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The Unchained Web Daily Crypto News #28

Alexandros Dolgov CBA? (Study/Bitcoin)

发布日期: 2023年3月28日

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42EkgN23XZoLJXrgMJjrRM7jYpmirk1WvWUWc2SDF6kZAXVzHMGy5XB8JM8Vce3iHGKh9H8ACWF9J6ErrfKCP48mL2yeWcw

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Reclaim (some) Privacy Webinar Series: Intro to SearXNG & other privacy engines

In April, I am planning my first webinar in a series focused on privacy. The specific webinar will be focused on why Google may not be the best search engine to use and the SearXNG meta search engine and how it can be used to enhance privacy when using a search engine to research or find something to one's interest.

If you are interested in the topic, feel free to click "attend" on the link to the event below: https://www.dhirubhai.net/events/7167975601373458433/about/

How US Regulators Are Choking Crypto in Wake of Banking Collapses

The democratic USA's financial regulators are stifling the crypto industry, according to industry executives, with fears that Congress is being circumvented and unelected officials are making major policy decisions about the industry. They say that the U.S. is at risk of closing off the banking system to those that are disfavored by the current administration. Meanwhile, a lawsuit targeting Binance has resulted in a 2.6% decline in total market capitalization, leading to concerns that the U.S. is ramping up its war on crypto and innovation. More information here.

MakerDAO Makes First Steps Toward Endgame

The MakerDAO community governance has approved the Maker Constitution, which is the first step towards the Endgame plan. Endgame is a roadmap designed to decentralize governance at MakerDAO and improve DeFi innovation. The Maker Constitution is made up of 11 articles and 12 scope frameworks and includes a set of 14 Maker Improvement Proposals (MIPs) designed collectively to create rules and corresponding frameworks that will eventually enable the launch of Endgame. The constitution will implement changes at MakerDAO, such as creating a purpose system to enable token allocations to SubDAOs and introducing a standardized and regulated application to align voter incentives and prevent voter manipulation. While 76% of delegates voted in favor of the proposal, some members voted against it, citing concerns about certain aspects of the constitution. Endgame has been in talks since May 2022, and the recent approval marks a significant milestone in the protocol's decentralization efforts. More information here.

Binance, CEO Zhao Sued by CFTC Over 'Willful Evasion' of U.S. Laws, Unregistered Crypto Derivatives Products

The U.S. Commodity Futures Trading Commission (CFTC) has filed a lawsuit against Binance and its founder, Changpeng Zhao, alleging that the crypto exchange knowingly offered unregistered cryptocurrency derivatives products in the United States. The lawsuit accuses Binance of violating several laws, including those surrounding futures transactions, offering illegal off-exchange commodity options, failing to register as a futures commissions merchant, poorly supervising its business, and having a poor anti-evasion program. The CFTC alleges that Binance directed employees to spoof their locations through the use of virtual private networks and allowed customers to use VPNs to evade restrictions. The suit seeks to enjoin Binance from further violations of the Commodity Exchange Act, as well as civil monetary penalties, trading and registration bans, and disgorgement. More information here.

EU Money Laundering Law Won’t Prevent Crypto Payments, Damien Careme Says.

New anti-money laundering rules being discussed by the Economic and Civil Liberties Committees of the European Parliament will not block cryptocurrency transactions, even if they are not identifiable, said French lawmaker from the Green Party Damien Carême, who is one of the two lawmakers responsible for negotiating the law on behalf of the parliament. “We are absolutely not preventing crypto transactions,” told reporters. “It’s just when identification isn’t possible.” The new rules are set to limit payments made from self-hosted wallets where it isn’t possible to identify the payer to €1,000 ($1,080). In a draft last year, the Council sought to prevent banks or crypto providers from handling?cryptocurrencies that guarantee anonymity?– but Carême said a ban on the likes of Dash, Monero and Zcash wasn’t needed as they were already outlawed by the EU’s Markets in Crypto Assets regulation (MiCA). Let us see how they manage to enforce this. Here, the EU shows its hypocrisy and authoritarianism again by unsuccessfully trying to restrict an open and borderless technology. More information here.

