SEC - Page 67

3444 result(s) found.

NFTs Reverse 7-Month Trend Amid Solana Surge

//

In October, non-fungible tokens (NFTs) reversed a seven-month decline, seeing an 18% increase in trading volume.

Since March, when NFT monthly volumes reached $1.6 billion—their highest in 2024—the market had been trending downward, hitting its lowest monthly volume since 2021 in September.

According to CryptoSlam, NFT volume in September 2024 was around $300 million, marking a 20% decrease from August. However, NFT sales volume showed some recovery in October, reaching $356 million, an 18% increase month-over-month.

NFT transactions also surged, with October recording 7.2 million transactions, a 42% rise from September’s 5 million. In addition, NFT weekly volumes hit a high for the month. Between September 30 and October 6, NFT sales exceeded $84 million—the strongest weekly sales since August.

Among NFT collections, DMarket on the Mythos Chain led with $33 million in sales over the last 30 days. Guild of Guardians Heroes on Immutable followed with $13 million. Bitcoin and Ethereum-based collections, including Bitcoin Puppets, Bored Ape Yacht Club, and CryptoPunks, also recorded strong volumes in October.

Solana-based NFTs continued to perform well. Collections such as DogeZuki, Froganas, and Retardio Cousins amassed nearly $25 million in sales during October. Solana-based NFTs registered a 30-day volume of $67 million, accounting for 19% of the total NFT volume that month. This brings Solana’s all-time NFT volume close to $6 billion, solidifying its position as the second-ranked blockchain by overall NFT sales.

Breaking Ground: Midnight to Launch the World’s First Deconstructed MMO on Aptos, Unveiling the Future of AA Gaming

Las Vegas, US, November 1st, 2024, Chainwire

Midnight Evergreen Technologies, Inc. (Midnight) dares to reimagine the role of an AA game publisher, with a mission to fundamentally reshape how we play together. Midnight is building The Evergreen, the first (of-its-kind) publishing platform designed as a deconstructed, composable MMORPG, delivering immersive, cross-genre experiences that seamlessly span across various platforms, pushing the boundaries of how games are played and enjoyed.

The Evergreen fuses enduring player progression with constantly evolving gameplay, creating an interconnected arcade of games that offer the reach, engagement, and monetization of a traditional MMO—without the risks of a single theme, game narrative, or prolonged production cycles.

Midnight proudly announces the launch of the first of its 26 planned core games in this Deconstructed MMO: The Evergreen: Midnight Market. Set to release on Web, Mobile, and Telegram, and built in partnership with Aptos Foundation, Midnight Market is a daring game of risk and reward where every spin teeters between fortune and mischief. Combining the thrill of crypto gaming with the reliability and scalability of Aptos’ Layer 1 blockchain, Midnight Market sets a new standard for decentralized gaming.

Players will find themselves in a high-stakes world of chance, crafting items, earning tokens, and navigating encounters with the elusive Night Pig. How far will you push your luck in pursuit of the ultimate prize?

“Our partnership with Aptos Foundation marks a significant tipping point,” said Steve Wade, Founder & CEO of Midnight. “Aptos’ innovative Web3 infrastructure aligns perfectly with our strategy to focus on player participation in the ecosystems they engage with. Specifically, we’ve solved for interoperability between games, and Aptos makes that solution a reality.” Wade further explained, “We believe in the creator economy and see Web3 as the next logical step—empowering individuals and communities to shape the ecosystems they interact with. With Aptos, we envision a world where players’ stories matter and endure long after the game is over.”

Key Features of The Evergreen: Midnight Market

  • Engaging, Unpredictable Gameplay: Players experience unpredictable rewards or unexpected encounters, with every spin holding the potential for either fortune or a surprise interaction with the Night Pig. This element of suspense enhances the gameplay experience with an entertaining, high-stakes twist.
  • Decisive Risk-Reward Mechanics: With each turn, players must choose between pushing their luck for higher rewards or banking their earnings. This gameplay design adds strategic depth, enhancing engagement through meaningful player choices.
  • Aptos Powered Player Economy: Midnight Market features a blockchain-powered economy, enabling players to craft items known as Keys and earn tickets that can be redeemed for the native ecosystem token or other exclusive merchandise. This player-driven system ensures that every reward has tangible value, heightening the stakes and making the game’s risk-reward mechanics even more impactful.

