Visa Tests New System for Paying Ethereum Gas Fees via Credit Card Payments giant Visa is testing out a new system that would allow for the payment of Ethereum (ETH) gas fees with a credit or debit card. In a new post on Visa’s website, the firm’s researchers say that one of the biggest problems with utilizing the Ethereum network for payments is the need to settle network fees every time a transaction is executed.

Lawyers For Terra Co-Founder Daniel Shin Ask For More Time In Preliminary Hearing Summary: Co-Founder of Terraform Labs Daniel Shin needs more time to mount his defense, lawyers told a Seoul Court on Monday.Shin’s April indictment alleges that the former Terra exec and seven other former company employees broke South Korea’s Capital Markets Act.South Korean investigators are also looking to prosecute founder Do Kwon who is in a Montenegrin jail cell for forging travel papers.The first hearing for a case against Terraform co-founder Daniel Shin held on Monday following the company’s astronomical crash last year that deleted over $40 million from investor’s pockets. According to South Korean media outlet News 1, the Seoul Southern District Court preliminary hearing addressed charges brought against Shin and seven other former Terra employees. Although Shin did not personally appear in court, his lawyers requested more time to mount a defense as the case is highly technical. The court set a date of August 28 for a second hearing.

Dogecoin Rival Shiba Inu Releases Trailer for Upcoming Rocket Pond Metaverse Popular dog-themed meme asset and Dogecoin (DOGE) rival Shiba Inu (SHIB) is releasing a trailer for its much anticipated Rocket Pond metaverse. In a new announcement, the development team behind the memecoin has released a one-minute trailer showcasing Rocket Pond, the ecosystem’s upcoming land-based metaverse.

‌Fuck memecoins, says PSYCHO. Yep, you heard that right. Here's why it got our attention: • Provocative? Absolutely, PSYCHO ain't afraid to challenge the status quo. • Strong community? 100%. Bunch of defiant spirits rallying behind the coin. Our kind of crowd. Launched? May 29th • Results so far? 750 holders, $3.5m market cap. • CEX listing? First listing on MEXC today at 12pm UTC. • Next CEXs? They are in contact with Bybit, Huobi, OKX • Tokenomics? Crystal clear. 90% for DEX liquidity, 5% for CEX, 5% for the community. No BS. DYOR, but from my side, this might be a massive pump. Don't forget to thank me later. 🧿 Rating: coinmarketcap 💰 Buy: uniswap, mexc 🐦 Follow: twitter

Digital Assets for 1 Billion Rubles Issued in Russia in a Month Platforms authorized by the Russian government issued digital assets worth around a billion rubles in April, the local press reported. The spike in the volume has been attributed to Russian companies experimenting with new financial instruments amid limited access to traditional capital. Russia’s Digital Assets Market Livens Up as Capital Markets Dry Up for Russian BusinessesSeven placements of digital financial assets (DFAs) for a total of about 1 billion rubles ($13 million) were made in Russia last month, the Kommersant reported. Experts quoted by the business daily note that while this market is still rather small, significant projects may be expected by the end of this year. DFAs are relatively new instruments in Russia defined in the law “On Digital Financial Assets” that went into force in January 2021. Unlike decentralized cryptocurrencies, which are yet to be comprehensively regulated, these represent “digital rights” to securities or utility tokens and must have an issuing entity.

Yellen Says US ‘Not Willing to Allow Contagious Bank Runs,’ Calls OPEC Oil Production Cut ‘Unconstructive’ Roughly 26 days ago and in the following days, the U.S. witnessed two significant bank failures when Silicon Valley Bank and Signature Bank collapsed. After speaking at an event on Monday at Yale University, Janet Yellen, the current U.S. Treasury secretary, told reporters that she was closely monitoring the banking industry. Yellen insisted that “matters are stabilizing” and the Treasury was “not willing to allow contagious [bank] runs to develop” in the United States. Treasury Secretary Yellen Addresses Recent Bank Failures and Emphasizes Stability in the U.S. Banking SystemU.S. Treasury secretary Janet Yellen recently spoke at Yale University, and following the event, she made statements to reporters. Yellen discussed the recent issues within the U.S. banking industry and touched on the decision made over the weekend by Saudi Arabia and OPEC to cut oil production. Reporters asked Yellen about the impact the decision might have on oil prices. “I think it’s regrettable that OPEC decided to take this action,” Yellen said. “I’m not sure yet what the price impact will be. I think we need to wait a little longer to assess that.”

