The Biden administration has been monitoring the ongoing Silvergate Bank crisis, White House press sec Karine Jean-Pierre told the media on Monday.
She added that she could not comment on Silvergate specifically, but stated that United States president Joe Biden had urged Congress to act on the situation.
She also said that numerous crypto firms had “experience[d] significant issues” over the last few weeks, citing statements from banking regulators that cautioned of cryptocurrencies’ potential risks to banks and global financial institutions.
Jean-Pierre said in a statement,
“In recent weeks banking regulators have released guidelines on how banks should protect themselves from risks associated with crypto. As you know, this is a president that has repeatedly called on Congress to take action to protect everyday Americans from the risk posted by digital assets and he will continue to do so.”
She added: “[I] won’t speak to this particular company as we have not on other cryptocurrency companies, but we’re going to continue monitoring reports, and currently we’re aware of the situation.”
Silvergate Ties to FTX
The news comes after Silvergate announced on Friday last week it would cease operations of its Silvergate Exchange Network. The platform allowed customers to settle transactions outside normal banking operations or hours.
Silvergate also said in a recent press release that it would delay its annual report filings, adding it would become “less than well capitalized” after selling its debt securities.
This forced multiple exchanges such as Coinbase Global, Gemini, Galaxy Digital, and Bitstamp to sever ties to Silvergate after the bank allegedly facilitated illegal banking transactions for FTX.
Silvergate’s involvement with the now-defunct crypto exchange and its research subsidiary, Alameda Research, took place just days before the latter two firms filed for bankruptcy in November.
The bank’s stock plummeted as a result, falling 58% in a single day before largely stabilizing. A number of the bank’s most prominent crypto clients have announced they would suspend their business with Silvergate,
“[I] won’t speak to this particular company as we have not on other cryptocurrency companies, but we’re going to continue monitoring reports, and currently we’re aware of the situation,” Jean-Pierre said Monday.
Tbilisi, Georgia, 8th March, 2023, Chainwire
In celebration of International Women’s Day, Binance Charity, the philanthropic arm of Binance, the world’s leading cryptocurrency and blockchain infrastructure provider, has announced a $100,000 donation to Georgia’s Innovation & Technology Agency (GITA) to support web3 education and training. As a result of the partnership, more than 100 women will be able to study professional courses in Web3 and get support to move into the job market.
“We’re proud of our new partnership with GITA, which aims to diversify the Web3 industry by removing financial barriers to study and developing new courses. In celebration of International Women’s Day, we’re allocating 100 out of the 180 scholarships available for women. Georgia is very advanced in terms of adopting new technologies, and there’s already a strong pool of talented women who are interested in innovation, including Web3. We hope these scholarships will enable these women to pursue their passions and further strengthen Georgia as a hub for women in tech.” comments Helen Hai, Head of Binance Charity.
This donation is the latest of Binance Charity’s efforts towards empowering women around the world through education and humanitarian projects. To date, Binance Charity has supported more than 51,000 women across 10 countries, donating over $3 million to women-only initiatives including 36,215 scholarships. In the five years since the non-profit organization was founded, it helped more than 2 million people, with a particular focus on addressing social issues that still disproportionately affect women such as inequality, access to education, and poverty.
Binance Charity donations have been directed to Web3 education programs to support women and other underrepresented and underserved groups to study vocationally as part of workshops as well as through higher education opportunities with top universities. Among these programs are:
- The DLT Talent Programme with Frankfurt Blockchain Center, which is already underway, to support 400 female leaders in the Blockchain space;
- Collaboration with Women in Tech in Brazil, South Africa and Burundi providing funding to train 2,800 women in rural communities in Web3 basics, develop entrepreneurship skills, and support them into employment;
- Partnership with Utiva to strengthen Africa as a hub for tech talent through supporting 1,000 individuals, at least 50% women, to take professional blockchain and digital skills courses.
These projects are part of the Binance Charity Scholar Program, enabling the next generation of Web3 leaders to develop their skills, knowledge and experience without financial barriers. Applications to study as part of this initiative have surpassed 80,000 worldwide since June last year.
