🚀 Crypto And Web3 Can Thrive With Proper Regulation, Says Expert
#Crypto #Web3 #Regulation #Blockchain #Decentralization #CryptoQuant #TokenIncentives #Innovation #Collaboration #FinancialSector
According to Odaily, CryptoQuant founder Ki Young Ju recently stated on X that cryptocurrencies and Web3 are not scams if properly regulated. He emphasized that Web3 enables borderless collaboration and value creation through token-based incentives, functioning more like protocols than companies. This represents a revolutionary shift in human cooperation. While multinational corporations like Google employ hundreds of thousands, Web3 protocols could potentially involve millions in the future. Although scams exist in any financial sector, this should not overshadow the immense potential of blockchain technology. With intelligent regulation, Web3 can evolve into a stable and trustworthy space. With the right rules, crypto and Web3 can responsibly flourish. Eventually, governments will make this happen. The question remains: how long will it take? This is why Ki Young Ju prefers politicians interested in cryptocurrencies, even if some of their views are extreme. Without interest, nothing progresses, and regulation won't develop. This is the current situation in South Korea. He hopes politicians will openly discuss cryptocurrencies to drive progress.#Crypto #Web3 #Regulation #Blockchain #Decentralization #CryptoQuant #TokenIncentives #Innovation #Collaboration #FinancialSector
🚀 AFM Warns Of Cryptocurrency Pump-And-Dump Risks Ahead Of MiCAR Implementation
#AFM #Cryptocurrency #PumpAndDump #MiCAR #MarketManipulation #CryptoRegulation #MarketIntegrity #Transparency #Web3 #CryptoAssets
According to Cointelegraph, the Dutch Authority for the Financial Markets (AFM) has issued a warning about the risks associated with cryptocurrency pump-and-dump schemes as new regulations are set to be implemented. The Markets in Crypto-Assets Regulation (MiCAR) will come into effect on December 30, aiming to prohibit market manipulation practices such as pump-and-dump schemes within the European Union. The AFM will be responsible for supervising and enforcing these new regulations in the Netherlands.
The MiCAR regulation is designed to enhance transparency and market integrity in the crypto sector by explicitly banning manipulative practices. The AFM has been investigating several cases of pump-and-dump schemes in recent months and plans to enforce the new regulations strictly once MiCAR is in effect. A pump-and-dump scheme involves artificially inflating the price of an asset, such as a cryptocurrency, by spreading misleading or exaggerated information, often through social media. Promoters buy a large amount of the asset at a low price, hype it up to encourage public participation at higher prices, and then sell their holdings once the price is inflated, leaving investors with devalued assets.
Hanzo van Beusekom, a member of the AFM’s executive board, stated that pump-and-dump schemes undermine trust in the crypto market, which is essential for the long-term potential of digital assets. The AFM’s alignment with Europe’s upcoming MiCAR bill is expected, but the regulatory framework could lead to an exodus of Web3 firms to the Middle East. Anastasija Plotnikova, CEO and co-founder of Fideum, expressed concerns that the regulation could lead to centralization and make the Web3 industry more akin to traditional finance.#AFM #Cryptocurrency #PumpAndDump #MiCAR #MarketManipulation #CryptoRegulation #MarketIntegrity #Transparency #Web3 #CryptoAssets
🚀 Wizzwoods To Launch Notcoin-Themed Architecture And Decorations
#Wizzwoods #Notcoin #gaming #architecture #decorations #Berachain #collaboration #innovation #pixelgame #NOT
According to Odaily, Wizzwoods will unveil Notcoin-themed architecture and decorations on September 29 at 17:00 (UTC+8). This collaboration integrates Notcoin's brand elements into the magical world of Wizzwoods, offering players a rich and personalized experience. The partnership not only enhances the gaming experience but also paves the way for future innovative collaborations for Wizzwoods. Players can look forward to exploring the unique charm created by the joint efforts of Wizzwoods and Notcoin.
