The Hong Kong Technology Crime Police Advisory Group has warned about the rise of digital asset-linked crime, calling for the establishment of a regulatory system to identify and eliminate risks associated with this tech. According to police data, almost 0 million was involved in digital asset crimes during 2023, with 90% of these cases involving […]
Bitcoin News
UK Shuts Down Crypto Advisory Firm for Misleading Investors and Poor Financial Records
The UK government announced this week that the Insolvency Service has secured a winding-up order against cryptocurrency advisory firm Amey Finance Academy Ltd at the High Court. The company, created by Desmond Amey in 2018, claimed to offer investment advice and financial education. However, complaints emerged that consumers lost money, and the Financial Conduct Authority […]
Bitcoin News
“A Who’s Who of Web3”: Sector’s Biggest Names Sign-up to Bionic’s Advisory Board
PRESS RELEASE. Game-changing capital formation platform Bionic DAO today unveiled a list of the big-name sector leaders who have agreed to join its new Advisory Board ahead of the platform’s launch in Spring 2024. The stellar list of names signing up to support Bionic DAO, one of the year’s most eagerly anticipated Web3 projects, has […]
Bitcoin News
Britain’s Former Finance Minister George Osborne Joins Coinbase’s Global Advisory Council
Britain’s former chancellor of the exchequer, George Osborne, joins Coinbase’s global advisory council. Osborne becomes the latest high-profile politician to join the crypto exchange’s advisory council. The former finance minister has said he is looking forward to working with Coinbase as it builds “a new future in financial services.”
Coinbase to Tap Into Osborne’s Wealth of Experience
George Osborne, the former British finance minister, has joined the global advisory council of the U.S. cryptocurrency exchange Coinbase. Osborne joins Mark Esper, the former U.S. Secretary of Defense, and former U.S. Senator Patrick Toomey (R-PA) who already serve as the crypto exchange’s global strategy advisers.
Coinbase, which has faced off with U.S. regulators like the Securities and Exchange Commission (SEC), praised Osborne’s addition to the growing list of powerful politicians who advocate or support the crypto cause. Remarking on Osborne’s appointment, Faryar Shirzad, Coinbase’s chief policy officer, said:
“Pleased to have George join our council at an exciting time for us in the U.K. and globally. George brings with him a wealth of experience in business, journalism and government. We look forward to relying on his insights and experiences as we grow Coinbase around the world.”
Financial Markets Transformation and the Blockchain Link
According to a CNBC report, Coinbase has hired the former British Chancellor of the Exchequer, George Osborne, to connect the company with politicians and regulators. Coinbase hopes that such connections will help influence legislators and regulators to come up with crypto-friendly regulations.
Osborne, who served as the Chancellor of the Exchequer between 2010 and 2016, linked the financial markets’ transformation to the blockchain. The former finance minister said he is looking forward to working with Coinbase as it builds “a new future in financial services.”
Meanwhile, the confirmation of Osborne’s appointment to the advisory council was immediately followed by reports suggesting that Coinbase and Ripple are among the biggest financial backers of the super political action committee (PAC) Fairshake.
Fairshake reportedly aims to support pro-crypto politicians on both sides of the divide. It has raised million with crypto firms alone accounting for two-thirds of this. The other major crypto donors are Andreessen Horowitz’s a16z and Electric Capital.
What are your thoughts on this story? Let us know what you think in the comments section below.
Shiba Inu DAO Gets Serious With New Advisory And Investment Firm
Shiba Inu, an Ethereum-based cryptocurrency, is bolstering its commitment to driving its ambitious goals in the crypto industry by appointing a new tech advisor. The move will see Alpha Transform Holdings (ATH) providing expertise and advice to the Shiba Inu DAO Foundation.
Strategic Partnership with Alpha Transform Holdings
In a Twitter post released by Lucie, a Content Marketer for the Shiba ecosystem, it was revealed that Alpha Transform Holdings, a leading cryptocurrency advisory venture capital firm would be entering a counseling role for the foundation behind Shiba Inu DAO.
The update was disclosed on Monday, August 14 in a press release where ATH underlined all the benefits Shiba Inu could potentially gain from decades of experience providing expertise advice to major crypto projects in the industry.
