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🚨 New Video Alert!! 🚨
Did you know that Bitcoin is ESG friendly now?
Funny how these asset managers suddenly change their minds on certain assets. First it was nuclear energy, then it was weapons, and now it’s Bitcoin!
In all seriousness, KPMG recently released a report that argues that BTC is ESG friendly. What’s fascinating is that it doesn’t spend much time talking about the G – the governance aspect.
If you’ve been keeping up with the channel, you’ll know that ESG investors are truly concerned about the fact that Bitcoin can’t be controlled. All of a sudden that’s a benefit, or so they say…
Enjoy!
🚨Rally Report🚨
DYDX
The price of DYDX has rallied by 10% in the past 24 hours.
WHY?!
🎉 Investors are likely bullish ahead of the expected launch of the decentralised exchange’s independent Cosmos-based blockchain. The team had earlier hinted that the dYdX chain would be running by the end of September.
🚀 The dYdX foundation even released a list of preferred practices for dYdX Chain validators and stakers this week. The guidelines lay out punishments for validators engaging in malicious MEV and encourage social measures to disincentivize MEV extraction altogether.
If you want to buy or trade DYDX, we have an exclusive trading fee discount of up to 60% on Kucoin 👇
https://www.coinbureau.com/deals/trading/kucoin/
📣📣 COIN BUREAU NEWSFLASH! – (23/08/23)
Here are some of today’s most important headlines:
1️⃣ Binance.US Looks to Crypto Startup MoonPay as Alternative After US Banks Cut Ties 🔎
Crypto exchange Binance.US has announced a new partnership with crypto payments firm MoonPay to allow users to buy the U.S. dollar-pegged stablecoin USDT to use on its platform. Customers have the option to purchase USDT using debit cards, credit cards, Apple Pay or Google Pay and then converting it into crypto tokens.
A a MoonPay representative stated,
"MoonPay provides both on-and off-ramp services. With respect to Binance.US users, we are providing a service for those users that want to convert their crypto to fiat and deposit into their US bank account. MoonPay performs rigorous KYC checks on all customers. We support many of our existing partners and exchanges with this functionality."
https://www.bloomberg.com/news/articles/2023-08-22/crypto-exchange-binance-us-turns-to-moonpay-for-payments-after-us-banks-cut-ties
2️⃣ Ex-OpenSea Exec Receives 3-Month Sentence in NFT Insider Trading Case ⚖️
Nathaniel Chastain, OpenSea’s former head of product, has reportedly been sentenced to three months in prison and fined $50,000 after being convicted of fraud and money laundering in federal court in New York. Chastain earlier faced a potential 20 years in prison for each charge. The Judge stated that the lighter sentence was due to Chastain being a "first-time offender" who had a "potentially promising future."
U.S. Attorney Damian Williams stated,
"Nathanial Chastain faced justice today for violating the trust that his employer placed in him by using OpenSea’s confidential information for his own profit. Today’s sentence should serve as a warning to other corporate insiders that insider trading – in any marketplace – will not be tolerated.”
https://decrypt.co/153373/ex-opensea-exec-receives-3-month-sentence-in-nft-insider-trading-case
3️⃣ Balancer Depositors Pull Nearly $100M in Crypto After Vulnerability Warning ❗️
Yesterday, the team behind Balancer reported a "critical vulnerability" affecting some V2 pools. While they stated that they had already mitigated 80% of the threat, they warned that 4% of total-value-locked is still at risk.
The post read,
"As of the writing of this post, this vulnerability has not been exploited, and no funds have been lost. We believe funds in the mitigated pools (labeled “mitigated”) are safe, but nevertheless strongly recommend timely migration to safe pools, or withdrawal. Pools that could not be mitigated are labeled 'at risk.' If you are an LP in any of these pools, please exit immediately."
Following the message, the protocol’s TVL dropped nearly $100 million as depositors rushed to withdraw their funds.
https://www.coindesk.com/markets/2023/08/22/balancer-depositors-pull-nearly-100m-in-crypto-after-vulnerability-warning
4️⃣ Fidelity-Backed EDX Selects Anchorage Digital for Clearinghouse Custody 🤝
Institutional crypto exchange EDX Markets, which is backed by Wall Street giants such as Citadel Securities and Charles Schwab, has reportedly selected Anchorage Digital to provide custody solutions for its upcoming clearinghouse business. EDX CEO Jamil Nazarali stated that Anchorage is the “ideal partner" as it is the only federally chartered crypto bank in the U.S. The clearinghouse will help settle trades matched on EDX.
https://www.theblock.co/post/246772/fidelity-citadel-securities-charles-schwab-edx-markets-anchorage-digital-clearinghouse-custody
5️⃣ Maple Finance Eyes Asian Expansion With $5M Investment 💰
Blockchain-based credit marketplace Maple Finance has reportedly raised $5 million in a new strategic funding round. The round was led by BlockTower Capital and Tioga Capital and saw participation from Cherry Ventures, The Spartan Group, GSR Ventures and Veris Ventures.
