SushiSwap Approved to Retrieve Unclaimed Rewards, Boosts Protocol Security

•SushiSwap has been approved to retrieve 6.2 million SUSHI tokens from early liquidity providers who have yet to claim their rewards.
•Members of the Sushi DAO have voted to give early liquidity providers a 3-month grace period to claim their SUSHI rewards before the tokens are clawed back to the Treasury.
•The DAO has also passed a proposal to allocate 100% of xSUSHI revenue to the Kanpai Treasury for the next 12 months.

SushiSwap, the decentralized exchange protocol, has recently received approval to clawback 6.2 million SUSHI tokens to the Treasury. This decision was reached after members of the Sushi DAO voted on a proposal initiated in April 2022 to retrieve the unclaimed rewards from early liquidity providers.

The voting period, which began on Jan. 16 and ended on Jan. 23, resulted in a unanimous agreement from DAO members to support the proposal with 99.85% votes. Additionally, the DAO also voted for a 3-month grace period before the clawback is executed. This means that early Sushi liquidity providers have until April 23 to claim their rewards or forfeit them to the Treasury.

The Merkle Distributor address revealed that about 6.2 million SUSHI tokens, worth approximately $8.36 million, were yet to be claimed. As such, the DAO’s decision to retrieve the unclaimed rewards will help to ensure the long-term sustainability and security of the SushiSwap protocol.

To further bolster the protocol’s runway for the next 12 months, Sushi Head Chef Jared Grey had earlier initiated a proposal to allocate 100% of xSUSHI revenue to the Kanpai Treasury. After due consideration, this proposal also received overwhelming support from the DAO with 99.9% of the total votes.

With the recent approval to clawback 6.2 million SUSHI tokens from unclaimed rewards and the allocation of 100% of xSUSHI revenue to the Kanpai Treasury, SushiSwap is one step closer to achieving its long-term sustainability and security. As such, the protocol is well on its way to becoming an industry leader in the decentralized exchange space.

Crypto Market Booms: Solana Up 43% Against Bitcoin in 2023

• Solana has seen a 43% increase against Bitcoin since the start of 2023.
• Glassnode’s Native Token Returns vs. BTC highlights the relative price performance of large L1 native tokens versus bitcoin.
• Market capitalization groupings are defined as, Large Cap: >1B $, Mid Cap: 1B-100M $, Small Cap: 100M-50M $.

As 2021 continues to wrap up and we move into the new year, the cryptocurrency market has been enjoying a surge in growth and activity. This is particularly true for the large L1 native tokens like Solana, Binance Coin (BNB), Polkadot (DOT), Ethereum (ETH), and Matic Network (MATIC).

Solana is a high-performance blockchain network that provides quick and secure transactions. Since the start of 2023, Solana has seen a 43% increase against Bitcoin, and is continuing to soar. This makes it an attractive option for investors looking to diversify their portfolio.

Glassnode’s Native Token Returns vs. BTC highlights the relative price performance of large L1 native tokens versus bitcoin. According to their data, BNB is currently down 3% against Bitcoin since Jan. 4, while DOT and ETH are both up 4.8% and 2.2%, respectively. Matic Network has also seen an increase of 2.8%.

Market capitalization groupings are divided into three categories: Large Cap: >1B $, Mid Cap: 1B-100M $, and Small Cap: 100M-50M $. While in the last week since Jan. 10, all three of these groups have posted negative returns against Bitcoin. Large caps are down 5.5%, mid caps are down 0.27%, and small caps are down 4.36%.

Overall, the cryptocurrency market is continuing to grow and expand, with an increasing interest from both institutional and individual investors. This has led to a surge in the price of native tokens like Solana, which is up 43% against Bitcoin since the start of 2023. While other tokens like BNB, DOT, ETH, and Matic have also seen price increases, the market capitalization groupings have seen a slight decrease in the last week. Nevertheless, the overall trend of the market has been positive, and the future is looking bright for these native tokens.

Crypto.com Delists USDT in Canada Following OSC Instructions

• Crypto.com will delist USDT for Canadian users on January 31st at 06:00 UTC.
• The decision to delist USDT follows instructions from the Ontario Securities Commission.
• Canadian users are encouraged to review their USDT balances and no USDT transactions will be accepted after the delisting date.

Cryptocurrency exchange Crypto.com is set to delist USDT and its associated trading pairs from its app and platform for users in Canada starting on January 31 at 06:00 UTC. The decision to delist USDT comes after instructions from the Ontario Securities Commission under the terms of Crypto.com’s registration undertaking for a restricted dealer license.

