Talos and Uniswap Forge Landmark Deal to Boost DeFi Access for Institutions 📣


📌 Talos – a digital trading infrastructure provider – has teamed up with Uniswap and Fireblocks to connect institutional traders to the decentralized finance (DeFi) ecosystem.

⬆️Per a press release from Uniswap on Thursday, Talos’s clients will be able to use the protocol’s trading APIs to access trading for thousands of tokens with their familiar Talos order book format.

🔔 Once launched, Talos clients can execute orders on Uniswap using its time-weight average price (TWAP) algorithm – a widely used price oracle mechanism designed to exclude short-term price manipulations.

⚠️The integration will allow Talos’s strategies to seamlessly interact with both centralized and decentralized liquidity venues and help achieve best execution.

Anton Katz, CEO and Co-Founder of Talos, stated:

“At the cornerstone of the DeFi ecosystem, Uniswap has the breadth of assets and depth of liquidity that institutional traders need… Together, we share a vision of making digital assets more accessible in a financial marketplace that’s more open.”

✔️ Uniswap is the world’s largest decentralized exchange (DEX) and liquidity venue, currently boasting $3.6 billion in TVL, according to DeFiLlama.

Hong Kong Chief Executive Expresses Willingness to Cooperate on Granting More Powers to Regulate Crypto Exchanges 📣

🟢The Chief Executive of the Hong Kong Special Administrative Region, John Lee, has responded to the recent investigation into the unlicensed virtual-asset trading platform Hounax.

🔼 On November 27, Chief Executive John Lee addressed the recent virtual platform supervision fraud and emphasized the importance of government supervision to protect investors and crack down on unlicensed platforms. According to a local news blog, he expressed a willingness to cooperate with regulators and grant additional powers if needed to crack down on unlicensed crypto exchanges.

He said,

💬“If it is necessary to provide power to regulatory agencies, the government will actively cooperate.”

✔️ His comments highlight the need for government supervision to protect investors and combat unlicensed platforms in the crypto space, as the recent Hounax fraud case follows a similar incident involving JPEX, a crypto exchange. The JPEX exchange scandal received over 2,000 complaints and resulted in approximately $180 million in losses.

🔴 A total of 66 individuals have been arrested in connection with the JPEX scandal. In response to these events, local regulators in Hong Kong are strengthening crypto regulations to prevent future industry catastrophes.

IBM Unveils New Cold Storage Technology for Enhanced Crypto Asset Security ⚠️

⬆️ IBM has announced the release of the latest technology designed to enhance the security of cold storage for digital assets, aiming to revolutionize the way cryptos are managed and protected.

➡️The IBM Hyper Protect Offline Signing Orchestrator (OSO) is specifically developed to overcome the challenges associated with traditional methods of cold storage for digital assets. By integrating advanced security features such as disconnected network operations, time-based security, and electronic approval by multiple stakeholders, OSO represents a significant leap in protecting high-value transactions.

📌In the announcement blog, IBM wrote, “OSO is designed to address limitations of current cold storage offerings for digital assets, including the need for people to perform manual procedures for the execution of a cold storage transaction.”

⚡️ Further elaborating on the functionality, the blog explained, “Hyper Protect OSO provides a policy engine that brokers communication between two different applications that have been designed not to communicate directly with each other for security purposes.”

SBF Decides Against Filing Post-Trial Motions, Shifts Focus to Appeal 📣

⚠️The lawyers of disgraced FTX founder, Sam Bankman-Fried, have decided to not file any post-trial motions following his fraud conviction on November 2nd, according to a letter filed by his attorneys on December 1st.

💬 “After further consideration, we have decided not to file any post-trial motions,” wrote Bankman-Fried’s attorneys in a letter to Judge Lewis A. Kaplan. “We reserve our rights to pursue any claims on appeal.”

➡️ Depending on the kind, a granted post-trial motion has the potential to change the result of a trial entirely. The decision by Bankman-Fried’s defense suggests that they will be focusing their efforts on an appeal.

