Paraspace NFT protocol 'usurper' resigns after failing to overthrow CEO 🔔
➡️ The Paraspace NFT protocol saga over the whereabouts of the protocol’s fund took another turn on May 19 as the project's consultant Jay Yao resigned from his position in the company. Last Week, the NFT protocol made headlines over the missing funds and a barrage of accusations by chief executives and CEO against each other.
🟢 "Yubo has never done any embezzlement. The whole issue is a setup Jay & Thomas are neither shareholders nor co-founders of ParaSpace. Their action have no relation with ParaSpace."
💬 The spokesperson also claimed that "Jay & Thomas are illegally using multi-sig and Twitter account to threaten Yubo as they collude to take over ParaSpace." The same day, blockchain analytics firm Secure3 published a report stating "all funds are repaid" and "we didn't see any evidence of fund embezzlement."
➡️ The Paraspace NFT protocol saga over the whereabouts of the protocol’s fund took another turn on May 19 as the project's consultant Jay Yao resigned from his position in the company. Last Week, the NFT protocol made headlines over the missing funds and a barrage of accusations by chief executives and CEO against each other.
🟢 "Yubo has never done any embezzlement. The whole issue is a setup Jay & Thomas are neither shareholders nor co-founders of ParaSpace. Their action have no relation with ParaSpace."
💬 The spokesperson also claimed that "Jay & Thomas are illegally using multi-sig and Twitter account to threaten Yubo as they collude to take over ParaSpace." The same day, blockchain analytics firm Secure3 published a report stating "all funds are repaid" and "we didn't see any evidence of fund embezzlement."
Huobi Global ordered to halt operations in Malaysia ⏳
🌟 According to an official statement from Securities Commission Malaysia (SCM) on May 22, Huobi Global failed to register as a cryptocurrency exchange operator and must cease all activity. The company has been directed to disable its website and mobile applications on Apple Store and Google Play.
✨ The cryptocurrency exchange is also expected to cease advertising its products and services to Malaysian users via email and social media.
❕ SCM noted that its decision was driven by concerns about Huobi’s “compliance with local regulatory requirements.“ Having failed to obtain SCM registration, the regulator has also directed Malaysian investors to stop trading on the platform, withdraw funds and close their accounts.
🌟 According to an official statement from Securities Commission Malaysia (SCM) on May 22, Huobi Global failed to register as a cryptocurrency exchange operator and must cease all activity. The company has been directed to disable its website and mobile applications on Apple Store and Google Play.
✨ The cryptocurrency exchange is also expected to cease advertising its products and services to Malaysian users via email and social media.
❕ SCM noted that its decision was driven by concerns about Huobi’s “compliance with local regulatory requirements.“ Having failed to obtain SCM registration, the regulator has also directed Malaysian investors to stop trading on the platform, withdraw funds and close their accounts.
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XRP to Exceed All Expectations In 2023? 🤔
➡️ Ripple's 2023 New Value Report reveals strong and widespread excitement regarding the potential of cryptocurrencies despite regulatory issues between the United States Securities and Exchange Commission (SEC) and many crypto firms, including Ripple.
➡️ The report noted that more than 70% of global finance leaders emphasized an increase in their confidence in the crypto industry over the past six months.
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➡️ Ripple's 2023 New Value Report reveals strong and widespread excitement regarding the potential of cryptocurrencies despite regulatory issues between the United States Securities and Exchange Commission (SEC) and many crypto firms, including Ripple.
➡️ The report noted that more than 70% of global finance leaders emphasized an increase in their confidence in the crypto industry over the past six months.
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The world of cryptocurrencies continues to evolve and shape various industries, with businesses and investors constantly seeking insights into emerging trends.
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Crypto Too Risky for ‘Most’ Russians, Says Finance Ministry – But Could Be ‘Suitable’ for ‘Some’ 🇷🇺
➡️ Crypto is too risky for “most” Russians, the nation’s Finance Ministry has claimed. But the ministry claimed tokens could be “suitable” for “professional investors.”
Per the media outlet Nizhny Novgorod, the comments were made by Ivan Chebeskov, the director of the ministry’s financial policy department.
