🚀 ZetaChain Permanently Locks 1.5 Billion ZETA Tokens for Mainnet
#ZetaChain #ZETA #mainnet #tokens #blockchain #cryptocurrency #security
According to Foresight News, ZetaChain has announced the permanent locking of 1.5 billion ZETA tokens for its mainnet. The conversion limit for Ethereum tokens has been capped at 600 million tokens. ZetaChain stated that this move aims to prepare for upcoming chain integrations and enhance security.#ZetaChain #ZETA #mainnet #tokens #blockchain #cryptocurrency #security
🚀 0G Labs To Open Node Sales On November 11
#0GLabs #NodeSales #Web3 #ModularInfrastructure #ETH #Blockchain #PreSeedFunding #HackVC #ForesightVentures
According to Foresight News, Web3 modular infrastructure company 0G Labs will commence node sales on November 11. The sale will feature 32 tiers, with each node starting at a price of 0.05 ETH. The initial sales period, from November 11 at 20:00 to November 13 at 20:00 (UTC+8), will be exclusively available to whitelisted users. Following this period, the sales will be open to the general public.
Previously, in March 2024, 0G Labs successfully completed a $30 million Pre-Seed funding round. The round was led by Hack VC, with participation from Foresight Ventures and other investors.#0GLabs #NodeSales #Web3 #ModularInfrastructure #ETH #Blockchain #PreSeedFunding #HackVC #ForesightVentures
🚀 Lido Proposes Community Staking Module With Voting Deadline Set
#Lido #Ethereum #staking #liquidstaking #communitystakingmodule #CSM #voting #crypto #blockchain
According to Foresight News, Ethereum liquid staking protocol Lido has released a proposal for a community staking module (CSM). The voting on this proposal is set to conclude on October 25 at 00:00 UTC+8. The proposal aims to introduce the CSM and upgrade the staking router to enhance compatibility with the CSM and future modules.#Lido #Ethereum #staking #liquidstaking #communitystakingmodule #CSM #voting #crypto #blockchain
🚀 Top Meme Coin Trading Volumes On Moonshot Platform
#meme #cryptocurrency #trading #Moonshot #BlockBeats #Dune #ACT #GNON #SLOP #SHOGG #GOAT #ApplePay #PayPal
According to BlockBeats, data from Dune on October 23 reveals the 24-hour trading volumes for meme coins on the Moonshot platform. The rankings are as follows:
1. ACT: $145,600
2. GNON: $134,100
3. $SLOP: $124,600
4. SHOGG: $105,100
5. GOAT: $94,100
Moonshot is a user-friendly trading platform that supports payments via Apple Pay, cryptocurrencies, and PayPal.#meme #cryptocurrency #trading #Moonshot #BlockBeats #Dune #ACT #GNON #SLOP #SHOGG #GOAT #ApplePay #PayPal
🚀 Coinshares Expands To US With New York Office
#Coinshares #NewYork #USExpansion #DigitalAssets #ValkyrieFunds #ETFs #Investment #FinancialMarket #InstitutionalClients #RetailClients
According to BlockBeats, European digital asset investment firm Coinshares International has announced the opening of a new office in New York City, marking a significant step in its U.S. expansion strategy. This move aims to strengthen the company's influence in the U.S. financial market and follows its acquisition of Valkyrie Funds. The newly established New York office will serve as the core of Coinshares' U.S. operations, enhancing the company's ability to serve the rapidly growing institutional and retail client base in the country. The company is actively recruiting for sales, marketing, and compliance positions to support this expansion plan.