Opinion: Crypto Skeptic Ben McKenzie Seems to Have His Head in the Clouds Why do actors consider themselves experts on things they’re clearly not experts on? Is it because they’re surrounded by entourages that deem them gods of some kind? Is it because their agents and managers suck up to them out of knowing that if they don’t do what they should, they won’t get their ten percent cuts? In any case, actors seem to think they always know it all, and Ben McKenzie of “The O.C.” fame is no exception. Ben McKenzie Likely Doesn’t Know as Much as He ThinksAs a young man, McKenzie made his bones in Hollywood by appearing in the television program “The O.C.” with performers such as Mischa Barton and Rachel Bilson. Now, as a full-fledged adult and allegedly part of the Hollywood elite crowd, he has starred in shows like “Gotham,” thus bringing the world of Batman to the small screen. About a year ago, he co-wrote a book about cryptocurrency and his dislike for it. This is the first real problem in question. McKenzie may be a genius when it comes to standing on sets and memorizing lines, but that doesn’t mean he’s an expert in crypto. The fact that he had to co-write the book with the aid of a legitimate reporter (Jacob Silverman) is proof of this. He needed help with the idea and thus couldn’t put his name alone to the book. He had to include someone else’s alongside it.

Vitalik Buterin Names One of Ethereum’s ‘Biggest Challenges,’ Says Improvement Can be Implemented Fairly Quickly Ethereum (ETH) creator Vitalik Buterin says that the leading smart contract platform faces a serious obstacle, but that a relatively simple solution could help immensely. In a post on his blog, Buterin says that privacy is one of the largest remaining challenges that Ethereum faces today.

‘Big Short’ Investor Michael Burry Says Binance Crypto Exchange Audit Is Meaningless – Here’s Why Hedge fund manager Michael Burry, who is known for being one of the first investors to foresee and profit from the collapse of the housing market in 2007, says the recent audit on Binance’s proof of reserves carries zero weight. Following the high-profile implosion of FTX, centralized crypto exchanges have been scrambling to provide proof-of-reserves reports, which aim to confirm that a platform’s reserves match its clients’ assets. The Big Short investor tells his 1.2 million Twitter followers that crypto is a relatively new asset class and that auditors are still learning the ropes.

SBF Is Sleeping Better, Playing Video Games — New York Times Sam Bankman-Fried Interview Dunked on for Going Soft on FTX Co-Founder On Nov. 14, the New York Times (NYT) published a massive 2,200-word expose and interview with the former CEO of FTX, Sam Bankman-Fried (SBF), and the article was criticized a great deal after it was published. The article noted that SBF would only offer “limited details about the central questions swirling around him,” and most of the article cited a number of former employees and sources familiar with the matter. New York Times Article Interviewing Former FTX CEO Sam Bankman-Fried Slammed for ‘Disgraceful Reporting’The news publication the New York Times (NYT) is dealing with a lot of criticism tied to an interview with the former CEO of FTX, Sam Bankman-Fried (SBF), after the NYT published the editorial on Nov. 14, 2022. The editorial and interview is 2,200 words long, and it contains direct comments from the former FTX executive. However, the bean-bag-loving SBF doesn’t get into much detail about what happened, and the new information people learned from the NYT report was that SBF was getting more sleep these days. “You would’ve thought that I’d be getting no sleep right now, and instead I’m getting some,” SBF told the NYT reporters. “It could be worse,” the former FTX CEO added in a “wide-ranging interview on Sunday that stretched past midnight.” Although, after the interview with SBF was published, the NYT article was dunked upon by a myriad of critics for not grilling SBF for answers to meaningful questions about the collapse.

