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🚨Rally Report🚨
DYDX
The price of ethDYDX has rallied by 25% in the past 24 hours.
WHY?!
🎉 The rally comes due to the recent launch of its Cosmos-based layer-1 blockchain. Investors are bullish as the new native chain enables validators to receive a portion of trading revenue as staking rewards.
🚀 The chain is in the process of migrating its ERC-20 ethDYDX tokens to the native token of the Cosmos-based chain. As part of this process, the team has opened voting on a proposal that seeks to decide whether and how to bridge the community and rewards treasuries from Ethereum to dYdX Chain. This will enable governance on the dYdX Chain to fund a Launch incentive program, seed the dYdX Chain insurance fund, distribute trading rewards, and fund other initiatives for the dYdX DAO, among other things.
If you want to buy or trade ethDYDX, we have an exclusive $40K Airdrop Bonus Promo on ByBit as well as 0% maker fees for 30 days!
👉➡️ https://www.coinbureau.com/deals/trading/bybit-cb/
🚨 New Video Alert!! 🚨
Everyone seems to be talking about inflation these days. However, there is an ever more insidious force than inflation and that is shrinkflation.
Over the past few years, companies have been reducing the size of the products that they have been offering to their consumers. Everything from drinks to detergent, crisps to candy.
In the video today, we take a look at some of the worst forms of shrinkflation. We will also explain shrinkflation's evil twin - skimflation.
This is a vid you can't miss!
📣📣 MARKET MOVING NEWS! (14/11/23)
1️⃣ XRP Pumps, Then Dumps on Fake BlackRock Trust Filing 🤡
Earlier today, the price of XRP rallied after fake news about Blackrock creating a statutory trust entity surfaced online. Notably, the reports came after a filing for the registration of a "BlackRock iShares XRP Trust" was submitted to the Delaware Divisions of Corporations and published on its website.
While the filing contained details matching similar BlackRock filings, including the name and address of its registered agent, a Blackrock spokesperson confirmed that the asset manager wasn’t behind the filing. Following this, the price of XRP plummeted.
Source
2️⃣ Lens, Aave's Decentralised Social Media Platform, Launches Major Upgrade on Polygon 🤩
Decentralised social media platform Lens Protocol has reportedly released its "V2" upgrade on Polygon mainnet. Notably, the upgrade introduces a range of new features including multisig-managed profiles and tipping on "smart posts."
Lens Protocol founder and CEO Stani Kulechov stated,
Lens V2 is the next chapter in the evolution of Lens. The goal of V1 was to bootstrap early web3 social networks, resulting in creativity, experimentation and new discovery tools that benefited the Lens ecosystem. With V2, we are moving progressively towards a more modular Lens design, providing social primitives giving builders greater autonomy and flexibility to integrate web3 social, propelling the next wave of innovation.
Source
3️⃣ Crypto Advocacy Group Pushes Back Against Proposed IRS Rules On Brokers 🤔
The Blockchain Association (BA), a U.S.-based crypto advocacy group, has reportedly submitted a comment letter opposing tax regulations proposed by the Internal Revenue Service (IRS). The letter stated that the proposed rules exceeded the IRS’ statutory authority and reflected “fundamental misunderstandings about the nature of digital assets and decentralised technology.” Specifically, the letter stated that many participants in the crypto space would be “fundamentally unable to comply” with the regulations if enacted.
BA CEO Kristin Smith stated,
The Treasury Department should take additional time to understand how damaging and impractical the expanded broker definition would be to developers of decentralized technology in the U.S. Not only that, but Treasury’s proposal constitutes an infringement on the privacy rights of individuals using decentralised technology.
Source
4️⃣ Binance Fake-App Scammers Steal Crypto Funds Via Malicious Skype App: Slowmist 🔎
According to a recent report by blockchain security firm ‘SlowMist’, a new phishing attack involving a fake Skype app has been on the rise. The report highlighted that users who were most vulnerable to this attack belonged to regions such as China, where direct downloads are a substitute for unavailable official app stores.
SlowMist stated,
Due to the inaccessibility of Google Play in China, many users often resort to searching for and downloading apps directly from the internet. However, the types of fake apps available online are not limited to just wallets and exchanges. Social media applications like Telegram, WhatsApp and Skype are also heavily targeted.
Source
5️⃣ Crypto.com Wins Digital Asset License in Dubai 🚀
Dubai’s Virtual Assets Regulatory Authority (VARA) has reportedly granted a Virtual Assets Service Provider (VASP) license to crypto exchange Crypto.com’s Dubai entity ‘CRO DAX Middle East FZE’.
