Vega | Crypto Trends

21 Nov 2024 11:22

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Vega | Crypto Trends

07 Nov 2024 11:05

⭐️Will Trump’s SEC pick be crypto’s savior? All eyes on Dan Gallagher

♦️Is the SEC about to get a crypto-friendly makeover with Dan Gallagher at the helm? How would his approach differ from Gensler’s crackdown?

♦️Rumors are swirling that Dan Gallagher, Robinhood‘s Chief Legal Officer and a former U.S. Securities and Exchange Commission commissioner, may be tapped to lead the SEC if Donald Trump wins the 2024 election.

♦️Gallagher’s name emerges at a time when tensions between the SEC and the crypto industry are already at an all-time high. Under the leadership of SEC Chair Gary Gensler, the SEC has been cracking down on crypto exchanges like Coinbase, Kraken, and Binance, arguing that many cryptocurrencies should be classified as securities.

♦️Moreover, in recent months, Robinhood’s crypto division has found itself in the SEC’s crosshairs, receiving a Wells Notice in May — an indicator that charges could be forthcoming.

♦️Not just Robinhood, but OpenSea, the largest non-fungible tokens marketplace, also received a Wells Notice from the SEC in August, alleging that certain NFTs on the platform may be classified as securities — a claim that could have serious repercussions for the entire NFT space.

♦️Meanwhile, the crypto industry argues that the current SEC framework doesn’t fit digital assets, creating a regulatory headache for companies trying to comply.

♦️If Gallagher does step into the chair position, his background in both traditional finance and digital assets could offer a new approach to regulating the evolving crypto market.

♦️But what exactly does this mean for the future of the industry? Let’s dive deeper into what a Gallagher-led SEC might look like and how it could shape the crypto space.

Vega | Crypto Trends

31 Oct 2024 09:51

📉 Robert Kiyosaki's Stark Warning: Brace for 'The Everything Crash' as Bitcoin's Price May Plummet to $5,000

🏦 In a recent social media update, Robert Kiyosaki, the renowned author of Rich Dad Poor Dad, has raised the alarm bells about the state of the U.S. economy and its potential impact on various markets. With his book having sold over 32 million copies worldwide, Kiyosaki's insights carry weight.

🥇 While gold prices soar to record highs, Kiyosaki cautions that this may not be a positive sign. He believes it reflects growing investor pessimism and a shift towards defensive assets. His bigger concern? A major stock market crash that he sees as long overdue.

💰 According to Kiyosaki, those without gold, silver, and bitcoin in their investment portfolios could face tough times ahead. However, he offers a glimmer of hope, urging individuals to educate themselves, collaborate with like-minded investors, and keep an eye out for post-crash opportunities.

💣 Describing the current situation as an "Everything Bubble," fueled by post-2008 crisis money printing, Kiyosaki paints a grim picture. He warns that when this bubble bursts – much like the eruption of Mt. Vesuvius – it will result in an "Everything Crash", affecting even traditionally safe-haven assets like gold and bitcoin.

🌍 The consequences? A potential global depression reminiscent of the 2008 financial crisis that was narrowly avoided. But amidst this somber outlook, Kiyosaki remains optimistic for those who are prepared. He plans to capitalize on the crash and advises others to do the same.

⚡️ While acknowledging that bitcoin might experience a temporary drop to $5,000 per coin, Kiyosaki sees it as an opportunity for savvy investors. He predicts a subsequent surge to $100,000 or even $250,000, emphasizing his intention to scoop up digital assets at bargain prices.

📚 In his parting words, Kiyosaki urges investors to focus on building wealth and not be swayed by the actions of central banks. He advocates for patience, continuous learning, networking, and preparing for what lies ahead – because the best time to thrive is on the horizon.

Vega | Crypto Trends

29 Oct 2024 10:56

⭐️ Addresses holding over $1m in Bitcoin increased by 2k in 5 days ✨

The number of large Bitcoin holders has been growing as the geopolitical tension in the Middle East cools down.

♦️Whale addresses holding over $1 million in Bitcoin declined from 111,906 to 107,835 between Sept. 29 and Oct. 2, according to data provided by Glassnode. The selloff was majorly triggered on Oct. 1 as Iran launched a missile attack on Israel.

