
<div class="d-flex justify-content-center"><ins class="64c25105bd391bf86a4f85f8" style="display:inline-block;width:1px;height:1px;"></ins><script>!function(e,n,c,t,o,r,d){!function e(n,c,t,o,r,m,d,s,a){s=c.getElementsByTagName(t)[0],(a=c.createElement(t)).async=!0,a.src="https://"+r[m]+"/js/"+o+".js?v="+d,a.onerror=function(){a.remove(),(m+=1)>=r.length||e(n,c,t,o,r,m)},s.parentNode.insertBefore(a,s)}(window,document,"script","64c25105bd391bf86a4f85f8",["cdn.bmcdn6.com"], 0, new Date().getTime())}();</script></div>



<p>Ethereum co-founder Vitalik Buterin has set the blockchain community abuzz with his recent financial maneuvers. With a flurry of Ether (ETH) transfers worth millions, this article dives into the details of Buterin&#8217;s crypto escapades, highlighting a substantial $600,000 transaction to <a href="https://www.coinbase.com">Coinbase</a>. </p>



<p>Read more: <a href="https://hodl.fm/vitalik-nft-metalabel-collection-tops-opensea-charts">Vitalik NFT Metalabel Collection Tops OpenSea Charts</a></p>



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<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">🚨 <a href="https://twitter.com/VitalikButerin?ref_src=twsrc%5Etfw">@VitalikButerin</a> deposited 400 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> to <a href="https://twitter.com/hashtag/Coinbase?src=hash&amp;ref_src=twsrc%5Etfw">#Coinbase</a> at $1,579 ($632K) 2hrs ago.<br><br>Notably, Ethereum’s co-founder has deposited a total of 2,421 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> to multiple CEXs at 1,628 on average ($3.94M) via two addresses over the past 10 days.<br><br>👉 More details: <a href="https://t.co/tiJwn0omkk">https://t.co/tiJwn0omkk</a>… <a href="https://t.co/C3BqRmsUau">https://t.co/C3BqRmsUau</a> <a href="https://t.co/8v1jmadwaM">pic.twitter.com/8v1jmadwaM</a></p>&mdash; Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1706156605874872403?ref_src=twsrc%5Etfw">September 25, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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<h2 class="wp-block-heading">Blockchain&#8217;s Sleuths Uncover Vitalik&#8217;s ETH Gift </h2>



<p>In September 2023, crypto sleuths with a knack for tracking blockchain transactions stumbled upon a series of strange moves involving Ethereum&#8217;s legendary co-founder, Vitalik Buterin. They uncovered a sequence of Ether transactions, each with its own story to tell, all adding up to a $3.9 million. You&#8217;ve got the moves like jagger, Vitalik!</p>


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<p>It begins begins with a wallet associated with Vitalik Buterin initiating a transaction of 400 ETH, equivalent to approximately $600,000, to the popular cryptocurrency exchange, Coinbase. A significant move that sent ripples throughout the crypto world, it left many wondering about Buterin&#8217;s intentions behind this sizeable transfer.</p>



<h2 class="wp-block-heading">The Great Ethereum ETH Migration</h2>



<p>But that&#8217;s just the tip of the iceberg. According to the blockchain analysis platform Spot On Chain, this transaction is just one episode in a string of ETH deposits made by Buterin into centralized exchanges over the course of ten days. The grand total? An astonishing 2,421 ETH, equating to a staggering $3.94 million, all moved between September 15 and beyond.</p>



<div class="d-flex justify-content-center"><ins class="64c250b9b41a4b5be53156b1" style="display:inline-block;width:1px;height:1px;"></ins><script>!function(e,n,c,t,o,r,d){!function e(n,c,t,o,r,m,d,s,a){s=c.getElementsByTagName(t)[0],(a=c.createElement(t)).async=!0,a.src="https://"+r[m]+"/js/"+o+".js?v="+d,a.onerror=function(){a.remove(),(m+=1)>=r.length||e(n,c,t,o,r,m)},s.parentNode.insertBefore(a,s)}(window,document,"script","64c250b9b41a4b5be53156b1",["cdn.bmcdn6.com"], 0, new Date().getTime())}();</script></div>



<h2 class="wp-block-heading">Kraken, Bitstamp, and Paxos: Vitalik&#8217;s Stamping Grounds</h2>



<p>The blockchain detectives meticulously pieced together the puzzle, revealing that 321 ETH had found its way to <a href="https://www.kraken.com">Kraken</a> between September 15 and September 19. <a href="https://www.bitstamp.net">Bitstamp</a>, another cryptocurrency exchange, played host to a series of transactions involving a hefty 1,700 ETH on September 17 and 20. To top it off, 500 ETH made a pit stop at <a href="https://paxos.com">Paxos</a> on September 19.</p>



<p>More Here: <a href="https://hodl.fm/kraken-review-2023">Kraken review 2023: Features, Fees, Advantages</a></p>



<h2 class="wp-block-heading">Independently Verified by Cointelegraph</h2>



<p>To add further credence to these mind-boggling transactions, Cointelegraph independently verified several of them. Accessing Nansen 2 beta’s wallet profiler, they confirmed the authenticity of these movements. The blockchain data also underscored a substantial transfer of 2,000 ETH, equivalent to a staggering $4.9 million, to the address responsible for these transfers. This address has long been associated with the Ethereum co-founder.</p>


<div class="wp-block-image">
<figure class="aligncenter size-large"><img decoding="async" src="https://s3.cointelegraph.com/uploads/2023-09/3e5049d5-95ef-4bf9-bfe7-801f3e7c8517.png" alt=""/><figcaption class="wp-element-caption">Nansen 2 wallet profiler. Source: <a href="https://cointelegraph.com/news/vitalik-wallet-sends-400-eth-worth-600k-to-coinbase">CoinTelegraph</a></figcaption></figure></div>


<h2 class="wp-block-heading">A Tale of Three Wallets</h2>



<p>Spot On Chain delved even deeper into the rabbit hole, highlighting the source of the 2,000 ETH transaction as a &#8220;better-known address&#8221; (0xD04daa65144b97F147fbc9a9B45E741dF0A28fd7) owned by Buterin. This revelation added an intriguing layer to the unfolding narrative, contrasting with the middle address (0x5567A4bE2D5b77F5Fd870f99Ed9167Feab8831B1) responsible for ferrying funds to various exchanges.</p>


<div class="wp-block-image">
<figure class="aligncenter size-large"><img decoding="async" src="https://media.tenor.com/WYffmZsnmRgAAAAC/thats-the-mystery-velma-scooby-doo.gif" alt=""/></figure></div>


<h2 class="wp-block-heading">Recalling the $1 Million Transaction</h2>



<p>This whirlwind of transactions isn&#8217;t Buterin&#8217;s first dance with crypto headlines. On August 21, there was a notable 600 ETH ($1 million) transaction from the address vitalik.eth, which didn&#8217;t escape the watchful eyes of on-chain monitoring platforms.</p>



<div class="d-flex justify-content-center"><ins class="64c250b9b41a4b5be53156b1" style="display:inline-block;width:1px;height:1px;"></ins><script>!function(e,n,c,t,o,r,d){!function e(n,c,t,o,r,m,d,s,a){s=c.getElementsByTagName(t)[0],(a=c.createElement(t)).async=!0,a.src="https://"+r[m]+"/js/"+o+".js?v="+d,a.onerror=function(){a.remove(),(m+=1)>=r.length||e(n,c,t,o,r,m)},s.parentNode.insertBefore(a,s)}(window,document,"script","64c250b9b41a4b5be53156b1",["cdn.bmcdn6.com"], 0, new Date().getTime())}();</script></div>



<h2 class="wp-block-heading">Concluding Thoughts</h2>



<p>As the crypto community eagerly watches Vitalik Buterin&#8217;s financial maneuvers, the Ethereum co-founder&#8217;s recent $600,000 ETH transfer to Coinbase remains a hot topic. </p>



<h3 class="wp-block-heading">Read More: </h3>



<ul>
<li><a href="https://hodl.fm/top-people-in-crypto">TOP people in crypto and blockchain – who is the best?</a></li>



<li><a href="https://hodl.fm/digest-3">Ethereum Shanghai upgrade, Arbitrum drama and an unexpected BTC whale?</a></li>
</ul>



<p>With millions in ETH making its way to various exchanges, one can only wonder about the motivations behind these moves. </p>


<div class="wp-block-image">
<figure class="aligncenter size-large is-resized"><img decoding="async" loading="lazy" src="https://y.yarn.co/3048cf24-2087-42ff-ae0c-6e5da77d552a_text.gif" alt="" style="width:476px;height:202px" width="476" height="202"/></figure></div>


<p><strong>Disclaimer</strong>:&nbsp;<em>All materials on this site are for informational purposes only. None of the material should be interpreted as investment advice. Please note that despite the nature of much of the material created and hosted on this website,&nbsp;</em><em><a target="_blank" href="http://hodl.fm/" rel="noreferrer noopener">HODL.FM</a></em><em>&nbsp;is not a financial reference resource and the opinions of authors and other contributors are their own and should not be taken as financial advice. If you require advice of this sort,&nbsp;</em><em><a target="_blank" href="http://hodl.fm/" rel="noreferrer noopener">HODL.FM</a></em><em>&nbsp;strongly recommends contacting a qualified industry professional.</em></p>


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Vitalik Buterin Transfers-2

Vitalik Buterin Transfers 400 ETH Valued at $600,000 to Coinbase


<ul>
<li><strong>WhiteBIT Review &#8211; What is WhiteBIT?</strong></li>



<li><strong>WhiteBIT Alternatives&nbsp;</strong></li>



<li><strong>WhiteBIT Pros and Cons</strong></li>



<li><strong>WhiteBIT Fees</strong></li>



<li><strong>Supported Cryptocurrencies at WhiteBIT</strong></li>



<li><strong>Conclusion about WhiteBIT</strong></li>



<li><strong>FAQs about WhiteBIT&nbsp;</strong></li>
</ul>



<p>Since its inception, WhiteBIT has harbored the ambition to emerge as a trailblazer in the cryptocurrency exchange market. Stationed strategically in a location that acts as a gateway to various markets, this platform has continuously evolved, driven by a team of dedicated professionals, to meet the diverse demands of its expanding user base.</p>


<div class="wp-block-image">
<figure class="aligncenter size-large"><img decoding="async" src="https://cdn.whitebit.com/static/img/welcome/appsDesktop.webp" alt=""/><figcaption class="wp-element-caption">Source: <a href="https://whitebit.com">WhiteBIT</a></figcaption></figure></div>


<p>In 2023, a steady cascade of updates from WhiteBit paints a picture of a platform in perpetual refinement, adeptly navigating the unpredictable currents of cryptocurrency market dynamics. These WhiteBit updates 2023 underscore the platform’s commitment to enhancing the user experience and adapting to the multifaceted needs of its clientele. WhiteBit has been relentless in introducing new security features, extending support for a broader spectrum of cryptocurrencies, and fine-tuning every aspect of user interaction.</p>



<p>Diving into a WhiteBit Review 2023, one is greeted with an in-depth exchange WhiteBit exchange analysis that brings to light the platform&#8217;s comprehensive approach to WhiteBit cryptocurrency trading. The WhiteBIT platform overview unveils a myriad of trading pairs, offering users a plethora of options to diversify their portfolios and explore various market opportunities.</p>



<p>Security, being a paramount concern in the digital trading realm, is addressed meticulously by WhiteBit. The platform’s robust security features are continually upgraded, providing a secure trading environment and instilling confidence in its users.</p>



<p>Exploring the WhiteBit user experience reveals a platform that is intuitive and user-centric, aiming to provide seamless navigation and efficient WhiteBit cryptocurrency trading. This is complemented by a variety of deposit and WhiteBit deposit and withdrawal methods, designed to cater to the diverse financial preferences of its global user base.</p>



<h2 class="wp-block-heading">WhiteBIT Alternatives&nbsp;</h2>



<h3 class="wp-block-heading">1. Binance</h3>



<p>Binance, founded in 2017 by Changpeng Zhao, has rapidly become the largest cryptocurrency exchange in the world in terms of trading volume. Its comprehensive range of services includes spot trading, futures trading, staking, and even a blockchain for developing decentralized apps. The platform supports a vast array of cryptocurrencies, providing traders with endless possibilities.</p>



<p>Read <a href="https://hodl.fm/binance-review-2023/">our review of Binance crypto exchange</a>.</p>



<h3 class="wp-block-heading">2. Kraken</h3>



<p>Kraken, a US-based cryptocurrency exchange established in 2011 by Jesse Powell, has earned a reputation for its strong security practices. With its wide range of supported fiat currencies and extensive list of cryptocurrencies, it offers versatility to both new and experienced traders. The platform also provides futures trading and margin trading, allowing traders to maximize their profits.</p>



<p>Read <a href="https://hodl.fm/kraken-review-2023">our review of Kraken crypto exchange</a>.</p>



<h3 class="wp-block-heading">3. Crypto.com</h3>



<p>Crypto.com, headquartered in Hong Kong and founded in 2016, is on a mission to accelerate the world&#8217;s transition to cryptocurrency. Its wide array of services includes a user-friendly app, a crypto Visa card, staking, and a decentralized finance (DeFi) wallet. The platform supports numerous cryptocurrencies and continues to add new ones, making it a one-stop-shop for crypto enthusiasts.</p>



<p>Read <a href="https://hodl.fm/crypto-com-review-2023">our review of Crypto.com crypto exchange</a>.</p>


<div class="wp-block-image">
<figure class="aligncenter size-large"><img decoding="async" src="https://media.tenor.com/_H2one5gm-oAAAAC/we-still-have-options-adun.gif" alt=""/></figure></div>


<h2 class="wp-block-heading">WhiteBIT Pros and Cons</h2>



<figure class="wp-block-table"><table><tbody><tr><td><strong>Pros</strong></td><td><strong>Cons</strong></td></tr><tr><td><strong>Diversity of Assets:</strong> With over 400 crypto pairs available, WhiteBit offers a diverse range of assets for WhiteBit cryptocurrency trading, catering to both mainstream and niche markets.</td><td><strong>Customer Support:</strong> The lack of live chat support can be a hurdle for users seeking immediate assistance. The platform relies on email support, which may not be as responsive as some users would like.</td></tr><tr><td><strong>User Experience:</strong> The platform strikes a balance between catering to professional traders and being accessible to beginners. The interface is intuitive, with advanced trading features available for seasoned traders.</td><td><strong>Educational Resources:</strong> For beginners venturing into the world of crypto trading, the absence of learning portals or guides can be challenging. This necessitates seeking educational resources externally.</td></tr><tr><td><strong>Staking and Margin Trading:</strong> These features allow users to earn passive income and leverage their positions to maximize gains, providing additional avenues for profit.</td><td></td></tr></tbody></table><figcaption class="wp-element-caption">Pros and cons of WhiteBIT crypto exchange</figcaption></figure>


<div class="wp-block-image">
<figure class="aligncenter size-large"><img decoding="async" src="https://media.tenor.com/0-jaBbFG8QQAAAAC/thats-good-simpsons.gif" alt=""/></figure></div>


<h2 class="wp-block-heading">WhiteBIT Features and Fees</h2>



<ul>
<li><strong>Competitive Fee Structure:</strong>
<ul>
<li>WhiteBIT has meticulously devised a fee structure aimed at catering to the diverse needs of both high-volume and low-volume traders. This approach ensures fairness and accessibility, allowing traders of all levels to participate actively and efficiently in the dynamic cryptocurrency market.</li>
</ul>
</li>



<li><strong>Minimal Deposit Fees:</strong>
<ul>
<li>By maintaining minimal deposit fees, WhiteBit encourages users to fund their accounts and actively engage in trading. This strategy creates an attractive and inclusive trading environment, fostering a sense of community and collaboration among users with varying trading capacities.</li>
</ul>
</li>



<li><strong>Trading Fees:</strong>
<ul>
<li>WhiteBIT trading feest are structured to accommodate diverse trading habits, thereby supporting an inclusive trading ecosystem. This meticulous approach underlines WhiteBit’s commitment to offering equitable opportunities and fostering a harmonious trading community.</li>
</ul>
</li>



<li><strong>Reasonable Fiat Withdrawal Fees:</strong>
<ul>
<li>WhiteBIT facilitates a smooth transition between the cryptocurrency and fiat realms by imposing reasonable fiat withdrawal fees. This feature enables users to convert their digital earnings into traditional currency seamlessly, reflecting WhiteBit’s dedication to user convenience and financial flexibility.</li>
</ul>
</li>
</ul>