Ticketmaster Pilots NFT Pre-Sale Ticket Features for Avenged Sevenfold Tour

Ticketmaster is experimenting with NFTs for exclusive event access and discounts. The company has integrated cryptocurrency wallets for the Avenged Sevenfold tour to provide perks to selective users, with fan club holders having priority access to tickets and allocated seating without queues. The Deathbats Club reportedly has a collection of 10,000 NFTs on the Ethereum blockchain, and reports suggest that holders have already been able to purchase early access tickets to concerts in New York City and Los Angeles. While some have praised the initiative, others have criticised Ticketmaster for monopolistic practices. Click here for more information.

Binance CEO Responds to ‘Unexpected and Disappointing’ CFTC Lawsuit

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Changpeng Zhao, the CEO of Binance, has responded to the accusations made by the US Commodity Futures Trading Commission (CFTC) in a recent lawsuit against his firm, which accuses him of insider trading and evading KYC controls. Zhao has refuted the allegations, claiming that the complaint appears to contain an incomplete recitation of facts and that he does not agree with the characterisation of many of the issues alleged in the complaint. In addition, he states that Binance does not trade for profit or manipulate the market and that it was the first global exchange to implement a mandatory KYC program. However, the market has reacted negatively to the news, with $30bn leaving the space over the past 12 hours, dropping total market capitalisation to $1.17tn. More information here.

7 details in the CFTC lawsuit against Binance you may have missed

The U.S. Commodity Futures Trading Commission (CFTC) has accused Binance and CEO Changpeng Zhao of insider trading, lack of compliance efforts, obscuring the location of its executive offices, and evading KYC controls. Binance has denied many of the allegations. The CFTC has labeled Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Tether (USDT), and Binance USD (BUSD) as commodities, in contrast to assertions by the Securities and Exchange Commission (SEC) chief Gary Gensler. Binance's VIP program with preferential rates and perks has been scrutinized by the regulator. The CFTC is seeking monetary penalties, disgorgement of any trading profits, salaries, commissions, loans, or fees gained from their purportedly wrongful actions, along with paying penalties to resolve the investigations. Click here for more information.

UK Treasury drops plans for Royal Mint NFT

The UK government has scrapped plans for a "government-backed NFT for Britain," initially proposed by Prime Minister Rishi Sunak. Sunak had asked the Royal Mint to create the NFT in April 2022 as part of the UK government's plan to become a global hub for crypto-asset technology and investment. However, the project failed to meet its deadline and will not proceed at this time. The concept was vague, and it was not clear what the NFTs would do or how they would be used. More information here.

Do Kwon registered a company in Serbia for $1 amid Interpol red notice

Terraform Labs co-founder Do Kwon established a company in Serbia, named "Codokoj22 d.o.o. Beograd," weeks after being flagged with an Interpol "red notice" for allegedly using forged Costa Rican travel documents. According to the Serbian Business Registry, Kwon set up the company in October 2022 for $0.92 and listed consultancy services as its main business activity. Kwon allegedly contracted a Serbian law firm, Gecic Law, to represent him. While Kwon is the company's sole owner, Han Chang-Joon, the former CEO of Chai Corporation, is reportedly listed as a co-director. Last week, Kwon and Han were arrested in Montenegro for allegedly using forged travel documents. Click here for more information.

Do Kwon to reportedly appeal against court’s decision to extend detention

Do Kwon, Terraform Labs co-founder, will appeal the Montenegrin court’s decision to extend his detention time for up to 30 days following his arrest after trying to fly to Dubai with fake documents. The extension was approved due to the high possibility of an escape, with the court deeming Kwon a foreign national whose identity was not clearly identified. US prosecutors have also charged Kwon with fraud in a New York court. Kwon has been suspected of moving between Singapore, Dubai, and Serbia by South Korean authorities since the collapse of the Terra ecosystem. More information here.