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🚨 New Video Alert!! 🚨
It’s been a while since we’ve done an altcoin update, and we figured it was only appropriate that we break the ice with the hottest crypto on the market: Solana.
Solana’s SOL has rallied like mad over the last few months, and it has everyone wondering why and where this crypto project could be headed next.
In today’s video, we bring you up to speed on what’s been going on with Solana, and even give our prediction on high SOL could go in the long term.
This is a video you don’t want to miss!
📣📣 MARKET MOVING NEWS! (30/11/23)
1️⃣ U.S. Treasury Campaigning for Amplified Powers to Chase Crypto Overseas 🔎
The U.S. Department of the Treasury is reportedly asking Congress to give it more authority to go after illicit actors in the digital asset industry, including the ability to roam well beyond American borders and get involved with transactions that don't involve its citizenry. Specifically, the Treasury proposed enacting legislation that would grant OFAC special jurisdiction over non-U.S. stablecoin issuers, such as Tether.
Deputy Secretary of the Treasury Wally Adeyemo stated,
We are calling on Congress to create a secondary sanction regime that will not only cut off a firm from the U.S. financial system, but will also expose any firm that continues to do business with the sanctioned entity to being cut off from the U.S. financial system. This is a significant tool we do not request lightly. But we need to do everything in our power to make sure that groups like Hamas are not able to find safe haven within the digital asset ecosystem.
Source
2️⃣ Crypto Exchange FTX Gets Nod to Sell $873M Of Assets to Repay Creditors ⚖️
According to a Nov. 29 filing in a Delaware bankruptcy court, bankrupt crypto exchange FTX was granted approval to sell its trust assets, including shares of Grayscale Investments, valued at $807 million, and custody service provider Bitwise, valued at $66 million. Notably, the approval comes nearly four weeks after FTX debtors filed a motion to Judge John Dorsey requesting the sale of the six cryptocurrency trusts - including Grayscale Bitcoin Trust, Grayscale Ethereum Trust, Bitwise 10 Crypto Index Fund, Grayscale Ethereum Classic Trust, Grayscale Litecoin Trust and Grayscale Digital Large Cap Trust.
Source
3️⃣ Bitcoin Ordinals Marketplace Bioniq Launches—On Internet Computer 🚀
Polychain Capital-backed Bioniq is reportedly launching a Bitcoin Ordinals marketplace on the Internet Computer blockchain - a layer-1 blockchain developed by Dfinity that offers integrations with Bitcoin. Notably, Bioniq states that its marketplace is aimed at reducing trading costs and congestion on the Bitcoin network.
Bioniq CEO and co-founder Bob Bodily stated,
No major platform or marketplace has been developed yet dedicated to supporting the Bitcoin Ordinals market on a separate Layer 1 without gas or network fees that can scale. While the new Ordinals movement will bring more utility to the BTC network, it also brings congestion and higher network fees.
Source
4️⃣ Crypto Mixer Sanctioned by U.S. Treasury for North Korea Allegations, as FBI, Dutch and Finnish Police Seize Website 👮♂️
The United States Treasury Department’s Office of Foreign Assets Control (OFAC) has reportedly imposed sanctions on cryptocurrency mixer Sinbad, alleging the platform was responsible for laundering funds for the North Korea-based hacking group Lazarus. Sinbad's website was also seized by the FBI, Dutch Financial Intelligence and Investigation Service (FIOD), Openbaar Ministerie (the Netherlands' public prosecutor's office) and Finnish National Bureau of Investigation.
Wally Adeyemo, deputy secretary of the Treasury stated,
Mixing services that enable criminal actors, such as the Lazarus Group, to launder stolen assets will face serious consequences. The Treasury Department and its U.S. government partners stand ready to deploy all tools at their disposal to prevent virtual currency mixers, like Sinbad, from facilitating illicit activities.
Source
5️⃣ Binance Ending Support of BUSD Stablecoin In December 🏦
Crypto exchange Binance is reportedly ending support for its BUSD stablecoin on Dec. 15th. Notably, the move follows the crypto exchange’s August announcement to "gradually" phase out support for the BUSD stablecoin by Feb. 2024. While users will be able to redeem their BUSD until February 2024, the crypto exchange stated that it would halt withdrawals on Dec. 31 and any remaining BUSD balances will at that point be automatically converted to FDUSD, a stablecoin issued by FD121 Ltd.
