🚀 Osprey Funds Aims To Convert Bitcoin Trust Into ETF
#OspreyFunds #BitcoinTrust #ETF #OBTC #Bitwise #SEC #cryptocurrency #investment #BTC
According to Odaily, following the termination of the acquisition deal with Bitwise, investment management firm Osprey Funds is now seeking to convert its Osprey Bitcoin Trust (OBTC) into an ETF. In a statement released on January 14, the company announced plans to "promptly" file an S-1 form with a registration statement to the U.S. Securities and Exchange Commission (SEC). The OBTC currently tracks the price of Bitcoin without holding the actual asset and has assets under management (AUM) totaling $181 million.#OspreyFunds #BitcoinTrust #ETF #OBTC #Bitwise #SEC #cryptocurrency #investment #BTC
🚀 Sotheby's Auctions NBA Top Shot NFTs As Part Of Memorabilia Sale
#Sothebys #NBA #TopShot #NFT #Memorabilia #Basketball #DigitalCollectibles #Auction
According to Odaily, Sotheby's auction house has announced the sale of eight NBA Top Shot NFTs as part of its broader NBA memorabilia auction. Each NFT is valued between $500 and $3,000, with the bidding set to close on January 21. The auction features digital collectibles of notable basketball players, including Jalen Wells, Bob Carrington, Pacome Dadiet, and Keyshawn George. Each item showcases highlights from the respective player's debut NBA game.#Sothebys #NBA #TopShot #NFT #Memorabilia #Basketball #DigitalCollectibles #Auction
🚀 SoSoValue Warns Of Fraudulent Token On BSC Chain
#SoSoValue #FraudulentToken #BSCChain #CryptoScam #AssetProtection #RiskAwareness #FundingRound #SeriesA #CryptoResearch
According to Odaily, AI-driven crypto research platform SoSoValue recently issued a warning on X about a fraudulent token impersonating their brand. The token, named SoSoValue ($SOSO), has been deployed on the BSC chain. SoSoValue clarified that they have not released any official platform tokens, and any tokens claiming to represent SoSoValue are scams. The platform urged users to protect their assets and avoid interacting with such tokens, emphasizing the importance of vigilance and risk awareness.
In previous developments, SoSoValue announced the completion of a $15 million Series A funding round. Investors in this round included HongShan, Small Sparks, Mirana Ventures, and Safepal. Prior to this, SoSoValue secured $4.15 million in a seed funding round in mid-2024, bringing the total funding for the project close to $20 million.#SoSoValue #FraudulentToken #BSCChain #CryptoScam #AssetProtection #RiskAwareness #FundingRound #SeriesA #CryptoResearch
🚀 Crypto Whale Acquires 101 Billion PEPE Tokens in Fifth Transaction
#Crypto #Whale #PEPE #Tokens #Transaction #Onchain #PANews #USDC
According to PANews, a significant cryptocurrency transaction was observed by Onchain Lens, where a crypto whale purchased 101 billion PEPE tokens for $1.79 million USDC. This marks the fifth transaction involving PEPE for the whale, who has previously incurred a cumulative loss of $1.66 million from four prior trades.#Crypto #Whale #PEPE #Tokens #Transaction #Onchain #PANews #USDC
🚀 Bitcoin(BTC) Surpasses 97,000 USDT with a 2.17% Increase in 24 Hours
#Bitcoin #BTC #USDT #cryptocurrency #Binance #trading #marketdata #priceincrease
On Jan 15, 2025, 03:32 AM(UTC). According to Binance Market Data, Bitcoin has crossed the 97,000 USDT benchmark and is now trading at 97,045.523438 USDT, with a narrowed 2.17% increase in 24 hours.#Bitcoin #BTC #USDT #cryptocurrency #Binance #trading #marketdata #priceincrease
🚀 Abkhazia Faces Energy Crisis Amid Cryptocurrency Mining Concerns
#Abkhazia #EnergyCrisis #CryptocurrencyMining #ElectricitySupply #Russia #Chernomorenergo #LawEnforcement #ConsumptionLimits #HumanitarianAid #IllegalMining
According to Odaily, Abkhazian officials have once again blamed cryptocurrency miners for the ongoing energy crisis in the country, warning that emergency power supplies from Russia are nearing depletion. As Moscow's 'humanitarian electricity' supply begins to dwindle, the crisis is expected to peak next month. Timur Dzhindzholiya, head of the power supplier Chernomorenergo, stated that at the current rate of consumption, 'Russian electricity supplies' will only last until February 18. The government of Abkhazia is currently 'unable' to stop cryptocurrency miners. Interior Minister Robert Kiut noted that miners are exploiting 'loopholes to evade the law.' Abkhazian law stipulates that electricity consumption for any landowner should not exceed 300 kilowatts. However, the minister explained that miners can share ownership of larger cryptocurrency farms to 'share consumption' and 'avoid criminal liability.' Residents of Abkhazia believe that 'law enforcement agencies are well aware of the locations and owners of cryptocurrency farms but have not taken any real measures to stop them.'#Abkhazia #EnergyCrisis #CryptocurrencyMining #ElectricitySupply #Russia #Chernomorenergo #LawEnforcement #ConsumptionLimits #HumanitarianAid #IllegalMining
