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🚨Rally Report🚨
1INCH NETWORK
The price of 1INCH has rallied by 23% in the past 24 hours.
WHY?!
🎉 1INCH’s recent rally seems to come from speculative trading by South Korean traders on the crypto exchange Upbit.
🚀 Over the past 24 hours, Upbit accounted for 58% of global trading volume for 1INCH, with over $219 million of trade volume.
If you want to buy or trade 1INCH, 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/
https://www.youtube.com/watch?v=I_VPjZdEHm0
Читать полностью…
📣📣 MARKET MOVING NEWS! (30/12/23)
1️⃣ FTX Founder Sam Bankman-Fried Won't Face Second Criminal Trial, U.S. Prosecutors Say 🧐
According to a recent letter filed by prosecutors before the New York Federal court, FTX Founder Sam Bankman-Fried will not face a second criminal trial as it would "delay" a "timely and just resolution of the case." The prosecutors also argued that they had already provided ample evidence of SBF’s financial crimes during his tenure at FTX in the original case, making a second trial largely unnecessary. SBF faces a maximum prison sentence of more than 100 years. The sentencing hearing is scheduled for March 2024.
The letter reads,
Given that practical reality, and the strong public interest in a prompt resolution of this matter, the Government intends to proceed to sentencing on the counts for which the defendant was convicted at trial.
Source
2️⃣ Invesco Galaxy, Bitwise, WisdomTree, Fidelity Join BTC ETF Revision Rush 🔎
According to a Cointelegraph report, seven of the thirteen applicants for spot Bitcoin ETFs filed the final revision of their Form S-1 applications on Dec. 29. Specifically, the filings were led by BlackRock, Van Eck and Valkyrie and then followed by Invesco Galaxy, Bitwise, WisdomTree and Fidelity.
Notably, Blackrock, Fidelity, WisdomTree and Invesco Galaxy announced their authorized participants in the revised filings. While Invesco Galaxy selected Virtu and JPMorgan, WisdomTree and Fidelity chose Jane Street Capital. BlackRock's updated filing named Jane Street and JPMorgan Securities as “authorised participants.” WisdomTree also chose to maintain in-kind share creation and redemption despite the SEC’s urging to switch to cash.
Source
3️⃣ Former Binance CEO Changpeng Zhao Is Blocked Again From Traveling ⚖️
Judge Richard Jones of the U.S. District Court for the Western District of Washington in Seattle has reportedly denied a second motion from Binance CEO CZ requesting permission to travel outside the country. While the reasons for the second motion were unavailable to the public, CZ’s legal team suggested it involved “medical information regarding Mr. Zhao’s child.”
Source
4️⃣ Compound Finance’s X Account Hacked, Promotes Phishing Site To Steal Crypto ❗️
According to security-focused X accounts Scam Sniffer and Officer’s Notes, DeFi protocol Compound Finance’s X (formerly Twitter) account has been compromised by hackers who are using it to promote a fake phishing site. Notably, the hackers used the account to post an advertisement for “free $COMP tokens,” urging readers to click a link provided. The link leads to a website that looks identical to the protocol’s official website but has been identified as a “Pink Drainer scam website.”
Source
5️⃣ Indonesian Police Shut Down 10 Bitcoin Mining Operations 👮♂️
According to local media reports, Indonesian police authorities have shut down 10 Bitcoin mining operations who allegedly tampered with electrical circuits to power the substantial number of Bitcoin mining machines. They reportedly stole electricity amounting to nearly $1 million in the process. sThe authorities confiscated 1,134 Bitcoin mining machines along with 11 meters of electrical cable and computer equipment from these mining operators.
The authorities stated,
As we can see here, this is the PLN box. However, the electricity flow inside it is not the proper flow that should enter the box and be measured by the meter. Instead, what they took is the upper part, where electricity is taken directly from the pole and channelled inside.
Source
📣📣 MARKET MOVING NEWS! (29/12/23)
1️⃣ Crypto Exchange Catalyx Suspends Trading, Withdrawals Following 'Security Breach' 🥶
CatalX CTX Ltd., the Calgary-based company behind the Canadian crypto exchange ‘Catalyx,’ has reportedly halted withdrawals and suspended all trading activity on its platform following the discovery of a "security breach,” which it suspects may have involved one of its employees. Notably, the move follows the Alberta Securities Commission’s issuance of a cease trade order to Catalyx on Dec 21st.
Source
2️⃣ India's Financial Intelligence Unit Issues Compliance Notices To Offshore Crypto Exchanges Including Binance, Kraken 🇮🇳
India's Financial Intelligence Unit (FIU) has reportedly issued compliance show cause notices to nine offshore crypto exchanges under its Prevention of Money Laundering Act. The nine crypto exchanges are Binance, KuCoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global and Bitfinex. The FIU also asked the country’s Ministry of Electronics and Information Technology to block the websites of these crypto exchanges in the country.
The FIU’s statement reads,
Virtual Digital Asset Service Providers (VDA SPs) operating in India (both offshore and onshore) and engaged in activities like exchange between virtual digital assets and fiat currencies, transfer of virtual digital assets, safekeeping or administration of virtual digital assets or instruments enabling control over virtual digital assets are required to be registered with FIU IND as Reporting Entity and comply with the set of obligations as mandated under Prevention of Money Laundering Act 2002. The obligation is activity-based and is not contingent on physical presence in India. The regulation casts reporting, record keeping and other obligations on the VDA SPs under the PML Act which also includes registration with the FIU IND.
