Vienna, Austria, 14th February, 2023, Chainwire
Pantos, a multichain token system conceived by the team behind Bitpanda, announces the public beta launch of its multichain protocol today. Developers and users will be able to use the public beta to send tokens, wrap native coins of supported chains, and soon also create and deploy multichain tokens easily with a few clicks.
Pantos is introducing a new Multichain Token Standard called PANDAS (Pantos Digital Asset Standard) to bring a truly multichain token system to the masses, enabling secure and seamless Web3 interoperability. Pantos currently supports seven chains on testnet: Ethereum, Polygon, Avalanche, BNB, Cronos, Celo and Fantom; and plans to integrate more EVM and non-EVM chains continuously.
The majority of today’s Web3 applications and bridges lack the security and smooth user experience needed to bring Web3 functionalities to the masses. Pantos aims to improve this by offering a reliable infrastructure and the right tools to empower developers to easily create multichain assets.
Pantos began in 2018 as an in-house research project by Bitpanda in collaboration with TU Wien (Austria) and later also TU Hamburg (Germany) to establish an open standard for truly decentralized multichain token transfers and blockchain interoperability. The public beta comes out after years of ground-breaking research in the fields of oracles, relays, smart contracts and blockchain efficiency. Pantos together with its researchers at the universities run one of the largest blockchain research labs in the world, as part of the Christian Doppler Laboratory Blockchain Technologies for the Internet of Things and have been able to secure funding for the project from the Austrian government.
Eric Demuth, CEO and Co-Founder of both Pantos and Bitpanda, said “We are thrilled to introduce the public beta after years of research in collaboration with some of the most reputed universities in Europe. We believe that Multichain technology will be a catalyst for Web3 and foster widespread crypto adoption. Pantos offers users the simplest way to access a multichain Web3.”
Bitpanda’s business expertise helps Pantos with the transition from a research project to a fully-functional product available to end users and developers in a simple and accessible way. Bitpanda will also be one of the first adopters of Pantos’ multichain token system. Furthermore, Pantos has secured a partnership with the leading Austrian bank, Raiffeisen Bank International (RBI), that is working with Pantos on blockchain interoperability solutions. Pantos’ native token PAN is currently available for trading on Bitpanda and N26.
Researchers at Pantos are developing technology that will allow users to transfer digital assets of any kind freely between different blockchain protocols in a completely decentralized and trustless manner. Using the new PANDAS-20 standard, developers will be able to deploy assets on a variety of blockchains without maintenance work. Interested users or digital creators who lack coding skills will be able to deploy their own multichain tokens with ease.
Though it aims to eventually become a fully decentralized open-source protocol with PAN as its own gas token, the public beta of Pantos comes with a trusted validation mechanism to ensure a smooth launch. This way, the team will ensure that the network cannot be attacked in its early stages, before it gradually evolves into a fully decentralized system.
About Pantos
Started as a research project by the team behind Bitpanda in 2018, Pantos is an open-source protocol on a mission to make Web3 truly interoperable. It aims to become an enabler for sophisticated Web3 applications. Pantos’ cutting-edge technology allows existing and upcoming tokens to be deployed on multiple blockchain networks, giving users the freedom to choose the most suitable network for their digital assets. It had secured $12.1 million in funding through an Initial Coin Offering (ICO) on Bitpanda in 2018.
For more information, visit: Website | Twitter
Contact
Marsel Nenaj
[email protected]
Los Angeles, California, 14th February, 2023, Chainwire
DeSo, the layer-1 blockchain that raised $200M from top funds, including Sequoia, Andreessen Horowitz, and Coinbase-Ventures, announces the launch of DeSo Chat Protocol (DCP) — an on-chain, end-to-end encrypted wallet-to-wallet messaging protocol for web3.
DeSo Chat Protocol (DCP) is a secure, censorship-resistant messaging platform for web3 communities. It is built with cross-chain interoperability in mind, so it can easily integrate with any blockchain. With its ability to sustain 40,000 messages per second, it can scale to millions of users, cross-chain, with little to no gas fees. Ethereum is the first integration for DCP, but there are plans to partner with other chains like Solana and Near in the future.
