DeFi

“A huge win for crypto” – DL News

Published

7 months ago

25 June, 2024

Julian Assange has accepted a plea deal that grants him freedom.
Assange DAO had already raised $53 million to help the WikiLeaks founder.

Members of AssangeDAO, a collective created in early 2022 that has raised millions to fund Julian Assange’s legal defense, say the plea deal between the WikiLeaks founder and US authorities could not have been reached without them .

“[It’s] a huge win for crypto,” said Harry Halpin, co-founder of AssangeDAO and CEO of Nym Technologies. DL News.

“I do not believe Julian would be free if the US government did not know that Julian had enough censorship-resistant cryptocurrencies to fund his legal battles indefinitely.”

Assange reached a plea deal with US authorities on Monday, allowing him to walk free after more than five years of incarceration in the UK. The deal follows a 14-year legal battle waged by Assange after he allegedly published classified US military data on the wars in Iraq and Afghanistan.

As of February 2022, AssangeDAO raised some 16,593 Ether worth approximately $53 million by selling JUSTICE tokens.

Assets like Bitcoin and Ether cannot be frozen, making them the preferred choice for those who want to avoid government control.

US authorities have charged Assange with 18 counts of violating the US Espionage Act. Assange agreed to a deal in which he would plead guilty to a single charge of conspiring to obtain and disclose classified US national defense documents.

The terms of the agreement provided for the immediate release of Assange.

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Raise funds

On chain recordings AssangeDAO sent all collected cryptocurrencies to the Wau Holland Foundation, a German non-profit organization that has been accepting donations on behalf of Assange and WikiLeaks since 2009.

It is unclear, however, exactly how much of the $53 million was spent to help Assange’s case.

Halpin said the crypto raised by AssangeDAO was the “primary funding used to pay lawyers and lobbyists to fight for Assange’s freedom.”

According to Silke Noa, a lawyer and one of the founding members of Assange DAO, the Wau Holland Foundation has not yet published documents detailing its expenses.

“There may have been reasons not to be fully transparent at the time, so as not to harm the legal campaign,” Noa said. DL News.

She added, however, that the foundation is “closely regulated” and there is no reason to believe the funds were squandered in any way.

Onchain records show that more than 11,000 Ether out of the 16,593 donated to the Wau Holland Foundation have left the nonprofit’s wallet since it received the sum.

In May 2023, the foundation submitted an application Disclosure Form LD-2 showing that she hired and paid $600,000 to the law firm Squire Patton Boggs to lobby the US Department of Justice on behalf of Julian Assange.

“Julian trusted Wau Holland 100 percent and I am sure they are preparing to both pay lawyers and diversify their funds,” Halpin said.

AssangeDAO had to get creative to ensure that the funds raised reached the foundation.

First, AssangeDAO raised funds through Juicebox, a programmable crypto financing platform. Juicebox kept 5% of the money raised.

The remainder was used to bid on an NFT created by the Turkish digital artist formerly known as Murat Pak, known for his record NFT sales. Pak then donated the funds directly to Wau Holland.

Noa said this structure “guaranteed that the anonymous funds would be bankable and could be used to pay Assange’s legal costs”.

And after?

Now that AssangeDAO has achieved its main goal, the cooperative risks finding itself aimless.

Halpin said he did not know what the DAO’s plans were, but said he would invite Assange to join in due course.

Noa said that now that Assange had been released, the DAO could be more open about the challenges it faced in funding the Wikileaks founder’s defense.

But, she says, that story will have to wait.

“This will only undermine the success achieved today in helping to free Julian,” she said.

Tim Craig is DL News’ DeFi correspondent based in Edinburgh. Contact him with advice at tim@dlnews.com.

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DeFi

If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation

Published

6 months ago

29 July, 2024

CoinFlix Staff

If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation

Bonk and Pepe appear set to net new investors 10x to 100x returns over the next 12 months. However, cryptocurrencies in the DeFi play-to-earn gaming sector could offer even greater returns. As August approaches, Rollblock is emerging as a standout DeFi play-to-earn gem with the potential to 100x-1000x gains in the fourth quarter and beyond.