Source
3️⃣ Judge Sides With SEC Over Do Kwon, Says UST, LUNA Are Securities ⚖️
Judge Jed Rakoff of the U.S. District Court for SDNY has reportedly granted a summary judgement in favour of the Securities and Exchange Commission (SEC) on claims that Terraform Labs and its former CEO, Do Kwon, offered and sold two unregistered securities - LUNA and MIR.
Addressing the judgement, a Terraform Labs' spokesperson stated,
We strongly disagree with the decision and do not believe that the UST stablecoin or the other tokens at issue are securities. Further, the SEC’s fraud claims are not supported by evidence, and we will continue to vigorously defend against those meritless allegations at trial.
Source
4️⃣ Avalanche Foundation Is About To Start Buying Memecoins For The ‘Culture’ 🤑
The Avalanche Foundation is reportedly planning to buy memecoins with its $100 million NFT incubator fund. The entity stated that the new move will form part of its “Culture Catalyst” initiative. The selection process for the collection will be based on criteria such as the number of holders, liquidity thresholds, project maturity, principles of a fair launch and overall social sentiment, among other factors.
The Avalanche Foundation’s statement reads,
The Avalanche Foundation intends to start using Culture Catalyst to recognize and encourage the culture and fun symbolised by meme coins by purchasing select Avalanche-based meme coins to create a collection. This move complements the Avalanche Foundation's ongoing engagement across the Avalanche ecosystem, including NFTs, RWAs, and other types of cryptoassets, broadening its portfolio to embrace a more complete spectrum of possibilities.
Source
5️⃣ OKX Crypto Exchange To Delist Privacy Tokens In Early 2024 ❗️
Global crypto exchange OKX is reportedly planning to delist 20 trading pairs by Jan. 5th, including major privacy coins Monero, Dash and Zcash. The crypto exchange simply stated that the pairs did not meet its listing criteria and did not provide further details. The firm also added that the decision was made “based on feedback from users.”
Source
🚨 New Video Alert!! 🚨
If you were an early investor in Ethereum’s ecosystem, chances are that you made a lot of money.
The revolution of smart contracts, dApps, DeFi protocols, and NFTs made a lot of people wealthy.
Believe it or not, but it appears that Bitcoin’s growing ecosystem is offering a second chance to ride this revolutionary wave. Ordinals NFTs, BRC-20s, and the BitVM are just a few technologies taking off.
In the coming months, it’s likely that these technologies will evolve the same way they did on Ethereum in its early days. That’s why we decided to summarize an insightful report about Bitcoin’s ecosystem.
This is one you want to watch until the end!
P.S. We hope you like the fitness influencer segment 😉
🚨Rally Report🚨
PANCAKESWAP
The price of CAKE has rallied by 9% in the past 24 hours.
WHY?!
🎉 The PancakeSwap team recently proposed reducing the total supply of CAKE from 750 million to 450 million tokens. Notably, this marks a 40% reduction in CAKE’s token supply.
🚀 The voting period for the proposal began in early European hours on Thursday and will last until 8:00 am UTC on Friday. Thus far, over 96% have voted in favour of the proposal. If the proposal is passed, the reduction will be implemented by January 4th, 2024.
If you want to buy or trade CAKE, 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/
https://www.youtube.com/watch?v=YeHiAHy25ck
Читать полностью…
📣📣 MARKET MOVING NEWS! (26/12/23)
1️⃣ Mt. Gox Reportedly Starts Repaying Some Creditors Via PayPal 💰
According to several recent posts on the r/mtgoxinsolvency subreddit, creditors of the defunct Bitcoin exchange Mt. Gox have started receiving Japanese Yen-denominated repayments for their Bitcoin which has been trapped on the exchange since February 2014. Notably, the repayments appear to have been made through PayPal. However, only part repayments have been made to the users who have received funds so far. This is consistent with Mt.Gox’s repayment plan which notes that repayments to creditors will be paid out in several tranches, including the base repayment, the early lump-sum repayment, and the intermediate repayment.
Source
2️⃣ FTX Debtors Propose Separate Deal With Sam Bankman-Fried Over Embed Acquisition ⚖️
In a Dec. 22 filing before the United States Bankruptcy Court for the District of Delaware, the debtors of defunct crypto exchange FTX have proposed separate litigation in the bankruptcy case over acquiring stock-clearing platform Embed. Notably, FTX US acquired Embed for $220 million through its U.S. arm in June 2022. As part of this acquisition, FTX US issued two simple agreements for future equity to SBF, requiring the former FTX CEO to pay $160 million for the right to a number of shares in the crypto hedge fund.
According to the filing, the FTX debtors have reportedly reached a proposed settlement with SBF “solely with respect to the claims asserted against him in the Embed Proceeding.” Notably, SBF has reportedly agreed to relinquish his right to all assets held in accounts in his name at Embed and assign them to the Plaintiffs.
The filing reads,
The Plaintiffs’ entry into the Agreement is in the best interests of their estates, creditors and stakeholders, and the Agreement should be swiftly consummated. The Agreement’s terms will recover for the Plaintiffs’ estates 100% of the value conferred by the [simple agreements for future equity] upon Bankman-Fried. Bankman-Fried also relinquishes the right to, and assigns to Plaintiffs, all assets held in accounts in his name at Embed.
Source
3️⃣ zkSync Went Down For 5 Hours on Christmas Day but Is Now Back Online 🥶
The zkSync network reportedly went offline on Dec. 25, requiring the team to “inspect” it during the holiday to determine what went wrong. According to a tweet posted shortly after, the outage occurred due to “one of the network’s automated safety protocols” being triggered by a “bug in the server.” The issue has since been fixed, with the outage lasting for a total of 5 hours.