When an Ethereum user logs in using MetaMask, they are instantly airdropped enough $DESO to send up to 10,000 messages.
Founder of DeSo, Nader Al-Naji, explains, “With its built-in interoperability, DeSo Chat Protocol is positioned to become the universal communicator for the entire web3 ecosystem. For the first time ever, NFT marketplaces like Opensea, MagicEden, and Rarible can integrate DCP to provide a safe, secure way for founders, builders, or creators to communicate regardless of the blockchain they use.”
DeSo Chat Protocol is a powerful communication tool that can be added to any app on any blockchain. Additionally, developers can create new, never before seen social experiences 100% on-chain. Furthermore, it provides white-labeling options so that web3 apps can launch with group chat and community-building capabilities without having to set up everything from scratch. DeSo is currently in talks with apps and NFT marketplaces to integrate DeSo Chat Protocol in the near future. That means communities on platforms like Opensea, Rarible, and MagicEden can communicate with each other no matter which app or blockchain they’re on.
Al-Naji continues, “That means that a user on Opensea can send a message to someone on Rarible, and a user on Rarible can send a message to someone on MagicEden without having to worry about gas fees making it easier than ever for web3 communities to scale and monetize on-chain with heightened safety and security to prevent hacks.”
DeSo Chat Protocol offers a wide range of features that popular messaging apps like Signal, Telegram, and Whatsapp have, such as group chat management, message edits, end-to-end encryption, and emoji reactions. Additionally, thanks to the money-native features that come with the DeSo blockchain, DCP can be customized to build novel messaging experiences that integrate NFTs, Social Tokens, Gated Messaging, and much more!
Crypto communities have been clamoring for their own web3 native chat application for the last several years, especially after the high-profile Bored Ape Yacht Club hacks on Discord. Most web3 communities are fragmented and forced to use archaic web2 messaging protocols, leaving them susceptible to hacks, attacks, and stolen assets.
Internet scams are expected to increase due to the explosion in popularity of AI, where deep fakes are difficult to discern from reality; blockchain-based identity and reputation could be the only way to verify whether someone is real, mitigating scams along the way.
Additionally, the DeSo Chat Protocol is positioned to become a major player in the global Blockchain Messaging Apps Market, which is expected to grow from USD 42.23 million in 2022 to USD 628.72 million by 2030 (an increase of 1389%). It stands out among other options because it’s built on the DeSo blockchain, specifically designed with scalability in mind, allowing decentralized social networks to reach billions of users while offering unmatched trust and transparency thanks to everything being stored 100% on-chain.
This is yet another step towards DeSo’s mission of becoming The Social Layer of Web3, a creator-led and user-owned internet powering the future of social media. With the recent launch of Openfund and MegaSwap, DeSo now boasts a full set of tools for founders and builders to launch apps that attract millions of users while creators can monetize in ways never before possible.
About Deso
DeSo is a new layer-1 blockchain built from the ground up to decentralize social media and scale storage-heavy applications to billions of users. It raised $200 million and is backed by Sequoia, Andreessen Horowitz, Coinbase Ventures, Social Capital, Polychain Capital, Winklevoss Capital, Pantera, and other blue chip funds.
Check out the full roadmap and claim your username.
Contact
Growth Marketing Lead
Ash
[email protected]
Abu Dhabi, Abu Dhabi, 13th February, 2023, Chainwire
Venom Foundation, the first Layer-1 blockchain licensed by the Abu Dhabi Global Market (ADGM), has announced a partnership with DAO Maker, a leading blockchain growth solutions provider known for their Launchpad, to incubate promising Web3 startups focused on delivering real-world use cases.
DAO Maker will actively assist in the development of the Venom ecosystem and contribute to the success of projects within the Web3 space. With DAO Maker’s support, Venom is confident that it will enable developers to make valuable contributions to the ecosystem and accelerate the growth of its community.