The company stated,
Crypto.com’s VASP Licence is subject to the Company fully satisfying select conditions and localisation requirements defined by VARA, and will be able to commence operations thereafter subject to operational approval notice from the regulator.
Source
6️⃣ Democratic Party of South Korea Mandates Parliamentary Candidates Disclose Crypto Holdings 🇰🇷
According to local media reports, the Democratic Party of Korea has made it mandatory for prospective candidates to disclose their digital asset holdings before the 2024 general election.
🚨 New Video Alert!! 🚨
Time for another weekly crypto review. As you can imagine, there’s a lot to go through.
The spot Bitcoin ETF hype, the Ethereum ETF hype, and all the hype around altcoins, particularly Solana.
The craziest part of it all is that most of this rally has been driven by pure speculation – speculation that an ETF approval is imminent, and that crypto will see billons of dollars of inflows.
This may very well be the case, but there are other factors at play that could pull the crypto market down. For the first time in a while, these factors could be macro in nature.
This is one you need to watch until the end!
🚨Rally Report🚨
CELESTIA
The price of TIA has rallied by 30% in the past 24 hours.
WHY?!
🎉 The rally seems to be coming from bullishness surrounding the modular blockchain narrative.
🚀 Notably, TIA began trading on public exchanges just a couple of weeks ago. The rally seems to come after a steady consolidation phase following its listing.
If you want to buy or trade TIA, we have an exclusive $40K Airdrop Bonus Promo on ByBit as well as 0% maker fees for 30 days!
👉➡️ https://www.coinbureau.com/deals/trading/bybit-cb/
🚨 New Video Alert!! 🚨
Trading crypto is difficult, but only when you don’t have a strategy. There are many crypto trading strategies out there, and most of them are very complex. In reality, they don’t need to be.
If you watch the crypto market cycle, watch what BTC is doing, watch what ETH is doing, watch what altcoins are doing, and pay attention to how these factors affect each other, that’s more than enough.
If you’re still having a hard time understanding all of the above, don’t sweat it – the final part of the video takes you through an example of a potential crypto trading strategy for the medium term.
This is one you don’t want to miss!
https://www.youtube.com/watch?v=cuAz5FKjnDA
Читать полностью…
📣📣 MARKET MOVING NEWS! (11/11/23)
1️⃣ Distressed Crypto Lender Hodlnaut Starts Liquidation In Singapore ⚖️
According to a document published by auditing firm EY, Singapore-based crypto lending firm Hodlnaut will be liquidated by its previously appointed judicial managers Aaron Lee and Angela Ee. Notably, Hodlnaut has previously tried to avoid liquidation but was met with resistance from creditors.
Source
2️⃣ Poloniex Exchange Suffers $100M Exploit, Offers 5% Bounty 🥶
According to several blockchain security firms, a crypto wallet belonging to the digital asset exchange Poloniex has been exploited as on-chain data shows as much as $100 million in crypto assets being drained by the attackers. The blockchain security firm CertiK stated that the incident was likely due to a “private key compromise.”
Tron founder Justin Sun, who acquired the exchange in 2019, has tweeted that the team is investigating the hacking incident. Sun also assured users that the exchange will fully reimburse them for any loss of funds. Sun also offered a 5% white-hat bounty to the Poloniex hacker in exchange for returning the stolen funds within seven days, failing which they will resort to legal recourse.
Source
3️⃣ China Declares Stealing Digital Collections Like NFTs Liable for Criminal Theft Sentence 🇨🇳
In a statement released yesterday, the Chinese government declared that anyone stealing digital collections, including NFTs, will be criminally charged with theft. Notably, the statement outlines three views on the type of crime that theft of digital collections falls under, the first two classifying it as either data or digital property, while the third view, which sees digital collections as both data and virtual property, would fall under the umbrella of “co-offending.”
The statement reads,
Since property is the object of property crime, digital collections can obviously become the object of property crime. If the digital collection is stolen by intrusion into the system or other technical means, the act also damages the property law.
Source
4️⃣ Raft Suffers $3.3M Exploit That Drove Down Stablecoin 50%, but Hacker Likely Lost Money on Attack 📉
DeFi platform Raft has reportedly paused the minting of its stablecoin known as ‘R’ after it suffered a "security vulnerability" that resulted in the loss of approx. $3.3 million in ETH yesterday afternoon.
