Elon Musk Says Apple Has Threatened to Withhold Twitter From App Store as Battle for Free Speech Escalates

Tech giant Apple has threatened to withhold Twitter from its app store, according to Tesla CEO and Twitter chief Elon Musk. The billionaire added: “This is a battle for the future of civilization. If free speech is lost even in America, tyranny is all that lies ahead.”

Apple’s Threat to Musk and Twitter

The battle for free speech has escalated for Elon Musk and his newly acquired social media company as Apple has threatened to withhold Twitter from its app store, Tesla CEO and Twitter chief Elon Musk revealed Monday, noting that Apple will not say why.

In a follow-up tweet, Musk confirmed that Apple is “making moderation demands.”

According to reports, Apple was one of Twitter’s top advertisers, spending more than $100 million per year advertising on the social media platform. However, Musk tweeted Monday:

Apple has mostly stopped advertising on Twitter. Do they hate free speech in America?

Replying to Musk asking who else has been withheld by Apple, blockchain firm LBRY shared: “During Covid, Apple demanded our apps filter some search terms from being returned. If we did not filter the terms, our apps would not be allowed in the store. Apple may make good products, but they have been opposed to free speech for some time.” The company added, “Apple disallowed almost anything related to Covid, especially vaccines or human origins of the virus,” elaborating:

We had to build a list of over 20 terms to not show results for, only on Apple devices. Apple also later rejected us because users included Pepe images in videos.

In addition, Musk tweeted: “Did you know Apple puts a secret 30% tax on everything you buy through their App Store?” According to Apple’s website, the company takes a 30% “processing” fee from all sales made through its in-app purchase system.

As the free speech discussion intensified, a Twitter user warned Musk: “Is this really a fight we want to pick? An awful lot of your Tesla customers use iOS to access their cars … if that app gets pulled, it’ll significantly impact your ability to sell to Apple customers.” Musk replied: “Are you suggesting Apple would use its duopolist powers to hurt Tesla?”

Battle for Free Speech Intensifies

As the free speech discussion deepened, Musk tweeted that if free speech is lost in the U.S. then tyranny is all that lies ahead, stressing that this is a battle for the future of civilization.

The Tesla executive asked in another tweet: “Why are so many in the media against free speech? This is messed up.”

Many people joined in the free speech thread. “Monopolies should be subject to the same limits we placed on our government in the Bill of Rights,” the pro-bitcoin CEO of Microstrategy, Michael Saylor, opined. “Make no law abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.” Musk agreed, tweeting: “Absolutely, especially if done in collusion with the government.”

Musk said Friday that he will make an alternative phone if Apple and Google boot Twitter from their app stores.

What do you think about Apple threatening to withhold Twitter from its app store and Elon Musk’s fight for free speech? Let us know in the comments section below.

from Bitcoin News

Veteran Investor Mark Mobius Expects Bitcoin Price to Fall to $10,000

Veteran investor Mark Mobius, the founder of Mobius Capital, expects the price of bitcoin to fall to $10,000. Nonetheless, he said: “Crypto is here to stay as there are several investors who still have faith in it.”

Mark Mobius’ Bitcoin Price Prediction

The founder of Mobius Capital Partners, Mark Mobius, shared his latest bitcoin price prediction in an interview with Bloomberg Monday.

Prior to starting his own company, Mobius spent more than three decades at Franklin Templeton Investments. He previously served as the executive chairman of Templeton Emerging Markets Group where he managed more than $50 billion in emerging markets portfolios.

The veteran investor said that his next target for bitcoin is $10,000, noting that cryptocurrencies are “too dangerous” for him to invest his own cash or his clients’ money in.

Despite the collapse of crypto exchange FTX and subsequent market sell-offs, Mobius emphasized:

Crypto is here to stay as there are several investors who still have faith in it … It’s amazing how bitcoin prices have held up.

This was not the first time that the former Franklin Templeton executive mentioned $10,000 as his target for bitcoin’s price. In May, he advised investors against buying the dip, cautioning that the market still had some way to fall. In November last year, he said people should not look at cryptocurrencies as a means to invest but as “a means to speculate and have fun.”

Mobius is not alone in expecting the price of bitcoin to drop to $10,000. Doubleline Capital CEO Jeffrey Gundlach, aka the bond king, said in June: “I wouldn’t be surprised at all if it [bitcoin] went to $10,000.” Gold bug and economist Peter Schiff said this month that bitcoin still has a long way to fall. He valued BTC at $10K. Moreover, a recent Bloomberg MLIV Pulse survey showed that the majority of nearly 1,000 investors who responded expect bitcoin’s price to drop to $10K.

Meanwhile, some people are still very optimistic about the price of BTC. Venture capitalist Tim Draper, for example, said earlier this month that he expects bitcoin’s price to hit $250K by mid-2023.

Do you think the price of bitcoin will drop to $10K? Let us know in the comments section below.

from Bitcoin News

Kevin O’Leary Reveals How He Almost Secured $8 Billion to Rescue FTX Before It Collapsed

Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has shared how he and Sam Bankman-Fried (SBF) almost raised $8 billion from institutional investors to save crypto exchange FTX before it collapsed. However, when reports emerged of FTX being investigated by several authorities, including the U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC), all interested investors vanished.

Kevin O’Leary Tried to Raise Funds to Save FTX

Kevin O’Leary shared how he tried to save cryptocurrency exchange FTX before it collapsed in an interview with the Insider, published Sunday. O’Leary is a paid spokesperson for FTX and has investments in the company.

Prior to FTX’s bankruptcy filing on Nov. 11, Mr. Wonderful was talking to a number of prospective investors interested in owning a stake in the crypto exchange. Sovereign wealth funds were interested in investing $8 billion to rescue FTX, he told the publication.

Noting that Bankman-Fried called him to discuss the investments, O’Leary shared:

We had a brief conversation. He was very rational. We discussed a few things about, you know, the timing on that $6 billion to $8 billion. But it was enough information for me to go back to the interested sources and confirm the number was eight.

Mr. Wonderful noted that Bankman-Fried said during their call that regulators will “come down hard” on the situation.

However, as reports emerged that the Securities and Exchange Commission (SEC), the Department of Justice (DOJ), and other global regulators were closing in on FTX, rescue offers immediately dried up. O’Leary continued:

All of those interested parties were gone … I texted that back to Sam … and I told him that was not going to be an option.

Nonetheless, O’Leary believes that if a sovereign wealth fund or other buyers had put in roughly $4 billion, then investors would have felt confident in keeping their assets in FTX. “So really what was on the table and being debated all around the world was you could buy a $32 billion asset for $4 billion,” he said.

