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Since cryptocurrencies inception, different projects seem to have entered the scene. Amidst all of them, Polkadot (DOT) supposedly has garnered attention in last couple of years for benefitting decentralised applications (dApps). Its believed that DOTs backing of interoperability can also develop Web3.0 features.

According to Dot Insights, a DOT ecosystem map, DOT witnessed a nearly tenfold increase in its count of daily new accounts, along with a 300% rise in active accounts. Messari, a crypto-based platform, stated that DOT clocked $7.9 billion by the end of Q2, 2022. The platform also stated that during the same period, DOT averaged 145,000 monthly users. I believe DOT is a blockchain that aims to address scalability, interoperability, and governance challenges the cryptocurrency landscape faces. DOT can play a role in shaping the decentralised finance (DeFi) landscape, Shrikant Bhalerao, co-founder, Seracle, a Blockchain-as-a-Service (BaaS) platform, told FE Blockchain.

Market research has shown that DOTs governance model carries potential to provide a community-backed outlook towards DeFi. Insights from GOBankingRates, a personal finance website, highlighted that DOT is gaining attention from investors due to being synergic in nature. Experts believe that allowing DOTs infrastructure permits users to connect other blockchains to give birth to completely new blockchains. From what its understood, a long-term approach towards DOT can help reap return on investment (ROI), as its considered to be at nascent stage.

Overall, interoperability is considered a factor in unlocking the potential of Web3.0 technologies, and Polkadots multi-chain architecture aims to provide a solution to achieve this goal in various sectors, Aahan Dogra, co-founder, NoCap Meta, a Web3.0 company, mentioned.

On the day of writing of this story (12.21 pm, Indian Standard Time), CoinMarketCap, a cryptocurrency tracking website, stated that DOT was trading around $6.80 at a market capitalisation of just over eight billion dollars. As mentioned by changelly blog, a crypto blog, DOTs maximum price prediction is $9.95 for 2023, $14.68 for 2024, and $20.56 for 2025. Reportedly, companies such as Labrys, Prolitus Technologies, Bloq, Somish Blockchain Labs, Blaize, among others, have entered the framework of providing DOT development services.

Moreover, future predictions indicate that DOTs expanding landscape around parachains, dApps, and projects signify that its mainstream adoption is not far away. Looking ahead, Polkadots future as a cryptocurrency looks promising. As use cases and applications are developed for the Polkadot network, its value and importance in the cryptocurrency landscape should grow, Sathvik Vishwanath, co-founder and CEO, Unocoin, a cryptocurrency exchange, concluded.

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Is Polkadot (DOT) cryptocurrency the need of the hour - The Financial Express

By Luc Cohen and Jonathan Stempel

NEW YORK (Reuters) -U.S. prosecutors on Tuesday unveiled a new indictment against Sam Bankman-Fried, accusing the founder of now-bankrupt FTX cryptocurrency exchange of conspiring to bribe Chinese government officials with $40 million worth of payments.

Federal prosecutors in Manhattan charged Bankman-Fried with directing the payment in order to unfreeze accounts belonging to his hedge fund, Alameda Research, that Chinese authorities had frozen. The accounts held more than $1 billion of cryptocurrency, U.S. prosecutors said.

The accounts were unfrozen after the bribe payment was transferred around November 2021 from Alameda's main trading account to a private cryptocurrency wallet, according to the new indictment.

After the accounts were unfrozen, Bankman-Fried authorized a transfer of tens of millions of dollars of additional cryptocurrency to complete the bribe, prosecutors said.

The new charge increases the pressure on the 31-year-old former billionaire, who had previously pleaded not guilty to eight counts over the collapse of FTX. Prosecutors say Bankman-Fried stole billions of dollars in customer funds to plug losses Alameda.

Lawyers for Bankman-Fried did not immediately respond to a request for comment. Bankman-Fried has acknowledged inadequate risk management at FTX, but has denied stealing money.

China's foreign ministry could not immediately be reached after normal business hours in Beijing.

U.S. District Judge Lewis Kaplan scheduled a court hearing for Thursday after prosecutors asked for Bankman-Fried to be arraigned on the new, 13-count indictment.

