Crypto Shake

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Match Chain Announces Tomasz Wojewoda (EX-BNB) as CSO 👀 Tomasz Wojewoda, former BNB Chain Head of Growth, has joined Match Chain as Chief Strategy Officer. With over 20 years of experience as a Founder and CEO, and leadership roles at Microsoft and Chainlink, Wojewoda brings expertise in cloud solutions and Web3 infrastructure, aiding Match Chain in its growth as a leading Layer 1 blockchain. Match Chain is an interoperable traffic middle layer for Web3, aiming to accelerate user growth. It promotes privacy and control over data and identity, connecting across blockchains for dApp development and self-sovereignty.

Venezuela cracks down on crypto mining to tackle energy crisis According to local news outlet AlbertoNews, Venezuela’s Ministry of Electric Power plans to cut off crypto-mining companies drawing power from the national power grid SEN (Sistema Electrico Nacional). The Venezuelan government plans to control excess energy consumption through the latest move while ensuring a consistent power supply for the local population. Venezuela’s National Association of Cryptocurrencies also confirmed the latest ban on the crypto mining industry in a May 18 X post. The move follows the recent seizure of 2,000 cryptocurrency mining devices in Maracay as part of an anti-corruption drive.

Former BitConnect promoter pleads guilty to criminal charges John Bigatton, a former promoter at BitConnect, pleaded guilty to one criminal charge related to providing unlicensed financial services. Bigatton appeared before the Sydney District Court on May 16, where he admitted to providing unlicensed financial services on behalf of another person. This is in violation of section 911B(1) of Australia’s Corporations Act. BitConnect was a financial service business and online cryptocurrency platform that offered investment opportunities through its website, including a product known as the Lending Platform. Investors were required to acquire BitConnect coin (BCC), a cryptocurrency token, to participate in this platform. The Lending Platform allowed lenders to invest or “loan” BCC for fixed terms in exchange for promised high-interest rates. However, investors could not control their loans or withdraw their capital until the lending period ended. In regards to his promotional activities, Bigatton advertised the now-defunct BitConnect Ponzi scheme on social media, in seminars across Australia, and in direct meetings with investors. He provided financial product advice without holding an Australian Financial Services licence or authorization to provide financial services. These activities reportedly occurred on six occasions, including four seminars and two social media posts. A sentencing hearing is reportedly scheduled for July 5. A related charge of operating an unregistered managed investment scheme was withdrawn following Bigatton’s guilty plea to the primary charge. The case is being prosecuted by the Commonwealth Director of Public Prosecutions following an investigation and referral by ASIC.

Telegram CEO Pavel Durov Seemingly Endorses Notcoin After Its TON Blockchain Launch 🔥 Pavel Durov, CEO of Telegram, appeared to endorse the viral web3 clicker game Notcoin following its token launch on the TON blockchain. Durov praised Notcoin's success, noting its market capitalization of nearly $700 million.

Param Labs Secures $7 Million Funding Round Led by Animoca Brands 📈 Param Labs has secured a $7 million funding round led by Animoca Brands, with participation from Delphi Ventures, Mechanism Capital, Merit Circle, and other leading investors., a UAE-based gaming platform with a strong online community of over 2.5 million followers and 500,000 Discord users. Param Labs boasts 300,000 daily active users. This collaboration aims to redefine the gaming landscape, ensuring gamers own their digital assets. Animoca Brands' co-founder Yat Siu has also made a strategic investment in Param Labs.

Catia Protocol Announces "Finding Catia’s Pioneer Millionaires Challenge" ⭐️ Catia is offering exclusive perks to early birds through its quiz game. Participants can win in-game Catia points, fan badges, and free tickets for premium projects. To participate, players must answer 9 multiple-choice questions, join Catia's social channels, and invite friends. The game runs from 10 to 17 May, 2024. Join now for a chance to win these exclusive perks!

Wisconsin Investment Board Purchases $99M of iShares Bitcoin ETF 💎 According to SEC filings, the U.S. Wisconsin Investment Commission holds $99 million in BlackRock's spot Bitcoin ETF, IBIT. Established in 1951, the commission manages and invests Wisconsin's public pension and other trust funds. Wisconsin ranks as the sixteenth largest state in the United States.