Source
4️⃣ Spot Bitcoin ETF Inflows Could Dwarf All 150 Crypto ETPs Today 🔎
According to new data from BitMEX research, the potential U.S.-approved spot Bitcoin ETFs could eventually end up doubling the amount of money invested in crypto ETPs. Notably, the study states that the current global market for crypto ETPs includes approximately 150 products totalling $50.3 billion in assets under management.
Source
5️⃣ Telcoin Suffers Apparent $1.2M Exploit Related to Polygon Wallet Implementation; TEL Drops 40% 📉
According to blockchain security firm Peckshield, an exploiter managed to drain over $1.2 million in funds from users of the Telcoin application due to an apparent error relating to a Polygon wallet implementation of the application. The Telcoin team, which froze the application following the exploit, has stated that it plans to restore all wallets to their previous balances before turning the application service back on.
The tweet also stated,
We’ve identified the root cause, which was not an issue with the Telcoin Wallet code itself, but with the proxy implementation of the wallet on Polygon – primarily impacting wallets that have never initiated transactions. We have deployed a fix to stop further exploitation.
Source
🎁 Late Christmas Gifts!! 🎁
Are you looking for a late Crypto Christmas gift for that special someone?
Or perhaps you want to treat yourself to something a little bit "crypto'ey"
Well, head on over to the Coin Bureau Merch store.
▶️▶️ https://store.coinbureau.com/
📣 CBC Update + Giveaway!! 📣
The Coin Bureau Club has just reached over 1,300 subscribers!
Thank you to all of our members here - your support is incredibly important to us.
For those who are not members, you still have time to join in our introductory price period. So far, we have completed reviews on:
✅ GameSwift
✅ Pyth Network
✅ Akash
✅ TON
✅ Deso
✅ Rollbit
✅ + 9 other low to medium cap altcoins
Of course, these are just the tip of the iceberg when it comes to CBC features. We have talked about the portfolio trackers, watchlists, coin votes & more.
On top of that, we have a CBC member's Discord server which has been buzzing with activity recently.
If that wasn't exciting enough, we also do numerous giveaways.
And, this brings me onto the biggest giveaway we are doing to date. A crypto experience that you just won't forget...
🎁 The Prize 🎁
Hang out with the Coin Bureau Team in Dubai and join us for Token 2049*!
✅ X2 Return flights to Dubai (arrives 17th of April and departs 20th of April)
✅ 1 x Hotel room for 3 nights
✅ $600 in spending money (sent in USDT beforehand)
✅ Lunch with Guy & Jessica
✅ X2 Token 2049 tickets
✅ Invite to Coin bureau’s exclusive VIP side-event
✅ Coin Bureau office tour - find out where the magic happens
✅ 30 minute call with Coin Bureau’s Head of research
✅ Coin Bureau merchandise pack
⁉️ How To Enter ⁉️
All of those who are CBC members by the 28th of February will be eligible in the draw. The winner will be contacted via email and announced on the 1st of March on our Discord.
📈 Price Increase 📈
While new members will be eligible for the giveaway up to the 28th of Feb, you are going to want to signup before the 15th of January.
That's because prices for new members will be increasing on that date. All members that have signed up before then will have secured the current prices for life (assuming they don't cancel)**.
💸 Signup NOW 💸
We will see you over in the club
Signup Now ▶️▶️ https://hub.coinbureau.com/
----
* T&C's apply
** For those in jurisdictions not covered by CBC now, you will still be presented with the same intro price offer when we start providing CBC in your country.
🚨 New Video Alert!! 🚨
Do you remember which cryptos pumped the most during the last bull market?
If you think about it, all of them had one thing in common: they were all part of the most popular crypto narratives.
The first crypto niche to pump was DeFi, then it was NFTs, and then it was the metaverse. Logically then, if you know which narratives will be popular during the next bull run, then you can make massive gains.
Today’s video is about exactly that – the narratives that are the most likely to explode during the next bull market. We also name a few coins and tokens that could benefit the most from these narratives.
This is a video you cannot miss!
📣📣 MARKET MOVING NEWS! (23/12/23)
1️⃣ Ikigai Asset Management Sells $65M Claim To FTX Bankruptcy 💰
According to a recent tweet by asset management firm Ikigai’s Chief Investment Officer Travis Kling, the firm which had a large majority of its hedge fund’s assets on the crypto exchange FTX, has sold its claim in the exchange’s bankruptcy proceedings.
Notably, Kling stated the firm sold a $65 million claim to its FTX funds because the price was “much, much higher” than expected. He also stated,
At the end of the day, the decision on whether to sell the claim was mostly a function of opportunity cost - how much do you think the claim price would increase in the future vs taking the cash now and deploying it into something else that can earn a return. Now that we have received the cash proceeds from the sale of the claim, all of our investors that want to redeem from the fund are able to do so. The large majority of the capital is staying in the fund. I was (and still am) very interested in FTX 2.0. But the Debtors have fumbled that process so badly, and progress has been so slow, that it didn’t make sense for us to hang around in the claim any longer waiting for something to maybe happen with 2.0.
Source
2️⃣ Bulgaria Ends Investigation into Crypto Lender Nexo, Finding No Criminal Activity 🔎
According to local media reports, the Bulgarian Prosecutor's Office has closed its investigation into crypto lender Nexo for alleged money laundering offences after the authority was unable to find any evidence proving the alleged criminal activity. The Prosecutors also concluded that the products offered by Nexo do not constitute financial instruments since the country’s laws do not recognise crypto assets as ‘financial instruments” and that they reside outside of laws for payment services and systems.
Nexo co-founder and managing partner Antoni Trenchev stated,
The dropping of all charges made against Nexo and its executives by the Bulgarian Prosecutor’s Office, with their confirmation that there were no crimes, unequivocally shows that the whole attack on Nexo was political and should not have happened in the first place. It also goes a long way in clearing our names and is a vindication for all good actors in crypto. We are very content with this result.
