• Yuga Labs has declared the Summoning event for Dookey Dash players, where Sewer Pass NFTs can be used to summon power sources.
• Following the news, the price of Sewer Pass NFTs soared 73%, with the most expensive one costing 2,221 ETH ($3.7 million).
• Yuga Labs claims that every summoned power source is unique and will be needed in future gaming events by Yuga Labs this year.

Yuga Labs Launches Summoning Event

Yuga Labs has recently declared a Summoning event for Dookey Dash players, where Sewer Pass Non-Fungible Tokens (NFTs) are used to summon power sources. This announcement caused the price floor of Sewer Pass NFTs to climb to 1.7 ETH, representing an increase of 73%. Furthermore, the most expensive Sewer Pass on OpenSea costs 2,221 ETH ($3.7 million).

Sewer Passes Needed for Future Gaming Events

The summoned power sources are asserted to be unique both visually and in terms of ability. They will be necessary for upcoming gaming events by Yuga Labs this year – as part of The Trial of Jimmy The Monkey storyline – which will enable players to reach Evo 2 stage and beyond.

Trading Activity Boils Up on OpenSea

Crypto aficionados have been rushing to acquire the rest of the remaining Sewer Passes in order to participate in the summoning event following its delay from last week’s intended date. As such, OpenSea has been boiling with trading activity today as all Sewer Pass NFTs with a score higher than 0 are eligible for summoning a power source according to Yuga’s terms and conditions.

Larry ‚I Love Ponzi‘ Lawliet Acquires Ten Sewer Passes

One particular enthusiast who acquired ten passes is Larry ‘I Love Ponzi’ Lawliet, founder of Web3 startup FlipGod.xyz., who purchased them within minutes after their availability was announced on social media platforms like Twitter .

Conclusion

In conclusion, Yuga labs is introducing an exciting new event that could potentially bring about large changes in blockchain gaming by offering participants a chance to interact with unique assets powered by Ethereum-based technology. With so much hype surrounding this Summoning event it seems likely that many crypto enthusiasts will seek out rarer assets or even spend big money on more expensive ones in order to maximize their chances at winning something truly special!

• Coinbase user lost $96,000 from an SMS prompt message initiated security breach.
• Coinbase denied responsibility for failing to flag several unauthorized transactions.
• Brian Armstrong plans to apply transaction monitoring in compliance with regulators.

Coinbase User Loses $96,000

A Coinbase user lost $96,000 due to account draining after a text message prompted them to change the password. The hacker drained the plaintiff’s Coinbase account 24 hours after they received the text message prompting them to change the password and Coinbase failed to blow the whistle on multiple unauthorized transactions during this period.

Lawsuit Filed Against Coinbase

Crypto investor Jared Ferguson filed a lawsuit against Coinbase in May 2022 for not noticing multiple suspicious transactions and allowing his life savings of $96,000 be stolen by a hacker. He argues that according to Federal and State Laws, Coinbase should bear responsibility for missing these unauthorized transactions.

Coinbase Refuses Responsibility

Coinbase sent an email saying that “the customer is solely responsible for the security of their email, passwords, 2FA codes and devices” but Ferguson disagrees as his account password was changed from a different IP address and device. Furthermore, in 2021 another user faced a similar situation where they lost $7,500 due to a SIM Swap hack yet Coinbase refused to reimburse them as well.

Impact of Unethical Practice

This unethical practices has caused outrage on Crypto Twitter with many people roasting Coinbase customer support but also had an impact on its stock price which has decreased by 2.7% in the last 24 hours (at press time).

Brian Armstrong Plans Transaction Monitoring

In addition, Brian Armstrong plans introducing Base Layer-2 blockchain combined with transaction monitoring in order to comply with regulators and prevent similar situations from occurring again.

Overview

• Analysts are bullish about the upcoming Orbeon Protocol (ORBN) which is set to disrupt the market.
• Monero (XMR) and Binance Coin (BNB) have been underperforming recently.
• Orbeon Protocol (ORBN) could be a game-changer in venture capital and crowdfunding sectors.

Monero (XMR)

Monero (XMR) was created in 2014 as a decentralized coin built on the CryptoNote system, providing users with more anonymity and safety. Recently, anonymous cryptocurrencies like Monero were declared illegal by Dubai Virtual Asset Regulatory Authority causing its coin price to decrease by 6.8%. Currently, Monero trades for $150.79 with a market cap of $2.7B and its trading volume has dropped 10% in the past 24 hours. Analysts remain bearish for Monero as they predict it will sink to its support level of $150 soon.

Binance Coin (BNB)

The Binance ecosystem is powered by Binance Coin (BNB), which can be used to cover transaction fees on the exchange. At the beginning of February, USD bank transfers were temporarily suspended resulting in a drop in price for BNB from around $320 to $304 currently. The trading volume has also decreased 9% in the past 24 hours leading analysts to believe that there is potential for it to fall below $305 if not supported soon enough.

