The first phase of the KRYZA Diamond Chain Coin presale has concluded, exclusively allowing participation for holders of old KRS, KRN, and KRX tokens.
As of today, the SEED SALE is open to everyone, not just existing token holders. If you wish to be part of one of the biggest developments, journeys, and innovations of 2024, seize the opportunity now!
Celebrating our 3rd anniversary, KRYZA Chain is tailored to match the rapid evolution of the digital landscape.
KRYZA Diamond Coin (KRD) is the backbone of our blockchain, boasting an average block time of just 3 seconds, ensuring swift transactions and invulnerability to 51% attacks.
KRD Presale Details: The presale unfolds in multiple stages, starting with the KRYZA Exchange KRX Public Sale participants, then extending to the wider public. The journey culminates with the listing of KRD on various exchanges.
Features of KRYZA Diamond:
Swift and cost-effective blockchain solution catering to diverse applications like social media platforms, streaming services, and gaming. Interoperability and security prioritized, facilitating seamless transitions between different networks and ensuring secure exchanges.
Future Developments: Ongoing enhancements to our decentralized and centralized exchange platforms, integration of the KRYZA Network into our social media ecosystem, and more.
Innovative solutions like KRYZA Diamond pave the way for quick, affordable global finance transactions, interoperability among blockchains, fast and secure data transfer in the entertainment industry, tokenization of social media, and the development of decentralized applications (DApps).
KRYZA Diamond relies on a PoA consensus system, supporting short block times and lower fees, along with EVM-compatible smart contracts and protocols.
As we move forward, the KRYZA Diamond network welcomes validator and witness nodes, aiming for decentralization in governance and operations.
Visit our website to fully explore the KRYZA Diamond Chain:
The KRYZA Airdrop has officially come to a close, marking the distribution of KRX and KRN tokens to participants.
With over 20,000 individuals taking part, the event saw significant engagement. However, it’s worth noting that 54% of participants encountered issues, either due to providing invalid or incorrect wallet addresses or using invalid Twitter handles.
Despite these challenges, 1,163 payouts were successfully processed yesterday. We are thrilled by the overwhelming interest in the KRYZA Ecosystem’s mission and deeply appreciate your support.
Looking ahead to 2024, we are poised to elevate the reputation of KRYZA to new heights. Following the conclusion of our blockchain’s presale, we are excited to announce that KRYZA will be listed on the MEXC exchange. Stay tuned as we continue to evolve and grow. Remember, with KRYZA, the journey is ongoing—past, present, and future.
We are excited to announce that the presale for KRYZA Diamond Chain (KRD) has officially begun! To ensure that as many people as possible get to know about our project before the launch, we have listed it on major presale platforms where you can vote for free once every day.
Your support through the KRD Coin is crucial in spreading awareness about the project to a wider audience even before our listing on MEXC, which is vital for all of us. The more people are familiar with the project, the more users and investors it will attract, making listing an essential part of our journey.
We urge you to vote on each of the following links every day until the launch. The list will be updated regularly as we get listed on more platforms, so stay vigilant and don’t miss out on any opportunity:
It’s important to note that we NEVER initiate or engage in private conversations to offer deals or incentives. Anyone reaching out to you claiming otherwise is a SCAM. Do not fall for it or send them any funds! For official inquiries and discussions, reach out to us at [email protected].
Let’s make the KRYZA Diamond Chain project known far and wide together. Thank you for your support!
In a recent filing, the U.S. Securities and Exchange Commission (SEC) has announced a delay in the decision regarding a proposed spot Ether (ETH) exchange-traded fund (ETF) jointly submitted by Invesco and Galaxy Digital.
The proposed ETF aims to provide professional investors direct exposure to spot Ether, offering an alternative to the currently available Ether futures listed on CME. These futures represent one of the limited avenues for regulated U.S. investors and funds to participate in Ethereum’s potential growth.
Bloomberg Intelligence analyst James Seyffart noted that the postponement aligns with industry expectations. He emphasized that further delays are likely in the coming months, with May 23 being a crucial date, marking the final deadline for VanEck’s spot Ethereum ETF application.
This development follows the SEC’s previous delay in January, affecting Grayscale Investments’ application to convert its Ethereum trust product (ETHE) into an ETF. Additionally, the regulatory body deferred its decision on BlackRock’s application for an Ether ETF.