<div class="wp-block-image">
<figure class="aligncenter size-large"><img decoding="async" src="https://media.baamboozle.com/uploads/images/142775/1666946374_3874163_url.gif" alt=""/></figure></div>


<ul>
<li><strong>Competitive Crypto Withdrawal Fees:</strong>
<ul>
<li>WhiteBIT’s competitive crypto withdrawal fees ensure that users can effortlessly and securely transfer their digital assets to external wallets or other exchanges. This commitment to facilitating user mobility within the crypto landscape is indicative of WhiteBit’s overarching goal of streamlining asset management and trading processes.</li>
</ul>
</li>



<li><strong>Array of Trading Pairs:</strong>
<ul>
<li>WhiteBIT unveils a vast array of WhiteBit trading pairs, providing users with myriad options for diversifying their portfolios and exploring various market opportunities. This diversity is a testament to WhiteBit’s adaptability and responsiveness to the ever-evolving demands of the cryptocurrency market.</li>
</ul>
</li>



<li><strong>Robust Security Measures:</strong>
<ul>
<li>Continual upgrades and enhancements to WhiteBIT’s security measures instill confidence in users by providing a secure trading environment. This unwavering focus on security underscores WhiteBit’s dedication to safeguarding user assets and maintaining the integrity of trading activities.</li>
</ul>
</li>



<li><strong>Exemplary Customer Support:</strong>
<ul>
<li>WhiteBIT customer support stands as a pillar of its commitment to user satisfaction. The support team is dedicated to addressing user queries and resolving issues promptly, reflecting WhiteBit’s ethos of maintaining transparent and supportive communication channels with its user base.</li>
</ul>
</li>



<li><strong>User-Centric Approach:</strong>
<ul>
<li>Every feature and service offered by WhiteBIT is designed with a user-centric approach. This emphasis on user experience and satisfaction is indicative of WhiteBit’s commitment to creating a conducive, intuitive, and streamlined trading environment, fostering long-term relationships with its users.</li>
</ul>
</li>
</ul>



<h2 class="wp-block-heading">Supported Cryptocurrencies at WhiteBIT</h2>



<p>WhiteBit’s extensive support for various cryptocurrencies is one of its standout features. Whether it&#8217;s the well-known Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), or emerging coins like Solana (SOL) and SandBox (SAND), WhiteBit ensures that traders have a wealth of options at their disposal. Other notable mentions include MATIC, DOGE, Binance Coin (BNB), DAI, TRON (TRX), and Bitcoin Cash (BCH).</p>



<h2 class="wp-block-heading">Conclusion about WhiteBIT</h2>



<p>In conclusion, WhiteBit presents itself as a versatile and evolving cryptocurrency exchange platform. Its range of features, support for a plethora of cryptocurrencies, and continuous improvements make it a noteworthy contender in the crypto space.</p>



<p>However, potential users must weigh the pros and cons. The diversity of assets and user-friendly interface are strong selling points, but the limitations in customer support and educational resources may be deterrents for some.</p>



<p>In the ever-evolving landscape of cryptocurrency trading, WhiteBit stands as a platform that seeks to cater to a wide spectrum of users. Its continuous enhancements, diverse asset offerings, and various trading features make it a viable option for those looking to delve into the world of crypto trading. However, the discerning trader will always weigh the pros and cons, stay informed, and make judicious decisions in their crypto journey.</p>


<div class="wp-block-image">
<figure class="aligncenter size-large is-resized"><img decoding="async" loading="lazy" src="https://y.yarn.co/76b3e4f8-73ef-4395-acbb-d18d213e6f64_text.gif" alt="" style="width:466px;height:262px" width="466" height="262"/></figure></div>


<h2 class="wp-block-heading">FAQs about WhiteBIT&nbsp;</h2>



<p><strong>Can I trust WhiteBIT?</strong> Trust is a valuable commodity in the crypto sphere. WhiteBit has made strides in establishing trustworthiness, but due diligence is essential. Reviewing user experiences, staying updated on WhiteBit security features, and regularly monitoring the platform’s performance are prudent measures for potential users.</p>



<p><strong>Is staking on WhiteBIT safe?</strong> Safety in staking is contingent on multiple factors, including the platform’s security measures, the inherent risks of the staked assets, and market conditions. WhiteBit offers a variety of staking options, but users should assess the risks and rewards of each asset and stay informed about market trends.</p>



<p><strong>How long is the withdrawal time at WhiteBIT?</strong> Withdrawal times at WhiteBit can vary depending on the asset being withdrawn and network congestion. Generally, the platform aims for efficiency in processing withdrawals, but users should be prepared for occasional delays and ensure that all withdrawal requirements are met to avoid unnecessary holdups.</p>



<p><strong>Is WhiteBIT allowed in the US?</strong> WhiteBit’s availability in the US is subject to regulatory compliance. Prospective users in the US should verify the platform’s legality in their respective states and stay abreast of any changes in legislation that might affect their ability to use WhiteBit.</p>



<p><strong>Disclaimer</strong>:&nbsp;<em>All materials on this site are for informational purposes only. None of the material should be interpreted as investment advice. Please note that despite the nature of much of the material created and hosted on this website,&nbsp;</em><em><a target="_blank" href="http://hodl.fm/" rel="noreferrer noopener">HODL.FM</a></em><em>&nbsp;is not a financial reference resource and the opinions of authors and other contributors are their own and should not be taken as financial advice. If you require advice of this sort,&nbsp;</em><em><a target="_blank" href="http://hodl.fm/" rel="noreferrer noopener">HODL.FM</a></em><em>&nbsp;strongly recommends contacting a qualified industry professional.</em></p>


WhiteBit review 2023-min

WhiteBIT Crypto Exchange Review


<div class="d-flex justify-content-center"><ins class="64c25105bd391bf86a4f85f8" style="display:inline-block;width:1px;height:1px;"></ins><script>!function(e,n,c,t,o,r,d){!function e(n,c,t,o,r,m,d,s,a){s=c.getElementsByTagName(t)[0],(a=c.createElement(t)).async=!0,a.src="https://"+r[m]+"/js/"+o+".js?v="+d,a.onerror=function(){a.remove(),(m+=1)>=r.length||e(n,c,t,o,r,m)},s.parentNode.insertBefore(a,s)}(window,document,"script","64c25105bd391bf86a4f85f8",["cdn.bmcdn6.com"], 0, new Date().getTime())}();</script></div>



<p>Let’s get into this week’s crypto digest, where the ghosts of Mt. Gox return, NFTs face their reckoning, and regulators play their game of cat-and-mouse with Binance. Meanwhile, Congress debates the privacy implications of digital dollars. Buckle up; it&#8217;s a rollercoaster of tech, drama, and (decentralized) finance!</p>



<h2 class="wp-block-heading">Déjà Vu with Mt. Gox &amp; The Never-Ending Repayment Drama</h2>



<p>Let&#8217;s kick off this week&#8217;s digest with a story as old as time &#8211; or at least as old as most of your crypto portfolios: the infamous Mt. Gox. You remember them, right? The crypto exchange that turned into a ghost ship, vanishing from our screens nearly a decade ago? Well, the show ain&#8217;t over just yet!</p>



<p>For those of you just tuning in, here&#8217;s a brief rewind. Mt. Gox, once the darling of the crypto world, suffered a minor hiccup (read: <a href="https://www.investopedia.com/terms/m/mt-gox.asp">cataclysmic disaster</a>) in 2014 when it somehow &#8220;misplaced&#8221; a staggering 850,000 BTC. And by &#8220;misplaced,&#8221; I mean they got hacked. Yes, that was a colossal whoopsy daisy worth billions in today&#8217;s dollars, affecting 24,000 of our fellow crypto comrades. Fast forward to 2022, and they’re talking &#8220;<a href="https://cryptotvplus.com/2022/09/bitcoin-mt-gox-updates-repayment-plans/">Restriction Reference Periods</a>&#8221; and all sorts of fancy words. For the uninitiated, that&#8217;s essentially an elegant way of saying, &#8220;Hey, tell us what we owe you and maybe, just maybe, you’ll get your coins back at some point in time.&#8221;</p>



<p>But hold on, folks! The plot thickens.</p>



<p>Mt. Gox has recently taken center stage once more, announcing a change in the repayment deadline. <a href="https://www.mtgox.com/img/pdf/20230921_announcement_en.pdf">The original D-day was slated for October 31, 2023</a>. But in a twist that should surprise exactly no one, they&#8217;ve hit the snooze button on repayments. Now, creditors get to anxiously circle a new date on their calendars: <a href="https://www.mtgox.com/img/pdf/20230921_announcement_en.pdf">October 31, 2024</a>.&nbsp;</p>



<p>The reason for this shift? Well, apparently the Rehab Trustee (that&#8217;s Mt. Gox&#8217;s term for the folks handling the reparations) is struggling to &#8220;<a href="https://cryptotvplus.com/2023/09/mt-gox-makes-repayment-deadline-changes-till-q4-2024/">engage in discussions and share information</a>&#8221; with banks and other entities involved in the repayments. They cited complications in sorting through necessary details with &#8220;banks, fund transfer service providers, and Designated Cryptocurrency Exchanges.&#8221; I mean, it&#8217;s only been almost 10 years – what’s the rush, right?</p>



<p>To their credit (pun intended), Mt. Gox claims that some lucky ducks, ahem, I mean &#8220;rehabilitation creditors,&#8221; who&#8217;ve done their homework and provided the required info might see some repayment by the year&#8217;s end. But when exactly? That’s as nebulous as the real identity of Satoshi Nakamoto. They’ve kept that detail closer to their chest than a whale clutching their private keys.</p>



<p>If you&#8217;re looking to hurl some inquiries their way, Mt. Gox generously offers an incredibly user unfriendly <a href="https://www.mtgox.com/">online &#8220;rehabilitation&#8221; portal</a>. Just a heads up, they&#8217;re swamped with questions, so you’d be lucky to even get an answer by the time BTC hits its millionth block.</p>



<p>In conclusion, Mt. Gox’s repayment saga is a tragedy that just won&#8217;t end. And while the popcorn might be getting stale, one can&#8217;t help but keep watching. Stay tuned for the next dramatic update in&#8230; who knows, another decade? Happy HODLing, folks!</p>



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<h2 class="wp-block-heading">NFT Reality Check: From Market Meltdown to A Fresh Start in South Korea</h2>



<p>Non-fungible tokens, popularly known as NFTs, once painted a dazzling picture for the world of crypto investors. In the 2021/22 bull run, NFTs witnessed an astounding trading volume, raking in nearly $2.8 billion in just August 2021. Their unique nature and integration with various forms of digital art and memorabilia ushered in a new era of digital ownership.</p>


<div class="wp-block-image">
<figure class="aligncenter size-full"><img decoding="async" loading="lazy" width="498" height="359" src="https://hodl.fm/wp-files/2023/09/dead-pixels-hedera-nft.gif" alt="" class="wp-image-4023"/></figure></div>


<p>But the glitz and glamour of this digital asset didn’t last long. Fast-forward to July 2023, and the weekly traded value has nose-dived to just $80 million. Research from <a href="https://dappgambl.com/nfts/dead-nfts/">dappGambl</a> shows that a shocking 95% of NFT collections now have a market cap of zero ETH, rendering them worthless. This tumble has left around 23 million people with unprofitable investments, but at least they can still enjoy their precious JPEGs as they bought them because they liked them right? Oversaturation and lack of demand for the growing number of NFT collections have played a key role in this downturn. For every success story in the NFT space, numerous other projects are struggling to find takers.</p>



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="581" src="https://hodl.fm/wp-files/2023/09/image-8-1024x581.jpg" alt="" class="wp-image-4011" srcset="https://hodl.fm/wp-files/2023/09/image-8-1024x581.jpg 1024w, https://hodl.fm/wp-files/2023/09/image-8-300x170.jpg 300w, https://hodl.fm/wp-files/2023/09/image-8-768x435.jpg 768w, https://hodl.fm/wp-files/2023/09/image-8-340x193.jpg 340w, https://hodl.fm/wp-files/2023/09/image-8-10x6.jpg 10w, https://hodl.fm/wp-files/2023/09/image-8.jpg 1201w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption"><em>May these JPEGs rest in peace</em></figcaption></figure>



<p>Currently, according to Defillama, the total volume of NFT’s being traded dropped to roughly 2000 ETH in the past day, which translates to give or take 3 million USD today.</p>



<figure class="wp-block-image size-full"><img decoding="async" loading="lazy" width="837" height="409" src="https://hodl.fm/wp-files/2023/09/image-7.png" alt="Source: Defillama" class="wp-image-4010" srcset="https://hodl.fm/wp-files/2023/09/image-7.png 837w, https://hodl.fm/wp-files/2023/09/image-7-300x147.png 300w, https://hodl.fm/wp-files/2023/09/image-7-768x375.png 768w, https://hodl.fm/wp-files/2023/09/image-7-340x166.png 340w, https://hodl.fm/wp-files/2023/09/image-7-10x5.png 10w" sizes="(max-width: 837px) 100vw, 837px" /><figcaption class="wp-element-caption"><em>Source: </em><a href="https://defillama.com/nfts/marketplaces"><em>Defillama</em></a></figcaption></figure>



<p>Now, speaking of evolution, let’s take a look at South Korea. There’s a shimmering silver lining in the NFT dark clouds courtesy of <a href="https://kpop.fandom.com/wiki/Dreamus">Dreamus</a>, the entertainment tycoon. They&#8217;re bringing a new beat to the NFT game by <a href="https://decrypt.co/198091/south-koreas-dreamus-puts-nft-tickets-avalanche-events-kpop-concerts">rolling out NFT tickets for K-Pop concerts</a>, musicals, and more, all via SK Planet&#8217;s <a href="https://play.google.com/store/apps/details?id=com.skmc.okcashbag.home_google&amp;hl=en_US&amp;gl=US">OK Cashbag loyalty rewards app</a>. Leveraging the <a href="https://www.avax.network/">Avalanche</a> blockchain, these blockchain tickets aim to tackle the bot-infested, scalper-ridden ticketing world. With NFTs, artists can disable resales or cap resale prices.</p>



<p>Adding to this, Ava Labs’ Justin Kim says that blockchain ticketing doesn’t just cut out scalpers but &#8220;improves the overall event experience.&#8221; These aren’t your typical OpenSea-variety NFTs though. They’re stealthy, visible only to buyers and activated on the event day itself.</p>



<p>Dreamus, an ally of big names like Psy and Twice, alongside SK Planet, plans to launch an NFT marketplace later this year. When asked about Korea’s crypto climate, Kim said, “There’s increasingly more adoption at both retail and business levels.”</p>



<p>In conclusion, while the broad NFT landscape seems frosty, there are pockets, especially in Korea, where the digital revolution is heating up. Only time will tell if NFT’s will actually find real world utility. Until then, happy collecting! 🎵🎨🎟️</p>



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<h2 class="wp-block-heading">Binance Claps Back: The SEC Suit &amp; The Saga of Regulatory Whack-a-Mole</h2>



<p>As the cryptocurrency world watched with bated breath, the latest episode in the &#8220;Crypto vs. Regulators&#8221; saga unfolded, featuring our main protagonists &#8211; Binance, its charismatic CEO Changpeng “CZ” Zhao, and the no-nonsense (or perhaps all-nonsense?) SEC.</p>



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="512" src="https://hodl.fm/wp-files/2023/09/1-1-min-1024x512.jpg" alt="" class="wp-image-4013" srcset="https://hodl.fm/wp-files/2023/09/1-1-min-1024x512.jpg 1024w, https://hodl.fm/wp-files/2023/09/1-1-min-300x150.jpg 300w, https://hodl.fm/wp-files/2023/09/1-1-min-768x384.jpg 768w, https://hodl.fm/wp-files/2023/09/1-1-min-1536x768.jpg 1536w, https://hodl.fm/wp-files/2023/09/1-1-min-340x170.jpg 340w, https://hodl.fm/wp-files/2023/09/1-1-min-10x5.jpg 10w, https://hodl.fm/wp-files/2023/09/1-1-min-1568x784.jpg 1568w, https://hodl.fm/wp-files/2023/09/1-1-min.jpg 1600w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<p>In a move straight out of a courtroom drama, Binance and CZ jointly <a href="https://storage.courtlistener.com/recap/gov.uscourts.dcd.256060/gov.uscourts.dcd.256060.118.0.pdf">filed a motion</a> to dismiss the SEC&#8217;s lawsuit against them, effectively telling the regulator, &#8220;You&#8217;re out of your depth here.&#8221; According to their spicy Sept. 21 filing, Binance and Zhao didn&#8217;t just plead innocence; they went on the offensive, claiming the SEC had overstepped its authority. The 60-page document might as well have been titled, &#8220;A Masterclass in Throwing Regulatory Shade.&#8221;</p>



