Crypto California Club

28 ноября 2023 09:47

Burger King installed cryptocurrency-accepting machines to rent external batteries

The machines are connected to the cryptocurrency payment services Alchemy Pay and Binance Pay.

"The installation of such a vending machine by Burger King in Paris marks a big step in the adoption of cryptocurrency to pay for real goods and services," Alchemy Pay said in a press release.

Yann Phu, CEO of Flash Development, a distributor of Instpower vending machines in Europe, said the availability of such systems in Paris is an important development for the European market.

"In Asia, these machines are widely used, but in Europe the market is just starting to get to grips with them. With Alchemy Pay helping users pay with cryptocurrency through Binance Pay, we are offering advanced payment methods to Europeans," he said.

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25 ноября 2023 11:40

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23 ноября 2023 09:15

🦁 Argentina to Settle Chinese Imports in Yuan to Safeguard Dwindling Dollar Reserves

The economy minister of Argentina, Sergio Massa, announced that starting this month, payments for imports coming from China will be settled using the Chinese yuan. The agreement, which will allow the country to safeguard its dwindling dollar reserves, involves the disbursement of more than $1 billion in April.

China is currently Argentina’s international partner, and this move will ostensibly allow the country to lessen the weight of imports on the weakened state of Argentine reserves.

The Chinese concession given to Argentina by Chinese President Xi Jinping allows the central bank to focus its attention on the devaluation and inflation spiral Argentina is currently experiencing by injecting resources to stabilize its fiat exchange rate, which reached record lows last week against the U.S. dollar.

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21 ноября 2023 08:36

👑 Trezor Enables Coinjoin for Trezor T Model to Bolster a ‘New Era of Privacy’

According to Trezor, the crypto hardware wallet manufacturer, owners of the Trezor T model can now use a Coinjoin feature to preserve their privacy.

Owners of the Trezor T model can now use a new Coinjoin service that was added to the device’s features on Wednesday.

The use of Coinjoin with the Trezor T model is optional, and a Coinjoin account must be activated in the Trezor software suite.

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20 ноября 2023 10:17

🐃 Ethereum (ETH) Hits New All-Time High Just in Time for Major Shanghai Update

The Ethereum (ETH) blockchain has achieved a new milestone, with the number of non-zero addresses reaching an all-time high of 97 million, according to Glassnode data. This record-breaking achievement comes just in time for the highly anticipated Shanghai update, which will take place in almost three days, approximately April 30.

The surge in non-zero addresses indicates growing interest in ETH, as more people are creating wallets and investing in the cryptocurrency. This is a positive sign for the ecosystem, as it reflects wider adoption of decentralized finance (DeFi) and non-fungible tokens (NFTs) built on top of the Ethereum network.

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16 ноября 2023 09:21

🌴 US Chamber of Digital Commerce Backs Binance, Urges SEC to Drop Lawsuit

Founded in July 2014 by Perianne Boring, the U.S. Chamber of Digital Commerce is a Washington, D.C.-based trade association and advocacy group that promotes crypto assets and blockchain technology. On October 19, the group filed an amicus brief backing the world’s largest crypto exchange by trade volume, Binance.

In the brief, the Chamber stressed the importance of maintaining clear jurisdictional boundaries, cautioning against an overreach of the SEC’s authority. Extending U.S. securities law into areas unrelated to securities markets, they argue, could have unintended consequences for various sectors of the U.S. economy.

The crypto advocacy group wrote:
The SEC is suing the equivalent of a grocery store selling oranges and other fruit, or an online e-commerce marketplace, like Amazon. Tokens alone are not securities, and the markets where they are available to buy and sell are not securities exchanges.

The brief underscored the pressing need for a transparent regulatory framework for digital assets. Echoing Senator Cynthia Lummis‘ sentiments, the Chamber emphasized that Congress should provide unambiguous guidance to foster innovation while ensuring consumer protection.

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14 ноября 2023 08:06

🐻 US Spy Agency Plans to Launch Generative AI Tool to Amplify Intelligence Gathering

Reports indicate that the U.S. Central Intelligence Agency is poised to unveil a generative artificial intelligence (AI) tool, akin to Openai’s Chatgpt, to significantly enhance investigative efforts. Randy Nixon, the head of the CIA’s Open-Source Enterprise division, explained that this innovation will empower users to effortlessly trace back to the original sources of the information they are amassing.

