🚀 North Carolina Bans Federal Reserve-Issued CBDC
#NorthCarolina #CBDC #FederalReserve #DigitalCurrency #Legislation #HouseBill690 #GovernorCooper #Blockchain #PartisanPolitics #EconomicPolicy #FinancialRegulation #AntiSurveillance #SenateVote
According to Cointelegraph, North Carolina’s General Assembly has passed a bill prohibiting the state from implementing a United States Federal Reserve-issued central bank digital currency (CBDC). The Senate overrode a veto by Governor Roy Cooper, with a 27-17 vote on September 9, narrowly surpassing the 60% majority needed to pass House Bill 690 into law.
The bill forbids North Carolina from accepting CBDCs as a form of payment and prohibits participation in future CBDC tests conducted by any Federal Reserve branch. This legislative move follows a 73-41 vote in the House to overturn Cooper’s veto in early August. Cooper’s initial veto on July 5 came after a lopsided 109-4 vote in the House and a 39-5 vote in the Senate a month earlier. The latest Senate vote saw 12 Democrats who initially supported the bill flipping to support Cooper’s veto, resulting in no Senate Democrats voting to pass the bill this time.
Mitchell Askew, head analyst at Blockware Solutions, expressed his amazement at seeing CBDCs officially banned in his native state but was displeased with the Senate vote outcome. He suggested that the 12 Democrats flipping their position confirmed his hypothesis that the veto was due to partisan politics. Dan Spuller, head of industry affairs at the Blockchain Association, stated in a September 9 post that Cooper’s veto missed an opportunity to send a united message against CBDCs to the Federal Reserve.
Governor Cooper’s office did not immediately respond to a request for comment on the bill’s passing. While the Federal Reserve has researched CBDCs, Chair Jerome Powell stated on July 31 that there is no significant progress on a US-issued CBDC. At a federal Senate Banking Committee hearing in March, Powell mentioned that the US was far from recommending or adopting a central bank digital currency in any form. Despite these assurances, the US House passed the CBDC Anti-Surveillance State Act in May, and a companion bill has been introduced to the Senate by Senator Ted Cruz.#NorthCarolina #CBDC #FederalReserve #DigitalCurrency #Legislation #HouseBill690 #GovernorCooper #Blockchain #PartisanPolitics #EconomicPolicy #FinancialRegulation #AntiSurveillance #SenateVote
🚀 Bitcoin Node Rankings Show German IP Addresses Leading
#Bitcoin #NodeRankings #Germany #Cryptocurrency #Blockchain #BTC
According to Odaily, HODL15 Capital announced on the X platform that the latest Bitcoin node rankings reveal a significant presence of German IP addresses. Specifically, three out of the top eight Bitcoin nodes are located in Germany.#Bitcoin #NodeRankings #Germany #Cryptocurrency #Blockchain #BTC
🚀 Aave Launches Dedicated Market for Ether.fi weETH
#Aave #weETH #etherfi #blockchain #stablecoins #Lido
According to Foresight News, Aave has announced the deployment of a dedicated market for ether.fi weETH on the blockchain. Users can now borrow stablecoins using weETH. This follows the launch of a similar dedicated instance for Lido last month.#Aave #weETH #etherfi #blockchain #stablecoins #Lido
🚀 Morph and Rango Announce Ecosystem Collaboration
#morph #rango #blockchain #crosschain #cryptocurrency #ethereum #solana #bitcoin #cosmos #Layer2 #tokenexchange
According to Foresight News, consumer-grade public blockchain Morph has entered into an ecosystem collaboration with cross-chain aggregator Rango. This partnership will see Rango integrating the Morph network, enabling users to transfer funds across more than 60 blockchains, including Ethereum, Layer 2 solutions, Solana, Bitcoin, and Cosmos. The integration aims to assist users in finding the optimal token exchange path based on speed, network fees, or final amount.#morph #rango #blockchain #crosschain #cryptocurrency #ethereum #solana #bitcoin #cosmos #Layer2 #tokenexchange
🚀 ENSv2 Development Update: Exploring Three Key Options
#ENSv2 #development #ZKblockchain #OptimisticL2 #zkVM #Axiom #governance #scalability #fundingproposal #ENSDAO #architecture
According to Foresight News, the ENSv2 development team has provided an update on their progress, focusing on three main options for the architecture of ENSv2. The first option involves directly extending ENS to existing public ZK blockchains such as Scroll and Taiko, or utilizing Optimistic L2 with ZK proof capabilities. This option offers the lowest development and long-term maintenance costs but sacrifices some governance independence over the public chain.
