Ippica

• Moxy.io recently announced the launch of its “esport for All” Beta Challenge, which offers a prize pool worth $100,000.
• The Beta Challenge is an arena where gamers compete in esports-style gaming for cash prizes, MOXY tokens and collectibles.
• The challenge aims to provide a highly competitive gameplay environment while leveraging blockchain to facilitate real-time transactions and protect players from fraud and hack attempts.

Moxy Unveils $100,000 Beta Challenge

Moxy.io recently unveiled their “esport for All” Beta Challenge with a prize pool worth $100,000. This challenge provides an opportunity for all gamers to participate in esports-style gaming for cash prizes, MOXY tokens and collectibles.

Participation & Prizes

The beta challenge involves participating players competing against each other to accumulate points in order to reach the top of the Moxy leaderboard. At the end of four seasons, the top-ranked player will receive 100,000 USDC as well as other prizes such as MOXY tokens and collectibles. The value of each collectible and prize will be revealed at the launch of the Moxy platform.

Competitive Environment

Moxy aims to provide a highly competitive gameplay environment by leveraging blockchain technology to facilitate real-time transactions. In addition, they are working on security protocols that protect players from bad actors, fraud and hack attempts on the platform.

Integrating Popular Games

The project allows developers to integrate popular games into its platform so that player can enjoy their favorite game while earning lucrative prizes at the same time. Integrating these games will also onboard new players onto their project before its official launch date giving them time to familiarize themselves with how it operates prior to competition season beginning..

Esports For Everyone

Overall, Moxy is committed towards providing opportunities within esport regardless of status or experience level allowing everyone an equal chance at becoming crowned champion while earning valuable rewards along the way!

• Shiba Inu (SHIB) has been going down and is 87.45% down from its all-time high in October 2021.
• The token is trying to validate a prior long-term descending resistance line as support.
• The company behind SHIB announced it would debut its Wagmi Temple in the coming SXSW festival.

Shiba Inu (SHIB) Price Down 87% From All-Time High

Shiba Inu (SHIB) has seen a sharp decline since reaching an all-time high in October 2021, with the price now down 87.45%. Over the past week, SHIB has decreased by 13.7%, and over the last 30 days, it has fallen 26.5%. The token is currently ranked 14th highest crypto network based on market cap.

Support Level at $0.0000100

The breakdown from its $0.0000122 support zone is a significant development in the token price. SHIB is attempting to validate a prior long-term descending resistance line as support, but if it does not hit this level, then the price could fall to the next support level at $0.0000100. However, there is potential for a retest of the $0.0000122 zone if there is enough rebound strength in the market for SHIB tokens to make up some ground against their losses over recent weeks and months of trading activity..

Wagmi Temple Coming Soon

The team behind SHIB announced that they will be debuting their Wagmi Temple at SXSW Festival this March 12 – 14 in Austin, Texas; WAGMI stands for We’re All Going To Make It which is popular phrase among Shiba Inu fans who believe strongly in their growth and success potential as a project within Crypto space as whole.. This health and wellness hub will be part of Shib Mataverse project where various tokens such as Leash, Shibu and Shibosis will play important roles moving forward with development plans centred around foundational resources for community building and great partnerships being formed across industry spectrum too; so no doubt SXSW could bring more positive sentiment to token prices here too!.

24 Hour Trading Volume Up 138%

In terms of day-to-day trading activity right now its 24 hour volume numbers have increased significantly by 138 % to total just under 370 million dollars; however when you look at market capitalisation those figures have only increased by 2% over same period indicating we may still be seeing further declines despite current levels; yet when you look back at what could possibly happen if real world utility was brought into equation then entire network’s value would climb to 5$ trillion which still seems reasonable even though compared with ATH peak figure would need 83000 % increase!.

Conclusion

In conclusion Shiba Inu (SHIB)has seen steady declines since reaching an all time high back in October 2021 with current prices standing below previous support levels making way for further drops if those can’t sustain themselves properly;yet on more optimistic side upcoming Wagmi Temple debuting at SXSW festival could help bring more confidence back into overall picture combined with increasing 24 hour volume numbers too!