CEO Sidney Powell stated,
📣📣 COIN BUREAU NEWSFLASH! – (22/08/23)
Here are some of today’s most important headlines:
1️⃣ Friend.Tech Denies Report That Database of Over 100K Users Was Leaked ❌
The team behind the viral SocialFi platform Friend.tech has denied the claims made in a recent The Block report that stated that the personal information of more than 100,000 Friend.Tech users were “leaked.”
The Friend.tech team, stated
“This is just someone scraping our public API that shows the association between public wallet addresses and public Twitter usernames. It’s like saying someone hacked you by looking at your public Twitter feed.”
https://cointelegraph.com/news/friendtech-denies-report-leaked-user-data
2️⃣ Coinbase Takes Stake in Stablecoin Issuer Circle ❗️
According to a recent press release, Coinbase Global Inc. has taken a minority stake in stablecoin issuer Circle. The two organisations have also announced that they are dissolving their Centre Consortium partnership which was used to issue the USDC stablecoin until now. Circle will now bring the issuance and governance of USDC fully in-house.
Following the move, Coinbase and Circle’s revenue from USDC will reportedly be shared based on the amount of USDC held on each of their platforms, with an additional equally shared interest income generated from the broader distribution and usage of USDC. The press release also revealed that USDC will be launching on six new blockchains.
https://www.bloomberg.com/news/articles/2023-08-21/coinbase-takes-stake-in-stablecoin-issuer-circle-centre-closes
3️⃣ ETH Linked to Vitalik Buterin Is on the Move 🔎
According to data from Ethereum block explorer Etherscan, Ethereum co-founder Vitalik Buterin moved 600 ETH to the U.S. crypto exchange Coinbase yesterday. On-chain analytics firm Arkham data shows that Vitalik has moved around $3.6 million in ETH to exchanges including Kraken, Gemini, and Coinbase since the start of the year.
https://decrypt.co/153184/eth-linked-ethereum-ico-participant-vitalik-buterin-are-move
4️⃣ SEC Charges Fintech Firm Titan Global Management Over Crypto-Related Violations 👮♂️
The U.S. Securities and Exchange Commission has reportedly charged New York-based fintech investment adviser Titan Global Management with securities violations. The action came after the regulator found Titan guilty of using misleading hypothetical performance metrics in advertisements — including purported "annualised" performance results of up to 2,700% for the Titan Crypto strategy. Titan has agreed to a cease-and-desist order and will pay over $192,000 in disgorgement as well as a civil penalty of $850,000 that will go to affected customers.
Titan stated,
“We fully cooperated with the SEC’s inquiry and are pleased to have reached a resolution of these issues. The SEC Order acknowledges Titan’s cooperation and remedial efforts since July 2022, including hiring a new Chief Legal and Chief Compliance Officer and additional legal and compliance staff. Titan continues to make significant investments to build and enhance its compliance program."
https://www.theblock.co/post/246628/sec-charges-fintech-firm-titan-global-management-over-crypto-related-violations
5️⃣ Coin Center Responds to US Lawmakers’ Request for Crypto Tax Guidance ⚖️
In an Aug. 21 letter to Sens. Ron Wyden and Mike Crapo, crypto-focused policy nonprofit group Coin Center provided suggestions for potential legislation related to the taxation of digital assets. The letter outlined several suggestions, including having the IRS establish a de minimis exemption for crypto transactions, not applying U.S. tax law reporting requirements for second parties to digital assets, revising the IRS definition of a broker to explicitly exclude crypto miners and Lightning node operators, and as well as limit the agency’s authority to issue legal summons for alleged tax evaders.
https://cointelegraph.com/news/coin-center-responds-lawmakers-request-crypto-tax-guidance
https://www.youtube.com/watch?v=s8xpV1PuNAY
Читать полностью…
📣📣 COIN BUREAU NEWSFLASH! – (21/08/23)
Here are some of today’s most important headlines:
1️⃣ Recur to Shut Down Less Than Two Years After Raising $50 Million In Series A 📉
NFT Startup Recur has announced its decision to shut down its platform in a phased manner. The team cited “unforeseen challenges and shifts in the business landscape" as the reason behind the move. The closure of the platform’s functionality will begin with the disabling of primary and secondary sales from Aug. 18, 2023. New user account creation has already been stopped, and all remaining site functions will cease by Nov. 16, 2023. Notably, the decision comes less than two years after the platform raised $50 million in a series A funding round.
https://www.theblock.co/post/246477/recur-to-shut-down-less-than-two-years-after-raising-50-million-in-series-a
2️⃣ Bitget Mandates KYC Requirements in Line with Tightening Global Regulations 🏦
Seychelles-based crypto derivatives exchange Bitget is reportedly updating its Know Your Customer (KYC) requirements for users wishing to deposit or trade on its platform from the start of next month. The exchange stated the move was “to comply with regulatory requirements in the global cryptocurrency sector and create a secure cryptocurrency trading environment.” Newly signed-up users must complete level-one KYC verification to deposit and trade digital assets on Bitget. Existing customers have until Oct. 1 to complete the process, after which time they will only be able to withdraw, cancel orders or close positions.
