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All the news about cryptocurrencies in one place. Round-the-clock, operational and automatic updating. Promo inquiries: @ryder_reilly
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๐ Coinbase Fights Back: Files for Summary Judgement Against SEC
๐ Coinbase, the leading cryptocurrency exchange, is taking a bold step in its legal battle against the SEC. It has filed for a partial summary judgement, demanding transparency from the regulatory agency.
๐ข The filing highlights Coinbase's frustration with the SEC's lack of clarity on crypto regulations. It accuses the agency of refusing to explain which digital-asset transactions fall under securities laws, leaving businesses in the dark.
โ๏ธ Coinbase's legal team argues that the SEC's rejection of their Freedom of Information Act requests is unjustifiable. They propose a reasonable compromise, suggesting that immediate litigation can focus on existing documents while negotiations continue.
๐ The SEC's tough stance on crypto is no secret. This enforcement-heavy approach has drawn criticism from industry giants like Kraken and Ripple. Even Cryptocom has taken legal action against the agency, calling out its "unauthorized overreach."
โก๏ธ With the U.S. presidential election looming, the future of crypto regulation hangs in the balance. Republican nominee Donald Trump has vowed to replace SEC Chair Gary Gensler, while Democratic nominee Kamala Harris remains less vocal about her stance on blockchain.
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๐ China's CBDC App Hits 180 Million Wallets, $1.02 Trillion in Transactions
๐ฑ China's e-CNY app, the central bank digital currency (CBDC), has reached a significant milestone with 180 million personal wallets and a whopping ยฅ7.3 trillion ($1.02 trillion) in transactions by July 2024.
๐ฆ This achievement underscores China's commitment to modernizing its financial system, as the CBDC reshapes the way money moves.
๐ In an interview, Mu Changchun, Director of the Digital Currency Research Institute at the People's Bank of China (PBoC), highlighted how the digital RMB integrates with traditional bank accounts and enables smart payments on blockchain.
โก๏ธ The flexibility of China's CBDC allows for offline use, ensuring smoother transactions even in areas without internet or electricity.
๐ To enhance user experience, the system now supports diverse payment methods like QR codes and introduces features such as payments without electricity and mobile SIM card integration.
โก๏ธ As part of its expansion plans, China aims to integrate the digital RMB into public services like transportation, making it more accessible to citizens.
๐ While concerns about privacy and limited functionality persist among some users, China remains at the forefront of global CBDC development, with 134 countries exploring digital currencies.
๐ As other major economies join the race, China's focus on innovation and addressing user concerns will be crucial for wider acceptance of its digital currency.
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๐ THE KING IS CALLING AND THE TREASURE AWAITS! ๐
The Capital is in turmoil waiting for a true leader to take charge, and the ๐ LOST TREASURE is within your grasp!
Will you rise above the rest to claim the throne and riches? The journey begins soon, and only the strongest will succeed!
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๐ Russian Federal Agency Detective Sentenced to 16 Years: Infraud Bitcoin Case Ends in Jail Time
๐ In a landmark ruling, a former top detective from the Russian Investigative Committee has been handed a hefty sentence of 16 years. The case, known as the Infraud Bitcoin bribery scandal, has been making waves across legal circles.
๐ฐ The Biggest Bribe in Modern Russian History
Legal experts are calling it a watershed moment, dubbing this high-profile affair as "the largest bribe in modern Russian history." The accused detective, Marat Tambiev, and his assistant, Kristina Lyakhovenko, were found guilty of accepting bribes from notorious credit card fraudsters.
โช๏ธ Infraud Organization: Cybercrime on a Global Scale
Operating between 2010 and 2018, the Infraud Organization was an international cybercrime syndicate specializing in credit card fraud or "carding." Their activities caught the attention of law enforcement agencies worldwide.
โ๏ธ A Verdict That Sends a Message
Tambiev's fate is sealed with a maximum-security penal colony term. Meanwhile, Lyakhovenko faces nine years in a "general" penal colony. The court's decision underscores the severity of their crimes and sends a clear message about the consequences of corruption.
๐ฑ A Bribe Sealed with Bitcoin
The court proceedings revealed that Tambiev accepted a staggering BTC 1,032 bribe from an Infraud gang member. Shockingly, this deal included an agreement not to touch the group's own Bitcoin stashโa digital twist to an already complex case.
๐ Protests of Innocence Amidst Legal Fallout
Throughout the trial, Tambiev maintained his innocence and claimed he was set up. However, the court ruled against him, stripping him of his rank and imposing a hefty fine exceeding $5 million. The stakes couldn't be higher.