• Conflux Network, a L1 blockchain developer, has secured $10 million from DWF Labs in a token sale.
• The investment will help the technology to advance and increase its user base.
• It is the first regulatory compliant permissionless blockchain in China and its Tree-graph consensus process enables it to attain 3,000 transactions per second with a confirmation time of 23 seconds while retaining high security.

Conflux Network Secures $10 Million From DWF Labs

Conflux Network, an L1 blockchain developer, has raised $10 million from DWF Labs in a token sale. Fan Long, the co-founder of Conflux and assistant professor of computer science at University of Toronto confirmed the investment which was completed “a few days ago”. The funding will help Conflux to develop its technology and increase its user base by linearly releasing CFX tokens over time from project’s team and foundation reserve purchased by DWF Labs.

Unique Features Of Conflux

Conflux network launched in 2020 and is designed by Andrew Chi-Chih Yao who is Chinese recipient of Turing Award and chief scientist of Conflux. It is also “the first regulatory compliant permissionless blockchain in China” as stated by Fan Long. Its Tree-graph consensus process enables it to attain 3,000 transactions per second with a confirmation time of 23 seconds while retaining high security which takes public chain technology to new heights of practical effectiveness. Moreover it has collaborations established with China Telecom (second largest wireless provider) and Little Red Book (China’s equivalent of Instagram). In 2021 Shanghai government provided grant worth more than $5 million for this project.

DWF Labs Investment

DWF Labs made strategic investment on Conflux which will aid them in developing their ecosystem enormously according to Fan Long. CFX tokens are linearly released over time from team and foundation reserve bought by DWF labs for this purpose only. This investment will help Conflux to advance its technology as well as increase user base because more than 300 platforms, brands, and intellectual property partners have recognized it so far apart from telecom companies mentioned earlier.

Conclusion

To conclude we can say that after receiving funds from DWF labs via token sale now Conflux network has bright future ahead due to advanced features like tree graph consensus process enabling fast transactions with low latency along with high security standards set by government making it unique among other blockchains available currently . Not only that but several collaborations already established along with grants provided for development makes it even more promising investment opportunity for anyone interested in this sector .

References

https://www.theblockcrypto.com/post/76475/conflux-network-dwf-labs

• Sam Bankman-Fried’s legal team is challenging a subpoena that was delivered to his mother and not him.
• The subpoena requires Bankman-Fried to produce documents related to the Voyager Digital case.
• His lawyers argue the summons is procedurally deficient and would violate his Fifth Amendment rights.

Sam Bankman-Fried’s Legal Team Challenges Subpoena

Sam Bankman-Fried’s legal counsel is opposing a subpoena requiring the former FTX boss to participate in a remote deposition. They have requested a federal judge to block the summon in question as it was deposited with Bankman-Fried’s mother, Barbara Fried, instead of being personally delivered to Sam himself.

Subpoena Requirements

The subpoena, defined under Rule 45 subpoena, commands Bankman-Fried to produce designated documents for inspection and copying concerning the case. Lawyers for Voyager’s creditors are investigating FTX’s attempt to bail out the crypto lender when it went bankrupt in July 2022.

Procedural Issues & Fifth Amendment Rights

Bankman-Fried’s lawyers are arguing that the subpoena is “procedurally deficient” due to caselaw which holds that Rule 45 subpoenas must be personally delivered to named individuals and not left with someone else. Additionally, they claim compliance with the summon would potentially violate Bankman-Fried’s Fifth Amendment rights as it requires him only one business day to produce 49 separate documents and a four day notice for appearance – undue burden according to them.

