SEC - Page 324

3433 result(s) found.

DeFi Yield Protocol Rebrands as Dypius to Help Users Embrace Metaverse Opportunities

///

Bucharest, Romania, 12th December, 2022, Chainwire

After experiencing success in the crypto space, DeFi Yield Protocol announces a complete rebranding to Dypius. The experienced team conducted several months’ worth of research to come up with the best way to represent what they had evolved into over the years.

Dypius has the suffix of the nebulae in the galaxy. Nebulas are the formations of gas, dust, and other materials that “clump” together to form denser regions in the universe. They attract further matter and eventually become dense enough to form stars, planets, and planetary system objects. Dypius is the place of creation of stars, planets, and life. This is Dypius, a place to create and shape the future!

DYP began as a DeFi protocol at the dawn of decentralized finance, offering earning opportunities on three different blockchains. However, it was clear from the start that it would be developing into much more than that. In fact, the team sought to build a decentralized ecosystem with multiple DeFi products and services.

Soon, DYP expanded to include 12 unique products bringing value to the crypto market and its users. These solutions include the advanced analytics DYP Tools offering real-time data, market insights, breaking news, and updates on the latest market trends to empower users to make better-informed decisions.

The newly-rebranded Dypius keeps the DYP Tools as one of the ecosystem’s most lucrative features. The same goes for the Dypius Launchpad, which supports new projects by helping them raise capital in a decentralized environment and get exposure to Dypius’ global community.

Additionally, the team is developing the Dypius Metaverse, a unique metaverse platform integrating the CAWS NFT collection. This engaging and convenient platform offers an immersive experience with exciting environments to explore, real-time user interaction, user customization, and much more. The platform will include a standalone application and a PCVR) play-to-earn (P2E) game allowing players to use their NFTs as companions in various adventures or to check their crypto portfolios.

Users can take advantage of the Dypius Metaverse to bring their real-life businesses into a virtual space. Moreover, users can access unique opportunities to earn rewards and in-game assets. This platform offers unlimited possibilities for regular users and businesses through sustainable growth and constant innovation.

The DYP founder Mihai Busica commented on the protocol’s rebranding to Dypius:

“From the beginning, I have always envisioned a project that users can benefit from in an accessible and secure environment. I am extremely proud of our expert team’s dedication and the project’s journey from a simple protocol to an advanced decentralized ecosystem. I urge our users to enjoy exploring our ecosystem and embrace each opportunity.”

About Dypius

Dypius, formerly DeFi Yield Protocol (DYP), is a rapidly developing DeFi ecosystem incorporating numerous versatile solutions, including yield farming, staking, NFTs, analytical tools, and Metaverse gaming. The project runs on unique smart contracts using the protocol’s proprietary anti-manipulation functionality.

The protocol’s token, DYP, is listed on top-tier exchanges, such as Coinbase, Huobi Global, KuCoin, Gate.io, MEXC Global, Bitrue, Poloniex, and others.

The upcoming metaverse-based P2E game allows players to socialize in the open virtual world through features like the Mall, an NFT Marketplace, a DYP Shop, and a Trade Station. Furthermore, the game will feature a balance section, enabling players to deposit DYP and iDYP tokens to their wallets, withdraw rewards, or transfer credits. 

For more information and to stay updated, visit: 

 Website | Twitter | Telegram | Discord

Contact

Daniel Garett
Dypius
business@dypius.com

Virtua expands its metaverse with the launch of the Monster Zone

///

London, United Kingdom, 12th December, 2022, Chainwire

Games metaverse Virtua has announced the launch of the Monster Zone. The first area to be released on Virtua Island, a key region of its home planet in the metaverse – Virtua Prime. 

The launch of Virtua Island follows the successful launch of Cardano Island in the Virtua metaverse and both will form parts of a 3D world in the virtual space.

The Monster Zone draws together elements of the metaverse and gaming in ways never before possible and will be populated with amazing creatures from well-known IPs and new exciting brands. Through challenges and events, players will be able to acquire, craft, and trade various resources and creatures, to gain out-of-this-world riches and rewards.

Virtua is no stranger to working with monsters in the metaverse, having collaborated with Legendary Pictures on a number of exclusive digital collectible initiatives. The first of which was alongside the theatrical release of Godzilla Vs Kong in 2021, and more recently the launch of the Godzilla Vs Kong Legacy collection.

