Judge John Dorsey has delayed his decision on whether to appoint an independent examiner in the FTX case. At the latest hearing, Dorsey acknowledged that the cost to debtors could reach tens of millions of dollars. Currently, the bankruptcy judge is hopeful that the issue will be resolved through a mutually agreed upon solution between both parties. A representative for the U.S. Department of Justice’s Trustee contended, however, that the appointment of an independent examiner was mandated by Congress and no longer within Dorsey’s authority.
Three days ago, Bitcoin.com News reported on the U.S. Trustee in the FTX bankruptcy case and the government’s request to appoint an independent examiner. At the latest hearing, FTX’s lawyers from Sullivan & Cromwell argued that the endeavor could be costly.
John J. Ray III, FTX’s new CEO, estimated that expenses could reach between $90 million and $100 million. James Bromley of Sullivan & Cromwell said, “It’s just going to result in duplicated effort and a significant amount of expense. We don’t have enough money to pay back all of our creditors.”
Bromley maintained that there is “no evidence” that any outside professionals would be more impartial than FTX’s current experts. FTX debtors have a number of experts working on the case including the cybersecurity firm Sygnia. FTX’s executives and legal teams are collaborating with criminal investigators and top government regulators.
Ray, FTX’s new CEO, earned roughly $690,000 for his work last year and continued to work during Christmas and the holiday season. Juliet Sarkessian, representing the U.S. Trustee, characterized the FTX situation as a “dumpster fire” and emphasized that the appointment of an examiner was mandated by Congress in these circumstances.
Sarkessian’s comments align with the letter sent to the court by senators Cynthia Lummis (R-WY), Thom Tillis (R-NC), Elizabeth Warren (D-MA), and John Hickenlooper (D-CO). The senators urged the court to appoint an independent examiner, emphasizing that numerous questions “remain unanswered.” Sarkessian believes that an examiner may uncover information that would not be discovered otherwise and could reveal any wrongdoing by specific FTX employees.
During his testimony, FTX CEO Ray described the bankruptcy as “pure hell” when he listed his expenses from 2022. He also noted that FTX was unlike anything he had ever encountered and that former FTX executives did not maintain “a single list of anything.”
What are your thoughts on the ongoing FTX bankruptcy case and the potential appointment of an independent examiner? Share your insights in the comments section below.
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year
The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.
Judge John Dorsey has delayed his decision on whether to appoint an independent examiner in the FTX case. At the latest hearing, Dorsey acknowledged that the cost to debtors could reach tens of millions of dollars. Currently, the bankruptcy judge is hopeful that the issue will be resolved through a mutually agreed upon solution between both parties. A representative for the U.S. Department of Justice’s Trustee contended, however, that the appointment of an independent examiner was mandated by Congress and no longer within Dorsey’s authority.
Three days ago, Bitcoin.com News reported on the U.S. Trustee in the FTX bankruptcy case and the government’s request to appoint an independent examiner. At the latest hearing, FTX’s lawyers from Sullivan & Cromwell argued that the endeavor could be costly.
John J. Ray III, FTX’s new CEO, estimated that expenses could reach between $90 million and $100 million. James Bromley of Sullivan & Cromwell said, “It’s just going to result in duplicated effort and a significant amount of expense. We don’t have enough money to pay back all of our creditors.”
Bromley maintained that there is “no evidence” that any outside professionals would be more impartial than FTX’s current experts. FTX debtors have a number of experts working on the case including the cybersecurity firm Sygnia. FTX’s executives and legal teams are collaborating with criminal investigators and top government regulators.
Ray, FTX’s new CEO, earned roughly $690,000 for his work last year and continued to work during Christmas and the holiday season. Juliet Sarkessian, representing the U.S. Trustee, characterized the FTX situation as a “dumpster fire” and emphasized that the appointment of an examiner was mandated by Congress in these circumstances.
Sarkessian’s comments align with the letter sent to the court by senators Cynthia Lummis (R-WY), Thom Tillis (R-NC), Elizabeth Warren (D-MA), and John Hickenlooper (D-CO). The senators urged the court to appoint an independent examiner, emphasizing that numerous questions “remain unanswered.” Sarkessian believes that an examiner may uncover information that would not be discovered otherwise and could reveal any wrongdoing by specific FTX employees.
