Ekaterina Len’s Post

𝙉𝙤𝙩𝙚 100. «𝘽𝙞𝙩𝙘𝙤𝙞𝙣 𝙃𝙖𝙡𝙫𝙞𝙣𝙜: 𝘾𝙧𝙞𝙢𝙞𝙣𝙖𝙡 𝘾𝙖𝙨𝙞𝙣𝙤» Crypto advocates so desperately promote the next Bitcoin halving scheduled in April 2024 to promise a further crazy boom in Bitcoin (BTC) prices. They apply this to artificially provoke excess public demand and agiotage of crypto-addicted people in advance. It is nothing more than regular market manipulation. As crypto proponents explain, their logic is a basic market explanation duplicated from mainstream finance: price jumps in exchange for an apparent BTC token supply decline. Although they forgot to mention a crucial discrepancy in the crypto market regarding mainstream functionality. Simply put, the crypto market is a different one. To recall, the Bitcoin blockchain operates on a Proof-of-Work (PoW) consensus mechanism where block producers (or miners) receive rewards in BTC for each block broadcasted to the ledger. Herein Bitcoin halving stands for a process of block mining rewards to be split in half around every four years (or, more precisely, each 210 000 blocks). It presumes that BTC token supply is going to decrease and, thus, spur prices following the growing demand. Well, in mainstream finance this explanation has solid ground but not in the crypto space. The trick in crypto hides in unlimited bridge wrappings that substitute extra token supply. Should be multiplied by multi-level token collateralization in decentralized finance (DeFi) and intra-layer asset tokenization, the token supply could be galvanized indefinitely. At least, until the crypto market painfully collapses. Crypto assets have already disrupted international financial compliance while accomplicing the most outrageous crimes against humankind (human trafficking, drug trafficking, terrorism, child sex abuse, and war crimes). In this row, Bitcoin halving is a vicious phenomenon criminal casino.

❗️ News Review of the Week 🔹 Kraken exchange plans to launch its own blockchain next year • The network will be called Ink. A test version of the network will be launched as early as this year, and the main network will be launched in the first quarter of 2025. By the time of launch, Ink will support more than 10 major applications - decentralised platforms and liquidity aggregators. 🔹 The head of the Central Bank of Russia announced the first international settlements in cryptocurrency by the end of 2024 • Elvira Nabiullina told journalists: We continue to expect that the first transactions will take place before the end of this year. There is interest of the participants. According to her, the EPR may last for three years, after which it will be decided whether it is necessary to make changes to the general regulation. 🔹 Europe will tighten taxation of cryptocurrencies • Denmark will introduce a new tax, while Italy will raise the current rate. Italy plans to raise the current capital gains tax rate for cryptocurrencies from 26% to 42%. In Denmark, the Tax Law Council has recommended that the government tax unrealised gains from cryptocurrencies. That is, taxation of investment income from cryptocurrencies will occur regardless of whether crypto-assets were sold. Experts concede that the rate could also be 42 per cent. 🔹 Avalanche Foundation has introduced its own Visa cryptocurrency card • A physical and virtual card is available. The website says that after registration, the user is given a new non-custodial wallet and a unique address for each asset.

Latest crypto news Strike founder Jack Mallers believes that the Fed's liquidity injection will devalue dollar savings, so investors should take a closer look at Bitcoin. According to the entrepreneur, if the regulator's policy is relaxed, the price of gold and BTC will increase sharply. “The Fed has begun cutting rates. What does that mean? Financial authorities have decided who is paying for their mistakes: those holding US dollars. However, this time is different: we built an open source life raft. Get out of dollars. Bitcoin is the exit door for everyone,” Mallers said. A new HBO documentary should shed light on who Satoshi Nakamoto really is. The release is expected next Wednesday. The film's director, Cullen Hoback, noted that BTC is mainstream, and Nakamoto owns a "giant share" of the main cryptocurrency. According to preliminary estimates, we are talking about 1.1 million bitcoins, which are valued at about $67 billion. Crypto ISAC is confident that it is not crypto assets, but cash that is the main tool used to commit crimes.  Crypto ISAC experts said that regulated and law-abiding crypto platforms work hand in hand with law enforcement agencies, like any traditional financial company. They added that blockchain technology is an asset that helps eradicate malfeasance and ensure security. Ethereum is the most innovative network, according to former BitMEX CEO Arthur Hayes. In his opinion, other blockchains often copy the innovations presented in ETH. For a project to bypass Ethereum, developers must come up with an original solution outside of the Ethereum blockchain.