Binance Charity remains committed to supporting innovative solutions in using Web3 for social good with a focus on women, as well as investing in research to identify the most impactful ways to use this technology.
About Binance Charity
Binance Charity is a non-profit organization dedicated to unlocking Web3 as a powerful tool for social change. Its mission is to enable Web3 as a driver of social transformation by making its education and research accessible to all, and advancing global solutions for local humanitarian impact. Binance Charity uses its 100% transparent donation platform to build a future where technology is used as a force for good. To date, Binance Charity has supported over 2 million end beneficiaries through various projects. For more information, visit https://www.binance.charity/.
About Binance
Binance is the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. Trusted by millions worldwide, the Binance platform is dedicated to increasing the freedom of money for users, and features an unmatched portfolio of crypto products and offerings, including trading and finance, education, data and research, social good, investment and incubation, decentralization and infrastructure solutions, and more.
Contact
Dan Edelstein
[email protected]
San Francisco, California, 8th March, 2023, Chainwire
To celebrate International Women’s Day, Unstoppable Women of Web3 (Unstoppable WoW3), a diversity and education group on a mission to equalize the playing field in Web3, today announced a commitment to providing Web3 and metaverse education for six million women in Africa over the next five years. The initiative is launching in partnership with 19+ companies including the African Leadership Group, Africa Women CEOs Network, Chipper Cash, NFT Domains, Polygon Labs, Sankore 2.0, Unstoppable Domains, Uoma Beauty, and the Virtual Brand Group, along with 17 other companies.
As a first step towards their goal of onboarding six million women in Africa to Web3 and the metaverse, Unstoppable Women of Web3 and Unstoppable Domains will expand access to user-owned digital identity through free Unstoppable domains, which people can claim for the next 30 days. Web3 domains, like dranino.nft, give people ownership of their identity data – allowing them to create a portable, user-owned reputation across Web3 and the metaverse.
“Africa has one of the most rapidly growing Web3 sectors today, but it’s not exempt from the gender equality issues we see across the globe, and we need to make sure everyone has a seat at the table,” said Sandy Carter, Founder of Unstoppable Women of Web3 and COO and Head of Business Development at Unstoppable Domains. “Empowerment starts with education, which is why we’re thrilled to lead this initiative to educate six million more African women on the metaverse and Web3.”
In order to meet this commitment, the partner organizations will offer Web3 and metaverse education via a wide assortment of educational streams, programs, learning materials, in-person events, and online courses:
- The African Leadership Group will offer master classes and content on Web3 and the metaverse to their ongoing training and lifelong learning programs across Africa.
- Africa Women CEOs Network will present a CEO Education in Masterclass Program designed specifically for women in Africa.
- Educational programs will be available online on the Unstoppable Women of Web3 official website, and will be translated into Portuguese, French, and Arabic.
- Chipper Cash will surface Unstoppable Women of Web’s Web3 and metaverse education within its app.
- Sankore 2.0, an Africa-focused blockchain community builder, will develop and organize online and physical courses on metaverse knowledge and blockchain code development to empower African women in Web3 technology.
- Unstoppable Women of Web3 and Unstoppable Domains will provide free Web3 domain addresses to expand access to user-owned digital identity. They’ll also launch a set of blogs on digital identity on the Unstoppable Women of Web3 website, available in French and English, and issue special NFT-based Education Badges for women who complete the education programs.
- Unstoppable Domains and Unstoppable Women of Web3 will launch a blockchain education stream in partnership with Alchemy.
Today, Africa is one of the fastest-growing adopters of blockchain, cryptocurrencies, and Web3 technology globally. The continent already features the world’s second-largest Bitcoin market and a government-backed central bank digital currency. Africa also witnessed a 1,200% increase in crypto payments from 2020 to 2021, showing a massive and rapidly growing demand for the nascent technology.
“Having started my entrepreneurial career in Nigeria at 17, I know the power and opportunity of Africa. I see technology and innovation as the way to unlock this next generation of women,” said Sharon Chuter, CEO & Founder of Uoma Beauty.