Source
https://www.youtube.com/watch?v=PCo4ritKQ3U
Читать полностью…
According to a Bloomberg report, ailing Thai crypto exchange Zipmex’s latest restructuring plan proposes to repay creditors about 3.35 cents per dollar for initial claims. It also added that payouts could rise to as high as 29.35 cents on the dollar depending on recoveries in relation to its debt restructuring plan. Major creditors have opposed the proposal and are seeking for an independent review of the reasons behind recent shifts in Zipmex’s assets and liabilities shown in the document.
Source
🚨Rally Report🚨
SEI
The price of SEI has rallied by 30% in the past 24 hours.
WHY?!
🤔 The rally comes from speculative trading activity by South Korean traders on Upbit.
💰 Part of a larger rally that came after USDC issuer Circle announced a strategic investment into SEI.
If you want to buy or trade SEI, 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!! 🚨
Binance has a new CEO following CZ's departure, and it's safe to say his in-tray is looking pretty full. The new man in charge is Richard Teng and he's just become one of the most powerful - and busiest - people in crypto.
We were able to get the first filmed interview with Richard following his appointment as CEO, when he sat down with Jessica to answer some pressing questions. Top of the agenda was what the recent settlement with US authorities means for Binance and its customers.
They also discussed what Binance will look like under a new regime; how the company will avoid repeating past mistakes and what the future holds - both for it and for BNB.
This is a great opportunity to hear directly from the man himself about how he intends to take Binance forward into a new era.
Rest assured, this will have massive implications for the entire crypto space, so, this is a video you don't want to miss!
🚨Rally Report🚨
FTX TOKEN
The price of FTT has rallied by 14% in the past 24 hours.
WHY?!
🔎 The rally seems to be fuelled by speculation surrounding the possible revival of the defunct crypto exchange.
🤔 Another possible factor influencing the rally could be the recent news about Binance’s settlement with the SEC and the guilty plea of its former CEO Changpeng Zhao. Just yesterday, the Wall Street Journal published a report stating that the SEC was still investigating Binance’s U.S. subsidiary for evidence of an FTX-style fraud.
If you want to buy or trade FTT, 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!! 🚨
If you work in crypto, every day feels like a Monday, but the weekly review only comes once a week!
In today’s edition, we cover BTC’s gradual rise, ETH’s urge to follow suit, and the Binance settlement.
Of course, we’d be remiss if we didn’t cover the banking crisis that’s been going on in the background. At the same time, central banks appear to be papering over the problem with printed money.
Last but not least we take a look at some of last week’s top performing cryptos and where they could be headed next. Spoiler: if BTC can hold its current levels, we could see a full-blown alt season.
Watch until the end to find out why!
📣📣 MARKET MOVING NEWS! (27/11/23)
1️⃣ Circle Seeks to Expand USDC Presence in Japan with SBI Holdings 🏦
USDC issuer Circle has reportedly signed a Memorandum of Understanding with Japanese securities and banking giant SBI Holdings to expand its presence in Japan. Notably, the partnership follows the Japanese government’s recent revision of the Payment Services Act to establish regulations for stablecoins.
Circle believes the revision will “stimulate the issuance and circulation of stablecoins in Japan and advance Japan’s transition towards a Web3 economy.” Under the partnership, SBI Holdings will seek registration as an electronic payment instruments service in order to initiate the circulation of USDC into Japan.
Source
2️⃣ ATOM Slips 4% as Founder Pushes for Cosmos Fork After Inflation Vote 📉
The price of Cosmos Hub’s native token ATOM has fallen by more than 4% after founder Jae Kwon proposed a hard fork of the cryptocurrency. Notably, the move follows the recent passing of a community vote to slash the inflation of ATOM to 10% annually.
Specifically, Kwon plans to split and establish a new network, AtomOne, with the associated token, ATOM1. According to Kwon’s proposal, most of the genesis supply of ATOM1 will be given to those who opposed the ‘inflation slashing’ proposal. Meanwhile, those who voted yes to the proposal will be “slashed.” The Interchain Foundation will also not be included in the airdrop.
Source
3️⃣ Blast’s Marketing Approach ‘Cheapens The Work Of A Serious Team’ — Paradigm 🤔
Crypto VC firm Paradigm’s head of research Dan Robinson has addressed the firm’s involvement with the recent launch of Blast, criticising the project’s marketing strategy and claiming the startup “crossed lines in both messaging and execution.”
