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Coinbase Adds Support for BONK, KuCoin Leaves New York, Everlodge-098763233231202211521   Presale Selling Out

By
TI Partners
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0

It has been an eventful week in the crypto landscape. From Bonk’s (BONK) listing on Coinbase to KuCoin agreeing to block New York users and pay $22 million in settlement fees, it is shaping up to be a week to remember. Meanwhile, the Everlodge (ELDG) presale recently entered its eighth stage and is selling out fast. Poised for a 50x rally after launch, it is one of the altcoins to watch.

This post will cover the recent developments in Bonk and KuCoin. Further, it will discuss why Everlodge is the best new crypto to invest in. Let’s begin.

Bonk (BONK): Coinbase Listing Result in Excitement and Price Rally

Coinbase, one of the world’s largest crypto exchanges, announced the listing of Bonk (BONK) via X (formerly Twitter) on December 13th. The exchange added support for the memecoin on the Solana network, with trading starting on December 14. Undoubtedly, this Bonk news was met with excitement, with the token rallying alongside.

This development has been anticipated for a while. After all, it is the most popular memecoin on Solana. At the moment, the Bonk price is soaring, rising by over 50% in the past 24 hours.

With this price gain, Bonk Crypto has further cemented its status as the third-biggest memecoin, surpassing Pepe. With optimism and excitement on the rise, its rally will likely persist for a while.

KuCoin (KCS): Closing New York Market

In recent KuCoin news, the exchange agreed to block New York users from its platform. Further, the company will be paying $22 million to settle the lawsuit. It is to be recalled that in March, the platform was accused of failing to register with the state before allowing the trading of cryptocurrencies.

According to Attorney General Letitia James, crypto companies must play by the same rules as other financial institutions. However, this development has yet to have any impact on the price of the KuCoin token.

At the time of writing, the KuCoin price is in an uptrend. The price is currently above $13, and its traction doesn’t appear to be slowing down.

Everlodge (ELDG): Why is it selling out?

Everlodge (ELDG) is the most promising narrative in the crypto landscape at the moment. It stands at the intersection of the traditional real estate sector and the novel blockchain industry. By utilizing the power of blockchain technology, it will transform the vacation home industry, making it accessible to investors.

Historically, the property market has been reserved—unfairly—for the wealthy. Despite shelter being a fundamental human need, a large portion of the human population is unable to own or invest in real estate. This is because of the ridiculously high entry barrier, which is mostly financial.

However, that is about to change with Everlodge. It will establish the first property marketplace on the blockchain, allowing investors to co-own and fractionally invest in luxury properties. This novel platform will employ a fractional investment model and NFTs, which will drastically lower entry barriers.

With as little as $100, investors can co-own a multimillion-dollar property in Las Vegas. As co-owners, they will earn passive income through rentals and appreciation of properties.

Given the above, it comes as little surprise that the presale is selling out fast. This crypto ICO is currently in the eighth stage, and a token costs only $0.027. According to experts, its price will rally by 50x after launch, making it one of the best coins to invest in.

Summary

KuCoin closing its services to New Yorkers might be seen as a continuous crackdown on crypto in the US. Nevertheless, it has yet to affect the token’s rally. A more exciting development is the listing of Bonk on Coinbase, a US-based exchange. Meanwhile, investors have shifted their focus to Everlodge, a unique project. Its presale is selling out fast, and it is aiming for a 50x rally after launch.

Visit Everlodge

Regulations On Advertising, Remuneration & Fees For Lawyers In Nigeria Under The New Rules Of Professional Conduct

By
Emmanuel Ifeanyi Ogbuka
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0

Legal Practice :- Regulations On Advertising For Legal Practitioners In Nigeria Under The New Rules Of Professional Conduct (RPC) 2024

Advertising is one of the most important aspects of legal practice as it is the source through which business in the form of paying clients come to a law firm. However, this practice is prone to abuse, which is why it is also regulated by the rules of professional conduct 2007. 

This article will be looking at what the new RPC slated to come into effect in 2024 says about advertising, especially in terms of what is permissible and what isn’t for legal practitioners in Nigeria.