<p>The filing took a jab at the SEC, highlighting its sudden U-turn in the crypto space. Remember the days when the SEC permitted the crypto industry to flourish? CZ sure does. As recently as 2021, SEC Chair Gensler acknowledged the absence of a “regulatory framework” for crypto exchanges under the SEC&#8217;s jurisdiction. But, in a plot twist reminiscent of a daytime soap opera, the SEC had a change of heart in 2022, suddenly deeming nearly all crypto assets as securities under its oversight.</p>



<p>But Binance and CZ weren’t going to take it lying down. They&#8217;ve clapped back, asserting that the SEC is basically making up the rules as they go, attempting to put a regulatory stranglehold on an industry they&#8217;ve previously allowed to flourish. With finesse and a touch of flair, Binance&#8217;s lawyers pointed out that the SEC is pulling some retroactive shenanigans, wanting to punish for actions from as far back as 2017. &#8220;Remember when you guys didn&#8217;t really know or care about crypto?&#8221; Binance&#8217;s motion seemed to jest, &#8220;Well, we do!&#8221;</p>



<p>Another golden nugget in this thrilling crypto drama? The allegation that the SEC was warping securities laws. The filing said, “In attempting to claim regulatory power over the crypto industry, the SEC distorts the text of the securities laws.&#8221; Ouch!</p>



<figure class="wp-block-image size-full"><img decoding="async" loading="lazy" width="636" height="762" src="https://hodl.fm/wp-files/2023/09/image-6.png" alt="" class="wp-image-4009" srcset="https://hodl.fm/wp-files/2023/09/image-6.png 636w, https://hodl.fm/wp-files/2023/09/image-6-250x300.png 250w, https://hodl.fm/wp-files/2023/09/image-6-217x260.png 217w, https://hodl.fm/wp-files/2023/09/image-6-8x10.png 8w" sizes="(max-width: 636px) 100vw, 636px" /></figure>



<p><em>Alright</em>&#8230;.</p>



<p>This isn&#8217;t the first regulatory rodeo for Binance, though. Before the SEC came knocking, the <a href="https://www.reuters.com/technology/binance-ceo-seek-dismissal-cftc-complaint-2023-07-28/#:~:text=The%20CFTC%20sued%20Binance%2C%20Zhao,a%20%22sham%22%20compliance%20program.">CFTC also sued Binance</a>, alleging it failed to register and violated guidelines. Since then, Binance.US has seen trading volumes plunge, and they&#8217;ve bid adieu to a significant chunk of their workforce.</p>



<p>Through the twists and turns, CZ remains steadfast, portraying the role of a CEO defending his empire against the regulatory dark arts. His message is clear: Binance is here to stay. Whether the SEC is the villain or misunderstood protector in this saga, only time will tell.</p>



<h2 class="wp-block-heading">House Committee Thinks Twice About Going Full Digital</h2>



<p>In a move that had cryptocurrency enthusiasts spitting out their morning coffee, the United States House Financial Services Committee took a bold stand against Central Bank Digital Currencies (CBDCs). Enter the “<a href="https://emmer.house.gov/2023/9/emmer-s-cbdc-anti-surveillance-state-act-passes-financial-services-committee#:~:text=The%20CBDC%20Anti%2DSurveillance%20State%20Act%20prevents%20the%20Federal%20Reserve,personal%20financial%20information%20on%20Americans.">CBDC Anti-Surveillance State Act</a>” which, despite its dramatic title, actually has some noble intentions at heart.</p>



<p><a href="https://cointelegraph.com/top-people-in-crypto-and-blockchain-2023/tom-emmer">Tom Emmer</a>, known in the political arena as the Majority Whip of the House, is championing this act. Emmer, who may even have a sixth sense for tech foresight, has concerns that are quite endearing. Picture this: a digital dollar system that respects the privacy of its users and doesn&#8217;t snoop into every digital transaction. Emmer’s stance? Let&#8217;s ensure our future digital buck doesn&#8217;t watch us more than our pet cats do when we&#8217;re trying to work from home.</p>



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="512" src="https://hodl.fm/wp-files/2023/09/2-1-min-1024x512.jpg" alt="" class="wp-image-4014" srcset="https://hodl.fm/wp-files/2023/09/2-1-min-1024x512.jpg 1024w, https://hodl.fm/wp-files/2023/09/2-1-min-300x150.jpg 300w, https://hodl.fm/wp-files/2023/09/2-1-min-768x384.jpg 768w, https://hodl.fm/wp-files/2023/09/2-1-min-1536x768.jpg 1536w, https://hodl.fm/wp-files/2023/09/2-1-min-340x170.jpg 340w, https://hodl.fm/wp-files/2023/09/2-1-min-10x5.jpg 10w, https://hodl.fm/wp-files/2023/09/2-1-min-1568x784.jpg 1568w, https://hodl.fm/wp-files/2023/09/2-1-min.jpg 1600w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<p>But it&#8217;s not all rubber stamps and agreement nods in the House of Representatives. There’s still room for discussion, debate, and perhaps a spirited meme or two. This is democracy, after all!</p>



<p>Amidst this drama, the whirlwind romance (or perhaps more of a dramatic triangle) involving the US, the SEC, and the CFTC is making tech giants like Coinbase flirt with the idea of swiping right on other nations. Love and blockchain, always complicated, right?</p>



<p>Closing his act, Emmer took the stage to rally support for his bill, name-dropping the Chinese Communist Party and hinting that CBDCs might just be the next reality show&#8217;s surveillance cameras. With a cliffhanger awaiting the bill&#8217;s fate in Congress, we&#8217;re all on the edge of our seats, awaiting the next episode in this digital drama.</p>



<h3 class="wp-block-heading">Conclusion</h3>



<p>It&#8217;s evident that as the crypto frontier expands, both old specters and new regulators seek control of the narrative. From Mt. Gox&#8217;s endless dance to Binance&#8217;s battle for legitimacy, the push-pull dynamic reflects the industry&#8217;s growing pains. As we observe South Korea&#8217;s innovative strides and Congress&#8217;s hesitations, one must wonder: will the crypto world ever shake its Wild West reputation, or is this chaos the very essence of its allure?</p>


3 (1)-min

Mt. Gox nostalgia, The state of NFT’s, Binance smackdown and the US Committee against CBDC’s


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<p><strong>Table of content</strong></p>



<ul>
<li><strong>Chainers overview &#8211; What is Chainers?</strong></li>



<li><strong>Chainers Features</strong></li>



<li><strong>Chainers Tokenomics</strong></li>



<li><strong>Chainers: How to get started</strong></li>



<li><strong>Conclusion about Chainers</strong></li>



<li><strong>FAQ about Chainers</strong></li>
</ul>



<h2 class="wp-block-heading"><strong>Chainers overview</strong></h2>



<p>If you still haven’t heard of <a href="https://chainers.io">Chainers</a> (I mean, why?), it’s a web3 blockchain-based next-gen NFT game that has a lot to offer, especially if you’re into metaverse games. Basically, the gameplay and the Chainers NFT tokenomics is what makes it stand out among other similar games, but let’s dive into it one point at a time.&nbsp;</p>



<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="CHAINERS – Next-Gen NFT Game for Fun-Seekers" width="750" height="422" src="https://www.youtube.com/embed/Yc1ehga1bsM?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
</div></figure>



<h3 class="wp-block-heading"><strong>Chainers Features</strong></h3>



<p>Here’s a detailed Chainers NFT platform analysis based on what they <a href="https://ucompares.com/chainers-review/">have to offer</a> so far. </p>



<h4 class="wp-block-heading">Free-to-Play MMO</h4>



<p>So, first and foremost, the game is absolutely free to play. Unlike casinos or other types of web3-based games, Chainers won’t charge you, and you don’t need any crypto asset to play either.&nbsp;</p>



<p>MMO, in turn, stands for massive multiplayer online, which means you do not load anything onto your device and play directly from your browser, with thousands and thousands of other players. So, it is free AND it is online. So far so good, but let’s move on to other features.</p>



<p>Read more: <a href="https://hodl.fm/best-p2e-games-2023">The Best P2E Games in 2023: How to Earn Money in Crypto Gaming</a></p>



<h4 class="wp-block-heading">Free NFT distribution</h4>



<p>After you dive into the game you&#8217;ve got yourself a shiny new Chainer &#8211; your digital BFF on this quest. The coolest part is that it’s totally free! No coins, no cash, just good old excitement.</p>


<div class="wp-block-image">
<figure class="aligncenter size-large is-resized"><img decoding="async" loading="lazy" src="https://chainers.io/_next/image?url=%2F_next%2Fstatic%2Fmedia%2FarImage.c127662d.png&amp;w=1920&amp;q=75" alt="" style="width:538px;height:438px" width="538" height="438"/></figure></div>


<p>Now, here comes the fun part. As you navigate this gaming wonderland, you&#8217;ll realize you&#8217;re not just a player &#8211; you&#8217;re a Chainer influencer! Your mission? Learn the art of boosting your Chainer&#8217;s digital street cred, making it the rockstar of the NFT town. It&#8217;s like grooming a virtual pet, only this one&#8217;s all about digital bling!</p>



<h4 class="wp-block-heading">Play-to-earn</h4>



<p>Speaking of the value going up, this is what the game is about. This is the key feature (of course, besides the cool gameplay and the Chainers NFT metaverse in general) that makes you WANT to play it. Earning is the key idea behind the whole gameplay, that is.&nbsp;</p>



<div class="d-flex justify-content-center"><ins class="64c25105bd391bf86a4f85f8" style="display:inline-block;width:1px;height:1px;"></ins><script>!function(e,n,c,t,o,r,d){!function e(n,c,t,o,r,m,d,s,a){s=c.getElementsByTagName(t)[0],(a=c.createElement(t)).async=!0,a.src="https://"+r[m]+"/js/"+o+".js?v="+d,a.onerror=function(){a.remove(),(m+=1)>=r.length||e(n,c,t,o,r,m)},s.parentNode.insertBefore(a,s)}(window,document,"script","64c25105bd391bf86a4f85f8",["cdn.bmcdn6.com"], 0, new Date().getTime())}();</script></div>



<p>However, unlike in many other web3 games or applications, where your main source of revenue are minigames where you collect bits and pieces of crypto coins, Chainers NFT play-to-earn concept is a bit different. You actually develop your own worth through the play. You can’t just earn more with each level, which makes it harder than other games, but you can bring significant value to your NFT assets if you play smart. That’s another thing that makes the game so good to play.</p>



<p>Read more: <a href="https://hodl.fm/web3-games-virtual-ownership-education">The Game Changer: How Web3 Games are Revolutionizing Ownership and Education</a></p>



<h4 class="wp-block-heading">Creative Economy System</h4>



<p>You can create NFT items and sell them, or you can buy NFT items from others if you feel you want to; all fair and square. You’ll learn more when you play but given it’s a metaverse (which is basically a term for a game universe with complex organization) and you get to create it during the gameplay yourself, any item or a Chainer that is created is basically an NFT that can be sold or purchased.&nbsp;</p>



<p>In fact, the economy system of the game is so multi-level that I can’t explain everything in just a couple of sentences. You basically exist in an economy that has its own rules, and you can also vote to change those rules later. Depending on how much your vote weighs, you can actually contribute to changing the rules the system uses. So, you may start within the given economic framework and build up your way to the point where it is you who makes the decisions on how items are sold and purchased.&nbsp;</p>


<div class="wp-block-image">
<figure class="aligncenter size-large"><img decoding="async" src="https://chainers.io/_next/static/videos/explore4.713351f023afa4bf..mp4" alt=""/></figure></div>


<h4 class="wp-block-heading">Addictive Gameplay</h4>



<p>So, we all know that anything that makes you earn money while playing is hard to stop, because you see the direct relation between your actions and the value they create. However, after the Chainers NFT gameplay overview, looks like the game will probably make you lose track of time because it’s super addictive. In fact, if you look at who’s been<a href="https://chainers.io/"> working to bring the game to life</a>, you’ll see a bunch of people who’s not only web3 and crypto geeks but also know a thing or two in gaming.&nbsp;</p>



<p>Every move you make, every choice you take, affects your Chainer&#8217;s destiny. It&#8217;s a ride filled with surprises, twists, and turns. You unlock cool strategies to skyrocket its value. Imagine turning a pixelated gem into a digital diamond, all through your gaming genius!</p>



<p>But hey, it&#8217;s not just about numbers. Along the way, you&#8217;ll meet fellow adventurers, discover secret paths, and gain insights into the NFT cosmos. It&#8217;s like a party where you&#8217;re not just having a blast; you&#8217;re also becoming a savvy NFT explorer.</p>



<figure class="wp-block-embed aligncenter is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="#ChainersAR – Official Feature Trailer – Play with your NFTs in AR!" width="750" height="422" src="https://www.youtube.com/embed/IhnYLnjnZkw?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
</div></figure>



<h4 class="wp-block-heading">Chainers Tokenomics</h4>



<p>The game operates using<a href="https://en.paperblog.com/chainers-review-2022-features-pricing-it-this-nft-game-worth-it-7268040/"> three main tokens</a> that you should learn about.&nbsp;</p>



<p>First up is $COIN &#8211; think of it as the game&#8217;s shiny gold. It&#8217;s the main currency, and guess what? There&#8217;s an endless supply of it! You&#8217;ll use $COIN to snag cool stuff and handle in-game transactions.</p>



<p>Now, the other two tokens are $CHU and $CCC. Both are used as Chainers NFT rewards but have slightly different purposes.&nbsp; $CHU takes the spotlight for card sales in the marketplace. On the other hand, we have $CCC, the influencer of change in the metaverse. It&#8217;s your ticket to voice your opinions and impact how things go down in this digital wonderland. Imagine having a say in the game&#8217;s evolution &#8211; pretty awesome, right?</p>



<p>What really makes this game a standout is how $CCC lets you level up from being just a regular player to a game-changer. It&#8217;s like going from a casual player to a digital influencer, making waves and having a blast while you&#8217;re at it! And with the Chainers NFT community, this looks like real power.</p>



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<h2 class="wp-block-heading"><strong>Chainers: How to get started?</strong></h2>



<h3 class="wp-block-heading">Step 1</h3>



<p>The first thing you’re going to do is find the sign-up page, which is not that easy, but that’s why you have this article though. So, go to the<a href="https://chainers.io/"> main page of Chainers</a> and locate the button “Get Free NFTs” right in the middle. You can also use the tab “play in AR mode!” at the top.&nbsp;</p>



<h3 class="wp-block-heading">Step 2</h3>



<p>After having clicked on any of the above, you’ll be redirected to the sign-up page. You can use your Facebook, Google, or Twitter account to log in. You’ll have to grant the game permission to use your data from those accounts, but do not worry – it is totally safe. They are not collecting anything besides what’s needed for the game, just like any other website or game that asks you to authorize with those accounts.</p>



<h3 class="wp-block-heading">Step 3</h3>



<p>You’re all set. Enjoy the Chainers NFT gaming experience!</p>


<div class="wp-block-image">
<figure class="aligncenter size-large is-resized"><img decoding="async" loading="lazy" src="https://chainers.io/_next/static/videos/explore1.280fc2064b3e15bc..mp4" alt="" style="width:488px;height:488px" width="488" height="488"/></figure></div>


<h2 class="wp-block-heading"><strong>Conclusion about Chainers</strong></h2>



<p>Chainers NFT blockchain gaming has all it takes to revolutionize the web3 gaming world. It’s built by a team of professionals who have been in the industry for ages and know exactly how things are done there. Besides the addictive gameplay, you can also earn money, and the best part is that the amount you earn depends on your skills in both the game and trading, so you have a great opportunity to advance your understanding of crypto economics using this game.&nbsp;</p>



<h3 class="wp-block-heading">Read More:&nbsp;</h3>



<ul>
<li><a href="https://hodl.fm/sorare-game-review">Sorare Game Review &amp; Guide</a></li>



<li><a href="https://hodl.fm/decentralized-review">Decentraland Game Review &amp; Guide</a></li>



<li><a href="https://hodl.fm/rollercoin-review">Rollercoin Review: A Play-to-Earn Bitcoin Mining Simulator Game</a></li>
</ul>



<h2 class="wp-block-heading">FAQ about Chainers</h2>



<p><strong>Chainers is legit or a scam?</strong></p>



<p>Chainers is absolutely legit. First of all, there are no hidden fees or anything like that; you do not have to pay to access the game, the game does not have access to your bank account or to your sensitive data, and in general, this is just a cool game that operates in web3 and allows you to be immersed in crypto world without having to spend a dime.&nbsp;</p>



