KuCoin confirms an exchange user is behind alleged daily rug pulls.😜
A community member identified a wallet address that allegedly launched several memecoin rug pulls daily for almost two years.
🏦Crypto exchange KuCoin confirmed that the address allegedly responsible for launching thousands of memecoin scams belongs to one of its users. However, the exchange will not freeze the user’s assets without any official notice from law enforcement.
😇On April 26, a Twitter user identified a wallet address that launched two to five memecoins daily for two years. Another community member pointed out that the wallet addresses were “owned and controlled” by KuCoin. At the moment, blockchain explorer Etherscan has already marked the said address as a fake phishing wallet.
In a statement sent to Cointelegraph, the crypto exchange confirmed that the wallet address belongs to one of its users. According to KuCoin’s Johnny Lyu, while the address belongs to one of the platform’s users, it will not freeze the account until it receives a notice from the relevant authorities. Lyu explained👇:
“When the reporting party has provided relevant legal documents, procedures, or reporting records, we will assist and cooperate with law enforcement agencies to take temporary risk control measures in accordance with complaints and reports, user agreements and Seychelles laws.”
🥰In addition, the exchange told Cointelegraph that if community members encounter any suspicious behavior, they must report it to the police and submit the relevant materials to its team. Lyu added that KuCoin would be pleased to cooperate after receiving the required documents.
🧐The KuCoin exchange has faced challenges in the past week. On April 24, the platform’s official Twitter account was compromised and posted a fake activity, resulting in some of its followers losing their assets. After identifying the breach, the exchange worked with Twitter to recover the social media account and promised to reimburse the victims affected by the hack.
A community member identified a wallet address that allegedly launched several memecoin rug pulls daily for almost two years.
🏦Crypto exchange KuCoin confirmed that the address allegedly responsible for launching thousands of memecoin scams belongs to one of its users. However, the exchange will not freeze the user’s assets without any official notice from law enforcement.
😇On April 26, a Twitter user identified a wallet address that launched two to five memecoins daily for two years. Another community member pointed out that the wallet addresses were “owned and controlled” by KuCoin. At the moment, blockchain explorer Etherscan has already marked the said address as a fake phishing wallet.
In a statement sent to Cointelegraph, the crypto exchange confirmed that the wallet address belongs to one of its users. According to KuCoin’s Johnny Lyu, while the address belongs to one of the platform’s users, it will not freeze the account until it receives a notice from the relevant authorities. Lyu explained👇:
“When the reporting party has provided relevant legal documents, procedures, or reporting records, we will assist and cooperate with law enforcement agencies to take temporary risk control measures in accordance with complaints and reports, user agreements and Seychelles laws.”
🥰In addition, the exchange told Cointelegraph that if community members encounter any suspicious behavior, they must report it to the police and submit the relevant materials to its team. Lyu added that KuCoin would be pleased to cooperate after receiving the required documents.
🧐The KuCoin exchange has faced challenges in the past week. On April 24, the platform’s official Twitter account was compromised and posted a fake activity, resulting in some of its followers losing their assets. After identifying the breach, the exchange worked with Twitter to recover the social media account and promised to reimburse the victims affected by the hack.
AI chatbot usage causes concern among 70% of Japanese adults🧐
A local Japanese news outlet survey revealed that 69.4% of adults want stricter regulations for AI development and implementation.😱
🌿Artificial intelligence (AI) chatbots are not new, but the rapid emergence of chatbots as integrations into emerging technology and society has raised public concerns.
A new survey out of Japan released on April 30 revealed major concerns among the local population over the widespread use of AI chatbots. According to the report from Kyodo News, 69.4% of Japanese🇯🇵 want stricter regulation in the development of AI.🌸
😇The poll was conducted as a part of a broader survey that touched on topics such as the current government approval rate and pandemic-related events. However, the AI component comes shortly after Japanese officials openly expressed their support for OpenAI, the company behind ChatGPT.
On April 10, Japanese Chief Cabinet Secretary Hirokazu Matsuno🇯🇵 said the government is contemplating AI integration into its systems. However, this would only be possible if privacy and cybersecurity issues were adequately addressed.
