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Uplift DAO partners with MoonPay to make it simpler to invest in Web3 projects
Uplift DAO, a cross-chain Launchpad that offers crowdfunded support for Web3 projects, has announced that it is integrating MoonPay to simplify the process of investing in Web3 projects. After the integration, Uplift DAOP users will find it easier to invest in new and exciting Web3 projects through traditional payment methods like bank transfers. The partnership will offer a major breakthrough to one of the main barriers for investors who want to invest in Web3. Growth Lead at Uplift, Irina Berezina, said: “At Uplift DAO one of our core missions is to lower the barrier of entry to Web3 investment opportunities, whilst simultaneously raising the standard of usability for our users. By integrating MoonPay onto our platform, this is a key step towards web3 scalability not only for us as an ID...
Bitcoin price ‘easily’ due to hit $2M in six years — Larry Lepard
Bitcoin (BTC) is on track to hit a massive $2 million within six years, asset management guru Lawrence “Larry” Lepard believes. In his latest appearance on the Quoth the Raven podcast Oct. 16, Lepard said that BTC/USD could “easily” deliver 100X returns from current prices. Lepard: “I personally believe Bitcoin’s going to go up 100X” With Bitcoin in a downtrend for almost a year, bullish BTC price predictions are few and far between. Lepard, already known for his optimism on both Bitcoin and precious metals, has become one of the lone voices forecasting a seven-figure BTC price tag in the current environment. In his podcast appearance, the Equity Management Associates founder revealed that he is still dollar-cost averaging into BTC — buying a fixed amount every week, regardless of the pric...
Interpol reportedly creates dedicated unit to fight crypto crimes
The International Criminal Police Organization is reportedly planning to strengthen its crackdown on cryptocurrency-related crimes by forming a dedicated division. Interpol, the world’s largest global police organization, has set up a special team in Singapore to help governments fight crimes involving virtual assets, the Indian news agency Business Standard reported on Oct. 17. Interpol made the announcement at a press conference ahead of its 90th general assembly in Delhi, which is to be attended by high-profile police officials from its 195 members from Oct. 18 until Oct. 21. According to Interpol secretary general Jürgen Stock, the absence of a legal framework for cryptocurrencies like Bitcoin (BTC) and Ether (ETH) poses major challenges to law enforcement agencies. “Because very often...
Ethereum solo validators that censor blocks should ‘be tolerated’ — Buterin
Ethereum co-founder Vitalik Buterin believes that solo validators that choose not to include certain transactions should “be tolerated” to stop the Ethereum community from becoming the “morality police.” Vitalik Buterin made the comment in reply to a Twitter poll from latetot.eth, discussing a hypothetical scenario whereby a validator censors a transaction that doesn’t align with their beliefs. The thread, published on Oct. 17, asked what should happen if a solo validator, in a country at war with another, decides not to process a block because it includes donations to the opposing military force. I’m a solo home validator in Country A. We are at war w Country B, and I decide that I’m not going to include donations to their military when it’s my turn to make a block. This validator s...
Web3 infrastructure firm ChainSafe raises $18.75M as attention shifts to GameFi
Canadian Web3 infrastructure company ChainSafe has closed an $18.75 million funding round that was backed by prominent industry venture firms, putting the company on track to expand operations at a time when demand for blockchain infrastructure and gaming services was on the rise. The Series A round was led by venture firm Round13 with additional participation from NGC Ventures, HashKey Capital, Sfermion, Jsquare, ConsenSys, Digital Finance Group and Fenbushi Capital. ChainSafe said the funding would go toward supporting the growth and adoption of Web3 technology. ChainSafe’s founding team met at an Ethereum meetup in Toronto in 2017. Later that year, ChainSafe was founded as a blockchain research and development firm. The company mainly focuses on multi-chain R&D and other Web3 umbrel...
Celsius judge says court may look to UK consultation paper in absence of US guidance
The lack of crypto regulation in the United States has long complicated the lives of users and service providers, and now a judge has acknowledged the pain the judiciary also feels from its absence. Chief United States Bankruptcy Judge Martin Glenn, the judge who is leading the Celsius case, said the court will look abroad for guidance in the case. Glenn wrote in an Oct. 17 filing in the Celsius case: “Many, or pe[r]haps most, cases involving cryptocurrency may raise legal issues for which there are no controlling legal precedents in this Circuit or elsewhere in the United States or in other countries in which cases arise.” However, the court may consider the 529-page “Digital Assets: Consultation Paper” published by the Law Commission of England and Wales in the Celsius case in the future...