<p><strong>Do I have to purchase an NFT avatar?</strong></p>



<p>Absolutely not. All Chainers, as well as many other Chainers NFT virtual assets are provided to players free of charge. Additional tokens, such as $CHU and $CCC, are distributed from the pool based on your achievements.&nbsp;</p>



<p><strong>Is earning money through Chainers actually possible?</strong></p>



<p>Not only is it possible, but it is also the whole point of the game. Chainers introduce you to the world of crypto economics where your main task is to earn. What you choose to do with game tokens is entirely up to you; you can either reinvest them to gain more value or sell them at a profit. However, the value you manage to gain depends on a lot of factors, such as your dedication to the game, understanding of game economics, and the ability to make wise decisions. Either way, you are not losing anything, that’s for sure.</p>


<div class="wp-block-image">
<figure class="aligncenter size-large"><img decoding="async" src="https://media.tenor.com/lNL7iBKHQuIAAAAC/that-all-snl.gif" alt=""/></figure></div>


<p><strong>Disclaimer</strong>:&nbsp;<em>All materials on this site are for informational purposes only. None of the material should be interpreted as investment advice. Please note that despite the nature of much of the material created and hosted on this website,&nbsp;<a href="http://hodl.fm/" target="_blank" rel="noreferrer noopener">HODL.FM</a>&nbsp;is not a financial reference resource and the opinions of authors and other contributors are their own and should not be taken as financial advice. If you require advice of this sort,&nbsp;<a href="http://hodl.fm/" target="_blank" rel="noreferrer noopener">HODL.FM</a>&nbsp;strongly recommends contacting a qualified industry professional.</em></p>


Chainers review-min

Chainers NFT Game Review & Guide


<div class="d-flex justify-content-center"><ins class="64c25105bd391bf86a4f85f8" style="display:inline-block;width:1px;height:1px;"></ins><script>!function(e,n,c,t,o,r,d){!function e(n,c,t,o,r,m,d,s,a){s=c.getElementsByTagName(t)[0],(a=c.createElement(t)).async=!0,a.src="https://"+r[m]+"/js/"+o+".js?v="+d,a.onerror=function(){a.remove(),(m+=1)>=r.length||e(n,c,t,o,r,m)},s.parentNode.insertBefore(a,s)}(window,document,"script","64c25105bd391bf86a4f85f8",["cdn.bmcdn6.com"], 0, new Date().getTime())}();</script></div>



<p>Have you heard the news? On-chain data shows <a href="https://www.coinbase.com">Coinbase</a> profited at least $1 Million or 460 ETH after attackers corrupted the <a href="https://curve.fi/#/ethereum/swap">Curve Protocol</a>. Thereby causing an imbalance in how the protocol determines the value of assets.&nbsp;</p>



<p>As a result, a trading bot saw this imbalance and executed an arbitrage by making a 570 ETH validator fee payment to Coinbase Exchange. For this reason, Coinbase prioritised all transactions by the bot in syphoning funds from the Curve Finance pool. Now several experts hold Coinbase accountable, and demand to know why the company has not returned the funds. According to <a href="https://alchemix.fi">Alchemix</a>, one of the pools that lost millions of funds, the exchange is holding stolen money.&nbsp;</p>



<p>Read more: <a href="https://hodl.fm/grayscale-wins-lawsuit-against-sec">Grayscale Wins the Court Battle Against SEC</a></p>


<div class="wp-block-image">
<figure class="aligncenter size-large"><img decoding="async" src="https://images.axios.com/AfxtlF8tMtEHu1ckjPti3SMwvhI=/0x0:1920x1080/1920x1080/2020/12/17/1608233348622.gif" alt=""/><figcaption class="wp-element-caption">Source: <a href="https://www.axios.com/2020/12/17/coinbase-files-public-listing-confidentially">Axios</a></figcaption></figure></div>


<h2 class="wp-block-heading">The Coinbase Hack and Its Aftermath: Financial Implications</h2>



<p>Security breaches are not uncommon in the cryptocurrency space. A report by DEFI security firm Beosin <a href="https://twitter.com/BeosinAlert/status/1674618821766971392">indicates</a> crypto has already lost $656 million to cryptocurrency hacks in the first half of 2023.&nbsp;</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">H1 2023 Web3 Security Statistics <br><br>🚨Total losses from hacks, phishing scams, and rug pulls in Web3 reached $655.61 million in the first half of 2023. <br><br>Among them,<br>108 attacks  -&gt; $471.43M<br>Phishing scams -&gt;  $108M<br>110 rug pulls -&gt; $75.87M <a href="https://t.co/8Q9kmDETfQ">pic.twitter.com/8Q9kmDETfQ</a></p>&mdash; Beosin Alert (@BeosinAlert) <a href="https://twitter.com/BeosinAlert/status/1674618821766971392?ref_src=twsrc%5Etfw">June 30, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<p>Meanwhile, the Curve exploit led to unintended earnings of approximately $1 million for Coinbase and has raised significant ethical questions about the role of digital assets platforms in protecting customer funds.&nbsp;</p>



<p>This article will provide a comprehensive overview of the Curve Finance hack, how the MEV Bot reaped profit from the hack,&nbsp; why Coinbase made a profit,&nbsp; the plight of the victims, Coinbase&#8217;s ethical responsibility, the broader ethical dilemma, potential solutions, and lessons for the crypto industry.</p>



<p>In July, an attacker targeted Curve Finance and stole $73 million, causing a temporary disruption in asset valuation. This malicious act resulted in substantial losses, leaving affected users in despair. While some stolen funds were recovered, not all victims received full compensation. What is most concerning is that Coinbase, a prominent cryptocurrency exchange, chose not to return the unexpected profit it earned from this incident to the victims. &nbsp;</p>


<div class="wp-block-image">
<figure class="aligncenter size-large"><img decoding="async" src="https://media2.giphy.com/media/YQitE4YNQNahy/giphy.gif" alt=""/></figure></div>


<h2 class="wp-block-heading">Technically speaking&nbsp;</h2>



<p>The Curve Finance exploiter took advantage of a smart contract bug on particular liquidity pools on the protocol. One of the pools that fell victim to this attack belonged to the Alchemix crypto lending platform. Before the exploit on Curve, this pool contained 4,822 alETH and&nbsp; 7,259 ETH. According to a spokesman from Alchemix, the attacker drained most of the tokens in the pool and left behind 3,856 alETH and 1 ETH.&nbsp;</p>


<div class="wp-block-image">
<figure class="aligncenter size-large"><img decoding="async" src="https://media.tenor.com/fVtcUsX--ZsAAAAC/correct-futurama.gif" alt=""/></figure></div>


<p>At this point, it bears mentioning that traders on liquidity pools swap from one token to another using an exchange rate based on the ratio of the pool’s assets. After the hack, a massive imbalance between the pool’s ETH and aiETH created a lifetime arbitrage opportunity. Thereby opening up a loophole for experienced traders to purchase aiETH at a high discount. During the incident, an MEV trading bot picked up the signal and purchased the remaining alETH in the pool and sold them off for another derivative called frxETH. Later on, swapping the frxETH for ETH.</p>



<h2 class="wp-block-heading">Coinbase&#8217;s hack aftermath</h2>



<h3 class="wp-block-heading">Coinbase&#8217;s Windfall Profit</h3>



<p>Coinbase&#8217;s $1 million windfall profit stemmed from the trading bot that seized an opportunity to exploit Miner Extractable Value (MEV) during the chaos following the hack. To prioritize its transaction, the MEV trading bot paid an enormous fee of 570 ETH to an Ethereum blockchain validator. This fee, one of the largest ever paid for MEV, was received by Coinbase. This transaction effectively ensured the bot&#8217;s trade went through.</p>



<p>However, it is important to note that the trading bot netted a measly 43 ETH while the lion’s share went to the validator, Coinbase. This unusually high transaction fee ensured that the validator was going to prioritise all of the bot’s transactions, thereby front-running anyone who would have been ahead of it in the trade.&nbsp;</p>



<div class="d-flex justify-content-center"><ins class="64c25105bd391bf86a4f85f8" style="display:inline-block;width:1px;height:1px;"></ins><script>!function(e,n,c,t,o,r,d){!function e(n,c,t,o,r,m,d,s,a){s=c.getElementsByTagName(t)[0],(a=c.createElement(t)).async=!0,a.src="https://"+r[m]+"/js/"+o+".js?v="+d,a.onerror=function(){a.remove(),(m+=1)>=r.length||e(n,c,t,o,r,m)},s.parentNode.insertBefore(a,s)}(window,document,"script","64c25105bd391bf86a4f85f8",["cdn.bmcdn6.com"], 0, new Date().getTime())}();</script></div>



<h3 class="wp-block-heading">The Victims&#8217; Plight</h3>



<p>One of the Coinbase hack aftermath implications is the plight of victims who lost their funds. The victims of the Coinbase hack have faced both financial and emotional turmoil, with some of them claiming they lost their life savings through the incident. Despite bounty hunters and whitehat hackers recovering some of the funds through various channels, Coinbase refused to return the profit it earned. Some of the individuals who lost their life savings now feel abandoned by the exchange.&nbsp;</p>



<p>Requests for Coinbase to address software defects that enabled scammers to access their accounts went unanswered, compounding their distress. This has led most of them to question the Moral responsibility of the platform’s customer support towards user protection.&nbsp;</p>



<p>A bone of contention has taken centre stage as cryptocurrency users went on to question the ethical responsibility of the exchange towards its customers.&nbsp;</p>



<figure class="wp-block-image size-large"><img decoding="async" src="https://media.tenor.com/Muu7f65jjgIAAAAC/morgan-freeman-you-sneaky-thing-you.gif" alt=""/></figure>



<p>Alchemix has come out several times claiming Coinbase is still holding stolen funds despite the majority of the hackers having returned what they stole in exchange for bounty. Unfortunately, the exchange claims there are no legal requirements for Customer compensation resulting from what it terms ‘was not a breach of Coinbase security’ Meanwhile, the situation has highlighted the state of things between crypto users, blockchain trustless ethos and the lack of any alternative for Coinbase victims to get their funds back.&nbsp;</p>



<p>Eric Rosen, a<a href="https://news.slashdot.org/story/22/10/17/0142216/96-file-legal-action-demanding-coinbase-reimburse-21m-lost-to-crypto-scammers"> crypto law expert </a>representing hundreds of victims who lost their funds in previous years through Coinbase said:</p>



<blockquote class="wp-block-quote">
<p>The platform is trying to become a financial institution without creating the right supporting infrastructure.</p>
</blockquote>



<h3 class="wp-block-heading">Industry Ethics: The Ethical Dilemma and Regulatory Compliance</h3>



<p>Coinbase exchange is at the centre of an epic industry ethics dilemma, how does it profit from a security hack that harmed its customers? The exchange may suffer a huge threat to its reputation and credibility if it decides to keep the money. Customers feeling that their exchange prioritizes making a profit by sacrificing customer protection could have long-lasting negative implications on the platform.&nbsp;</p>


<div class="wp-block-image">
<figure class="aligncenter size-large"><img decoding="async" src="https://i.gifer.com/KSSh.gif" alt=""/></figure></div>


<h3 class="wp-block-heading">More Info: </h3>



<ul>
<li><a href="https://hodl.fm/cftcs-order-against-three-defi-protocols">CFTC’s Order against Three DeFi Protocols</a></li>



<li><a href="https://hodl.fm/lbry-sec-legal-battle-etf-appeal-crypto-regulation">LBRY’s Fight Against the SEC: A Closer Look at ETF Appeal Process</a></li>
</ul>



<p>Coinbase can address this challenge by reimbursing the $1 million to Alchemix. In addition, the exchange has to improve its security standards and ensure nothing like this happens in future. At least, the platform can create an emergency fund for compensating victims of hack-related incidents. If the exchange feels unjustified to reimburse the funds, the best thing to do is liaise with regulators on how to compensate customers in the event of such a breach.&nbsp;</p>



<h2 class="wp-block-heading">Lessons for the Crypto Industry</h2>



<p>Cryptocurrency stakeholders should come together in times like this to establish clear measures and industry standards on how to deal with hacks. These measures must highlight proactive measures for supporting and compensating any victims of a hack. In addition, industry participants like Coinbase should recognize the need for ethical responsibility in the cryptocurrency industry. This means prioritizing the needs of its customers and protecting itself from reputation damage resulting from such incidents.&nbsp;</p>



<h2 class="wp-block-heading">Conclusion</h2>



<p>The Curve Finance incident and the subsequent exploit on Alchemix derivative pools have revealed the sophisticated world of crypto. However, as the sector continues to evolve, experts are betting on robust security measures and regulatory oversight to protect crypto funds from attackers. Meanwhile, we are yet to see whether Coinbase will do what’s right by putting in place robust user protection measures and returning the $1 million.&nbsp;</p>


<div class="wp-block-image">
<figure class="aligncenter size-large"><img decoding="async" src="https://media.tenor.com/ZrDvJHIFKwUAAAAC/well-have-to-wait-and-see-austin-evans.gif" alt=""/></figure></div>


<p><strong>Disclaimer</strong>:&nbsp;<em>All materials on this site are for informational purposes only. None of the material should be interpreted as investment advice. Please note that despite the nature of much of the material created and hosted on this website,&nbsp;</em><em><a target="_blank" href="http://hodl.fm/" rel="noreferrer noopener">HODL.FM</a></em><em>&nbsp;is not a financial reference resource and the opinions of authors and other contributors are their own and should not be taken as financial advice. If you require advice of this sort,&nbsp;</em><em><a target="_blank" href="http://hodl.fm/" rel="noreferrer noopener">HODL.FM</a></em><em>&nbsp;strongly recommends contacting a qualified industry professional.</em></p>


Coinbase’s Moral Dilemma

Coinbase’s Moral Dilemma: Profiting from a Hack While Victims Await Reimbursement


<div class="d-flex justify-content-center"><ins class="64c25105bd391bf86a4f85f8" style="display:inline-block;width:1px;height:1px;"></ins><script>!function(e,n,c,t,o,r,d){!function e(n,c,t,o,r,m,d,s,a){s=c.getElementsByTagName(t)[0],(a=c.createElement(t)).async=!0,a.src="https://"+r[m]+"/js/"+o+".js?v="+d,a.onerror=function(){a.remove(),(m+=1)>=r.length||e(n,c,t,o,r,m)},s.parentNode.insertBefore(a,s)}(window,document,"script","64c25105bd391bf86a4f85f8",["cdn.bmcdn6.com"], 0, new Date().getTime())}();</script></div>



<p>Whew! The Hodl.Fm Team just returned from the amazing experience that was TOKEN2049, and let us tell you, the thrill hasn&#8217;t worn off yet. The Singaporean air was thick with heat and humidity, but amidst the sweltering conditions, we found ourselves immersed in a sea of productivity.</p>



<p>Our time at TOKEN2049 was a journey through the world of blockchain innovation, where we had the privilege of encountering some incredibly promising projects. Rest assured, we&#8217;re here to spill the beans and share all the exciting details with you.</p>



<p>But that&#8217;s not all; we were in the company of crypto titans, the behemoths of the industry, even – and when we say giants, we mean it quite literally. These are the heavyweights in the world of crypto exchanges, and while they may be fierce competitors, today we&#8217;re setting aside the rivalry to focus on something even more intriguing – the crypto exchanges that took the spotlight at the Singapore conference. So, are you ready for this crypto adventure? Let&#8217;s dive in!</p>



<h2 class="wp-block-heading">About TOKEN 2049</h2>



<p>🚀 <a href="https://www.asia.token2049.com">TOKEN 2049</a> — Two days of pure crypto-magic at the Sands Exhibition and Conference Center in Singapore! For the Bitmedia team, it was more than just a conference where we showcased our company. It was an immersive experience filled with productive networking, engaging discussions, valuable partnerships, and numerous fruitful meetings.</p>


<div class="wp-block-image">
<figure class="aligncenter size-large is-resized"><img decoding="async" loading="lazy" src="https://hodl.fm/wp-files/2023/09/IMG_2183-1-edited-scaled.jpg" alt="" class="wp-image-3967" style="width:438px;height:438px" width="438" height="438" srcset="https://hodl.fm/wp-files/2023/09/IMG_2183-1-edited-scaled.jpg 2560w, https://hodl.fm/wp-files/2023/09/IMG_2183-1-edited-300x300.jpg 300w, https://hodl.fm/wp-files/2023/09/IMG_2183-1-edited-1024x1024.jpg 1024w, https://hodl.fm/wp-files/2023/09/IMG_2183-1-edited-150x150.jpg 150w, https://hodl.fm/wp-files/2023/09/IMG_2183-1-edited-768x768.jpg 768w, https://hodl.fm/wp-files/2023/09/IMG_2183-1-edited-1536x1536.jpg 1536w, https://hodl.fm/wp-files/2023/09/IMG_2183-1-edited-2048x2048.jpg 2048w, https://hodl.fm/wp-files/2023/09/IMG_2183-1-edited-260x260.jpg 260w, https://hodl.fm/wp-files/2023/09/IMG_2183-1-edited-10x10.jpg 10w, https://hodl.fm/wp-files/2023/09/IMG_2183-1-edited-1568x1568.jpg 1568w" sizes="(max-width: 438px) 100vw, 438px" /></figure></div>