With the acquisition of Valkyrie Funds, Coinshares has increased its assets under management to $5.5 billion. Valkyrie Funds is known for its actively managed exchange-traded funds (ETFs), including popular products like the Coinshares Valkyrie Bitcoin Fund and the Miners ETF. Coinshares CEO Jean-Marie Mognetti stated, 'The establishment of the New York office is a milestone in our entry into the U.S. market, highlighting the growing importance of digital assets in the global financial ecosystem. This not only enhances our ability to collaborate with U.S. stakeholders but also solidifies our leading position in the development of the digital asset industry.'#Coinshares #NewYork #USExpansion #DigitalAssets #ValkyrieFunds #ETFs #Investment #FinancialMarket #InstitutionalClients #RetailClients
🚀 Whale Profits from FLAVIA Transactions
#Whale #FLAVIA #Transactions #USDC #Profit #Crypto #TokenSales
According to Odaily, Onchain Lens monitoring has revealed that a whale initially purchased 59,549,920 FLAVIA tokens for 22,869 USDC. The whale has since sold 21.8 million FLAVIA tokens, earning $628,000 and holding an unrealized profit of $1.3 million.#Whale #FLAVIA #Transactions #USDC #Profit #Crypto #TokenSales
🚀 Sky Founder Sells ENA Tokens After Recent Redemption
#Sky #ENA #USDC #RuneChristensen #MakerDAO #USDe #USDT #TokenSale #CryptoNews
According to Odaily, Rune Christensen, the founder of Sky (formerly MakerDAO), recently sold 2.04 million ENA tokens for $744,000 USDC. This transaction occurred nine hours ago, as monitored by Spot On Chain. Notably, Christensen also redeemed all 22.08 million USDe tokens for USDT seven days ago. He was previously one of the largest holders of USDe tokens.#Sky #ENA #USDC #RuneChristensen #MakerDAO #USDe #USDT #TokenSale #CryptoNews
🚀 Binance to Support Viction (VIC) Network Upgrade and Hard Fork
#Binance #Viction #VIC #networkupgrade #hardfork #tokensupply #cryptocurrency #trading #riskwarning
Binance has announced its support for the upcoming Viction (VIC) network upgrade and hard fork. To ensure a seamless user experience, Binance will temporarily suspend deposits and withdrawals of VIC tokens starting from 07:00 UTC on October 29, 2024.Key Details of the Upgrade:Upgrade Timing: The upgrade and hard fork will occur at block height 86,158,494, expected around 08:00 UTC on October 29, 2024.Tokenomics Changes:Total Supply Increase: The total supply of VIC tokens will rise from 100,000,000 to 210,000,000.Circulating Supply Boost: An additional 20,000,000 tokens will be added to the circulating supply immediately following the upgrade.Risk Warning for Traders: Before trading VIC, users will see a risk warning banner and pop-up notification.#Binance #Viction #VIC #networkupgrade #hardfork #tokensupply #cryptocurrency #trading #riskwarning
🚀 India Considers Banning Private Cryptocurrencies While Promoting CBDC Adoption
#India #Cryptocurrency #CBDC #Bitcoin #ReserveBankofIndia #FinancialRegulation #DigitalCurrency #Economy
According to BlockBeats, the Indian government is contemplating a ban on private cryptocurrencies such as Bitcoin while actively promoting the adoption of a Central Bank Digital Currency (CBDC). This development follows consultations with several key institutions, as reported by the Hindustan Times.
India's stance on cryptocurrencies has seen multiple shifts over the years. In 2018, the Reserve Bank of India (RBI) prohibited banks from handling cryptocurrency transactions, a decision that was overturned by the Supreme Court in 2020. In November 2023, RBI Governor Shaktikanta Das highlighted the potential risks that cryptocurrencies pose to the Indian economy, advocating for CBDCs as a safer alternative.#India #Cryptocurrency #CBDC #Bitcoin #ReserveBankofIndia #FinancialRegulation #DigitalCurrency #Economy
🚀 IcomTech Co-Founder Gustavo Rodriguez Convicted Of Wire Fraud
#IcomTech #GustavoRodriguez #wirefraud #cryptocurrency #PonziScheme #DavidCarmona #NewYorkCourt #cryptocurrencynews #fraudinvestigation
According to Odaily, Gustavo Rodriguez, one of the founders of the cryptocurrency mining and trading company IcomTech, has been convicted of wire fraud. Rodriguez will have a few days to prepare his testimony and cross-examination before the sentencing in a New York court. During a hearing on October 22 at the Southern District Court of New York, Rodriguez's lawyer requested Judge Jennifer Rochon to allow an evidentiary hearing, expressing the intention to testify during the trial scheduled for March 2024. The judge stated that the court would hear testimonies from Rodriguez and a witness on October 25.
