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🎁 About: Receive and send cryptocurrency payments with PassimPay securely and quickly
📑 Information:
🔘 We offer a user-friendly cryptocurrency payment system for personal and business purposes. It is a simple, intuitive multifunction tool that will help improve your financial management.
🔘 With PassimPay, you get access to the world's biggest financial market, instant payments to and from millions of users worldwide, safe crypto storage, which supports over 20 coins and much more.
✅ What we Offer:-
◾️ Instant transactions.
◾️ Scheduled and Auto payments, templates, whitelists and other settings.
◾️ Floating withdrawal fees between 0.1% and 1% for personal and never more than 3.5% for business accounts.
◾️ Account and transaction security: 2FA, IP-tracking, Master key, Alarm system, etc.
◾️ Simple API integration for any website.
◾️ Tutorial videos and detailed guides on registration, API integration, etc.
📢 Simple. Convenient. Reliable. Enjoy all the benefits of cryptocurrencies with PassimPay. Sign up here!
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Binance concealed ties to China for years, even after 2017 crypto crackdown.🌸
Documents reviewed by the Financial Times show that Binance kept staff and operations in China despite announcing its departure in 2017.
😼Binance CEO Changpeng "CZ" Zhao and other senior executives have been for years concealing the crypto exchange ties with China, according to documents obtained by the Financial Times.
In a report on March 29, FT claims that Binance had substantial ties to China🇨🇳 for several years, contrary to the company's claims that it left the country after a 2017 ban on crypto, including an office still in use by the end of 2019 and a Chinese bank used to pay employees.
“We no longer publish our office addresses people in China can directly say that our office is not in China,” 👈Zhao reportedly said in a company message group in November 2017.
Employees were told in 2018 that wages would be paid through a Shanghai-based bank. A year later, personnel on payroll in China were required to attend tax sessions in an office based in the country, according to FT.
💁Based on the messages, Binance employees discussed a media report that claimed the company would open an office in Beijing in 2019. “Reminder: publicly, we have offices in Malta, Singapore, and Uganda. Please do not confirm any offices anywhere else, including China.”
The report backs up accusations made in a lawsuit filed on March 27 by the United States Commodity Futures Trading Commission (CFTC) against the exchange, claiming that Binance obscured the location of its executive offices, as well as the “identities and locations of the entities operating the trading platform.”
🔍According to the lawsuit, Zhao stated in an internal Binance memo that the policy was intended to “keep countries clean of violations of law” by “not landingcom anywhere. This is the main reason .com does not land anywhere.”
👋In response to the FT report, a Binance spokesperson told Cointelegraph that the company "does not operate in China nor do we have any technology, including servers or data, based in China," adding that "we strongly reject assertions to the contrary."
Documents reviewed by the Financial Times show that Binance kept staff and operations in China despite announcing its departure in 2017.
😼Binance CEO Changpeng "CZ" Zhao and other senior executives have been for years concealing the crypto exchange ties with China, according to documents obtained by the Financial Times.
In a report on March 29, FT claims that Binance had substantial ties to China🇨🇳 for several years, contrary to the company's claims that it left the country after a 2017 ban on crypto, including an office still in use by the end of 2019 and a Chinese bank used to pay employees.
“We no longer publish our office addresses people in China can directly say that our office is not in China,” 👈Zhao reportedly said in a company message group in November 2017.
Employees were told in 2018 that wages would be paid through a Shanghai-based bank. A year later, personnel on payroll in China were required to attend tax sessions in an office based in the country, according to FT.
💁Based on the messages, Binance employees discussed a media report that claimed the company would open an office in Beijing in 2019. “Reminder: publicly, we have offices in Malta, Singapore, and Uganda. Please do not confirm any offices anywhere else, including China.”
The report backs up accusations made in a lawsuit filed on March 27 by the United States Commodity Futures Trading Commission (CFTC) against the exchange, claiming that Binance obscured the location of its executive offices, as well as the “identities and locations of the entities operating the trading platform.”
🔍According to the lawsuit, Zhao stated in an internal Binance memo that the policy was intended to “keep countries clean of violations of law” by “not landingcom anywhere. This is the main reason .com does not land anywhere.”
👋In response to the FT report, a Binance spokesperson told Cointelegraph that the company "does not operate in China nor do we have any technology, including servers or data, based in China," adding that "we strongly reject assertions to the contrary."
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More than 3,600 Bitcoin ATMs went offline to record largest monthly decline.
With 3,627 crypto ATMs going down last month, March 2023 becomes the month with the largest monthly decline of crypto ATMs.🤟
Contradicting the growing global Bitcoin adoption rate, physical ATMs dedicated to fiat-crypto conversions are on the decline. In March alone, 3,627 crypto ATMs were removed from the network, bringing down the total ATMs to 33,727.
In the decade since the first Bitcoin ATM was launched on Oct. 29, 2013, the net change of cryptocurrency machines installed and removed monthly remained positive most times — implying that total crypto ATMs worldwide were steadily increasing. 🙊However, the trend is reversing, according to data from Coin ATM Radar.
💸As shown above, net crypto ATM installations declined for four months between September 2022 and March 2023. However, with 3,627 crypto ATMs going down last month, March 2023 stands out as the month with the largest monthly decline.
The chart above shows the number of Bitcoin machines installed over time, revealing the sudden drop in the total crypto ATMs. The significance of this reduction seems enormous, considering that the highest number of ATMs installed in a month was 2,048 — back in January 2021.
👉On the bright side, April broke the three-month-long downtrend by recording 37 crypto ATM installations on April 1. Current market leaders in manufacturing crypto ATMs are General Bytes, BitAccess and Genesis Coin.