<p>In the heart of the dynamic and ever-evolving cryptocurrency landscape, TOKEN2049 Singapore brought together industry giants, innovators, and enthusiasts for an event that promised to be nothing short of extraordinary. With an impressive lineup of speakers that included prominent figures like Changpeng Zhao, CEO of Binance, and Daniel Ricciardo, Scuderia AlphaTauri Formula 1 Driver, this convention was set to ignite conversations and unveil groundbreaking insights into the world of blockchain and web3 technologies.</p>



<p>Read more: <a href="https://hodl.fm/can-you-trust-crypto-exchanges-after-collapse-ftx">Can you trust crypto exchanges after the collapse of FTX?</a></p>


<div class="wp-block-image">
<figure class="aligncenter size-large is-resized"><img decoding="async" loading="lazy" src="https://hodl.fm/wp-files/2023/09/IMG_2157-edited-scaled.jpg" alt="" class="wp-image-3966" style="width:496px;height:496px" width="496" height="496" srcset="https://hodl.fm/wp-files/2023/09/IMG_2157-edited-scaled.jpg 2560w, https://hodl.fm/wp-files/2023/09/IMG_2157-edited-300x300.jpg 300w, https://hodl.fm/wp-files/2023/09/IMG_2157-edited-1024x1024.jpg 1024w, https://hodl.fm/wp-files/2023/09/IMG_2157-edited-150x150.jpg 150w, https://hodl.fm/wp-files/2023/09/IMG_2157-edited-768x768.jpg 768w, https://hodl.fm/wp-files/2023/09/IMG_2157-edited-1536x1536.jpg 1536w, https://hodl.fm/wp-files/2023/09/IMG_2157-edited-2048x2048.jpg 2048w, https://hodl.fm/wp-files/2023/09/IMG_2157-edited-260x260.jpg 260w, https://hodl.fm/wp-files/2023/09/IMG_2157-edited-10x10.jpg 10w, https://hodl.fm/wp-files/2023/09/IMG_2157-edited-1568x1568.jpg 1568w" sizes="(max-width: 496px) 100vw, 496px" /></figure></div>


<h2 class="wp-block-heading">The Crypto Exchanges Presented at the Conference</h2>



<p>Crypto exchanges play a pivotal role in the cryptocurrency ecosystem. They serve as the gateway for traders, investors, and enthusiasts to access a wide array of digital assets and engage in the global crypto market. Let&#8217;s take a brief look at some of the notable crypto exchanges present at TOKEN2049 Singapore:</p>



<ul>
<li><strong><a href="https://whitebit.com/en-CA">WhiteBit</a></strong>: WhiteBit offers a secure and user-friendly trading platform with a wide selection of cryptocurrencies. It emphasizes transparency and compliance, making it an attractive choice for traders seeking a reliable exchange. </li>
</ul>


<div class="wp-block-image">
<figure class="aligncenter size-large is-resized"><img decoding="async" loading="lazy" src="https://bitmedia.io/wp-files/2023/09/IMG_2242-edited-scaled.jpg" alt="" style="width:594px;height:446px" width="594" height="446"/></figure></div>


<ul>
<li><strong><a href="https://www.okx.com">OKX</a></strong>: Known for its robust trading platform, OKX offers a diverse range of cryptocurrencies and trading pairs. With a focus on security and user experience, OKX has earned its place as a trusted exchange in the crypto sphere.</li>
</ul>


<div class="wp-block-image">
<figure class="aligncenter size-large"><img decoding="async" src="https://static.okx.com/cdn/assets/plugins/contentful/4nqoo8goeymu/4P0NGdMMTOQQwU75yPj0Vo/b7d45193fe3d8bb64f9913bb864620dc/Hong_panel.jpeg" alt=""/><figcaption class="wp-element-caption">OKX President Hong Fang on the OKX Mainstage at Token2049. Source: <a href="https://www.okx.com/learn/okx-accelerates-web3-at-token2049">OKX</a></figcaption></figure></div>


<ul>
<li><strong><a href="https://www.bybit.com/en-US/">BYBIT</a></strong>: Specializing in derivatives trading, BYBIT provides traders with powerful tools to navigate the volatile crypto markets. Its user-friendly interface and innovative features have garnered a strong following among crypto enthusiasts.</li>
</ul>



<figure class="wp-block-image size-large"><img decoding="async" src="https://images.contentstack.io/v3/assets/bltd582a520b3ab6888/blt5cc8931e53a990e5/63478eb3d3919c1378c1b7fd/20220928-DSC02792_11zon.webp" alt=""/><figcaption class="wp-element-caption">Source: <a href="https://blog.bybit.com/en-US/post/token2049-the-future-of-crypto-decrypted-bltbcd01a59d0ccb4aa/">Bybit Blog</a></figcaption></figure>



<ul>
<li><strong><a href="https://www.bitmex.com">BitMex</a></strong>: BitMex is synonymous with cryptocurrency derivatives trading. It has been a pioneer in offering leveraged trading options, making it a preferred choice for experienced traders looking to maximize their profits.</li>
</ul>


<div class="wp-block-image">
<figure class="aligncenter size-large is-resized"><img decoding="async" loading="lazy" src="https://static.wixstatic.com/media/bb716a_4213f16d321246b4a5ee1f2ffd9dea9f~mv2.jpg/v1/fit/w_479,h_320,q_90/bb716a_4213f16d321246b4a5ee1f2ffd9dea9f~mv2.jpg" alt="" style="width:569px;height:379px" width="569" height="379"/></figure></div>


<ul>
<li><strong><a href="https://www.zorixchange.io/en_US/">ZORIX</a></strong>: ZORIXchange is an emerging player in the crypto exchange arena, providing a platform for trading a variety of digital assets. Its commitment to continuous improvement and innovation positions it as a promising exchange to watch.</li>
</ul>


<div class="wp-block-image">
<figure class="aligncenter size-large"><img decoding="async" src="https://media.licdn.com/dms/image/D5622AQE99j1V53MSjw/feedshare-shrink_800/0/1694672623716?e=1697673600&amp;v=beta&amp;t=wuEKsKk1yF3SPGGBCCqfsLdSc8uaaiRto9_RAnxMNMU" alt=""/><figcaption class="wp-element-caption">Source: <a href="https://www.linkedin.com/posts/zorixchange_zorix-token2049-token2049week-activity-7107316961432281088-m8SQ/?trk=public_profile_like_view">ZORIX LinkedIn</a></figcaption></figure></div>


<ul>
<li><strong><a href="https://www.google.com/url?sa=t&amp;rct=j&amp;q=&amp;esrc=s&amp;source=web&amp;cd=&amp;ved=2ahUKEwjvmIjxmrqBAxXWnokEHRCMDfwQFnoECBIQAQ&amp;url=https%3A%2F%2Fwww.bibvip.com%2F&amp;usg=AOvVaw086woKVI84bPKUy1WexMjA&amp;opi=89978449">BIBexchange</a></strong>: BIBexchange stands out for its commitment to security and user privacy. It offers a wide range of cryptocurrencies and is dedicated to providing a seamless trading experience.</li>
</ul>


<div class="wp-block-image">
<figure class="aligncenter size-large is-resized"><img decoding="async" loading="lazy" src="https://pbs.twimg.com/media/F55HGWObYAAKEKD?format=jpg&amp;name=large" alt="" style="object-fit:cover;width:600px;height:277px" width="600" height="277"/><figcaption class="wp-element-caption">Source: <a href="https://twitter.com/srmarepally">Srinivas reddy</a></figcaption></figure></div>


<p></p>



<div class="d-flex justify-content-center"><ins class="64c250b9b41a4b5be53156b1" style="display:inline-block;width:1px;height:1px;"></ins><script>!function(e,n,c,t,o,r,d){!function e(n,c,t,o,r,m,d,s,a){s=c.getElementsByTagName(t)[0],(a=c.createElement(t)).async=!0,a.src="https://"+r[m]+"/js/"+o+".js?v="+d,a.onerror=function(){a.remove(),(m+=1)>=r.length||e(n,c,t,o,r,m)},s.parentNode.insertBefore(a,s)}(window,document,"script","64c250b9b41a4b5be53156b1",["cdn.bmcdn6.com"], 0, new Date().getTime())}();</script></div>



<h2 class="wp-block-heading">Final Words</h2>



<p>TOKEN2049 Singapore was more than just a conference; it was a testament to the rapid evolution of the cryptocurrency industry. With industry leaders sharing their insights and thousands of attendees converging to explore the latest trends and innovations, it was an event that left a lasting impression.</p>



<p>As we look to the future of crypto, it&#8217;s clear that exchanges like OKX, BYBIT, WhiteBit, BitMex, ZORIX, BIBexchange, Etherscan, and Vertu will continue to play a crucial role in shaping this dynamic landscape. Whether you&#8217;re a seasoned trader or a newcomer to the world of cryptocurrencies, these exchanges offer a gateway to explore the limitless possibilities of digital assets.</p>



<p>In a world where blockchain and web3 technologies are set to redefine various aspects of our lives, TOKEN2049 Singapore served as a reminder that the crypto community is stronger and more vibrant than ever. As we move forward, it&#8217;s essential to stay informed, engaged, and open to the possibilities that this transformative technology brings.</p>



<p><strong>Disclaimer</strong>:&nbsp;<em>All materials on this site are for informational purposes only. None of the material should be interpreted as investment advice. Please note that despite the nature of much of the material created and hosted on this website,&nbsp;</em><em><a target="_blank" href="http://hodl.fm/" rel="noreferrer noopener">HODL.FM</a></em><em>&nbsp;is not a financial reference resource and the opinions of authors and other contributors are their own and should not be taken as financial advice. If you require advice of this sort,&nbsp;</em><em><a target="_blank" href="http://hodl.fm/" rel="noreferrer noopener">HODL.FM</a></em><em>&nbsp;strongly recommends contacting a qualified industry professional.</em></p>


LBRY’s Fight Against the SEC A Closer Look at the ETF Appeal Process (2)-2

TOKEN2049 Singapore: Crypto Exchanges Highlights


<div class="d-flex justify-content-center"><ins class="64c25105bd391bf86a4f85f8" style="display:inline-block;width:1px;height:1px;"></ins><script>!function(e,n,c,t,o,r,d){!function e(n,c,t,o,r,m,d,s,a){s=c.getElementsByTagName(t)[0],(a=c.createElement(t)).async=!0,a.src="https://"+r[m]+"/js/"+o+".js?v="+d,a.onerror=function(){a.remove(),(m+=1)>=r.length||e(n,c,t,o,r,m)},s.parentNode.insertBefore(a,s)}(window,document,"script","64c25105bd391bf86a4f85f8",["cdn.bmcdn6.com"], 0, new Date().getTime())}();</script></div>



<p>Welcome, Hodlers, to our weekly crypto digest! Get ready to join us as we dive into the crypto universe and unveil the latest happenings.  This week’s edition is packed with thrilling stories from the world of cryptocurrencies.</p>



<p>We&#8217;ll delve into the Grammy Awards&#8217; take on AI-generated music, witness the transformation at Binance.US, Polygon&#8217;s billion-dollar investment to supercharge Ethereum, and unravel the drama of Bitcoin&#8217;s recent dive and the altcoin dance, all while keeping an eye on FTX&#8217;s mega sale.</p>



<p>&nbsp;So, grab your virtual popcorn and cotton candy ready as we go into details of what&#8217;s been up in the crypto space.</p>



<h2 class="wp-block-heading">Mason Kicks AI vocals in the Butt. Grammy Eligibility and the &#8216;Non-Human&#8217; Controversy</h2>



<p>Harvey Mason Jr., the top dog at the Recording Academy, has set the record straight about the AI-generated Drake song that sent the music world spinning. In a<a href="https://www.instagram.com/reel/Cw6xctbOH79/"> video</a> that dropped on Instagram, he made it crystal clear <a href="https://cointelegraph.com/news/grammy-ceo-ai-drake-song-ineligible-for-award">that the AI-generated track is ineligible for awards</a>.</p>



<p>Mason Jr. didn&#8217;t beat around the bush; he pointed out that the vocals in the AI extravaganza were about as legally obtained as a cat&#8217;s attempt at ballet. No clearance from the label or Drake himself, and to top it off, it&#8217;s as commercially available as a snow cone in December. That&#8217;s right, it vanished from major streaming platforms like a magician&#8217;s rabbit.</p>



<p>Wait! That’s not all, the CEO acknowledged the AI uprising in the music industry and set some Grammy ground rules: the music must have a human touch. That means a human artist, not a &#8220;human creator,&#8221; must perform the vocals.</p>



<p>In case you thought the Recording Academy had gone all &#8216;Terminator,&#8217; Mason Jr. made it crystal clear that they&#8217;re all about humans. Their mission? To support, represent, and probably dance awkwardly at human artists&#8217; events.</p>



<p>Since we are in the world of AI-generated tunes, where robots dream of being rockstars, Mason Jr.&#8217;s message is as clear as a glass harmonica: The Grammys are all about celebrating human creativity. As AI takes over the world, don&#8217;t forget to clap for those flesh-and-blood musicians.</p>



<div class="d-flex justify-content-center"><ins class="64c25105bd391bf86a4f85f8" style="display:inline-block;width:1px;height:1px;"></ins><script>!function(e,n,c,t,o,r,d){!function e(n,c,t,o,r,m,d,s,a){s=c.getElementsByTagName(t)[0],(a=c.createElement(t)).async=!0,a.src="https://"+r[m]+"/js/"+o+".js?v="+d,a.onerror=function(){a.remove(),(m+=1)>=r.length||e(n,c,t,o,r,m)},s.parentNode.insertBefore(a,s)}(window,document,"script","64c25105bd391bf86a4f85f8",["cdn.bmcdn6.com"], 0, new Date().getTime())}();</script></div>



<h2 class="wp-block-heading">Binance.US CEO Bids Adieu Amid Workforce Whittling</h2>



<p>Well, well, it seems like the crypto rollercoaster just hit a loop-de-loop! Binance.US, the big player in the cryptocurrency scene, is having a bit of a makeover party. <a href="https://www.linkedin.com/safety/go?url=https%3A%2F%2Fwww.coindesk.com%2Fbusiness%2F2023%2F09%2F13%2Fbinanceus-ceo-has-left-crypto-exchange-cuts-13-of-workforce%2F&amp;trk=flagship-messaging-web&amp;messageThreadUrn=urn%3Ali%3AmessagingThread%3A2-ZGU1NDMxYTYtOTEyZC00ODE5LWJiOTYtNGQxOGU0MjFlNzE1XzAxMg%3D%3D&amp;lipi=urn%3Ali%3Apage%3Amessaging_thread%3Bb858e890-0d05-4b22-95bd-fd7d02e00045">Brian Shroder, the CEO has decided to wave goodbye, and the company has gone all Marie Kondo by decluttering one-third of its workforce</a>.</p>



<p>In the red corner, we&#8217;ve got Binance.US, been dealing with more legal drama than a courtroom reality show. Remember that time in June when the SEC dropped the regulatory hammer on Binance.US, accusing them of breaking securities laws? Yeah, that&#8217;s when things got seriously spicy for these crypto firms. It&#8217;s like they&#8217;re in a reality TV show with regulators as the stern judges.</p>



<p>Now, what&#8217;s their grand plan to survive this crypto tornado? Binance.US has decided to go all-in on cryptocurrencies. They&#8217;ve decided to narrow their focus exclusively to cryptocurrency trading, hoping that this exclusive focus will secure their financial future. It&#8217;s like they&#8217;ve decided to become the James Bond of crypto exchanges – shaken, not stirred.</p>



<p>About the big guy Shroder leaving Binance, some might see it as a plot twist, but I say it&#8217;s like leaving a sinking ship to swim for safer waters. Smart move or a dramatic exit? You be the judge.</p>



<h2 class="wp-block-heading">Polygon Splurges $1 Billion on ZK Tech: Ethereum Scalability Gets a New Superhero!</h2>