Specifically, Robinson disagrees with Blast’s decision to launch a time-locked bridge before its layer-2 network. He stated,
We at Paradigm think the announcement this week crossed lines in both messaging and execution. For example, we don’t agree with the decision to launch the bridge before the L2, or not to allow withdrawals for three months, since we think it sets a bad precedent for other projects. We also think much of the marketing cheapens the work of a serious team. We backed Pacman and his cofounder because they demonstrated an ability to build great products over many years, starting with Namebase, one of Paradigm’s first investments. […] We invest in strong, independent founders who we don’t always agree with. But we understand that people may look to us to set an example on best practices in crypto. We don’t endorse these kinds of tactics and take our responsibility in the ecosystem seriously.
Source
4️⃣ Bitcoin User Claims to Be Victim of Hack Which Led to Record $3 Million Transaction Fee 🧐
The user of the Bitcoin wallet which recently made headlines for paying a record-breaking $3 million transaction fee last week has published a tweet claiming they were hacked.
Specifically, the self-proclaimed victim tweeted under a new X account with a handle similar to the fee amount paid, “@83_5BTC.” The tweet reads,
I created a new cold wallet, transferred 139 BTC to it and it got transferred out to another wallet immediately. I can only imagine that someone was running a script on that wallet and that the script had a weird fee calculation. 55 BTC gone forever. 83.5 BTC to be decided
In order to verify their claim of being the owner of the wallet, 83_5BTC signed a message from the Bitcoin address in question saying, "@83_5BTC is the owner of the funds that paid the high fee." This signature was verified by Mononaut, the pseudonymous developer behind the Bitcoin explorer Mempool. It remains to be seen if AntPool, the miner who mined the transaction in question, would reimburse the fee to the supposed ‘victim’.
Source
5️⃣ Inferno Drainer Says It’s Shutting Down After Helping Steal $70M In Crypto ❗️
https://www.youtube.com/watch?v=PZwvgCtJx1k
Читать полностью…
📣📣 MARKET MOVING NEWS! (26/11/23)
1️⃣ Azuki DAO Rebrands To ‘Bean’ As It Drops Lawsuit Against Founder 🤔
Azuki DAO, an unofficial Azuki community DAO, is reportedly rebranding itself to “Bean." Notably, along with the rebrand Azuki DAO is dropping its previous plans to file a lawsuit against Azuki creator Zagabond for the controversial launch of its sister NFT collection ‘Elementals.’
In a statement sent to Cointelegraph, Azuki developers stated that the DAO is rebranding into a memecoin project and will become part of the Ethereum layer-2 Blast ecosystem. They also claimed that ‘Bean’ had secured $10 million from “prominent investors” for its development and acceleration within the Blast ecosystem.
Source
2️⃣ Beleaguered Exchange Zipmex Halts Trading In Thailand ❌
According to an announcement made on its Facebook page, Zipmex Thailand has suspended new deposits and trading on its exchange due to compliance issues with Thailand's Securities and Exchange Commission (SEC). The post alerted users that withdrawals will be processed normally until January 31, 2024, post which customers will need to contact the exchange's customer support team for assistance in withdrawing funds. Specifically, Thailand's SEC has fined Zipmex Thailand for its alleged misuse of a digital asset custodian service and for funnelling customers to the Singapore-based exchange Zipmex Pte, creating a conflict of interest.
Source
3️⃣ Cosmos Community Approves Capping Atom Inflation Rate At 10% ❗️
The governance body of Cosmos Hub has reportedly approved a proposal to reduce the maximum inflation rate of its native token ATOM from about 14% to 10%.
Notably, the proposal passed with a narrow margin of 41.1% of votes in favour versus 38.5% votes against, with a 70.9% turnout - the highest-ever turnout in the history of the Cosmos ecosystem. Specifically, the approved change would bring Atom's annualized staking yield from approximately 19% to about 13.4%. Interestingly, Cosmos founder Jae Kwon was against the proposal and seems to be attempting to coordinate a ‘split.’
Source
4️⃣ Indexed DAO To Distribute Remaining Treasury After Defeating Hijack Attempts 🔎
According to an X thread by Laurence Day, the former core contributor to Ethereum-based Indexed Finance, the project has recently fended off two hijacking attempts and is planning to return control of its DAO to its founders.
Notably, Day’s thread detailed how each attacker purchased large amounts of the protocol's NDX token in an attempt to seize the DAO’s remaining $120K worth of digital assets through malicious proposals. Control of the DAO will now reportedly revert to a multi-sig controlled by Day, Indexed founder Dillon Kellar and PR0, who plan to reimburse victims of the 2021 hack with the remaining treasury funds.
