• Aventus (AVT), the native token of a blockchain service provider of the same name, has shed 4.2% to $1.22 Wednesday morning
• The move was met with disappointment among the community after a December governance vote voted in favor of the token split
• Although AVT trades on Coinbase, daily volume remains low at just $65,000, and market depth is minimal at around $3,000 per 2%

Aventus Slides 4.2% on Low Volume

Aventus (AVT), the native token of a blockchain service provider of the same name, has shed 4.2% to $1.22 Wednesday morning following plans for a token split being shelved. Although AVT trades on Coinbase, daily volume remains low at just $65,000, and market depth is minimal at around $3,000 per 2%.

Token Split Plans

The token split had previously been approved by community governance vote in December but was met with disappointment among the community when it was decided to pause for now. The company said that it is still a priority to revisit the token split in future.

Record High Price

The AVT token was issued in 2017 and hit a record high of $6.905 at the start of 2018. It currently has a market cap of $7.3 million according to CoinMarketCap.

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• VeVe is teaming up with Automobili Lamborghini to release digital collectibles of its iconic sports cars.
• The NFTs will feature Lamborghini Huracán STO models with a range of rarity traits.
• This new collection allows fans to showcase their NFTs, view them in AR, and share on social media.

Lamborghini Revs Up With VeVe

VeVe is partnering with Italian car manufacturer Automobili Lamborghini to release digital collectibles of its iconic sports cars. The new collection will feature the Huracán STO model of the luxury sports car brand with different rarity traits, set to be listed on VeVe on February 19th.

Showcase Your Collection

Once purchased, collectors can showcase their NFTs in the app’s virtual showrooms, share on their VeVe social feeds, and use augmented reality (AR) to view and “drive” their car on streets in the real-world. Collectors can also experience the thrill of owning a Lamborghini without having to spend an exorbitant amount of money or give up any physical space in one’s home.

Luxury Brands Join Web3

This isn’t Lamborghini’s first foray into Web3—the company previously released “Epic Road Trip” NFTs. Porsche has also released a series of NFTs featuring its flagship 911 model last month. Other luxury automobile companies such as McClaren and Alfa Romeo have also taken their first spins with NFTs.

A New Way To Experience Luxury Cars

Dan Crothers, co-founder of Veve said that he hopes this new collection will help onboard sports car fanatics to Web3 by giving them a chance to experience their favorite automobiles digitally: “Owning, or even simply driving, a Lamborghini is a dream of many,” Crothers told CoinDesk. “The great thing about our community of passionate collectors is that they just love collecting. We hope this will inspire car enthusiasts to jump into the digital collectibles world too.”

Get Ready For Take Off!

The new Lamborghini NFT collection is set for launch on Veve February 19th—so get ready for take off!

• Eddy Alexandre, the CEO of cryptocurrency and forex trading platform EminiFX, is expected to plead guilty for his role in an alleged $59 million fraud.
• Prosecutors say he lured investors by promising to double their money within five months and with fake account statements showing their investments were growing.
• Supporters from around the world traveled to cheer him on at his plea hearing last year, claiming that Alexandre was innocent and the case was racist.

Eddy Alexandre Arrested

Eddy Alexandre, 51, of Valley Stream, N.Y., the CEO of cryptocurrency and forex trading platform EminiFX, was arrested in May 2022 and charged with wire fraud and commodities fraud. He initially pleaded not guilty but court records show that he will change his plea in a new hearing set for Friday afternoon.

Alleged Fraud Scheme

Prosecutors allege that Alexandre lured investors into his scheme by promising to double their money within five months through a secretive robo-advising technology. However, he allegedly invested only a small portion of user funds and spent the rest either on himself or on business-related expenses. To keep up appearances, he showed investors fake account statements indicating their investments were growing between 5% and 10% each week.

Supporters Show Up At Plea Hearing

Despite Alexandre’s alleged fraud many of his customers have continued to support him including at his plea hearing last year where supporters from around the world traveled to cheer him on claiming that EminiFX was legitimate, Alexandre was helping them and the case against him was racist.

Consequences For Alleged Crimes

Without a plea deal, Alexandre faces up to 30 years in prison if found guilty of wire fraud and commodities fraud charges.

Conclusion

The latest news indicates Eddy Alexande is likely to plead guilty for his involvement in an alleged multi-million dollar Ponzi scheme although supporters continue to back him claiming innocence despite evidence being brought forward by prosecutors.

• Jack Dorsey donated 14 BTC (roughly $245,000) to fund development of Nostr, an open protocol that aspires to create a censorship-resistant global social network.
• Nostr’s Twitter-like Damus application was recently listed on the Apple App Store.
• Media commentators have described Nostr as a possible alternative to Elon Musk’s Twitter.

Jack Dorsey, the former CEO of Twitter and current CEO of Square, recently donated 14 BTC, roughly $245,000, to the open protocol project Nostr. This donation marks Dorsey’s continued commitment to open protocols, as he had previously pledged to donate $1 million annually to encrypted messaging app Signal.

Nostr is a decentralized social network that aspires to create a censorship-resistant global social network. It has been dubbed a potential alternative to Elon Musk’s Twitter by many media commentators. The project recently achieved a milestone with the listing of its Twitter-like Damus application on the Apple App Store.

Damus, an open source project created by the Nostr team, is a decentralized, censorship-resistant social media platform. It is powered by the Ethereum blockchain and allows users to send messages, interact with friends, and post content. Users are able to earn rewards for their posts. Damus is unique in that it does not rely on any centralized entity for its operation.

The listing of Damus on the Apple App Store is a significant step forward for Nostr. It indicates that the project is gaining traction and has potential to become a viable alternative to popular social media networks. This could provide users with a more secure and censorship-resistant platform.

The Hash, a panel of crypto and Web3 experts, recently discussed the implications of Nostr and its listing on the Apple App Store. They highlighted the potential for decentralized social media to challenge the hegemony of existing social media networks and provide users with more privacy.

It remains to be seen how popular Nostr will become, but the project is certainly off to a promising start. With Dorsey’s support, the open protocol could become a viable alternative to the current giants of the social media world.