The partnership between Shiba Inu DAO and ATH was enthusiastically welcomed by Alpha Transform Holdings’s Partner, Media, and Entertainment lead, Seth Shapiro. He emphasized Shiba Inu’s pivotal role in transforming the future of the Web3 space and showed full support for the new alliance.
“In the past 15 years, web2 technologies, mobile, streaming, and social, have rewritten the economics of media. We believe that web3 will have a significant impact in the coming years. The Shiba Inu ecosystem is one of the first to offer a 360 strategy for M&E integration at scale. We look forward to working with their team as this next era begins,” Shapiro stated.
ATH Contribution To Shiba Inu DAO Growth
Alpha Transform Holdings is a new holding company with a team of advisors and strategic partners. According to reports, ATH’s team will provide Shiba Inu DAO with collective experience and knowledge of investments, industry technology, and operations.
The digital asset organization includes a team of professionals in multiple fields including banking, design, and technology, who are said to have deep experience in providing support on topics such as mergers, IPOs, strategic developments, token economics, and more.
ATH has also made partnerships with several high-value organizations, which SHIB potentially stands to benefit from. Some of these organizations include Nasdaq, Disney, and News Corp, veteran companies that have counseled leading blockchain projects like Ethereum and Tether.
Shiba Inu Lead Developer, Shytoshi Kusama has shown ardent support for the new alliance with ATH. He stated his anticipation towards Shiba Inu’s future with ATH guidance especially with Shibarium, Shiba Inu’s upcoming layer 2 Shibarium project almost finalized.
“Now that Shibarium is nearly complete, and our full structure placed at the feet of the world, we couldn’t ask for a better partner to help shepherd this next phase of the Shiba global phenomenon,” Kusama stated. “We look forward to Alpha Transform helping our Foundation swiftly and effectively chart the best course possible for the future of the Shiba Inu Ecosystem.”
Former White House Senior Advisor David Plouffe Joins Alchemy Pay Advisory Board
Serving as a committee member of Alchemy Pay’s management and advisory board, and as Global Strategic Adviser to support Alchemy Pay’s expansion and growth in global markets, contributing actively to strategy, compliance and government relations.
Alchemy Pay, Singapore based pioneer of the world’s first payment gateway solution to bridge the gap between fiat and crypto economies, has announced the appointment of legendary campaign manager and former White House Senior Advisor, David Plouffe, as Global Strategic Advisor.
Plouffe is credited with the strategy and grass-roots public engagement savvy that won Obama’s 2008 presidential campaign, subsequently becoming Senior Advisor to the President in the Obama Administration. Plouffe has noted Alchemy Pay’s backbone mission in the cryptocurrency industry, and its steady course and leadership in the industry’s evolution.
“Cryptocurrency and decentralized ledgers are the newest permanent features of the global economy,” said Plouffe. “Alchemy Pay has chosen to focus on bridging public sector and private sector agendas as a strategy in its mission to provide fiat-crypto transaction services. Alchemy Pay understands that the key to crypto sustainability and growth is broadening utility cases by focusing on payment channels, proper compliance and user experience.”
After his work for Obama, Plouffe became the Senior Vice President of Policy and Strategy for Uber in 2019, and in 2022 Plouffe joined the Binance Global Advisory Board.
About Alchemy Pay
Founded in Singapore in 2018, Alchemy Pay is a payment gateway that seamlessly connects crypto and global fiat currencies for businesses, developers, and users. The Alchemy Pay Ramp Solution is integrated, via plugin or API, with platforms and dApps, providing an easy onramp from fiat currency to crypto. Alchemy Pay supports payments from 173 countries, through Visa, Mastercard, Google Pay, Apple Pay, popular regional mobile wallets, and domestic transfers with a focus on emerging markets. Its offramping capability remits to users in 50+ local fiat currencies. ACH is the Alchemy Pay network token on Ethereum and BNB Chain.
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Indian Billionaire Evan Luthra Joins Alfprotocol Advisory Board
The investment mogul will serve as a top advisor for the rapidly expanding protocol.
New Addition
The advisory board of the Alfprotocol has been reinforced with the presence of Indian billionaire Evan Luthra. Luthra invests in fast-growing technologies through his funding venture Startup Studio Online.