The second option is to deploy a proprietary ZK chain instance, which would provide the team with greater flexibility. The third option involves developing a custom zkVM (zero-knowledge virtual machine) optimized specifically for ENS operations, in collaboration with Axiom. The ENS team plans to test the performance, cost efficiency, and scalability of these three paths, using specific data to guide their decision-making process.
Additionally, the team is improving the ENSv2 architecture, including a layered registry system and an updated universal resolver. To support this work, ENS DAO is preparing a funding proposal that will outline the resources needed to implement ENSv2. The current goal of the team is to present a final recommendation for the ENSv2 L2 strategy in the coming months.#ENSv2 #development #ZKblockchain #OptimisticL2 #zkVM #Axiom #governance #scalability #fundingproposal #ENSDAO #architecture
🚀 Deepfake Scams Target Apple CEO Tim Cook During iPhone Launch
#Deepfake #Scam #TimCook #Apple #iPhoneLaunch #Crypto #Bitcoin #Ethereum #Tether #Dogecoin #Fraud #YouTube #AI #Technology #Cybersecurity #WorldEconomicForum
According to Cointelegraph, YouTube was inundated with livestreams featuring deepfakes of Apple CEO Tim Cook promoting crypto scams during the tech giant’s unveiling of its latest iPhones. On September 9, one such stream shared on X showed an AI-generated Cook urging viewers to send Bitcoin (BTC), Ether (ETH), Tether (USDT), or Dogecoin (DOGE) to a 'contribution address,' promising to return double the amount. The AI-fake Cook claimed, 'Once you complete your deposit, the system will automatically process it and send back double the amount of the cryptocurrency you deposited.' These videos are part of a common 'double-your-money' scam where fraudsters keep the funds instead of returning them as promised.
One of the scam streams appeared on a YouTube channel mimicking 'Apple US,' complete with a verification tick. Videos and screenshots shared on X showed some of these bogus streams garnering hundreds of thousands of views, likely boosted by bots to lend legitimacy. YouTube’s support team acknowledged the scam in a September 9 post on X, urging users to report the videos using the official reporting tool. The fraudulent videos have since been removed, and the associated accounts have been closed. YouTube did not immediately respond to requests for comment on the livestreams.
The use of deepfake technology in scams is becoming increasingly bold, targeting high-profile individuals and events. In June, Australian broadcaster Seven had its YouTube news channel hijacked by crypto scammers who posted videos of a deepfake Elon Musk discussing cryptocurrency. Around the same time, YouTube was flooded with deepfake versions of Musk during the latest launch of SpaceX’s Starship rocket, asking users to deposit crypto into a fraudulent double-your-money scheme. Concerns about AI-generated content have surged in recent years, with the World Economic Forum highlighting potential adverse outcomes of AI technologies in its 2024 'Global Risks Report.'#Deepfake #Scam #TimCook #Apple #iPhoneLaunch #Crypto #Bitcoin #Ethereum #Tether #Dogecoin #Fraud #YouTube #AI #Technology #Cybersecurity #WorldEconomicForum
🚀 Arbitrum Launches First Stylus-Supported Infinite Rainbows NFT for Free Mint
#Arbitrum #Stylus #InfiniteRainbows #NFT #FreeMint #CryptoArt #Blockchain #ARB
According to Odaily, Arbitrum has announced on the X platform that the first Infinite Rainbows NFT, supported by Stylus, is now available for free minting. The free minting process is exclusively conducted on the website mintstylus.xyz and will be available from September 9 to October 6.#Arbitrum #Stylus #InfiniteRainbows #NFT #FreeMint #CryptoArt #Blockchain #ARB
🚀 Onchain Summer Event Concludes With Significant Participation And Revenue
#OnchainSummer #Base #BlockchainEvent #CryptoBuilders #OnChainRevenue #DigitalAssets #UniqueWallets #CryptoCommunity
According to Odaily, Base has announced the conclusion of this year's Onchain Summer event. Spanning three months, the event attracted thousands of projects and hundreds of on-chain builders and creators. The initiative generated over $5 million in on-chain revenue for builders, creators, and projects. Additionally, more than 2 million unique wallets participated in the on-chain experience, resulting in the minting of over 24 million on-chain assets.#OnchainSummer #Base #BlockchainEvent #CryptoBuilders #OnChainRevenue #DigitalAssets #UniqueWallets #CryptoCommunity
🚀 PixelRealm And Neon EVM Collaborate To Integrate Ethereum And Solana Gaming Ecosystems
#PixelRealm #NeonEVM #Ethereum #Solana #gaming #Kugle #virtualpet #partnership #integration #blockchain #SOL
According to Odaily, PixelRealm and Neon EVM have officially entered into a partnership aimed at further integrating the Ethereum and Solana gaming ecosystems. By integrating with Neon EVM, PixelRealm enables Ethereum-based games to expand to the Solana network without the need for Rust, offering developers benefits such as Solana's high throughput, cost-effectiveness, and access to a dynamic gaming community.