⚡️ Chebeskov said that most Russians should not “consider cryptocurrencies” to be a “form of savings.” He called tokens “high-risk financial instruments.”
☁️ But the policy department did not back a ban on crypto, or suggest that all Russians shun tokens.
Instead, Chebeskov claimed that coins were only “suitable for citizens who already invest in” assets like “securities and real estate.”
➡️ Chebeskov said that “a certain amount of risk still remains” for crypto investors.
He claimed that “the volatility of cryptocurrencies can reach the 100-200% mark.”
➡️ Crypto is too risky for “most” Russians, the nation’s Finance Ministry has claimed. But the ministry claimed tokens could be “suitable” for “professional investors.”
Per the media outlet Nizhny Novgorod, the comments were made by Ivan Chebeskov, the director of the ministry’s financial policy department.
⚡️ Chebeskov said that most Russians should not “consider cryptocurrencies” to be a “form of savings.” He called tokens “high-risk financial instruments.”
☁️ But the policy department did not back a ban on crypto, or suggest that all Russians shun tokens.
Instead, Chebeskov claimed that coins were only “suitable for citizens who already invest in” assets like “securities and real estate.”
➡️ Chebeskov said that “a certain amount of risk still remains” for crypto investors.
He claimed that “the volatility of cryptocurrencies can reach the 100-200% mark.”
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Texas Legislature Aims to Take the Crown as the Bitcoin Mining Capital of the World! - The Blockopedia
Binance Sees $700 Million in Ethereum Outflows Amid SEC Charges 💲
✅ The world’s largest crypto exchange, Binance, saw outflows of more than $700 million on the Ethereum network alone on Monday after news broke that the exchange is being sued by the US Securities and Exchange Commission (SEC).
❕ The news of the outflows was shared by on-chain analysis platform Nansen on Twitter on Tuesday, with the tweet noting that net flows, even in the past hour, continues to be negative.
➡️ According to Nansen’s data, the 24-hour net outflow from Binance on the Ethereum network (ETH and ERC-20 tokens & stablecoins) now stands at $778.6 million.
🟢 Looking solely on BinanceUS, the US-based branch that is actually targeted by the SEC, the net outflows on Ethereum over the same period stood at $13 million, Nansen said.
✅ The world’s largest crypto exchange, Binance, saw outflows of more than $700 million on the Ethereum network alone on Monday after news broke that the exchange is being sued by the US Securities and Exchange Commission (SEC).
❕ The news of the outflows was shared by on-chain analysis platform Nansen on Twitter on Tuesday, with the tweet noting that net flows, even in the past hour, continues to be negative.
➡️ According to Nansen’s data, the 24-hour net outflow from Binance on the Ethereum network (ETH and ERC-20 tokens & stablecoins) now stands at $778.6 million.
🟢 Looking solely on BinanceUS, the US-based branch that is actually targeted by the SEC, the net outflows on Ethereum over the same period stood at $13 million, Nansen said.
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Parsec Crypto Analytics Firm Raises $4 Million in Investment Round Led by Uniswap and Billionaire Novogratz’s Galaxy Digital ✅
🔥 Pro on-chain DeFi and NFT analytics platform Parsec has secured $4 million in an investment round. Sharing the news on X, the crypto-facing analytics platform revealed that the investment round was led by billionaire pro-crypto investor Mike Novogratz’s Galaxy Digital.
🌟 Other key investors include the popular decentralized exchange (DEX) and automated market maker (AMM) Uniswap. In addition, Robot Ventures, CMT Digital, and several other investors.
👉 The Parsec platform also mentioned Will Price, Rice Maximalist, and Freddie Framer as part of its angel investor teams. Since launching in 2020, Parsec Finance has focused on providing crypto-facing institutions with transparent and practical data they need to make decisions.
🔵 The platform enables crypto degens and institutions to access verifiable information across multiple blockchain networks and layer-2 scaling solutions as liquidity rapidly moves.
🔥 Pro on-chain DeFi and NFT analytics platform Parsec has secured $4 million in an investment round. Sharing the news on X, the crypto-facing analytics platform revealed that the investment round was led by billionaire pro-crypto investor Mike Novogratz’s Galaxy Digital.
