🇬🇧 The UK Parliament introduces a bill to recognize Bitcoin as personal property.

📜 A new bill introduced in Parliament aims to provide legal protection for digital assets like Bitcoin, NFTs, by officially recognizing them as personal property under British law for the first time. 👍

👀 This will protect owners from fraud and scams, while helping resolve disputes involving digital assets, such as in divorce cases.

I’ll just leave this here without any comment. 😂

Elon Musk-Inspired Crypto Game ‘X Empire’ Launches Pre-Market Trading! 🚀

Since its July debut, X Empire has skyrocketed in popularity, amassing 18M players on Telegram. Now, it’s kicking off pre-market trading on Getgems with NFT vouchers, ahead of its full token release on September 30.

Here’s the scoop:

▪️NFT Vouchers: Players can mint and trade NFT vouchers on Getgems, using them for early speculation and airdrop claims. This is a fresh twist from the norm, as seen in Notcoin’s strategy.

▪️Game Features: X Empire lets you use your in-game coins for avatar upgrades, fake stock betting, and rock-paper-scissors-style negotiations.

▪️Royalties: A 20% royalty fee on NFT sales helps fund the $X token listing, adding liquidity to the game’s economy. 🎮💸

Vega Protocol Shuts Down Its Blockchain 🚨

Vega Protocol has voted to retire its Layer 1 blockchain due to low traction. Despite raising $60M in 2021, with $11M from funds and the rest from ICO investors, the token's value has crashed from $21 to just $0.06— a staggering 99.7% drop. 📉

Validators will keep nodes active until at least Oct. 27 for asset withdrawals.

👀 In future Vega will support Nebula, a new DEX using its tech, offering NEB tokens to VEGA holders.

Investors, remember: such dramatic shifts can happen to any project. 🤷 Stay alert!

The Blum app secured investments from Binance Labs. 💰

Blum became the first tap-to-earn project built on a Telegram mini-app to be selected for the Most Valuable Builder (MVB) incubation program and receive funding from Binance Labs. 🚀

🗣 Vitalik Buterin announced that starting next year, he will only publicly support and mention Layer 2 solutions that have become less reliant on manual control by developers.

👀 For this, 75% of the decision-making council should have the power to cancel or override the proof system, with at least 26% of the council being independent of the development team.

Buterin mentioned that teams working on ZK-rollups aim to reach this level by the end of the year. ⌛️

He sees this as the beginning of a new era, where cryptographic proofs, rather than trust in teams or individuals, will underpin the security and functionality of these solutions. 🧐

🇳🇬 Nigeria is actively freezing the bank accounts of Kucoin and Bybit users

The local regulator accusing them of manipulating the naira, as well as trading in proceeds from criminal activities and funds intended for terrorism. 🧐

Previously, the Central Bank of Nigeria accused Binance of engaging in illegal banking operations, and local authorities arrested Tigran Gambaryan, a top executive of the exchange.

🐳 The unlucky whale has a habit of buying Bitcoin at high prices and selling at lows — losing $40 million over the past three months. Now they've bought another 800 BTC. 🧐

Will luck finally be on their side this time? 🤞

Grayscale is set to launch the first U.S.-based XRP fund, with the goal of eventually converting it into a spot XRP ETF. 🚀

Investments will be available only to accredited investors who meet the requirements. 🧐

XRP's price reacted with an immediate increase. 📈

BTC price trends before and after El Salvador started buying 1 BTC daily 🇸🇻

👀 For the past 665 days, Nayib Bukele's government has been steadily purchasing Bitcoin, now holding 5,871 BTC ($342 million).

Initially, El Salvador made large, bulk purchases like most, but after getting burned by buying at market peaks, they shifted to a more cautious daily buying strategy. 🧐

It’s a more relaxed approach than stressing over market timing later. 😁

10 best blockchains by relative transaction growth over the year 📊

📈 TON nearly +2500%, NEAR almost +1000%

Wow, look how much TON has grown on the tappping games! 🤩

In the first half of 2024, stablecoins facilitated transactions totaling $2.6 trillion. 💵

Visa and Castle Island Ventures project that by the end of the year, this volume could soar to $5.28 trillion.