During his testimony, FTX CEO Ray described the bankruptcy as “pure hell” when he listed his expenses from 2022. He also noted that FTX was unlike anything he had ever encountered and that former FTX executives did not maintain “a single list of anything.”
What are your thoughts on the ongoing FTX bankruptcy case and the potential appointment of an independent examiner? Share your insights in the comments section below.
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year
The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.
The graph token surged by over 35% so far on Tuesday, as markets continued to be buoyed by the growth of its ecosystem. Since allowing integrations to new blockchains, prices of the indexing protocol’s native token have jumped by over 200% from 2022 lows. Litecoin was also higher today, breaking a three-day losing streak.
Tuesday saw the graph (GRT) extend its recent bull run, climbing by over 35% in today’s session.
GRT/USD rose to an intraday peak of $0.1848 earlier today, a day after prices hit a low of $0.1278.
As a result of this move, GRT/USD jumped to its strongest point since May 17, last year.
Overall and as of writing, GRT is up by approximately 100.63% in the last seven days, and this comes after bouncing from a support at $0.090.
These gains have resulted in the 14-day relative strength index (RSI) moving deep into overbought territory, with a current reading of 87.03.
Bulls have already moved to secure profits, which has led to GRT falling from its earlier high.
Litecoin (LTC), on the other hand, snapped a three-day losing streak, moving back towards recent highs.
Following a low of $95.57 on Monday, LTC/USD jumped back above $100.00 on Tuesday, hitting a high of $100.13 in the process.
Today’s rebound in price sees litecoin edge towards a resistance level at $101.75, and closer to last Wednesday’s peak of $102.65.
Similar to GRT, this point was the highest point LTC had hit since May, when the token traded above $106.00.
A big part of this is due to the 14-day RSI, which is nearing a ceiling at 66.00, with a current reading of 64.53.
Should price strength reach this point, LTC bulls could abandon previous positions, and instead capture the day’s gains.
Register your email here to get weekly price analysis updates sent to your inbox:
Will the graph and litecoin continue this momentum into Wednesday’s session? Let us know your thoughts in the comments.
Eliman brings an eclectic point of view to market analysis. He was previously a brokerage director and online trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.
Image Credits: Shutterstock, Pixabay, Wiki Commons, photo_gonzo / Shutterstock.com
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Fidelity Investments Launches Crypto, Metaverse ETFs — Says 'We Continue to See Demand'
Fidelity Investments, one of the largest financial services firms with more than $11 trillion under administration, is launching exchange-traded funds (ETFs) focusing on the crypto ecosystem and the metaverse. "We continue to see demand, particularly from young investors, for access ... read more.
The graph token surged by over 35% so far on Tuesday, as markets continued to be buoyed by the growth of its ecosystem. Since allowing integrations to new blockchains, prices of the indexing protocol’s native token have jumped by over 200% from 2022 lows. Litecoin was also higher today, breaking a three-day losing streak.
Tuesday saw the graph (GRT) extend its recent bull run, climbing by over 35% in today’s session.
GRT/USD rose to an intraday peak of $0.1848 earlier today, a day after prices hit a low of $0.1278.
As a result of this move, GRT/USD jumped to its strongest point since May 17, last year.
Overall and as of writing, GRT is up by approximately 100.63% in the last seven days, and this comes after bouncing from a support at $0.090.
These gains have resulted in the 14-day relative strength index (RSI) moving deep into overbought territory, with a current reading of 87.03.
Bulls have already moved to secure profits, which has led to GRT falling from its earlier high.
Litecoin (LTC), on the other hand, snapped a three-day losing streak, moving back towards recent highs.
Following a low of $95.57 on Monday, LTC/USD jumped back above $100.00 on Tuesday, hitting a high of $100.13 in the process.
Today’s rebound in price sees litecoin edge towards a resistance level at $101.75, and closer to last Wednesday’s peak of $102.65.
