[Enter the Metaverse London](https://techcircus.io/en/events/enter-the-metaverse-london-2) was an event that aimed to introduce a new world of digital to its attendees.

The event featured thought leaders and inspirational designers leading the audience through a technological paradigm shift. The event took place on 28-29 November 2022 and explored exciting developments in VR, AR, and regulatory and legal movements. It delved into the future of e-commerce and gaming in the [Metaverse](/news/article/how-to-buy-land-in-metaverse-worlds) and decentralised commerce.

One of the event's primary focuses was gaming in the Metaverse. 

According to the presenters, wherever gaming goes, innovation follows. A lot of the original innovations in hardware and software were spurred by video games, and [Web3](/news/article/uquid-web3-integrates-with-polygon) is no different. When it is made entertaining and rewarding to engage with new technology, more users adopt it. The event discussed how blockchain empowered players and developers and some exciting models in the gaming world. The panel also discussed significant technological advancements in the gaming industry.

## Introduction to emerging technologies

The occasion introduced its attendees to the latest developments in emerging technologies. These technologies are rapidly gaining traction and are poised to be a major part of the future, like [Augmented Reality](/news/article/augmented-reality-tokens-explained) (AR) overlays digital elements in the real world, enhancing the users' experience. Extended Reality (XR) combines VR and AR, delivering a more immersive experience. The event also explored haptic feedback suits, which allow users to feel like they are in the game.

The Metaverse is an exciting development that aims to create a fully immersive virtual world. It is poised to be the next big thing in e-commerce, and the event delved into its future. It is a shared virtual space where users can interact together in a 3D world. It provides endless possibilities for businesses to engage with customers and deliver immersive experiences.

The occasion featured various presenters, including the Chief Medical Metaverse Officer of AIMEDIS, Professor Shafi Ahmed, Co-Founder of The Sandbox, Sebastien Borget, Director Of Business Development - EMEA of Niantic, Sarah Burslem, CEO of Singularity.net, Ben Goertzel, Sophia the AI, and Blockchain Product Marketing Manager of EX-SHOPIFY, Nicole Sandford. The occasion included various panels, including Web 3.0, the Metaverse, the Future of Gaming, and DeFi's Significance in Enabling Efficient Financial Transactions in the Metaverse.

## Conclusion

Enter the Metaverse London was an informative and exciting occasion that showcased the latest developments in emerging technologies. It left attendees with a deeper understanding of the possibilities and challenges of the digital world and the potential of emerging technologies to shape our future.


pink image of london and metaverse VR headset above

Enter the Metaverse London Explained 

If you have ever wondered, "where can i buy LOOM crypto?", this article will outline some of the exchange the Loom Network native token is available on, and explain how to buy it.

Loom Network, launched on 1 October, 2017, is a platform as a service built on [Ethereum](/news/article/ethereum-shanghai-upgrade) that enables developers to operate decentralised applications on a large scale. Its primary objective is to provide developers with smart contracts for greater computing power as needed or to maintain the same level of power while reducing costs for specific tasks, such as user onboarding trials or applications that don't require full blockchain security.

It facilitates the execution of Ethereum Solidity apps via side chains, providing specific consensus mechanisms and enhanced security. It streamlines the scaling process of decentralised apps on the Ethereum network, utilising DPoS side chains. LOOM token serves as a membership token, granting access to all apps, allowing for seamless transfer of digital assets and data between Ethereum and Loom DAppChains.

## Where can I buy Loom crypto?

The most popular trading platforms for Loom Network are [Huobi](/news/article/huobi-exchange-who-owns-it), VCC Exchange, Coinbase Pro, Upbit, Bilaxy, Bittrex, Bithumb, Binance, and HitBTC.

## Step-by-step guide on buying LOOM on Coinbase

Step 1:
To begin using [Coinbase](/news/article/coinbase-singapore-approval), complete the sign-up process by downloading the app or signing up on its website. It's important to have a valid ID and proof of address readily available, as these may be required for transactions. Remember that ID verification times may vary based on your location and could take longer than a few minutes.

Step 2:
To incorporate a payment method, click the payment method field and link a payment option. You can opt for a bank account, debit card, or initiate a wire transfer.

Step 3:
Initiate a transaction by selecting Buy & Sell on Coinbase.com or tapping the ( + ) Buy option on the Home tab of the Coinbase mobile app.

Step 4:
Choose Loom Network from the list of available assets. To find and select Loom Network on Coinbase.com, click the Buy panel. For Coinbase mobile app, type "Loom Network" into the search bar to find it. Once you see Loom Network in the search results, tap on it to access the purchase screen.

Step 5:
Specify the desired purchase amount. Use the number pad to indicate the amount you wish to spend in your local currency. The application will then convert it into an appropriate crypto amount. The arrow keys positioned to the right of your chosen money amount can be clicked to switch it to the corresponding token amount.

Step 6:
Complete the acquisition by tapping "Preview buy" when you're prepared. Examine the specifics of your purchase to ensure everything is in order, then validate your acquisition by clicking "Buy now". Following the completion of your order, you will be directed to the confirmation page, indicating that you have successfully purchased this cryptocurrency.

## Buying Loom Network crypto on Binance

After creating a free account on the Binance website or app, click on the "Buy Crypto" link on the website to view the available options in your country. Binance recommends purchasing a stablecoin like USDT or BUSD first for better coin compatibility and then using it to buy $LOOM.

You could pay using:

- Credit Card and Debit Card.

- Bank Deposit.

- Third-Party Payment.

You are given 60 seconds to confirm your order at the present price, or the order will be updated in accordance with the current market value. By clicking the Refresh button, you can check the revised amount of the order.

After purchasing your cryptocurrency, you can keep it in your personal crypto wallet or leave it in your Binance account. Additionally, you can trade it for other cryptocurrencies or earn passive income by staking it on Binance Earn. If you wish to trade it on a decentralised exchange, Trust Wallet could also be a great option as it supports a wide range of assets and blockchains.

## Choosing the right order type for buying Loom crypto

Market order: This type of order is executed immediately at the current market price of the coin or token. For instance, if LOOM is currently trading at $0.05, a market order will purchase LOOM tokens at approximately $0.05 per token.

Limit order: A limit order is a buy order that is executed at or below the price you specify. For example, if you set a limit order to buy 100 LOOM tokens with a limit price of $0.08, you will not pay more than $0.08 per token. If the broker is unable to fill the order at or below $0.08, the order will remain open indefinitely.