Rodriguez, along with his colleague David Brend, is one of the two founders of IcomTech. Both were implicated in the indictment against the project's founder, David Carmona. Authorities have accused IcomTech of being a cryptocurrency Ponzi scheme that defrauded users of over $8 million between 2018 and 2019. Carmona pleaded guilty to wire fraud in December 2023 and was sentenced to ten years in prison in October 2024.#IcomTech #GustavoRodriguez #wirefraud #cryptocurrency #PonziScheme #DavidCarmona #NewYorkCourt #cryptocurrencynews #fraudinvestigation
🚀 Meta Tests Facial Recognition To Combat Fake Celebrity Scam Ads
#Meta #FacialRecognition #CelebrityScams #ScamAds #CyberCrime #Privacy #BiometricData #Deepfakes #SocialMedia #UserProtection
According to Cointelegraph, Meta, a social network company with nearly 4 billion users, is testing facial recognition technology to combat fake celebrity scam ads on its platforms. Early testing with a small group of celebrities has shown promising results, and the company plans to trial the technology with 50,000 celebrities and public figures in the coming weeks.
The system compares images in the ads against the celebrity’s Facebook and Instagram profile pictures to identify scams. If a match is confirmed and the ad is determined to be a scam, it will be blocked. Celebrities such as Tesla CEO Elon Musk, American TV host Oprah Winfrey, and Australian mining billionaires Andrew Forrest and Gina Rinehart have been impersonated in scam ads in the past.
Meta’s initiative is part of a broader crackdown against “celeb-bait” scams, where cyber criminals use sophisticated methods to steal personal information or money from victims. The company stated that this scheme violates its policies and is harmful to users. Meta will soon start sending in-app notifications to many targeted celebrities, informing them of their enrollment in the protection measure, with an option to opt-out.
However, Meta must proceed with caution following a recent $1.4 billion settlement with Texas for using personal biometric data without legal authorization. The company assured that it would immediately delete facial data generated when determining whether a celebrity ad is a scam. Additionally, facial recognition technology will be used to help people verify their identity and regain access to compromised accounts.
Despite the rise in crypto scam advertisements on Facebook, Meta refuted claims from Australia’s consumer regulator that nearly 60% of crypto investment schemes seen on Facebook were scams in August. Many victims are lured into these scams via AI-generated deepfakes.#Meta #FacialRecognition #CelebrityScams #ScamAds #CyberCrime #Privacy #BiometricData #Deepfakes #SocialMedia #UserProtection
🚀 ECB Report Criticizes Bitcoin, Highlights Wealth Gap and Volatility
#ECB #Bitcoin #WealthInequality #Volatility #SpeculativeAsset #CBDC #FinancialInclusion #StoreOfValue #HedgingTool #CrossBorderRemittances #BTC
According to BlockBeats, a recent report by the European Central Bank (ECB) on October 23, 2023, suggests that Bitcoin's appreciation is exacerbating wealth inequality, benefiting early adopters at the expense of latecomers. The report highlights Bitcoin's volatility and categorizes it as a speculative asset with minimal productive economic contribution. Additionally, the paper positions central bank digital currencies (CBDCs) as a superior alternative to Bitcoin, citing their stability and financial inclusivity.
This characterization portrays Bitcoin as a potentially destabilizing force within the existing economic order. However, critics argue that the ECB's analysis misunderstands Bitcoin's development and its role in the financial system. They contend that the focus on Bitcoin's volatility overlooks its function as a store of value, similar to gold. The rising price of Bitcoin, they argue, indicates its growing recognition as a hedging tool rather than merely a speculative asset.
