UK Plans To Ban Crypto Cold Calls, Seeks Public Opinion For Evaluation On Businesses 📌

♾ The UK government is evaluating the impact of a potential financial services cold call ban on businesses and private enterprises.

➡️ As part of its plans to minimize the risk to consumers in the economy, the UK Treasury has issued a consultation paper to poll citizens on the perceived impact of the policy amid wider plans to regulate the financial service sector against fraudulent activities.

🔔 The consultant paper highlights 19 questions as it calls for evidence and a review of existing laws on cold calls. On the surface, a cross-section of analysts backed the move as it seeks to reduce virtual asset-related scams although it may create some challenges for certain firms.

💬 “…However, without a broad ban on cold calling, scammers can simply move from one financial product to another in an attempt to bypass the law or exploit loopholes. The government now intends to ban cold calling for all financial services and products,” the paper reads.

⚡️ The authorities stated several ways potential bad actors could capitalize on the loopholes, specifically highlighting digital assets.

👌 The paper used the example of an investor who invests £250 after receiving a crypto cold call with a promise of rewards. After the first few times, the caller returns the money but in the end, the investor loses £65,000.

Exodus Records Solid Q2 with $12.4 Million Revenue 📌

➡️ Crypto wallet company Exodus recorded a revenue of $12.4 million in the second quarter, experiencing a 4% decline compared to the previous year, the company announced on Tuesday. Despite the revenue dip, Exodus achieved a net income of $1.9 million, a significant outcome that was influenced by cost reductions of 6% year-over-year.

➡️ Exodus attributed a significant portion of its total revenue to its exchange aggregation business, accounting for $11.6 million during the quarter. At the same time, revenue related to fiat onboarding witnessed substantial growth, surging by 220% to $561,000 from the previous year.

➡️ However, the volume of exchange provider transactions in Q2 dropped by 12% compared to the same period in 2022, amounting to $591.5 million. Among the most traded assets were Bitcoin (BTC), Tether (USDT), and Ether (ETH), contributing 27%, 16%, and 12% of the trading volume, respectively, the company said.

TinyTap Unveils New AI Features and Roadmap to Revolutionize Learning Material Creation for Children ⚠️

➡️ The world's largest educational games library, TinyTap, a subsidiary of Animoca Brands, launches new AI features on its platform and roadmap on August 30, further integrating AI and Web3 for education.

🟢 Founded in 2012, TinyTap has established itself as the world's largest repository of educational games, boasting an impressive collection of over 250,000 activities crafted by educators and publishers.

⚡️ With a global user base of more than 9.2 million members, the platform has made significant educational strides. In a transformative move last year, Animoca Brands acquired TinyTap, propelling the company into the Web3 arena.

🔕 Following the Animoca acquisition in June 2022, TinyTap swiftly ventured into the Web3 sector by introducing its inaugural project: Publisher NFTs. This innovative endeavor empowered creators to enhance their content monetization strategies.

🟠 Since these transformative developments, the collaboration between Animoca Brands and TinyTap has flourished.

➡️ TinyTap, on August 30, 2023, unveiled a transformative step in the education sector with the launch of one AI feature and the development of three additional AI capabilities. This move aims to revolutionize how educators and parents craft learning materials for children.

French Data Watchdog Conducts 'Inspections' at Worldcoin's Orb Center in Paris 📌

‼️ France's data watchdog, CNIL, made an unannounced visit to the verification center of Worldcoin in Paris this week, intensifying the scrutiny surrounding the cryptocurrency project's controversial privacy practices.

🔔 The surprise inspection took place at Worldcoin's Orb center, a facility where individuals' irises are scanned to grant access to the platform's crypto services, according to two employees who were present during the visit, Reuters reported.

➡️ This unexpected action by the data watchdog comes in the wake of deep-seated concerns expressed by CNIL in July regarding the legality and storage of biometric data collected by Worldcoin.

🟢 CNIL has refrained from making official comments on Wednesday's inspection, which transpired within a co-working space in Paris' 3rd arrondissement. A Politico news report claimed that representatives from CNIL questioned the top executive overseeing Worldcoin's operations in France.

👌 However, in an email to CryptoNews, Worldcoin confirmed that none of Worldcoin's top executives were present at the time of inspection at the Worldcoin's Orb center.