This tool, will remain off-limits to U.S. bureaucrats and the general populace, with Nixon emphasizing its stringent adherence to privacy laws.

“We’ve gone from newspapers and radio, to newspapers and television, to newspapers and cable television, to basic internet, to big data, and it just keeps going,” Nixon told Bloomberg on Thursday. “We have to find the needles in the needle field.”

Nixon added:
The scale of how much we collect and what we collect on has grown astronomically over the last 80-plus years, so much so that this could be daunting and at times unusable for our consumers.

In the span of the past eight months, generative AI has soared to prominence, with dominant players raising billions of dollars to propel this technology forward. It has seamlessly integrated into various sectors of society, including the realms of finance and the burgeoning cryptocurrency ecosystem. Yet, the ascent of this technology has bureaucrats and regulators on edge, prompting plans to institute regulations.

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13 ноября 2023 11:20

🌴 Decentralized Exchange Sushi Ventures Beyond Ethereum by Expanding to Aptos

The decentralized crypto exchange Sushi is expanding to the Aptos blockchain. The team noted that the move marks Sushi’s first expansion onto a non-EVM blockchain.

Sushi is a decentralized exchange (dex) and automated market maker (AMM) built on the Ethereum blockchain. It allows users to trade crypto assets and provide liquidity in return for rewards. The dex also has a native governance token called SUSHI.

According to the announcement, “This expansion to Aptos not only unlocks a new level of deep liquidity across major blockchain networks but also significantly elevates the cross-chain trading experience.” Sushi’s team insists the decision will strengthen its leading cross-chain position by spreading to Aptos.

Sushi was once a top dex but volume has dropped considerably over the past few years. Defillama statistics show that the dex platform has $347.23 million total value locked across various protocols. Sushi’s TVL has also lost a great deal of value since November 2021, after holding more than $8 billion.

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11 ноября 2023 15:09

🦁 Operators of Central African Republic-Based Crypto Investment Firm Disappear With $1.6 Million

The operators of a Central African Republic (CAR)-based cryptocurrency investment company, Clé du Succès, are accused of defrauding investors of approximately $1.6 million or one billion CFA francs, a report has said. The company, which only began its operations in September, is said to have abruptly closed shop on Oct. 8 leaving both investors and employees uncertain about the fate of their investments and jobs.

According to a report, Clé du Succès, which is a duly registered company and has been issued with a tax identification number, lured prospective investors with the promise of a 20% return on investment. The report added that some victims of the apparent scam had invested their life savings.

Consequently, the police have launched an investigation into the operations of Clé du Succès which is being overseen by the Research and Investigation Section (SRI).

Meanwhile, the report revealed that high-profile personalities are among the hundreds of CAR residents who fell victim to Clé du Succès’ scam. Such high-profile personalities include unnamed lawmakers, senior government employees, and traders.

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10 ноября 2023 08:51

👑 Bitcoin Miners Sail Through Over 400 Difficulty Changes With 13 More Anticipated Before the Halving

Bitcoin’s difficulty saw a 6.47% increase this week, surpassing the 61 trillion mark at block height 812,448. This marked the cryptocurrency’s 403rd difficulty epoch, some of which included retargets with no change. In basic terms, Bitcoin’s difficulty measures the challenge of identifying a new block relative to its easiest potential level.

This measure, denoted by a specific number, is adjusted by the Bitcoin protocol every 2,016 blocks — approximately every two weeks — based on the time taken by miners to discover those 2,016 blocks. The difficulty adjustment ensures a consistent discovery of new blocks by miners, regardless of the number of miners in the network.

Notably, during its initial phase at block height 2,016, the difficulty didn’t alter due to a lack of mining activity.

If these blocks are discovered quicker than this ten-minute benchmark and the block discovery rate accelerates, the difficulty escalates. Conversely, if it lags, the difficulty diminishes.

Bitcoin’s difficulty will persistently adapt, responding to the ebb and flow of miners within its network. To date, miners have amped up their hashrate, pushing it by an impressive 0.68 exahash per second (EH/s) daily. Remarkably, despite 15 difficulty increases in 2023, the hashrate still surged, tacking on an extra 194 EH/s in under a year.