Financial experts anticipate a potential surge in Ether prices, possibly reaching up to a 70% increase in the coming months, as several ETF applications are anticipated to gain approval in May. Standard Chartered Bank, in a January note, suggested that ETH prices might closely track or even outperform Bitcoin (BTC) around the expected approval date on May 23.
As the SEC navigates the regulatory landscape for cryptocurrency-related financial products, Ether has demonstrated resilience and positive momentum, emerging as the leading gainer among major cryptocurrencies in the past 24 hours, with a notable 2.2% rise in value. Investors and enthusiasts eagerly await further developments in the regulatory journey of Ether ETFs and their potential impact on the broader cryptocurrency market.
In the fast-evolving landscape of blockchain technology, a new player has emerged, promising innovation and interoperability like never before. Enter KRYZA Diamond, the brainchild of a dedicated team seeking to revolutionize the way we think about digital assets and decentralized exchanges.
At the core of KRYZA Diamond lies its proprietary blockchain, powered by the KRC20 protocol, aptly named the KRYZA Diamond Chain. This blockchain isn’t just another iteration of existing technology; it’s a beacon of progress in the realm of programmability and interoperability. Designed with a Proof of Authority (PoA) consensus mechanism, the KRYZA Diamond Chain boasts short block times and lower transaction fees, ensuring efficiency without compromising on security.
But what sets KRYZA Diamond apart is its commitment to fostering a vibrant ecosystem for developers and users alike. The platform welcomes innovators who wish to leverage the power of the KRYZA Diamond blockchain to build applications, tokenize assets, or migrate existing tokens from other networks. Whether you’re a startup looking to tokenize your assets or an established project seeking new avenues for growth, KRYZA Diamond offers a promising environment for experimentation and growth.
So, what exactly can you do with KRYZA Diamond? The possibilities are endless. Users can send and receive KRYZA Diamond tokens (KRD) seamlessly, thanks to the platform’s intuitive interface. Moreover, KRYZA Diamond serves as a launchpad for new token offerings, allowing users to tokenize assets and leverage the platform’s decentralized exchange (DEX) for trading and transferring digital assets.
For developers, KRYZA Diamond opens up a world of possibilities. With smart contract functionality and compatibility with the Ethereum Virtual Machine (EVM), developers can easily port their projects from Ethereum to KRYZA Diamond, tapping into a rich ecosystem of tools and decentralized applications (DApps). Whether you’re building wallets, tools, or DApps, KRYZA Diamond provides the infrastructure and support needed to bring your ideas to life.
But perhaps the most exciting aspect of KRYZA Diamond is its commitment to community engagement and collaboration. Through community channels and documentation, users and developers can stay informed about the latest updates and contribute to the platform’s development. With a vibrant and supportive community behind it, KRYZA Diamond is poised to make a significant impact in the world of blockchain technology.
In conclusion, KRYZA Diamond represents a new frontier in blockchain innovation. With its cutting-edge technology, vibrant ecosystem, and commitment to community engagement, KRYZA Diamond is not just another blockchain platform; it’s a catalyst for change in the digital asset landscape. So, whether you’re a developer looking to build the next big thing or a user eager to explore the possibilities of decentralized finance, KRYZA Diamond welcomes you to join its journey towards a decentralized future.
Welcome to the future of blockchain. Welcome to KRYZA Diamond.
KRYZA is celebrating its 3rd anniversary, marking a significant milestone in our journey. Our blockchain, known as KRYZA Chain, is designed to keep pace with the rapidly evolving digital landscape.
KRYZA Diamond Coin (KRD)
The cornerstone of our blockchain is the KRYZA Diamond Coin (KRD). Operating on the KRYZA Chain (KRC20), KRD boasts an average block time of just 3 seconds, ensuring swift transactions for users.
KRD is invulnerable to 51% attacks.
KRD Presale Details
KRYZA Diamond Coin is available for purchase in multiple stages. Participants of the KRYZA Exchange KRX Public Sale have the first opportunity to acquire KRD. Subsequently, it will be available to the wider public. The Presale concludes with the listing of KRD on the MEXC exchange, followed by major exchanges such as ByBit, Kucoin, Kraken, and our ambitious target for 2025, Binance.