Prosecutors last month unveiled four new counts against Bankman-Fried, accusing him of orchestrating an illegal campaign donation scheme to buy influence in Washington, D.C. He has not yet been arraigned on the new charges.

The new count accuses Bankman-Fried of conspiring to violate the Foreign Corrupt Practices Act (FCPA), which makes it illegal for U.S. citizens to bribe foreign government officials to win business.

Story continues

Bankman-Fried is currently confined to his parents' Palo Alto, California home on $250 million bond ahead of his Oct. 2 trial.

On Monday, his lawyers and prosecutors reached a new agreement on revised bail conditions, after Kaplan raised the prospect of sending Bankman-Fried to jail pending trial. That came after prosecutors raised concerns he may have been tampering with witnesses.

(Reporting by Luc Cohen and Jonathan Stempel in New York; editing by Jonathan Oatis, Nick Zieminski and Noeleen Walder)

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FTX's Bankman-Fried charged with bribery conspiracy in new indictment - Yahoo Finance

NEW YORK, March 28 (Reuters) - U.S. prosecutors on Tuesday unveiled a new indictment against Sam Bankman-Fried, accusing the founder of now-bankrupt FTX cryptocurrency exchange of conspiring to bribe Chinese government officials with $40 million worth of payments.

Federal prosecutors in Manhattan charged Bankman-Fried with directing the payment in order to unfreeze accounts belonging to his hedge fund, Alameda Research, that Chinese authorities had frozen. The accounts held more than $1 billion of cryptocurrency, U.S. prosecutors said.

The accounts were unfrozen after the bribe payment was transferred around November 2021 from Alameda's main trading account to a private cryptocurrency wallet, according to the new indictment.

After the accounts were unfrozen, Bankman-Fried authorized a transfer of tens of millions of dollars of additional cryptocurrency to complete the bribe, prosecutors said.

The new charge increases the pressure on the 31-year-old former billionaire, who had previously pleaded not guilty to eight counts over the collapse of FTX. Prosecutors say Bankman-Fried stole billions of dollars in customer funds to plug losses Alameda.

Lawyers for Bankman-Fried did not immediately respond to a request for comment. Bankman-Fried has acknowledged inadequate risk management at FTX, but has denied stealing money.

China's foreign ministry could not immediately be reached after normal business hours in Beijing.

U.S. District Judge Lewis Kaplan scheduled a court hearing for Thursday after prosecutors asked for Bankman-Fried to be arraigned on the new, 13-count indictment.

Prosecutors last month unveiled four new counts against Bankman-Fried, accusing him of orchestrating an illegal campaign donation scheme to buy influence in Washington, D.C. He has not yet been arraigned on the new charges.

The new count accuses Bankman-Fried of conspiring to violate the Foreign Corrupt Practices Act (FCPA), which makes it illegal for U.S. citizens to bribe foreign government officials to win business.

Bankman-Fried is currently confined to his parents' Palo Alto, California home on $250 million bond ahead of his Oct. 2 trial.

On Monday, his lawyers and prosecutors reached a new agreement on revised bail conditions, after Kaplan raised the prospect of sending Bankman-Fried to jail pending trial. That came after prosecutors raised concerns he may have been tampering with witnesses.

Reporting by Luc Cohen and Jonathan Stempel in New York; editing by Jonathan Oatis, Nick Zieminski and Noeleen Walder

Our Standards: The Thomson Reuters Trust Principles.

Thomson Reuters

Reports on the New York federal courts. Previously worked as a correspondent in Venezuela and Argentina.

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FTX's Bankman-Fried charged with bribing Chinese officials in new indictment - Reuters.com

The Niagara Falls City Council has formally advanced the first completed application for a high-energy use industry operating permit in the city.

On a 5-0 vote Wednesday night, the council sent the application of BlockFusion, a cryptocurrency mining operator, to the Falls Planning Board and the Falls Zoning Board of Appeals for review and consideration. The boards will make recommendations regarding the application and send those back to the City Council for a final determination.