However, it appears the attacker may have suffered a loss on the exploit. On-chain data shows that the attacker drained 1,577 ETH from Raft, then sent 1,570 ETH to a burn address – leaving only 7 ETH for themselves. After deducting the cost of transactions, this brings the attacker’s net profit to minus 4 ETH.
Source
📣📣 MARKET MOVING NEWS! (10/11/23)
1️⃣ CME Topples Binance as Top Bitcoin Futures Exchange as Crypto ETF Excitement Soars 🚀
The Chicago Mercantile Exchange (CME) has reportedly overtaken crypto exchange Binance for the top spot on the list of the biggest BTC futures exchanges. Notably, CME has surpassed Binance for the first time in two years. According to data on CoinGlass, CME ranked first among futures and perpetual futures exchanges with an open interest (OI) of roughly $4.07 billion and a market share of 24.7%. Binance, on the other hand, had an OI of roughly $3.8 billion, down 7.8% during the same period.
David Lawant, the head of research at trading platform FalconX, stated
The CME has been gaining market share for almost all of 2023, but these gains intensified over the past few weeks as market excitement around the BTC spot ETF applications soared. Given the CME is a venue used almost exclusively by large traditional financial institutions, it shows how much interest there has been from this audience in crypto.
Source
2️⃣ OneCoin Legal Chief Pleads Guilty to Role in CryptoQueen's $4 Billion Fraud 👮♂️
Irina Dilkinska, the former head of legal and compliance at OneCoin, has reportedly pled guilty to wire fraud and money laundering charges in a Manhattan federal court. Specifically, Dilkinska admitted to helping launder $110 million in illicit profits generated through OneCoin's global multi-level marketing network. Dilkinska faces up to five years in prison on each count when she is sentenced in February 2024.
U.S. Attorney Damian Williams stated,
As OneCoin’s so-called ‘Head of Legal and Compliance’ Irina Dilkinska accomplished the exact opposite goal of her position. As she has now admitted, Dilkinska facilitated the laundering of millions of dollars of illicit profits OneCoin accrued through its multi-level-marketing scheme. The dedicated prosecutors of this Office and our law enforcement partners will continue to pursue this important case until every defendant is brought to justice.
Source
3️⃣ Nasdaq Files for Blackrock's Proposed iShares Ethereum Trust ETF ❗️
According to a recently made 19b-4 filing, BlackRock has confirmed plans to create a spot ether ETF. The Nasdaq filing for the “iShares Ethereum Trust” comes just hours after BlackRock filed to register an entity in Delaware. The proposed ether ETF would reportedly use Coinbase Custody Trust Company as a custodian and the CME CF Ether-Dollar Reference Rate - New York Variant to track price.
The filing reads,
The investment objective of the Trust is to reflect generally the performance of the price of ether […] Given that the Commission has approved ETFs that offer exposure to ETH futures, which themselves are priced based on the underlying spot ETH market, the Sponsor believes that the Commission must also approve ETPs that offer exposure to spot ETH, like the Trust.
Source
4️⃣ Court Confirms Celsius Bankruptcy Exit Plan, $2B In Crypto to Go to Creditors ⚖️
Judge Martin Glenn of the Southern District of New York Bankruptcy Court has reportedly approved Celsius’ bankruptcy plan involving the use of a mining firm to pay back creditors. Under the plan, around $2 billion in Bitcoin and Ether will be redistributed to Celsius creditors along with equity in NewCo – a new company that will expand the existing mining operations of former crypto lender Celsius managed by the Fahrenheit Group, the consortium that made the winning bid to acquire Celsius’ assets in May. The company has said it hoped to begin reimbursement of creditors by the end of the year.
Source
5️⃣ EU Parliament Approves Data Act With Smart-Contract Kill Switch Provision ❌
According to local media reports, the Taipei District Prosecutors Office (TDPO) has requested Chang Tung-ying, the chief partner at JPEX’s office in Taiwan, to be held in custody over alleged fraud. Along with Chang, the authorities identified JPEX lecturer Shih Yu-sheng (also called Shi Yu) as a suspect in the case for violating the Banking Act and the Money Laundering Control Act.
Source
🚨Rally Report🚨
SUI NETWORK
The price of SUI has rallied by 8% in the past 24 hours.
WHY?!
🎉 Investors are bullish after Sui announced that it was partnering with Microsoft-backed ‘Space and Time’ platform to bring zero knowledge proofs-based technology to blockchain games.
