Day: July 15, 2023

The Flash goes Web3, Yuga Labs still working hard on ‘audacious’ Otherside project and more…

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Warner’s The Flash goes web3, to a lack of applause…. Warner Bros.’ NFT unit has unveiled a new Web3 experience for the recently released DC Comics superhero more The Flash, which reportedly flopped at the box office. According to an announcement from Warner Bros. Digital Collectibles, The Flash Web3 Movie Experience will launch on July 18 and will include NFT collections, AR experiences, access to behind-the-scenes content and the full film in 4K Ultra HD, to name a few. The Flash Web3 experience. Source: Warner Bros. Digital Collectibles. The project…

Twitter is closer to integrating crypto, dogecoin and digitoads likely to rally

Elon Musk, a known advocate of cryptocurrencies, has previously expressed his intention to incorporate crypto payments into Twitter, and recent developments suggest that this vision is inching closer to reality.  Twitter recently obtained three official licenses to operate as a Money Transmitter in three US states, indicating a significant step towards integrating payment features within its app. If crypto payments are added on Twitter, Musk’s favorite meme coins, Dogecoin and DigiToads, might be the first two payment options on the app. Therefore, expecting a price rally of these assets is pretty logical.…

Polygon to replace MATIC with POL token 

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Polygon has announced plans to replace its native MATIC token with POL as part of the Polygon 2.0 upgrade. POL will serve as an instrument of coordination and growth of the Polygon 2.0 ecosystem and the main driver of the project’s vision to become the value layer of the Internet. Polygon unveils POL  Having recently announced the gradual rollout of its network upgrade dubbed Polygon 2.0, the Sandeep Nailwal-led Ethereum layer-2 scaling network is now set…

Former FTX CEO wants to exempt friends from security checks

Former FTX CEO Sam Bankman-Fried wants his close friends to visit him at his parents’ home without undergoing security checks.  On July 13 Bankman-Fried’s lawyers submitted a letter to New York District Court Judge Lewis Kaplan, seeking an exemption for court-approved visitors from the security measures mandated in his bail conditions. The current bail conditions mandate the presence of a security guard at the residence to screen visitors for electronic devices and the requirement for visitors to sign an electronic visitor log. However, Bankman-Fried’s legal team argued that only his…

Allowing Coinbase to go public was not a ‘blessing’ of the business: SEC

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The U.S. Securities and Exchange Commission (SEC) has argued in court that approving a firm’s S-1 application to go public, does not represent a “blessing” from the agency, nor provide a verification that the business is regulatory compliant. In the interest of transparency, here is the transcript from our hearing yesterday in the SDNY case brought against us by the SEC. We appreciate the Court’s careful consideration. https://t.co/NEEsr05fos — paulgrewal.eth (@iampaulgrewal) July 14, 2023 As per July 13 court documents from the pre-motion hearing of the SEC vs Coinbase case,…

Crypto exchanges relist XRP amid Ripple’s partial victory in US

Coinbase, Kraken, and other centralized exchanges in the United States are relisting XRP following Ripple’s ‘partial’ victory over the SEC. In what has been described as a huge landmark and watershed moment for the crypto verse, Judge Analisa Torres of the Southern District Court of New York ruled on July 13 that XRP cannot be entirely considered a security. The ruling is not a clear-cut victory for Ripple. The judge made it clear that the company’s sale of XRP to institutional investors can be considered an investment contract under the…

Multichain halts operations following CEO arrest in China, lost access to servers

Multichain will be shutting down services as a result of the CEO “being taken away by the police” and the issues the team has faced afterwards. Multichain unable to access funds Multichain, a cross-chain protocol formerly known as Anyswap, took to Twitter on July 14 to reveal a rundown which began with the arrest of CEO Zhaojun by Chinese authorities on May 21, stating that the company has been unable to communicate with Zhaojun since his arrest.  1. On May 21, 2023, Multichain CEO Zhaojun was taken away by the…

Master ETC Mining: The Premier Ethereum Classic Mining Pool

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Hiveon is a highly regarded participant in the cryptocurrency space. Transforming the way people perceive and interact with digital assets. With a forward-thinking approach, Hiveon’s goal is to establish a decentralized and inclusive financial ecosystem that empowers individuals to have complete control over their wealth and transactions. At the core of this ecosystem lies Ethereum Classic (ETC), a well-known blockchain platform. ETC is a variation of the widely recognized Ethereum network, embodying the principles of transparency and immutability. It upholds the very essence of blockchain technology. ETC boasts a significant…

Crypto lending protocol Geist Finances ceases operations after Multichain shutdown

Geist Finance has decided not to reopen after Multichain’s confirmation that the funds will remain unrecoverable. The unavailability of accurate valuation for Multichain assets due to the Chainlink oracles tracking real USDC, USDT, WBTC, or ETH values, has further contributed to this outcome. Resume borrowing activities Geist, a lending protocol operating on the Fantom (FTM) network, had over $29 million worth of cryptocurrency assets locked in its contracts before the Multichain hack. The platform allowed users to utilize bridged tokens from Multichain, such as USD coin (USDC), tether (USDT), bitcoin…