However, like many male-dominated tech and engineering sectors, Web3 suffers from uneven representation. In 2021, for example, out of the 121 leading crypto companies, it was discovered that less than 5% were founded by women, and women only represent 10% of partners at crypto funds.
Fred Swaniker, founder and CEO of African Leadership Group, said: “By 2035, Africa will have the largest and youngest workforce in the world and will be the primary driver of the 4th industrial revolution. Considering the burgeoning nature of the Web3 industry and the fact that women currently make up 50% of the African continent, it is incredibly important to educate and empower our women with the tools they need to succeed in this field. This partnership will champion not only diversity in Web3 but also enable Africa to continue establishing itself as a global Web3 hub.”
Jennifer Kattula, SVP of Marketing at Polygon Labs said: “We believe in diversity and its impact on the web3 industry. We support women on this International Women’s Day and 365 days of the year. We are proud to support Unstoppable Women of Web3 and the Metaverse as they expand into Africa and beyond.”
Dr. Anino Emuwa, Managing Director of Avandis Consulting and Founder of Africa Women CEOs Network, said: “This initiative will give women in Africa a chance to participate in one of the fastest growing industries in the modern world. The tech and Web3 industries have historically faced issues with diversity and a lack of representation, but with this new initiative, women in Africa can learn about a burgeoning industry and be part of building its future.”
Justin W. Hochberg, CEO and Co-Founder of the Virtual Brand Group, said: “If you can defy gravity in the metaverse, why can’t we defy convention as to who has a voice and the technical skills? This is a once in a generation opportunity to empower diverse talent which will benefit everyone as we collectively build this brave new interconnected world from games to fashion, loyalty to art, sports, music, entertainment and beyond. I challenge everyone to be the change you wish to see in the metaverse and web3 starting here and now with the women of Africa where humankind originated and which over the next decades will be a leading global technology hub.”
Laura Kennedy, VP of Corporate Development at Chipper Cash, said: “We are delighted to pledge our support to the Unstoppable Women of Web3 initiative. Chipper Cash is a company deeply committed to unlocking global opportunities to connect and uplift Africa. When Chipper launched a crypto product more than two years ago, it was in response to a need expressed by our customers. With this initiative, Chipper and Unstoppable Women share a vision that inclusive access and education are critical to building an equitable online ecosystem where everyone can thrive.”
Other partners supporting this initiative are: African Women in Fintech & Payments (AWFP), Afrilabs, Bookings Africa, Ejara, Eloy Awards Foundation, Emerging Africa Group, Futuresoft, Google Cloud, Kenya Blockchain Ladies DAO, Mission Impact Academy, Miss O Cool Girls, NairaEx, SpaceYaTech, The Product House, Thousand Faces NFT, UTU, Women in Management Africa (WIMA), and Women in Tech.
This is not the first time Unstoppable Women of Web3 has launched an educational initiative to onboard women from underrepresented communities to Web3. Last October, the organization also announced its mission to educate and onboard over five million Latinas into Web3 by 2030.
About Unstoppable Women of Web3
Launched in 2022, Unstoppable Women of Web3 is a diversity and education group focusing on training the next generation of talent, with a mission to equalize the playing field early in the Web3 era. All 206 collaborators have pledged to feature work created by historically marginalized groups in at least half of all materials used for Web3 education.
About Unstoppable Domains
Launched in 2018, Unstoppable Domains is a Web3 domain name provider and digital identity platform working to onboard the world onto 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 more than 720 apps, wallets, exchanges and marketplaces. The company was named by Forbes as one of America’s Best Startup Employers in 2022.
About African Leadership Group
The African Leadership Group (ALG) is an ecosystem of independent entities with a shared vision for transforming Africa by developing three million ethical and entrepreneurial leaders by 2035. Anchored in its unique and effective learning model, ALG has been at the forefront of developing diverse talent for the past two decades, equipping and harnessing the potential of African youth to meaningfully engage with — and contribute to — the global digital economy as leaders and innovators. As a leading technology training provider, its mission is to solidify Africa’s place as the final frontier for technology, while providing a lasting solution to the global technology talent shortage. ALG was named by Fast Company as one of the 50 most innovative companies in the world in 2019.