😅Recently, Japan has also been pushing for a more friendly environment for innovation in the crypto and Web3 space. The country’s Web3 project team released a new white paper on April 6, on ways to expand the local crypto scene.
Governments worldwide have been raising questions about AI regulation and its impacts on society. Italy was one of the first countries to temporarily ban the usage of ChatGPT. Although officials recently said the technology could reenter the country after it agreed to transparency demands.
👉In Germany, regulators launched their own investigation into ChatGPT’s General Data Protection Regulations compliance. Across the European Union, lawmakers are finalizing the Artificial Intelligence Act, which will set a precedent for all member states.
Chinese authorities also announced that AI companies and the technology itself would soon be subject to mandatory security reviews following the rise in the development of the technology.
A local Japanese news outlet survey revealed that 69.4% of adults want stricter regulations for AI development and implementation.😱
🌿Artificial intelligence (AI) chatbots are not new, but the rapid emergence of chatbots as integrations into emerging technology and society has raised public concerns.
A new survey out of Japan released on April 30 revealed major concerns among the local population over the widespread use of AI chatbots. According to the report from Kyodo News, 69.4% of Japanese🇯🇵 want stricter regulation in the development of AI.🌸
😇The poll was conducted as a part of a broader survey that touched on topics such as the current government approval rate and pandemic-related events. However, the AI component comes shortly after Japanese officials openly expressed their support for OpenAI, the company behind ChatGPT.
On April 10, Japanese Chief Cabinet Secretary Hirokazu Matsuno🇯🇵 said the government is contemplating AI integration into its systems. However, this would only be possible if privacy and cybersecurity issues were adequately addressed.
😅Recently, Japan has also been pushing for a more friendly environment for innovation in the crypto and Web3 space. The country’s Web3 project team released a new white paper on April 6, on ways to expand the local crypto scene.
Governments worldwide have been raising questions about AI regulation and its impacts on society. Italy was one of the first countries to temporarily ban the usage of ChatGPT. Although officials recently said the technology could reenter the country after it agreed to transparency demands.
👉In Germany, regulators launched their own investigation into ChatGPT’s General Data Protection Regulations compliance. Across the European Union, lawmakers are finalizing the Artificial Intelligence Act, which will set a precedent for all member states.
Chinese authorities also announced that AI companies and the technology itself would soon be subject to mandatory security reviews following the rise in the development of the technology.
SEC has 10 days to respond to Coinbase complaint: Legal exec😓
Coinbase’s legal battle for regulatory clarity over the trading of digital crypto assets saw a development as a U.S. court responded to its complaint against the SEC.
👉According to a May 4 announcement from Coinbase chief legal officer Paul Grewal, the United States Court of Appeals for the Third Circuit responded to the complaint against the U.S. Securities and Exchange Commission (SEC) regarding the need for clear rules for trading digital assets. This marks a development in the legal battle for regulatory clarity.
🧐According to Grewal, the court’s response to their complaint against the SEC was a text-only order. The court has instructed the SEC to respond to Coinbase’s writ of mandamus within ten days. A writ of mandamus is a court order addressed to an inferior government official, ordering them to fulfill their official duties properly.
Grewal stated that the court had granted Coinbase the right to file a reply to the SEC’s response within seven days of the filing. He also expressed appreciation for the court’s thorough examination of the case.😎
😅Coinbase — the largest U.S.-based cryptocurrency exchange — filed a lawsuit in April requesting that the court compel the SEC to publicly disclose its stance on a petition submitted several months prior. In the petition, the exchange posed 50 specific questions about the regulatory treatment of certain digital assets. The questions were wide-ranging, covering topics such as how tokens are classified as securities and seeking clarification on various other matters.
🙊Despite the lack of public response to the petition, the SEC has increased enforcement and issued warnings to crypto exchanges. The commission has even issued a Wells notice to Coinbase in the past. A Wells notice letter typically warns a company that the SEC may follow with an enforcement action.
Coinbase’s legal battle for regulatory clarity over the trading of digital crypto assets saw a development as a U.S. court responded to its complaint against the SEC.
👉According to a May 4 announcement from Coinbase chief legal officer Paul Grewal, the United States Court of Appeals for the Third Circuit responded to the complaint against the U.S. Securities and Exchange Commission (SEC) regarding the need for clear rules for trading digital assets. This marks a development in the legal battle for regulatory clarity.