Land Plots and Condos are now available in the Monster Zone, unlocking a range of exciting features including access to the free-roam Monster Park, the Monster Hub, and specially themed cribs to store digital collectibles.

There are a fixed number of land plots to buy across Small, Medium, and Large sizes. Also launching is the Giga plot allowing owners to build their own tower in Virtua, and the popular metaverse Condos, which for the first time will be available to purchase on the Virtua iOS and Android app.

5,002 plots and 1,000 condos are available to purchase via the Ethereum network using ETH or Virtua’s native token TVK, those purchasing land with TVK will automatically receive a 10% discount. There are an additional 500 plots available to Cardano users, available to purchase in ADA.

Every land plot will include mineable resources that can be crafted into items to play, trade, or sell. Rarer plots include slots for land bots to help mine and explore, plus access to rarer resources and non-playable characters.

Further playable features are planned for the Monster Zone as well as a monster breeding programme which will include unique generative drops and revenue share opportunities for landowners. All landowners will get early access to all new Virtua Prime launches planned for the months ahead, plus chances to grab valuable items like relics, loot boxes, game cubes, and much more. 

Virtua CEO and co-founder, Jawad Ashraf said: “In developing Virtua Prime we’re focused on tangible utility through blockchain technology, creating compelling reasons for individuals and brands to participate and own land in the metaverse. We want to answer the question; ‘Why own land in the metaverse?’ For us, it’s all about creating lots of fun and utility, and the Monster Zone is no exception. 

“With high fidelity graphics, world-leading industry expertise and an exciting roadmap for continuous development, we are developing a genre-defining games metaverse. We can’t wait to welcome everyone into Virtua Island Monster Zone to experience Monster Zone and the Virtua metaverse.”

During the first day of the Monster Zone mint event, users will be able to mint Large Land Plots and Gigaplots only – and everyone who mints a Large Land Plot will also get a free Monster Zone NFT reward. Over the course of this mint week, everyone who mints a Small, Medium, or Large Monster Zone Land Plot will receive an exclusive metaverse-ready NFT vehicle. Prestige members and Virtua VIPs will have exclusive access to the first pre-mint stage.

Virtua Prime’s Monster Zone land sale, which goes live at 5 pm GMT, is accessible on laptop, desktop, and on mobile in the metamask app browser. Following the launch of Virtua’s all-new mobile app for iOS and Android, users can easily purchase metaverse Condos – a world first, giving fans and collectors an easy way to own their own home in the metaverse. To buy land on mobile, users will need to use in-app V-Credits.

Virtua Island is the second island after Cardano Island was announced on Virtua Prime. There are plans for further zones on the island based on interests, such as sports, music, automotive, and for third-party partners.

About Virtua
Founded in 2017, Virtua is a games metaverse that provides immersive Web3 gaming and digital collectible experiences – through its curated marketplace, interactive virtual environments, and exclusive brand partnerships.

You can find more information about Virtua Prime and the Monster Zone here.

Contact

Virtua
Virtua@33Seconds.co

Amidst the Bear Market, New Math Startup Nillion Assembles ‘Avengers Team’ and Raises $20m+ From Over 150 Strategic Contributors

//

New York, New York, 12th December, 2022, Chainwire

Web3 startup Nillion has closed a $20m+ fundraise from strategic partners and investors. The project is based on a new mathematical innovation, invented by cryptography professor Dr. Miguel de Vega, called Nil Message Compute (NMC) which enables the creation of a non-blockchain decentralized network that aims to open up new, non-blockchain, decentralized use cases. 

Since its founding in November 2021, Nillion has bootstrapped to a headcount of over 40 with no external funding. Members of the Founding Teams of Uber, Indiegogo and Hedera Hashgraph, as well as key executives from Coinbase and Nike have joined forces at Nillion to build the platform. The company aims to become the first non-blockchain decentralized network designed to enable new decentralized use cases while providing the private and secure transfer, storage and computation of data. 