Ikigai Exec Says ‘Large Majority’ of Crypto Asset Management Firm’s Funds Stuck on FTX After Kevin Zhou, the co-founder of the hedge fund Galois Capital, revealed half of the firm’s assets were held on FTX, another crypto asset management firm called Ikigai detailed that “a large majority of the hedge fund’s total assets” were stored on FTX. Ikigai chief investment officer, Travis Kling, told the public on Twitter and he said there’s “a lot of uncertainty about what’s going to happen next.” Ikigai Chief Investment Officer Shares ‘Some Pretty Bad News’Another hedge fund has detailed it has lost money from the FTX scandal, according to a Twitter thread published by Ikigai’s chief investment officer Travis Kling. “Unfortunately,” Kling said. “I have some pretty bad news to share. Last week Ikigai was caught up in the FTX collapse. We had a large majority of the hedge fund’s total assets on FTX. By the time we went to withdraw Monday [morning], we got very little out. We’re now stuck alongside everyone else.” A similar situation happened to the hedge fund Galois Capital, according to the company’s co-founder Kevin Zhou. The Galois co-founder noted that his firm had “roughly half” of the firm’s capital “stuck on FTX.” Kling’s thread published on Nov. 14, 2022, details that Ikigai has been “in constant communication” with the hedge fund’s investors since Monday.

A study of MetaRace Horse Racing to Understand Success in Web3 Gaming London, UK. In the current bear market, Web3 gaming has been affected by multiple factors, delaying a return to the high levels of activity driven by Axie Infinity towards the end of 2021. Many blockchain game projects have failed or experienced a huge decline during 2022, with many starting to look for alternative models and strategies as they search for the next big break for Web3 games. Where will the breaks come, and what should we be looking for? There are varying opinions on what makes a successful Web3 gaming strategy. Some people believe it is the game itself that matters, that it must be ‘triple A’ quality to succeed; others believe the tokenomics, return on investment (ROI) and token price are most important; some people think it depends on the success and future development of the underlying blockchain; while others believe the community and social aspects of a game are the keys to its success.

Ether On Cusp Of Outperforming Crypto Majors As Analyst Sets Conditions For $4,800 High As the crypto markets continue on their path to recovery, the space hopes for breakouts in the foreseeable future that could potentially influence the recuperation. Amidst the speculations, a notable crypto analyst has mentioned that he expects ETH, out of all assets, to stage a breakout from current levels, further highlighting conditions for a high of $4,800. Pundit expects an ETH value of 0.15 BTC should BTC hit $32k pre-MergeRenowned crypto analyst Crypto Kaleo (@cryptokaleo) took to Twitter to share his market thoughts. “If anything has a chance of making it back to the highs from here, it’s ETH,” the anonymous crypto trader said to his large following. Kaleo further mentioned that ETH could soar back to the $4,800 levels as the Merge approaches if certain conditions are met. According to him, if BTC can reclaim the $32k zone and the ETH/BTC pair reaches the previous ATH of 0.15 before the Ethereum Merge occurs, the community would be witnessing an ETH price of $4,800. ETH is currently trading at 0.085 BTC.

‌Get a piece of NFT land in the Crypto Soul World metaverse! Everyone who buys 10,000 tokens CSW on the PancakeSwap exchange and holds tokens till the 1st of September will receive 1 NFT value for every 10,000 tokens to their wallet. Right now the price of a token is only $0.01 and continues to rise due to high demand. 1. Go to https://pancakeswap.finance/swap 2. Find a pair BNB/CSW (CSW contract address: 0xA62106602B7F0ced0101F497F60E5Ad7AAc3DCBE) 3. Swap 10 000 CSW tokens or more and hold it at your wallet until the project launch.