♦️Per data from Glassnode, these whale addresses soon started to rise — reaching 109,921 unique wallets on Oct. 6 — as the tension in the Middle East cooled down.

♦️The broader crypto market also recorded impressive gains over the weekend. According to a crypto.news report, the global cryptocurrency market cap increased by 1.7% over the past day, surpassing the $2.3 trillion mark.

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Vega | Crypto Trends

27 Oct 2024 14:25

IDZ partitions Asset 0 and drops its price to 0.01 ETH to make it accessible to all people. Asset 0 to usher in the beginning of a completely new era. Buy into facts, not hype. Be part of the future.

Buy on OpenSea: opensea.io/collection/idz

Buy on Rarible: https://rarible.com/idz_01/items

Learn more: idz.com/

Follow on Twitter @IDZ_01

Join the community: discord.gg/idz

Vega | Crypto Trends

25 Oct 2024 11:11

⭐️ Bitcoin price stuck in a range as balances on exchanges plunge

♦️Bitcoin price remained in a consolidation phase even as the amount held on exchanges continued to decline. Bitcoin was seen trading at $62,540 on Oct. 8, slightly below this week’s high of $64,500. It remains in a correction after falling 15% from its highest point this year.

♦️Bitcoin still has some potential catalysts that could push its price higher in the coming months. Data from CoinGlass shows that Bitcoin reserves on exchanges have continued to fall, reaching a year-to-date low of 2.34 million. It is estimated that Bitcoins worth over $31 billion have been removed from exchanges since February. Most of these coins have moved to self-custody wallets, while others have been transferred to exchange-traded funds.

♦️Flows from exchanges to wallets are often a sign that most holders are bullish. Some prominent companies, such as MicroStrategy, Marathon Digital, Block, and Tesla, are among the most bullish in the industry. MicroStrategy has accumulated over 252,000 worth of Bitcoins while Marathon holds 26,842 coins. Tesla and Block, formerly known as Square, hold 9,720 and 8,211 coins, respectively.

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Vega | Crypto Trends

14 Oct 2024 16:41

⭐️Giko Cat, inSure DeFi and Sudeng coins exhibit double-digit gains as Solana struggles

♦️Giko Cat, Sudeng and inSure DeFi emerged as the top gainers in the last 24 hours with a double-digit surge.

♦️CoinGecko data shows that while top coins like Ethereum (ETH) and Solana (SOL) are recovering with a 1-3% surge after the recent dump, some meme coins pulled off double-digit gains.

♦️Cat-themed meme coin Giko Cat Giko Cat is up by 52% in the last 24 hours. It is the largest gainer as per CoinGecko’s top gainers list during this period. The coin has a market cap of $63 million. GIKO’s surge can be attributed to the popularity of cat-inspired meme coins, which is led by Popcat (POPCAT).

♦️GIKO is up by over 280% in the last seven days and up 2,100% in the last 30 days. This notable surge happened amidst the highly volatile market conditions.

Vega | Crypto Trends

09 Oct 2024 18:11

⭐️RFK Jr.'s Crypto Commitment Grows: 21 Bitcoins for His Kids and Praise for El Salvador

♦️After a monumental legal victory against Monsanto, RFK Jr. isn't just celebrating with a hefty bank account. He's investing in the future by purchasing 21 bitcoins for his children, showing his belief in the power of digital currency.

♦️ As an esteemed lawyer and long-time supporter of crypto, RFK Jr.'s dedication to the cause is evident. His fight against Monsanto's Roundup, which proved its link to cancer, wasn't just about justice – it was about creating a better world for his kids.

♦️ Looking beyond his personal investments, RFK Jr. has a vision for crypto on a global scale. Inspired by El Salvador's groundbreaking move to embrace bitcoin as legal tender, he sees the need for a unique American approach that fosters innovation while ensuring consumer protection.

♦️ While praising the recently approved FIT21 Act as a promising step forward, RFK Jr. believes that drawing inspiration from countries like Singapore and Switzerland is key to shaping effective regulations in the United States. These nations have become beacons of progress in the digital asset space.