Nillion CEO, Alex Page, reports that raising $20m+ from over 150 investors was a conscious decision to prevent typical concentrated ownership amongst a small number of venture capitalists who may have adverse incentives to ‘dump’ in the long-term: 

“We’ve seen so many web3 projects suffer because their network was owned by early investors with excessively concentrated holdings. That’s exactly why we passed on certain Silicon Valley VCs who wanted over 5% of tokens to simply lend their name to the project. Instead we carefully invited a widely distributed pool of early contributors who love, support and add value to the project.” 

The round was led by Distributed Global, and includes investment from Big Brain Holdings, Chapter One, GSR, Hashkey, OP Crypto, SALT Fund and 150+ others. 

David Gan, GP of OP Crypto said, “It’s very rare to have a truly novel math innovation being built by an elite ‘Avengers level’ team. Nillion could open a new universe of use cases blockchain never imagined. What proof of work did for blockchain, I think NMC may do for Multi-Party Computation as a technology.” 

Another investor, Alex Klokus of SALT Fund states, “Nillion is a world-class team

pursuing an extremely ambitious,order of magnitude improvement over existing MPC technology. If they pull it off, it could be revolutionary.” 

NMC enables the fragmentation and dispersion of data across the Nillion network of nodes which creates privacy while still allowing the underlying data to be computed on quickly. A key feature of the technology is that this process occurs without the need for communication between the nodes. 

According to the team, company website and online materials, NMC technology unlocks new utility in web3, such as decentralized credit scoring, decentralized trusted execution environments, private NFTs and decentralized secure storage services. Other potential use cases promised outside of web3 include storing healthcare records on the network while being able to run analysis on the records without jeopardizing an individual’s right to privacy. 

Nil Message Compute (NMC) was developed by Nillion’s Chief Scientist, Dr. Miguel de Vega, who has authored more than 30 patents in the fields of machine learning, data optimization and mathematics. In addition to Dr. Vega, Nillion’s leadership team includes: 

  • Chief Technology Officer Conrad Whelan, the Founding Engineer of Uber.
  • Head of Cryptography Dr. Elizabeth Quaglia, a senior lecturer at Royal Holloway, University of London, one of the world’s leading cryptography institutions.
  • Chief Executive Officer Alex Page, an ex-Goldman Sachs investment banker and Hedera SPV General Partner
  • Director of Crypto Tristan Litré, previously CTO of a DeFi platform acquired by AQRU.
  • Chief Business Officer Slava Rubin, the Founder and former CEO of Indiegogo.
  • Chief Strategy Officer Andrew Masanto, who started two of the top 100 cryptocurrencies – Hedera Hashgraph and Reserve.
  • Head of Ecosystem Mark McDermott, previously the Lead of Innovation Partnerships at Nike.
  • General Counsel Lindsay Danas Cohen, the former associate General Counsel at Coinbase and a legal counsel at Bloomberg.

Nillion is prioritizing ecosystem development from an early stage in protocol development and reports significant interest from both web2 and web3 participants. 

“We’ve had expressions of interest from over 120 companies wanting to test applications or build on Nillion, which shows the need for a commercially viable private computation network. Data stored on the Nillion network is not only safe, but it can be used for extremely fast, private computations,” says Alex Page, CEO of Nillion. 

About Nillion 

Nillion is new internet infrastructure for the secure storage and computation of data. It is a decentralized network (albeit not a blockchain) that utilizes a novel mathematical innovation called Nil Message Compute (NMC) which represents a generational leap in a technology known as secure multi-party computation (MPC). Nillion facilitates the fragmentation of data across a network of nodes, while allowing the underlying data to be computed on at commercially viable speeds. 

To learn more about the company visit www.nillion.com

Contact

Jake Klein
Goldin Solutions
jake@goldin.com

Huobi Announces Partnership with Tafabot

///

Dubai, United Arab Emirates, 9th December, 2022, Chainwire

Revolutionary Artificial Intelligence trading and portfolio management company, Tafabot, has partnered with China’s leading Crypto exchange company, Huobi, to provide automated trades to crypto enthusiasts. 

What started as an idea during the COVID19 lockdown in 2020, is today one of the leading solutions in the crypto industry today. Having been in the beta phase for nearly 2 years, Tafabot finally went live on September 12th 2022 on the iOS and Google App Stores. 

