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SushiSwap CTO Resigns After Loosing Community And Team Support

Albert Brown
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SushiSwap CTO Resigns After Loosing Community And Team Support

CTO of the decentralized exchange SushiSwap Joseph DeLonge resigned after losing support from the community.


Delong’s resignation comes amid growing tension within the SushiSwap team. Former team members claimed 0xMaki a key developer who took over the Sushiswap after founder Chef Nomi left was forced out. At the time of his departure, 0xMaki’s post indicated he himself was the driving force behind the decision, but team members claim this wasn’t the case.

A leaked screenshot appeared to show Delong asking the SUSHI telegram group whether the project should ask Maki to leave. A non-core team member also claimed multiple other team members had exited following Maki’s alleged dismissal.  For his part, Delong referred to these as “absurd defamation,” though he admitted he did not see eye to eye with some former team members.

Delong also said he would leave if the community failed to defend the current team. He threatened to resign if the community did not deliver the core team “the autonomy to continue operations, the capability to form leadership, and increase compensation across the board.”

He also submitted a proposal for SushiSwap’s governance system to allocate 200,000 SUSHI ($1.2M) for each of the 19 developers of the project. But it received no support. More than two-thirds out of 97 voted against the proposal.

DeLonge wondered if the current chaos within SushiSwap could be neutralized. He recommended moving key positions outside the DAO with effective team management mechanisms.

DeLonge said he stood by his promise to transfer all accounts and information needed to the next SushiSwap executive.

 

He also said

“I wish Sushi the best and am saddened that Sushi is so imperiled within and without, The chaos that is occurring now is unlikely to result in a resolution that will leave the DAO as much more of a shadow than it once was without a radical structural transformation.”

 

He stated he intends to take a month to spend time with his family before launching a fresh project.

 

Central Banks Of France And Switzerland Successfully Completed Testing Of Cross-Border Payments In Digital Euros And Swiss Francs

Mark Brennan
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Central Banks Of France And Switzerland Successfully Completed Testing Of Cross-Border Payments In Digital Euros And Swiss Francs

Bank of France and Swiss National Bank have successfully completed testing of cross-border payments in digital euros and Swiss francs.



Project Jura, named after the mountains between the two countries is a partnership between the Bank of France (BDF), the Swiss Innovation Center (BISIH), the Swiss National Bank (SNB), Accenture of Credit Suisse, Natixis, R3, SIX Digital Exchange (SDX) and UBS. The project was initiated by the Central Bank of France and continued a series of experiments to test international payments in central bank digital currency (CBDC).

Sylvie Goulard, Deputy Governor of the Bank of France said:

“With the great success of Jura, the wholesale CBDC experiment program launched by the Banque de France in 2020 is now completed. Jura demonstrates how wholesale CBDC can optimize cross‑currency and cross‑border settlements, which are a key facet of international transactions.”

 

The participants in the experiment came to the conclusion that the European financial system needs perfect and universal mechanisms for payments and settlements because the existing mechanisms include numerous intermediaries and additional elements of the financial market infrastructure. As a result, cross-border transactions have unreasonably high costs, they are slow, technologically complex, and potentially risky.

CBDC is a new technological approach for regulated financial institutions and central banks. A central bank-backed distributed ledger technology (DLT) based infrastructure can secure a financial ecosystem, offers more choice and competition in terms of cross-border payments and settlements.

Andréa M Maechler, Swiss National Bank Board Member said:

“As a small open economy, Switzerland requires efficient and robust cross‑border payment and settlement arrangements. Project Jura explores how distributed ledger technology can be successfully leveraged to map out how future‑proof cross‑border settlement between financial institutions could look like.”

The project participants tested direct transfers in euros and Swiss francs in the form of CBDC on a single DLT platform. The experiment was conducted under realistic conditions, using transactions with real value, in accordance with applicable regulatory requirements, as well as using payment versus payment (PvP) and delivery versus payment (DvP) mechanisms.

