⚡️ Central Bank of Latvia Paves the Way for Crypto Firms with Pre-Licensing Consultation

🔍 As the European Union gears up for the implementation of MiCA, the Central Bank of Latvia is taking proactive steps to assist local crypto-asset service providers (CASPs).

✅ Starting from January 2025, CASPs can take advantage of free expert guidance through the bank's pre-licensing consultation program. This initiative aims to ensure smooth compliance with MiCA regulations.

📝 The consultations cover a range of topics, including regulatory compliance, documentation requirements, and preliminary assessments. CASPs can request unlimited sessions to clarify doubts and address concerns.

💼 Reinis Znotins from the Latvian Blockchain Association applauds this move, recognizing its significance in helping CASPs navigate the evolving regulatory landscape.

🌐 By fostering a supportive environment, Latvia is positioning itself as an attractive hub for crypto businesses within the EU. With its recent "Crypto Asset Services Law," the country is making strides in developing a robust crypto ecosystem.

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⚠️ CFTC Takes a Stand Against Pig Butchering Scams: New Partnerships Formed to Protect Consumers

🤝 The CFTC is stepping up its game in the fight against pig butchering scams, forging alliances with key players to safeguard Americans from financial harm.

🟢 Teaming up with the American Bankers Association Foundation and private regulators, the CFTC aims to arm consumers with knowledge through an informative infographic.

📢 Meanwhile, in collaboration with the SEC, FINRA, and the NASAA, the CFTC is crafting an investor alert to expose the manipulative tactics used by these fraudsters.

🗣 Melanie Devoe, Director of the CFTC's Office of Customer Education and Outreach, emphasizes the importance of these partnerships in spreading awareness and preventing scams.

💰 With pig butchering scams costing Americans billions annually, it's crucial to tackle this form of relationship confidence fraud head-on, says Devoe.

📈 Pig butchering scams are on the rise, particularly in the world of cryptocurrency, leaving victims with substantial financial losses.

💔 Professor John Griffin's research highlights the staggering scale of this issue, revealing over $75 billion lost to pig butchering between 2020 and 2024.

😘 Bloom Era Begins: A New Chapter Unfolds 😘

From a single SEED, a universe sprouted. 🌱 After the Alpha and Genesis Seasons, we nurtured SEED, watched it take root, and grow stronger day by day. Now, SEED is ready to blossom.

What awaits in the Bloom Era tomorrow?

👨‍💻 A Fresh New Look – Enjoy an all-new UI/UX for a seamless experience.
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As the saying goes, you reap what you sow. We’re not just growing, we’re blossoming into something beyond imagination. The best is yet to come, Seedizens — the future is in full bloom! ✨

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🆘 U.S. Urges Nigeria To Release Tigran Gambaryan Amid Health Crisis

🤝 The U.S. is turning up the heat on Nigeria, urging the government to release detained Binance executive Tigran Gambaryan. This move comes as diplomatic relations between the two countries strain over his money laundering charges.

🌐 The State Department is not taking this lightly, with both Secretary of State Anthony J. Blinken and the U.S. ambassador to Nigeria privately advocating for Gambaryan's freedom during discussions with Nigerian authorities.

🌟 Questions about the legitimacy of his arrest have been raised, especially considering Gambaryan's limited decision-making power within Binance. Nigeria's concerns about the crypto giant's operations in the country seem to be playing a role.

✨ It's not just politics at stake here; it's a matter of humanitarian concern. A recent visit by U.S. Representatives revealed Gambaryan's deteriorating health in Nigerian detention, with malaria, pneumonia, and significant weight loss plaguing him.

⚠️ A heartbreaking video from a court hearing shows Gambaryan struggling to walk due to an untreated herniated disc, breaking down in tears and pleading for justice. His condition has worsened, prompting calls for immediate action.

💔 Binance, too, is rallying behind its colleague, emphasizing that his release is crucial not only for his well-being but also to resolve any alleged issues amicably. They stress that Nigeria need not keep him captive to settle past matters.

