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Coin Bureau Insider

🔔 MARKET MOVING NEWS! (03/09/24)

1️⃣ Qatar Introduces Regulatory Framework For Digital Assets ▶️

Regulators of the Qatar Financial Centre (QFC), a special economic zone in Doha, Qatar, have reportedly released a comprehensive regime for regulating and creating digital assets. Specifically, the framework introduced by the Qatar Financial Centre Authority (QFCA) and Qatar Financial Centre Regulatory Authority (QFCRA) includes rules governing tokenisation processes and the legal recognition of property rights in tokens and underlying assets, custody arrangements, transfer and exchange. It even includes provisions for the legal recognition of smart contracts. The announcement claims the framework ensures the digital asset ecosystem within the QFC is secure and transparent and adheres to international standards.

Source

2️⃣ Metaplanet Teams Up With SBI VC Trade for Bitcoin Custody 💸

Japanese investment adviser Metaplanet, which adopted BTC as a reserve asset earlier this year, has reportedly partnered with SBI VC Trade, the crypto division of financial services giant SBI Group.

The partnership grants Metaplanet access to SBI's custodial services which are designed to prioritise tax efficiency and offer the potential to use Bitcoin as collateral for financing. Metaplanet stated that the partnership aligns with its vision of a “modern financial service provider” and that it adds flexibility to its corporate strategy, complementing its ongoing efforts in equity and debt financing.

Source

3️⃣ Binance CEO Calls Gambaryan’s Treatment ‘Inhuman’ As Disturbing New Video Emerges ‼️

Yesterday, Binance CEO Richard Teng made an X post demanding the immediate release of Tigran Gambaryan, the Binance executive who has been detained in Nigeria since February. The post comes shortly after a video posted on the platform showed the harsh treatment of Gambaryan while being escorted to court after his trial date was brought forward to Sept. 2nd

Specifically, the video shows Gambaryan limping into an Abuja courtroom while dragging his left leg behind him. Prison authorities appear to have denied his request for a wheelchair. The video also shows Gambaryan pleading with a prison guard escorting him into the courtroom for help walking.

Gambaryan’s lawyers filed a new application for bail on medical grounds yesterday. A prosecutor for the Economic and Financial Crimes Commission (EFCC) reportedly opposed the bail application, arguing that Gambaryan was not, in fact, in ill health and claiming he was refusing treatment.

Source

4️⃣ WazirX Hacker Moves $6.5 Million Worth ETH To Tornado Cash as Tension Grows 🔍

According to blockchain security firm PeckShield, the hacker behind the $230 million WazirX exploit appears to have transferred 2,600 ETH ($6.5 million) to the U.S.-sanctioned cryptocurrency mixer Tornado Cash. Onchain data shows the hacker carried out 26 transactions, each transferring 100 ETH to Tornado Cash, to mask the flow of funds. Interestingly, the transactions happened just hours after WazirX’s first town hall meeting to discuss its moratorium application.

Source

5️⃣ SEC Should Create ‘Customized’ S-1 Forms For Digital Asset Securities: Commissioner Mark Uyeda ⚡️

During Tuesday’s Korea Blockchain Week 2024 event in Seoul, South Korea, U.S. Securities and Exchange Commission commissioner Mark T. Uyeda said the agency needs to create a distinguished S-1 registration form for digital asset securities. For context, an S-1 form is the registration statement from the SEC that U.S. issuers must file before offering a new securities product.

Uyeda used registered index-linked annuities to illustrate how the SEC's standard registration form may be inadequate for certain financial products. He explained that the SEC works with product sponsors to develop tailored registration requirements. On that note, he questioned why the agency couldn’t do the same thing with crypto and digital asset securities.

Source

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Coin Bureau Insider

https://www.youtube.com/watch?v=DkopnB2AjLc

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Coin Bureau Insider

🔔 MARKET MOVING NEWS! (02/09/24)

1️⃣ Canadian Court Orders $1.2M Bitcoin Loan Repayment 💸

The Supreme Court of British Columbia has reportedly settled a case involving the repayment of a Bitcoin loan between the disputing parties. Specifically, the court ordered the defendant to pay $1.2 million to the plaintiff to settle a dispute over a loan of 22 BTC that the defendant took from the plaintiff in September 2021. The final settlement amount included interest accrued on the fiat value of the BTC loaned at the time of the breach of contract.

Source

2️⃣ SEC Warns FTX Against Paying Creditors Back In Stablecoins, Other Crypto ‼️

According to a recent filing, the Securities and Exchange Commission has warned FTX that it "reserves its rights to challenge transactions involving crypto assets." Specifically, the SEC hints that it may challenge the ‘legality’ of payments made by the exchange to creditors if it chooses to use stablecoins. The SEC's filing also notes that the plan fails to specify who would distribute the stablecoins, should that provision be approved. It’s important to note that the SEC didn't outright state that such an action would be illegal; it just said that it seeks to preserve its option to potentially challenge such a transaction.