The project features an innovative revenue sharing model and exceptional accessibility, attracting players and investors. Additionally, Rollblock’s extensive game library of over 150 titles and enhanced sports betting are further driving excitement for the platform. Cryptocurrency analysts are expecting a sudden surge in demand. 800% a push for Rollblock from the beginning of September.

Bonk remains strong despite market fluctuations

While most well-known cryptocurrencies struggled throughout July, Bonk remained strong. As one of the highest-grossing meme cryptocurrencies of 2024, Bonk rose over 24% in July, while most cryptocurrencies experienced negative fluctuations.

Investors looking to add a relatively safe memecoin to their portfolio should consider Bonk. While Bonk is unlikely to generate explosive gains of 250x to 1,000x from here on out, Bonk could still theoretically provide returns in the 20x to 100x range.

Pepe should see a big rise in the next bull run

Alongside Bonk, Pepe has yet to go through a bull run. This means that there are still substantial gains to be made from Pepe over the next 12 months.

Pepe is down 4% in 30 days, but that shouldn’t worry Pepe investors in 2024. Experts believe Pepe’s best days are still ahead, with crypto analysts predicting a 10x to 50x surge in the next election cycle around November.

In the long term, Pepe could surpass the 100x mark for today’s investors. However, Pepe is a memecoin, and one should exercise caution when investing in purely speculative assets that have no utility.

Rollblock’s Unprecedented Hype Potential Could Push It Past 100x Valuation in Q4

Rollblock is a GambleFi Play-to-Earn token that integrates centralized and decentralized gambling on a single platform. By allowing players to earn rewards through active participation and gameplay, the platform creates a compelling incentive structure that appeals to both casual and competitive players.

With its cutting-edge blockchain technology, Rollblock offers top-notch security that keeps bets and transactions on the platform secure. The platform’s lack of KYC mandates appeals to both users who value anonymity and security.

Rollblock’s revenue sharing model, which allocates up to 30% of casino revenue to RBLK token holders, is a major draw for investors. The model involves burning half of the repurchased tokens and distributing the other half to stakers, increasing the token’s value and encouraging long-term investment.

The platform is also constantly evolving thanks to user feedback which has enabled updates such as the upcoming sports betting feature within the platform’s casino. This addition will complement Rollblock’s extensive game library of over 150 titles, ranging from traditional poker to innovative blockchain-based games.

RBLK is expected to emerge as one of the leading DeFi tokens in 2024. With a price of $0.0172 with impressive growth potential and over 140 million tokens sold recently, Rollblock is on track to enter the top 100 cryptocurrencies by Q4, making today a lucrative time to buy RBLK tokens.

Discover the exciting opportunities of the Rollblock (RBLK) presale today!

Website: https://presale.rollblock.io/

Social networks: https://linktr.ee/rollblockcasino

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DeFi

Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong

Published

6 months ago

29 July, 2024

CoinFlix Staff

Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong

Veteran cryptocurrency investor Arthur Cheong believes the digital asset sector offers long-term holders a golden opportunity.

Cheong, the founder of DeFiance Capital, tell His 171,700 followers on social media platform X indicate that he believes decentralized finance (DeFi) is hugely undervalued.

According to Cheong, DeFi projects are innovating at a rapid pace and leaving traditional financial (TradFi) companies in the dust.

“It’s been a long time since I’ve been this excited about the risk/reward and potential upside of DeFi. This is probably the most misjudged moment since the pre-DeFi summer of 2020, with extremely promising prospects.

I see opportunities not only in OG (original) DeFi, but also in some newer projects that are evolving rapidly and growing at a pace that fintech startups will do anything to match.

The veteran investor also believes that crypto is now here to stay following recent launch from the Ethereum spot market (ETH) exchange-traded funds (ETFs) last week.

“Overall, the floodgates are open and there is no turning back. TradFi asset managers will continue to launch new crypto products because, guess what: there is huge demand for them!”

I expect them to launch actively managed crypto ETFs [in the] coming years. ”

Earlier this month, Cheong laid that it might be a bad strategy for cryptocurrencies to seek mass adoption, believing that digital assets are designed to disrupt several key financial sectors.

“I think we should accept that cryptocurrencies may not be suited for mass adoption like Web2, but rather are optimized for some narrow but very high-impact use cases like stateless global money, cross-border payments, and decentralized finance.

Chasing mass adoption of normies may be chasing the wrong Grail from the start.

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