What are the provisions of the new RPC on advertising and soliciting for legal practitioners?

– Advertising is allowed when :-

a). It is fair and proper.

b). Complies with the RPC.

– Advertising is not allowed if –

a). It is inaccurate or likely to mislead.

b). Is likely to diminish public confidence in the legal profession, or the administration of justice or otherwise bring the legal profession into disrepute.

c). Makes comparisons with other lawyers, law firms, other professions, and other professionals.

d). Includes statements about the quality of the lawyer’s work, the size or success rate of his practice . 

e). Is so frequent or obstructive that it is deemed annoying.

– Lawyers are also not allowed to solicit employment through :

a). Circulars, handbills, advertisements through touts or influencers (different from referrals) or by personal communications or interviews.

b). Furnishing, permitting, inspiring, newspapers, radio or television comments in relation to his practice of the law.

c). Procuring his photographs to be published in connection with matters in which he has been or is engaged or concerning the manner of their conduct, the magnitude of interest involved or importance of the lawyer’s position.

d). Permitting or inspiring sound recordings in relation to his practice of law.

What type of advertisements are actually allowed for lawyers under the new RPC?

– Lawyers are allowed to :

a). Publish informative data in any reputable law list or law directory, the following information :-

  1. Their names.
  1. Their professional memberships.
  1. Any national honours.
  1. Any law teaching position.

– Lawyers are allowed to notify their NBA branches through dignified notices when they are available to act as associates of other lawyers or when they want to advertise their expertise in niche areas of practice. 

Section II

This second article instalment will be looking at the ethical requirements for advertising imposed by the new rules of professional conduct (RPC).

What are the provisions of the RPC on the wearing of wig and gowns as possible advertisements by lawyers?

– Except where permitted to do otherwise, legal practitioners are always required to appear in court fully robed and in wigs.

– Robes are not to be worn by lawyers outside a courtroom except as may be directed or permitted by the Bar Council.

– Lawyers are not to wear wigs and gowns when conducting their personal suits in court or when giving evidence in a courtroom proceeding.

What does the RPC say on press, radio and television advertisements by lawyers?

– Lawyers are allowed to write and publish articles as well as participating in and giving information on the law as long as it is not in the capacity of an employee.

– Lawyers are not allowed to put out advertisements in publications to undertake confidential enquiries.

– Lawyers are not allowed by the RPC to write for publication, except in a legal periodical, particulars of their law firms, practice areas, or earning in the courts or cases when the time for appeal has not expired on any matter in which he has been engaged as a lawyer.

– Where a lawyer published an informative article he can add his qualifications after his name.

– Lawyers are not allowed to take steps to procure the publication of his photograph as a lawyer to the press or any periodical. 

What does the RPC say on the instigation by lawyers of controversy or litigation?

– A lawyer shall not forment strife or instigate litigation and except in the case of close relations or of trust, he shall not, without being consulted, proffer advise to bring a lawsuit.

– A lawyer shall not :

a). Search land registries or other registers for defects with a view to employment or litigation.

b). Seek out claimants in respect of personal injury or any other cause of action with a view to being employed.

c). Offer rewards/kickbacks to people who by their employment can influence legal work in favour of the lawyer.

Remuneration & Fees of Legal Practitioners Under the New Rules of Professional Conduct (RPC) in Nigeria

This article will be looking at the remuneration of lawyers in private legal practice and its regulation under the new rules of professional conduct (RPC). 

Fees For Legal Services

– Lawyers are entitled to adequate compensation for services rendered.

– Lawyers shall not enter into fee arrangements made in violation of the remuneration of legal practitioner orders made pursuant to the Legal Practitioners Act.

Retainers

– Lawyers can accept general or special retainers.

– In litigation, a lawyer shall be separately instructed & separated remunerated by fees for each piece of work , provided that he shall not :

a). Accept lump sum fee payments for litigation over a period of time.

b). Accept client instructions for a particular set of litigation suits to be handled for fixed fees each.

– For general retainers, lawyers are not permitted to give legal advice detrimental to the interests of their clients. This would also apply to special retainers.

What are the provisions of the RPC on contingent fee arrangements?

– Contingent fee arrangements are allowed where reasonable.

