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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>

6 min read
Oct 26, 2023
Ryan Turnbull
Read this article

Wizardian’s, Wizardiettes and Crypto Connoisseurs… Cryptocurrencies have been making a comeback in recent weeks, with prices rising across the board. 

 

In light of the positive crypto vibes, In this week's crypto news brought to you by Wizardia, we'll take a look at:

 

  • The latest developments in the Sam Bankman-Fried court case
  • Discuss the recent crypto price rally
  • BlackRock to Launch Bitcoin Private Trust



+

 

 

... stay tuned

 

🏛️ Sam Bankman-Fried Court Case Update

 

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.

 

Witnesses

 

Nishad Singh: 

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.

 

Caroline Ellison:

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.

 

Motions and Movements

 

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.

 

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.

 

The judge denied both motions.

 

 

Additional Information

 

Bankman-Fried's defense team is expected to call several more witnesses, including experts on cryptocurrency and finance.

 

  1. The prosecution is expected to call several of its own rebuttal witnesses.
  2. The judge is expected to give jury instructions next week.
  3. The jury is expected to begin deliberations in early November.

 

                                         Image credit https://www.ft.com/


🚀 Crypto Price Rally 

 

🔴On your marks

 

🟡Get set

 

🟢Go ……..  🏎️💨

 

 

Buckle up for a wild ride, crypto fans! 

 

 

Prices are rallying like Wile E. Coyote in a race car 🏎️💨

 

 

But Why?

 

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. 

 

Regulators in a number of countries are announcing plans to regulate crypto, which is giving investors more confidence in the market.

 

One of the most significant regulatory developments is the Securities and Exchange Commission's (SEC) decision to settle its lawsuit with Ripple. 

 

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.

 

Another important regulatory development is the SEC's reported closeness to approving a Bitcoin exchange-traded fund (ETF). 

 

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.

 

One of the most notable institutional investors is BlackRock, the world's largest asset manager with over $9 trillion in assets under management.

 

BlackRock has already expressed interest in launching a Bitcoin ETF, and its approval would be a major boost for the crypto market.

 

This involvement and ETF would also help to legitimize the asset class.

 

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. 

 

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. 

 

These developments could lead to increased investment, adoption, and legitimacy for crypto, which could drive up prices in the coming months and years.




 

🎯 BlackRock to Launch Bitcoin Private Trust

 

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?

 

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.

 

This is a major development for the crypto industry, as it shows that institutional investors are becoming increasingly interested in Bitcoin.

 

The BlackRock Bitcoin Private Trust will be available to institutional clients with a minimum investment of $10 million. 

 

The trust will be managed by BlackRock's Aladdin platform, which is used by institutional investors to manage their risk and portfolios.

 

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.



The launch of the BlackRock Bitcoin Private Trust is a major development for the crypto industry. It shows that institutional investors are becoming increasingly interested in Bitcoin and that the crypto industry is maturing and becoming more institutionalized.

 

 

How the BlackRock Bitcoin Private Trust Works

 

  • The BlackRock Bitcoin private trust will work by pooling funds from institutional investors and using that money to purchase Bitcoin.

 

  • The trust will then hold the Bitcoin on behalf of the investors and manage it according to the terms of the trust agreement.

 

  • The trust agreement will set out the terms and conditions of the trust, including the fees that will be charged to investors.

 

  • The trust agreement will also set out the investment strategy of the trust, including how the trust will manage the Bitcoin that it holds.

 

 

 

The Magic Crypto Ball 🔮

 

Avalanche launched its subnet system

 

Polygon launches Polygon ID

 

Uniswap launches V3 on Polygon

 

NFT marketplace OpenSea launches on Polygon.

 

Web3 infrastructure provider Alchemy launches on Solana

 

Well that wraps us up like Snoop Dogg in a sandwich store. Take it easy everyone!




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Secret news drop

 

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Beta Testing - Now On Android

 

Wizardia. Android. Beta testing. Activated. 

 

Wizardia is excited to announce that our Android mobile app is in for beta testing!

 

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. 

 

Thank you for being so attentive and supportive!

 

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. 

 

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. 

 

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!

 

In the meantime, hold on tight until we officially announce that we are live and ready.

 

Take it easy, Wizardians!




 

 

Ryan Turnbull

Ryan Turnbull

Introducing Ryan Turnbull, a passionate Australian Chief Vibe Officer at Wizardia. Among many things, Ryan builds Wizardia’s community, creates captivating live streams, forms partnerships with other web3 projects, and produces engaging video and blog content. With his expertise, Ryan introduces crypto gaming to both masters and beginners, fostering a vibrant, exciting and supportive environment.

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