Source
https://www.youtube.com/watch?v=EljWmKzRmFQ
Читать полностью…
📣📣 MARKET MOVING NEWS! (25/11/23)
1️⃣ Binance Founder Changpeng 'CZ' Zhao Isn't a Flight Risk, His Attorneys Say ⚖️
Former Binance CEO Changpeng Zhao’s legal defence team has reportedly requested the court to deny U.S. prosecutors’ recent motion to block his return to the United Arab Emirates (UAE) to be with his family while awaiting sentencing following his guilty plea. They argued that CZ already demonstrated that he poses "no risk of flight" by the very fact that he came to the U.S. to enter his guilty plea.
Source
2️⃣ Major Bitcoin Lightning Wallet Provider Quits US Market 🤔
Bitcoin Lightning wallet service provider ‘Wallet of Satoshi’ has reportedly removed itself from the U.S. Apple and Google app stores. In a tweet published later, the ‘Wallet of Satoshi’ team confirmed that it would not serve U.S. customers furthermore. While the popular Bitcoin Lightning app did not specify the reason for the decision, it assured existing customers in the U.S. that their funds were safe and available to transfer to another wallet.
Source
3️⃣ Tether, Bitfinex Agree to Drop Opposition to FOIL Request 🔎
Stablecoin issuer Tether and sister company Bitfinex have both reportedly agreed to drop their opposition to a New York Freedom of Information Law (FOIL) request brought by a group of journalists, including Bloomberg Businessweek's Zeke Faux, Shane Shifflett and Ada Hui.
The companies stated that they were committed to transparently sharing information and are open to engagement with journalists and regulatory authorities, given that they “adhere to ethical reporting standards and respect data privacy boundaries.” Specifically, the companies indicated that they would not be openly releasing documentation and called for “responsible document review” before any public release of information, stating that their efforts to be transparent do not “equate to unrestricted public disclosure of all documents.”
Source
4️⃣ Hong Kong Investment Firm Victory Securities Obtains Retail Crypto Trading License 🇭🇰
Hong Kong’s Securities and Futures Commission (SFC) has reportedly granted investment firm Victory Securities approval to offer crypto services to retail clients. Notably, Victory Securities claimed that it is the first licensed corporation to offer a crypto trading and advisory service to retail investors. It joins crypto-native firms HashKey Exchange and OSL Digital Securities.
Source
5️⃣ UK Investment Funds Get Green Light for Tokenisation 🇬🇧
According to a recent report published by the trade body ‘The Investment Association’, Investment managers in the United Kingdom are receiving regulatory support to leverage blockchain technology to tokenise funds.
Michelle Scrimgeour, Chair of the Working Group and Chief Executive Officer at Legal & General Investment Management, stated
Fund tokenisation has great potential to revolutionise how our industry operates, by enabling greater efficiency and liquidity, enhanced risk management and the creation of more bespoke portfolios. It is vital the UK remains at the forefront of technological development.
Source
🚨Rally Report🚨
BLUR
The price of BLUR has rallied by 36% in the past 24 hours.
WHY?!
🎉 Earlier today, crypto exchange Binance announced that it was going to list the BLUR token on its platform. The exchange announced that it will support three trading pairs initially, BLUR/BTC, BLUR/USDT and BLUR/TRY.
🚀 The rally is also connected to the recent hype surrounding ‘Blast’ - a layer 2 network by Tieshun Roquerre, the co-founder of Blur. Notably, Roquerre stated that Blast was an extension of the Blur ecosystem, empowering users to earn yields on idle assets while bolstering the technical infrastructure necessary for advanced NFT offerings.
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/
🚨 New Video Alert!! 🚨
It was a political earthquake. Down in South America, the populist leader who was maligned as "crazy" by the mainstream media, was able to win Argentina's presidency.
Not only could this have big implications for Argentina, but it could also be incredibly bullish for Bitcoin. That's because Javier Milei is known to be pro-bitcoin and has talked about it extensively in the past.
So, could Javier follow in the footsteps of Bukele? And could Argentina ever embrace Bitcoin as a medium of exchange?
That's exactly what we explore in our latest video.
6️⃣ Crypto Custody Firm Copper Launches Institutional Trading Platform for Tokenised Securities 🇦🇪
Crypto custody and trading firm ‘Copper’ has reportedly launched a new digital assets brokerage platform for institutional trading in the United Arab Emirates. The new entity, called ‘Copper Securities’, combines a suite of blockchain-based financial and custodial services, with securities financing and payments applications to follow in the next 12 months.