Source
3️⃣ NY Financial Regulator Approves Paxos Expansion To Solana, Allowing For Its First Stablecoin Issuance Beyond Ethereum 🚀
The New York Department of Financial Services (NYDFS) has reportedly granted regulatory approval to stablecoin issuer Paxos’ plans to launch its products on the Solana blockchain. Until now, Paxos had been limited to issuing its Pax Dollar (USDP) stablecoin on the Ethereum network due to restrictions imposed by the DFS. The debut of Paxos on Solana is scheduled for Jan. 17, 2024.
Paxos's head of strategy Walter Hessert stated,
The expansion of our stablecoin platform to support Solana marks an important step towards making stablecoins ubiquitous for everyday consumers. Paxos has set the standard for oversight, reserve management and issuance in the stablecoin market. By integrating USDP with Solana, we’re making it easier for anyone to get and use the safest, most reliable stablecoins.
Source
4️⃣ SEC Blasts 'Purportedly Decentralized' DAOs in $1.7M Settlement with BarnBridge ❗️
Crypto investments issuer BarnBridge DAO and its founders have reportedly agreed to pay more than $1.7 million to settle charges brought by the Securities and Exchange Commission for failing to register the "offer and sale of structured crypto asset securities known as SMART Yield bonds." The agency has also issued a cease-and-desist order as part of the enforcement action. As for the settlement amount, its founders Tyler Ward and Troy Murray agreed to pay individual civil penalties of $125,000 while BarnBridge DAO agreed to pay $1,457,000 in disgorgement to the SEC.
Source
5️⃣ Nigeria’s Top Banks Collaborate On New cNGN Stablecoin 🏦
👨💻 Want to Work For Coin Bureau? 👨💻
We're looking for another researcher to join the Coin Bureau 💯
This is a unique opportunity to fill a very important role in a really tight-nit team.
If you want more information about the role and are interested in applying, please see the following Google Form.
If you know anyone who would be well suited for this role, feel free to share the form with them too!
https://forms.gle/9iypufC99q9tsW8T7
📣📣 MARKET MOVING NEWS! (22/12/23)
1️⃣ Ethereum Developers Target January for First Testnet Deployment of Next Big Upgrade, 'Dencun' 📅
In a biweekly call on Thursday, Ethereum developers discussed that they were targeting Jan. 17 for the Goerli testnet to run through Ethereum’s forthcoming upgrade “Cancun-Deneb” (also known as “Dencun”) which will enable “proto-danksharding.” Notably, the upgrade will substantially reduce fees for layer 2 rollups and scale the blockchain by increasing space for “blobs” of data.
The upgrade will reportedly be first applied to the Goerli testnet, then added to Sepolia on Jan. 30 and Holesky on Feb. 7. The Ethereum team has yet to announce when Dencun will be implemented on the mainnet.
Tim Beiko, the protocol support lead at the Ethereum Foundation stated on the call,
Obviously, if we find a major issue or something crazy before then we can always cancel. This would mean ideally we’re putting out the blog post for the fork sometime during the week of January 8th, so people have at least a week to update.
Source
2️⃣ Argentina's New Government Gives Early Nod To Bitcoin, Says Crypto Can Be Used In Contracts 🤩
Following the election of crypto-friendly President Javier Milei, Argentina has "ratified" and "confirmed" that Bitcoin and “any other kind of crypto” can be used as currency in official contracts. Notably, the announcement was broken on Twitter by Argentina's minister of foreign relations and international commerce, Diana Modino. She pointed to existing law which stated that debtors had the choice to pay in currencies not recognized as legal tender in Argentina. The confirmation and ratification now expressly recognise Bitcoin and other cryptos as a form of currency, although the assets are not legal tender within the country yet.
Source
3️⃣ Circle, Coinbase Receive French Regulatory Approvals 🚀
Both, crypto exchange Coinbase and stablecoin issuer Circle received approvals and were awarded licenses by the French regulatory authorities on Dec. 21. While Coinbase received approval as a Virtual Assets Service Provider (VASP), Circle received a conditional registration as a Digital Asset Service Provider. With the VASP license, Coinbase can custody digital assets and offer and facilitate crypto trading in the country. However, Circle must still receive approval as a Payment Services Provider for it to operate legally in France. The stablecoin issuer has already applied for the relevant licenses and is pending approval.
Source
4️⃣ SIM Swappers Hit Manifold Trading, Rug Radio Founders Ahead Of Holidays 🕵️♂️
Over the last 48 hours, SIM-swap attackers have targeted and compromised the Twitter accounts belonging to the founders of Manifold Trading, Rug Radio and other crypto influencers. Specifically, the SIM-swap hacker posted a series of malicious links to crypto drainers after managing to take control of the official X account of Manifold Trading and its founding partner Jae Chung. While Farokh, the pseudonymous founder of Rug Radio, also fell victim to a SIM swap attack, he reassured his followers that the phone number was not linked to his Twitter account.
Source
5️⃣ Hong Kong Says It's Ready to Accept Spot Crypto ETF Applications 🇭🇰
In a joint circular published today, Hong Kong’s Securities and Futures Commission (SFC) and its central bank ‘the Hong Kong Monetary Authority’ announced that both agencies have reviewed their existing policy for intermediaries that wish to engage in virtual asset-related activities. Specifically, the SFC stated that it is “prepared to accept applications for the authorization of other funds with exposure to virtual assets, including virtual asset spot exchange-traded funds (VA spot ETFs).” It also released a separate circular that sets out the requirements for funds to “invest directly in the same spot VA tokens accessible to the Hong Kong public for trading on SFC-licensed virtual asset trading platforms (VATPs).” It also added that both “in-kind and in-cash subscription and redemption are allowed for SFC-authorised spot VA ETFs.”