Source

3️⃣ Cardano’s Chang Hard Fork Goes Live, Introducing On-Chain Governance ☄️

Layer 1 blockchain Cardano has officially undergone the first stage of its Chang hard fork. The Chang upgrade is the latest step in the network’s transition to a decentralised governance model. Specifically, it allows ADA token holders to submit or participate in the voting process for governance actions as part of the project’s “Voltaire” upgrade phase. This also makes Cardano the first major blockchain to transition its centralised governance structure to a token-based decentralised governance system.

Giorgio Zinetti, CTO of the Cardano Foundation stated,

I would say it is the biggest event in Cardano history, and it really makes us different from many other chains. I think we are the largest layer 1 with on-chain governance. There are some smaller players, like Tezos and Polkadot, who already have on-chain governance. But if there was a leaderboard, real decentralised layer-1s, we would be number one.


Source

4️⃣ OKX Now Fully Licensed In Singapore, Hires Former MAS Official As Local CEO ⚡️

OKX SG, the Singapore entity of global crypto exchange OKX, has reportedly received the full Major Payment Institution (MPI) license from the Monetary Authority of Singapore. The MPI license allows the company to offer cross-border money transfer services and digital payment tokens, including spot crypto trading for Singaporean investors. It allows OKX to exceed volume limitations for payment institutions. The announcement also states that the OKX SG has appointed Gracie Lin, a former MAS official, as CEO of the regional arm.

Source

5️⃣ Global Crypto Investment Products See $305 Million In Weekly Outflows: CoinShares 🕯

According to CoinShares' latest report, global crypto investment products recorded net outflows totalling $305 million last week. This follows net inflows of $543 million the week before. CoinShares Head of Research James Butterfill attributed last week’s net outflows to “widespread negative sentiment” driven by stronger-than-expected economic data in the U.S., which “diminished the likelihood of a 50-basis point interest rate cut.” Butterfill stated that he expects global crypto investment products to become increasingly sensitive to interest rate expectations as the Fed gets closer to a pivot.

Source

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Coin Bureau Insider

🚨 New Video Alert!! 🚨

UBI has been a hot topic ever since AI started going mainstream with the likes of ChatGPT, and its introduction could have profound implications on the economy and the markets.

The catch is that the effects of UBI aren’t obvious at first glance. Whereas de facto UBI experiments like the pandemic have shown it can be inflationary, there are circumstances where it could cause deflation.

Not only that, but it’s quite possible that we won’t need UBI at all. This ultimately depends on how the so called ‘fourth industrial revolution’ plays out, a story that elites at the WEF are trying to write.

This is a video you can’t miss.

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Coin Bureau Insider

https://youtu.be/VqbGwIjZr70

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Coin Bureau Insider

🔔 MARKET MOVING NEWS! (31/08/24)

1️⃣ Chinese ‘CoinGecko’ Investigated By Local Police ▶️

Feixiaohao, a major cryptocurrency market data and industry news provider in China, is reportedly under investigation by local police. The Chinese cryptocurrency journalist Colin Wu reported the news on his channel Wu Blockchain News. He cited a report from a local crypto channel on WeChat, which mentioned that “many key members of the Feixiaohao team” have been taken away by the Inner Mongolia police for investigation. Inner Mongolia is an autonomous region of northern China. Feixiaohao has often been referred to as the Chinese version of CoinGecko.

Source

2️⃣ Singapore, Hong Kong And UAE Lead In Crypto Adoption: Report ☄️

A study conducted by the investment migration consultancy firm Henley & Partners has found that Singapore, Hong Kong and the United Arab Emirates rank at the top globally in cryptocurrency adoption. The researchers ranked the various jurisdictions based on public adoption, infrastructure, innovation and technology, regulatory environment, economic factors and tax friendliness.

Source

3️⃣ Telegram Held $400 Million In Digital Assets, Generated Significant Crypto Revenues In 2023 🔍

According to a Financial Times report, the messaging platform Telegram held $400 million in digital assets at the end of 2023. Citing copies of Telegram's 2023 financials, the report states that nearly 40% of the messaging app's revenues (nearly $148 million in revenue) were generated from digital asset-related activities, listed under the categories of “integrated wallet” and “sale of collectibles." Collectibles sold by Telegram to its users reportedly include usernames and virtual phone numbers.