Venom Foundation and DAO Maker will actively incubate new projects through the Venom Launchpad. The Venom Launchpad will give promising Web3 projects and developer teams a unique opportunity to receive resources, guidance, and exposure from some of the most prominent players in the industry. It will leverage the combined expertise of DAO Maker and Venom Foundation to support startups in a wide range of areas including strategic planning, marketing and brand building.
Peter Knez, Chair of the foundation council at Venom Foundation, commented, “At Venom, we are dedicated to pioneering innovation in the blockchain industry. Our partnership with DAO Maker is a testament to this as we incubate promising Web3 startups and bring real-world use cases to life. We are proud to be a part of this exciting collaboration and eagerly anticipate its impact on the industry.”
Christoph Zaknun, CEO of DAO Maker, said, “DAO Maker is excited to partner with Venom Foundation to incubate promising Web3 startups. Our expertise in growth technologies and funding frameworks will support the development of the Venom ecosystem. I am honored to take on an advisory role within the Venom Foundation team and look forward to building the future of blockchain together.”
The partnership extends to the integration of the Venom blockchain and Venom Wallet in DAO Maker’s Launchpad. DAO Maker’s Launchpad with its well-known exposure and access to a wider audience for blockchain projects will assist Venom in continuously pushing the boundaries of innovation within the industry.
DAO Maker CEO Christoph Zaknun named advisor to Venom Foundation
Christoph Zaknun, who founded DAO Maker in 2018 and serves as its CEO, is taking on an active role as an Advisor to the Venom Foundation team. With an extensive amount of experience in helping projects raise funds since 2017, Mr. Zaknun will bring valuation insights and expertise to Venom.
DAO Maker provides growth technologies and authentic funding frameworks for startups, with the aim of reducing investors’ risks. It offers various key solutions for community incubation, fundraising, and growth-related tokenized businesses. In doing so, DAO Maker has established itself as a leading provider of growth technologies and investor risk reduction services.
This extensive collaboration highlights both DAO Maker’s and Venom’s commitment to innovation and their continuous dedication to helping promising new projects succeed in the blockchain space.
About DAO Maker
DAOMaker, is an organization that provides growth technologies and authentic funding frameworks for startups, with the aim of reducing investors’ risks. DAOMaker offers various key solutions for community incubation, fundraising, and growth-related tokenized businesses. In doing so DAOMaker has established itself as a leading provider of growth technologies and investor risk reduction services.
For more information, visit: Website | Twitter | Discord
About Venom Foundation
Venom is the world’s first layer-1 blockchain licensed by the Abu Dhabi Global Market. The decentralized network operates under the jurisdiction of the ADGM, with a license to issue utility tokens. The ADGM is an oasis for investors and financial services firms, positioning Venom as the world’s first compliant blockchain, affording authorities and enterprises the freedom to build, innovate, and scale.
A portfolio of in-house dApps and protocols has been developed on the Venom blockchain by various companies. It now harbors the potential to become a bridge for the adoption of CBDCs in the Middle East, North Africa, and worldwide.
For more information about Venom Foundation, visit: Website | Twitter
Contact
Adam Newton
[email protected]
A prominent cryptocurrency investor has stated that Bitcoin (BTC) and rising altcoins are sound purchases.
Arthur Hayes wrote in a blog post that his previous risk-averse position on cryptocurrency investments had changed and he had become more bullish on some BTC purchases.
JAYPOW is up to speak today. He ain’t ready to stop the bull market. “Be Present” is my essay on why I have started to buy $BTC. Yaaaarrrr!!!!https://t.co/SzwusFRSI5 pic.twitter.com/2iZtuAFU19
— Arthur Hayes (@CryptoHayes) February 7, 2023
He stated that ongoing economic issues at the United States Federal Reserve forced him to avoid risky assets. Federal rate hikes aimed at slowing rampant inflation have triggered rises in cryptocurrency investment activity, he stated.
The BitMEX co-founder said in his post,
“My concerns about this potential outcome, which I handicapped would most likely happen later in 2023, has led me to keep my spare capital in money market funds and short-dated U.S. Treasury bills. As such, the portion of my liquid capital that I intend to eventually use to purchase crypto is missing out on the current monster rally we’re seeing off of the local lows. Bitcoin has rallied close to 50% from the $16,000 lows we saw around the FTX fallout.”