🚀 Notably, the partnership will allow game developers to enable on-chain transactions for in-game activity.
If you want to buy or trade SUI, we have an exclusive $40K Airdrop Bonus Promo on ByBit as well as 0% maker fees for 30 days!
👉➡️ https://www.coinbureau.com/deals/trading/bybit-cb/
🚨 New Video Alert!! 🚨
It was one of the biggest money laundering scandals in recent memory. Billions of dollars that had been generated through illicit means which ended up in expensive villas, luxury cars, watches and Birkin bags.
And it's one of those news stories that seems to have been buried amoungst all the other headlines that have been taking over.
But in our video today, we are going to break down a case that has embarrassed one of Asia's biggest financial hubs. A case that has seen over 12 people arrested and numerous hard questions been asked.
This scandal is exactly what we are going to be covering in our video today - enjoy!
📣📣 MARKET MOVING NEWS! (08/11/23)
1️⃣ Ripple Broadens Remittances Between Africa, Gulf States, UK and Australia 🤝
Crypto payments giant Ripple has reportedly partnered with the African payments fintech firm ‘Onafriq’ to power new payment corridors between 27 African countries and Australia, the United Kingdom and the Gulf Cooperation Council (GCC).
Monica Long, President at Ripple, stated
Onafriq is a major payment player in Africa that serves 400 million mobile wallets. We are excited about this because it also contributes to Ripple payments being able to cover 90% of FX markets [….] Our set of licenses means we can serve a bigger market. Previously, we only served licensed financial institutions and now we're able to serve enterprises and SMEs. So for example, importer/exporters and paying suppliers overseas, or paying employees in a company that has freelance developers in different parts of the world.
Source
2️⃣ Stablecoin Issuer Circle Internet Considering 2024 IPO 🚀
According to a Bloomberg report, USDC issuer Circle Internet Financial Ltd is considering an initial public offering (IPO) in early 2024. Circle is reportedly talking to advisers about the matter and there’s no certainty that it will decide to proceed with a listing. Notably, Circle had first agreed to go public in a $4.5-billion merger with Concord Acquisition in July 2021. However, that deal fell through and Circle was valued at $9 billion when it tried to go public in a blank-check deal in 2022. It remains to be seen how much Circle would seek to be valued if there is a potential IPO next year.
Source
3️⃣ Coinbase Beefs Up Its Global Advisory Council With 4 National Security Experts 💪
Crypto exchange Coinbase has reportedly added four national security experts to its Global Advisory Council. The four new members are Dr. Mark T. Esper - former U.S. Secretary of Defence, Stephanie Murphy - former Florida congresswoman and national security specialist at the Defense Department, Frances Townsend - former Counterterrorism and Homeland Security Advisor to President George W. Bush, and David Urban - lobbyist and senior advisor to Donald Trump’s 2016 presidential campaign. The new members will reportedly help the crypto exchange assess the impact of regulatory uncertainty in the United States.
Source
4️⃣ Kazakhstan Blocks Coinbase, Alleges Digital-Assets Law Violations ❌
According to local media reports, the Ministry of Culture and Information of the Republic of Kazakhstan (MCI) has officially blocked access to the Coinbase website within the country, citing violations of a new digital assets law. Specifically, the MCI stated that Coinbase's crypto trading service directly conflicts with paragraph 5 of Article 11 of its Law on Digital Assets
Responding to the move, a Coinbase spokesperson stated,
As part of Coinbase's ambition to be the world’s most trusted and secure crypto platform, we strive to work collaboratively with policymakers and regulators. While this particular matter is still being investigated, the fundamentals remain: Coinbase is committed to compliance in all jurisdictions in which it operates. We do not maintain a physical presence in Kazakhstan and had not received any notification from the Kazakh government prior to this announcement.
Source
5️⃣ U.S. Consumer Finance Watchdog Wants to Oversee Major Tech, Some Crypto Payments ❗️
The U.S. Consumer Financial Protection Bureau (CFPB) has reportedly proposed a new rule that will allow the regulator to supervise large nonbank payment providers including some subsectors of crypto transactions. Notably, the rule is part of a larger move by the agency to extend its supervision to consumer reporting, consumer debt collection, student loan servicing, international money transfers and automobile financing.
CFPB stated,
Big Tech and other companies operating in consumer finance markets blur the traditional lines that have separated banking and payments from commercial activities. The CFPB has found that this blurring can put consumers at risk.
