Crypto LVL

2023-03-20 17:00:04 Sports streaming today is busted. Fans are forced to pay for multiple subscriptions just to watch a few of their favorite sports, costing them $100's per month when they only consume 1% of all content offered. For the amount of fees you pay to watch sports online, you shouldn’t have to resort to third party apps to watch with your friends. Fans deserve more and they should be rewarded for their time and money spent!

That's why FX1Sports was founded. FX1 is a next gen interactive and gamified sports streaming aggregator that lets you watch live sports with friends, paying for only what you watch while also earning status, cash & prizes.

Their mission is to be the one place to watch all the live streamed sports online, anywhere, anytime. Connecting fan communities from across the world with a new emerging social experience. Fans earn $FX1 by watching live sports and hosting shows on FX1, and all earned tokens can be used for purchases or staked for yield.

$FX1 HOLDER BENEFITS
1. Stake your tokens for compounded yield
2. Earn discounts off purchases
3. NFT Avatars Whitelist Raffle (Q3/Q4 2023)
4. Use $FX1 to upgrade your Avatars
5. Chance to win The Boss Membership NFT ($3K of value)
6. Access to private lockers and more!

Watch Their Video Here:



Check out the Twitter: https://twitter.com/FX1Sports
Join FX1 Telegram: https://t.me/fx1_sports

Website: https://fx1.io/

Token Fair Launch: April 19th
NFT Mint: Mid/Late 2023 Open / Comment

2023-03-19 22:00:01 Complaining about "Crypto Winter"?

Nowhere to get X's back? You're missing BIG numbers if you're not in Multimining!

You don't have experience in mining? No farm with employees to support?

DOESN'T MATTER! You have Liquid Mining App.

Liquid Mining is a network of largest data centers around the world with single goal — make revolution in mining.

How you will do it?

You will mine coins in pre-mine stage before IDO and ICOs when mining rewards are huge in terms of volume of coins per block. Once projects are listed on crypto exchange - you sell and make profit.

The development team behind Liquid Mining was pre-mining:

— Ergo - 631%
— FLUX - 402%
— FIRO - 457%
— TONCOIN - 531%
— Neoxa - 1214%
— Nexa - 318%
— Zano - 264%
— Rvn - 597%
— CFX - 417%
— Kaspa - 837%

With more than 6 years of close work with crypto startups — they know how to choose profitable ones.

The average profit for users is now at 400%+/year!

Telegram | Twitter | Discord | Website Open / Comment

2023-03-17 22:00:05 ​Gensler Sticks to His Guns: Proof-of-Stake Tokens Could Be Securities

Securities and Exchange Commission Chair Gary Gensler has once again indicated that tokens using staking mechanisms could be considered securities under US law.

During an open meeting of the SEC on Wednesday, Gensler reportedly said that Proof-of-Stake (PoS) tokens can be considered securities because investors anticipate a return when they purchase them.

"The investing public is investing anticipating a return, anticipating something on these tokens, whether they're proof-of-stake tokens, where they're also looking to get returns on those proof-of-stake tokens and getting 2%, 4%, 18% returns," the SEC Chair said.

Proof-of-stake is a cryptocurrency consensus mechanism for processing transactions and creating new blocks in a blockchain.

"Whatever they're promoting and putting into a protocol, and locking up their tokens in a protocol, a protocol that's often a small group of entrepreneurs and developers are developing, I would just suggest that each of these token operators ... seek to come into compliance, and the same with the intermediaries."

Gensler’s remarks came after reporters asked him for his thoughts on statements made by Rostin Behnam, chairman of the Commodity Futures Trading Commission (CFTC), last week, arguing that ether is a commodity and should be regulated by his agency. Open / Comment

2023-03-17 18:00:16 ​MAPay and its crypto subsidiary MPayz, a global healthcare technology firm with a focus on decentralized payment networks, unveiled its partnership with the Ministry of Public Health and Family Welfare in the Government of Maharashtra, India, to provide NFT technology that will store personal health data on the blockchain for the first time. Built on Algorand, the first deployment will introduce upwards of 100 million NFTs for this purpose.

MAPay will use its proprietary NFT technology to enable secure, decentralized storage. This application for NFTs will help eliminate intermediaries in the healthcare system that routinely cause bottlenecks, introduce risk, and drive up costs for all parties – including patients; public, private, and government health providers; insurance companies; and banks. See the full press release here:
https://rb.gy/jkecc3

The project is launching in Q2 of 2023, stay up to date and get in before institutional money moves in. Click the link to join the telegram group!

https://link.mpayz.io/JkV5 Open / Comment

2023-03-16 19:00:16 G2 Token is a unique cryptocurrency in the world, combining the security of stable coins (USDT, PAXG, etc.) with the high earnings of unstable coins (BTC, ETH, etc.).