Similar to GRT, this point was the highest point LTC had hit since May, when the token traded above $106.00.
A big part of this is due to the 14-day RSI, which is nearing a ceiling at 66.00, with a current reading of 64.53.
Should price strength reach this point, LTC bulls could abandon previous positions, and instead capture the day’s gains.
Register your email here to get weekly price analysis updates sent to your inbox:
Will the graph and litecoin continue this momentum into Wednesday’s session? Let us know your thoughts in the comments.
Eliman brings an eclectic point of view to market analysis. He was previously a brokerage director and online trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.
Image Credits: Shutterstock, Pixabay, Wiki Commons, photo_gonzo / Shutterstock.com
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Fidelity Investments Launches Crypto, Metaverse ETFs — Says 'We Continue to See Demand'
Fidelity Investments, one of the largest financial services firms with more than $11 trillion under administration, is launching exchange-traded funds (ETFs) focusing on the crypto ecosystem and the metaverse. "We continue to see demand, particularly from young investors, for access ... read more.
PRESS RELEASE. INTERNET CITY, DUBAI, Feb. 7, 2023 – LBank Exchange, a global digital asset trading platform, will list Fief (FIEF) on February 8, 2023. For all users of LBank Exchange, the FIEF/USDT trading pair will be officially available for trading at 6:00 UTC on February 8, 2023.
Fief Protocol is the decentralized application layer above the Fiefverse, an open-world voxel RPG. Its native token FIEF will be listed on LBank Exchange at 6:00 UTC on February 8, 2023, to further expand its global reach and help it achieve its vision.
Introducing Fief Protocol
Fief Protocol features a suite of decentralized applications (dapps) that are specifically tailored for NFT gaming and the metaverse.
With a focus on user experience, the dapps of Fief Protocol allow players to seamlessly trade or earn rewards with the in-game assets that exist in their wallets. These dapps work either to reward players of Fief’s own metaverse or incentivize players from external projects to adopt Fief as their primary trading platform.
Unique to Fief Protocol are Influence Points (IP), a non-transferrable and off-chain currency that draws inspiration from in-game currencies found across popular web2 game titles. With IP, Fief Protocol is able to add an additional gating and reward mechanism into their dapps that allows the platform to attract users and liquidity while maintaining sustainable alignment with the Fief economy.
Fief Protocol is built on top of the Fiefverse, an open-world voxel RPG that lets players take control of a unique Avatar to explore, battle, craft, and more. The Fiefverse acts as a constant and growing sink for IP, further supporting its utility within the Fief Protocol dapp layer.
While the main Fiefverse game title is in development, the team is planning to release a series of mini-games, starting with a Wave Defense title in Q1 2023. These mini-games are free-to-play and reward players with IP in addition to other in-game items.
Fief Protocol currently features its FIEF Staking dapp and the Fief Shop, which allows users to purchase Fiefverse items with IP. In the coming weeks, Fief Protocol will be launching Fief Chat, a forum and live messaging app built on top of Influence Points and Avatars, and Loot Farms, an IP-gated staking dapp that features numerous reward types.
About FIEF Token
FIEF is the official utility token of Fief Protocol. FIEF can be staked to unlock voting rights and earn DeFi & game rewards.
The primary use case of FIEF is the perpetual production of IP when staked. Currently, each staked FIEF produces 0.03 IP per day. Stakers of FIEF enjoy a constant stream of in-game currency rewards that they can spend freely. In time, staked FIEF will earn voting rights to dictate the distribution of ETH fees generated via dapps on Fief Protocol to Loot Farms.
This system aligns the demand to buy and stake FIEF with the desire of third-party metaverse projects to drive ETH rewards to their in-game assets, including fungible in-game currencies and NFTs.
FIEF has a total supply of 500 million (i.e., 500,000,000) with a current circulating supply of 128,180,693. More information on the supply and distribution of FIEF can be found in the project’s official documentation.
FIEF token will be listed on LBank Exchange at 6:00 UTC on February 8, 2023, investors who are interested in the Fief investment can easily buy and sell it on LBank Exchange by then. The listing of FIEF token on LBank Exchange will undoubtedly help it further expand its business and draw more attention in the market.