‘There’ll Be a Mountain of Litigation’

Mr. Wonderful has started moving his assets elsewhere, he revealed, noting that Canada is the only country that offers fully-regulated broker-dealer exchange accounts. “We have confidence that the regulatory environment in Canada scrutinizes accounts that can’t be commingled,” the Shark Tank star opined, adding that he believes the market has not seen the bottom of the FTX fallout yet.

Commenting on the FTX meltdown rattling trust across the crypto sector, O’Leary opined:

There’s a lot of allegations flying around … It’s a difficult situation, there’s no question about it. There’ll be a mountain of litigation.

Despite regulators investigating Bankman-Fried and the crypto industry screaming fraud, O’Leary maintains he’s never met a more brilliant mind when it comes to crypto and blockchain. He described:

He’s a savant … He’s probably one of the most accomplished traders of crypto in the world, and so I was very impressed.

Last week, the Shark Tank star said he would back Bankman-Fried again if he has another venture. This has outraged the crypto industry since most people believe that the former FTX CEO engaged in multiple fraudulent activities.

Like other FTX investors, including the Singapore government’s Temasek Holdings and Ontario Teachers’ Pension Fund, O’Leary is writing down all of his FTX investments. He stated: “I’m writing that all down to zero … It’s not clear what can be recovered.”

What do you think about the comments by Kevin O’Leary? Let us know in the comments section below.

from Bitcoin News

Minimax․Finance Announces the Integration of VERSE DEX

PRESS RELEASE. Minimax.Finance integrated the recently launched VERSE DEX to provide the Minimax community with more options for cost-effective swaps on Ethereum network. VERSE pools are also available at the platform.

The Minimax team has integrated VERSE DEX into Minimax’s swap section; now Minimax users can enjoy all the DEX benefits, including security and the absence of third-party custodians. This integration has been available at Minimax.Finance since its recent launch on Ethereum. This part of the integration will get extended as the VERSE team launches the DEX on more blockchains.

Minimax.Finance Chief Executive Val Hrykyan said, ‘Our goal is to provide the web3 community with a unified interface to make management of web3 portfolio easy and convenient. Therefore, the integration of VERSE DEX is a logical step in this direction.’

About VERSE DEX

VERSE DEX is a decentralized exchange (DEX) which uses an automated market maker (AMM) to facilitate trades in a completely decentralized yet efficient manner. The AMM utilizes smart contracts to create markets for trading pairs of a wide variety of tokens. Liquidity providers supply VERSE DEX with capital, earning yield from the fees paid by people who trade. Verse DEX is derived from the battle tested Uniswap V2 contract, and has been audited by a third-party smart contract auditor. Verse DEX is available on Ethereum and SmartBCH blockchains, but is continuously expanding onto low-fee, high transaction speed blockchains.

Verse DEX aims to bring everyone permissionless and non-custodial trading access, with a special focus on people new to DeFi.

VERSE DEX is focused on offering a DEX that anyone can use. While almost all other DEXs are intimidating to new users, VERSE DEX will be seamlessly integrated into the Bitcoin.com Wallet, giving its millions of users an easy way to use a DEX.

To learn more about VERSE DEX, please visit https://verse.bitcoin.com/.

About Minimax

Minimax.Finance is an interactive web3 marketplace. The platform provides a unified interface for users to get a high-level overview of the web3 space, easily monitor and manage their Web3 portfolio, and at the same to utilize multiple web3 platforms, without having to switch between different apps and blockchains. The Minimax team has already integrated 13 platforms, including Verse DEX, Aave, Yearn, Pancakeswap and others across eight blockchains, with plans to integrate many more soon.

In the near future the team plans to introduce gasless transactions, which will enable users to interact with their favorite apps on multiple blockchains without having to get the native tokens. This will make web3 experience much smoother and reduce multiple routine operations.

Currently Minimax.Finance provides multiple opportunities for staking, yield farming and lending. Support for NFTs, borrowing and other web3 utilities will be added soon. It will be easy for new projects to get listed at our platform.

To learn more about Minimax.Finance, please visit https://app.minimax.finance/.

 

 

 

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This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

from Bitcoin News

Billionaire Bill Ackman Discusses Crypto Regulation — Says Industry Must Self-Police or Risks Being Shut Down

Billionaire Bill Ackman has warned that the crypto industry needs to self-police or it risks being shut down. He added that regulators need more resources to police the bad actors in the crypto space and will likely take years to catch up.

Bill Ackman on Crypto Regulation and the Need for Industry to Self-Police

Billionaire Bill Ackman shared his thoughts on a variety of crypto-related topics, including crypto regulation, in a series of tweets Saturday.

Ackman is the CEO and portfolio manager of Pershing Square Capital Management, a registered investment adviser with the U.S. Securities and Exchange Commission (SEC). His current net worth is about $3.5 billion.

Regarding cryptocurrency regulation, he said: “I am not sure we need new rules. Much of the fraud that is taking place is old-fashioned pump and dump schemes, and failures of custodians to protect customer assets.”

The executive continued: “I suspect that existing anti-fraud and other laws already govern these violations. We just need more enforcement.” Ackman opined:

Regulators need more resources to police the bad actors. Unfortunately, it will likely take years for the regulators to catch up, and they may never get there. The crypto industry therefore needs to self-police and out the bad actors, or it is at risk of being shut down.

The collapse of FTX, a major cryptocurrency exchange, earlier this month has many people calling for tighter crypto regulation.

Some people have stressed that the FTX meltdown is not a crypto failure, including Mark Cuban and Robert Kiyosaki. U.S. Congressman Tom Emmer believes that it is a failure of the SEC, Chairman Gary Gensler, FTX co-founder Sam Bankman-Fried, and centralized finance.

Ackman further described, “Crypto remains the Wild West as the same protections of registered security offerings don’t exist,” elaborating:

Therefore, the character, reputation and track record of the management teams and sponsors of crypto-based businesses are extremely critical in choosing which projects to back.

Last week, the billionaire said: “Crypto is here to stay and with proper oversight and regulation, it has the potential to greatly benefit society and grow the global economy.” He added: “All legitimate participants in the crypto ecosystem should therefore be highly incentivized to expose and eliminate fraudulent actors as they greatly increase the risk of regulatory intervention that will set back the positive potential impact of crypto for generations.”

What do you think about the comments by billionaire Bill Ackman? Let us know in the comments section below.

from Bitcoin News

Coinbase: Institutional Investors Increased Allocations During Crypto Winter, Long-Term Price Outlook Positive

A recent survey sponsored by the Nasdaq-listed crypto exchange Coinbase shows that institutional investors increased their allocations during the crypto winter. The firm emphasized that there is “a strong signal of the acceptance of crypto as an asset class” and “the price outlook over the long term remains positive.”