BISIH chief executive Benoît Cœuré said:

“Project Jura confirms that a well-designed wholesale CBDC can play a critical role as a safe and neutral settlement asset for international financial transactions. It also demonstrates how central banks and the private sector can work together across borders to foster innovation.”

While Project Jura was a success, both central banks have warned that a set of banking rules and monitoring procedures, as well as contingency procedures, need to be formulated to ensure that CBDCs can be used in practice.

Andréa M Maechler, said:

“It is an important experiment, the results have been very valuable, but there are many questions, both of a technological nature and very important policy questions which remain to be better understood.” 

Central Banks of France and Switzerland announced the launch of a pilot project to test state digital currencies for international payments back in June this year.

U.S. Office of the Comptroller of the Currency Says Digital Assets Could Enhance Financial Sector Functionality

Albert Brown
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U.S. Office of the Comptroller of the Currency Says Digital Assets Could Enhance Financial Sector Functionality

The Office of the Comptroller of the Currency (OCC) said digital assets could enhance the functionality of financial services, but warned banks about the risks.



The OCC has published a ‘Semiannual Risk Report’ that analyzes how cryptocurrencies can interact with the banking sector.

Distributed ledger technology and digital assets, including stable coins, could enhance the functionality of financial services, according to the report.

OCC said that its approach to crypto is very careful, and banks and other regulated institutions should consult with OCC before they start offering any services in the cryptocurrency sector. These services may include storage, offering derivative products, and access to third-party cryptocurrency products.

“The OCC is approaching crypto-related activities in the federal banking system very carefully with a high degree of caution and expects its supervised institutions to do the same. OCC supervised institutions should reach out to the appropriate OCC supervisory office before engaging in the crypto-related activity.”

According to OCC, the use of cryptocurrencies needs a sufficient level of knowledge and experience in relation to the main products, services, and processes to identify and address strategic, operational, regulatory, and reputational risks.

“While crypto-asset-based products and services can create opportunities for banks and their customers, they can also carry significant risks. Banks should conduct due diligence and risk management, which includes ensuring sufficient knowledge and expertise in the underlying products and services and processes to identify and address strategic, operational compliance, and reputational risks. Sound risk management of crypto-related product offerings includes alignment with a bank’s strategic goals, risk appetite, resources, and expertise.”

The OCC warns that while cryptocurrencies can open up opportunities for the banking sector, it is important to understand the risks associated with this new asset class.

“The adoption of innovative technologies to facilitate financial services can offer many benefits to both banks and their customers. However, innovation may present risks. As such, risk management inclusive of due diligence and change management is important for fulfilling responsible innovation strategies and successfully adopting technology.”

 

In 2022, the OCC intends to provide banks with additional guidance on how exactly they can engage in cryptocurrency activities.

“In 2022 OCC plan to provide greater clarity on whether certain activities related to crypto-assets conducted by banks are legally permissible and to provide expectations for safety and soundness, consumer protection, and compliance with existing laws and regulations. The agencies’ work will focus on crypto-asset custody services, facilitation of customer purchases and sales of crypto-assets, loans collateralized by crypto-assets, issuance and distribution of stable coins, and activities involving the holding of crypto-assets on the balance sheet.”

Recall that in November, the OCC clarified how the cryptocurrency activities of national banks and federal savings associations in the United States will be regulated. In addition, at the beginning of last month, the OCC advocated tightening the laws about stable coins.

In September, OCC director Michael Hsu said the Defi industry could trigger an economic meltdown similar to the 2008 international financial crisis.

Ubisoft Delists Its NFT Announcement Trailer As It Gets More Than 95% Dislikes On Youtube

Mark Brennan
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Ubisoft Delists Its NFT Announcement Trailer As It Gets More Than 95% Dislikes On Youtube

Recently Ubisoft announced it’s officially getting into NFTs.



