SEC - Page 342

Nuls Blockchain is delighted to announce its partnership with Suisse Blockchain. The partnership is a blend of expertise, as Suisse Blockchain is rooted in marketing and regulatory compliance while Nuls is grounded in blockchain and multichain technologies. Both are committed to a future where blockchain startups are enabled to grow and market their visions for the future of blockchain.

Together, Nuls and Suisse Blockchain are creating and supporting an initial decentralized exchange (IDO) and incubator platform.

Blockchain is known for its technical and legal complexities — high barriers for blockchain startups to navigate. The mission of Suisse Blockchain is to lower those barriers and enable startups to grow without the limits of potential roadblocks — in other words, to facilitate blockchain startups shaping their futures.

Streamlining the incubation process

The Suisse Blockchain team works hand-in-hand with the Nuls team, continually strengthening the security and future of upcoming projects. Blockchain is an evolving technology with constantly changing rules and regulations. It is important to navigate the immediate while keeping sight of the future.

Suisse Blockchain takes care of that through code auditing, due-diligence research and a deep commitment to regulation. The foundation of Suisse Blockchain is the legal framework of the forward-looking Swiss distributed ledger technology (DLT) law.

This collaboration enables blockchain ideas and visions not yet dreamed of to flourish. As more blockchain startups appear with new ideas and concepts combined with a metaverse-bound future, Suisse Blockchain will be there to provide assistance and guidance.

Nuls is excited to join with Suisse Blockchain in contributing to the predictable and unpredictable shape of the future of the blockchain space.

About Nuls

Nuls, based in Singapore, provides a blockchain infrastructure boasting cross-chain consensus, a multichain mechanism and smart contract support. Its combination of two blockchains, the Nuls and the NerveNetwork blockchain, allows for fast speeds and comparatively low transaction costs.

Its multichain wallet Nabox provides Suisse Blockchain with the ability to interact with multiple chains. This enables the blockchain startup incubator to host IDOs for projects from a variety of platforms and is not restricted to BNB or Ether (ETH). Being able to utilize 20-plus blockchains is a technical advantage uncommon in the industry. 

About Suisse Blockchain

Suisse Blockchain is a company based in Chur, Switzerland. Founded in 2022, Suisse Blockchain is the first blockchain startup incubator created on the Swiss DLT law framework, allowing the project to be secure and progressive when it comes to regulations. The blockchain-experienced team takes care of the creation, acceleration and later expansion of the company, utilizing one of the most cost-effective and future-proof blockchain platforms.

For more details, visit the Suisse Blockchain website here. 

Follow Suisse Blockchain on Twitter.

Join the Suisse Blockchain community on Telegram.

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Barstool Sports founder Dave Portnoy has watched his investment in SafeMoon (SAFEMOON) crash by over 94%, proving to crypto enthusiasts that he is, in fact, capable of hodling during the bear market. 

The stock trader and media personality took to Twitter Monday to lament his $40,000 investment in the meme coin, which has fallen to just $2,370.94 after he didn’t withdraw a single token. “Still holding by the way,” Portnoy said. “Diamond hands.”

Portnoy claimed that he’s also being sued by SafeMoon, possibly for “trashing” the project on his show, but didn’t elaborate much further. In a separate tweet, Portnoy shared a screenshot of SafeMoon’s sales manager expressing displeasure with the Barstool frontman for giving the company “a bad look and unfair representation.” Portnoy “mentioned his SafeMoon losses on air but failed to mention he hasn’t upgraded his holdings to V2 yet,” the manager complained.

Portnoy is no stranger to cryptocurrencies, having bought Bitcoin (BTC) in August 2020 only to sell it one week later due to volatility. He later expressed regret over his lack of conviction and went on to make several additional bets on cryptos, which included SafeMoon.

As far as prices go, SafeMoon is down over 99% from its all-time high of $0.00001399 in April 2021, according to CoinMarketCap. The coin has a lifetime return on investment of negative 86%. 

SafeMoon was audited in May 2021 by blockchain security firm HashEx. At the time, the firm identified 12 smart contract vulnerabilities, including a “temporary ownership renounce” that made it especially prone to a rug pull.

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The United Kingdom-based decentralized cloud network Cudos has announced that its token is now listed on Crypto.com’s globally recognized digital asset exchange. This high-profile listing on one of the world’s most popular exchanges will make the CUDOS token available to millions of users across 90-plus countries, helping to drive Cudos’ ambition to power Web3.