https://cointelegraph.com/news/bitget-kyc-mandate-september-2023
3️⃣ Friend.tech Becomes Massive Ether Money Machine as NBA Players, FaZe Clan Join In 🤑
Social app friend.tech has generated protocol fees exceeding $1.42 million in the last 24 hours. This ranks the platform as one of the top three crypto projects with respect to user-paid fees, right behind Ethereum and Lido. Notably, the app has recently attracted new high-profile members such as startup incubator Y Combinator CEO Garry Tan and NBA player Grayson Allen.
https://www.coindesk.com/tech/2023/08/21/friendtech-becomes-massive-ether-money-machine-as-nba-players-faze-clan-join-in
4️⃣ Token Founder Loses $250,000 and His House in Scam, Sues Crypto.com ❗️
According to recently filed court documents, Glow Token LLC and its CEO Bryan Lawrence have filed a lawsuit in a Florida court against Crypto.com. The crypto project has accused the major exchange of breach of contract and claims it owes over $250,000 in damages after Glow CEO Bryan was duped by fake Crypto.com employees for a token listing earlier this year.
The filing reads,
"I conducted my due diligence and directly verified every step with Crypto.com. This included checking the listing link on their website, reviewing all received emails, confirming all the contact information I was provided, accessing the communication platform required by the listing agent, examining the actual listing contract, and all the details [were] verified by multiple representatives from Crypto.com."
https://decrypt.co/153097/token-founder-loses-250000-and-his-house-in-scam-sues-crypto-com
🚨 New Video Alert!! 🚨
Coinbase has launched its own layer 2. This is a bigger deal than you think, because Base is analogous to what BNB was for Binance. That means lots of 100x opportunities for those who know where to find them.
However, it also means lots of scams and rug pulls for those who go blindly looking for profit. That’s why we decided to create a comprehensive Base tutorial, including how to find promising altcoins in this new ecosystem.
By the end of the video, you’ll know exactly how to bridge to and from Base, where exactly to find up and coming crypto projects in its ecosystem, and also understand the risks associated with this new layer 2.
Enjoy!
📣📣 COIN BUREAU NEWSFLASH! – (19/08/23)
Here are some of today’s most important headlines:
1️⃣ Mark Cuban, Yuga Labs Lead Backlash Over OpenSea's NFT Royalties Change 🥶
NFT Marketplace OpenSea’s recent decision to shut down its creator royalties enforcement tool has received criticism from several key figures in the space, including billionaire tech entrepreneur Mark Cuban and Bored Ape Yacht Club creator Yuga Labs.
In response to the policy change, Cuban tweeted,
“Not collecting and paying royalties on NFT sales is a HUGE mistake by OpenSea. It diminished trust in the platform and hurts the industry. And I say this as an OpenSea investor.”
In response to the policy change, Yuga Labs tweeted that it plans to begin the process of sunsetting its compatibility with OpenSea. The tweet reads,
"Yuga Labs will begin the process of sunsetting support for OpenSea’s SeaPort for all upgradable contracts and any new collections, with the aim of this being complete in February 2024 in tandem with OpenSea’s approach. For as much as NFTs have been about users truly owning their digital assets, they’ve also been about empowering creators. Yuga believes in protecting creator royalties so creators are properly compensated for their work."
https://decrypt.co/153043/mark-cuban-yuga-labs-lead-backlash-over-opensea-nft-royalties-change
2️⃣ Crypto Lender Exactly Hit by $12M Bridge Exploit ❗️
Optimism-based decentralised credit market ‘Exactly Protocol’ has become the latest victim of a security attack that has resulted in the loss of approximately 7,160 ether (worth $12.04 million). The protocol was temporarily paused after the attack, but users could still withdraw assets. The price of the protocol's native governance token (EXA) dropped by more than 12% following the exploit.
https://www.coindesk.com/business/2023/08/18/crypto-lender-exactly-hit-by-12m-bridge-exploit
3️⃣ OpenSea Ends Support for BNB Smart Chain ❌
NFT marketplace OpenSea is reportedly dropping support for NFTs built on the BNB Smart Chain. OpenSea stated that the decision to remove BSC was due to the "need to align resources with the most promising efforts.”
It also tweeted,
"Starting today, you will no longer be able to create new listings for or make new offers on BSC NFTs. However, you will still be able to view, discover, and transfer BSC NFTs on our site. We’re confident this decision will help us direct resources to keep pace with the rapid innovation in our ecosystem."
https://www.theblock.co/post/246384/opensea-ends-support-for-bnb-smart-chain
4️⃣ BNB Hacker Loses Over $53M After Getting Liquidated in Market Crash 📉
According to reports, the hacker behind the infamous $600 million BNB Smart Chain exploit was among the list of traders liquidated by the sudden market pullback in the crypto space yesterday. Specifically, a crypto wallet linked to the exploit had its $53 million collateral liquidated on the crypto lending platform Venus Protocol. The hacker apparently used the tokens as collateral for a $30 million USDT loan on the protocol.
