Miidas IDO on ArcherSwap Records Massive Interest 

Miidas Initial DEX Offering (IDO) on ArcherSwap’s BowPad, has recorded outstanding progress on the Core chain. 

The leading Non-Fungible Token (NFT) platform on the Layer-1 chain launched the IDO for its native $Miidas token. The IDO comprises both private and public sales. According to ArcherSwap Decentralized Exchange (DEX), users filled out 7306% of the private sale, which went live on March 27. 

The public sale commenced on March 28 at 1:00 UTC, and already, users have filled over 1900% of the $30,000 to be raised. Following the successful IDO on the leading Core-based DEX, Miidas took to Twitter to warn users over fake $Miidas tokens. 

Considering the successful sale on ArcherSwap, it's no surprise that perpetrators are trying their best to scam users. With this in mind, BSC News urges users to interact with the ongoing IDO on ArcherSwap. The public sale will end on March 28 at 13:00 UTC, and users need $WCORE to participate. 

Read Miidas IDO details for more information about the ongoing public sale. Also, Do Your Own Research (DYOR) before investing in any token.  

What is Core DAO:

Core DAO is the official decentralized organization developing the Satoshi Plus ecosystem. It represents an opportunity for miners to access new revenue streams by contributing hash power to the chain. Inspired by the principles of both blockchains, Core displays a deep appreciation for the crypto ecosystem's history and an even greater excitement for Core’s role in its future.

Where to find Core DAO:

Website | Docs | Twitter | Discord

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Supporting the Creation of Pi Utilities 

The Pi core team made several improvements to the testnet developer resources to support its enclosed mainnet goal of creating utilities for Pioneers. 

According to the protocol’s Pi day announcement, two core improvements were added to the testnet to enhance the creation of unique innovations for developers. They include App to User Payments and Developer Wallet. 

Both releases, live on the testnet, allow for the development of the Pi ecosystem. App to User Payment ensures that payment flows between members and developers. On the other hand, Developer Wallets allows app creators to utilize Pi in developing their infrastructure. 

“App to User payments enables payment flows between app developers and members. Developer Wallets were released on Testnet, as specific wallets, for app developers to hold and utilize Pi for the apps they are developing,” the blog read. 

Pi developers and the core team are tasked with testing both features to detect flaws ahead of open mainnet. Once they are secure and reliable, they will be integrated into the Pi Network open mainnet soon. 

Overall, the developer resources added to the Pi testnet will support the collaborative building process for Pioneers and community developers. Most importantly, it is a huge step towards the highly anticipated open mainnet launch. 

What is Pi Network:

Pi Network is a novel cryptocurrency and developer platform allowing mobile users to mine Pi coins without draining the battery. Pi’s blockchain secures economic transactions via a mobile meritocracy system and a full Web 3.0 experience where community developers can build decentralized applications (Dapps) for millions of users.

Where to find Pi Network:

Website | Twitter | LinkedIn | Facebook | Instagram |

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CFTC Sues Binance

The U.S. Commodity Futures Trading Commission has sued Binance and CEO Changpeng Zhao (CZ), alleging that the world’s largest cryptocurrency Centralized Exchange committed “numerous violations” of U.S. laws.

The civil complaint was filed in the U.S. District Court for the Northern District of Illinois on Monday, March 27.

According to a press release announcing the filing, the CFTC alleges that Binance “chose to knowingly disregard applicable provisions of the [Commodity Exchange Act (CEA)] while engaging in a calculated strategy of regulatory arbitrage to their commercial benefit.”

The derivatives markets regulator is also accusing former Chief Compliance Officer Samuel Lim of aiding and abetting the alleged illegal activity.

The CFTC is seeking monetary penalties, permanent trading and registration bans, and a permanent injunction against further violations of the law.

“Today’s enforcement action demonstrates that there is no location, or claimed lack of location, that will prevent the CFTC from protecting American investors. I have been clear that the CFTC will continue to use all of its authority to find and stop misconduct in the volatile and risky digital asset market,” CFTC Chairman Rostin Behnam said. “For years, Binance knew they were violating CFTC rules, working actively to both keep the money flowing and avoid compliance. This should be a warning to anyone in the digital asset world that the CFTC will not tolerate willful avoidance of U.S. law.”

Honing in on Binance’s “commodity derivatives transactions to and for U.S. persons,” the 74-page complaint contains numerous allegations and assertions about Binance, including references to what CFTC says are excerpts from Binance’s internal company chat messages.

“Defendants’ alleged willful evasion of U.S. law is at the core of the Commission’s complaint against Binance. The defendants’ own emails and chats reflect that Binance’s compliance efforts have been a sham and Binance deliberately chose – over and over – to place profits over following the law,” said Gretchen Lowe, CFTC’s Enforcement Division Principal Deputy Director and Chief Counsel.

