Gimme The Coin

South Korea’s Democratic Party Mandates Crypto Holdings Disclosure for Candidates in Upcoming Elections 🇰🇷 The Democratic Party of South Korea has instituted a new policy requiring preliminary candidates for the upcoming general elections to disclose their holdings in virtual assets, including cryptocurrencies, according to The Korea Economic Daily (Hankyung). 🖥 This decision, announced by Han Byung-do, the chairman of the Democratic Party’s Strategic Planning Committee, follows discussions within the party’s general election planning team. The party aims to ensure that candidates uphold the highest moral standards and avoid potential conflicts of interest related to digital asset holdings. 🖥 Chairman Han emphasized the importance of this policy in a recent statement. “The consensus was that the verification of candidates should be strictly strengthened based on morality,” he said. Han also warned that candidates who fail to accurately report their holdings will face legal repercussions and potentially severe consequences, including the cancellation of their candidacy.

FTX Bankruptcy Team Sues Crypto Exchange Bybit for $1 Billion – What’s Going On? 🪙 FTX’s bankruptcy advisers have filed a lawsuit against crypto exchange Bybit Fintech and its two affiliated companies. The lawsuit aims to recover approximately $953 million worth of cash and digital assets that were withdrawn from Sam Bankman-Fried‘s FTX exchange prior to its Chapter 11 filing a year ago. 🛡 The lawsuit, filed in a Delaware court on Friday, alleges that Bybit’s investment arm, Mirana Corp., enjoyed special “VIP” benefits that were not available to most FTX customers. It claimed that Mirana exploited these privileges to withdraw a significant portion of its assets from Bankman-Fried’s platform just before its collapse in November 2022. 🎁 According to the complaint, Mirana exerted pressure on FTX employees to fulfill its withdrawal requests while regular customers of FTX com were left waiting for hours to access their funds as the exchange faced imminent collapse.

Crypto Exchange Kraken Helps UK Police Return $2 Million to Scam Victims 🔵 Crypto exchange Kraken has partnered with the UK’s South East Regional Organised Crime Unit (SEROCU) to return nearly £2 million ($2.4 million) worth of stolen crypto to victims of a scam. Following the arrest of 40-year-old Dutch national Wybo Wiersma, who illicitly transferred IOTA tokens using a fraudulent website designed to generate fake seed phrases, SEROCU seized £2.37 million in crypto. 💡 It is the first time the Proceeds of Crime Act has been used to make such a crypto exchange seizure in the UK, a recent announcement from SEROCU said. SEROCU also shared the news of the upcoming repayment on X, along with a picture of the now-sentenced Wiersma 💡 In court, Wiersma was ordered to pay £2.1 million, with Kraken’s assistance reportedly instrumental in converting the seized crypto into back into British pounds. 🔵 “The victims, of which there are many across the world, have patiently waited for five years for this to happen and it is thanks to my team’s innovation and collaboration, particularly with Kraken, without whom this may not have been possible,” Detective Inspector Rob Bryant of SEROCU’s Cyber Crime and Cryptocurrency Unit, said in a statement.

Why MEXC is listing AI token $QDO 👀 🔥 The bull run of 2024 will be fueled by AI tokens with real utility for business. Qood is a great example: a smart quality management system powered by AI and blockchain together. So, why is a big exchange like MEXC interested in $QDO? - Solid utility for real-world companies - AI and blockchain that actually work together - A doxxed team of experts - Over 12 partnerships with big projects - Strong tokenomics - Audited by Hacken 💲Trade $QDO on MEXC here Official Qoodo group: https://t.me/qoodo_IO

