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All the news about cryptocurrencies in one place. Round-the-clock, operational and automatic updating. Promo inquiries: @ryder_reilly
♾ Russia's Crackdown on Illegal Crypto Exchanges: Saint Petersburg Takes Action
🔍 In a bid to curb illicit activities, Saint Petersburg police have launched a crackdown on illegal crypto exchanges. The authorities have wasted no time, conducting raids across the city and beyond.
➡️ Reports from local media outlets suggest that officers have targeted addresses in 14 different areas, making multiple arrests and issuing cautions to over 90 individuals. The Economic Security Department of the Ministry of Internal Affairs is also said to be involved.
💼 These exchanges may not be operating in isolation; there are indications of a broader network and potential links to money laundering. The sheer scale of the operation is evident from the level of coordination observed.
➡️ Early morning meetings, sealed search warrants, and teams dividing into groups – this was no ordinary operation. As per 47News, hundreds of officials from various law enforcement agencies gathered before dawn to execute the raids.
➡️ While crypto exchanges lack legal status in Russia, suspicions persist that they facilitate illegal cross-border transfers. Authorities are cracking down on these activities, charging those involved with organized crime and offenses related to illegal banking and payment instruments.
🔒 As investigations unfold, security forces are now turning their attention to a residential property in the village of Lisiy Nos, located in Saint Petersburg's Primorsky District. The message is clear: illegal crypto dealings will not go unchecked.
🚀 Ethereum Innovator Takes Flight at Coinbase: Jesse Pollak to Lead Base and Wallet Teams
🤝 In a move that signals career growth, Jesse Pollak, the mastermind behind Ethereum's Layer 2 blockchain Base, has joined the ranks of the Coinbase executive team.
💼 As if leading Base wasn't enough, Pollak will now also steer the ship at Coinbase Wallet, a crucial component in the company's quest to make blockchain tech more accessible.
📢 Taking to X (formerly Twitter), Pollak shared his excitement, stating, "I'll be stepping up to lead Coinbase Wallet and joining the Coinbase exec team. Let's bring a billion people and a million builders onchain!"
🤝 With both Base and Coinbase Wallet sharing a common goal of simplifying onboarding and fostering connections in the decentralized economy, Pollak sees this dual role as an opportunity for closer collaboration.
⚡ Reassuring the community, Pollak affirmed that decentralization and openness remain paramount for Base, while Coinbase Wallet will continue its mission across the entire on-chain landscape.
🤝 By fostering synergy between these teams, Pollak aims to create a forceful alliance that propels their shared mission forward. The future of blockchain accessibility looks brighter than ever.
🎃 BOX-TACULAR NEWS 🎃
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With the Airdrop just months away, some Seedizens want to speed up, and we’re listening!
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🚓 Russian Police Raid $2.2M ‘Cross-Border Crypto Exchange’ in Moscow
💼 In a surprising twist, what appeared to be a run-of-the-mill travel agency in Moscow turned out to be a front for a cross-border crypto exchange, according to Russian police.
💱 The suspected exchange allegedly facilitated $2.2 million worth of crypto transactions, helping Russian clients send money abroad discreetly.
🔴 The Interior Ministry revealed that the operators were involved in illegal banking activities, charging a 1% commission fee for cash transfers to overseas crypto wallets.
🔍 A dramatic video released by the ministry showcased agents storming the office, seizing cash, documents, and communication devices as evidence.
✅ While one suspected "ringleader" has been charged, the investigation is far from over as authorities dig deeper to uncover potential accomplices.
💸 Acting as a conduit for Russians looking to withdraw funds from abroad, this clandestine operation highlights the growing use of crypto as a tool for international remittances.
☄️ South Korea's FSC Boosts Crypto Legislation: Striving for Global Standards and Investor Safety
🌐 South Korea's Financial Services Commission (FSC) is taking a proactive stance on crypto legislation, signaling its commitment to creating a fair and secure environment for the virtual asset industry.
🔴 The FSC recognizes the growing convergence of digital assets and traditional finance, stressing the importance of leveling the playing field. This means introducing regulations that cater to corporations and institutions, including the implementation of real-name accounts.
🌍 The second phase of legislation aims not only to address domestic concerns but also to align with global regulatory standards. By doing so, South Korea hopes to minimize regulatory arbitrage and foster a safer space for investors.
💼 To enhance transparency and accountability, the FSC plans to tighten anti-money laundering and know-your-customer procedures for virtual asset service providers.
💰 While paving the way for a more regulated market, South Korea hasn't turned a blind eye to illicit activities. Its Joint Virtual Asset Investigation Team has made significant strides in combating fraud, seizing an impressive $107 million in assets over the past year.