Coinbase’s Institutional Investor Survey

The Nasdaq-listed cryptocurrency exchange Coinbase published Thursday the findings from a survey it sponsored to understand how decision-makers at U.S. institutions view digital assets. The survey was conducted independently by Institutional Investor Custom Research Lab between Sept. 21 and Oct. 27.

A total of 140 institutional investors in the U.S. participated in the survey, representing about $2.6 trillion in assets under management. Coinbase was not involved in sourcing the respondents.

Coinbase wrote:

Institutional investors increased their allocations during the crypto winter, with many using this as an opportunity to learn and build for the future.

“62% of investors who are currently invested in crypto increased their allocations in the past 12 months (vs. 12% who decreased their allocations). This is evidence that institutional investors have continued to take a long-term view of the asset class even as prices have fallen,” the crypto firm detailed.

In addition, Coinbase shared:

58% of investors expect to increase their allocations over the next three years. A majority of investors (59%) are currently using or planning to use a buy-and-hold approach.

“Overall sentiment towards digital assets has remained positive with 72% supporting the view that digital assets are here to stay (86% among those currently invested in crypto and 64% among those planning to invest),” Coinbase continued, elaborating:

Given the current climate, this is a strong signal of the acceptance of crypto as an asset class.

“While some investors categorize digital assets as either real assets/commodities or as alternative assets, more investors are creating their own category for crypto or classifying crypto as part of innovation or emerging technologies. This is also evidence of a long-term opportunity that may emerge in the future,” Coinbase further described.

Despite crypto winter, Coinbase said institutional investors are still bullish about crypto long-term, stating:

The price outlook over the long term remains positive with 71% of investors saying that they expect digital asset valuations to increase over the long term.

What do you think about these findings by Coinbase? Let us know in the comments section below.

from Bitcoin News

After More Than 380 Days, Crypto Supporters Celebrate Surviving the Second-Longest Bitcoin Bear Market

On Saturday, members of the forum r/cryptocurrency discussed how the current bear market is now the second-longest bear market in the history of bitcoin prices. According to the forum post, the current crypto winter has lasted more than 380 days, just below the longest bitcoin downturn that took place during the 2013-2015 bear market, which lasted 415 days in length.

‘Surviving a Bear Is a Rite of Passage’ — Redditors Discuss Surviving the Second-Longest Bitcoin Bear Run

During the last few months people have been curious about how long the crypto winter will last and on Saturday, Nov. 26, 2022, the Redditor u/partymsl published a forum post on r/cryptocurrency declaring the current downturn as “the second-longest bear market ever for crypto.”

The post’s author notes that this crypto bear market is “likely to be the longest” and stressed that “surviving this [bear market] is no joke.” Moreover, u/partymsl also summarized how the author defines a bear market, and explained that it’s “basically a long period where the price remains significantly below the recent [all-time high].

“With another black swan in crypto and another leg down, this time due to FTX, we are now officially in the second-longest bear market ever, an achievement I do not know whether we should be proud of,” the r/cryptocurrency post’s author notes. “Especially as with the current sentiment globally, this could very well be the most brutal and longest bear market.”

According to the author, the 2018-2019 bitcoin bear market lasted 365 days, and the current downturn is now over 380 days. The Redditor u/partymsl also noted that its “highly unlikely” crypto prices have hit the bottom. Moreover, with 380 days under the belt, the author highlights that the current crypto bear market is getting awfully close to eclipsing bitcoin’s 2013-2015 bear run.

“To become the greatest crypto bear market we are not too far off either, the 2013-2015 bear market took 415 days, which would put us in early January which is very likely to still be in a bear market,” u/partymsl explained on Saturday. The Redditor’s post was a popular one on r/cryptocurrency with 89% upvotes and 514 of them at the time of writing. The author’s two cents also received many comments from fellow Redditors who also discussed the chart u/partymsl shared with the post.

“​​Surviving a bear is a rite of passage. Turns rookies into veterans,” one individual said. “40 thousand people used to post here, now it’s a ghost town,” another person replied referring to r/cryptocurrency’s decline in posts since the bull run. “Quitters never win,” another Redditor snarked. The post’s author reminded crypto bear market survivors that they should be pleased with their determination and making it this far.

“You can soon call yourself a survivor of the most brutal and [longest] crypto bear market in history and that is not easy,” the Redditor u/partymsl concluded. “Millions of people left the markets and we are truly the last ones standing. For coming this far and possibly even further, you all deserve a pat on your back. Well Done.”

What do you think about the current bear run becoming the second-longest downturn and how it could surpass the longest bear run? Let us know what you think about this subject in the comments section below.

from Bitcoin News

Binance CEO: Most Governments Understand Crypto Adoption Will Happen Regardless

Binance CEO Changpeng Zhao (CZ) says that most governments know that crypto adoption will happen regardless of what they do. “It’s better to regulate the industry instead of trying to fight against it,” the Binance executive emphasized.

Binance’s CEO on Crypto Regulation After FTX Collapse

The CEO of Binance, Changpeng Zhao (CZ), talked about cryptocurrency regulation following the collapse of crypto exchange FTX Friday at a Binance event in Athens, Greece.

I think most governments now understand that adoption will happen regardless. It’s better to regulate the industry instead of trying to fight against it.

FTX, a major cryptocurrency trading platform, collapsed and filed for bankruptcy on Nov. 11. An estimated 1 million creditors are facing losses totaling billions of dollars.

Zhao has compared the FTX meltdown to the 2008 financial crisis. He also warned of cascading effects. Nonetheless, he said he expects the crypto industry to recover.

CZ said that this year “was a very nasty year,” elaborating:

The last two months too much has happened. I think now we see the industry is healthier … just because FTX happened it does not mean that every other business is bad.

To restore confidence in the crypto industry, Binance has committed two billion dollars to a crypto industry recovery fund. The exchange provided details of the initiative this week.

Responding to a question about how he sees countries adding cryptocurrencies, such as bitcoin, to their reserves in the future, Zhao said he expects countries without their own currency to lead the trend. He opined, “The smaller countries will start first, I think.”

In September last year, El Salvador became the first country to make bitcoin legal tender alongside the U.S. dollar. Since then, the country has bought thousands of BTC for its Treasury. El Salvador is now buying one bitcoin daily, Salvadoran president Nayib Bukele announced last week.

What do you think about the comments by Binance’s CEO? Let us know in the comments section below.

from Bitcoin News

Singapore Regulator Explains Action Against Binance vs FTX — Warns Even Licensed Crypto Exchanges Can Fail

The Monetary Authority of Singapore (MAS), the regulator overseeing the crypto sector, has defended the action it took against crypto exchange Binance and not the collapsed crypto platform FTX. The central bank also warned that cryptocurrencies are “highly volatile and many of them have lost all value.”