Source

4️⃣ Elon Musk's X Is Now Banned in Brazil Following Judge's Ruling ‼️

According to a BBC report, a Brazilian Supreme Court Justice has ordered Elon Musk’s social media platform X to be banned in the country. The ruling comes after Elon Musk refused to name a legal representative for the firm in a case which alleges the platform was used to spread disinformation. The platform also reportedly ignored an order to remove some accounts. Local media reports also claim that anyone who uses a VPN to circumvent the ban could be subject to a fine amounting to 50,000 reais ($8,900).

Source

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Coin Bureau Insider

🔥 Rally Report 🔥

BEAM

The price of BEAM has rallied by 7% in the past 24 hours.

WHY?!

📈 Part of a larger rally seen among GameFi tokens

🤔 Notably, there doesn't seem to be any specific reason for the rally. The only bullish recent development in the GameFi ecosystem is the announcement regarding a partnership between SBI Holdings, one of Japan’s largest financial conglomerates, and Oasys, a Web3 gaming blockchain platform. The partnership includes a financial investment from SBI Holdings that will be used to increase the liquidity of Oasys’ native OAS token.

If you want to buy or trade BEAM, we have an exclusive $100K Airdrop Bonus Promo on Blofin as well as 70% fee discount!

🔗 https://www.coinbureau.com/deals/trading/blofin-cb/

Looking for a Blofin guide?! 👇

🔍 https://www.coinbureau.com/review/blofin-review/

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🚨 New Video Alert!! 🚨

Bitcoin miners have been selling for quite some time - since November, to be exact. So naturally, this paints a pretty bearish picture for the future of the Bitcoin network and BTC’s price - at least on the surface.

Dig a little deeper, and you’ll see that there’s much more to this story, and it could in fact be a bullish sign. That’s simply because miners have been selling in preparation of the Halving event, and have used that money to expand their mining operations. In other words, short term pain for long term gain.

Today, we’ll be taking a look at the state of the Bitcoin mining industry. We’ll look at the activity of miners before and after the Halving, how the mining industry is evolving, and where it could be heading next.

If you hold BTC (as we’re sure the vast majority of you do!) then you’ll want to watch this one right until the end.

Enjoy!!

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https://www.youtube.com/watch?v=1ldt0atlM0s

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Coin Bureau Insider

🔔 MARKET MOVING NEWS! (28/08/24)

1️⃣ MakerDAO Rebrands To Sky, DAI Stablecoin Optionally Upgradeable To USDS 🤔

DeFi lending protocol MakerDAO has announced its rebranding to "Sky" and has introduced a new stablecoin (USDS) and governance token (SKY) that will exist in parallel with its existing tokens DAI and MKR. Notably, users can choose to voluntarily exchange them for the new tokens at a ratio of 1:1 for DAI to USDS and 1:28,000 for MKR to SKY. The new tokens are expected to be issued on Sept. 18. The changes are part of the protocol's ongoing overhaul called "Endgame." One noticeable difference between its new USDS stablecoin and the older DAI stablecoin is that USDS contains a piece of code which allows the issuer to remotely freeze the asset.

Source

2️⃣ TON Resumes Block Production After Nearly Six Hour Outage ‼️

The TON blockchain has reportedly resumed block production after a nearly six-hour outage caused by a surge in network traffic. The outage has led to concerns about security risks and transaction delays. Some speculate the crash may have been caused by the popularity of the DOGS memecoin on the network, which led to a surge in transactions and overwhelmed the network's capacity.

Source

3️⃣ Bankrupt Crypto Lender Celsius Has Repaid $2.5 Billion to Creditors 💰

Bankrupt crypto lender Celsius has reportedly distributed over $2.53 billion to more than 251,000 creditors as part of its bankruptcy process. This amount represents approximately 84% of the $3 billion worth of assets owed to its over 375,000 creditors in over 165 different countries. The recent filing shows that most of the remaining 121,000 creditors who have yet to successfully claim their proportion of the distribution are owed smaller amounts. Specifically, approximately 64,000 creditors of these creditors were owed less than $100 and 41,000 of them are entitled to a distribution of between $100 and $1,000.

Source

4️⃣ Nasdaq Wants To Launch Bitcoin Index Options, Seeks SEC Approval 🔍

American stock exchange market Nasdaq has reportedly filed with the U.S. Securities and Exchange Commission (SEC), seeking permission to launch and trade options tied to the price of bitcoin. The proposed Nasdaq Bitcoin Index Options (XBTX) is in partnership with index provider CF Benchmarks and would track the CME CF Bitcoin Real-Time Index operated on the Chicago Mercantile Exchange exchange. Nasdaq stated that XBTX will help investors hedge investments in the asset class. If approved, these bitcoin options would become the first cryptocurrency derivatives cleared by the U.S. Options Clearing Corporation (OCC).