The game is the first major title to utilize the Aptos high-throughput blockchain, which boasts low latency and high transaction speeds, creating a seamless gaming environment for thousands of players worldwide.

“Powered by the speed and security of the Aptos blockchain, we’re excited to see Midnight’s ambitious vision for The Evergreen brought to life,” said Bashar Lazaar, Head of Grants and Ecosystem at Aptos Foundation. “Players can expect an immersive, genre-spanning experience where every move shapes their unique journey, and the time they spend leaves lasting echoes within the game’s universe and control over the assets they acquire. This isn’t just a step into the future of Web3 gaming—it’s a bold leap forward, placing players at the heart of a dynamic ecosystem, where every moment they choose to spend has a meaningful impact on the worlds they explore”.

The Evergreen: Midnight Market is in closed beta now and available to players globally November 13th. For more information visit Midnight.io and join our discord .

About Aptos Foundation

Aptos Foundation is dedicated to supporting the development of the Aptos protocol, decentralized network and ecosystem and driving engagement with the Aptos ecosystem. By unlocking a blockchain with seamless usability, Aptos Foundation aims to bring the benefits of decentralization to the masses. Users can visit https://www.aptosfoundation.org for more information.

About Aptos Network

Aptos is a next-generation Layer 1 blockchain. Aptos’ breakthrough technology and programming language, Move, are designed to evolve, improve performance and strengthen user safeguards. Users can visit https://www.aptosfoundation.org for more information on the Aptos blockchain.

About Midnight

Midnight is at the forefront of innovation with The Evergreen, the first-ever publishing platform that operates as a deconstructed, composable MMORPG. Players engage with and explore diverse, interconnected game worlds, all linked by The Evergreen, a dynamic nexus that binds these unique experiences together. Each game is its own universe, offering new adventures while feeding into a broader progression system. By combining immersive gameplay with a shared economy and evolving narratives, Midnight is reshaping how players discover and interact with new worlds across genres and platforms.

Users can follow Midnight: Website | X | Discord | Telegram

Contact

CEO
Steve Wade
Midnight Evergreen Technlogies, Inc.
support@midnight.io

River Protocol Acquires Llama to Strengthen On-Chain Governance for its Decentralized Communication Products

Zug, Switzerland, November 1st, 2024, Chainwire

This acquisition will enhance the governance features for all existing and forthcoming web3 communication platforms built on the River Protocol.

River, the first-of-its-kind protocol for securing communication for end users, today announced its acquisition of Llama, a protocol designed for decentralized governance. Llama’s technology will be integrated into River to further enhance its offerings for users. Earlier this month, Towns, an end-to-end encrypted on-chain communications platform, launched on River, cementing it as River’s largest project to date with 125 thousand unique users onboarded and 81 thousand Towns created. The acquisition will benefit all existing and forthcoming platforms built on the protocol, including more robust governance tools for DAOs and expanding their use cases.

The protocol is focused on expanding its technical capabilities and shaping the future of web3 communications. The integration will enhance River’s token governance capabilities and provide built-in governance contracts for users creating spaces within the platform. Additionally, Towns will benefit from a new tech stack, allowing users to build customizable governance systems.

“The acquisition of Llama aligns perfectly with our vision at River to offer more decentralized governance and customization for our users,” said Patrick Fives, Chief Protocol Officer and Co-founder of the River Protocol. “Our goal is to build the future of communication, and this integration will streamline decision-making, creating more accessible and efficient on-chain governance.”

Llama’s governance system is powered by open-source smart contracts, providing flexibility and customization for users. It allows DAOs to define specific roles and permissions for executing on-chain transactions, or “actions,” such as protocol upgrades, fund transfers, parameter adjustments, and emergency pauses. By allowing users to determine who can propose, approve, or execute these actions, Llama incorporates robust checks and balances through advanced permissioning strategies. This granular control is important for securely managing complex operations and adapting to changing requirements.

“The River team has been at the forefront of on-chain governance innovation from the start, quickly adopting advanced features like multi-token voting and multi-chain governance,” said Austin Green and Shreyas Hariharan, co-founders of Llama. “Their integration of these tools has set a new standard for decentralized communication platforms, and we’re excited to see how they’ll continue using our technology to create even more customizable and powerful governance solutions for their users.”

In 2023, Llama raised a $6 million seed round led by Founders Fund and Electric Capital and notable investors including Elad Gil, Sandeep Nailwal (Polygon), and Stani Kulechov (Aave).