Multiple Lawsuits Involving Bankman-Fried

Bankman-Fried, once a crypto market icon, is involved in multiple lawsuits and this particular case involving FTX will likely garner much attention making this just one of many dramatic developments affecting him. Voyager’s lawyers have recently served subpoenas on other individuals related as well including former FTX CEO Alameda CEO Caroline Ellison, FTX cofounder Gary Wang, and FTX’s head of product Ramnic Arora requesting additional information regarding this matter.

Conclusion

In conclusion, Sam Bankman-Friend’s legal team has filed an objection against a summon issued by Voyager’s creditors claiming it violates his procedural rights as well as Fifth Amendment rights if complied with due its requirements being an undue burden on him.. He faces many other cases involving multiple parties thus making this just one of many incidents affecting him at present time

• DBS Bank is seeking regulatory approval from Hong Kong authorities to offer crypto services to its customers.
• The bank recorded a four-fold surge in demand for its bitcoin (BTC) trading service last year.
• Other traditional financial institutions such as Goldman Sachs, JP Morgan, and BNY Mellon have also entered the Web3 ecosystem.

DBS Bank Seeks Regulatory Approval for Crypto Services

DBS Bank has revealed that it is pursuing regulatory approval from the Hong Kong Monetary Authority (HKMA) to provide crypto services to customers in Hong Kong. This comes after the bank recorded a massive four-fold surge in demand for its bitcoin (BTC) trading service last year.

Surge in Demand for BTC Trading

The Singapore based lender’s brokerage arm DBS Vickers was granted a license by the Monetary Authority of Singapore (MAS) in 2021 to offer crypto asset services within Singapore. Despite 2021’s bear market conditions, which have continued into this year, DBS Bank said it witnessed an increase in crypto trading volume on its platform over the past year. As a result, DBS expanded their offering last September to include established altcoins such as ether (ETH), XRP and other altcoins on its DDEX exchange, allowing wealth clients to trade these assets directly from their bank accounts.

Regulatory Developments

The global Web3 ecosystem continues to grapple with regulatory uncertainty; however, cryptocurrency adoption by traditional financial institutions across various jurisdictions keeps increasing. Major lenders such as Goldman Sachs, JP Morgan, BNY Mellon and HSBC have all signaled plans to enter the crypto market.

Hong Kong’s Liberal Stance Towards Blockchain-Based Assets

Taking advantage of Hong Kong’s newfound liberal stance towards blockchain-based digital assets, DBS Bank hopes that securing a regulatory license from the HKMA will enable them to provide their Hong Kong customers with direct access to crypto products through their bank accounts.

Conclusion

Although there are still some dark clouds hovering over Web3 industry regulations globally, it is clear that more traditional financial institutions are entering the space and customers are increasingly interested in gaining access digital currency investments through banks like DBS Bank

• Bitvavo has announced that it expects to receive at least 80% of the debt owed by Digital Currency Group (DCG).
• The two parties have come to an agreement with a recovery rate of between 80-100%.
• DCG will publish details about the in-principle agreement between today and tomorrow.

Bitvavo Announces Expectation of Receiving 80% Debt from DCG

Bitvavo recently released a statement announcing that they expect to receive at least 80% of the debt owed to them by Digital Currency Group (DCG). This debt amounts to around $300 million (280 million euros). Bitvavo rejected an earlier 70% payment offer made by DCG, highlighting that they could still make a full payment. The new agreement, with a recovery rate of 80-100%, was agreed upon between both parties and includes cash, digital currency, and convertible preferred equity notes in DCG.

Details of Agreement Published Soon

The details of this agreement are expected to be published by DCG today or tomorrow. Following this publication, the two will need to work out the details and submit a Plan Support Agreement (PSA) for approval from the Unsecured Creditor Committee. Once approved, it will be presented for ratification in bankruptcy court which will then start the execution process for repayment.

Genesis Makes In-Principle Restructuring Deal

This deal follows after Genesis, a subsidiary of DCG, made an in-principle deal on restructuring with Gemini exchange and other creditors. In this deal, Genesis should be sold or its equity turned over to creditors. This comes as many crypto networks suffered from losses last year due to deaths such as Celsius, Terra, and more.