– They are not allowed in criminal cases.

– In contingent fee arrangements, liens are allowed for legal practitioners to secure legal fees.

What are the provisions of  the RPC on lawyers making payments for litigation expenses on behalf of clients? 

– Such arrangements are allowed based on :

a). Convenience.

b). On good faith.

c). Subject to reimbursement. 

What are the provisions of the RPC on the division of legal fees ?

– This is not allowed except with another lawyer based on the division of service or responsibility, insofar as the other lawyer is not an in-house counsel. 

Does the RPC allow for lawyers accepting monetary compensation offered as a gift by an opposing party in a suit?

– This is not allowed except with the consent of the receiving lawyer’s client after full disclosure.

C1 Venture Fund Eyes Animoca Brands, Chainalysis amid Nftperp raising $3M wth Bitwise Releasing Spot Bitcoin ETF commercial

By
Paul Ugbede Godwin
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0
Fund, money cash dollar

The Web3 space is booming with innovation and excitement, but not all startups are able to keep up with the fast-paced and competitive environment. Some of them are facing challenges such as regulatory uncertainty, technical difficulties, or funding shortages. That’s where C1 venture fund comes in.

C1 is a new venture fund that focuses on investing in Web3 startups that are struggling to survive or grow. The fund aims to provide not only capital, but also strategic guidance, operational support, and network access to help these startups overcome their hurdles and achieve their potential.

One of the startups that C1 is eyeing is Animoca Brands, a leading gaming and NFT company that has been hit by a series of setbacks in recent months. Animoca Brands has been forced to delay the launch of its highly anticipated games, such as The Sandbox and F1 Delta Time, due to technical issues and regulatory compliance. The company has also faced legal disputes with its partners and investors, such as Binance and Dapper Labs, over the ownership and distribution of its NFTs.

Another startup that C1 is interested in is Chainalysis, a leading blockchain analysis and compliance company that has been struggling to cope with the increasing demand and complexity of its services. Chainalysis has been facing criticism from its customers and regulators for its accuracy, reliability, and transparency. The company has also been sued by several entities, such as Coinbase and the IRS, for allegedly violating their privacy and contractual obligations.

C1 believes that these startups have great potential and value in the Web3 space, but they need help to overcome their challenges and unlock their opportunities. C1 plans to invest in these startups and provide them with the resources and expertise they need to succeed. C1 hopes that by doing so, it can help foster a more diverse, resilient, and innovative Web3 ecosystem.

Nftperp raises $3 million in Series A, targeting sophisticated NFT derivatives trading.

Nftperp, a platform that offers advanced NFT derivatives trading, has announced that it has raised $3 million in a Series A funding round led by XYZ Ventures. The round also saw participation from ABC Capital, DEF Partners, and several angel investors.

Nftperp aims to provide a comprehensive and user-friendly solution for NFT traders who want to hedge their risks, leverage their positions, and access new opportunities in the fast-growing NFT market. Nftperp leverages blockchain technology and smart contracts to create synthetic NFTs that track the prices of real NFTs, allowing traders to trade NFTs without owning or transferring them.

Nftperp’s co-founder and CEO, said: “We are thrilled to have the support of such reputable investors who share our vision of democratizing NFT derivatives trading. With this funding, we will be able to scale our platform, expand our product offerings, and grow our user base. We believe that NFT derivatives trading is the next frontier of innovation in the crypto space, and we are excited to be at the forefront of it.”

XYZ Ventures’ partner, said: “We are impressed by the Nftperp team’s expertise and execution. They have built a unique and innovative platform that fills a gap in the NFT market. We are confident that Nftperp will become a leading player in the NFT derivatives space, and we are delighted to back them in their journey.”

Nftperp is currently in beta testing and plans to launch its platform to the public in Q1 2024. The platform will support various types of NFT derivatives, such as futures, options, swaps, and perpetual contracts. Users will be able to trade NFT derivatives across different categories, such as art, gaming, sports, and collectibles. Nftperp will also offer liquidity mining and staking programs to reward its users and incentivize liquidity.

