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Showing posts from January, 2024

Hong Kong’s Privacy Protection Agency Launches Investigation Into Worldcoin

The Office of the Privacy Commissioner for Personal Data (PCPD) in Hong Kong has investigated Worldcoin. The PCPD entered six Worldcoin offices in Hong Kong on Wednesday following a court warrant. According to reports, the investigation aims to protect the public regarding personal data privacy. The Office of the Privacy Commissioner for Personal Data (PCPD) in Hong Kong has investigated Worldcoin. According to local reports, the government agency entered six Worldcoin offices in Yau Ma Tei, Kwun Tong, Wan Chai, Cyberport, Central, and Causeway Bay today, January 31, to conduct investigations.  After their visits, the agency declared that Worldcoin’s operation in Hong Kong posed significant personal data privacy risks. The commission believes collecting and processing sensitive personal data by the organization may violate the provisions of the Privacy Ordinance. Following the declaration, the PCPD has proactively initiated an investigation into Wor...

Andromeda launches Web3 OS, paving the way for multichain future

On January 31, Andromeda unveiled its Web3-native operating system, the Andromeda Operating System (aOS). The aOS is designed to facilitate the swift development and expansion of Web3, offering a comprehensive set of tools for creators and developers to construct decentralized applications and services, per the information shared with Finbold. Utilizing an intuitive, browser-based interface, the aOS is currently in the testnet phase, with plans for a mainnet release by the end of Q1 2024. The introduction of aOS by Andromeda is positioned to simplify the Web3 experience for users, facilitating the accelerated development of advanced multichain applications for developers. The comprehensive platform enables the swift creation of dApps within minutes, leveraging the aOS File System to provide immediate access and streamlined management of multiple Web3 assets. aOS is Web3’s first OS Cryptocurrency Ethereum and Polkadot wallet launches a multisig workflow solution ...

Famed author of ‘Rich Dad Poor Dad’ touts Bitcoin as hedge against financial erosion

Robert Kiyosaki, the author famed for Rich Dad Poor Dad, is making headlines with his staunch advocacy for Bitcoin (BTC), positioning it as a primary defense against what he views as systematic wealth erosion by institutions like the Federal Reserve, Treasury, and Wall Street bankers.  Kiyosaki’s investment strategy now strongly favors Bitcoin over traditional assets like stocks, bonds, and fiat currencies, given its decentralized and inflation-resistant characteristics. Why I own Bitcoin. Bitcoin is protection against the theft of our wealth via our money. Fed Chairman Powell, Treasury Secretary Yellin, and Wall Street bankers steal our wealth via our money, specifically via inflation, taxation, & stock price manipulation. That is why I save… — Robert Kiyosaki (@theRealKiyosaki) January 31, 2024 Applauding Bitcoin’s role as a more secure asset, Kiyosaki sharply criticized Federal Reserve Chairman Jerome Powell, Treasury Secretary Janet Yellen, and Wall Str...

Spot Ethereum ETFs approval likely on May 23: Standard Chartered

Standard Chartered Bank says the SEC could approve spot Ethereum ETFs on May 23, the final deadline for applications currently before the regulator. Ethereum price could surge to over $4,000 by then, the bank said in a report. The US Securities and Exchange Commission (SEC) is likely to give a nod to the first spot Ethereum ETF in May, the Standard Chartered Bank said in a report on Tuesday. In particular, the bank’s analysts see the regulator approving the ETH spot ETFs on May 23. According to the bank’s note shared with clients and reported on by The Block , the May date is the final deadline for applications before the SEC. “We expect pending applications for ETH U.S. spot ETF s to be approved on May 23, the final deadline for the first of the ETF s under consideration — the equivalent date to Jan. 10 for BTC ETF s,” Geoffrey Kendrick, Head of Forex and Digital Assets Research at Standard Chartered Bank, said. ETH price cou...

KuCoin Embraces Security-Focused De.Fi Project, Lists DEFI for Trading

KuCoin proclaims support for SocialFi and antivirus project De.Fi (DEFI). DEFI tokens can now be deposited on KuCoin, with trading commencing on January 31. De.Fi stands as the pinnacle of Web3 SocialFi and Antivirus solutions. One of the world’s top 5 centralized cryptocurrency exchanges, KuCoin, has disclosed the listing of De.Fi (DEFI), a Web3 project focused on SocialFi and antivirus. KuCoin made the announcement on its official X handle, saying it would enable the trade of DEFI on its spot trading platform. World Premiere New Listing@DeFi $DEFI Gets Listed on #KuCoin! Pair: DEFI/USDT Deposit: now open (network: ERC20) Trading: January 31, 2024 — KuCoin (@kucoincom) January 26, 2024 According to the blog post, KuCoin has shown full-blown support for the project by kickstarting an immediate deposit process for DEFI. With this, users can send their tokens to the platform via the supported Ethereum Network, ERC20. Meanwhile, trading act...