## What is the circulation of Loom Network digital token?

This digital token is utilised for Proof-of-Stake to secure Basechain. It can be staked by token holders to earn rewards. Additionally, developers can use the token to pay for DApp hosting on Loom Network without any transaction costs for users.

It operates on the Ethereum platform and follows the ERC-20 standard, serving as a means of payment for services on the network. It's important to note that LOOM isn't mined but acquired through user participation in DApps. The maximum quantity of tokens is limited to 1 billion.

## LOOM price predictions 

[CryptoGround](https://www.cryptoground.com/loom-network-price-prediction)'s price prediction for this token in 2022 was bearish. 

However, the site predicted that the token could rebound to $0.0607 in March 2023 and potentially rise to $0.0743 by August. The forecast also projected a token price of $0.1197 in 2024 and $0.3088 in 2025, with a potential value of $0.4789 by September 2027.

According to [PricePrediction's](https://priceprediction.net/en/price-prediction/loom-network) forecast, the token price could increase to $0.081 by 2023 and $0.12 by 2024. The site also predicted that the token may reach $0.17 by 2025, $0.24 by 2026, and $0.35 by 2027. By 2028, the estimated price was around $0.52, potentially rising to $0.75 by the decade's end. PricePrediction also forecasts that the price could hit $1.15 by 2030 and $1.73 by 2031.

[WalletInvestor's](https://walletinvestor.com/forecast/loom-network-prediction) prediction was more pessimistic, predicting that this project may face challenging times and that the token's value could decrease significantly to approximately $0.0692 by September 2023.

It's important to note that predicting the price of a token is challenging due to the highly volatile nature of cryptocurrency markets. Short-term and long-term predictions can be incorrect since market fluctuations can occur within hours. Therefore, it's important that you make your own judgments and not rely on any predictions before making any investments.


green image of loom crypto logo over abstract tech art

Where Can I Buy LOOM Crypto?

US regulators have accused eight well-known personalities, such as Lindsay Lohan and Jake Paul, of engaging in an illicit cryptocurrency scheme. The charges claim that these celebrities used their social media presence to enhance the value of two [crypto](/news/article/cryptocurrency-news-predictions) tokens without disclosing that they received payment for promoting them.

The US Securities and Exchange Commission (SEC) [officially announced](https://www.sec.gov/news/press-release/2023-59) the charges on Wednesday.
The SEC claims celebrities used social media to share their cryptocurrency promotional messages.

## Lindsay Lohan Charges

On February 11, 2021, Lindsay Lohan, who has more than 8 million Twitter followers, tweeted that she was already liking Justin Sun's cryptocurrencies, which included $TRX.

In the tweet, she praised the currencies' super-fast speed and lack of fees while commending Justin Sun. In March 2021, she [advertised](https://twitter.com/lindsaylohan/status/1377647992639954945?s=20) an auction for an [NFT](/news/article/nft-tax-uk-rules-explored) of one of her songs and tweeted about it on April 1, 2021, saying there were just over 9 hours left to bid.

SEC Chair Gary Gensler stated that the Lindsay Lohan charges and associated cases highlighted the significant risks investors are exposed to when crypto asset securities are marketed and sold without adequate disclosure.

## Other celebrities charged with illegally promoting crypto assets

Charges have been brought against several famous individuals, including musician Soulja Boy (real name DeAndre Cortez Way), aged 32; singer Austin Mahone, aged 26; porn actress Michele Mason (better known as Kendra Lust), aged 44; musician Ne-Yo (real name Shaffer Smith), aged 43; rapper Lil Yachty (real name Miles Parks McCollum), aged 25, and Senegalese-American singer Akon (real name Aliaune Thiam), aged 49.

According to the [SEC](/news/article/looming-coinbase-sec-probe-upsets-coin-price), they are accused of illegally promoting TRX and [BTT](/news/article/btt-crypto-price) crypto assets without disclosing their compensation.

Additionally, crypto investor and Grenada diplomat Justin Sun is accused of fraud for manipulating the trading activity of the two tokens to make it appear as if they were being actively traded. This practice is known as "wash trading".

Except for Mr. Cortez Way, Akon, and Mr. Mahone, all the celebrities, including Lindsay Lohan, have collectively paid over $400,000 to resolve the charges.


red image of crypto coins with celebrities Lindsey Lohan, Jake Paul, Ne-Yo and Akon standing in foreground

Lindsay Lohan Faces Charges from SEC 

MyLiquidityPartner is a rewards token that relies on liquidity pools. Liquidity providers contribute crypto assets like ETH/USDC/BTC to their liquidity pools to support trading. Here's our review.

A liquidity pool is a group of cryptocurrencies that gather fees from trading activities. These pools are created through smart contracts that secure and lock the tokens for decentralised exchanges (DEX) trading. [Decentralised finance](/news/article/instrumental-finance-defi) (DeFi) platforms commonly use automated market makers (AMMs) to facilitate trades, allowing digital assets to be traded automatically using liquidity pools instead of the traditional buyer-seller markets.

## How could liquidity partners earn? 

Partners can earn up to 2.5% each week based on the value of funds they contribute to the pool. The firm reduces the risk for its partners by allocating matched coins. The platform absorbs all the permanent risks associated with pool management, so the individual partner doesn't bear any risk. The Total Value Locked (TVL) is currently $350M and steadily increasing. The 24H trading volume is over $50+M and is trending upwards. This presents a chance to earn $400K in fees from a single pool.

In addition to receiving weekly 2.5% payouts, partners can opt to re-stake their commissions. Re-staking involves using the weekly payouts to buy more assets, thereby increasing the total asset count in the pool. The MyLiquidityPartner pool is designed for hyper compounding, with returns of 117% APR & 218% APY.

In addition to weekly payouts, partners receive an MLP Token, a loyalty reward token for existing pool partners. The MLP Token serves as an appreciation gesture for their participation in the program. It allows those who cannot afford to join the pool to participate and enjoy the platform's rewards while having access to immediate cash flow. Token holders can choose to donate their tokens to the Ruby Family Foundation. This fully transparent blockchain-based foundation allocates 100% of its funds towards global outreach programs for mothers and children. By making donations of reward tokens to the foundation, partners can directly support its mission efforts.

