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• Arbitrum has launched its native governance token, ARB.
• Early users can check their eligibility for the airdrop.
• The Arbitrum Foundation is launching a decentralized autonomous organization (DAO) and airdropping a portion of ARB to its early users.

Arbitrum Launches Governance Token

Arbitrum has launched its native governance token, ARB. This means that Arbitrum is launching a decentralized autonomous organization (DAO) and airdropping a portion of ARB to its early users.

Eligibility for Airdrop

Early users can check their eligibility for the airdrop by meeting one or more of the following criteria before February 6, 2023: bridging funds into Arbitrum One; conducting transactions during distinct months; conducting more than four transactions and interacting with more than four different smart contracts; conducting transactions exceeding $10,000 or more in value; depositing more than $10,000 of liquidity into Arbitrum; bridging funds into Arbitrum Nova; and conducting more than three transactions in Arbitrum Nova. Users can check if they’re eligible for the airdrop here: https://arbitrum.foundation. Claiming starts on March 23.

ARB Token Distribution

The total amount of tokens allocated to users through an airdrop is 11.62%. In total, 1.162 billion ARB will be distributed via an air drop to user wallet addresses. Additionally, 44.47% of the total ten billion ARB will be allocated to Offchain Labs, the development team behind Arbitrum, as well as advisors and investors associated with the project..

ARB Token Value

The value of each ARB token has yet to be determined but they will not be used for fees on the platform itself.

Decentralizing Arbitum

In addition to the launch of the token itself, Arbitum also announced that it is taking steps towards decentralization by forming an official DAO structure for both its platforms – Arbritum One and Arbritum Nova – where governance decisions will be made democratically utilizing these newly minted tokens as votes on various matters within these networks

• The U.S. government has moved around $1 billion in BTC to Coinbase, sparking speculation of a possible dump.
• Cryptobank Silvergate is on the brink of bankruptcy and the U.S. Federal Reserve is becoming more hawkish with anticipations for larger rate increases.
• If the BTC dump were to happen, it could possibly retest its $20,000 resistance zone.

U.S Government Moves $1B in Seized BTC

The U.S government recently moved around 40,000 seized Bitcoin (BTC), which is valued at approximately $1 billion, to Coinbase from wallets associated with law enforcement seizures according to blockchain intelligence and data platform Glassnode. Of these funds, 9,861 BTC were seized from the Silk Road hacker raising speculations that a BTC dump might be incoming soon as market participants are already trading down 1.4% on the day due to this news.

Cryptobank Silvergate Bankruptcy & U.S Federal Reserve Rate Increases

The crypto markets have had an optimistic start to the year with most coins and tokens going up significantly since January but have become increasingly challenging in recent weeks as Cryptobank Silvergate teeters on the brink of bankruptcy and as the U.S Federal Reserve turns hawkish anticipating larger rate increases with a current Federal Funds Rate at 4.57%.

BTC Resistance Zone Retest?

The possibility of a dump has left many worrying about whether BTC will once again experience retesting its $20,000 resistance zone if such a dump were to occur especially with Fed Chairman Jerome Powell testifying Tuesday that further rate increases may help curb inflation leading some futures predicting a 53% chance of a 50 bps rate hike by March end resulting in rates potentially reaching 6%.

Crypto Markets Impacted By News

The news of Silvergate’s financial troubles last week sent shockwaves through out crypto markets wiping out billions within minutes causing Bitcoin (BTC) alone to drop 5% while other altcoins followed suit experiencing dumps as well due to this news adding onto investors worries even further despite the optimistic start this year had brought them so far regarding their digital assets investments..

Conclusion

Given all these economic factors playing into effect it will be interesting to watch how cryptocurrencies react in terms of prices over the coming days and weeks given that they have been an unpredictable asset class thus making it difficult for market participants and investors alike when trying to predict price movements based off current news events circulating throughout media outlets today

• Robinhood, a securities brokerage firm with crypto services, has received a subpoena from the SEC and California Attorney General’s Office.
• The SEC is looking into its cryptocurrency listings, custody of cryptocurrencies and platform operations.
• This is part of the wider regulatory crackdown on crypto in the U.S., which has also impacted Kraken, Binance, and Paxos.