🚀 Thailand Considers Allowing Bitcoin ETFs to Boost Digital Asset Hub Status
#Thailand #Bitcoin #ETFs #DigitalAssets #Cryptocurrency #SecuritiesAndExchangeCommission #Investment #Stablecoin #Phuket #CryptoTrading #BTC
According to Foresight News, Bloomberg reports that the Thai Securities and Exchange Commission (SEC) is contemplating the introduction of Bitcoin exchange-traded funds (ETFs) on local exchanges. This move aims to position Thailand as a digital asset hub. SEC Secretary-General Pornanong Budsaratragoon stated that the proposed regulations would enable both individual and institutional investors to access local Bitcoin ETFs. Previously, in June 2024, Thailand's One Asset Management launched a fund offering indirect exposure to overseas Bitcoin ETFs, but direct investment products in Bitcoin have not yet been permitted.
This potential policy shift comes amid increasing competition in the Asia-Pacific region to become a digital asset center. Singapore and Hong Kong have already implemented supportive policies, while U.S. President-elect Trump has pledged to make the United States a global cryptocurrency hub. Pornanong emphasized the necessity of keeping pace with global cryptocurrency adoption, stating, "Whether we like it or not, we must follow the global cryptocurrency adoption trend. We need to adapt to changes and provide investors with more protected crypto asset investment options."
Additionally, Thailand is gradually easing restrictions on digital assets, including considering the introduction of a stablecoin backed by government bonds and planning a tourism service sandbox for Bitcoin transactions in Phuket.
As of November 30, the latest data indicates that Thailand has approximately 270,000 active cryptocurrency trading accounts.#Thailand #Bitcoin #ETFs #DigitalAssets #Cryptocurrency #SecuritiesAndExchangeCommission #Investment #Stablecoin #Phuket #CryptoTrading #BTC
🚀 Thailand Considers Allowing Bitcoin ETF Listing on Local Exchange
#Thailand #Bitcoin #ETF #DigitalAssets #Investing #Cryptocurrency #ThaiSEC #Finance #BTC
According to Odaily, Thailand is contemplating the approval of its first Bitcoin Exchange-Traded Fund (ETF) on a local exchange as part of its efforts to develop a digital asset hub. The Secretary-General of the Thai Securities and Exchange Commission (SEC), Pornanong Budsaratragoon, stated that the commission is evaluating the possibility of permitting both individual and institutional investors to invest in a local Bitcoin ETF. In June 2024, Thailand's One Asset Management launched a fund-of-fund providing exposure to overseas Bitcoin ETFs. However, the country has yet to approve tools for direct Bitcoin investment.#Thailand #Bitcoin #ETF #DigitalAssets #Investing #Cryptocurrency #ThaiSEC #Finance #BTC
🚀 JustJoin Login Page Allegedly Linked To North Korean Hackers Reappears
#JustJoin #NorthKoreanHackers #CyberSecurity #Odaily #SlowMist
According to Odaily, the Chief Information Security Officer of SlowMist, known as 23pds, announced on X that the 'JustJoin' login page, allegedly associated with North Korean hackers, has resurfaced.#JustJoin #NorthKoreanHackers #CyberSecurity #Odaily #SlowMist
🚀 AI Agents Predicted To Transform Social Media Content Creation
#AIAgents #SocialMedia #ContentCreation #EconomicValue #Innovation #Technology #Influencers #IndustryTrends #EmergingTech #FutureOfMedia
According to Odaily, Franklin Templeton has released a new report forecasting that AI agents will revolutionize the way content is generated on social media, becoming indispensable across various industries and platforms. The report suggests that, similar to human influencers today, these agents could launch their own brands, products, music, and films, contributing significant economic value to their ecosystems. However, it also notes that AI agents are still in the early stages of development. While not yet fully autonomous and currently of limited utility, the emerging field holds substantial potential and warrants close observation as it evolves and matures.#AIAgents #SocialMedia #ContentCreation #EconomicValue #Innovation #Technology #Influencers #IndustryTrends #EmergingTech #FutureOfMedia