The Cudos network is a layer-1 (L1) blockchain designed for maximum flexibility and scalability. With its high throughput, low transaction fees and user-friendly development tools, it offers the ideal platform for building future-proof decentralized applications (DApps) and metaverse experiences.

The network is also highly interoperable, forming an integral part of the wider Web3 space. As part of the Cosmos ecosystem, it features simple and efficient interchain bridging to other Cosmos chains and Ethereum via the Cudos bridge. With other bridges planned for the coming months, Cudos is committed to an open and collaborative future for Web3.

The CUDOS token

The CUDOS token is the lifeblood of the Cudos blockchain, helping to secure the network and provide extensive utility. Tokenholders can take advantage of a range of benefits, including staking, governance rights and native nonfungible token (NFT) minting. And thanks to Cudos’ partnerships with NowPayments and Shopping.io, the token can also be used for purchases across a huge range of e-commerce stores.

Building the cloud of the future

The recent mainnet launch of the Cudos network is just the first step in the company’s far-reaching plan to power the future of the web. Building on this foundation, the forthcoming Cudo Compute platform will offer a revolutionary solution for distributed cloud computing. 

By distributing computing tasks across an open, permissionless network, Cudo Compute will be able to offer a sustainable and robust source of cloud computing, all powered by the CUDOS token. By significantly expanding the global reach of the CUDOS token, the Crypto.com listing will help Cudos to realize its ambitious vision.

As Cudos’ CEO Matt Hawkins explains: “The recent launch of the Cudos mainnet has been an incredible achievement, the result of years of hard work by our dedicated team and the support of our vibrant and active community.

“Now that the network is live, we’re looking to the future with our goal of building a decentralized, sustainable and connected world. Thanks to this major new listing on Crypto.com, we’ll be able to introduce a whole new universe of users to the benefits of our blockchain.”

An expanding ecosystem

In addition to Crypto.com, CUDOS is also available on a number of other prominent exchanges, including Huobi Global, KuCoin, Bittrex Global, AscendEx and Liquid. These listings have driven the rapid adoption of the CUDOS token over the past year, alongside an extensive ecosystem of partnerships with industry leaders and innovative start-ups.

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FZE, a subsidiary of crypto exchange FTX, has been awarded Dubai’s first Minimal Viable Product (MVP) license, allowing full operation of the exchange in the region. 

Dubai’s Virtual Asset Regulatory Authority (VARA) issued the operating license to FZE under the MVP program, which according to Helal Saeed Almarri, the director general of Dubai WTC Authority, is designed for secure and sustainable growth in Dubai. For now, the FTX FZE exchange’s operations are in the test phase and will be focused on providing various crypto services.

According to FTX CEO Sam Bankman-Fried, the newly licensed exchange will operate under a model incorporating regulatory oversight and Financial Action Task Force (FATF) compliance controls catering to Tier 1 international financial markets. In addition, Almarri revealed that the exchange’s operations will be used as a regulatory trial for future commercial services using virtual assets.

“The MVP Phase, exclusive to select, responsible international players like FTX, will allow VARA to prudently structure guidelines and risk mitigation levers for secure commercial operations,” said Almarri.

With the license, FTX FZE has been approved to deploy regulated crypto derivatives products and trading services to qualified institutional investors. In addition, the exchange can also act as a clearing house, operate a nonfungible token (NFT) marketplace, and provide custodial services across the region.

Back in March 2022, FTX was the first to receive Dubai’s virtual asset exchange (VAX) license soon after the regulators signed off the virtual assets law and established the Dubai VARA. Crypto exchange OKX also received a provisional license from Dubai’s regulatory authorities to provide additional services to local investors and financial services providers.

Dubai, and the rest of the UAE, have been taking steps towards cryptocurrency adoption at a fast pace this year. The emirates went a step further on its bet for innovation earlier this year with the launch of Dubai Metaverse Strategy.

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US crypto exchange FTX is continuing to acquire and expand in the crypto space, with reports emerging that the exchange is in talks to acquire Bithumb. The exchange has also backed a slew of crypto firms, including the likes of Voyager Digital and BlockFi. 

Rumoured Bithumb Acquisition 

According to several reports, FTX is in talks to acquire South Korea’s second-largest exchange, Bithumb. The companies have reportedly been in talks for the past few months, sources close to the matter revealed. The source declined to come on record due to the confidential nature of the dealings. While FTX has not commented on the matter so far, A spokesperson from Bithumb stated that they could not comment on anything at this stage. 

While there is no official confirmation, if the deal is successful, the Sam Bankman-Fried-led exchange could gain a strong foothold in one of the most important markets in the crypto ecosystem. 