The automated non-custodial trading bot has its operational headquarters in Dubai, United Arab Emirates, With across-border utility to serve millions of crypto professionals, newbies, and enthusiasts, Tafabot is the world’s pioneer bot system enabled for futures, spot and arbitrage markets combined. Both Huobi and Tafabot view their partnership as a strategic step towards improving the easy adoption of crypto and blockchain knowledge across communities around the world.

 Samuel Benedict and Dr. OVO (Otubo Victor), co-founders of Tafabot, said, “our primary motto, especially for now, is excellence and speed. We are glad that in just 50 days of going live, we have already closed a strategic partnership with one of the largest players in the industry. For us, it’s reassuring that what we are doing is really having a noticeable impact.”

Samuel Benedict, Tafabot’s CTO, expressed confidence in the ability of the partnership to unlock rapid inclusion and economic opportunities for all. “We didn’t like the traditional trading methods that existed out there. People had to constantly be on screens all day just to trade. Of course, this has discouraged a lot of interested persons from really getting their hands on crypto. And yes, there are also some other bots that came before us, but just like the exchanges, their processes are complex and do not bring in any simplicity. This was part of what inspired us to build an easy to use, reliable software that both newbies and pros can enjoy. We did it in the background for 2 years and once the power of Tafabot  was realized, we opened it to profit everyone.”

In further describing the partnership, the co-founders stated among other things that more partnership conversations are currently ongoing and will be announced in coming months. “Currently we are compatible with all major exchanges in the industry, however this partnership offers more. Our users are easily identified by Houbi for exclusive benefits including reduction on trading fees and much more. We are in talks with some other exchanges that we are plugged into for similar partnerships and 2023 will be a big year for more announcements.”, Benefit and Victor added.

With 30 of the world’s most reputable exchanges already plugged into the Tafabot algorithm, the team believes this is one of the next big things in crypto. Tafabot provides what is today, the world’s fastest automated trading tool, with a bot speed of up to 5 seconds. It is also one of the most diversified bot systems, with bot options developed for optimal performance in trading bullish, bearish and sideways market conditions.

It doesn’t matter wheather users are beginners who wants to dive into the world of crypto trading or professional traders, Tafabot’s automated systems provide every tool they need at every level. The safety of user’s funds is one less thing to worry about also, as the capital and trade profits are always with them, in the user’s exchange and never with Tafabot. This way users have all the control they need, anyday and any time. 

Some of the bots services offered by Tafabot include:

1.  The Martingale Bots:  Available for both Spot and Futures Markets. Martingale bots allow users to create multiple entries, to let them benefit in dynamic market conditions.

2.  DCA Bots: The Dollar-Cost-Average bot helps users divide their investment into smaller pieces and buys assets at various points over time and at different prices, to realize a better average price for their position, as well as drastically reduce risks in the case of volatility. It is available for spot and Futures trading.
3.  Custom Bot: This allows users to build their own intelligence into the Tafa ecosystem. With the custom bots, they can connect their self-created bot(s) to TradingView indicators and still automate all of their trades.
4.  Grid Bots: The Tafabot Grid Trading realizes profits from the ups and downs of the market, by trading within a price range and continues to execute orders and take profit as long as the market is within that range. It is available in spot and futures.
5. SIB Bot: Smart invest Bot is a specialized DCA bot for spot market only, with extra features for building long term portfolio, by buying assets daily in a way that user’s average entry price mimics the current price of the market.
6. Arbitrage Bot: With earning capacity of 15 to 40% yearly, the Tafa arbitrage bot is a market neutral strategy that exploits market variations (price gaps and funding fees) between spot and futures market. It’s a market-neutral strategy in which the risk involved is extremely low.
7. Mirror Trading Bot: With this intelligence, users can simply copy successful traders on Tafabot and leverage on their efforts and configurations to earn daily.
8. Crypto Signal Bots: Allows users to automatically trade signals received from their favorite signal providers 24/7. Plus, Signal Providers are allowed to create accounts with Tafabot and undergo approval processes.

Apart from enabling newbie and advanced traders set up bots on all major exchanges for their spot, futures, and arbitrage trading, Tafabot was also built to house features like:

  • Wallets: A free to use USDT wallet, with zero transaction fees when sending peer to peer within the Tafa ecosystem. This is available to all users with an active license.
  • Game Predict & Win: Lets users predict the price of bitcoin within time frames and win big.
  • Affiliate Program: Refer friends to Tafa and earn up to 30% of direct and indirect referral bonus on license fees and unlimited trading fees from up to 15 generations of downlines.