On Tuesday, the company announced a new platform, Ubisoft Quartz, where it will offer NFTs that it’s calling Digits. The Digits will be available first as in-game items like vehicles, weapons, and equipment in Ghost Recon Breakpoint in beta on Windows beginning later this week, according to a press release. However, it seems that the gaming community didn’t really like the idea.

In a recent update, Ubisoft has delisted its announced trailer for its Ubisoft Quartz platform, following overwhelming backlash that saw it receiving a dislike-like ratio of around 20:1.

The announced trailer for the Ubisoft Quartz platform was posted on the official Ubisoft North America YouTube channel. The audience engagement has not been the best. With 135,000 views at the time of writing, the video has only 994 likes, which is a very small fee for a video of this size.

Even though YouTube recently removed the Dislike rate from all videos on its platform, Video Games Chronicles claimed there were over 20,000 video engagements, with a dislike rate above 95%.

The website writes:

“At the time of writing, it now stands at 23,447 interactions, of which 1,018 are likes and 22,429 are dislikes. This means just over 4% of viewers liked the video.”

 

 

Ubisoft Quartz:

Ubisoft introduced NFTs to its games via Ubisoft Quartz, which it bills as “the first platform for playable and energy-efficient NFTs in AAA games”.

Launching this week in beta with the PC version of Tom Clancy’s Ghost Recon will enable players to acquire ‘Digits’, which are collectible in-game vehicles, weapons, and pieces of equipment.

Digits will be released as part of limited ‘Editions’, each made up of a fixed number of cosmetic items.

Ubisoft said: “Digits are a new way to experience cosmetic items, combining the fun of playing with AAA quality assets and the thrill of owning NFTs that represent unique, collectible pieces of Ubisoft game worlds.”

Each Digit has its own serial number which can be viewed by other players in-game and comes with a certificate of ownership. Players will be able to sell Digits on third-party platforms outside of the Ubisoft ecosystem.

Watch Trailer:

Zuckerberg’s Sister Says Shiba Inu Up 90 Million Percent From Initial Launch Is Craziest Thing She Has Ever Seen

Mark Brennan
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Zuckerberg’s Sister Says Shiba Inu Up 90 Million Percent From Initial Launch Is Craziest Thing She Has Ever Seen

Zuckerberg’s sister publishes a video about Dogecoin and Shiba Inu on her YouTube channel (Video Below).



The elder sister of Meta (formerly Facebook) co-founder and CEO Mark Zuckerberg is an entrepreneur, founder of the social networking site Zuckerberg Media, and author of several books. For ten years, Randy worked for her brother’s company as director of market development and as a Facebook spokespers

Randi Zuckerberg is a big name in Silicon Valley and beyond that, she appears to be pretty excited about Shiba Inu’s recent developments, saying that SHIB is now extremely popular.

In a recent video, Randi Zuckerberg talked about what cryptocurrencies and meme tokens are. Randi explained that these projects were born as a joke, but over time gained a lot of reputation and became valuable investments.

 

Shiba Inu

While explaining about these projects, she said that Shiba Inu (SHIB) was born as the “Dogecoin Killer”, and was viewed as just a joke in the beginning, but now it has gone viral and become mainstream.

“Shiba Inu was launched as a doge killer as a joke because appearently there is only room for one weird token based on a certain breed of dog, i don’t even know there was room for one of those but appreantly there is room for two because SHIBA also went viral became main stream, i think its up something like 90 million percent up from the intial launch is the craziest thing i have ever seen.”

She told that other than these two meme coins, there are plenty of meme coins like Shiba Inu Girlfriend that originated after SHIB’s popularity.

She said that Influencers like Elon Musk’s tweets can make these meme coins go parabolic as we have seen in Dogecoin. According to her, this is not necessarily a bad thing for the business person, if he/she knows how to invest carefully, So investing in meme coins you can “have a little fun” with your portfolio.

“If you’re experimenting with cryptocurrencies and buying tokens, having some fun with your cryptocurrencies, definitely buy the big coins plus get some of the Meme Coins.”

She also warns that it is important to know how to invest in crypto, stating that it is necessary to have a good portfolio and not to put all your money in one single crypto.