The firm is reportedly working with the emirate's Financial Services Regulatory Authority (FSRA) to have the necessary approvals in place by early 2024. Notably, the new platform comes as a result of Copper’s acquisition of UAE-based blockchain brokerage firm Securrency Capital earlier this month. The acquisition allows the firm to offer digital securities trading in the Abu Dhabi Global Market (ADGM), via its new Copper Securities platform.
Source
🚨Rally Report🚨
IOTA
The price of IOTA has rallied by 34% in the past 24 hours.
WHY?!
🔎 The rally is majorly fuelled by trading activity on the South Korean crypto exchange Upbit.
🚀 Notably, Iota recently announced that it was launching a foundation, the ‘Iota Ecosystem DLT Foundation’ to focus on the growth of its distributed ledger technology (DLT) in the Middle East region. Specifically, the ‘Iota Ecosystem DLT Foundation’ claims to be the "first" foundation registered in Abu Dhabi under the regulatory framework called the DLT Foundations Regulations, set up by the city's financial watchdog Abu Dhabi Global Market (ADGM).
If you want to buy or trade IOTA, we have an exclusive trading fee discount of up to 60% on Kucoin
👉➡️ https://www.coinbureau.com/deals/trading/kucoin/
🚨 New Video Alert!! 🚨
The crypto bull market could be here, and that means you need to be prepared.
In practical terms, that means putting together the ultimate crypto portfolio to maximize reward and minimize risks.
As some of you will know, we recently launched the Coin Bureau Club which includes a breakdown of our crypto portfolios and watchlists. These portfolios are based on the principles in today’s video.
With the right combination of large caps, mid caps, small caps, and stablecoins, you can make this the best bull market of your lifetime without losing sleep (hopefully – no promises of course!).
Enjoy!
📣📣 MARKET MOVING NEWS! (29/11/23)
1️⃣ KyberSwap DEX Hacker Sends an On-Chain Message: Be Nice, Or Else 👮♂️
The hacker behind the recent $47 million exploit of KyberSwap seems to have responded to the team’s threat to resort to legal action by stating that they were willing to push out negotiations until everyone is “more civil.”
The hacker encoded a message into an Ethereum transaction late on November 28, which reads,
Dear Kyberswap Executives, Employees, Token Holders and LPs, I said I was willing to negotiate. In return, I have received (mostly) threats, deadlines, and general unfriendliness from the executive team. That's ok, I don't mind. I have prepared a statement concerning our (potential) treaty. I plan to release it on Nov. 30 at Noon UTC, sharp. Under the assumption that I am treated with further hostility, we can reschedule for a later date, when we all feel more civil. You need only say the word. If not, we proceed as planned on Nov. 30. Thank you.
Source
2️⃣ Binance Operates Without a License in The Philippines, Warns Country's Securities Regulator 🥶
According to a recent notice published by ‘The Philippines Securities and Exchange Commission’, crypto exchange Binance has been operating illegally in the country without obtaining the necessary licenses and approvals. The notice warned users in the country that it may soon block access to Binance and that individuals promoting Binance within the Philippines may face criminal liability under the Securities Regulation Code.
The notice reads,
Those who act as salesmen, brokers, dealers or agents, representatives, promoters, recruiters, influencers, endorsers, and enablers of Binance in selling or convincing people to invest in its platform within the Philippines, even through online means, may be held criminally liable under Section 28 of the Securities Regulation Code and be penalised with a maximum fine of Five Million Pesos (P 5,000,000.00) or imprisonment of Twenty One (21) years or both pursuant to Section 73 of the SRC.
Source
3️⃣ Animoca Brands Invests in TON Network, Becomes Largest Validator 💰
Web3 Gaming and metaverse-focused investment firm Animoca Brands is reportedly set to become the largest validator on The Open Network (TON) blockchain after it made an investment in the TON ecosystem.
Specifically, Animoca Brands plans to strategically support TON Play, a gaming infrastructure project based on the TON blockchain, in order to deliver blockchain-based games to messaging application Telegram’s 800 million users. Notably, TON Play allows gaming applications to be built on TON and launched on Telegram and even allows for porting existing web-based games to the messaging app.