The delisting of USDT is part of the Canadian Securities Administrators (CSA) strategic plan to strengthen its oversight of crypto trading platforms. A key goal of the CSA’s 2022-2025 Business Plan is to study the implications of stablecoins in the capital markets, including their use to trade crypto assets.

Crypto.com has urged Canadian users to review their USDT balances, as all USDT transactions will be suspended after the delisting date. Crypto.com also announced that it will cancel all USDT spot orders and won’t credit any USDT deposited in the Crypto.com wallet after January 31. Any remaining USDT balances will be converted to USDC.

Crypto.com is currently under pressure as asset outflows from the exchange have increased. The exchange has taken steps to ensure the safety of customers’ funds, such as implementing measures to prevent large-scale liquidations and increasing the frequency of collateral checks.

Crypto.com has been a leader in the cryptocurrency space and its delisting of USDT is yet another example of the exchange taking proactive steps to ensure compliance with applicable regulations. The delisting of USDT is yet another reminder of the importance of regulatory compliance in the crypto space.

Binance Acquisition of Gopax Could Mean $471 Million Loss for Investors

• Binance is in the process of acquiring Gopax, with customers having $471 million of funds locked in Genesis Trading.
• If the acquisition falls through, investors could face a loss of $471 million.
• Genesis is reportedly looking to file for bankruptcy, further decreasing the chances of recovering the funds.

Binance, the world’s largest cryptocurrency exchange, is in the process of acquiring Gopax, a South Korean crypto exchange. Unfortunately, Gopax has about $471 million of customers’ funds locked in Genesis Trading. This has put Gopax investors at risk of a significant loss should the acquisition by Binance fail.

Binance reportedly completed due diligence for the acquisition of Gopax on Jan. 2, and purchased a stake in Gopax’s largest shareholder, Lee Jun-hang, who owns 41.2% of the company. This step is part of an effort to acquire Gopax, which is currently the third-largest crypto exchange in South Korea.

However, Gopax is facing a shortfall of 600 billion won (approximately $471 million) from its deposits in Genesis Trading. The funds were reportedly locked in Genesis before it suspended redemption on Nov. 16, 2022 due to the FTX fallout. This has left Gopax customers with little to no chance of recovering any of their funds, should the acquisition by Binance fail.

Chances of redeeming the funds locked in Genesis are further decreasing as the crypto lender is reportedly looking to file for bankruptcy. This would mean a complete loss of the funds for Gopax customers, and a major financial blow for the exchange.

At this point, the future of Gopax’s customers’ deposits is uncertain. However, if the negotiations for Binance’s acquisition of Gopax shares fail, there is a high possibility that the damage to GoFi investors will become a reality. It remains to be seen how the situation will play out, but the stakes are high for both Gopax and its customers.

3AC Liquidators Subpoena Co-Founder, Seeking Documents and Financial Info

• 3AC Liquidators have issued a subpoena to 3AC Co-Founder Kyle Davis.
• The subpoena requires Davis to provide all documents related to 3AC’s accounts, wallet addresses, and private keys.
• Davis is expected to respond to the subpoena before Jan. 26, 2023.

The Three Arrows Capital (3AC) liquidators have issued a subpoena to 3AC Co-Founder Kyle Davis, ordering him to provide all documents and financial information related to his collapsed hedge fund before Jan. 26. The subpoena was approved by the U.S. bankruptcy court on Dec. 7, 2022, and served via email and publicly on Twitter.

The documents requested cover a wide range of topics, including 3AC’s centralized and decentralized accounts, digital and fiat holdings, securities, wallet addresses, private keys, and other tangible and intangible assets. The liquidators have instructed Davis to provide the documents in their original form, and to not redact any details. In addition, the documents should cover the company’s dealings since its inception on Jan. 1, 2012, to date.

The Supreme Court of Singapore also issued a similar subpoena on Dec. 10, 2022, ordering 3AC’s former CEO, CFO, and other senior executives to provide documents related to 3AC’s activities since its launch.

The 3AC liquidators have stated that they “will carefully review all documents and financial information provided by Mr. Davis and other 3AC management, as well as any third parties involved, to help determine the cause of the company’s collapse and the appropriate actions to be taken.”

The liquidators are also looking into possible cases of fraud or misappropriation of funds by 3AC executives. They have stated that they “will take all appropriate steps to ensure that any individuals or entities that played a part in the collapse of 3AC are held accountable.”

The liquidators have warned that failure to comply with the subpoena could result in further legal action against Davis, including contempt of court proceedings. He is expected to respond to the subpoena on or before Jan. 26, 2023.