🚨 New Video Alert!! 🚨
Did you know that one of the largest Bitcoin mining pools was censoring certain BTC transactions?
Well, now you do. Obviously, the news has called Bitcoin’s censorship resistance into question, but it just scratches the surface.
As with decentralization, there are many layers to censorship resistance in crypto. In Bitcoin’s case, these layers are slowly but surely being targeted by powerful interests such as Blackrock, namely the mining layer.
Thankfully, Bitcoin is a long way away from being captured by any institutions. If we ignore what’s been going on though, then all the sats we’ve been stacking could be worthless.
Make no mistake, this is one of the most important videos you will ever watch.
Enjoy!
📣📣 MARKET MOVING NEWS! (31/12/23)
1️⃣ SEC May Notify Approved ETF Issuers by Early Next Week, Ahead Of January 10 Launch 🧐
According to a Reuters report, the U.S. Securities and Exchange Commission may inform asset managers if their spot Bitcoin ETF applications will be approved by Tuesday or Wednesday next week, before the Jan 10th deadline. This includes Ark Investments, 21Shares, Valkyrie, Bitwise, WisdomTree, Franklin Templeton, BlackRock, VanEck, and Invesco.
Source
2️⃣ Chai Payments App, Used To Promote Terra Ecosystem, Didn't Use Crypto: SEC Whistleblower ⚖️
In a recent summary judgment ruling in the Terra Luna case, U.S. District Court Judge Jed Rakoff detailed evidence brought by the SEC that the Chai payments platform never ran on the Terra blockchain.
Notably, Kwon had often promoted the blockchain by stating that the Chai payments app used Terra for its operations. However, an SEC whistleblower, Chai's Chief Product Officer was reportedly told by a former Terraform employee who joined Chai that "there's no crypto going on within Chai." Allegedly, a May 2020 email from a Chai employee states that Chai would “process transaction[s] outside [the] blockchain” and then “write a record on the Terra blockchain in parallel.”
However, Judge Rakoff found that "genuine disputes of material fact linger that preclude summary judgment for any party on the fraud claims." He stated that the SEC's evidence could be less than credible since the aforementioned whistleblower tried to extort Do Kwon and Terra co-founder/Chai founder Daniel Shin after being fired from Chai. The whistleblower's story also reportedly changed over time, such as whether he had direct knowledge of Chai's systems or merely heard about it from employees.
Source
3️⃣ Vitalik Buterin Reveals Ethereum Game Plan For 2024 ❗️
In a series of posts on X (formerly Twitter), Ethereum founder Vitalik Buterin shared the roadmap for Ethereum in 2024, outlining the core priorities for the ecosystem while admitting that there are only minor changes compared to last year.
Notably, there were six main components outlined by Buterin - the merge, the surge, the scourge, the verge, the purge, and the splurge. He also endorsed single-slot finality (SSF) as "the easiest path to resolving a lot of the Ethereum [Proof of Stake] design's current weaknesses" and praised the progress made on L2 networks and with Verkle tree implementations.
Source
4️⃣ Nigerian Exchanges Discouraged By SEC Crypto License Requirements 🔎
According to Nigerian crypto analyst Rume Ophi, many local crypto exchanges are finding it difficult to be operational in the country due to the Nigerian Securities Exchange Commission’s crypto license requirements. Notably, the Nigerian SEC mandates the cost of the minimum paid-up capital requirement to be $556,620 (N500 million naira), making it unaffordable for local exchanges. This will reportedly result in foreign exchanges predominantly being operational in Nigeria instead of having a healthy balance.
Source
🚨 New Video Alert!! 🚨
2023 has been a wild year for crypto, and it looks like 2024 will be even crazier.
This begs the question of what could happen over the next 12 months. Today, we give you ten of our answers.
Most of these predictions are straightforward, and all of them are backed up by data and analysis. Funny enough, many of these predictions are eerily similar to those being made by asset managers.
There is one special crypto predictions that the asset managers haven’t made, however, and it’s one that pertains to you. If you want to find out what it is, you’ll have to watch until the end.
Enjoy!
🚨Rally Report🚨
BITCOIN CASH
The price of BCH has rallied by 9% in the past 24 hours.
WHY?!
⚖️ Yesterday, seven of the thirteen applicants for spot BTC ETFs filed revised S-1s with the SEC ahead of the deadline.
🚀 This seems to have led to a rally among Bitcoin-related projects such as Bitcoin Cash and Bitcoin SV.
If you want to buy or trade BCH, 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/
https://www.youtube.com/watch?v=z--SYpTbnro
Читать полностью…
📣📣 MARKET MOVING NEWS! (28/12/23)
1️⃣ Worldcoin Launches In Singapore After Pausing In India 🔎
Worldcoin, the decentralised identity project co-created by OpenAI CEO Sam Altman, has reportedly launched identity verification services for residents of Singapore. The project stated that its iris-scanning orbs were available to individuals in Singapore at five locations. Notably, the Singapore launch comes just shortly after the project paused its operations in India and ended registration services in Brazil and France.
Worldcoin stated,
In addition to World ID verifications, project contributor Tools for Humanity (TFH) has become a member of two of Singapore's most respected startup and tech associations: ACCESS and the Singapore Fintech Association (SFA). The project launch and association memberships come in the wake of a recent multi-city tour in Asia made by members of the TFH product development team.