Source
https://www.youtube.com/watch?v=NzFj5ABbDSM
Читать полностью…
📣📣 MARKET MOVING NEWS! (07/11/23)
1️⃣ Kraken Said to Seek Partner to Help Build Its Layer 2 Blockchain Network 🚀
According to a CoinDesk report, U.S. crypto exchange Kraken is considering several of the leading blockchain technology firms to help launch its own layer 2 network. Notably, the move seems to follow the lead of rival exchange Coinbase which launched ‘Base’, its Layer 2 in February of this year. The list of potential partners being considered includes Polygon, Matter Labs and Nil Foundation among others.
Source
2️⃣ Visitors Report Eye Burn Issues After Attending a Bored Ape NFT Event in Hong Kong 👁
Attendees of ApeFest - an event hosted by BAYC creator Yuga Labs in Hong Kong, have reported experiencing extreme eye pain that's prompted some of them to visit the hospital. According to an emailed statement sent by an official Yuga Labs spokesperson, the firm found that only “15 people” representing less than 1% of the total number of attendees at the event were affected by the issue.
One attendee tweeted,
To all my friends who suffer now: go get your eyes checked. You’ve likely most literally got your eyes burnt with UV like I did, which requires medications, eye drops, eye protection, antibiotics, and specialist care. Don’t ignore this health hazard. Without proper treatment, it may cause long-lasting vision impairment and other serious damage.
Source
3️⃣ Conflux Multichain Protocol Shuts Down After 2 Years ❌
ShuttleFlow, the ecosystem multichain protocol operated and maintained by Conflux Foundation will reportedly be shut down and transferred to Web3 studio Zero Gravity, which will continue to develop the protocol under a new brand. Notably, the move comes just two years after its launch. According to the announcement, the ShuttleFlow dapp will remain partially operational until January 2024 to allow users who have bridged assets but have not yet claimed them to retrieve their assets.
The announcement states,
All user funds are secure and will be migrated from ShuttleFlow to Zero Gravity. Users who have previously bridged through ShuttleFlow and completed the claim of their bridged assets on the destination chain do not need to undergo any additional operations for the migration. After ShuttleFlow shuts down its bridging, users can bridge through Zero Gravity’s official dApp or continue using the bridging aggregator, which will integrate Zero Gravity when launched.
Source
4️⃣ Bitcoin, Ethereum and Other Crypto Funds Nab $767 Million in Just 6 Weeks: Coinshares 🔎
According to the latest Coinshares report, digital asset investment products recorded net inflows for the sixth consecutive week. Specifically, we saw $261 million of net inflows last week, bringing the total inflows over the past six consecutive weeks to $767 million. Notably, this has surpassed all of 2022’s $736 million inflows.
Source
5️⃣ European Crypto Tax Platform Blockpit Acquires Rival Accointing For 'Multi-Million' Dollars 💰
Austria-based crypto tax software provider Blockpit has reportedly acquired Accointing from Glassnode in a multimillion-dollar cash deal with no share swap.
A Glassnode representative stated,
Glassnode will exit the crypto tax space with the sale of Accointing to Blockpit. We have used the last months to reshape our infrastructure, enabling our move into DeFi data solutions and expansions into other digital asset ecosystem areas in the future. After having built the leading on-chain data platform for Bitcoin and Ethereum, we are currently expanding our product offering into DeFi. Our aim is to equip Institutions with DeFi data and tools that help them to trade in and navigate the DeFi space.
Source
https://www.youtube.com/watch?v=P6PpFUlKNhY
Читать полностью…
The disclosure is reportedly part of the party’s effort to show the “high moral standards” of its candidates. While there don’t seem to be any consequences expressly laid out for holding crypto, the party stated that it will cancel that person’s candidature if they make a false report. The information provided by prospective candidates will be made available to the public on a separate online platform featuring details of their careers, educational background and legislative activity plans.
Source
https://www.youtube.com/watch?v=jCdDk3G95zY
Читать полностью…
📣📣 MARKET MOVING NEWS! (13/11/23)
1️⃣ THORChain Becomes Third-Largest DEX as RUNE Surges 50% in a Week 📈
According to data from DefiLlama, decentralised exchange THORChain recorded the third-largest trading volume among decentralised exchanges in the last week. Specifically, THORChain’s trading volume hit $1.32 billion, third only behind Uniswap and PancakeSwap at $10.85 billion and $2.77 billion respectively.
