Wizardia Weekly News + Secret News Drop

<p><span style="font-weight: 400;"><strong><em>Wizardian's, Wizardiettes</em></strong> and<strong><em> Crypto Connoisseurs</em></strong>&hellip; Cryptocurrencies have been making a comeback in recent weeks, with prices rising across the board. </span></p> <p> </p> <p><span style="font-weight: 400;">In light of the positive crypto vibes, In this week's crypto news brought to you by Wizardia, we'll take a look at:</span></p> <p> </p> <ul> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">The latest developments in the <strong>Sam Bankman-Fried</strong> court case</span></li> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Discuss the recent <strong>crypto price rally</strong></span></li> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;"><strong>BlackRock</strong> to Launch Bitcoin Private Trust</span></li> </ul> <p><br><br></p> <p><span style="font-weight: 400; font-size: 8pt;">+</span></p> <p> </p> <p> </p> <p><em><span style="font-size: 8pt;"><picture><source srcset="https://wizardia.io/images/blog/thumb/android-beta-testing-820x320-9992.webp 576w, https://wizardia.io/images/blog/inner/android-beta-testing-820x320-9992.webp " type="image/webp"></source><source srcset="https://wizardia.io/images/blog/thumb/android-beta-testing-820x320-9992.jpg 576w, https://wizardia.io/images/blog/inner/android-beta-testing-820x320-9992.jpg " type="image/jpg"></source><img srcset="https://wizardia.io/images/blog/thumb/android-beta-testing-820x320-9992.jpg 576w, https://wizardia.io/images/blog/inner/android-beta-testing-820x320-9992.jpg " alt="" loading="lazy" width="820" height="320"></picture></span></em></p> <p><span style="font-size: 8pt;">... stay tuned</span><br><br></p> <p> </p> <p><strong><span style="font-size: 36pt;">&#127963;&#65039; Sam Bankman-Fried Court Case Update</span></strong></p> <p> </p> <p><span style="font-weight: 400;">This week, Bankman-Fried appeared in court for a hearing on a motion to dismiss one of the charges against him. The motion was denied, and Bankman-Fried's trial is now scheduled to begin in March 2024.</span></p> <p> </p> <h1><span style="font-weight: 400; font-size: 24pt;">Witnesses</span></h1> <p> </p> <p><strong>Nishad Singh: </strong></p> <p><span style="font-weight: 400;">Singh, a former FTX executive, testified that Bankman-Fried directed him to commit crimes. He also said that Bankman-Fried knew that FTX was insolvent but continued to solicit investments from customers.</span></p> <p> </p> <p><strong>Caroline Ellison:</strong></p> <p><span style="font-weight: 400;">Ellison, the former CEO of Alameda Research, testified that she and Bankman-Fried used customer funds to make risky bets on the crypto market. She also said that they knew that FTX was insolvent but continued to solicit investments from customers.</span></p> <p> </p> <h1><span style="font-weight: 400; font-size: 24pt;">Motions and Movements</span></h1> <p> </p> <p><span style="font-weight: 400;">Bankman-Fried's defense team filed a motion to dismiss the charges against him. The defense argued that the prosecution's case is based on "vague and conclusory allegations" and that Bankman-Fried has not been accused of any specific crime.</span></p> <p> </p> <p><span style="font-weight: 400;">The prosecution filed a motion to admit evidence of Bankman-Fried's lavish lifestyle. The prosecution argued that this evidence is relevant to showing that Bankman-Fried used customer funds to benefit himself personally.</span></p> <p> </p> <p><span style="font-weight: 400;">The judge denied both motions.</span></p> <p> </p> <p> </p> <h1><span style="font-weight: 400; font-size: 24pt;">Additional Information</span></h1> <p> </p> <p><span style="font-weight: 400;">Bankman-Fried's defense team is expected to call several more witnesses, including experts on cryptocurrency and finance.</span></p> <p> </p> <ol> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">The prosecution is expected to call several of its own rebuttal witnesses.