Wizzwoods is the only pixel farm game on Berachain, co-incubated by Tabi.#Wizzwoods #Notcoin #gaming #architecture #decorations #Berachain #collaboration #innovation #pixelgame #NOT
🚀 Japanese Government Plans To Appoint New Ministers For Economic Security And Digital Affairs
#Japan #Government #EconomicSecurity #DigitalAffairs #Web3 #MinoruKihara #MasaakiTaira #ShigeruIshiba #Sota #CabinetAppointments
According to Odaily, the President of Japan's Liberal Democratic Party, Shigeru Ishiba, plans to appoint House of Representatives members Minoru Kihara and Masaaki Taira to cabinet positions in the next government. Sources indicate that Kihara is being considered for the role of Minister of Economic Security, while Taira is expected to be appointed as the Minister of Digital Affairs.
Startale CEO Sota expressed support for these potential appointments on social media, particularly highlighting Taira's likely new role. Sota welcomed the news, stating, 'The future of Web3 in Japan is very bright. Taira has extensive knowledge of Web3 and has consistently supported the industry.'#Japan #Government #EconomicSecurity #DigitalAffairs #Web3 #MinoruKihara #MasaakiTaira #ShigeruIshiba #Sota #CabinetAppointments
🚀 Dynamic Bitcoin Artwork 'Ascend' To Be Auctioned At Christie's London
#Bitcoin #Art #Auction #Christies #DynamicArtwork #CryptoArt #Ordinals #DigitalArt #Tskaltubo #IveriaSanatorium #BTC
According to Odaily, the dynamic Bitcoin inscription artwork 'Ascend' is set to be auctioned at Christie's in London on October 10. This piece is notable for being the only digital artwork in the auction and the first dynamic Bitcoin inscription artwork to be featured at Christie's.
'Ascend' captures the decaying beauty of the Iveria Sanatorium in Tskaltubo, Georgia. This sanatorium, once a renowned health resort during the Soviet era, was constructed between 1952 and 1962 and has since fallen into ruin. The artwork is inscribed on the Bitcoin blockchain using the Ordinals protocol and transitions between day and night modes over a 30-minute period, reflecting the real-world time in Georgia.#Bitcoin #Art #Auction #Christies #DynamicArtwork #CryptoArt #Ordinals #DigitalArt #Tskaltubo #IveriaSanatorium #BTC
🚀 DWF Labs Deposits 10 Million USDT In OpenEden For Yield
#DWF Labs #OpenEden #USDT #Yield #Investment #Cryptocurrency
According to Odaily, DWF Labs co-founder Andrei Grachev announced on X that DWFHFT has recently deposited 10 million USDT into OpenEden. This move aims to generate some risk fee income.#DWF Labs #OpenEden #USDT #Yield #Investment #Cryptocurrency
🚀 Major Token Unlocks Expected Next Week
#TokenUnlocks #SUI #OP #IMX #ZETA #DYDX #MAV #ADA #GAL #MANTA #LQTY
According to PANews, several significant token unlocks are scheduled for next week, with a combined value of approximately $295.7 million. The details are as follows:
Sui (SUI) will unlock around 64.19 million tokens on October 1 at 8:00 AM (UTC+8), representing 2.40% of its current circulating supply, valued at approximately $107 million.
Optimism (OP) is set to unlock about 31.34 million tokens on September 30 at 8:00 AM (UTC+8), accounting for 2.50% of its circulating supply, with an estimated value of $60 million.
Immutable (IMX) will unlock approximately 32.47 million tokens on October 4 at 8:00 AM (UTC+8), which is 2.02% of its circulating supply, valued at around $59 million.
ZetaChain (ZETA) will unlock about 53.89 million tokens on October 1 at 8:00 AM (UTC+8), representing 13.43% of its circulating supply, with a value of approximately $39 million.
dYdX (DYDX) will unlock around 8.33 million tokens on October 1 at 8:00 AM (UTC+8), which is 1.32% of its circulating supply, valued at about $9 million.
Maverick Protocol (MAV) will unlock approximately 36.40 million tokens on October 1 at 8:00 AM (UTC+8), representing 9.56% of its circulating supply, with an estimated value of $9 million.
Cardano (ADA) is set to unlock about 18.53 million tokens on October 2 at 8:00 AM (UTC+8), accounting for 0.05% of its circulating supply, valued at approximately $7.5 million.
Galxe (GAL) will unlock around 2 million tokens on October 1 at 8:00 AM (UTC+8), representing 1.57% of its circulating supply, with an estimated value of $4.9 million.