🚀 New macOS Vulnerability Discovered Allowing SIP Bypass
#macOS #vulnerability #SIP #CVE202444243 #cybersecurity #malware #rootkits #security #threatintelligence
According to BlockBeats, Microsoft Threat Intelligence has identified a new macOS vulnerability, CVE-2024-44243, which could enable attackers to bypass Apple's System Integrity Protection (SIP) by loading third-party kernel extensions. SIP is a security feature designed to restrict operations that could compromise system integrity. Bypassing SIP poses significant risks, such as facilitating the installation of rootkits, creating persistent malware, bypassing transparency, consent, and control (TCC), and expanding the attack surface for other techniques and vulnerabilities.#macOS #vulnerability #SIP #CVE202444243 #cybersecurity #malware #rootkits #security #threatintelligence
🚀 TikTok Prepares For Potential Shutdown In The U.S. Amid Legal Challenges
#TikTok #shutdown #USban #legalchallenges #SupremeCourt
According to Odaily, TikTok is preparing to shut down its application for U.S. users on Sunday due to an impending ban. This action will take place unless the U.S. Supreme Court intervenes to halt the ban, as revealed by two sources familiar with the situation.#TikTok #shutdown #USban #legalchallenges #SupremeCourt
🚀 Bank Of Japan Considers Interest Rate Hike Amid Economic Improvements
#BankOfJapan #InterestRateHike #KazuoUeda #EconomicImprovements #CentralBank
According to Odaily, Bank of Japan Governor Kazuo Ueda has indicated that the central bank may raise interest rates if economic conditions and prices continue to improve. A decision regarding a potential rate hike is expected to be made next week.#BankOfJapan #InterestRateHike #KazuoUeda #EconomicImprovements #CentralBank
🚀 CFTC Orders Over $1 Million Penalty Against Mosaic Exchange Ltd.
#CFTC #MosaicExchange #SEC #commodityfraud #Bitcoin #digitalassets #financialpenalty #investments #fraudprevention #BTC
According to PANews, the U.S. Commodity Futures Trading Commission (CFTC) recently announced that the Federal District Court for the Southern District of Florida has issued a final default judgment against Mosaic Exchange Ltd. and its CEO, Sean Michael. The court has ordered them to pay approximately $468,600 in restitution, $61,000 in disgorgement of ill-gotten gains, and a civil penalty of $660,000, totaling over $1.1 million. Additionally, the defendants are permanently banned from registering with the CFTC and participating in markets under its regulation.
The case revealed that between February 2019 and June 2021, the defendants misled clients into investing in Bitcoin and other digital assets through false advertising. They claimed to manage tens of millions of dollars in assets with high profitability, but in reality, the promised returns were not achieved, and some client funds were used for personal expenses.
The CFTC has advised the public to be cautious of commodity pool fraud and recommends verifying the CFTC registration information of companies before investing.#CFTC #MosaicExchange #SEC #commodityfraud #Bitcoin #digitalassets #financialpenalty #investments #fraudprevention #BTC
🚀 NFT Market Faces Decline In 2024, Reports DappRadar
#NFT #marketdecline #DappRadar #tradingvolume #2024 #salesdecrease #crypto #blockchain #digitalart
According to Odaily, a recent report by DappRadar highlights a significant decline in the NFT market for 2024. The report indicates that NFT trading volume fell by 19% compared to 2023, reaching $13.7 billion, while the number of sales decreased by 18% to just under 50 million. This downturn marks 2024 as one of the weakest years since 2020.
DappRadar notes that the NFT market experienced notable fluctuations throughout the year. In the first quarter, trading volume increased by 4% from the same period in 2023, reaching $5.3 billion. However, this momentum was short-lived, as the volume dropped to $1.5 billion in the third quarter before rebounding to $2.6 billion in the fourth quarter.