♦️ With his legal triumph and newfound crypto passion, RFK Jr. is proving that he's not just another politician – he's a champion of change, fighting for both justice and financial freedom in the digital age.

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Vega | Crypto Trends

30 Aug 2024 22:28

⭐️ Gateio Sets Sights on Japan: CEO Aims for Full-Scale Crypto Market Entry

♦️ In a bold move, Gateio, the crypto exchange operator, is eyeing the lucrative Japanese market. CEO Lin Han recently revealed this ambitious plan at the WebX conference, signaling a full-scale advance into Japan.

♦️ With license application procedures underway, Gateio is determined to navigate Japan's stringent regulatory landscape. The country's reputation for regulatory rigor has deterred major players like Binance and Kraken in the past.

♦️Gateio aims to learn from others' missteps and prioritize security, vowing to avoid incidents that plagued FTX Japan. Han emphasized that customer protection is paramount, promising separate assets and offline storage for enhanced safety.

♦️ By strictly adhering to Japanese regulations, Gateio aims to build trust and credibility. The exchange plans to stand out by offering a diverse range of tokens while maintaining a high level of security – a winning combination in the competitive crypto space.

♦️ This announcement comes as Gateio takes steps to comply with local regulations, demonstrating its commitment to responsible operations. The Financial Services Agency's warning against unlicensed activity remains fresh in the industry's memory.

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Vega | Crypto Trends

30 Jul 2024 12:35

⭐️Algorand launches LiquidAuth to combat WalletConnect vulnerability

♦️The Algorand Foundation has introduced LiquidAuth, a new tool to decentralize wallet authentication and communication in crypto.

♦️Developers in the crypto space have experienced a vulnerability in wallet communications due to most transactions going through a centralized wallet. On Wednesday, the Algorand Foundation introduced LiquidAuth, a decentralized tool that aims to address this flaw.

♦️LiquidAuth aims to distribute wallet communication by enabling secure, peer-to-peer connections and reducing reliance on central providers. The new project aims to tackle the significant security risk associated with centralized wallet communication services, particularly WalletConnect.

♦️In other words, many crypto transactions are vulnerable at a single point of failure found in their wallet. This wallet is centralized and most likely relies on WalletConnet, which is susceptible to security flaws.

♦️Using established standards and protocols, LiquidAuth allows secure, peer-to-peer communication between wallets and applications (apps or dApps).

♦️LiquidAuth was created to address the vulnerabilities in WalletConnect, but it can also be utilized in other types of traditional web applications.

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Vega | Crypto Trends

22 Jul 2024 12:16

⭐️Nexus Raises $25M to Revolutionize Internet Security with Zero-Knowledge Cryptography

♦️Nexus, the trailblazer in zero-knowledge cryptography, has just secured a whopping $25 million in Series A funding. This investment, co-led by Lightspeed Venture Partners and Pantera Capital, propels Nexus's total funding to an impressive $27.2 million.

♦️ With a mission to bring truth and security to the digital realm, Nexus is pioneering verifiable computation. "This is a fundamental step for humanity," declares CEO Daniel Marin, comparing it to the game-changing advents of the Internet, cloud computing, and AI.

♦️ The funds will not only bolster Nexus's market efforts but also fuel the expansion of its engineering team. The goal? To make zero-knowledge proofs accessible to all developers and drive down their cost significantly.

♦️ Nexus's innovative approach has caught the attention of big players in the industry, including Dragonfly Capital and Blockchain Builders Fund, who were early backers with seed funding of $2.2 million in 2022.

♦️ Scaling up is on Nexus's agenda, aiming for speeds that reach an astounding 1 trillion Hertz. By leveraging zero-knowledge cryptography, they're enhancing speed, security, and usability for developers while preserving privacy.

♦️ As AI advances and privacy becomes paramount, verifiable computing is no longer a luxury but a necessity. Nexus's cutting-edge cryptographic techniques are poised to make a significant impact across sectors like AI, cybersecurity, cloud computing, and privacy-enhancing technologies.

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Vega | Crypto Trends

19 Jul 2024 11:56

⭐️South Korean Police Crack Down on Fake Crypto Mining Scamsters

♦️ In a major operation, South Korean police have busted a gang of fake crypto miners who lured investors with promises of big profits from mining Cardano (ADA) and other tokens.

