The Unchained Web Daily Crypto News #80

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Monero Wallet Address:

42EkgN23XZoLJXrgMJjrRM7jYpmirk1WvWUWc2SDF6kZAXVzHMGy5XB8JM8Vce3iHGKh9H8ACWF9J6ErrfKCP48mL2yeWcw

Bitcoin Wallet Address: bc1q4283c60tv2p7exfeu2ql7dk2n7utswgl43n2fk

ETH & ERC-20 Address: 0xD16429e3F253f50CfF306B2bE8966ce935332116

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/

Charles Hoskinson embarks on ocean expedition to search for alien technology

Charles Hoskinson, the founder of Cardano, has provided funding for an expedition led by Harvard astronomer Avi Loeb to recover potential alien technology from the Pacific Ocean. The expedition aims to retrieve fragments of an interstellar meteor that fell in 2014, which Loeb believes may have originated from a distant technological civilization. Hoskinson's investment in the expedition comes as a welcome distraction from recent regulatory issues faced by Cardano. In addition to the alien technology expedition, Hoskinson has also invested in a startup called Colossal Biosciences, which focuses on bringing back extinct animals such as the woolly mammoth, Tasmanian tiger, and dodo. Hoskinson's private jet has played a significant role in facilitating these ventures, allowing him to network with influential individuals and conduct business. The expedition has the potential to shed light on the existence of intelligent life beyond Earth, and its success could uncover valuable insights about the universe. More information here.

Binance gets shut down in Nigeria — but it’s the wrong Binance

Nigeria's Securities and Exchange Commission (SEC) has banned Binance Nigeria Limited, a separate entity from Changpeng Zhao's Binance crypto exchange, from soliciting crypto investments. The Nigerian SEC circular caused confusion, leading to reports that the real Binance had been banned. However, Binance clarified that it has no affiliation with Binance Nigeria Limited. The entity in question had registered the name hoping to sell it to Binance if the exchange decided to establish a presence in Nigeria. The person responsible for registering Binance Nigeria Limited confirmed that the company is not affiliated with Binance and expressed willingness to hand over control to Binance if they legally enter the Nigerian market. Nigeria has a significant crypto user base due to inflation and stringent forex controls, and Binance remains popular for peer-to-peer crypto trading in the country. Click here for more.

Binance CEO CZ deems SEC’s request for emergency relief unwarranted

Binance CEO Changpeng Zhao, also known as CZ, expressed relief and happiness as the company successfully resolved its dispute with the United States Securities and Exchange Commission (SEC). The regulatory uncertainty had created a tense period for Binance, but the resolution allows the company to move forward without hindrance. The resolution was approved by Judge Amy Berman Jackson, and it requires Binance to repatriate all fiat currency and cryptocurrency assets associated with Binance.US. The agreement also imposes restrictions on Binance global officials regarding access to wallets. Despite the challenges, CZ emphasized Binance's dedication to ongoing operations and the safety of user funds. Additionally, Binance's BNB Smart Chain is exploring the development of a layer-2 blockchain scaling solution. Click here for more.

Crypto Detective ZachXBT Faces Defamation Lawsuit

NFT trader MachiBigBrother, also known as Jeffrey Huang, has filed a lawsuit against ZachXBT, an independent blockchain detective. The lawsuit, filed in a Texas court, accuses ZachXBT of defamation and causing reputational and monetary harm by publishing a report alleging that Huang embezzled millions of dollars worth of cryptocurrency. ZachXBT had accused Huang of manipulating crypto markets and embezzling 22,000 ether. In response, ZachXBT called the lawsuit a "David and Goliath story" and expressed concerns about the high legal costs involved. Huang's lawyer has not commented on the lawsuit, and ZachXBT intends to continue his investigative work while defending himself. ZachXBT gained popularity for exposing misdeeds in the crypto space through blockchain data analysis and has a large following on Twitter. Click here for more.

