Crypto Fight

2022-11-23 20:00:08 ​​First official DAO in the US to fight SEC without attorneys.

American CryptoFed DAO begins a litigation battle with the SEC over 2021 token registrations and opts not to have attorneys in its fight for registration.

The first legally recognized decentralized autonomous organization (DAO) in the United States is taking on the Securities and Exchange Commission (SEC) over its 2021 token registrations.

American CryptoFed DAO told Cointelegraph it will represent itself without an attorney in respon SEC allegations that it omitted and misstated information in a securities registration last year.

The DAO registered its native, interdependent tokens — the stablecoin Ducat and governance token Locke — in its 2021 filing with the SEC, but the regulator has begun proceedings to issue a stop order citing a raft of problems with the registration.

In correspondence with Cointelegraph, American CryptoFed chief operating officer and organizer Xiaomeng Zhou confirmed that the DAO will argue its case against the SEC without legal representation:

“We just filed the Notice of Appearance according to the SEC’s rules. This letter means that we told the SEC that we will represent ourselves without attorneys in this case.

American CryptoFed also indicated that it will file a motion to extend the deadline for its answer to the SEC’s Order Instituting Administrative Proceedings. This will open up a 20-day period in which it c build its argument against the SEC’s move to stop American CryptoFed’s registration.

The DAO’s September 2021 filing outlines the details of the interdependent Locke and Ducat tok, which serve as tools for its proposed Wyoming-based monetary system.

As Cointelegraph previously reported, Ducat is an inflation- and deflation-resistant stablecoin that will be used for daily transactions and as a store of value. Locke is the governance token of the DAO, which is intended to stabilize tDucat and facilitate the administration of its ecosystem.

These tokens are intended to be used by municipalities, merchants, banks, crypto exchanges and other participants in the DAO.

By registering with the SEC, American CryptoFed would become a reporting company and would have to carry out periodic reporting obligations to the regulatory body. Open / Comment

2022-11-21 21:30:00 ​We’re halfway there Galleria Tecnica is the 4th drop of Lamborghini’s “The Epic RoadTrip” NFT adventure (21 Nov – 24 Nov)

Collectors who secure all 8 puzzle pieces will be the first to experience the latest inLamborghini’s long line of super sports car perfection.

Register now to claim a piece of Lamborghini’s heritage that will be yours forever.

There will be 3 Limited Edition NFTs available for purchase for 24 hours each -- collect all 3 and receive 60-minutes of Early Access to the Rare Limited Edition NFT

HOLDER BENEFITS
1. Lamborghini “Wallpapers” now delivered as an AIRDROPPED NFT
2. Lamborghini Centro Stile Sketch now delivered as an AIRDROPPED NFT
3. Those who collect all 3 or 4 silver or gold NFTs will receive an NFT token revealing a piece
of The Epic Road Trip Puzzle
4. OpenSea secondary market COMING SOON

Join the Discord: https://lam.bo/Discord_Tw
Mint Website: https://nft.lamborghini.com
Early Access Mint - Register now and join Discord to receive 60 minutes of Early Access on 21-23 Nov
Public Mint: Monday 21- Thursday 24 Nov Open / Comment

2022-11-20 20:00:09 ​Whales Say These 4 Coins Can 20x by 2023 – Here’s Why.

Dash 2 Trade (D2T)
The second stage of the D2T presale has already sold out, raising $5.16 million in just over two weeks. Dash 2 Trade is a concept created by Learn 2 Trade, a hugely popular trading signal company set to launch in the first quarter of 2023. The platform's goal is to provide market-driven insights to investors in order to help them make informed decisions.

To improve the trading experience, D2T provides trading signals, social analytics, and even market sentiment analysis.

Dash 2 Trade aspires to be the Bloomberg trading terminal for cryptocurrencies, according to the development team. For automating trading processes and optimizing all trading methods, the platform also includes automation and backtesting capabilities.

Calvaria (RIA)
Calvaria is a brand-new cryptocurrency gaming project with the potential to dominate the play-to-earn market. Calvaria developers identified two major barriers to widespread Web3 gaming adoption.

IMPT
IMPT's team is making the world of carbon credits much more efficient than ever before by putting carbon credits on the chain. Previously, the carbon credit system was extremely opaque; it was only applicable to businesses, and trading with them was inefficient and out of date. Carbon credits can be traded as NFTs on the blockchain 24 hours a day, seven days a week.

According to Broadridge Financial Solutions, the carbon credit market will likely exceed $50 billion by 2030, while the environmental, social, and governance (ESG) industry will likely exceed $30 trillion.

RobotEra (TARO)
For investors who enjoy the metaverse, TARO is one digital asset to keep an eye on. The asset is the native token for RobotEra, a world-building metaverse platform that allows players to access its system as avatars. Open / Comment

2022-11-19 20:00:09 FTX Launches Asset Review; Here’s How Remaining Holdings Stands

The collapsed cryptocurrency exchange FTX and about 100 affiliated companies on Saturday launched a strategic review of global assets.

