Nexus Markets and Alkemi Network integrate to offer institutional DeFi to crypto exchange users

Alkemi Network partners with Nexus Markets to provide DeFi yields to exchange users. 
With the integration, CeFi users will easily access DeFi liquidity in a trusted-counterparty environment. 

The recently-launched project focuses on bridging CeFi Users, Alkemi Network, has partnered with crypto exchange and lending vault platform Nexus Markets to provide DeFi yields to Nexus users. The collaboration between the Network and crypto exchange and lending vault platform was revealed on the 5th of August. 

Nexus Markets and Alkemi Network partners

Nexus Markets is positioned to benefit from its integration with Alkemi Network. The exchange will offer De-Fi level yields to its users by utilizing the network institutional-grade liquidity platform. As such, users will earn potential and also enjoy accessibility. In addition, users of Nexus Markets earn a passive income by putting their Wrapped Bitcoin, Ethereum, and several stablecoins into Alkemi Network-integrated decentralized finance vaults. 

Already, many users are aware of the attractive yields in DeFi. Now, the integration between Nexus Markets and Alkemi Network will enable them to enjoy the yields. However, users need to get familiar with some technical terms and procedures before having access to the DeFi yields. Some of the procedures required for users to know about are proper custody, the gas fees, Web3 wallets, and approvals. On the other hand, utilizing a Web2 interface while creating a bridge to the same yields simplifies the entire process. As a result, it attracts more potential users. 

Furthermore, CeFi users will have easy access to DeFi liquidity due to the partnership between Alkemi Network and Nexus Markets. At the same time, Nexus customers will be able to earn DeFi rates and participate in an institution-grade liquidity mining program through the Network. 

Executives comments on the new partnership

Commenting on the partnership, the CSO and co-founder of Alkemi Network, Brain Mahoney, said:

DeFi liquidity, CeFi experience. This is the product-market fit driving the next wave of digital asset growth. Through NEXUS, Alkemi Network unlocks DeFi yield opportunities for downstream users while building additional onramps to our on-chain ecosystem. We see this collaboration as a potent recipe for continued DeFi adoption.

Alkemi Network’s flagship protocol, Alkemi Earn (Earn) helps borrowing and lending through only supported digital assets which include, ETH, WBTC, and stablecoins.

Nexus Markets was created within FX exchange software provider Shift Markets. Since its establishment in 2018, before hitting the mainnet last year, the team has expanded to become a world-class crypto exchange. Also, the project has secured $4.6 million in an investment round. 

The CEO and co-founder of Nexus Markets and Shift Markets said in a statement:

Clients might be on an exchange, unsure about using Web3 browser wallets. We facilitate DeFi through a familiar interface, so customers can access this new technology and the yields natively. Nexus is proud to be leading the way for institutional and retailers to safely and securely access DeFi.


Der Beitrag Nexus Markets and Alkemi Network integrate to offer institutional DeFi to crypto exchange users erschien zuerst auf Crypto News Flash.

Strange Encounters at Military and Government Facilities: Aliens, Strange Beasts and More

Ever wondered just how much strange, mysterious, paranormal and ufological activity has taken place at military and government facilities? Just about everyone knows about Area 51, so I won’t go down that path. And, just about everyone who has an interest in UFOs will know about the Rendlesham Forest “UFO landing.” It took place at the Royal Air Force Woodbridge military base in December 1980. But, let’s now take a look at some lesser-known cases of strange phenomena at other such, secure facilities. I’ll begin with the late 1940s and a U.S. government program titled “Project Twinkle.” Its top secret mandate was to investigate reports of strange, brightly lit, green fireballs, many of which were seen near the Kirtland Air Force Base, New Mexico. Many of the staff believed the fireballs were under intelligent control: personnel at Kirtland were unsure as to what the balls of light were. Theories included Russian devices, perhaps even sent to get photos of the base. There was also the possibility of secret, domestic devices of the U.S. military. And, there was the extraterrestrial angle, too. Confusingly, all of the theories had some degree of merit. While the Twinkle program was ultimately closed and fell into a degree of obscurity, the now-available files offer an intriguing insight into the phenomenon. Now, let’s look at werewolves at military bases. Yes, you did read that right!