♦️ The raid in Incheon led to the arrest of 13 individuals, with seven held on charges of organized crime. The rest were released on bail.

♦️ The evidence seized included phones, laptops, and even stacks of cash, all pointing to an elaborate scheme that conned victims out of a staggering $518,000.

♦️ The masterminds behind this operation set up a call center using a darkweb database, targeting crypto enthusiasts with enticing offers and the allure of VIP treatment.

♦️ The scammers even went as far as creating fake wallets for popular cryptocurrencies like Ethereum (ETH) and Solana, further deceiving their victims.

♦️ When the heat was on, the culprits tried to cover their tracks by shutting down their operations and going off the grid, but the long arm of the law caught up with them.

♦️ This incident serves as a stark reminder to stay vigilant in the crypto world, where opportunities for profit can sometimes attract unscrupulous actors.

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Vega | Crypto Trends

10 Jul 2024 12:37

⭐️Hashdex Withdraws Application for Spot Ether ETF, SEC Filings Show

♦️Investors and industry observers are left wondering as Hashdex officially pulls the plug on its Nasdaq Ethereum ETF application. With the SEC greenlighting similar products, the sudden withdrawal raises eyebrows.

♦️The proposed ETH ETF aimed to blend spot Ether holdings with futures contracts, a clever approach to mitigate market manipulation risks. By tracking the Nasdaq Ether Reference Price, Hashdex sought to address regulatory worries.

♦️While the exact motives for this strategic retreat remain undisclosed, it's plausible that evolving regulations and internal considerations within Hashdex played a part in this unexpected twist.

♦️Hashdex's decision comes hot on the heels of major players like VanEck and BlackRock securing approval for their Ether ETFs. This underscores both the fierce competition and regulatory hurdles in this rapidly evolving landscape.

♦️Unlike its triumph with spot Bitcoin ETFs earlier this year, Hashdex now faces a different outcome. The spotlight has shifted to Ethereum, presenting new challenges and opportunities in the crypto investment realm.

♦️While approval is a step forward, issuers must still navigate the S-1 registration process before trading can commence. Analysts speculate that this could take weeks, adding another layer of uncertainty.

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Vega | Crypto Trends

19 Jun 2024 15:20

⭐️US House Votes to Block Federal Reserve's Digital Dollar Plans

♦️The US House has made a decisive move, voting to block the Federal Reserve from pursuing its plans for a digital dollar. With a vote of 216 to 192, the legislation known as the CBDC Anti-Surveillance State Act has gained traction.

♦️Concerns over potential government control have been raised by Republicans, who fear that a digital dollar could become a "surveillance tool". This sentiment is shared by former President Trump, who has vowed to halt its creation if re-elected.

♦️The American Bankers Association has thrown its weight behind the bill, urging House leaders to support it. However, this victory for crypto regulation comes with a caveat – it still needs to navigate the Senate and face scrutiny from critics like Senator Elizabeth Warren.

♦️While the crypto industry celebrates the passage of the FIT21 Act, which grants more authority to regulatory bodies in the digital asset space, challenges lie ahead. President Biden's concerns about consumer protections may require further revisions before it becomes law.

♦️The battle over digital currencies continues, with both sides weighing in on privacy and control. Stay tuned for more twists and turns in this evolving financial landscape.

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Vega | Crypto Trends

25 May 2024 10:28

🛡 Hashdex Withdraws Application for Spot Ether ETF, SEC Filings Show

🔼 Speculation Surrounds Hashdex's Surprising Move
Investors and industry observers are left wondering as Hashdex officially pulls the plug on its Nasdaq Ethereum ETF application. With the SEC greenlighting similar products, the sudden withdrawal raises eyebrows.

➕ A Unique Strategy to Tackle Manipulation Concerns
The proposed ETH ETF aimed to blend spot Ether holdings with futures contracts, a clever approach to mitigate market manipulation risks. By tracking the Nasdaq Ether Reference Price, Hashdex sought to address regulatory worries.

🕯 Unveiling the Reasons Behind the Curtain
While the exact motives for this strategic retreat remain undisclosed, it's plausible that evolving regulations and internal considerations within Hashdex played a part in this unexpected twist.

