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Web3 Awards Night & Mixer: A Celebration of Web3 Excellence in Bengaluru

BENGALURU, December 20, 2024 – The heart of India’s tech hub witnessed an extraordinary celebration as Orbis86 hosted the highly anticipated Web3 Awards Night & Mixer . Sponsored by Hedera , this evening of glitz, innovation, and collaboration brought together a stellar lineup of blockchain leaders, innovators, and enthusiasts at the iconic Hard Rock Cafe, Whitefield . This exclusive event marked a milestone in India’s Web3 ecosystem, recognizing outstanding contributions and fostering connections among the brightest minds in Web3 and blockchain. With gourmet bites, free-flowing drinks, and electric energy, the event solidified Bengaluru’s reputation as the epicenter of blockchain innovation. An Evening of Celebration and Recognition The night kicked off with a warm welcome and an immersive check-in experience, followed by dynamic networking sessions. The showstopper of the event was the NEIRO presents GLOBLA Web3 Awards Ceremony , a grand recognition of innovators and game-changers shaping the future of blockchain and Web3 technologies. The event featured thought-provoking keynotes from a distinguished lineup of blockchain luminaries. Among the evening’s highlights was the incredible giveaway, where one lucky winner received an India Blockchain Week (IBW) ticket , providing them access to one of the most anticipated blockchain conferences of the year. Industry Leader Awardees Award winners across categories were celebrated for their exceptional contributions, ranging from decentralization initiatives to sustainability-focused projects. Pushpendra Singh , Crypto Influencer, who shared insights into fostering blockchain adoption. Prasanna Lohar , Founder, India Blockchain Forum, emphasizing Web3’s role in India’s technological growth. Aditi Chopra , Founder, Superwomen DAO, advocating for inclusivity in blockchain. Sai Poorna , Co-Founder, Blymo.XYZ, discussing decentralized finance trends. Kashif Raza , Founder, Bitinning, offering a comprehensive view of India’s crypto landscape. Amit Arora , Head of Partnerships, RAK Digital Assets Oasis, presenting global perspectives on digital assets. Mirzad Makhdoom, Founder & CEO, Tribe Academy, recognized for outstanding contributions to Web3 education and fostering blockchain literacy. Punit Agarwal, Founder, KoinX, leading efforts in digital assets regulatory compliance, ensuring adherence to global standards. SPONSORS The event’s success was made possible by the generous sponsorship of key players in the blockchain and Web3 space, each contributing to the diverse and innovative solutions shaping the future of Web3: Hedera : As the Title sponsor, Hedera stands at the forefront of blockchain innovation. Its decentralized public ledger, powered by a Proof-of-Stake consensus mechanism, delivers secure, fast, and low-cost transactions for decentralized applications (dApps). Backed by major corporations like Google and IBM, Hedera drives real-world adoption with its scalable and efficient platform, setting the standard for decentralized ecosystems. GNUS.AI : was formed as a corporation that invests in ideas from geniuses. The first venture is in the cryptocurrency space with the launch of the GNUS A.I. Processing Crypto Token. Genius (GNUS) tokens are at the heart of a unique and patented blockchain and software system. The primary GNUS token is a multi-chain asset that can be used for decentralized GPU utilization. Also known as DePIN (Decentralized Physical Infrastructure Networks) GLOBLA : GLOBLA stands for Global Blockchain Leadership Awards. The GLOBLA awards will be dedicated to recognizing strong and innovative Blockchain startups, companies, exchanges, ICOs, IEOS and STOs operating around the world The legacy of GLOBLA includes successful events held in Singapore, the Philippines, Malaysia, and Thailand, showcasing the best in blockchain innovation and leadership. Xecret.io : secures seed phrases by converting them into encrypted QR-Slices, with user-defined set sizes and recovery thresholds. These QR-Slices can be printed or digitally stored, protecting against hacks, loss, fire, and theft, and Xecret.io’s SDK integrates with wallet apps. With flexible pricing, it offers a secure, user-friendly recovery solution that surpasses traditional social recovery methods. NEIRO : Neiro , the new Shiba Inu adopted by Kabosu Mama and the official sister of $DOGE, is making waves on the Ethereum blockchain. With a mission to unite dog lovers and Web3 enthusiasts, Neiro embodies a meme legend inspiring real-world impact and community-driven initiatives. Event Partners: The event partners played a pivotal role in driving the Web3 revolution by bridging the gap between education, entrepreneurship, and blockchain innovation: Blockchained India – Blockchained India is a premier community with 80k+ members and working towards adopting and promoting web3. They have worked and launched brands in India like ConsenSys, Polygon, CoinDCX, Binance, Axelar, Polkadot to name a few. Web3Preneur – Web3preneur by BlockOn is revolutionizing Web3 networking with its unique “stage-less, no-frills” format, fostering genuine connections among top industry leaders at premium side-events globally. HODLCC – World first buy now pay later backed by crypto Media Partners A heartfelt acknowledgment goes to our media partners who ensured the event received widespread visibility and coverage across the blockchain community. Their dedication to spreading awareness about the Web3 revolution was instrumental in making this gathering a global success. Our media partners included: Bitcoin World, CoinPedia, Voice of Crypto, CoinSpeaker, TUA Crypto, Crypto Craze, Bitcoin Insider, Crypto News Bulls (CNB), Crypto Tion, Blockzeit, Coin Zebro, Bitcoin All, Crypto Papers, Lucky Coiner, Trade Base, The Bit Crypto, and AltCoiners.live. The Web3 Awards Night & Mixer transcended the boundaries of a traditional event, serving as a convergence of pioneering minds, revolutionary ideas, and transformative technologies that are shaping the next era of decentralization. It was a celebration of innovation and collaboration, amplifying the voices and contributions of individuals and organizations pushing the frontier of Web3. As the Web3 movement gains unprecedented momentum, events like this illuminate the collective aspirations of a global community united by a shared vision: a decentralized future that redefines governance, democratizes access, and empowers innovation. Such gatherings are not merely celebrations; they are catalysts for progress, setting the stage for the transformative ideas that will drive the industry forward. We extend our heartfelt gratitude to every contributor who made this night a resounding success. Together, we are not just imagining the possibilities of Web3—we are engineering its reality. As we continue this journey, may the connections, inspiration, and innovations born here spark new milestones in the collective pursuit of a brighter, decentralized future. About the Hosts: The event’s hosts went above and beyond to ensure its success, demonstrating their leadership in fostering blockchain adoption and entrepreneurship: Orbis86 : A pioneer in Utility-as-a-Service , Orbis86 is committed to creating a unified cross-chain ecosystem. Through its global events, Orbis86 fosters community engagement and provides educational platforms for individuals to learn about and engage with Web3 and AI technologies. BrandPR : BrandPR specializes in elevating Web3 startups through strategic public relations and marketing. Their expertise helps blockchain innovators build strong narratives and achieve mainstream visibility in the competitive decentralized ecosystem. For more information, visit Orbis86.com . CoinTurk News