Source
4️⃣ Coinbase Might Be Forced to Share Your Bitcoin Trading Data With the CFTC ❗️
In an email sent to select customers, U.S. crypto exchange Coinbase revealed that it has received a subpoena from the United States Commodity Futures Trading Commission (CFTC) in a case involving crypto exchange Bybit. Specifically, Coinbase informed users that information linked to their accounts may soon be shared with the CFTC unless the subpoena is reversed by a court by Nov. 30.
The email reads,
No action is required from you, but Coinbase may respond to the Subpoena unless served before November 30, 2023 with a motion to quash or other objection to the subpoena that has been filed with the Court - including by sending information concerning your Coinbase account to the Commodity Futures Trading Commission.
Source
5️⃣ Zipmex Restructuring Plan Proposes to Pay Creditors 3.35 Cents on the Dollar 🧐
https://www.youtube.com/watch?v=JCnBXL937eE
Читать полностью…
📣📣 MARKET MOVING NEWS! (28/11/23)
1️⃣ Bitcoin Spot ETF Anticipation Fuels Largest Crypto Fund Inflows for Two Years: CoinShares 📊
According to the latest CoinShares report, digital asset managers such as 21Shares, CoinShares, Bitwise, Grayscale and ProShares attracted net inflows of $346 million last week, continuing a nine-week trend of positive net flows.
The report states that this brings the year-to-date inflows to over $1.5 billion. CoinShares Head of Research James Butterfill noted that the surge was fueled by anticipation of a U.S.-based spot bitcoin ETF and stated that crypto funds as a whole now have $45.4 billion in assets under management, the highest in 18 months.
Source
2️⃣ Former Binance CEO CZ Can’t Leave US Until Court Decides If He’s a Flight Risk ❗️
According to recent court filings, Judge Richard Jones of the U.S. District Court for the Western District of Washington in Seattle has ordered a ‘stay’ on an earlier ruling that would have allowed Binance CEO Changpeng Zhao to leave the country ahead of his sentencing hearing. This means that CZ is temporarily restricted from leaving the country until such time as the Court resolves the Government’s motion for review.
Source
3️⃣ Standard Chartered China Offering Exchange Services for Digital Yuan 🏦
British multinational bank Standard Chartered has reportedly started offering exchange services for China's central bank digital currency, the ‘digital yuan’. Specifically, Standard Chartered’s China division has partnered with City Bank Clearing Services Co to allow its clients to purchase, exchange and redeem e-CNY within its bank accounts. It has also joined the CBDC's business pilot, becoming one of the first foreign banks to do so.
Source
4️⃣ Binance CEO Outlines Plan for Crypto Exchange After CZ Steps Down 📈
In a recently published blog post, Binance’s new CEO Richard Teng outlined his vision for the crypto exchange following the departure of former CEO Changpeng “CZ” Zhao. He stated that Binance plans to “drive growth and the adoption of Web3” by continuing to take a user-focused approach to its business.
Highlighting his interest to engage more with the community, Teng stated,
I am eager to jump headfirst into my new role and know there will be many more opportunities for me to share my thoughts with the community through blogs like this one, through my social media accounts — Twitter, LinkedIn — and through the many industry conferences and events around the world.
Source
5️⃣ SEC Keeps Pressing for Evidence of Potential Fraud at Binance.US ⚖️
According to a WSJ report, the United States Securities and Exchange Commission (SEC) is continuing its investigation into whether Binance and its founder Changpeng Zhao may have had a backdoor to potentially control customer assets on its U.S. platform, in a similar style to FTX.
Source
6️⃣ JPMorgan, Apollo Plan for Enterprise Mainnet, Execs Reveal 🔎
According to a Cointelegraph report, executives of banking giants JPMorgan Chase and Apollo have revealed plans for a tokenized enterprise mainnet. Notably, the report states that the plan was formed during a collaboration on the Monetary Authority of Singapore’s (MAS) Project Guardian pilot project. The duo had collaborated to test digital assets for more seamless investment and management of discretionary portfolios and alternative assets, automated portfolio rebalancing and customization at scale.
Source
https://www.youtube.com/watch?v=S5p8rWrRVdM
Читать полностью…
In a recent Telegram post, the team behind the infamous crypto wallet-draining service for hire ‘Inferno Drainer,’ announced that it was shutting down the service for good. Notably, the service helped phishing scammers steal nearly $70 million worth of crypto this year.
However, the team stated that the files and infrastructure needed to run the wallet drainer won’t be destroyed but instead will remain active so users can make a “smooth transition” to other services.
