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FSB Charges Scientist with Treason: Crypto Transfers to Ukraine Raise Eyebrows

⚡️

In a shocking turn of events, Russia's FSB has leveled serious accusations against a Moscow-based scientist, alleging that he committed an act of "treason" by sending cryptocurrency to the Ukrainian Armed Forces.

💼

The scientist, who remains unnamed, was identified as an employee of a scientific organization in Moscow. According to the FSB, he had a peculiar habit of regularly transferring his personal funds and digital assets to Ukrainian military wallets.

🌐

But it doesn't stop there. The FSB claims that this researcher's involvement went beyond mere financial support. They assert that he actively participated in DDoS attacks, targeting a critical Russian structure. DDoS attacks, as you may know, overload servers and disrupt online services.

✅

As is often the case with such sensitive matters, the FSB has been tight-lipped about certain details. They have not disclosed the specific amount or type of cryptocurrency involved, nor have they revealed the names of the scientific institution or the Russian facility affected by the cyber onslaught.

‼️

The gravity of these allegations cannot be understated. The FSB has formally initiated a criminal case, invoking Russia's Criminal Code and classifying the offense as "high treason." It seems that this scientist's alleged dalliance with Ukrainian intelligence has landed him in hot water.

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🌟

Kamala Harris Redefines Democratic Party, Says Billionaire Mark Cuban

🤔

Mark Cuban's Take on Kamala Harris
Billionaire investor Mark Cuban has made a bold claim on social media, asserting that Kamala Harris is not just following the Democratic Party line but redefining it. According to Cuban, the party is now aligning itself with Harris's unique policies, making her a true game-changer.

💼

Pro-Business and Independent
Cuban further praises Harris for her pro-business stance and independent thinking. He sees her as a refreshing departure from ideological rigidity, emphasizing that she is carving out her own path.

🎙

Harris's DNC Speech Sets the Tone
Harris's recent acceptance speech at the Democratic National Convention in Chicago showcased her policy goals on various contentious issues. While she didn't touch on digital assets directly, she vowed to represent all Americans and foster unity.

📈

Harris Surges Ahead in Polls
Following Joe Biden's withdrawal from the race, Harris has surged ahead of Republican nominee Donald Trump in national polls. This unexpected turn of events has only bolstered Cuban's support for the former prosecutor.

💡

A New Era for Business and Blockchain?
Cuban believes that Harris might be more receptive to the blockchain sector than her predecessors. In an interview with Politico, he hinted at a potential shift in policy towards embracing emerging technologies like AI and crypto.

🔴

Crypto Policies Gain Importance
As the race between Trump and Harris heats up, their respective stances on cryptocurrencies could become crucial. With Cuban's endorsement and his insights into Harris's potential openness to innovation, the crypto community is paying close attention.

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11 years of history, the founder’s escape, the construction of the project by enthusiasts and the true blockchain spirit.

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🔒

CoinSwitch Takes Legal Action Against WazirX to Reclaim $9M in Trapped Funds

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As WazirX grapples with the aftermath of a staggering $230 million hack, rival exchange CoinSwitch is fighting back, filing a lawsuit to retrieve over $9 million in funds held hostage.

🔄

CoinSwitch, known for its exchange aggregation services, revealed on X that it has sizeable assets locked within WazirX's platform, spanning fiat, ERC20 tokens, and various cryptocurrencies. Despite persistent efforts to find common ground, the trapped funds remain out of reach.

➡️

While the affected amount represents less than 1% of CoinSwitch's overall holdings, the exchange is tapping into its own reserves to maintain stability and ensure a 1:1 ratio for user accounts. In a statement, CoinSwitch expressed its frustration and announced the decision to pursue legal recourse.

📢

WazirX's CEO Nischal Shetty fired back on X, emphasizing their commitment to treating all users fairly and dismissing any notion of preferential treatment.

🔴 In a parallel development, WazirX's parent company Zettai has sought shelter under Singapore's Insolvency Act by filing for a moratorium in the High Court. This strategic move aims to restructure liabilities and create a solid recovery plan while temporarily shielding the company from debt collection efforts.

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⚡️

Introducing Forta Firewall & the new Forta Chain Powered by FORT token!