Linda Godfrey’s first-class research into American werewolves has demonstrated connections to cemeteries, to areas that were perceived as sacred and magical by Native Americans, and – bizarrely – to old military bases, too. Her books Hunting the American Werewolf and Real Wolfmen make that abundantly clear. “Wes” is someone who encountered a werewolf at a weapons storage area at a British military base – Royal Air Force Alconbury, situated in the county of Cambridgeshire – in the 1970s. The beast, said Wes, had a flat snout, very big eyes, a height of around five feet, and a weight in the order of two hundred pounds. It slowly vanished into the surrounding woods. Moving on, in January 2010, I spoke at a New York State conference called Ghosts of Cooperstown, which was organized by the stars of the SyFy Channel’s Ghost Hunters series. It was on the Saturday night of the event that an American soldier, who had then recently returned from serving with the military in the Middle East, revealed to an audience in the hotel bar that he had heard tales of large, marauding werewolves roaming by night the mountains of Afghanistan and some of the more ancient parts of Iraq – and also seen on the perimeters of military facilities.

This next one comes from Hillary Gough, of the town of Hampshire, England. The date was early 1974, and the setting, the Marconi Space and Defense Systems, Ltd., at Frimley, England. At the time, Gough was employed as a draftswoman in the Central Services branch – having previously served an apprenticeship in a division of the British Royal Navy – something that ensured she had access to much of the establishment. “Something very serious has happened, hasn’t it?” she inquired.”Yes,” was the quiet response. “We’ve had a break-in. I can’t say anymore.” Over the course of several weeks, however, further pieces of the puzzle fell into place. It transpired that the break-in was far more than simply an unauthorized entry. What occurred was nothing short of the penetration of a highly sensitive facility by what some of the staff suspected was an extraterrestrial creature. I was cautiously advised that the incident had occurred late at night, and the one witness was a security guard who had been patrolling the building as part of his routine duty. While walking along a corridor, the guard was startled by a dazzling blue light that emanated from one particular room. But this was no ordinary room: it was a storage facility for top secret documentation generated by Marconi as part of its work on behalf of the British Government and the Ministry of Defense, much of which was related to classified, radar-based programs.

Realizing that no-one – at all – should have been in the area at that time of night, the guard burst into the room, only to be confronted by a shocking sight. There, literally sifting through pages and pages of top secret files was a gray-skinned humanoid – but decidedly non-human – creature which quickly de-materialized before the shocked guard’s eyes. Although severely traumatized by the event, he was able to provide a brief description of the being to his superiors and noted that the blue light emanated from a helmet which encompassed the head of the entity.

Another person who had something to say something very strange was a man named Ron Petersen, who I met a couple of years ago, after he read my book, Monster Files. He told me a third-hand story of how a U.S. Army man stationed at the Dugway Proving Ground – in 1983 – went into a certain room “by mistake” and saw before him the bodies of three, massive, hair-covered creatures: Bigfoot. They were all upright and in large, see-through containers. One of them was badly burned. The man stared – amazed and shocked – and then quickly exited the room, concerned that he had just violated security. True? I don’t know. All I can do is hope that someone else comes forward and adds weight to the story. Now, to our final story:

Official investigations within the U.K. of unusual aerial phenomena started during the First World War. One of the most notable UFO-style reports can be found within the archives of the British Admiralty and dates from, rather incredibly, 1915. Prepared by a Lieutenant Colonel W.P. Drury, the Garrison Intelligence Officer at the military facility Plymouth Garrison, Devon, England, a four-page document tells the story. It concerns a series of strange events that occurred on the wilds of Dartmoor (the setting for Sir Arthur Conan Doyle’s classic novel, The Hound of the Baskervilles). Lt. Col. Drury advised personnel at the Admiralty that on 28 June 1915 he and a colleague, one Lt. C. Brownlow of Naval Intelligence, had interviewed a Miss Cecilia Peel Yates at Dolbeare Cottage, Ashburton, about an unusual experience: “She informed us that a few mornings previously, just before dawn, having been awakened by the barking of dogs, she saw from her bedroom window a bright light in the sky, bearing N., and apparently suspended a short distance above the earth. It was too large and bright for a planet, and, as she watched, it swung to the N.E., and disappeared. Haytor is due North of Ashburton and 4 miles distant as the crow files.”

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The Mystical and Mysterious Lost City of the Himalayas

Since time unremembered, throughout history and cultures, there have always been tales of mystical, magical places lying lost out over the horizon. We as a species seem to innately love such lore, that idea of some lost civilization or wondrous city hidden away from us beyond the fringes of what we know, and such stories appear in the legends of cultures across geographical divides. One such story that has persisted for millennia is that of a fantastical city hidden away within the Himalaya Mountains, thought to be an exquisite realm of beauty and magic, and long said to be unreachable by all but the most worthy.