He also predicted that Bitcoin would see additional rises in valuation after 40 percent climb in January.
Liquidity Returns, Debt Ceiling Looms
Despite this, Federal Reserve measures come amid quantitative tightening to remove liquidity from US markets and diminished risk assets. However, the first fiscal half of 2023 will see liquidity return to markets to avoid triggering a debt ceiling crisis, which lawmakers will vote on in the summer, he explained
Treasury General Account (TGA) will eliminate roughly $500 billion USD in cash, which will effectively counteract the Fed’s $100 billion monthly liquidity removals.
He continued: “The TGA will be exhausted sometime in the middle of the year. Immediately following its exhaustion, there will be a political circus in the U.S. around raising the debt limit. Given that the Western-led fiat financial system would collapse overnight if the US government decided to forgo raising the debt ceiling and instead defaulted on the assets that underpin said system, it’s safe to assume the debt ceiling will be raised.”
Time to (Macro) Unwind
Hayes added that he would mostly invest in USD and Bitcoin but would require sufficient timing.
He added: “I’ll deploy over the coming days. I wish my size actually mattered, but it doesn’t — so please don’t think that when this happens, it will have any discernible effect on the price of the orange coin.”
Additionally, altcoins offered opportunities, relying on optimal timing to receive the highest returns.
He concluded: “The key to shitcoining is understanding they go up and down in waves. First, the crypto reserve assets rally — that is, Bitcoin and Ether. The rally in these stalwarts eventually stalls, and then prices fall slightly […] “At the same time, the shitcoin complex stages an aggressive rally. Then shitcoins rediscover gravity, and interest shifts back to Bitcoin and Ether. And this stair-stepping process continues until the secular bull market ends.”
The news comes amid a tumultuous February as Bitcoin surged after the US revealed strong jobs data and modest growth for 2022.
The digital coin skyrocketed past $23,000, indicating the first massive rally since 2020. It also retained its value of around $23,000 amid several interest rate hikes at 25 base-points interest each.
Cryptocurrency trading platform Changelly has launched a massive update to its decentralised finance (DeFi) Swap decentralised exchange (DEX). The changes aim to increase the number of benefits of using DeFi platforms, namely to optimise transaction costs and processing speeds.
With the latest changes, Changelly users can swap “thousands of tokens” across Ethereum, Polygon, Avalance, BNB Smart Chain, Fantom, and Optimism networks.
The new DeFi Swap will function as a liquidity aggregator via its smart router. This will search for optimal swap executions across liquidity providers and suggest measures to conduct transactions.
Users will have access to benefits such as over 3,500 DeFi tokens, beneficial rates, and growing liquidity sources with over 100 connected DEXs.
Still plenty of time left to participate in the event and potentially win some USDT 🚀🎁 https://t.co/vdjESPhG5b
— Changelly (@Changelly_team) February 9, 2023
To promote the update, the crypto platform will offer prizes of a share of 100 Tether (USDT) by completing DeFi swaps by 13 February. The user with the largest transaction by volume will also receive 100 USDT.
The news comes after Changelly introduced its DeFi Swap in September last year to optimise cryptocurrency transactions. The initiative, powered by Yet Another DeFi (YAD), uses its Smart Router options to provide optimised rates.
Reports have found that Alameda Research-linked wallets reactivated this week to transfer millions in FTX native tokens to several addresses.
Despite filing for Chapter 11 bankruptcy in mid-November, Alameda’s brokenfish.eth wallet address sent roughly $2 million USD in FTT tokens. An unknown source sent the funds from its BentoBox smart contract.
The smart contract is the central vault system for SushiSwap’s ecosystem, which disgraced former FTX chief Sam Bankman-Fried has remained associated with since 2020. Despite SBF’s involvement in the SushiSwap acquisition, he said in September 2020 he had nothing to do with building the platform.