About Africa Women CEOs Network
Africa Women CEOs Network, is a community of women leading businesses. Our peer network helps women combat the lonely-at-the -top syndrome supporting their professional growth through the provision of bespoke leadership development and access to business opportunities.
As UN Women Generation Equality Action Coalition commitment makers, we collectively contribute to accelerating progress towards gender balanced leadership across the continent through our advocacy and DEI initiatives.
About Chipper Cash
Chipper Cash is a financial technology company serving more than five million customers across the African continent. In 2018, Chipper Cash revolutionized moving money in Africa with the introduction of fee-free transfers for personal payments—providing a frictionless way to send and receive money cross-border and enabling financial inclusivity across the continent. Since then, Chipper has increased its product suite by offering personal investments and digital business transactions, and expanded its reach into the US. Led by co-founders Ham Serunjogi and Maijid Moujaled, Chipper Cash is focused on its mission to provide the most trusted and accessible financial services for people living in Africa and beyond. For additional information, please visit www.chippercash.com.
About Polygon Labs
Polygon Labs develops Ethereum scaling solutions for Polygon protocols. Polygon Labs engages with other ecosystem developers to help make available scalable, affordable, secure and sustainable blockchain infrastructure for Web3. Polygon Labs has initially developed a growing suite of protocols for developers to gain easy access to major scaling solutions, including layer 2s (zero-knowledge rollups and optimistic rollups), sidechains, hybrid chains, app-specific chains, enterprise chains, and data availability protocols. Scaling solutions that Polygon Labs initially developed have seen widespread adoption with tens of thousands of decentralized apps, unique addresses exceeding 220.8 million, over 1.18 million smart contracts created and 2.48 billion total transactions processed since inception. The existing Polygon network is home for some of the biggest Web3 projects, such as Aave, Uniswap, and OpenSea, and well-known enterprises, including Robinhood, Stripe and Adobe. Polygon Labs is carbon neutral with the goal of leading Web3 in becoming carbon negative.
About Virtual Brand Group
The Virtual Brand Group (VBG) is an award-winning metaverse pioneer transforming businesses by strategizing, building, and operating brands in virtual worlds. VBG works in partnership with global intellectual property across entertainment, fashion, retail, lifestyle, and beauty to deliver immersive experiences, social games, digital marketing campaigns, virtual fashion, and next-level token reward programs.
The company won Licensing International’s “Best Digital Licensed Product” for its work building Forever21’s Shop City into the #1 retailer on Roblox (the first-ever metaverse winner). VBG was recently credited with making Forever 21 one of the “top 10 metaverse companies for 2023.” Additionally, the company has been featured in over 500 top-tier media outlets for its work with other brands, including Barbie, for which it designed the iconic character’s first-ever virtual fashion line and putting “The Voice” singing competition with NBC – airing in 145 territories – into the metaverse for the first time securing record-breaking numbers. VBG is credited with developing “Infinite Loop Marketing,™” the first-ever avatar-to-ecommerce program where items can be sold simultaneously in the metaverse and real life.
#GetMetaversed on Twitter and LinkedIn. For more, visit virtualbrandgroup.com.
Contact
Nora Chan
[email protected]
London, United Kingdom, 8th March, 2023, Chainwire
Mizar, a social trading platform that boasts over 10,000 users and sees daily trades in the millions of dollars, is pleased to announce the launch of its $MZR token on March 9th, along with the disclosure of its ambition to introduce automatic and copy trading on both centralized and decentralized exchanges. Mizar aims to transform the crypto trading industry by enhancing its accessibility and profitability for all, with the ultimate objective of becoming the most popular social trading platform for crypto. 
The $MZR token will serve as the native token of the Mizar ecosystem, allowing users to participate in various activities such as staking, accessing features, and receiving rewards. Additionally, the $MZR token will be used to reduce fees on the Mizar platform by up to 95%, providing a more cost-effective solution for traders.
