Gimme The Coin

2024-04-02 17:03:06 Open / Comment

2024-04-02 16:33:14 Former Terraform Employee Admits Writing False Posts From Kwon Made Him ‘Angry’

In a series of ongoing court trials linked to Terraform Labs’ fraud claims tied to the 2022 implosion of its TerraUSD stablecoin, one former employee testifies how working with Terraform was rife with pitfalls.

Brian Curran, former head of communications at Terraform, told a Manhattan federal jury on Monday that spearheading public relations for the company made him “angry.”

Curran tried to be “transparent” to users while doing PR for Terraform, however, the company asked him to write false posts. He further said that working with Do Kwon, the beleaguered founder of Terraform, was troublesome, a report from Law360 revealed.

In May 2021, the Terraform’s UST stablecoin lost its dollar peg, raising concerns among the community. Curran testified he wrote on X, that the dollar de-peg “just needs time to recalibrate,” which he knew was false. Open / Comment

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2024-03-31 16:33:37 Tornado Cash Developer Challenges Charges, Files Motion to Dismiss with Legal Arguments

Roman Storm, co-founder of the cryptocurrency mixer Tornado Cash, has submitted a motion to dismiss all three charges against him, claiming that he did not operate a money laundering business and did not violate the International Emergency Economic Powers Act.

In a filing with the United States District Court for the Southern District of New York on March 29, Storm’s lawyers argued that he cannot be accused of conspiring to launder funds.

According to Storm’s legal team, Tornado Cash was developed, became immutable, and was publicly available before it was utilized by the hacking groups that were sanctioned by the U.S. Department of Treasury.

They assert that Storm had limited control over preventing a “sanctioned entity from using it” by the time the alleged misconduct occurred. Open / Comment

2024-03-29 16:33:48 Bybit Launches Regulated Digital Asset Platform for Trading in the Netherlands

Bybit, one of the world’s largest cryptocurrency exchanges by trading volumes, announced the launch of Bybit nl as a new regulated crypto and digital assets trading platform in the Netherlands. Bybit is expanding operations in Europe after facing regulatory scrutiny in Hong Kong. Its goal is to serve the Dutch while enhancing the user experience and embracing Web3 features.

On March 28, Bybit announced the official launch of its digital asset platform, Bybit nl, in the Netherlands. This new local trading platform is regulated in the country and aims to provide Dutch users with access to cryptocurrency trading, educational resources and advanced trading tools, empowering them to trade with ease and efficiency.

The launch of Bybit.nl is made possible through a collaboration with SATOS, one of the oldest Bitcoin-focused companies in the Netherlands. Through this partnership, Dutch Bybit users can deposit and withdraw fiat currency, trade over 300 cryptocurrency pairs, and enjoy enhanced security measures for their crypto assets. Open / Comment

2024-03-27 16:33:58 Texas Crypto Mining Firm Giga Energy Expands Operations to Argentina

Texas-based crypto mining firm Giga Energy has expanded its operations to Argentina following its expansion across the U.S. and into Shanghai, tapping into the gas flaring trend. Giga Energy has been building and operating in-house mining operations since 2019, with 150 megawatt containers deployed all over the world.

The crypto mining company has partnered with oil and gas company Phoenix Global Resources and with Exa Tech to launch a two megawatt Bitcoin mine on top of Vaca Muerta in Argentina. Gina Energy’s expansion plans were first reported by CNBC.

Texas Crypto Mining Firm Giga Energy Expands Operations to Argentina. Texas-based crypto mining firm Giga Energy has expanded its operations to Argentina following its expansion across the U.S. and into Shanghai, tapping into the gas flaring trend.

“We are excited about the opportunities this new chapter will bring and look forward to making a positive impact in Argentina,” adds Whitehead. Open / Comment

2024-03-26 17:20:58 Waterfall is the most decentralized BlockDAG protocol currently available

Key Features:

This decentralized platform has the potential to attract much more validators than other protocols.
Minimal hardware requirements: Dual-Core CPU, 4GB RAM (your cellphone has 2-4 times more than that).
High performance and scalability, thanks to parallelism in BlockDAG compared or even higher potentially that the most scalable currently popular protocols
Compatible with EVM and Ethereum API.

The team includes senior people who were successfully building the ecosystem for Ethereum and those who were successfully competing against it:

Ron Resnick is the CEO of the company-developer of Waterfall, is also a former Executive Director of Enterprise Ethereum Alliance and a former Investment Director of Intel Capital.

Jeff McDonald is the Director at the Board of Directors for Swiss Association, is also a Former Co-Founder of Nem, which used to be in Top-5 and for a short time in Top-3 right after Ethereum.

The Chairman of Board of Swiss Association is Richard Wang, who is also General Partner at Draper Dragon Fund.

R&D team has been rigorously testing technology since 2021.

More than 350 Workers(block producers) on the TestNet are owned by the developers and future users of Waterfall.

On the first day after the new TestNet announcement, 115 Workers connected and more than 450 000 transactions were processed.

On January the 2nd more than 650 000 transactions was successfully processed.

Find out more details in their communities:
https://t.me/waterfall_network
https://twitter.com/waterfall_dag
https://discord.gg/Nwb8aR2XvR Open / Comment

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2024-03-25 18:05:33 $PRF Fair Sale is Live on the Parifi Website!

Parifi revolutionizes perpetual contracts with a dynamic pricing mechanism, utilizing liquidity curves, on-chain oracles, and advanced math models for stable and predictable market pricing.

Community Round 1: A Resounding Success!
- The LBP on @FjordFoundry sold out
- Raised $154.59K
- Welcomed 409 new $PRF holders

Mainnet Beta Launching This Month!

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- Accurate pricing & dynamic fees
- No limit on positions
- Auto-compounding vaults
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$PRF soaring on BitMart, 131.58% above sale price: https://www.bitmart.com/trade/en-US?symbol=PRF_USDT

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- Ends On: March 26th at 6 PM UTC
- Token Price: $0.012
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2024-03-25 16:34:14 Singapore-Licensed DigiFT Introduces US Treasury Bill Depository Receipt Tokens

DigiFT, a Singapore-based fintech company, has made a foray into the digital asset realm with the launch of the its US Treasury bill depository receipt (DR) tokens. The DR tokens offer investors fractional ownership in the underlying US Treasury bills, enabling investors to gain exposure to the traditionally secure US debt market without the need for substantial upfront capital, the firm said in a Monday press release.

Traditionally, investing in US Treasury bills has required significant financial resources. DigiFT’s DR tokens aim to dismantle this barrier by allowing investors to purchase fractional shares of these bills.

“DigiFT’s innovative DR structure addresses a pain point in the current RWA market, empowering investors with direct ownership of underlying assets and returns,” Henry Zhang, the founder and CEO of DigiFT, said. He further emphasized DigiFT’s commitment to expanding the range of traditional financial assets in the Web3 space through the DR model, which offers enhanced investor protection and transparency.

One key aspect emphasized by DigiFT is compliance with regulations, providing investors with peace of mind, the company said. Traditional asset ownership often involves navigating complex legal and regulatory frameworks. Open / Comment