously raised $5.8 million in a seed round this time last year led by Morgan Creek Digital, which also led Evertas' $2.8 million seed raise in 2020.

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12 Dec 2022 03:10

💰 FTX Co-Founder Sam Bankman-Fried Agrees to Testify Before US Congress

The co-founder of collapsed crypto exchange FTX, Sam Bankman-Fried (SBF), has agreed to testify at one of the two congressional hearings set for next week. “I had thought of myself as a model CEO, who wouldn’t become lazy or disconnected,” Bankman-Fried claimed.

Former FTX CEO Sam Bankman-Fried (SBF) has agreed to testify before the House Committee on Financial Services after the committee’s chair, Congresswoman Maxine Waters, politely tweeted inviting him to testify several times. Another congressional hearing is set for Wednesday, Dec. 14. U.S. Senator Sherrod Brown.

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10 Dec 2022 06:44

⚡️ Nouns DAO $123K donation to ZachXBT blocked, vote to be repeated

A Nouns DAO’s plan to donate 100 ETH ($123,000) to ZachXBT has unexpectedly been called off, after the on-chain proposal to do so was canceled. The identity of the person responsible for doing so is still unknown. The wallet address responsible for canceling the already finalized proposal.

Nouns DAO will have to repeat the process following this latest development. This incident does, however, raise the question of how someone was able to cancel a finalized DAO governance proposal. The issue stems from the fact that Kim delegated his tokens to House of Nouns, the DAO’s governance client, before the vote was executed. By so doing, Kim lost voting power and this enabled someone to cancel the proposal.

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08 Dec 2022 06:53

🪙 TRON Academy Expands as University Blockchain Clubs Thrive

The TRON Academy initiative officially launched November 12–13, 2022, as part of the TRON Grand Hackathon 2022 “Hacker House” event on the campus of Harvard University. experience an enriching community with their blockchain clubs.

TRON Academy's industry-leading curriculum provides a comprehensive blockchain education for the next generation of technology leaders. With an inspiring learning environment, they empower students to change the world with blockchain. The hope is to connect with talented students and help them tap into TRON development opportunities at an early stage.

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02 Jan 2023 09:09

⚡️ Crypto Exchange Wash Trading Stats Depict Worrying Picture

Crypto platforms with 70% total reported volume of wash trading moved up by 46 positions in rankings. It’s no secret that wash trading continues to plague the crypto market. A paper titled “Crypto Wash Trading,” published by the National Bureau of Economic Research (NBER).

The nonprofit research organization studied 29 major exchanges, such as Binance, Coinbase, and Huobi, as well as lesser-known exchanges from a period of July 9th to November 3rd, 2019. Based on the rank of third-party websites, representativeness, and API compatibility, the crypto exchanges were classified into Tier-1 (ranked in the top 700 in the finance/investment section of SimilarWeb and Tier-2.

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31 Dec 2022 02:03

🆘 Bitmain Founder-Backed Asset Manager to Delist Solana

The Solana ecosystem that was once heavily tied to Sam Bankman-Fried’s FTX has been badly wounded after the collapse. As debates accelerated over the prospects of Solana, its native token – SOL – has plummeted 96% from its all-time high of $260 in November last year.

According to the reports, the company now has intentions to roll out new SOL products in the near future. However, the collapse of Sam Bankman-Fried’s crypto empire and Solana’s close ties with it dented market confidence. The consequences of growing skepticism in the community more than a month after the implosion have severely affected the Solana ecosystem.The development activity on the network also suffered significantly as a result.

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29 Dec 2022 21:21

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28 Dec 2022 06:57

🆘 Defrost Finance Reveals Scam Signs By Failing To Perform KYC

According to CertiK Alert, a cryptocurrency real-time alerts platform, the Defrost Finance initiative is an attempt to defraud investors by pretending to be an exit scam. In addition to this, they asserted that the Defrost Finance team.

The Defrost Finance initiative has been identified as an exit scam by the CertiK monitoring service. CertiK made multiple attempts to get in touch with different members of the team, but none of them were successful. In addition to this, CertiK made the statement that “the team did not perform KYC, but we are aiding the authorities with all of the information we have.” According to the rumors, CertiK is the auditing firm that is working on the Defrost Finance initiative.

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26 Dec 2022 03:15

💰 1inch Network Introduces Fusion Update for DeFi Swaps

The popular DEX aggregator announced the launch of Fusion, which focuses on the 1inch Swap Engine and aims to enhance user experience with DeFi swaps. Users will be able to choose between three options with the Fusion mode.

The press release shared with CryptoPotato informed that 1inch Swap Engine “facilitates Fusion, which empowers DeFi users to place orders with a specified price and time range, paying no network fees.”. The team said Fusion mode allows users to swap tokens on various decentralized exchanges without paying any network fees, “at the most favorable rates.”

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24 Dec 2022 15:17

$TIME is the most oversold coin.

Located in the accumulation zone 53-57.
Could pump hard 🚀🚀
I am buying some.

A few key points about the project:

1. Founded in 2016, Chrono.tech operates the biggest crypto freelance platfrom - LaborX. Seems like there're some special perks for TIME holders.
2. Token is already listed on tier-1 exchanges, including Coinbase and Kucoin.

3. In the near future the TIME token will be listed on two top exchanges.

4. TIME-30D Fixed Promotion on KuCoin, APR of 72%! WOW😳

The price stabilized at around 53-57, looks good for a medium term holding.