Acquisition Spree Despite Crypto Downturn

Sam Bankman-Fried, in an earlier interview, had stated that he plans to spend billions on the acquisition of other firms in the crypto space. The crypto exchange is reportedly looking to raise further funds after spending significantly during the bear market. The company had carried out significant acquisitions and bailouts, which were a result of the bear market spawned by the collapse of the UST. 

Both FTX and FTX.US are looking to raise funds at the same $32 billion valuation that was made in January 2022 for the primary platform and $8 billion for its American subsidy. Both arms of the exchange have already raised $400 million each. 

Sam Bankman-Fried also revealed that FTX had set aside a few billion dollars to continue supporting crypto projects if their collapse could have a significant impact and destabilize the crypto industry. However, he stated that he believed the worst of the liquidity crunch and bear market was over and that things could get better from here on. 

He also stated that he believed the current crypto downturn is good for the industry in the long term since it has eliminated the majority of leverage in the industry. 

“I think what we’ve seen so far might be healthy. You know to the extent that what it is doing is flushing out some of the leverage that had to get flushed out. Flushing out some of the players that just were not capitalized well enough, you know. I think that could ultimately end up being moderately healthy for markets.”

Bithumb’s Market Share In South Korea 

Upbit dominates the crypto market in South Korea. However, Bithumb is in a relatively strong position, holding the second largest market share among crypto exchanges in the country at 13%. The exchange was founded in 2014, has a daily trading volume of $569 million, and supports over 188 coins and 290 trading pairs. 

However, Bithumb’s executives are also facing criminal charges for fraud to the tune of 100 billion won. The lawsuit resulted in the indictment of several company executives, including the exchange owner.

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Since the first Daybreak testnet released in March this year, Dusk Network developers have been working hard to iron out bugs and improve quality and usability. Now, with the launch of the second, Daylight testnet, many improvements have been integrated.

Upgraded Staking Contract

The new Daylight testnet will enable network participants to make transactions for the first time. Together with the wider blockchain community, they will help to stress-test the network and give feedback on performance and potential improvements.

At launch, the Daylight testnet will hit the deck running, with more than 100 nodes. All these nodes will be integrated into the network and will have no adverse impact on stability. More community nodes will be onboarded going into the near future.

The community participation on the Daylight testnet is not quite ready yet, given that the Dusk team will first test network resilience with purposely malicious nodes in addition to some community-run nodes.

More Improvements 

Significantly faster CLI wallet

A new command line interface wallet incorporates faster synchronisation times and has a stable cache mechanism which fetches user balances quickly. This update will resolve connectivity issues.

Block Explorer Tweaks

The TPS statistic has been replaced to show the total number of transactions in the last 100 blocks, and in addition, gas expenditures can now be tracked in real time.

Community involvement

Dusk Network’s team would love to see the community become more involved with testing by making transactions. Also, the team welcomes feedback on the CLI wallet. The newest version of the wallet is available on Linux and macOS, and can be downloaded here.

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Saddle Finance, a multichain decentralized automated market maker (AMM), ended the first vesting stage for its native token, Saddle Finance (SDL) on Thursday, June 23, 2022.

All community members that helped Saddle by providing funds to its liquidity pools are receiving access to their tokens so tokenholders can trade and transact SDL. 

Users can stake SDL, earn rewards on Saddle Exchange and receive vested SDL (veSDL) tokens. They can also trade SDL or provide liquidity to SushiSwap’s SDL and Ether (ETH) pair on SushiSwap

Saddle’s tokenomics and community governance

Inspired by the popular vote-escrow model, veSDL is the governance token that allows the Saddle community to manage the protocol. Stakers can vote on SDL-provision to liquidity pools and manage the supply.

Saddle’s tokenomics were designed for veSDL’s linear decay: Users are incentivized to keep funds staked, as staking at lower token prices maximizes yield returns. Another benefit is that pressure to sell SDL diminishes, fostering sustainable price actions.

Saddle has further initiatives with the support of its community. These milestones include the migration to on-chain governance, adding liquidity to SDL through Tokemak and introducing a new gauge for stakers to unlock extra yield boosts.

Saddle also intends to issue bonds through Olympus Pro to generate more protocol-owned value, launch a borrowing function against liquidity providers, add leveraged-yield farming with Rari Capital’s Fuse protocol, and collect airdrops and admin fees from select Sempi — Saddle ecosystem maximum-proliferation initiative — partners.

In its roadmap, the team includes virtual swap improvements, the launch of new liquidity pools for SDL stakers and a new service for users to deploy customizable Saddle pools.