Following the successful completion of its initial roadmap phase, which centered on developing trading tools for CeFi platforms, Mizar is delighted to reveal its next roadmap phase which seeks to expand its existing tools to DeFi. These features will empower users to automate their trading strategies using advanced, but intuitive trading tools, on decentralized exchanges. By combining these tools with its copy-trading engine, novice traders will find trading more accessible while experienced traders can potentially enjoy an additional income stream while retaining control of their assets through self-custody.
Mizar aims to establish itself as the leading crypto trading platform, offering users the ability to track and manage their orders across both centralized exchanges such as Binance and decentralized exchanges like Uniswap. The Mizar team believes that by incorporating automation and artificial intelligence, traders can gain an advantage in the market and increase their chances of success.
“Our launch on Arbitrum is a testament to our enthusiasm for expanding into DeFi”, says Francesco Ciuci, CEO of Mizar. ”We are currently engaged in discussions with several projects in the Arbitrum ecosystem, and we are all eagerly anticipating the chance to collaborate on groundbreaking products that will revolutionize the DeFi trading landscape”.
With support from prominent investors including Nexo, KuCoin Labs, Huobi Ventures, Kronos Research, and others, Mizar marks a significant advancement in the realm of crypto trading.
Starting from March 9th, Mizar’s $MZR token can be acquired on Uniswap. To learn more about Mizar’s social trading platform and its future roadmap, please visit https://mizar.com/.
About Mizar
With over 10,000 active users and millions of volumes traded daily, Mizar is the go-to choice for those who demand the best when trading crypto. Say goodbye to FOMO and missed opportunities, and embrace hands-free trading on your favorite CEX and DEX with advanced bots and smart tools. Additionally, Mizar traders can share bots with others on the soon to-be-largest social trading platform in the crypto space and earn a passive income. Thanks to the MZR token, users can get access to all these features without paying any subscription fee.
Contact
CEO
Francesco Ciuci
Mizar
[email protected]
London, United Kingdom, 8th March, 2023, Chainwire
GameFi arcade project Metacade has continued to see a phenomenal response to its MCADE token presale, with 5 stages selling out and an impressive $9.3m raised to date. This leaves only two rounds before the presale closes and the hotly anticipated token finally lists on public exchanges.
During the recent Metacade presale, a significant demand for tokens led to Stage 5 quickly reaching its token sale cap at a price of $0.0155. The current stage 6 sees a token price of $0.017, ahead of its ultimate increase to $0.020 in the closing stage of the presale. Once the presale sells out, the token will be unleashed on multiple crypto exchanges, including Bitmart and Uniswap.
Russell Bennett, CEO at Metacade, said: “It feels like only yesterday that we opened the MCADE presale and it’s already coming to a close. We’re thrilled to have so many investors and GameFi enthusiasts on board for the next stage of Metacade’s journey. Everything is on track and we will be keeping the community updated every step of the way.”
It certainly has been interesting to follow the buzzing Metacade social channels, where a loyal development community shares ideas, including app interfaces and UX concepts. The business aims to hire from within the existing community as the project progresses following the presale.
Metacade is set to deliver the ultimate play-to-earn experience and change the face of gaming. Built on blockchain-based play-to-earn mechanics, Metacade will allow gamers to earn a crypto income while playing a vast range of arcade-style games. The GameFi project is building a community hub for all things play-to-earn where gamers can meet, exchange gaming alpha, and compete against each other in tournaments to earn MCADE.
MCADE is the fuel for the Metacade ecosystem and is used in all transactions on the platform. Gamers will be rewarded tokens for gameplay such as overcoming challenges, completing tasks, and battling it out in PvP sessions. Users will also be awarded MCADE tokens for their valuable contributions to the platform, such as sharing knowledge with fellow gamers, writing game reviews, and engaging in events.
A highly attractive feature that’s drawing in investors is the Metagrants initiative, a source of funding for game developers to build projects on the platform. Developers submit game proposals to the community who vote on what projects they would like to see built. The most popular proposals are awarded funding and the developers can set about bringing their ideas to life.