After losing customer funds in a “security incident” in March that saw its customers’ hot wallets accessed, General Bytes promised to reimburse the losses.
“We have taken immediate steps to prevent further unauthorized access to our systems and are working tirelessly to protect our customers,”👈 General Bytes said in a statement.
With 3,627 crypto ATMs going down last month, March 2023 becomes the month with the largest monthly decline of crypto ATMs.🤟
Contradicting the growing global Bitcoin adoption rate, physical ATMs dedicated to fiat-crypto conversions are on the decline. In March alone, 3,627 crypto ATMs were removed from the network, bringing down the total ATMs to 33,727.
In the decade since the first Bitcoin ATM was launched on Oct. 29, 2013, the net change of cryptocurrency machines installed and removed monthly remained positive most times — implying that total crypto ATMs worldwide were steadily increasing. 🙊However, the trend is reversing, according to data from Coin ATM Radar.
💸As shown above, net crypto ATM installations declined for four months between September 2022 and March 2023. However, with 3,627 crypto ATMs going down last month, March 2023 stands out as the month with the largest monthly decline.
The chart above shows the number of Bitcoin machines installed over time, revealing the sudden drop in the total crypto ATMs. The significance of this reduction seems enormous, considering that the highest number of ATMs installed in a month was 2,048 — back in January 2021.
👉On the bright side, April broke the three-month-long downtrend by recording 37 crypto ATM installations on April 1. Current market leaders in manufacturing crypto ATMs are General Bytes, BitAccess and Genesis Coin.
After losing customer funds in a “security incident” in March that saw its customers’ hot wallets accessed, General Bytes promised to reimburse the losses.
“We have taken immediate steps to prevent further unauthorized access to our systems and are working tirelessly to protect our customers,”👈 General Bytes said in a statement.
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😧Crypto exchange backed by 3AC founders launches with claims trading plans.
OPNX CEO Leslie Lamb said the exchange planned to launch claims trading aimed at helping users from bankrupt crypto platforms including FTX and Celsius.
Su Zhu and Kyle Davies, founders of the collapsed hedge fund Three Arrows Capital (3AC), have announced the launch of the crypto project Open Exchange, or OPNX.
🙂Both Zhu and Davies retweeted the April 4 launch announcement from OPNX chief executive officer Leslie Lamb, who said the exchange was open to “trade spot and futures immediately.” According to the CEO, the launch of the exchange was aimed at wanting to “help the industry” amid the collapse of platforms including FTX and Celsius.
“Claims trading will be the next thing that we launch, so that these claimants can have an opportunity to be made whole again,”👈 said Lamb.
The exchange, a brainchild of the 3AC co-founders as well as higher-ups from crypto investment platform Coinflex — currently subject to a restructuring plan approved in Seychelles — launched its website in February. Three Arrows Capital, the crypto-friendly hedge fund that once held $10 billion worth of assets, went bust amid the 2022 market crash.
😁Following the collapse of 3AC, Coinflex CEO Mark Lamb and co-founder Sudhu Arumugam later said they would be working with Zhu and Davies to build a new platform, reportedly originally pitched as ‘GTX’ before settling on OPNX. Authorities in the United States have also issued a subpoena to Davies via Twitter regarding his alleged role in 3AC’s collapse.
🌿At the time of publication, both Davies’ and Zhu’s whereabouts were unknown. However, both 3AC co-founders have continued to be active on social media channels.
OPNX CEO Leslie Lamb said the exchange planned to launch claims trading aimed at helping users from bankrupt crypto platforms including FTX and Celsius.
Su Zhu and Kyle Davies, founders of the collapsed hedge fund Three Arrows Capital (3AC), have announced the launch of the crypto project Open Exchange, or OPNX.
🙂Both Zhu and Davies retweeted the April 4 launch announcement from OPNX chief executive officer Leslie Lamb, who said the exchange was open to “trade spot and futures immediately.” According to the CEO, the launch of the exchange was aimed at wanting to “help the industry” amid the collapse of platforms including FTX and Celsius.
“Claims trading will be the next thing that we launch, so that these claimants can have an opportunity to be made whole again,”👈 said Lamb.
The exchange, a brainchild of the 3AC co-founders as well as higher-ups from crypto investment platform Coinflex — currently subject to a restructuring plan approved in Seychelles — launched its website in February. Three Arrows Capital, the crypto-friendly hedge fund that once held $10 billion worth of assets, went bust amid the 2022 market crash.
😁Following the collapse of 3AC, Coinflex CEO Mark Lamb and co-founder Sudhu Arumugam later said they would be working with Zhu and Davies to build a new platform, reportedly originally pitched as ‘GTX’ before settling on OPNX. Authorities in the United States have also issued a subpoena to Davies via Twitter regarding his alleged role in 3AC’s collapse.
🌿At the time of publication, both Davies’ and Zhu’s whereabouts were unknown. However, both 3AC co-founders have continued to be active on social media channels.
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Celsius Network to make April 12 filing, including info on voting for restructuring plan😼
👋“Our Disclosure Statement will provide a summary of the Plan, account-holder recovery percentages, FAQs, and additional information on certain risk factors,” said Celsius.
Bankrupt crypto lender Celsius Network has announced it will be moving forward on its Chapter 11 restructuring plan with a disclosure statement containing information for claim holders.
😊In a April 7 notice to users, the Celsius debtors said they will file a disclosure statement on April 12. A March 31 court filing in United States Bankruptcy Court for the Southern District of New York said the statement was aimed at providing “adequate information” for claim holders to vote on the proposed restructuring plan sponsored by NovaWulf.
Celsius first presented the plan in February, which proposed creating a public platform fully owned by Earn creditors called NewCo. The committee of unsecured creditors will appoint the majority of the firm’s board members, with no "Celsius founder involvement or relationship."