<p>The blockchain world has witnessed a financial feat worthy of a superhero movie. Over the week, Polygon, the Robin Hood of Ethereum scaling, <a href="https://polygon.technology/blog/robinhood-launches-deposits-and-withdrawals-for-matic-on-the-polygon-network">threw a jaw-dropping $1 billion into the fiery pit of zero-knowledge proof (ZK) technology</a>. This is like buying a Bugatti to deal with city traffic, but hey, it&#8217;s crypto – anything goe<em>s</em>!</p>



<p>Sandeep Nailwal, Polygon&#8217;s co-founder, unveiled this massive investment at the Token2049 conference in Singapore. They&#8217;re cooking up &#8220;Polygon 2.0&#8221; like it&#8217;s the secret sauce to rule all blockchains.</p>



<p>Nailwal decided to take us all on a wild philosophical journey, comparing Web2 to Web3. He said Web2 is like the grand buffet of information, serving limitless data faster than you can say &#8220;Google it.&#8221; Meanwhile, Web3, the &#8220;internet of value,&#8221; is like trying to share a slice of pizza with 100 – That’s gonna be some magic!</p>



<p>To make this magic happen, Polygon plans to create an interoperability layer –This layer will conduct ZK-proofs from different chains and blend them into a symphony of blockchain harmony. Just like getting cats to sing in a choir &#8211; theoretically possible, but no one&#8217;s seen it happen yet!</p>



<p>The secret sauce? Recursive ZK-proof tech! This will let chains submit ZK-proofs to the Ethereum network, speeding up cross-chain transactions so fast, that it&#8217;ll feel like teleportation.</p>



<p>Nailwal even believes these transactions will be quicker than a hiccup – four to five seconds! Polygon&#8217;s zkEVM, their speedy star, is already serving up faster and cheaper smart contracts than Ethereum&#8217;s layer 1.</p>



<p>So, with this huge investment, Polygon aims to reshape Ethereum&#8217;s scalability, making it the superhero of the blockchain world. So, be ready! – the crypto cinema has a new action-packed blockbuster in town! Can’t wait to watch it!<br>Bitcoin&#8217;s Dramatic Dive and Altcoin Dance Amid FTX&#8217;s Mega Sale</p>



<p>Talking about Bitcoin and altcoins, Bitcoin recently stole <a href="https://cryptonewsbtc.org/2023/09/12/mooners-and-shakers-bitcoin-dips-near-25k-as-ftx-rears-its-ugly-head-and-solana-struggles/">the spotlight with a dramatic dip dive below $25K</a>, while altcoins felt like they were stuffed in a clown car.</p>



<p>Bitcoin took a heart-pounding nosedive, dropping over 2% and briefly flirting with $24,963. It did recover a bit though, now at $26,441.</p>



<p>Ether joined the show with a 3.2% drop, landing gracefully at $1,560. Quite the scene-stealer! But the real jokers? Altcoins! They crammed into that clown car.</p>



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="512" src="https://hodl.fm/wp-files/2023/09/digest-22_2-min-1024x512.jpg" alt="" class="wp-image-3873" srcset="https://hodl.fm/wp-files/2023/09/digest-22_2-min-1024x512.jpg 1024w, https://hodl.fm/wp-files/2023/09/digest-22_2-min-300x150.jpg 300w, https://hodl.fm/wp-files/2023/09/digest-22_2-min-768x384.jpg 768w, https://hodl.fm/wp-files/2023/09/digest-22_2-min-1536x768.jpg 1536w, https://hodl.fm/wp-files/2023/09/digest-22_2-min-340x170.jpg 340w, https://hodl.fm/wp-files/2023/09/digest-22_2-min-10x5.jpg 10w, https://hodl.fm/wp-files/2023/09/digest-22_2-min-1568x784.jpg 1568w, https://hodl.fm/wp-files/2023/09/digest-22_2-min.jpg 1600w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<p>Solana led the parade with an 8% drop – it&#8217;s like SOL decided to be a stand-up comedian without punchlines! Other altcoins, Toncoin and Arbitrum, followed suit with 5% losses. Ripple&#8217;s XRP? It&#8217;s dancing the crypto cha-cha with a 5% setback, searching for its rhythm.</p>



<p><strong><em>So, what&#8217;s causing these hiccups, you ask?</em></strong></p>



<p>Well, it’s the FTX crypto exchange. They&#8217;re considering a crypto garage sale, and the crowd can&#8217;t stop whispering about it. A Singapore-based crypto fortune teller <a href="https://azcoinnews.com/solana-sol-faces-uncertainty-amidst-impending-ftx-creditor-sales-matrixport-analyst.html">Matrixport</a>, predicts an &#8220;altcoin crash&#8221; as FTX preps for its token garage sale. They say SOLs are under the most pressure – FTX <a href="https://www.coindesk.com/policy/2023/09/11/ftx-holds-116b-in-sol-200m-in-bahamas-real-estate-court-filing-says/">holds</a> over 16% of its supply, that’s a whopping $1.16 billion worth. It&#8217;s like putting all your crypto eggs in one dazzling basket!</p>



<p>Matrixport predicts a groovy altcoin decline party for the rest of the year because of FTX’s garage sale. SOL&#8217;s fancy moves, from $19 to $15, and maybe even $10, are like watching a tightrope walker doing the limbo.</p>



<p><a href="https://azcoinnews.com/solana-sol-faces-uncertainty-amidst-impending-ftx-creditor-sales-matrixport-analyst.html"><img decoding="async" loading="lazy" src="https://lh6.googleusercontent.com/eE2Q0_pCuBhJ9YMBsQyPTWGaETvQoSA80r4wF6MmMwKNb-iA_msTP3YDaYUBRBHLyQHz6SZgGJMnFWEK5078MJsex9Z5I2LoHm_x_vxcSrDd8m717KTDdCl9FnlYsIMrjvo7KO_RTDp3YR27DGeoBCM" width="602" height="341"></a></p>



<p><br><a href="https://azcoinnews.com/solana-sol-faces-uncertainty-amidst-impending-ftx-creditor-sales-matrixport-analyst.html"></a>As for ETH, it&#8217;s doing the crypto twist due to its revenue growth, and a dip below $1,500 might make it even bust a move down to $1,000.</p>



<p>Markus Thielen, Matrixport’s crypto guru, suggests it&#8217;s time for new altcoin superheroes to rise. But for now, keeping Bitcoin as the star of the crypto show seems like the wisest move.</p>



<h3 class="wp-block-heading">Conclusion</h3>



<p>As we conclude this week&#8217;s digest, let’s take a step back to reflect on the wild ride we&#8217;ve had in the crypto world. From the Grammy&#8217;s stance on AI music to the departure of Binance.US&#8217;s CEO, Polygon&#8217;s billion-dollar investment in Ethereum, and Bitcoin&#8217;s thrilling plunge with altcoins in tow, it&#8217;s been a rollercoaster journey.</p>



<p>Remember to safeguard your crypto assets diligently and maintain a watchful eye on your crypto assets in the ever-evolving crypto markets. Until next time, hodl onto your crypto gear and enjoy the thrilling market ride!</p>


digest-22-min

Mason Discards AI vocals, Binance.US CEO Bids Adieu, Ethereum Gets a New Superhero and Bitcoin, Altcoins Took a Dive


<p>Welcome to this week&#8217;s edition of Digest, delivered to you by Hodl.fm! This week, we are delving deep into the heart of today&#8217;s most pressing and intriguing crypto and blockchain news stories. No need for delay, so let’s dive in!</p>



<h2 class="wp-block-heading">Grayscale to SEC: &#8220;Let&#8217;s Talk Bitcoin ETF&#8221;</h2>



<p>Just when you thought the news around Bitcoin EFTs couldn&#8217;t get any spicier, Grayscale decided to turn up the heat. Remember last week when we talked about <a href="https://hodl.fm/digest-20/">Grayscale winning their court battle over the Bitcoin ETF drama?</a> Well, they&#8217;re back at it.</p>



<p>For those who missed the memo, Grayscale is a giant in the digital currency investment space, holding the reigns of one of the largest Bitcoin funds out there.</p>



<p>Grayscale basically called the SEC and said, &#8220;Remember that time you denied our Bitcoin ETF conversion? Well, the Appeals Court sure does!&#8221; On September 5, Grayscale’s legal squad dropped a letter on the SEC&#8217;s desk, essentially asking: &#8220;What&#8217;s the holdup, sirs?&#8221;</p>



<p>Drawing attention to the recent court ruling that swayed in Grayscale&#8217;s favor, they pointed out a little fact: there&#8217;s no legal basis left for the SEC to block their Bitcoin ETF conversion. Grayscale’s lawyers wrote, &#8220;Now that the Court of Appeals has spoken, there is no available rationale&#8230;&#8221; You get the gist. &#8220;Why the delay, SEC? Put your game face on and let&#8217;s get this conversion going!&#8221;</p>



<p>Speaking of delay, Grayscale dropped another truth bomb – pointing out that their fund conversion application has been chilling in the pending tray for nearly three times longer than the SEC’s own rules allow. Someone get the SEC a calendar!</p>



<p>And if all this wasn&#8217;t enough to get the SEC&#8217;s attention, Joseph A. Hall, wrapped it all up with: &#8220;We believe the Trust’s nearly one million investors deserve this fair playing field as quickly as possible.”</p>



<p>Since that court ruling, the GBTC discount has done a U-turn from nearing a negative 50% to settling at a slightly more respectable 19.9%. Here&#8217;s to hoping the SEC gets the memo and we see some ETF action soon.&nbsp;</p>



<h2 class="wp-block-heading">From Fed Governor to Vice Chair: Philip Jefferson</h2>


<div class="wp-block-image">
<figure class="aligncenter is-resized"><img decoding="async" loading="lazy" src="https://lh3.googleusercontent.com/bPjytKMXRd-ue33OkfUxPQ-zEGn9Pr7PrMwthOxuVCrhhnSd1wkghFuAx9jdMjWBpU1Ws5dRP6rTcCNClR8XaOEBRvWmk38Z8LBGnNjx3Pb96_BkL4C-twsbYpqNR3rmIuuvvYi_q455klntZms27K4" alt="" style="width:490px;height:257px" width="490" height="257"/><figcaption class="wp-element-caption">Source: <a href="https://talkbusiness.net/2022/08/fed-governor-banks-looking-to-get-into-crypto/">talkbusiness.net</a></figcaption></figure></div>


<p>Let&#8217;s talk about our man of the hour, Philip Jefferson. Serving as a Fed governor since 2022, Jefferson is no stranger to the workings of the Fed. This week, <a href="https://www.investopedia.com/philip-jefferson-7548816">he secured a new title, as the U.S. Senate confirmed him as the Federal Reserve&#8217;s vice chair. </a>Taking the helm alongside Chair Jerome Powell, Jefferson is now set to shape monetary policy until 2036. The Senate&#8217;s stamp of approval came through a confident 88-10 vote on September 6.</p>



<p>What of it? Well, who sits where at the Fed can influence everything from your savings interest rate to how the country feels about blockchain. Jefferson&#8217;s appointment is only part of the changing face of the Fed. Lael Brainard, the predecessor to this vice chair role, resigned back in February. The Senate also has its eyes set on other key positions. Names like Fed Governor Lisa Cook and former U.S. Department of Labor Chief Economist, Adriana Kugler, are floating around for potential long-term roles, both potentially serving until 2037.</p>



<p>With cryptocurrencies pushing boundaries and making waves in traditional financial sectors, it’s essential to watch these changes at the Fed. Even if the central bank isn&#8217;t diving into the digital dollar pool right now, the evolving leadership will be crucial in determining future policies. And when you have 2024 presidential hopeful Ron DeSantis ready to bar the central bank from issuing digital currencies, the plot thickens.</p>


<div class="wp-block-image">
<figure class="aligncenter size-large is-resized"><img decoding="async" loading="lazy" src="https://hodl.fm/wp-files/2023/09/107010704-16439010242022-02-03t150926z_971639849_rc2ecs9ho54w_rtrmadp_0_usa-fed-nomination-hearing-1024x683.jpeg" alt="" class="wp-image-3791" style="width:531px;height:354px" width="531" height="354" srcset="https://hodl.fm/wp-files/2023/09/107010704-16439010242022-02-03t150926z_971639849_rc2ecs9ho54w_rtrmadp_0_usa-fed-nomination-hearing-1024x683.jpeg 1024w, https://hodl.fm/wp-files/2023/09/107010704-16439010242022-02-03t150926z_971639849_rc2ecs9ho54w_rtrmadp_0_usa-fed-nomination-hearing-300x200.jpeg 300w, https://hodl.fm/wp-files/2023/09/107010704-16439010242022-02-03t150926z_971639849_rc2ecs9ho54w_rtrmadp_0_usa-fed-nomination-hearing-768x512.jpeg 768w, https://hodl.fm/wp-files/2023/09/107010704-16439010242022-02-03t150926z_971639849_rc2ecs9ho54w_rtrmadp_0_usa-fed-nomination-hearing-1536x1024.jpeg 1536w, https://hodl.fm/wp-files/2023/09/107010704-16439010242022-02-03t150926z_971639849_rc2ecs9ho54w_rtrmadp_0_usa-fed-nomination-hearing-2048x1365.jpeg 2048w, https://hodl.fm/wp-files/2023/09/107010704-16439010242022-02-03t150926z_971639849_rc2ecs9ho54w_rtrmadp_0_usa-fed-nomination-hearing-816x544.jpeg 816w" sizes="(max-width: 531px) 100vw, 531px" /><figcaption class="wp-element-caption">Source: <a href="https://www.cnbc.com/2023/05/12/fed-governor-philip-jefferson-named-as-new-vice-chair-to-succeed-lael-brainard.html">CNBC</a></figcaption></figure></div>


<p>In a nutshell, as Chair Jerome Powell navigates his term till 2028 <a href="https://www.binance.com/en/feed/post/679197">with opinions on stablecoins</a> and interest rate hikes, Jefferson’s ascent is another chapter in this ever-evolving financial narrative. Worth keeping an eye on.</p>



<h2 class="wp-block-heading">China’s Love-Hate Relationship with Crypto</h2>



<p>If we were to draw an analogy between crypto and relationships, China&#8217;s stance on crypto would be the equivalent of &#8216;it&#8217;s complicated&#8217; status on a social media profile. Meanwhile, we, the curious guys closely following the outcome of this relationship, would be stalking them the best way we can, and that’s exactly what we’ve been doing.</p>


<div class="wp-block-image">
<figure class="aligncenter size-full is-resized"><img decoding="async" loading="lazy" src="https://hodl.fm/wp-files/2023/09/image-4.png" alt="" class="wp-image-3789" style="width:258px;height:292px" width="258" height="292" srcset="https://hodl.fm/wp-files/2023/09/image-4.png 360w, https://hodl.fm/wp-files/2023/09/image-4-265x300.png 265w" sizes="(max-width: 258px) 100vw, 258px" /></figure></div>


<p>Starting from the top, let&#8217;s dive into the latest developments from China. Chinese courts, in what can be seen as a plot twist, <a href="https://www.odaily.news/newsflash/334415">have now recognized cryptocurrencies as legal property. </a>That’s right, <a href="https://www.bbc.com/news/technology-58678907">in a country where crypto trading and mining are banned</a>, digital assets now have a recognized legal status. This came through a report from the People’s Court in China, which, in essence, says:<strong> &#8220;While you can&#8217;t really trade or mine crypto, if you do have some, it&#8217;s protected as your property.&#8221;</strong></p>



<p>But let’s hodl our horses before thinking China’s warming up to crypto, there’s a dark cloud on the horizon. The nation isn&#8217;t just sticking to its 2021 ban on crypto trading and mining. It&#8217;s also meting out harsh punishments to those found violating its regulations. A former Communist Party official has just received a life sentence for taking bribes connected to supporting crypto mining operations. <a href="https://finance.yahoo.com/news/crypto-mining-chinese-official-given-093000772.html#:~:text=Xiao%20Yi%2C%20a%20former%20senior,power%2C%20a%20local%20court%20ruled.">Xiao Yi, the official in question</a>, supposedly helped companies mask their mining activities by posing as data analytics businesses.</p>



<p>Yet, amidst this crackdown, China&#8217;s People&#8217;s Court has delivered another unexpected angle. The court suggests that crypto holdings shouldn&#8217;t be seized and that digital asset-related crimes should have distinct treatment compared to traditional property infractions.</p>



<p>As for Hong Kong, it’s straying from Beijing’s playbook, with the region moving towards a more crypto-friendly stance by licensing crypto exchanges. This has led to speculation. If Hong Kong’s crypto experimentation turns out to be a success, could this influence the broader policy in mainland China?</p>