🧐According to Grewal, the court’s response to their complaint against the SEC was a text-only order. The court has instructed the SEC to respond to Coinbase’s writ of mandamus within ten days. A writ of mandamus is a court order addressed to an inferior government official, ordering them to fulfill their official duties properly.
Grewal stated that the court had granted Coinbase the right to file a reply to the SEC’s response within seven days of the filing. He also expressed appreciation for the court’s thorough examination of the case.😎
😅Coinbase — the largest U.S.-based cryptocurrency exchange — filed a lawsuit in April requesting that the court compel the SEC to publicly disclose its stance on a petition submitted several months prior. In the petition, the exchange posed 50 specific questions about the regulatory treatment of certain digital assets. The questions were wide-ranging, covering topics such as how tokens are classified as securities and seeking clarification on various other matters.
🙊Despite the lack of public response to the petition, the SEC has increased enforcement and issued warnings to crypto exchanges. The commission has even issued a Wells notice to Coinbase in the past. A Wells notice letter typically warns a company that the SEC may follow with an enforcement action.
Pepe Coin Short Seller Loses Millions As PEPE Nears $1 Billion Cap
Pepe Coin (PEPE), the new trending meme crypto in the market is moving ahead displacing other existing meme tokens.
However, a recent bet raised by Pepe short sellers has turned out to be the biggest mistake for them as PEPE marches towards fresh gains.
https://coingape.com/pepe-coin-short-seller-loses-millions-as-pepe-nears-1-bln-cap/?ot
Pepe Coin (PEPE), the new trending meme crypto in the market is moving ahead displacing other existing meme tokens.
However, a recent bet raised by Pepe short sellers has turned out to be the biggest mistake for them as PEPE marches towards fresh gains.
https://coingape.com/pepe-coin-short-seller-loses-millions-as-pepe-nears-1-bln-cap/?ot
Artists face a choice with AI: Adapt or become obsolete 🤔
☁️ The artificial intelligence art gold rush began around 2018 when Christie’s auctioned “Portrait of Edmond Belamy” for an astounding $432,500. Since then, it has been an up-only journey for AI-generated images.
💛 “Théâtre D’opéra Spatial,” Jason Allen’s AI artwork, even won a prize at the Colorado State Fair art competition. This shows how AI-generated images have not only become more popular but also very sophisticated recently. But not everyone is happy about this development, and their concerns are valid.
✍️ The evolution of AI art has sparked feisty debates around originality, authorship and authenticity — themes fundamental to artistic expression. Generative AI, like any other technology, is intent-neutral. Whether the outcome is good or bad depends on how we use it.
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Ethereum validators earn a record $46M as staking rewards rate surges😱
Ethereum’s staking rewards hit a record 8.6% post-Merge, with validators earning $46 million in the first week of May, citing the memecoin craze responsible.🙊
😊Validators earned $46 million in the first week of May due to an increase in the staking rewards rate, which is a metric for validators’ annualized yield. According to data, validators earned 24,997 Ether in the week, representing a 40% increase over the previous week’s income of $33 million, when 18,339 ETH were distributed as rewards.
The recent trading craze of a new memecoin called Pepe 😳(PEPE) is the reason behind the increased rewards for validators. In the past week, the average fees on the Ethereum network have exceeded 100 gwei, marking the highest level since May 2022. As gas fees increase, end users pay over $30 per swap, resulting in higher fee income for validators from processing transactions and the regular validator rewards.
👉Beaconchain states that the present staking rate signifies the anticipated annualized return for validators. In order to engage in the network’s consensus procedure, validators on Ethereum are mandated to stake a minimum of 32 ETH, valued at roughly $58,000.
👉There are two types of rewards identified by ETH Store, a company that measures reward rates: consensus rewards for proposing and attesting blocks, and transaction fees for processing transactions on the Ethereum network.
🌸Since Ethereum’s network moved to a proof-of-stake consensus mechanism with the Merge in 2022, and following the recent Shapella upgrade enabling validator withdrawals for the first time, ETH staking has attained significant interest from institutions.
