Islamic Coin’s public token offering goes live ahead of its exchanges launch! 🟢
👀 According to the Islamic Coin's socials the official public token offering in collaboration with Republic has launched recently. Before its grand entry on both centralized and decentralized exchanges coming later in September, Islamic Coin is offering a golden opportunity to secure ISLM at a presumably better price.
⚠️ Islamic Coin, the globally-recognized Shariah-compliant digital currency, is set to launch on centralized and decentralized exchanges in September 2023.But even before the listing they have already secured $400M from private investments and from ABO Digital.
➡️ Partnering with UK's DDCAP Group, Islamic Coin is poised to revolutionize the Islamic financial market, tapping into 300+ global Islamic Banks. Collaborations with Sushi and Pyypl further expand Islamic Coin's ecosystem, providing liquidity and staking assets, and setting the stage for lucrative token mining opportunities.
✔️ The project has the biggest Twitter account among crypto Muslim community with 1.3M followers. If you want to secure your ISLM before the official launch at a better price - check this special Republic web-site.
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Prominent Crypto and Fintech Alumni Launch $60M Oak Grove Ventures Fund ‼️
♾ On September 19th, Oak Grove Ventures made a significant foray into venture capital by launching a substantial $60 million fund. The fund strategically focuses on cutting-edge technology, with a keen interest in artificial intelligence (AI), Web3, and biotech.
⚠️ Oak Grove Ventures boasts a team of accomplished professionals, many of whom hail from renowned crypto and fintech firms, each with extensive industry experience.
🔔 Given their roles as former thought leaders, this collective expertise positions Oak Grove's venture capital members to provide valuable strategic support in various areas, including financing, strategy, technology, operations, and more.
🟢 The company's team lineup includes notable figures such as Shawn Shi, the co-founder of Alchemy Pay; Ethan W, the former technical lead of Libra; Sally Wanga, the former VP of Ryze Labs (formerly Sino Global); Zac Pan, the former assistant partner of Lightspeed China; and Michael Li, a technical advisor and former VP of Coinbase, among others.
⚠️ Before its venture capital endeavors, Oak Grove Ventures operated as a family office, boasting a successful track record in early-stage investments.
🔕 Over the years, they have invested in more than 30 projects, with some standout investments including ventures like the aerospace manufacturer and Neuralink, both founded by Elon Musk.
⤵️ In addition, their portfolio includes key players in the Web3 space such as Gemini, OpenSea, ConsenSys, and Animoca, as highlighted in the company's official press release."
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Google Cloud Enhances Access to Blockchain Data, Adds 11 Networks 🗣
🔴 Google Cloud has announced an addition of 11 blockchains to its ‘BigQuery’ program for datasets in a bid to provide easy access to blockchain data.
🔔 In an official statement on Sept 21, the company disclosed the 11 new networks: Avalanche, Near, Fantom, Optimism, Polygon, Polygon Mumbai Testnet, Tron, Cronos, Arbitrum, and Ethereum Görli testnet.
❕ The cloud service provider cited the need for developers to have access to a variety of public datasets as they query more chains.
💬 “We’re doing this because blockchain foundations, Web3 analytics firms, partners, developers, and customers tell us they want a more comprehensive view across the crypto landscape, and to be able to query more chains. They want to answer complex questions and verify subjective claims…”
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Gemini to Halt Crypto Services in the Netherlands Due to Regulatory Pressure 📌
➡️ Crypto regulation in the Netherlands has led Gemini to discontinue its services in the country. In an email sent to users today, the exchange announced that it will cease offering its services starting November 17, 2023.
➡️ This move comes in response to stipulations put in place by the De Nederlandsche Bank (DNB), the Dutch central bank. The announcement adds to a series of operational halts by crypto platforms, including Binance earlier this year, in the country.
⚠️ Gemini is not completely severing ties with the Dutch market, however. The email clarified that the company looks to comply with the Markets in Crypto-Assets Regulation (MiCa), a set of crypto regulations in the EU. Once they achieve this, they plan to resume operations in the Netherlands.
💬 "Gemini continues to be committed to working collaboratively with regulators around the world," the email stated.
🟥 For Dutch Gemini users, the immediate concern is the safe transition of their fiat and crypto assets. The exchange has recommended transferring assets to Bitvavo, a local exchange registered with the DNB. The email also stated that Gemini will waive any trading fees associated with the withdrawal or transfer of assets to make the transition as smooth as possible for users.