Facebook is on a quest to destroy the Metaverse and Web3
The future of how we socialize online is being defined as we speak, and it’s far too important to leave things to the likes of Meta and other mega social companies. Just a surface-level look at Meta’s history is enough to understand its tendency to severely miss the mark. Some companies like to use Web3 principles to right the wrongs of Web2. And as a poster child for large, centralized organizations, Meta offers us some of the most useful examples of those wrongs. Let’s touch on three times that Meta fell short of building the future of online social experiences. It limited Open Graph In 2010, Meta — still operating as Facebook at the time — released its “Open Graph” protocol, providing developers with a network of links between friends in order to encourage other people to take up ...
Mango Markets exploiter said actions were ‘legal,’ but was it?
The $117 million Mango Markets exploiter has defended that their actions were ‘legal,’ but a lawyer suggests that they could still face consequences. Self-described digital art dealer Avraham Eisenberg, outed himself as the exploiter in a series of tweets on Oct. 15 claiming he and a team undertook a “highly profitable trading strategy” and that it was “legal open market actions, using the protocol as designed.” I believe all of our actions were legal open market actions, using the protocol as designed, even if the development team did not fully anticipate all the consequences of setting parameters the way they are. — Avraham Eisenberg (@avi_eisen) October 15, 2022 The Oct. 11 exploit worked through Eisenberg and his team manipulating the value of their posted collateral — the platforms’ n...
Walmart CTO says crypto will become a ‘major’ payments disruptor
Walmart’s global chief technology officer (CTO) Suresh Kumar has tipped cryptocurrency to become a “major” area of disruption, particularly in how customers pay for virtual and physical goods in the future. Speaking at the Yahoo Finance All Markets Summit on Oct. 17, Kumar outlined Walmart’s positive stance on digital assets, noting that “crypto will become an important part of how customers transact” for both physical and virtual goods. “I think that there are three major areas of disruption. Crypto falls in sort of the middle of it,” he said, explaining that “the way in which customers are getting inspired and discovering products” is changing. Kumar also suggested that a significant amount of customers will be marketed to through the Metaverse and live streams on socia...
Congressional committees probe Mississippi’s water spending
The lawmakers also want to know whether the state’s plan for spending the roughly $75 million in water infrastructure funding from the bipartisan infrastructure law it is slated to receive this year will be revised. That plan currently does not send any funding to Jackson and caps “principal forgiveness” — that is, funding that is essentially a grant — at $500,000. Experts have estimated that repairing Jackson’s drinking water system could cost as much as $1 billion, and the cap greatly limits the city’s ability to use federal funds for the work. “We urge you to take action to protect the health and safety of Jackson residents and direct funding to Jackson immediately to fix this life and death issue,” Maloney and Thompson wrote. The context: The congressional inquiry comes as EPA is revie...
5 altcoins that could be ripe for a short-term rally if Bitcoin price holds $19K
The S&P 500 and the Nasdaq Composite fell to a new year-to-date low last week and closed the week with a loss of 1.55% and 3.11%, respectively. The scenario changed drastically on Oct. 17 after the earnings, season ramped up and a sharp policy reversal from U.K. Finance Minister Jeremy Hunt added detail to the government’s plan to fix his predecessor’s (Kwasi Kwarteng’s) fiscal package, which had triggered a record fall in the value of the GBP and a near liquidation of pension plans in the United Kingdom. At the time of writing, the Dow is up 1.78%, while the S&P 500 and Nasdaq present 2.57% and 3.26% respective gains. Meanwhile, Bitcoin (BTC) has managed to stay well above its year-to-date low showing short-term outperformance. Some analysts expect that Bit...
New allegations arise regarding Binance’s regulatory framework
On Oct. 17, a new report published by Reuters alleged that cryptocurrency exchange Binance “swerved scrutiny” from regulators in the United Kingdom and the United States. The main spearhead of the allegations arises from two supposed incidents in its operating history. First, Reuters wrote of Binance strategy executive Zoe Wei’s proposal to backdate a service agreement relating to various operations between Binance’s U.K. unit and Binance’s Cayman Islands holding company on March 11, 2020. The move allegedly allowed Binance to exempt itself from registration with the country’s Financial Conduct Authority for one year, as any firm operating before January 10, 2020, could do so before new regulations came into place. Second, Reuters reported that Harry Zhou, a Binance-affiliated entrep...