About Tafabot

Tafabot brings well over 30 combined years of Finance, Investing and Trading experience into the crypto space. The platform is portrayed to be transparent, secure, and easy to understand. With this ingenuity, the era of chasing close friends and family or even strangers considered to be experts, to trade on one’s behalf may be finally behind us.

Contact

Tafabot Team
Tafabot Software LLC
bdd@tafabot.com

Metacade Presale for Web3’s First-Ever P2E Crypto Arcade Raises Over $670k in Under 2 Weeks

///

London, United Kingdom, 8th December, 2022, Chainwire

Metacade, the first-ever community-developed play-to-earn (P2E) blockchain arcade, has announced the launch of its highly anticipated $MCADE token presale. 

The sale of Metacade’s native utility token sold over an incredible $670k in under 2 weeks, with their Beta Sale stage now over 60% SOLD OUT.

$MCADE is available to buy on the official Metacade website.

Positioning itself as a Web3 community hub, this gaming-first platform is set to attract gamers, investors, and entrepreneurs alike by offering a multitude of ways to earn, play, and connect. It looks to be a central hangout for all of those interested in GameFi and metaverse. 

To ensure investor confidence, $MCADE has been audited by leading blockchain auditing firm CertiK, a security-focused platform that analyzes and monitors blockchain protocols and DeFi projects. Verification and approval from CertiK mean that the code behind Metacade is highly secure and has been scrutinized for any weak spots. 

Metacade harnesses the power of Web3 to take blockchain gaming to the next level. The project goes beyond play-to-earn and offers a place to discover what games are trending, view leaderboards, publish game reviews, and access the hottest and most advanced GameFi alpha.

Head of Product for Metacade, Russell Bennet said: “The crypto gaming space is crying out for a single destination where we can all go and learn, earn and play games with fellow enthusiasts without having to jump from platform to platform”.

Metacade isn’t out to just improve the existing P2E and metaverse worlds but also to foster the future of this space. The project’s hallmark feature is Metagrants, a source of funding awarded to game developers to bring new games to the Metacade. The Metacade community will vote on which projects get funded to turn the collective vision into a reality on the platform. The first game developed using the first Metagrant will be launched in 2024.

By the end of 2024, the project intends to transform into a DAO, handing over key roles and responsibilities to the Metacade community and achieving a fully community-staffed business. It looks to achieve this by deploying Play2Earn, Create2Earn, and Work2Earn functionalities with each of these initiatives giving a little more control of the project over to the community in the coming years. 

Reflecting on the core ethos of Metacade, Russell said: “We want to create a community that has zero barriers to entry whether you want to work in the space, launch a business or just hang, out, play, and have fun.”

$MCADE has a fixed supply of 2 Billion $MCADE tokens. Seventy percent of these (1.4 billion $MCADE tokens) are being made available during the token’s presale event. The remaining thirty percent will be used on exchange listings, during development, providing liquidity, and funding the competition pool. 

$MCADE is the utility and governance token powering the project. It plays a crucial role in the platform’s functionality as holders can use it to vote on the project’s future direction and new game proposals. It will be the main tool for interacting with the Metacade ecosystem: holders can use it to enter tournaments and exclusive prize draws, purchase merchandise, and many other things as the platform develops. 

Token holders will have plenty of opportunities to earn rewards through the project. $MCADE holders can earn from activities such as contributing content, reviewing and testing games, and generally engaging within the ecosystem. $MCADE holders may also stake their tokens in liquidity pools to earn rewards and APYs based on the amount staked. Staked rewards are paid in a stablecoin amount rather than in $MCADE to protect the value of the funds from inflation and price swings. 

To further promote a deflationary attribute to the token, Metacade plans on introducing a burn mechanism or a buyback scheme. Token burning will help the ecosystem permanently erase a given percentage of supply, thereby lowering the overall supply and boosting the value of $MCADE in the long run.