Magic Eden Refunds Users Who Bought Unverified NFTs from Exploit

• Magic Eden, a Solana (SOL) NFT marketplace, has promised to refund users who mistakenly bought unverified NFTs from its platform.
• The incident was confirmed by the creator of the ABC NFTs HGE, who said several high-value NFTs suffered the most from the exploit.
• In its Jan. 4 statement, Magic Eden said users must hard refresh their browsers to view verified NFT collection items and promised to refund users.

Magic Eden, a Solana (SOL) NFT marketplace, recently announced that it would refund users who mistakenly bought unverified NFTs from its platform. This announcement comes after several users of the NFT marketplace reported that scammers had passed off fake NFTs as part of popular collections like y00ts and ABC and sold them for hundreds of dollars.

The incident was confirmed by the creator of the ABC NFTs HGE, who said that several high-value NFTs had suffered the most from the exploit. On-chain data shows that the hacker had made around 540 SOL ($7,100) from the exploit. Another NFT collection DeGods urged its community to verify if an NFT was part of its collection on its website before purchasing.

In response, Magic Eden released a statement on Jan. 4, where it claimed that it had fixed the problem. According to the marketplace, users must hard refresh their browsers to view verified NFT collection items. The platform said the exploit had affected only four NFT collections from which users had bought 25 NFTs, and attributed the problem to a UI issue caused by a new feature released to Snappy Marketplace and Pro Trade tools.

In its statement, Magic Eden promised to refund users who had mistakenly bought unverified NFTs from its platform. The platform also urged users to remain vigilant and to look out for any suspicious activity on the marketplace. Magic Eden said that it would continue to update its users on any future security updates or changes.

Biden Administration Acknowledges Cryptocurrency Industry with White House Meeting

• Former FTX CEO Sam Bankman-Fried visited the White House to discuss pandemic prevention and cryptocurrency.
• White House press secretary Karine Jean-Pierre said the meeting focused on pandemic prevention-related matters and cryptocurrency and crypto exchanges.
• The attendees may have also discussed the now-defunct FTX Future Fund, who once donated $1.5 million to Stanford University for pandemic prevention, and Gabriel Bankman-Fried’s non-profit Guarding Against Pandemics.

On January 3, the White House confirmed that former FTX CEO Sam Bankman-Fried had visited the White House for meetings concerning pandemic prevention and cryptocurrency. White House press secretary Karine Jean-Pierre stated that the meetings focused on pandemic prevention-related matters and cryptocurrency and crypto exchanges. She noted that the administration has been clear about the need for Congress to take action on the cryptocurrency industry.

The meetings may have discussed the now-defunct FTX Future Fund, which had donated $1.5 million to Stanford University for pandemic prevention. Additionally, they may have discussed the non-profit organization Guarding Against Pandemics, which was formerly operated by Bankman-Fried’s brother, Gabriel. Gabriel Bankman-Fried was present at some of the White House meetings.

The White House’s acknowledgement of the meetings with Bankman-Fried is the latest indication that the Biden administration is paying attention to the cryptocurrency industry. It remains to be seen if the meetings will lead to any concrete action or legislation, but the meeting is a positive sign for the industry.

The cryptocurrency industry has grown exponentially in recent years, with more and more investors realizing the potential of digital assets. Despite this growth, the industry still faces numerous regulatory hurdles, with many governments still uncertain how to best regulate the sector. The Biden administration’s acknowledgement of Bankman-Fried’s meetings at the White House is an encouraging sign that the government is willing to engage with the industry and take it seriously.

It is clear that the Biden administration is taking the cryptocurrency industry seriously, and it will be interesting to see what comes out of the meetings between Bankman-Fried and the White House. It is possible that the meetings could lead to new legislation or regulations, but it is too soon to tell for sure. Either way, the meetings are a positive step for the industry, and it is likely that the Biden administration will continue to engage with the cryptocurrency industry in the months ahead.

Crypto VC Funding Down 83% in December, Infrastructure Firms Receive Most Funding

• Crypto startups raised $660 million in VC funding in December 2022 – down 21.5% from November (2022) and 82.5% from December 2021 ($3.76 billion).
• The number of crypto VC public investment projects in December 2022 was 50 – a 23% decline from November 2022 (65 projects) and a 68% decline from December 2021 (154 projects).
• Infrastructure crypto firms received the largest share of funding in December 2022, at about 22%. While CeFi, DeFi, and NFT/GameFi sectors accounted for about 8%, 18%, and 16%.