About River

River is the first-of-its-kind protocol for securing communication for end users. It unlocks the same experience you would expect from web2 communication platforms, while providing the security of web3. The River Protocol is an EVM-compatible L2 chain, leveraging decentralized off-chain stream nodes and smart contracts that are deployed on Base, to build programmable communication tools in a permissionless manner. River’s utility token, RVR, is delegated to Node Operators to help secure the platform. Launched in May 2024, River’s clients include Propeller.chat and Towns, the a16z-backed on-chain communications platform that launched in October 2024.

About Llama

Llama is a fullstack platform for onchain access control and governance. The Llama protocol is designed for decentralized governance, consisting of open-source, fully deployed smart contracts that offer a comprehensive on-chain governance system with flexible requirements. The platform allows clients to securely take action using onchain policies and custom execution strategies. In 2023, Llama raised a $6 million seed round led by Founders Fund and Electric Capital and notable investors including Elad Gil, Sandeep Nailwal (Polygon), and Stani Kulechov (Aave).

Contact

Ryleigh Ebron
Serotonin
ryleigh@serotonin.co

SingularityDAO Approves Merger With Cogito Finance and SelfKey Following SDAO Community Vote

Gros Islet, St. Lucia, November 1st, 2024, Chainwire

SingularityDAO has concluded a community vote to determine its proposed merger with Cogito Finance and SelfKey. SDAO holders voted overwhelmingly in favour of the merger, enabling SingularityDAO to press ahead with plans to form Singularity Finance, an EVM Layer 2 for tokenising the AI economy.

The proposal to merge with Cogito Finance and SelfKey and combine technologies to create Singularity Finance was put to SDAO holders via Snapshot, the popular governance framework. More than 15M SDAO were used in the voting process with 94.78% of the tokens utilised approving the merger.

SingularityDAO Co-Founder Mario Casiraghi said: “We’re grateful to all SDAO holders for participating in this pivotal governance vote and having their say on the future of SingularityDAO. With their approval, we will now move ahead with the proposal to create Singularity Finance as an L2 that combines the best elements of SingularityDAO with those of our partners SelfKey and Cogito Finance to accelerate DeFi and AI innovation.”

Following the governance vote, SingularityDAO is poised to proceed with the merger pending an imminent community vote on behalf of KEY holders that will determine SelfKey’s position. The creation of Singularity Finance would enable the three projects to align to develop solutions across all stages of the Artificial Intelligence (AI) value chain.

Singularity Finance has been conceived with the goal of supporting an array of AI-driven financial services including RWA tokenisation and onchain identity management. Through positioning itself as a leader in the rapidly growing AI economy, the Layer 2 will attract developers and users seeking to gain exposure to the new use cases and assets the industry supports.

Cloris Chen, CEO of Cogito Finance, shared in a quote: “The overwhelming community support for the SFI merger is a powerful testament to the shared vision we have for the future of finance. By combining our expertise and technologies, we are poised to unlock unprecedented opportunities at the intersection of AI and DeFi. Singularity Finance will be a leading force in driving innovation and accessibility in this dynamic landscape, empowering individuals and institutions alike.”

The existing AI-powered portfolio management services SingularityDAO currently provides will be enhanced by the incorporation of compliance and RWA tokenisation solutions courtesy of SelfKey and Cogito Finance respectively. This will include financial tools that enhance and automate analysis, portfolio, and risk management leveraging SingularityDAO’s AI-driven DynaVaults and other technologies.

The proposed merger will see a leadership council for Singularity Finance established to oversee operations of the newly merged financial ecosystem. The council will be led by Dr. Ben Goertzel, CEO of SingularityNET and the Artificial Superintelligence Alliance; Cloris Chen, CEO of Cogito Finance; and Mario Casiraghi, CFO of SingularityNET and Co-Founder of SingularityDAO.

About SingularityDAO

SingularityDAO is a decentralised Portfolio Management Protocol designed to democratise access to sophisticated crypto asset management tools. The upcoming DynaVaults, multi-asset, multistrategy vaults leveraging AI-enhanced analytics and risk management tools, provide the much needed infrastructure in the volatile world of DeFi.