It works like gold-backed Bitcoin (BTC). The price of G2Token can rise freely as in the case of BTC, the sky is the limit in the Exchange market. However, the risk of the price falling is limited by the amount of gold in the reserve, it works like stop-the-loss. It has a superior feature compared to BTC."

Hurry up! Don’t miss the chance to become a part of the most perspective crypto community and get privileges before upcoming listing.

For more details

https://t.me/G2TOKEN_Global_Gold_Token

https://twitter.com/G2Token

https://g2token.com/ Open / Comment

2023-03-14 21:30:00 ​FTX-related stablecoins on the move: $145M transferred to crypto exchanges.

Three wallets, reportedly associated with FTX and its subsidiary, Alameda Research, have moved 69.64 million USDT and 75.94 million USDC.

Amid multiple ongoing investigations, FTX continues to move funds. Addresses related to the failed crypto exchange reportedly transferred around $145 million in stablecoins to various platforms.

As Lookonchain spotted on March 14, three wallets associated with FTX and its subsidiary, Alameda Research, have moved 69.64 million Tether and 75.94 million USD Coin. The Tether reserves have gone to custodial wallets on platforms like Coinbase, Binance and Kraken. All funds in USDC were transferred to a Coinbase custodial wallet.

Both FTX and Alameda are in the process of recovering assets as they face demands to return the funds to different groups of investors. According to FTX attorney Andy Dietderich, by January 2023, the troubled cryptocurrency exchange had already recovered $5 billion in cash and liquid cryptocurrencies. However, its total liabilities exceed $8.8 billion.

The latest update in the FTX bankruptcy case came as a new deal had been struck with a company owned by the government of Abu Dhabi. Alameda Research sold its remaining interest in venture capital firm Sequoia Capital to the Abu Dhabi sovereign wealth fund for $45 million.

In March, Alameda Research filed suit against Grayscale Investments in the Court of Chancery in Delaware. The lawsuit seeks to “unlock $9 billion or more in value for shareholders of the Grayscale Bitcoin and Ethereum Trusts and realize over a quarter billion dollars in asset value for the FTX Debtors’ customers and creditors,” according to a statement.

As cases against FTX piled up, some plaintiffs requested the consolidation of lawsuits against the bankrupt exchange. However, on March 8, a judge denied the consolidation request, highlighting that the defendants have not yet been allowed to respond. United States district judge Jacqueline Corley recently denied the request to consolidate five proposed class-action suits against FTX. Open / Comment

2023-03-11 22:00:06 ​ USDC investor shells out $2M to receive $0.05 USDT trying to evade crash.

While the crypto market responded with a massive sell-off, not all USDC investors were lucky enough to walk away with their funds amid the uncertainty.

Soon after Circle revealed that Silicon Valley Bank did not transfer $3.3 billion of its USD Coin reserves, the market responded with a massive sell-off — depegging the stablecoin from the U.S. dollar. However, not all investors were lucky enough to walk away with their funds amid the uncertainty.

To cut losses, investors started selling their USDC tokens in exchange for other stablecoins, such as Tether. Unfortunately, one transaction highlighted by Crypto Twitter member, BowTiedPickle, shows a USDC investor paid over $2 million to receive $0.05 of USDT.

On-chain investigations revealed that the user had stored the assets in a liquidity pool (LP) — a popular method to earn passive income in cryptocurrencies. The user could have sold his LP tokens for USDT for a 6% slippage. However, they chose to go for a “questionable " method. As explained by BowTiedPickle:

“The unfortunate soul used the KyberSwap aggregation router to dump a large clip of 3CRV (DAI/USDC/USDT) LP token into USDT.”

Given the race against time, the USDC investor forgot to set his slippage, which allows investors to set an exact price of the token for the transaction to go through. He explained the nuances that eventually led to a maximal extractable value (MEV) bot netting $2.045 million in profit after paying $45 in gas and $39,000 in MEV bribes.

Crypto Twitter member BowTiedPickle provides an overview of how a USDC investor lost over $2 million. Source: Twitter
The above episode highlights how human error can result in a permanent loss of funds. While cashing out USDC for fiat or other cryptocurrencies, Cointelegraph advises investors to recheck the information and methods of transfer.