🚓 With luxury cars and prime real estate in its sights, this dedicated unit is leaving no stone unturned in its mission to ensure integrity within the crypto landscape.
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Get to know each other and participate in the $BOTTLE presale 🚰
$BOTTLE is a new memecoin on Solana, whose presale starts on September 20 at 15:00 UTC
Main features:
🟢Received public support.
🟢Agreements are in place for listings on a couple of top CEXs.
🟢Partnered with TapSwap.
🟢Promises improved tokenomics, fairer distribution (up to 200 SOL per wallet)
I'll try to take a couple of this coin tomorrow, if you want too, you’re welcome here (https://bottle.meme/). The main thing is to be mindful of the risks and not jump into it hook, line and sinker.
💻 Website |📘 Telegram | 💙 Twitter
🔍 Montenegro's Supreme Court to Rule on Do Kwon Extradition This Month
🟥 Montenegro's Supreme Court is gearing up to make a crucial decision by the end of this month, determining whether the extradition process of Do Kwon was marred by legal violations.
🔴 According to Vijesti, a Montenegrin newspaper, the court will scrutinize a request from the Supreme State Prosecutor, alleging multiple breaches of law in the lower courts' judgments regarding Kwon's extradition.
🗓 Acting Supreme Court President Vesna Vučković expressed concerns over the swift identification of these violations, highlighting the potential impact on judicial consistency and public trust in Montenegro's legal system.
⏳ However, scheduling a session to deliberate on the prosecutor's request has proven challenging due to "objective reasons," further complicating the timeline for a final decision, Vučković revealed.
🤔 "This should worry us," cautioned Vučković, as it not only adds to citizens' legal uncertainty but also affects lower court judges who rely on consistent judicial practice.
🚨 In a separate case that raised eyebrows earlier this year, Roman Ziemian, co-founder of the crypto fraud scheme FutureNet, was arrested in Montenegro. The platform collapsed in 2020 after investigations into significant financial losses.
🚀 Binance Labs Boosts DeFi with OpenEden's RWA Tokenization!
💰 Binance Labs, the venture capital powerhouse, has invested in OpenEden, a pioneering platform that tokenizes real-world assets in the booming decentralized finance (DeFi) space.
🌐 OpenEden is not just any platform; it's a unique blend of a licensed fund management company and a cutting-edge tokenization tech firm, based in Singapore.
📈 Thanks to Binance Labs' backing, OpenEden is gearing up to launch more exciting RWA-backed products, forge strategic alliances, and make its mark in untapped markets.
🤝 "OpenEden's focus on stablecoins and RWAs aligns perfectly with our vision," exclaimed Andy Chang, the investment director at Binance Labs, thrilled about this partnership.
🚛 By joining forces with Binance Labs, OpenEden aims to democratize access to lucrative RWA-backed yields within DeFi. Think tokenized U.S. Treasury Bills (T-Bills) and beyond!
💎 Real-World Assets (RWAs) are all the rage lately – think tangible goodies like real estate or bonds. But here's the twist: now they can be digitally represented on the blockchain!
👋 Jade City recently raised $1.8 million to revolutionize precious commodities. The world of traditional assets is evolving fast, thanks to platforms like OpenEden.
💡 Tokenized T-Bills? That's right! OpenEden's pioneering product brings you digital versions of ultra-safe U.S. government debt securities – earning an "A" rating from Moody's!
💸 With over 100 institutional clients and a whopping $100 million in Total Value Locked (TVL), OpenEden is leading the pack in the tokenized T-Bill game, offering transparency and higher net yields.
💎 Playing and claiming rewards from the P2E game Bears Rumble ICO
⚡️ Bears Rumble ICO is an exciting P2E game in which we will have to play as a bear and with the help of alien technology to overcome the game obstacles by completing quests. The project has CERTIK certification.
Later game assets will turn into NFTs, which we will be able to exchange and sell, with 20% of our tokens to drop our players.
⭐️ The project has not been released yet, the presale is planned in 15 days, so now you can join us on our social networks to become early users and participate in our activities.
Subscribe to Telegram, Discord and keep an eye on our Official website.
🟥 VanEck Shuts Down Ethereum Futures ETF, Eyes Solana ETFs as a Precedent Emerges
📉 VanEck's Ethereum Futures ETF is closing its doors and liquidating on September 16, 2024. The decision comes after a thorough review of the fund's performance and investor interest.
💼 Shareholders have until the market closes on September 16 to trade their shares. After that, it's delisting time.