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06 ноября 2023 08:27

🐃 South African Crypto Premium Surge After Kraken Abruptly Starts Blocking Deposits by Local Residents

The premium on crypto assets listed on South African exchanges briefly surged to 3.5% after Kraken’s abruptly started blocking deposits from users based in the African country. Some South African crypto experts have linked Kraken’s decision to the Financial Action Task Force’s recent addition of the African country to its greylist.

According to a report, the U.S.-based crypto exchange Kraken’s recent decision to stop accepting deposits from South African nationals briefly saw the premium on crypto assets like bitcoin surge to 3.5%. Before Kraken’s announcement, the premium or arbitrage, which is the gap between prices of crypto assets on global exchanges and South African exchanges, had reportedly ranged between 0.7% and 1.5%.

As explained in a report published by Moneyweb, Kraken made the sudden decision to block South African deposits after its banking partner placed the African country on its anti-laundering blacklist.

Meanwhile, the report by Moneyweb suggested that Kraken’s abrupt decision had impacted many local crypto arbitrage market participants. However, according to the report, market participants such as crypto arbitrage and forex specialists like Future Forex have since found alternatives.

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04 ноября 2023 16:02

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31 октября 2023 15:02

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29 октября 2023 10:04

🦁 DeFi Exchange Mango Markets Will Soon Start Refunding Users for $114M Exploit

Mango Markets, the decentralized crypto exchange (DEX) that suffered an exploit earlier this month, will soon start refunding users for the $114 million exploit.

The DEX had earlier said that its decentralized autonomous organization (DAO), entities that are owned and governed by their members without any central leadership, would vote on how to refund users.

"The program for depositors to recover funds is in audit and should be ready to go by tomorrow morning.

Much thanks to all the Mango contributors working tirelessly to make this happen," Mango Labs co-founder Daffy Durairaj said in a tweet.

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27 октября 2023 09:10

✨DISCIPLINA is a project from the golden age of crypto, made by a relatively anonymous team✨

🤓It stores verified personal profiles based on academic and professional achievements. It is backed by Cardano founders, who invested in the project.

👉DISCIPLINA's blockchain is quite compact, just like Mina's. It also has a testnet and a Mac wallet.

🔅NFT's implementation is planned to validate the authenticity of platform's content and courses.

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Crypto California Club

27 ноября 2023 08:48

🌴 Stablecoin Issuer Circle Keeping an Eye on Hong Kong's Crypto Policies Amid Asian Market Focus

US-based stablecoin issuer Circle is closely monitoring Hong Kong’s crypto policies as the government pushes for a friendly regulatory framework.

Hong Kong is looking to establish itself as a major hub for stablecoins and digital assets markets, Circle CEO Jeremy Allaire said in a recent interview with Bloomberg on the sidelines of the World Economic Forum in Tianjin, China.

He added that Asia is a huge area of focus for Circle, particularly since it received a license as a major payments institution in Singapore, which allows it to offer digital payment token services as well as domestic and cross-border money transfer services within the city-state.

The comments come as Hong Kong implemented its new regulatory framework for crypto earlier this month.

The new rulebook allows retail investors the ability to trade virtual assets, instead of restricting digital assets trading to professional investors and traders with at least $1 million in bankable assets.

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24 ноября 2023 11:19

🦁 ConsenSys Layer 2 network Linea adds loyalty NFT campaign to drive adoption

ConsenSys-built Layer 2 network Linea is introducing a loyalty NFT campaign to boost activity on its testnet.

The program will reward users with NFTs for performing certain tasks related to using the testnet, according to a blog post. The plan aims to help stress the network and test activities at scale ahead of the network’s mainnet launch expected in the coming months.

The weekly challenges will involve using bridging protocols built on the Linea testnet including Hop Protocol, Celer Network, Multichain and Connext. Bridging refers to the transfer of digital assets across different networks.

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21 ноября 2023 19:30

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20 ноября 2023 13:02

🐃Islamic Coin Is Now Expecting New Listings After Its Official Launch On KuCoin!

Official listing of ISLM on KuCoin was held on October 10. Islamic Coin also announced that KuCoin is only a kickstarter and soon there will be listings on other top-tier op-tier exchanges soon.