⚡️

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🚀

Robot Ventures Rockets to Success with $75M in Funding for Crypto Startups

🤖

Robot Ventures, the forward-thinking crypto VC firm, has just secured a whopping $75 million in its latest funding round. This injection of capital comes at a perfect time, as the market for early-stage blockchain and crypto startups begins to bounce back.

🌐

With investors like TrueBridge Capital Partners and Haun Ventures on board, as well as big names like Marc Andreessen, Robot Ventures is proving that it's not just any ordinary fund. Co-founded by Tarun Chitra and Robert Leshner in 2018, this team brings a unique perspective to the table.

🔍

"We're not just investors," says Chitra. "We're players in the game too." By actively managing their own crypto businesses, they have their finger on the pulse of the industry, allowing them to spot emerging projects with game-changing potential.

💰

This latest funding round has more than tripled Robot Ventures' total capital, taking it from $22 million to an impressive new high. And they're not just sitting on this cash – they've already made strategic investments in exciting ventures like EigenLayer, Lido Finance, Flashbots, and Together AI.

📈

As the crypto market makes a comeback after a rough patch, Robot Ventures is doubling down on its commitment to early-stage startups. "Bear markets are where we shine," says Leshner. With their experience navigating multiple cycles, they're ready to seize opportunities and ride the wave of this upward trajectory.

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SEC Charges Galois Capital for Investor Harm: Custody and Disclosure Failures Exposed!

💼

Crypto advisory firm Galois Capital Management LLC is in hot water with the US Securities and Exchange Commission (SEC). The regulatory watchdog has slapped them with charges related to custody and disclosure failures that have left investors feeling the burn.

💰

In a bid to make amends, Galois Capital has agreed to cough up a hefty sum of $225,000, which will be distributed among those who suffered losses due to the firm's missteps.

🔒

Acting as an investment advisor for a private fund focused on digital assets, Galois Capital failed to live up to its promise of ensuring that certain crypto holdings were kept safe with a qualified custodian. This oversight puts them in direct violation of the Investment Advisors Act's Custody Rule.

📉

Adding insult to injury, it turns out that some of Galois' assets were chilling in online trading accounts, including one notorious platform – FTX. If you recall, FTX made headlines for all the wrong reasons when it went belly-up in November 2022, leaving investors high and dry.

💔

The fallout from FTX's collapse hit Galois hard, resulting in a staggering 50% loss of their assets. Ouch!

🗣

To make matters worse, the SEC has also accused Galois Capital of misleading investors when it came to redemption procedures. Apparently, there was some confusion about the notice period, leaving some investors caught off guard.

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MemeFi Airdrop on Oct 9: Few Weeks Left to Mine!

Our frens at MemeFi have made two huge announcements:

⏺Listing & airdrop planned for Oct 9
⏺Backing by top names in the industry: Consensys, Oddiyana Ventures, Mapleblock Capita, Forj from Animoca Brands and NxGen (this is only the first round!)

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⚡️

Russian Ministry's Power Play: Crypto Miners Get a Boost!

➡️

The Russian Ministry of Energy is making waves in the crypto world, signaling its willingness to provide surplus electricity to crypto miners. This move comes as part of Russia's ongoing efforts to embrace the digital currency revolution.

⚡️

Energy Minister Sergei Tsivilev made the announcement at the Eastern Economic Forum, highlighting that while mining may not be a top priority, it could be a win-win situation for both miners and power providers.

📝

By allowing registered miners access to this excess power, Tsivilev hopes to bring them out of the regulatory "gray zone" and into the light of legality. It's a step towards creating a more transparent and accountable mining industry.

💰

While taxes on mined coins would still apply, there's a hint that the cost of electricity for these miners might be more than reasonable. Tsivilev suggests that this arrangement could improve power station economics, boost tax revenues, and ensure fair payment for electricity.

✅

However, Tsivilev emphasizes that the government's focus remains on social development and supporting traditional industries. Mining is seen as an opportunity rather than a priority, but it's clear that the potential benefits are not being overlooked.

💼

With miners touting their role in job creation and technological advancement, it's evident that they're eager to show how their operations can align with broader national IT initiatives. The stage is set for collaboration between the government and the crypto community.

💰

As Russia's Bitcoin mining output skyrockets, with an estimated 54,000 BTC mined in 2023 alone, the economic impact becomes hard to ignore. Industrial miners could soon be contributing over half a billion dollars annually in taxes – a significant boon for the country's coffers.