🔗Timing Is Everything in a Competitive Market
Hashdex's decision comes hot on the heels of major players like VanEck and BlackRock securing approval for their Ether ETFs. This underscores both the fierce competition and regulatory hurdles in this rapidly evolving landscape.

🔄 A Departure from Bitcoin Success Story
Unlike its triumph with spot Bitcoin ETFs earlier this year, Hashdex now faces a different outcome. The spotlight has shifted to Ethereum, presenting new challenges and opportunities in the crypto investment realm.

👍 S-1 Registration: The Final Hurdle Before Trading Begins
While approval is a step forward, issuers must still navigate the S-1 registration process before trading can commence. Analysts speculate that this could take weeks, adding another layer of uncertainty.

Vega | Crypto Trends

10 Nov 2024 09:52

⭐️ Crypto sponsorships with Premier League reach record high amidst gambling sponsor ban

♦️Crypto companies shelled out a record total of nearly $170 million on sponsorship deals with Premier League clubs for the 2024/2025 season based on data from SportsQuake. According to an Oct. 7 Bloomberg report, sponsorships from crypto firms have come flooding into the pockets of Premiere League clubs.

♦️As the League prepares to adjust to tightening regulations on gambling sponsorship, crypto firms have seized the opportunity by partnering up with football leagues for the first time. Data from sports sponsorship agency SportQuake revealed that the sponsorship value coming from crypto firms have risen almost 30% compared to last year’s sponsorships.

♦️CEO of SportQuake, Matt House, remarked that clubs have gotten more confident in making deals with crypto firms compared to last year when rules around cryptoasset marketing were tightened. Meanwhile, crypto firms have grown much more “comfortable about what they can do”.

♦️“We’re just going to use the Premier League to drive a brand message, we’re not actually pushing direct sales messages,” said House to Bloomberg.

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Vega | Crypto Trends

02 Nov 2024 14:03

💎 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 Discord and keep an eye on our Official website

Vega | Crypto Trends

30 Oct 2024 10:49

🔥 Everyone check this new Staking Competition NOW!!! 🔥

SEED: Staking is LIVE! Now is the time to stake your $SHILL and earn rewards!
Take part in the 1st round of SEED: Staking competition and be one of the first 100 stakers to win a total reward of $1000 USD in $SHILL! To join the competition, simply follow the instructions below: ⬇️

💎 Stake $SHILL on SEED: Staking.
💎 Repost/retweet this post.
💎 Comment with your staked wallet address and tag 2 friends using the hashtag #SEEDStaking.

📌 The 1st round takes place from November 23th to December 17th, and the rewards will be processed for eligible winners within 7 days after each round ends. Don't let your chance slip by and let's kick off your staking journey!

Follow them on Twitter for more info: https://twitter.com/ProjectSeedGame

Vega | Crypto Trends

28 Oct 2024 12:33

⭐️ UNI jumps 11% as Uniswap debuts its own layer-2 solution Unichain

♦️Decentralized exchange Uniswap has entered the layer-2 solution landscape with its new initiative to “accelerate Ethereum’s scaling roadmap.”

♦️Uniswap, one of the largest decentralized exchanges by trading volume, has unveiled Unichain, a new open-source Ethereum-based layer-2 network designed to enhance transaction speed, reduce costs, and improve liquidity across decentralized finance.

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Vega | Crypto Trends

26 Oct 2024 12:47

⭐️ Nearly 50% of traditional hedge funds have crypto exposure: PwC

♦️Nearly half of hedge funds focused on traditional assets now have crypto exposure, driven by regulatory clarity and the launch of ETFs, according to a new survey.

♦️A growing number of hedge funds focused on traditional asset classes are embracing crypto, a move driven by enhanced regulatory clarity and the launch of exchange-traded funds in the U.S. and Asia, Bloomberg reports, citing a new survey by the Alternative Investment Management Association and PricewaterhouseCoopers.

♦️The report found that 47% of hedge funds trading in traditional markets now have exposure to cryptocurrencies, up from 29% in 2023 and 37% in 2022. Among these funds, 67% plan to maintain their current level of investment in cryptocurrencies, while the remainder intend to increase their exposure by the end of 2024.