If the council approves the BlockFusion application, it will mark the first high-energy use industry operating permit to be granted under the citys revised zoning code which places new restrictions on those industries, which also include data centers and cannabis cultivation.

BlockFusion ceased operating its facility, on Frontier Avenue, in November after the city notified the company that it was in violation of the new high-energy use industry zoning code amendments. The city also sought a preliminary injunction to block continued mining at two other cryptocurrency mining facilities in the Falls.

While U.S. Bitcoin, which operates a cryptomine on Buffalo Avenue, continued its operations without a permit, BlockFusion immediately filed an application for an operating permit and made changes to comply with the new zoning code requirements. In December, the city asked for some supplemental changes to BlockFusions application and the company said it promptly complied with that request.

An attorney for BlockFusion, William Rossi, has repeatedly said his client wants to do business in the Falls.

Its important to them to do this right, Rossi said. I would be willing to cooperate in anyway possible.

Mayor Robert Restaino has said previously that because of the Bitcoin litigation and because BlockFusion is the first operating permit applicant under the new zoning code regulations, the city has moved very cautiously through the permitting process.

Everybody is kind of watching this, Restaino said. Were wanting to make sure BlockFusion gets across the finish line because it shows our (new) statute works.

U.S. Bitcoin is continuing to operate its facility under a contempt of court order and has racked up fines of over $1 million. However, settlement talks are reportedly underway between the city and U.S. Bitcoin.

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Council advances operating permit application from cryptocurrency mining company - Niagara Gazette

PRESS RELEASE

Published March 27, 2023

OneKey, a cryptocurrency hardware wallet company, has received investment support from Coinbase, making it the first hardware wallet team ever invested in by Coinbase. As a company dedicated to providing secure and convenient digital asset management solutions for global cryptocurrency users, OneKey has attracted considerable attention due to its features such as open-source code, multi-chain and multi-coin support, full platform compatibility, and independent security chips.

Key Features:

1. Backed by Coinbase investment

OneKey's status as the first hardware wallet team invested in by Coinbase demonstrates its strength in the cryptocurrency hardware wallet field and market recognition.

2. Open-source software and hardware

OneKey's open-source software and hardware code can be found on its GitHub page (https://github.com/OneKeyHQ). Open-source code helps improve project transparency, allowing users to better understand the operation of the product.

3.Full platform compatibility

OneKey supports PC desktop, mobile, and plugin platforms, enabling users to manage their digital assets easily and on-the-go.

4. Dual-chip security architecture

OneKey uses an independent security chip, safeguarding user assets through a dual-chip security architecture, reducing the risk of digital currency theft.

5.Multi-chain, multi-coin support

OneKey supports over 1,000 cryptocurrencies, meeting users' management needs for various digital assets.

6. Beginner-friendly

OneKey is easy to use and understand, suitable for cryptocurrency users of different levels, from seasoned players to beginners.

7. Rapid after-sales support

OneKey provides 7-day, 24-hour after-sales support, ensuring that users encountering issues during use can get timely resolutions.

Conclusion

Coinbase's investment in OneKey cryptocurrency hardware wallet company indicates that OneKey possesses strong technical expertise and market potential in the digital asset management field. OneKey is expected to provide global users with more secure and convenient digital asset management solutions, promoting the healthy development of the cryptocurrency industry.

About OneKey

1. Worlds only hardware wallet invested by Coinbase

2. MISSION & VALUES: Be the BEST choice for any individual and business to keep crypto assets, providing decentralized banking services.

3. 2022.11 - Series A round of funding at a valuation of $65 million, led by Dragonfly Ventures and Ribbit Capital.

4. 2023.03 - Series A+ round of funding at a valuation of $85 million, led by IOSG Ventures.

5. OneKey is the wallet that offers the most supported platforms and comprehensive set of features in the market.

Media ContactCompany Name: OneKey LimitedContact Person: Media RelationsEmail: Send EmailAddress:Primoknit Industrial Building City: Kwai ChungState: NtCountry: HongKongWebsite: https://onekey.so

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Coinbase-backed OneKey Cryptocurrency Hardware Wallet: A New ... - Digital Journal