## Trading and fees on the Uniswap platform

Trades on the [Uniswap](/news/article/uniswap-exchange-nft-aggregator) platform are executed between USDC and ETH. Transaction fees are charged whenever these trades occur, and liquidity providers earn a percentage of these fees as passive asset growth proportional to their pool contribution. 

Liquidity Partners receive a weekly partnership fee, which begins at 0.75%, on their [Ethereum](/news/article/ethereum-pow-price-prediction) (ETH), Bitcoin (BTC), Shiba (SHIB), Ape Coin (APE), and USDC. Partners can choose between receiving weekly payouts or the "Hyper-Compounding" option.

For those who want to participate in a larger yield pool, MyLiquidityPartner also operates a BTC pool. It has a minimum deposit of 1 BTC. Before contributing, each partner must complete a full KYC approval, and there is no lock-in period.

## MyLiquidityPartner review: The pros

It is a fully decentralised platform that has been gaining popularity lately. With a surge in market price, a project white paper readily available, and an active community of 13.2K on Twitter, it is not surprising that many investors are flocking to invest in this platform. The contract on Ethereum ensures that the platform is secure and transparent, while being listed on [coinmarketcap.com](https://coinmarketcap.com/) provides credibility to the forum. Moreover, the website is easy to navigate, which is a plus for investors looking to get started with the platform.

## MyLiquidityPartner review: The cons

This cryptocurrency is still in the research and development stage. There are multiple issues with its synchronisations between ledgers, which is a cause of concern. Moreover, it must be listed on some exchanges, making it difficult for investors to buy and trade. One of the significant drawbacks shown in a MyLiquidityPartner review is the lack of a GitHub profile, which is essential for transparency and community involvement. 

Additionally, the absence of a Reddit account and Bitcointalk thread further hinders its popularity and reach. Furthermore, there are no traceable features on Tradingview, making it challenging to analyse the coin's performance.

Overall, this MyLiquidityPartner review shows it has a long way to go in establishing itself as a reliable and trustworthy cryptocurrency.


blue image of my liquidity partner logo on blue background image of US dollars and cryptocurrency coins

MyLiquidityPartner Review: Pros and Cons 

Benjamin Roth, the Chief Investment Officer of [Auros](https://www.auros.global/), has revealed that the company has effectively resolved its liquidity problems arising from the bankruptcy of the crypto exchange FTX.

Following a significant debt restructuring, Auros was recently released from court-supervised provisional liquidation and obtained a fresh investment of $17 million.

Vivienne Court Trading, a traditional high-frequency trading firm, and Bit Digital (BTBT), a public bitcoin mining company, led this investment. Meanwhile, the [crypto trading](/news/article/how-does-crypto-trading-work) firm had to engage in months of behind-the-scenes efforts to keep its business afloat following the collapse of FTX, which caused significant losses for several trading firms in the crypto industry.

## Auros response to the liquidity crisis caused by FTX bankruptcy

The failure of [Sam Bankman-Fried's](/news/article/sam-bankman-fried-bail-co-signers-revealed) exchange to repay its customers caused concerns about a broader insolvency crisis in the cryptocurrency market.

As a result, lenders began recalling their outstanding loans to minimise possible losses. Auros, whose funds were mainly tied up in FTX, suddenly faced a liquidity crisis and could not repay its creditors. Rather than attempting to repay lenders, it filed for provisional liquidation with the British Virgin Islands (BVI) court to engage with its creditors.

With the BVI's assistance, the firm could restructure its outstanding debts, including converting open-term loans into termed loans with a maturity date. Auros also addressed its $18 million in [DeFi](/news/article/what-is-a-defi-token) loans by repaying 55% of its debt on the blockchain-based credit platform Maple and spreading the remainder across three-month and nine-month loans.

## Auros raises strategic funds to continue its operations

According to Roth, the company had plans to raise capital even before [FTX's collapse](/news/article/ftx-bankrupt-who-to-blame). However, the court's supervision made it more challenging to raise funds. In a statement, Marcel Klooss, co-founder of Vivienne Court, stated that the two companies have complementary skills and distinct characteristics that will create continuous synergies. The crypto firm, expanding its derivatives solutions business to offer yield and protection services to clients, will have [BitDigital](https://bit-digital.com/) as its second-largest investor and strategic partner.

The funding round also includes participation from Trovio, Primal Capital, Epoch Capital, and a group of senior and former traders from proprietary trading and market-making firm Optiver.

Marcel Klooss and Hughes Ching, co-founders of Vivienne Court and Bit Digital, respectively, will become members of the board of directors.


blue image of circuitboard with auros logo overlayed

Auros Resolves Liquidity With $17M Funding 

On Wednesday, the US DOJ (Department of Justice) and the Securities and Exchange Commission (SEC) reported that Guo Wengui, a Chinese billionaire living in exile, was detained in New York for supposedly planning a fraud scheme worth more than $1 billion which involved cryptocurrency.

Guo, also known as Miles Guo and Ho Wan Kwok, or "Brother Seven," has been accused of committing 12 counts of wire fraud, securities [fraud](/news/article/terraform-labs-accused-of-fraud-by-sec), bank fraud, and money laundering. The DOJ stated that he allegedly used false statements and representations to persuade hundreds of thousands of his online followers to invest in various entities, resulting in more than $262 million in victim funds being obtained through the Himalaya Exchange, a supposed [cryptocurrency](/news/article/what-is-future-of-cryptocurrency) ecosystem.

The DOJ disclosed that it had seized around $634 million from 21 bank accounts linked to the alleged fraud.

The DOJ also [stated](https://www.justice.gov/usao-sdny/pr/ho-wan-kwok-aka-miles-guo-arrested-orchestrating-over-1-billion-dollar-fraud-conspiracy) that Guo Wengui is accused of making false statements and offering his investors inflated returns in exchange for supporting various ventures, including GTV Media Group Inc. In addition, Guo has been charged by the SEC for participating in unregistered and deceitful offerings that garnered more than $850 million.

## Bail Denied for Guo Wengui

According to the SEC, an investment scheme that employed cryptocurrency security called "H-Coin" or "Himalaya Coin" deceptively collected hundreds of millions of dollars from investors.

The project falsely stated that 20% of the coin's value was supported by gold and that the issuer would compensate investors in the event of any losses. According to Gurbir S. Grewal, the director of the SEC's enforcement division, the issuer, Guo, capitalized on the hype and appeal of cryptocurrency and other investments to victimize thousands and fund his and his family's luxurious lifestyle.