🟥 Hemi Labs Raises $15M to Create ‘Supernetwork’ Merging Bitcoin and Ethereum

💰 Hemi Labs, led by former Bitcoin core developer Jeff Garzik, has secured $15 million in funding to develop its groundbreaking blockchain network, Hemi.

🤝 Backed by Binance Labs, Breyer Capital, and Big Brain Holdings, Hemi Labs aims to combine the strengths of Bitcoin and Ethereum into one powerful "supernetwork."

👨‍💻 Co-founder Max Sanchez plans to use the funds to expand Hemi's engineering team, enhance Bitcoin interoperability, and provide developers with advanced tools for customization and community adoption.

🔒 Hemi Labs is on a mission to address the multi-billion dollar problem of DeFi bridge hacks, offering an alternative to centralized bridges that reintroduce trust. They're all about trustless innovation!

⚙️ With the Hemi Bitcoin Kit (hBK), developers gain access to trustless smart contracts and decentralized financial products on the Bitcoin network. It's a game-changer for Bitcoin enthusiasts.

🔗 Thanks to Hemi's novel Proof-of-Proof (PoP) consensus mechanism, transactions are secured with minimal delay. Think of it as "superfinality" within just 2 hours or 12 Bitcoin blocks.

⚠️ The Hemi Virtual Machine (hVM) integrates a full Bitcoin node within an Ethereum Virtual Machine, eliminating the need for third-party data relayers and boosting security.

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🚀 Fluence Revolutionizes Staking with Community Incentives!

🌐 Decentralized computing firm Fluence is shaking up the staking game, welcoming all FLT token holders to join in and share rewards by delegating their stakes to compute providers.

🤝 This groundbreaking move breaks away from the norm, where only hardware providers could stake. Now, it's a community affair, strengthening both participation and network security.

🟢 Unlike traditional cloud computing, Fluence's distributed data center network offers more than just security. With USD-pegged rewards at $10 per month per CPU core for rewards and $200 per core for staking, providers enjoy stability amid cost fluctuations.

⚙️ Fluence's staking program isn't limited to one niche. It supports a wide range of applications, from blockchain nodes to AI models. It's like having a decentralized brain for your computer!

✅ Thanks to partnerships like Parasail, Fluence is making staking more accessible through liquid staking and staking pools. The entry barrier is lowered, giving more people the chance to dive into this exciting opportunity.

📈 As Fluence continues to grow, it's teaming up with top-tier data centers like PiKNik, Nebula, and Kabat. The goal? To enhance the platform's usability for a wide range of DePIN applications.

🔥 SEED BURN ALERT 🔥

Attention Seedizens,

Your SEED is at risk, and there won’t be any second chances!

🗓 On September 27th, we'll burn SEED from inactive accounts. If you haven’t logged in for over 30 days, your coins will be gone — permanently.

📌 This is a final notice. Only active Seedizens will keep their SEED. Log in immediately and remind your friends, too.

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🚨 Behind Bars with Diddy: SBF's Jailhouse Blues

🔒 A Notorious Duo: In a surprising twist, disgraced FTX founder Sam Bankman-Fried finds himself bunking up with none other than Sean Combs, aka Diddy, at Brooklyn's Metropolitan Detention Center. Their charges? From sex trafficking to racketeering, it's a serious situation.

🌟 A Troubled Abode: This isn't your average cell block. Our sources reveal that these high-profile inmates are being held in a special area due to their status. But the MDC's history of violence and subpar conditions has Combs' legal team concerned.

⚡ Legal Maneuvers: While Diddy fights for his freedom, seeking an escape from the MDC's grim reality, Bankman-Fried is already serving a hefty sentence for his role in a multibillion-dollar finance scheme. And let's not forget his vegan woes – bread, water, and peanut butter are his mainstay.

⚠️ Staying Put: SBF could have traded one prison for another, but he chose to remain in the Big Apple, close to his legal squad as they craft his appeal. It seems like California sunshine will have to wait.

🔒 Cellmates of Infamy: Joining the ranks of notorious inmates like R. Kelly and Ghislaine Maxwell, our unlikely duo adds some crypto flair to the MDC's rogues' gallery. With more FTX execs awaiting sentencing, who knows who'll be next to share this not-so-exclusive club?