🌟 Other key investors include the popular decentralized exchange (DEX) and automated market maker (AMM) Uniswap. In addition, Robot Ventures, CMT Digital, and several other investors.
👉 The Parsec platform also mentioned Will Price, Rice Maximalist, and Freddie Framer as part of its angel investor teams. Since launching in 2020, Parsec Finance has focused on providing crypto-facing institutions with transparent and practical data they need to make decisions.
🔵 The platform enables crypto degens and institutions to access verifiable information across multiple blockchain networks and layer-2 scaling solutions as liquidity rapidly moves.
🔥 Ripple's Legal Battle Heats Up: SEC Under Fire, XRP Lawsuit Takes Center Stage
💥 Ripple's Chief Legal Officer, Stuart Alderoty, has come out swinging against the SEC, accusing the regulatory body of failing to provide clear guidelines for the crypto industry. In a scathing response to the SEC's Gurbir Grewal, Alderoty called for the agency to "get off its soapbox" and acknowledge the damage caused by its "misguided war on crypto."
📌 The conflict between Ripple and the SEC has been long-standing, with the XRP lawsuit serving as a battleground. Alderoty took aim at Grewal's remarks, highlighting that the SEC had lost or dropped most of its claims against Ripple, including the assertion that XRP was a security in itself.
🔔 At the heart of this legal tussle lies the Howey test, a 75-year-old legal framework used to determine if an investment qualifies as a security. While Grewal praised the SEC's application of this test, Alderoty argued that it was being manipulated without clear guidance.
⚡️ As Ripple and the SEC gear up for their trial later this month, the clash over crypto regulation intensifies. With both sides digging in their heels, it remains to be seen how this high-stakes battle will shape the future of digital assets.
💥 Ripple's Chief Legal Officer, Stuart Alderoty, has come out swinging against the SEC, accusing the regulatory body of failing to provide clear guidelines for the crypto industry. In a scathing response to the SEC's Gurbir Grewal, Alderoty called for the agency to "get off its soapbox" and acknowledge the damage caused by its "misguided war on crypto."
📌 The conflict between Ripple and the SEC has been long-standing, with the XRP lawsuit serving as a battleground. Alderoty took aim at Grewal's remarks, highlighting that the SEC had lost or dropped most of its claims against Ripple, including the assertion that XRP was a security in itself.
🔔 At the heart of this legal tussle lies the Howey test, a 75-year-old legal framework used to determine if an investment qualifies as a security. While Grewal praised the SEC's application of this test, Alderoty argued that it was being manipulated without clear guidance.
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🚨 JPMorgan CEO Jamie Dimon Sounds Alarm on U.S. Inflation, Hails AI's Potential
📉 In his annual shareholder letter, Jamie Dimon raised a red flag about rising U.S. inflation, attributing it to the "growing need for increased spending" in areas like green initiatives and healthcare.
💪 Despite acknowledging an "unsettling landscape," Dimon commended the resilience of the U.S. economy, even as concerns over inflation loom large.
🔍 The JPMorgan chief expressed skepticism about a "soft landing," cautioning that markets are underestimating the odds of a successful inflation reduction without triggering a recession.
📈 With eyes on the Federal Reserve's next move, Dimon hinted at the possibility of higher interest rates, preparing JPMorgan for a wide range from 2% to 8% or more.
🤖 Embracing the transformative power of AI, Dimon predicted an "extraordinary" impact on JPMorgan, envisioning it as a technology that will revolutionize jobs across the board.
💼 Bolstering its AI capabilities, JPMorgan now boasts over 2,000 experts in artificial intelligence and machine learning, underscoring its commitment to staying ahead of the curve.
🌐 As AI advances and inflation concerns persist, the future of the crypto industry remains uncertain, with potential implications for consumer spending and financial choices.
📉 In his annual shareholder letter, Jamie Dimon raised a red flag about rising U.S. inflation, attributing it to the "growing need for increased spending" in areas like green initiatives and healthcare.
💪 Despite acknowledging an "unsettling landscape," Dimon commended the resilience of the U.S. economy, even as concerns over inflation loom large.