Features of KRYZA Diamond
KRYZA Diamond offers a remarkably fast and cost-effective blockchain solution, catering to various applications including social media platforms, streaming services, and gaming. The versatility of KRYZA Diamond invites developers to innovate and create on our platform.
Interoperability and Security
KRYZA Diamond is committed to interoperability, working on a bridge solution that facilitates seamless transitions between different networks. This ensures cost-effective and secure exchanges, empowering cryptocurrency enthusiasts worldwide.
Future Developments
The journey doesn’t end here. We’re continuously evolving, with plans to enhance our decentralized and centralized exchange platforms (DEX and CEX) and integrate the KRYZA Network into our social media ecosystem, running on the KRD network.
KRYZA Diamond Chain Roadmap
KRYZA is celebrating its 3rd anniversary, marking a significant milestone in our journey. Our blockchain, known as KRYZA Chain, is designed to keep pace with the rapidly evolving digital landscape.
KRYZA Diamond relies on a system of PoA consensus that can support short block time and lower fees. The most bonded validator candidates of staking will become validators and produce blocks. The double-sign detection and other slashing logic guarantee security, stability, and chain finality.
The KRYZA Diamond also supports EVM-compatible smart contracts and protocols. Cross-chain transfer and other communication are possible due to native support of interoperability. KRD Exchange remains a liquid venue of the exchange of assets on both chains. This dual-chain architecture will be ideal for users to take advantage of the fast trading on one side and build their decentralized apps on the other side. The KRYZA Diamond will be:
EVM-compatible
Invulnerable to 51% attack
Supports all the existing Ethereum tooling along with faster finality and cheaper transaction fees.
Super fast block time.
Average block time : 3 seconds
Extrem cheap gas fee
Interoperable
Comes with efficient native dual chain communication; Optimized for scaling high-performance dApps that require fast and smooth user experience.
Distributed with on-chain governance
As the native token, KRD will serve as both the gas of smart contract execution and tokens for staking.
Full Node Rules
There are two types of Full Nodes in KRYZA Diamond network: validator nodes and witness nodes.
What is a Validator Node?
Validators are a group or IT infrastructure that take on the responsibility of maintaining the KRD Chain/DEX data and validating all transactions. They participate in the consensus procedure and vote to produce blocks. Fees collected are distributed among all validators. Validators can be likened to “miners” in Bitcoin and Ethereum, and similar concepts exist in dPoS blockchains like EOS or dBFT in NEO.
Initially, validators are selected from trusted members of the KRD community. As the KRD blockchain and ecosystem mature, this responsibility will expand to include more members, and eventually, it will be distributed. A decentralized governance procedure will be introduced and executed, allowing more qualified organizations or individuals to become validators.
What is KRYZA Diamond?
Geth implements two kinds of consensus engine: ethash (based on PoW) and clique (base on PoA). Ethash is not a fit option for KRD because KRD gives up PoW. Clique has smaller blocking time and is invulnerable to 51% attack while doing as little to the core data structure as possible to preserve existing Ethereum client compatibility. The shortcoming of PoA is centralization, and the lack of meaningful staking and governance capability on-chain. On the other hand, the KRYZA Diamond is built on Cosmos which does have a deployed staking and governance mechanism. Thus here we try to propose a consensus engine that:
What can I do with KRYZA Diamond?
The purpose of the new blockchain and DEX is to create an alternative marketplace for issuing and exchanging digital assets in a decentralized manner.
You can:
Send and receive KRD Issue new tokens to digitalize assets, and use KRYZA Diamond as underlying exchange/transfer network for the assets For developers, you can also:
KRYZA Diamond, KRD boasts smart contract functionality and compatibility with the Ethereum Virtual Machine (EVM). The design goal here was to leave the high throughput of KRYZA Diamond intact while introducing smart contracts into its ecosystem.
Because KRD is EVM-compatible, it launched with support for the rich universe of Ethereum tools and DApps. In theory, this makes it easy for developers to port their projects over from Ethereum. For users, it means that applications like MetaMask can be easily configured to work with TC. Seriously – it’s just a matter of tweaking a couple of settings. Check out Use MetaMask for KRYZA Diamond to get started.