On Wednesday, the SEC made this statement, and CNN reported that Guo was denied bail at a hearing held the same day.

US Attorney Damian Williams claimed that Guo had committed the crime of profiting from embezzled money. Williams specifically mentioned that Guo had used the [stolen funds](https://twitter.com/SDNYnews/status/1636013342962712577?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1636013342962712577%7Ctwgr%5E5aa49442bd1adc0405714d5fc3a9c0868d934968%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fforkast.news%2Fheadlines%2Fus-accuses-exiled-chinese-tycoon-guo-wengui-of-1-billion-crypto-linked-fraud%2F) to buy a 50,000 square-foot mansion in New Jersey for himself and his close relatives, as well as a Ferrari valued at $3.5 million, two mattresses worth $36,000 each, and a lavish yacht that cost a whopping $37 million.


red backgound of money with guo wengui and a white dog

Guo Wengui Accused of $1 Billion Crypto Fraud 

On Friday, USDC stablecoin de-pegged from its intended $1 price after [Silicon Valley Bank](/news/article/silicon-valley-bank-uk-to-be-bought-by-hsbc) (SVB) was closed by regulators. In a [blog post](https://www.circle.com/blog/an-update-on-usdc-and-silicon-valley-bank), Circle said it would use its corporate resources and external capital, if required, to back USDC.

Circle had been holding $3.3 billion in USDC cash reserve at the Silicon Valley bank when the FDIC seized the bank's assets on Friday.

The company stated that it had attempted to transfer its assets before the bank's collapse and that the transaction could settle on Monday when US banks would resume normal operations.

However, Circle acknowledged the possibility that SVB might not return 100% of its assets, and it may take some time for any return, as the FDIC issues IOUs and advanced dividends to deposit holders.

According to Coingecko, the USDC price fell as low as $0.88 before rebounding to $0.97 after the announcement.

## DEX witnessed ATH in trading volumes

As a result of USDC price de-pegging from $1, crypto firms such as Binance, [Crypto.com](/news/article/crypto.com-ceo-past-includes-bankruptcy), Coinbase, and Bitpay paused USDC transactions and auto conversions. However, despite crypto companies halting transactions, the stablecoin accounted for 29% of the $90.70B global crypto trades.

Over the weekend, decentralized exchanges (DEX) [Uniswap and Curve witnessed a surge in trading volumes](https://www.coindesk.com/markets/2023/03/13/usdc-trading-dominates-record-day-for-defi-exchanges-uniswap-curve/), hitting all-time highs, as traders rushed to exchange their token holdings, particularly USD coin, with other tokens.

Uniswap processed nearly $12 billion in trading volume over 24 hours from Saturday to Sunday.

According to Dune Analytics data, USDC pools for wrapped Ether (WETH), Tether (USDT), and Dai (DAI) generated $15 billion in volume over seven days. The majority of this occurred from Friday to Sunday, generating over $8 million in fees for the Uniswap protocol, adding to Uniswap Labs' revenue, with a smaller percentage paid to liquidity providers.

Furthermore, stablecoin swapping tool Curve recorded almost $8 billion in trading volume, with one of its popular pools being imbalanced due to the rush of traders exchanging USDC for other tokens.


USDC Price De-pegged Below $1 

Bankrupt cryptocurrency lender Voyager Digital has been granted [court approval](/news/article/voyager-review-binance-deal) to sell more than $1 billion of its assets to Binance US, according to a [Bloomberg report](https://www.bloomberg.com/news/articles/2023-03-07/binance-us-approved-to-buy-voyager-after-judge-spurns-regulators#:~:text=Voyager%20Digital%20Ltd.%20won%20court,the%20approximately%20%241%20billion%20deal.) on 7 March.

US bankruptcy judge Michael Wiles granted the approval after four days of arguments presented by the company and the United States Securities Exchange Commission.
According to the judge's decision, the trading platform will close the sale and issue repayment tokens to impacted customers, giving them back approximately 73% of what they are owed.

Arguments from the SEC that redistributing funds to [Binance](/news/article/stop-minting-binance-stablecoin) US from Voyager would violate US securities laws were rejected. However, Peter M. Aronoff, a lawyer with the Department of Justice, said at the hearing that the federal officials are considering appealing Wiles' decision. The ruling comes days after 97% of 61,300 Voyager account holders favored the current Binance US restructuring plan.

## Voyager to decide on completing sale or liquidating on its own

The trading platform now has the option to complete the sale or liquidate on its own and turn over the proceeds to account holders, depending on how it views the ongoing federal investigations of Binance in the US.

The decision will also be influenced by Voyager's bankruptcy court dispute with [Alameda Research](/news/article/ftx-funds-political-donations-to-be-recovered), the sister company of FTX, which is demanding that Voyager hand over what was originally lent out. The company has agreed to reserve $445 million if it loses that dispute.

Customer payouts will be affected by Voyager's bankruptcy court dispute with Alameda Research and its decision to sell its assets to Binance. Brian Tichenor, the lead investment banker, said in a court hearing that if the approved restructuring plan is executed, customers will receive about $100 million more than if the trading company liquidated on its own.

The price of VGX tokens increased 32.9% to $0.50 in the four hours of the news before cooling off to $0.46 at the time of writing, according to CoinGecko data.


Binance US Cleared to Buy Voyager Assets 

The much-awaited [ETH Shanghai hard fork](/news/article/ethereum-shanghai-upgrade) upgrade, initially scheduled for late March, has been postponed by around two weeks by the Ethereum developers.

According to the announcement made during an [Ethereum](/news/article/ethereum-price-in-uk) developer meeting on 2 March, the ETH [Shanghai upgrade](https://cointelegraph.com/explained/ethereum-shanghai-upgrade-explained) is expected to be released sometime in the first half of April. At the meeting, the core developers agreed that the hard fork would occur approximately two weeks after the Goerli testnet launch, scheduled for 14 March. The Goerli testnet will be the final rehearsal before implementing the hard fork on the mainnet.

According to Tim Beiko, the project coordinator and a core developer for Ethereum, it is customary to provide a minimum of two weeks' notice before implementing any changes to the mainnet.