Metacade recently received approval from leading blockchain auditing firm Certik who analyzed and evaluated the project’s specifications and code, as well as assured the authenticity of the Metacade team through a full KYC. This prestigious approval places Metacade among other Certik-approved projects, including Chiliz, Aave, and Polygon, assuring investors that Metacade is transparent and reliable.
About Metacade
Metacade is the premier destination for gaming in the metaverse. As Web3’s first community arcade that allows gamers to hang out, share gaming knowledge and play exclusive P2E games. The platform offers users multiple ways to generate income, build careers in Web3, and connect with the broader gaming community.
Metacade will be the one-stop destination for users to play, earn, and network with other passionate gamers worldwide. Once the project reaches the end of its roadmap, Metacade will be handed over to the community as a full-fledged DAO, evidencing its commitment to its original ethos of people-led gaming.
Website: https://metacade.co/en
Whitepaper: Metacade Whitepaper
Socials: Metacade Socials
Contact
CEO
Russell Bennett
Metacade
[email protected]
The United States’ first nuclear Bitcoin mining plant, the Nautilus Cryptomine, is now home to TeraWulf (WULF) cryptocurrency mining operations.
It currently has 8,000 functioning mining rigs operating at 1.0 exahashes per second (EH/s), it said in a press release on Monday.
TeraWulf hopes to have a further 8,000 machines over the next few weeks to boost capacity to 1.9 EH/s, it added.
The company added it had energised around half of its 50-megawatt stake in the Cryptomine facility in a joint venture with Cumulus Coin LLC.
The Nautilus Cryptomine is set to slash TeraWulf energy costs. According to the statement, the latter secured a 2 cents per kilowatt hour (kWh) deal with the facility for five years.
This aims to cut energy consumption costs to around 4 cents per kWh at its two locations. TeraWulf typically pays 5 cents per kWh at its New York site.
Nuclear-Backed Bitcoin?
The news comes as the mining enterprise faced several issues in recent months such as plummeting crypto prices and higher energy costs.
TeraWulf chairman and chief executive Paul Prager said that roughly 16,000 company miners representing 1.9 EH/s of self-mining capacity were “onsite and being brought online daily.
He concluded,
“The Nautilus nuclear-powered mining facility benefits from what is arguably the lowest cost power in the sector, just $0.02/kWh for a term of five years […] We look forward to continuing to work alongside Cumulus Coin as the Nautilus facility increases operational hash rate in the coming weeks.”
Alameda Research, FTX’s sister enterprise, filed a lawsuit against crypto asset firm Grayscale Investments, it said in a press release on Monday.
In the suit filed in the Court of Chancery in Delaware, the company said it was seeking injunctive relief for alleged $250 million USD in assets it owes to FTX Debtors creditors and customers.
The document also states that Grayscale chief executive Michael Sonnenshein and Digital Currency Gorup (DCG) chief executive Barry Silbert had taken massive fees to manage Grayscale Ethereum and Bitcoin trusts. Shares linked to the trusts traded around 50 percent lower than net asset values.
According to the complaint, FTX debtors shares would have stood at $550 million, or 90 percent higher than current values, if the firm had reduced its fees and permitted redemptions.
John J Ray III, current chief executive and chief restructuring officer for FTX Debtors, said,
“We will continue to use every tool we can to maximize recoveries for FTX customers and creditors. Our goal is to unlock value that we believe is currently being suppressed by Grayscale’s self-dealing and improper redemption ban”
The news comes after DCG and Genesis Global Trading, an affiliate division, faced paybacks amid the collapse of crypto lending firm Genesis. The company owes creditors roughly $2.8 billion USD.
However, DCG must pay back $575 million to Genesis Global Capital by May this year, Silbert said in a letter in November last year.
Seoul, Korea, 7th March, 2023, Chainwire
Everscale is continuing the growth that has seen it rise to one of the most eminent blockchains in the industry. The network has already been added to some of the largest crypto exchanges including KuCoin, Huobi, Gate.io, MEXC, INDODAX and more. Now another exchange has been added to the list, after Everscale won a community-driven vote to determine which asset would be listed next on Bybit, one of the top 10 cryptocurrency exchanges in the world.