You can:
Send and receive KRD Explore the transaction history and blocks on the chain, via KRD SCAN, API and node RPC interfaces. Developers can also:
Issue new tokens to digitalize assets Run a full node to listen to and broadcast live updates on transactions, blocks, and consensus activities Develop wallets and tools to help users use Dapps
As the battle for investors’ funds intensifies among financial giants such as BlackRock, Fidelity, and others seeking approval for new bitcoin ETFs, experts suggest that Grayscale, the incumbent with a substantial lead, may be an enticing option for newcomers in the bitcoin investing space.
Grayscale, a crypto asset manager, recently obtained permission to convert its Grayscale Bitcoin Trust (GBTC) into an ETF, putting it in a favorable position. While nine other companies secured approval to launch their own bitcoin ETFs, Grayscale’s decade-long operation as a closed-end fund had already amassed nearly $30 billion in bitcoin, giving it a considerable head start over the competition.
Despite some narrowing of the gap as investors withdraw funds from GBTC and allocate them to new funds, GBTC maintains a significant lead at $22 billion, well ahead of BlackRock and Fidelity, both standing at $1.4 billion.
Industry experts suggest that Grayscale, with its established reputation, could be a target for acquisition. Brian D. Evans, CEO and founder of BDE Ventures, notes, “They are sort of the standard now, and even my dad had heard of GBTC from a long time ago, so an acquisition could happen because they have some name recognition already.”
Traditional financial players looking to rapidly expand their presence in the growing bitcoin market might find strategic value in acquiring Grayscale. Nate Geraci, president of the ETF Store, remarks, “A strategic acquisition of a firm such as Grayscale makes a ton of sense for the right traditional ETF issuer assuming the price is palatable.”
While the spot bitcoin ETF category is already fiercely competitive, recent transactions, such as CoinShares acquiring Valkyrie Investments’ ETF unit, suggest a trend of consolidation in the industry.
However, uncertainties surround Grayscale’s potential acquisition timeline due to legal issues involving its parent company, Digital Currency Group (DCG). DCG, along with its Genesis subsidiary and former partner Gemini Trust, faced a lawsuit in October from the state of New York, alleging fraud exceeding $1 billion.
James Seyffart, an analyst at Bloomberg Intelligence, points out, “Someone acquiring Grayscale is theoretically possible, possibly even likely over a long enough time frame, particularly with the current issues surrounding their parent company.”
The significant redemptions from Grayscale’s converted fund, with over $2 billion worth of GBTC sold since its ETF conversion, coupled with DCG’s legal challenges, could potentially expedite a sale. Evans from BDE Ventures suggests, “It makes you wonder about the timing of how this could play out. I suspect that were an acquisition to occur, it would likely happen sooner rather than later because you want to acquire all that bitcoin before prices go up more.
The approval of bitcoin ETFs has coincided with a decline in BTC’s price. The recent completion of FTX’s substantial sell-off of its holdings might alleviate the selling pressure, as the liquidation of a bankruptcy estate’s holdings is a relatively uncommon occurrence.
Investors have divested over $2 billion from the Grayscale Bitcoin Trust (GBTC) since its conversion into an exchange-traded fund earlier this month. A significant portion of this exodus can be attributed to FTX’s bankruptcy estate, which offloaded 22 million shares, according to private data reviewed by CoinDesk and sources familiar with the matter.
While several spot bitcoin ETFs began trading on January 11, after the U.S. Securities and Exchange Commission’s long-awaited approval, the Grayscale fund had already been in existence for a decade, structured as a less appealing closed-end fund. It had amassed nearly $30 billion in assets when the SEC approved its transition to an ETF, along with the endorsement of 10 newly created bitcoin ETFs.
Despite the inflows into new funds offered by industry giants like BlackRock and Fidelity, billions of dollars’ worth of bitcoin have been withdrawn from GBTC. Data reviewed by CoinDesk indicates that FTX played a substantial role in this exodus. The 22 million shares it sold, wiping out FTX’s GBTC ownership, amounted to almost $1 billion.
The price of Bitcoin (BTC) has experienced a decline since the approval of ETFs, contrary to the optimistic expectations preceding the SEC’s decision. Bitcoin ETFs were envisioned as a more accessible way for regular investors to enter the bitcoin market, leading to overly optimistic predictions for BTC’s price.
With FTX completing the sale of its significant holdings, the selling pressure might ease, considering that a bankruptcy estate liquidating its holdings is a relatively rare event.
