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The Unchained Web Daily Crypto News #76

Alexandros Dolgov CBA? (Study/Bitcoin)

发布日期: 2023年6月13日

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Monero Wallet Address:

42EkgN23XZoLJXrgMJjrRM7jYpmirk1WvWUWc2SDF6kZAXVzHMGy5XB8JM8Vce3iHGKh9H8ACWF9J6ErrfKCP48mL2yeWcw

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BNB & BRC-20 Address: 0xD16429e3F253f50CfF306B2bE8966ce935332116

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/

Apple will remove Damus app unless it drops Bitcoin tipping feature

Apple has issued a warning to Damus, a decentralized social media app, stating that the app will be removed from the App Store if it does not comply with Apple's guidelines within 14 days. The warning specifically pertains to Damus' "zaps" feature, which allows users to earn bitcoin on posts. Apple insists that if the app allows users to send tips associated with receiving content, it must use in-app purchases. Damus has stated that it will likely remove the zaps feature to stay on the App Store, but if it doesn't comply, the app will be removed. Damus argues that it doesn't sell digital goods and that the feature is simply for facilitating peer-to-peer transactions. If Apple removes Damus, it could hinder bitcoin applications that are trying to innovate on the Lightning network. Damus is built on the Nostr protocol, a decentralized social network protocol supported by Jack Dorsey, the former CEO of Twitter. Click here for more.

Uniswap Labs Releases Its Plan for Uniswap v4, Invites Community Feedback

Uniswap Labs, the team behind the decentralized finance (DeFi) platform Uniswap, has announced its plans for the next version of its exchange, Uniswap v4. The team is seeking community feedback before the public launch, emphasizing the platform's dedication to decentralization. This is in contrast to centralized exchanges like Coinbase and Binance, which are currently facing lawsuits from the SEC. Uniswap popularized automated market makers (AMMs) that enable cryptocurrency trades without intermediaries. Uniswap v3, the current version, is the largest decentralized exchange in terms of trading volume. Uniswap v4 will introduce new features such as "hooks" and custom liquidity pools, enabling on-chain limit orders and dynamic fees. It also aims to improve performance, reduce fees, and lower the network gas fees required for listing new pools. Uniswap Labs is using the Business Source License 1.1 for licensing, delaying competitors from using its codebase. The release of Uniswap v4 is expected to take several months. By seeking public feedback, Uniswap Labs aims to adopt a more decentralized development model while regulators scrutinize centralized competitors like Coinbase and Binance, which operate on traditional servers instead of blockchains. Click here for more.

Board member Yat Siu answers community concerns on ApeCoin DAO salary payouts

The leaders of the ApeCoin decentralized autonomous organization (DAO) have faced criticism from community members for their perceived high salaries. An organizational chart published on Twitter revealed monthly salaries ranging from $7,000 to $75,000 for various leadership roles within the DAO. Community members expressed shock and raised concerns about the justification for these salaries. One user described the salaries as "insane" and questioned the purpose of the "special council" earning $20,000 per month. Another community member noted that while some roles could potentially justify the salaries, paying $100,000 to moderate a forum and supervise seemed excessive. The salaries were labeled as "insanely out of touch" and those responsible for the decision were accused of being "disconnected from reality." In response, an ApeCoin DAO board member defended the compensation, stating that it corresponded to the responsibilities and liabilities of the roles. They compared it to executives in mid-cap companies and emphasized the importance and duty of care associated with serving a multi-billion dollar DAO. The board member also highlighted that DAOs offer opportunities for individuals with unconventional backgrounds to excel. Click here for more.

Sam Bankman-Fried's Bahamas Litigation May Take ‘Months or Years,’ His Counsel Says

Legal proceedings against FTX founder Sam Bankman-Fried, who is facing charges of wire fraud and money laundering, could be significantly delayed if additional charges are added, according to his lawyers. The lawyers argue that adding charges after Bankman-Fried's extradition from the Bahamas could breach the treaty between the two countries, allowing him to contest the charges in overseas courts. Bankman-Fried's defense has been bolstered by a recent U.S. Supreme Court case that narrowed the scope of federal fraud laws. His lawyers claim that the arguments that he defrauded a bank and his hedge fund's lenders are weakened by this case law. The defense also states that the lenders still have the opportunity to pursue their rights in the FTX bankruptcy proceedings. The U.S. government contends that it has jurisdiction to add charges and can seek permission from the Bahamas to do so based on the impact of Bankman-Fried's actions on U.S. crypto markets. Click here for more.

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‘All of the SEC’s claims fail’ — Binance.US rebuts motion to freeze funds

Binance.US has filed a motion asking the court to reject the Securities and Exchange Commission's (SEC) proposed temporary restraining order against its assets, claiming that it would effectively shut down its business. The filing criticized the SEC's emergency motion as "draconian and unduly burdensome." Binance.US argued that the restraining order would harm its customers, put its trading services entity BAM Trading Services out of business, and prevent it from defending itself in the litigation. The filing also disputed the SEC's claims, stating that the regulator has not identified a single security trading on BAM's platform. Binance.US emphasized its cooperation with the SEC's investigation and the absence of mishandling or misuse of customer assets. The SEC launched legal action against Binance and its affiliates, accusing them of securities law violations, including failure to register as a securities exchange. The SEC also alleged that Binance CEO Changpeng Zhao had access to customer funds and moved billions of dollars through a privately controlled entity. Click here for more.

Jump Trading seeks to move Terra class-action lawsuit to California

Jump Trading, an algorithmic and high-frequency trading firm, is seeking to have a class-action lawsuit against the company moved from Illinois to a court in northern California. The lawsuit, filed by Taewoo Kim on behalf of others affected by the collapse of the Terra/Luna ecosystem, alleges that Jump Trading and its CEO were involved in a price manipulation scheme related to the TerraUSD stablecoin. The defendants argue that the choice to file the suit in Illinois was an attempt at forum shopping, as the main plaintiff is from New Jersey and represented by law firms from New York and California. They claim that there is no compelling connection to Illinois, and most relevant witnesses and documents are located elsewhere. The defendants also mention a separate ongoing suit in California and propose consolidating or coordinating both cases. The TerraUSD/LUNA project collapsed in May 2022, and its founder, Do Kwon, was arrested in Montenegro. Click here for more.

Ripple CEO: Hinman docs are ‘well worth the wait’

Ripple CEO Brad Garlinghouse has suggested that the unsealing of the Hinman documents, which contain internal SEC messages related to a 2018 speech by former SEC Director William Hinman, will be worth the 18-month fight to get them revealed. The documents are believed to provide further insight into the legal status of Ripple's XRP token. Ripple has been facing a lawsuit from the SEC since December 2020, alleging that the sale of XRP represented an unregistered securities offering. The unsealing of the documents comes at a turbulent time for the crypto industry, with the SEC also seeking to freeze the assets of Binance.US. Click here for more.

Bank of China issues $28M in digital structured notes on Ethereum blockchain

Bank of China's investment bank subsidiary BOCI has announced the issuance of digital structured notes worth 200 million Chinese yuan ($28 million) on the Ethereum blockchain, making it the first Chinese financial institution to issue a tokenized security in Hong Kong. UBS, an investment banking company, assisted in originating the product for placement in the Asia-Pacific region. BOCI aims to simplify digital asset markets and products for customers in the region through the development of blockchain-based digital structured products. UBS has been expanding its tokenization efforts across various financial products. This development comes as Hong Kong is actively participating in the blockchain industry and working towards establishing a stablecoin regulatory framework within a year. Click here for more.