Beiko explained that if the Goerli testnet launch proceeds smoothly and the developers agree to move on 16 March, the earliest the mainnet will be updated would be in the first week of April.

In a [Twitter thread](https://twitter.com/TimBeiko/status/1631372629721620480?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1631373281650708481%7Ctwgr%5E1dbeece3471db96040845174bce7b665f85d20d5%7Ctwcon%5Es2_&ref_url=https://cointelegraph.com/news/ethereum-core-developers-push-shanghai-upgrade-to-early-april) on 2 March, Beiko clarified that they still needed to set a specific date for the mainnet update. Still, they are likely to decide during the next developer meeting on 16 March, contingent on the success of the Goerli testnet.

## What is the Shanghai Capella upgrade, and why is it essential?

The Shanghai Capella upgrade, also known as Shapella, which will be deployed on Goerli, represents the final opportunity for Ethereum clients and staking providers to verify that the Shanghai hard fork will function seamlessly when it goes live on the mainnet.

The eagerly awaited mainnet upgrade in Shanghai will enable Ethereum staked on the Beacon Chain to be withdrawn in stages. To maintain the security and stability of the network, the withdrawal of ETH will be dynamic. It will depend on the number of validators exiting at any given time. Since validators must complete a two-stage process involving an exit queue and a withdrawal period, the withdrawal process will occur gradually over time.

Around 17.1 million ETH, worth roughly $28 billion, has been staked on the Beacon Chain since the launch of the Ethereum consensus layer in December 2020. And the ETH Shanghai upgrade is predicted to benefit liquid staking providers, such as Lido, by bringing in more collateral. These platforms provide increased flexibility and yield opportunities for staked ETH, which could result in a rise in collateral deposited on them after the upgrade.


green image of shanghai and ethereum logo

ETH Shanghai Upgrade Postponed 

The US Federal Reserve has again rejected an application by Custodia Bank for membership of the Reserve System.

Despite the request for reconsideration, the central bank [upheld its decision](https://www.federalreserve.gov/newsevents/pressreleases/orders20230223a.htm), citing the application's inconsistency with the necessary legal requirements. Meanwhile, a district court has permitted the lawsuit between this crypto firm and the Federal Reserve to proceed.

In January, the central bank denied Custodia's membership application, which it had submitted in 2019. The board allows rejected applicants to request a review of their membership status.

The Fed stated that the Custodia Bank management framework was "inadequate" when it denied the application. Furthermore, the Fed issued [a joint declaration](https://cointelegraph.com/news/us-federal-agencies-release-joint-statement-on-crypto-asset-risks-and-safe-practices) with the OCC (Office of the Comptroller of the Currency), alongside the FDIC (Federal Deposit Insurance Corporation), stating that [cryptocurrencies](/news/article/cryptocurrency-adoption) are inconsistent with safe banking practices. 

This firm seeks to join the central system to be regulated under the same rigorous standards that traditional banks must adhere to and to pave the way for other [crypto banks](/news/article/crypto-banks-access) seeking to meet these heightened standards.

Upon its first refusal, it was stated that the operational strategy entailed notable challenges to its security and stability and asserted that the company lacked an excellent system for managing risks.

## Deadline for Custodia's amended complaint set for 1 March

Firm representative Nathan Miller stated on 17 February that the central legal issue being questioned is whether the Fed had the authority to make decisions regarding master accounts and that the crypto bank had attempted to find a sensible solution before being pressured by the Fed. The judge has instructed Custodia to submit its initial amended complaint to the court before 1 March.

On 22 February, a Wyoming District Court judge denied a motion by the Fed board to dismiss a lawsuit from Custodia. The case was filed due to the central bank's delay of more than two years in providing this crypto bank with a master account.

With a master account, it could access the Federal Reserve payment systems without involving a third-party bank. The Fed rejected the master account application in January 2020, which had been submitted two years earlier in October 2018.


custodia bank logo with red background and US federal reserve logo

Custodia Bank Application Denied by the Fed 

On 22 February, New York Attorney General Letitia James filed a lawsuit against CoinEx. The allegations state that the cryptocurrency exchange conducted business unlawfully as it failed to register with the state.

## New York sues CoinEx exchange

James charged CoinEx exchange with failing to register as a commodities and securities broker-dealer in the state. The 38-page [petition](https://ag.ny.gov/sites/default/files/memorandum_of_law_in_support_of_petition._nyoag_v._vinogloballtd_dba_coinex.pdf) filed in the New York Supreme Court alleged that CoinEx violated the state's Martin Act, which is known as one of the most rigorous anti-fraud and securities regulation laws in the US.

According to the petition, [CoinEx](/news/article/coinex-smart-chain) was "engaged in repeated and persistent fraudulent practices". The lawsuit also accused the exchange of listing tokens such as Amp, LBRY Credits (LBC), Rally (RLY), and [Terra](/news/article/terra-luna-second-airdrop) LUNA, which qualified as "both commodities and securities".

James [stated](https://ag.ny.gov/press-release/2023/attorney-general-james-sues-cryptocurrency-platform-failing-register-new-york) that the crypto exchange was not registered with the Commodity Futures Trading Commission or the Securities and Exchange Commission, as required under New York law to sell these tokens.

The petition further alleges that the company failed to comply with a 22 December subpoena sent by the Attorney General's Office to "provide testimony concerning the virtual asset trading activities of its platform".

As per the petition, James seeks a court order to prevent CoinEx from marketing itself as an exchange and stop it from operating in the state by ordering it to geoblock internet addresses and GPS location data from New York.

## Cryptocurrency exchanges must comply with legal standards

James made it clear that cryptocurrency companies cannot ignore regulatory requirements. In a statement, she said the days of cryptocurrency companies behaving as if rules do not apply to them "are over".

With this lawsuit, the New York Attorney General's office is taking a stance on upholding securities regulation laws and ensuring that companies operating in the state comply with them.


CoinEx Exchange Sued by NY Attorney General

Is it possible that the Shiba Inu price could reach $10 by 2024?

The [Shiba Inu](/news/article/shiba-inu-holders-value-of-bone) coin, inspired by the popular dog breed, has gained a significant following in the market. Originally conceived as a joke, the coin has evolved into something more serious over time.