Singapore’s Central Bank Clarifies Its Stance on Binance and FTX

The Monetary Authority of Singapore (MAS), the country’s central bank, issued a press release this week “to address some questions and misconceptions that have arisen in the wake of the FTX.com (FTX) debacle.”

The central bank explained: “A first misconception is that it was possible to protect local users who dealt with FTX … MAS cannot do this as FTX is not licensed by MAS and operates offshore.”

The MAS proceeded to justify the action it took against Binance and not FTX. The former was placed on the central bank’s Investor Alert List (IAL) while the latter was not. The regulator clarified:

While both Binance and FTX are not licensed here, there is a clear difference between the two: Binance was actively soliciting users in Singapore while FTX was not.

The MAS ordered Binance to cease providing payment services to Singapore residents in September last year. A few months later, the crypto exchange shut down its exchange services in the city-state.

“Binance in fact went to the extent of offering listings in Singapore dollars and accepted Singapore-specific payment modes such as Paynow and Paylah,” the central bank stressed, adding that it received several complaints about Binance between January and August 2021. The MAS detailed:

MAS placed Binance on the IAL because it had solicited Singapore users without a licence. Further, on MAS’ referral, the Commercial Affairs Department commenced investigation into Binance for possible contravention of the Payment Services Act (PS Act). There was no reason to place FTX on the IAL as there was no evidence that it had contravened the PS Act.

Commenting on FTX specifically, the regulator noted: “There was no evidence that it was soliciting Singapore users specifically. Trades on FTX also could not be transacted in Singapore dollars. But as in the case of thousands of other financial and crypto entities that operate overseas, Singapore users were able to access FTX services online.”

A recent study indicated that when Binance shut down services in Singapore, its users switched to FTX. Subsequently, more users from Singapore were using the FTX.com website before the exchange collapsed than from any other country, except South Korea.

Singapore’s Central Bank Warns About the Risks of Investing in Crypto

Noting that “The most important lesson from the FTX debacle is that dealing in any cryptocurrency, on any platform, is hazardous” and investors “can lose all their money,” the MAS warned:

Crypto exchanges can and do fail. Even if a crypto exchange is licensed in Singapore, it would be currently only regulated to address money-laundering risks, not to protect investors.

Furthermore, the MAS emphasized: “Cryptocurrencies themselves are highly volatile and many of them have lost all value … The ongoing turmoil in the crypto industry serves as a reminder of the huge risks of dealing in cryptocurrencies.”

Following the meltdown of FTX, Singapore government’s Temasek wrote down its $275 million investment in the crypto company. Singapore has been trying to reduce risks for retail crypto investors with restrictive rules.

What do you think about the clarification by the Monetary Authority of Singapore? Let us know in the comments section below.

from Bitcoin News

10,000 Bitcoin Withdrawn From Wallet of Defunct Crypto Exchange Wex, Former BTC-e

A large amount of cryptocurrency kept in a wallet associated with crypto exchange Wex, successor of the infamous trading platform run by alleged money launderer Alexander Vinnik, has moved for the first time since 2017. The 10,000 bitcoins in question, worth over $165 million, have been transferred to new addresses in several transactions.

Bitcoin Stored in Dormant Wex Wallet Moves for the First Time in Five Years

The unknown holder of a bitcoin wallet linked to the now-defunct Wex, once the largest cryptocurrency exchange in the Russian-speaking market, has withdrawn 10,000 coins. Funds at this BTC address last moved in September 2017, when the same amount was sent out.

Wex was established in that year, following the collapse of BTC-e, which closed down after the arrest in Greece of one of its operators, Alexander Vinnik. The Russian IT specialist, who is currently in U.S. custody, is accused of laundering up to $9 billion through the exchange.

The transfer of the digital money was first noticed by Sergey Mendeleev, founder of cryptocurrency exchange Garantex and CEO of defi banking platform Indefibank. He revealed the discovery on his Telegram channel, according to a report by the leading Russian crypto news outlet Bits.media. The coins moved on Wednesday, Nov. 23.

Several transactions were made, including two likely test transfers of small amounts, before the 10,000 BTC was sent. 3,500 BTC was transferred to one address and 6,500 BTC went to another, likely a change address. The value of the withdrawn cryptocurrency, at the time of writing, exceeds $165 million in fiat equivalent.

Some $450 million was lost when Wex went offline in 2018. The platform is considered the successor of BTC-e, which allegedly processed money from the Mt Gox hack and other cybercrimes. It was operated by World Exchange Services, a company based in Singapore and co-founded by Aleksey Bilyuchenko, former partner of BTC-e’s administrator Alexander Vinnik.

Vinnik was detained in the summer of 2017 while on vacation in Thessaloniki. Besides the U.S., France and Russia also sought his extradition. In December 2019, Greek authorities handed him over to France where he served (taking into account pre-trial detention) a five-year sentence for money laundering. Vinnik was then returned to Greece which immediately transferred him to the United States where he is now facing multiple charges.

In March this year, Russian law enforcement detained a crypto entrepreneur associated with an unidentified crypto exchange and suspected of embezzling funds and property. At the time, Sergey Mendeleev claimed the arrested man was none other than Bilyuchenko. His ownership of Wex was exposed in a report by the BBC.

Dmitry Vasiliev, another co-owner and former chief executive of Wex, was arrested in Poland in August 2021 and later released by the Polish authorities before returning to Russia. In June 2022, he was also detained at the airport in Zagreb upon entering Croatia, on a red warrant issued by Interpol on request from Kazakhstan where he is wanted on fraud allegations.

In November last year, Mendeleev unveiled that the Russian Ministry of Interior had failed to act on a request by Wex users to help in the blocking and seizing of crypto funds removed from a wallet controlled by the exchange. Over 10,000 ETH, worth almost $46 million at the time, were withdrawn and transferred to other platforms.

Who do you think withdrew the cryptocurrency from the wallet linked to Wex and BTC-e? Share your thoughts on the case in the comments section below.

from Bitcoin News

Prospects Don’t Look so Hot for Sam Bankman-Fried’s Invitation-Only Crypto Bahamas Event

Following the FTX collapse and amid the aftermath, people have been wondering about the company’s Crypto Bahamas conference that was scheduled to happen on April 17-20, 2023, at the exclusive Grand Hyatt Baha Mar, in Nassau. The event planned for April 2023 was supposed to be hosted by the now-bankrupt FTX and the Skybridge Capital-backed Salt conference promoters.