Blockdaemon Receives Approval for UAE Expansion in Abu Dhabi 💸 Blockchain infrastructure firm Blockdaemon is expanding its presence in the United Arab Emirates with a new office and entity in Abu Dhabi. This move is part of the company's plans to provide Web3 infrastructure solutions locally, including node and validator infrastructure solutions, along with its self-hosted MPC wallet technology. ADGM's chief of market development, Arvind Ramamurthy, highlighted the region's progressive regulatory environment, aiming to support the growth and success of Web3 companies.

Bitcoin on-chain activity declines, price movement sluggish Insights from data analytics firm Santiment reveal a slowdown in on-chain activity on the Bitcoin network over the past few months, painting a nuanced picture of the cryptocurrency’s current state. In a May 11 update on X, Santiment highlighted that on-chain activity on the Bitcoin network is the lowest it has been since 2019. This observation stems from a visible downtrend in various metrics, including transaction volume, daily active addresses, and whale transaction count.

The address marked as Justin Sun 4 Address Receives 2.08 Million EIGEN ⭐️ Justin Sun's address, known as Justin Sun 4, received 2.08 million EIGEN tokens on May 11, making it the second-highest depositor in EigenLayer. This address had previously deposited 104,000 ETH directly and 58,000 ETH through Puffer before March.

Jack Dorsey Predicts Bitcoin Price Will Exceed $1 Million by 2030 📈 Jack Dorsey, former Twitter CEO and crypto advocate, predicts Bitcoin could hit $1 million by 2030, citing its ecosystem's growth potential. His optimism reflects a broader sentiment among crypto enthusiasts, despite Bitcoin's current price around $60,886.

MixMob Announces Launch Date for Race-to-earn Game Racer 1 🔥 MixMob, a Solana-based gaming universe, is set to release its first game, MixMob: Racer 1, on May 14 for iOS and Android. The game offers a unique blend of strategic racing and card selection, challenging players to vie for crypto rewards in a post-apocalyptic world plagued by a malevolent AI. Players can already pre-order the game on iOS globally, with automatic downloads scheduled for launch day.

What is Dexsport? In a nutshell, Dexsport is a decentralized Web3 betting platform that allows users to place bets on sports & e-sports matches using crypto. Why bet on Dexsoprt? 🔗 Multichain & multicoin support (BNB, Tron, etc.) 😌 User-friendly interface (start playing in two clicks) 🔒 Solid security (audited by Certik) 🎭 Complete user privacy (no KYC needed) 🤝 Strong community support (across many social media channels) In fact, to celebrate our fresh update… We’re doing an awesome giveaway right now! 🎁 If you fancy some cool rewards, you can join here 👇 🔗 Join The Giveaway 🔗 📌 Announcements 📌 Community 📌 Website P.S. The giveaway won’t last long! We’re wrapping up on May 20th!

Tether Expands Crypto Payments in Eastern Europe Through New Investment 👀 Tether is increasing its investment in CityPay.io, a Georgia-based crypto payment provider, to boost cryptocurrency adoption in Eastern Europe. CityPay.io allows users to pay for services with cryptocurrencies like Bitcoin at locations such as Wendy’s and Radisson Hotels. The investment aims to expand CityPay.io's presence in countries like Georgia, Armenia, Azerbaijan, Kazakhstan, and Uzbekistan, with plans to launch e-wallet and card solutions.

SEC Chair: Investors Lack Crypto Disclosures Despite Wells Notices 🔥 During a CNBC Squawk Box interview, SEC Chair Gary Gensler addressed the agency's Wells Notice against Robinhood Crypto but did not directly respond to inquiries about whether Ethereum would be classified as a commodity or security.

FTX Transfers $8.3M One Day Before Amended Proposal Deadline 👀 Two wallets linked to the bankrupt FTX exchange and Alameda Research moved $8.3 million in cryptocurrency. The FTX-related wallet sent 860 Tether Gold (XAUT) valued at over $2 million to algorithmic trading firm Wintermute. Simultaneously, an Alameda-related wallet transferred 2,027 Ether (ETH) worth over $6.3 million to two unknown addresses, as reported on May 6 by PeckShield.

Uniswap founder Hayden Adams shared Key Principles for Fair and Transparent Token Distributions 👀 Hayden Adam's views on good token distributions focus on transparency, fairness, and avoiding practices that could manipulate or harm the market. He emphasizes the importance of distributing tokens fairly, providing real liquidity from day one, and avoiding marketing tactics that inflate token prices artificially. His principles suggest a commitment to building value and standing behind the project with integrity.