Ethereum’s staking rewards hit a record 8.6% post-Merge, with validators earning $46 million in the first week of May, citing the memecoin craze responsible.🙊
😊Validators earned $46 million in the first week of May due to an increase in the staking rewards rate, which is a metric for validators’ annualized yield. According to data, validators earned 24,997 Ether in the week, representing a 40% increase over the previous week’s income of $33 million, when 18,339 ETH were distributed as rewards.
The recent trading craze of a new memecoin called Pepe 😳(PEPE) is the reason behind the increased rewards for validators. In the past week, the average fees on the Ethereum network have exceeded 100 gwei, marking the highest level since May 2022. As gas fees increase, end users pay over $30 per swap, resulting in higher fee income for validators from processing transactions and the regular validator rewards.
👉Beaconchain states that the present staking rate signifies the anticipated annualized return for validators. In order to engage in the network’s consensus procedure, validators on Ethereum are mandated to stake a minimum of 32 ETH, valued at roughly $58,000.
👉There are two types of rewards identified by ETH Store, a company that measures reward rates: consensus rewards for proposing and attesting blocks, and transaction fees for processing transactions on the Ethereum network.
🌸Since Ethereum’s network moved to a proof-of-stake consensus mechanism with the Merge in 2022, and following the recent Shapella upgrade enabling validator withdrawals for the first time, ETH staking has attained significant interest from institutions.
Coinbase establishes advisory council with former US lawmakers😤
💎 Former Senator Patrick Toomey, former Representative Tim Ryan, former Representative Sean Patrick Maloney, and others will advise Coinbase on crypto policies.
👍 Following some of its leadership team visiting the United Arab Emirates, crypto exchange Coinbase has announced the formation of an advisory council staffed with many former United States lawmakers and industry leaders.
👑 In a May 12 blog post, Coinbase said its Global Advisory Council would aim to navigate the “increasingly complex and evolving” crypto landscape globally. Former Pennsylvania Senator Patrick Toomey, former Ohio Representative Tim Ryan, former New York Representative Sean Patrick Maloney, and other industry insiders will sit on the council and advise the company on crypto policies.
➡️According to Coinbase, the council currently consists of only five members, with plans to expand “with a bipartisan group of leaders with deep regulatory expertise.” Former Securities and Exchange Commission (SEC) chair Jay Clayton sits on a different board for the exchange, advising the firm on regulatory policy.
➡️ The announcement followed speculation by many that the U.S.-based crypto exchange could be considering moving its operations outside the country amid the lack of regulatory clarity. The exchange is currently in a legal battle with the SEC after receiving a Wells notice in March, prompting Coinbase to file a motion to force the commission to clarify its position on digital assets.🌸
➡️ “We chose to build in America because we want to be part of the solution and believe America would be best served by embracing the potential of crypto and blockchain technology,” 👈said the May 12 blog post.
✅ Coinbase launched its global derivatives platform in May, opening its services to users in more than 30 jurisdictions worldwide.
💎 Former Senator Patrick Toomey, former Representative Tim Ryan, former Representative Sean Patrick Maloney, and others will advise Coinbase on crypto policies.
👍 Following some of its leadership team visiting the United Arab Emirates, crypto exchange Coinbase has announced the formation of an advisory council staffed with many former United States lawmakers and industry leaders.
👑 In a May 12 blog post, Coinbase said its Global Advisory Council would aim to navigate the “increasingly complex and evolving” crypto landscape globally. Former Pennsylvania Senator Patrick Toomey, former Ohio Representative Tim Ryan, former New York Representative Sean Patrick Maloney, and other industry insiders will sit on the council and advise the company on crypto policies.
➡️According to Coinbase, the council currently consists of only five members, with plans to expand “with a bipartisan group of leaders with deep regulatory expertise.” Former Securities and Exchange Commission (SEC) chair Jay Clayton sits on a different board for the exchange, advising the firm on regulatory policy.
➡️ The announcement followed speculation by many that the U.S.-based crypto exchange could be considering moving its operations outside the country amid the lack of regulatory clarity. The exchange is currently in a legal battle with the SEC after receiving a Wells notice in March, prompting Coinbase to file a motion to force the commission to clarify its position on digital assets.🌸
➡️ “We chose to build in America because we want to be part of the solution and believe America would be best served by embracing the potential of crypto and blockchain technology,” 👈said the May 12 blog post.