🔍According to the debtors’ statement regarding the plan, the April 12 filing will include details of events leading up to Celsius’ bankruptcy, projected recoveries for certain stakeholders should the restructuring plan be approved, and answers to frequently asked questions. The bankruptcy court is expected to conduct a hearing regarding approval of the disclosure statement on May 17, with a vote on the plan to follow.
🤨Since filing for Chapter 11 in July 2022, Celsius’ bankruptcy proceedings in court have included discussions on assets from the firm’s Earn program, crypto holdings, Bitmain coupons, and personal information of its users. In March, the bankruptcy judge approved a settlement plan allowing Celsius custody account holders to get back 72.5% of their crypto.
👋“Our Disclosure Statement will provide a summary of the Plan, account-holder recovery percentages, FAQs, and additional information on certain risk factors,” said Celsius.
Bankrupt crypto lender Celsius Network has announced it will be moving forward on its Chapter 11 restructuring plan with a disclosure statement containing information for claim holders.
😊In a April 7 notice to users, the Celsius debtors said they will file a disclosure statement on April 12. A March 31 court filing in United States Bankruptcy Court for the Southern District of New York said the statement was aimed at providing “adequate information” for claim holders to vote on the proposed restructuring plan sponsored by NovaWulf.
Celsius first presented the plan in February, which proposed creating a public platform fully owned by Earn creditors called NewCo. The committee of unsecured creditors will appoint the majority of the firm’s board members, with no "Celsius founder involvement or relationship."
🔍According to the debtors’ statement regarding the plan, the April 12 filing will include details of events leading up to Celsius’ bankruptcy, projected recoveries for certain stakeholders should the restructuring plan be approved, and answers to frequently asked questions. The bankruptcy court is expected to conduct a hearing regarding approval of the disclosure statement on May 17, with a vote on the plan to follow.
🤨Since filing for Chapter 11 in July 2022, Celsius’ bankruptcy proceedings in court have included discussions on assets from the firm’s Earn program, crypto holdings, Bitmain coupons, and personal information of its users. In March, the bankruptcy judge approved a settlement plan allowing Celsius custody account holders to get back 72.5% of their crypto.
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Fortune debuts ‘Crypto 40’; Ethereum takes top honors for protocol category.🌸
The Fortune Crypto 40 highlights cryptocurrency organizations across eight different categories with a heavy emphasis on older, established companies.😵
In what it’s calling an industry first, Fortune released the “Fortune Crypto 40”🧐 on April 10. This analysis-based list highlights five cryptocurrency companies in each of eight categories and relies on a combination of analysis and executive polling to determine the winners.
😁Per an article announcing the index, Fortune claims the Crypto 40 is a “definitive list of the most important crypto companies.” An accompanying link describing the methodology goes on to state that the Crypto 40 was designed to highlight the organizations and their technology — as opposed to the popularity of the individuals and teams driving them.
“Currently, there are no such rankings for the crypto industry,” 👈writes the Fortune staff,👉 “While there are plenty of lists, nearly all of them reflect the subjective preference of a handful of editors, and most focus on personalities rather than companies.”
The Fortune Crypto 40 is divided into eight distinct categories: TradFi, CeFi, NFTs, Venture Capital, Data and Analytics Companies, Infrastructure Firms, Blockchain Protocol Firms and DeFi.
🤨While the usual suspects are all there, with Coinbase, Binance and Kraken taking top spots in CeFi, PayPal leading TradFi, and OpenSea claiming number one in the NFT rankings, there are also some surprises among the list.
😊Surprisingly, Bitcoin took a backseat to Ethereum in the protocol rankings, with Polygon edging out Solana for third place. Elsewhere, Bitmain took third in the infrastructure race, with Ledger and Genesis Digital Assets taking first and second, respectively.
The Fortune Crypto 40 highlights cryptocurrency organizations across eight different categories with a heavy emphasis on older, established companies.😵
In what it’s calling an industry first, Fortune released the “Fortune Crypto 40”🧐 on April 10. This analysis-based list highlights five cryptocurrency companies in each of eight categories and relies on a combination of analysis and executive polling to determine the winners.
😁Per an article announcing the index, Fortune claims the Crypto 40 is a “definitive list of the most important crypto companies.” An accompanying link describing the methodology goes on to state that the Crypto 40 was designed to highlight the organizations and their technology — as opposed to the popularity of the individuals and teams driving them.
“Currently, there are no such rankings for the crypto industry,” 👈writes the Fortune staff,👉 “While there are plenty of lists, nearly all of them reflect the subjective preference of a handful of editors, and most focus on personalities rather than companies.”
The Fortune Crypto 40 is divided into eight distinct categories: TradFi, CeFi, NFTs, Venture Capital, Data and Analytics Companies, Infrastructure Firms, Blockchain Protocol Firms and DeFi.
🤨While the usual suspects are all there, with Coinbase, Binance and Kraken taking top spots in CeFi, PayPal leading TradFi, and OpenSea claiming number one in the NFT rankings, there are also some surprises among the list.
😊Surprisingly, Bitcoin took a backseat to Ethereum in the protocol rankings, with Polygon edging out Solana for third place. Elsewhere, Bitmain took third in the infrastructure race, with Ledger and Genesis Digital Assets taking first and second, respectively.
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EOS Network lands $60M investment and partnership from DWF Labs ✅
➡️ DWF Labs invests over $60 million in a partnership with the EOS Network Foundation, providing a $45 million EOS token purchase agreement and a $15 million pledge for EOS-based projects to expedite growth and adoption.
➡️ In its most substantial investment to date, DWF Labs, a digital asset market maker and investment firm, has announced an alliance with the EOS Network Foundation (ENF), entailing an investment deal worth over $60 million. EOS is a Layer-1 network for developers looking to build blockchain-based games (GameFi) and deploy decentralized applications (dApps).