Learn more: https://singularitydao.ai/

Contact

Avishay Litani
pr@marketsacross.com

SCRYPT Collaborates with P2P.org to Facilitate Institutional On-Ramp/Off-Ramp to Delegators

Zurich, Switzerland, November 1st, 2024, Chainwire

SCRYPT, a leading Swiss-based provider of institutional crypto solutions, is proud to announce its collaboration with P2P.org to support the efficient on-ramp and off-ramp services for token swaps including the recent EIGEN Season 2 operator’s allocation share, enabling seamless conversion from EigenLayer (EIGEN) to Ethereum (ETH). The operator allocation share was conducted in October with P2P.org, a leading operator in the EigenLayer ecosystem, facilitating a transaction to distribute ETH to its community and delegators as part of the EigenLayer Season 2 operator’s allocation share.

Through its market-leading OTC desk, SCRYPT ensured a smooth process for converting the received EIGEN tokens into ETH, providing secure services for P2P.org’s delegators. This collaboration underscores both companies’ commitment to empowering their communities with innovative crypto solutions.

Norman Wooding, CEO of SCRYPT, commented on the collaboration:

“Our collaboration with P2P.org marks an important step in facilitating the future of decentralized staking services and enhancing liquidity in the EigenLayer ecosystem. By offering secure and reliable on- and off-ramp solutions, we are proud to support P2P.org in this key phase of distribution. This collaboration highlights our dedication to providing robust, institution-grade services to the crypto industry.”

Gabriel Titopolous, Head of OTC at SCRYPT, added:

“Working alongside P2P.org has been a rewarding experience as we ensured a seamless execution of the EIGEN to ETH conversion. We’re thrilled to bring services and OTC expertise to the table, empowering delegators and enhancing their experience in this evolving ecosystem.”

On behalf of P2P.org, Vlad Kurenkov – Head of Restaking noted:

“SCRYPT’s industry expertise and secure infrastructure made them the ideal partner for this operator allocation share. Their solutions are essential in ensuring our community can efficiently access and utilize the ETH we distributed, which was converted from EIGEN tokens. We look forward to continued cooperation and further enhancing the experience for our delegators.”

With this collaboration, SCRYPT continues to solidify its role as a trusted partner in providing solutions and advanced OTC services to institutional clients within the evolving blockchain landscape.

About SCRYPT

SCRYPT is the leading Swiss-licensed partner for institutional crypto solutions, providing seamless access to the crypto economy through trusted infrastructure and expertise. We enable institutions to confidently manage, trade, and store digital assets.

About P2P.org

Launched in 2018, P2P.org aims to shape a decentralized future for all and provide stakeholders with non-custodial staking services. With over $6.5+ billion in TVL and over 90,000 delegators, P2P.org has become a top 3 global leader by TVL. Pioneers in their industry, the dedicated team at P2P.org has assumed pivotal roles as early validators across multiple networks. Their unwavering commitment to building leading infrastructure has made them one of the leading Ethereum validators globally.

Contact

Junior Consultant
Jacob McGoldrick
CW8
scrypt@cw8-communications.com

CreationNetwork.ai Emerges as a Leading AI-Powered Platform, Integrating 22+ Tools for Enhanced Digital Engagement

London, United Kingdom, November 1st, 2024, Chainwire

CreationNetwork.ai, a groundbreaking digital platform, today announces its public launch, redefining digital engagement for businesses, content creators, and influencers. As an all-in-one solution for content creation, e-commerce, social media management, and digital marketing, CreationNetwork.ai combines 22+ proprietary AI-powered tools and 29+ platform integrations to deliver the most extensive digital ecosystem available.

Empowering Digital Transformation with 22+ AI-Powered Tools

CreationNetwork.ai’s suite of tools spans every facet of digital engagement, equipping users with powerful AI technologies to streamline operations, engage audiences, and optimize performance. Each tool is meticulously designed to enhance productivity and efficiency, making it easy to create, manage, and analyze content across multiple channels. Key tools include:

