Day: December 7, 2023

Namada Launches RPGF Airdrop, Releasing 65M $NAM Tokens to Community

Anoma Foundation’s Namada launches its RPGF airdrop to eligible participants on the network. In a press release this Wednesday, Anoma Foundation, the parent developer of the Namada ecosystem, announced its Namada RPGF (Retro Public Good Funding) airdrop for communities and individuals who helped in building and funding public goods. The RPGF Drop aims to disburse 65M $NAM tokens (6.5% of total supply) to eligible participants starting on 6th December 2023 and ending on 28th December 2023 at 9 AM UTC. Eligible contributors and participants can start to claim their tokens…

Crypto on the Agenda at Republican Presidential Debate

Bitcoin, SBF, ether and SEC Chair Gensler all came up at the Republican presidential debate on Wednesday night. Pro-crypto candidate Vivek Ramaswamy said U.S. regulation needs to catch up to prevent episodes like FTX founder Sam Bankman-Fried defrauding customers and Binance breaking sanctions laws. Ramaswamy announced a plan to drastically reduce the SEC workforce and relax regulations on the crypto industry, advocating for most cryptocurrencies to be treated as commodities outside the SEC’s jurisdiction. “It’s nothing short of embarrassing that Gary Gensler, the SEC chair, couldn’t even confirm in front…

FTX to submit revised reorganization plan in mid-December

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The Official Committee of Unsecured Creditors has written a reply to the FTX 2.0 Customer Ad Hoc Committee, providing insights into the details of its proposed amended reorganization plan. Scheduled for mid-December, the plan is expected to reshape the fate of unsecured creditors. In the letter, recognizing differing perspectives on asset valuation and distribution, the Committee of Unsecured Creditors highlighted the proposed plan’s capacity to maintain a balance among stakeholders’ interests. However, ongoing activities, including a potential acquisition by financial services firm Perella Weinberg that may unfold during the bankruptcy proceedings,…

Apollo Crypto Predicts Bitcoin Price Of $200,000 This Cycle

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Apollo Crypto, a renowned name in the field of cryptocurrency analysis, has recently released a comprehensive report predicting a significant surge in the Bitcoin price, potentially reaching as high as $200,000 in the current cycle. Authored by Henrik Andersson, the report delves into various factors that could contribute to this remarkable growth. A pivotal aspect of the report is the anticipated approval of the first spot Bitcoin Exchange-Traded Fund (ETF) in the United States. Eric Balchunas, the senior Bloomberg ETF analyst, is quoted saying, “There is a 90% chance of…

Crypto Policies Take Center Stage at Republican Presidential Debate

The Republican presidential debate discussed several issues including regulation to protect the sector as well as safeguarding crypto users. The Republican presidential debate in Tuscaloosa, Alabama, on Wednesday, delved into cryptocurrency policies and regulation. Vivek Ramaswamy, who stood out for integrating crypto into his campaign, did not hesitate to address the industry’s challenges. In response to a query about his crypto policy, Ramaswamy referenced the recent legal turmoil involving Changpeng “CZ” Zhao, the former CEO of Binance. Zhao faced charges related to breaking sanctions and money-transmitting laws, igniting a debate…

Pearl Harbor Reminds Us of the Danger of Conspiracy Theories

In the two months since the Hamas terrorist attack on Israel, the U.S. has witnessed an outbreak of antisemitic and anti-Palestinian and Islamophobic episodes. These incidents have been a painful reminder of how some Americans, in the aftermath of national or international crisis, tend to project blame onto entire identity groups, regardless of individual actions or beliefs. Such crude stereotyping has often relied on—and reactivated—deeper, conspiratorial thinking that certain Americans retain divided loyalties and thus pose an inherent threat to national security. To better understand the prejudice and violence of…

a16z Crypto Reveals Top Trends to Look Forward to in Crypto in 2024

At present, the training and operation of AI models is restricted to large tech companies. Crypto has the potential to help create multi-sided, global, permissionless markets where anyone can contribute data and be compensated for it. Venture capital firm Andreessen Horowitz (a16z) has released its “big ideas” for 2024, with its crypto arm composing a list of trends to look forward to in crypto in 2024. The list contains trends that the firm’s crypto partners are looking forward to across sectors such as artificial intelligence (AI), decentralization, and modular technology. We…

Deloitte Taps Polkadot Blockchain Kilt to Provide Digital Shipping Logistics for Hapag Lloyd

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Web3 firms to support ecosystem development through grants amid market uptick

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As Bitcoin (BTC) soared past the $40,000 mark and brought the total crypto market capitalization to $1 trillion, Web3 firms have started to roll out grants to support the development of the blockchain ecosystem.  On Dec. 6, the Worldcoin Foundation, the organization behind the popular Worldcoin (WLD) project backed by OpenAI CEO Sam Altman, announced a $5 million community grants program dubbed “Wave0.” The grants will be disbursed through WLD tokens or stablecoins like USD Coin (USDC). The grant program focuses on various projects such as community organizers, event sponsorships and…

Former Bitzlato CEO Legkodymov Pleads Guilty to $700M Crypto Fraud 

After spending 11 months in custody, Legkodymov pleaded guilty to one count of operating an unregistered exchange. Anatoly Legkodymov, the former CEO of Bitzlato, a cryptocurrency exchange based in Hong Kong, has pleaded guilty to charges of operating an unlicensed money-transmitting business and facilitating the laundering of illicit funds totaling up to $700 million. According to an announcement on Wednesday, the former Bitzlato CEO, popularly known as “Gandalf” or “Tolik”, appeared before Judge Eric Vitaliano at a United States court in Brooklyn, N.Y., where he admitted the crimes. The Genesis…