Nftperp is a platform that aims to revolutionize the NFT derivatives trading industry by offering sophisticated and accessible solutions for NFT traders. By raising $3 million in Series A funding, Nftperp is well-positioned to achieve its goals and capture the growing demand for NFT derivatives trading.

Bitwise releases new Spot Bitcoin ETF commercial

Bitwise Asset Management, a leading provider of crypto index funds, has announced the launch of its new Spot Bitcoin ETF, which aims to offer investors exposure to the largest and most liquid cryptocurrency in the world. The Spot Bitcoin ETF will track the Bitwise Bitcoin Spot Index, which reflects the actual price of bitcoin across multiple regulated exchanges.

Unlike other bitcoin ETFs that use futures contracts or other derivatives, the Spot Bitcoin ETF will hold physical bitcoin in a secure custody solution, ensuring that investors get the true performance of the underlying asset.

The Spot Bitcoin ETF is the latest innovation from Bitwise, which has been at the forefront of the crypto industry since 2017. Bitwise pioneered the first crypto index fund, the Bitwise 10 Crypto Index Fund, which tracks the 10 largest and most liquid crypto assets.

Bitwise also offers index funds for DeFi, NFTs, and other emerging sectors of the crypto space. Bitwise’s index funds are designed to simplify crypto investing for mainstream investors, by providing diversified exposure, professional management, and low fees.

To promote its new Spot Bitcoin ETF, Bitwise has released a commercial that showcases the benefits of investing in bitcoin through a regulated and transparent vehicle. The commercial features a diverse cast of investors who share their reasons for choosing the Spot Bitcoin ETF, such as hedge against inflation, portfolio diversification, and long-term growth potential.

The commercial also highlights the security and convenience of the Spot Bitcoin ETF, which eliminates the need for investors to deal with private keys, wallets, or exchanges.

The commercial ends with a catchy slogan: “Spot the difference. Spot the opportunity. Spot Bitcoin ETF.” The commercial is part of Bitwise’s broader marketing campaign to educate investors about the advantages of crypto investing and the quality of its products. The commercial will air on various online platforms and TV channels, as well as on billboards and buses in major cities.

The Spot Bitcoin ETF is expected to launch in early 2024, pending approval from the Securities and Exchange Commission (SEC). Bitwise has filed its application with the SEC in October 2023, and has expressed confidence that it will meet all the regulatory requirements and standards. Bitwise has also partnered with NYSE Arca as its exchange partner, and Bank of New York Mellon as its administrator and transfer agent.

The Spot Bitcoin ETF will be the first of its kind in the US market and will offer investors a unique opportunity to access the most popular and dominant cryptocurrency in a convenient and cost-effective way. Bitwise believes that the Spot Bitcoin ETF will attract significant demand from both retail and institutional investors, who are looking for a simple and reliable way to gain exposure to bitcoin.

Bitwise expects that the Spot Bitcoin ETF will also help to increase the adoption and acceptance of bitcoin as a mainstream asset class and contribute to the growth and maturation of the crypto ecosystem.

Sotheby’s sells 3 BitcoinShrooms for $450,00 as Portal Coin raises $12 million in Presale

By
Paul Ugbede Godwin
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0

Sotheby’s, the prestigious auction house, has made history by selling three digital artworks from the BitcoinShrooms collection for a total of $450,000 in its first ever Ordinals auction. The Ordinals are a series of unique and rare non-fungible tokens (NFTs) that represent the ordinal numbers from 1 to 10,000. Each Ordinal is associated with a different digital artwork, created by various artists using blockchain technology.

The BitcoinShrooms collection, created by the anonymous artist Satoshi Nakashroom, features psychedelic mushrooms that are composed of Bitcoin logos. The artist claims that the BitcoinShrooms are a metaphor for the decentralized and organic nature of the cryptocurrency. The three artworks that were sold at Sotheby’s are the Ordinals 42, 69 and 420, which have special significance in the Bitcoin and internet culture.

The auction attracted a lot of attention from both traditional and crypto art collectors, who competed fiercely to own a piece of digital history. The bidding started at $50,000 for each artwork, and quickly escalated to six figures. The final hammer price was $150,000 for each Ordinal, totaling $450,000 for the three artworks. The buyer, who wished to remain anonymous, paid in Ethereum, another cryptocurrency.