FTX’s Invitation-Only Island Event Looks Like a Wash

While we know that the former FTX CEO Sam Bankman-Fried (SBF) plans to speak at the New York Times (NYT) Dealbook summit, people are curious about the upcoming Crypto Bahamas conference. 2022’s inaugural Crypto Bahamas conference was hosted in Nassau and the event hosted a litany of well known speakers including former U.S. president Bill Clinton.

Other 2022 speakers included the former prime minister of the United Kingdom, Tony Blair, seven-time Super Bowl Champion and co-founder of Autograph, Tom Brady, and the prime minister of the Bahamas Philip “Brave” Davis. 2023’s event is likely to be a wash, but with the current events surrounding the now-defunct exchange, you never can tell.

For instance, Andrew Ross Sorkin confirmed he was speaking with SBF at NYT’s Dealbook summit, and the new FTX CEO recently explained to the bankruptcy court that some of the company’s business assets may be salvageable. As far as the Crypto Bahamas conference is concerned, the Skybridge Capital-backed Salt is listed to co-host the forum.

Just before the FTX collapse and the following Chapter 11 bankruptcy filing, Salt’s events page highlighted the Crypto Bahamas 2023 conference on the website. At the time of writing, on Nov. 25, 2022, the event is still hosted on Salt’s events page and it links to the Crypto Bahamas web portal. True to SBF’s secretive inner circle lifestyle and his mysterious dealings, Crypto Bahamas 2022 was an invitation-only event that saw 2,000 attendees.

While you can only inquire with Salt about the 2023 event right now, 2022 ticket prices ranged between $3K to $5K per event attendee. In May, the financial news publication Business Insider called the event a “$614-a-night affair.”

Anthony Scaramucci told Business Insider (BI) last May that FTX executives said they wanted to get into the conference industry with his firm. “In our debrief with our sponsors, the FTX guys wanted us to consider them getting a little bit deeper into the conference business with us,” Scaramucci said at the time.

The Skybridge executive also noted that the 2022 event was supposed to be smaller than the more than 2,000 people that ended up attending Crypto Bahamas 2022. “Frankly, we had to start turning people away,” Scaramucci explained in his May interview with BI.

“It’s an island. So we had a certain amount of food that we ordered, we ordered a certain amount of refreshments and things like that. So we just said, ‘Look, I’m sorry, you can’t come,'” Scaramucci added. Other Crypto Bahamas 2022 sponsors included the Solana Foundation, Galaxy Digital, Elliptic, Ripple, Blockfi, and Google Cloud.

Salt just wrapped up the Salt iConnections Asia 2022 event at the exclusive Marina Bay Sands hotel in Singapore.

What do you think about the Crypto Bahamas conference? Do you think that the event will likely be canceled now that FTX has filed for bankruptcy protection? Let us know what you think about this subject in the comments section below.

from Bitcoin News

Elon Musk Confirms Bankman-Fried Owns 0% of Twitter Despite Reports Claiming a $100M Stake

Tesla CEO and Twitter chief Elon Musk has clarified that Sam Bankman-Fried, former CEO of collapsed crypto exchange FTX, does not own any stake in Twitter. This followed an article published by a Bankman-Fried-backed publication suggesting that Musk took $100 million from the former FTX executive.

Elon Musk on SBF’s Alleged Investment in Twitter

Elon Musk has clarified that Sam Bankman-Fried (SBF), FTX’s co-founder and former CEO, currently owns 0% of Twitter.

The confirmation followed an article published Wednesday by Bankman-Fried-backed publication Semafor indicating that SBF owns a $100 million stake in the social media platform. The article claimed to have obtained a private text message between Musk and Bankman-Fried as proof of the stake.

Semafor debuted on Oct 18, just a few weeks before the FTX meltdown began. The crypto exchange filed for Chapter 11 bankruptcy on Nov. 11 and SBF stepped down as the CEO.

Musk tweeted Wednesday: “Semafor is owned by SBF. This is a massive conflict of interest in your reporting.” Responding to an editor of the publication insisting that he took money from SBF, Musk tweeted:

As I said, neither I nor Twitter have taken any investment from SBF/FTX. Your article is a lie.

The editor of the SBF-backed publication tweeted the text message in question Thursday. In the text message, Bankman-Fried claimed to have over $100 million in Twitter (TWTR) shares that he would like “to roll” if possible. Musk responded with a standard reply he gave to all Twitter shareholders. “You’re welcome to roll,” he wrote. However, the text message does not confirm whether the transaction happened.

Semafor’s reporter took the text message as confirmation that Bankman-Fried definitely owns a $100 million stake in Twitter, and did when Musk bought the social media company at the end of October and took it private.

Musk responded clarifying that all public shareholders of the social media company were allowed to roll their stock into Twitter as a private company. However, the Tesla boss noted that Bankman-Fried did not roll anything over, so he owns no stake in Twitter. “Your reporting made it falsely sound like he did.”

The article also claimed that Musk texted Bankman-Fried and “invited him to roll the $100 million stake.” However, it appears from the text message that it was SBF who texted Musk and the Tesla CEO did not even know who the text message was from.

Many people on Twitter agreed with Musk that the text message does not prove that SBF actually rolled any shares into Twitter, the private company. One user described:

Sounds like he [Elon Musk] didn’t really know whom he was talking to, and was just giving the same answer he gave publicly — that large shareholders could roll over their shares to the new business. Musk has denied that it ever actually happened, too.

Twitter users also attacked the SBF-backed publication for its conflict of interest. “Its extremely wild how they’ll attack ANYONE within proximity to SBF but then leave him untouched or barely scraped with slight criticism that you have to read like 3-4 times over again before it sounds like criticism,” one pointed out. Another user asked: “How much money did Semafor take from SBF and what did that financial agreement entail? That seems important.”

What do you think about the SBF-backed publication claiming that Bankman-Fried gave Elon Musk $100 million even though Musk said repeatedly that he did not? Let us know in the comments section below.

from Bitcoin News

Shopping․io Integrates DINO LFG Enabling $DINO for E-Commerce Shopping

PRESS RELEASE. Shopping.io announced their partnership with DINO LFG. DINO holders can now use their $DINO token for online purchases from major retailers like Amazon, eBay, Etsy, and Walmart.

Shopping.io is known for allowing holders to spend their crypto effortlessly on global eCommerce websites and offering international shipping to over 60 countries.

Moreover, by joining Shopping.io’s membership programs shoppers can enjoy cashback rewards (in the form of Shopping.io’s native token $SHOP) up to 20% when purchasing from major e-Commerce hubs such as Amazon, Walmart and Home Depot.