Source
2️⃣ Donald Trump Dumps Millions in Ethereum After Disastrous NFT Redux 🤔
According to blockchain intelligence platform Arkham Intelligence, former U.S. President Donald Trump appears to have sold off $2.4 million worth of ether. Notably, Trump began sending ETH he had accumulated as NFT royalties to Coinbase earlier this month, with over 1,075 ETH sold in the last three weeks. According to Arkham, Trump still owns $2.2 million in various cryptocurrencies. Specifically, this includes $1.4 million worth of ETH, $649,000 worth of WETH, $167,000 worth of MAGA coin, $340 worth of Pepecoin, and $145 worth of JESUS, among other holdings.
Source
3️⃣ MicroStrategy Buys $615M Worth Additional BTC, Pushing Holdings to $5.9B 🚀
MicroStrategy, the largest corporate holder of Bitcoin (BTC), has reportedly purchased another 14,620 BTC at an average price of $42,110 per Bitcoin over the past 40 days. Notably, this purchase pushes the company's holdings to 189,150 BTC ($5.9 billion), with an average buy price of $31,168 per BTC. The accumulation likely comes in anticipation of the expected approval of Spot Bitcoin ETFs on Jan. 10.
Source
4️⃣ ARK Sells Remainder of GBTC Holdings, Invests $100M In Bitcoin ETF 💰
ARK Invest, the institutional asset management firm led by Cathie Wood, has reportedly sold its remaining holdings of the Grayscale Bitcoin Trust (GBTC) worth $200 million. Notably, the asset manager seems to have then used half of the funds to purchase 4.3 million shares of ProShares Bitcoin Strategy ETF (BITO). ARK Invest also appears to have liquidated 148,885 Coinbase shares worth $27.5 million from its ARK Next Generation internet ETF (ARKW) following its sale of its GBTC holdings.
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5️⃣ Argentines Will Be Given a Chance To ‘Regularise’ Undeclared Crypto ❗️
Yesterday, the Law of Bases and Starting Points for the Freedom of Argentines – a 351-page bill containing several reforms in tax, labour, criminal, energy and electoral matters, was introduced to the Argentine Congress. Notably, the bill mentions ‘crypto’ as one of the assets a taxpayer could legalise without providing any “additional documentation” on their origin, even if they’re overdue on tax declarations.
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📣📣 MARKET MOVING NEWS! (27/12/23)
1️⃣ Grayscale Execs Barry Silbert, Mark Murphy Quit Board Of Directors 🤔
According to crypto investment firm Grayscale Investments' recent 8-K filing with the United States Securities and Exchange Commission, Digital Currency Group (DCG) CEO Barry Silbert and President Mark Murphy have resigned from Grayscale’s board of directors. Both resignations are effective Jan. 1, 2024. Notably, Barry and Mark will be replaced with new members namely DCG’s CFO Mark Shifke, DCG’s Senior VP of Operations Matthew Kummell and Grayscale’s CFO Edward McGee.
A Grayscale spokesperson reportedly stated,
Aligned with Grayscale’s commitment to responsible growth, we are pleased to welcome Mark Shifke, Matt Kummell and Edward McGee to Grayscale’s board of directors. Grayscale and our investors will benefit from their respective experiences in the financial services and asset management industries as we prepare for Grayscale’s next chapter.
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2️⃣ Binance Founder CZ's Wealth Grew By $25 Billion In 2023: Bloomberg Billionaires Index 📈
According to Bloomberg’s Billionaires Index, Binance founder Changpeng Zhao (CZ) saw his wealth soar by almost $25 billion in 2023. Notably, the index ranks CZ as the 35th richest person globally with a net worth of more than $37 billion. Notably, the estimation of CZ’s net worth mostly comes from his controlling stake in Binance. It does not factor in his Bitcoin and BNB token holdings.
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3️⃣ Thunder Terminal Claims Funds Safe After $240K Attack, Hacker Says Otherwise ❗️
According to a recent post by blockchain sleuth ZachXBT, on-chain trading platform Thunder Terminal lost over 86.5 ETH ($192,000) and 439 SOL ($50,000) in a span of nine minutes after suffering an exploit that compromised 114 wallets on its platform.
Thunder Terminal published a statement claiming that no private keys were compromised and that all affected users would be refunded fully as well as awarded 0% fees and $100,000 in platform credits.
The exploit reportedly resulted from an attacker gaining access to a “MongoDB connection URL,” which allowed them to execute withdrawals on behalf of users. The MondoDB company was exploited eight days ago, resulting in a breach of Thunder’s data. However, the hacker has responded by stating that Thunder Terminal’s claims are “all lies” and demanded an additional ransom for user data.
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4️⃣ South Korea to Make Officials' Crypto Disclosures Public 🇰🇷
Starting next year, South Korea will make it mandatory for its 5800 high-ranking public officials to publicly disclose their crypto and other asset holdings under the government’s “Public Ethics and Transparency Initiative” system.
Kim Seung-ho, the director of personnel management stated,
We expect that the transparency of the public service community will be further increased through the implementation of an integrated service for public official property disclosure and property registration of virtual assets.
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5️⃣ Hong Kong Proposes Licenses Should Be Required For Stablecoin Issuers 🇭🇰
In a consultation paper jointly published today by Hong Kong’s financial regulators, the Hong Kong Monetary Authority (HKMA) and the Financial Services and the Treasury Bureau (FSTB) have proposed that stablecoin issuers should be required to obtain a license in the city as part of its legislative proposal to oversee the industry.
Notably, the HKMA stated that such a licensee must be locally incorporated with its management presence and must implement an effective stabilisation mechanism, “such as maintaining a pool of high-quality and highly-liquid reserve assets with proper custody arrangement.” Under the regime, only licensed issuers will be allowed to offer stablecoins to retail investors.