๐ A Fateful Date for Ill-Gotten Gains
Prosecutors dropped a bombshell, revealing that Tambiev received a significant portion of the illicit assets on April 7, 2022. This revelation further cemented the case against him and highlighted the extent of his involvement.
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๐จ Detained Binance Executive Tigran Gambaryan: A Hostage in Nigeria's Kuje Prison
๐ Former IRS Chief Richard Weber has raised the alarm on the nightmarish ordeal faced by Tigran Gambaryan, a crypto compliance expert unjustly held at Kuje prison. Weber reveals that Gambaryan is locked up with "the worst of the worst" terrorists.
๐ "Tigran is a hostage," Weber asserts, highlighting the irony of a law-abiding professional being confined alongside dangerous criminals. He implores the U.S. government to intervene and reunite Gambaryan with his wife and children in California.
๐ Gambaryan's plight began during a trip to Nigeria for digital asset discussions, where he was promised safe passage. Instead, he found himself ensnared in dubious tax evasion and money laundering charges, prompting skepticism from the crypto community.
๐ The toll on Gambaryan's well-being is evident, as he battles malaria, pneumonia, and even a herniated disc without proper medical care. In an emotional court appearance, he pleads for justice, questioning why he's being subjected to such cruelty.
โก๏ธ Yuki Gambaryan, Tigran's wife, echoes the urgent call for justice, decrying the erosion of humanity in her husband's ongoing ordeal. With each passing day, hope wanes as international attention turns to this distressing case.
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๐ค NEW SEASON LOCK IN ๐ค
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โพ Russia's Crackdown on Illegal Crypto Exchanges: Saint Petersburg Takes Action
๐ 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.
โก๏ธ 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.
๐ผ 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.
โก๏ธ Early morning meetings, sealed search warrants, and teams dividing into groups โ this was no ordinary operation. As per 47News, hundreds of officials from various law enforcement agencies gathered before dawn to execute the raids.
โก๏ธ 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.
๐ 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.
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๐ Ethereum Innovator Takes Flight at Coinbase: Jesse Pollak to Lead Base and Wallet Teams
๐ค 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.
๐ผ 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.
๐ข 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!"
๐ค 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.
โก 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.
๐ค 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.
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๐ Bolivia's Crypto Revolution: Transactions Soar as Digital Payments Get Green Light
๐ Bolivia is riding the wave of a crypto boom, with transactions skyrocketing by over 100% since the country embraced digital payments.
๐ข 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!
๐ 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.
๐ผ Bolivian financial institutions are getting in on the action too, with six now operating with virtual assets. Talk about embracing the future!
๐ To ensure everyone is up to speed, the Central Bank has launched an educational campaign, hosting workshops that have reached over 3,000 participants.
๐ก 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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๐ Russian Police Raid $2.2M โCross-Border Crypto Exchangeโ in Moscow
๐ผ 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.
๐ฑ The suspected exchange allegedly facilitated $2.2 million worth of crypto transactions, helping Russian clients send money abroad discreetly.
๐ด 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.
๐ A dramatic video released by the ministry showcased agents storming the office, seizing cash, documents, and communication devices as evidence.
โ
While one suspected "ringleader" has been charged, the investigation is far from over as authorities dig deeper to uncover potential accomplices.
๐ธ 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.
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๐ฅ SEED BURN ALERT ๐ฅ
Attention Seedizens,
Your SEED is at risk, and there wonโt be any second chances!
๐ On September 27th, we'll burn SEED from inactive accounts. If you havenโt logged in for
over 30 days, your coins will be gone โ permanently.
๐ This is a final notice. Only active Seedizens will keep their SEED. Log in immediately and remind your friends, too.
The endgame is near. Donโt lose whatโs already yours! ๐คvid759.mp413.91 MB
Secure Your SEED ๐ฑ
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โ๏ธ South Korea's FSC Boosts Crypto Legislation: Striving for Global Standards and Investor Safety
๐ 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.
๐ด 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.
๐ 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.
๐ผ To enhance transparency and accountability, the FSC plans to tighten anti-money laundering and know-your-customer procedures for virtual asset service providers.
๐ฐ 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.
๐ 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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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?
Seems like that.
Still, most of the activity is completely free. And it's confirmed free activity will also bring you an airdrop.
Mine here: @memefi_coin_bot
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โ๏ธ THE BIGGEST AIRDROP AWAITS โ๏ธ
If you're part of Hamster Kombat, Catizen, Blum, Dogs, SEED, Yes Gold, Notcoin or Tapswap, congratulations! You are now eligible for TON KOMBAT AIRDROP!
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๐ Bitget Scores Big with La Liga Partnership: Crypto Takes the Field!
๐ 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.
๐ฅ 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.
๐ 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.
๐ก 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.
๐ค 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 โ they're playing a starring role in the game.