➡️ DWF is bolstering the EOS Network by means of a $45 million EOS token purchase agreement and a $15 million pledge to invest in businesses and projects based on EOS. This pledge is aimed at expediting the expansion and acceptance of the EOS Network.
➡️ The ENF plays a pivotal role in the EOS network’s development by coordinating support, creating feedback loops for innovation, promoting community involvement, allocating funding and facilitating the growth of the EOS ecosystem.
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Do Kwon lawyers received $7 million before Terra collapse.🧐
While trying to tie in Kwon’s ill intent in prepaying the law firm, prosecutors believe that the information will help in the ongoing fraud case.😁
South Korean prosecutors confirmed that Terraform Labs CEO Do Kwon sent 9 billion won ($7 billion) to Kim & Chang — a top South Korean law firm — right before the spectacular collapse of the Terra ecosystem.
😅Kwon’s decision to send millions to the law firm was flagged by prosecutors as a deliberate move, which allegedly reaffirmed his awareness of the impending collapse and anticipated expected legal problems, as reported by KBS News.
While trying to tie in Kwon’s ill intent in prepaying the law firm, prosecutors believe that the information will help in the ongoing fraud case. In addition, Kim & Chang's lawyers visited Montenegro to meet with Kwon and Terraform’s former chief financial officer, Han Chang-joon.😼
Previously, Kwon was arrested at Podgorica airport in Montenegro after trying to fly to Dubai using fake documents. Following his arrest, both United States and South Korean authorities have sought Kwon’s extradition. However, the court is yet to decide.
👉On April 7, it was revealed that South Korean prosecutors suspected Kwon of converting illicit funds from Terra to Bitcoin. The prosecutors requested Binance to halt all withdrawal requests linked to Kwon.
In total, prosecutors identified 414.5 billion won ($314.2 million) in illicit assets associated with Terraform Labs co-founder Kwon and his associates, out of which about 91.4 billion won ($69 million) is reportedly directly linked to Kwon.
😆“We provided Korean LE authorities with the requested assistance. Since we cannot comment on ongoing LE investigations, for any further comment, please reach out to the prosecutors,” said a Binance spokesperson, speaking to Cointelegraph about the matter.
While trying to tie in Kwon’s ill intent in prepaying the law firm, prosecutors believe that the information will help in the ongoing fraud case.😁
South Korean prosecutors confirmed that Terraform Labs CEO Do Kwon sent 9 billion won ($7 billion) to Kim & Chang — a top South Korean law firm — right before the spectacular collapse of the Terra ecosystem.
😅Kwon’s decision to send millions to the law firm was flagged by prosecutors as a deliberate move, which allegedly reaffirmed his awareness of the impending collapse and anticipated expected legal problems, as reported by KBS News.
While trying to tie in Kwon’s ill intent in prepaying the law firm, prosecutors believe that the information will help in the ongoing fraud case. In addition, Kim & Chang's lawyers visited Montenegro to meet with Kwon and Terraform’s former chief financial officer, Han Chang-joon.😼
Previously, Kwon was arrested at Podgorica airport in Montenegro after trying to fly to Dubai using fake documents. Following his arrest, both United States and South Korean authorities have sought Kwon’s extradition. However, the court is yet to decide.
👉On April 7, it was revealed that South Korean prosecutors suspected Kwon of converting illicit funds from Terra to Bitcoin. The prosecutors requested Binance to halt all withdrawal requests linked to Kwon.
In total, prosecutors identified 414.5 billion won ($314.2 million) in illicit assets associated with Terraform Labs co-founder Kwon and his associates, out of which about 91.4 billion won ($69 million) is reportedly directly linked to Kwon.
😆“We provided Korean LE authorities with the requested assistance. Since we cannot comment on ongoing LE investigations, for any further comment, please reach out to the prosecutors,” said a Binance spokesperson, speaking to Cointelegraph about the matter.
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Microsoft Azure Marketplace integrates on-ramp to blockchain data🧐
👋Space and Time CEO Nate Holiday said this would allow enterprises to build on the blockchain without compromising security and computing power.
Web3 data company Space and Time has announced that developers can now deploy their data warehouse directly from the Azure Marketplace, Microsoft’s online store that provides services and applications to use on Azure.
In an announcement sent to Cointelegraph, Space and Time said developers will have an accelerated on-ramp to access, analyze and manage native blockchain data. This allows developers to quickly onboard large enterprise data volumes to smart contracts and new use cases for indexed blockchain data.
😵Through the integration, businesses will be able to access decentralized data without rebuilding their existing infrastructure. This will allow enterprises to build on the blockchain without sacrificing security and computing power, according to the announcement.
Space and Time CEO Nate Holiday commented that verifiable data across blockchains, enterprises and artificial intelligence (AI) is very important. Holiday explained👇:
“We provide enterprises with the ability to integrate blockchain data into their applications and business processes, which is critical for both customer growth and enabling responsible data stewards.”
😧Microsoft Azure executive Kathleen Mitford said that this new development equips developers with the tools necessary to create the next generation of use cases for blockchain. “At Microsoft, we are empowering growth across emerging markets — including blockchain and distributed data,” Mitford added.
Microsoft is one of the many supporters of the Web3 data firm. On Sept. 22, 2022, Microsoft’s M12 fund joined the strategic funding round for Space and Time along with other investors like Avalanche, Polygon, HashKey and more.
👋Space and Time CEO Nate Holiday said this would allow enterprises to build on the blockchain without compromising security and computing power.
Web3 data company Space and Time has announced that developers can now deploy their data warehouse directly from the Azure Marketplace, Microsoft’s online store that provides services and applications to use on Azure.