On Shopping.io shoppers can choose to pay from more than 150 Cryptocurrencies, starting today, Thursday 24th November they can also pay with $DINO Token which will be officially available to use via Shopping Pay, the payment processor.

Shopping.io is the first functioning bridge between cryptocurrency and eCommerce in a rapidly changing tech-centric world.

Celebration Benefits:

To celebrate the integration Shopping.io will offer 20% $SHOP BACK on every purchase that was made with $DINO and FREE international Shipping for 7 DAYS (Starting from the day of the announcement).

“We are so excited to give DINO holders the ability to shop with us! Giving the opportunity to allow shopping with cryptocurrency and enabling the $DINO token that was just recently launched goes without saying that we are changing the future of e-commerce.” Arbel Arif, CEO & Owner of Shopping.io.

About DINO LFG:

DINO LFG, is a meme coin with very strong utility.

DINO’s main goal is to bring real use cases and utility to $DINO’s holders, and with that integration they are taking the next step with that statement.

DINO has a strong loyal community, which holds many activities and games. Besides that, Dino’s community moderators are here to educate and to give crypto tips to whoever wishes to join.

Both teams are very excited for DINO’s integration on our main platform as a form of Payment and allowing this exclusive use case to more holders.

How does this work?

Filling your shopping bags with Shopping.io is as simple as can be. Sign-up for your account, browse through Shopping.io’s catalogue of products from major retailers, add the desired items to your cart, check-out and pay with DINO.

Now you’re also entitled to receive 20% $SHOP back to your wallet.

Shopping.io also has community representatives and a 24/7 live chat on its website, ready to answer any and all questions.

Shopping.io believes in the power of absolute freedom when it comes to E-commerce and changing the industry for the better, forever. One purchase at a time.

For more info, please visit:

DINO LFG:

Website , Twitter , Telegram, $DINO Chart , Staking

Shopping.io:

Website, Twitter, Telegram, Facebook, Reddit, Instagram, LinkedIn, YouTube

 

 

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This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

from Bitcoin News

Turkey Investigates Former FTX CEO Sam Bankman-Fried for Fraud, Seizes Assets

The Turkish government has launched an investigation on the former chief executive of failed cryptocurrency exchange FTX, Sam Bankman-Fried. According to local media, the authorities in Ankara have also seized assets belonging to the founder of the troubled coin trading platform.

Turkey’s Financial Intelligence Unit Initiates Another FTX-Related Probe

Financial regulators in Turkey have started to investigate the founder and former CEO of cryptocurrency exchange FTX, Sam Bankman-Fried (SBF), for alleged fraud. The move follows the initiation in mid-November of a probe into the collapse of the company, which also operated a Turkish platform.

Both investigations are led by the country’s Financial Crimes Investigation Board (MASAK), a department under the Ministry of Treasury and Finance. As part of them, the authorities have seized assets of SBF and other affiliates, the Anadolu Agency reported on Wednesday.

Commenting on the case, Turkey’s Finance Minister Nureddin Nebati highlighted the risks that digitalization has brought along with opportunities, warning that the cryptocurrency market should be approached with “maximum caution.”

Amid skyrocketing inflation of the national fiat currency, the lira, many Turks put money into crypto assets in the past few years to preserve their savings. However, the failures of domestic trading platforms and scams, as well as the ongoing crypto winter, have hurt Turkish investors.

FTX, which was one of the world’s top crypto exchanges, filed for Chapter 11 bankruptcy protection in the U.S. on Nov. 11, after struggling with liquidity issues, and is now under voluntary administration. Bankman-Fried resigned and the group’s new management fired three other top executives.

Besides Turkey, the FTX group of companies is now under investigation in a number of other jurisdictions, including the United States, the Bahamas, where it was headquartered, and Japan. The exchange and its subsidiaries have also seen their licenses suspended in multiple markets. According to a recent report, the Bahamas authorities may extradite SBF to the U.S. for questioning.

Do you expect financial authorities in other countries to investigate former FTX CEO Sam Bankman-Fried? Tell us in the comments section below.

from Bitcoin News

Hollywood, Streaming Giants Scramble for Movie Rights to FTX Saga

After the FTX collapse, the story seems as though it came from a financial thriller based on fiction and made-up characters. However, the story and the people behind it are very real and today’s streaming giants like Amazon, Apple, and Netflix are vying to get the rights to tell the FTX tale.

‘Multiple’ Film Adaptations of the Rise and Fall of FTX Are Coming

Numerous reports have shown that the novelist and financial journalist, Michael Lewis, is working on a book about the FTX saga. It’s been said Lewis spent a number of months with the former FTX CEO Sam Bankman-Fried (SBF) before the exchange collapsed.

According to the Hollywood Reporter, “multiple projects [are] in the works about the rise and fall of the crypto exchange.” Lewis is also well known for crafting financial thrillers as he authored the popular stories “Moneyball,” “The Big Short,” and “Flash Boys.”

The Hollywood Reporter’s Mia Galuppo details that Apple may win the rights to Lewis’s story about FTX as Galuppo reports “sources peg the deal with Apple in the mid-seven-figure range.”

Galuppo also says that filmmaker Graham Moore is working on an adaptation of the FTX story and the film studio XTR is already in the Bahamas filming a nonfiction documentary about FTX and SBF. The tech publication The Information also revealed that Vice Media is working on a documentary about the FTX fiasco.

Techcrunch reporter Ivan Mehta explained on Nov. 24 that Amazon is working on a television series with the Russo Brothers, who are well known Marvel filmmakers. The Russos spoke about the upcoming television film series and said the story involves quite a bit of everything.

“This is one of the most brazen frauds ever committed. It crosses many sectors — celebrity, politics, academia, tech, criminality, sex, drugs, and the future of modern finance,” the Russos told Techcrunch. “At the center of it all sits an extremely mysterious figure with complex and potentially dangerous motivations. We want to understand why.”

What do you think about Hollywood and streaming giants vying to release documentaries about the FTX saga? Let us know what you think about this subject in the comments section below.

from Bitcoin News

US Lawmaker: FTX Collapse Isn’t a Crypto Failure — It’s a Failure of SEC, Bankman-Fried, Centralized Finance

U.S. Congressman Tom Emmer says the FTX meltdown is not a crypto failure but a failure with SEC Chairman Gary Gensler, former FTX CEO Sam Bankman-Fried, and centralized finance. “We need to get to the bottom of this. We need to understand why Gary Gensler and the SEC were not doing their job,” the lawmaker stressed.