According to Bybit rules, only its users can choose the assets that get listed on the exchange through a voting process held on the ByVotes platform. The latest asset vote took place on March 2 and lasted for 24 hours. The community was asked to choose between three tokens — EVER, VRA and POOLZ. In the first 60 seconds, EVER received 1,182,781 votes and took a substantial lead over the other assets, which it retained until the conclusion of the voting period. By the time voting had concluded, it became clear that Everscale set a new record for the number of votes cast for a project on the ByVotes platform with 41,281,985.
Before voting started, both Everscale and Bybit held AMA sessions for their users. Bybit held their AMA on Telegram with an $1,000 prize pool and Everscale held theirs on Twitter with a 5000 EVER prize pool. Both sessions were well attended and served as comprehensive introductions for the newest addition to Bybit’s stable of digital assets.
The prize pool established for the scenario of Everscale winning on ByVotes was 1,200,000 EVER, and an airdrop took place immediately after the vote concluded, with all participants who voted for Everscale receiving a share of the pool proportional to their contribution to the vote tally.
Everscale also held a contest among its voters, which was the first step toward gaining VIP access to EVERPOINT 2023, a conference and party in honor of the network’s third anniversary which will be held in the UAE on May 7.
The listing is the latest demonstration of the budding strength of the Everscale community and its high level of loyalty and involvement in the life of the project. The listing on a new exchange of this calibre also constitutes a milestone for the network as it will open up an entirely new level of accessibility and exposure to Everscale.
Everscale Foundation Board Member Moon Young Lee said: “This listing on Bybit is a massive achievement, especially considering the way it came about. Getting listed on one of the world’s top ten exchanges is going to allow Everscale to expand much further and introduce many new people to the network. In addition to all that, we could not be more pleased with how strongly the Everscale community showed its support during the voting process.”
About Everscale
Everscale is a uniquely designed blockchain of the 5th generation that proposes a scalable decentralized world computer paired with a distributed operating system. Everscale is based on a platform called Ever OS, capable of processing 64,000 TPS, with Turing-complete smart contracts and decentralized user interfaces.
Everscale has a number of unique features like dynamic multithreading, soft majority consensus and distributed programming, which enable it to be scalable, fast and secure at the same time. It is governed by a decentralized community founded upon meritocratic principles via the Soft Majority Voting protocol.
Everscale has powerful developer tools, such as compilers for Solidity and C++, SDK and API, client libraries ported to more than 20 languages and platforms, a range of decentralized browsers and wallets empowering many applications in DeFi, NFT, tokenization and governance domains.
Contact
Lili Kuvardin
[email protected]
Seattle, UNITED STATES, 7th March, 2023, Chainwire
Massive Gaming, NEOWIZ’s overseas affiliate, successfully launched House of Slots on March 6. House of Slots is a social casino game that combines Web3-based Play and Earn content and blockchain technology. House of Poker, a global social casino hold’em game, will be released as a follow-up.
Before launch, users received a token airdrop, with further reward opportunities to follow through the Play and Earn system integrated into House of Slots.
House of Slots will offer over 80 different social casino slot machine games and provide users with a realistic and fair gaming experience. Through the Play and Earn system, users will be able to unlock rewards in the game’s decentralized economy and generate more value from their playing time.
House of Slots utilizes USDC, a stablecoin fixed to the value of the US dollar. Global users can play various social casino games for free and earn USDC with specific goods provided by the game. This will alleviate sell pressure on the game’s native token, which has been the most notable issue with web3-based games so far. The Play and Earn system will see users paid in USDC as a reward, ensuring stability in value.
To date, small and medium-sized game developers have experimented with the combination of Play and Earn games based on blockchain technology, but the in-game economies have not provided a stable structure that produces fair benefits to users. House of Slots applies a Play and Earn structure that fairly rewards users thanks to reliance on USDC in the game.