Additionally, PixelRealm and Neon EVM plan to launch their first co-developed virtual pet game, Kugle, which is expected to be released this week.#PixelRealm #NeonEVM #Ethereum #Solana #gaming #Kugle #virtualpet #partnership #integration #blockchain #SOL
🚀 BNB Chain Announces Catalyst Awards Winners
#BNBChain #CatalystAwards #InnovationExcellence #DeFiExcellence #GamingExcellence #InfrastructureExcellence #RisingStar #Aggregata #Cellula #KiloEx #ListaDAO #Seraph #StarryNift #CARV #ParticleNetwork #REVOX #Sidekick
According to BlockBeats, on September 10, BNB Chain revealed the winners of its Catalyst Awards, recognizing outstanding projects across various categories.
The Innovation Excellence Award was granted to AI project Aggregata and programmable incentive layer protocol Cellula. In the DeFi Excellence category, KiloEx and Lista DAO emerged as winners. The Gaming Excellence Award was awarded to Seraph and StarryNift. For Infrastructure Excellence, CARV and Particle Network were recognized. Lastly, the Rising Star Award was given to REVOX and Sidekick.#BNBChain #CatalystAwards #InnovationExcellence #DeFiExcellence #GamingExcellence #InfrastructureExcellence #RisingStar #Aggregata #Cellula #KiloEx #ListaDAO #Seraph #StarryNift #CARV #ParticleNetwork #REVOX #Sidekick
🚀 Orange Cap Games Secures $2 Million Pre-Seed Funding
#OrangeCapGames #Funding #BlockchainGames #TradingCardGame #Vibes #PudgyPenguins #GameDevelopment #PreSeedFunding
According to BlockBeats, on September 10, blockchain game development studio Orange Cap Games announced the successful completion of a $2 million pre-seed angel funding round. The investment saw participation from notable figures including LayerZero CEO Bryan Pellegrino, YGG founder Gabriel Dizon, and Dapper Labs executive Amber.
The newly acquired funds will be directed towards the development of their upcoming trading card game, Vibes. Vibes will feature intellectual property from Pudgy Penguins, adding a unique element to the game.#OrangeCapGames #Funding #BlockchainGames #TradingCardGame #Vibes #PudgyPenguins #GameDevelopment #PreSeedFunding
🚀 US States Reach Settlement With GS Partners To Refund Investors
#USStates #Settlement #GSPartners #Refund #Investors #Cryptocurrency
According to Odaily, the Texas State Securities Board (TSSB) announced on Monday that five U.S. states have reached a settlement with GS Partners, a company offering various cryptocurrency investments. As part of the settlement, GS Partners will return 100% of the funds to investors.#USStates #Settlement #GSPartners #Refund #Investors #Cryptocurrency
🚀 Singapore Investigates Individuals Over Worldcoin Transactions
#Singapore #Worldcoin #Investigation #LawrenceWong #PaymentServicesAct #Cryptocurrency #Arrest #MonetaryAuthority #MobilePhones #Assets #WLD
According to Odaily, Singapore's Deputy Prime Minister and Finance Minister, Lawrence Wong, revealed in a written response to Parliament that the Singapore police are investigating seven individuals suspected of providing Worldcoin account and token transaction services. The case involves potential violations of the Payment Services Act of 2019, with five individuals already arrested by the police.