There have been tales of the mysterious mystical realm called Shambhala going back to since time unremembered. The name “Shambhala” itself comes from the Sanskrit word meaning “place of peace” or “place of silence,” although it has gone by countless other names over the centuries, including being called the Forbidden Land, the Land of White Waters, the Pure Land, the Land of Radiant Spirits, the Land of Wonders, and many, many others, and it has been a part of the fabric of the local lore of the mountainous wilds of Tibet for thousands of years. The city, which is said to exist somewhere between the Himalaya Mountains and the Gobi Desert, is typically described as a sort of Heaven on Earth, a wondrous place of eternal peace, love, and happiness. Here there is no war, no poverty or sickness or hunger, there is perpetual harmony and no sadness, anger, or pain. It is a place of plentitude and majestic beauty, where everyone is forever youthful and healthy, the lair of the enlightened speaking their own sacred language, a realm where it never grows cold or dark, and where its denizens exist eternally in a state of utter bliss. In short, it is the embodiment of Tibetan Buddhist earthly perfection. The city is often said to lie within a mysterious lost place called the “Valley of the Blue Moon,” and James Hilton’s 1933 book Lost Horizon would describe of this valley:

For the valley was nothing less than an enclosed paradise of amazing fertility, in which the vertical difference of a few thousand feet spanned the whole gulf between temperate and tropical. Crops of unusual diversity grew in profusion and contiguity, with not an inch of ground untended. The whole cultivated area stretched for perhaps a dozen miles, varying in width from one to five, and though narrow, it had the luck to take sunlight at the hottest part of the day. The atmosphere, indeed, was pleasantly warm even out of the sun, though the little rivulets that watered the soil were ice-cold from the snows. Conway felt again, as he gazed up at the stupendous mountain wall, that there was a superb and exquisite peril in the scene; but for some chance-placed barrier, the whole valley would clearly have been a lake, nourished continually from the glacial heights around it. Instead of which, a few streams dribbled through to fill reservoirs and irrigate fields and plantations with a disciplined conscientiousness worthy of a sanitary engineer. The whole design was almost uncannily fortunate, so long as the structure of the frame remained unmoved by earthquake or landslide.

There are also many prophecies written of in ancient texts orbiting Shambhala, often mentioning it as the location in which there will one day be a final battle between darkness and light, from which the light will prevail and usher in a golden age of benevolence and enlightenment upon the world. Another alternate version of this tale is that the world will one day be destroyed through terrible cataclysmic war and violence, with only Shambhala spared, a sanctuary amid the destruction, and after this was there will be an enlightened king who will venture forth and shine light upon the world once more. One Shambhala scholar in the 1920s by the name of Edwin Bernbaum would say of this:

For centuries the people of Tibet and Mongolia have believed in the existence of Shambhala where a line of enlightened kings is said to be guarding the highest wisdom for a time when all spiritual values in the world outside will be lost in war and destruction. Then, according to prophecy, a great king will come out of this sanctuary to defeat the forces of evil and establish a golden age.

It all sounds like a pretty nice place to be, but the catch is that one of the most prevalent legends surrounding Shambhala is that it is not a place that just anyone can go to. According to the lore, it is said that the valley and its city are hidden from the world of most mortals, reclusive and impossible to reach by any material means that we possess. Indeed, it is said to exist on earth, but outside of the physical plane beyond our eyes, somewhere between this world and the next, only reachable through great purity of heart, meditation, spiritual advancement, extremely good karma, or enlightenment, otherwise one cannot actually ever arrive there. In other words, only the worthy may enter, and the lore says a physical journey there would be fruitless and futile, with the valley and its city only attainable through a spiritual quest rather than a physical one, and only then is it experienced as a physical place that can be seen and touched. Despite this deep belief that Shambhala cannot be reached by physical journey alone, this has not stopped people from trying, and there are various stories of people even succeeding. One such story was written of by the anthropologist Helen Valborg from a chapter of her book titled Symbols of the Eternal Doctrine: From Shamballa to Paradise, in which she describes a hunter who found it by chance, and of which she says:

Wandering in a hidden valley beneath the snow-wrapped shoulders of the Dhaulagiri massif, a lone hunter from the region of Dolpo hearkened to the echo of lamas chanting and the beating of drums. Tibetans tell the story of how this simple transient followed the sound of the music towards its source, which brought him to a doorway in a great cliff. Passing through it, he found himself in a beautiful valley adorned with verdant rice fields, villages and a gracious monastery. The people who lived in this valley were peaceful and happy, and they extended to the hunter a warm welcome, urging him to stay. He was delighted with their blissful existence but soon became anxious to go back to his own family and bring them to enjoy the beautiful valley. The residents there warned him that he would not be able to find the way back, but he was determined to leave. As he made his way out through the cliff door, he took the precaution of hanging his gun and his shoes beside the entrance to mark it. Confidently he went to fetch his wife and children, but when he returned to the hidden valley, he found the gun and shoes hanging in the middle of a blank rock wall.