Learn More about FIEF Token:
Official Website: https://www.fief.gg
Twitter: https://twitter.com/FiefProtocol
Medium: https://medium.com/fief
About LBank
LBank is one of the top crypto exchanges, established in 2015. It offers specialized financial derivatives, expert asset management services, and safe crypto trading to its users. The platform holds over 7 million users from more than 210 regions across the world. LBank is a cutting-edge growing platform that ensures the integrity of users’ funds and aims to contribute the global adoption of cryptocurrencies.
Start Trading Now: lbank.com
Community & Social Media:
l Telegram
l Twitter
l Facebook
l LinkedIn
l Instagram
l YouTube
Contact Details:
LBK Blockchain Co. Limited
LBank Exchange
marketing@lbank.info
business@lbank.info
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Today's Top Ethereum and Bitcoin Mining Devices Continue to Rake in Profits
As the crypto economy hovers just under $2 trillion in value, application-specific integrated circuit (ASIC) mining devices are making decent profits. While ASIC miners can still mine ethereum, a 1.5 gigahash (GH/s) Ethash mining device can rake in $51.58 per ... read more.
PRESS RELEASE. INTERNET CITY, DUBAI, Feb. 7, 2023 – LBank Exchange, a global digital asset trading platform, will list Fief (FIEF) on February 8, 2023. For all users of LBank Exchange, the FIEF/USDT trading pair will be officially available for trading at 6:00 UTC on February 8, 2023.
Fief Protocol is the decentralized application layer above the Fiefverse, an open-world voxel RPG. Its native token FIEF will be listed on LBank Exchange at 6:00 UTC on February 8, 2023, to further expand its global reach and help it achieve its vision.
Introducing Fief Protocol
Fief Protocol features a suite of decentralized applications (dapps) that are specifically tailored for NFT gaming and the metaverse.
With a focus on user experience, the dapps of Fief Protocol allow players to seamlessly trade or earn rewards with the in-game assets that exist in their wallets. These dapps work either to reward players of Fief’s own metaverse or incentivize players from external projects to adopt Fief as their primary trading platform.
Unique to Fief Protocol are Influence Points (IP), a non-transferrable and off-chain currency that draws inspiration from in-game currencies found across popular web2 game titles. With IP, Fief Protocol is able to add an additional gating and reward mechanism into their dapps that allows the platform to attract users and liquidity while maintaining sustainable alignment with the Fief economy.
Fief Protocol is built on top of the Fiefverse, an open-world voxel RPG that lets players take control of a unique Avatar to explore, battle, craft, and more. The Fiefverse acts as a constant and growing sink for IP, further supporting its utility within the Fief Protocol dapp layer.
While the main Fiefverse game title is in development, the team is planning to release a series of mini-games, starting with a Wave Defense title in Q1 2023. These mini-games are free-to-play and reward players with IP in addition to other in-game items.
Fief Protocol currently features its FIEF Staking dapp and the Fief Shop, which allows users to purchase Fiefverse items with IP. In the coming weeks, Fief Protocol will be launching Fief Chat, a forum and live messaging app built on top of Influence Points and Avatars, and Loot Farms, an IP-gated staking dapp that features numerous reward types.
About FIEF Token
FIEF is the official utility token of Fief Protocol. FIEF can be staked to unlock voting rights and earn DeFi & game rewards.
The primary use case of FIEF is the perpetual production of IP when staked. Currently, each staked FIEF produces 0.03 IP per day. Stakers of FIEF enjoy a constant stream of in-game currency rewards that they can spend freely. In time, staked FIEF will earn voting rights to dictate the distribution of ETH fees generated via dapps on Fief Protocol to Loot Farms.
This system aligns the demand to buy and stake FIEF with the desire of third-party metaverse projects to drive ETH rewards to their in-game assets, including fungible in-game currencies and NFTs.
FIEF has a total supply of 500 million (i.e., 500,000,000) with a current circulating supply of 128,180,693. More information on the supply and distribution of FIEF can be found in the project’s official documentation.