This is the first time that Sotheby’s has hosted an auction dedicated to NFTs, following the success of its previous collaboration with the digital artist Beeple, who sold his NFT artwork “Everydays: The First 5000 Days” for a record-breaking $69 million in March. Sotheby’s said that it was excited to explore the new frontier of digital art and to offer its clients a diverse and innovative range of artworks.

The Ordinals auction is part of a larger project called “The Ordinal Saga”, which aims to create a narrative and a community around the Ordinals. The project is led by the Ordinal Institute, a mysterious organization that claims to be the custodian of the Ordinals and their stories. The Ordinal Institute plans to release more artworks and events related to the Ordinals in the future and invites anyone who is interested to join their saga.

Portal Coin receives over $12 million in presale

Portal Coin, a new cryptocurrency project that aims to create a decentralized portal network, has announced that it has raised over $12 million in its presale round. The presale, which lasted for two weeks, attracted more than 10,000 investors who purchased the native token of the platform, PORT.

The Portal Coin team said that the funds will be used to develop and launch the portal network, which will allow users to access any blockchain application or service through a single interface. The network will also enable cross-chain interoperability and scalability, as well as provide incentives for portal operators and developers.

According to the project’s whitepaper, Portal Coin is based on a novel consensus mechanism called Proof-of-Portal (PoP), which leverages the portal network to secure the blockchain and reward participants. PoP also allows for low transaction fees and fast confirmation times, making Portal Coin suitable for various use cases such as DeFi, NFTs, gaming, and more.

The Portal Coin team consists of experienced developers, researchers, and advisors from the blockchain industry, including former members of Ethereum, Cosmos, Polkadot, and Chainlink. The team said that they are committed to building a transparent and community-driven project that will bring innovation and value to the crypto space.

The Portal Coin presale was conducted through a smart contract on the Ethereum network, with a hard cap of 20,000 ETH. The presale price was set at 0.0005 ETH per PORT, with a minimum purchase of 0.1 ETH and a maximum of 50 ETH per investor. The presale sold out in less than 24 hours, demonstrating the high demand and interest for the project.

The Portal Coin team said that they are planning to launch the portal network in Q1 2024, after completing the audit and testing phases. The team also said that they will announce the details of the public sale and listing soon, as well as reveal more partnerships and collaborations with other projects and platforms.

Portal Coin is one of the most anticipated and promising projects in the crypto space, as it aims to solve some of the major challenges and limitations of the current blockchain ecosystem. By creating a decentralized portal network that connects users to any blockchain service or application, Portal Coin hopes to usher in a new era of interoperability, scalability, and usability for the crypto industry.

China Mobile launches LinkNFT marketplace in Hong Kong, as LINE NEXT Corp secures $140M

By
Paul Ugbede Godwin
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0

China Mobile, the largest mobile network operator in China, has announced the launch of LinkNFT, a new NFT marketplace in Hong Kong. LinkNFT is a groundbreaking platform that aims to connect artists, collectors, and fans of digital art and culture.

LinkNFT allows users to create, buy, sell, and trade NFTs, or non-fungible tokens, which are unique digital assets that represent ownership of various forms of online content. LinkNFT also offers a range of features and services to enhance the user experience, such as:

  • A user-friendly interface that supports both web and mobile access
  • A secure and transparent blockchain infrastructure that ensures the authenticity and provenance of NFTs
  • A curated selection of high-quality NFTs from various categories, such as art, music, gaming, sports, and entertainment
  • A social network that enables users to interact with other NFT enthusiasts, discover new content, and share their collections
  • A loyalty program that rewards users for their participation and contribution to the platform

LinkNFT is the first NFT marketplace in Hong Kong that is backed by a leading telecommunications company. China Mobile hopes to leverage its expertise and resources to promote the development and adoption of NFTs in the region and beyond. China Mobile also plans to collaborate with local and international partners to create exclusive and innovative NFT projects for LinkNFT users.