💰 Those holding shares on the liquidation date can expect a cash payout based on the net asset value (NAV) of their holdings. Keep an eye on your brokerage accounts around September 23.
📊 Any remaining income and capital gains might be distributed before the final curtain falls.
📝 Remember to consider the tax implications of this liquidation. Capital gains or losses could impact your year-end reporting.
🔍 While closing one door, VanEck is peeking through another. The company is exploring opportunities in Solana ETFs, buoyed by a precedent set in a 2018 fraud case involving My Big Coin.
🌟 Matthew Sigel, VanEck's Head of Digital Assets Research, sees this ruling as a potential pathway for Solana's regulatory classification – even without an established futures market.
🔥 Controversy Surrounds Trump Crypto Project with Ties to Major DeFi Hack
✔️ Mysterious Connections
The upcoming crypto project linked to Donald Trump is causing quite a stir, with connections to a DeFi hack and some questionable characters.
💎 Trump's DeFi Ambitions
The Trump family has been dropping hints about their new venture, World Liberty, set to make waves in the world of decentralized finance.
🌐 Built on Ethereum and Aave
While the official announcement is still pending, details are trickling in, revealing that the project will be built on the Ethereum blockchain and utilize the Aave protocol.
💥 A Dark Shadow from DeFi
The recent $2.1 million hack of Dough Finance via flash loans raises concerns about potential vulnerabilities in the upcoming Trump crypto project.
🔍 Unsettling Connections
The intrigue deepens as a World Liberty Whitepaper surfaces, highlighting a link between the project and crypto influencer Chase Herro, who was associated with Dough Finance.
🎩 From Dating Advice to Crypto
Another figure in this tangled web is Zachary Folkman, a former "pick-up artist" turned team member, raising eyebrows about the project's composition.
👨💼 Trump's Crypto Squad
Notably, Donald Trump himself assumes the role of Chief Crypto Advocate, while his sons Eric and Donald Jr. take on web3 ambassadorial duties. The Witkoff duo also joins this intriguing leadership lineup.
🚀 South Korea's Financial Future: Tokenized Securities Regulation Takes Center Stage
⚡️ South Korean regulators and central bank officials are sounding the alarm, urging the government to take swift action in regulating tokenized securities. The call comes as industry heavyweights eagerly await the green light for Security Token Offerings (STOs).
📣 At a recent summit organized by the Korea Securities Association (KSA), key players from the financial sector emphasized that "digital assets" are not just a passing trend but rather the future of finance.
💼 Yoon Seong-kwan, Director of Digital Currency Policy at the Bank of Korea (BOK), stressed the importance of embracing digitalization and ensuring safe transactions with the central bank's involvement.
➡️ Lee Jun-seo, Chairman of the KSA, went even further, stating that without comprehensive legislation, financial markets could become more volatile and consumers left vulnerable.
🗂 While an STO bill awaits approval in the National Assembly, Lee called for a broader overhaul of the financial sector's infrastructure to accommodate STOs and unleash their potential as a catalyst for economic growth.
$500 BITCOIN PRICE PREDICTION CONTEST! 💥
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1️⃣ Join our Telegram chat + Announcements channel and react to this pinned post.
2️⃣ Comment with your prediction of Bitcoin's price in USD on September 13th on the "Open Comments" box below.
3️⃣ Submit your prediction by September 4th to be eligible.
✅ 10 winners will receive $50 each! 1 account = 1 prediction.
Edited comments won't count!
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🚀 Bolivia's Crypto Revolution: Transactions Soar as Digital Payments Get Green Light
📈 Bolivia is riding the wave of a crypto boom, with transactions skyrocketing by over 100% since the country embraced digital payments.
🟢 The Central Bank of Bolivia attributes this surge to Resolution 082 2024, which gave the green light to electronic payment channels for virtual assets. The result? A monthly trading volume that has doubled to $15.6 million!
💎 It's not just the big numbers, though. The number of virtual asset transactions has also hit new heights, with over 1.1 million recorded in just three months.
💼 Bolivian financial institutions are getting in on the action too, with six now operating with virtual assets. Talk about embracing the future!
📌 To ensure everyone is up to speed, the Central Bank has launched an educational campaign, hosting workshops that have reached over 3,000 participants.
💡 This isn't just about transactions; it's about transforming Bolivia's economy. As Edwin Rojas Ulo, president of the Central Bank, puts it: "We're paving the way for a future economy with greater use of accessible digital instruments."
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🔥 SEED BURN ALERT 🔥
Attention Seedizens,
Your SEED is at risk, and there won’t be any second chances!