Rep. Emmer Says FTX Fallout Isn’t a Crypto Failure

U.S. Congressman Tom Emmer (R-MN) stated Tuesday that the implosion of cryptocurrency exchange FTX is not a crypto failure. Instead, he said it is a failure with centralized finance (cefi), Securities and Exchange Commission (SEC) Chairman Gary Gensler, and former FTX CEO Sam Bankman-Fried.

The lawmaker tweeted:

FTX’s collapse is not a crypto failure. It’s a failure with cefi, Gary Gensler, and Sam Bankman-Fried. Decentralization is the point.

In an interview with Fox Business Tuesday, Emmer further described the FTX meltdown as a failure of “business ethics,” “government oversight,” and “regulatory procedures.”

He proceeded to reference reports that the SEC met with Bankman-Fried in March and was allegedly working to give FTX special treatment. The lawmaker confirmed that his office is looking into the matter.

Emmer added that Bankman-Fried also pushed for “special treatment legislation through Congress.” However, when the former FTX CEO’s proposal was finally revealed, the crypto industry immediately raised multiple red flags. The lawmaker emphasized:

It’s a failure, it appears, of Gary Gensler to actually deal with the bad guys.

The congressman pointed out that Gensler was never there to deal with Celsius Network and Voyager Digital when they had to file for bankruptcy earlier this year, just like he was not there to deal with FTX. He was also not there to deal with terra/luna when the cryptocurrency collapsed in May, Emmer said.

Dealing with bad actors “is exactly what he [Gensler] is supposed to be doing,” the congressman exclaimed, stressing:

What is the regulator responsible for this doing, going after good actors in the community, and working backroom deals, it appears, with people who’s doing nefarious things.

“We need to get to the bottom of this. We need to understand why Gary Gensler and the SEC were not doing their job,” Congressman Emmer emphasized. “We need to understand how this was allowed to get to the point where people and their savings are getting hurt. That’s exactly what the regulator’s supposed to be taking care of.”

The lawmaker noted that regulators are going after decentralized finance (defi). “This is not what it’s about,” he cautioned, concluding:

It’s not about the crypto industry. This is about Sam Bankman-Fried. It’s about the regulator, Gary Gensler, and it’s about centralized finance, which needs to be brought under a regulatory umbrella. Gary Gensler has done nothing to make that happen.

Emmer is not the only one who has warned about centralized finance. Ethereum co-founder Vitalik Buterin similarly said that “centralized anything is by default suspect.” Investment firm Paradigm co-founder Matt Huang explained: “The issues at FTX are precisely ones that decentralized finance can solve through increased transparency and security.” Moreover, Shark Tank star and the owner of the NBA team Dallas Mavericks, Mark Cuban, said that recent failures of crypto companies are not crypto-specific.

The congressman from Minnesota has repeatedly criticized Gensler for his approach to regulation. In June, he slammed the securities watchdog for not regulating in good faith, stating that “Under Chair Gensler, the SEC has become a power-hungry regulator.”

Do you agree with Congressman Tom Emmer? Let us know in the comments section below.

from Bitcoin News

US Senators Urge Fidelity to Stop Offering Bitcoin in 401(k) Plans Citing FTX Collapse, ‘Serious Problems’ in Crypto Industry

Several U.S. senators have called on Fidelity Investments to reconsider allowing bitcoin in 401(k) retirement plans. “The recent implosion of FTX, a cryptocurrency exchange, has made it abundantly clear the digital asset industry has serious problems,” the lawmakers told Fidelity CEO Abigail Johnson.

US Senators Want Fidelity to Stop Offering Bitcoin in Retirement Plans

Three U.S. senators sent a letter to Fidelity Investments CEO Abigail Johnson Monday regarding the financial services firm’s bitcoin offerings in 401(k) retirement plans. The letter was signed by senators Elizabeth Warren (D-MA), Richard J. Durbin (D-IL), and Tina Smith (D-MN).

Reiterating their concerns about Fidelity allowing bitcoin exposure in retirement plans, the lawmakers stressed: “Once again, we strongly urge Fidelity Investments to reconsider its decision to allow 401(k) plan sponsors to expose plan participants to bitcoin.”

They detailed: “Since our previous letter, the digital asset industry has only grown more volatile, tumultuous, and chaotic — all features of an asset class no plan sponsor or person saving for retirement should want to go anywhere near.” The senators continued:

The recent implosion of FTX, a cryptocurrency exchange, has made it abundantly clear the digital asset industry has serious problems. The industry is full of charismatic wunderkinds, opportunistic fraudsters, and self-proclaimed investment advisors promoting financial products with little to no transparency.

Crypto exchange FTX filed for Chapter 11 bankruptcy on Nov. 11. The firm allegedly mishandled customer funds and is currently being investigated by several U.S. authorities, including the Department of Justice (DOJ), the Securities and Exchange Commission (SEC), and the Commodity Futures Trading Commission (CFTC).

“As a result, the ill-advised, deceptive, and potentially illegal actions of a few have a direct impact on the valuation of bitcoin and other digital assets,” the lawmakers warned. “While the full extent of the damage caused by FTX continues to unfold, the contagion is being felt across the broader digital asset market. Bitcoin is no exception.”

“In light of these risks and continuous warning signs, we again strongly urge Fidelity Investments to do what is best for plan sponsors and plan participants — seriously reconsider its decision to allow plan sponsors to offer bitcoin exposure to plan participants,” the lawmakers told Johnson, elaborating:

By many measures, we are already in a retirement security crisis, and it should not be made worse by exposing retirement savings to unnecessary risk. Any investment strategy based on catching lightning in a bottle, or motivated by the fear of missing out, is doomed to fail.

Fidelity’s decision to offer bitcoin investments in 401(k) plans has troubled the U.S. Department of Labor. “We have grave concerns with what Fidelity has done,” said Ali Khawar, acting assistant secretary of the Labor Department’s Employee Benefits Security Administration. Treasury Secretary Janet Yellen has also warned that crypto is “very risky,” emphasizing that it is unsuitable for most retirement savers.

Senator Warren already sent a letter to Johnson earlier this year demanding answers about the financial firm’s decision to allow bitcoin exposure in retirement products. In September, a number of U.S. lawmakers introduced a bill called the Retirement Savings Modernization Act to allow “workers to diversify assets” in 401(k) plans.

What do you think about U.S. senators urging Fidelity to reconsider allowing bitcoin investments in 401(k) plans? Let us know in the comments section below.

from Bitcoin News

NFT Sale Starts Mid December! NFT Sale Details of Entertainment DAO Project ‘SUPER SAPIENSS’ by Director Yukihiko Tsutsumi, Katsuyuki Motohiro and Yuichi Sato Revealed

PRESS RELEASE Financie Inc. pleased to announce that the “SUPER SAPIENSS NFT” sales conducted by “SUPER SAPIENSS”, an entertainment DAO project active on FiNANCiE.