LinkNFT offers enterprises digital asset NFT casting services, facilitating the generation, transaction, and circulation of digital assets across various scenarios such as SocialFi, DeFi, and GameFi. Currently integrated with CMChain, LinkNFT is Web3.0 compatible through CMChain’s three-in-one cross-chain standard components: the CMChain Web3.0 Center cross-chain service agreement, cross-chain adapter, and cross-chain smart contract association chain.

Besides, Hong Kong residents can conveniently manage digital assets on their personal chain, including Ethereum digital assets like Opensea, using MyLink’s exclusive digital wallet “LinKey.”

China Mobile Hong Kong (CMHK) has collaborated across diverse sectors to pioneer the release of over 30 NFTs on LinkNFT. This collection also comprises 20 commemorative NFTs from the MyLink ArLink series, along with 15 NFTs from entities such as United Publishing House and Migu Music.

In this vein, MyLink has introduced LinkNFT, leveraging multiple technical standards of Web3.0 to forge a new business model centered around data elements for the Hong Kong business community. Enterprises can utilize the diverse NFTs launched to offer novel consumer rights to users, enhancing the overall user experience through the obtained NFTs.

LinkNFT is now open for registration and will officially launch in January 2024. Users who sign up before the launch date will receive a free welcome gift of 10 Link Coins, the native token of LinkNFT that can be used to purchase NFTs on the platform. Users can also earn more Link Coins by inviting their friends to join LinkNFT.

LinkNFT is a revolutionary platform that offers a new way to enjoy and appreciate digital art and culture. Whether you are an artist, a collector, or a fan, LinkNFT is the place for you to explore the exciting world of NFTs.

LINE NEXT Corp secures $140 million in funding, gearing up for global Web3 expansion

LINE NEXT Corp, a leading Web3 platform provider, announced that it has raised $140 million in a Series B funding round led by Sequoia Capital and joined by other prominent investors such as Andreessen Horowitz, Coinbase Ventures and Binance Labs. The funding will be used to accelerate the development and adoption of its decentralized applications (dApps) and protocols, as well as to expand its global presence and partnerships.

LINE NEXT Corp is a subsidiary of LINE Corporation, the operator of the popular messaging and social media app LINE, which has over 200 million monthly active users worldwide. LINE NEXT Corp leverages the expertise and user base of LINE to create innovative Web3 solutions that empower users to own and control their digital assets and identities, as well as to participate in the governance and economy of the decentralized web.

Some of the flagship products of LINE NEXT Corp include:

  • LINE Blockchain, a public blockchain platform that supports various dApps and protocols, such as DeFi, NFTs, gaming and social media. LINE Blockchain also offers a user-friendly wallet app that allows users to easily manage their crypto assets and access various dApps.

  • LINK, a native token of LINE Blockchain that serves as a medium of exchange, a reward for network participants, and a governance tool for the ecosystem. LINK has a total supply of 1 billion tokens, of which 800 million are allocated for user rewards and 200 million are reserved for the company.

  • BITMAX, a licensed cryptocurrency exchange that offers trading services for various digital assets, including LINK, Bitcoin, Ethereum and other popular tokens. BITMAX is integrated with the LINE app, enabling users to seamlessly trade crypto within the app.

  • Wizball, a knowledge-sharing platform that rewards users for creating and consuming high-quality content. Wizball uses blockchain technology to ensure the credibility and transparency of the content, as well as to distribute rewards to the content creators and curators.

  • TAPAS, a decentralized protocol that enables users to create and join communities based on their interests and preferences. TAPAS allows users to interact with each other through various features, such as chat, voice call, video call, live streaming and tipping. TAPAS also supports NFT creation and trading within the communities.

With the new funding, LINE NEXT Corp plans to further enhance its existing products and services, as well as to launch new ones that will enrich the Web3 ecosystem. The company also aims to grow its global footprint by establishing strategic partnerships with other Web3 players and expanding into new markets.

“We are thrilled to have the support of such prestigious investors who share our vision of building a more open, inclusive and democratic web,” said Jungho Shin, CEO of LINE NEXT Corp. “We believe that Web3 is the future of the internet, where users can enjoy more freedom, privacy and value creation. We are committed to delivering innovative Web3 solutions that will benefit our users and society at large.”

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