Right after the $MCADE presale is complete, Metacade will roll out the website and build a founding team. In Q1 2023, the goal is to list the $MCADE token on Uniswap and the top five centralized exchanges, along with popular crypto aggregators. With an ambitious road map, Metacade is on track to revolutionize how a traditional community hub is owned and operated.

The Metacade Beta sale has now sold over $670,000 worth of tokens in under two weeks and at the time of publishing has under 40% remaining. 

To buy $MCADE, visit Metacade.co and join the presale now. 

About GameFi
GameFi, one of the most talked about and promising sectors of Web3, creates a virtual gaming ecosystem that relies on the use of cryptocurrency, non-fungible tokens (NFTs), and blockchain technology. At the core of the GameFi ecosystem is the play-to-earn (P2E) gaming model. Unlike the traditional pay-to-play model, P2E allows gamers to earn financial rewards by participating in challenges and tasks.

About Metacade
Metacade is the premier destination for gaming in the metaverse. As Web3’s first community arcade that allows gamers to hang out, share gaming knowledge and play exclusive P2E games. The platform offers users multiple ways to generate income, build careers in Web3, and connect with the wider gaming community. 

Metacade will be the one-stop destination for users to play, earn, and network with other passionate gamers worldwide. Once the project reaches the end of its roadmap, Metacade will be handed over to the community as a full-fledged DAO. After all, Metacade wants you to have a hand in shaping the GameFi world of tomorrow.

Links
Contact

Head of Product
Russell Bennett
Metacade
pr@metacade.co

FTX Trustee Slams Bankruptcy as ‘Fastest Corporate Failure in US History’

/

Andrew Vara, the United States Trustee tasked with resolving the FTX bankruptcy, slammed the company as the “fastest big corporate failure in American history,”

The executive has urged regulators to open an independent probe to investigate the company’s collapse, reports showed.

He said in a motion on Thursday that an eight-day period in November market where debtors “suffered a virtually unprecedented decline in value.”

He cited rapid shifts in the market from $32 billion in early 2022 to an unprecedented liquidity crunch which triggered massive bank runs and later, exchange collapses.

He said in a statement: The result is what is linekly the fastest big corporate failure in American history, resulting in these ‘free fall’ bankruptcy cases.

Independent Investigation Urged for FTX

Acording to Vara, regulators needed to open an independent investigation for FTX, similar to other major high-profile cases, adding: “[it is] especially important because of the wider implications that FTX’s collapse may have for the crypto industry.”

He continued: “Like the bankruptcy cases of Lehman, Washington Mutual Bank, and New Century Financial before them, these cases are exactly the kind of cases that require the appointment of an independent fiduciary to investigate and to report on the Debtors’ extraordinary collapse.”

Concluding, he stated questions regarding he FTX collapse were “simpliy too large and too important” for internal investigations to tackle.

He stated such authoritise could probe the “substantial and serious allegations of fraud, diskhonest, incompetence, misconduct, and mismangement” committed by FTX, Alameda Research, and its former chief executive Sam Bankman-Fried.

Other major concerns include bank runs from customers, reclaiming losses from the exchange, and additional issues involved in the exchange’s collapse, among others.

The Aftermath of the FTX Collapse

According to current FTX chief executive John J Ray III, the firm had concealed its mishandling of customer funds with software and “a complete abscence of trustworthy financial information” that was concentrated “in the hands of a very small group of inexperience, unsophisticated” individuals.

Other authorities, including the Bahamian government and numerous intelligence agencies in the US have launched investigations against FTX after it collapsed on 11 November.

Organisations such as the US Attorney’s Office for the Southern District of New York and the Securities and Exchange Commission (SEC) have requested further information on the disgraced exchange platform.

Other global governments, including Australia, Singapore, South Korea, the United States, and many others have intervened in the aftermath of FTX.

Many governments have demanded expanded powers and controls over cryptocurrency markets with tighter regulations. Others have called for stricter licence requirements for cypto companies operating in their respective nations.

Front-Running Crypto Scam Bots Skyrocket on YouTube – Report

/

Scam bots have proliferated YouTube, with investigators recording a massive spike in fraudulent videos, data from blockchain security company CertiK found this week.

The company said it its findings that bot-based scams promised high daily returns up to 10 times, but would later steal funds contributed from users.