P.S: Not financial advice.
DYOR🚀

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23 Dec 2022 07:35

⚡️ California Regulator Orders Halt to MyConstant’s Crypto Lending Services

California financial regulators have ordered online crypto loans platform MyConstant to desist from offering some of its crypto-related products in the state. The Department of Financial Protection and Innovation (DFPI) blocked the platform.

The DFPI alleged in an action that MyConstant engaged “in the business of acting as a finance lender or broker” without the needed license. Additionally, since at least 2020, MyConstant allegedly offered and sold “unqualified, nonexempt securities in issuer transactions in the State of California by offering two interest-bearing products.”. MyConstant offered loan brokering services for personal loans.

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21 Dec 2022 07:22

💰 FTX Now Seeking 'Prompt Return' of Sam Bankman-Fried's Political Donations

The team overseeing FTX's bankruptcy proceedings has warned that donations made by former CEO Sam Bankman-Fried or other executives should be returned. FTX's operations are now overseen by its new CEO John J. Ray III.

FTX said the exchange had already “been approached by a number of recipients of contributions or other payments” made by or at the direction of Sam Bankman-Fried or other officers. FTX said in a statement, adding that it’s “working with these recipients to secure the prompt return of such funds.

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19 Dec 2022 06:31

📣 Dutch Bitcoin Exchange Bitvavo Alleges Digital Currency Group Is Having ‘Liquidity Problems’

Dutch cryptocurrency exchange Bitvavo says it has 280 million Euros ($297 million in USD) stuck with Digital Currency Group (DCG), or 17.5% of the $1.6 billion Euros Bitvavo says it manages in deposits and other assets.

Bitvavo claims in a blog post that DCG is “experiencing liquidity problems due to the current turbulence in the cryptomarket” and that DCG “has suspended repayments until this liquidity issue has been resolved.”.DCG spokesperson told Reuters that the funds are held by its “independent subsidiary” Genesis

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17 Dec 2022 04:28

🏦 Coinbase creates self-service recovery of unsupported ERC-20 tokens sent to exchange

Leading crypto exchange Coinbase has announced the launch of its asset recovery tool, which enables users to recover up to 4,000 unsupported ERC-20 tokens. Dec. 15 that it has developed a self-service recovery tool for ERC-20 tokens.

Previously, users who sent tokens not registered on the Coinbase Ledger were at risk of not receiving them in their wallets. As a result, the funds remained unrecoverable since Coinbase does not have access to the private keys needed to reverse the transactions. Eligible Coinbase users can easily redirect lost assets to their self-custodial wallet, without disclosing their private keys.

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15 Dec 2022 03:35

🇦🇺 Australia to Launch Crypto Licensing Regime to ‘Modernize’ Financial System

Australia will introduce a new framework for regulating crypto firms next year as part of wider plans to modernize the country’s financial system. “including the advent of new digital products and services.”.

The move represents the next steps for the relatively new Government, which came to power in May under Prime Minister Anthony Albanese. The Government also outlined plans on Wednesday to update the country’s payments systems, strengthen its financial market infrastructure, and regulate Buy Now, Pay Later products like Afterpay.

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13 Dec 2022 03:42

🟠 Binance Labs Leads Funding Round For Web3 Security Startup

Aligning with ambitious investment plans in the ongoing bear market, Binance Labs – the venture capital arm of the world’s largest crypto exchange – announced leading a private round II for GoPlus Security.

According to the official blog post, Go Plus Security also intends to use the funds to launch a security service marketplace at the end of 2022. The move comes days after Binance CEO, Changpeng Zhao (CZ), confirmed plans to use an astonishing reserve of $1 billion on acquisitions and investments.

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11 Dec 2022 04:31

💰 SBF Denies He Tried to Attack Tether, 'Hunted' Three Arrows’ Terra Positions

Former FTX CEO Sam Bankman-Fried has deflected a lot of the allegations leveled at him since his resignation, but today pointedly said he did not target Terra or Tether’s stablecoins.“I made a lot of big mistakes this year. But this wasn’t one of them,” Bankman-Fried wrote on Twitter early Friday morning.

It was a reply to a tweet from the co-founder of defunct crypto hedge fund Three Arrows Capital Su Zhu, who said he’d been asked why he and TerraForm Labs co-founder Do Kwon have become so outspoken since FTX’s collapse at the start of November. Please, please focus on your own house.”

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09 Dec 2022 03:11

📣 Kim Kardashian, Floyd Mayweather EthereumMax Lawsuit Dismissed

A federal judge in California has dismissed a class action suit against several notable celebrities, including Kim Kardashian and Floyd Mayweather, for promoting the cryptocurrency EthereumMax (EMAX). The lawsuit was first filed in January.

The judge reportedly stated that it was unclear if the plaintiffs had seen the specific promotions shared by the celebrities. Judge Michael Fitzgerald also said that investors should be expected "to act reasonably before basing their bets on the zeitgeist of the moment.".Despite the dismissal, Judge Fitzgerald said the plaintiffs can refile with amended claims.

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07 Dec 2022 04:38

💰 Warner Music Group and Polygon team up on virtual vinyl platform

Polygon and Warner Music Group have teamed up with e-commerce platform LGND.io to roll out a multi-year web3 music program that will allow users to play digital vinyl on-the-go. will support digital collectibles from any blockchain even though it has Polygon as its main partner.

Upon its launch in January, it will sell its own digital collectables, which will give customers access to special content and experiences from their favorite artists. The new collaboration marks Warner Music Group's latest step into web3, following its arrangement with marketplace giant OpenSea. The collaboration was set up to spearhead NFT drops for its artists. WMG also has moved to build out its metaverse partnerships teams in recent months.

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