</span></li> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">The judge is expected to give jury instructions next week.</span></li> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">The jury is expected to begin deliberations in early November.</span></li> </ol> <p> </p> <p><span style="font-weight: 400;"><picture><source srcset="https://wizardia.io/images/blog/thumb/3-8743.webp 576w, https://wizardia.io/images/blog/inner/3-8743.webp " type="image/webp"></source><source srcset="https://wizardia.io/images/blog/thumb/3-8743.jpeg 576w, https://wizardia.io/images/blog/inner/3-8743.jpeg " type="image/jpg"></source><img srcset="https://wizardia.io/images/blog/thumb/3-8743.jpeg 576w, https://wizardia.io/images/blog/inner/3-8743.jpeg " alt="" loading="lazy" width="700" height="394"></picture></span></p> <p><span style="font-size: 8pt;"> Image credit https://www.ft.com/</span><br><br><br></p> <p><strong><span style="font-size: 36pt;">&#128640; Crypto Price Rally </span></strong></p> <p> </p> <p><span style="font-weight: 400;">&#128308;On your marks</span></p> <p> </p> <p><span style="font-weight: 400;">&#128993;Get set</span></p> <p> </p> <p><span style="font-weight: 400;">&#128994;Go &hellip;&hellip;.. &#127950;&#65039;&#128168;</span></p> <p> </p> <p> </p> <p><span style="font-weight: 400;">Buckle up for a wild ride, crypto fans! </span></p> <p> </p> <p> </p> <p><span style="font-weight: 400;">Prices are rallying like Wile E. Coyote in a race car &#127950;&#65039;&#128168;</span></p> <p> </p> <p> </p> <h1><span style="font-weight: 400; font-size: 24pt;">But Why?</span></h1> <p> </p> <p><span style="font-weight: 400;">The recent crypto rally has been driven by a number of factors, but one of the most important is the positive regulatory developments around the world. </span></p> <p> </p> <p><span style="font-weight: 400;">Regulators in a number of countries are announcing plans to regulate crypto, which is giving investors more confidence in the market.</span></p> <p> </p> <p><span style="font-weight: 400;">One of the most significant regulatory developments is the Securities and Exchange Commission's (SEC) decision to settle its lawsuit with Ripple. </span></p> <p> </p> <p><span style="font-weight: 400;">The SEC had alleged that Ripple had sold XRP as an unregistered security, but the SEC recently agreed to settle the lawsuit, which removes a major regulatory hurdle for Ripple and XRP.</span></p> <p> </p> <p><span style="font-weight: 400;">Another important regulatory development is the SEC's reported closeness to approving a Bitcoin exchange-traded fund (ETF). </span></p> <p> </p> <p><span style="font-weight: 400;">A Bitcoin ETF would make it easier for institutional investors to invest in Bitcoin, which could lead to a significant increase in demand for Bitcoin and push up prices.</span></p> <p> </p> <p><span style="font-weight: 400;">One of the most notable institutional investors is BlackRock, the world's largest asset manager with over $9 trillion in assets under management.</span></p> <p> </p> <p><span style="font-weight: 400;">BlackRock has already expressed interest in launching a Bitcoin ETF, and its approval would be a major boost for the crypto market.</span></p> <p> </p> <p><span style="font-weight: 400;">This involvement and ETF would also help to legitimize the asset class.</span></p> <p> </p> <p><span style="font-weight: 400;">BlackRock is one of the most respected investment firms in the world, and its involvement would send a message to the mainstream that crypto is not a fringe investment. </span></p> <p> </p> <p><span style="font-weight: 400;">Overall, the SEC's approval of a Bitcoin ETF and BlackRock's involvement in the crypto market would be two major positive developments for the asset class. </span></p> <p> </p> <p><span style="font-weight: 400;">These developments could lead to increased investment, adoption, and legitimacy for crypto, which could drive up prices in the coming months and years.