<div class="wp-block-image">
<figure class="aligncenter size-full is-resized"><img decoding="async" loading="lazy" src="https://hodl.fm/wp-files/2023/09/image-5.png" alt="" class="wp-image-3790" style="width:340px;height:374px" width="340" height="374" srcset="https://hodl.fm/wp-files/2023/09/image-5.png 582w, https://hodl.fm/wp-files/2023/09/image-5-273x300.png 273w" sizes="(max-width: 340px) 100vw, 340px" /></figure></div>


<p>The intrigue continues, and for those of you keeping score at home: China&#8217;s relationship with crypto remains as complex and multi-layered as always. Stay tuned for the next twist in this love-hate (mostly hate) relationship.</p>



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="512" src="https://hodl.fm/wp-files/2023/09/digest-21-min-1024x512.jpg" alt="" class="wp-image-3785" srcset="https://hodl.fm/wp-files/2023/09/digest-21-min-1024x512.jpg 1024w, https://hodl.fm/wp-files/2023/09/digest-21-min-300x150.jpg 300w, https://hodl.fm/wp-files/2023/09/digest-21-min-768x384.jpg 768w, https://hodl.fm/wp-files/2023/09/digest-21-min-1536x768.jpg 1536w, https://hodl.fm/wp-files/2023/09/digest-21-min-816x408.jpg 816w, https://hodl.fm/wp-files/2023/09/digest-21-min-400x200.jpg 400w, https://hodl.fm/wp-files/2023/09/digest-21-min.jpg 1600w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<h2 class="wp-block-heading">Paris Hilton and a16z Spark a New Battlefront in AI Copyright Wars</h2>



<p>Story Protocol, a tech firm from the hills of San Francisco,<a href="https://www.bnnbloomberg.ca/andreessen-horowitz-paris-hilton-back-blockchain-firm-working-on-fix-for-ai-mashups-1.1967584"> just secured a hefty sum of $54 million</a>, and leading this funding crusade are venture capital giant Andreessen Horowitz and Paris Hilton&#8217;s 11:11 Media.</p>



<p>The fight against AI-generated copyright infringements continues with the alliance of Andreessen Horowitz (a16z), Samsung, and Hilton&#8217;s venture, investing in the new-age blockchain-based IP ownership platform, Story Protocol.</p>



<p>Closing a $54-million funding round on Sept. 7, Story Protocol attracted investments from several industry heavyweights. With the rapid evolution of generative AI and its increasing tendency to &#8220;remix&#8221; content, the platform aims to stand as a bulwark against the tidal wave of AI-facilitated fakes. Utilizing blockchain technology, it aims to be an IP ownership repository for content spanning text, images, and audio. Co-founder Seung-yoon Lee elaborated on the imminent explosion of AI remixes, predicting a significant rise in the next couple of years. “In a world of total abundance catalyzed by generative AI, blockchain technology presents the perfect solution for transparent provenance tracking and fair attribution,” he added.&nbsp;</p>



<h2 class="wp-block-heading">Final Words</h2>



<p>That&#8217;s a wrap for this edition! As always, we remain your vigilant observers, bringing you updates from the frontlines. Until our next rendezvous, stay curious, stay informed, and keep hodling!</p>


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digest 21_2-min

Paris Hilton, China & Crypto, AI Battles, and Fed Moves


<h2 class="wp-block-heading">Introduction: Navigating the High-Stakes World of Crypto Developments</h2>



<p>In the volatile markets for cryptocurrencies, this week sets a new high for both thrills and fears. Significant shifts in regulatory landscapes, the audacity of financial innovations crossing borders, secretive mammoth transactions, and the rise of meme coins have all conspired to make this week a labyrinth of interconnected stories that could dramatically influence the cryptosphere. As we take this wild ride together, this comprehensive digest aims to guide you through the four monumental developments that are poised to redefine our understanding and handling of digital assets.</p>



<h2 class="wp-block-heading">Grayscale&#8217;s SEC Triumph: A Significant Win in the Acceptance of Cryptocurrencies</h2>



<p>Raise a glass, cue the fireworks, and let the memes roll: Grayscale, the crypto asset management&#8217;s answer to a rock star, didn&#8217;t just <a href="https://hodl.fm/grayscale-wins-lawsuit-against-sec/">edge out the SEC; they scored a resounding victory</a>. Imagine Rocky and Apollo Creed, but with more blockchains and fewer boxing gloves. This news set Bitcoin on a celebratory moonwalk, <a href="https://beincrypto.com/analysts-bitcoin-accumulation-period-2024-rally/">gyrating up by a cool $2,000. </a>Mainstream finance didn&#8217;t just give crypto a nod; it offered a full-fledged standing ovation.</p>


<div class="wp-block-image">
<figure class="aligncenter size-large is-resized"><img decoding="async" loading="lazy" src="https://hodl.fm/wp-files/2023/09/image-1-1-1024x742.jpg" alt="" class="wp-image-3714" style="width:557px;height:404px" width="557" height="404" srcset="https://hodl.fm/wp-files/2023/09/image-1-1-1024x742.jpg 1024w, https://hodl.fm/wp-files/2023/09/image-1-1-300x217.jpg 300w, https://hodl.fm/wp-files/2023/09/image-1-1-768x556.jpg 768w, https://hodl.fm/wp-files/2023/09/image-1-1-816x591.jpg 816w, https://hodl.fm/wp-files/2023/09/image-1-1.jpg 1200w" sizes="(max-width: 557px) 100vw, 557px" /></figure></div>


<p>But don’t roll the credits just yet. This victory resembles the first chapter of a story that promises to have as many twists and turns as a Bitcoin transaction.The collective euphoria we&#8217;re experiencing? It’s the overture, not the grand finale.</p>



<p>Why? Because the crypto space is still a caffeinated squirrel in a volatility circus. Prices might be making leaps worthy of an Olympic gymnast, but they take tumbles just as dramatically. Regulatory approval may be a victory lap, but volatility is hiding in the shadows, plotting its next chaotic spin.</p>



<p>Security is another subplot that refuses to fade into the background. Crypto wallets may be Fort Knox in theory, but hackers have proven they can be Danny Ocean in practice. Until the industry can nail down cybersecurity, it’s like winning the lottery while juggling chainsaws—thrilling but risky.</p>



<p>And let’s not forget the impending drama of central bank digital currencies (CBDCs). When they enter stage right, it’ll be like adding a love triangle to an already complicated relationship. CBDCs have the potential to bring attention to that crypto thought it had all to itself, leading to a fascinating duel for public affection.</p>



<p>So here&#8217;s the takeaway: Grayscale&#8217;s triumph over the SEC is an epic first act in a much longer narrative. There are still plenty of political intrigue, technological prowess, and good ol&#8217; public feeling scenarios to come. It&#8217;s not intermission; it’s the moment you realize you’re hooked, and you can’t wait to see what happens next.</p>


<div class="wp-block-image">
<figure class="aligncenter size-full is-resized"><img decoding="async" loading="lazy" src="https://hodl.fm/wp-files/2023/09/image-2.jpg" alt="" class="wp-image-3716" style="width:429px;height:429px" width="429" height="429" srcset="https://hodl.fm/wp-files/2023/09/image-2.jpg 900w, https://hodl.fm/wp-files/2023/09/image-2-300x300.jpg 300w, https://hodl.fm/wp-files/2023/09/image-2-150x150.jpg 150w, https://hodl.fm/wp-files/2023/09/image-2-768x768.jpg 768w, https://hodl.fm/wp-files/2023/09/image-2-88x88.jpg 88w, https://hodl.fm/wp-files/2023/09/image-2-816x816.jpg 816w" sizes="(max-width: 429px) 100vw, 429px" /></figure></div>


<h2 class="wp-block-heading">Binance’s South American Saga: The Dual Face of Risk and Opportunity</h2>



<p>Pop the corks, señoras and señores! Binance, the 800-pound gorilla of crypto exchanges, has gone full conquistador and <a href="https://beincrypto.com/binance-latin-america-send-cash/">planted its flag on South American soil</a>. Launching its new &#8220;Send Cash&#8221; service across a medley of nations—from tango-loving Argentina to samba-grooving Shooting tequila in Brazil This action by Mexico is quite daring.. The company is stepping into this new arena while still nursing its wounds from regulatory scuffles and a high-profile breakup with Mastercard. That would be stunning yet dangerous, like trying to salsa dance soon after a marathon.</p>



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="512" src="https://hodl.fm/wp-files/2023/09/digest-20_2-min-1024x512.jpg" alt="" class="wp-image-3756" srcset="https://hodl.fm/wp-files/2023/09/digest-20_2-min-1024x512.jpg 1024w, https://hodl.fm/wp-files/2023/09/digest-20_2-min-300x150.jpg 300w, https://hodl.fm/wp-files/2023/09/digest-20_2-min-768x384.jpg 768w, https://hodl.fm/wp-files/2023/09/digest-20_2-min-1536x768.jpg 1536w, https://hodl.fm/wp-files/2023/09/digest-20_2-min-816x408.jpg 816w, https://hodl.fm/wp-files/2023/09/digest-20_2-min-400x200.jpg 400w, https://hodl.fm/wp-files/2023/09/digest-20_2-min.jpg 1600w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<p>Now, let&#8217;s not kid ourselves. South America isn’t just a new market; it&#8217;s a petri dish where crypto could flourish like bacteria on a middle schooler’s smartphone. High inflation rates and turbulent financial waters make cryptocurrencies look like lifeboats to a sinking ship. But let&#8217;s not throw a fiesta just yet. Navigating through inconsistent and murky legal frameworks is not for the faint of heart, even for a Goliath like Binance. This game requires a level of expertise comparable to playing Jenga on a roller coaster. Regulatory scrutiny in Latin America could turn Binance&#8217;s daring leap into either a Swan Lake-esque graceful landing or a belly flop heard around the digital world.</p>



<p>The coming months will be the ultimate litmus test for Binance. It&#8217;s a choose-your-own-adventure tale where the decisions made today could be heralded as a masterstroke or lambasted as an ego trip that would make Icarus say, &#8220;Dude, too much.&#8221; The stakes couldn&#8217;t be higher in this pulse-pounding saga that will either cement Binance’s legacy as a pioneer or relegate it to a cautionary tale in the annals of crypto history.</p>



<p>In a nutshell, Binance&#8217;s South American chapter is shaping up to be a high-stakes gamble in a region that embodies the very definition of risk and opportunity. With rhythms as mixed as its regulatory frameworks, will Binance end up dancing the cha-cha-cha or tripping over its own two feet? Grab your sombreros and stay tuned; this Latin drama is far from its final act.</p>



<h2 class="wp-block-heading">Bitcoin&#8217;s Mysterious Movements: The Unseen Influence of Whales</h2>



<p>Hold onto your life vests, crypto-aficionados! <a href="https://www.coindesk.com/markets/2023/08/30/crypto-exchanges-saw-inflows-of-30k-bitcoin-prior-to-grayscales-sec-victory/">Right before Grayscale socked it to the SEC, almost 30,000 BTC</a> swam en masse into centralized exchanges. Imagine this</p>



<p>&nbsp;like synchronized swimming, but instead of nose clips and floral caps, it&#8217;s servers and cold storage. Crypto-sleuths are honing their harpoons and pointing to possible insider trading in response to this eyebrow-raising tide.</p>



<p>These weren&#8217;t just any ordinary transactions; they were leaning heavily on derivatives trading platforms as if the whales knew where the good plankton was.</p>



<p>Now, whether you view this as the growing pains of a toddler market or as a serious Achilles’ heel threatening to <a href="https://hodl.fm/sec-bitcoin-boost/">trip up Bitcoin like clumsy shoelaces</a>, it&#8217;s a cautionary tale that rivals Aesop. For every Joe and Jane buying a fractional piece of the Bitcoin pie, there’s a whale out there with enough influence to shift the currents. Let’s face it, while you’re paddling in your inflatable rubber ducky, these whales are out there in yachts the size of aircraft carriers.</p>


<div class="wp-block-image">
<figure class="aligncenter size-full is-resized"><img decoding="async" loading="lazy" src="https://hodl.fm/wp-files/2023/09/image-2.png" alt="" class="wp-image-3717" style="width:344px;height:429px" width="344" height="429"/></figure></div>


<p>Is this a youthful indiscretion of a market still wearing diapers? Or is it an ugly mole that Bitcoin should get checked out ASAP? Whatever your take, it’s like a flashing neon sign in the fog, warning retail investors that they&#8217;re not just sailing on a calm lake; they&#8217;re navigating the Bermuda Triangle, where larger forces can swallow you whole without so much as a burp.</p>



<p>Behind Bitcoin&#8217;s popular tags—decentralized, anonymous, libertarian—are dynamics as complex as a telenovela plot. Whales might be wearing digital masks, but their moves can be as seismic as a cliffhanger in a season finale. You may not always see the whale, but like an underwater tremor far from shore, it can still whip up a tsunami that reaches your tranquil beach.</p>



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="512" src="https://hodl.fm/wp-files/2023/09/digest-20_3-min-1024x512.jpg" alt="" class="wp-image-3757" srcset="https://hodl.fm/wp-files/2023/09/digest-20_3-min-1024x512.jpg 1024w, https://hodl.fm/wp-files/2023/09/digest-20_3-min-300x150.jpg 300w, https://hodl.fm/wp-files/2023/09/digest-20_3-min-768x384.jpg 768w, https://hodl.fm/wp-files/2023/09/digest-20_3-min-1536x768.jpg 1536w, https://hodl.fm/wp-files/2023/09/digest-20_3-min-816x408.jpg 816w, https://hodl.fm/wp-files/2023/09/digest-20_3-min-400x200.jpg 400w, https://hodl.fm/wp-files/2023/09/digest-20_3-min.jpg 1600w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<h2 class="wp-block-heading">The Rise of SHIB: An Underdog Story in the Crypto World</h2>



<p>Hold onto your leashes, folks! When Shiba Inu (SHIB) relaunched its snazzy Layer 2 network, Shibarium, even Wall Street&#8217;s stiffest suits choked on their espressos. Once cast aside as the jesting jester of the crypto realm, a mere meme coin, SHIB pulled a full &#8220;My Fair Lady&#8221; transformation. With its increased technological strength, transactions, and wallet addresses, SHIB is no longer the supporting character; instead, it is vying for the lead.</p>


<div class="wp-block-image">
<figure class="aligncenter size-full is-resized"><img decoding="async" loading="lazy" src="https://hodl.fm/wp-files/2023/09/image-1.jpg" alt="" class="wp-image-3713" style="width:302px;height:302px" width="302" height="302" srcset="https://hodl.fm/wp-files/2023/09/image-1.jpg 600w, https://hodl.fm/wp-files/2023/09/image-1-300x300.jpg 300w, https://hodl.fm/wp-files/2023/09/image-1-150x150.jpg 150w, https://hodl.fm/wp-files/2023/09/image-1-88x88.jpg 88w" sizes="(max-width: 302px) 100vw, 302px" /></figure></div>


<p>This isn&#8217;t just an underdog biting back; it&#8217;s a watershed moment that makes us recalibrate our crypto barometers. It’s like finding out that the class clown can also solve quantum physics equations on a chalkboard without breaking a sweat. In a world where decentralized finance (DeFi) is shedding its geeky cocoon to emerge as a user-friendly butterfly, meme tokens like SHIB are no longer confined to the &#8220;quirky&#8221; corner. They&#8217;re stepping into the spotlight, jazz hands and all.</p>



<p>The ripples of SHIB&#8217;s ascendancy reach far beyond its own blockchain turf. It&#8217;s challenging the status quo, causing boardrooms and basement coders alike to question their traditional yardsticks of &#8220;value&#8221; and &#8220;potential.&#8221; Are you still measuring a crypto asset&#8217;s worth by its hash rate, trading volume, or how many PhDs are on its development team? Well, you might want to add a new metric to that mix: the sheer, unadulterated power of a passionate community.</p>



<p>It&#8217;s a narrative that’s as compelling as it is disruptive. SHIB is serving us a delicious crypto cocktail that’s one part innovation, one part community fervor, and a generous splash of audacity. So, as we stare at the unfolding tapestry of a crypto landscape where memes and mainframes coalesce, SHIB offers a lesson in humility and a dash of hope: Never underestimate the underdog—or in this case, the under-dogecoin.</p>



<h2 class="wp-block-heading">Conclusion: The Crypto World&#8217;s Constant State of Flux—Predictions and Caveats</h2>



<p>This week’s crypto developments illustrate the multi-faceted forces shaping this volatile, ever-changing market. Regulatory landscapes, international expansion plans, market manipulation, and community-driven innovations are just a few of the variables in the complex equation of crypto-economics.</p>