https://cointelegraph.com/news/bnb-hacker-loses-over-53m-after-getting-liquidated-in-market-crash
5️⃣ Elon Musk Says He's Killing Twitter's Block Feature, Sparking Outcry 🧐
Elon Musk is reportedly planning to delete Twitter’s ‘block’ feature except for DMs. He stated that he believes the feature makes no sense. The statement came in response to a post from the “Tesla Owners Silicon Valley” account, which questioned why users didn’t simply employ the “mute” feature instead of the “block” feature. Notably, Twitter co-founder and former CEO Jack Dorsey also added his support to removing the block feature in favour of just letting users mute other accounts if desired.
https://decrypt.co/152980/elon-musk-says-hes-killing-twitters-block-feature-sparking-outcry
📣📣 COIN BUREAU NEWSFLASH! – (18/08/23)
Here are some of today’s most important headlines:
1️⃣ Court Sides with Government in Coinbase-Backed Lawsuit Over Tornado Cash Sanctions 🤔
Judge Robert Pitman, the federal judge overseeing the Tornado Cash Sanctions lawsuit funded by Coinbase, has reportedly granted the United States Department of the Treasury’s motion for summary judgment, going against the six plaintiffs who said that the agency exceeded its authority when it sanctioned crypto mixer Tornado Cash last year.
Judge Pitman ruled,
“The DAO is an entity unto itself that, through its voting members, has demonstrated an agreement to a common purpose. As the government notes, the structure is not unlike that of stockholders of a corporation who may not intend to vote in a shareholder meeting, without this affecting the structure of the entity [….] The Court finds that Tornado Cash is an association within the ordinary meaning of the term and is, therefore, an entity that may be designated per OFAC regulations.”
https://www.theblock.co/post/246100/court-sides-with-government-in-coinbase-backed-lawsuit-over-tornado-cash-sanctions
2️⃣ Crypto Firm Helio Lending Gets Bond Sentence Over False License Claims ⚖️
The Australian Securities and Investments Commission has reportedly sentenced crypto lender Helio Lending to a one-year non-conviction good behaviour bond of 15,000 Australian dollars ($9,600) after the agency found the entity was falsely claiming it had a local credit license.
ASIC Deputy Chair Sarah Court stated,
“We expect entities and individuals to provide accurate information to their customers and potential customers. Helio falsely claimed that it held an Australian Credit license, misleading their customers to believe that they had the protections afforded by such a license."
https://cointelegraph.com/news/helio-lending-sentenced-over-australian-credit-license-claim
3️⃣ OpenSea Will Make Creator Royalties Optional for NFT Trades 🔎
NFT marketplace OpenSea is reportedly shutting down ‘Operator Filter’- its on-chain royalty enforcement tool on Aug. 31. The platform has stated that it has chosen to make creator fees optional for new collections after Aug. 31. Artists will now only be able to indicate their preferred creator fee, which buyers can choose to pay effectively as a tip.
In a blog post, OpenSea founder and CEO Devin Finzer stated,
“In November 2022, we launched the Operator Filter: a tool designed to give creators more control by restricting the sale of their collections to web3 marketplaces that enforce creator fees in secondary sales. It was meant to empower creators with greater control over their web3 business models, but it required the buy-in of everyone in the web3 ecosystem, and unfortunately, that has not happened. So, we’re making a few changes to our approach to creator fees.” Adding “To be clear, creator fees aren’t going away – simply the ineffective, unilateral enforcement of them.”
https://decrypt.co/152878/opensea-make-creator-royalties-optional-nft-trades
4️⃣ SEC Set to Greenlight Ether-Futures ETFs in Win for Crypto Industry ❗️
According to a Bloomberg report, the United States Securities and Exchange Commission (SEC) is set to approve the first exchange-traded funds (ETFs) based on Ether Futures. While, it couldn’t immediately be determined which funds would get the green light, nearly a dozen firms, including Volatility Shares, Bitwise, Roundhill and ProShares, have filed to launch the ETFs.
https://www.bloomberg.com/news/articles/2023-08-17/sec-said-to-be-poised-to-allow-us-debut-of-ether-futures-etfs-eth
5️⃣ Genesis, FTX Strike Deal for $175M Bankruptcy Claim 🤝
According to recent court filings, crypto exchange FTX and its CEO have formally requested a court mandate to resolve their disagreement with Genesis entities, aiming to settle claims amounting to nearly $176 million. Notably, the deal which also waives Genesis' parallel claims against FTX, represents a significant reduction from the nearly $4 billion FTX originally sought.
📣📣 COIN BUREAU NEWSFLASH! – (17/08/23)
Here are some of today’s most important headlines:
1️⃣ Shibarium 'Sloppy Launch' Sees $1.8 Million Stuck in Pending State 😵💫
The Shibarium blockchain, an Ethereum layer-2 network that uses SHIB tokens as fees, finally went live yesterday after months of testing that saw millions of users participate and 21 million wallets created.
Shiba Inu lead developer “Shytoshi Kusama” stated,
“Many in the tech world, inside and outside the blockchain ecosystem, are promising ‘everything apps’ and full user interactivity in the world of ideas, goods, services and other opportunities. However, any such promise absolutely must start at a place of both community and decentralization. As part of one of the most popular cryptocurrencies on the planet, Shibarium lives at the intersection of those two principles in a way that eludes most other technologies, even many other blockchains.”