Source

5️⃣ Sony Is Launching The First Public Testnet For Its Optimism-Based Soneium Blockchain 🚀

Sony Block Solutions Labs (Sony’s blockchain division) has announced the launch of a developer incubation program and public testnet for its Soneium network. The Soneium Spark incubator will see Sony subsidiaries, including SonyMusic and SONY Pictures participating. It reportedly offers up to $100,000 in starting capital to applicants. Entities such as Circle, Optimism, Alchemy, The Graph, Chainlink, and Astar Network will be early experimenters of the network.

Source

6️⃣ Trump Releases Fourth Drop of His NFT Trading Cards 🖼

Former President Donald Trump has released the fourth batch of his digital trading card NFTs. In a promotional video shared on social media, Trump claims the new collection includes artwork depicting him “dancing and even holding some Bitcoins.” Collectors who spend $24,750 on the cards will reportedly get access to Trump sneakers, Trump cocktails and dinner at Trump National Golf Club in Jupiter, Florida, with Trump. The official website shows that there could be as many as 360,000 such cards minted, each selling for $99 on the Polygon network.

Source

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Coin Bureau Insider

https://www.youtube.com/watch?v=aZh0Kqol66s

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Coin Bureau Insider

🔔 MARKET MOVING NEWS! (27/08/24)

1️⃣ PayPal's Stablecoin Hits $1B Market Cap as Incentives Boost Activity on Solana 📈

Data from CoinMarketCap shows that payments giant PayPal's PYUSD stablecoin surpassed $1 billion in market capitalisation last week. Notably, this comes as user activity for PYUSD surged with monthly active wallet addresses topping 25,000 in July, up from 9,400 in May.

The surge in activity is likely due to the various partnerships made by PayPal to expand PYUSD’s accessibility. This includes partnerships with Crypto.com, Phantom and Paxos to on-ramp users onto the blockchain network. PayPal also worked with Anchorage Digital to launch a rewards program for clients who custody PayPal USD stablecoins with the crypto custodian.

Source

2️⃣ Crypto Firm Abra Settles SEC Charges, Agrees to Pay Unspecified Fine ▶️

Plutus Lending LLC, the company behind the crypto platform Abra, has reportedly agreed to a settlement with the U.S. Securities and Exchange Commission over accusations the platform conducted unregistered offers and sales of crypto asset securities and functioned as an unregistered investment company.

Specifically, the SEC lawsuit claimed the platform inappropriately pushed its ‘Earn’ product to customers when it qualified as a security that should have been registered. Abra has now agreed to settle this lawsuit by paying an unspecified fine to the regulator “without admitting or denying the SEC’s allegations.”

Source

3️⃣ French President Macron Says Arrest Of Telegram CEO Was ‘In No Way A Political Decision’ 🤔

In a recent post on X, French President Emmanuel Macron claimed the arrest of Telegram CEO Pavel Durov was “in no way a political decision” but rather part of an ongoing judicial investigation. He also stated that France was “deeply committed to freedom of expression and communication, to innovation, and the spirit of entrepreneurship.”

Macron’s statement comes after several people, including the likes of Edward Snowden and Balaji Srinivasan, came to the support of Durov and accused the country of violating the right to free speech. The Russian Embassy in France had also released a statement alleging the French authorities were refusing to engage in their attempts at accessing Durov.

Source

4️⃣ Detained Binance Exec’s Wife Begs for His Immediate Release 🔍

The family of Tigran Gambaryan, the Binance executive detained by the Nigerian government, have once again raised concerns about the executive’s deteriorating health in prison due to prolonged medical negligence. His wife released a new video statement on Monday pleading for his immediate release from prison.

His wife, Yuki Gambaryan, can be seen stating the following in the video,

His health is deteriorating to the point where he can no longer walk. Between bouts of malaria pneumonia and the unimaginable mental toll of his detention, he is now reaching the point of no return […] For six months, my life – my living nightmare – has been filed with pleas. Pleas to the Nigerian government. Pleas to the U.S. government. Pleas to the media. Pleas to anyone who will listen. I have been pleading for their mercy, for their understanding, for their humanity. Please help me bring my husband home.


Source

5️⃣ Spot Bitcoin ETFs See Eighth Day Of Inflows, Led By Blackrock's $224 Million 🕯

Spot Bitcoin ETFs in the U.S. marked their eighth consecutive day of positive flows on Monday. Specifically, the 12 bitcoin ETFs saw $202.51 million in total daily net inflows yesterday and $756 million in cumulative net inflows over the past eight trading days. Monday’s largest net inflows came from BlackRock’s IBIT fund with $224.06 million followed by Franklin Templeton’s EZBC with $5.52 million and WisdomTree’s BTCW with $5 million in net inflows. Monday’s largest net outflows came from Bitwise’s BITB with $16.61 million, followed by Fidelity’s FBTC with $8.33 million and VanEck’s HODL with $7.18 million.