Manta Network (MANTA) will unlock approximately 1.87 million tokens on October 1 at 7:59 AM (UTC+8), which is 0.50% of its circulating supply, valued at about $1.8 million.
Liquity (LQTY) is set to unlock around 18.53 million tokens on October 2 at 8:00 AM (UTC+8), representing 0.05% of its circulating supply, with an estimated value of $7.5 million.#TokenUnlocks #SUI #OP #IMX #ZETA #DYDX #MAV #ADA #GAL #MANTA #LQTY
🚀 🔥 Binance TG Mini-Game 'Moonbix' Releases 'Explorer's Guide' on Official Channel 🔥
#Binance #Moonbix #Telegram #MiniGame #ExplorersGuide #GameInstructions #PointSystem #TokenAirdrop #GamingNews #CryptoGaming
Binance's Telegram mini-game Moonbix has released the "Explorer's Guide" on its official channel. The guide covers game instructions, point system explanations, account binding details, and more.As previously reported, Moonbix officially launched on September 19. Players can earn points by participating in the game—the more points accumulated, the greater the future token airdrop rewards will be.#Binance #Moonbix #Telegram #MiniGame #ExplorersGuide #GameInstructions #PointSystem #TokenAirdrop #GamingNews #CryptoGaming
🚀 FTX's FTT Token Surges 81.4% While Terra's LUNA Rises 18%
#FTX #FTT #Terra #LUNA #cryptocurrency #tokenrise #marketupdate
According to PANews, CoinGecko data reveals that FTX's FTT token has experienced a significant increase of 81.4% in the past 24 hours, currently trading at $2.53 per token. Additionally, Terra's LUNA token has also seen a notable rise of 18% over the same period, now priced at $0.4784 per token.#FTX #FTT #Terra #LUNA #cryptocurrency #tokenrise #marketupdate
🚀 Polymarket Users Report USDC Theft Via Google Login
#Polymarket #USDC #Theft #GoogleLogin #CryptoSecurity #MetaMask #Trustwallet #Investigation #Blockchain #CyberSecurity
According to Odaily, some Polymarket users have reported that their accounts, accessed through Google login, were attacked, resulting in the theft of their USDC balances. The attackers exploited a 'proxy' feature to steal the funds, but only a small number of users who logged in via Google were affected. Users who utilized browser extension wallets such as MetaMask and Trustwallet were not impacted by this issue. After depositing funds, users noticed their balances were emptied. Polymarket officials have initiated an investigation into the matter. The total loss reported by users has exceeded $5,000.#Polymarket #USDC #Theft #GoogleLogin #CryptoSecurity #MetaMask #Trustwallet #Investigation #Blockchain #CyberSecurity
🚀 Tether Treasury Transfers 110 Million USDT To Unknown Wallet
#Tether #USDT #cryptocurrency #WhaleAlert #blockchain #digitalcurrency #crypto
According to Odaily, WhaleAlert has detected a significant transfer of 110,471,998 USDT from the Tether Treasury to an unknown wallet. This substantial movement of funds has garnered attention within the cryptocurrency community, raising questions about the purpose and destination of the transferred assets. The transaction highlights the ongoing activity and fluidity within the Tether ecosystem, which continues to play a pivotal role in the broader digital currency market.#Tether #USDT #cryptocurrency #WhaleAlert #blockchain #digitalcurrency #crypto
🚀 Significant USDT Transfer From Tether Treasury to Unknown Wallet
#USDT #Tether #WhaleAlert #cryptocurrency #blockchain #transfer #TetherTreasury #unknownwallet
According to PANews, Whale Alert has detected a substantial transfer of 110,471,998 USDT, approximately $111 million, from the Tether Treasury to an unknown wallet. The transaction occurred at 22:53 UTC+8.#USDT #Tether #WhaleAlert #cryptocurrency #blockchain #transfer #TetherTreasury #unknownwallet
🚀 SEC Lawsuit Against GreenUnited Raises Concerns Over Crypto Mining Equipment Sales
#SEC #GreenUnited #CryptoMining #Lawsuit #InvestorFraud #MiningEquipment #Securities #CustodialMining #LegalImplications #CryptoIndustry
According to Odaily, the U.S. Securities and Exchange Commission (SEC) has recently filed a lawsuit against the cryptocurrency company GreenUnited, drawing significant attention within the industry. The SEC accuses GreenUnited of defrauding investors of $18 million through the sale of so-called 'GreenBoxes' mining equipment. Last week, a federal judge dismissed GreenUnited's motion to dismiss the case, sparking speculation on social media about the potential classification of crypto mining hardware sales as securities. However, several legal experts have indicated that there is no immediate cause for alarm.