However, shortly after launch, blockchain data revealed that transactions on the network were stalled for at least five hours as of the time of writing. Approximately 954 ETH (worth $1.7 million) and $750,000 worth of BONE were stuck on the bridge. Shytoshi Kusama later tweeted that the team messed up and that all the Ether bridged onto the network is currently unrecoverable.
https://www.coindesk.com/tech/2023/08/16/shiba-inus-ethereum-layer-2-blockchain-shibarium-goes-live-amid-push-for-defi-growth/
2️⃣ Ledger Adds PayPal as On-Ramp for Bitcoin, Ethereum Purchases 🚀
Hardware crypto wallet provider Ledger has reportedly integrated its Ledger Live software with PayPal to allow U.S. customers to buy cryptocurrencies like BTC, ETH, BCH and LTC using their PayPal account.
Ledger chairman and CEO Pascal Gauthier stated,
“We’re combining the uncompromising security of Ledger with PayPal's leadership in protected payments technology to help facilitate a seamless platform for user crypto transactions. Ledger is committed to simplifying the world of crypto and PayPal is committed to making the movement of money as simple, reliable and affordable as possible.”
https://decrypt.co/152674/ledger-adds-paypal-on-ramp-bitcoin-ethereum-purchases
3️⃣ Coinbase Obtains Regulatory Approval to Offer Crypto Futures Trading to Eligible Clients ⚖️
Coinbase Financial Markets has reportedly obtained approval from the National Futures Association (NFA) to offer investments in crypto futures to eligible customers in the United States. Notably, the approval comes nearly two years after Coinbase first applied to join the NFA in September 2021.
Greg Tusar, Coinbase’s vice president of institutional product, called the approval a “critical milestone” and has stated that the exchange is the “first crypto-native leader” to directly offer traditional spot crypto trading alongside regulated and leveraged crypto futures for verified customers.
https://www.theblock.co/post/245626/coinbase-obtains-regulatory-approval-to-offer-crypto-futures-trading-to-eligible-clients
4️⃣ BitGo Bucks Crypto Downturn to Raise Funding at $1.75 Billion Valuation 💰
Crypto custody firm BitGo has reportedly raised $100 million in a Series C funding round at a $1.75 billion valuation. The firm has stated that it plans to use the money for strategic acquisitions and global expansion. Notably, the $100 million raise comes nearly two months after the custodian scrapped plans to buy rival Prime Trust.
https://www.bloomberg.com/news/articles/2023-08-16/bitgo-bucks-crypto-downturn-to-raise-funding-at-1-75-billion-valuation
🚨Rally Report🚨
SEI
The price of SEI has rallied by 2744% in the past 24 hours.
WHY?!
🎉 Trading for the SEI token has begun as the blockchain’s mainnet went live on Tuesday.
🚀 Several major exchanges, including Coinbase, Binance and Kraken have announced their support for the token. Notably, SEI experienced a spike in trading in South Korea today, with local crypto exchanges Upbit and Bithumb recording hundreds of millions of dollars in daily volume.
If you want to buy or trade SEI, we have an exclusive $40K Bonus, a 20% trading fee discount & a $15k trading competition on Bitget! 👇
https://www.coinbureau.com/deals/trading/bitget-crypto-exchange/
📣📣 COIN BUREAU NEWSFLASH! – (24/08/23)
Here are some of today’s most important headlines:
1️⃣ Solana Pay Integrates Plug-In with Shopify for USDC Payments 🤩
Solana Pay, the payment protocol built on the Solana blockchain, has reportedly integrated its plug-in with e-commerce giant Shopify. The integration will allow millions of businesses on Shopify to accept payments in USDC.
Solana Foundation Head of Commerce Business Development Josh Fried stated,
“Solana Pay on Shopify opens up millions of merchants to a more dynamic and efficient payment choice, while consumers get the convenience and increased utility of being able to pay for goods and services with digital dollar currencies from the vast network of merchants using Shopify.”
https://techcrunch.com/2023/08/23/solana-pay-plug-in-with-shopify-for-usdc-payments/
2️⃣ Former Corrections Officer Charged in Crypto Fraud Targeting Police ❗️
John DeSalvo, a 47-year-old former New Jersey corrections officer, has been charged by the U.S. SEC with defrauding hundreds of law enforcement personnel and first responders in a cryptocurrency investment scheme.