CertiK found in its report that a massive jump of 500 percent in 84 percent of “front running bot” scam videos, or from 28 to 168 fake over the past year.

The report noted: “There are common themes in all of these videos: free code and huge returns. Successful runners won’t give away free code on a social media site, they will sell it for a large amount on underground forums.”

According to the findings, front running involves insider knowledge of unconfirmed transactions to trade, leading to massive profits.

Bots would later steal assets from users attempting to conduct front-running transactions. They can also scan for unconfirmed transactions by analysing blockchain contents, then pay higher gas fees to advance transactions ahead of others.

Scammers also offered fake tutorials on using the bots, but would also spam comment sections with positive reviews.

Scam Bots, Sham Businesses

According to Bitcoin.com, the rise of trading bots have contributed to immense speculation in the cryptocurrency market, with many promising winning trades or higher returns. Many novice crypto traders have lost significant money to these devices.

The report cited a South African Mirror Trading International (MTI) scam, which stole from tens of thousands of people on claims the bots could earn users consistent returns.

South African and US-based regulators later cracked down on MTI investments, with the company later collapsing after its chief executive Johann Steynberg disappeared with investors’ money. The platform failed to provide high returns and was written off as a scam enterprise.

Bank of Thailand, BIS Explore Future Regulation of DeFi at Major Event

/

Two central bank governors from the Bank of Thailand (BOT) discussed the future of decentralised finance at a recent event in Thailand.

Representatives from the Bank of Thailand (BOT) and the Bank for International Settlements (BIS) hosted the event.

Panel talks featured Eddie Yue, CEO of the Hong Kong Monetary Authority, Bank of Korea governor Changyong Rhee, and Reserve Bank of New Zealand governor Adrian Orr, and BIS Innovation Hub chief Cecilia Skingsley.

The panel explored central bank digital currencies (CBDCs) and other digital assets. Yue kicked off the talks stating thta stablecoins and CBDCs offered greater, more cost effective benefits for conducting transactions.

Despite this, risks still posed problems for any new financial technology, he added. Continuing, he stataed that blockchain’s decentralised nature created greater challenges for on-chain security. Later, he urged financial regulators to focus on off-chain activities.

Speaking to the audience, he explained that regulators could start by monitoring off-chain activities “like regulating virtual asset exchanges.”

He added: Hong Kong will soon introduce not just [anti-money laundering] aspects but also investor protection.”

The Hong Kong government aimed to create further regulations to build global standards on how to regulate stablecoins, he concluded.

A New Hope for Crypto?

Hitting back, Rhee sad ihe did not see an optimistic future with namely monetary blockchain technologies due to the ongoing FTX and other crises harming the industry.

He cautioned whether the market saw the “benefit of the technological development recently,” citing the ongoing FTX collapse.

Concluding, he said: “I was more positive before, but after seeing the Luna, Terra, and now the FTX issues. I don’t know [if] we will see the real benefit of this new technology, at least for monetary policy.”

The news comes after ther BOT-BIS Conference took place on Friday at the Bank of Thailand on the 80th anniversary of the former bank.

Global leaders gathered to discuss crucial developments among central banking institutions. Key topics included inflation, the global economic crisis, emerging technologies, fintech, and climate change, among others.

Mark Zuckerberg Doubles Down on Metaverse Plans amid Record Profit Losses

/

Meta Platforms chief executive Mark Zuckerberg remains positive about his firm’s metaverse ambitions despite recent events leading to billions in lost revenues.

He stated in a recent interview at the New York Times DealBook Summit on Thursday that “someone has to build [the Metaverse].”

He explained further: “I think things look very different on a ten-year time horizon than the zone that we’re in for the next few years […] I’m still completely optimistic about all the things that we’ve been optimistic about.”

Despite the major setbacks, he added that “seeing things through” would involve “powering through” doubts on its ambitions and remaining hopeful.

The news comes after Meta’s third quarter (Q3) earnings revealed record-breaking losses for its Reality Labs division, costing $9.44 billion in 2022 and leading to over $10 billion in losses last year.

At the event, he reaffirmed the Metaverse would become the next computing platform, adding: “We’re not going to be here in the 2030s communicating and using computing devices that are exactly the same as what we have today, and someone has to build that and invest in it and believe in it.”