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Vega | Crypto Trends

24 Oct 2024 15:04

⭐️ Are NFTs making a comeback or just riding the hype? Here’s what the numbers say

♦️Non-fungible tokens are starting to show signs of life again after a rather dull performance in the last few weeks. According to data from CryptoSlam, sales between Sep. 30 and Oct. 6 soared past $84.9 million, marking the highest sales volume since the week ending Aug. 25, which recorded over $93 million.

♦️What’s even more interesting is that the NFT market has been gaining momentum throughout September. During the week of Sep. 16-22, NFT sales reached $69 million, and the following week, Sep. 23-29, saw a modest uptick to $75 million. The current week, as of Oct. 7, has already clocked over $5.5 million in sales, suggesting that the market could continue this upward trend.

♦️In addition to the rise in sales volume, there’s been an increase in activity, with over 2 million transactions recorded in the last seven days as of Oct. 7, a 29.73% jump from the previous period. However, it’s not all sunshine. The average sale price of NFTs has dropped by 32.91%, now sitting at around $43 per sale, indicating that while more people are engaging with NFTs, the high-priced collectibles may still be lagging behind.

♦️With the numbers showing positive momentum, what’s driving this rebound? Let’s dive deeper into which blockchains are leading the NFT race, why NFTs are making a comeback, and what we can expect in the days to come. Which blockchains are lea

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Vega | Crypto Trends

14 Oct 2024 10:30

⭐️Saving Ethereum from itself: Experts weigh in on Vitalik Buterin’s ‘alignment’ plan

♦️Will fragmentation tear Ethereum’s booming ecosystem apart? Vitalik Buterin urges “alignment,” but is it too late? Experts share their insights. Over the past few years, Ethereum’s ecosystem has expanded rapidly. As of 2024, there are over 4,000 decentralized applications and dozens of layer 2 solutions built on Ethereum, each with a unique team and vision.

♦️However, this diversity creates a challenge: fragmentation. How can such a large, decentralized ecosystem work together toward common goals without losing its unique identity? The risk of fragmentation is already becoming apparent. Take, for instance, layer 2 solutions like Arbitrum and Optimism.

♦️While they aim to scale Ethereum by offloading transactions from the main chain, they operate somewhat independently. This raises concerns about how well these L2s will be able to cooperate in the long run. Vitalik Buterin, Ethereum’s co-founder, recently addressed this issue, calling for ‘Ethereum alignment’ to unify the various projects and teams within the ecosystem.

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Vega | Crypto Trends

09 Oct 2024 13:11

⭐️US House Votes to Block Federal Reserve's Digital Dollar Plans

♦️The US House has made a decisive move, voting to block the Federal Reserve from pursuing its plans for a digital dollar. With a vote of 216 to 192, the legislation known as the CBDC Anti-Surveillance State Act has gained traction.

♦️Concerns over potential government control have been raised by Republicans, who fear that a digital dollar could become a "surveillance tool". This sentiment is shared by former President Trump, who has vowed to halt its creation if re-elected.

♦️The American Bankers Association has thrown its weight behind the bill, urging House leaders to support it. However, this victory for crypto regulation comes with a caveat – it still needs to navigate the Senate and face scrutiny from critics like Senator Elizabeth Warren.

♦️While the crypto industry celebrates the passage of the FIT21 Act, which grants more authority to regulatory bodies in the digital asset space, challenges lie ahead. President Biden's concerns about consumer protections may require further revisions before it becomes law.

♦️The battle over digital currencies continues, with both sides weighing in on privacy and control. Stay tuned for more twists and turns in this evolving financial landscape.

💫💫

Vega | Crypto Trends

10 Aug 2024 21:03

⭐️Harris and Trump Deadlocked at 49% Odds on Polymarket: A Nail-Biting Race!

♦️The stakes are high on Polymarket, with a whopping $541 million in the betting pool. It's anyone's game!

♦️Harris's surprise pick of Walz over Shapiro has left Polymarket users buzzing. Campaigning in Michigan, both teams are in it to win it.

♦️Harris's odds have been climbing steadily since Biden withdrew, while Trump's lead has taken a hit. The tides are turning!

