SEC - Page 333

Singapore, Singapore, 28th September, 2022, Chainwire

---

$INR is live on Huobi, after successful VC rounds and several strategic partnership announcements. Trading officially opened at 13:00 UTC today, September 28th and the project saw its token trending up from $0.22 to $0.44 within the first few hours. The listing is an important milestone for Inery on its journey to revolutionize how data is handled on the decentralized web.

Inery, a decentralized data system envisioned to enable a new paradigm for data management, has been listed on Huobi exchange, one of the world’s leading crypto exchanges, supporting over 1000 trading pairs and more than 600 cryptocurrencies. This will help bring Inery’s vision to the markets and onboard more people in its mission to reshape the world through the paradigm shift in data management.

Inery Decentralized Data System

Specifically designed to address database management by integrating blockchain functionalities and distributed database properties, this project aims to enable interoperability between different industries without compromising security, speed, or performance.

Inery Decentralized Data System will enable users to read, write, delete, and control their data, ushering in a new decentralized and secured internet era, where data loss and misuse will no longer be an issue. With a proprietary blockchain running on MEM (memory) nodes, Inery is able to ensure this, while adding a level of encryption guaranteeing data privacy.

Made to not only provide an upgrade to Web3, but also be more eco-friendly and cost-efficient, Inery is a project offering real-world use cases to individuals, enterprises, and governments in the space of healthcare, GameFi, finance, and more. 

The $INR token is the network’s native token, used to secure and empower the Inery ecosystem. 

Successful VC round, partnerships, recognition

The listing comes after Inery carried out successful investment rounds, where it saw VCs like Global Emerging Markets (GEM) invest $50 million. Other venture capital investors to join Inery include Metavest who invested at a valuation of $128 million, Nebulous Holdings AG, Zazen, Menas Global, Cap Lion Point, and Truth Ventures. 

To develop use cases, Inery also announced strategic partnerships with Sadiqa, Crescotec, NexBloc, and the award-winning global marketing firm – Luna PR.

In recognition of its achievements, Inery has already received prestigious awards in the blockchain space. It was recently accoladed as the “Best Emerging Blockchain Solution” at the Leaders in Fintech 2022 Awards and its CEO Dr. Naveen Singh received the “Blockchain Leader of the Year” award at the prestigious GB Tech Awards. 

Inery is also one of the few projects to have a public testnet launch in August ahead of its listing. Its successful testnet release with over 160 nodes allowed developers to test the different functions and features of its blockchain. With the feedback received, it will move ahead with its mainnet expected to launch in Q1 2023.  

INR is currently live on Huobi with the trading pair INR/USDT. The token has achieved a trading volume of 1.2 Million $INR. It launched at a price of $0.22 and is trading at $0.43. Withdrawals begin tomorrow, September 29, at 13:00 (UTC).

During the first month of trading $INR on Huobi, traders can provide liquidity in the staking pools for staking rewards and transaction fees. Traders can also benefit from INR trading competitions to win awards in prize pools during the same period. Besides staking campaigns and trading competitions, they will run KOL competitions. Follow Inery’s announcements on Twitter and Discord to stay updated. 

Inery is led by Dr. Naveen Singh, CEO and Founder; Ivan Vujic, CTO and Founder, and Simon Murray, founder of Orange Telecom – CBE and Chairman. Mr. Satjiv S. Chahil, former Vice President of Global Marketing at Apple, recently joined the Advisor board as the new Principal Advisor prior to the $INR listing to help drive mainstream adoption. 

About Inery

Inery is a layer-1 blockchain solution that provides a decentralized, secure, and transparent foundation for decentralization of data and its management. Inery envisions a paradigm shift in data and database management by integrating blockchain technology and distributed database synergies.

Contact

Director of Marketing & PR

• Tijana D Gertner
• INERY PTE. LTD.
• tg@inery.io

---

San Francisco, United States, 28th September, 2022, Chainwire

---

Sushi completes deployment to the Kava blockchain with a liquidity pool eligible for KAVA and SUSHI token rewards.