Synapse Token Price Plummets as Nima Capital Dumps 9 Million SNY Tokens ⚠️

➡️ On September 5, the native token of Synapse (SYN), a decentralized finance (DeFi) cross-chain bridge, experienced a substantial price drop as an unidentified liquidity provider offloaded approximately 9 million SYN tokens and withdrew all stablecoin liquidity from the platform.

🔔 Synapse stands out as a cross-chain bridge protocol, harnessing the power of Optimism technology. With an impressive track record, it boasts over 1.3 million users and a staggering $40 billion in volume.

🟢 Synapse's official X account confirmed the liquidity drop, attributing it to an "unknown liquidity provider." Notably, the platform stated that this event did not result from a security breach.

🟥 Further investigation revealed that the anonymous liquidity provider was linked to Nima Capital, a long-term capital partner of the Synapse project. In light of recent events involving Nima Capital and Synapse's liquidity provisioning agreement, the crypto community has shed additional light on the situation.

🟥 Solidus Ai Tech - Powering the Future of AI

Solidus has built an 8,000 sq ft eco-friendly High-Performance Computing Data Centre in a secure European location. AITECH has launched deflationary AI token for payments in AI, Blockchain, and HPC services. Solidus also plans an exclusive marketplace for AI software developers, featuring a profit-sharing model.

AITECH is the central token for all Solidus services, but traditional payments are also accepted and converted to AITECH seamlessly. To maintain token value, 5-10% of AITECH used on the platform will be systematically burned, with transparent tracking available.

📊Solidus Ai Tech Revenue Streams 📊

1️⃣ Artificial-Intelligence-as-a-Service (AIaaS)
2️⃣ Blockchain-as-a-Service (BaaS)
3️⃣ High Performance Computing (HPC) Power
4️⃣ Artificial Intelligence Marketplace

✅ AITECH Token Utilities ✅

✔️ License AIaaS, BaaS & rent HPC Computing Power.
✔️ DAO governance, Voting power proportional to amount of tokens staked.
✔️ Reward the most popular AI applications in our Artificial Intelligence marketplace.
✔️ Rewards for locking up tokens on our staking platform.


🟥 $AITECH Price: $0.035 +600%
$AITECH CA: 0x2d060ef4d6bf7f9e5edde373ab735513c0e4f944

BUY on these exchanges:

😁 Gate_io
📈 BitGet
👍 BitMart
😊 MEXC
🐰 PancakeSwap

🗝 Stake $AITECH on BabyDoge: babydogeswap.com/farms

🟥 Official Links:

🌐 Website
👍 OfficialChat
👍 Announcements

US Authorities Reportedly Intensify Investigation into Alleged Fraud at Barry Silbert's DCG Following Winklevoss Claims 📌

🟥 According to a Bloomberg report on Thursday, the crypto feud between the two crypto tycoons, billionaire Cameron Winklevoss and Digital Currency Group (DCG) and its CEO Barry Silbert, has attracted the attention of several US investigators.

➡️ The denied Fraud accusations thrown against DCG and Barry Silbert by Cameron Winklevoss, the co-founder of Gemini, led the US authorities to look into the finances of one of the industry's best-known empires, DCG.

➡️ In recent months, as reported, an interview involving Cameron, who co-founded the cryptocurrency exchange Gemini alongside his twin brother Tyler, was attended by prosecutors in Brooklyn, FBI agents, and staff from the US SEC.

📣 The ongoing feud between the Winklevoss twins and cryptocurrency magnate Barry Silbert traces back to an incident in November when Genesis, a DCG subsidiary, suspended withdrawals, significantly impacting Gemini, its largest creditor.

⤵️ Genesis filed for bankruptcy in January, prompting Gemini to follow terminate Gemini Earn in the same month.

Standard Chartered's Crypto Subsidiary Zodia Custody Launches in Singapore ⚠️

➡️ Zodia Custody, a subsidiary of Standard Chartered, has officially launched its digital asset custody services for financial institutions in Singapore. The company aims to cater to the growing demand from institutions seeking bank-grade custody solutions for digital assets in the Asia-Pacific region, CNBC reported.

🔔 This development positions Zodia as the first entity in Singapore that is both owned by and partnered with banks to offer digital asset custody services to financial institutions.