✅ Coinbase launched its global derivatives platform in May, opening its services to users in more than 30 jurisdictions worldwide.
Cryptocurrency arbitrage is several logically related transactions aimed at extracting profit from the difference in prices for the same or related assets at the same time on different exchanges or on different markets of the same platform. In simple words, it is the purchase of an asset on the stock exchange, where the demand for it (and, accordingly, the price) is lower, and the sale is where it is higher.
Take advantage of the arbitration opportunities with the help of the project Nimbus - is a Defy platform managed by ISO DAO, which offers 16 training strategies for apps-based users to participate in IPOs, start-up financing, and so on.
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‘Trusted’ marketplace sold fake Trezor wallets stealing crypto: Kaspersky🧐
👉Amid the rising popularity of hardware cryptocurrency wallets, the Russian cybersecurity firm Kaspersky has reminded users about the importance of using authentic crypto devices.
Kaspersky cyber incident expert Stanislav Golovanov on May 10 reported on an issue with fake hardware wallets impersonating major wallet firm Trezor. The incident occured in March 2022.
According to the blog post, the fake Trezor wallet allowed fraudsters to steal Bitcoin via a replaced microcontroller, which enabled attackers to take over control of the user’s private keys.
😁The victim reportedly purchased a tampered hardware wallet that posed as Trezor’s advanced crypto wallet Trezor Model T. The fake wallet appeared to be exactly the same as a genuine Trezor Model T wallet, providing a standard set of wallet functions.
“When handling the wallet, nothing felt suspicious either: all the functions worked as they should, and the user interface was no different from the original one,” Golovanov wrote.
😅The fake wallet was tampered from the inside, though. According to the Kaspersky team, attackers managed to access users’ crypto assets by replacing the inner firmware. “The actual mechanism of the theft remains unclear,” Golovanov noted, adding that the issue was caused by a “typical supply chain attack.”
😃To prevent supply chain attacks, Kaspersky’s cybersecurity experts advised users to only buy hardware wallets directly from the official vendor. The firm noted that the victim bought the fake Trezor wallet through a “trusted seller through a popular classifieds website.”
👉Amid the rising popularity of hardware cryptocurrency wallets, the Russian cybersecurity firm Kaspersky has reminded users about the importance of using authentic crypto devices.
Kaspersky cyber incident expert Stanislav Golovanov on May 10 reported on an issue with fake hardware wallets impersonating major wallet firm Trezor. The incident occured in March 2022.
According to the blog post, the fake Trezor wallet allowed fraudsters to steal Bitcoin via a replaced microcontroller, which enabled attackers to take over control of the user’s private keys.
😁The victim reportedly purchased a tampered hardware wallet that posed as Trezor’s advanced crypto wallet Trezor Model T. The fake wallet appeared to be exactly the same as a genuine Trezor Model T wallet, providing a standard set of wallet functions.
“When handling the wallet, nothing felt suspicious either: all the functions worked as they should, and the user interface was no different from the original one,” Golovanov wrote.
😅The fake wallet was tampered from the inside, though. According to the Kaspersky team, attackers managed to access users’ crypto assets by replacing the inner firmware. “The actual mechanism of the theft remains unclear,” Golovanov noted, adding that the issue was caused by a “typical supply chain attack.”
😃To prevent supply chain attacks, Kaspersky’s cybersecurity experts advised users to only buy hardware wallets directly from the official vendor. The firm noted that the victim bought the fake Trezor wallet through a “trusted seller through a popular classifieds website.”
Paraspace NFT protocol 'usurper' resigns after failing to overthrow CEO 🔔
➡️ The Paraspace NFT protocol saga over the whereabouts of the protocol’s fund took another turn on May 19 as the project's consultant Jay Yao resigned from his position in the company. Last Week, the NFT protocol made headlines over the missing funds and a barrage of accusations by chief executives and CEO against each other.
🟢 "Yubo has never done any embezzlement. The whole issue is a setup Jay & Thomas are neither shareholders nor co-founders of ParaSpace. Their action have no relation with ParaSpace."