The reason for the surge in trading volume seems to be the high yield offered adjacent to its native token, RUNE. Notably, this has also resulted in the price of RUNE increasing 51% over the last week and more than 200% over the last 30 days.
Source
2️⃣ South Korea’s Bithumb Eyes IPO in Second Half of 2025 🏦
According to local news reports, the South Korean crypto exchange Bithumb is planning to go public on the KOSDAQ (South Korea’s Nasdaq) with an expected listing date set for sometime in the second half of 2025. If successful, this will make Bithumb the first digital asset company to go public on the South Korean stock market. While Bithumb declined to confirm whether it was going ahead with an IPO, it admitted that it had recently selected Samsung Securities as its potential IPO underwriter.
Source
3️⃣ Crypto Wallet Loses $27 Million In Stablecoins in Apparent Hack: ZachXBT ❗️
According to on-chain sleuth ZachXBT, a crypto wallet with apparent links to crypto exchange Binance was drained of $27 million in USDT yesterday. Specifically, ZachXBT commented that that the wallet was linked to Binance as it had received funds from a wallet tagged by Etherscan as a Binance smart contract deployer address in May 2019. The stolen assets have reportedly been laundered through a variety of services and transferred to Bitcoin via THORChain.
Source
4️⃣ XRPL’s fixReducedOffersV1 Upgrade Initiates 80% Consensus Countdown 🚀
XRP Ledger’s (XRPL) “fixReducedOffersV1” upgrade having reportedly received approval from over 80% of validators. Notably, this is a significant upgrade which seeks to minimize the prevalence of order books obscured by reduced offers, enhancing the overall functionality of the XRPL. The upgrade is now in a two-week activation countdown phase.
Source
5️⃣ Hackers Claim to Have Compromised Bankrupt Bitcoin ATM Firm Coin Cloud 🥶
According to a tweet by cybersecurity expert vx-underground, an unidentified hacking group claims to have stolen sensitive personal information of the 300,000 customers of Coin Cloud, a Bitcoin ATM firm which operated over 4,000 machines in the U.S. and Brazil. The hacking group also claims to have stolen the source code of Coin Cloud's backend system.
Specifically, the sensitive personal information claimed to be stolen includes customers’ selfies, their Social Security numbers, name, address, date of birth, occupation, phone number, and more. These claims were reportedly made by the unidentified hacker in private channels and that the leaked database may be posted online soon.
Source
https://www.youtube.com/watch?v=1wO9NPZ5t8s
Читать полностью…
📣📣 MARKET MOVING NEWS! (12/11/23)
1️⃣ FTX Sues ByBit to Claw Back Nearly $1 Billion; Alleges 'Fraudulent Scheme' ❗️
The bankruptcy estate of defunct crypto exchange ‘FTX’, headed by CEO John J. Ray III, has reportedly filed a lawsuit against ByBit, its investment arm Mirana, and various executives. Specifically, the lawsuit seeks to claw back cash and digital assets worth nearly $1 billion which ByBit withdrew from FTX on the eve of its collapse using its “VIP” access. Notably, the lawsuit claims ByBit has restricted the FTX estate from withdrawing assets worth more than $125 million that it holds on the ByBit exchange, in an attempt to recover a remaining balance of $20 million it was unable to withdraw from FTX before its collapse.
Source
2️⃣ Bitcoiners Pitch Draft Bill to Preserve Blockchain, Decentralization In Argentina 🔎
Ricardo Mihura, the president of the non-government organisation ‘Bitcoin Argentina’, has reportedly proposed a draft bill that seeks to regulate the cryptocurrency market in a way that maintains decentralisation and strengthens public trust. Notably, Bitcoin Argentina had previously denied the need for regulation in the industry. However, Bitcoin advocates now argue it is necessary to not only protect the blockchain but also to hold bad actors accountable within the limits of the law.
Mihura stated,
We have always rejected attempts to regulate the crypto economy, but this time we set ourselves the goal of giving a positive response, with only two purposes: preserving decentralisation and protecting savings and public trust. We cannot close our eyes to the number of dishonest actors and projects that circulate with the blockchain brand.
Source
3️⃣ Indian Supreme Court Rejects Crypto Petition, Highlights Legislative Nature ⚖️
The Supreme Court of India has reportedly declined to consider a Public Interest Litigation (PIL) that sought to establish regulations and a framework of guidelines for cryptocurrency trading in India.