Source

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https://www.youtube.com/live/OvjbzHQPMSE

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🔔 MARKET MOVING NEWS! (26/08/24)

1️⃣ Stablecoin Market Cap Hits New All-Time High, Beating Early 2022 Record 📈

According to data from DefiLlama, the total stablecoin market capitalisation (excluding algorithmic stablecoins) hit a new all-time high of $168 billion over the weekend. The new all-time high beats its last peak of $167 billion in March 2022 and comes after 11 months of consecutive growth.

Explaining the rise in stablecoin market cap, BTCMarkets crypto analyst Rachael Lucas stated,

Traditionally, demand for stability in uncertain market conditions has driven investors towards stablecoins as a safe haven. Alternatively, the increase in the stablecoin market cap could reflect growing confidence in the crypto market, especially from institutional investors.

Source

2️⃣ Telegram Responds to Founder and CEO Pavel Durov's Arrest in France ⚡️

Messaging platform Telegram has issued its first official statement concerning the detention of its CEO, Pavel Durov. The statement claims that the platform fully complies with European Union law and that its content moderation practices are within "industry norms."

The statement reads,

Telegram abides by EU laws, including the Digital Services Act — its moderation is within industry standards and constantly improving. Telegram's CEO Pavel Durov has nothing to hide and travels frequently in Europe. It is absurd to claim that a platform or its owner are responsible for abuse of that platform. Almost a billion users globally use Telegram as means of communication and as a source of vital information. We’re awaiting a prompt resolution of this situation. Telegram is with you all.

Source

3️⃣ Polygon Discord Compromise Hits Avalanche, ZKsync Hours Later

The official Discord servers of layer-1 network Avalanche and layer-2 blockchain ZKsync have reportedly been compromised. Notably, this comes less than 48 hours after Polygon’s Discord server underwent a similar attack. The attackers posted several links to sham “distribution” schemes for Avalanche tokens, claiming that holders and community members could claim free AVAX. They also shared malicious links to a sham “round 2 airdrop” scheme in the ZKsync server, promising users free ZK tokens.

Source

4️⃣ Thailand Busts Bitcoin Mine After Repeated Power Outages ▶️

According to a report by South China Morning Post, Thailand’s police and electricity authorities raided an illegal bitcoin mine in a local town west of Bangkok after residents complained of frequent blackouts in the area for more than a month. Jamnong Chanwong, a chief district security officer, explained that the power outages began around the middle of July. He also said the mining operator paid very little in fees compared to the large amount of power consumption. No arrests were reported.

Source

5️⃣ Hong Kong Crypto Exchanges Face Challenges to Get Full Licenses 🔍

According to a Bloomberg report, Hong Kong's Securities and Futures Commission (SFC) found "unsatisfactory practices" at "some" of the cryptocurrency exchanges seeking a full license from it after conducting on-site inspections. There is now uncertainty over whether all 11 crypto exchanges will achieve full licenses. The report states that the regulator found some of the crypto firms overly reliant on a handful of executives to oversee the custody of client assets. It also states that others were not properly guarding against cybercrime risks.

Source

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Coin Bureau Insider

https://www.youtube.com/watch?v=Rj5T5_qbUhk

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Coin Bureau Insider

🔥 Rally Report 🔥

ORDI

The price of ORDI has rallied by 14% in the past 24 hours.

WHY?!

📈 Part of a larger rally seen among Bitcoin-related assets, including other assets like SATS and BSV.

🕯 Notably, data from Coinglass shows that ORDI experienced short liquidations totalling $2.38 million yesterday. This is the largest liquidation for the asset since mid-June. These liquidations may have also played a part in boosting ORDI’s price rally.

If you want to buy or trade ORDI, we have an exclusive $100K Airdrop Bonus Promo on Blofin as well as 70% fee discount!

🔗 https://www.coinbureau.com/deals/trading/blofin-cb/

Looking for a Blofin guide?! 👇

🔍 https://www.coinbureau.com/review/blofin-review/

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🚨 Livestream Alert!! 🚨

It’s time for another weekly crypto review!

Today we cover:
- Ready for Rektember?
- New Money Incoming?
- Ethereum FUD Continues
- Trump Projects Launch
- The SEC and Opensea
- Top Gainers in Crypto

Join us LIVE!