FIEF token will be listed on LBank Exchange at 6:00 UTC on February 8, 2023, investors who are interested in the Fief investment can easily buy and sell it on LBank Exchange by then. The listing of FIEF token on LBank Exchange will undoubtedly help it further expand its business and draw more attention in the market.
Learn More about FIEF Token:
Official Website: https://www.fief.gg
Twitter: https://twitter.com/FiefProtocol
Medium: https://medium.com/fief
About LBank
LBank is one of the top crypto exchanges, established in 2015. It offers specialized financial derivatives, expert asset management services, and safe crypto trading to its users. The platform holds over 7 million users from more than 210 regions across the world. LBank is a cutting-edge growing platform that ensures the integrity of users’ funds and aims to contribute the global adoption of cryptocurrencies.
Start Trading Now: lbank.com
Community & Social Media:
l Telegram
l Twitter
l Facebook
l LinkedIn
l Instagram
l YouTube
Contact Details:
LBK Blockchain Co. Limited
LBank Exchange
marketing@lbank.info
business@lbank.info
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Today's Top Ethereum and Bitcoin Mining Devices Continue to Rake in Profits
As the crypto economy hovers just under $2 trillion in value, application-specific integrated circuit (ASIC) mining devices are making decent profits. While ASIC miners can still mine ethereum, a 1.5 gigahash (GH/s) Ethash mining device can rake in $51.58 per ... read more.
PRESS RELEASE. Schaan, Liechtenstein, 7 February 2023 – EtherMail, the first Web3 Email Solution setting the standard for anonymous and encrypted wallet-to-wallet communication, has today announced its integration with Unstoppable Domains, the leading provider of Web3 domains with more than 3 million registered domains.
This integration represents the latest step in EtherMail’s mission to reimagine email for the Web3 space. Up until now, valid EtherMail addresses have taken the form of 0x….@ethermail.io, in which a user’s wallet address serves as the prefix for the EtherMail domain. Following today’s announcement, valid EtherMail addresses can be personalised using an Unstoppable domain, such as user.crypto@ethermail.io.
This integration makes it easier than ever before for anyone with an Unstoppable Domains address to sign up for Web3 newsletters. Instead of needing to know their complete wallet address by heart, they can simply use their Web3 domain powered by Unstoppable. Users are encouraged to claim their Unstoppable domain now to secure their custom digital identity for Web3.
As part of the integration, EtherMail will airdrop 10 million EMC tokens in a raffle to EtherMail users with an active Unstoppable Domains account.
Since closing a $3 million seed round in August 2022, EtherMail has rapidly developed a best-in-class framework for Web3 email communication, establishing partnerships with renowned NFT projects such as Probably Nothing, Toxic Skulls Club, inBetweeners and Prime Planet. This has enabled these projects to segment their asset holders based on the number of tokens held, the rarity traits of an NFT held, the specific type of NFT held, and more. By leveraging EtherMail’s proprietary Web3 email solution, these partners can tailor communication to their NFT holders accordingly and send custom rewards for contributing to the respective communities.
Founded in 2018, Unstoppable Domains offers Web3 domains that give people full ownership and control of their digital identity. The company has registered more than 3 million domains, which people can use to log into more than 650 Web3 applications, replace lengthy crypto wallet addresses, create decentralized websites, and build their Web3 identity. Unstoppable Domains has nearly 800 partnerships with leading Web3 companies like Polygon, Blockchain.com, MoonPay and more.
Shant Kevonian, CEO and Founder of EtherMail said: “As true innovators in the field of decentralized identity, Unstoppable Domains has underlined their credentials at the apex of the Web3 landscape, with over 3 million registered domains. This integration extends the reach of our Web3 email solution to these domain users, as we continue to set the standard for anonymous and encrypted wallet-to-wallet communication. Allowing users to generate personalized wallet addresses is a key step to break down barriers between Web2 and Web3, and we’re delighted to work alongside Unstoppable Domains in this mission.”