Westerners also have often sought to reach this mythical, fabled land. In 1833 the Hungarian scholar Sándor Kőrösi Csoma claimed to have found a “a fabulous country in the north…situated between 45′ and 50′ north latitude,” widely said to be referring to the lost city. In the late 19th century, it was a major goal of the Theosophy movement, with the famous psychic and Theosophical Society co-founder Helena Blavatsky claiming to have actually been there and studied various esoteric beliefs and gained amazing abilities there. In the 1920s, the explorer Nicolas Roerich travelled through Tibet and the Himalayas on a 5-year excursion, ostensibly to just study the area, but rumored to be a concerted effort to find Shambhala. During his travels, Roerich would travel deep into territory that no other Westerner had ever seen at the time, entering a world that had long been isolated from the rest of civilization. It was here in this cold, faraway realm that he would allegedly find a series of ancient books or scrolls sequestered within remote monasteries that would supposedly point the way to the mystical city, and he followed every lead or rumor he could of anything to do with Shambhala. They believed that they had found that Belukha Mountain in the Altai Mountains was an entrance to Shambhala, but it is not known if he ever really did find it.

Another notable expedition in search of Shambhala was carried out in the 1920s by a man named Gleb Bokii, the chief Bolshevik cryptographer and one of the bosses of the Soviet secret police, along with his writer friend Alexander Barchenko, who hoped to find the city in an effort to find the way to perfect communism. They hoped that the secret wisdom of the lost city would allow them to somehow find the secret to “perfect communist beings,” but the expedition was fruitless, and another planned follow-up never did get off the ground, instead leading to a failed mission by the Soviet Foreign Commissariat in 1924. There have been other expeditions in search of Shambhala as well, notable those allegedly carried out by the Nazis during World War II, but as far as anyone knows, none of these efforts have ever actually managed to find it, and Shambhala, if it ever existed in any real sense at all, still manages to elude those who have not made the required spiritual journey. Despite claims of people having reached it, no one has ever been able to provide evidence of its existence, nor even be able to pinpoint its exact position on a map. In fact, the location of where it is supposed to be has been debated for centuries, with even ancient texts unable to come to a consensus on its general earthly location. In the end, the lost land of Shambhala remains just as enigmatic and unreachable as it always has, and perhaps always will be.

The post The Mystical and Mysterious Lost City of the Himalayas first appeared on Mysterious Universe.

Recent Bigfoot Howls in West Virginia Sound Real to Expert

The year 2021 is becoming the Year of Bigfoot in the Midwest and has possibly provided a supporting argument for those who believe Sasquatch migrates seasonally. We had the video of what appeared to be a Bigfoot carrying an infant or a deer across a river in Michigan. We had two credible (according to Bigfoot investigators) sightings of large Bigfoot in Ashland, Ohio, just miles from the Cuyahoga Valley National Park home of a famous Bigfoot howl. Now we have a recording from West Virginia of another alleged Bigfoot howl by a witness who claims this has been happening for months. Experts say it sounds credible. What’s going on in Midwest Bigfootland?

“We started hearing these sounds the first of May. As the weather warmed up, we started going outside and working in the garden. I happened to be in the back yard, just sitting on the porch and enjoying the evening, when I heard something strange.”

An unnamed woman (her request) told her story and shared her recording with the Bluefield Daily Telegraph. Bluefield is a rugged, remote town in Mercer County on the southeastern border of West Virginia – the heart of bituminous coal country. She recalls calling her husband, who also heard the howls, usually between 8:45-9:15 p.m. or 11 p.m.-midnight. Occurring off-and-on, she describes the howls as “mournful” – that’s obvious in the recording she provided to the Rocky Mountain Sasquatch Organization. (Listen to it, with magnifications, here.) The witness claims to be a hunter who knows howls, not to mention unusual signs of animal activity.

“The weather had broken and it was nice, and we checked our deer stand and our deer feeder, and we happened to notice some unusual tree structures, also. There were tree branches that had been placed, oddly shaped, like an X. Having been a hunter, hunting and everything, I hadn’t seen anything like that. A lot of this actually started last year with seeing unusual tree structures. The howls started this year, but there’s a tree out this path where a tree has been bent over and it’s tucked under another tree, and this is 3 or 4 foot above my head, and I’m 5 foot 4 (inches) and that’s about 9 feet.”