DeSalvo raised over $620,000 from about 220 investors through an unregistered crypto token called Blazar Token. He then reportedly used this money for bathroom renovations. The SEC has sought a permanent injunction against DeSalvo barring him from security offerings, as well as civil penalties and disgorgement of profits.
https://decrypt.co/153512/police-officers-trageted-in-crypto-scam-sec
3️⃣ Israeli Police Seek Charges in Fraud Case Against Crypto Businessman Moshe Hogeg 👮♂️
The Israeli Police have accused Moshe Hogeg, the former owner of an Israeli Premier League soccer team, of defrauding Israeli citizens out of roughly $290 million through scams involving crypto projects. Specifically, the police have recommended prosecutors to charge Hogeg with fraud, theft, money laundering, and sex crimes, after more than two years of investigation. Hogeg denied all allegations and described many publications covering the case as doing a “great injustice” against him.
https://www.timesofisrael.com/police-seek-charges-in-fraud-case-against-crypto-businessman-moshe-hogeg/
4️⃣ Quantstamp Introduces Tool to Detect Protocols’ Flash Loan Attack Vulnerability 🚀
Blockchain security provider Quantstamp has announced the launch of ‘Economic Exploit Analysis’- a new automated service that detects flash loan attack vectors in smart contracts. The new service, which has been released in collaboration with researchers from the University of Toronto, will enhance Quantstamp’s audits and will be available on any EVM-compatible blockchain. The service is available for both deployed and undeployed protocols, and is non-exhaustive.
https://cointelegraph.com/news/quantstamp-introduces-tool-detect-protocol-flash-loan-attack-vulnerability
5️⃣ FTX Founder Sam Bankman-Fried Intends to Blame Fenwick & West Lawyers in His Defence 🧐
According to recent court filings, FTX founder Sam Bankman-Fried’s defence lawyers are planning to use the "advice of counsel" strategy. This strategy entails pinning part of the blame on SBF’s former in-house legal counsels as well as the externally hired legal counsels from Fenwick & West.
The filing reads,
“The defence intends to elicit evidence that Mr. Bankman-Fried was aware that Fenwick lawyers as well as in-house counsel for FTX, including Dan Friedberg, Can Sun, Ryne Miller, and others, were involved in reviewing and approving decisions related to these matters and others, which gave him assurance that he was acting in good faith. Evidence of the defendant’s reliance on counsel is relevant to the question of intent and is not limited to situations where the defence can establish that the defendant formally sought out the advice of counsel, received legal advice, and followed the advice given.”
https://www.coindesk.com/policy/2023/08/23/ftx-founder-sam-bankman-fried-intends-to-blame-fenwick-west-lawyers-in-his-defense
“This funding round marks a pivotal moment in our evolution as we embark on a strategic expansion into the APAC (Asia-Pacific) region as part of a comprehensive growth plan for Maple. The network is poised to further scale its technology and forge partnerships that enable compliant and seamless lending and borrowing adoption across the APAC region, specifically in Singapore, Japan, Hong Kong and Korea.”
https://www.coindesk.com/business/2023/08/22/maple-finance-eyes-asian-expansion-with-5m-investment-returns-to-solana
🚨Rally Report🚨
ASTAR
The price of ASTR has rallied by 10% in the past 24 hours.
WHY?!
🎉 Investors are bullish after Astar network founder Sota Watanabe revealed that the next major update dubbed Astar 2.0 Supernova is scheduled to be available for the public on September 13 during the Token2049 event.
🚀 Astar 2.0 revamps the tokenomics of ASTR by introducing token burn mechanisms, tiered incentives for builders, lower inflation rate, and higher rewards for dApps driving Astar's growth.
🤔 The price action might also be due to speculation about Japan potentially launching its CBDC on the Astar network.
If you want to buy or trade ASTR, we have an exclusive $40K Bonus, a 20% trading fee discount & a $15k trading competition on Bitget! 👇
https://www.coinbureau.com/deals/trading/bitget-crypto-exchange/
🚨 New Video Alert!! 🚨
It turns out that crypto wallets aren’t as safe as they seem, at least according to a recent report by CER Live, a sort of subsidiary of Hacken, a well known crypto security firm.
The report made headlines for finding that only a small fraction of crypto wallets were engaging in good security practices. This begs the question of which crypto wallets are safe.
Not only does the CER Live report answer this question, it also reveals all the security nuances of some of the most common types of crypto wallets. It’s a truly insightful report.
And that’s why we’re summarizing it for today’s video!
Enjoy!
🚨Rally Report🚨
AKASH NETWORK
The price of AKT has rallied by 11% in the past 24 hours.
WHY?!
📈 The price of AKT has been steadily rising over the past few weeks. Akash Network is a decentralised cloud computing platform that supports GPU. This allows anyone to run their AI models on the Akash network.
🚀 Investors are bullish as the team recently announced the launch of Stable Payments on testnet. Stable Payments allows users to make settlements in the USDC stablecoin instead of AKT.
If you want to buy or trade AKT, we have an exclusive trading fee discount of up to 60% on Kucoin 👇
https://www.coinbureau.com/deals/trading/kucoin/
🚨 New Video Alert!! 🚨
Did you miss us?
It’s been two weeks since our last weekly crypto review, and it’s safe to say that a lot has happened since then. Last week was particularly eventful, and we’re here to break it all down for you.
First, we the crypto market crashed. Then, ETH kind of recovered. This is due to a combination of crypto and macro factors, which we unpack in great detail (as always). Unfortunately, these factors still hang over the market.