</span></p> <p><br><br><br></p> <p><picture><source srcset="https://wizardia.io/images/blog/thumb/wc-9946.webp 576w, https://wizardia.io/images/blog/inner/wc-9946.webp " type="image/webp"></source><source srcset="https://wizardia.io/images/blog/thumb/wc-9946.jpeg 576w, https://wizardia.io/images/blog/inner/wc-9946.jpeg " type="image/jpg"></source><img srcset="https://wizardia.io/images/blog/thumb/wc-9946.jpeg 576w, https://wizardia.io/images/blog/inner/wc-9946.jpeg " alt="" loading="lazy" width="1024" height="1024"></picture></p> <p> </p> <p><strong><span style="font-size: 36pt;">&#127919; BlackRock to Launch Bitcoin Private Trust</span></strong></p> <p> </p> <p><span style="font-weight: 400;">BlackRock is finally getting into Bitcoin! It's about time. I mean, who doesn't want to be a part of the future of finance?</span></p> <p> </p> <p><span style="font-weight: 400;">Of course, BlackRock is being very careful about how it's getting into Bitcoin. It's only offering the Bitcoin Private Trust to institutional clients with a lot of money to invest. But that's just the beginning.</span></p> <p> </p> <p><span style="font-weight: 400;">This is a major development for the crypto industry, as it shows that institutional investors are becoming increasingly interested in Bitcoin.</span></p> <p> </p> <p><span style="font-weight: 400;">The BlackRock Bitcoin Private Trust will be available to institutional clients with a minimum investment of $10 million. </span></p> <p> </p> <p><span style="font-weight: 400;">The trust will be managed by BlackRock's Aladdin platform, which is used by institutional investors to manage their risk and portfolios.</span></p> <p> </p> <p><span style="font-weight: 400;">As more and more institutional investors start to invest in Bitcoin, we're going to see Bitcoin prices go to the moon! So get ready for a wild ride, folks.</span></p> <p><br><br></p> <p><span style="font-weight: 400;">The launch of the BlackRock Bitcoin Private Trust is a major development for the crypto industry. </span><span style="font-weight: 400;">It shows that institutional investors are becoming increasingly interested in Bitcoin and that the crypto industry is maturing and becoming more institutionalized.</span></p> <p> </p> <p> </p> <h1><span style="font-weight: 400; font-size: 18pt;">How the BlackRock Bitcoin Private Trust Works</span></h1> <p> </p> <ul> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">The BlackRock Bitcoin private trust will work by pooling funds from institutional investors and using that money to purchase Bitcoin.</span></li> </ul> <p> </p> <ul> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">The trust will then hold the Bitcoin on behalf of the investors and manage it according to the terms of the trust agreement.</span></li> </ul> <p> </p> <ul> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">The trust agreement will set out the terms and conditions of the trust, including the fees that will be charged to investors.</span></li> </ul> <p> </p> <ul> <li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">The trust agreement will also set out the investment strategy of the trust, including how the trust will manage the Bitcoin that it holds.</span></li> </ul> <p> </p> <p> </p> <p><span style="font-weight: 400;"><picture><source srcset="https://wizardia.io/images/blog/thumb/-8848.webp 576w, https://wizardia.io/images/blog/inner/-8848.webp " type="image/webp"></source><source srcset="https://wizardia.io/images/blog/thumb/-8848.jpeg 576w, https://wizardia.io/images/blog/inner/-8848.jpeg " type="image/jpg"></source><img srcset="https://wizardia.io/images/blog/thumb/-8848.jpeg 576w, https://wizardia.io/images/blog/inner/-8848.jpeg " alt="" loading="lazy" width="1024" height="1024"></picture></span></p> <p> </p> <p><strong><span style="font-size: 36pt;">The Magic Crypto Ball &#128302;</span></strong></p> <p> </p> <p><span style="font-weight: 400;">Avalanche launched its </span><a href="https://www.avax.network/subnets"><span