Earlier this year, Kava shook up the L1 industry with its Ethereum Co-Chain launch, sparking the fastest growth of protocols on any blockchain in 2022. Today, tier-1 DeFi protocol Sushi combines its deployment to Kava with an up to $7M matching rewards plan alongside their elegantly redesigned Sushi 2.0 user interface.

Providing liquidity to Sushi’s wKAVA/USDC pool deployed to the Kava EVM will be eligible for KAVA and SUSHI token rewards. Sushi’s deployment also enables users to create new pools with other asset pairs, especially after the Kava 11 upgrade and the Ethereum bridge later this year. These actions position Sushi as the primary decentralized exchange (DEX) on the Kava EVM.

“Kava is a 100% growth-oriented blockchain fueled by the Kava Rise incentives program. Sushi has believed in this program from the start and was an early pioneer. Today, I’m excited to announce that Sushi also chose Kava to premier a one-of-a-kind DeFi user experience. Kava aims to onboard and engage more protocols than all the other L1 networks. Kava will reach that goal with visionary partners like Sushi.” – Scott Stuart, CEO of Kava Labs.

“We are grateful to be a part of what we consider an exciting new blockchain infrastructure. We are humbled to be included as one of the first DEXes on the Kava chain. We believe Kava’s focus on growth and connecting with all kinds of projects to help them grow through the Kava Rise program is the best approach. Unveiling our new UI at the moment of this deployment is a testament to the importance of combining our forces.” – The Sushi team.

Sushi and Kava’s partnership milestone is made possible by Kava Rise, a $750M rewards program designed to push 10x growth on the Kava blockchain. Being a part of Kava Rise means all Sushi pools on Kava will accumulate programmatic, on-chain rewards for the Sushi protocol.

Alongside its deployment to Kava and introduction to the Kava Rise program, Sushi implements a new UI designed to improve the user experience, improving the user experience for Sushi’s most-used apps — Trident, Furo, and BentoBox. All of these dApps will be accessible from the Kava EVM and eligible for accumulating Kava Rise incentives for the Sushi protocol.

Sushi is an Ethereum-based decentralized protocol that delivers a robust suite of DeFi applications. The Sushi ecosystem currently holds over $1.5B in Total Liquidity with more than 150K Sushi token holders and 15.68K asset trading pairs. Users can interact with Sushi on 20+ wallets and 15 supported blockchains.

About Kava 

Kava is a secure, lightning-fast Layer-1 blockchain that combines the developer power of Ethereum with the speed and interoperability of Cosmos in a single, scalable network.

Contact

Media Manager

• Guillermo Carandini
• Kava Labs
• guillermo.carandini@kava.io

---

Voyager Digital said on Monday crypto exchange FTX, whose bailout proposal the bankrupt lender had rejected earlier this year, has won its assets in a $1.42-billion bid at an auction.

The FTX bid comprises a fair market value of all Voyager cryptocurrency, at a to-be-determined date, which is pegged at about $1.31 billion at current market prices and an additional $111 million in incremental value, Voyager said in a statement.

The company added that its claims against hedge fund Three Arrows Capital will remain with the bankruptcy estate, which will distribute any available recovery on such claims to the estate’s creditors.

Voyager issued a notice of default to the Singapore-based hedge fund in June, for its failure to make required payments on a loan of 15,250 bitcoin. 

The company in July spurned a proposal from FTX, founded by billionaire Sam Bankman-Fried, as a “low-ball bid dressed up as a white knight rescue” and alleged the plan would disrupt its bankruptcy process. 

Bankman-Fried has been throwing lifelines to shore up companies in a shaky digital assets sector, aggressively acquiring assets, technologies and customers of distressed crypto companies at cheap valuations.

FTX in July revealed a 7.6% stake in Robinhood Markets Inc (HOOD.O) and handed U.S. cryptocurrency lender BlockFi a $250 million revolving credit facility in June along with a deal giving FTX the right to purchase it based on certain performance triggers.

Crypto lenders including Voyager boomed during the COVID-19 pandemic, attracting depositors with high interest rates and easy access to loans rarely offered by traditional banks. However, the slump in crypto markets has hurt crypto companies and investors.

In its Chapter 11 bankruptcy filing in July, Voyager estimated that it had more than 100,000 creditors and between $1 billion and $10 billion in assets, as well as liabilities of the same value.