In an announcement sent to Cointelegraph, Space and Time said developers will have an accelerated on-ramp to access, analyze and manage native blockchain data. This allows developers to quickly onboard large enterprise data volumes to smart contracts and new use cases for indexed blockchain data.
😵Through the integration, businesses will be able to access decentralized data without rebuilding their existing infrastructure. This will allow enterprises to build on the blockchain without sacrificing security and computing power, according to the announcement.
Space and Time CEO Nate Holiday commented that verifiable data across blockchains, enterprises and artificial intelligence (AI) is very important. Holiday explained👇:
“We provide enterprises with the ability to integrate blockchain data into their applications and business processes, which is critical for both customer growth and enabling responsible data stewards.”
😧Microsoft Azure executive Kathleen Mitford said that this new development equips developers with the tools necessary to create the next generation of use cases for blockchain. “At Microsoft, we are empowering growth across emerging markets — including blockchain and distributed data,” Mitford added.
Microsoft is one of the many supporters of the Web3 data firm. On Sept. 22, 2022, Microsoft’s M12 fund joined the strategic funding round for Space and Time along with other investors like Avalanche, Polygon, HashKey and more.
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👀🌶💵
Cheelee is giving away $5,000,000 worth of CHEEL
Cheelee.io
is a GameFi's short video platform with built-in game mechanics and Web3, users earn money by viewing content they like.
Their token $CHEEL already made X10!😮
If you don't believe me, check it out yourself!
You can take a part in the drop on Zealy (former Crew3)!
What do you need to do to get your piece of the pie?🥧
Follow Cheelee on socials
Download Cheelee App
Connect Wallet
Follow Cheelee account (in app)
Get your free starting NFT-glasses and earn your first box with tokens
🌶Let's get rich!💵
Join Now!
Cheelee is giving away $5,000,000 worth of CHEEL
Cheelee.io
is a GameFi's short video platform with built-in game mechanics and Web3, users earn money by viewing content they like.
Their token $CHEEL already made X10!😮
If you don't believe me, check it out yourself!
You can take a part in the drop on Zealy (former Crew3)!
What do you need to do to get your piece of the pie?🥧
Follow Cheelee on socials
Download Cheelee App
Connect Wallet
Follow Cheelee account (in app)
Get your free starting NFT-glasses and earn your first box with tokens
🌶Let's get rich!💵
Join Now!
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3AC founders’ OPNX exchange claims to be funded by AppWorks, SIG, MIAX Group🙊
🧑DeFi firm Nascent was also claimed as a backer, but it has clarified that it only bought FLEX tokens from the company’s previous incarnation.
OPNX, an exchange jointly founded by members of the Three Arrows Capital (3AC) and Coinflex teams, has revealed the venture capital firms purportedly backing it.😁 An April 21 video posted by the company featured CEO Leslie Lamb thanking some of the major backers of the project, including AppWorks, Susquehanna (SIG), DRW, MIAX Group, China Merchant Bank International, and Token Bay Capital.
😇OPNX has been heavily criticized in the crypto community for its association with Su Zhu and Kyle Davies, founders of the bankrupt 3AC hedge fund. Some firms have claimed they may refuse to associate with anyone who helps fund the new exchange. But the company behind the project has defended itself, arguing that it will help make customers of failed crypto ventures whole again.
OPNX will allow traders to buy and sell claims against bankrupt firms such as 3AC and FTX, according to early fundraising documents.
😎According to the video uploaded on April 21, the backers of OPNX have previously funded various tech and financial projects. SIG was one of the early backers of TikTok, and MIAX Group owns a U.S.-regulated equities and options exchange. AppWorks is also listed on Cunchbase as a partial owner of Uber.
At least one of the firms mentioned in the video has denied funding the project. DeFi trading firm Nascent stated that it bought Coinflex tokens issued by the company’s previous incarnation but did not participate in a funding round for OPNX.
🙂Three Arrows Capital was a crypto hedge fund founded in 2012. In June, it was issued a notice of default by Voyager Digital after allegedly failing to pay 15,250 Bitcoin and 350 million USD Coin that had been loaned to it. The hedge fund filed for bankruptcy on July 1, and some creditors have accused the founders of being “on the run” or hiding from the bankruptcy court.
🧑DeFi firm Nascent was also claimed as a backer, but it has clarified that it only bought FLEX tokens from the company’s previous incarnation.
OPNX, an exchange jointly founded by members of the Three Arrows Capital (3AC) and Coinflex teams, has revealed the venture capital firms purportedly backing it.😁 An April 21 video posted by the company featured CEO Leslie Lamb thanking some of the major backers of the project, including AppWorks, Susquehanna (SIG), DRW, MIAX Group, China Merchant Bank International, and Token Bay Capital.
😇OPNX has been heavily criticized in the crypto community for its association with Su Zhu and Kyle Davies, founders of the bankrupt 3AC hedge fund. Some firms have claimed they may refuse to associate with anyone who helps fund the new exchange. But the company behind the project has defended itself, arguing that it will help make customers of failed crypto ventures whole again.
OPNX will allow traders to buy and sell claims against bankrupt firms such as 3AC and FTX, according to early fundraising documents.
😎According to the video uploaded on April 21, the backers of OPNX have previously funded various tech and financial projects. SIG was one of the early backers of TikTok, and MIAX Group owns a U.S.-regulated equities and options exchange. AppWorks is also listed on Cunchbase as a partial owner of Uber.
At least one of the firms mentioned in the video has denied funding the project. DeFi trading firm Nascent stated that it bought Coinflex tokens issued by the company’s previous incarnation but did not participate in a funding round for OPNX.