Since its launch, the price of the coin has undergone significant fluctuations. Although it had limited popularity initially, the coin experienced a surge in 2021, propelling it into the spotlight. The coin intends to become the Ethereum-powered equivalent of Dogecoin's mining algorithm, which uses Srypt. At the same time, introducing Shiba Inu in the [Shibaverse](/news/article/shibaverse-coin) metaverse could potentially drive up trading prices.

## Developments in the Shiba Inu ecosystem

The Shiba Inu ecosystem comprises decentralized applications (DApps), protocols, and open-source platforms that allow for the creation of smart contracts and DApps on the Ethereum blockchain. Additionally, it includes the SHIB token, which is used for purchasing goods and services within the ecosystem.

As anticipated, [Shibarium](/news/article/shibarium-release-date-update), the Layer 2 protocol of the platform, is progressing well. This advancement will allow users to transfer assets at a reduced gas cost, facilitating the completion of minor transactions through DApps supported by Shiba Inu.

Additionally, the team has enlisted new developers to enhance the platform's user interface and experience. ShibaSwap gathered close to $1 billion in locked assets in just one day, confirming SHIB's position as more than just a meme cryptocurrency. The collaboration between Shopping.io and Shiba Inu provided a further boost, as customers could utilize SHIB as a payment option on major retailers such as Walmart, Amazon, and eBay.

## Can Shiba Inu price 2024 touch $10?

The total supply refers to the number of coins that exist, excluding any that have been burned. This can be compared to the outstanding shares in the stock market. At the time of writing, there is a circulating supply of [0.549 trillion](https://coinmarketcap.com/currencies/shiba-inu/) coins, so if we think about a $10 price of these tokens, we are talking about a market cap of $5.49 trillion, which seems to be unattainable at this point.

## A Shiba Inu price 2024 of $10 seems unlikely.

As per [AMB CRYPTO](https://ambcrypto.com/predictions/shiba-inu-price-prediction-2024), the price of Shiba Inu in January 2024 is expected to fluctuate between $0.000027 and $0.000031, with an average price of approximately $0.000029.


green image of shiba inu coin on pile of cryptocurrency coins

Could Shiba Inu Price Reach $10 by 2024? 

Crypto entrepreneur Do Kwon and the company he co-founded, Terraform Labs, have been [accused](https://www.sec.gov/news/press-release/2023-32) of fraudulent activities by the US Securities and Exchange Commission (SEC).

According to the SEC, Kwon and Terraform Labs offered and sold unregistered securities, including the TerraUSD stablecoin, and conducted a scheme that resulted in the loss of at least $40 billion worth of market value. The case is a significant step in the SEC's ongoing efforts to regulate the crypto industry.

The SEC's allegations include the assertion that Kwon and Terraform Labs misled investors by making false statements about their relationship with the South Korean mobile payment app "Chai" and the stability of the stablecoin TerraUSD, which was marketed as maintaining a 1-to-1 peg to the US dollar. The agency has also accused the company and Kwon of offering misleading investment opportunities to investors.

## SEC files complaint against Terraform for securities violations

The SEC has filed a [complaint](https://www.sec.gov/litigation/complaints/2023/comp-pr2023-32.pdf) in the US District Court for New York's Southern District against Terraform and its founder, Do Kwon, for alleged violations of the Securities Act and the Exchange Act.

The complaint, which spans 55 pages, claims that Terraform and Kwon were engaged in deceptive marketing practices concerning its Anchor Protocol, which advertised a 20% interest rate on deposits of USTC.

The SEC also alleges that the defendants misled investors about the stability of Terra's stablecoin, which lost its US dollar peg in May 2021, resulting in a collapse of the digital asset market that wiped out an estimated $40 billion in value.

South Korean authorities are searching for Kwon, whose current location remains unknown. He is [suspected to be in Serbia](/news/article/do-kwon-hiding-in-serbia) after departing from his residence in Singapore in September. This search is in relation to an arrest warrant issued in September on allegations including breaches of capital-markets law. Noticing the hide-and-run game, Interpol issued a [red notice](/news/article/do-kwon-red-notice) against him to locate his whereabouts.


Terraform Labs Accused of Fraud by SEC 

The [Freeway](https://freeway.io/) network and token foundation is based on the concept of creating a financial system that is more beneficial for all. It aims to revolutionise how finance is traditionally handled and make it significantly more rewarding.

Recognising that traditional finance methods did not prioritise incentives, Freeway set out to create a new approach utilising the capabilities of blockchain technology and the collective power of individuals. It strives to provide greater accessibility, autonomy, and incentives for all individuals, regardless of location or income level.

## Freeway Token price update

Currently, the [Freeway](/news/article/freeway-crypto-halts) Token (FWT) price is $0.004507 and its trading volume over the past 24 hours is $135,768. This token serves as a useful tool within the rapidly expanding Freeway ecosystem. By holding FWT on the Freeway platform, users can gain additional incentives on the products.

Additionally, staking FWT allows for even more reward opportunities. To purchase this token at its current value, the most popular cryptocurrency exchanges are PancakeSwap and Uniswap.

## What to expect from a Freeway Spend account

This account will provide you with standard banking services and offer increased incentives for your daily expenses. The banking services offered include convenient bank transfers for making deposits and withdrawals, a virtual [debit card](/news/article/ledger-crypto-wallet) for daily purchases, and generous rewards for everyday spending.

## How could you earn from Freeway Token?

As per the company website, by staking FWT, you have the potential to earn annual rewards of up to 30% (estimated). Please note that the actual rewards may fluctuate as the reward pools have various factors that can affect the outcome. The estimated range for annual remuneration is between 15-30%.

You can significantly boost your annual rewards on Superchargers with FWT. By holding a balance of their token equal to or greater than 5% of your overall balance, you will be able to earn an additional 10% in annual rewards on your Superchargers. This means you can earn rewards on your Superchargers through the regular rewards program and earn an additional 10% on top of that through holding FWT. This can greatly enhance your overall returns and make your Superchargers even more valuable.

FWT will ensure the stability and security of the Layer 1 Freeway chain through user staking and delegating to node validators. Both users and validators will benefit from staking rewards pools and gas fees generated by the Chain.

## How to stake Freeway Token

To start staking, simply purchase or deposit your tokens and click the stake button. This will earn you estimated annual rewards of up to 30% for 30 days. At the end of this period, your FWT will automatically unstake. To continue earning rewards, just hit the stake button again and start a new 30-day period. During your 30-day staking period, you have the option to reset it and begin the 30 days anew. However, it is not possible to unstake or withdraw your FWT until the 30-day period has ended.