FREE NFT GIVEAWAY! Less than a month remains before the public release of our metaverse Crypto Soul World. Upon release to centralized exchanges, the price of the CSW token will start at $0.5 per token. Now there is a presale of token on PancakeSwap exchange, only 800,000 tokens are sold now on special conditions for members of our community. Everyone who buys 10,000 tokens on the PancakeSwap exchange and holds tokens by September 1 will receive 1 NFT value for every 10,000 tokens to their wallet. Right now the price of a token is only $0.01 and continues to rise due to high demand. 1. Go to https://pancakeswap.finance/swap 2. Find a pair BNB/CSW (CSW contract address: 0xA62106602B7F0ced0101F497F60E5Ad7AAc3DCBE) 3. Swap 10 000 CSW tokens or more and hold it at your wallet until the project launch.

India Freezes Crypto Exchange Wazirx’s Bank Assets — Binance Claims Acquisition of Wazirx Was ‘Never Completed’ A major Indian cryptocurrency exchange, Wazirx, has had its bank assets of more than $8 million frozen by the Directorate of Enforcement (ED). The exchange was supposedly acquired by Binance in 2019. However, Binance CEO Changpeng Zhao (CZ) now claims that the acquisition was “never completed.” Wazirx, however, maintains that it was acquired by Binance. ED’s Action Against WazirxIndia’s Directorate of Enforcement (ED) issued a press release Friday concerning Wazirx, a major crypto exchange in India. ED is a law enforcement and economic intelligence agency of the government of India. The announcement details: Directorate of Enforcement (ED) has conducted searches on one of the directors of M/s Zanmai Lab Pvt Ltd, which owns the popular cryptocurrency exchange Wazirx and has issued a freezing order to freeze their bank balances to the tune of INR 64.67 crore.

Get a free NFT land in the new metauniverse RIGHT NOW! Friends, last year we were actively working on our metauniverse Crypto Soul World. And now, it's time to announce the imminent launch of this ambitious project! Right now you can buy CSW token on PancakeSwap early presale. In a month this token will be added to centralized exchanges like Kucoin and Huobi, and in December we plan a listing on Binance. CSW is a metauniverse utility token with which you can buy NFT land and NFT characters in Crypto Soul World universe. Details about the universe itself are still under wraps, but we will be publishing a Lite Paper very soon. 1. Go to https://pancakeswap.finance/swap 2. Find a pair BNB/CSW (CSW contract address: 0xA62106602B7F0ced0101F497F60E5Ad7AAc3DCBE) 3. Swap 10 000 CSW tokens or more and hold it at your wallet until the metauniverse launch. When the universe is launched, each CSW token holder will receive an NFT plot of land at the rate of 10 000 tokens = 1 NFT! For example, if you buy and hold 50 000 CSW tokens, you will receive 5 NFT when the metauniverse is launched! Hurry up, only 800,000 tokens are available for sale right now. Max 80 NFT plots will be distributed among all presale participants. The metauniverse is scheduled to launch on September 1.

Blockchain.com and Deribit Confirmed To Be Creditors of Three Arrows Capital Blockchain.com and Deribit are among the creditors that sought the liquidation of beleaguered crypto hedge fund Three Arrows Capital. Bloomberg said that company representatives and a court filing showed that the two were creditors of the hedge fund, which fell into liquidation a few days ago. Blockchain.com also said that it was cooperating with the investigations into the Three Arrows. A court in the British Virgin Islands made the liquidation order on June 27, appointing two partners at the consulting and advisory firm Teneo. The company spokesperson of Blockchain.com told Bloomberg,

Dutch bitcoin exchange BL3P confirms support for Lightning Network BL3P, a bitcoin exchange based in the Netherlands, has now confirmed that following its new trade engine launch, it also has integrated Lightning. Soon to be live, Lightning is currently only available for internal purposes, but BL3P has provided a sneak preview of how Lightning works on the exchange. “Behind the scenes, we continuously work hard to improve and upgrade our products & services, add new functionalities and optimize the user experience. Given the complexity, we want to roll out Lightning functionality in phases.”– The Bitsonic (company behind BL3P) Team

Coinweb is one of the most promising projects Now the price of CWEB token on exchanges Gate.io and Kucoin grows against the market. The project is the killer of DOT and similar services. Now its price is only $0.02, although at the start of trading a few months ago it was worth more than $0.2. Analysts agree that the token could be worth more than $0.5 by the fall, and will reach $1 in 2023.