🙂Three Arrows Capital was a crypto hedge fund founded in 2012. In June, it was issued a notice of default by Voyager Digital after allegedly failing to pay 15,250 Bitcoin and 350 million USD Coin that had been loaned to it. The hedge fund filed for bankruptcy on July 1, and some creditors have accused the founders of being “on the run” or hiding from the bankruptcy court.
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@UnitedTeleBot
And I'm thrilled to present you the UTB 2.0 space map. Just take a snap look at the new features that come with the 2.0 update:
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Moving UTBAI token to another level of liquidity.
💳 Card Payments
You were asking for this for a long time and the UTB development team has been listening and acting.
🎛 Quest mechanics
Earn daily rewards based on your activity (such as referrals, deposits, sharing, etc.).
💌 More currencies
New blockchain platforms will be integrated, as well as new tokens on ERC, BEP, and TRC chains.
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Personal stats, rating points, prize cards, new investment tools, and much more.
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A new optimized algorithm driven by a neural network will keep the UTBAI token on its way to the top.
@UnitedTeleBot
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24 hours: UTBAI +4.43% ↗️
7 days: UTBAI +18.21% ↗️
30 days: UTBAI +131.53% ↗️
And I'm thrilled to present you the UTB 2.0 space map. Just take a snap look at the new features that come with the 2.0 update:
🌎 Web3 wallet integration
Now you can deposit and withdraw funds securely and quickly right from your browser.
💸 P2P transfers
Moving UTBAI token to another level of liquidity.
💳 Card Payments
You were asking for this for a long time and the UTB development team has been listening and acting.
🎛 Quest mechanics
Earn daily rewards based on your activity (such as referrals, deposits, sharing, etc.).
💌 More currencies
New blockchain platforms will be integrated, as well as new tokens on ERC, BEP, and TRC chains.
🚀 More functionality
Personal stats, rating points, prize cards, new investment tools, and much more.
💎 More profit
A new optimized algorithm driven by a neural network will keep the UTBAI token on its way to the top.
@UnitedTeleBot
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24 hours: UTBAI +4.43% ↗️
7 days: UTBAI +18.21% ↗️
30 days: UTBAI +131.53% ↗️
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Majority of creditors want Hodlnaut liquidated🌿
🧑Only 2.42% of claimants favor restructuring, and they are almost exclusively company directors. Withdrawals were frozen in August.
Creditors of Singapore-based cryptocurrency lender have again expressed their desire to liquidate the company, which has been under judicial management since August 2022. There is no white knight investor on the horizon, interim judicial manager (IJM) Aaron Loh Cheng Lee explained in a circular updating the case. 💸
🌸A circular from the IJMs dated April 25 said users representing approximately 55.38% of creditors, with claims of 228.3 million Singapore dollars (about $170.5 million), have indicated they would favor liquidation over restructuring. No source of fresh capital has been found, the letter noted, despite the founders’ efforts to find new investors:👇
“There appears to be no indication of a white knight investor to date, and hence no prospect of any fresh capital injection.”
Only users with 2.42% of claims supported restructuring, and almost all of those claims comprised company directors, and a mediation proposal had been opposed by the “major” creditors.🌸 The major creditors include Samtrade Custodian and S.A.M. Fintech, both in liquidation, and the Algorand Foundation. Algorand has $35 million exposure to Hodlnaut.
The Singapore court directed the IJMs to petition to “wind-up” the company and apply to discharge themselves, according to the letter.
😏Hodlnaut announced it was suspending withdrawals on Aug. 8, 2022, due to a liquidity crisis. It applied for judicial management the following week, which under Singaporean law, temporarily protected it against legal claims. “We are aiming to avoid a forced liquidation of our assets as it will require us to sell our users’ cryptocurrencies such as BTC, ETH and WBTC at these current depressed asset prices,” the company said at the time.
Aaron Loh Cheng Lee and another IJM are affiliated with EY Corporate Advisors.😎
🧑Only 2.42% of claimants favor restructuring, and they are almost exclusively company directors. Withdrawals were frozen in August.
Creditors of Singapore-based cryptocurrency lender have again expressed their desire to liquidate the company, which has been under judicial management since August 2022. There is no white knight investor on the horizon, interim judicial manager (IJM) Aaron Loh Cheng Lee explained in a circular updating the case. 💸
🌸A circular from the IJMs dated April 25 said users representing approximately 55.38% of creditors, with claims of 228.3 million Singapore dollars (about $170.5 million), have indicated they would favor liquidation over restructuring. No source of fresh capital has been found, the letter noted, despite the founders’ efforts to find new investors:👇
“There appears to be no indication of a white knight investor to date, and hence no prospect of any fresh capital injection.”
Only users with 2.42% of claims supported restructuring, and almost all of those claims comprised company directors, and a mediation proposal had been opposed by the “major” creditors.🌸 The major creditors include Samtrade Custodian and S.A.M. Fintech, both in liquidation, and the Algorand Foundation. Algorand has $35 million exposure to Hodlnaut.
The Singapore court directed the IJMs to petition to “wind-up” the company and apply to discharge themselves, according to the letter.
😏Hodlnaut announced it was suspending withdrawals on Aug. 8, 2022, due to a liquidity crisis. It applied for judicial management the following week, which under Singaporean law, temporarily protected it against legal claims. “We are aiming to avoid a forced liquidation of our assets as it will require us to sell our users’ cryptocurrencies such as BTC, ETH and WBTC at these current depressed asset prices,” the company said at the time.
Aaron Loh Cheng Lee and another IJM are affiliated with EY Corporate Advisors.😎
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Google Cloud to optimize Polygon zkEVM scaling performance.
Polygon Labs and Google Cloud will team up in a multi-year agreement to drive the development and adoption of the Ethereum scaling protocol’s infrastructure and developer tools.