📌 The development closely follows Binance's exit from the Netherlands in July 2023. Binance had failed to acquire a virtual asset service provider (VASP) license from the DNB, which would attest to its compliance with anti-money laundering (AML) guidelines.
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The World Federation of Exchanges Chips Recommendations for Crypto Service Providers as Regulatory Concerns Grow 🔔
🟥 The World Federation of Exchanges, WFE has shared its suggestions for the digital asset sectors as user adoption and regulatory fears surges.
♾ In a Sept 28 press release, the exchange body pointed out six recommendations for the sector and regulators to address user fears as some of their members adopt blockchain technology offering digital assets alongside their traditional counterparts.
⚠️ The body explained that authorities should apply laid standards for the benefit of all stakeholders.
💬 “By applying regulatory principles that have been proven via established, trusted market infrastructures, governments and regulators can aid the crypto-trading sector to grow whilst protecting investors and ensuring orderly, fair, and transparent markets.”
📌 Top of the list is to segregate market infrastructure functions to limit crypto trading platforms (CTPs) from trading in conflict with their customers. Secondly, authorities were urged to create systems that check wider risks to protect users, especially in price-determinant markets.
🔕 A typical example still fresh on the minds of digital asset users is the fall of algorithm-based stablecoin TerraUSD and the wider Terra ecosystem.
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Brazil to Issue Digital IDs for Its 214 Million Citizens Using Blockchain Technology 📌
➡️ Brazil is set to issue digital identification documents for its more than 214 million citizens using blockchain technology.
➡️ The states of Rio de Janeiro, Goiás, and Paraná will be the first to adopt this new system, utilizing a private blockchain developed by Serpro, Brazil's national data processing service, according to an official announcement by the government.
📣 The announcement says that the entire country should be able to issue identity documents through blockchain technology by November 6. The decision to leverage blockchain technology for digital identity stems from its inherent properties of immutability and decentralization.
⚠️ Alexandre Amorim, president of Serpro, said that blockchain technology is crucial for protecting personal data and preventing fraud.
🔔 He claimed that the b-Cadastros blockchain platform significantly enhances the security and reliability of the National Identity Card project, offering a more secure digital experience for Brazilian citizens.
💬 "Blockchain technology plays a critical role in protecting personal data and preventing fraud, offering a more secure digital experience for Brazilian citizens," Amorim said in a statement.
💬 "Utilizing the b-Cadastros blockchain platform significantly enhances the security and reliability of the National Identity Card project."
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Mastermind Behind India's $24 Million Crypto Fraud Flees Country 🔴
➡️ The mastermind behind a massive $24 million crypto fraud scheme in India has managed to evade Indian security agencies and escape from the country.
❕ The criminal, identified as Subhash Sharma, fled the nation just as authorities were closing in on him, authorities confirmed to local media.
➡️ Subhash Sharma, the alleged architect of this massive crypto scam that affected thousands of investors across Himachal Pradesh and other northern-western states of India, had been the target of an intensive investigation by a Special Investigation Team (SIT).
🔔 The scale of crypto fraud was first brought to light by independent legislator Hoshyar Singh in the state assembly of Himachal Pradesh, estimating the amount to be over $24 million (Rs 200 crore).
⚠️ As reported earlier, India is currently witnessing a massive rise in crypto frauds, leaving victims in a legal abyss without any regulations or procedures in place to investigate such crimes.
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Prosecutors Seek to Block SBF from Presenting Current Value of FTX's Anthropic Investment During Trial ⚠️
🔔 Prosecutors in the ongoing Sam Bankman-Fried’s trial have requested the judge to prevent the defendant from presenting the current value of FTX’s $500 million investment in Anthropic, a startup artificial intelligence company.
⚠️ The government alleges that SBF used funds stolen from FTX customers to invest approximately $500 million in Anthropic back in April 2022.
⚠️ In a recent court filing, US attorney Damian Williams asked Judge Kaplan, presiding over SBF’s trial, to preclude the introduction of any evidence or arguments related to the value of certain investments made by the defendant.
👉 The government's argument centers on the assertion that presenting evidence about the current value of FTX’s $500 million Anthropic investment would be irrelevant to the case.
🗣 They argue that such evidence could only serve to bolster the defense's argument that FTX customers and other victims would eventually be compensated, which the court has already deemed an impermissible purpose.
❗️ The court's prior order in a similar case has been cited as supporting this perspective.