That doesn’t mean some cryptos didn’t see massive rallies, though. A handful of altcoins saw some impressive gains, though it’s not clear how long these rallies will last. Stick around until the end for our full analysis!
Enjoy!
📣📣 COIN BUREAU NEWSFLASH! – (20/08/23)
Here are some of today’s most important headlines:
1️⃣ Sam Bankman-Fried Requests Weekday Freedom for Legal Defence Work ⚖️
In a letter sent to Judge Lewis Kaplan on Friday, legal representatives for Sam Bankman-Fried sought permission for the FTX founder to spend five weekdays outside his confinement in the Metropolitan Detention Center in Brooklyn to collaborate with his legal team on his defence case that is set to begin in October. They stated that their client was facing difficulties thoroughly reviewing the accumulated extensive documents while being confined.
Christian Everdell, attorney for SBF, stated:
“Just last week the government produced three-quarters of a million pages of Slack communications, which were supposed to be produced months ago, that Mr. Bankman-Fried will have no hope of reviewing under this schedule.”
https://cointelegraph.com/news/sam-bankman-fried-requests-weekday-freedom-for-legal-defense-work
2️⃣ Coinbase International Volumes Pick Up, Topping $280 Million In One Day 📊
According to data from The Block's data dashboard, Coinbase’s offshore derivatives exchange experienced a surge in daily trading volumes, reaching $287 million on August 18. Notably, the platform, which launched in May, has seen volumes top $100 million daily since August 14.
https://www.theblock.co/post/246414/coinbase-international-volumes-pick-up-topping-280-million-in-one-day
3️⃣ SEC Could Greenlight Ether Futures ETFs at Same Time 🧐
According to a Wall Street Journal report, the United States Securities and Exchange Commission (SEC) will likely approve multiple applications for Ether futures exchange-traded funds (ETFs) at the same time. Currently, at least 16 applications for Ether or Bitcoin-Ether futures ETFs are awaiting regulatory approval. Just earlier this week, asset management firm Valkyrie filed for an Ether futures ETF and a previous application combining a Bitcoin-Ether futures strategy.
https://www.wsj.com/livecoverage/stock-market-today-dow-jones-08-18-2023/card/sec-could-greenlight-ether-futures-etfs-at-same-time-4beV96JtPkjMt1LKIXHq
4️⃣ North Korean Hackers Have Stolen $200 Million So Far This Year: Report 🔎
According to a report released on Friday by blockchain intelligence firm TRM Labs, North Korean hackers have stolen over $200 million in cryptocurrency in 2023, accounting for over 20% of all stolen crypto in 2023.
A TRM Labs spokesperson stated,
“North Korean hackers use myriad techniques to launder stolen funds—from chain hopping to mixers—and then quickly cash out through accounts at exchanges that typically have lower KYC/AML controls in place. Following OFAC’s sanctioning of cryptocurrency mixing service Tornado Cash last year, TRM Labs has seen North Korea strongly favour Sinbad as the mixing service of choice.”
https://decrypt.co/153063/north-korean-hackers-stolen-over-200-million-in-2023
🚨 New Video Alert!! 🚨
The Fed has created a new supervision program geared specifically towards crypto friendly banks it oversees, which is basically all of them. Naturally, the program has a special place for stablecoins.
If this scenario sounds familiar, that’s because the Fed made a similar announcement in January. What followed was multiple months of crypto scrutiny, combined with a banking crisis and stablecoin depeg.
History never repeats, but it does rhyme. Based on the timelines provided in the Fed’s more recent announcement, we could see some serious fireworks in less than a month, and not in a good way.
This is a video you can’t miss.
While FTX creditors have expressed discontent over the settlement, Genesis lawyers stated,
“The settlement will, among other things, significantly smooth the path to confirmation of the Genesis Debtors’ chapter 11 plan of reorganization (the “Genesis Plan”), as well as eliminating the risks, expenses, and uncertainty associated with protracted litigation among the FTX Debtors, the Genesis Debtors, and GGCI.”
https://www.coindesk.com/policy/2023/08/17/genesis-ftx-strike-deal-for-175m-bankruptcy-claim
📣 Announcement! 📣
Join us for our first-ever X Space!
🎯 Topic: Dive into the global crypto regulatory landscape with a panel of legal and policy experts
📅: Today @ 9 AM EST/1 PM UTC
Some of the speakers include:
1️⃣ Caroline Malcolm: VP of Global Public Policy at Chainalysis
2️⃣ On Yavin: Lawyer, speaker, Syndika (web3+AI syndicate) co-founder
3️⃣ Jason Meyers: Financial reporting expert, Lead Architect at Auditchain
4️⃣ Matthew de la Fuente: Regulations expert, CEO of KYAX
💡Set your reminders 👉 https://twitter.com/i/spaces/1DXGyvdBXkbJM?s=20
🚨 New Video Alert!! 🚨
The G20 could be on the brink of a massive crypto crackdown. That’s because India recently published a global crypto regulation roadmap for all members that’s set to be implemented in the coming months.
For those who don’t know, India currently holds the G20 presidency, and its anti-crypto stance has spilled over into G20 policy. Of course, the same is true for the countries that held past presidencies.