Furthermore, the benefits continue as your daily rewards for staking FWT are deposited into the Supercharger of your choice, allowing your rewards to earn additional bonuses as well. The simplest method of obtaining FWT at its current market value is through Freeway. Additionally, FWT can also be purchased on several other exchanges, including Uniswap, AscendEX, BitGlobal, and PancakeSwap.

## Why wait before betting on the Freeway Token?

In response to significant market fluctuations, this company has halted its services. The platform stated on its website that it is taking steps to diversify its assets to manage potential future market volatility and secure its ecosystem's long-term stability and success.

The company indicated that Freeway users might have to endure a prolonged period of uncertainty, stating that they will not provide further comments until the ongoing process has been completed. 

According to CoinMarketCap, the Freeway Token (FWT) experienced a decline of 79% from 22 October to 25 October. On 22 October, the FWT was valued at $0.007405, but by 25 October, it had dropped to $0.001535.

Even today, Freeway is not accepting new customer accounts for Superchargers. You'll find a pop-up on its website stating that additional information will be provided in the near future.


Freeway Token: What's Going On?

Solice is a virtual reality Metaverse on the Solana blockchain enabling users to engage in activities such as gaming, creating 3D model assets and building mini-games, socialising, and earning money through their virtual experiences.

By supporting multiple platforms, [Solice](https://solice.io/) eliminates the need for users to have the same hardware, software, or operating system. This allows for easy interaction and connection with friends and family, leading to potential rapid growth in the user base.

In this game, players can gather various pets, gemstones, and other collectable items such as NFTs, create assets and mini-games, and construct land plots. Additionally, players can acquire tokens and other unique assets by completing tasks, overcoming challenges in dungeons, and reaching high scores through active involvement and construction in the virtual world.

This VR Metaverse is designed to mimic the flexibility of real life, providing users with a governance mechanism based on a liquid democracy and rules inspired by the real world, which a DAO controls through the Solice native token.

## Earn rewards in the Solice Metaverse

1.	Trade in the Metaverse - The Solice market is an online exchange platform, but it is also working on introducing a marketplace within the [Metaverse](/news/article/burberry-collection-minecraft-metaverse). This feature would enable users to see objects in a 3D VR environment, giving potential buyers a more engaging and personalised experience.

2.	Earn - Users can earn SLC tokens and other rare assets by completing dungeons, mini-games, and quests or by receiving entrance fees for their creations. Additionally, they can earn additional SLC tokens by staking them in the Metaverse.

3.	Create - Solice is introducing a custom editor, an SDK that provides users with a user-friendly way to create, assemble and share 3D models and mini-games. This would be an initiative to empower individual creators by providing them with an intuitive and flexible platform to create whatever they desire. Users can design their 3D models, animate them, and then sell or share them on the marketplace.

## Solice Metaverse secures investment

This VR and cross-platform PC game created in 2021 by Christian Zhang raised $4.3M in funding in a Seed round on 1 December, 2021. The most recent investors were Maven Capital and DeFiance Capital.

Prominent crypto investors Animoca Brands and DeFiance Capital were leading investors in the project, with support from "strategic backers and partners" such as Alameda Research, KuCoin Labs, and others.


Solice: The First Cross-Platform VR Metaverse 

UK authorities have [carried out raids](https://www.fca.org.uk/news/press-releases/fca-takes-action-against-unregistered-crypto-atm-operators-leeds#:~:text=No%20UK%20firms%20or%20individuals,down%20or%20face%20enforcement%20action.) on multiple sites in and around Leeds, targeting illegally operated crypto ATMs.

The operation aimed to gather evidence of machines suspected of facilitating buying or converting traditional currencies into digital coins, such as Bitcoin. These machines were found in various locations around the city, and authorities have taken action to shut down their operations.

## FCA investigated illegal crypto ATM UK operations

The [UK's FCA](/news/article/uk-fca-explains-low-crypto-approval) is taking action to enforce its prior announcement that any [crypto ATMs](/news/article/crypto-atm-bitcoin-business) operating within the country without proper authorisation are doing so illegally.

The financial regulatory body has partnered with the West Yorkshire police to combat the illegal operation of cryptocurrency ATMs in Leeds, a city in northern England. The West Yorkshire police's cyber team has identified "several live crypto ATMs", although they did not disclose the exact number or location of these machines.

According to Coin ATM Radar data, there are currently 27 [Bitcoin](/news/article/visa-bitcoin-debit-card-review) ATMs installed across the UK. This operation marks the country's first crackdown on illegally operated crypto ATMs, highlighting the FCA's commitment to upholding regulatory compliance in the burgeoning cryptocurrency market.

According to Detective Sergeant Lindsey Brants of West Yorkshire police, warning letters were issued to the illegal operators instructing them to cease their operations. The letters also clarified that any violation of regulations would lead to an investigation under money-laundering regulations.

## Cryptocurrency companies need to be registered under FCA

According to the FCA, all companies that offer cryptocurrency-related services in the UK must be registered with them to comply with anti-money laundering and counter-terrorist financing regulations.

The FCA has cautioned explicitly that none of the registered crypto asset businesses has the authorisation to provide ATM services. As a result, any UK crypto ATMs currently operating are considered to be doing so illegally.


red image of bitcoin atm and policeman in uk

UK Crypto ATM Raided by Financial Regulator 

Visa Bitcoin debit cards allow users to withdraw cash from ATMs or make purchases using Bitcoin, even if the merchants or ATMs do not accept cryptocurrency directly.

The cardholder preloads their debit card with a certain amount of crypto coins, which are then converted to the local currency at the time of the transaction, eliminating the need for exchanging cryptocurrencies.

## Top 5 Visa Bitcoin Debit Cards

1. Coinbase
Coinbase is a highly recommended option for a [Bitcoin debit card](https://www.investopedia.com/best-bitcoin-debit-cards-5114761#:~:text=supports%2015+%20currencies-,Overview,as%20the%20best%20for%20cashback.). It can be used at any location that accepts Visa, supports multiple cryptocurrencies, and has solid security measures.

It allows users to make purchases and withdraw cash from ATMs worldwide using cryptocurrency stored in their Coinbase wallet without the need to maintain a balance in fiat currency. It has added security and convenience features, including a mobile wallet app, two-factor authentication, instant card freeze, and spending tracking.