  • AI Copywriter: Generates high-quality, unique content for blogs, social media, and business communications.
  • AI Page Maker: Simplifies landing page creation with zero design or coding knowledge.
  • AI Trend Briefs: Provides market insights and trends, positioning users at the forefront of innovation.
  • AI Bot Maker: Creates intelligent chatbots for seamless user interaction and customer support.
  • AI Video Maker: Produces captivating, brand-aligned promotional videos.
  • AI Video Ambassador: Transforms text scripts into spokesperson videos with customizable avatars.
  • AI Voiceovers Studio: Offers lifelike voiceovers in multiple languages and accents.
  • AI SmartVoice Replicator: Clones voices to maintain brand consistency across content.
  • AI Voice Modifier: Enhances voice recordings, elevating audio quality effortlessly.
  • AI SmartTranscriber: Converts audio into text with accuracy, ideal for transcription and subtitles.
  • AI Design Studio: Enables professional-quality graphic creation without design skills.
  • AI BrandMagic: Instantly creates essential brand assets like logos and business cards.
  • AI Banners: Tailors banners for digital platforms and campaigns.
  • Art Academy – Image Genius: Allows text-to-image transformation, animations, and editing with AI.
  • Social Metrics Analytics: Offers detailed insights on social media performance metrics.
  • Social SmartEngagement: Increases engagement through targeted AI-driven insights.
  • Social PublishMaster: Automates social publishing with optimized timing and platform synchronization.
  • Social Listen Monitor: Tracks brand mentions and audience sentiment across social media.
  • Social Automation Optimize: Automates repetitive tasks, improving workflow and engagement.
  • Social CollaborationPro: Fosters team collaboration, managing content creation and approval processes.
  • AI & Automation: Integrates AI-driven insights across content creation, engagement, and analytics.
  • Team-Powered Branding: Amplifies brand messaging through employee advocacy.

Each of these tools is designed to optimize digital engagement, reduce manual workload, and enable users to focus on impactful, strategic actions. CreationNetwork.ai’s suite harnesses the transformative power of AI and blockchain, fostering both creativity and precision.

Comprehensive Integration Network: 29+ Platform Connections for Maximum Reach

One of the most distinguishing features of CreationNetwork.ai is its extensive integration network. With over 29 integrations, users can synchronize their digital activities across major social media, e-commerce, and content platforms, providing centralized management and engagement capabilities.

Social Media Integrations: Facebook, X (Twitter), Instagram, LinkedIn, Pinterest, TikTok, YouTube, WhatsApp, Telegram, Discord, and Snapchat.

E-commerce Integrations: Google Business Profile, Shopify, WooCommerce, Etsy, BigCommerce, Ecwid, and Wix Commerce, supporting online retailers with seamless inventory and order management.

Content Creation Integrations: Canva, Grammarly, Airtable, Zapier, Make, Adobe Express, Unsplash, Giphy, Pexels, Pixabay, and Dropbox allow users to access resources for content creation and file management without leaving the CreationNetwork.ai platform.

This integration network empowers users to manage their brand presence across platforms from a single, unified dashboard, significantly enhancing efficiency and reach.

Community Incentives: CRNT Token Airdrop and ICO Whitelisting

In preparation for its Initial Coin Offering (ICO), CreationNetwork.ai is launching a $750,000 CRNT Token Airdrop to reward early supporters and incentivize participation in the CreationNetwork.ai ecosystem. Qualified participants can secure their position by following CreationNetwork.ai’s social media accounts and completing the whitelist form available on the official website. This initiative highlights CreationNetwork.ai’s commitment to building a strong, engaged community.

Whitelist Form: https://creationnetwork.ai/whitelist-airdrop-gateway/

CreationNetwork.ai: The Future of Digital Content and Marketing

CreationNetwork.ai is also a comprehensive digital ecosystem for businesses, creators, and marketers. Combining the power of AI and blockchain, CreationNetwork.ai redefines how users manage their digital presence, from crafting content to engaging with audiences across diverse channels. Its suite of tools, extensive integrations, and commitment to community-building make CreationNetwork.ai a leading solution for digital transformation.

“CreationNetwork.ai is built to set a new benchmark in digital engagement,” said Ali Demir, CEO of CreationNetwork.ai. “We’re providing creators and businesses with an all-encompassing solution that combines innovative AI, deep platform integrations, and automation. Our platform is truly one of a kind, empowering users to harness the full potential of digital technology.”

About CreationNetwork.ai

CreationNetwork.ai is a leader in AI-driven content creation, social media management, and e-commerce solutions, leveraging blockchain technology to empower its users with advanced digital engagement tools. Through a broad spectrum of AI tools and extensive integrations, CreationNetwork.ai is dedicated to transforming the way brands, businesses, and creators connect with audiences in an ever-evolving digital world.

For further information, users can visit https://www.creationnetwork.ai/ and https://www.crnttoken.net/.