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Exciting News: Y-Nation's Digital Citizenship Revolution is Here!

🌐

Y-Nation: not just another project, but a passport to the future!

🚀 By year-end, get ready to wave goodbye to traditional passports as electronic citizenship takes center stage. Y-Nation is on a mission to redefine how we identify ourselves globally.

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🚀 Metaplanet Doubles Down On Bitcoin, Institutional Demand To Push BTC Higher? 📈

Japanese-based firm Metaplanet will purchase more Bitcoin per a new company announcement. How will it impact BTC in the market?

👉 Read more

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🎉

Crypto Party in the Capital: Stand With Crypto Day Returns Bigger and Bolder!

🚀

The second annual Stand With Crypto Day is back, and this time it's hitting Washington, D.C., on September 18! Get ready for a night of electrifying beats as The Chainsmokers take the stage at The Black Cat.

🌐

This epic event is the grand finale of the America Loves Crypto Tour, a whirlwind journey that kicked off on September 4 in Arizona and has been rallying 4 million crypto voters across key swing states like Nevada, Michigan, Wisconsin, and Pennsylvania.

🎶

But it's not just about the music. Each tour stop is a call to action, urging everyone to make their voices heard in the upcoming elections. It's time to show elected officials that the crypto community demands attention and won't settle for anything less!

🎤

Joining The Chainsmokers on this star-studded tour are some incredible talents like rapper Big Sean, pop sensation Lauv, singer-songwriter Jessie Murph, and the one and only rapper 070 Shake. It's a lineup that'll make your heart skip a beat!

⏰

As we gear up for the first presidential debate on September 10, with Trump and Harris vying for the top spot, crypto issues are taking center stage. With one in five swing state voters considering digital assets a hot topic, Stand With Crypto Day couldn't have come at a more crucial time.

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Hey Seedizens, get ready for 🎮 OKXeed ⚪️ — something big is about to unleash! 🌱

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😘

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.

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👨‍💻

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🔍

Montenegro's Supreme Court to Rule on Do Kwon Extradition This Month

⚠️

Montenegro's Supreme Court is set to make a crucial decision by the end of this month regarding the extradition of Do Kwon, with concerns over potential legal violations.

🔔

A report from Vijesti, a Montenegrin newspaper, reveals that the court will carefully examine allegations made by the Supreme State Prosecutor, pointing out multiple breaches of law in lower court judgments related to Kwon's case.

📌

Acting Supreme Court President Vesna Vučković expressed worry about the short timeframe in which these violations were discovered, highlighting the need for consistency and fairness in Montenegro's legal system.

🗓

Scheduling a session to discuss the prosecutor's request has proven challenging due to "objective reasons," further complicating the timeline for a final verdict, Vučković explained.

🔒

"This creates additional legal uncertainty for citizens and lower court judges who rely on judicial practice," cautioned the acting president, emphasizing the broader implications at stake.

🚨

In August, authorities in Podgorica arrested Roman Ziemian, co-founder of FutureNet, a crypto fraud scheme. The arrest and subsequent seizure of related items have added another layer of complexity to Montenegro's legal landscape.

⭐️

FutureNet, launched by Ziemian in 2018, faced scrutiny as Polish authorities raised concerns about its resemblance to a pyramid scheme, leading to its collapse last year after significant financial losses were reported by South Korean victims.

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📈

Binance Research: Tokenization Soars, $12B RWA Market Blossoms

☄️

Traditional Finance Embraces Blockchain
The world of tokenized assets is booming, with a staggering $12 billion market value, as per Binance's latest report. This surge is fueled by the likes of U.S. Treasuries, as well as an expanding array of assets like real estate and private credit.

💰

Treasuries Take the Lead
Among these digitalized assets, it's the allure of tokenized U.S. Treasuries that shines brightest, clocking in at a hefty $2.2 billion. With interest rates on the rise, investors are finding solace in these digital representations of government debt.

🟥

Finance Giants Embrace Digitalization
The report underscores the growing presence of established financial players in this realm. From BlackRock's impressive $500 million Treasury product to Franklin Templeton's FBOXX making waves, traditional finance is making its mark on tokenization.

✅

Regulatory Hurdles Loom
While the future looks bright for RWAs, cautionary notes are sounded regarding potential regulatory challenges. As Binance Research aptly puts it, "The legal landscape surrounding RWAs also remains a concern."

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