Month: July 2023

FTX Founder Sam Bankman-Fried’s Attempts to Influence Witnesses Show He Must Be Jailed Before Trial: DOJ

“The defendant’s leaking of Ellison’s private writings is yet another instance of the defendant trying to intimidate and corruptly persuade Ellison with respect to her upcoming trial testimony, as well as an effort to influence or prevent the testimony of other potential trial witnesses by creating the specter that their most intimate business is at risk of being reported in the press,” the filing said. Source

Dogecoin and Floki slide, DigiToads pumping on meme coin frenzy

Meme coins have emerged as a significant trend in crypto, largely inspired by the influence of internet culture and social media.  These coins have gained traction due to their entertaining and interactive features.  However, Dogecoin (DOGE) and Floki (FLOKI) are under pressure, declining from their recent highs. This has prompted investors and traders to question their stability and overall investor confidence. DigiToads (TOADS) stands out by offering full utility to its holders. Users can earn passive income through non-fungible token (NFT) staking. Moreover, play-to-earn (P2E) gaming is attracting investors. Combined,…

Worldcoin is making reality look like a lot like Black Mirror

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Scanning your iris to become a “verified human” in exchange for digital currency sounds like a Black Mirror episode. But this is not the story arc of a dystopian science fiction show — it’s happening now with one of the latest projects in Web3. The launch of Worldcoin on Optimism has left many wondering whether this project is subverting Web3’s promise of decentralization to build just the opposite. And yet, more than 2 million people in underserved areas have already signed up to share their biometric data with Worldcoin in…

Meta Aims to Refresh Horizon Worlds Metaverse With New In-House Gaming Studio Ouro

According to Shah, the platform is also hoping to better target the estimated billions of mobile gamers worldwide by bringing Horizon Worlds to app stores, though it’s unclear when it plans to do that. By integrating cross-platform play, Shah told Lowpass that the mobile version is meant to act as a bridge for those who don’t own a VR headset, shifting the platform further away from being “VR only to a place where we’re going to be VR first.” Source AimsGamingHorizonInHouseMetaMetaverseOuroRefreshStudioWorlds CryptoX Portal

German regulator raised concerns about Binance CEO prior to license application withdrawal: Report

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The German Federal Financial Supervisory Authority, or BaFin, reportedly advised crypto exchange Binance to withdraw its licensing application based on concerns with CEO Changpeng Zhao and the firm’s structuring. According to a July 28 report from The Wall Street Journal, BaFin advised Binance that Zhao, also known as “CZ,” may not have passed a “fit and proper” test under the financial watchdog’s regulatory guidelines. The regulator’s guidelines for a license application state managing directors — in this case referring to CZ — must “have the required professional qualification and be…

Another week of DeFi hacks, but ZK-proof development heats up: Finance Redefined

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Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. The past week in DeFi was dominated by exploits and hacks, with three DeFi platforms losing nearly $39 million. Alphapo’s hot wallets were exploited for over $32 million, Era Lend was drained for $3.4 million, and the decentralized finance protocol Conic Finance was exploited for almost $3.5 million. In better news, the DeFi ecosystem was buzzing with developments in zero-knowledge-proof (ZK-proof) scaling…

XRP Ledger’s L2 Smart Contract Development Reaches Key Stage

Evernode, the XRP Ledger (XRPL) Layer 2 platform, has shared a series of updates on its journey toward launch, offering insights into its progress and the challenges it has faced. XRP Ledger Layer 2 Platform Audit Scheduled For Mid-August Evernode is a Layer 2 platform that seeks to bring smart contracts to the XRP Ledger ecosystem via Hooks. The platform is being developed by a team of experienced developers working to enhance the XRP Ledger network with advanced functionalities. In the first update, Evernode announced that the audit of their…

Pond0X token launch snafu leads to millions of dollars in losses

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The launch of memecoin Pond0x has led to millions of dollars in losses for investors, according to multiple reports on social media on July 28. Data from the Maestro trading app shows that the Pond0x (PNDX) token reached a price of $0.36 before collapsing to near zero in a span of five minutes. Maestro chart of PNDX/USD during its launch. Source: Maestro The launch of Pond0x was announced on July 28 by “Pauly,” the pseudonymous founder of Not Larva Labs who is known only by his Twitter username. Not Larva Labs…

Seda co-founders discuss intersection of oracles and multichain

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The year 2022 was not a very good year for Cosmos and its vision of inter-blockchain communications (IBC). The collapse of the Terra Luna ecosystem (the biggest protocol on Cosmos at the time), tension between co-founders and a fall in the token’s price all cast a shadow on its future prospects. That said, projects such as dYdX and cross-chain oracle protocol Seda continue to call the network home and are adamant about its IBC vision. Currently, Seda says it enables over 12 million data feeds across 24 networks. In an…