Bankman-Fried later acquired the protocol the same year. Reports also found that his Alameda Research 4 crypto wallet contained over 1 million FTT, totalling around $2.3 million USD.
The news comes after the ex-CEO transferred reportedly withdrew a massive $684,000 USD from cryptocurrency wallets to an offshore account.
On-chain data from BowTieIguana found he had withdrawn the funds, violating his terms of bail which prevent spending more than $1,000 USD without court approval.
BitMEX, a cryptocurrency derivatives firm, has found over 13,000 Ordinals non-fungible tokens, indicating a surge in popularity over the digital assets.
According to the company, 13,000 Ordinals had been minted (inscribed) from 14 December to 7 February.
Shortly after the news debuted, markets reported a massive inflow of JPEGs and media assets on Bitcoin totalling 526 megabytes of block space and 6.77 Bitcoin (BTC), it explained.
The transactions indicated a major “hockey stick” curve, or an exponential surge in NFT trading activity on the BTC network.
The news comes after Ordinals sparked anger from Bitcoin enthusiasts, with some stating Ordinals fans were “spamming” the world’s most widely-used blockchain with massive JPEGs.
Ordinals have only reached roughly 3 percent of total Bitcoin transactions this week but took roughly 70 of BTC block space.
According to reports, the Ordinals are relatively new to Bitcoiners, allowing them to attach key metadata and digital assets to BTC to inscribe fresh digital artefacts.
Doing so can reshape how people use the Bitcoin blockchain, opening new use cases for the emerging technology. However, others believe it uses vital space on the blockchain needed for other transactions.
Ho Chi Minh City, Vietnam, 11th February, 2023, Chainwire
AshSwap, the first stable-swap DEX on the MultiversX blockchain (previously Elrond Network), is officially launching on the MultiversX mainnet on February 17. The DEX will seamlessly bridge critical DeFi functions and provide tighter spreads with a fraction of the liquidity on MultiversX.
In November 2021, AshSwap successfully raised $2.5 million in a private sale led by Elrond. The initial offering of ASH tokens on Maiar Launchpad sold out, with 70,000,000 ASH (7% of the total supply) valued at $2.8 million. AshSwap has since released all of its core features, which have been available on MultiversX Devnet since October 2022.
Following more than a year of rigorous testing and development, AshSwap will go live on the mainnet with the following functions:
- Pool V1 (Stable-swap)
- Pool V2 (Non-stable swap)
- Liquidity Provision
- Liquidity Staking (Farming)
- Governance Staking
- Yield Boosting
On and after the launch date, AshSwap will open three pools:
- USDC/UDST/BUSD (Stable-swap)
- ASH/USDT (V2)
- EGLD/BUSD (V2)
AshSwap will launch with Liquidity Provision, a feature that allows users to add liquidity in three available pools and receive LP tokens as receipts. There will also be the option to participate in Yield farming. LPs can stake LP tokens to earn ASH tokens as farming rewards. The distribution to the farms will be decided by the DAO.
By staking ASH in Governance Staking, users receive veASH (voting escrow ASH) in return and unlock multiple benefits. There will also be Emission Voting, giving veASH holders governance control over ASH emissions for each pool. The more votes a pool gets, the more ASH rewards will be allocated. Hence, the APR will be higher for that particular pool, attracting deeper liquidity.
Another core feature: Bribe, it will allow anyone to bribe veASH holders to vote for their farms. For example, if the owner of a project with token AAA wants to increase the liquidity of the pool AAA/USDT on AshSwap, they may provide incentives, called bribes, to encourage more veASH holders to vote for their pool.
AshSwap stands out because it is the first stable-swap DEX on MultiversX. In any blockchain ecosystem, stablecoins typically have a profound effect on yield farming and the borrowing/lending cycles. As a result, a DEX that provides a steady exchange rate is crucial to a flourishing environment.
Neil Nguyen, AshSwap CEO, said: “We have chosen to develop our product on the MultiversX because we think the team has laid out the most compelling vision for onboarding the next billion people into web3, and the technology, development philosophy, achievements, and especially the community, are a strong indication of their ability to execute on that vision.”