The report also reflects on the NFT market's peak in 2022, when it achieved mainstream recognition. That year, trading volume soared to $57.2 billion, with the number of transactions reaching 121.7 million, marking it as the best year on record for NFTs.#NFT #marketdecline #DappRadar #tradingvolume #2024 #salesdecrease #crypto #blockchain #digitalart
🚀 Dawn Internet's Social Media Account Compromised, Phishing Links Posted
#DawnInternet #SocialMediaSecurity #PhishingAlert #CyberSecurity #DecentralizedNetwork
According to Odaily, the decentralized autonomous wireless network project DAWN's social media account on platform X has been compromised. The account was used to post phishing links. Users are advised to exercise caution and avoid interacting with these links to prevent potential risks.#DawnInternet #SocialMediaSecurity #PhishingAlert #CyberSecurity #DecentralizedNetwork
🚀 Russian Miner Sentenced For Funding Ukrainian Group With Cryptocurrency
#RussianMiner #Cryptocurrency #UkrainianGroup #Terrorism #FSB #SakhaRepublic #DiamondMining #PrisonSentence #FundingTerrorism #SecurityThreat
According to Odaily, a Russian diamond mining company employee has been sentenced to prison for providing financial support to a Ukrainian terrorist organization through cryptocurrency transactions. The individual, a resident of the Mirninsky District in the Sakha Republic of Russia's Far East, was apprehended by the Sakha Republic branch of the Russian Federal Security Service (FSB). The FSB reported that the man repeatedly transferred funds to Ukrainian militants using cryptocurrency, which were allegedly used for reconnaissance and subversive activities against the security of the Russian Federation.#RussianMiner #Cryptocurrency #UkrainianGroup #Terrorism #FSB #SakhaRepublic #DiamondMining #PrisonSentence #FundingTerrorism #SecurityThreat
🚀 Chris Burniske Optimistic About Post-Election Factors Until 2025
#ChrisBurniske #PostElection #2025Outlook #USPolitics #MarketTrends
According to Odaily, Placeholder partner Chris Burniske expressed on X that the favorable factors anticipated after the U.S. election remain applicable to the outlook for 2025. He advised against wavering in this belief.#ChrisBurniske #PostElection #2025Outlook #USPolitics #MarketTrends
🚀 Crypto Projects Originated From Industry Insiders, Says Dragonfly Partner
#Crypto #Ethereum #Uniswap #Dragonfly #HaseebQureshi #Cryptocurrency #IndustryInsiders #Blockchain
According to Odaily, Haseeb Qureshi, a managing partner at Dragonfly, stated in a podcast interview that nearly all significant cryptocurrency projects, such as Ethereum and Uniswap, have been developed by native industry participants rather than traditional elites from institutions like Google or Harvard.#Crypto #Ethereum #Uniswap #Dragonfly #HaseebQureshi #Cryptocurrency #IndustryInsiders #Blockchain
🚀 Ethereum Foundation Announces New Leadership And Research Teams
#Ethereum #EthereumFoundation #Leadership #Research #ApplicationResearchGroup #Consensus #Cryptography #ProtocolSecurity #RIG #GameTheory #ETH
According to Odaily, Ethereum Foundation researcher Alex Stokes has announced that he will co-lead the foundation alongside barnabe.eth. The Ethereum Foundation Research division will consist of five specialized teams. These teams include the Application Research Group (ARG), which focuses on translating theory into practice, and the Consensus R&D team, which aims to enhance the consensus layer. Additionally, the Cryptography team works on reducing trust in each part of the stack through innovative mathematics. The Protocol Security team ensures the safety of the network's software and specifications using various tools and bounty programs. Lastly, the RIG team strengthens Ethereum's unique mechanisms from an economic and game theory perspective.#Ethereum #EthereumFoundation #Leadership #Research #ApplicationResearchGroup #Consensus #Cryptography #ProtocolSecurity #RIG #GameTheory #ETH
🚀 South Korea Advances Cryptocurrency Regulation Efforts
#SouthKorea #CryptocurrencyRegulation #InvestorProtection #CryptoExchanges #ColdWallets #Transparency #StablecoinRegulation #FinancialServicesCommission #LegislativeProposal #CryptoAssets
According to Odaily, South Korea's Financial Services Commission convened a meeting on Wednesday to outline key objectives of an upcoming legislative proposal. Kim So-young, Vice Chairman of the Financial Supervisory Commission, highlighted that major global economies are expediting the establishment of cryptocurrency regulations to enhance investor protection and eliminate regulatory uncertainties.
South Korea's first cryptocurrency regulatory framework came into effect in July of last year, following its legislative approval a year earlier. This framework aims to safeguard cryptocurrency investors by imposing stricter requirements on exchanges. For instance, service providers are mandated to store at least 80% of user cryptocurrency deposits in cold wallets, separate from their own funds.
The meeting also addressed topics such as increasing transparency in the listing of new cryptocurrencies on exchanges and enforcing disclosure requirements for crypto entities similar to those for traditional financial companies. Regarding stablecoin regulation, authorities reviewed global practices concerning the management of reserve assets by issuers and the redemption rights of users.#SouthKorea #CryptocurrencyRegulation #InvestorProtection #CryptoExchanges #ColdWallets #Transparency #StablecoinRegulation #FinancialServicesCommission #LegislativeProposal #CryptoAssets