JPMorgan CEO Jamie Dimon Expresses Doubts About Crypto But Believes That “Not All Of It Is Bad” Jamie Dimon, CEO, and Chairman of JPMorgan Chase recently sat down with 3 News Now, in an interview where they talked about an array of things in the financial world. In the interview, Jamie Dimon expressed his doubts about cryptocurrencies but insisted that people’s rights to use crypto ought to be protected.

Ariva Identified as Major Driver of Blockchain in Travel and Tourism In a recent gathering of all crypto experts and tourism industry leaders, the Blockchain for Travel Summit, held in Dubai, on March 26, Ariva was highlighted as a major driver of blockchain technology in travel and tourism. This event hosted key stakeholders in tourism for blockchain, world leaders, crypto experts, and other important dignitaries with a vested interest in blockchain for travel. The Global Tourism Forum Blockchain for Travel Summit was organized by Ariva and the World Tourism Forum Institute and supported by Dubai Tourism. The main focus of the event was to discuss how travel and tourism could be revolutionalized using blockchain technology.

Bitcoin Newbies Are Evolving Into Long-Term HODLers As BTC Accumulation Phase Begins According to data provided by the blockchain analytics company CryptoQuant, many fresh Bitcoin investors are evolving into long-term HODLers, inclining to hold their BTC stash for a more extended period. The market capitalization for addresses with BTC holdings of more than 6 months equals 53% at the moment. In contrast, it was only 13% at the peak of the BTC cycle. Thus, many newcomers regard their BTC holdings as a strategic asset that may provide them with further prospects for preserving their funds.

Report: Andreessen Horowitz Seeks an Investment in Bored Ape Yacht Club Two reports claim that the creators of the popular non-fungible token (NFT) project Bored Ape Yacht Club (BAYC) are in talks of raising funds from investors such as the venture capital firm Andreessen Horowitz. The alleged funding round is expected to be around $200 million, but sources further say “the deal is not yet closed.” Bored Ape Yacht Club’s Yuga Labs in Talks of Raising $200 Million, Multiple Sources SayAccording to the news outlet Axios, the Bored Ape Yacht Club (BAYC) creators have been in talks of raising funds from investors. Axios contributors Kia Kokalitcheva, and Dan Primack write that the investment firm Andreessen Horowitz “is in advanced talks to lead a large funding round for Yuga Labs.” Yuga Labs created the BAYC NFT project alongside the associated NFT collections like Mutant Ape Yacht Club (MAYC). There are 10,000 NFTs, in the case of BAYC, and each ape has different properties.

Exchange Token Soars 28% After Crypto Giant Binance Announces Eight-Figure Investment One exchange altcoin is enjoying big intraday gains after a sizeable long-term investment from crypto behemoth Binance. Today, Binance Labs announced a $12,000,000 investment in the WOO Network (WOO). “Binance Labs invested $12 million in WOO Network as the two parties expand their long-standing relationship.

Karlie Redd Partners with Crypto Music Firm Legacy Records Karlie Redd – famous for her role on the popular television show “Love & Hip-Hop: Atlanta” – has signed a multi-million-dollar deal with Legacy Records, a music label that pays its artists in crypto. Karlie Redd Signs a One-of-a-Kind DealRedd is the organization’s first female artist. Earlier in the month, Legacy held a red-carpet event to celebrate her joining the ranks of its other artists and allowing fans to preview her latest songs. Some of the people to attend included fellow “Love & Hip-Hop” alumni Rasheeda and Kirk Frost. Entertainment lawyer Navarro Gray was also in attendance, while Redd’s manager Ryan Fionda and the CEO of Legacy Keishia McLeod were also there to greet fans.

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