CZ, Powell and more rally to fund legal fees for on-chain sleuth ZachXBT, surpassing $1M

Blockchain investigator ZachXBT has received over $1 million in donations from the crypto community within 24 hours to cover his legal fees in a defamation lawsuit. ZachXBT is facing a legal dispute with Jeffrey Huang, also known as MachiBigBrother, who filed a defamation lawsuit accusing ZachXBT of damaging his reputation with false allegations. ZachXBT had published an article in June 2022 accusing Huang of launching failed pump and dump tokens and NFT projects. In response, ZachXBT called the lawsuit baseless and set up a donation wallet for his followers to support him. Prominent figures in the crypto industry, including CZ from Binance and Jesse Powell from Kraken, donated to ZachXBT and praised his work. Within a day, ZachXBT surpassed the $1 million mark in donations. ZachXBT's investigative research was previously utilized by French authorities in charging individuals suspected of stealing $2.5 million worth of NFTs through phishing scams. Click here for more.

Binance sends cease and desist notice to fraudulent Nigerian entity

Binance CEO Changpeng Zhao has announced that Binance has issued a cease and desist notice to Binance Nigeria Limited, a fraudulent entity that the Nigerian Securities and Exchange Commission (SEC) deemed illegal. Binance clarified that the entity mentioned in the SEC's circular is not affiliated with the company and expressed its intention to seek clarity from the Nigerian SEC. However, Binance is also facing a lawsuit from the United States Securities Exchange Commission (SEC), which has filed multiple charges against Binance and Zhao, including operating as an unregistered exchange and misrepresenting trading controls. In a recent development, a U.S. judge approved an agreement between Binance.US, Binance, and the U.S. SEC, resulting in the dismissal of a previous temporary restraining order. Binance is registered in the Cayman Islands and has a subsidiary in Seychelles. Click here for more.

Tether responds to account deactivation controversy, raises compliance checks

Tether, the company behind the stablecoin Tether (USDT), has responded to concerns raised about its operational decisions. According to documents from the New York Attorney General (NYAG), Tether deactivated around 29 accounts of prominent cryptocurrency players in 2021. While the reasons for the terminations were not disclosed, Tether stated that all individuals had undergone compliance checks and monitoring as per the company's policies. Among the deactivated accounts were MoonPay, BlockFi, CMS Holdings, and Galois Capital. The NYAG investigation into Tether and Bitfinex concluded with a settlement, in which Tether agreed to pay a penalty and halt trading activities in New York. Despite objections from Tether, the NYAG allowed media outlets access to the documents, revealing the deactivation of various company accounts. Click here for more.

Crypto payments platform Wyre shutters, citing bear market conditions

Wyre, a San Francisco-based crypto payments firm, has announced its shutdown after nearly 10 years of operation. The company cited financial challenges during the bear market as the reason for winding down. The decision was made to protect the best interests of stakeholders and customers. Wyre assured customers that their assets would remain secure and provided a withdrawal process until July 14th. The firm also mentioned that its assets are up for sale and interested parties can contact 88 Partners. Wyre had faced setbacks, including the cancellation of an acquisition by Bolt and withdrawal limits imposed and lifted earlier this year. The shutdown of Wyre adds to a growing list of crypto and blockchain companies that have succumbed to the pressures of the bear market. Click here for more.

If you enjoy and find value in the newsletter, please feel free to donate for its upkeep and independent nature as much as you think is fair:

Monero Wallet Address:

42EkgN23XZoLJXrgMJjrRM7jYpmirk1WvWUWc2SDF6kZAXVzHMGy5XB8JM8Vce3iHGKh9H8ACWF9J6ErrfKCP48mL2yeWcw

Bitcoin Wallet Address: bc1q4283c60tv2p7exfeu2ql7dk2n7utswgl43n2fk

ETH & ERC-20 Address: 0xD16429e3F253f50CfF306B2bE8966ce935332116

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/

Brought to you by Alexandros Dolgov CBA? (Study/Bitcoin)