Information regarding House of Slots-related airdrops and free NFT minting events can be received via Discord, Twitter, and Telegram. Links to the airdrop page can be found on Gleam. Users who would like to participate in each event must first install the IntellaX wallet in order to receive rewards. Wallet installation can be done through a simple registration or email linkage which makes it easy to participate.
Users can unlock additional reward benefits by completing missions in House of Slots. For example, users who own NFTs will receive more valuable rewards during the “NFT Holder” limited-time event after launching. Players are encouraged to join the Discord server to relive their big wins. Players can also learn even more about all of the upcoming events on the project’s Medium page.
Discord | Telegram | Twitter | Medium
About Massive Gaming
Massive Gaming is an affiliate of NEOWIZ, focused on the production and publication of crypto-enabled games and services. Learn more by visiting Massive Gaming Medium or the official website.
Contact
PR Manager
William Murphy
Massive Gaming
[email protected]
Singapore, Singapore, 7th March, 2023, Chainwire
DeFiChain, the world’s leading blockchain on the Bitcoin network dedicated to bringing decentralized financial applications and services to everyone, is delighted to announce that its community has voted to sponsor the National Fighting Championship (NFC) this year. The NFC is the German version of the widely known UFC, in charge of the mixed martial arts (MMA) fighting league in Germany.
NFC is the biggest German MMA league, with the latest NFC event (NFC 10) reaching more than 10 million viewers worldwide. It is hosting six live events in 2023, and each event attracts 2,500-6,000 fans onsite. The fights are also broadcast on German television on Sport1 as well as on social media. DeFiChain will sponsor the following five of the six events this year:
- 25 March, 2023: NFC 13 Westfalenhallen Dortmund
- 27 May, 2023: NFC 14 Maritim Hotel Düsseldorf
- 16 September, 2023: NFC 15 Telekom Dome Bonn
- 11 November, 2023: NFC 16 Showpalast Munich
- 16 December, 2023: NFC 17 Maritim Hotel Düsseldorf
Michael Ortlepp, Managing Director of the NFC organizer Fighting GmbH, said, “It is a great joy and privilege for us to announce our partnership with DeFiChain. NFC as well as DeFiChain follow the same values and goals and are made for a great partnership that will have a lasting effect on the German MMA scene.”
DeFiChain has a growing community base in the German market. The opportunity to sponsor the biggest German MMA league will allow DeFiChain to attract more crypto-curious people in the German market. Prior to sponsoring the NFC, DeFiChain collaborated with several agencies to conduct market research. It found that crypto users and developers are highly interested in gaming, basketball, fighting sports and drone racing.
“I’m really happy about the partnership between us and the team of fighting.de. With the DeFiChain sponsored 10,000€ “Fighter of the Night Bonus” we are able to give the fighters the appreciation they deserve. Our community is looking forward to being part of this fantastic fighting community,” said Benedikt Keck, Project Lead NFC Sponsoring at DeFiChain.
DeFiChain will also sponsor a “Fighter Of The Night Bonus” for the best fight of the evening. The fighters will be paid directly in DFI in their Wallet. They will be able to spend it however they want, or use it to invest in dStocks or liquidity mining on DeFiChain to earn more rewards. There will also be a “Fan of the Night Bonus,” where one fan will be randomly selected during the live event and if they can show that they have the DeFiChain Wallet installed they will get 1,000 DFI.
DeFiChain is a fully decentralized blockchain with on-chain governance. Since its mainnet launch in May 2020, the project has seen an enthusiastic involvement from the community in almost all aspects of the blockchain, from masternodes, projects, tools, governance, economic ideas, to code governance. Its codebase has been developed in an open source manner, and widely peer-reviewed and discussed by many.
About DeFiChain
DeFiChain is a decentralized Proof-of-Stake blockchain created as a hard fork of the Bitcoin network to enable advanced DeFi applications. It is dedicated to enabling fast, intelligent, and transparent decentralized financial services. DeFiChain offers liquidity mining, staking, decentralized assets, and decentralized loans. The DeFiChain Foundation’s mission is to bring DeFi to the Bitcoin ecosystem.
For more information, visit: Website | Twitter | Discord | GitHub
Contact
Benjamin Rauch
[email protected]