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Not a week goes by without interesting news about the Sundae project. After a post by one of the founders of the Odyssey project regarding Bitget exchange opening Sundae deposits was published, Elon Musk made a post on his X network: "Ice cream is one of the great joys of life." It's hard not to agree with Elon. In just two months, the Sundae token's value has increased from $0.25 to $4, making its many followers 16 times richer. We'd like to remind you – this is at least the third mention by Musk of some "ice cream." The first mention miraculously coincided with the listing on MEXC. So, what is Sundae? What's the secret behind the rapid token's value growth during such a depressive period of bear market rally? The secret of this growth partly lies in rumors that Sundae senators have established an accumulation fund where about 30% of the token's sales profit goes. The fund plans to invest in various sources of income, such as trust funds, media, online schools, IT companies, digital agencies, and even immortal canvases by world-famous authors. The project has all chances to become revolutionary, as evidenced by its listing on major exchanges like MEXC and Bitget, the participation of bloggers with a million-strong audience and funds that previously invested in the current market "monsters." One of the Odyssey co-founders explains: "Sundae means 'ice cream dessert.' Yesterday, the token cost only $0.25, less than ice cream. Today it's already $4, and tomorrow it could be worth thousands. Can you buy your secure future at the price of an ice cream? A foolish question, of course, you can!"

Binance Unveils Web3 Wallet to Promote “Self Sovereign Finance” 🔶 Digital asset exchange Binance has rolled out a web3 wallet to offer a simplified gateway to self-custody for its users. 🟡 The company announced the wallet’s launch at the Binance Blockchain Week Conference in Istanbul highlighting that it can be integrated across 30 blockchain networks and can connect users to several decentralized applications (dApps). 🟡 The new web3 wallet will be available to all users on the Binance App and will compete with MetaMask and Trust Wallet. Trust Wallet is currently owned by the exchange so it is unclear the roles both wallets will play but according to reports, the new wallet will be easily accessible through the exchange. 🔶 While it stresses ease in ushering users to other forms of storage, it was not revealed if a know-your-customer (KYC) will be mandatory to use the service.

😅 Check out the new gambling project 1win, a haven for gambling enthusiasts and all things related. 1win offers a gaming platform that boasts over 15,000 games, complete with Telegram integration. As a gambling fan myself, I've given it a try. Just a heads up though, casino games can be risky – so play only with money you can afford to lose. 🟣 Experience swift deposit and withdrawal processes (supports both fiat and crypto) with an automatic exchange to the gaming token. 🟣 Enjoy a fair average RTP of 98% (just so you know, RTP means return to player, and 98% is pretty solid for gamblers). 🟣 No need for KYC verification to manage gambling habits. ⚡️What's next? 🟣 Navigate to the bot. 🟣 Log in via Telegram and start earning. This project is ideal for those who relish in gambling. Give it a shot and test your luck, all within the convenience of Telegram. So, are you ready to try your luck? 👉 "Play now"

💯 Don’t miss $CAGA launch - the first community-driven LSDfi 💎 CAGA Crypto could be the next big thing in liquid staking! It’s the first true community-driven project in LSDfi: ✅ Stake $CAGA to earn a generous APR ✅ Vote with your $CAGA ✅ Receive a share of the protocol revenue ✅ Decide which product CAGA Crypto will release next ✅ Submit proposals ✅ Benefit from the fair voting mechanism CAGA Crypto already has two more products in the pipeline: leveraged loans (Mega Pools) and a DEX (Swap Pool). This team keeps building like 🔥! 🚨 $CAGA token is about to launch - join the official group: https://t.me/cagacryptogroup

Monero’s Security Breach Drains Entire Funds In Community Wallet: What’s Going On? 🚫 Monero’s community wallet was drained of all assets following a security breach described as shocking and a little sketchy. 🔴 The attack on the privacy coin’s wallet took place on Sept 1 but was not revealed until Nov 2 on GitHub. According to the company, the source of the breach remains unidentified and is still under investigation. 🔴 Monero’s developer, Luigi explained that a total of 2,675.73 XMR worth approximately $460,000 was stolen as a result of the incident. ❌ “The CCS Wallet was drained of 2,675.73 XMR (the entire balance) on September 1, 2023, just before midnight. The hot wallet, used for payments to contributors, is untouched; its balance is ~244 XMR. We have thus far not been able to ascertain the source of the breach.”