About Saddle

Saddle is an AMM decentralized exchange (DEX) available on the Ethereum, Fantom, Arbitrum, Optimism and Evmos blockchains. It has facilitated more than $2 billion in transaction volume to date. 

Saddle’s DEX is optimized for trading stablecoins and pegged-value crypto assets, including Wrapped Ether (WETH) and Wrapped Bitcoin (WBTC). The protocol features an easy-to-use interface, ideal for beginners and seasoned decentralized finance (DeFi) investors. All trades are swift, cost-efficient and have minimal slippage. 

The Saddle team’s values are rooted in community-building, decentralization and expanding the DeFi space. Saddle wants to help bring AMMs onto any blockchain and pegged-asset swap primitives to DeFi. It’s backed by several renowned venture capital firms such as Coinbase Ventures, Framework, Polychain Capital, Dragonfly Capital and more.

Saddle’s code is 100% open source, and the team welcomes anyone to contribute to its protocol. Through the recent Sempi initiative, Web3 developers can join Saddle’s mission and develop with the protocol or, alternatively, fork the code.

Another selling point of Saddle is its robust security: All smart contracts have been thoroughly audited by leading blockchain-security companies such as Certik, Quantstamp, and OpenZeppelin.

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To celebrate the brand’s 22nd anniversary, VERTU Paris has unveiled they’ve partnered with Binance to launch the new VERTU Constellation X Ulm smartphone through an exclusive sales process. 

1,000 NFTs will be on sale on the Binance NFT platform. The rest of the NFTs will be available for purchase on the decentralized platform Galler.io and the official VERTU Paris website. For this occasion, VERTU will set up a unique launch operation on Monday, June 20th: only 10,555 smartphones will be available for sale via the purchase of an NFT, on the official Vertu Paris website.

After purchasing an NFT, the 10,555 owners will have until September 23, 2022 to choose whether to convert their NTF to the Vertu Constellation X ULM™ smartphone in order to receive it no later than February 2023, or if they decide to keep it as an NFT and thus become part of the new VERTU 3.0 business club bringing together the brand’s historical customers and the new web 3.0 community.

VERTU Constellation X ULM™

In the desire to bring the extraordinary within reach, the new VERTU Constellation X ULM™ is a blend of cutting-edge technological innovation and high fashion craftsmanship.

With an Octa-core processor, coupled with 12GB of RAM, the Vertu Constellation X ULM™ offers ultimate performance to meet the user needs.

The VERTU Constellation X ULM™ is a true everyday companion with its main camera. It features a 50 MP (f/1.9) main lens, a 12 MP (f/2.2) ultra-wide lens and a 48 MP (f/3.5) telephoto lens to capture the best experiences of your life. Not only shots, but also high-definition videos: 4K@30fps or 1080p@30/60fps.

Combining powerful technology that offers global connectivity with dual SIM, 5G compatibility, a stunning 6.71-inch 120Hz display and a fingerprint sensor for biometric security, the Constellation X Ulm is the perfect companion for those looking to get the latest luxury smartphone on the market or international travelers who are often on the go.

A New Smartphone That Offers All The Luxury Services Of VERTU Paris

To create its centerpiece, VERTU Paris has partnered exclusively with COMMUNITAKE, an innovator and leader in the world of confidentiality and communication security. COMMUNITAKE’s advanced technology will encrypt all voice and messaging exchanges to prevent interception of voice and data, as well as location. All VERTU Paris security services can be found on the COMMUNITAKE website.

Each VXCP NFT holder will also have access to exclusive, private events that bring together the most influential and successful people on VERTU’s 300,000+ private buyer list and new VERTU3.0 Club members, as well as Hall of Famers (like Elon Musk, Stephen Joseph Squeri and other successful entrepreneurs).

A Large-Scale Marketing Operation For VERTU’s 22nd Anniversary

The VERTU Constellation X Ulm™ 22nd Anniversary will be produced in limited quantities of only 10,555 units total, and available exclusively through the purchase of the VERTU Non-Fungible Token (VCXP). Starting this Monday, June 20, 2022, 10,555 NFTs go on sale for $5,175 (Constellation X Ulm™ selling price: $14,890).

In this way, VERTU combines luxury with the new world of crypto and the privacy of the Blockchain.