Soon after Circle confirmed that $3.3 billion was stuck with Silicon Valley Bank, a resultant sell-off of USDC caused the stablecoin’s value to drop below its $1 peg. Open / Comment

2023-03-11 16:00:16 Complaining on "Crypto Winter"?
Nowhere to get X's back? You're missing BIG numbers if you're not in Multimining!

You don't have experience in mining?
No farm with employees to support?

DOESN'T MATTER! You have Liquid Mining App.
Liquid Mining is a network of largest data centers around the world with single goal — make revolution in mining.

How you will do it?
You will mine coins in pre-mine stage before IDO and ICOs when mining rewards are huge in terms of volume of coins per block. Once projects are listed on crypto exchange - you sell and make profit.

The development team behind Liquid Mining was pre-mining:
— Ergo - 631%
— FLUX - 402%
— FIRO - 457%
— TONCOIN - 531%
— Neoxa - 1214%
— Nexa - 318%
— Zano - 264%
— Rvn - 597%
— CFX - 417%
— Kaspa - 837%

With more than 6 years of close work with crypto startups — they know how to choose profitable ones.

The average profit for users is now at 400%+/year!

Telegram | Twitter | Discord | Website Open / Comment

2023-03-08 21:00:06 ​US Bankruptcy Judge Approves BinanceUS $1.3B Deal for Voyager Digital, but Hurdles Remain

Voyager Digital, the bankrupt crypto lender, has been given the green light to sell its assets to BinanceUS and transfer its customers to the exchange.
At a hearing in New York, US Bankruptcy Judge Michael Wiles approved Voyager's restructuring plan, thus allowing it to sell its assets to BinanceUS in a deal valued at $1.3 billion, Reuters reported.

The judge approved the plan despite an objection from the US Securities and Exchange Commission (SEC), which was dismissed as "vague" by Judge Wiles. The regulator had raised concerns about BinanceUS operating an unregistered securities exchange at the eleventh hour, but failed to present any compelling evidence to support its claim.
After the deal is closed, customers will finally be able to make withdrawals, with estimates that users will be able to recover 73% of the value of their deposits at the time of Voyager's bankruptcy filing.

That said, Voyager is not obligated to accept the exchange's offer. It will take up to a month for the company to review "new questions" about BinanceUS's commitment to the acquisition, its regulatory compliance, and the security of customer deposits, said the report, citing Voyager's financial advisors.

Furthermore, the Committee on Foreign Investment in the United States (CFIUS) is investigating national security risks associated with foreign investment in Voyager, and this could be an obstacle to the acquisition as well. Open / Comment

2023-03-05 20:30:00 ​​Silvergate closes exchange network, releases $9.9M to BlockFi.

The bank is discontinuing its crypto payment network, claiming the termination is a risk-based decision.

Crypto bank Silvergate announced on March 3 that it is discontinuing its digital assets’ payment network, claiming the termination is a “risk-based decision.“ The move comes after the bank’s stock fell over 59% in the past five days due to fears of a potential bankruptcy.

A disclaimer on Silvergate’s website stated:

“Effective immediately Silvergate Bank has made a risk-based decision to discontinue the Silvergate Exchange Network (SEN). All other deposit-related services remain operational.”

A second decision on the same day from United States Judge Michael Kaplan said Silvergate had to return $9.8 million deposited by BlockFi. As per documents posted on the website of BlockFi’s restructuring adviser, the court ordered the bank to immediately release the funds following an agreement between the two companies in November 2022.

BlockFi is one of the crypto firms affected by the FTX collapse in November 2022, as is Silvergate. The crypto bank had liquidity issues due to the crypto bear market before being hit by significant outflows in the fourth quarter of 2022, leading to a $1 billion net loss.

Silvergate reportedly borrowed $3.6 billion from the U.S. Federal Home Loan Banks System, a consortium of 11 regional banks across the United States that provide funds to other banks and lenders to mitigate the effects of a surge in withdrawals.

In a report published by the U.S. Securities and Exchange Commission, the digital asset bank highlighted the heavy outflows of deposits and outlined steps to maintain cash liquidity, including wholesale funding and selling debt securities. The crypto bank faces class-action lawsuits over its relationship with FTX and Alameda Research.

Fears that a liquidity crisis could result in bankruptcy protection spiked this week after Silvergate postponed filing its annual 10-K financial report. Open / Comment