♦️Prediction markets like Polymarket offer a unique perspective, but remember, it's a self-selecting group with a crypto flair.

♦️Polymarket reacts fast to breaking news, but even they were caught off guard by Harris's curveball. Predictions aren't always perfect.

♦️Trading volume on Polymarket is soaring, hitting $1 billion monthly. But revenue struggles persist for the platform.

♦️Senators raise concerns about election betting, calling for a ban. They fear billionaires playing with democracy like a profit game.

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Vega | Crypto Trends

23 Jul 2024 11:19

⭐️ Swarm Markets Launches Tokenized Gold: A Golden Opportunity for Digital Investors

♦️ Berlin-based Swarm Markets is making waves in the digital investment world with its latest offering: tokenized gold. 🪙

♦️ Partnering with security experts Brink's, Swarm is bringing a new level of trust to the table. Each non-fungible token (NFT) represents ownership of a specific gold bar, safely stored in London vaults.

♦️ Co-founder Philipp Pieper compares it to "Amazon web services of gold on the chain," emphasizing the convenience and security of digital ownership.

♦️ With Europe's MiCA regulations looming, Swarm has gone the extra mile to ensure compliance. Investors can trade these unique NFTs with confidence, as they fall outside the scope of asset-referenced token rules.

♦️ The real kicker? These tokens aren't just pretty trinkets; they're tradable assets! Swarm's platform and compatible marketplaces offer liquidity and engagement, giving traditional gold investments a run for their money.

♦️ Blockchain technology enables seamless transfers, while KYC and AML checks keep things above board. And here's the icing on the cake: investors get to choose where their golden treasure is physically stored.

♦️ Swarm Markets is riding high on the wave of asset-backed digital tokens, tapping into a trend that shows no signs of slowing down. It's time to shine a light on the future of gold investment – and it's looking pretty bright!

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Vega | Crypto Trends

20 Jul 2024 13:52

⭐️CoinGecko Users Targeted by 23,000 Phishing Emails After Email Provider Breach

♦️Cryptocurrency data aggregator CoinGecko has confirmed a data breach of its third-party email platform GetResponse, exposing over 23,000 users to phishing emails. This came following yesterday’s reports of a new wave of crypto airdrop scams, suspected to affect CoinGecko.

♦️ On June 7th, CoinGecko released an announcement confirming that GetResponse suffered a data breach on June 5th. It allowed attackers to export the contact information of over 1.9 million users. CoinGecko confirmed a compromised employee email as the cause of the data breach. They said:

♦️ “An attacker had compromised a GetResponse employee’s account, leading to a breach. We received confirmation from the GetResponse team on 6 June 2024, at 11:58 AM UTC, that a data breach had occurred.”

♦️ The compromised data includes users’ names, email addresses, IP addresses, and email open locations. Metadata such as sign-up dates and subscription plans were also exposed. CoinGecko user accounts and passwords remain secure and uncompromised. Despite CoinGecko’s primary email domain remaining uncompromised, the attacker was still able to send 23,723 phishing emails. CoinGecko confirmed:

♦️ “The attacker exported 1,916,596 contacts from CoinGecko’s GetResponse account and sent phishing emails to 23,723 emails from another GetResponse client’s account (aljassociates).” Phishing is a scam where attackers deceive people into revealing sensitive information, like crypto wallet private keys. Other phishing attacks, known as address poisoning scams, aim to trick investors into willingly sending funds to a fraudulent address that looks similar to addresses they previously interacted with.

♦️ In response, CoinGecko provided steps on how users can protect themselves from potential scams. They encourage users to avoid unfamiliar or misleading domains, clicking on links, downloading attachments from unsolicited sources, and token airdrop offerings.

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Vega | Crypto Trends

14 Jul 2024 16:59

⭐️RFK Jr.'s Crypto Commitment Grows: 21 Bitcoins for His Kids and Praise for El Salvador

♦️After a monumental legal victory against Monsanto, RFK Jr. isn't just celebrating with a hefty bank account. He's investing in the future by purchasing 21 bitcoins for his children, showing his belief in the power of digital currency.

♦️ As an esteemed lawyer and long-time supporter of crypto, RFK Jr.'s dedication to the cause is evident. His fight against Monsanto's Roundup, which proved its link to cancer, wasn't just about justice – it was about creating a better world for his kids.