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Tornado Cash Co-Founder Fights Back: Will Roman Storm’s Charges Be Dropped?

The post Tornado Cash Co-Founder Fights Back: Will Roman Storm’s Charges Be Dropped? appeared first on Coinpedia Fintech News Roman Storm, the co-founder of Tornado Cash, is pushing to have criminal charges against him dropped, following a major win in court. The Fifth Circuit Appeals Court recently ruled that the U.S. Treasury’s sanctions on Tornado Cash’s smart contracts were unlawful. This ruling could be a game-changer for Storm’s case, which involves serious charges, including money laundering. Moreover, the case went all in favor of Tornado Cash the sanctions helped the native token Torn jump 700% last month. The Court Ruled Out Sanction Clause In its ruling , the appeals court made a bold statement by declaring that Treasury’s sanctions on Tornado Cash’s smart contracts were unlawful. As per the ruling, Tornado Cash’s smart contracts are immutable, meaning they can’t be changed or stopped by anyone, not even the creators. The court also clarified that these contracts are not “property” under U.S. law, so they can’t be blocked or sanctioned by the government. With this key factor, Storm demanded that the court should also drop the severe charges of money laundering, especially the charges that he conspired to violate the International Emergency Economic Powers Act (IEEPA), which forced U.S. sanctions. Storm’s Argument: No Control, No Crime In the quest to fight back, Storm is using this ruling to argue that the charges against him are flawed. He insists that Tornado Cash isn’t a financial institution and that it became immutable back in May 2020—long before the alleged money-laundering accusations. Interestingly, he says there was no way he could have conspired to launder money using a protocol that couldn’t be controlled by anyone, including him. So in simple terms, there is no concrete evidence to prove that he did the money laundering using the platform. The case has drawn massive outrage and initially, the lawsuit was filed by the Tornado Cash users, backed by Coinbase, against the U.S. Treasury and its Office of Foreign Assets Control (OFAC). Although the users initially lost the court case, the ruling was overturned in November 2023, giving Tornado Cash supporters a big win. The case is also a reflection of how the decentralized platforms are treated by US law agencies. The developer’s attempt to challenge the agencies will surely bring some immutable change for future cases. Past Crimes In a similar instance, in August 2023, the U.S. Department of Justice charged Tornado Cash co-founders Roman Storm and Roman Semenov with helping launder over $1 billion in crypto, including funds tied to the North Korean hacker group Lazarus. Semenov is still on the run. The third co-founder, Alexey Pertsev, was arrested in the Netherlands in 2022. Tornado Cash was sanctioned by the U.S. Treasury in 2022 for approving unverified transactions and allowing cybercriminals to steal over $7 billion since 2019. CoinTurk News