The same is likely to be true for future countries, and it appears that the next two in line aren’t as anti-crypto. Quite the contrary. Will this be enough to stop the crypto crackdown?
Stay tuned to find out!
📣📣 COIN BUREAU NEWSFLASH! – (16/08/23)
Here are some of today’s most important headlines:
1️⃣ Binance Connect Shutting Down on Aug. 16 ❌
Crypto Exchange Binance’s regulated buy-and-sell crypto platform ‘Binance Connect’ is reportedly shutting down today.
The news was confirmed by a Binance Spokesperson, who stated,
“At Binance, we periodically review our products and services to ensure that our resources continue to be focused on core efforts that align with our long-term strategy. In the last six years, Binance has grown from being an exchange to a global blockchain ecosystem with multiple business lines. We consistently adapt and modify our business approach in response to changing market and user needs.”
https://cointelegraph.com/news/binance-connect-shutting-down-august-16
2️⃣ Chinese Filecoin Mining Firm Charged for Allegedly Orchestrating $83.3 Million Pyramid Scheme ⚖️
A Chinese Filecoin mining firm and its four executives are reportedly facing a lawsuit at the People’s Court of Pingan County in China for their alleged involvement in an $83.3 million pyramid scheme. Prosecutors allege that the defendants lured customers to pay fees for purchasing mining equipment or leasing mining machines under the guise of mining FIL coins using the company’s platform. The company allegedly managed to secure nearly $100 million from more than 57,000 users.
https://www.theblock.co/post/244929/chinese-filecoin-mining-firm-charged-for-allegedly-orchestrating-83-3-million-pyramid-scheme
3️⃣ Republican Lawmakers Demand Gensler Tell Them How Prometheum Got SEC Approval 🧐
Republicans on the U.S. congressional committee are reportedly demanding Securities and Exchange Commission Chair Gary Gensler to hand over documents related to a license issued to digital asset firm Prometheum. The 23 House Financial Services Committee lawmakers, led by Chair Patrick McHenry (R-N.C.), have sent a signed letter that reads,
“The timing of the approval raises concerns that it was aimed at demonstrating that legislation is not needed because there is a workable regulatory framework for the custody of digital asset securities” adding “While Prometheum claims it is the silver bullet for regulated digital asset offerings, it has not yet served a single customer. It is unclear why FINRA would have chosen to approve a firm with no operating history and no track record of serving customers over all the applications that it has received.”
https://www.coindesk.com/policy/2023/08/15/republican-lawmakers-demand-gensler-tell-them-how-prometheum-got-sec-approval
4️⃣ SwirlLend Disappears With $460K In Apparent Exit Scam on Base and Linea ❗️
According to on-chain analysis from security firm PeckShield, Base and Linea-based DeFi lending platform SwirlLend seems to have executed a $460,000 exit scam, having drained $290,000 in crypto assets from Base and $170,000 from Linea. The SwirlLend team has transferred the drained funds to Ethereum and has deleted all of its social media accounts.
https://www.theblock.co/post/245636/swirllend-rugpull-base-linea
5️⃣ Uzbekistan Permits Two Banks to Issue Crypto Cards 🇺🇿
Uzbekistan-based private banks ‘Kapital Bank’ and ‘Ravnaq Bank’ have reportedly acquired approval from the country’s National Agency for Perspective Projects (NAPP) to participate in the digital sandbox of crypto regulation. The banks are reportedly planning to issue a plastic crypto card called UzNEK powered by Mastercard. UzNEK will integrate the user’s bank account with access to crypto exchange and automated exchange mechanism.
https://cointelegraph.com/news/crypto-uzbekistan-permits-two-banks-to-issue-crypto-cards
📣📣 Announcement!! 📣📣
Guy & The Coin Bureau Team will be at Token 2049 in Singapore!!
The Coin Bureau is an official media partner of Token 2049 and we are looking forward to bringing you loads of exclusive content & interviews from some of the industry's most important voices.
The event is being held from the 13-14 of September at the Marina Bay Sands.
If any of you will be attending, we look forward to meeting you in person 🤝
If you would like to attend, then we also have an exclusive discount on offer for you. Signup below and purchase your Token2049 tickets with a 10% discount!
Buy here 👉 https://go.coinbureau.com/token-2049
We look forward to sharing a lot more of who Guy will be speaking with in the lead-up to the event 🚀
🚨 New Video Alert!! 🚨
Some people like to claim that the anti-CBDC rhetoric is a "conspiracy theory". The idea that a government could use a digital currency to enforce social behaviour, discourage decent and monitor movement is completely unbelievable.
Or is it?
That's because in one of the countries with the very first CBDC in commercial use, these policies could already be being played out.
The Chinese government appears committed to completing the rollout of its digital Yuan and already there are signs that the CCP could use the eYuan as a means enforce further control.
In our video today, we are going to look into exactly what is going on with China's rollout of the eYuan. We are also going to dive into some of the more dystopian features that could included in the coming months.
So, if you want to know just how dangerous CBDCs can be, this is a vid you can't afford to miss!