Bigfoot investigators and searchers, as well as anyone who has watched any of the Bigfoot cable shows, recognizes these signs. After recording a howl on June 22, she sent it to the Bigfoot Field Researchers Organization (BFRO) and the Rocky Mountain Sasquatch Organization. BFRO’s Matt Moneymaker, who has investigated the recent Ohio sightings, contacted her with his thoughts, which he shared with the Bluefield Daily Telegraph.

“The recording she obtained sounds very much like real Sasquatch, so it’s either a person doing an extraordinarily good impression of one, or it’s the real deal. The best clue that it’s the real deal is that the couple hears another one answering the howl with a very similar howl from a distance in the opposite direction from her property. Thus it would need to be two people doing it from different properties, which is much less likely.”

Moneymaker says the call-and-response is what convinced him. The area is hilly, heavily wooded and remote – tough terrain for one, let alone two, humans with nothing better to do than make fake Bigfoot howls at midnight. The witness said it sounded like a Bigfoot “mama calling you home.”

Which brings us back to the migration theory. A Bigfoot carrying a baby in Michigan. Bigfoot sightings due south in Ashland. A Bigfoot howl-and-response due southeast in West Virginia. Could this be a summer migration – or perhaps even a breeding season migration – by a Bigfoot family or group?

As always, the best evidence is DNA. A clear video is a close second. Howl recordings are certainly third. Where does what could be interpreted as a clear pattern of multi-state migration fit?

Perhaps the newly opened West Virginia Bigfoot Museum in Sutton can make this its first project – or biggest discovery.

The post Recent Bigfoot Howls in West Virginia Sound Real to Expert first appeared on Mysterious Universe.

Cryptoquant generates $3 million in Hashed-led investing round

Cryptoquant raises $3 million in a funding round led by VC firm Hashed.
The cash injection came as traders and professional investors demand for high-quality on-chain data and analysis. 

On-chain and market analysis tools for crypto markets provider Cryptoquant has secured $3 million in a recently completed funding round. Several investors participated in the round of investment with blockchain-founded venture capital (VC) firm Hashed as the lead investor. Other investors who engaged in the financing round are VC firms Youbi Capital and Galaxy Interactive. Specialized credit financial business Mirae Asset Capital also joined the list of participating investors in Cryptoquant’s funding. 

Hashed is known to financially support blockchain projects with high potential making their involvement critical. The firm focuses on supporting a decentralized future through its numerous investments. Hashed had formerly invested in public blockchain projects Klaytn and Line’s LINK. The firm’s CEO Simon Kim commented on the decision to finance Cryptoquant. Kim stated:

The CryptoQuant team has already built a world-class on-chain data analysis platform. Influencers, analysts, and leaders in the market have used CryptoQuant’s data for their content and opinions. These are distributed to various communities such as Twitter and Telegram, creating massive organic marketing effects for CryptoQuant.

Cryptoquant raises $3 million in funding round 

The funding came as there is increased demand for quality digital assets data due to the rise in crypto adoption. Data and analytics have been an essential need for most institutional investors and mega businesses. Through on-chain data, crypto fans can see what happens on the network and know about price movement. 

Traders leverage Cryptoquant services such as its data, news and educative information, and alerts. Data provided by the on-chain data and analytic firm covers 33 major exchanges, all miners, banks, as well as other entities. Additionally, Cryptoquant gives real-time alerts useful for traders. Furthermore, the firm’s pro charts help traders to manage risks in real-time, and its data API is useful for hedge funds and professional investors. 

Speaking on Cryptoquant’s mission, CEO Ki Young Ju noted:

Most crypto investors have anxiety when they invest in cryptocurrencies because they are struggling with making data-driven decisions due to a lack of time and knowledge. Without data, crypto investing would be gambling. That’s where CryptoQuant comes in. We started as a data provider, and now we’re on the mission to make the crypto market work for all people by giving them digestible data and community-driven insights.

Cryptoquant’s visitors spread across over 200 countries

Over the years, the analytic firm has expanded to become the largest data provider with the most monthly visitors. The platform records visitors from more than 200 countries globally. In addition, CryptoQuant’s paid visitors spend more than four hours weekly on the platform.  