“Remember: Whatever you’re going to do, you need a portfolio. I would never recommend anyone to buy everything on SHIB, don’t do this! Don’t watch this video and think ‘Randi told me to put everything in DOGE or SHIB, you need to have a diversified portfolio with coins belonging to different categories like Metaverse, Web 3, Blockhcians, Utility tokens, etc.”

Having someone like Randy talking about these cryptocurrencies in this way is a very positive thing for SHIB, which shows the crypto is treated beyond its meme status.

 

Recently the South Korean exchange OKCoin hired Randy Zuckerberg as head of the brand’s advisory council to help attract more women to the cryptocurrency industry.

Watch Video:

 

Floki Inu To Be Seen At Least 210 Million Times After Floki New Partnership With Russian Most Famous Football Club

Albert Brown
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Floki Inu To Be Seen At Least 210 Million Times After Floki New Partnership With Russian Most Famous Football Club

 Floki Inu announced a partnership with the Russian most famous Football club “Spartak-Moscow.”


The partnership will also see FLOKI get massive eSports exposure from Spartak Moscow partner forZe eSports Club.

As a result of this partnership, the FLOKI logo and website will be featured on the front of the Spartak Moscow jersey plus LED panels and on all advertising constructions around the stadium.

This partnership will help make FLOKI a mainstream cryptocurrency in Russia because of 17.81 million football supporters in Russia and combined (Floki+Spartak Moscow) media following of 10.4 million people, and a massive TV audience for each game.

 

FC Spartak Moscow plays in both the Russian Premier League and the Europa League, and this partnership will offer several strategic placements that will result in the FLOKI brand being seen at least 210 million times as a result of the partnership.

 

 

Earlier, Floki also became a partner of the Bayer 04 and Napoli football clubs.

The company announced a marketing campaign in several countries in September. In October, an advertisement for Floki Inu appeared on public transport in London.

Dogecoin Entered Top 5 Most Searched Google News Queries of 2021

Albert Brown
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Dogecoin Entered Top 5 Most Searched Google News Queries of 2021

Dogecoin (DOGE) ranked fourth in the list of the most searched Google searches worldwide in the News category in 2021.

The greatest interest in Dogecoin throughout the year was shown by the USA, Turkey, Canada, Singapore, and the Netherlands.

dogecoin trend in 2021

The top 10 in this category also includes a query for the price of the second-largest crypto by capitalization – “Ethereum Price”.

Recall that in November, The Advisor Coach researchers stated that Dogecoin was the most popular cryptocurrency by search queries in 23 U.S. states.

Billionaire And Former Google CEO, Eric Schmidt Becomes Chainlink Strategic Advisor

Mark Brennan
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Billionaire And Former Google CEO, Eric Schmidt Becomes Chainlink Strategic Advisor

Former Google CEO and Billionaire, Eric Schmidt has joined oracle provider Chainlink Labs as a strategic advisor.



In addition to his work in Google as CEO, Eric Schmidt has served as a technical advisor to Alphabet, chairman of the US Department of Defense’s Innovation Council, chairman of the National Security Commission on Artificial Intelligence, board member of Apple, Princeton University, Carnegie Mellon University, and the Mayo Clinic.

Chainlink co-founder Sergey Nazarov said:

“Blockchain networks and Chainlink oracles are at a crucial inflection point in terms of growth and adoption. Eric’s experience and insights around building global software platforms for next-generation innovation will be invaluable as we help developers and institutions usher in a new age of economic fairness and transparency.” 

Forbes estimates his net worth is roughly $24.3 billion, making him one of the richest advisors in cryptocurrency companies.

Eric Schmidt is one of the early proponents of Bitcoin. Wikileaks founder Julian Assange introduced him to cryptocurrency in 2011.

Schmidt previously described Bitcoin as “a remarkable achievement.”

In October Associated Press (AP) announced the use of Chainlink smart contracts to put its journalistic information on the blockchain.