Ishmael Green, a partner at DiazReus law firm, emphasized that as long as mining equipment is sold with the understanding that the end user will conduct the mining, there should be no issues. 'In the GreenUnited case, the sales agreement for the mining equipment stated that GreenUnited would control and operate the system, which is the crux of the problem,' Green explained. Hadas Jacobi, a consultant at ReedSmith law firm, noted that while the SEC has not explicitly mentioned custodial mining, this case could have implications for custodial mining services. Despite GreenUnited's attempts to portray the case as a misunderstanding by the SEC regarding custodial mining, the judge denied their motion to dismiss.
Currently, the judge has only decided to proceed with the case and has not yet ruled on the SEC's arguments. The outcome of this case could have significant ramifications for the crypto mining industry, particularly regarding how mining equipment sales are regulated and perceived by authorities.#SEC #GreenUnited #CryptoMining #Lawsuit #InvestorFraud #MiningEquipment #Securities #CustodialMining #LegalImplications #CryptoIndustry
🚀 ETH Whale Initiates Twelfth High-Probability Trade
#ETH #Whale #Trading #Cryptocurrency #Investing #Blockchain
According to Odaily, a high-probability trading whale has commenced its twelfth trading cycle. Within the past 10 minutes, the whale purchased 1,504 ETH at an average price of $2,653 per ETH, totaling approximately $3.99 million. This whale has previously completed eleven trading cycles, achieving ten victories out of eleven attempts.#ETH #Whale #Trading #Cryptocurrency #Investing #Blockchain
🚀 Celestia Secures $100 Million In Latest Funding Round
#Celestia #Funding #BainCapital #Blockchain #Scalability #AminoChain #DecentralizedScience #Transparency #Healthcare #Polymarket #Investment #Technology #Startups #TIA
According to Blockworks, Celestia has announced a $100 million funding round led by Bain Capital Crypto, with participation from 1kx, Syncracy Capital, Placeholder, and Robot Ventures. This latest round brings the project's total funding to $155 million. Mustafa Al-Bassam, co-founder of Celestia and chair of the Celestia Foundation, highlighted the project's progress, stating that Celestia has evolved from the 'dial-up era to the broadband era' in terms of blockspace scalability. The core developers have now introduced a technical roadmap to further scale blockspace to the 'fiber optic era,' while maintaining verifiability and low latency.
In other news, Andreessen Horowitz (a16z) made headlines with its first investment in a decentralized science project, AminoChain. AminoChain announced a $5 million seed round led by a16z. Arianna Simpson, a general partner at a16z, emphasized the potential of blockchain technology to revolutionize industries that prioritize transparency, security, and ownership. AminoChain aims to provide patients who donate bio-samples with transparency regarding the use of their donations. The project seeks to connect enterprise medical institutions and support the development of healthcare applications.