Orbeon Protocol (ORBN)

Orbeon Protocol aims to revolutionize venture capital and crowdfunding settings through fractionalized non-fungible tokens (NFTs). This platform allows investors to purchase equity into startups at very affordable prices while companies can benefit from larger investments due to fractionalization of their tokens/equity shares allowing access to more people at lower cost per share/token than before.. Investors can purchase parts of these tokens for prices as low as $1 which could make investing much easier compared to traditional methods where large amounts of money need to be invested upfront or through loan applications or other processes that may take too long or result in high costs for smaller investments like this one does not require any such processes making it ideal for those who want fast returns at relatively low risk levels .

Conclusion

While prominent coins like Monero and Binance Coin continue struggling, Orbeon Protocol looks set to arrive like an explosion soon changing how venture capital and crowdfunding works forever with fractionalized non-fungible tokens offering investors much more affordable ways into early stage startups without having large amounts of money upfront or going through loan applications or other processes that take too long . With such features available , ORBN could become a disruptive force within this industry so pay attention!

• Decentraland is hosting an emote contest ahead of Metaverse Fashion Week 2023.
• Participants can win MANA rewards and have their emotes featured in the Community Fashion Show.
• Contest will be judged by Decentraland’s Art Director, 3D animator and Community Manager.

Decentraland Holds Emote Contest

Decentraland has announced it is holding an emote contest ahead of its second annual Metaverse Fashion Week. Players can participate in the event to win fun and exciting awards. The Metaverse Fashion Week 2023 is coming back to Decentraland with virtual runway shows, after parties, shopping, and panel talks.

Contest Rules

Starting February 16th, participants can submit up to three emotes until March 20th for a chance to win MANA rewards. Emotes must be approved and published in the DCL marketplace before the deadline and must be related to Metaverse Fashion Week 2023. Creators must share their email address with Decentraland so they can contact them if their submission wins. The first-place winning emote will be featured in the Community Fashion Show and receive 800 MANA while second to fifth-place winning emotes will receive 600 MANA each.

Judging Panel

Shibu, Art Director at Decentraland, Isa Souza Gomes, 3D animator at Decentraland, and PeanutButta, Community Manager at Decentraland make up the judging panel for this emote contest. The judges will evaluate the submissions based on fluidity, movement quality, creativity/originality as well as theme relevance when making selections for winners of this competition.

Consenting To Use Submissions

By submitting emotes for this contest participants consent to Decentalnd using their submissions for marketing purposes if they are selected as a winner or runner-up of the competition..

Rewards For Winners

Rewards for winners include being featured in the Community Fashion Show along with receiving MANA deposited into their wallet addresses provided during submission process when entering this competition..

• OKX is launching a web campaign to invite the global crypto community to contribute USDT, BTC, ETH and their own OKB/OKT token to Turkish relief organizations AHBAP and AFAD.
• OKX is matching contributions up to ₺1 million.
• The campaign is open to all crypto holders around the world in order to provide aid for medical supplies, food, water and shelter for those affected by the disaster.

Exchange Launches Community Campaign

The global crypto community has been invited by OKX to support earthquake relief efforts in Türkiye through the launch of a web campaign. Contributions can be made using various cryptocurrencies including USDT (ERC20 and TRC20), BTC, ETH, and OKB/OKT tokens with funds raised being matched up to ₺1 million by OKX.

Recent Earthquake in Türkiye

On February 6th 2023 a devastating 7.8 magnitude earthquake struck southern Türkiye near the border of northern Syria followed by a second 7.5 magnitude earthquake nine hours later with aftershocks also occurring. This has resulted in many lives lost and others injured due to this tragedy, while also leaving those affected in dire need of aid such as medical supplies, food, water, shelter etc.

Invitation To The Global Crypto Community

In order to provide assistance for those affected by this disaster the crypto community has been presented with an opportunity to make a difference through cryptocurrency donations as these funds can be converted into fiat currency for use within Turkey itself more easily than traditional methods may offer. All individuals globally are invited to contribute towards this effort with Paymount providing secure fast payments that will convert contributions from any cryptocurrency into USDT which will then be converted into Lira before being transferred directly into AHBAP and AFAD’s accounts at 4:30PM every day after conversion at 4PM GMT daily.

Potential For Cryptocurrency Use In Humanitarian Purposes

This demonstrates the potential that cryptocurrency may have when it comes towards humanitarian purposes such as this event where individuals from all over the world can come together for one common cause – helping those who are suffering due lack of necessities within their own country due natural disasters or other problems faced within society today.

How To Contribute

For more information on how you can contribute or donate please visit OKX’s website which provides full details on how you can get involved in making a difference during these tough times faced by so many people living within Turkey today!

• Sam Bankman-Fried (SBF) invested $400 million in Modulo Capital in 2022.
• SBF had a relationship with one of the founders of the company, Xiaoyun Lily Zhang.
• SBF is currently being investigated for recklessly handling funds, with $500 million already seized from him.

Sam Bankman-Fried (SBF), the ex-CEO of FTX, is being investigated for recklessly handling funds after it was revealed that he had invested $400 million in Modulo Capital in the third and fourth quarters of 2022. Modulo Capital is a trading firm that was launched in March 2022 and had received two large sums of money from Alameda Research, totaling $400 million.