🗓 On September 27th, we'll burn SEED from inactive accounts. If you haven’t logged in for over 30 days, your coins will be gone — permanently.
📌 This is a final notice. Only active Seedizens will keep their SEED. Log in immediately and remind your friends, too.
The endgame is near. Don’t lose what’s already yours! 🤗
MemeFi: Get Spins for Huge Airdrop?
MemeFi has just released a new feature that allows you to get spins for stars. Could the top-up be the best way to get the airdrop like in Catizen, where players got 5 time more?
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💎 Bitget Scores Big with La Liga Partnership: Crypto Takes the Field!
🌍 Expanding Horizons: Bitget, the leading crypto exchange, is making waves in the sports industry as it joins forces with La Liga, Spain's prestigious football league. This groundbreaking collaboration reaches far and wide, spanning Eastern and Southeast Asia to Latin America.
🟥 A Match Made in Heaven: With a shared commitment to excellence and innovation, Bitget and La Liga are a perfect fit. Both sides are ready to "Make It Count" by leveraging the power of blockchain and crypto to revolutionize the world of sports.
🏆 Legends of the Game: La Liga has long been a breeding ground for football greatness, nurturing talents like Lionel Messi. Now, as Bitget steps onto the field as an official sponsor, it's clear that digital currencies are scoring big points in the realm of sports.
💡 The Future is Now: Gracy Chen, Bitget's visionary CEO, recognizes that the future of sports lies in embracing emerging technologies. By teaming up with La Liga, Bitget aims to create exciting new opportunities for fans and athletes alike in this era of digital transformation.
🤝 Crypto's Winning Streak: This partnership is just one example of how crypto companies are forging strong ties with the sports world. From UEFA's Champions League to La Liga's previous deal with Divi Labs, it's evident that digital currencies are no longer sitting on the sidelines – they're playing a starring role in the game.
🇸🇻 El Salvador Will Abandon External Debt From 2025, Bitcoin To The Rescue? 🔥
El Salvador President Nayib Bukele said they will no longer need external debt, with Bitcoin believed to have played a role in this feat.
👉 Read more
😘 Bloom Era Begins: A New Chapter Unfolds 😘
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➡️ Venezuelan Army Cracks Down on Illegal Bitcoin Mining with a Raid!
💻 Bitcoin Mining Rigs Seized
In a bold move, the Venezuelan army stormed a farm in Guárico, confiscating 35 Bitcoin mining rigs and shutting down the operation. President Maduro's talk of embracing crypto seems to be overshadowed by the hunt for unauthorized miners.
✅ No Permits, No Crypto
According to Domingo Hernández Lárez, the military's operational strategic commander, these miners were operating without proper permits or licenses. The army also took away 30 "extractors" and some hefty electric fans.
➡️ Disconnecting the Grid
The government alleges that illegal miners are tapping into the National Electric System, causing power outages. By cracking down on these operations, they hope to relieve pressure on the grid and provide better service to all Venezuelans.
🟠 Private House Turned Crypto Farm
The raid took place in a private house in El Mirador District. Alongside the mining equipment, authorities seized a Chevrolet and a Jeep, making it clear that they mean business.
🔒 Regulating Crypto Mining
The Strategic Command Operations of the Bolivarian National Armed Forces emphasized that Venezuela has regulations in place for crypto activities. They want to ensure that mining is done within the legal framework and with proper registration.
⚡️ Power Grids vs. Crypto Adoption
President Maduro blames "bandits and thieves" for hindering his country's crypto ambitions. The Ministry of Electrical Energy sees cutting off illegal miners as a way to safeguard power grids and provide reliable service to all citizens.
Web3 mini-apps for crypto mining are nothing new, but the Bubble Jump team has redefined the space by introducing adult-themed elements into the gameplay.
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👾 But it’s not just the AI-generated “girlies” that have drawn players in to earn $JUMP tokens. The game encourages active participation through SocialFi quests, Daily Missions, Boosters, and Airdrop System, all of which reward users for their engagement.
⚡️And this is just the beginning. Bubble Jump’s developers have announced that they are working on integrating generative AI, which will allow users to tailor game characters to their deepest desires. This next step aims to elevate the overall gameplay experience, setting a new standard for the industry.
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Community on Telegram
The Bubble Jump on X
➡️ Revolutionizing Crypto: AI Takes Charge with First-Ever AI-to-AI Transaction!
🤖 Coinbase CEO Brian Armstrong just dropped a bombshell – the world's first AI-powered crypto transaction is now a reality!