Robinhood Receives Subpoena from SEC

Robinhood, a securities brokerage firm that also offers cryptocurrency services, has revealed that it’s been affected by the collapse of FTX late last year. The company disclosed in a 10-K filing that it received a subpoena from the U.S. Securities and Exchange Commission (SEC) last December relating to its „cryptocurrency listings, custody of cryptocurrencies and platform operations.“

California Attorney General Involved

Robinhood also said it received a subpoena from the California Attorney General’s Office seeking information about its trading platform, business and operations, custody of customer assets, customer disclosures, and coin listings. Robinhood currently lists 18 cryptocurrencies, including bitcoin (BTC), ether (ETH), and dogecoin (DOGE). The company said that if the SEC deems some of these as securities they might be forced to delist them.

Wider Regulatory Crackdown

The attention Robinhood is getting from the SEC and other institutions seems to be part of a wider regulatory crackdown on crypto in the U.S. Multiple other crypto-related companies have recently been impacted by decisions made by the SEC including Kraken, Binance, and Paxos.

Kraken Fined $30 Million

For example, a few weeks ago, the SEC forced Kraken to pay a $30 million fine and shut down its staking services because it sold unregistered securities. On top of that ,the SEC has also sued Paxos for issuing an unregistered security – BUSD – which is backed by Binance.

Conclusion

Overall this article highlights how Robinhood has been targeted as part of a wider crackdown on crypto businesses in America by both State authorities like California AGs office as well as Federal ones such as US SEC forcing fines or closures if found guilty selling unregistered securities .

• The Klaytn Foundation has announced changes to the network’s governance system and KLAY tokenomics model.
• These changes aim to increase community involvement in the blockchain and make it more sustainable.
• In response, the price of KLAY has surged by 49.3% over the last week and currently trades at $0.2901 with a market cap of $884.5 million.

Klaytn (KLAY) Changes Tokenomics and Governance Models

Changes Aim To Increase Decentralization

The Klaytn Foundation, a major developer and code maintainer of the Klaytn blockchain, has announced that it is changing the governance system and tokenomics model of the native KLAY tokens. These changes will increase sustainability and decentralization of the blockchain as well as increase community involvement in decision-making processes for the network.

KLAY Outperforms Crypto Market

In response to these changes, KLAY is now one of the biggest crypto gainers, rising by 49.3% last week. Today, KLAY trades as high as $0.3024 for the first time since October 2022 and exchanges hands at $0.2901 with a market cap of $884.5 million.

GC Voting on New Proposal

The proposal drawn in collaboration with Klaytn Governance Council (GC) will hold detailed changes to be made to token model of native KLAY tokens including how uncirculated (reserve) KLAY tokens are handled which will be presented in a revamped tokenomics proposal for GC voting from February 22nd through February 28th.

Roadmap For 2023 Release On Feb 27th

On February 27th, The foundation will release Klaytn’s roadmap for 2023 unveiling future plans for development, technical upgrades as well as other areas where they plan to expand their services such as smart contracts, distributed storage solutions etc..

• Optimism airdropped 11.7 million OP tokens to active ecosystem users who have delegated their voting power and spent more than $6.10 on layer 2 gas since March 25, 2022.
• The team behind the project also said that it’s going to do more airdrops in the future.
• Following the airdrop announcement, Optimism’s OP token went down by almost 9%.

Optimism Airdrops Millions of Tokens

Optimism airdropped millions of OP tokens to active ecosystem users on Thursday. The team warned that there’s no need to claim the tokens – they’ve been sent straight to the eligible users‘ wallets. A snapshot of the airdrop was taken on January 20, 2023 and 11.7 million tokens were allocated to those users who have delegated their voting power and spent more than $6.10 on layer 2 gas since March 25, 2022.

More Airdrops To Come

The team behind the project also said that it’s going to do more airdrops in the future in order to further facilitate positive-sum behavior in the ecosystem. It’s never too late for users to participate in these airdrops as they come up!