Users can also connect with CreationNetwork.ai on their Social Media:

Telegram: creationnetworkCRNT

Twitter: @CRNTNetworkAI

Facebook: AINetwork369

Instagram: creationnetwork.ai

YouTube: CreationNetwork AI

Contact

CEO
Ali Demir
creationnetwork.ai
marketing@creationnetwork.ai

Cloudbet Data Shows Trump Leads in Crypto Betting Markets, Harris Odds Drop Ahead of 2024 U.S. Election

Willemstad, Curaçao, Netherlands, November 1st, 2024, Chainwire

Cloudbet sportsbook data shows Trump still crypto favorite; Harris probability dips to record lows.

With just a few days left until the 2024 U.S. Presidential Election, the crypto betting market and traditional polls continue to diverge on the race between former President Donald Trump and Vice President Kamala Harris. Cloudbet, a leading crypto betting platform, reports Trump’s odds at 1.56, indicating crypto money is piling into what many believe is an all but certain second term for Trump.

As final polls rolled in over the pre-election weekend, Harris seemed to be holding on in several crucial “blue wall” states. The notable exception was Pennsylvania, with CNN polling showing the candidates tied at 48%. “Given only the polls, there is no way the odds would have moved this far to Trump,” a Cloudbet spokesperson said. “I’m not saying there’s not a high chance he’ll win, but it’s hard to imagine a lot of crypto bettors aren’t betting on their personal hopes here.”

On election day in 2020, Cloudbet reported that 84% of bets placed favored Trump. “It was so one-sided the oddsmakers were double and triple-checking everything coming in,” said the spokesperson. “They couldn’t believe how few people were backing Biden to win.”

In 2024, Cloudbet believes the added weight of a “crypto voter” voting block may be a contributing factor to the bullishness on Trump, who has repeatedly weighed in with pro-crypto talking points. Cloudbet’s odds for Trump imply a 64.1% chance of him winning the election, with Harris’ odds sometimes dipping below a 40% chance of victory. 

Cloudbet users have also been bullish in state-by-state bets for Trump, moving implied probability close to 80% in North Carolina and to almost 60% in Wisconsin (as of October 31, 2024):

  • Arizona: Trump to win at 78.13%
  • Florida: Trump to win at 97.09%
  • Georgia: Trump to win at 74.07%
  • Michigan: Harris to win at 58.14%
  • Nevada: Trump to win at 68.03%
  • North Carolina: Trump to win at 75.19%
  • Pennsylvania: Trump to win at 60.24%
  • Wisconsin: Trump to win at 58.82%

Odds, of course, may tighten. The final days of the campaign have been marked by high-profile endorsements and controversies. Puerto Rican reggaeton star Nicky Jam withdrew his support for Trump after comedian Tony Hinchcliffe’s disparaging remarks about Puerto Rico at a rally. Meanwhile, former California Governor Arnold Schwarzenegger announced his endorsement of Harris, joining a growing list of Republicans crossing party lines.

Per Cloudbet, this all adds up to a wild ride for bettors: “It’s going to be a wild last few days here. Crypto bettors often jump in at the final hour, and we expect a ton of people to be looking at the moving odds on our politics page right up until polls close.”

About Cloudbet

Founded in 2013, Cloudbet is the longest-running crypto-betting platform in the world. It has processed millions of bets across its sportsbook and casino platforms, serving hundreds of thousands of users globally. As a licensed operator, Cloudbet maintains institutional-grade custody solutions and a decade-long track record of zero security breaches.

Players can bet using 35+ cryptocurrencies, from Bitcoin and Ethereum to stablecoins and emerging altcoins. Available in 18 languages, Cloudbet features live sports betting across major leagues, esports, and 3,000+ casino games from premier providers.

For media inquiries, odds requests, and further information, please contact Irene at irene@media.cloudbet.com or visit media.cloudbet.com.

Contact

Irene
Halcyon Super Holdings B.V.
irene@cloudbet.com

Blockchain Association Accuses Gary Gensler of Costing Crypto Companies Over $400 Million

//

The Blockchain Association (BA), an advocacy group for cryptocurrency and blockchain, reported that since Gary Gensler became chair, the U.S. Securities and Exchange Commission (SEC) has cost companies at least $426 million in litigation over digital assets.

