Minh Vuong (@reptalas) • Hey
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Publications
- Trident Digital Group Raises $8M in Seed Round
Trident Digital Group, a promising startup founded by former Coinbase executives recently secured an impressive $8 million in investment funding for its crypto lending business.
**The Trident Promise**
This funding round was co-led by White Star Capital and New Form, with prominent participation from CMT Digital, Joint Effects, and Permit Ventures. Trident’s successful fundraising efforts are a testament to the industry’s belief in the startup’s mission.
In the midst of crypto lending market turmoil, investors are showing strong support for Trident’s vision to address the core issue of counterparty risk. Anthony DeMartino, the CEO of Trident Digital Group, highlighted the significance of counterparty risk in the crypto lending market.
He emphasized that this factor, often overlooked in previous cycles, has become the primary obstacle preventing lenders from re-entering the market with confidence. Trident’s solution aims to provide a comprehensive approach to risk management, bridging the gap between security and capital efficiency.
As Trident Digital Group continues its journey, the $8 million raised in this seed round will serve as a solid foundation upon which to build. With a clear vision, a strong team, and the backing of prominent investors, Trident appears poised to make a meaningful impact in restoring liquidity and trust to the crypto lending market.
- What is Monero? A Brief History of the World's Top Privacy Coin
**Monero currently occupies the foremost position among privacy cryptocurrencies in terms of market capitalization. The following Learning and Insights explainer briefly delves into the origins and development of Monero (XMR), emphasizing its distinctive features, such as anonymous transactions and untraceable payments, that set it apart from its peers.**
The Genesis of Monero: A Look at Monero’s Inception
Monero (XMR) has emerged as one of the most widely utilized and valuable privacy coins since its inception in 2014. Unlike the multitude of forks derived from Bitcoin’s codebase, Monero was constructed on the Cryptonote protocol, initially implemented by Bytecoin in 2012. While Bytecoin introduced innovative privacy features like ring signatures, it was reported that 80% of its coins were premined.
Consequently, in 2014, anonymous developers forked the Bytecoin blockchain to create Bitmonero, which was later renamed Monero. The new Monero blockchain produced a block every two minutes but without the premine associated with Bytecoin. Presently, Monero’s hashrate is coasting along at 2.30 gigahash per second (GH/s) or 2,296,248,004 hashes per second.
- CFTC Charges Fraudulent Utah Man $2M For Restitution
United States regulator, The Commodity Futures Trading Commission (CFTC) has charged one Utah man, Jacob Orvidas, for fraudulent activities.
Consequently, he is required to pay more than $2 million in restitution and a $500,000 civil monetary penalty. Orvidas is expected to cease and desist from violating the Commodity Exchange Act any further.
In addition to these settlement charges, the 28-year-old Utah man has been levied with a 10-year registration and trading ban. According to CFTC’s Director of Enforcement Ian McGinley, it is the core of the agency’s digital-asset enforcement program to protect ordinary people.
**Orvidas Deceives Four Pool Investors**
Orvidas’ dubious activities took place for almost two years; from approximately October 2017 through at least July 2020. He solicited about four pool participants to trade leveraged Bitcoin (BTC) on their behalf in a commodity pool. He deceived them with empty promises of outrageous profit.
The CFTC filing highlighted that “Orvidas told one pool participant that another client contributed $100,000 worth of bitcoin and cashed out at $2.7 million, and that “[c]rypto trading is a joke . . . [i]t’s like printing money . . . .,” and none of this was true.
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- Working hard for new future
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- Learned about all the web3 lingo on @orbapp.lens app, and also got a NFT. Now I'm certified slang master 🧙
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- Learned about basic fundamentals of Non-Fungible Token (NFT) on @orbapp.lens app, and also got a sick NFT 🤩
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- Learned about basic fundamentals and mission of @orbapp.lens project, and got a sick NFT 🔥
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- Learned about basic fundamentals and features of @LensProtocol on the @orbapp.lens app, and got a dope NFT 🌿
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- Learned about basic fundamentals of crypto wallet on @orbapp.lens app, and got a sick NFT 🤯
#orb #orbapp #orbsbt
- Learned about basic fundamentals of web3 on @orbapp.lens app, and got a dope NFT 😇
#orb #orbapp #orbsbt
- Economist Peter Schiff Warns the US Dollar Will Crash — Says 'We're Going to Default'
Economist Peter Schiff has warned that the U.S. dollar will crash. Noting that the U.S. is “in a much bigger fiscal mess than Great Britain,” with a much bigger debt problem, Schiff stressed: “Can we possibly repay this debt? Of course not. Repaying the debt is impossible. So, what’s going to happen? We’re going to default.”
https://news.bitcoin.com/economist-peter-schiff-warns-the-us-dollar-will-crash-says-were-going-to-default/
- Bitcoin, Ethereum Technical Analysis: BTC Slips, Following Move Above $21,000
https://news.bitcoin.com/bitcoin-ethereum-technical-analysis-btc-slips-following-move-above-21000/
- If a day you don't do something is a meaningless day
But if for a day you only work but don't play, it's a meaningless life
- Well, im here, ready for new web3-social !