OP Token Reacts Negatively

Optimism’s governance token OP dumped on news of the second airdrop, dropping by almost 9% from its 24-hour high of $2.54 down to $2.32 following the announcement, according data from CoinGecko. Despite this sharp decrease in price following the news of an extra incentive for its user base, OP still remains one of 2021’s best performing tokens starting from just under 1 dollar at beginning of year before peaking at an all-time high of 3 dollars and 19 cents on February 3rd – an increase of 250%.

Unlock Schedule Not Great

Industry observers have pointed out that OP has one of 2021’s worst unlock schedules with only around 214 million out 4 billion 29 million currently being circulated with 5 point 1 million worth being emitted daily until June 16th when all unlocked tokens are expected be released into circulation .

Conclusion

Despite some negative reactions regarding its unlock schedule, Optimists is still proving itself as one 2021’s most successful projects having successfully given away even more incentives for its userbase whilst still retaining value despite decreases due second airdrop announcement

• Binance recently purchased 41.2% of South Korean crypto exchange GOPAX as part of its Industry Recovery Initiative (IRI).
• This move is to rebuild the Korean crypto and blockchain industry following an ultimatum from authorities which caused Binance to discontinue its services in 2021.
• The investment is also geared towards improving user protection standards, improving user education and boosting the local ecosystem with Binance’s technology and liquidity.

Binance Invests in South Korean Exchange GOPAX

Binance has announced that it has bought 41.2% of crypto exchange GOPAX shares as part of its Industry Recovery Initiative (IRI). The move is a bid to return to South Korea and rebuild the country’s cryptocurrency and blockchain industry after facing difficulties due to its ties with Genesis Global last November.

Industry Recovery Initiative

The IRI was designed by Binance CEO Changpeng Zhao (CZ) to aid „promising companies“ impacted by last year’s events. As per reports, Binance aims to work closely with GOPAX, improve user education and blockchain awareness, cooperate with the South Korean regulators, and support the local ecosystem with Binance’s technology and liquidity through this initiative.

Discontinuation of Services in 2021

Last year, due to an ultimatum from the country’s Financial Intelligence Unit demanding that Binance must register according to new anti-money laundering laws or face criminal charges, the cryptocurrency exchange had discontinued its trading pairs and payment options in South Korea.

Returning To South Korea With Investment

With this recent investment in GOPAX, however, Binance can now return to provide cryptocurrency services through this partner exchange in South Korea again. By working closely with GOPAX, they hope to boost user protection standards while also educating users about cryptocurrencies through their platform @BinanceAcademy.

Objective: Boosting Crypto Ecosystem

The main objective behind this move is for Binance to further rebuild the Korean crypto industry with better user protection standards as well as improved user education about cryptocurrencies through their academy program on @BinanceAcademy platform

• The world is currently facing a global pandemic due to the novel coronavirus.

• This pandemic has caused disruption to economies, businesses and everyday life.

• Governments and organizations around the world have implemented strategies to combat the virus and its impacts.

The novel coronavirus, also known as COVID-19, has caused a global pandemic that has had far-reaching consequences on the way we live our lives and conduct business. Every country around the world has been affected in some way, with varying degrees of severity. Governments and organisations have had to implement strategies to combat the virus and its impacts.

In terms of health and safety, governments have implemented measures such as social distancing, wearing face masks and encouraging frequent hand washing in order to reduce the spread of the virus. Lockdowns and travel restrictions have been imposed in some countries, which has had a significant impact on the global economy.

Businesses have had to adapt to the new normal by pivoting their operations and implementing remote working. Many organisations have had to reduce their workforce in order to stay afloat. Governments have provided financial assistance to businesses and individuals in order to help them cope with the economic crisis.

In terms of education, many schools have had to switch to online learning, with students learning from home. This has presented challenges for both students and teachers, who have had to adjust to the new learning environment.

Organisations and charities have responded to the pandemic by mobilising resources and providing aid to those in need. This includes providing food, medical supplies, and financial assistance to vulnerable communities.

The world is facing an unprecedented crisis, and it will take a collective effort from governments, organisations and individuals to tackle the virus and its impacts. While it is a difficult time, there are still some glimmers of hope. The world is coming together to fight this pandemic and it is important to remain positive and stay informed.