To celebrate its 22nd Anniversary, VERTU is also offering the VERTU community a system of extraordinary prizes offered to all owners of this first NFT collection. In total, no less than $4.68 million will be redistributed to the community in two forms:

VERTU will award crypto-currency prizes ranging from $20,000, $50,000 or $100,000 for every 79 NFTs sold When the 10555 NFTs will be sold, a contest will be held to award 4 grand prizes totaling $1 million (4 Bentley Bentaygas in VERTU colors and VERTU interior edition). Winners will be drawn at an event during Fashion Week 2022 live streamed worldwide from Paris for 3 smartphone/NFT owners, and 1 winner will be drawn from the live stream viewers of the event.

At the same time, VERTU Paris will make a donation of $500,000 to Médecins Sans Frontières (an international, independent medical humanitarian organisation).

Ternoa is a carbon neutral blockchain that is designed for minting NFTs. Specifically, it is a cross-chain NFT network and allows developers to build decentralised apps (dApps) and Web3 games on their network.

It is the first blockchain ecosystem that offers secure data encryption and transmission through the use of non-fungible tokens. As a result of this technology, users can gain full control over their private data, with the option of long-term storage of 20, 50, and even over 100 years.

Ternoa is powered by Polkadot, and it is one of the most promising cross-chain NFT networks in existence.

READ: AstridDAO announces partnership with Microsoft as they look to become the ‘dominant stablecoin’

Their native token, CAPS, is listed on a number of exchanges, including Bybit, HotBit, Pancake Swap, and Gate.io.

It is one of the 1,000 largest tokens in the world by market cap, with it currently trading at around $0.01455 according to CoinMarketCap (CMC) data.

Earlier this month, Ternoa launched a staking feature for their native token which allows holders to earn up to 116 percent on their CAPS.

Zerion, the leading DeFi and NFT portfolio manager, is launching the first generative NFT linked directly to users’ on-chain activity. As users explore Web3, this Dynamic NFT Avatar – or DNA for short – will evolve with them based on their actions and the assets they own. 

“With our DNA NFT, users can express their web3 identities based on the tokens they own, networks they trade on, and communities they belong to,” said Evgeny Yurtaev, CEO and co-founder at Zerion.

Based on a series of attributes, users will be able to mint an NFT when they create a Zerion wallet that represents their on-chain footprint across the 10 networks Zerion supports. Every additional action users take will alter their DNA.

This announcement comes alongside evolving into a Web3-native Wallet that enables users to sign transactions within their mobile app, trade across 10 networks, and connect directly to any decentralized application in a few taps.

Starting today, users can create a stand-alone crypto wallet with Zerion or import existing wallets like MetaMask or Coinbase Wallet, with no limit to the number of private keys supported on the app.

Wallets can be grouped, allowing users to manage their entire Web3 portfolios, from DeFi tokens to NFTs, all in one place without having to manually add assets or constantly switch between different wallets.

“It’s still difficult to make crypto transactions on your phone, especially across different chains,” says Evgeny Yurtaev, CEO and co-founder at Zerion. “ The Zerion Smart Wallet scans every decentralized exchange on the market to make mobile trading accessible, affordable and easy for the next billion Web3 explorers.”

Before launching its wallet, Zerion conducted security audits with the two of the leading blockchain security firms, Secfault and Cure53 who both concluded that the company’s code base was safe and secure. 

Since raising its latest round of funding in July 2021, the Zerion team has been working on turning the product into the primary interface for Web3.

They’ve made it easier for users to see the value of their NFTs, bridge across blockchain networks and invest in hundreds of protocols. Zerion was recently named one of the 50 most promising startups in 2022 by The Information.

To date, Zerion measures 220K monthly active users, has integrated over 500 protocols across 10 networks and has processed over $1.2B in transactions.

About Zerion

Zerion is a web3 smart wallet and investing tool that enables anyone with a mobile phone to manage their DeFi and NFT portfolios. With a relentless focus on user-centered design and a technology stack that aggregates across every major wallet, network and decentralized exchange, users are offered a single point of entry for managing their digital assets, including NFTs. Zerion is non-custodial, which means users never delegate their funds to the platform. This agile approach mitigates centralization risk and has allowed Zerion to operate globally since inception.

The company was founded in 2016 by Evgeny Yurtaev (CEO), Alexey Bashlykov (CTO) and Vadim Koleoshkin (COO) with the mission to empower more people around the world with efficient, permissionless and transparent financial services.

They raised their seed round in 2019 and Series A in 2021. Since then, Zerion has built an award-winning interface that serves more than 200K monthly active users from over 150 countries. Zerion has processed over $1B in transaction volume, seeing $5M traded per day on average with a median trade size of $1,000. To learn more, visit their website or follow the company on Twitter.

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