Preliminary investigations indicate that three suspects allegedly recruited individuals on behalf of multiple entities to create Worldcoin accounts and exchanged control of these accounts and tokens for cash. The other two suspects are involved in the purchase and transfer management of related assets. During the operation, the police seized over 200 mobile phones as evidence.
Wong emphasized that the Monetary Authority of Singapore does not consider Worldcoin itself to be a payment service under the Payment Services Act. However, transactions involving its accounts and tokens may constitute payment services.#Singapore #Worldcoin #Investigation #LawrenceWong #PaymentServicesAct #Cryptocurrency #Arrest #MonetaryAuthority #MobilePhones #Assets #WLD
🚀 Ethereum Spot ETF Experiences Significant Net Outflows
#Ethereum #ETFs #Grayscale #netoutflows #crypto #investment #finance #ETH
According to Foresight News, data from SoSoValue indicates that on September 9 (Eastern Time), Ethereum spot ETFs experienced a total net outflow of $5.198 million. Grayscale's Ethereum Trust ETF (ETHE) saw a single-day net outflow of $22.6426 million, bringing its historical net outflow to $2.694 billion. Conversely, Grayscale's Ethereum Mini Trust ETF (ETH) recorded a single-day net inflow of $7.9744 million, with its historical total net inflow now at $258 million.
As of the time of reporting, the total net asset value of Ethereum spot ETFs stands at $6.434 billion. The net asset ratio of ETFs (market value compared to the total market value of Ethereum) is 2.28%, with a historical cumulative net outflow reaching $573 million.#Ethereum #ETFs #Grayscale #netoutflows #crypto #investment #finance #ETH
🚀 SEC Imposes Record $4.7 Billion In Crypto Enforcement Actions In 2024
#SEC #cryptocurrency #enforcementactions #TerraformLabs #DoKwon #fines #2024 #cryptoindustry #compliance #regulation
According to Cointelegraph, the United States Securities and Exchange Commission (SEC) has imposed nearly $4.7 billion in enforcement actions against cryptocurrency firms and executives in 2024, marking an over 3,000% increase from the previous year. This significant rise is largely attributed to a $4.47 billion settlement with Terraform Labs and its former CEO Do Kwon in June, which is the SEC's largest enforcement action to date.
The SEC's 11 enforcement actions in 2024 have resulted in a 3,018% increase from the $150.3 million in fines collected in 2023, despite having 19 fewer actions against crypto firms. The total monetary enforcement amount this year surpasses the combined total from 2013 to 2023. The fines include forfeiture amounts, disgorgement, civil penalties, settlement amounts, and prejudgment interest, counted from the initiation of the enforcement action.
This year's increase in fines indicates a strategic shift by the SEC towards targeting more influential cases. The report suggests that the SEC is focusing on fewer but larger fines to make high-impact enforcement actions that set precedents for the entire industry. In 2019, the SEC imposed a $1.24 billion action against social messaging network Telegram, which included $18.5 million in civil penalties and $1.2 billion in disgorgement paid back to investors. This case significantly contributed to the average fine rising nearly 2,000% year-on-year to over $70 million in 2019.
From 2019 to 2023, the average fine ranged between $5 million and $35.2 million, but the Terraform Labs case has brought the 2024 average fine above $420 million. Other notable enforcement actions include those against GTV Media Group, Ripple Labs, and fraudsters John and Tina Barksdale, each exceeding $100 million. Despite these large fines, 46% of the fines imposed since 2020 have been below $1 million, while 30% fell between the $1 million and $10 million range.#SEC #cryptocurrency #enforcementactions #TerraformLabs #DoKwon #fines #2024 #cryptoindustry #compliance #regulation
🚀 Russia Emerges As Leading Bitcoin Mining Nation
#Russia #Bitcoin #Mining #Cryptocurrency #VladimirPutin #Siberia #TaxRevenue #Investment #BTC
According to Odaily, Russian President Vladimir Putin announced at the Eastern Economic Forum that Russia has become one of the world's leading nations in Bitcoin mining. He attributed this achievement to the utilization of surplus energy from regions like Siberia for mining activities. However, he cautioned that these activities should not hinder the development of these areas.