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💎Institutional trading platform 1ex is launching an airdrop💎
📊1ex is a unique modular platform for pro traders that combines a trading dashboard, risk manager, smart DOM, algo builder & more. It’s the most advanced solution for institutional crypto trading.
📣To celebrate the launch of the #1EX token, the project will distribute 40,000 #1EX among 120 lucky winners.
🎁You can win 100 to 1,000 tokens
Airdrop period: October 9 - November 6
Airdrop rules:
✔️Join the group and the channel
✔️Fill out the form
⚠️Hurry up, there isn’t much time left!
🌐https://1ex.com/
📊1ex is a unique modular platform for pro traders that combines a trading dashboard, risk manager, smart DOM, algo builder & more. It’s the most advanced solution for institutional crypto trading.
📣To celebrate the launch of the #1EX token, the project will distribute 40,000 #1EX among 120 lucky winners.
🎁You can win 100 to 1,000 tokens
Airdrop period: October 9 - November 6
Airdrop rules:
✔️Join the group and the channel
✔️Fill out the form
⚠️Hurry up, there isn’t much time left!
🌐https://1ex.com/
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1xBit, the avant-garde crypto betting platform, is proud to introduce another enhancement - Algorand and also 5 tokens based on Arbitrum!💫
What Are The Pros?
⚡️ARBITRUM is a game-changer in the realm of crypto transactions. This Ethereum Layer 2 scaling solution boasts rapid transaction speeds and minimal fees, streamlining financial interactions and optimizing cost-effectiveness. There are 5 tokens available on Arbitrum base - Ethereum, DAI, Tether, USD Coin and Bridged USDC.
⚡️ALGORAND is a solution to the infamous blockchain trilemma: it provides scalability, security, and decentralization, presenting a unique proposition in the realm of blockchain technology.
Seeking to enhance this journey even further? Stay tuned for upcoming announcements and updates on @sportsbook_1xBit!
Use promo code BITIND upon registration to get a massive welcome bonus!🍀
What Are The Pros?
⚡️ARBITRUM is a game-changer in the realm of crypto transactions. This Ethereum Layer 2 scaling solution boasts rapid transaction speeds and minimal fees, streamlining financial interactions and optimizing cost-effectiveness. There are 5 tokens available on Arbitrum base - Ethereum, DAI, Tether, USD Coin and Bridged USDC.
⚡️ALGORAND is a solution to the infamous blockchain trilemma: it provides scalability, security, and decentralization, presenting a unique proposition in the realm of blockchain technology.
Seeking to enhance this journey even further? Stay tuned for upcoming announcements and updates on @sportsbook_1xBit!
Use promo code BITIND upon registration to get a massive welcome bonus!🍀
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The largest NFT football strategy game Organya has announced its launch in 8 days
⚽️ The game allows users to play with fully licensed IP from football legends like Ronaldo and Messi while burning $FEVR tokens in each match – it's GameFi in deflationary mode.
Organya already won the Binance Chain Incubator, partnered with sports organizations and is backed by Mario Nawfal, one of the most respected names in crypto. This launch is sure to be a GameFi sensation!
💎Buy $FEVR on MEXC and join Organya.World & their X (Twitter) before it’s too late!
⚽️ The game allows users to play with fully licensed IP from football legends like Ronaldo and Messi while burning $FEVR tokens in each match – it's GameFi in deflationary mode.
Organya already won the Binance Chain Incubator, partnered with sports organizations and is backed by Mario Nawfal, one of the most respected names in crypto. This launch is sure to be a GameFi sensation!
💎Buy $FEVR on MEXC and join Organya.World & their X (Twitter) before it’s too late!
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E-naira Not A Threat - Nigeria’s Central Bank Replies to Critics, Highlights Use Cases ‼️
➡️ The e-naira continues to generate controversy on its adoption rate, use cases, and more recently, claims by some observers on the threat it poses to the economy. The Central Bank of Nigeria (CBN) has publicly backed its digital currency the e-naira which it released to rival the growing popularity of private cryptocurrencies like Bitcoin (BTC).
➡️ In an Oct 9 press release, the nation’s top banking regulator stated that the Central Bank Digital Currency (CBDC) is not a threat to financial stability urging all stakeholders to accept its use.
🟠 On Oct 4, local news outlet Punch reported on the dangers posed by the e-naira. It cited the CBN’s report, “Economics of Digital Currency, " which warned about conversions from fiat to digital currency.
🟢 The report suggests that the economy may be impacted as funds converted to digital wallets become domiciled with the top bank without access to commercial banks for loans and other financial activities.