style="font-weight: 400;">subnet system</span></a></p> <p> </p> <p><span style="font-weight: 400;">Polygon launches </span><a href="https://polygon.technology/blog/introducing-polygon-id-zero-knowledge-own-your-identity-for-web3"><span style="font-weight: 400;">Polygon ID</span></a></p> <p> </p> <p><a href="https://cointelegraph.com/news/uniswap-v3-contracts-deployment-on-polygon-approved-with-99-3-consensus"><span style="font-weight: 400;">Uniswap launches V3</span></a><span style="font-weight: 400;"> on Polygon</span></p> <p> </p> <p><a href="https://polygon.technology/blog/sails-up-on-the-opensea-nft-marketplace-opensea-comes-to-polygon"><span style="font-weight: 400;">NFT marketplace</span></a><span style="font-weight: 400;"> OpenSea launches on Polygon.</span></p> <p> </p> <p><span style="font-weight: 400;">Web3 infrastructure provider </span><a href="https://www.blockchain-council.org/news/solana-to-host-alchemys-blockchain-node-infrastructure/"><span style="font-weight: 400;">Alchemy</span></a><span style="font-weight: 400;"> launches on Solana</span></p> <p> </p> <p><span style="font-weight: 400;">Well that wraps us up like Snoop Dogg in a sandwich store. Take it easy everyone!</span><span style="font-weight: 400;"><br><br></span></p> <p><br><br></p> <p><span style="font-weight: 400;"><br></span>.........</p> <p>........</p> <p>.......</p> <p>......</p> <p>.....</p> <p>...</p> <p>..</p> <p>.</p> <p> </p> <p><span style="font-size: 8pt;"><em>Secret news drop</em></span></p> <p> </p> <p><strong><em>.</em></strong></p> <p><strong><em>..</em></strong></p> <p><strong><em>...</em></strong></p> <p><strong><em>....</em></strong></p> <p><strong><em>.....</em></strong></p> <p><strong><em>......</em></strong></p> <p><strong><em>.......</em></strong></p> <p><strong><em>........</em></strong></p> <p><strong><em>.........</em></strong></p> <p> </p> <h2 id="beta-testing-now-on-android">Beta Testing - Now On Android</h2> <p> </p> <p><span style="font-weight: 400;">Wizardia. Android. Beta testing. Activated. </span></p> <p> </p> <p><span style="font-weight: 400;">Wizardia is excited to announce that our Android mobile app is in for beta testing!</span></p> <p> </p> <p><span style="font-weight: 400;">We were not quite ready to publicly announce this yet, but our forever faithful Wizardia community caught on quickly and has given us great feedback so far. </span></p> <p> </p> <p><span style="font-weight: 400;"><picture><source srcset="https://wizardia.io/images/blog/thumb/1-2302.webp 576w, https://wizardia.io/images/blog/inner/1-2302.webp " type="image/webp"></source><source srcset="https://wizardia.io/images/blog/thumb/1-2302.jpg 576w, https://wizardia.io/images/blog/inner/1-2302.jpg " type="image/jpg"></source><img srcset="https://wizardia.io/images/blog/thumb/1-2302.jpg 576w, https://wizardia.io/images/blog/inner/1-2302.jpg " alt="" loading="lazy" width="1284" height="1574"></picture></span></p> <p><span style="font-size: 8pt;"><em><span style="font-weight: 400;">Thank you for being so attentive and supportive!</span></em></span></p> <p> </p> <p><span style="font-weight: 400;">The Android app is still in beta testing, so not all features are ready and unlocked yet, nor is the app complete. You can expect changes and new elements soon. </span></p> <p> </p> <p><span style="font-weight: 400;">We've also introduced a new "Uncommon" rarity, which will have a lower price point and a higher grind rate to increase its strength and abilities. </span></p> <p> </p> <p><span style="font-weight: 400;">As for Common wizards, we're leaving it open and keeping that information under wraps for now. Subscribe to our updates to be the first to know when more information is revealed!</span></p> <p> </p> <p><span style="font-weight: 400;">In the meantime, hold on tight until we officially announce that we are live and ready.</span></p> <p> </p> <p><span style="font-weight: 400;">Take it easy, Wizardians!</span></p> <p><br><br><br></p> <p> </p> <p> </p>