One of the largest telecommunications companies in Switzerland, ‘Swisscom’ joined Chainlink in August.

Shiba Inu Games Became Partners With Australian Playside Studios

Zabi
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Shiba Inu Games Became Partners With Australian Playside Studios

Playside Studios (PLY) shares price jumped more than 4% to $0.83 after Australia’s largest publicly listed video games developer entered into a material fixed price work-for-hire development agreement with Shiba Inu Games, a derivative entity formed from the globally recognized Ethereum-based token and decentralized cryptocurrency Shiba Inu (SHIB).



The deal is first officially announced by Playside Studios (PLY) via publishing the press release on its official website. Later, Shib’s Official Twitter handle confirmed the partnership deal via tweet.

Shiba Inu (SHIB) team noted that the contract signed by Playside Studios (PLY) with Shiba Inu is on a fixed-price, both will develop a multiplayer Collectable Card Game, and is planned to be released on multiple platforms. Playside Studios (PLY) also made this aspect clear via Press release by saying:

“This is a fixed-price development agreement and does not include a revenue share. Playside will be paid in USD currency and will not trade or participate in cryptocurrency as part of this agreement.”

In another tweet, Shib’s team expressed its excitement for the future and gives warm welcome to PlaysideStudios x Shiba Inu Games.

 

Playside Studios CEO, Gerry Sakkas said:

“To add a new games client that has emerged from the popular NFT, token and decentralized cryptocurrency industry is very exciting for us.

Emerging technologies continue to gather pace, and this is an ideal opportunity for PlaySide to collaborate in this field, expand our skill base and showcase our development abilities. The scale of the agreement with Shiba Inu Games is also significant and highlights the depth of our capabilities as we continue to grow our business.”

Formerly, Shiba Inu games — have hired legendary veteran video game designer and developer William David Volk, former VP of Technology at Activision, to lead the design and implementation of the game, which is being developed by an “AAA Game Studio”.

Willaim Volk also expressed his views on Shib’s partnership with PlaySide Studios via tweet said:

“PlaySide has created some of the best mobile, PC, and VR games. It’s great to be working with them.”

 

On the other hand, Shytoshi Kusama, a pseudonymous Shib developer, said that he is super excited about the partnership as Playside is one of THE BEST AAA studios in the world that will deliver an incredible game across multiple platforms and genres.

Visa Is Launching An Advisory Practice That Will Help Further Mainstream Adoption Of Bitcoin And Other Digital Assets

Albert Brown
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Visa Is Launching An Advisory Practice That Will Help Further Mainstream Adoption Of Bitcoin And Other Digital Assets

Payment giant Visa has announced the launch of a new advisory division to help clients navigate the cryptocurrencies world reported by CNBC.



Crypto advisory practice, which will become part of the Visa consulting and analytics department, will offer advice to financial institutions, retailers, and other firms on everything from rolling out crypto features to the study of non-fungible tokens (NFT).

According to the head of the company’s cryptocurrency business in Europe, Nikola Plekas, the decision was made to move deeper into the field of digital assets.

“Some of these leading exchanges have millions or, in some instances, tens of millions of users,” Plecas told CNBC, adding that the Visa enables users to use their crypto at over 80 million merchants. Since October 2020, Visa has processed $3.5 billion in cryptocurrency-related transactions.

The firm also plans to develop products targeting stable coins and central bank digital currencies (CBDC).

Visa expects its cryptocurrency consulting services to help the massive adoption of Bitcoin and other digital assets as the company seeks to expand beyond the card payments business.

Plecas said:

“Cryptocurrencies are a huge new topic for us and an opportunity for growth. And we will continue to focus on growing this business, moving forward.”

Visa also partnered with marketing firm LRW to conduct a study that found that 94% of people around the world have some level of crypto awareness and almost a third of them are using crypto as investments or means of payment.

Earlier Visa bought one of CryptoPunk NFT for about $150,000 in Ethereum and also launched an initiative to popularize NFTs.

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