Most Trending Crypto Coins on Uniswap – Marlin POND, UniBot, ShapeShift FOX 

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In a remarkable turn of events in the crypto space, Uniswap witnessed a price surge in several tokens listed on the platform today. Among the three trending tokens we spotlighted, Marlin POND emerged as the most trending crypto coin on the platform today. This article takes a deep dive into the details of these projects. Marlin POND’s token price is currently surging, positioning the token as one of the most trending tokens on Uniswap. POND, in particular, is seeing an uptick in trading activity, with the cryptocurrency currently trading around $0.017 – up by 6% today. This spotlight on POND and its rising price signals the cryptocurrency’s potential growing relevance on Uniswap. Other tokens are also showing impressive momentum. Unibot jumped over 26% yesterday to $64, propelling the UNIBOT token to new market presence and price highs. Most Trending Crypto Coins on Uniswap Meanwhile, eTukTuk has rapidly risen to prominence within the cryptocurrency market, attract...

Sui Crypto Price Prediction – $SUI Bullish Trend in the Growing DeFi Ecosystem

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$SUI surged over 90% in 30 days, reflecting its rapid growth in developer and user adoption, showcasing increased activity and market interest. Sui functions on a smart contract platform managed by an open group of validators, enhancing the network’s security. The native token, $SUI, facilitates gas fee payments and supports staking in a Delegated Proof-of-Stake model, allowing users to actively engage in consensus and potentially earn rewards. A standout feature of Sui is its capability to achieve parallel consensus on independent transactions, resulting in improved scalability. The positive momentum positions Sui as a notable player in the Layer 1 blockchain and smart contract platform, with investors closely watching its continued advancements and adoption trends. This article delves into the future trajectory of Sui’s price and the factors driving its surge. For a more comprehensive Analysis , check the video below, and subscribe to Jacob Crypto Bury’s YouTube c...

This altcoin could soon double in value

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Despite facing challenges over the past year, Polygon (MATIC) showcases the potential to turn the tides and embark on the road of gains.  The established support levels on higher time frames have demonstrated resilience, and liquidity has been successfully acquired. Anticipating a potential upward movement, it is noteworthy that MATIC has exhibited a relative underperformance. The forthcoming rally is projected to target the range of $1.25 to $1.50, according to a post on X from cryptocurrency expert Michael van de Poppe on January 28. “I’m expecting another upwards push, although $MATIC has also been underperforming. Next rally could be to $1.25-1.50 region.” Support and resistance points for MATIC. Source: Michael van de Poppe Fundamental and technical indicators  Cryptocurrency Over $4 billion flows into Solana in a week; Can SOL reach $200? Cryptocurrency Bitcoin to target this price range after the 2024 BTC halving event ...

MakerDAO’s Founder Dumps $4.54 Million MKR: Should You Buy the Dip?

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MakerDAO founder sold 2,235 MRK tokens valued at $4.54 million. Bulls’ attempt to flip the $2,079 resistance could be rejected by sellers. The RSI formed a positive divergence, indicating a potential to run past $2,147. According to Spot On Chain, a wallet linked to MakerDAO’s founder Rune Christensen has sold $2,235 MKR tokens in the last two days. Christensen liquidated the tokens at an average price of $2,023, meaning that the total sale was worth $4.54 million.  The post also mentioned that the said wallet still owns 2,430 MKR. It also mentioned that the price of the token has decreased by 3.39% since the first sale. Wallet 0xa58 (linked to @RuneKek, #MakerDAO cofounder) has sold 2,235 $MKR for 4.542M $DAI at $2,032 on average in the past 2 days. Currently, the wallet still holds 2,430 $MKR ($4.92M), and may keep selling. The $MKR price has been down ~3.39% (2D), since the first sale. Want… pic.twitter.com/iW2A0pMLHx — Spot On Chain (@spotonchai...

‘CBDC is a threat to liberty,’ says former GOP candidate Vivek Ramaswamy

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Vivek Ramaswamy, an ally of former President Donald Trump and one-time Republican presidential candidate , labeled the prospective digital dollar — Central Bank Digital Currency (CBDC) — as a threat to individual liberty . Ramaswamy and Trump’s Stand Ramaswamy, who earlier this month suspended his 2024 Presidential campaign and endorsed Trump, shared his apprehensions about CBDC in an interview with Bloomberg. See below. Beyond his stance on CBDCs, Ramaswamy favors a substantial reduction in the scope and size of federal agencies such as the U.S. Securities and Exchange Commission (SEC). Ramaswamy’s advocacy extends to the crypto sphere, as seen in his December criticism of Gary Gensler, SEC Chairman, for what he perceives as ineffective crypto regulations. In contrast to the narrative linking Bitcoin and digital assets to criminal activities, Ramaswamy asserts that Bitcoin provides an alternative to America’s “broken financial architecture.” He argues...

