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Senator Cynthia Lummis introduced the "Bitcoin Act of 2024" bill, proposing the creation of the U.S. Strategic Bitcoin Reserve with the purchase of 1 million BTC over 5 years 🚀
Senator Cynthia Lummis introduced the "Bitcoin Act of 2024" bill, proposing the creation of the U.S. Strategic Bitcoin Reserve. It includes the purchase of 1 million bitcoins over 5 years, their storage for at least 20 years, and the use of federal transfers to fund the program. The reserve will be decentralized and open to independent audits, with the possibility for states to store assets in separate accounts.
The SEC approved the 7RCC ETF with 80% exposure to Bitcoin futures and 20% to carbon credit futures, offering investors a unique opportunity to combine cryptocurrency and environmental assets 🌍
The U.S. Securities and Exchange Commission (SEC) has approved the creation of the 7RCC ETF, a combined investment product with 80% exposure to Bitcoin futures and 20% to carbon credit futures. This innovative fund offers investors the opportunity to participate in Bitcoin growth while addressing environmental issues. The approval is seen as an important step toward integrating cryptocurrency investments with the principles of environmental, social, and corporate responsibility (ESG).
In Ankara, fraudsters deceived a businessman out of 38 million lira by installing spyware through a fake cryptocurrency app and gaining access to his banking details 💸
In Ankara, businessman B.A. became a victim of fraudsters who posed as employees of a cryptocurrency exchange. After investing $250 and making a profit, he continued his investments through a fake app, through which the fraudsters installed spyware and gained access to his banking details. As a result, they transferred 38 million lira to their wallets. B.A. reported this to his lawyer.
The Financial Commission and FIU of South Korea identified 500,000+ KYC violations on Upbit: the use of improper IDs threatens license renewal and leads to fines 🚨
The Financial Commission and FIU of South Korea have identified massive KYC violations at the Upbit crypto exchange, where more than 500,000 clients used improper identification documents. This was discovered during the review of a license renewal application. The violations may result in fines; however, due to their scale, the question of their amount becomes critical.The decision to renew the exchange's license is now at risk.
DeFi Technologies launches CoreFi Strategy Corp for regulated access to yield from Bitcoin and CORE tokens using Dual Staking and innovative financial strategies 💼
Ilya Lichtenstein sentenced to 5 years for stealing 120,000 bitcoins from Bitfinex ($10.5 billion) and laundering funds with his wife Heather Morgan, who faces 18 months ⚖️
18 Republican attorneys general have sued the SEC and Gary Gensler, accusing them of overstepping their authority and attempting to take away states' right to regulate cryptocurrencies 🏛️
The European Commission has fined Meta €797.72 million for violating EU antitrust rules, including the forced linking of Facebook Marketplace with the social network Facebook 💶
Tether launches the Hadron platform for asset tokenization: from stocks and bonds to stablecoins with a focus on security and regulatory compliance 📜
World Liberty Financial (WLFI) selects Chainlink for the integration of Price Feeds data on Ethereum and the launch of Aave v3 with USDC, USDT, ETH, and WBTC assets on its platform 💡
How did the idea of creating cryptocurrency come about?
Is cryptocurrency an asset or a payment method?
The FBI searched Shane Kaplan's apartment, CEO of Polymarket, taking his phone and electronic devices, a week after successfully predicting Trump's victory in the election 📱
The FBI conducted a search of Polymarket CEO Shane Kaplan's apartment in Manhattan, taking his phone and electronic devices. The reasons for the search were not disclosed, but a source suspects political revenge for accurately predicting Trump's victory in the election. Polymarket, supported by Peter Thiel, suspended operations in the U.S. in 2022 after a fine from the Commodity Futures Trading Commission. The platform is now only available outside the U.S.
Denmark company Netcompany has developed a "white paper" on the responsible use of AI with a focus on GDPR standards and minimizing risks for the financial sector and government institutions, with the support of Microsoft 📜
The Denmark company Netcompany, together with government institutions, has developed a "white paper" on the responsible use of AI in the public and private sectors. The document includes best practices for compliance with GDPR standards and minimizing AI risks and bias. The main goal is to help companies, especially in the financial sector, integrate AI within the framework of strict EU regulations, including the new European AI Act. A key role in the project was played by Microsoft, which invested in OpenAI.