About SUPER SAPIENSS

“SUPER SAPIENSS” is an unprecedented entertainment project that brings together three directors (Yukihiko Tsutsumi, Katsuyuki Motohiro, and Yuichi Sato) who have led the Japanese entertainment and film industry, and producer Takeshi Moriya as board members to create the original story and visualize it.

The project is taking on the challenge of an entertainment DAO utilizing FiNANCiE’s “token issuance” and token-based “co-creation community” in order to usher in a new era of entertainment in Japan.

The company has conducted two rounds of token-issuing type funding, and has collected a cumulative total of over 50 million yen in support and approximately 3,000 members in the community.

The supporters who hold the tokens do not simply observe the production process of the contents, but are closely involved in the project through various processes conducted by the community, and we are developing our activities with the important element of “sharing the same excitement and joy” with the three initiators.

About SUPER SAPIENSS NFT

The creative for SUPER SAPIENSS NFT, which started on September 26, 2022, is based on director Tsutsumi’s original character proposal, with original art developed by manga artist Chobi, who also works on the SUPER SAPIENSS webtoon. The creative is filled with Japanese culture that is attracting worldwide attention.

SUPER SAPIENSS NFT is a so-called generative NFT format. Generative NFT is a form of NFT that uses a program to randomly combine image data divided into parts to create a variety of different types of art.

For more information on SUPER SAPIENSS NFT, please refer to white paper below.

Japanese version https://www.canva.com/design/DAFMQ5CprK8/QbXlN5svdckr7ANJPMZ1aQ/view?utm_content=DAFMQ5CprK8&utm_campaign=designshare&utm_medium=link&utm_source=viewer

English version
https://www.canva.com/design/DAFMY5E1j_I/VA4_fieXABAD_tIW_e_RXQ/view?utm_content=DAFMY5E1j_I&utm_campaign=designshare&utm_medium=link&utm_source=viewer

Detailed Sales Information about SUPER SAPIENSS NFT

The sales of SUPER SAPIENSS NFT will be conducted in order of Presale and Public Sale. The date and number of sales depend on the sales format.
In terms of presale (website to mint), only holders of Allow List (AL: the right to join the presale) can join.

Regardless of the sales format, please prepare for a crypto wallet and GAS fee in advance.

The first sales in Presale (website to mint)
Outline: How to buy the NFTs for only 1,093 designated holders of Allow List on the website to mint
Period: Dec 17 (Sat) 00:00 ~ Dec 17 (Sat) 23:30 EST
Number: 5,465 units (Maximumly 5 units per person to mint)

Payment Method: ETH payment
Target: Designated holders of Allow List will be announced by an email.
Please check the website and Discord for designated Allow List

The second sales in Presale (website to mint)
Outline: How to buy NFTs on a first-come, limited to holders of Allow List on the website to mint
Period: Dec 18(Sun) 00:00 ~ Dec 19(Mon) 00:00 EST
Number: The NFTs, which weren’t mint on the first presale (Maximumly 5 units per person to mint)

Payment Method: ETH payment
The team will choose and announce the winners, who will be given the Allow List for the secondary sales, from applicants on the dedicated website.

Please apply for Allow List below

• Japanese: https://supersapienss.com/nft/jp/
• English: https://supersapienss.com/nft/

Application deadline: Monday, Dec. 8th, 2022 at 10:00 AM

The sales in Public Sale
Outline: How to buy the NFTs, which anyone can buy on the website to mint
Period: Dec 19(Mon) 22:00 EST ~ Tue, Dec 20(Tue) 22:00 EST
Number: 1,000 units (No limit to mint)
Payment Method: ETH payment

The team will post the latest information about NFT on Twitter and Discord:

・SUPER SAPIENSS NFT Twitter: https://twitter.com/supersapi_nft

・SUPER SAPIENSS NFT Discord: https://discord.gg/K63UzDJH

Milestone of SUPER SAPIENSS NFT

Roadmap

• 2022.1 – FiNANCiE raised approximately 45 million at the beginning of the project. 2000 community members.
• 2022.7 – Yukihiko Tsutsumi’s original movie “SUPER SAPIENSS THE BEGINNING” has been released
• 2022.8 – Launch of SSCA (SUPER SAPIENESS CREATORS ACADEMY)
• 2022.9 – SUPER SAPIENSS Golden Fish NFT drop. The significant goldfish to the story is for early supporters only.
• 2022 – Winter – Release of SUPER SAPIENSS NFT
• 2022 – Winter – The ten episodes of the webtoon comic (approx. 30 are planned). One chapter is released weekly
• 2023 – Mid – Making the live-action adaptation of Yukihiko Tsutsumi’s work. Filming of Katsuyuki Motohiro and Yuichi Satou’s film
• 2023 – Produce short animated films for future animation

The following benefits are also available to NFT holders;

1. Holder’s NFT will appear in the webtoon and/or the film
2. Opportunity to submit ideas for a supernatural power for SUPER SAPIENSS NFT
3. The priority pass to purchase the NFT derivatives/AirDrop
4. The license for commercial use of proprietary NFT
5. Prior experience/access to NFT projects
6. Other unique benefits depending on the NFT volume and duration

Project initiators

• Director: Yukihiko Tsutsumi（Director of Office Crescendo Inc. – There are numerous ‘aggressive’ masterpieces by the master in the Japanese film and television industries.
• Director: Katsuyuki Motohiro（Member of the Planning Department in Production IG – Director of the highest-grossing live-action film in Japan, “Bayside Shakedown 2”.
• Director: Yuichi Satou（Member of Kyodo Television）- The director is considered one of the most renowned Japanese film directors for his meticulous descriptions.
• Producer: Takeshi Moriya（Atmovie Inc. – CEO and Founder – The most famous work by Takeshi Moriya is “Midnight Swan”, winner of the Japanese academy award for the picture of the year in 2021.
• Adviser on webtoon comics; Supervising Director of NFT design: Youhei Sadoshima (Cork Inc. – CEO and Founder)
• Project Promotion Advisor: Hironao Kunimitsu (Financie Inc. – CEO and Founder)

About FiNANCiE

Finance Inc. offers a crowdfunding 2.0 service, FiNANCiE, that takes advantage of blockchain technology and delivers a new token economy through issuing, planning and handling tokens (both FT and NFT). In addition, there are more than 170 token issuers (individuals, sports clubs, and projects).

Company: Financie Inc.

CEO: Naohiro Kunimitsu

Establish: January 2019

Address: Cerulean Towe 15F, 26-1, Shibuya, Tokyo, Japan

 

 

 

 

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This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

from Bitcoin News