Stablecoins are predominantly utilized for cross-border payments, remittances, payroll, and trading, especially in emerging markets like Nigeria and Brazil.

📊 Key Stats:

▪️47% use stablecoins for savings

▪️43% for better currency conversion

▪️39% for earning yields

57% of users have increased their stablecoin use over the past year, and 72% expect this trend to continue. 🌐💸

🚨 Scam Sniffer has detected phishing ads on Google targeting Revoke Cash users (we verified that the first ads shown indeed contain phishing links). 🙀

📝 General recommendation — ignore the ads section during searches and use ad-blocking tools like Adblock.

📈 Futures for $POL and $DOGS will be listed on Coinbase International and Coinbase Advanced on September 19.

Coinbase often launches futures for meme coins without actually listing the meme coins themselves. Strange strategy... 🤔

CEX.IO Resumes UK Crypto Operations 🇬🇧

After a hiatus, CEX.IO is back in the UK following compliance with new FCA regulations.

👀 Last year, new rules on crypto asset promotions led CEX.IO to voluntarily suspend its UK services. Now, with the FCA's requirements met, including risk warnings and investor assessments, the exchange is ready to reenter the market.

🌍 Top 10 Countries for Crypto Adoption According to Chainalysis🚀

🔍 Chainalysis has released its annual ranking of countries by cryptocurrency adoption, based on the Global Crypto Adoption Index. This index is calculated by analyzing millions of crypto transactions and over 13 billion visits to major crypto service websites.

The top five countries leading the way in crypto adoption are:

1️⃣ India
2️⃣ Nigeria
3️⃣ Indonesia
4️⃣ USA
5️⃣ Vietnam

The ranking considers both major exchanges and decentralized services, evaluating the volume of funds in retail transactions. 🌐💸

📈 Standard Chartered Predicts Bitcoin Will Hit New Highs Regardless of US Elections 🇺🇸

🔍 Standard Chartered analysts forecast that Bitcoin will reach new all-time highs by the end of the year, regardless of the US election results. They estimate Bitcoin could surge to $125K if Trump wins and $75K if Harris prevails. 🧐

While US political policies do influence crypto prices, the bank believes other factors play a more significant role.

Earlier this year, they projected Bitcoin might hit $150K by December 2024 and $200K by the end of 2025, with Ethereum possibly reaching $8K and $14K, respectively. 🚀

In contrast, Bernstein's recent report suggests Bitcoin might peak if Trump wins but could drop to $30-40K if Harris wins. Stay tuned for more updates! 🌟📊

Against the backdrop of BTC rising to $60,000, the Crypto Fear and Greed Index has recovered to a neutral level of 50 for the first time in the past month. 📈

Q4 is approaching... 🕺

In August, visits to the betting platform Polymarket soared to a record-breaking 13.8 million. 🚀

By contrast, Uniswap had just 3.7 million users during the same month. 🤷

🚨SEC's Shifting Stance on Crypto Assets: What's Going On?

The SEC is stirring up confusion by claiming it never meant for "crypto asset securities" to imply that tokens themselves are securities. Despite using the term frequently, the SEC now says it refers to the full context of contracts and sales expectations, not the assets themselves. 🧐😁

👀 In its updated complaint against Binance, the SEC admits its terminology might have caused confusion and vows to stop using it.

Critics, including legal experts and industry leaders, are baffled and accuse the SEC of extreme gaslighting and contradictions. Ripple's lawyers argue that the SEC's stance is "a twisted pretzel of contradictions." 🥨

The SEC’s lawsuit against Binance continues, alleging violations of securities laws and claiming that some crypto assets are investment contracts under the Howey test. 😶‍🌫️