It is a part of the FTX Launches Asset Review; Here’s How Remaining Holdings Stands Chapter 11 bankruptcy process.

https://coingape.com/ftx-launches-asset-review-heres-how-remaining-holdings-stands/?kl Open / Comment

2022-11-17 20:00:18 ​​Australian firm raises $28M to expand Bitcoin mining capabilities.

The Sydney-based Arkon Energy secured $28 million in a recent funding round to expand its renewable energy Bitcoin mining operations despite the volatile market.

The turbulent climate of the crypto industry is not putting a full stop to builders in the space. Arkon Energy, an Australian renewable data center infrastructure company, recently raised millions to expand its Bitcoin mining operations and acquired another European-based data center.

The funding round was completed with $28 million raised by the data center infrastructure company, which uses 100% renewable electricity to mine BTC. Arkon extracts renewable power trapped in electricity markets to sustainably lowers its costs.

Arkon CEO Josh Payne said this type of market creates the perfect storm for growth due to many factors:

“The current market climate, with low prices for Bitcoin and mining equipment, offers a compelling opportunity to take advantage of our unique profitability and access to growth capital.”

In addition, Arkon acquired one of Norway’s leading renewable energy-based data centers Hydrokraft AS, as a part of a larger plan to create a “vertically integrated green Bitcoin mining platform.”

However, on Oct. 6, the Norwegian government recently proposed to eliminate the reduced electricity tax which is available for BTC miners in the country. The country’s finance minister said the power market is in a completely different situation now compared to when it first initiated the tax break in 2016.

Similarly, in the Canadian province of Quebec, the energy manager for the region asked the local government to cut power from crypto miners due to high energy demands.

The current market downturn and industry turmoil has created a rough environment for many companies in the space to thrive.

One recent example is that the BTC miner Iris Energy, is now facing a default claim worth $103 million from creditors in the United States. A filing with the U.S. Securities and Exchange Commission on Nov. 7 alleged that the company failed in restructuring to meet payment deadlines. Open / Comment

2022-11-15 17:00:11 With Cheelee NFT glasses, you make money when you watch videos.

Cheelee is the world's first GameFi short video platform.

All you need is to sign up in the app, get your free NFT glasses, and when you view the smart feed, you will will be able to get the boxes with tokens and NFT from Cheelee.

In order to earn more - buy rarer NFT glasses and upgrade them: level up, purchase NFT gems that improve the parameters of your NFT glasses.

The time of earning is limited due to the amount of Attention. To increase Attention, you will need additional NFT glasses.

The higher the rarity of NFT glasses, the more earnings you make. NFT glasses can be purchased on the in-app marketplace or mint from the combination of 2x NFT glasses and a special NFT for a mint called Instruction.

What makes it different from similar projects?

Sustainable financial model - the token and NFT rates will be supported by the diversification of the app's income and its well-thought-through economy.

Fascinating game mechanics - thanks to the element of uncertainty which is important in the game economy for preventing the game exploitation.

You can start without any investments. Just register and get the chance to earn tokens for viewing the feed.

As a result, the project looks very powerful, just a breath of fresh air among all sorts of 2E apps. Let’s wait for the release and participate in the activities.

http://bit.ly/3WVFToi Open / Comment

2022-11-14 20:00:09 ​​Salvadoran President Bukele says Bitcoin is ‘the opposite‘ of FTX.

Despite the backlash he previously received for purchasing BTC as markets crashed, Bukele cited the recent FTX collapse to explain why Bitcoin is different.

The shock wave around the FTX explosion was felt globally as it severely fractured investor confidence. However, seasoned crypto entrepreneurs and supporters — including Changpeng “CZ” Zhao and Salvadoran President Nayib Bukele — continue to see through the fog while pushing forward their vision for financial freedom.

Bukele was the man behind Bitcoin’s mainstream adoption in El Salvador. Despite the backlash he previously received for purchasing BTC as markets crashed, Bukele cited the recent FTX collapse to explain why Bitcoin is different.

“FTX is the opposite of Bitcoin,” said President Bukele while explaining the inner workings of the Bitcoin protocol. The Bitcoin white paper highlights the importance of an immutable peer-to-peer network in achieving a trustless financial system.

Bukele called out FTX CEO Sam Bankman-Fried and other financial fraudsters, including Bernie Madoff, while pointing out that the Bitcoin protocol prevents such bad actors from financial wrongdoings, adding that:

“Some understand it, some not yet. We’re still early.”

Moreover, his message supporting Bitcoin reiterated that Bitcoin has a limited market capitalization of 21 million, making it a truly rare global asset to own. The crypto community overwhelmingly reacted with “he gets it” replies.