🔍 The JPMorgan chief expressed skepticism about a "soft landing," cautioning that markets are underestimating the odds of a successful inflation reduction without triggering a recession.
📈 With eyes on the Federal Reserve's next move, Dimon hinted at the possibility of higher interest rates, preparing JPMorgan for a wide range from 2% to 8% or more.
🤖 Embracing the transformative power of AI, Dimon predicted an "extraordinary" impact on JPMorgan, envisioning it as a technology that will revolutionize jobs across the board.
💼 Bolstering its AI capabilities, JPMorgan now boasts over 2,000 experts in artificial intelligence and machine learning, underscoring its commitment to staying ahead of the curve.
🌐 As AI advances and inflation concerns persist, the future of the crypto industry remains uncertain, with potential implications for consumer spending and financial choices.
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📈 #TLF formed a bullish order block pattern
Entry price: $0.0015 - 0.002
TakeProfit: $0.02
Click on me to buy TLF 👈
Yesterday TLF was listed on the MEXC and in the first minutes showed a strong growth of 500%. At the moment the price of the asset is in flat and forming liquidity. I think now is a good moment to buy #TLF before the uptrend which should start soon. The project is also interesting for long-term investment because:
▶️ Collateral for financing from partner banks, backed by real-world assets
▶️ Earn income from transactions backed by real-world assets
▶️ Almost all #RWA projects produce large returns in the first few weeks after listing
🔹Website
🔹Telegram
Entry price: $0.0015 - 0.002
TakeProfit: $0.02
Click on me to buy TLF 👈
Yesterday TLF was listed on the MEXC and in the first minutes showed a strong growth of 500%. At the moment the price of the asset is in flat and forming liquidity. I think now is a good moment to buy #TLF before the uptrend which should start soon. The project is also interesting for long-term investment because:
▶️ Collateral for financing from partner banks, backed by real-world assets
▶️ Earn income from transactions backed by real-world assets
▶️ Almost all #RWA projects produce large returns in the first few weeks after listing
🔹Website
🔹Telegram
🚨 Ukrainian Lawmaker Faces Trial Over Bitcoin Bribes 🏛
💰 A shocking case of crypto corruption has rocked Ukraine, as a prominent lawmaker stands accused of attempting to bribe a government official with $10,000 worth of Bitcoin.
🔒 Andriy Odarchenko, an MP for the ruling party, allegedly made the illicit offer to the head of the State Reconstruction Agency, seeking funds for his former university.
📌 The National Anti-Corruption Bureau took swift action, charging Odarchenko last November and securing his detention for two months.
🌐 This landmark case marks Ukraine's first brush with crypto-related corruption, highlighting the need for robust regulation in this emerging field.
⏳ As the trial looms, all eyes are on the High Anti-Corruption Court to deliver justice swiftly and send a strong message against such illicit dealings.
➡️ Meanwhile, in Kyiv, regulators are busy crafting new rules inspired by EU standards to govern the rapidly evolving world of crypto-assets.
🟢 Amidst it all, Ukraine's central bank remains cautious, with a top official recently asserting that digital currencies are not equivalent to money in their eyes.
💰 A shocking case of crypto corruption has rocked Ukraine, as a prominent lawmaker stands accused of attempting to bribe a government official with $10,000 worth of Bitcoin.
🔒 Andriy Odarchenko, an MP for the ruling party, allegedly made the illicit offer to the head of the State Reconstruction Agency, seeking funds for his former university.
📌 The National Anti-Corruption Bureau took swift action, charging Odarchenko last November and securing his detention for two months.
🌐 This landmark case marks Ukraine's first brush with crypto-related corruption, highlighting the need for robust regulation in this emerging field.
⏳ As the trial looms, all eyes are on the High Anti-Corruption Court to deliver justice swiftly and send a strong message against such illicit dealings.
➡️ Meanwhile, in Kyiv, regulators are busy crafting new rules inspired by EU standards to govern the rapidly evolving world of crypto-assets.
🟢 Amidst it all, Ukraine's central bank remains cautious, with a top official recently asserting that digital currencies are not equivalent to money in their eyes.