He also stated that his company recently laid off 11,000 workers in early November amid “massive investments” in hardware such as its recent Meta Quest Pro device.

Zuckerberg also admitted Meta Platforms believed the economy and its business operations would “go in a certain direction,” citing eCommerce business performance due to COVID-19 last year.

“Obviously it hasn’t turned out that way,” Zuckerberg said.

Continuing, he added: “Our kind of operational focus over the next few years is going to be on efficiency and discipline and rigor and kind of just operating in a much tighter environment.”

Investments in Meta, Restrictions on Apple

He assured the audience that four-fifths of Meta’s investments remained in its suite of social media applications such as Facebook, Instagram, and WhatsApp, among others. Reality Labs only comprises “less than 20 [percent]” of investments “until the Metaverse becomes a larger thing,” he explained.

40 percent of total Reality Labs investments funded its virtual reality (VR) head-mounted displays and the second half for its “long-term most important form factor,” or smart glasses.

He later slammed Apple for restricting ad revenues on its App Store along with restrictions on cryptocurrency exchanges and non-fungible tokens (NFTs).

Slamming the Cupertino-based firm, Zuckerberg said, “I do think Apple has sort of singled themselves out as the only company that is trying to control unilaterally what apps get on a device and I don’t think that’s a sustainable or good place to be.”

He concluded: “I do think it is it is problematic for one company to be able to control what kind of app experiences get on the device.”

The Fabricant Launches Wholeland: The Ultimate Web3 Fashion Experience

///

Amsterdam, Netherlands, 5th December, 2022, Chainwire

Pioneering startup The Fabricant has gone live with its boundary-pushing digital fashion storytelling project Wholeland, with a trailer that sets the scene for a provocative world that splices digital couture, mythology and the rave scene. 

The ambitious move is designed to raise the bar for the wider digital fashion industry, and lead a shift in focus away from the bear market to building Web3 experiences that create long-term, high-value engagement.

The OG digital fashion player is famous for its world-leading craftsmanship, gaining global prominence when it was founded as the world’s first digital fashion house in 2018. It sold the first-ever digital garment on blockchain for 54 ETH in 2019 ($9,500 at the time). Notable collabs with physical brands such as Off-White, Adidas and World of Women contributed to it raising $14M in Series A funding in April this year.

Wholeland is described as a digital fashion story and a visually rich journey of self-discovery that unfolds across 7 chapters. Each chapter includes digital couture, AR wearables, co-creation, fashion shows, metaverse meet-ups and airdrops.

Access to Wholeland can only be gained through minting one of The Fabricant’s pieces of AR facewear, called XXories, that act as a key to the wider experience. 

Anyone can apply to Join the waitlist to mint an XXorie through The Fabricant website.

The WHOLELAND concept asks participants to fearlessly express all that they are through digital fashion, exploring parts of their identity that they might not share in the physical world.

Digital fashion fans will see the story unfold as they journey through the different chapters, with the ability to take advantage of various benefits as they progress.

Wholeland’s opening chapter has multiple points of interaction for participants:

  • The XXories, 7 pieces of bold digital facewear that elevate virtual self-expression, and act as a key to the experience
  • The Kappers – headpieces that mix historic Dutch style with a contemporary clubland aesthetic ready for co-creation
  • The Looks, Couture garments that invite fearless digital fashion expression
  • Secret Drops and groundbreaking collabs with the hottest digital artists and innovative brands
  • And ultimately, the Wholeland metaverse – an immersive digital fashion world of highly crafted visual storytelling

It all starts with the mint of the XXories in February, so sign-up to the waitlist to get access to the most innovative fashion experience in Web3.

About The Fabricant

thefabricant.com | @thefabricant | @the_fab_ric_ant | discord.gg/thefabricant

The Fabricant is a digital-only couture house that splices fashion with tech to redefine craftsmanship for the virtual space. It was founded in 2018 from a desire to sabotage the fashion world’s cultural complacency and reimagine what fashion could be as an entirely non-physical experience. Through its co-creation platform, it is leading a digital fashion revolution that puts creators first and is committed to building a sustainable and equitable fashion industry where everybody thrives.

Contact

Theo Lasserre
The Fabricant
theo@thefabricant.com

1 … 322 323 324 325 326 … 344