♦️ Looking beyond his personal investments, RFK Jr. has a vision for crypto on a global scale. Inspired by El Salvador's groundbreaking move to embrace bitcoin as legal tender, he sees the need for a unique American approach that fosters innovation while ensuring consumer protection.

♦️ While praising the recently approved FIT21 Act as a promising step forward, RFK Jr. believes that drawing inspiration from countries like Singapore and Switzerland is key to shaping effective regulations in the United States. These nations have become beacons of progress in the digital asset space.

♦️ With his legal triumph and newfound crypto passion, RFK Jr. is proving that he's not just another politician – he's a champion of change, fighting for both justice and financial freedom in the digital age.

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Vega | Crypto Trends

08 Jul 2024 10:51

⭐️FTX Estate's Bold Move: Auctioning Discounted SOL Tokens to Settle Debts

♦️ In a bid to repay creditors and former clients, the FTX estate has made a strategic move by auctioning off its remaining heavily discounted Solana (SOL) tokens.

♦️Pantera Capital and Figure Markets emerged as the lucky buyers, snagging these digital assets at a fraction of their market value.

♦️The deal, worth a whopping $2.6 billion, saw the tokens change hands at just $102 per token, while the current market price stands at a robust $168.

♦️To ensure stability in the market, a four-year vesting schedule has been put in place for these tokens, preventing any sudden shocks.

♦️Despite some criticism from creditors like Sunil Kavuri, who argued for direct returns instead of discounted sales, the FTX estate has managed to recover an impressive $7.3 billion in assets so far.

♦️Concerns over asset handling led to an independent investigation into Sullivan & Cromwell's role, but they were ultimately cleared of any wrongdoing.

♦️ While SOL's price dipped slightly after the announcement, this alternative layer-1 network continues its upward trajectory since November 2023, hitting a recent high of $210.

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Vega | Crypto Trends

29 May 2024 10:08

🤡FTX Estate's Bold Move: Auctioning Discounted SOL Tokens to Settle Debts

🔈 In a bid to repay creditors and former clients, the FTX estate has made a strategic move by auctioning off its remaining heavily discounted Solana (SOL) tokens.

🛍Pantera Capital and Figure Markets emerged as the lucky buyers, snagging these digital assets at a fraction of their market value.

⚡️The deal, worth a whopping $2.6 billion, saw the tokens change hands at just $102 per token, while the current market price stands at a robust $168.

☄️To ensure stability in the market, a four-year vesting schedule has been put in place for these tokens, preventing any sudden shocks.

⚠️Despite some criticism from creditors like Sunil Kavuri, who argued for direct returns instead of discounted sales, the FTX estate has managed to recover an impressive $7.3 billion in assets so far.

⚠️ Concerns over asset handling led to an independent investigation into Sullivan & Cromwell's role, but they were ultimately cleared of any wrongdoing.

👀While SOL's price dipped slightly after the announcement, this alternative layer-1 network continues its upward trajectory since November 2023, hitting a recent high of $210.

Vega | Crypto Trends

20 May 2024 08:22

🌐US House Votes to Block Federal Reserve's Digital Dollar Plans

🤫The US House has made a decisive move, voting to block the Federal Reserve from pursuing its plans for a digital dollar. With a vote of 216 to 192, the legislation known as the CBDC Anti-Surveillance State Act has gained traction.

🔖Concerns over potential government control have been raised by Republicans, who fear that a digital dollar could become a "surveillance tool". This sentiment is shared by former President Trump, who has vowed to halt its creation if re-elected.

📌The American Bankers Association has thrown its weight behind the bill, urging House leaders to support it. However, this victory for crypto regulation comes with a caveat – it still needs to navigate the Senate and face scrutiny from critics like Senator Elizabeth Warren.

✨While the crypto industry celebrates the passage of the FIT21 Act, which grants more authority to regulatory bodies in the digital asset space, challenges lie ahead. President Biden's concerns about consumer protections may require further revisions before it becomes law.

🔄The battle over digital currencies continues, with both sides weighing in on privacy and control. Stay tuned for more twists and turns in this evolving financial landscape.