💬 “Since its inception, bank deposit conversion to e-naira has exhibited an average monthly growth of 78.3 percent and totaled about N1.66bn [$2.1 million]. Furthermore, eNaira in circulation as a ratio of average banking system liquidity has averaged 0.1 percent, reaching highs of 0.2 percent in each of May and August 2022.”
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The highly-anticipated NFT football strategy game, Organya, is set to debut in just 8 days!
⚽️ Play with licensed IP from football legends like Ronaldo and Messi, while burning $FEVR tokens in each match for a unique blend of GameFi and deflationary mechanics.
Organya has secured the Binance Chain Incubator backing, partnered with sports organizations, and has Mario Nawfal's support.
Get ready for a GameFi revolution!
💎 Trade $FEVR on MEXC and join Organya.World
👉Follow Organya on Twitter to stay updated!
⚽️ Play with licensed IP from football legends like Ronaldo and Messi, while burning $FEVR tokens in each match for a unique blend of GameFi and deflationary mechanics.
Organya has secured the Binance Chain Incubator backing, partnered with sports organizations, and has Mario Nawfal's support.
Get ready for a GameFi revolution!
💎 Trade $FEVR on MEXC and join Organya.World
👉Follow Organya on Twitter to stay updated!
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EU’s Securities Regulator Weighs In On The Risk and Benefits of DeFi to the Economy 🔘
🔈 The European Securities and Market Authority (ESMA) has released a report on the development of decentralized finance (DeFi) and the risk posed by growing adoption. In a report released on Oct 11, the 22-page document highlights the risks posed by a sector that holds much promise and reshaped finance in the region.
➡️ According to the document, the DeFi has led to the innovation of financial products making payments easier and aiding financial inclusion to cater to the unbanked around the world.
✅ ESMA stated that the development of DeFi has notched several positives relating to transaction speed, cost, and security to an extent against traditional finance but added that its application in some areas poses a significant risk.
📝 “DeFi could contribute to greater financial inclusion by allowing users to access products and services without an intermediary who may selectively restrict access.”
⚠️ Still on the positive, the document recommends the openness of blockchain technology as it records transactions on immutable blocks without the existence of intermediaries and “central counterparties.”
➡️ Smart contracts made decentralized finance possible creating “innovative financial products” that range from futures contracts, automated market makers, flash loans, etc.
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Islamic Coin is now available for trading and deposit on KuCoin✔️
📌 $ISLM is now listed on KuCoin and it is available for non-Dubai residents only. Islamic Coin also announced that KuCoin is only a kickstarter and soon there will be listings on other top-tier exchangers.
💬 Islamic Coin developers suggest that the potential audience of the token is over 2 billion people and if only 3% or 4% of this audience holds ISLM token, the capitalization will be comparable to BTC. And the project already has the biggest Twitter account among crypto Muslim community with 1.3M followers.
🔔 Also partnerships with Sushi and Pyypl will empower Islamic Coin's global community with benefits like liquidity provision, staking assets and earning tokens during the liquidity mining phase. Partnering with UK's DDCAP Group will help revolutionize the Islamic financial market, tapping into 300+ global Islamic Banks.
➡️ Even before the listing Islamic Coin has already secured $400M from private investments and from ABO Digital. Join Islamic Coin Official Telegram Channel not to miss any community rewards announcement and other on-chain activities. Explore KuCoin to trade and deposit ISLM now.
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Our friends at Bets.io are holding yet another amazing giveaway, and this time it’s bigger, badder and radder! Yeah, you heard it right — this time it’s five iPhones 15 Pro 256 GB and twenty five $200 cash prizes! 🎉
Entering it is a piece of cake 🎂 :
1. First, you gotta have a Bets.io account
2. Then, subscribe to their Telegram channel — you don’t want to miss this kind of events, duh 😉
3. Send their Telegram bot a message and follow the instructions
And you are golden — all you have to do now is wait until October 31st ⌚️
As for additional conditions: no double entry, only legit accounts and if we can’t send you the iPhone, we’ll provide its cash equivalent. 🎁 All the cash prizes will be credited to your account.
Good luck and have fun at Bets.io! 🍀
Entering it is a piece of cake 🎂 :
1. First, you gotta have a Bets.io account
2. Then, subscribe to their Telegram channel — you don’t want to miss this kind of events, duh 😉
3. Send their Telegram bot a message and follow the instructions
And you are golden — all you have to do now is wait until October 31st ⌚️
As for additional conditions: no double entry, only legit accounts and if we can’t send you the iPhone, we’ll provide its cash equivalent. 🎁 All the cash prizes will be credited to your account.