Sandy Carter, SVP and Channel Chief of Unstoppable Domains said: “Lengthy and impossible-to-remember wallet addresses are an obvious deterrent when it comes to enticing Web2 users to join Web3. Unstoppable Domains and EtherMail are firmly aligned on bridging this gap by creating a streamlined, user-friendly experience for people to start their Web3 journey. We look forward to expanding our partnership scope with EtherMail in the months ahead.”
Join the official EtherMail Telegram channel here: https://t.me/ethermail_official and follow the latest developments on twitter: https://twitter.com/ethermail_io
For more information on how EtherMail can help your project maintain a direct and secure line of communication with your asset holders, visit: https://ethermail.io/daos
-ENDS-
About EtherMail
EtherMail is the first Web 3.0 Email Solution setting the standard for anonymous and encrypted wallet-to-wallet communication. With EtherMail, companies can send rich, relevant content directly to their asset holders based on blockchain-synced real time information. EtherMail also allows fully anonymous P2P communication and rewards its users for reading relevant content in their inbox.
About Unstoppable Domains
Founded in 2018, Unstoppable Domains is building a digital identity platform for Web3. Unstoppable Domains offers Web3 domains minted on the blockchain that give people full ownership and control of their digital identity, with no renewal fees. With Unstoppable Domains, people can replace lengthy alphanumeric crypto wallet addresses with a human-readable name and log into and transact with apps, wallets, exchanges and marketplaces. The company was named by Forbes as one of America’s Best Startup Employers in 2022.
Media contact
lorcan@forewordventure.com or press@ethersuite.io
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year
The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.
PRESS RELEASE. Schaan, Liechtenstein, 7 February 2023 – EtherMail, the first Web3 Email Solution setting the standard for anonymous and encrypted wallet-to-wallet communication, has today announced its integration with Unstoppable Domains, the leading provider of Web3 domains with more than 3 million registered domains.
This integration represents the latest step in EtherMail’s mission to reimagine email for the Web3 space. Up until now, valid EtherMail addresses have taken the form of 0x….@ethermail.io, in which a user’s wallet address serves as the prefix for the EtherMail domain. Following today’s announcement, valid EtherMail addresses can be personalised using an Unstoppable domain, such as user.crypto@ethermail.io.
This integration makes it easier than ever before for anyone with an Unstoppable Domains address to sign up for Web3 newsletters. Instead of needing to know their complete wallet address by heart, they can simply use their Web3 domain powered by Unstoppable. Users are encouraged to claim their Unstoppable domain now to secure their custom digital identity for Web3.
As part of the integration, EtherMail will airdrop 10 million EMC tokens in a raffle to EtherMail users with an active Unstoppable Domains account.
Since closing a $3 million seed round in August 2022, EtherMail has rapidly developed a best-in-class framework for Web3 email communication, establishing partnerships with renowned NFT projects such as Probably Nothing, Toxic Skulls Club, inBetweeners and Prime Planet. This has enabled these projects to segment their asset holders based on the number of tokens held, the rarity traits of an NFT held, the specific type of NFT held, and more. By leveraging EtherMail’s proprietary Web3 email solution, these partners can tailor communication to their NFT holders accordingly and send custom rewards for contributing to the respective communities.
Founded in 2018, Unstoppable Domains offers Web3 domains that give people full ownership and control of their digital identity. The company has registered more than 3 million domains, which people can use to log into more than 650 Web3 applications, replace lengthy crypto wallet addresses, create decentralized websites, and build their Web3 identity. Unstoppable Domains has nearly 800 partnerships with leading Web3 companies like Polygon, Blockchain.com, MoonPay and more.
Shant Kevonian, CEO and Founder of EtherMail said: “As true innovators in the field of decentralized identity, Unstoppable Domains has underlined their credentials at the apex of the Web3 landscape, with over 3 million registered domains. This integration extends the reach of our Web3 email solution to these domain users, as we continue to set the standard for anonymous and encrypted wallet-to-wallet communication. Allowing users to generate personalized wallet addresses is a key step to break down barriers between Web2 and Web3, and we’re delighted to work alongside Unstoppable Domains in this mission.”