Bulletpoints:
• Fintech lawyer Lisa Rubin discussed the importance of seeking legal advice before launching a crypto company.
• The Crypties 2022: Highlight Reel was held in December 2022 at Art Basel in Miami.
• Kathleen Breitman talked about Tezos‘ proof-of-stake mechanism and NFT gaming at Web Summit in Lisbon.

Fintech Lawyer: Crypto Companies Need to Seek Legal Advice Before Launch

With the crypto industry growing at a rapid pace, it is becoming increasingly important for crypto companies to seek legal advice before launching. Lisa Rubin, a blockchain attorney with Paul Hastings, sat down with Decrypt’s Jason Nelson at 0xpo Crossroads in San Francisco on November 3 to discuss legal misconceptions the industry still holds.

Rubin noted that many crypto companies fail to plan ahead and think through the legal implications of their product. She stressed the importance of seeking legal advice early on and making sure that the company is compliant with all relevant laws and regulations. Rubin also warned against tokenizing real-world assets without proper legal advice, as this could lead to serious legal consequences.

In December 2022 at Art Basel in Miami, Decrypt Studios held the inaugural Crypties awards gala. With emcee Josh Ostrovsky („The Fat Jewish“) and presenters from a range of crypto projects, statuettes were awarded in nine categories. The evening was sponsored by Polygon, Filecoin Foundation, Lamina1, Async, BeetsDAO, The Gold Mask, Gem Set, Breakout, Anonymous, Infinite Objects, Ape Water, Decentralized Pictures, and Vault 721.

At Web Summit in Lisbon, Tezos co-founder Kathleen Breitman discussed how the Tezos blockchain has used a proof-of-stake mechanism since its inception, her admiration for Tendermint, Ethereum and sharding, progressive decentralization, and NFT gaming with Decrypt’s Stephen Graves onstage.

The final panel of the day was a discussion about raising in a bear market, featuring Clay Robbins of Slow Ventures, Soona Amhaz of Volt Capital, and Andrew Kiguel of Conviction and AngelBlock. They discussed the challenges of fundraising in a bear market and how to ensure the sustainability of a project.

It is clear that the crypto industry is growing exponentially and the need for legal advice is becoming more and more important. Companies must do their due diligence and seek legal advice before launching their projects, as this could save them from potential legal issues down the line. Finally, events such as the Crypties, Web Summit and 0xpo Crossroads provide valuable insight into the industry, and allow industry participants to network and gain knowledge.

• Phantom Co-Founder Francesco Agosti participated in 0xpo Crossroads in San Francisco on November 3 to discuss the history of Phantom and his hopes for Web3.
• The Crypties 2022 awards gala was held in December 2022 in Miami, with many sponsors and celebrity emcee Josh Ostrovsky.
• Tezos co-founder Kathleen Breitman participated in Web Summit Lisbon in 2022, talking about the Tezos blockchain, progressive decentralization and NFT gaming.

In November of 2020, the world of Web3 was abuzz with news of the upcoming 0xpo Crossroads event in San Francisco. This event, sponsored by Decrypt, featured a wide variety of speakers from the world of cryptocurrency and blockchain. One of the most prominent of these speakers was Francesco Agosti, the co-founder of Phantom, a popular decentralized application (dApp) on the Solana blockchain. At the event, Agosti spoke about the history of Phantom and what he was looking forward to in the future of Web3. Agosti discussed the promise of blockchain technology and the potential for it to revolutionize the way we interact with the world. He also highlighted some of the challenges that the industry faces, such as scalability and usability, and what Phantom is doing to tackle these issues.

Later in the year, in December of 2022, the first ever Crypties awards gala took place in Miami at Art Basel. This event was sponsored by some of the biggest names in the crypto space, such as Polygon, Filecoin Foundation, Lamina1, Async, BeetsDAO, The Gold Mask, Gem Set, Breakout, Anonymous, Infinite Objects, Ape Water, Decentralized Pictures, and Vault 721. The event was hosted by Josh Ostrovsky, better known as “The Fat Jewish”, and featured presenters from a variety of crypto projects. Nine awards were presented in total, with the winners being recognized for their achievements in the industry.