According to an Oct. 31 update on BA’s “regulation by enforcement” page, the SEC brought 104 cases against the crypto industry between 2021 and 2023. The BA claims that self-reported data from its member companies—a “small slice of the industry”—indicates that crypto firms spent $426 million on “defensive litigation” against the SEC.

“The industry – and the American voter – is ready for change and a fair shot,” stated the BA. “The time of law-fare against our industry must end. That begins with a change of leadership at the SEC.”

Many crypto advocates and U.S. lawmakers have criticized Gensler for what they see as a “regulation by enforcement” approach, targeting major firms like Binance, Ripple, and Coinbase since he assumed office in 2021.

The BA further claimed on X that Gensler’s “anti-innovation crypto crusade” has led to “an immeasurable loss of jobs, innovation, and U.S. tech investment.” Both the BA and its CEO, Kristin Smith, urged crypto users to support a leadership change at the SEC.

In its posts, the BA didn’t specify which political candidates it would endorse in 2024 to bring about a “change of leadership” at the SEC. However, Republican candidate Donald Trump has promised to fire Gensler “on day one” if elected. Reports suggest Democratic Vice President Kamala Harris is also considering alternative candidates for the SEC chair position.

“Crypto is an up-for-grabs election issue with the power to sway voters: no party currently ‘owns’ the issue, but voters say they are more likely to support and back candidates who support innovations in the digital asset space,” noted the BA. “Crypto Voters make up 18% of the electorate and are even more winnable on this issue.”

Early voting is underway across the U.S., with Election Day set for Nov. 5. Many polls show Harris leading in the popular vote, though the Electoral College race remains tight between her and Trump.

Flipster Partners with BNB Chain for Fee-Free Withdrawals

Warsaw, Poland, November 1st, 2024, Chainwire

Flipster, a global crypto derivatives exchange, has announced a collaboration with BNB Chain, a community-driven blockchain ecosystem, to offer fee-free withdrawals, aiming to democratize access to cryptocurrency trading.

This collaboration builds on Flipster’s existing zero-fee trading model, aligning with both Flipster and BNB Chain’s shared mission to make cryptocurrency trading more user-friendly and cost-effective. By backing BNB Chain’s gas-free withdrawals initiative, Flipster users will be able to transact with ease and capitalize on market movements effectively while avoiding hidden fees and slippage.

CEO of Flipster, commented, “We’ve always been focused on building an inclusive and user-centric environment to enhance the trading experience for our users. Collaborating with BNB Chain on fee-free withdrawals is a natural step toward advancing our shared vision of opening up crypto trading to the masses. We are committed to fostering a thriving ecosystem where digital assets are easily accessible to everyone.”

Beyond bridging the gap between traditional finance and crypto, Flipster aims to explore further synergistic initiatives that accelerate crypto adoption. This includes fostering connections within the ecosystem, providing seamless entry into the market, and enhancing the overall trading experience, to encourage greater participation in the ecosystem.

Gala Wen, Director of Ecosystem Development at BNB Chain, added “Collaborating with Flipster to provide gas-free withdrawals is a key part of our ongoing efforts to lower barriers to entry in the crypto market. By removing withdrawal fees, we empower more users to engage with digital assets and expand access to cryptocurrency, aligning with BNB Chain’s mission to onboard the next billion users into Web3. We look forward to exploring further initiatives with Flipster to enhance user empowerment.”

Flipster’s platform is designed for rapid trade execution, deep liquidity, and zero trading fees. With the integration of BNB Chain’s fee-free withdrawals, users can withdraw stablecoins without incurring additional costs until the end of the month.

Processing over $10 billion in monthly trading volume and serving over a million users, more than 98% of asset deposits and withdrawals on Flipster are stablecoins, making the zero-fee withdrawal offering on BNB Chain even more valuable for users looking to maximize their returns.

For more information about the campaign, please refer to Flipster’s blog.

About BNB Chain

BNB Chain is a community-driven blockchain ecosystem that is removing barriers to Web3 adoption. It is composed of:

  • BNB Smart Chain (BSC): A secure DeFi hub with the lowest gas fees of any EVM-compatible L1; serves as the ecosystem’s governance chain. 
  • opBNB: A scalability L2 that delivers the lowest gas fees of any L2 and rapid processing speeds.
  • BNB Greenfield: Meets decentralized storage needs for the ecosystem and lets users establish their own data marketplaces.