Polygon Labs and Google Cloud announced a multi-year partnership at Consensus 2023 that will see the cloud computing service provider help boost the development of the Ethereum (ETH) scaling protocol’s tools and infrastructure.
Polygon’s core protocols, including Polygon PoS (proof-of-stake), Polygon zkEVM and Polygon Supernets, are set to benefit from the provision of Google Cloud’s framework and developer tools. The partnership is aimed at simplifying developer integration to build, launch and grow Web3 products and decentralized applications (DApp) on Polygon.
Google Cloud’s partnership with the ecosystem is expected to advance Polygon’s zero-knowledge development. Testing of Polygon zkEVM’s zero-knowledge proofs (zk-proofs) on Google Cloud reportedly resulted in faster and cheaper transactions compared to the existing infrastructure available.
The Polygon zkEVM beta, an Ethereum Virtual Machine (EVM) scaling solution, was launched to mainnet in March 2023, powering reduced transaction costs and increased throughput of smart contract deployments.
Google Cloud’s Blockchain Node Engine will be used by the Polygon ecosystem to assist with time-intensive processes and costly overheads of acquiring, maintaining and operating dedicated blockchain nodes. This specific integration intends to remove the need for Polygon developers to configure and run Polygon PoS nodes.
Polygon Labs president Ryan Wyatt highlighted the wide variety of benefits to the protocol’s ecosystem through the partnership in a statement coinciding with the roll out of the collaboration:
“Today's announcement with Google Cloud aims to increase transaction throughput enabling use cases in gaming, supply chain management, and DeFi.”
Google Cloud’s APAC managing director of engineering and Web3 go-to-market Mitesh Agarwal said its services are improving data availability, resilience and performance of scaling protocols like zk-proofs.
Polygon Labs and Google Cloud will team up in a multi-year agreement to drive the development and adoption of the Ethereum scaling protocol’s infrastructure and developer tools.
Polygon Labs and Google Cloud announced a multi-year partnership at Consensus 2023 that will see the cloud computing service provider help boost the development of the Ethereum (ETH) scaling protocol’s tools and infrastructure.
Polygon’s core protocols, including Polygon PoS (proof-of-stake), Polygon zkEVM and Polygon Supernets, are set to benefit from the provision of Google Cloud’s framework and developer tools. The partnership is aimed at simplifying developer integration to build, launch and grow Web3 products and decentralized applications (DApp) on Polygon.
Google Cloud’s partnership with the ecosystem is expected to advance Polygon’s zero-knowledge development. Testing of Polygon zkEVM’s zero-knowledge proofs (zk-proofs) on Google Cloud reportedly resulted in faster and cheaper transactions compared to the existing infrastructure available.
The Polygon zkEVM beta, an Ethereum Virtual Machine (EVM) scaling solution, was launched to mainnet in March 2023, powering reduced transaction costs and increased throughput of smart contract deployments.
Google Cloud’s Blockchain Node Engine will be used by the Polygon ecosystem to assist with time-intensive processes and costly overheads of acquiring, maintaining and operating dedicated blockchain nodes. This specific integration intends to remove the need for Polygon developers to configure and run Polygon PoS nodes.
Polygon Labs president Ryan Wyatt highlighted the wide variety of benefits to the protocol’s ecosystem through the partnership in a statement coinciding with the roll out of the collaboration:
“Today's announcement with Google Cloud aims to increase transaction throughput enabling use cases in gaming, supply chain management, and DeFi.”
Google Cloud’s APAC managing director of engineering and Web3 go-to-market Mitesh Agarwal said its services are improving data availability, resilience and performance of scaling protocols like zk-proofs.
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Justin Sun issues apology after Sui LaunchPool clashes with Binance CEO😅
😱Nearly $4 billion has been staked in Binance’s Sui farming pools in anticipation of the layer -1 blockchain’s airdrop.
On May 1, Binance CEO Changpeng “CZ” Zhao issued a warning to Tron founder Justin Sun regarding a deposit of 56.1 million TrueUSD (TUSD) to Binance. The Binance executive wrote: 👇
“Our team told Justin, if he uses any of these to grab the LaunchPool Sui token, we will ‘take action against it’. SMH. Binance LaunchPool are meant as air drops for our retail users, not just for a few whales.”
In response, Sun said that Tron DAO’s primary objective in depositing TrueUSD😇 “is to facilitate market-making between leading TUSD exchanges.” Nevertheless, Sun said some team members “inadvertently used a portion of them to participate in exchange campaigns.” Upon discovery,🧑 Tron DAO immediately contacted Binance and arranged for a full refund. “We sincerely apologize for this oversight,” the blockchain personality wrote.
💸Sui is a layer-1 blockchain created by Mysten Labs. The project was founded by former Meta executives and raised $300 million in September 2022. On April 30, Binance LaunchPool opened the BNB-Sui and TUSD-Sui staking pools for its users. A total of 40 million Sui tokens, or 0.4% of the total supply, will be airdropped to users who stake their BNB or TUSD tokens over two days. Binance explained:
“Binance will then list SUI when its liquidity meets the requirement and open trading with SUI/BTC, SUI/USDT, SUI/TUSD, and SUI/BNB trading pairs. Exact date and timing will be announced once available.”
👉At publication, over 9.4 million BNB ($3.1 billion) and 686.8 million TrueUSD have been staked in the Sui launch pools on Binance. The feature requires Know Your Customer verification and is unavailable in restricted countries, such as the United States or North Korea.
😱Nearly $4 billion has been staked in Binance’s Sui farming pools in anticipation of the layer -1 blockchain’s airdrop.