Sandy Carter, SVP and Channel Chief of Unstoppable Domains said: “Lengthy and impossible-to-remember wallet addresses are an obvious deterrent when it comes to enticing Web2 users to join Web3. Unstoppable Domains and EtherMail are firmly aligned on bridging this gap by creating a streamlined, user-friendly experience for people to start their Web3 journey. We look forward to expanding our partnership scope with EtherMail in the months ahead.”
Join the official EtherMail Telegram channel here: https://t.me/ethermail_official and follow the latest developments on twitter: https://twitter.com/ethermail_io
For more information on how EtherMail can help your project maintain a direct and secure line of communication with your asset holders, visit: https://ethermail.io/daos
-ENDS-
About EtherMail
EtherMail is the first Web 3.0 Email Solution setting the standard for anonymous and encrypted wallet-to-wallet communication. With EtherMail, companies can send rich, relevant content directly to their asset holders based on blockchain-synced real time information. EtherMail also allows fully anonymous P2P communication and rewards its users for reading relevant content in their inbox.
About Unstoppable Domains
Founded in 2018, Unstoppable Domains is building a digital identity platform for Web3. Unstoppable Domains offers Web3 domains minted on the blockchain that give people full ownership and control of their digital identity, with no renewal fees. With Unstoppable Domains, people can replace lengthy alphanumeric crypto wallet addresses with a human-readable name and log into and transact with apps, wallets, exchanges and marketplaces. The company was named by Forbes as one of America’s Best Startup Employers in 2022.
Media contact
lorcan@forewordventure.com or press@ethersuite.io
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Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year
The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.
PRESS RELEASE. As the popularity of cryptocurrency continues to rise, more and more individuals are entering the market. However, a common issue faced by many newcomers is the lack of education and understanding of the space. On top of that, the use of centralized exchanges to buy, sell, and store cryptocurrencies raises concerns regarding the safety and security of these assets. With these challenges in mind, it is imperative for the industry to address the education gap and provide solutions for safe and secure trading.
This is where we, CryptoUnity, a revolutionary platform transforming the world of beginner crypto traders, step in. Our goal is to make cryptocurrency accessible and less intimidating for new traders through unique and innovative methods. Unlike other exchanges, we do not hold our users’ assets, eliminating the need for trust in the CEX.
Our platform is user-friendly and designed to simplify the process of entering the world of crypto. We offer comprehensive educational resources and a 24/7 support team to help beginners confidently navigate the world of cryptocurrencies. We prioritize safety and have implemented a cold wallet with an NFC card for secure fund storage.
We have already seen great success, with presales selling out and two successful audits from QuillAudits and CertiK. With CertiK we also completed a KYC Audit, where we acquired the gold KYC badge, demonstrating the highest level of transparency and accountability. We have also made an impact at major industry events like the TMRW conference in Belgrade, the ENEFTI NFT conference in Ljubljana, and the Blockchain Expo in Amsterdam and London.
The CryptoUnity Token (CUT) is a utility token that provides benefits and utilities on the platform, such as lower fees, education access, and rewards like holder rewards, airdrops, and giveaway advantages. We were deployed on the Binance Smart Chain in December 2022, with a total supply of 1 billion tokens divided between liquidity and ecosystem, private sale, project, presale Slovenia, team, presale Balkan, and worldwide presale. Token locking and vesting are applied to the CUT token.
We are committed to the safety of our users’ funds, which is why we have implemented a cold wallet feature in the form of an NFC card. With a beginner-friendly interface and top-level security, we are becoming the go-to destination for anyone looking to enter the world of cryptocurrency.
If you believe that we are creating something that is very much needed and you would want to be a part of this story, you can still secure your spot on our whitelist for our worldwide presale, which is opening on the 18th of February. You can read more about our project on our website, where you can also find our detailed whitepaper.
Join us on the path of simplifying and securing crypto today!
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
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Tony Hawk's Latest NFTs to Come With Signed Physical Skateboards
Last December, the renowned professional skateboarder Tony Hawk released his “Last Trick” non-fungible token (NFT) collection via the NFT marketplace Autograph. Next week, Hawk will be auctioning the skateboards he used during his last tricks, and each of the NFTs ... read more.
Source From : News