Generally, Cryptoquant helps to reduce the challenges of data-driven investing as it saves research time. Also, it provides essential information that can help investors. Cryptoquant has comprehensive information on on-chain, derivative markets, and more. 

Der Beitrag Cryptoquant generates $3 million in Hashed-led investing round erschien zuerst auf Crypto News Flash.

Former CFTC officials argue whether crypto regulation falls under CFTC jurisdiction or the SEC

Former CFTC Chair claims that crypto regulation solely falls under the jurisdiction of the CFTC.
The SEC still intends to institute its authority in the crypto industry as the ecosystem largely lacks investor protection.

Former CFTC Chair Christopher Giancarlo has argued that the US Commodity and Futures Trading Commission (CFTC), is the only agency with experience in regulating crypto. The former CFTC chair claimed that cryptocurrencies do not fall under the SEC jurisdiction. Further, he urged the Biden administration to nominate a CFTC chairman if it is keen on regulating crypto.

Additionally, CFTC Commissioner Brian Quintenz backed these statements. Shortly after Giancarlo’s Twitter remarks, Quintenz also tweeted that the CFTC and not the SEC should regulate crypto. He argued that cryptocurrencies are commodities and therefore under the CFTC authority. The SEC, on the other hand, solely deals with securities.

Just so we’re all clear here, the SEC has no authority over pure commodities or their trading venues, whether those commodities are wheat, golf, oil…or crypto assets.

Subsequently, the US House Committee on Agriculture, a standing committee in the US House of Representatives expressed similar views. Through its official Twitter account, the committee argued that crypto is “bigger than the SEC”. Furthermore, Congress “needs to write the rules of the road to protect investors and innovation in the digital economy.”

CFTC response to SEC regulation of crypto assets

Lately, there has been a lot of tumult surrounding the regulatory status of cryptocurrencies, including stablecoins and crypto derivatives. Speaking at the Aspen Security Forum, SEC Chair Gary Gensler assured the SEC’s mandate covers the crypto industry. He also called for the agency’s increased regulatory oversight to include decentralized exchanges.

Nevertheless, the SEC boss has in the past, deemed Bitcoin, not a security. He still, however, has not given any stand on Ethereum’s classification despite numerous inquiries into the same. Rather, he has stressed that crypto-assets and their trading platforms lack adequate investor protection. This makes them susceptible to price manipulation among other illegal activities.

On the other hand, the CFTC declared years ago that crypto assets, including Bitcoin, are commodities. A statement on the regulator’s website explains,

Virtual currencies, such as Bitcoin, have been determined to be commodities under the Commodity Exchange Act (CEA).

Crypto regulation mayhem

In 2018, the US District Court for the District of Massachusetts ruled that cryptocurrencies are commodities. The CFTC, therefore, is warranted to prosecute crypto-related fraud cases. More so, the Digital Asset Market Structure and Investor Protection Act made a new pronouncement on crypto regulation. Introduced last week by US Representative Don Beyer, the Act gives the SEC authority over “digital asset securities.” The CFTC, on the other hand, is provided “authority over digital assets.”

In the past couple of years, however, the CFTC and the SEC have been working closely on cryptocurrencies consumer protection. Jointly, they have issued a number of what they call Investor Alters to inform investors regarding digital currencies. Topics covered include funds trading in Bitcoin futures and websites promoting fraudulent crypto trading.

Der Beitrag Former CFTC officials argue whether crypto regulation falls under CFTC jurisdiction or the SEC erschien zuerst auf Crypto News Flash.

340-Million-Year-Old Amphibian Had Large Fangs and Hunted Like a Crocodile

Paleontologists have recreated the first ever complete 3D skull of a 340-million-year-old tetrapod named Whatcheeria deltae and the results are quite fascinating. The word tetrapod means “four-legged” and includes amphibians, reptiles, and mammals.

The species of amphibian lived in the state of Iowa during the Early Carboniferous Epoch (between 359.2 and 299 million years ago) and was first described back in 1995. James Rawson, who is a researcher at the University of Bristol as well as his colleagues, described the species, “Whatcheeria deltae is among the earliest-branching limbed tetrapods represented by multiple near-complete specimens, making it an important taxon in understanding the vertebrate water-to-land transition.” Additionally, it could grow as long as 2 meters (6.6 feet) which includes its tail.

The researchers had a challenging job to digitally recreate the skull and bones as the remains were found squashed flat at the bottom of an old swamp underneath mud. The bones were put through a CT scanner and after they were digitally scanned, they were repaired and put back together in order to create a full 3D model of its skull to look exactly as it would have been when the creature was alive more than 300 million years ago.