Setting a high bar for security, the AvengerDAO community protects BNB Chain users while Red Alarm provides a real-time risk-scanner for Dapps. The ecosystem also offers a range of monetary and ecosystem rewards as part of its Builder Support Program.

About Flipster

Flipster is a crypto derivatives exchange known for its lightning-fast perpetual futures listings, zero trading fees, high liquidity, and rapid trade executions. The easy-to-use platform provides users with an all-in-one trading experience with leverage of up to 100x on over 250 tokens, supporting traders globally in capitalizing on market opportunities. For media enquiries or interview requests with the team, please reach out to pr@flipster.io.

Contact

Shirlyn Tan
Flipster
pr@flipster.io

Open AGI Summit Comes To DevCon With Google Cloud As An Official Partner

Bangkok, Thailand, October 31st, 2024, Chainwire

The Open AGI Summit, a pioneering conference exploring the intersection of Artificial General Intelligence (AGI) and decentralized technologies, is set to take place in Bangkok on November 14th, 2024. This event coincides with DevCon, a major blockchain developer conference, offering attendees a unique opportunity to engage with both communities. It is being supported by flagship partners Sentient, Polygon Labs, SCB 10X|SCBX, and Google Cloud, among others.

Decentralization: A Path to Safe and Ethical AGI

With the rapid advancement towards AGI, concerns regarding centralized control and potential societal risks are mounting. The Open AGI Summit aims to address these anxieties by exploring how decentralized, blockchain-powered governance models can foster safer, more transparent, and ethically aligned AI development.

The summit will also spotlight AI’s potential to drive innovation across diverse fields. By emphasizing collaborative efforts and the ethical dimensions of AI, this event aspires to chart a path toward a future where AGI serves as a tool for universal benefit and prosperity.

Leading Voices Unite in Bangkok

The summit brings together prominent figures from the fields of AI, blockchain, and web3. Confirmed speakers include:

  • Pramod Viswanath, Sentient
  • Sandeep Nailwal, Polygon
  • Sreeram Kannan, Eigenlayer
  • Tarun Chitra, Robot Ventures
  • Illia Polosukhin, Near
  • Juan Benet, IPFS

Sandeep Nailwal, a previous Open AGI Summit speaker, Co-founder of Polygon and Core Contributor to Sentient, states: “As AI continues to advance at an unprecedented rate, we face a critical decision. Do we allow a handful of corporations to dominate this powerful technology, creating a closed world where innovation is stifled and benefits are concentrated? Or do we choose a future where AI is open, transparent, and accessible to all, fostering a more equitable and prosperous society? Blockchain technology offers the promise of such an open world, ensuring that the benefits of AI are distributed fairly and that its development is guided by collective values.”

Joining the talented speaker lineup is Pramod Viswanath, a Forrest G. Hamrick Professor of Engineering at Princeton University, Core Contributor to Sentient, and a leader in wireless communication and blockchain technology. He was also a founding engineer at Flarion Technologies, where he co-invented technologies that laid the groundwork for 4G LTE networks, revolutionizing mobile internet speeds.

Expect discussions to encompass a range of critical topics, including technical advancements in AI safety research, decentralized governance structures for AI systems, and ethical considerations in AI development. Additionally, there will be a focus on emerging applications at the crossroads of AI and blockchain, highlighting the innovative synergy between these technologies. The summit aims to provide a comprehensive overview of the current state and future prospects of AGI, ensuring a thorough exploration of its potential impacts and challenges.

Fostering Collaboration: Academia, Industry, and Community

The Open AGI Summit seeks to bridge the gap between academic advancements, industry expertise, and the vibrant decentralized AI community. The event fosters collaboration toward the shared goal of responsible AGI development. This convergence of talent and ideas not only accelerates innovation, but also ensures that AI technologies are built with a firm commitment to ethical principles and societal benefit.

About The Open AGI Summit

The Open AGI Summit is a platform for exploring the intersection of AI and decentralized technologies. We believe that transparent and open-source AI development, empowered by blockchain, is essential for a future of safe and beneficial AGI.

Learn more about Open AGI Summit here: https://openagi.xyz

About Sentient

Sentient is creating a community-built Open AGI platform. Sentient’s team is composed of leading web3 founders, builders, researchers, and academics who are committed to creating trustless and open artificial intelligence models.

Learn more about Sentient here: https://sentient.foundation

Contact

MarketAcross
pr@marketacross.com

1 65 66 67 68 69 345