Crypto venture capital funding declined significantly in the month of December 2022, according to a report by Wu Blockchain. The total funding amount of crypto startup projects was $660 million, a decrease of 21.5% from the previous month and a massive 82.5% from the same period in 2021.

The number of crypto VC public investment projects in December 2022 was also drastically lower than the year before, with only 50 projects compared to 154 in December 2021. This marks a 23% decline from November 2022 (65 projects) and a 68% decline from December 2021.

The majority of the funding in December, around 22%, went to infrastructure crypto firms, while CeFi, DeFi, and NFT/GameFi sectors accounted for 8%, 18%, and 16% respectively.

Aztec Network was the most funded crypto firm in December 2022, receiving around $100 million for its Level 2 privacy solution using ZK Rollup. Fleek protocol and Web3 startup Nillion followed, with $25 million and $20 million in funding respectively.

In terms of the highest funding amounts, Haun Ventures topped the list with $1.5 billion, followed by Huobi Global with $1 billion and Flow ecosystem with $750 million.

The optimism surrounding non-fungible tokens (NFT) and decentralized finance projects in 2021 resulted in a record amount of venture capital investments into blockchain startups, with $25.2 billion. However, the collapse of firms like hedge fund Three Arrows Capital and the stagnation of the industry has led to a decrease in activity, as seen in December.

1K Daily Profit Is Scam ; True Review Exposed

Check out this review that is important to read about the 1K Daily Profit is a common scam ! !.If you’ve been given a personal invitation to join the 1kdailyprofit.com website, promising that you’ll start earning $1,000 per day, then you should go through the 1K Daily Profit review. Your money is in danger when you decide to create an account this computerized trading platform. The reality is it is 1K Daily Profit is a fraud and the software is not reliable.

1K Daily Profits

What is 1K Daily Profits ?

John Becker wanted to create an automated trading system that could allow only a handful of traders to be part of his 1K Daily Profit inner circle and earn at minimum $1,000 every day in earnings and without prior experience with trading binary options or any knowledge of the best way you can trade.According according to the, 1K Daily Profit software utilizes a revolutionary algorithm to predict binary options. John Becker boasts that 1K Profit signals boast an 99.8 percent success rate and says that such precision is not common in the binary options market! There is no way to know whether this 1K Daily Profit program has been tested beta or what the results could be when it is applied in real-world trades.

Why 1K Daily Profit Software Is Scam ? Review !

See the ShutterStock.com Page here : www.shutterstock.com/pic-238706800/stock-photo-man-working-from-home-on-laptop-computer.html

The auto-trade feature in 1K Daily Profit App allows you to trade on auto-trade. 1K Daily Profit App lets you trade entirely using autopilot, which means that the binary option trades will be made for you even if you’re not at your computer. If you’d rather go with the method of manual trading, you can create your own trades using 1K Daily Profit signals.All you need complete is to fill out the form on the site with your name and email address. You’ll gain access to an exclusive members‘ section in which you are able to join the inner circle free and download a copies of 1K Daily Profit software.You are required to create an account with a reputable Binary Options broker and deposit at least $250 in order to trade. This is enough to begin your journey and you are advised to anticipate daily earnings of $1,000 with an average of one hour per day of trading using autopilot!

Studying to support the 1K Daily Profit review has identified a number of warning signs for this trading method to be authentic. The 1kdailyprofit.com website is a presentation of a video which is filled with false information and boasts of extravagant promises. It creates the impression that it is an „risk-free“ money making system. The invitation to join private is intended to draw in people who have failed to make money due to scams and give the possibility of a new chance to those who have tried other kinds of binary software for options and have not made any profits.

The 1K Daily Profit ; Fake Photoshop Creations !

On the K Daily Profits video presentation, John Becker starts off with a discussion about scam offers which aren’t able to give any evidence of the results achieved by trading. Then, he promises to provide „real live proof“ of how you can earn $1000 by auto trading for just one hour every day. It’s an online demo of a bank account that is funded by the amount of $250 to fund trading. The demo shows each binary options trade over the time frame of seven hours which results in profits. There are no losses and at the conclusion of the day, the total balance in the account is revealed to be greater than $1500.

Demo trading accounts are not an indication of the results you’ll get from real binary transactions. The claim that you receive that you will be told that there’s absolutely no risk to you, can be false. There aren’t any real trade results available for the 1K Daily Profit software There is therefore no way to know if the $250 deposit will increase or if a series of losses in trades initiated by the fraudulent trading software will drain your account.