AshSwap believes that adding greater DeFi interoperability will boost capital efficiency for liquidity providers and maximize returns over time. That is why the AshSwap team intends to develop more trading products besides stable-swap in the future while still delivering a seamless and user-friendly interface to trade and manage assets.
Additionally, AshSwap’s native token, ASH, is designed to serve the sustainable growth of the protocol with actual use cases and incentivize liquidity providers on the platform.
To celebrate the launch of its stable-swap DEX, AshSwap is hosting a series of incentivized warm-up activities including:
- ASH staking reward pool in which veASH stakers will share a pool of 2,000,000 ASH over 27 days beginning on January 21.
- AshSwap Launch Race, a referral program that awards up to $1,000.
- 250% APY (2.5x) boosted for all pools within 7 days starting from the launch. Enjoy the lucrative APY here.
- Ash Point Custom Quest, three events for users to obtain ASH points by completing the Gleam quest, trading on AshSwap DEX, and staking ASH. The more ASH points you own, the higher your chance of being whitelisted in the upcoming AshSwap airdrop.
More information on these programs can be found here. Join the AshSwap community and participate in the future of decentralized trading today on app.ashswap.io
Website | Discord | Twitter | Telegram | Medium
Contact
Community Manager
Erik Pham
AshSwap
[email protected]
The United States Securities and Exchange Commission (SEC) has slapped cryptocurrency trading platform Kraken with an investigation over alleged unregistered securities sales.
Bloomberg reported on Wednesday that the SEC had reached an advanced stage, potentially leading to a settlement with Kraken in the next few days.
The news comes after SEC chairman Gary Gensler stated that companies conducting cryptocurrency transactions must register with the regulator.
In a September statement to Reuters, Kraken’s newly-appointed chief executive, Dave Ripley, said the exchange did not plan to register with the organisation or delist cryptocurrencies designated by the SEC as securities.
The news comes after the US Treasury Department’s Office of Foreign Assets struck a deal with the San Francisco-based exchange. Kraken paid $362,000 in a civil liability settlement over alleged Iranian sanctions violations. It also was forced to invest a further $100,000 USD in compliance controls.
Previously, Kraken rejected requests from regulators to block digital wallets for Russians amid the ongoing Russo-Ukrainian war. Former co-founder Jesse PJowell stepped down shortly after, with Ripley stepping into the role shortly after.
Courts have found a former Coinbase Global Inc product manager guilty of insider crypto trading in the first case of its kind, lawyers revealed.
Ishan Wahi pleaded guilty to two charges of conspiracy to commit wire fraud. This comes just after he initially pleaded not guilty in previous hearings.
Wahi shared confidential information Nikhil Wahi, his brother, and Sameer Ramani, a mutual friend of the two. The information contained confidential information about upcoming announcements of digital asset set to trade on Coinbase.
“I knew that Sameer Ramani and Nikhil Wahi would use that information to make trading decisions. It was wrong to misappropriate and disseminate Coinbase’s property,” Wahi said at the federal court hearing.
Authorities charged both Nikhail Wahi and Sameer Ramani with acquiring digital assets via Ethereum-backed wallets. The two suspects traded roughly 14 times using embargoed Coinbase announcements from June 2021 to April last year, reports showed.
In September, Nihil Wahi pleaded guilty to conspiracy to commit wire fraud. Authorities sentenced him to 10 months in jail in January.
Regarding Ishan Wahi, he faces a further sentencing hearing in US district courts in January. He is expected to serve from 36 to 47 months in prison as outlined in his plea deal, prosecutors said.
Coinbase and Cooperation
Coinbase is the world’s second-largest exchange by volumes and has cooperated with prosecutors on an internal probe. Authorities, including those in the US Securities and Exchange Commission (SEC) are determining whether the digital assets were securities.
Coinbase has remained compliant with global regulators amid the bear market in 2022. Germany’s Federal Financial Supervisory Authority ordered Coinbase to set up a German division due to alleged business organisation violations. The watchdog cited the German Banking Act and demanded Coinbase Germany to provide audit certificates for annual accounts when requested.