Sergey Bezdelov, Chairman of the Industrial Mining Association, reported that Russia produced 54,000 Bitcoins in 2023, generating over $550 million in tax revenue for the country. Bezdelov also noted that the recent approval of cryptocurrency mining laws is expected to attract new investors to the sector, potentially increasing these figures.#Russia #Bitcoin #Mining #Cryptocurrency #VladimirPutin #Siberia #TaxRevenue #Investment #BTC
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🚀 Ethereum Network Shows Significant Growth Amid Positive Changes
#Ethereum #cryptocurrency #blockchain #whales #growth #priceanalysis #bullish #wallets #markettrends #doublebottom #ETH
According to Odaily, the market intelligence platform Santiment recently disclosed positive changes in the Ethereum network. Data from Sanbase Pro indicates a significant increase in the network's growth level, suggesting a resurgence in cryptocurrency activity and a potential bullish trend. On September 8, approximately 126,210 new wallet addresses were created on the Ethereum network. Notably, despite Sunday typically being the least active day of the week, the network recorded its highest growth momentum in four months, marking a new milestone.
Cryptocurrency analyst and trader Tardigrade believes that Ethereum's price movement has entered a 'double bottom' pattern, with the 'W structure' potentially indicating an imminent price reversal. This upward trend could push Ethereum's price to $3,900. Another crypto analyst, Ali Martinez, revealed that Ethereum whales might have lost interest in the cryptocurrency, noting that they stopped accumulating ETH in early July and have since shifted to selling or redistributing their holdings.#Ethereum #cryptocurrency #blockchain #whales #growth #priceanalysis #bullish #wallets #markettrends #doublebottom #ETH
🚀 USDC Treasury Mints Additional 50 Million USDC on Ethereum
#USDC #Ethereum #stablecoin #cryptocurrency #blockchain #liquidity #minting
According to BlockBeats, WhaleAlert has reported that the USDC Treasury minted an additional 50 million USDC on the Ethereum blockchain. This transaction was detected just one minute prior to the report.
The minting of new USDC tokens is a significant event in the cryptocurrency market, as it indicates an increase in the supply of this stablecoin. USDC, or USD Coin, is a popular stablecoin pegged to the US dollar, and its issuance is closely monitored by market participants. The Ethereum blockchain, known for its robust smart contract capabilities, is a common platform for such transactions.
This latest minting activity by the USDC Treasury reflects ongoing developments in the digital currency space, where stablecoins play a crucial role in providing liquidity and stability. Market observers will be watching closely to see how this increase in USDC supply impacts the broader cryptocurrency market.#USDC #Ethereum #stablecoin #cryptocurrency #blockchain #liquidity #minting
🚀 Jupiter DAO Launches First Vote In Four Months
#JupiterDAO #Vote #Podcast #WorkingGroup #Grants
According to Odaily, Jupiter DAO has announced on X that their latest voting session is now live. This marks the first vote in four months and will determine whether the Jup & Juice Podcast team can advance to the experimental working group after receiving three grants.#JupiterDAO #Vote #Podcast #WorkingGroup #Grants
🚀 Swiss Crypto Bank Amina Seeks VASP License in Austria
#Amina #CryptoBank #VASP #Austria #FranzBergmüller #InvestmentGrowth #SEBABank #FinancialRegulation
According to BlockBeats, on September 10, Franz Bergmüller, CEO of Swiss-based crypto bank Amina, announced that the company is applying for a Virtual Asset Service Provider (VASP) license from the Austrian Financial Market Authority. Bergmüller emphasized that before Amina can operate or generate revenue in Austria, a new team must be established.
Bergmüller stated, 'As a bank, we are approaching breakeven, but we have deliberately decided to prioritize investment growth at this stage.' Amina, formerly known as SEBA Bank, was headquartered in Zug, Switzerland, in April 2022.#Amina #CryptoBank #VASP #Austria #FranzBergmüller #InvestmentGrowth #SEBABank #FinancialRegulation