Freddy, the policy director at Bitcoin Policy UK, expressed regret that the authors of such papers often fail to review the latest research and developments in the field. He pointed out Bitcoin's increasing importance for activists working under oppressive regimes where other payment methods may not be available, and its role in providing cheap, fast, and secure cross-border remittances. Freddy emphasized that neglecting the latest research significantly diminishes the value of any such report.#ECB #Bitcoin #WealthInequality #Volatility #SpeculativeAsset #CBDC #FinancialInclusion #StoreOfValue #HedgingTool #CrossBorderRemittances #BTC
🚀 Neo Enhances Security of EVM-Compatible Sidechain Neo X
#Neo #Blockchain #SecurityAudit #EVM #NeoX #CrossChain #OpenSource #Mainnet #Developers #Crypto
According to Foresight News, the community-driven open-source blockchain platform Neo has recently announced a collaboration with security audit firms BlockSec, Secure3, and Red4Sec. This partnership has successfully completed a security audit of Neo's EVM-compatible sidechain, Neo X, enhancing the security of the Neo X mainnet and providing assurance to developers and users.
The audit covered various aspects of Neo X, including its nodes, the native cross-chain bridge between Neo X and Neo, and the governance contracts of Neo X. The Neo X mainnet officially launched in July 2024, and over 50 projects have already joined or are in discussions to join the ecosystem.#Neo #Blockchain #SecurityAudit #EVM #NeoX #CrossChain #OpenSource #Mainnet #Developers #Crypto
🚀 Worldcoin Distributes 5.3 Million WLD to Market Makers in a Week
#Worldcoin #WLD #marketmakers #cryptocurrency #blockchain #token_distribution #Odaily
According to Odaily, blockchain analyst Yujin has reported that Worldcoin's multi-signature wallet (0xE79...1a3) distributed 5.3 million WLD tokens (worth $12 million) to five market makers over the past week. Since April 29, this wallet has been consistently distributing WLD tokens to market makers. Over the past six months, a total of 44.9 million WLD tokens (valued at $103.27 million) have been distributed to five market makers: Wintermute, GSR, Flow Traders, Auros Global, and Amber. These WLD tokens originate from the Worldcoin Foundation's cold wallet.#Worldcoin #WLD #marketmakers #cryptocurrency #blockchain #token_distribution #Odaily
🚀 BitVM Alliance Formed to Develop First BitVM Bridge by Year-End
#BitVM #BitVMAlliance #ZKP #Fiamma #Zerosync #ElementLabs #Citrea #Strata #Blockchain #Crypto
According to Foresight News, the on-chain ZKP verification infrastructure based on BitVM2 and the Babylon ecosystem infrastructure project Fiamma have joined the BitVM Alliance. This alliance, organized by BitVM founder and core developer Robin Linus, was internally established a month ago. The alliance includes five teams: Fiamma, Zerosync, Element Labs, Citrea, and Strata (incubated by Alpen Labs). These teams are all core contributors to the BitVM code. The primary goal of the alliance is to develop the first BitVM bridge by the end of the year.#BitVM #BitVMAlliance #ZKP #Fiamma #Zerosync #ElementLabs #Citrea #Strata #Blockchain #Crypto
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🚀 Bitcoin(BTC) Drops Below 67,000 USDT with a 0.68% Decrease in 24 Hours
#Bitcoin #BTC #USDT #cryptocurrency #marketdata #trading
On Oct 23, 2024, 03:20 AM(UTC). According to Binance Market Data, Bitcoin has dropped below 67,000 USDT and is now trading at 66,984.007813 USDT, with a narrowed 0.68% decrease in 24 hours.#Bitcoin #BTC #USDT #cryptocurrency #marketdata #trading
🚀 US Lawmakers Push for Cryptocurrency Legislation by Year-End
#Cryptocurrency #Legislation #USLawmakers #Bipartisan #DigitalAssets #FIT21 #Stablecoin #WashingtonFintechWeek #MarketStructure #RegulatoryFramework
According to Odaily, an increasing number of bipartisan U.S. lawmakers are expressing hope that Congress will pass significant cryptocurrency-related legislation by the end of the year. Both Democrats and Republicans in the House and Senate are optimistic that the so-called 'lame-duck' session—from the November presidential election until the dissolution of the 118th Congress at the end of the year—can be utilized to finally legalize many areas of the cryptocurrency industry.