Payment Due Date Set For February 7 2023

The settlement is scheduled for February 7th 2023 according to reports from Bitvavo’s incoming statement. They believe that all terms necessary for completing this settlement have been agreed upon and are now ready for implementation following approval from all relevant parties involved.

Conclusion

Bitvavo is optimistic that they will receive their debt settlement from Digital Currency Group sometime in the future based on recent developments regarding an in-principle deal established between both parties with an expected recovery rate ranging from 80 – 100%. Details about this agreement are currently being released while further steps are taken towards completion including working out details and receiving approval before presenting it before court for ratification which will open up space for repayment execution process .

• Tribes Group web3 wallet raises $3.3m in funding.
• The newly-launched web3 native social wallet aims to make “these powerful and newly-possible web3 actions understandable and accessible to the masses.”
• Crypto wallets are focusing on developing social wallets to support creators and ease the transfer of crypto and tokens.

Tribes Group, a web3 native social wallet, recently announced that it has successfully closed a pre-seed funding round, in which it raised $3.3 million. This funding round was led by Kindred Ventures, Script Capital, and South Park Commons.

Tribes Group wallet is designed to make “these powerful and newly-possible web3 actions understandable and accessible to the masses.” Web3 technology has been growing and gaining more attention, but many users are still unfamiliar with the existing products and processes required to use it. The Tribes Group wallet seeks to bridge that gap by allowing users to co-own and manage digital assets, as well as communicate directly through the wallet.

The crypto wallet space has been evolving, with a 6% rise in usage in 2022, reaching 85 million users. In addition to the new wallets that have been developed, many companies are focusing on creating social wallets that support creators and make it easier to transfer crypto and tokens. Easy Company recently raised $14.2 million for a new crypto wallet.

Tribes Group wallet hopes to bring even more users into the web3 space, and make the powerful web3 actions accessible to the masses. The company aims to create a safe and easy-to-use platform for users to manage their digital assets and collaborate with others. With the newly-raised funds, Tribes Group is well-positioned to make an impact in the crypto wallet space.

• The notorious North Korean hacker group Lazarus Group is suspected of attacking Harmony Bridge, stealing over $100 million.
• In June 2022, the group made transactions through Railgun to provide increased anonymity and privacy.
• The hackers have withdrawn at least $26.4 million from Huobi and other exchanges.

On June 23, 2022, the blockchain-based payment network Harmony Bridge experienced a devastating attack that saw them lose approximately $100 million in funds. Following further investigations, the notorious North Korean hacker organization Lazarus Group is now suspected of being responsible for the hack.

The Lazarus Group is known for its involvement in multiple network breaches over the years, resulting in total losses of more than $2 billion. It was in June 2022, when the hackers’ name first appeared in connection with the attack on Harmony Bridge. On January 13, the group completed a transfer of 41,000 ETH, worth around $63.5 million. Before this, the hackers also made transactions on Tornado Cash, a privacy-focused cryptocurrency platform, before it was banned.

This time, the transfers were made through Railgun, another cryptocurrency platform specializing in providing privacy and anonymity. Recent updates suggest that the hackers have created various transactions and transferred funds to exchanges such as Binance, Huobi and OKX. The funds were quickly changed to Bitcoin and withdrawn from the exchanges upon transfer.

Reflecting on the attack, a tweet by ZachXBT showed transfers on January 13, involving 350,000 separate wallet addresses. On January 18th, he further commented that the hackers had withdrawn at least $26.4 million from Huobi and other exchanges.

The extent of the attack is still unknown, but it is clear that the hackers have been very successful in their mission to steal funds from Harmony Bridge. The North Korean hacker organization Lazarus Group is likely to blame for the breach. The group has proven time and time again that they are a force to be reckoned with and have the capability to launch devastating attacks on cryptocurrency networks. It is essential that cryptocurrency networks remain vigilant and continue to increase their security measures in order to protect their users and funds.