Over the past five years, Luthra has built and invested in over 300 companies across a variety of divisions. These include food tech, travel, fintech, nightlife, food and beverage, lifestyle, artificial intelligence, entertainment, fashion, mixed reality, and more. Some renowned names like Snapchat and Eaze.com are a part of his portfolio.
All of these companies have a combined market capitalization of US$ 1 billion, according to the billionaire’s website. Aside from being a certified Angel investor, he’s jumped into the blockchain area.
We’re happy to announce that @EvanLuthra joined Alfprotocol advisory board! We’re thrilled to start working with Evan for the future of Alfprotocol! Welcome, Evan
#DeFi #Solana #cryptocurrency pic.twitter.com/thADQ8HL8f
— AlfProtocol (@AlfProtocol) March 9, 2022
A Growing Interest in Alfprotocol
Luthra has now joined Alf’s board of advisors. His areas of interest include the success of the Alf Project and the potential for blockchain technology to improve the lives of millions of people around the world. He looks forward to bringing his spheres of influence to improve on the project and its goals, as well as work with the team to achieve success.
“Alfprotocol can set the new standards of DeFi on the Solana blockchain. After the call with the CEO, it is clear that the team competence and experience is high enough and It’s great to join the advisory board of Alfprotocol!” a statement by Luthra reads.
“It’s a great achievement to onboard an advisor such as Evan. His experience, value, and massive worldwide influence are priceless and I’m thrilled to start working with him!” Alfprotocol CEO Matas added.
The Alf Protocol is a new platform that can overcome most if not all the limitations in the current DeFi industry. Alf is in its early stages and is in need of support. This is where the Alfprotocol advisory board comes in. The advisory board will provide Alfprotocol with guidance and support to help with the development of the Alf protocol.
More About Solana’s Alfprotocol
Alf is a protocol for capital deployment on Solana for the purposes of liquidity provision and yield farming, both with and without a margin of up to 200x. In order to facilitate exchange operations, the protocol introduces its own Automated Market Maker (AMM) protocol and a money market for short-term loans.
The mechanism for leveraged LP positions in AMM pools, as well as yield farming techniques, are the most important contributions to the Solana ecosystem. Through the connection of low-risk, low-effort investors who provide liquidity to lending protocols with risk-seeking, active management investors who concentrate on leveraged liquidity provision and yield farming positions.
Blockchain technology is transforming the world. With the advent of smart contracts and tokenization, blockchain has found its way into many industries. While the technology is still in its infancy, there are many challenges that need to be overcome for it to become more established. One of the concerns is liquidity and the ability to buy and sell quickly. Alf will help to improve capital efficiency and facilitate more liquid blockchain asset class markets, according to the team.
Jax.Network Unveils Blockchain Co-Inventor, Dr. W. Stornetta on Its Advisory Team
As the race for the foremost blockchain solution heats, more crypto projects continue to throw their hats into the ring. The efforts of some blockchain projects cannot be overemphasized. Bitcoin’s influence on the market has facilitated the unparalleled exponential growth that the crypto industry has enjoyed over the last decade. This growth is despite the novel cryptocurrency’s shortcomings. Even though Bitcoin’s dominance by market capitalization has slowly waned over time, its hold over the future of blockchain technology remains ever strong.
Jax.Network enters the race, and it has made forward strides since it first appeared on the scene. The latest news out of the camp is Dr. W. Scott Stornetta joining Jax.Network as a project advisor.
Why Jax.Network?
Jax.Network is a scalable blockchain protocol anchored to the Bitcoin blockchain which runs on the Proof-of-Work consensus mechanism. Jax.Network solves the Blockchain Trilemma that plagues blockchain networks through its four building blocks. It uses a specific merge-mining technique that allows miners to mine multiple shards simultaneously while rewarding them in proportion to their contributions. It is also an open-source project. Hence, other developers can also build projects on the protocol, contributing to the growth of the network. Jax.Network issues two native coins, JAX and JXN, which serve as stable and speculative assets respectively.
Jax.Network, which already boasted an impressive international line-up, continues to add more respected names to its team. As part of the team’s efforts to build a hashrate-based stablecoin, it has turned to the services of Dr. W. Stornetta, one of the leading lights of the space. He comes on board as an advisor.