Similar to other large crypto trading entities, FTX seized opportunities arising from the price difference between Grayscale trust shares and the net asset value of the underlying bitcoin. As of October 25, 2023, FTX held 22.3 million GBTC valued at $597 million, as per a November 3, 2023 filing. The value of FTX’s GBTC holding increased to around $900 million on the first day of Grayscale’s bitcoin ETF trading on NYSE Arca on January 11, closing the session at $40.69.
FTX held shares in five Grayscale trusts and nearly 3 million shares in a statutory trust managed by ETF provider Bitwise, in a brokerage account at ED&F Man Capital Markets, now known as Marex Capital Markets Inc., according to filings.
Marex declined to comment, and Galaxy Digital, a crypto trading specialist aiding in the sale of assets from the FTX bankruptcy estate, also refrained from commenting.
On Monday, Alameda Research, a trading firm linked to FTX, voluntarily dismissed a lawsuit alleging that Grayscale had charged excessive fees.
In a speculative market move, Dogecoin (DOGE) and Floki (FLOKI), two popular dog-themed meme tokens, witnessed a notable uptick, surging up to 12% before experiencing a slight retreat. The catalyst behind this surge was the emergence of an @xpayments profile on the social app X, sparking hopes of increased adoption within the crypto community.
Over the weekend, trading volumes for both DOGE and FLOKI surged by 200%, as per CoinGecko data. This surge occurred despite the broader crypto market experiencing relatively lower trading volumes amid a period of little volatility. Concurrently, futures tracking these tokens saw open interest rise from $200 million to a cumulative $430 million, indicating a growing interest and confidence among traders.
Notably, DOGE has a historical tendency to rally in response to payments-related developments, particularly those involving companies owned by Elon Musk, such as X or Tesla. Meanwhile, Floki, named after Musk’s dog, has become a beta bet for midcap traders.
Speculation within the crypto circles suggests that the surge in DOGE and FLOKI is linked to the possibility of advertisers being able to use DOGE for various transactions, including payments for ads on platforms like Twitter. Simon Schaber, CBDO of Spool DAO, highlighted the parallels between this speculation and past occurrences when Tesla announced the acceptance of DOGE for goods.
Schaber explained in a Telegram message last July, “The speculation is that advertisers could be able to pay DOGE for ads and for other uses on Twitter. We have seen the same happening when Tesla revealed the ability to pay for its goods with DOGE. So the speculation could be around Musk’s businesses and stakeholdings starting to accept crypto, as Tesla does.”
The @xpayments account, set up late on a Friday, has already amassed over 100,000 followers. Earlier this year, X announced in a blog post its plans to introduce peer-to-peer payment capabilities on the application, with Musk hinting at the potential inclusion of cryptocurrencies.
Terraform Labs Faces Bankruptcy Following Legal Setbacks In the wake of recent legal challenges, Terraform Labs has succumbed to financial turmoil, officially filing for Chapter 11 bankruptcy in Delaware. A U.S. judge’s determination that LUNA and MIR qualify as securities has compounded the company’s woes, triggering a class action lawsuit in Singapore.
According to documents submitted on January 21, Terraform Labs Pte. initiated a voluntary Chapter 11 bankruptcy petition in Delaware. The filing reveals the company’s estimated assets and liabilities to be within the range of $100 to $500 million. The collapse of TerraUSD, the firm’s ill-fated stablecoin, and the associated downfall of Terra’s LUNA token in May 2022 resulted in the loss of billions of dollars in investor wealth.
In response to the bankruptcy filing, Terraform Labs emphasized its intent to proceed with its business plan amid the ongoing legal challenges. The company stated in a released statement, “The filing will allow TFL to execute on its business plan while navigating ongoing legal proceedings, including representative litigation pending in Singapore and U.S. litigation.”
Key entities listed among the unsecured creditors include TQ Ventures, a U.S.-based digital assets investment fund, and Standard Crypto, a venture fund headquartered in San Francisco.
Founder Do Kwon and Terraform Labs are currently confronted with the dual threat of a class action suit in Singapore and a trial in the U.S. initiated by the Securities and Exchange Commission (SEC), both stemming from the collapse of TerraUSD. The unfolding legal saga adds further uncertainty to the future of Terraform Labs and its key figures.