New York Senator Kirsten Gillibrand, speaking at Washington Fintech Week, stated, 'I think it would be great if we could complete a market structure bill during the lame-duck session.' She referred to bills like FIT21, which would create a federal framework for regulating digital assets. Gillibrand elaborated that with several pro-cryptocurrency lawmakers retiring from Congress over the Christmas period, including House Financial Services Committee Chairman Patrick McHenry and Senator Debbie Stabenow, there might be enough collective willpower in December to finally push through some cryptocurrency legislation.
'I know Chairman McHenry is leaving, and this is his top priority,' Gillibrand said. 'I hope he can work with me and Senator Cynthia Lummis, along with senior members of the House Financial Services Committee like Maxine Waters, to propose some market structure or stablecoin recommendations before this Congress ends. That would be very powerful.'
On Tuesday, House Financial Services Committee Vice Chairman, Representative French Hill, echoed similar sentiments during his speech at Washington Fintech Week. He agreed that multiple cryptocurrency legislations are likely to become law before the new year, stating, 'I remain optimistic that the regulatory framework bill FIT21 and the stablecoin bill might be considered during the lame-duck session.'#Cryptocurrency #Legislation #USLawmakers #Bipartisan #DigitalAssets #FIT21 #Stablecoin #WashingtonFintechWeek #MarketStructure #RegulatoryFramework
🚀 BNB Drops Below 590 USDT with a 1.54% Decrease in 24 Hours
#BNB #USDT #cryptocurrency #Binance #marketdata #trading #priceupdate #decrease
On Oct 23, 2024, 03:30 AM(UTC). According to Binance Market Data, BNB has dropped below 590 USDT and is now trading at 589.599976 USDT, with a narrowed 1.54% decrease in 24 hours.#BNB #USDT #cryptocurrency #Binance #marketdata #trading #priceupdate #decrease
🚀 Amber Group Receives 2000 ETH From Unknown Address
#AmberGroup #ETH #iChainfo #cryptocurrency #blockchain #unknownaddress
According to Odaily, monitoring by iChainfo has revealed that Amber Group (0xba29…f59c) received 2000 ETH, approximately valued at $5.23 million, from an unknown address (0x7746…3224).#AmberGroup #ETH #iChainfo #cryptocurrency #blockchain #unknownaddress
🚀 Opti Games Secures $2 Million Funding For Sparkball Development
#OptiGames #Sparkball #funding #investment #L1D #CMSHoldings #ImpossibleFinance #YGG #Monad #gaming #sports #event
According to Foresight News, Opti Games, the studio behind the sports fighting game Sparkball, has announced the completion of a $2 million funding round. The investment was led by L1D, with participation from CMS Holdings, Impossible Finance, YGG, Monad CEO Keone Hon, and his angel investment group Purple. Sparkball is planned to be built on the Monad chain. Opti Games is set to launch the Sparkball Season Zero event soon.#OptiGames #Sparkball #funding #investment #L1D #CMSHoldings #ImpossibleFinance #YGG #Monad #gaming #sports #event
🚀 US Spot Ethereum ETF Sees Significant Inflow
#Ethereum #ETF #BlackRock #inflow #investment
According to BlockBeats, on October 23, Farside monitoring reported a net inflow of $11.9 million into the US spot Ethereum ETF. Notably, all of this inflow was attributed to BlackRock's ETHA, which saw an influx of $11.9 million.#Ethereum #ETF #BlackRock #inflow #investment