Binance's Bold Move: $1 Billion Shift from BUSD to BTC, ETH, and BNB Amid Regulatory Storms Binance, the world's largest cryptocurrency exchange, has made a strategic decision to shift $1 billion from its Binance USD (BUSD) reserves into Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB). This move comes amid significant regulatory pressures globally, particularly in the U.S. and Europe. Regulatory Challenges Binance has faced mounting regulatory scrutiny over its compliance with anti-money laundering (AML) laws and other financial regulations. In the U.S., it has been hit with unprecedented penalties totaling $4.3 billion for AML violations, marking a new era in regulatory enforcement. European regulators have also imposed stringent restrictions, leading to Binance suspending operations in several countries Strategic Asset Reallocation The decision to convert BUSD into BTC, ETH, and BNB is seen as a maneuver to strengthen its asset portfolio amidst these challenges. Bitcoin and Ethereum are regarded as more stable assets within the volatile crypto market, while BNB remains integral to Binance's ecosystem. This shift reflects Binance's strategy to adapt to regulatory pressures while maintaining liquidity and market presence. Implications for the Cryptocurrency Market This bold move underscores Binance's resilience and adaptability in navigating regulatory storms. It highlights a broader trend of centralized exchanges seeking compliance while exploring decentralized finance (DeFi) opportunities3. As Binance recalibrates its strategies, the crypto market watches closely, anticipating potential shifts in market dynamics and regulatory landscapes.

𝐔𝐊 𝐭𝐨 𝐂𝐨𝐧𝐬𝐢𝐝𝐞𝐫 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐨𝐫𝐲 𝐅𝐫𝐚𝐦𝐞𝐰𝐨𝐫𝐤 𝐟𝐨𝐫 𝐂𝐫𝐲𝐩𝐭𝐨 𝐒𝐞𝐜𝐭𝐨𝐫 𝐢𝐧 𝟐𝟎𝟐𝟓 The UK is set to evaluate a comprehensive regulatory framework for the cryptocurrency sector in early 2025, as they prepares to draft rules covering stablecoins, staking services, and more. 𝐊𝐞𝐲 𝐏𝐨𝐢𝐧𝐭𝐬 : o  The framework will encompass stablecoins and staking services, removing existing legal uncertainties around these sectors. o  The UK aims to implement the regulations in a single phase, making the process more streamlined and easier to navigate. o  The UK’s efforts come as it faces competition from the EU’s Markets in Crypto-Assets (MiCA) regulation and the US, where cryptocurrency businesses are being courted by the new administration. o  The lack of clear regulations has been a significant barrier to mainstream adoption and growth in the crypto and blockchain space. This new framework is designed to provide the clarity needed to support long-term growth. 𝐖𝐡𝐲 𝐈𝐭 𝐌𝐚𝐭𝐭𝐞𝐫𝐬: Regulatory certainty will reduce legal ambiguities for crypto businesses operating in the UK, providing clearer compliance guidelines for both startups and established players. By differentiating stablecoins from traditional payment services, the framework helps avoid regulatory overlap and provides more tailored oversight. The new rules will offer legal stability to crypto companies, encouraging investment, innovation, and more startups to emerge in the UK. With stricter regulatory frameworks, the UK is setting the stage for responsible innovation in the crypto sector, promoting transparency, accountability, and trust. As the EU and US take strides in crypto regulation, the UK’s proactive approach could help it remain competitive, attracting more global crypto talent and investment. A clear regulatory environment will build trust in the crypto space, facilitating smoother cross-border transactions and partnerships. #Cryptocurrency #CryptoRegulation #Stablecoins #Staking #UKCrypto #Blockchain #LegalFramework #ESG #TechRegulation #FinTech #DigitalAssets https://lnkd.in/dKUE7Snk Disclaimer: The Content in this post is for informational purposes only derived from references and does not constitute any professional advice. We do not claim ownership of any data or Information referenced.