Sam Bankman-Fried Trial: Recap, Legal Analysis, and What’s to Come 🛡 The landmark fraud trial against Sam Bankman-Fried came to a swift end Thursday night as the jury found him guilty on all counts after mere hours of deliberation. Bankman-Fried’s parents broke down as the jury revealed their decision, while the defendant stood motionless facing the jury. 🔗 The disgraced FTX founder’s guilty verdict follows an intensive month-long trial which saw his former girlfriend, friends and roommates take the stand against him. 🔗 “It was a very well-tried case by the government,” says former U.S. Assistant Attorney Kevin J. O’Brien. “The evidence was substantial… They had four cooperators from inside the company testifying that he was in charge and made all the key decisions.” © Originally slated to last for six weeks, the trial lasted around a month thanks to the prosecution reducing their arguments, which O’Brien calls “smart.”

Tokenized Future: Hong Kong’s Regulatory Shifts Towards Digital Assets 🇭🇰 Hong Kong is mapping out clear guidelines for tokenization and digital assets. The city aims to achieve a mix of innovation and consumer protection for both the developers and the users. This initiative, as part of a broader push, is steered towards placing Hong Kong at the center of fintech evolution in Asia. 🌐 During Hong Kong FinTech Week 2023, the city’s demonstrates solid evidence to push towards modern financial technology. Christopher Hui, Secretary for Hong Kong’s Financial Services and the Treasury, voiced strong support for web3 innovation. This stance remains unchanged despite recent crackdowns on crypto exchanges like JPEX. “We have been asked many times whether JPEX will affect our determination to grow the web3 market,” Hui said. “The answer is a clear no.” 🎁 One notable initiative is the new Integrated Fund Platform (IFP) as listed in a press release. Developed by the Hong Kong Exchanges and Clearing Limited (HKEX), the IFP targets the retail fund sector. It aims to better serve various stakeholders through a streamlined process.

November promises to be a very eventful month for all participants of the Sundae project Is this tied to the project's creator announcing an imminent token listing on a major exchange or the upcoming Sundae Day in the USA? We will find out soon. A reminder of what is known about the project: Sundae is a crypto token that equates to digital art. Currently, Sundae is available at the price of an ice cream, but in a month, the token's value may reach $25, and subsequently $50, $100, or even $1000. What is remarkable it's the coincidence: one of the Sundae creators posted information about the project on Telegram, and 20 minutes later, Elon Musk posted a photo where he was eating Sundae ice cream in his childhood. It might be a coincidence, but it could also be Musk's intention. Investing in Sundae today might resemble buying McDonald's stocks on its opening day in 1940 or accidentally purchasing a Picasso drawing for ten dollars. The Sundae project was established by the team of Odyssey and the popular meme token Grimace. This pathetic uptrend on the crypto market you call a pump is just a dead cat's bounce. Save yourself with the help of the main defensive asset in the world. Сlock's ticking ©

Do Kwon and Terraform Labs Submit Motion for Case Dismissal against U.S. SEC 🇺🇸 Terraform Labs and co-founder Do Kwon have filed a motion for summary judgment against the U.S. Securities and Exchange Commission (SEC), seeking to dismiss allegations of multi-billion-dollar securities fraud. This move could prevent a lengthy trial if the judge rules in Terraform’s favor. 💲 In the motion, Terraform Labs and Do Kwon assert that the SEC has failed to provide ample evidence for their claims. They stated, “After two years of investigation, the completion of a discovery period that resulted in the taking of more than 20 depositions, and the exchange of over two million pages of documents and data, the SEC is evidentiarily no closer to proving that the defendants did anything wrong.” 💲 Terraform Labs directed their motion for summary judgment to Jed Rakoff, the judge at the U.S. District Court for the Southern District of New York, aiming for a swift resolution. However, Terraform’s last attempt did not land well as Rakoff dismissed Terraform’s previous motion to have the lawsuit thrown out, siding with the SEC’s argument that there might be a “plausible claim” regarding Terraform’s potential violation of securities law. Rakoff also rejected using a recent ruling as a precedent which determined that Ripple Labs did not violate any securities law.