The Financial Times uncovered this information after finding a spreadsheet that showed how the funds were sent in two separate payments, $250 million in the third quarter, and another $150 million in the fourth quarter. It is believed that the $400 million was transferred from SBF’s FTX funds.

The relationship between SBF and Modulo Capital’s founder, Xiaoyun „Lily“ Zhang, is what makes this transaction even more dubious. Zhang had worked at Jane Street Capital for a decade, coinciding with the period when SBF worked there too. Reports have suggested that the two had a romantic relationship. The other co-founder of the company, Duncan Rheingans-Yoo, had only graduated from Havard two years prior to the transaction.

The new handlers of FTX are now searching for assets that can be used to reimburse customers, and in the process, they have found out about SBF’s involvement with Modulo Capital. As a result, more than $500 million has already been seized from SBF. The investigation is ongoing, and it remains to be seen how much more money will be taken from him.

• 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.
• 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.
• Tezos co-founder Kathleen Breitman talked about 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 at Web Summit in Lisbon.

At 0xpo Crossroads in San Francisco on November 3, blockchain attorney Lisa Rubin sat down with Decrypt’s Jason Nelson to discuss legal misconceptions the industry still holds. Lisa expressed that crypto companies need to seek legal advice before launching their projects, as the legal landscape of the industry is constantly shifting and evolving. She highlighted the importance of due diligence, and the need to understand the full scope of the project before getting involved.

In December 2022 at Art Basel in Miami, Decrypt Studios held the inaugural Crypties awards gala. The evening was hosted by Josh Ostrovsky („The Fat Jewish“) and featured presenters from a range of crypto projects, who awarded statuettes in nine categories. 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, Tezos co-founder Kathleen Breitman talked about how the Tezos blockchain has used a proof-of-stake mechanism since its inception. Kathleen expressed her admiration for Tendermint, Ethereum and sharding, and spoke about progressive decentralization and NFT gaming with Decrypt’s Stephen Graves. She also discussed the challenges of raising in a bear market and how to navigate the current climate, alongside Clay Robbins of Slow Ventures, Soona Amhaz of Volt Capital, Sarah Guo of Greylock, Kenzi Wang of AngelBlock, and Laura Shin of Unconfirmed.

Overall, the legal landscape of the crypto industry is complex and ever-changing. It is essential for crypto companies to seek legal advice before launching their projects and to do their due diligence in understanding the scope of their project. Similarly, crypto projects must remain informed about the current market climate and the challenges of raising in a bear market. By staying informed and taking the necessary steps to ensure their projects are successful, crypto companies can make the most out of their investments.

• Jason Michael Primrose, Amanda Terry, Artemysia-X, and Kas Vegas discussed how to use NFTs for storytelling at Camp Decrypt 2022.
• The Crypties 2022 gala was held in December 2022 at Art Basel in Miami.
• Kathleen Breitman of Tezos spoke about Tezos‘ use of proof-of-stake, Ethereum and sharding, and NFT gaming with Decrypt’s Stephen Graves onstage at Web Summit in Lisbon.

At Camp Decrypt 2022, a lively panel was moderated by What’s Trending podcast host Shira Lazar, featuring Lost Children of Andromeda author Jason Michael Primrose, Amanda Terry of Metagood and ACTAI Ventures, Artemysia-X of Rug Radio program LorePlay, and Kas Vegas of NFT INT, Huxley, and Feature.io. The panel discussed how to use non-fungible tokens (NFTs) to tell compelling stories. Primrose discussed the latest social media trends and how the user experience is being transformed by the use of NFTs. Terry talked about the importance of creating an immersive experience for users and how NFTs can help with that. Artemysia-X talked about the potential of NFTs to bring stories to life in an interactive way, and Vegas discussed the potential for NFTs to create unique collectible experiences.

The Crypties 2022 gala was held in December 2022 at Art Basel in Miami. Hosted by Josh Ostrovsky („The Fat Jewish“), the awards were sponsored by Polygon, Filecoin Foundation, Lamina1, Async, BeetsDAO, The Gold Mask, Gem Set, Breakout, Anonymous, Infinite Objects, Ape Water, Decentralized Pictures, and Vault 721. There were nine categories, with statuettes presented to the winners.

At Web Summit in Lisbon, Kathleen Breitman of Tezos spoke about Tezos‘ use of proof-of-stake, Ethereum and sharding, and NFT gaming with Decrypt’s Stephen Graves onstage. Breitman discussed how Tezos has used a proof-of-stake mechanism since its inception, her admiration for Tendermint, and progressive decentralization. She also discussed the potential for NFT gaming, which could revolutionize the gaming industry. Breitman’s talk was followed by a discussion on raising venture money in a bear market, featuring Clay Robbins of Slow Ventures, Soona Amhaz of Volt Capital, Sarah Guo of Conviction and formerly Greylock, and Alex Strzesniewski of AngelBlock.