Crypto Power - Shilling

2024-05-03 15:36:26 Bored Ape Yacht Club NFTs sold for millions in 2021—prices have dropped 90% since then

Yuga Labs, the creator of the viral Bored Ape Yacht Club non-fungible tokens, announced a new round of layoffs on Friday as the NFT frenzy appears to cool.

Greg Solano, YugaLab’s CEO, announced that the startup would lay off an unspecified number of employees as it undergoes “restructuring.”. “To put it simply: Yuga lost its way,” he wrote in a statement posted on X. “Getting ourselves centered and on the right path means being a smaller more agile and cryptonative team.”. Open / Comment

2024-04-28 17:56:49 Justin Bieber’s $2 Million NFT is Now Worth Less Than $100,000

Celebrities often venture into uncommon realms seeking innovation. For Justin Bieber, the Non-Fungible Tokens [NFTs] space became a captivating pursuit.

While the journey started strong, the volatile nature of the market has transformed it into a cautionary tale. Justin Bieber’s NFT portfolio, once valued at over $2 million, now languishes at a meager fraction barely exceeding $100,000. Open / Comment

2024-04-23 15:51:45 HashKey halts Binance transactions amid global challenges

Hong Kong-based crypto exchange HashKey has announced that it will stop accepting deposits and handling withdrawals to and from wallets linked to Binance.

Hashkey did not give specific details behind its decision, only stating that it was a “policy change.”

However, per the exchange’s statement, transactions involving crypto assets to verified and authenticated unhosted wallet addresses, known as whitelisted addresses, will continue unaffected.

This decision by HashKey adds to the challenges faced by Binance on a global scale. In February, the Nigerian government banned Binance due to concerns about currency speculation in the country.

Nigerian telecommunications companies were instructed to block access to the websites of these prominent crypto firms. In the process, one Binance executive, Tigran Gambaryan, was detained, while another is alleged to be hiding in Kenya.

During the ongoing Token 2049 in Dubai, Binance’s top executives, CEO Richard Teng and COO Noah Perlman, highlighted the woes facing the crypto exchange.

Teng addressed Gambaryan’s predicament, assuring that the company was actively engaging with the Nigerian government to resolve the matter.

He also emphasized Binance’s dedication to collaborating with global law enforcement agencies to combat financial crimes.

On his part, COO Perlman spoke about the hurdles posed by the monitoring agreement with U.S. regulators, which came as a result of Binance’s plea agreement with the U.S. Department of Justice, after the exchange admitted guilt to money laundering charges brought against it and agreed to a $4.3 billion settlement to resolve the case. Open / Comment

2024-04-19 16:15:42 Maison Margiela Launches Public Mint For MetaTABI NFT Collection

The MetaTABI collection offers a unique blend of physical and digital experiences, catering specifically to Maison Margiela’s clientele.

Developed in partnership with digital fashion house The Fabricant, the NFT launch plays on the concept of “phygital”—wherein physical products exist alongside a digital twin, typically either in the metaverse or on the blockchain. Open / Comment

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2024-04-08 16:39:10 OneCoin’s legal chief sentenced 4 years for $4.4b crypto fraud

United States District Judge Edgardo Ramos has sentenced Irina Dilkinska, the ex-head of legal and compliance for the notorious OneCoin Ponzi scheme, to four years in prison.

On April 3, the U.S. Attorney’s office announced the sentencing that follows Dilkinska’s admission of her involvement in laundering millions of dollars through the fraudulent cryptocurrency operation.

Dilkinska, aged 42, has also been ordered to serve one month of supervised release following her prison term She must also forfeit $111 million as part of restitution measures.

Her request to avoid incarceration to care for her young children in Bulgaria was declined by Judge Ramos.

Ramos pointed out her intelligence and understanding of the legal ramifications of her actions within the $4.4 billion scheme, stating she is “a woman of great intelligence and a woman who ought to have known better.”

The former executive faced charges of wire fraud and money laundering, each carrying a potential five-year maximum sentence. Her guilty plea last November in a Manhattan federal court positioned her for a possible ten years behind bars.

The sentencing marks Dilkinska as the latest OneCoin executive to be imprisoned.

Karl Sebastian Greenwood, co-founder of the scheme, was sentenced to 20 years in jail in September 2023 for his involvement in fraud and money laundering, as well as a $300 million restitution order. Open / Comment

2024-04-05 12:41:26 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

2024-04-02 13:04:35 DeFi hub Chainage seeks tokenholder approval for $13M capital raise

Decentralized finance service provider Chainage, with around $100 million in total value locked, is seeking to raise $13 million for protocol expansion, contingent on tokenholders’ approval within its native decentralized autonomous organization (DAO).

According to the April 1 snapshot proposal, the $13 million raise, led by an unknown venture capital firm, will result in the issuance of 50 million additional XCHNG protocol tokens, representing approximately 10% of Chainage’s circulating supply. Open / Comment

2024-03-28 13:14:02 Chainlink’s Innovative Floor Prices Feature Takes Cool Cats To The Moon

The Cool Cats NFT collection has been gaining significant traction in the NFT space, and this integration with Chainlink is expected to further enhance its value proposition.

For those unfamiliar with Cool Cats, it is a collection of 10,000 unique, hand-drawn cat NFTs created by the artist known as “Mud Dog.” The collection has been making waves in the NFT world since its launch, with some individual NFTs selling for as much as $200,000.

The integration of Chainlink’s floor price feature is expected to add a new layer of transparency and stability to the Cool Cats market. This feature will provide users with an accurate and reliable price floor for each NFT in the collection, which will help to ensure that buyers and sellers are transacting at fair market value. Open / Comment

2024-03-23 18:27:51 Greenpeace's Anti-Bitcoin "Mining for Power" Report Receives Fierce Backlash on X

“Mining for Power,” an anti-Bitcoin report by Greenpeace USA that explains the links between the bitcoin mining industry and fossil fuel companies, has faced a backlash in social media due to its inaccurate portraits of the mining activity.

Using community notes, social network users detailed the report contained “many factual errors,” including outdated information. Open / Comment