United States Representative Brad Sherman recently blamed “billionaire crypto bros” for the delays in legislation alleging their direct involvement in campaign contributions.

“I believe it is important now more than ever that the SEC take decisive action to put an end to the regulatory gray area in which the crypto industry has operated,” the senator added.

Sherman’s remarks relate to SBF’s $39.8 million fund infusion in the previous 2022 U.S. midterm elections. Open / Comment

2022-11-11 20:00:10 ​​US lawmaker warns of ‘major consequences’ for users of unregulated crypto firms, citing FTX.

“FTX’s FTT tokens are now worthless, and even worse, FTXcom customers are completely unable to access their funds,” said Maxine Waters.

Maxine Waters, chair of the United States House of Representatives Financial Services Committee, pushed for additional federal oversight of crypto trading platforms and consumer protection amid FTX facing liquidity issues.

In a Nov. 10 statement, Waters cited FTX’s difficulties as the latest example of incidents “involving the collapse of cryptocurrency companies” and how such events could potentially impact consumers in the United States. The committee chair pushed for legislation establishing a framework for crypto assets, highlighting her efforts with Financial Services Committee ranking member Patrick McHenry in a bill aimed at regulating stablecoins.

“Although FTX’s U.S.-facing company is reportedly operational, FTX’s FTT tokens are now worthless, and even worse, FTXcom customers are completely unable to access their funds,” said Waters — though blockchain data at the time of publication appeared to show FTX withdrawals have resumed. “Now more than ever, it is clear that there are major consequences when cryptocurrency entities operate without robust federal oversight and protections for customers.”

The stablecoin bill currently being negotiated between Republicans and Democrats in the House committee may still have a chance of being passed in 2022, according to at least one lawmaker. However, the leadership of the committee could flip starting in January depending on the outcome of the election results, for which votes are still being counted at the time of publication.

As of Nov. 10, it is still unclear whether Republicans or Democrats will have majority control of the House and Senate starting in January, but some reports suggest Democrats will maintain a majority in the Senate while Republicans will gain a slight majority in the House. Should that be the case, McHenry would likely become committee chair and assume a leading role in regulating digital assets beginning in 2023. Open / Comment

2022-11-08 20:00:15 ​​Deribit hackers move stolen Ether to Tornado Cash crypto mixer.

The Deribit hot wallet hacker has transferred 1,610 ETH (over $2.5 million) to Tornado Cash, according to data from the Ethereum block explorer Etherscan.

In the aftermath of the $28 million Deribit hack, the unknown exploiter is moving stolen funds using the decentralized cryptocurrency mixer, Tornado Cash.

The Deribit hot wallet hacker has transferred a total of 1,610 Ether, or around $2.5 million, to Tornado Cash, according to data from the Ethereum block explorer Etherscan.

The funds were transferred in 17 transactions, with the first outgoing transaction occurring on Nov. 5 —just a few days after Deribit suffered the hack.

The amount of funds moved to Tornado Cash is just a fraction of all stolen ETH on the hacker’s address, as its balance amounts to 7,501 ETH ($11.8 million) at the time of writing. The hacker initially sent 9,080 ETH to the address on Nov. 2.

The blockchain analytics platform PeckShield initially reported on the outgoing Tornado Cash transactions on Nov. 5. At the time, the amount of funds leaving the hacker’s ETH wallet was just about $350,000.

Deribit officially announced that its platform suffered a hot wallet hack on Nov. 2, losing a total of $28 million in several cryptocurrencies, including Bitcoin, ETH and USD Coin. The exchange had to halt all withdrawals in order to ensure proper security in the aftermath of the hack, promising to cover all the losses.

The platform subsequently resumed regular withdrawals for BTC, ETH and USDC on Nov. 2, migrating all hot wallets to the digital asset security platform Fireblocks. Deribit stressed that users should not send funds to their previous BTC, ETH and USDC addresses and use new Fireblocks deposit addresses instead.

The news comes amid the ongoing uncertainty over Tornado Cash and other cryptocurrency mixers after authorities in the United States restricted the mixer. The Office of Foreign Assets Control of the United States Department of the Treasury blacklisted Tornado Cash in August 2022, making it illegal for citizens, residents and companies to receive or send money through the service. Open / Comment

2022-11-08 17:00:09 $MRST Listing on OKX

$MRST is being listed on the top tier global exchange OKX!

MRST deposits open at 8:00 am UTC on Nov. 7
MRST/USDT, MRST/USDC Spot trading open at 9:00 am UTC on Nov. 9
MRST withdrawals open at 10:00 am UTC on Nov. 10

Spot trading as well as DEX will be available!


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https://gleam.io/Zxf8k/mrst-listing

Check out The Mars: Metaverse Project
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Join OKX:
https://okx.com/join/55599569 Open / Comment