Other notable funding rounds include Polymarket, which is reportedly considering raising over $50 million in new capital, according to The Information. Initia announced a $14 million Series A round led by Theory Ventures, with participation from Delphi Ventures and HackVC. Mawari Network raised over $10 million in strategic funding in a round led by Borderless, 1kx, and Antfield. Daylight secured $6 million in a round led by Union Square Ventures and 1kx, with participation from Framework Ventures and Chapter One.#Celestia #Funding #BainCapital #Blockchain #Scalability #AminoChain #DecentralizedScience #Transparency #Healthcare #Polymarket #Investment #Technology #Startups #TIA
🚀 Bitcoin(BTC) Surpasses 66,000 USDT with a 0.46% Increase in 24 Hours
#Bitcoin #BTC #USDT #Binance #cryptocurrency #priceincrease #trading
On Sep 29, 2024, 20:04 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 66,000 USDT benchmark and is now trading at 66,050.867188 USDT, with a narrowed 0.46% increase in 24 hours.#Bitcoin #BTC #USDT #Binance #cryptocurrency #priceincrease #trading
🚀 BNB Surpasses 600 USDT with a 0.03% Increase in 24 Hours
#BNB #USDT #cryptocurrency #Binance #marketdata #trading #increase #September2024
On Sep 29, 2024, 20:04 PM(UTC). According to Binance Market Data, BNB has crossed the 600 USDT benchmark and is now trading at 600.400024 USDT, with a narrowed 0.03% increase in 24 hours.#BNB #USDT #cryptocurrency #Binance #marketdata #trading #increase #September2024
🚀 Estonia's Digital Transformation: A Model For The Future
#Estonia #DigitalTransformation #eEstonia #Governance #CitizenEngagement #EconomicGrowth #Transparency #Technology #DigitalSociety #GovernmentServices
According to Cointelegraph, in the early 1990s, Estonia emerged from the collapse of the Soviet Union as a newly independent nation. While many former Soviet republics focused on rebuilding their economies and governance structures, Estonia recognized a unique opportunity: the potential of digital technology to drive its transformation. This small Baltic nation saw the internet not just as a tool for communication but as a means to reimagine governance, citizen engagement, and economic growth. This decision to embrace the internet early and fully was not just born out of necessity but was fueled by the belief that technology could play a central role in shaping the nation’s future.
Estonia’s transformation became known as e-Estonia — a digital society built on the foundations of the internet. Over the past 30 years, it has not just been about adopting new tools and platforms but about using the internet to create a more democratic, transparent, and efficient society. Citizens have been given the ability to vote online, pay taxes, sign legal documents, and access nearly all government services (except divorce filings). This digital infrastructure increased transparency and accountability while making government services more accessible to all citizens. It has made Estonia one of the most technologically advanced societies in the world.#Estonia #DigitalTransformation #eEstonia #Governance #CitizenEngagement #EconomicGrowth #Transparency #Technology #DigitalSociety #GovernmentServices
🚀 CFTC Files Fraud Charges Against Fake Commodity Trading Platform
#CFTC #fraud #commoditytrading #investmentscam #AsianAmericans #legalaction #misappropriation #futures #forex #digitalassets #civilpenalties #Washington
According to Odaily, the U.S. Commodity Futures Trading Commission (CFTC) has recently announced fraud and misappropriation charges against a fake commodity trading platform targeting Asian Americans. The CFTC has taken legal action against Aipu Ltd., Qian Bai, Lan Bai, Fidefx Investments Ltd., and Chao Li, filing a civil enforcement action in the U.S. District Court for the Western District of Washington. The defendants are accused of fraudulently soliciting and misappropriating at least $3.6 million from at least 32 customers as part of an investment scam.
The CFTC stated that the scheme involved soliciting funds from customers, including both fiat currency and digital assets, for trading commodity futures and forex contracts. The defendants falsely claimed that these assets would be traded through leveraged or margin accounts. However, no trading occurred, and the funds were transferred to overseas entities. The regulatory body is seeking various forms of relief, including compensation for defrauded customers, disgorgement of ill-gotten gains, civil monetary penalties, trading bans, and permanent injunctions against further violations of the Commodity Exchange Act (CEA) and CFTC regulations.#CFTC #fraud #commoditytrading #investmentscam #AsianAmericans #legalaction #misappropriation #futures #forex #digitalassets #civilpenalties #Washington
🚀 Sui Blockchain Reaches $1 Billion TVL Milestone
#SuiBlockchain #TVL #1Billion #Milestone #MainnetLaunch #SUI
According to PANews, the Sui blockchain has announced on the X platform that its total value locked (TVL) has reached $1 billion, marking a historic high for the project. The milestone was achieved in less than two years since the mainnet launch.#SuiBlockchain #TVL #1Billion #Milestone #MainnetLaunch #SUI
🚀 BNB Drops Below 590 USDT with a 2.20% Decrease in 24 Hours
#BNB #cryptocurrency #Binance #USDT #marketdata #decrease
On Sep 30, 2024, 00:31 AM(UTC). According to Binance Market Data, BNB has dropped below 590 USDT and is now trading at 588.099976 USDT, with a narrowed 2.20% decrease in 24 hours.#BNB #cryptocurrency #Binance #USDT #marketdata #decrease