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https://www.youtube.com/watch?v=yXDq5ypJru8

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🔔 MARKET MOVING NEWS! (01/09/24)

1️⃣ Hong Kong Accepts Crypto License Application Past Deadline ‼️

The Hong Kong Securities and Futures Commission (SFC) has reportedly accepted a new digital asset exchange license application from Hong Kong Digital Asset Xchange (HKDAEx). This is notable since the deadline to do so was May 31st. According to the regulator's listing, HKDAEx’s application for a digital asset exchange license was submitted on Aug. 27. The application claims that HKDAEx “connects physical assets with digital assets to improve the liquidity so as to raise the value of physical assets and to promote the real economy.” While the application has been placed on record, the SFC may return it if it finds the application incomplete or notices any unresolved fundamental issues.

Source

2️⃣ Yuga Labs CEO Reveals ‘The Workshop’ Team Focused On ApeChain Dapps 🔍

In an X post on Friday, Yuga Labs co-founder and CEO Greg Solano (aka Garga) announced the upcoming release of a line of new products developed by a small internal team at the company called The Workshop. Notably, this is the first major initiative by the company since he took over as CEO in February. Solano stated that The Workshop will be shipping its first products on the upcoming ApeChain in the coming “weeks and months.” The team is focused on driving adoption to the upcoming ApeChain network by focusing on shipping new products quickly and culling the ones that don't find traction.

Source

3️⃣ Bitcoin ETFs Log Monthly Loss, Ethereum ETFs Are Ignored After Outflow Streak 🕯

According to data from SoSoValue, U.S. spot bitcoin ETFs have recorded a red candle for the month of August. Specifically, the ETFs recorded a total net outflow of about $94 million. Aug. 23rd was the best day for the funds this month with the spot bitcoin ETFs netting over $250 million on that day. The worst day for the funds was August 2nd, seeing net outflows of $237 million.

As for the spot Ethereum ETFs, they logged a total cumulative net outflow of $477.25 million since inception. The funds hold a total of almost $7 billion in assets as of the end of the month. Grayscale's two funds, ETHE and ETH, are the largest and hold $5.4 billion of that sum, with the other funds making up the rest of the total.

Source

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🚨 New Video Alert!! 🚨

Right now, multiple millions of locked tokens & SAFTs are being traded in the OTC market by whales and institutions.

Some of these are trading at a discount of 50% or more from the open market price. Who are the buyers / sellers of these allocations? And what tokens are they currently buying?

All of these questions were answered in a recent interview we did with an OTC dealer. The interview covered numerous different topics in the OTC market including which tokens or projects you should have on your radar.

Enjoy!

P.S. CBC members have had access to this video for the past 2 days and the feedback has been 🔥

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🔔 MARKET MOVING NEWS! (30/08/24)

1️⃣ Millions Lost As Mbappé’s Hacked Account Promotes $460M Crypto Scam 🥶

The X account of soccer star Kylian Mbappé was reportedly hacked and used to promote a Solana-based token with the ticker MBAPPE last night. The hackers used the account to promise a return of “double” any tokens sent to a specific address. This caused the market cap of the MBAPPE token to surge to $460 million before it plummeted to less than $100,000. One lucky trader appeared to have timed the top perfectly, turning $29 into $125,790 in under three minutes. Another trader lost nearly $1 million after he spent 7156 SOL to buy the fake MBAPPE token. The value of their holdings currently stands at just $9200.

Source

2️⃣ Crypto Hackers Stole Half as Much in August as They Did in July, Says Immunefi

According to a recent report from Immunefi, cryptocurrency losses due to hacks and fraud saw a significant decrease in August. Specifically, total losses amounted to roughly $15 million across five incidents in August. This marks the lowest monthly total year-to-date and a 94.5% decrease from July which saw $274 million in assets stolen. Even though we saw year-low losses this month, the year-to-date total for 2024 is $1,210,741,330. These funds were lost to hacks and rug pulls across 154 incidents, a 15.5% increase from the same period in 2023.

Source

3️⃣ El Salvador’s Bukele Says ‘Bitcoin Hasn't Had The Widespread Adoption We Hoped For' 💸

In a recent interview with Time magazine, El Salvador's President Nayib Bukele stated that the country’s adoption of BTC has not met expectations after adopting the cryptocurrency as legal tender. However, he also added that the country's Bitcoin strategy is generally "net positive." He believes that Bitcoin has brought branding, investment and tourism to El Salvador, and its positive impact outweighs the negative impact.

He stated,

The positive aspect is that it is voluntary; we have never forced anyone to adopt it. We offered it as an option, and those who chose to use it have benefited from the rise in Bitcoin. I expected more adoption, definitely, but we always prided ourselves on being a free country, free in every way.