---

Follow Crypto Intelligence on Google News to never miss a story

Singapore, Singapore, 27th September, 2022, Chainwire

---

Magic Square announced today that it has secured funding from Huobi Ventures for its first-of-its-kind Web3 App Store solution. By partnering with Huobi Ventures, Magic Square will be able to continue to develop its platform, accelerate the adoption of its technology, scale up user acquisition, and expand global reach.

Huobi Ventures is a strategic investment arm of Huobi with a strong focus on supporting blockchain projects. Magic Square is excited to further expand its magic suite of blockchain-enabled applications with the full-on support and resources offered by Huobi Ventures.

Prior to the conclusion of Huobi Ventures’ strategic investments, Magic Square launched its Magic Store in a closed beta version with over 200,000 registrants signing up for the beta experience. Magic Square is now processing hundreds of applications from a vast range of projects to be community-validated and listed on the Magic Store.

“Magic Square is doing something innovative and disruptive in the web3 world. It’s building the Crypto supermarket that brings projects and users together. Projects in it can gain more market attention and users can easily enjoy the crypto dapp world. It’s a great honor for us to collaborate with Magic Square and Huobi Ventures will continue to support Magic Square on its way to becoming a phenomenal product.” commented Juliet Tang, Investment Manager of Huobi Ventures.

“This is a significant milestone for Magic Square by several industry leaders joining forces with us. The investment from Huobi Ventures along with our seed round investors including Binance Labs, Republic Capital, and more, will help us unlock the unlimited potential of our Magic Store and other products and services to pave the way for mass adoption of crypto,” said Andrey, Co-Funder & CEO of Magic Square.

Magic Square envisions a world for everyone to enter the Web3 world through MagicID and access all crypto apps in one single platform. Meanwhile, Magic Square offers blockchain projects a resourceful yet focused affiliate marketing program and platform to accelerate user growth and amplify the results of marketing efforts. 

About Magic Square

Magic Square is a web App Store that simplifies Crypto. Users can discover dApps, CeFi and DeFi, NFTs, Games, and much more in one place with an intuitive design. 

The Magic Store is a Web3 solution where the community vets, ranks, and prioritizes the apps via a DAO mechanism, with clear earning metrics to incentivize the participation of validators, creators, and users. 

Users can access all of the community vetted content with one click using the MagicID (Decentralized ID). This multi-chain wallet solution aims to become the Web3 alternative to Google or Apple connect.

Contact

• Vanessa Tang
• Magic Square
• partners@magicsquare.io

---

Cryptocurrency lender Nexo Group has been sued by authorities in New York and California for allegedly failing to register its Earn Interest Product, as U.S. regulators crackdown on digital asset platforms rocked by a crypto winter in recent months.

The lawsuits were filed separately by New York Attorney General Letitia James and the California Department of Financial Protection and Innovation (DFPI), according to statements on Monday.

Earlier this year, BlockFi had agreed to pay $100 million in a landmark settlement with the U.S. Securities and Exchange Commission and state authorities that said its interest-bearing product qualifies as a security and should have been registered.

Since then, digital asset platforms have been seeking more clarity on the rules governing such products, saying current regulations remain unclear.

Nexo’s interest accounts offered under the product promise an annual interest rate as high as 36%, the DFPI said.

Both regulators said the accounts would qualify as securities and should be registered as such.

“Nexo violated the law and investors’ trust by falsely claiming it is a licensed and registered platform,” James said in the statement, adding her office was seeking “disgorgement of any revenues derived from Nexo’s unlawful conduct”.

Nexo did not immediately respond to a Reuters request for comment.

Crypto prices have plummeted this year as a risk-off sentiment and fears of a looming recession crushed risky assets, forcing some companies into bankruptcy.

---

Follow Crypto Intelligence on Google News to never miss a story

Singapore, Singapore, 26th September, 2022, Chainwire

---

DeFiChain, the world’s leading blockchain on the Bitcoin network dedicated to bringing decentralized financial applications and services to everyone, today announces the listing of its DFI token on Gate.io, one of the world’s leading cryptocurrency exchanges. This is a major step in DeFiChain’s mission to make DFI accessible to investors worldwide.

