Jesse Powell

💰🔒 Luna Foundation Guard (LFG) transfers $95 million worth of AVAX and BNB tokens to new address for security, as part of asset transfer plan; LFG, under scrutiny for Terra-Luna collapse in 2022, plans to strengthen fund security by moving assets to self-custodial solution, holding $161 million worth of cryptocurrency post-transfer, reports CryptoSlate citing ARKM data. #Bitcoinworld

🔄🔗 Origin Protocol (OGN) successfully passes proposal to merge OGN and OriginDefi Governance (OGV) tokens, enabling OGN holders to share in OETH and OUSD protocol profits; upcoming vote to allow OGV holders to convert holdings to OGN under new tokenomics governance agenda. #Bitcoinworld 📊💼

📜🔗 Cointelegraph reports that the Crypto Market Integrity Coalition (CMIC) has sent a letter to U.S. President Joe Biden and Vice President Kamala Harris, urging the implementation of a clear regulatory framework for cryptocurrencies. Members of CMIC include Robinhood, BitGo, OKX, Gemini, Chainalysis, Elliptic, TRM, Kaiko, and Matrixport. CMIC highlighted that while enforcement actions by the SEC have addressed some market manipulation, money laundering, and fraud, regulatory clarity remains insufficient. They advocate for the implementation of the Financial Innovation and Technology for the 21st Century Act (FIT21) and the Digital Commodities Consumer Protection Act (DCA) to establish clear regulations. FIT21 aims to define blockchain and cryptocurrency and establish a regulatory framework, while the DCA would transfer jurisdiction over the cryptocurrency spot market from the SEC to the U.S. Commodity Futures Trading Commission (CFTC). #BitcoinWorld 🌐📈

Avalanche Foundation launches $50M initiative, "Avalanche Vista," to pioneer asset tokenization. The program aims to demonstrate the value of tokenization, making financial systems more accessible, efficient, and cost-effective. Asset tokenization facilitates on-chain digital representation of assets, improving processes like issuance, settlement, and administration. #Avalanche #AssetTokenization #FinancialInnovation #OnFi #Blockchain #DigitalAssets #TokenizedSecurities

⚠️ BBB Warns on Crypto Investment Scams 🚨 The BBB reports a significant surge in crypto investment scams, with consumers losing billions in 2023. Many scams originate on social media. Stay vigilant! #CryptoScams #InvestmentFraud #BBBReports 🔴 This post highlights a negative trend in the market, reducing consumer confidence in crypto investments. Forecast: Increased scrutiny and potential regulatory measures in the crypto market. https://lnkd.in/dqEKFr4c

🌟 Crypto Spotlight: Litecoin (LTC) 🌟 With over a decade of history since its launch in October 2011, Litecoin continues to be a powerhouse in the crypto space! 💪 From an all-time high of $412.96 to a current value of $64.92, LTC has a strong presence with a circulating supply of 75 million coins. 🚀 Looking to dive deeper into Litecoin and its potential? Visit MyCoinChange to start trading and learn more about this versatile cryptocurrency! 🌐 #Litecoin #LTC #CryptoSpotlight #Altcoins #Cryptocurrency #CryptoTrading #DeFi #LitecoinCommunity #CryptoJourney #Blockchain

🌐🤝 The ICON (ICX) Foundation announced that it now supports the Cosmos-based Layer 1 Blockchain Injective (INJ). As a result, INJ lending services are available on Balanced, ICON's cross-chain decentralized exchange and lending platform. This collaboration enhances cross-chain interoperability and expands lending options for users. 🚀💼 #BitcoinWorld #BlockchainIntegration

Such a great use of #Blockchain technology. This will not only smoothen the title (registration) transfer process but also detect frauds.

📜🔐 According to CoinDesk, Promethium, a digital asset platform registered with the Securities and Exchange Commission (SEC), is preparing to launch an Ethereum (ETH) custody service in September. The platform is also planning to extend its custody services to include Uniswap (UNI) and Arbitrum (ARB), deeming them as securities in line with the SEC’s stance that most cryptocurrencies should be classified as securities. This move aims to ensure compliance with regulatory guidelines as the platform expands its offerings. 🌐💼 #BitcoinWorld #CryptoRegulation #Ethereum