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Spot Bitcoin ETF Approval: Cantor Fitzgerald Grows Confident – Here’s Why 🪙 Analysts at financial services firm Cantor Fitzgerald believe the long-awaited spot Bitcoin (BTC) exchange-traded fund (ETF) is inching closer to reality. 🟡 The company, known for its prime brokerage and investment banking services, has grown confident in the approval of applications from asset managers seeking to launch a spot ETF for Bitcoin, as reported by Bloomberg News. 🟡 The US Securities and Exchange Commission (SEC) has been hesitant to approve a spot bitcoin ETF due to concerns about potential manipulation on offshore spot platforms. However, Cantor Fitzgerald believes that the market surveillance procedures proposed by new applicants could address these worries and sway the SEC towards approval. 🪙 The firm’s analysts Josh Siegler and Will Carlson emphasized the importance of establishing a “comprehensive surveillance-sharing agreement with a regulated market of significant size” to appease regulators.

Taiwan Advances Crypto Regulation as Draft Act Passes First Reading in Parliament 📊 Taiwan parliament, the Legislative Yuan, has passed the first reading of a proposed crypto law that would regulate the crypto asset industry. ☄️ Taiwan has taken a significant step toward regulating the crypto sector by proposing a special crypto law, which has passed its first reading at the Legislative Yuan (Taiwan’s parliament). This proposed law, co-authored by Yung-Chang Chiang and 16 other lawmakers, would require all cryptocurrency platforms operating in Taiwan to obtain a permit. ☄️ Failure to comply could lead to regulatory orders for them to cease operations. While Taiwan’s Financial Supervisory Commission (FSC) had previously released guidelines for the crypto sector to form self-supervisory rules, these measures lacked legal enforceability. 🕯 The goal is to establish a regulatory framework that provides oversight and legal enforceability for crypto businesses, emphasizing the necessity of such a law to ensure proper regulation in the cryptocurrency sector.

Crypto Layoffs Continue: Polkadot Blockchain Developer Parity to Cut 30% Workforce 🔔 Polkadot blockchain developer Parity Technologies is the latest blockchain firm to conduct layoffs. The DLT infrastructure company confirmed to Bloomberg that it would cut 30% of its employees – around 100 staff – in a move to refocus on its core blockchain services. ⚡️ According to Björn Wagner, CEO of Parity, the company will eliminate around 100 staff from its total workforce of less than 400 over a “transition period of a few months.” The move is part of its plan to shift the company’s focus to its technology developments. ⚡️ The company added that most of the cuts would be in the marketing and business development departments. Early this month, the firm hinted about its layoff plans noting that Parity is “sunsetting its go-to-market functions.” ⚠️ Polkadot protocol connects blockchains allowing value and data to be sent across previously incompatible networks like Bitcoin and Ethereum. The DOT token, the native cryptocurrency of Polkadot, is used for staking and governance and has a market value of $5.3 billion.

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Thailand Delays Plan to Distribute $15 Billion in Digital Currency to its Citizens 🇨🇷 Thailand's ambitious plan to distribute digital currency to its citizens, with a total value of approximately $15 billion, has hit a roadblock, as Deputy Minister of Finance Julapun Amornvivat announced a delay in the program's launch, local media outlets reported. 🔠 The initiative aimed to provide 10,000 baht (about $280) to each Thai citizen over the age of 16, with the objective of revitalizing the nation's economy. 🔠 The Thai government has shifted the launch date of the digital currency distribution plan to the first quarter of 2024. The delay was attributed to the need for additional time to develop a secure system, ensuring the protection of both funds and user data. 😯 Earlier, Thailand's Prime Minister, Srettha Thavisin, who also has ties with crypto sector, had envisioned this program as a means to boost consumer spending and, in turn, stimulate the economy, with an ambitious target of achieving 5% economic growth in the coming year.