➡️ Zodia Custody was established in 2021 through a partnership between Standard Chartered and Northern Trust, highlighting the increasing interest of major financial institutions in the digital currency space.

🟥 Additionally, Zodia is partially owned by SBI Digital Asset Holdings, the crypto division of Japanese bank SBI, which has plans to launch its own custody business in Japan as part of this collaboration.

⚠️ Zodia Custody serves a diverse clientele that includes hedge funds, high-frequency traders, prime brokers, exchanges, and asset managers.

➡️ The company has aligned itself with Standard Chartered's robust brand reputation in Singapore, leveraging the bank's risk management, compliance frameworks, information security, and operational resilience capabilities.

An innovative centralized digital asset exchange for Muslim community and ethical finance lovers called Haqqex is launching in October🟢

📌 Haqqex is the only platform that combines trading and educational solutions following Islamic ethics. It is powered by HAQQ Network and its native token Islamic Coin ($ISLM), which recently raised $400M in funding during the bear market. Islamic Coin community has over 1.3M followers and still growing.

🔔 The official launch of Haqqex is set for October 2023. But in the meantime everyone can participate in the pre-launch registration exchange and get a 20 $ISLM bonus.

👀 Haqqex aspires to introduce exclusive features like algo trading, commodities trading, and P2P exchanges, aiming to serve the expansive global Muslim population of over 1.9 billion and the crypto community. It enables users to buy, sell, and trade in cryptocurrency assets in compliance with Islamic principles.

➡️ Users can trade in compliance with Islamic Finance. It means that Haqqex is fully Shariah Compliant and meets the requirements of Islamic banking, ensuring that margin trading follows Sharia Law. All transactions are fully transparent and compliant with the execution order.

➡️ Till the end of September users have a unique opportunity to get 1000 $ISLM by referring Haqqex to friends before the official listing of the coin. Check their web-site to know more about Haqqex and get up to 1000 $ISLM.

Crypto Exchange Bybit Expected to Leave UK Market Amid Looming Regulations ⚠️

♾ Digital asset exchange Bybit mulls a potential exit from the UK as new rules from the Financial Conduct Authority (FCA) swing into effect on Oct 8. Bybit CEO Ben Zhou explained that the new marketing rules set to be enforced in a few weeks will tighten the market, possibly forcing the firm off the UK market.

💬 “We do see regulation becoming more strict. Most likely, we’ll have to retreat in many countries. I think the UK, we’ll have to exit very soon. We recently exited France.”

🔔 Zhou added that the new amendment has changed the ecosystem around financial solicitation to the extent that it makes it impossible to practice reverse solicitation, a practice most firms adopted to maneuver the previous laws.

💬 “FCA has explicitly contacted all the major players: us, OKX, Binance, everyone — and asked what our plan is to deal with this new law. And the new law is that if you use English as a language, they will see you as trying to solicit their users, so you cannot claim that you are in reverse solicitation. Everyone is in trouble. So everyone is thinking of plans for how to deal with this new law.”

➡️ The FCA has moved to regulate crypto investments through several policies that industry players have described as harmful to the growth of the market.

SEC to Unseal Documents in Legal Case Against Binance US 🟥

‼️ In a major development, the United States Securities and Exchange Commission (SEC) is set to make public some confidential documents in its ongoing case against Binance US.

➡️ The release comes at the SEC's own request and with the consent of both parties involved in the case. This development adds another layer to the SEC's scrutiny of crypto regulation and its actions against Binance.

➡️ The legal tussle between the SEC and Binance US took an important turn today as District of Columbia District Court Magistrate Judge Zia Faruqui approved the SEC's motion to unseal certain documents. These documents, among other things, pertain to a "Motion to Compel and For Other Relief" and an "Opposition to Binance US’ Motion for a Protective Order."

🟠 Both parties agreed to the unsealing of many documents that the SEC had submitted last month. The next hearing for this case, presided over by Magistrate Judge Faruqui, is scheduled for September 18.

🔔 Judge Faruqui's order lists 18 sealed documents and another nine that are partially sealed or redacted. Binance US and any third party asserting confidentiality on these documents will have a seven-day window to argue against the unsealing. The SEC will then have another seven days to respond to these claims.