Source

4️⃣ Jailed FTX Exec Withdraws His Request to Compel Government to Abide by Plea Deal 🤔

Former FTX executive Ryan Salame has reportedly withdrawn his legal request before a New York court. For context, the legal request had asked his previous plea be thrown out and his sentence vacated on the grounds that prosecutors had obtained his guilty plea improperly. Salame’s legal team told the court his longtime partner, Michelle Bond — also facing criminal charges — “may raise the matter” of his guilty plea in her case. However, Judge Lewis Kaplan ruled that he would still hold a hearing on the original petition regardless of Salame's motion to withdraw it.

Source

5️⃣ Bloomberg Adding Polymarket Election Data To Terminal ☄️

Financial data and news service Bloomberg LP is reportedly in the process of adding election odds data from crypto betting platform Polymarket to its Terminal. The integration, announced by Bloomberg’s chief economist for financial products Michael McDonough, highlights the growing importance of prediction markets in analysing political trends and election odds. Polymarket odds for the United States presidential election outcome will feature alongside data from other prediction markets, such as PredictIt and polling services.

Source

6️⃣ Trump's New Crypto Business to Offer Access to 'High-Yield' Investments, Website Says 🔍

Former U.S. President Donald Trump has revealed the name and website of his family’s mysterious new crypto platform. The project is called World Liberty Financial and according to a clue embedded in the website, it plans to offer access to "high-yield" opportunities. The clue was embedded in the metadata on worldlibertyfinancial.com. A trademark filed for World Liberty Financial in mid-July also points to an association with DeFi.

Source

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Coin Bureau Insider

🔔 MARKET MOVING NEWS! (29/08/24)

1️⃣ OpenSea Gets 'Wells Notice' From SEC, Which Calls NFTs Sold on Platform 'Securities' 🥶

NFT marketplace OpenSea has reportedly received a Wells notice from the U.S. Securities and Exchange Commission (SEC). A Wells notice suggests that the SEC intends to pursue an enforcement action against the company. OpenSea CEO Devin Finzer stated that the SEC believes NFTs on the platform are securities. He described the potential enforcement action as one that seeks to “stifle innovation” and puts hundreds of thousands of online artists and creatives at risk. He said OpenSea would fight the notice and pledged $5 million to help cover legal fees for any NFT creators and developers who may also get such a notice.

Source

2️⃣ Starknet Introduces Parallel Execution For Transactions In Latest Upgrade ⚡️

Starknet has introduced “parallel execution” capabilities to the network as part of its latest upgrade to version 0.13.2. This allows the network to execute multiple transactions simultaneously. The upgrade also included a “block packing” feature, which aims to optimise block space usage by densely packing transactions within each block. The upgrade is also intended to reduce confirmation times, lowering them from the current range of 10-80 seconds to about 2 seconds.

Eli Ben-Sasson, CEO of StarkWare stated,

L2s today are like minimarkets with a single checkout, as our sequencers can only handle one transaction at a time. We’re becoming the first ‘megastore L2’ – overhauling our sequencer so that numerous checkout lanes simultaneously handle countless transactions.


Source

3️⃣ WazirX Seeks 30-Day Moratorium to Restructure as Rival Sues for Locked Funds ▶️

Indian crypto exchange WazirX has reportedly filed for a 30-day moratorium with Singapore’s High Court. It stated the moratorium will give the exchange “breathing space” while its corporate entity progresses with a restructuring. The restructuring is reportedly the most efficient way to address users’ cryptocurrency balances on the Platform and facilitate recovery for users. Notably, the filing comes on the same day rival crypto exchange CoinSwitch took legal action against WazirX over funds stuck on the latter’s platform. A hearing date has not yet been scheduled.

Source

4️⃣ Hong Kong’s Project Ensemble Sandbox Ready To Test Asset Tokenisation ☄️

Yesterday, the Hong Kong Monetary Authority (HKMA) announced the launch of Project Ensemble - a sandbox project that studies real-world asset tokenisation and interbank settlement using a wholesale central bank digital currency (wCBDC). Specifically, the project seeks to examine technical interoperability among tokenised assets, tokenized deposits and a wCBDC. It will concentrate on four areas: fixed income and investment funds, liquidity management, green and sustainable finance, and trade and supply chain finance.

Source

5️⃣ Telegram CEO Pavel Durov Charged And Released, Barred From Leaving France 🔍

Pavel Durov, the CEO of the messaging platform Telegram, has reportedly been released from custody after being charged and placed under judicial supervision by French authorities. Durov has been indicted on charges of "complicity in the spread of sexual images of children and other crimes such as drug trafficking on the messaging app." A "judicial supervision" requires the Telegram founder to remain in France and also pay a 5 million euro deposit.