Specifically, the bench headed by Chief Justice D.Y. Chandrachud stated the petitioner’s demands were more legislative by nature and therefore out of the ambit of the judicial arm of the country. The Supreme Court also noted that despite the petitioner filing a PIL requesting regulations and guidelines for cryptocurrency and its trading, the underlying objective was to secure bail since Manu Prashant Wig, the petitioner, is currently held in custody by the Delhi Police in connection to their involvement in an allegedly fraudulent cryptocurrency investment scheme.
Source
4️⃣ Key Witness at Sam Bankman-Fried Trial to Launch New Crypto Exchange 🚀
Former FTX general counsel Can Sun is reportedly teaming up with Armani Ferrante, the creator of Solana based wallet ‘Backpack’, to create and run a new crypto exchange called ‘Backpack Exchange.’
Notably, ‘Backpack Exchange’ will be run by ‘Trek Labs’ – a Dubai-based legal entity led by Can Sun, Armani Ferrante and Ferrante’s wife who was also the former legal deputy of Sun. Trek Labs reportedly received a license from the emirate’s crypto regulator last month and is looking to sell a 10% stake to investors at a valuation of over $100 million.
Source
🚨 New Video Alert!! 🚨
Have you ever wondered what it would be like to live in a cashless society?
Depending on where you live, chances are you’re already living in something close to one already without realising it.
There’s just one caveat, and that’s that not all cashless societies are created equal. On the one hand, you have countries that are pushing for CBDCs, and others that are pushing for crypto.
A cashless society of some kind seems inevitable. The only question is if it will result in financial slavery or financial freedom. Today’s video will explain how to avoid the former and ensure the latter.
This is one that you don’t want to miss!
Yesterday, members of the European Parliament reportedly voted to approve a Data Act containing a controversial clause that could make most smart contracts unlawful. According to official sources, the legislation received 481 votes in favour and 31 votes against. The legislation now needs formal approval from the European Council, a body comprising the 27 member nations' heads of state, to pass into law.
Source
🚨Rally Report🚨
ORDI
The price of ORDI has rallied by 41% in the past 24 hours.
WHY?!
🎉 ORDI’s recent rally comes as a result of its recent listing on the crypto exchange Binance.
🔎 Notably, during the first few days of its listing, Binance inaccurately described the ORDI token to be affiliated with Casey Rodarmore’s Ordinals protocol. While the description has since been fixed, the price of ORDI continues to rally.
If you want to buy or trade ORDI, we have an exclusive $40K Airdrop Bonus Promo on ByBit as well as 0% maker fees for 30 days!
👉➡️ https://www.coinbureau.com/deals/trading/bybit-cb/
📣📣 MARKET MOVING NEWS! (09/11/23)
1️⃣ 12 Bitcoin ETFs Have 'Brief Window' for SEC Approval Starting Tomorrow 🤔
According to Bloomberg analysts James Seyffart and Eric Balchunas, the United States Securities and Exchange Commission could approve all 12 pending spot Bitcoin exchange-traded fund (ETF) applications within the next eight days. However, the Bloomberg ETF analysts stressed this was only a possibility and that it was more likely for the applications for to be approved after Jan 10th next year. Their rationale behind the ETFs being potentially approved in the next 8 days was that SEC had issued delay orders for “BlackRock, Bitwise, VanEck, WisdomTree, Invesco, Fidelity & Valkyrie at the same time” while selecting Nov. 8 as the last day of the comment period.
Source
2️⃣ SEC Chair Gensler Says Rebooted FTX Run By Ex-NYSE Chief Is Possible If Done ‘Within The Law’ 🔎
SEC Chair Gary Gensler seems to have given his blessing for potential new management to revive the bankrupt crypto exchange FTX. Specifically, he made comments expressing the same in response to reports that Tom Farley, a former president of the New York Stock Exchange, was now in the running to buy the bankrupt cryptocurrency exchange.
Gensler stated,
If Tom or anybody else wanted to be in this field, I would say, ‘Do it within the law.’ Build the trust of investors in what you’re doing and ensure that you’re doing the proper disclosures — and also that you’re not commingling all these functions, trading against your customers. Or using their crypto assets for your own purposes.