🤝 In an exciting update on X, Armstrong spilled the beans on how two AI bots shook hands in the digital realm, executing a transaction without any human intervention.
💰 The purpose? To acquire those coveted AI tokens, the building blocks that fuel machine learning algorithms and supercharge artificial intelligence.
🔑 "They used tokens to buy tokens," Armstrong revealed, highlighting the unique capabilities of these digital agents.
⏱ Speedy, borderless, and fee-free – that's the beauty of these AI-driven transactions on Coinbase's Base platform. As Armstrong put it, "Instant gratification for our silicon friends!"
🌐 This groundbreaking development is part of a larger movement within the crypto sphere, as companies like Skyfire and Biconomy gear up to empower AI agents with financial prowess.
📈 With AI bots now flexing their transactional muscles, the future looks bright for tasks that go beyond content creation. From booking flights to managing social media, these digital dynamos are ready to level up!
🚨 Senior South Korean Police Officer Embroiled in Crypto Bribery Scandal
🔍 Investigation Uncovers Alleged Corruption in Seoul's Crypto Hub
In a shocking turn of events, a senior police officer in Seoul's Gangnam District is under scrutiny for allegedly accepting bribes during a cryptocurrency investigation.
✅ Gangnam: The Epicenter of Crypto and Wealth
Renowned for its affluence, Gangnam is not only home to South Korea's top crypto exchanges but also hosts major players in the fintech and IT sectors.
👮♂️ Breach of Trust: Officer Accused of Shady Dealings
Prosecutors have launched a full-scale inquiry into this unnamed superintendent, suspecting their involvement in a case-related bribe. The Virtual Asset Joint Investigation Team conducted a raid on the Gangnam Police Station, securing crucial evidence.
💰 Follow the Money: Cryptocurrency Case Takes an Unexpected Turn
The investigation centers around suspicions that the superintendent received illicit funds while probing a cryptocurrency-related matter. As the search concluded, the officer was promptly relieved of their duties.
🔒 No One Is Above Scrutiny: Even Elite Units Face Internal Challenges
Notably, the Virtual Asset Joint Investigation Team, responsible for high-profile cases like Do Kwon's and the Terra ecosystem collapse, was entrusted with handling this delicate matter due to its expertise in financial crimes.
🚀 Ignit3 Ignites Indonesian Web3 Revolution with Lisk Partnership!
🌐 The Indonesian government is taking a bold step into the future with its first-ever Web3 program, and they've chosen to team up with Lisk, a leading Ethereum Layer-2 solution!
🤝 Together with Gerakan Nasional 1000 Startup Digital, an initiative backed by the government, Lisk aims to nurture and empower the local Web3 startup scene, providing valuable mentorship, resources, and networking opportunities.
💡 Dominic Schwenter, COO of Lisk, believes this collaboration will not only fuel innovation but also foster financial inclusion and cultivate a thriving crypto community in the region.
📈 It's no surprise that Indonesia is embracing the crypto wave. With regulatory bodies like Bappebti and OJK showing support and even creating sandboxes for Web3 experimentation, the country is primed for digital disruption.
🌍 As Lisk continues to make waves, partnering not only with government initiatives but also with projects like Backed Finance to drive real-world asset adoption, it's clear that their commitment to advancing Web3 innovation knows no bounds.
➡️ Key Donor Ron Conway Ditches Crypto PAC Over Surprise Funding Fallout
💔 Billionaire venture capitalist Ron Conway reportedly severed ties with crypto-focused PAC Fairshake after it announced plans to support Republican Bernie Moreno against Democratic Sen. Sherrod Brown.
📢 Fairshake revealed a $12m ad campaign to back Moreno in the 2024 elections. But Conway, who donated $500,000 to Fairshake in December, warned that this move could alienate Democrats and jeopardize pro-crypto legislation in Congress.
✅ Conway, a notable figure in venture capitalism, has actively shaped the tech and startup environments, especially in Silicon Valley. His decision to withdraw from Fairshake underscores his typical allegiance to Democratic candidates and initiatives.
➡️ After the House passed a crypto-friendly bill with strong bipartisan support, Senate Majority Leader Chuck Schumer vowed to pass crypto legislation by the end of the year.
🔔 Schumer’s comments suggest that top Democrats are recognizing the need to integrate the fast-growing digital asset industry into the regulatory framework and keep the US competitive in the global crypto market.
💥 “$12M to [Sherrod] Brown’s opponent at a time when Sen Schumer is doing his best to get a bill passed in the Senate," Conway wrote in an email Wednesday. "How short sighted and stupid can you possibly be?”