Islamic Coin has members of UAE Royal Family on Advisory Board. The potential audience of ISLM is over 2 billion holders (1.8 billion Muslims + crypto-enthusiasts). ISLM developers believe that if at least 3% of this audience holds their token, the capitalization will be comparable to BTC. And they already have the biggest Twitter account among crypto Muslim community with 1.3M followers.

Even before the listing Islamic Coin has already secured $400M from private investments and ABO Digital. Rumors say that new listings are coming up, which means new liquidity. If you are interested - Explore KuCoin to trade ISLM now.

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17 ноября 2023 16:13

$AVG looks to be finding a solid bottom here at this level,

Strong HODLers and I assume will have a very strong CEX listing very soon.

https://v2.info.uniswap.org/token/0xa41F142b6eb2b164f8164CAE0716892Ce02f311f

Crypto California Club

15 ноября 2023 11:33

🐃 New Documentary Exposes the Turbulent Downfall of FTX and Sam Bankman-Fried

Bloomberg is gearing up to unveil one of the first documentaries delving into Sam Bankman-Fried (SBF) and FTX’s saga. This Bloomberg Originals production casts a spotlight on the “dramatic downfall of his cryptocurrency enterprise.”

A trailer, just over two minutes, has also made its debut on October 13. This unveiling coincides with SBF navigating the treacherous waters of his New York trial, where he confronts testimonies from former allies like Caroline Ellison and Gary Wang.

These former associates have painted a damning picture, alleging SBF directed them into fraudulent activities and greenlit Alameda’s mingling with FTX’s client funds. Amidst this media frenzy, acclaimed “Big Short” author Michael Lewis is on a promotional spree for his latest offering, “Going Infinite: The Rise and Fall of a New Tycoon.”

Lewis’s tome, despite its completion, hasn’t been spared from criticism. Especially contentious was his claim on “60 Minutes” that FTX “actually had a great real business.”

Such assertions starkly clash with the recent testimonies of Ellison and Wang. Nonetheless, with all these biopics coming, audiences are in for a whirlwind tale encompassing vast fortunes, hedonistic indulgences, polyamorous relationships, and layers of deceit.

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13 ноября 2023 16:36

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12 ноября 2023 12:06

👑 Venture Capital Firm CoinFund Raises $158 Million to Drive Innovation in Early-Stage Crypto and AI Companies

The crypto-focused venture capital firm CoinFund has closed a fundraising round for its latest VC fund, the CoinFund Seed IV Fund, after raising $158 million from investors. The investors in the new fund are a combination of family offices, institutional investors and high-net worth individuals, an announcement from CoinFund said.

The announcement added that the amount raised far exceeded its initial fundraising goal of $125 million, despite a general slump in the market for VC investing. “The Fund will support pre-seed and seed stage investments in new and ambitious founding teams across the web3 ecosystem,” the announcement said.

Investments made by the new fund will focus on “thoughtful, long-term” projects that have a “clear, yet non-consensus view of how next generation applications will be built on web3 rails.”

In a Twitter thread, the New York-based VC firm admitted that current environment for crypto projects is “tough,” with both foundational technical challenges to solve and an “evolving regulatory” landscape to operate in.

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10 ноября 2023 12:06

Not a week goes by without interesting news about the Sundae project.

After a post by one of the founders of the Odyssey project regarding Bitget exchange opening Sundae deposits was published, Elon Musk made a post on his X network:

"Ice cream is one of the great joys of life."

It's hard not to agree with Elon. In just two months, the Sundae token's value has increased from $0.25 to $4, making its many followers 16 times richer.

We'd like to remind you – this is at least the third mention by Musk of some "ice cream." The first mention miraculously coincided with the listing on MEXC.

So, what is Sundae? What's the secret behind the rapid token's value growth during such a depressive period of bear market rally?

The secret of this growth partly lies in rumors that Sundae senators have established an accumulation fund where about 30% of the token's sales profit goes.

The fund plans to invest in various sources of income, such as trust funds, media, online schools, IT companies, digital agencies, and even immortal canvases by world-famous authors.