A trio of members in the inner circle could be seen in the video. Each member provides a personal assessment of 1K Daily Profit App and they’re said to have earned between $30,000 and $350,000 one month. Three of the participants are actors who contract themselves for video production. The woman who appears in this video has been featured in other videos that promote fraudulent trading software.There are posts on the website by members of the inner circle however, they are completely fake. The images are designed to look similar to Facebook or tweet feeds however, they’re not real. Internet searches reveal that none of these identified members have ever posted reviews on this 1K Daily Profit plan on the internet.

The 1K Daily Profit CEO John Becker is Actor

The image of John Becker has been taken from a website that provides pictures in stock that anyone can use. On the 1K Daily Profits video he claims to be an associate with Goldman Sachs, but there is no proof that he ever worked at Goldman Sachs or that he actually exists. He is a bit smug and talks absurdities about famous investors who have used the same algorithm that is not widely known to trade binary options for many years. He claims that the exact algorithm is being utilized by the One K Daily Profit software However, he claims during the interview that the app utilizes a revolutionary algorithm that was discovered by him!

It is believed that the 1K Daily Profit scam puts on you the pressure to sign up and then fund an account via the site. It is stated that there is the most limited spots left, and if you stay around, you could be left out of the chance. It is advised not to close the site and are advised that your invitation is due to expire if you quit the page and then come back in the future. When you have left the site and returning several times to read our review, we are able to be sure that this isn’t the case. The invite to join this scam has not gone completely!

Conclusion – The 1K Daily Profit System is Scam ! !

All evidence provided in this review shows that the 1K Daily Profit method isn’t to be believed. It is an binary option fraud that boasts of unbelievable claims, provides false details and employs deceit to get clients to deposit money to use for trading.Check our fake signal page prior to signing for any scam like the 1K Daily Profits system.Share your thoughts in the comments below.

NFT Profit Experience & Test

In the following NFT Profit experience report, we present this time a crypto exchange that is completely specialized in advanced crypto traders and makes this more than clear in many places. Whether it can still be a good choice for beginners, we found out in this test.

NFT Profit was founded in 2012 and has established itself as one of the leading platforms for crypto trading. However, customers here need to have a gift for languages, as all content is available in either English, Russian or Chinese. German users may therefore face language barriers if they want to trade Bitcoin and Co. However, those who deal with it will find a relatively large number of cryptocurrencies on NFT Profit for a Euro to crypto exchange. However, the company also made negative headlines in 2015: Customers‘ wallets were hacked and they lost a total of over $400,000. Has the platform learned from these incidents and how secure is it really? We have taken the test.

Coins offered on NFT Profit

For all traders who want a wide selection of different cryptocurrencies, NFT Profit is the ideal place to go. There are over 100 cryptocurrencies available for trading:

Bitcoin Ethereum EOS Ripple Bitcoin Cash Dash IOTA (MIOTA) Litecoin NEO Stellar Ethereum Classic ZCash OmiseGo Monero Verge Qtum.

The platform is popular primarily because not only can euros be exchanged for crypto here, but the individual cryptocurrencies can also be exchanged with each other.

In addition to the well-known coins such as Bitcoin, Ethereum, IOTA, Ripple, EOS and Litecoin, there are also Monero, NEO, Cardano, Stellar, Zcash, Qtum, OmiseGo and Verge.

The list of digital currencies for trading is getting longer and longer. If there are new coins, they can be found relatively quickly on NFT Profit. This includes, for example, lesser-known cryptocurrencies such as: IOSToken (IOST), Request Network Token (REQ), Aion (AION), WAX Token (WAX), Dai (DAI) or Loopring (LRC).

High minimum deposit of 10,000 US dollars.

NFT Profit clarifies, „We only want to have experienced crypto traders on our platform who bring certain capital. Therefore, the platform also has high minimum deposit requirements. Anyone who wants to buy or sell cryptocurrencies here must deposit at least 10,000 euros. For small investors, the investment is therefore often not worth it, as the entry hurdles are simply too high.

Deposit options at NFT Profit

The following types of deposits are possible on NFT Profit:

SEPA (bank transfer)

Depositing with fiat (euro) is only possible with a bank transfer on NFT Profit. Other types such as PayPal, credit card or even SOFORT are unfortunately not offered.

Before depositing with euros, however, it is mandatory to complete the verification process, otherwise access to the corresponding deposit subpage is blocked.

However, the more common deposit method on NFT Profit is via cryptocurrencies anyway. Deposits can be made with all coins that can be traded on the platform. This includes Bitcoin, Ethereum, IOTA, Ripple and over 100 other coins.