On May 1, Binance CEO Changpeng “CZ” Zhao issued a warning to Tron founder Justin Sun regarding a deposit of 56.1 million TrueUSD (TUSD) to Binance. The Binance executive wrote: 👇
“Our team told Justin, if he uses any of these to grab the LaunchPool Sui token, we will ‘take action against it’. SMH. Binance LaunchPool are meant as air drops for our retail users, not just for a few whales.”
In response, Sun said that Tron DAO’s primary objective in depositing TrueUSD😇 “is to facilitate market-making between leading TUSD exchanges.” Nevertheless, Sun said some team members “inadvertently used a portion of them to participate in exchange campaigns.” Upon discovery,🧑 Tron DAO immediately contacted Binance and arranged for a full refund. “We sincerely apologize for this oversight,” the blockchain personality wrote.
💸Sui is a layer-1 blockchain created by Mysten Labs. The project was founded by former Meta executives and raised $300 million in September 2022. On April 30, Binance LaunchPool opened the BNB-Sui and TUSD-Sui staking pools for its users. A total of 40 million Sui tokens, or 0.4% of the total supply, will be airdropped to users who stake their BNB or TUSD tokens over two days. Binance explained:
“Binance will then list SUI when its liquidity meets the requirement and open trading with SUI/BTC, SUI/USDT, SUI/TUSD, and SUI/BNB trading pairs. Exact date and timing will be announced once available.”
👉At publication, over 9.4 million BNB ($3.1 billion) and 686.8 million TrueUSD have been staked in the Sui launch pools on Binance. The feature requires Know Your Customer verification and is unavailable in restricted countries, such as the United States or North Korea.
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Microsoft axes Bing wait list, giving users free access to GPT-4🙊
Bing is set to receive several much-requested AI-powered features that could put it in competition with OpenAI’s ChatGPT Plus subscription service.
🧐Microsoft recently announced a slew of new artificial intelligence (AI)-powered features for its Bing chatbot and Edge web browser. Chief among the changes, Bing users now have full access to the GPT-4 model — the same underlying engine that powers ChatGPT’s “Plus” subscription service.
Previously, Microsoft held access to the GPT-4 version of the Bing chatbot to a “limited preview.” It’s now announcing open availability through the Bing app, web access and the Edge browser.
Aside from giving Bing, Edge and Windows users free, unfettered access to the GPT-4 model, Microsoft also announced upcoming support for multimodal outputs, chat history and plug-ins.
😅Multimodal support will allow the Bing chatbot to generate responses, which include a combination of text, images and videos. It will also have the ability to generate charts and graphs, something that could give it a leg up over ChatGPT.
Users will also have access to their full chat history and, for those using the Edge browser, the ability to move chats to the sidebar to continue surfing in the same tab. Microsoft says this feature will be implemented “starting shortly.”
In the future, according to the blog post, Bing may even be able to reference previous sessions when interacting with users:👇
“Over time, we’re exploring making your chats more personalized by bringing context from a previous chat into new conversations.”
😌Perhaps the most ambitious addition announced is “Edge Actions,” also referred to as “Bing Actions," Microsoft’s term for upcoming integrations featuring third-party plug-ins for Bing chat.
The only plug-ins specifically mentioned in the announcement are OpenTable, which would allow users to reserve seats at restaurants directly within the chat interface, and Wolfram/Alpha, a modality that would allow users to create complex visualizations for math and science queries. Microsoft says more integrations will be revealed as they’re implemented.🌸
Bing is set to receive several much-requested AI-powered features that could put it in competition with OpenAI’s ChatGPT Plus subscription service.
🧐Microsoft recently announced a slew of new artificial intelligence (AI)-powered features for its Bing chatbot and Edge web browser. Chief among the changes, Bing users now have full access to the GPT-4 model — the same underlying engine that powers ChatGPT’s “Plus” subscription service.
Previously, Microsoft held access to the GPT-4 version of the Bing chatbot to a “limited preview.” It’s now announcing open availability through the Bing app, web access and the Edge browser.
Aside from giving Bing, Edge and Windows users free, unfettered access to the GPT-4 model, Microsoft also announced upcoming support for multimodal outputs, chat history and plug-ins.
😅Multimodal support will allow the Bing chatbot to generate responses, which include a combination of text, images and videos. It will also have the ability to generate charts and graphs, something that could give it a leg up over ChatGPT.
Users will also have access to their full chat history and, for those using the Edge browser, the ability to move chats to the sidebar to continue surfing in the same tab. Microsoft says this feature will be implemented “starting shortly.”
In the future, according to the blog post, Bing may even be able to reference previous sessions when interacting with users:👇
“Over time, we’re exploring making your chats more personalized by bringing context from a previous chat into new conversations.”
😌Perhaps the most ambitious addition announced is “Edge Actions,” also referred to as “Bing Actions," Microsoft’s term for upcoming integrations featuring third-party plug-ins for Bing chat.
The only plug-ins specifically mentioned in the announcement are OpenTable, which would allow users to reserve seats at restaurants directly within the chat interface, and Wolfram/Alpha, a modality that would allow users to create complex visualizations for math and science queries. Microsoft says more integrations will be revealed as they’re implemented.🌸
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👉🏼 Revolutionary 'Dunkirk Test' Takes DeFi Security to the Next Level - Find Out How ZkLink is Pioneering the Game-Changing Solution! 👇👇
🔗 https://theblockopedia.com/zklink-pioneers-the-dunkirk-test-to-strengthen-defi-security/?utm_source=telegram&utm_medium=Crypto+Retro&utm_campaign=traffic
🔗 https://theblockopedia.com/zklink-pioneers-the-dunkirk-test-to-strengthen-defi-security/?utm_source=telegram&utm_medium=Crypto+Retro&utm_campaign=traffic
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