Bybit expresses condolences and is providing aid to those affected by the floods in Spain, partnering with Admundi to rebuild destroyed homes and support families 💧🏚️
Bybit expressed condolences over the flooding in Spain and is partnering with the nonprofit organization Admundi to assist those affected. Over 200 people have died, thousands are homeless, and the damage amounts to billions of euros. Bybit's support will help rebuild the homes and property of families affected by the disaster. The company will continue to monitor the situation and is ready to provide further assistance.
Fireblocks and NongHyup Bank are launching a pilot project for the tokenization of VAT and GST refunds on purchases in South Korea to improve transparency and security 💰
Fireblocks and NongHyup Bank have signed a Memorandum of Understanding to launch a pilot project for VAT and sales tax refund using tokenization. This will enhance transparency and security, allowing real-time asset tracking and eliminating risks of errors and fraud. The project aims to improve trust between the bank and customers while reducing operational costs. In South Korea, VAT is 10%, with a refund possibility of 3-6%.
Best news of the last 10 days
MoonPay launches the MoonPay Balance solution for storing and spending fiat funds via non-custodial wallets, with SEPA and Open Banking support in 27 countries 🌍
Coinbase Wallet launches "Tap to Pay" feature to simplify crypto payments, planning expansion to 50 countries by the end of 2025, with the implementation of low fees and fast transactions 💳🌍
Coincheck is close to listing on NASDAQ after receiving SEC approval 📈: the deal with Thunder Bridge IV will be completed on December 10, 2024, and the company will trade under the ticker CNCK 💹
Delhi police arrested SK Masood Alam for creating a fake account and participating in a cyberattack on WazirX, leading to the theft of 2,000 crore rupees in digital assets 💻
Canary Capital has filed an application for a spot ETF based on HBAR with the SEC to provide access to the value of the Hedera network asset without using derivatives 💼
Canary Capital has filed an application with the SEC to create the first spot cryptocurrency ETF based on HBAR. The fund will only invest in HBAR, without using derivatives or futures. This step is part of the potential changes in cryptocurrency asset regulation, especially considering the possible change in SEC leadership. Earlier, Canary launched the HBAR Trust for accredited investors and filed applications to create ETFs for Litecoin, Solana, and XRP.
DeFi Technologies launches SolFi Technologies for investors, offering access to the Solana ecosystem through staking and validator node operations, with yields higher than third-party providers 🚀
DeFi Technologies launches SolFi Technologies, a company providing investors with access to the Solana ecosystem through its own staking and validator node operations. SolFi uses algorithms and the MEV engine to enhance returns, generating a stable cash flow with higher yields than third-party providers. These returns are reinvested or paid out to shareholders. The company also plans to acquire operating companies to accelerate growth and diversify its revenue.
In South Korea, 215 people were arrested in a cryptocurrency fraud case involving 325.6 billion won ($232 million), with over 15,000 victims, including elderly people 👮♂️
An unknown YouTuber organized a fake investment company and attracted more than $232 million from 15,000 victims in South Korea. The scheme promised 20 times the profit from investments in worthless tokens. Among those arrested are employees of the company and the YouTuber with 620,000 subscribers. The scheme targeted elderly people, forcing them to sell property and take out loans for investments. 12 arrested, including the YouTuber, remain in custody.
Google Cloud invests $10 million in the BNB Chain accelerator program to support up to 40 projects with cloud credits of up to $350K for AI and $200K for Web3 🚀
Google Cloud invests $10 million in BNB Chain's Most Valuable Builder (MVB) accelerator program. The program is aimed at developing decentralized applications on BNB Chain and will support up to 40 projects over the next two years. The projects will receive cloud credits, including up to $350,000 for AI projects and $200,000 for web3. This partnership reflects the growing intersection of blockchain with artificial intelligence and web3.