Gate.io is one of the world’s biggest exchanges and supports the most cryptocurrencies of any exchange. The DFI token (ERC-20 version) will start trading on Gate.io at 10am UTC on September 26th. Initially, it will trade against USDT, though Gate.io could bring a DFI-BTC pair as well in the near future. The native version of DFI will become available on the platform in late October.

Buying the token on Gate.io will enable users to transfer DFI to any compatible wallet the user wants. It gives users access to the entire DeFiChain ecosystem including decentralized stock tokens. The DFI token is also available for trading on Huobi, Kucoin, Bybit (ERC-20 format), Bittrex, Bitrue and Hotbit. Each additional listing makes it easier for investors to enter the world of native decentralized finance on DeFiChain.

“We are extremely happy that the DFI token can now be traded on Gate.io and more and more people are able to access the no. 1 DeFi blockchain on Bitcoin.” said Benjamin Rauch, VP Marketing DeFiChain Accelerator.

The DFI token opens up the world to the DeFiChain ecosystem. It is at the core of all activities on the DeFiChain blockchain including:

• Providing liquidity in multiple pools
• Staking for blockchain consensus and security
• As collateral to mint or borrow stock tokens and the dUSD stablecoin
• As a reward token
• As the governance token of DeFiChain 

As the only blockchain to offer decentralized assets on the Bitcoin network, DeFiChain offers users flexibility and benefits of decentralization. Users can mint and trade dTokens to get price exposure to stocks and ETFs without leaving the DeFi ecosystem. They can also buy dTokens – even in fractional pieces – on the DeFiChain DEX.

DeFiChain is a fully decentralized blockchain with on-chain governance. Since its mainnet launch in May 2020, the project has seen an enthusiastic involvement from the community in almost all aspects of the blockchain, from masternodes, projects, tools, governance, economic ideas, to code governance. Its codebase has been developed in an open source manner, and widely peer-reviewed and discussed by many.

About DeFiChain

DeFiChain is a decentralized Proof-of-Stake blockchain created as a hard fork of the Bitcoin network to enable advanced DeFi applications. It is dedicated to enabling fast, intelligent, and transparent decentralized financial services. DeFiChain offers liquidity mining, staking, decentralized assets, and decentralized loans. The DeFiChain Foundation’s mission is to bring DeFi to the Bitcoin ecosystem.

For more information, visit: Website | Twitter | Discord | GitHub

Contact

• Benjamin Rauch
• press@defichain-ac.com

---

Follow Crypto Intelligence on Google News to never miss a story

Tokyo, Japan, 26th September, 2022, Chainwire

---

CROOZ, Inc. (Listed on Tokyo Stock Exchange Standard Market; Head office: Shibuya-Ku, Tokyo; CEO: Koji Obuchi; hereinafter: CROOZ) has announced that the blockchain game known as “PROJECT XENO” under development by CROOZ is going to collaborate with Floyd Mayweather Jr. who is a former professional boxing world champion in five weight classes. 

Collaboration with Floyd Mayweather Jr.

As announced earlier, the token that is published by EPOCH FACTORY and used in  “PROJECT XENO” is just about to be listed on the Cryptocurrency exchange “MEXC Global” on 3rd of Oct.  

“PROJECT XENO” is going to launch the first auction and for this memorial event, the project will collaborate with Floyd Mayweather Jr. The company will hold an NFT auction, including special limited Mayweather characters.  Prizes for the participation will also be distributed for winners.

For further information about the collaboration, please visit following URL:
https://project-xeno.com/content/collaboration_mayweather/ 

For further information about the first auction, please visit following URL: https://project-xeno.com/auction-nft/

Upcoming in-game token listing (“GXE”) on MEXC Global on 3rd of Oct

The token “GXE” published by EPOCH FACTORY which will be used in “PROJECT XENO” a blockchain game is going to be listed on the  Cryptocurrency exchange “MEXC Global” on 3rd of Oct. The PROJECT XENO team hopes that this special event will raise awareness to this project, and will continue to expand the community.

MEXC Global is known as a leading exchange of high performance and transaction matching technology. Founded in 2018 and currently caters to more than 6 million users in more than 70 countries around the world., MEXC Global aims to become the go-to platform for new traders and experienced investors as they move forward in their financial journey. 