💬 The spokesperson also claimed that "Jay & Thomas are illegally using multi-sig and Twitter account to threaten Yubo as they collude to take over ParaSpace." The same day, blockchain analytics firm Secure3 published a report stating "all funds are repaid" and "we didn't see any evidence of fund embezzlement."
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Huobi Global ordered to halt operations in Malaysia ⏳
🌟 According to an official statement from Securities Commission Malaysia (SCM) on May 22, Huobi Global failed to register as a cryptocurrency exchange operator and must cease all activity. The company has been directed to disable its website and mobile applications on Apple Store and Google Play.
✨ The cryptocurrency exchange is also expected to cease advertising its products and services to Malaysian users via email and social media.
❕ SCM noted that its decision was driven by concerns about Huobi’s “compliance with local regulatory requirements.“ Having failed to obtain SCM registration, the regulator has also directed Malaysian investors to stop trading on the platform, withdraw funds and close their accounts.
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Trading training ▶️
Trading training is the process of transferring knowledge from a teacher to a student, necessary for making a profit when concluding trading transactions on financial markets and cryptocurrency exchanges.
There is academic training in specialties related to financial markets and securities markets.
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Trading training is the process of transferring knowledge from a teacher to a student, necessary for making a profit when concluding trading transactions on financial markets and cryptocurrency exchanges.
There is academic training in specialties related to financial markets and securities markets.
🎮 Platform which educates traders and investors via outstanding gamification
🎢 Trade accelerated historical charts of your desired financial instrument
🚪Many match options such as tournaments, live matches, public rooms, and private rooms
Presale Buy Link:
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Central Bank: Crypto May ‘Infect’ Russian Economy – Is a Crackdown Incoming? ❤️
⚠️ Cryptoassets have the power to “infect” the Russian economy, the nation’s crypto-skeptic Central Bank has warned.
🔛 Per the domestic news agency Interfax, the bank’s First Deputy Chairwoman Ksenia Yudaeva made the comments at a recent economic forum.
She claimed that the government and regulators needed to ensure that cryptoassets were restricted to the fringes of economic activity.
➡️ But Yudaeva conceded that it was “necessary” for Russian firms to “use cryptocurrencies in cross-border settlements.”
However, she insisted that this be done in a manner that “does not lead to the spread throughout the Russian financial system.”
🟢 The First Deputy Chairwoman said:
“The main concern of the Central Bank is that the creation of such[trading networks does not lead to the infection of our financial system with cryptocurrencies.”
✅ Yudaeva added:
“We have always been, are, and remain against encouraging and generally allowing the use of cryptocurrencies within Russia. But we believe that cryptocurrencies and digital assets can be used in international trade.”
She claimed that the government and regulators needed to ensure that cryptoassets were restricted to the fringes of economic activity.
However, she insisted that this be done in a manner that “does not lead to the spread throughout the Russian financial system.”
“The main concern of the Central Bank is that the creation of such[trading networks does not lead to the infection of our financial system with cryptocurrencies.”
“We have always been, are, and remain against encouraging and generally allowing the use of cryptocurrencies within Russia. But we believe that cryptocurrencies and digital assets can be used in international trade.”
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XRP to Exceed All Expectations In 2023? 🤔
➡️ Ripple's 2023 New Value Report reveals strong and widespread excitement regarding the potential of cryptocurrencies despite regulatory issues between the United States Securities and Exchange Commission (SEC) and many crypto firms, including Ripple.
➡️ The report noted that more than 70% of global finance leaders emphasized an increase in their confidence in the crypto industry over the past six months.
What are the factors fueling the positive outlook on the crypto industry, including trends, technologies, and use cases?
🔴 In addition, we’ll be looking at Launchpad XYZ, the first crypto portal for Web3 enables seamless onboarding for everyone.
The world of cryptocurrencies continues to evolve and shape various industries, with businesses and investors constantly seeking insights into emerging trends.
✅ Despite facing challenges in 2022 and a somewhat turbulent start to 2023, this year's report reveals a prevailing sense of excitement regarding the future of crypto and digital assets.
What are the factors fueling the positive outlook on the crypto industry, including trends, technologies, and use cases?
The world of cryptocurrencies continues to evolve and shape various industries, with businesses and investors constantly seeking insights into emerging trends.