Based on their 3D scans, they found that its skull was tall and narrow which was unusual for early tetrapods as Mr. Rawson explained, “Most early tetrapods had very flat heads which might hint that Whatcheeria deltae was feeding in a slightly different way to its relatives, so we decided to look at the way the skull bones were connected to investigate further.”

In order to find out how the creature attacked its prey, the researchers examined the connecting edges of the bones in the skull (these are named sutures) and they determined that the creature would have been “…well-adapted to delivering powerful bites using its large fangs,” as detailed by Emily Rayfield who is a professor at the University of Bristol.

Furthermore, the species had a large amount of overlapping sutures that were able to resist the force that the prey would have given off while twisting to get away. The back of its skull had more solid connections that helped to resist its powerful biting compressions. (An image of what the digital recreation of the Whatcheeria deltae’s skull looked like can be seen here.)

As for where it hunted, Mr. Rawson provided details, “Although this animal was still probably doing most of its hunting in the water, a bit like a modern crocodilian, we’re starting to see the sorts of adaptations that enabled later tetrapods to feed more efficiently on land.”

The study was published in the Journal of Vertebrate Paleontology where it can be read in full.

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Charles Hoskinson: Cardano’s Alonzo hardfork comibinator event coming by end of August

Cardano’s Hoskinson has stated that everything seems to be on track as the testing for Node 1.4 will start from next week onwards.
The Cardano Alonzo upgrade will also enable smart contract functionality for users.

On Wednesday, August 4, Cardano founder Charles Hoskinson updated the Cardano community about the upcoming Alonzo hardfork and the ongoing developments. The developers are getting all the required stuff together for version 1.4 node

Hoskinson noted that the Rosetta APIs and DB sinks are all in place. Starting next week, Cardano will bring together all of the exchange partners offering support and go with live testing. Thus, post the consolidated opinion of all stakeholders, they will come with a final date of Alonzo upgrade.

But tentatively, the Alonzo hard fork combinator event will happen during the last week of August or the first week of September. As per Hoskinson, things look to be going pretty much on track and nothing in sight that could lead to any major delay.

Alonzo Hardfork Combinator Event Date

— Charles Hoskinson (@IOHK_Charles) August 4, 2021

Hoskinson also stated that the first goal is to deploy the infrastructure layer. Later, atop it, the development tooling and new features become a running game.

Related: Cardano founder Charles Hoskinson criticizes the new infrastructure bill seeking crypto taxes

The Alonzo white hard fork implementation already happened last month that facilitates integration for most DeFi applications. This makes Cardano blockchain, even more, competing with the Ethereum blockchain network. Commenting on the testnet’s results back then, Cardano founder Charles Hoskinson said:

Things are looking good, we’ve discovered bugs and integration issues that we would expect to discover along the way. But we’re working through them – we’re following a rigorous process, but things overall are fairly stable.

Allowing users to run smart contracts on Cardano

Last week during his live stream on July 31, Hoskinson confirmed that post the upgrade, smart contracts will be available to the users of the Cardano blockchain. He added:

There are kind of two parallel tracks going on at the same time for the launch of Alonzo, track number one is the hard fork combinator event, strictly about getting Alonzo capabilities to the node the other track is about building the infrastructure around that node that allows you to run both off-chain and on-chain code and build full dApps.

It is clear that Cardano is closing gaps with its biggest competitor in terms of operations. The Cardano founder also added that the sophistication of things built atop Cardano will only get better with time. Now, there are numerous integration partners involved with the upgrade.

Der Beitrag Charles Hoskinson: Cardano’s Alonzo hardfork comibinator event coming by end of August erschien zuerst auf Crypto News Flash.

Russia creates system that allows the government to monitor crypto transactions

Russia’s financial monitoring service is set to unveil a system that will monitor crypto transactions.

It will also be used by the government monitoring service Rosfinmonitoring to monitor the crypto chains and analyze behavior.

Concerns raised against the use of cryptos are mainly focused on tax evasion, terrorist financing, and money laundering. As countries take a more radical approach through the creation of a hostile environment to discourage their use. Russia has devised an approach to perfectly control the use of the asset class rather than imposing a complete ban. 

According to a report, Russia’s financial monitoring service has unveiled a system that will monitor crypto transactions. Once this is implemented, the country will be able to identify potential users and analyze the market behavior. 

To be able to get access to in-depth crypto information, the system has been designed to track transactions and provide data on the value of a cryptocurrency transaction and wallet balance. It will also be used by the government’s monitoring service Rosfinmonitoring to monitor the crypto chains and analyze behavior. This will effectively assist their operations by creating a database of cryptocurrency wallets associated with terrorist financing and other illegal activities. 