🔝“Mr Bankman-Fried maintains his innocence and will continue to vigorously fight the charges against him,” said defense attorney, Mark Cohen, in a statement shortly following his client’s conviction.

House Committee Unanimously Passes Pro-Blockchain Bill 🔥

🔴 The House Committee on Energy has voted unanimously to approve a new piece of legislation entitled the “Deploying American Blockchains Act.”

📌 According to the brief, the bill would “direct the Secretary of Commerce to promote the competitiveness of the United States related to the deployment, use, application, and competitiveness of blockchain technology or other distributed ledger technology, and for other purposes.”

⚠️ The brief notes that the Secretary of Commerce would “serve as the principal advisor to the President” regarding policy issues related to blockchain technology.

© Moreover, the bill would require the Secretary of Commerce to spearhead a “Blockchain Deployment Program” that would “support American leadership in the deployment and use of blockchain technology and other distributed ledger technology, applications built on blockchain technology or other distributed ledger technology, tokens, and tokenization.”

📉 Led by efforts from Congresswoman Lisa Blunt Rochester (D-DE) and Congressman Larry Bucshon (R-IN), the bill has even garnered approval from some of the crypto industry’s biggest voices, including the Blockchain Association and the Chamber of Digital Commerce.

🤖 Grok Truck Fairlaunch on Pinksale. It has potential for next Gem. Strong marketing team behind it !

GROK TRUCK - The world's first meme community of Cybertruck concept design by AI. In November 2019, Elon Musk sent ripples through the automotive industry when he unveiled the Tesla Cybertruck. The Grok Truck community decided to add their twist to the Cybertruck with Grok AI, resulting in a concept that blends car and truck elements.

🎯Our objective is to cultivate a community, offering meme token rewards to augment the allure of the Cybertruck concept car.

🔗PinkSale Fairlaunch: https://www.pinksale.finance/launchpad/0x9736f82fD984D3208101C0fD8F69D1473f9B0e30?chain=BSC&refId=0xFfE71872306546Db522B112EaEE17D8EEaccAB3e


✔️Starts: 2023.12.08 13:00 (UTC)
✔️Ends: 2023.12.09 13:00 (UTC)

✅Audit Certificate: Click

KEY FEATURES
🚗Grok + Cybertruck concept
🚗Hype by Elon Musk's Tweet
🚗Audited
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🚗No team tokens
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🚗Top KOLS,CT influencers🎯
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🚗Major Cex listings
🚗Renounce contract after launch

🚀Upcoming target Listings:
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TELEGRAM
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💎 WEEKLY GEMS ANNOUNCEMENT 💎

You know what time it is.
That's right, time for GemPad's Weekly Gems!

Get ready for another educational session where you'll get all the useful information for projects launching on GemPad. 🔥

⏰ Time and date: 7th of December 3pm UTC
🔶Venue: https://www.binance.com/en/live/video?roomId=2167283

This week we'll have 3 projects sharing the spotlight:

✉️Meme Alliance
https://t.me/RealElmoERC

✉️Safenet
https://t.me/Tr8bit_official

✉️BandZai
https://t.me/bandZaiOfficial


✖️Don't forget to like and retweet: https://twitter.com/TheGemPad/status/1732444745891299426

Political Movement The Other Party Reveals Plan for Blockchain-based Democracy in the UK ✔️

🔼 The Other Party debuted in the UK today with a commitment to decentralize power and restore it to the public using blockchain technology.

🔗 According to a statement published on its website, The Other Party aims to shake up conventional centralized political systems, fostering a more direct and transparent democratic process by harnessing the potential of blockchain technology.

💬“Our mission is to remove the centralized power of politicians and return it to the hands of the people,” The Other Party founder Dom Ryder said. “By leveraging blockchain technology, we are ensuring every voice is heard, every vote counts and every decision is transparent and incorruptible.”