Introducing Blockchain Pioneer – Dr. W. Stornetta
Dr. W. Stornetta was one of the few people mentioned in Satoshi’s Bitcoin whitepaper – three times – and is widely regarded as a co-inventor of the blockchain. His work in collaboration with Dr. Stuart Haber, where he first mentioned the blockchain and a digital time-stamp to track transactions, was implemented in Satoshi’s Bitcoin blockchain vision. His work was featured in the New York Times in 1995 after receiving the Discover Award for Computer Software in 1992. He has a Ph.D. in physics from Stanford University. He is also an alumnus of MIT, Harvard, and Brigham Young University. These days, Dr. W. Stornetta works as a partner and Chief Scientist at Yugen Partners, a private equity firm that invests in blockchain-based startups.
He will lend his expertise and experience to Jax.Network, a company that was established in 2018 and has continued to thrive ever since. Dr. W. Stornetta has been around in the crypto space for a long time, and his presence on the team will also help Jax.Network avoid the pitfalls that have limited earlier visionary projects on their quest to propagate the financial system he pioneered with his work.
Dr. W. Stornetta finds the hashrate-pegged stablecoin that the Jax.Network team proposes quite innovative. His record as an industry visionary and experience in the blockchain sphere proves that he knows a worthy project when he sees one.
Any project within the blockchain space would benefit from the knowledge and expertise of Dr. Stornetta. Jax.Network finds itself in this coveted position with Dr. Stornetta on its advisory team. While we anticipate the official launch, there are enough reasons to be optimistic that it’ll be worth the wait.
Nord Advisory, an Advanced Decentralized Finance Product, Is Ready to Be Launched into the Market!
Are you a young investor who is new to investing? Or are you an experienced investor who needs assistance in analyzing the existing portfolio? Either way, Nord Finance has some news for you! Nord Finance, a company whose sole mission is to make Decentralized Finance more accessible, launched its much-awaited product, Nord Advisory, on the 9th of August 2021!
The product Nord Advisory, which works on DeFi in a non-custodial and permissionless way, gives users the power to control their digital assets. Additionally, it has moved one step forward in making investing more than just buying and selling of assets. It focuses on diversifying the portfolio and also maximizing the return. It acts as a fund manager actively optimizing investment strategies giving the best risk-adjusted returns.
Fundamentally, Nord Advisory acts as a personal investment hedge fund manager on DeFi. This means that the platform takes users’ funds in stable coins and invests them into different crypto assets to get good returns. Nord Advisory also focuses on outperforming the market compared to the MVIS CryptoCompare Digital Assets 100 Index as a benchmark. It acts as an Active Portfolio Manager, keeping the whole system proactive.
NORD Quant Strategy uses a diversified quantitative long-only investment strategy with a strict set of rules based on technical indicators that dictate market entry and exit points for individual assets. The goal of the strategy is to capture ~70% of the upside with reduced volatility.
Quant Strategy aims to generate above-market returns with downside protection and reduced volatility. It is a diversified investment strategy that trades with eligible crypto assets, selected from the top 25 assets by market cap.
The assets are chosen based on the market cap and liquidity criteria. The strategy utilizes a dynamic quantitative hedging mechanism with cash and stablecoins.
It has officially joined hands with Solidum Capital in bringing forth this new product. Solidum Capital, a team that has substantial experience in crypto-asset allocation and investment selection with an AUM size of 40 Million Dollars. Their top-performing strategies in the crypto asset management industry add massive support to the product.
Nord Advisory, the brainchild of a dedicated team from Nord Finance, is all set to be launched in the market to serve the rising needs targeting novice users and professionals to meet their financial goals. With the help and support of Solidum Capital, it is undoubtedly expected to meet the vision set out for the project.
Image by Gerd Altmann from Pixabay
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GoodFi Advisory Board Attracts 22 Executives from Chainlink, Aave, Radix, mStable and Other Leading DeFi Projects
GoodFi, a not-for-profit organization created by Radix with the mission of getting 100 million people into DeFi by 2025, announced today the addition of 22 executives to its advisory board from DeFi industry leaders such as Chainlink, Aave, Sushiswap, Avalanche and mStable.