Russia seeks to remove anonymity

The tracking service will be created by a subsidiary of the largest banking and financial services company in the country, Sberbank. In 2020, Russian President Vladimir Putin signed a law permitting Russians to buy and sell digital currencies. By digital currencies, the law stressed that:  

They are recognized as an aggregate of electronic data capable of being accepted as the payment means, not being the monetary unit of the Russian Federation or a foreign state, and as investments. TDigitalcurrency cannot be used at the same time to pay for any goods and services.

However, the growth of crypto popularity has forced authorities to come out with a system to track transactions and de-anonymize users. This is what the proposed Rosfinmonitoring system seeks to achieve according to Moscow Digital School expert Yefim Kazantsev. 

Rosfinmonitoring was first sought after a tracking tool in 2018, then later reinstated its plan in 2020. This was to uncover the likes of contract killing, drug trafficking, tax evasion, cybercrime, financing of extremism, and sales of information from closed databases. 

The project seeks to partially remove the anonymity of participants in transactions with cryptocurrencies in Bitcoin, Ethereum, Omni, Dash, and Monero systems.

Many countries have responded to these problems by imposing strict regulations on exchanges like Binance to protect consumers. Binance has recently urged users to complete their Know-Your-Customer (KYC) verification amid pressure from international regulators. Also, the exchange has integrated a tax reporting tool to enable users to keep track of their crypto activities. 

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JPMorgan reportedly working on a Bitcoin fund for wealthy clients

JPMorgan Chase has started pitching its in-house Bitcoin fund to its Private Bank clients. 
Although there are currently no investments in the fund, the bank has already held a call with advisers to brief them on the development.

Investment banking company JPMorgan Chase has reportedly started pitching its Private Banks clients on a passive Bitcoin fund. The matter on the Bitcoin fund for wealthy clients of JPMorgan was revealed by two sources familiar with the development. Basically, JPMorgan Private Bank is offering a passively managed fund to its customers. 

JPMorgan announces In-house Bitcoin fund

According to the sources, the Bitcoin fund is in partnership with Bitcoin-dedicated tech and financial services firm New York Digital Investment Group LLC (NYDIG). Currently, no client has invested in the passively managed fund, the sources revealed. However, there may be a change to the investment story soon as the investment bank recently had a call with advisers to brief them on the development. 

Speaking on the advantage of the Bitcoin fund by JPMorgan, the sources noted that it would be offered to clients as the most secure and affordable Bitcoin investment vehicle available on the private markets.

Notably, JPMorgan’s CEO Jamie Dimon has never been a fan of Bitcoin. The CEO had made several antagonizing comments on Bitcoin but specifically said he is “not a Bitcoin supporter.” Dimon mentioned a while ago that he also does not care about BTC. However, the bank’s CEO acknowledged that clients are interested in the digital asset, and JPMorgan has the responsibility of satisfying the needs of its consumers. 

Maintaining his stance as a non-supporter of Bitcoin, Dimon declared in a statement: 

On the other hand, clients are interested and I don’t tell clients what to do.

JPMorgan becomes the first bank to offer BTC to retail customers 

Last month, JPMorgan became the first bank in the US to offer Bitcoin to retail customers. Sources from the bank confirmed that the it sent a memo to all its financial advisers to access and by orders for five crypto products. Out of the five products, four are Grayscale’s Trust offerings. They are the Bitcoin trust, Ethereum Trust, Ethereum Classic Trust, and the Bitcoin Cash Trust. The other product that is not a Grayscale offering is the Osprey Funds’ Bitcoin Trust.

As client demand for crypto assets increases, traditional financial institutions have started moving to offer crypto-related services to their consumers. Other banking giants such as Morgan Stanley and DBS Group Holdings Ltd. have also considered offering crypto services to clients. DBS Private Bank began the first-ever bank-backed crypto trust services in Asia. 

When the DBS announced the services in May, the bank said that banking clients would be able to safely invest. DBS also assured that clients will customize and manage their assets in a well-structured manner. In addition, the offering was established in the DBS Digital exchange. As such, the supported cryptocurrencies are the ones hosted on the digital exchange. They are Bitcoin (BTC), Bitcoin Cash (BTC), Ether (ETH), and Ripple’s XRP. 

Der Beitrag JPMorgan reportedly working on a Bitcoin fund for wealthy clients erschien zuerst auf Crypto News Flash.