Finally, in Lisbon in December of 2022, Tezos co-founder Kathleen Breitman took the stage at the Web Summit to discuss the Tezos blockchain and its use of a proof-of-stake mechanism since its inception. She also talked about her admiration for Tendermint, Ethereum, and sharding, as well as her thoughts on progressive decentralization and NFT gaming. Breitman highlighted the potential of blockchain technology and how it is changing the way we interact with the world, and also discussed some of the challenges that the industry still faces, such as scalability and usability.

Overall, the past year has seen a great deal of progress in the world of Web3 and blockchain technology. From Agosti’s talk at 0xpo Crossroads, to the Crypties awards gala, to Breitman’s presentation at Web Summit, it is clear that the industry is continuing to make strides towards mainstream adoption. The events of the past year have highlighted the potential of blockchain and the potential for it to revolutionize the way we interact with the world. With more events and advancements on the horizon, the future of Web3 looks bright.

• Lisa Rubin, a blockchain attorney with Paul Hastings, discussed legal misconceptions the industry still holds at 0xpo Crossroads in San Francisco.
• The Crypties 2022 awards gala was held at Art Basel in Miami and had presenters from a range of crypto projects.
• Kathleen Breitman of Tezos talked about her blockchain’s proof-of-stake mechanism, Ethereum and sharding, and NFT gaming onstage at Web Summit in Lisbon.

At 0xpo Crossroads in San Francisco on November 3, Lisa Rubin, a blockchain attorney with Paul Hastings, discussed the legal misconceptions that still exist in the industry. She outlined the importance of seeking legal advice before launching a crypto project, and emphasized the need for companies to have a good understanding of the applicable laws. Rubin pointed out the importance of working with lawyers who are knowledgeable about the industry and are familiar with the key players in the space.

In December 2022, Decrypt Studios held the inaugural Crypties awards gala at Art Basel in Miami. Josh Ostrovsky („The Fat Jewish“) served as emcee and presenters from a range of crypto projects were in attendance. The event was sponsored by Polygon, Filecoin Foundation, Lamina1, Async, BeetsDAO, The Gold Mask, Gem Set, Breakout, Anonymous, Infinite Objects, Ape Water, Decentralized Pictures, and Vault 721.

At Web Summit in Lisbon in the same year, Tezos co-founder Kathleen Breitman talked about how the Tezos blockchain has used a proof-of-stake mechanism since its inception. She expressed her admiration for Tendermint, Ethereum, and sharding, and discussed progressive decentralization and NFT gaming with Decrypt’s Stephen Graves.

The importance of legal advice within the crypto industry was further highlighted by the discussion at 0xpo Crossroads. Lisa Rubin, a blockchain attorney with Paul Hastings, discussed the legal misconceptions that still exist in the industry. She explained the need for companies to seek legal advice before launching a crypto project, and pointed out the importance of working with lawyers who are knowledgeable about the industry and are familiar with the key players in the space.

At the Crypties 2022 awards gala at Art Basel in Miami, Josh Ostrovsky („The Fat Jewish“) served as emcee and presenters from a range of crypto projects were in attendance. The evening was sponsored by Polygon, Filecoin Foundation, Lamina1, Async, BeetsDAO, The Gold Mask, Gem Set, Breakout, Anonymous, Infinite Objects, Ape Water, Decentralized Pictures, and Vault 721.

At Web Summit in Lisbon, Kathleen Breitman of Tezos talked about her blockchain’s proof-of-stake mechanism and its use since inception. She discussed her admiration for Tendermint, Ethereum, and sharding, as well as progressive decentralization and NFT gaming with Decrypt’s Stephen Graves onstage. Breitman also highlighted how Tezos was ahead of the proof-of-stake merge.

It is evident that legal advice is an essential part of any crypto project. Companies need to have a good understanding of the applicable laws and regulations, and seek legal advice before launching. They also need to work with lawyers who are knowledgeable about the industry and familiar with the key players in the space. Furthermore, events like the Crypties 2022 awards gala and Web Summit provide an opportunity for the industry to come together and celebrate its achievements.