Source

6️⃣ TON Back Online After Second Outage ‼️

The TON blockchain is reportedly back online after it experienced a four-hour outage yesterday. Notably, this is the second outage for the blockchain in under 48 hours. TON blamed the outage on a "heavy load attributed to DOGS token minting."

Source

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Coin Bureau Insider

🚨 New Video Alert!! 🚨

There’s no denying that investing in crypto can be intense. One minute your portfolio is well in the green, and just as you’re deciding what colour Lambo you’ll choose, things take a turn for the worse and suddenly that Lambo goes racing off into the sunset.

This intensity isn’t for everyone. Thankfully, there is an alternative. You can still get exposure to crypto without holding the direct assets themselves. No, we’re not talking about ETFs. We are in fact talking about crypto stocks. You see, there are some stocks that will likely outperform the crypto bull market.

Today, we’ll tell you about 5 different crypto-related stocks, how they’re involved in crypto, and why we reckon they should be on your radar - even if you’re an avid crypto hodler.

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Coin Bureau Insider

🔥 Rally Report 🔥

DOGS

The price of DOGS has rallied by 19% in the past 24 hours.

WHY?!

📈 The rally appears to be fuelled by traders speculating on the price of DOGS as a proxy to developments surrounding TON and Telegram.

⚡️ Notably, block production on TON resumed after a six-hour outage earlier today.

If you want to buy or trade DOGS, we have an exclusive $100K Airdrop Bonus Promo on Blofin as well as 70% fee discount!

🔗 https://www.coinbureau.com/deals/trading/blofin-cb/

Looking for a Blofin guide?! 👇

🔍 https://www.coinbureau.com/review/blofin-review/

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Coin Bureau Insider

🚨 New Video Alert!! 🚨

It’s becoming clear that GameFi is going to be one of the top crypto narratives of the crypto bull market. And it’s evident that Notcoin has emerged as one of the top crypto games.

Contrary to popular belief, Notcoin is not just one game. It’s an ecosystem of crypto games on Toncoin which have seen tens of millions of users thanks to Toncoin’s integration with Telegram.

This could make NOT undervalued despite it already having a market cap of 1 billion. Our research suggests that it could basically become as big as SHIB did in the last cycle – a potential 20x.

It’s safe to say this is a video you can’t miss!

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Coin Bureau Insider

🔥 Rally Report 🔥

AKASH NETWORK

The price of AKT has rallied by 10% in the past 24 hours.

WHY?!

📈 The rally is likely due to speculation surrounding AI chipmaker Nvidia’s upcoming earnings call on Aug 28th.

⚡️ Notably, decentralised compute networks like Akash Network are a core part of the AI x Crypto narrative.

If you want to buy or trade AKT, we have an exclusive $100K Airdrop Bonus Promo on Blofin as well as 70% fee discount!

🔗 https://www.coinbureau.com/deals/trading/blofin-cb/

Looking for a Blofin guide?! 👇

🔍 https://www.coinbureau.com/review/blofin-review/

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Coin Bureau Insider

🚨 Livestream Alert!! 🚨

It’s time for another weekly crypto review!

Today we cover:
- Rate Cuts Coming
- Crypto and Politics
- Telegram Founder Arrested
- Countries Going Crypto
- Bitcoin Dominance
- Top Gainers in Crypto

Join us LIVE!

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Coin Bureau Insider

🔥 Rally Report 🔥

ARTIFICIAL SUPERINTELLIGENCE ALLIANCE

The price of FET has rallied by 12% in the past 24 hours.

WHY?!

📈 Part of a larger rally seen among AI-themed altcoins.

⚡️ Notably, the rally comes in anticipation of positive news in AI chipmaker Nvidia’s upcoming earnings call on Aug 28th.

If you want to buy or trade FET, we have an exclusive $100K Airdrop Bonus Promo on Blofin as well as 70% fee discount!

🔗 https://www.coinbureau.com/deals/trading/blofin-cb/

Looking for a Blofin guide?! 👇

🔍 https://www.coinbureau.com/review/blofin-review/

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Coin Bureau Insider

🚨 New Video Alert!! 🚨

Ripple has been ordered by a US court to pay a $125 million penalty, and XRP fans are ecstatic. And no, it’s not because they hate money.

This penalty should mark the end of the nearly 4-year legal battle between the SEC and Ripple. It might sound crazy, but this result is an enormous win for Ripple, and a big moment for the US crypto industry.

But is the SEC ready to admit defeat? Or will the war on crypto rage on?

If you want to find out, this is a video you have to watch until the end!

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