🎤 One of The Other Party’s initiatives involves the issuance of “governance passports” to UK voters in the form of NFTs. These passports serve as a digital identity on the blockchain, ensuring that votes “immutable, traceable and protected from tampering or undue influence,” according to the party.

❓ The concept revolves around verifying eligibility while upholding the anonymity of voters involved in decision-making. This approach empowers each passport holder to actively propose, vote on, and directly implement policies.

🔴The Other Party also emphasized that any elected representatives from the party would be under a legal obligation to adhere to decisions made by their constituents rather than conforming to a party line.

Nonco Raises over $10 Million in Seed Funding ⚠️

🔼 Digital asset brokerage firm, Nonco, has raised over $10 million in seed funding, according to a new statement from the company.

💬 “Our aim is to become the leading brokerage firm for digital assets, and we intend to achieve this by establishing a new standard that prioritizes technology and service while ensuring institutional risk management and compliance,” stated Nonco CEO Fernando Martinez.

✔️The round was spearheaded by former US Comptroller of the Currency and current advisor at Valor Capital Group, Brian Brooks and Web3 venture capital investment firm, Hack VC.

💯 Libra Capital Ventures, Morgan Creek Digital, Bastion Trading, Lvna Capital, and others are amongst a number of crypto-related companies that participated in the investment round.

‼️ Latin America is proving to be a lucrative market for the cryptocurrency industry. Crypto analytics firm Chainalysis alleges that “grassroots adoption is strong” in the region, with Brazil, Argentina, and Mexico ranking in the top 20 of the organization’s global crypto adoption index.

Verida and inDAO Team Up to Help Uzbekistan Adopt Web3 Tech 📣

📌 inDAO, a specialized organization focused on incorporating blockchain technology into daily life, and Verida, a provider of self-sovereign digital identity solutions, have formed a partnership with the goal of promoting the widespread adoption of Web3 in Uzbekistan.

➡️ The partnership will include the implementation of pilot projects and engagement with government stakeholders. The objective is to establish both technological and business consensus, ultimately delivering a cost-effective and efficient digital infrastructure for Uzbekistan.

🔔 This collaboration also aims to tackle user privacy and digital security across sectors such as healthcare, education, and real estate.

➡️ Verida and inDAO will collaborate directly with the Uzbekistan government’s Digital Economy Research Center to showcase the potential of this Web3 technology as a crucial component of Uzbekistan’s digital strategy, the release noted.

➡️ Over the course of 2023 and 2024, the companies will jointly undertake pilot programs to illustrate how inDAO’s blockchain technology, along with Verida’s self-sovereign web3 wallet and regulatory-compliant data storage, can empower citizens by providing them with control over their digital presence.

Arrest Warrant Issued for Self-Proclaimed ‘Crypto King’ Accomplice in $14 Million Scam ♾

➡️ A judge in Ontario, Canada has issued a warrant for the arrest of Ryan Rumble, an accomplice of Canada’s self-proclaimed “crypto-king” Aiden Pleterski, for aiding the con artist in his years-long eight-figure crypto investment scam. A class action lawsuit launched earlier this year alleged that Rumble’s investment management firm, Banknote Capital, funneled nearly one-third of the $14 million he raised from investors into Pleterski’s scam. Earlier this month, he ignored a court order to surrender his passport by December 1.

💬 “I haven’t done anything criminally wrong,” Rumble said during a virtual court appearance on Thursday, noting that the lawsuit against him is a “civil matter:” He claimed he now resides in Dubai, though his true location remains unidentifiable.

💬 “I’m not going to be home for Christmas,” Rumble added, representing himself in court. “I get it. I’m in contempt of court. I understand that but it puts me in a very, very difficult position.”

🟢 According to CTV News, Rumble is the first of Pleterski’s associates to receive an arrest warrant. Should he attempt to cross a Canadian border, the Canadian Border Services Association has been ordered to seize his passport and transfer him to a police agency.

➡️ Meanwhile, police services from Rumble’s resident town, Chatham, have been asked to go to his house and arrest him if he is present.