The complaint’s allegations against Binance include:

• Shortcomings in compliance controls (some deliberate)
• Lack of KYC verification
• Failure to implement basic measures to prevent terrorist financing and money laundering
• Deliberately assisting U.S. VIP customers on how to evade compliance controls
• Failure to register with the CFTC.

The complaint also accuses Binance et al of intentionally structuring entities to avoid U.S. registration requirements.

The complaint singles out CZ for allegedly “devising the secret plot to instruct U.S.-based VIP customers to evade Binance’s compliance controls and instructing Binance employees to ensure all communications about their control subversion took place over applications that facilitated the automatic destruction of evidence,” according to the CFTC press release.

After news broke of the suit’s filing, CZ tweeted a one character response: “4”.

That’s a reference to his New Year’s resolution to “Ignore FUD, fake news, attacks etc.”

The CFTC’s action against Binance occurs amidst a period of regulatory uncertainty in the U.S., when the U.S. Securities and Exchange Commission has attempted to also take on an increasingly active role in regulating cryptocurrencies.

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What is Binance:

Binance positions itself as the world’s leading blockchain ecosystem and crypto-asset infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. The Binance platform aims to increase the freedom of money for users and features a comprehensive portfolio of crypto-asset products and offerings, including trading and finance, education, data and research, social good, investment and incubation, decentralization, and infrastructure solutions.

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Where to find Binance:

Website | Twitter | Discord | Telegram |

Govern With NFTs

Aries Network announced the launch of OrderDAO, the first Non-Fungible Token (NFT)-focused governance platform on Aptos Network.

“This marks OrderDAO’s official launch on Aptos, we aim to support all DAOs on Aptos, empowering community with seamless decision-making, fostering stronger innovation and collaboration,” stated Aries Markets.

OrderDAO is an open-sourced Decentralized Autonomous Organization (DAO) management platform built by members from Aries Markets, which allows DAOs and NFT Communities to vote and conduct decision-making via proposals easily.

Using the platform, any protocol can create DAOs to assist governance and use the OrderDAO platform to manage active members. The OrderDAO platform enables members to suggest their proposals and facilitate vibrant discussion.

One can use a protocol’s NFT collections to participate in decision-making by voting for or against DAO proposals.

Aries Markets has launched OrderDAO with several DAOs such as Spooks DAO, Jungle DAO, Aptomingos DAO, Pontem Space Pirates, Lemur Lounge DAO, and more.

Aries Markets announced its public DevNet launch last October with Aries money markets, Aries Swap and Aries Trade. The mainnet went live on October 26, listing USDC (Wormhole Bridge), zUSDC (LayerZero), APT, and SOL. 

The protocol also had its smart contracts audited by Ottersec. Aries bridge currently allows bridging to and from six different networks - Aptos, Solana, Ethereum, Fantom, BNB Chain, and Polygon.

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What is Aries Markets:

As a decentralized exchange, Aries Markets aims to simplify the user experience across the entire DeFi ecosystem. Users can trade with margin via a fully on-chain order book, earn interest on deposits, borrow from shared liquidity pools, and access other Aptos DeFi products.

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Learn more about Aries Markets here:

Website | Twitter | Discord | Docs  

Find Testnet Apps on Pi Network 

One of the several updates unveiled by the Pi core team on Pi day 2023 is the new Testnet ecosystem interface, comprising testnet applications on the mobile mining blockchain. 

The testnet ecosystem is located in the Pi Browser application. Through the feature, Pioneers can preview what the mainnet ecosystem might look like. Further, they can explore testnet applications, and Pi developers can make new improvements ahead of mainnet release. 

While the ecosystem is available to developers and Pioneers, applications can be removed upon violations. This means that testnet apps need to meet certain criteria to be accepted on the Pi testnet. However, applications accepted in the testnet ecosystem are not guaranteed mainnet inclusion because the criteria differ. 

“Apps available in the Testnet Ecosystem are neither ensured nor guaranteed to be accessible to Pioneers in the Mainnet Ecosystem which will adopt different selection criteria and procedure,” Pi Network stated in its official announcement. 

Overall, the Pi Network testnet ecosystem allows developers to create applications to increase their eligibility for mainnet inclusion through innovation. Conversely, Pioneers will engage with the feature to explore and give feedback about their favorite applications with quality utilities. The move by the Pi core team will ensure that Pioneers are connected to creating useful applications in the Decentralized Finance (DeFi) space. 

What is Pi Network:

Pi Network is a novel cryptocurrency and developer platform allowing mobile users to mine Pi coins without draining the battery. Pi’s blockchain secures economic transactions via a mobile meritocracy system and a full Web 3.0 experience where community developers can build decentralized applications (Dapps) for millions of users.

Where to find Pi Network:

Website | Twitter | LinkedIn | Facebook | Instagram |

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