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💰 Total Rewards: $25M worth of MPC tokens
🤖 Airdrop Link: Secure your rewards at https://partisiablockchain.com/airdrop
🚀 Set your calendar for February 1, 2024
🔴 Remember to DYOR (Do Your Own Research)
Crypto Risks in Focus: Yellen's Call for Legislation 📣
💼 U.S. Treasury Secretary Janet Yellen, at the helm of the Financial Stability Oversight Council, sounded the alarm on cryptocurrency risks and urged lawmakers to take action.
📉 Market Instability Concerns: Yellen highlighted the volatility and breakneck growth of crypto assets, pointing to recent market turbulence as a wake-up call.
🔒 Regulation Is Key: The Treasury Secretary stressed the need for a robust regulatory framework, with a particular focus on stablecoins and ensuring platforms play by the financial rulebook.
➡️ Enforcement & Legislation: Yellen made it clear that existing rules must be enforced, while also urging Congress to pass laws that specifically address stablecoins and non-security crypto-assets.
🌐 Beyond Crypto: Yellen didn't stop at digital assets, discussing wider economic recovery efforts and keeping an eye on other potential risks like real estate vulnerabilities and global tensions.
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FAM! To celebrate the opening of Love Power Marketplace we’re having a massive giveaway for everybody and a special contest for #NFTartists! ❤️
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💙Date: January 30th to February 16th
💙The prizes release date: 6 weeks after the end of the giveaway
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US Prosecutors Sound Alarm on Legal Representation in Mashinsky and SBF Cases 🔍
🤝 Conflict of Interest Concerns Emerge
The US government has raised red flags over potential conflicts of interest in the ongoing legal battles involving crypto bigwigs Alex Mashinsky and Sam Bankman-Fried. On February 6, prosecutors filed a court document expressing their unease about the shared legal representation in both cases.
➡️ Curcio Hearing Requested
With Marc Mukasey and Torrey Young wearing multiple hats as attorneys for both Mashinsky and SBF, the prosecution is calling for a Curcio hearing. This procedural move aims to address the conflict head-on, giving the defendants an opportunity to waive their right to these lawyers.
♾ Severity Assessment on the Horizon
At the heart of this hearing lies the crucial task of assessing the gravity of the conflict. If a significant conflict of interest is uncovered, the court could take decisive action, potentially leading to the dismissal of both counsels. Stay tuned as this legal saga unfolds!
The US government has raised red flags over potential conflicts of interest in the ongoing legal battles involving crypto bigwigs Alex Mashinsky and Sam Bankman-Fried. On February 6, prosecutors filed a court document expressing their unease about the shared legal representation in both cases.
With Marc Mukasey and Torrey Young wearing multiple hats as attorneys for both Mashinsky and SBF, the prosecution is calling for a Curcio hearing. This procedural move aims to address the conflict head-on, giving the defendants an opportunity to waive their right to these lawyers.
At the heart of this hearing lies the crucial task of assessing the gravity of the conflict. If a significant conflict of interest is uncovered, the court could take decisive action, potentially leading to the dismissal of both counsels. Stay tuned as this legal saga unfolds!
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Crypto Traders Cleared: South Korean Prosecutors Stumble in 'Kimchi Premium' Crackdown 🔍
🛡 Prosecutors Foiled: In a setback for South Korean authorities, 14 suspects have been cleared of any wrongdoing in the alleged $3.2 billion illegal remittance case involving crypto, fiat, and goods.
➡️ Mixed Verdict: While two individuals faced minor charges, with one receiving a 12-month jail term and the other six months, the majority of the group walked free as the Seoul Central District Court acquitted them.
🟢 Chasing Billions: Prosecutors are on a mission to track down crypto traders who they believe have exploited exchange prices to the tune of an eye-popping $6.5 billion.
🔴 Precedent vs. Law: The District Court's decision was based on its view that the prosecution relied too heavily on previous court rulings rather than concrete legislation.
➡️ Appeal on the Horizon: Unhappy with the outcome, prosecutors are not giving up just yet. They have already filed an appeal and are pinning their hopes on a more favorable ruling from the High Court.
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In a heartwarming move, Coinbase's philanthropic arm, GiveCrypto, has announced a $3.6 million donation to Brink, a nonprofit dedicated to advancing Bitcoin. This exciting news was shared on February 16, leaving the crypto community buzzing with anticipation.
Brink wasted no time in expressing their gratitude, revealing that every cent of this substantial contribution will be channeled towards empowering their talented engineers and bolstering their impactful work on Bitcoin's open-source development. It's a win-win for innovation and progress!
While GiveCrypto may have faced challenges in the past, Coinbase's decision to redirect its resources towards organizations like Brink demonstrates a commitment to making a lasting difference. By focusing on sustainable initiatives, they aim to create an enduring positive impact within the crypto ecosystem.
Although the exact breakdown of funds between Brink and another charitable platform, GiveDirectly, remains undisclosed, this generous gesture from Coinbase signals a renewed focus on fostering growth and technological advancement in the world of digital currencies. The future looks promising indeed!
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🚀 Africarare IDO Launch Announcement 🌍✨
🗓 Launch Date & Platforms:
IDO on Spores Launchpad and Kommunitas is scheduled for February 24th.
🤝 Exclusive Partnerships Highlight:
MTN: Partnering with Africa's telecom giant, MTN is a testament to our reach and ambition. With millions of subscribers across the continent, MTN's involvement signifies a leap towards connecting Africa's digital and mobile landscape with the global digital economy.
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CyberKongz: A leading NFT project known for its $210 million total volume traded, CyberKongz collaboration introduces a creative and blockchain gaming dimension to Africarare.
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Avalanche, the layer-1 network, faced a major setback with a block production failure that lasted for almost two hours. The incident was flagged on Avalanche's status page, catching the attention of users.
The problem became evident when the Avascan browser showed no activity beyond block 42046853 at 19:13 UTC+8. This raised concerns about the network's health and stability.
The Avalanche team wasted no time and swiftly addressed the situation, labeling it as a "Block Finalization Stall." They assured users that diligent developers were already digging deep to identify and resolve the root cause.
On February 23, at 12:02:27 pm UTC, Avalanche's primary network encountered an unexpected roadblock in its block production journey. This impacted not only the primary network but also its P-chain and X-chain subnets.
Users browsing through Avalanche's blockchain explorer noticed a concerning delay in new block updates. It was clear that something was amiss, prompting further investigation.
Block production is the lifeblood of any blockchain network, ensuring smooth transaction validation and record-keeping. When this process falters, as seen here, it can lead to frustrating delays and operational hiccups.
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