YouTuber “Hikaru” has been appointed as an ambassador

“PROJECT XENO” reached an agreement with The YouTuber “Hikaru”, one  of the top and most popular YouTuber in Japan who has more than 4.8 million subscribers to become an ambassador. 

This year, which is said to be the first year of Web3, is attracting increasing attention to blockchain and NFTs as the next generation of the World Wide Web. Hikaru, who continues to challenge a lot of new efforts, has been appointed as the ambassador for the project.. XENO will continue to take on new challenges that will create a new wind in the NFT game industry with Hikaru and provide new experiences to everyone. 

“I am grateful to be appointed as the ambassador for “PROJECT XENO”, said Hikaru. “As some of you may know, my career as a YouTuber was started from a gaming channel. My starting point will challenge the industry that is attracting attention in the future. I will for sure fully enjoy these challenges! And I hope my viewers on YouTube and all parties related to the “PROJECT XENO” will also enjoy the project!” he adds.

About “PROJECT XENO”

PROJECT XENO is a tactics game with GameFi and e-sports aspects. Players who own NFT characters can acquire tokens and NFTs by playing this game. They can also trade NFTs seamlessly through the in-app wallet and marketplace. Their earnings are securely stored in the “General” in-app account. 

For further information, please visit the web site or follow the official Twitter account. 

• PROJECT XENO：http://project-xeno.com/ 
• PROJECT XENO Official Twitter（JP）：https://twitter.com/PROJECTXENO_JP 
• PROJECT XENO Official Twitter（ENG）：https://twitter.com/PROJECTXENO_GLB 

About CROOZ Blockchain Lab, Inc.

Crooz Blockchain Lab, Inc. is a company  that focuses on blockchain technology and game development, and also a consolidated subsidiary of CROOZ, Inc. 

About CROOZ, Inc.

https://crooz.co.jp CROOZ, Inc . is an “EC solution company” that develops multiple services related to the EC area, centered on “SHOPLIST.com by CROOZ”. Based on the know-how and achievements cultivated through “SHOPLIST.com by CROOZ”, we aim to become a leading company in the EC solutions field. 

Inquiries

PR department, CROOZ, Inc. 

Email： crooz_pr@crooz.co.jp 

*The impact of this business on the consolidated earnings results of the current fiscal year is minor. 

CROOZ, Inc.

Head Office ：Ebisu SS building 1F, 4-3-14 Ebisu, Shibuya-Ku, Tokyo, JAPAN

Established ：May 24th, 2001

Capital ：460.16 million yen（as of the end of March in 2022）

Description ：

-Formulate management strategies for group companies as a pure holding company

-Invest in subsidiaries

-Formulate management targets and support efforts to attain the targets

CROOZ Blockchain Lab, Inc.

Head Office ：Ebisu SS building 1F, 4-3-14 Ebisu, Shibuya-Ku, Tokyo, JAPAN

Established ：September 19th, 2018

Capital ：40 million yen（including capital reserve. as of the end of March in 2022）

Description ：Planning and consulting services in the FINTECH area and NFT game planning and operation services

Contact

• PR Team
• info@croozbl.co.jp

---

The crypto market had a busy week, with most of the crypto assets showing a high degree of fluctuation. The world’s oldest cryptocurrency, Bitcoin, dropped by over 4 per cent during the week while Ether shed over 8 per cent.

XRP witnessed a mega rally due to the positive news around the ripple lawsuit and jumped by 30 per cent during the week. The third consecutive rate hike announced by the US Federal Reserve will have a significant impact on the crypto market in the coming weeks.

Here are some important crypto developments of the week:

Iran’s tryst with CBDC
Iran’s central bank has started CBDC trials to turn banknotes into programmable currency. The crypto rial will be a digital version of the country’s fiat currency, which could be a game changer for the country’s digital economy.

Iran recently approved a detailed regulatory framework for cryptocurrency, and the authorities have also restarted the process of providing licenses to the crypto miners under the new law.

UK government introduces new bill for crypto
The United Kingdom’s government announced a new bill to counter money laundering and fraud by empowering the authorities to scrutinize the crypto assets deployed for illegal activities. The proposed legislation is expected to wipe out the dirty money from the country and prevent crypto-related fraud.