The addition of the Board of Advisors, who meet monthly to tackle the combined challenges facing the adoption of decentralized finance, marks an important step in the growth of GoodFi after its initial unveiling just a few months ago. The shared experience, knowledge and resources of the GoodFi Board of Advisors will enable initiatives that lower the barriers to entry into crypto and increase understanding and access to DeFi for new users. By lowering these barriers, GoodFi and its members aim to help more people benefit from the opportunities and innovation presented by the DeFi industry.
GoodFi’s Newly Established Board of Advisors Includes:
Michael Zacharski – Account Executive, Chainlink
Trent Barnes – Principal, ZeroCap
Clayton Menzel – Head of Marketing & Content, Figment.io
James Simpson – Co-Founder, mStable
Fauve Altman – Global Community Lead, mStable
Isaac Rodgin – Head of Business Development, Fuse.io
Amanda Joki – Business Development & Marketing Lead, SushiSwap
Rachel Chu – Project Management Lead, SushiSwap
Omakase – Core Developer, SushiSwap
Alex Wearn – CEO, IDEX
Piers Ridyard – CEO, Radix
Isa Kivlighan – Digital Marketing Manager, Aave
Jay Kurahashi-Sofue – VP of Marketing, Ava Labs
Adam Simmons – Head of Strategy, Radix
Kyle Lu – CEO, Dapp.com
Albert Castellana – CEO, StakeHound
Jonas Lamis – CEO, StakerDAO
Sid Powell – CEO, Maple Finance
Lawrence Till – Managing Director, NetZero Capital
Scott Trowbridge – Co-Founder, Blockswap Network
Jacob Kowalewski – Chief Strategy Officer, t3rn
Milana Valmont, Co-Founder & CEO, KIRA Network
Dan Reecer, VP of Growth, Acala Network
Jay Kurahashi-Sofue, member of the GoodFi advisory board, and Vice President of Marketing at Ava Labs, states, “Open, distributed systems allow for great speed and innovation. It’s no accident that there are so many projects with talented teams paving the way forward. What’s missing are unbiased groups that seek to create shared value for all builders and users. The decision to join GoodFi on behalf of Avalanche was a no-brainer.”
Alongside the new advisory board, the first version of goodfi.com’s user-focused site has gone live, providing the introductory material for someone looking to understand and get involved with DeFi. This initial launch is focused on explaining to a first-time user the value proposition of decentralized finance, where the yield comes from, and the various levels of risk/reward that exist. From there, users are guided through getting their first wallet and assets based on their preferred platform and how much they are looking to invest.
The introductory educational resources that have gone live today are only the first iteration of GoodFi’s efforts to demystify DeFi. The advisory board members are all working on producing content for GoodFi and work is already underway on new features such as a “matchmaker” feature of the website that helps users find beginner-friendly DeFi dApps, opportunities, and asset classes. The focus of this tool, due to be released next month, is to provide an unbiased view of different DeFi options and associated risks as well as give real-time data about yields across a range of proven platforms.
The DeFi opportunities that GoodFi are proposing adhere to three overarching approaches to DeFi investing for new users, based on their financial experience and individual risk tolerance:
- Safe & Stable: This approach primarily involves lending out stablecoins for annual returns of 5% – 15% through applications like Aave and Compound Finance or providing liquidity to stable-stable pairs on automated market makers like Uniswap or Sushiswap.
- Take Calculated Risks: A moderate approach, ideal for those willing to take on calculated risk for higher annual returns (10% – 20%). This looks primarily at having some exposure to high-cap volatile assets like ETH or WBTC paired with a stable coin in two-sided liquidity pools, or through using automated yield farming opportunities such as those offered by Yearn Finance.
- Opportunities for the Adventurous: A more aggressive approach can yield returns of 30% or higher and requires increased exposure to volatile assets. This will include opportunities such as lending out WBTC/ETH or adding to volatile/volatile pairs on automated market makers.
“While opening a new cryptocurrency wallet and interacting with various DeFi dApps is second-nature to crypto-natives, these processes will initially be intimidating to the uninitiated majority across the globe. To get 100m DeFi users by 2025, GoodFi needs to guide users at each step so they feel confident bringing assets into the ecosystem,” said Adam Simmons, Head of Strategy at Radix DLT.