Hi. Here's a news digest. ⚡ The Russian government has approved taxation for cryptocurrency transactions Miners should take into account the new tax obligations when planning profits and withdrawals. This will help avoid legal problems and improve financial efficiency. ⚡ Britain has created an AI grandmother to fight phone scammers Artificial intelligence developed in Britain mimics a conversation with elderly people to apprehend phone scammers. ⚡ A trader lost $25.8 million due to an address error A cryptocurrency trader accidentally transferred $25.8 million to the wrong address, resulting in an irrecoverable loss of funds. This incident highlights the importance of carefully checking details before sending large sums of money. ⚡ Most institutional investors plan to increase investments in cryptocurrencies The influx of institutional money is boosting cryptocurrency rates, making mining more profitable. ⚡ The body of a missing cryptoblogger is found in a Montreal park The body of well-known cryptoblogger Benedict Arthur was found in a Montreal park a few days after his disappearance. Police speculate that his activities in the cryptocurrency industry may have been the cause of the crime. ⚡ Bitcoin's correlation with gold has fallen to its lowest in 11 months The correlation between bitcoin and gold has reached a level of -0.36, indicating an opposite movement in the prices of these assets. This is a signal to miners that bitcoin is becoming less dependent on traditional assets, strengthening its value in the market. ⚡ Chinese tech giant Nano Labs has started accepting bitcoins as payment Nano Labs, a major technology company in China, has started accepting bitcoins as payment for its goods and services. This is a step towards widespread adoption of cryptocurrencies in business. See you next week! 

Happy monday Offchainers!    Let's start the week together with 4 major Crypto headlines from the weekend! Bitcoin price surge: Bitcoin saw a notable price surge, reaching over $64K, following news related to an assassination attempt on former U.S. President Donald Trump. Historically, Bitcoin has acted as a safe haven during periods of political instability, and this event spurred investor interest, driving up its price and trading volume in the market. Uniswap Labs Launches Unichain: Uniswap, one of the largest decentralized exchanges (DEX), has launched its V5 upgrade, marking a significant milestone in decentralized finance (DeFi). The upgrade focuses on improving liquidity efficiency and user experience, particularly for liquidity providers. World Liberty Financial's Token Sale: World Liberty Financial, a company closely linked to former U.S. President Donald Trump, is set to launch its token sale next week. The token sale, which has garnered significant attention, is expected to raise substantial funds. There’s considerable speculation regarding how this token could influence both the political and financial landscapes. FBI's NexFundAI Token: The FBI recently introduced NexFundAI, a cryptocurrency aimed at combating fraud and money laundering. NexFundAI integrates advanced tracking algorithms powered by artificial intelligence to trace and prevent illicit activities in real-time. The FBI has outlined specific mechanisms to target common blockchain crimes such as money laundering and fraud. NexFundAI will be linked to global financial institutions to help monitor the movement of assets across borders, offering law enforcement agencies better tools for identifying suspicious activity. Stay informed and join the conversation! Share your thoughts with us at OffChain Luxembourg a.s.b.l. and don’t forget to follow for more updates. Let’s keep building the future of blockchain together! 🚀 The Luxembourg House of Web3 Wesley Deglise Anthony Mansour, CIA George Best Wilson Filipe De Sousa Gomes Daniel R. Harry Harry Lars Ghillemyn Tomas Marty

Binance’s Altcoin Listing Policy Undergoing Significant Changes According to Bloomberg, the cryptocurrency exchange Binance will now start adhering to different listing policies. Binance is said to have tightened its token listing process in an effort to enhance investor protection. This move comes as regulatory authorities around the world continue to oversee the operations of cryptocurrency exchanges. According to anonymous sources, cryptocurrency projects looking to list their tokens on Binance now have to adhere to stricter rules. This includes agreeing to a longer “difficult period” during which no tokens can be sold, allocating more tokens to market makers, and providing a security deposit. These changes have been in effect since the end of last year. Despite the stricter regulations, Binance’s market share has begun to recover after a year-long decline. However, some executives involved in listing on Binance have expressed concerns that the new requirements may reduce profits and make listing new tokens more burdensome. An administrator is said to have forwarded their complaint to Binance’s management board. Cryptocurrency exchanges have long faced criticism for loose oversight of listings. Bader Al Kalooti, head of Binance in the Middle East, Africa, South Asia, and Turkey, acknowledged in a February interview that “listing tokens is a double-edged sword.” He emphasized that having more tokens can drive user growth, but Binance currently prioritizes user safety and security over growth. In the “difficult period” Binance requires, a certain percentage of the total supply will be locked in a “smart contract.” Binance now requires projects to accept a “difficult period” of at least one year, up from a maximum of six months. In some cases, the exchange also requires a significant amount of tokens to be reserved for market makers to ensure sufficient liquidity. Binance also confirmed that some projects are required to make a deposit before listing their tokens. These deposits, often worth millions of dollars, may be held by Binance if a company fails to meet listing requirements. The exchange stated that these deposits are a preventive measure to handle extreme situations and primarily protect the interests of investors. The post Binance’s Altcoin Listing Policy Undergoing Significant Changes appeared first on xe.today.