Good luck and have fun at Bets.io! 🍀
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Terraform Labs Alleges Citadel Securities' Role in Stablecoin Depegging Conspiracy ‼️
🟥 Terraform Labs, the entity behind Terra (LUNA) and TerraUSD (UST), has accused market maker Citadel Securities of a "concerted, intentional effort" to cause the collapse of its stablecoin in May 2022.
🔔 On October 10, Terraform Labs filed a lawsuit with the United States District Court in the Southern District of Florida to call on Citadel to produce documents related to its trading actions around the time its stablecoin TerraUSD (UST) depreciated from $1 to $0.02.
➡️ Do Kwon-founded Terraform Labs, alleges that the depeg was the result of "third-party market participants" shorting the stablecoin rather than a flaw in its algorithm.
📌 The firm says in its motion:
💬 "Movant [Terraform] contends that the market was destabilized due to the concerted, intentional effort of certain third-party market participants to "short" and cause UST to depeg from its one dollar price."
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‘Crypto Rug Pull’ Leaves ‘Hundreds’ of Central African Republic Investors ‘Penniless’ ❗️
📣 Police in the Central African Republic suspect a rug pull after the operators of a crypto firm “vanished overnight.” The news outlet RFI reported that the Research and Investigation Section (SRI) of the National Gendarmerie (the CAR’s police force) have “launched an investigation” into the firm.
➡️ Prosecutors have also launched a separate investigation into the firm, whose operators – investors say – have disappeared without a trace, taking their money with them. The company is named Clé du Succès (“key to success”).
🔴 Per an earlier report from Radio Ndekeluka, the nation’s finance ministry confirmed that the Clé du Succès company has registered with authorities and was this year issued with a tax identification number.
🔔 The firm reportedly gathered investment from “hundreds” of CAR residents. Disgruntled investors were photographed outside an apparently abandoned Clé du Succès office on October 11. Clé du Succès marketing material features coins emblazoned with the Bitcoin (BTC) logo.
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An announcement about the Sundae project has appeared in the public space. Bloggers, stars and opinion leaders are discussing this project.
One of the creators of Sundae published information about the project in Telegram, and 20 minutes later Ilon Musk posted a photo of himself eating Sundae ice cream as a child. It may be a coincidence, but it could also be Musk's idea.
What's known about the project. Something partly crazy, partly grandiose is coming.
Sundae: it's a crypto-token that equates to digital art. According to the project's philosophy, without community appreciation, a Picasso painting is worthless. The value of a work of art depends on community appreciation.
Right now Sundae is available for the price of an ice cream, but in a month the token may be worth $5, and then $50, $100, $1000. With each new purchase, the "Picasso painting token" will become more and more difficult to buy. The current capitalization of the project is only $20 million.
According to the project's White Paper, Sundae holders are expected to receive multi-million dollar dividends, as well as the right to medical and legal insurance, pensions and free use of the corporation's assets.
Investing in Sundae today might be like buying McDonald's stock on the day it opened in 1940 or accidentally buying a Picasso drawing for ten dollars.
The Sundae project was created by the team behind the popular meme token Grimace, which grew in value hundreds of times in six months, making many investors millionaires.
One of the creators of Sundae published information about the project in Telegram, and 20 minutes later Ilon Musk posted a photo of himself eating Sundae ice cream as a child. It may be a coincidence, but it could also be Musk's idea.
What's known about the project. Something partly crazy, partly grandiose is coming.
Sundae: it's a crypto-token that equates to digital art. According to the project's philosophy, without community appreciation, a Picasso painting is worthless. The value of a work of art depends on community appreciation.
Right now Sundae is available for the price of an ice cream, but in a month the token may be worth $5, and then $50, $100, $1000. With each new purchase, the "Picasso painting token" will become more and more difficult to buy. The current capitalization of the project is only $20 million.
According to the project's White Paper, Sundae holders are expected to receive multi-million dollar dividends, as well as the right to medical and legal insurance, pensions and free use of the corporation's assets.
Investing in Sundae today might be like buying McDonald's stock on the day it opened in 1940 or accidentally buying a Picasso drawing for ten dollars.
The Sundae project was created by the team behind the popular meme token Grimace, which grew in value hundreds of times in six months, making many investors millionaires.
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