Source
3️⃣ Crypto Exchange CoinSpot Reportedly Suffers $2M Hot Wallet Hack ❗️
According to a recent post by the on-chain sleuth ‘ZachXBT’, Australian crypto exchange CoinSpot has been hacked for $2.4 million in a “probable private key compromise” involving at least one of its hot wallets. Specifically, ZachXBT pointed at two transactions as evidence. The first transaction shows 1,262 ETH leaving Coinspot's wallet for a presumed attacker's address and the second one shows that another 20.99 ETH was sent to the same address. The attacker's wallet then seems to swap the ETH for wrapped bitcoin, USDC and USDT, using Uniswap, THORchain and WBTC smart contract.
Source
4️⃣ Near Foundation Launches Two New Tools To Help Web3 Builders ⚒
The Near Foundation, the developer behind the Near protocol, has recently announced the launch of two new products aimed at giving web3 builders better tools for developing blockchains.
The first product ‘zkWASM’ is a zero-knowledge prover for WebAssembly blockchains being built in partnership with Polygon Labs. The product seeks to improve trustless interoperability between Near, Ethereum and the broader web3 ecosystem. The second product ‘Near Data Availability layer’ seeks to provide Ethereum rollup developers data availability, forgoing the steep costs of posting data.
Source
5️⃣ Binance Rolls Out Its First Ever Self-Custody Web3 Wallet 🚀
At the Binance Blockchain Week conference in Istanbul, CEO Changpeng 'CZ' Zhao announced the crypto exchange was launching ‘Binance Web3 Wallet’ – a non-custodial hot wallet available to all users via the Binance mobile app. To ensure security and recovery, the wallet reportedly uses MPC technology which breaks the user’s private keys into three smaller parts known as key shares.
CZ stated,
Web3 wallets represent more than just storing digital assets; they are an integral part of the Web3 framework, empowering individuals with the ability for self-sovereign finance […] Binance’s Web3 Wallet lowers the barriers of entry for users to achieve full self-custody of their assets, and it is an important, convenient bridge towards DeFi empowerment. Ultimately, our priority is to ensure users can explore Web3 with us within a user-friendly and protected environment.
Source
6️⃣ JPEX Taiwan Chief Partner Detained for Alleged Fraud 👮♂️
https://www.youtube.com/watch?v=wYjB3qGPI2Y
Читать полностью…
6️⃣ Coatue Management Cuts Value of OpenSea Stake by 90% as Fund’s Returns Sag 📉
According to a report by ‘The Information,’ American tech-focused investment manager ‘Coatue Management’ has marked down its stake in NFT marketplace OpenSea by nearly 90%. This implies that the on-paper valuation of OpenSea has fallen from $13.3 billion to $1.4 billion.
Source
🚨Rally Report🚨
TONCOIN
The price of TON has rallied by 11% in the past 24 hours.
WHY?!
🎉 The recent rally is likely triggered by a rise in positive sentiments triggered by the recent Telegram trading bot meta. TON also set a new world record last week by achieving an impressive high of 104,715 transactions per second.
🚀 Additionally, Telegram founder Pavel Durov recently announced that he purchased 10,000 semi-annual premium subscriptions worth $ 200,000 using Toncoin for a giveaway.
If you want to buy or trade TON, we have an exclusive $40K Airdrop Bonus Promo on ByBit as well as 0% maker fees for 30 days!
👉➡️ https://www.coinbureau.com/deals/trading/bybit-cb/
🚨 New Video Alert!! 🚨
Can Bitcoin reach $120,000? ETH to $5,000? Or SOL to $3,200?
These are some of the price predictions that have been presented by several institutional research reports.
Indeed, the recent rally that we have seen in numerous different altcoins has seen a proliferation of these types of reports.
However, are they realistic?
Well, that's exactly what we will be looking at in the video today. We will be diving into each of these explaining exactly how they have come to their respective predictions. We will also analyse how likely they are as well as sharing our own thoughts on these predictions.
So, if you are holding Bitcoin or any other alts right now, then this is a vid you need to watch.
Enjoy!
🚨Rally Report🚨
BLUR
The price of BLUR has rallied by 20% in the past 24 hours.
WHY?!
🎉 Investors are bullish over Blur after a recent Nansen report stated that NFT volume has been on a steady rise over the past five weeks. Notably, the report states that Blur accounted for a majority of the volume over the past five weeks.
🚀 This pump was further fuelled by rival NFT marketplace OpenSea’s recent announcement about laying off half of its staff.
If you want to buy or trade BLUR, we have an exclusive $40K Airdrop Bonus Promo on ByBit as well as 0% maker fees for 30 days!
👉➡️ https://www.coinbureau.com/deals/trading/bybit-cb/