The post reads,
It has been a long ride with all of you and we’d like to thank you from heart [sic]. Unfortunately, nothing lasts forever. A big thank [sic] to everyone who has worked with us. We hope you can remember us as the best drainer that has ever existed and that we succeeded in helping you in the quest of making money.
Source
🚨Rally Report🚨
TERRA CLASSIC
The price of LUNC has rallied by 44% in the past 24 hours.
WHY?!
🎉 The rally comes after crypto exchange Binance announced that it would launch USTC futures contracts, offering 50x leverage.
🚀 The futures contract will launch at 12:30 UTC on November 27.
If you want to buy or trade LUNC, 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!! 🚨
Are you sick of seeing disinformation and misinformation about crypto in the mainstream media?
So are we, and apparently so are some of the world’s largest asset managers.
That’s because Fidelity recently published a report addressing some of the most common Bitcoin criticisms, most of which are actually just pure misconceptions.
Given that there seems to be a lot of crypto FUD floating around these days, we figured it would be prudent to summarise what it said, and explain why the news could soon start to push crypto FOMO.
Enjoy!
📣 Coin Bureau Club Update 📣
Any fans of the AKASH NETWORK here?
Well, Guy recently reviewed it for our Coin Bureau Club members!
This week they voted him for do a review of Toncoin and next week's poll will be live soon.
One of our members also recently won an Ngrave hardware wallet device valued at over $400 🎁
And, in the coming weeks, our members will have a chance to win two Ledger devices thanks to our new Ledger partnership!
We're going to be giving away two of these every month from now on, in addition to the Ngrave.
Don't miss out. Sign up using the link here 👇👇
▶️▶️ https://hub.coinbureau.com/
🚨 New Video Alert!! 🚨
The Binance settlement is a historic milestone for crypto, and it appears it could be both bullish and bearish for the crypto market. This a nuance that hasn’t been explored, hence today’s video.
On the one hand, the Binance settlement is bullish because regulatory surveillance of the world’s largest exchange means that a spot Bitcoin ETF is more likely to be approved, including other future ETFs.
On the other hand, however, this regulatory surveillance could unearth additional issues in the crypto industry that even the most seasoned experts are unaware of. This could be bearish in the short term.
As you’ll soon see, that’s just the tip of the iceberg…
📣📣 MARKET MOVING NEWS! (24/11/23)
1️⃣ Do Kwon’s Extradition Approved by Montenegro Court ⚖️
According to recent court filings, a Montenegro court has approved the extradition of Terra founder Do Kwon to either South Korea or the United States. While the final decision on the extradition is yet to be made by Montenegro’s Minister of Justice, once extradited Kwon faces multiple counts of fraud charged by U.S. federal prosecutors, in addition to existing civil charges in the U.S. and an ongoing investigation in South Korea related to last year's terraUSD collapse.
Source
2️⃣ KyberSwap Offers 10% Bounty to Hacker Following $47 Million Exploit 💰
The team behind the KyberSwap DEX has reportedly offered a 10% bounty to the hacker who stole $47 million by targeting a vulnerability in KyberSwap’s Elastic pools, compromising funds across multiple blockchains including Arbitrum, Optimism, Ethereum, Polygon, and Base.
The KyberSwap proposed the deal in an on-chain message which reads,
You have done one of the most sophisticated hacks ser. That was high EV and everyone missed it. On the table is a bounty equivalent to 10% of users' funds taken from them by your hack, for the safe return of all of the users' funds. But we both know how this works, so let's cut to the chase so you and these users can all get on with life. We can set aside the funds for the bounty to distribute directly to users. You can return 90% of the funds you took from users to 0x8180a5CA4E3B94045e05A9313777955f7518D757 by 6am UTC, 25 November, or you stay on the run.
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3️⃣ Sam Bankman-Fried Paid For Haircut With Fish: WSJ 🐟
According to a recent WSJ report, FTX founder Sam Bankman Fried has been adapting to the economic realities of prison life at New York's Metropolitan Detention Center. Specifically, SBF has been using mackerel, which replaced cigarettes as a favoured federal jailhouse currency after officials banned smoking, to buy things and services from other inmates – including trading some pouches of mackerel to a fellow inmate for a haircut of his signature moptop ahead of his trial.
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4️⃣ Bitcoin Sender Struck With $3.1M Transaction Fee, Largest in History 🥶
A Bitcoin user set a new record today by accidentally paying a transaction fee of over $3.1 million today – the largest transfer fee in U.S. dollar terms for a single Bitcoin transaction. Notably, this was more than six times the previous record of a $500,000 fee paid in September.