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🚨 New Video Alert!! 🚨
How much could Bitcoin rally next year? Where is ETH headed and will it be overtaken by another L1? What will happen with the stablecoin market and what are the most popular crypto narratives for the new year?
This was all answered in a recent research report by the folks over at Arcane research. In over 60 pages, they broke down some of the most important key themes for 2023 and how they are likely to play out in the new year.
Of course, you don't have time to read through a 60 page report so we thought that we would do it for you.
Not only are we going to break down these predictions, but we will also compare them to some of the other predictions out there such as those by VanEck.
This is a vid you don't want to miss.
📣📣 MARKET MOVING NEWS! (25/12/23)
1️⃣ SEC Sets Deadline for Spot Bitcoin ETF Updates On Dec. 29 🤔
According to a Reuters report, officials with the U.S. Securities and Exchange Commission met on Thursday with representatives of at least seven companies who were planning to launch spot bitcoin ETFs in early 2024, including representatives from BlackRock, Grayscale Investments, ARK Investments and 21 Shares.
During this meeting, the SEC set a deadline for spot Bitcoin ETF applicants to file final S-1 amendments by Dec. 29. Notably, the SEC reportedly told attendees that any issuer that doesn’t meet the Dec. 29 deadline will not be part of a first wave of potential spot Bitcoin ETF approvals in early January.
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2️⃣ Spot Bitcoin ETFs Could ‘Completely Destroy’ Bitcoin: Arthur Hayes 🥶
According to a recent blog post published by former BitMEX CEO Arthur Hayes, spot Bitcoin ETFs could “completely destroy” Bitcoin if they are too successful. Notably, Hayes suggested that Bitcoin has value because “it moves,” since a healthy number of transactions on the network is essential to keeping miners incentivised to continue validating transactions.
However, if spot Bitcoin ETFs are “too successful” it will result in a vacuuming up of assets by other ETF issuers who will “store them in a metaphorical vault.” This will eventually result in a future where investors predominantly end up buying Bitcoin derivatives rather than HODLing themselves.
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3️⃣ Japan Seeks to Exempt Companies from Tax on Unrealised Crypto Gains 🇯🇵
According to local media reports, the Japanese government has approved a 2024 tax regime revision that seeks to exclude corporations from paying tax on unrealised crypto gains if they hold the assets longer term. While the cabinet approved the revision on Friday, the bill still needs to be submitted to a regular Diet session set in January 2024 and approved by the Lower House and the Upper House.
Daiki Moriyama, director of Japan- and Singapore-based gaming blockchain builder Oasys, stated
Holdings of [crypto] assets issued by other companies that are considered short-term holdings will continue to be subject to year-end unrealized gains taxation. The fact that the Japanese government has demonstrated its willingness to grow Web3 business by enacting tax reform for the second year in a row is extremely important to all Web3 business stakeholders around the world.
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4️⃣ MEXC Urges Calm Over Deleted ‘CEO’ Account Amid Reported Withdrawal Issues ❗️
Crypto exchange MEXC recently posted an explanation thread on X after an X account under the name “MEXC_CEO” was recently deleted from the platform. Notably, community members feared this could be a sign of trouble at the firm as they were under the assumption that the account belonged to its CEO, John Chen Ju.
However, MEXC stated in its X thread that the account was once used in an official capacity to promote the exchange. However, the original CEO of the company who used the account left the firm in July 2022, and since then, the individual associated with the account no longer has any “actual connection with MEXC Official.”
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📣📣 MARKET MOVING NEWS! (24/12/23)
1️⃣ Solana Smashes Past $100 for First Time Since April 2022 📈
The price of “Ethereum-killer” Solana’s SOL token surged past $100 on Saturday afternoon for the first time in 20 months, since April 2022. The price of SOL currently sits at $110, its recent rally saw it overtaking XRP on Wednesday and BNB on late Thursday to sit at the number 4 position of top tokens by market capitalisation.
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2️⃣ Nigeria Lifts Restrictions On Bank Accounts For Crypto Firms 🙌
According to local media reports, the Central Bank of Nigeria (CBN) has lifted its restriction on Virtual Asset Service Providers (VASPs) from opening bank accounts in the country. However, the CBN clarified that banks are still not allowed to hold, trade, or transact in virtual currencies on their accounts.
Notably, the new policy reverses a February 2021 order from the Central Bank that had urged banks to immediately close accounts connected to digital asset activity. During this ban period, crypto investors had turned to peer-to-peer trades or sending payments directly to each other. With the restrictions now removed, the Nigerian crypto community anticipates competition to heat between the country’s crypto-fiat exchanges and peer-to-peer (P2P) merchants.
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3️⃣ Traders Report Frozen Assets, Account Blocks On MEXC 🤔
According to multiple reports on X (formerly Twitter), several traders on crypto exchange MEXC have allegedly had their accounts frozen and their funds seized. The exchange claims the actions were motivated by "abnormal trading activities.” Notably, MEXC’s users have been complaining about account restrictions since Dec. 16.
MEXC’s reported statement to complaints reads,
Regarding the account restrictions and issues related to futures trading/assets that you have raised, our risk control system and relevant personnel have conducted a thorough examination. It has been identified that there have been abnormal trading activities in your account and associated accounts. In accordance with the terms of use, we have taken measures to recover the losses incurred.
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4️⃣ Coinbase Fires Back at Sen. Elizabeth Warren: Accusations "Simply Wrong" ❗️
Coinbase's Chief Policy Officer, Faryar Shirzad, has reportedly published a letter dated December 22 in response to Sen. Elizabeth Warren's letter accusing the company, among others, of resisting regulation by hiring former government and law enforcement officials in a "revolving door" system.