EDWARD SNOWDEN: BITCOIN "MOST SIGNIFICANT MONETARY ADVANCE SINCE THE CREATION OF COINAGE" Decrypt: The whistleblower called his view of Bitcoin "unpopular but true" in a tweet referencing the cryptocurrency's creator Satoshi Nakamoto. Edward Snowden has weighed in on the subject of Bitcoin, calling the cryptocurrency, "the most significant monetary advance since the creation of coinage." The whistleblower turned international fugitive described his opinion as "unpopular but true" in a post on Twitter. Referencing a quote by Bitcoin's pseudonymous creator Satoshi Nakamoto, Snowden added, "If you don't believe me or don't get it, I don't have time to try to convince you, sorry." Snowden is a long-term user of Bitcoin. He's previously explained that in 2013, he pseudonymously used BTC to pay for the servers used to host the materials he leaked to journalists. In 2013, Snowden was charged with espionage by the U.S. government after leaking documents about the NSA's surveillance program to the press. Before he could be arrested, he fled to Russia, seeking asylum. He lives there now in exile. Last year, in a virtual appearance at the Bitcoin Amsterdam conference, he argued that Bitcoin should be considered in terms of its use as a tool to reshape the world of finance, rather than focusing on its value. "We are all part of a much bigger game, and Bitcoin is one of our strongest levers in that," he said. "The systems that we are influencing, that we are exerting leverage on, payments and finance, will shape what the world of tomorrow looks like." Snowden has also criticized central bank digital currencies (CBDCs), calling them "cryptofascist" currencies that "deny you the basic ownership of your money." But CBDC opposition has made for strange bedfellows. He's joined by former president Donald Trump, House Majority Whip Tom Emmer, and Florida Gov. Ron DeSantis. Going hand-in-hand with his distaste for CBDCs, Snowden has also supported crypto privacy projects. In fact, he had a hand in the creation of privacy coin Zcash. And earlier this year he endorsed the legal defense fund of Tornado Cash co-founder Roman Storm, who faces money laundering charges relating to the sanctioned coin mixing service. https://lnkd.in/gbGhudrH #ai #metaverse #fashion #ar #investment #btc #crypto

AED Stablecoin has received a provisional license from the UAE Central Bank The UAE has taken a significant step in the development of the cryptocurrency industry⁚ AED Stablecoin has received a provisional license from the Central Bank of the UAE (CBUAE) to issue its own AE Coin stablecoin. This marks the beginning of a new era for cryptocurrencies in the country and makes the UAE one of the first states to actively regulate and support the issuance of stablecoins. The CBUAE's decision to issue a provisional license to AED Stablecoin was made at its June 3, 2024 Board of Directors meeting. Under the new regulation, CBUAE will oversee the issuance and use of stablecoins pegged to the UAE dirham (AED). What does this mean for the UAE? -- Financial Infrastructure Development⁚ The issuance of the AED Stablecoin license is part of CBUAE's Financial Infrastructure Transformation (FIT) program, which aims to create a more modern and innovative financial system in the UAE. -- Strengthening the UAE's position as a regional and global hub for cryptocurrencies⁚ The UAE aims to become a leading hub for the cryptocurrency industry, and the issuance of the AED Stablecoin license is an important step in this direction. -- Creating a safe and regulated environment for cryptocurrencies⁚ CBUAE aims to create a safe and regulated environment for cryptocurrencies to protect investors and prevent fraud. What does this mean for AECoin? -- Access to new markets⁚ Obtaining a provisional license gives AECoin access to new markets and allows it to expand its operations in the UAE and beyond. -- Increased credibility⁚ The license from CBUAE increases the credibility of AECoin, which can attract more investors and users. -- Opportunity to become a local trading pair for cryptocurrencies⁚ If fully approved, AE Coin could become a local trading pair for cryptocurrencies on exchanges and decentralized platforms in the UAE. What's next. AED Stablecoin must now go through a full licensing process, which includes CBUAE compliance verification. Once fully licensed, AE Coin will be able to officially start operating in the UAE. The development of the cryptocurrency industry in the UAE is well underway. The issuance of the license to AED Stablecoin is a prime example of how the country is striving to become a leader in cryptocurrencies and blockchain. This event could be a catalyst for further growth of the cryptocurrency industry in the UAE and the region as a whole.