According to Bitcoin explorer Mempool, the user made the transaction at 9:59 a.m. UTC, paying 83.65 BTC ($3.1 million) to transfer 55.77 BTC ($2.1 million). Bitcoin miner Antpool was rewarded for mining the block, receiving the standard 6.25 BTC in addition to the 85.2163 BTC in fees for all transactions included in the block.
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5️⃣ Singapore To Restrict Retail Crypto Speculation with New Rules 🇸🇬
The Monetary Authority of Singapore (MAS) has reportedly laid down measures for ‘Digital Payment Token’ (DPT) service providers to discourage speculation in cryptocurrency investments.
Specifically, there are a total of five ways the MAS suggested DPT service providers can help retail clients avoid price speculation. The first involves DPT service providers determining their customer’s risk awareness before offering crypto services, the second involves DPT service providers refraining from providing any incentives to trade in cryptocurrencies, the third involves DPT service providers refraining from offering financing, margin or leveraged transactions, the fourth involves refusing locally issued credit card payments and the last involves discounting a customer’s crypto holdings in the determination of their net worth.
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📣📣 MARKET MOVING NEWS! (23/11/23)
1️⃣ KyberSwap DEX Exploited For $46 Million, TVL Tanks 68% 📉
The KyberSwap DEX has reportedly suffered an exploit leading to the loss of over $46 million worth of crypto assets. Notably, the stolen funds, which include $20.7 million on Arbitrum, $15 million on Optimism, $7 million on Ethereum, $3 million on Polygon and $2 million on Base, were drained from its Elastic Pools liquidity solution. The KyberSwap team has issued a warning advising users to promptly withdraw all their funds while it investigates the incident.
The attacker seems to have also left a message to the team in a transaction. It reads,
Dear Kyberswap Developers, Employees, DAO members and LPs, Negotiations will start in a few hours when I am fully rested. Thank you.
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2️⃣ Binance's Ex-CEO CZ 'Poses a Serious Risk of Flight,' Prosecutors Claim in Asking He Stay in U.S. ❗️
United States government prosecutors have reportedly filed a request to review and overturn the court’s recent decision to allow former Binance CEO Changpeng Zhao to temporarily return to his home in the United Arab Emirates (UAE).
Specifically, the prosecutors expressed concern about his potential flight risk, noting that the government “would not be able to secure his return” if he decided not to come back to the U.S.
The filing states,
He has three young children and a partner in the UAE; once in the UAE and faced with the prospect of travelling back to the United States to face up to 18 months in prison, he may elect to instead simply stay in the UAE with his family.
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3️⃣ Justin Sun Confirms HTX, Heco Chain Exploited After $100M in Suspicious Transfers 🥶
Justin Sun has confirmed that crypto exchange HTX and blockchain protocol Heco Chain were hacked for a cumulative $97 million in various tokens on Wednesday. Sun has assured HTX users that the crypto exchange will fully compensate for any losses originating from the hack.
According to a report by blockchain security firm Cyvers, the losses stem from three compromised hot wallets, with users and exchange assets swapped for Ether and distributed to various Ethereum addresses shortly after. Cyvers suspects the attack occurred due to a private key leak, which allowed their holders to access the Heco bridge.
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4️⃣ CoinGecko Acquires NFT Startup Zash 💰
Major crypto data aggregator website CoinGecko has reportedly made its first acquisition by purchasing NFT data infrastructure platform Zash. While the terms of the deal were undisclosed, CoinGecko stated that it plans to integrate Zash’s NFT data into its application programming interface (API) by the second quarter of 2024.
TM Lee, co-founder and CEO of CoinGecko, stated
After evaluating all existing NFT data providers in the space, Zash stands out as unparalleled. Within 3 years, they have built a remarkable product with the most comprehensive NFT data coverage in the market, and commercialized with top-tier clients with a lean team.
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5️⃣ Court Denies Sam Bankman-Fried's Latest Request For Release ⚖️
The U.S. Court of Appeals for the Second Circuit has reportedly denied former FTX CEO Sam Bankman Fried’s latest motion for release.
The court stated,
We have reviewed the Defendant-Appellant's additional arguments and find them unpersuasive [ …] The record shows that the district court thoroughly considered all of the relevant factors, including the Defendant-Appellant's course of conduct over time that had required the district court to repeatedly tighten the conditions of release.
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