Coinbase gets a license to operate in the Netherlands

Crypto exchange Coinbase has secured a license to offer full spectrum crypto services in the Netherlands. The Dutch regulator approved the Nasdaq-listed crypto exchange to operate in the Netherlands.

The Netherlands is a booming market for crypto-related products, and more crypto companies are expected to explore the huge business potential of the European market shortly.

---

Follow Crypto Intelligence on Google News to never miss a story

Voyager Digital Ltd Chief Financial Officer Ashwin Prithipaul is preparing to step down from his role within months of his appointment at the crypto lender that filed for bankruptcy in July.

The company said on Friday the finance head would resign after a “transition period” to pursue other opportunities, and that Chief Executive Officer Stephen Ehrlich will head the role in the interim.

Crypto lenders such as Voyager boomed during the COVID-19 pandemic, drawing depositors with high interest rates and easy access to loans rarely offered by traditional banks.

But inflation and subsequent rate hikes by the U.S. Federal Reserve led to a wide sell-off in the alternative asset class that dealt a heavy blow to several companies in the sector.

Digital asset exchange Coinbase Global Inc (COIN.O) and crypto lender BlockFi have been forced to cut jobs, while Singapore-based crypto hedge fund Three Arrows Capital has filed for bankruptcy.

---

Follow Crypto Intelligence on Google News to never miss a story

From 16:00 on Sept. 23 to 15:59 on Sept. 27 (UTC), the cryptocurrency trading platform MEXC will hold the latest event on its launchpad. The event project is Zalmoxis (KOSON), a AAA-level massively multiplayer online role-playing game (MMORPG) game developed by Wenmoon Studios Ltd.

It is known that MEXC’s launchpad is specially launched for MX holders, and MX holders can get the opportunity to participate in the project early. A total of 1 million KOSON will be released in this event, and the price will be 0.1 Tether (USDT). During the event, anyone with MX or USDT holdings of more than 10 USDT can sign up to participate.

The launchpad will still implement the sharing mechanism, and users can share KOSON by registering for this event. The maximum single exchange amount of KOSON is limited to 100,000 MX or 1,000USDT.

According to the introduction, Age Of Zalmoxis is a third-person MMORPG based on the Elrond blockchain built with Unreal Engine 5. The game is set in an ancient fantasy world inspired by European folklore with dungeons and thousands of quests. Players create characters and gain experience through combat, narrative content, events, crafting, dungeons and other means to grow and create a fantasy version of the kingdom of Dacia.

Players can obtain two different types of nonfungible token (NFT) characters for free from the marketplace or from guilds. Players can develop their game characters by gaining combat experience, creating different stories, winning tournaments and many other ways.

The game has two narrative models: adventures and organic content. The adventure narrative guides players to grow and obtain corresponding rewards according to the growth of the character; other players create unique new content through the newly generated content of the game. Players can also build different structures, such as castles, by acquiring a certain number of land plots. These can be used throughout the game or staked to generate tokens that drive the game economy.

In MEXC’s previous launchpads, several projects such as GameFi projects Genopets (GENE), CropBytes (CBX) and decentralized sharing platform Dtravel (TRVL) were launched. They all performed well after their launch on the secondary market.

In addition, according to the MEXC event announcement, KOSON will be launched on the secondary market after this event ends. KOSON’s trading and mining activities, namely the trade-to-earn mechanism, will be launched as well. During the event period, users who trade KOSON will receive KOSON rewards.

About MEXC

MEXC is the world’s leading cryptocurrency trading platform, providing one-stop cryptocurrency trading services for spot, exchange-traded funds, futures, staking, NFT Index, etc., and serving more than 10 million users worldwide. The core team has a solid background in traditional finance and has professional financial product logic and technical security guarantees in terms of cryptocurrency products and services. In October 2021, MEXC Global won the title of “Best Cryptocurrency Exchange in Asia.”

Currently, it supports the trading of more than 1,400 cryptocurrencies and is the trading platform with the fastest launch speed for new projects and the most tradable categories. Visit the website and blog for more information, and follow MEXC Global and M-Ventures & Labs.

---