• The Web3 Domain Alliance announced 52 new members, including Blockchain.com, Rarible, Wyre, Bitdegree, WazirX and Klever.
• Unstoppable Domains has committed to not assert its patents necessary to adopt the Alliance’s interoperability and security standards against other members.
• The Alliance will engage on topics such as consumer protection, preventing naming collisions and more to foster innovation and a safe environment in the Web3 domain industry.
The Web3 Domain Alliance is a member-led coalition with the goal of improving the technological and public policy environments for users of Web3 naming services. The Alliance recently announced 52 new members from across various projects, systems and companies in the blockchain space such as Blockchain.com, Rarible, Wyre, Bitdegree, WazirX and Klever.
As part of this commitment to support the ongoing development of digital identity technology in Web3, Unstoppable Domains has agreed not to assert against Alliance members its patents that are necessary to adopt the Alliance’s interoperability and security standards. Unstoppable was recently awarded a patent around resolving blockchain domains and aims to support innovation across the Web3 industry through its IP investments.
Members of the Web3 Domain Alliance will engage on topics including consumer protection, interoperability of blockchain naming systems, fair and open use of intellectual property in the industry, preventing naming collisions and more in order to create an environment for people which is safe for them to use these services without any hassle or fear of getting scammed or defrauded. As an example of this commitment to safety from name collisions Metascan recently deprecated their NFT top-level domain joining the alliance shortly afterwords recognizing their importance within this field.
Sandy Carter SVP & Channel Chief at Unstoppable stated that they were honored to work alongside their co-members unlocking potential within this space together; demonstrating their commitment towards working with other organizations within this field rather than competing against each other for dominance within it..
Overall it is clear that there is a strong desire among those active within this space towards creating a safer environment where users have access too all they need while being protected from potential threats that could harm them or put them at risk financially or otherwise when using these services; something which organizations like Unstoppable hope can be accomplished by working collaboratively rather than competitively with each other towards achieving such objectives without infringing upon each others rights or products/services offered as part of their respective business models
• Wirex has announced a long-term service agreement with Visa, making them a global partner.
• This will allow Wirex to expand its crypto card services to more countries around the world including the UK and APAC markets.
• Customers of Wirex can use their cryptocurrency assets to make payments at about 80 million locations where Visa is accepted around the world.
Wirex, a London-based digital payment company, has announced that it has reached a long-term service agreement with Visa. This move is an important milestone for Wirex because it will allow them to reach customers in more than 40 countries around the world through their crypto card services. The core objective of this partnership is to introduce more crypto-linked payment methods for more markets worldwide.
The agreement allows Wirex to expand its crypto card services to more countries around the world, including UK and APAC markets. Mat Wood, the head of digital partnerships at Visa in the Asia Pacific region said: “We’re excited that Wirex is expanding their focus on Asia Pacific, making it easy and seamless for people to spend their crypto balance at the millions of merchants that accept Visa in the region.“
Wirex customers will be able to use their cryptocurrency assets to make payments at about 80 million locations where Visa is accepted around the world. Not only that but they will also receive 8% cashback instantly when they make such payments through this partnership with Visa.
In 2022, Wirex raised $15 million in its Series B funding round which was led by SBI Group and others who are part of Japan’s financial sector as well as other strategic investors from Europe and Asia Pacific regions.
After signing this global partnership agreement with Visa, WireX now has its eyes set on finalizing another card partnership related to Australia within the next coming weeks which shows how serious they are about expanding their services further into new international markets.
• Alameda Research, a crypto trading firm linked to Sam Bankman-Fried, filed for Chapter 11 bankruptcy in November.
• Wallets linked to the firm suddenly resurrected and transferred millions of FTT tokens on February 7.
• Two wallets were involved in this transaction: one transferring $2 million worth of FTT from SushiSwap and the other opening a loan position on Abracadabra.
In November 2020, Alameda Research, a crypto trading firm connected to Sam Bankman-Fried, filed for Chapter 11 bankruptcy. The filing included FTX and other affiliated firms.
On February 7th 2021, wallets linked to Alameda Research came back to life and transferred millions of FTT tokens (the native FTX token). Two wallets were involved in this transaction: „brokenfish.eth“ which transferred $2 million worth of FTT from SushiSwap; and „Alameda Research 4“ which bought more than 1 million FTT tokens worth about $2.3 million and opened a loan position on Abracadabra mortgaging 73,000 FTT tokens and $31,000 cash.
This is not the first time that Alameda wallets have seen activity post the FTX bankruptcy filing. Immediately after Sam Bankman filed for bail earlier in February 2nd 2021, Blockchain security firm PeckShield alerted that „Alameda Consolidation“ had received $13 million worth of crypto assets from three different wallets. Arkham Intelligence also revealed that Alameda Research withdrew $204M ahead of its bankruptcy filing.
The activity from these wallets has caused some concern within the crypto community due to its unprecedented nature as well as its potential implications for investors’ funds tied up with the bankrupt company’s assets.
It remains unclear what will happen with these funds or how it could affect those who had their money invested with Alameda Research before it declared bankruptcy. It is important to keep an eye on developments regarding this situation so that investors can be informed about any new developments or outcomes related to these wallet transfers or their associated funds moving forward.
• Celsius Network has published a list of those eligible to withdraw funds from their platform after Chapter 11 bankruptcy.
• Creditors will be required to update their accounts with KYC and AML data before proceeding with withdrawals.
• Eligible creditors will only be able to withdraw 94% of their eligible custody assets, with the court deciding on the remaining 6%.
Celsius Network, a crypto lender, has recently released an official update regarding the upcoming withdrawals of funds from their platform after filing for Chapter 11 bankruptcy in July 2022. After US Bankruptcy Court for the Southern District allowed the company to return funds transferred to the platform, Celsius has now published a list of those eligible for withdrawals.
In June 2022, Celsius Network halted withdrawals from their platform before proceeding to file for bankruptcy in July. Since then, creditors have been awaiting a chance to withdraw their funds from the platform and it appears to be just a matter of time now. The crypto lender has emphasized that eligible creditors will be required to first update their accounts with KYC and AML data before being allowed to proceed with withdrawals.
The list of those eligible to withdraw funds includes creditors who had deposited funds after the company filed for bankruptcy. Most importantly, those eligible will only be able to withdraw approximately 94% of their eligible custody assets. The court is expected to make a decision on the remaining 6% of assets, with the possibility of creditors being able to withdraw those as well.
Celsius Network has been working hard to ensure that creditors who lost funds due to the bankruptcy process receive their funds back in a timely manner. The court has granted them permission to process certain customer withdrawals and the company has now published the list of those eligible. It is important to note that creditors will be required to update their accounts with KYC and AML data before being allowed to proceed with withdrawals.
The list of those eligible to withdraw funds from Celsius Network includes creditors who had deposited funds after the company filed for bankruptcy. Those eligible will be able to withdraw 94% of their eligible custody assets, with the court deciding on whether the remaining 6% can be withdrawn as well. The crypto lender has been working hard to ensure that creditors who lost funds due to the bankruptcy process receive their funds back in a timely manner.