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Crypto Too Risky for ‘Most’ Russians, Says Finance Ministry – But Could Be ‘Suitable’ for ‘Some’ 🇷🇺
➡️ Crypto is too risky for “most” Russians, the nation’s Finance Ministry has claimed. But the ministry claimed tokens could be “suitable” for “professional investors.”
Per the media outlet Nizhny Novgorod, the comments were made by Ivan Chebeskov, the director of the ministry’s financial policy department.
⚡️ Chebeskov said that most Russians should not “consider cryptocurrencies” to be a “form of savings.” He called tokens “high-risk financial instruments.”
☁️ But the policy department did not back a ban on crypto, or suggest that all Russians shun tokens.
Instead, Chebeskov claimed that coins were only “suitable for citizens who already invest in” assets like “securities and real estate.”
➡️ Chebeskov said that “a certain amount of risk still remains” for crypto investors.
He claimed that “the volatility of cryptocurrencies can reach the 100-200% mark.”
Per the media outlet Nizhny Novgorod, the comments were made by Ivan Chebeskov, the director of the ministry’s financial policy department.
Instead, Chebeskov claimed that coins were only “suitable for citizens who already invest in” assets like “securities and real estate.”
He claimed that “the volatility of cryptocurrencies can reach the 100-200% mark.”
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👇 Texas Legislature Aims to Take the Crown 👑 as the Bitcoin Mining Capital of the World! 🗺
👉 Read More 👈
👉 Read More 👈
FTX Exchange Objects to Prolonged Mediation Talks with Bankrupt Genesis ‼️
🔔 In a recent court filing, FTX said it had not been invited to a court-appointed mediation in May that involved Genesis, its parent company Digital Currency Group, and creditor Gemini Trust Co, despite being a major Genesis creditor.
📣 The bankrupt crypto exchange also objected to a motion filed by Genesis Global that sought to estimate the FTX debtors’ claims at $0.00, claiming that it was the largest creditor in Genesis’ Chapter 11 proceedings with claims worth a whopping $3.9 billion.
💬 On the other hand, Genesis argued that throwing out the FTX claims “is critical to avoid undue delay in the timing and amount of creditor distributions, and to expeditiously pursue confirmation of a Chapter 11 plan.”
📌 FTX’s filing adds to more than a dozen other individual Genesis creditors who have filed objections to extend the mediation.
📊 A hearing on the extension is scheduled for Monday but these objections are delaying Genesis and its creditors’ attempts for a settlement.
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Binance Sees $700 Million in Ethereum Outflows Amid SEC Charges 💲
✅ The world’s largest crypto exchange, Binance, saw outflows of more than $700 million on the Ethereum network alone on Monday after news broke that the exchange is being sued by the US Securities and Exchange Commission (SEC).
❕ The news of the outflows was shared by on-chain analysis platform Nansen on Twitter on Tuesday, with the tweet noting that net flows, even in the past hour, continues to be negative.
➡️ According to Nansen’s data, the 24-hour net outflow from Binance on the Ethereum network (ETH and ERC-20 tokens & stablecoins) now stands at $778.6 million.
🟢 Looking solely on BinanceUS, the US-based branch that is actually targeted by the SEC, the net outflows on Ethereum over the same period stood at $13 million, Nansen said.
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📣meta[Z] is World First NFT Marketplace and Investing Platform for Sneakers.
➡️ Sneakers Custody Service is free (a temperature and humidity controlled vault). Once the sneakers are verified authentic, NFT will be free dropped. The NFTs are ready to be traded on the marketplace.
🚨BENEFITS of METAZ NFT Marketplace🚨
1. Free custody and NFT minting for physical sneakers
2. No customs duty and VAT to be paid.
3. No purchase fee
4. Sales fee: 3% and less (StockX charges 11~13% max including shipping and authentication)
5. Redeemable for physical pairs (Redeeming fee is subject to change)
➡️ The utility token will be launching this year with De-Fi Service. Sneakers owners are able to maximise the value out of them.
🚨BENEFITS of NFT Holders (2023)🚨
1. Rewards per custody
2. Lend tokens with the NFTs as collaterals
3. Pay off with USDC or the utility tokens
4. and more to come
Complete the quest and win early bird benefits!
Join us
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