Notably, Coinbase’s letter rejects Sen. Warren's claims by calling it “a willful misrepresentation of our intentions and efforts,” claiming the hires represent the "finest talent at every level" and that Coinbase supports "responsible regulation and legislation" in the cryptocurrency space.
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https://www.youtube.com/watch?v=XD6KSZNTpt4
Читать полностью…
Nigeria’s top banks are reportedly collaborating to create and oversee a new stablecoin called the ‘cNGN’. The new stablecoin will reportedly be designed to bring advantages to both token holders and the Nigerian economy and will offer interoperability with various public blockchains, facilitating effortless global transfers and broadening its use internationally. It will be backed by and pegged to the Nigerian naira, the country’s fiat currency. Notably, partners in the cNGN initiative, namely Access Bank, Sterling Bank, Providus, Korapay, First Bank, Interstellar, Interswitch, Budpay and Convexity have stated that the cNGN will serve as a complement, not a substitute, for the eNaira.
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🚨Rally Report🚨
IMMUTABLE
The price of IMX has rallied by 13% in the past 24 hours.
WHY?!
🎉 Investors seem to be bullish after Immutable founder Robbie Ferguson posted a tweet earlier today highlighting how Immutable has officially onboarded over 25 games in the past 23 days. He also noted that the amount of early-stage web3 gaming deals has increased by 3 to 5 times in the past two months.
🚀 Notably, Immutable also recently announced the official launch of its ‘Immutable Passport’ - a universal sign-on and wallet solution aimed at simplifying access to online games and marketplaces for players. It also saw a number of the games using its blockchain and marketplace being listed on the Epic Games Store.
If you want to buy or trade IMX, 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/
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6️⃣ Prometheum Earns Final Regulatory Nod to Try Hand at Fully-Compliant Crypto ❗️
Prometheum Inc., the obscure firm which made the headlines earlier this year for being the first firm to obtain the special-purpose crypto broker-dealer license, has reportedly obtained approval to clear and settle digital assets securities trades from FINRA. While the company is yet to launch any operations, its co-CEO Aaron Kaplan stated it will begin taking custody of institutional clients' assets within the next quarter.
Kaplan stated,
We really feel that this transition of crypto to federally-regulated ecosystems is a major step forward for the industry as we still need a responsible way for the American public to participate in the digital asset space.
Source
https://www.youtube.com/watch?v=ETpm0aQdlCg
Читать полностью…
📣📣 MARKET MOVING NEWS! (21/12/23)
1️⃣ Court Freezes $1 Billion of Assets of Three Arrows Capital Founders 🥶
According to Three Arrows Capital (3AC) liquidators ‘Teneo Restructuring,’ a British Virgin Islands court has frozen up to $1.1 billion worth of assets belonging to Su Zhu, Kyle Davies and Kelly Chen (the wife of Kyle Davies).
Teneo stated,
The worldwide freezing order has been sought in connection with claims that are being pursued by the liquidators that allege, amongst other things, that the Founders should be held responsible for causing 3AC’s position to deteriorate by an amount that is equivalent to the value of the freezing orders sought.
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2️⃣ Worldcoin Halts Iris Scanning In India, Brazil, France 🧐
According to local media reports, the decentralised identity protocol ‘Worldcoin’ has shut off its offline orb verification function for users in three markets: India, Brazil, and France. Notably, Tools for Humanity, the foundation overseeing Worldcoin, stated that the project had “silently discontinued” the orb verification process in India “3-4 months ago.” It further explained that from the start, the Orb was a “limited-time access” initiative in India, France and Brazil.
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3️⃣ U.S. Appeals Court Finalizes Mandate for Forfeiture of Silk Road Bitcoin ⚖️
According to recent court filings, a U.S. appeals court has finalised a mandate that formalizes the forfeiture of 69,370 of bitcoin and other crypto connected to the now-defunct Silk Road dark web market. Notably, the filings reveal that although the mandate takes effect now, the judgment was first made in August.
The U.S. government has been in control of the crypto ever since it was handed over by the anonymous "Individual X" who hacked into Silk Road and gained control of its funds. In addition to Bitcoin, the seized assets also included Bitcoin gold (BTG), Bitcoin SV (BSV), and Bitcoin Cash (BCH).
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4️⃣ Ledger to Disable Blind Signing on Dapps by June 2024 ❗️
Following the recent exploit of Ledger’s Connect Kit software library, the hardware wallet manufacturer has announced that it will be disabling blind signing for EVM dapps by June 2024. Ledger also announced that affected victims would be "made whole" and that it is committed to working with the DApp ecosystem to allow “Clear Signing” - a "what you see is what you sign" approach in which smart contract signing is parsed in a human-readable manner.
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5️⃣ Judge Denies Request From SBF Lawyers To Delay Sentencing ❌
U.S. federal judge Lewis Kaplan has reportedly denied former FTX CEO Sam Bankman-Fried’s request for a four- to six-week adjournment of his sentencing hearing. Notably, SBF’s lawyers had requested for the sentencing hearing to be rescheduled from March 28 to "early-mid May 2024." Notably, Judge Kaplan stated that the defence had previously not raised any objections to the sentencing date and that SBF was already granted enough time for the pre-sentencing interview.
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6️⃣ Avail Collaborates With Starkware To Reduce Costs For ‘Layer 3’ Madara Appchains 🤝
Data availability solution ‘Avail’ is reportedly collaborating with StarkWare to enhance data availability for validity-powered appchains within the Starknet Layer 2 network. Notably, Avail will allow these so-called “layer 3” networks to reduce data publishing costs by up to 90% when compared with using Ethereum for data availability, without relying on a permissioned solution.
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