BRICS & Bitcoin Predicted to Hinder the US Dollar in 2024

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Amid a greater global shift away from the world’s most prominent currency, both BRICS and Bitcoin have been predicted to greatly hinder the US dollar in 2024. Specifically, prominent financial services firm, Morgan Stanley, expects both the alliance and the digital currency to contribute greatly to the dollar’s diminished status this year. Andrew Peel, the Executive Director and head of digital asset markets at Morgan Stanley spoke on the potential threats the greenback could face this year. Among those, he highlighted both digital asset markets and inter-governmental organizations. Subsequently, both Bitcoin and BRICS represent the most significant dollar threat on a global scale. Source: NDB Also Read: Comparing BRICS GDP vs G7 Countries Morgan Stanley Predicts Bitcoin and BRICS to Lead De-Dollarization in 2024 Throughout the past year, the rise of BRICS has been a leading geopolitical development. Indeed, the bloc has found itself expanded since the start o...

Developer jailed for aiding Trickbot ransomware behind $800M crypto theft

A Russia n national involved in the development of ransomware Trickbot , used to attack hospitals and steal over $833 million in crypto , has been sentenced to over five years in prison, the Department of Justice (DoJ) said on Thursday. Forty-year-old Vladimir Dunaev pleaded guilty to developing and deploying Trickbot together with co-conspirators until it was taken down in 2022. Hospitals, schools, and businesses were among the “millions” of victims targeted by the ransomware group, the DoJ wrote in a statement. Trickbot is a suite of tools that can be used to infect computers with ransomware, allowing criminals to collect victim credentials and steal their funds.   Dunaev helped develop software for Trickbot that stole data from infected computers. His work improved the ransomware ’s ability to hide from anti-virus software and refined the process for bad actors to access it remotely .  Estonia to extradite duo accused of $600M crypto fraud to US Read m...

SEC delays Grayscale spot Ethereum ETF to May

The U.S. Securities and Exchange Commission (SEC) has again delayed issuing a decision on Grayscale’s application to launch a spot Ethereum (ETH) ETF. According to a message on the regulator’s website, the Commission requested public comments on how the regulator should handle Grayscale’s application. The SEC is interested in whether the ETH algorithm – Proof-of-Stake (PoS) and the concentration of a large volume of Ethereum in the hands of several individuals could make the fund vulnerable to fraud and manipulation. The next application deadline is in May. The company first applied to launch a spot Ethereum ETF in October 2023. The SEC published its first decision on the application on Dec. 5, 2023. The deadline was January 25, 2024. In addition to the application for a spot Ethereum ETF from Grayscale, the Commission previously extended the consideration of applications from Fidelity and BlackRock. The new deadline for the other two applications will be in ...

Could the Sponge V2 Relaunch Hold a High Upside Potential?

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Fueled by promises of utility, gaming integration, and strategic timing, Sponge V1, which surged in popularity during the bear market of 2023, is making a comeback. Now, with its relaunch as Sponge V2, the project aims to shed its meme-coin label and carve a durable niche in the cryptocurrency landscape. Sponge V2: A second chance with play-to-earn and enhanced utility Sponge V1 made its debut during a market downturn. Despite the unfavorable market conditions, Sponge V1 gained traction due to its combination of meme appeal and the strong marketing power of tokenomics. This led to an impressive near-$100 million market cap and substantial gains for early investors. Now, Sponge V2 is set to launch at the beginning of a new bull market, leaving the door open for potential growth. Its promised new Features and opportunities are gaining attention as it gears up for a re launch . Sponge V2 represents a significant evolution and migration from Sponge V1 to Sponge V2. Therefore, for t...

Manta Network Price Prediction: MANTA Pumps 30%, But Analysts Say This Booming ICO Might Be The Best Crypto To Buy Now

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The Manta Network price surged 30% in the last 24 hours to trade for $3.0760 as of 3:30 a.m. EST time on trading volume that soared 101%. With this sharp rise, the MANTA token has merited a position on Coingape’s trending list alongside HONK, Bitcoin (BTC), Solana (SOL), SatoshiVM (SAVM), and MYRO. 👀🚀Here are the top trending coins that are making some noise‼️#MANTA #HONK #BTC #Solana 🛎️Follow @CoinGapeMedia pic.twitter.com/FZfhFPtdqM — Crypto News (CoinGape) (@CoinGapeMedia) January 25, 2024 It is also on the BiKingex list of hot tokens, alongside SOL, Sui, and Celestia (TIA). These tokens are currently highly regarded assets, poised to lead the upcoming leaderboard. Top 5 Hot Tokens on #BiKingex🐅 Hot tokens represent market trends.🔥 They are currently highly regarded assets,💰poised to lead the upcoming leaderboard🥇#MANTA #BTC #SOL #SUI #TIA Check out the poster below to explore these tok...