2. Blockcard
Blockcard offers competitive pricing, with a $10 activation fee and a $5 monthly administrative fee (waived if non-cash transactions exceed $750 per month). It also has no deposit, exchange, or withdrawal fees and a low cost of $3 for domestic ATM cash withdrawals ($3.50 for international withdrawals).

To use Blockcard, users must acquire Ternio's native token, TERN, using USD or other [cryptocurrencies](/news/article/the-future-of-crypto-in-the-next-5-years), which are then converted to fiat currency at the time of purchase. It supports more than 14 cryptocurrencies and offers up to 6.38% back in cryptocurrency.

3. Wirex
Wirex offers numerous benefits for its cardholders, including cashback of up to 8%, complimentary withdrawals from ATMs, and the potential to earn interest on fiat and cryptocurrencies. 

Wirex Visa card offers no fees for standard delivery, maintenance, or reissue and free ATM withdrawals up to $400/month. They also have a new [X-Accounts](https://community.wirexapp.com/t/faqs-x-accounts/23302) feature that allows users to earn up to 16% interest on fiat and up to 10% on BTC and ETH.

4. BlockFi
If you're searching for a Bitcoin credit card with a high cash back rate, BlockFi may be a good option with 1.5% cash back, increasing to 2% after reaching $30,000 in annual spending.

[BlockFi](/news/article/blockfi-withdrawals-could-resume) launched the first Visa Bitcoin credit card in July 2021. It offers 1.5% cash back per purchase in Bitcoin with bonus Bitcoin rewards, making it an attractive option for cash back. Unlike other cards, it does not draw on the cardholder's Bitcoin holdings.

In addition to its cashback program, BlockFi provides incentives such as 0.25% back in Bitcoin for eligible trades (capped at $500 per month) and a $10 Bitcoin reward for each successfully referred client.

5. Crypto.com
If you want a card that can handle a variety of cryptocurrencies, then a Crypto.com card is a great choice. It supports more than 80 cryptocurrencies and over 20 fiat currencies. Crypto.com's Ruby Steel card, their most popular and budget-friendly option, offers 1% cash back on every purchase, a yearly Spotify subscription refund, and no ATM withdrawal fees for up to $400 per month.

Customers who are hesitant to spend $400 on a Visa card can opt for Crypto.com's Midnight Blue card, which offers no ATM fees for withdrawals up to $200 per month.


Visa Bitcoin Debit Card Review 

[Town Star](https://townstar.com/gameplay) is a unique play-to-earn gaming blockchain developed by Gala Games on the Ethereum blockchain. Players can build and rule a town while earning Town Star coin (TOWN) rewards, access in-game items through NFTs, and compete for prizes and rewards on the leaderboard.

The game offers a fun and rewarding experience for players who complete challenges and unlock play-to-earn rewards.

Gala Games introduced TOWN as a utility token to incentivise players to utilise the in-game NFTs. This virtual token is a blockchain-based cryptocurrency that can be traded on different exchanges. Users have the option to transfer or trade tokens, but they can only buy tools using in-game currency.

In this virtual world, players compete to build the most efficient and productive town possible by growing, gathering, and crafting their own 3D models. The game, created by one of the co-founders of Farmville developer Zynga, offers opportunities to top the leaderboard, win big prizes, and complete challenges to earn Town Points.

## Gameplay mechanics and token specifics

Players can acquire TownCoin (TOWN) tokens built on the Ethereum blockchain network by participating and completing its tasks. This feature allows players to earn passive income while playing the game. Additionally, user-owned in-game assets (NFTs) can contribute to earning TOWN tokens daily based on their rarity and usage in farms and towns. However, it is essential to note that gamers must actively play the [game](/news/article/free-play-to-earn-games) to earn these tokens through their NFTs.

Gala Games introduced Gala Power as a system for measuring in-game progress. By increasing their Gala Power, users can expand the number of NFTs they can place in their farms and towns. The level of Gala Power is determined by factors such as players' wallet capacity, the NFT assets they possess, how long they have had their account, and their investments in the game’s native currency.

## What is the Town Star contest all about?

In the contest, users must carefully plan and manage their city’s resources to cultivate and produce goods. By utilising AI workers and creating valuable items, players must expand their town while working within the limitations of space and resources.

The main objective is for players to use their knowledge of worker roles and building functions to construct the most productive and efficient town within the given space. Players are considered victorious when they can produce and sell high-value goods, thus earning more points than their competitors.

## How is Town Star coin added to the supply?

Players can earn tokens by engaging with NFTs. Additionally, those who operate Founder's Nodes may receive tokens as a daily reward for their efforts.

The total amount of Town Star coin tokens that can be in circulation is equal to 1 quadrillion.

## Town Star NFT

NFTs, or blockchain items, are in limited quantities and can be bought in the Gala Games store while still in stock. These items can be transferred between players and can also be transferred out. They may also have value outside of the game, and using them in the game provides additional benefits. Players can earn rewards when they use NFT items in their build, provided they meet specific requirements.

Players can access in-game items using NFTs to complete daily challenges and build their town on the platform. Those who perform well and rank highly on the leaderboard will receive attractive prizes and rewards. Additionally, players can earn rewards by completing challenges and unlocking new items in the game.

## What is Season Pass in the game?

To earn tokens in each season, players must possess a Season Pass, an NFT item referred to as a "ticket". The Season Pass acts as a key, allowing players to earn coins throughout the entire season as long as they meet other requirements. NFTs in the game have varying rarity levels, and each earns tokens daily based on its rarity level. The rarer the NFT is, the more coins it will generate daily when used in the game.

## How to obtain and redeem P2E incentives

Ensure that you have a sufficient amount of Gala Power by obtaining GALA or TownCoin and keeping it in your player wallet.

These tokens held in your wallet will be used to determine your [Gala](/news/article/gala-busd-everything-you-need-to-know) Power level.

### The equation for calculating Gala Power is:

### Gala Power = Gala Coin + (TownCoin*2).

For the first season of Town Star Play-to-Earn(TSP2E), individuals can earn daily without needing a ticket. However, starting with the following season, a valid Season Pass will be necessary to take part.

To earn points, you must have a certain number of NFTs placed and active during the 24 hours. Even if you place the NFTs just before the countdown ends, as long as all other requirements are met, they will still be eligible for earnings.


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