The project has all chances to become revolutionary, as evidenced by its listing on major exchanges like MEXC and Bitget, the participation of bloggers with a million-strong audience and funds that previously invested in the current market "monsters."

One of the Odyssey co-founders explains: "Sundae means 'ice cream dessert.' Yesterday, the token cost only $0.25, less than ice cream. Today it's already $4, and tomorrow it could be worth thousands. Can you buy your secure future at the price of an ice cream? A foolish question, of course, you can!"

Crypto California Club

08 ноября 2023 15:00

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Crypto California Club

05 ноября 2023 11:29

👑 Accomplice of 'Cryptoqueen' Ruja Ignatova faces extradition to US.

The British national facing extradition was allegedly involved in laundering $105 million through the crypto Ponzi scheme OneCoin starting in 2014.

Christopher Hamilton, a British national allegedly connected to Cryptoqueen’ Ruja Ignatova’s cryptocurrency scheme OneCoin, reportedly faces extradition to the United States on charges related to a scam going back to 2014.

According to a Tuesday report from legal news outlet Law360, a judge in the United Kingdom will allow the process to move forward for Hamilton to be extradited to the U.S. on charges of wire fraud and money laundering.

Hamilton was allegedly involved in laundering $105 million through the crypto Ponzi scheme OneCoin, which defrauded more than 3 million investors of more than $4 billion through the sale of packages starting in 2014.

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03 ноября 2023 10:55

November promises to be a very eventful month for all participants of the Sundae project

Is this tied to the project's creator announcing an imminent token listing on a major exchange or the upcoming Sundae Day in the USA? We will find out soon.

A reminder of what is known about the project:

Sundae is a crypto token that equates to digital art. Currently, Sundae is available at the price of an ice cream, but in a month, the token's value may reach $25, and subsequently $50, $100, or even $1000.

What is remarkable it's the coincidence: one of the Sundae creators posted information about the project on Telegram, and 20 minutes later, Elon Musk posted a photo where he was eating Sundae ice cream in his childhood. It might be a coincidence, but it could also be Musk's intention.

Investing in Sundae today might resemble buying McDonald's stocks on its opening day in 1940 or accidentally purchasing a Picasso drawing for ten dollars.

The Sundae project was established by the team of Odyssey and the popular meme token Grimace.

This pathetic uptrend on the crypto market you call a pump is just a dead cat's bounce.

Save yourself with the help of the main defensive asset in the world. Сlock's ticking ©

Crypto California Club

31 октября 2023 11:16

Visa has a competitor: digital yuan (e-CNY)

For decades, Visa has been the exclusive provider of electronic payments at the world's largest sporting event. However, at the Beijing Games this year, Visa is forced to share the championship with China's new digital currency, e-CNY.

It is known that China is at the forefront of digitization of payments, largely thanks to the popular mobile networks Alipay and WeChat, which are managed by Chinese Internet giants Ant Group Co. and Tencent Holdings Ltd.

At the previous Olympic Games, cash and Visa cards were the only permitted forms of payment, although the former were used less frequently at sports venues after the 2004 Olympic Games in Athens.

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28 октября 2023 10:03

👑 US lawmakers hold EU and UK as examples of crypto regulation in joint hearing

With the European Union coming closer to passing the Markets in Crypto Assets framework and Kraken in the process of investing in the United Kingdom, lawmakers are taking notice.

Some members of the United States House of Representatives’ Financial Services and Agriculture Committees pointed to crypto asset frameworks being employed outside the country when discussing regulatory gaps at home.

In a November 10 joint hearing on the future of digital asset regulation, some lawmakers pointed to the European Union’s Markets in Crypto Assets framework and digital asset regulation in the United Kingdom in contrast with the patchwork of requirements in the United States.

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26 октября 2023 09:50

👑 Manchester United accused of copying work of NFT artist DesLucrece

An official NFT collection from the Manchester United Football Club has been accused of looking a little too much like the work of a popular NFT artist known for his colorful animated monsters.

A Twitter user chided Manchester United for the similarities between its "The Devils" collection and the work of DesLucrece, the pseudonymous name of an NFT artist known for the Des Monsters collection that currently has a floor price of 17.5 ETH, or $20,825, on OpenSea.

In a side-by-side comparison, nearly identical characters share a color scheme, similar eyes and horns.

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