<p>The world of crypto is one where the only constant is change. Whether you&#8217;re an experienced trader, a cautious investor, or merely an intrigued spectator, the one indomitable truth is that this space evolves at a breakneck speed. Staying ahead means a relentless pursuit of knowledge and the agility to adapt to new circumstances. The journey of crypto is far from over; in fact, it&#8217;s just getting more intriguing.</p>


digest 20-min

Grayscale Wins, Binance in SA, BTC Whales, SHIB Rises


<h2 class="wp-block-heading">Crypto Chronicles: An Odyssey Through a Digital Wilderness</h2>



<p>Welcome, dear blockchain buffs and cryptonauts, to this week&#8217;s deep dive into the expansive (and sometimes scandalous) world of digital coins and non-fungible trinkets. As we traverse the crypto chronicles, it&#8217;s vital to ensure our digital seatbelts are securely fastened, lest we&#8217;re thrown off by the turbulence of techno tales.</p>



<h3 class="wp-block-heading">1. The Rarible Revolution: An Epic Tale of Royalties, Loyalties, and Digital Domination</h3>



<p>In the digital amphitheater of non-fungible tokens (NFTs), there are many contenders, but few champions. Among them, <a href="https://cointelegraph.com/news/nft-platform-rarible-pledge-royalties-trading-volumes-jump">Rarible emerged not just as a gladiator but a colossus</a>. Picture a crowded market where everyone expects the behemoths to rule, and out comes Rarible, not just tossing a pebble into the waters but causing tsunamis of disruption, much like a spirited child causing splashes of epic proportions in a bathtub.</p>



<p>The NFT landscape, intricate and vast, watched in collective astonishment as Rarible, often sidelined as just another actor on this grand stage, defied expectations. Its trading volume didn&#8217;t just rise; it soared to stratospheric heights, ballooning by a whopping 585% in a mere 24 hours. This wasn&#8217;t merely watching a financial spectacle; this was witnessing the digital equivalent of David taking on Goliath with a slingshot made of pixels and code. It felt as if the digital cosmos had its very own star born right before its eyes, with blockchain enthusiasts and digital artists sitting in the front row, cheering and gasping at the unfolding drama.</p>



<p>The underpinning narrative for this meteoric ascent? A fierce and passionate defense of NFT creator royalties. While the leviathans of the industry, the likes of OpenSea, chose to moonwalk into the shadows, perhaps hoping for the storm to pass, Rarible was having none of it. They planted their flag firmly in the ground, echoing the sentiments and rights of the often-overlooked artists. This wasn&#8217;t just a stand; it was a revolution.</p>



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="512" src="https://hodl.fm/wp-files/2023/08/digest-19_1-min-1024x512.jpg" alt="" class="wp-image-3596" srcset="https://hodl.fm/wp-files/2023/08/digest-19_1-min-1024x512.jpg 1024w, https://hodl.fm/wp-files/2023/08/digest-19_1-min-300x150.jpg 300w, https://hodl.fm/wp-files/2023/08/digest-19_1-min-768x384.jpg 768w, https://hodl.fm/wp-files/2023/08/digest-19_1-min-1536x768.jpg 1536w, https://hodl.fm/wp-files/2023/08/digest-19_1-min-816x408.jpg 816w, https://hodl.fm/wp-files/2023/08/digest-19_1-min-400x200.jpg 400w, https://hodl.fm/wp-files/2023/08/digest-19_1-min.jpg 1600w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<p>And at the heart of this rebellion was none other than Alex Salnikov, Rarible&#8217;s co-founder, and the visionary driving this change. When he spoke, it wasn&#8217;t mere words; it was poetry in motion. With the eloquence of a bard who had stumbled into a blockchain symposium, Salnikov wove tales of Rarible&#8217;s unwavering commitment to artists&#8217; rights, emphasizing the intrinsic and irreplaceable value they brought to the table.</p>



<p>Visualize, if you will, a medieval jousting arena. The sun blazes high, and the crowd&#8217;s anticipation is palpable. Out ride the competitors, armored and ready. Just when it seems the heavyweights will dominate, up comes Salnikov, not on a warhorse, but a unicorn, charging with determination. With one swift move, the rivals are unhorsed, and the arena resonates with the cheers of the underdog’s triumph.</p>


<div class="wp-block-image">
<figure class="aligncenter"><img decoding="async" src="https://lh6.googleusercontent.com/_T-fWD-G7FG0s3TaAIOuibYdhitTsTye24_WmSZqu49KmVPdgk3--9yvi2_okjKvYQ0Mniy1KOG9WgI8O6djsAYbF0-NTxiQcFeO2mBYGUF3dxuydV1dWJuzK4IhiwEtuaIKfdSattpw9X80" alt="Source: nj1015"/><figcaption class="wp-element-caption">Source: <a href="https://nj1015.com/nj-crypto-bro-charged-in-600k-scam-targeting-cops-firefighters-feds-say/">nj1015</a></figcaption></figure></div>


<p><strong>2. DeSalvo&#8217;s Dramatic Duplicity: From Guarded Trust to Cryptic Betrayal</strong></p>



<p>John A. DeSalvo, a name once synonymous with discipline and dedication, <a href="https://cointelegraph.com/news/sec-charges-former-corrections-officer-for-role-bizarre-crypto-scam">now stands shadowed by the dark clouds of treachery and intrigue</a>. From the corridors of correctional facilities where he was hailed as a beacon of law and order, DeSalvo&#8217;s story spiraled into the maze of crypto, ultimately writing a chapter that seems torn from the pages of a classic tragedy—think Macbeth but with blockchains and bytes.</p>



<figure class="wp-block-image size-full"><img decoding="async" loading="lazy" width="640" height="523" src="https://hodl.fm/wp-files/2023/08/image-15-1.jpg" alt="" class="wp-image-3601" srcset="https://hodl.fm/wp-files/2023/08/image-15-1.jpg 640w, https://hodl.fm/wp-files/2023/08/image-15-1-300x245.jpg 300w" sizes="(max-width: 640px) 100vw, 640px" /></figure>



<p>The Blazar token, DeSalvo&#8217;s magnum opus in the digital realm, was projected as nothing less than the holy grail for those who protect and serve—police officers, brave firefighters, and the ever-vigilant paramedics. As they stood at the forefront of real-world crises, DeSalvo portrayed himself as their financial savior, promising them a sanctuary in the volatile world of cryptocurrency. Like a maestro conducting an orchestra, he painted a symphony of success, drawing them in with the allure of a prosperous digital realm, a land paved with virtual gold and endless opportunities.х</p>



<p>But as with every grand narrative, there lay an underbelly, a subplot that threatened to overturn the tale. DeSalvo, who was once their guardian in the real world, donned the cloak of a crypto conjurer. While he spun tales of the Blazar token&#8217;s meteoric rise and shimmering future, behind the scenes, a different story was unfolding. Our once-hero was clandestinely amassing a fortune, liquidating his tokens, leaving behind a trail of broken promises and disillusioned dreams.</p>


<div class="wp-block-image">
<figure class="aligncenter"><img decoding="async" src="https://lh5.googleusercontent.com/CjNKYCfre7LDiMcyEQOu5t0_bKytKC2sxMtrpDUv22jUtKkaJAKvSagrOXdBBkgaE9Cc2iVOK9ymQDTymxoXH8DJS6EUT9VJg5jJn8n8_X_BOGyMnPgJ_vyA4_1m6pG-4MHFg_CPpqiBrjMj" alt="Source: the times of israel"/><figcaption class="wp-element-caption">Source: <a href="https://www.timesofisrael.com/alleged-dirty-dealings-and-sex-offenses-moshe-hogegs-long-history-of-deceit/">the times of israel</a></figcaption></figure></div>


<h3 class="wp-block-heading">3. Hogeg&#8217;s Hypnotic Histrionics: A Dramatic Dance of Dichotomies</h3>



<p>Moshe Hogeg, the shining star of Israel&#8217;s entrepreneurial firmament, now appears enshrouded in an ever-thickening mist of mysteries and murmurs. With accusations piling high and dense, they weave a narrative that seems straight out of a suspense thriller. The numbers in play aren’t mere pennies, <a href="https://cointelegraph.com/news/crypto-entrepreneur-faces-potential-prosecution-israel-crypto-scam">but a staggering $290 million, turning this tale into an epic saga that reverberates across the crypto landscape.</a></p>



<p>The alleged offenses tied to Hogeg read like a cybernetic crime novel – fraud, shadowy money laundering, and a myriad of other charges so intricate that they might rival the complexity of a masterfully crafted blockchain. Each revelation, each twist and turn adds another layer to an already convoluted plot, challenging the audience&#8217;s perceptions and loyalties.</p>



<p>Yet, amid this tempest of troubles, Hogeg stands undeterred, a figure of defiance and determination. He doesn&#8217;t merely navigate the brewing storm, but waltzes through it, spinning and leaping with assertions of his purity and proclamations of his innocence. This isn’t just a defense, but a performance, a bravado, a testament to his indomitable spirit. Hogeg&#8217;s tale doesn’t confine itself within Israel&#8217;s borders either; it spreads its wings, encompassing international terrains, with chapters unfolding in the exotic realms of Morocco. Here, even under the darkening clouds of allegations, he unfurls grand visions and ambitious blueprints, lending an almost cinematic quality to the unfolding drama.</p>



<p>So, who is Moshe Hogeg in this magnum opus of real-life narratives? Is he the maverick who is simply misunderstood, a genius too ahead of his time, too audacious in his ventures? Or does he don the cloak of a crafty villain, orchestrating a symphony of alleged deception? It&#8217;s a tale of contrasts, of shadows and lights, and the final verdict rests in the hallowed halls of the courtroom, where law and truth will play the ultimate critics.</p>


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<figure class="aligncenter size-full"><img decoding="async" loading="lazy" width="498" height="373" src="https://hodl.fm/wp-files/2023/08/crypto-sam-bankmanfried-min.gif" alt="" class="wp-image-3599"/></figure></div>


<h3 class="wp-block-heading">4. Bankman-Fried&#8217;s Fascinating Fracas: From Triumphs to Trials and Twists</h3>



<p>Within the shimmering and ever-evolving tapestry of the cryptocurrency realm, Sam Bankman-Fried, often dubbed the crown jewel of FTX, radiates with an exceptional brilliance. A luminary whose exploits have often mirrored the meteoric rise of cryptocurrencies themselves. Yet, as the adage goes, the brighter the star, the darker the shadow. The man affectionately abbreviated to SBF by the legion of his admirers, now finds himself navigating a maze that mirrors a convoluted legal thriller, worthy of any bestseller list.</p>



<p>Now, imagine a titan of such stature momentarily pausing his journey, not by choice, but by circumstance. The cosmos has allowed him a brief hiatus, a moment to breathe and muster his vast arsenal of legal experts. No longer encased within prison walls, SBF enjoys this liberty, albeit with a caveat. An almost theatrical gesture, <a href="https://cointelegraph.com/news/sam-bankman-fried-can-meet-with-lawyers-outside-of-jail-with-48-hours-notice-says-judge">he&#8217;s obliged to send a 48-hour advance notice, an RSVP of sorts</a>, to the very authorities that seek to challenge him. It&#8217;s as if he’s playing a high-stakes game of chess, with every move being meticulously observed and analyzed.</p>



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="512" src="https://hodl.fm/wp-files/2023/08/digest-19_3-min-1024x512.jpg" alt="sbf" class="wp-image-3597" srcset="https://hodl.fm/wp-files/2023/08/digest-19_3-min-1024x512.jpg 1024w, https://hodl.fm/wp-files/2023/08/digest-19_3-min-300x150.jpg 300w, https://hodl.fm/wp-files/2023/08/digest-19_3-min-768x384.jpg 768w, https://hodl.fm/wp-files/2023/08/digest-19_3-min-1536x768.jpg 1536w, https://hodl.fm/wp-files/2023/08/digest-19_3-min-816x408.jpg 816w, https://hodl.fm/wp-files/2023/08/digest-19_3-min-400x200.jpg 400w, https://hodl.fm/wp-files/2023/08/digest-19_3-min.jpg 1600w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<p>As the pendulum of time ticks away, anticipation reaches fever pitch. The crypto corridors are buzzing, alive with whispers and conjectures. Allegations fly thick and fast, from tales of potential witness intimidation to shadowy courtroom maneuverings. This isn&#8217;t just a legal battle; it&#8217;s a gripping saga, one that promises more unexpected turns than a mountainous serpentine road.</p>



<p>One can&#8217;t help but wonder: Will Bankman-Fried&#8217;s story culminate as a triumphant resurgence, a testament to his indomitable spirit? Or will it take a more somber tone, serving as a cautionary tale for the ages? As we teeter on the edge of our seats, awaiting the climax of this real-life epic, one thing remains certain &#8211; the Bankman-Fried narrative promises to be an unforgettable chapter in the annals of crypto history.</p>



<h2 class="wp-block-heading">Epilogue: Reflections and Ruminations </h2>



<p>As we conclude our journey through this week’s tumultuous crypto terrain, one can&#8217;t help but marvel at the riveting tales of ambition, intrigue, and innovation. The stories underscore the volatility, vulnerability, and vitality of the digital domain. Each week unfolds like an epic, with heroes, anti-heroes, and ever-evolving plotlines. Here&#8217;s to the cryptonauts charting these uncharted waters. Until our next odyssey, stay curious and remain encrypted!</p>


Crypto Chronicles: An Odyssey Through a Digital Wilderness

digest 19_2-min

Crypto NFT Drama, Scams, Entrepreneurship: News Highlight


<p>The cryptocurrency universe, already notorious for its mind-bending volatility, has seen a week that could only be described as a whirlwind. From Ripple&#8217;s intriguing courtroom encounters, Bitcoin&#8217;s uneasy speculators, and Binance&#8217;s abrupt conclusion, to Coinbase&#8217;s triumph, the crypto realm has been nothing short of a blockbuster movie. Sit back and buckle up, for this tale is filled with twists, turns, and tantalizing details.</p>



<h2 class="wp-block-heading">The Ripple vs. SEC Saga: Layers of Drama Unfolding</h2>



<p>The universe of cryptocurrencies, vast and diverse, often unveils gripping narratives. One such storyline, demanding global eyeballs, is the intensifying legal tussle <a href="https://www.linkedin.com/safety/go?url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fsec-v-ripple-judge-greenlights-investment-banker-declarant-s-entry&amp;trk=flagship-messaging-web&amp;messageThreadUrn=urn%3Ali%3AmessagingThread%3A2-MGIzYzE3NDItNzViMy00OTEzLTlhMjEtNDFlYzNkZDJiYzAyXzAxMw%3D%3D&amp;lipi=urn%3Ali%3Apage%3Ad_flagship3_messaging_conversation_detail%3BFnMFDpISQ5ih%2F%2F42rRmajg%3D%3D">between Ripple and the United States Securities and Exchange Commission (SEC)</a>. Every courtroom gathering in this battle feels like a grand theatrical event, brimming with unexpected twists, sharp dialogues, and underlying tensions. At the forefront are two behemoths: the SEC, wielding its regulatory might, and Ripple Labs, a titan in the digital currency realm, holding its ground steadfastly.</p>



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="512" src="https://hodl.fm/wp-files/2023/08/SEC-v.-Ripple-Judge-Greenlights-Investment-Bankers-Entry-min-1024x512.jpg" alt="" class="wp-image-3429" srcset="https://hodl.fm/wp-files/2023/08/SEC-v.-Ripple-Judge-Greenlights-Investment-Bankers-Entry-min-1024x512.jpg 1024w, https://hodl.fm/wp-files/2023/08/SEC-v.-Ripple-Judge-Greenlights-Investment-Bankers-Entry-min-300x150.jpg 300w, https://hodl.fm/wp-files/2023/08/SEC-v.-Ripple-Judge-Greenlights-Investment-Bankers-Entry-min-768x384.jpg 768w, https://hodl.fm/wp-files/2023/08/SEC-v.-Ripple-Judge-Greenlights-Investment-Bankers-Entry-min-1536x768.jpg 1536w, https://hodl.fm/wp-files/2023/08/SEC-v.-Ripple-Judge-Greenlights-Investment-Bankers-Entry-min-816x408.jpg 816w, https://hodl.fm/wp-files/2023/08/SEC-v.-Ripple-Judge-Greenlights-Investment-Bankers-Entry-min-400x200.jpg 400w, https://hodl.fm/wp-files/2023/08/SEC-v.-Ripple-Judge-Greenlights-Investment-Bankers-Entry-min.jpg 1600w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<p>As the chapters of this litigation saga unfold, the narrative is enriched with the entry of Andrew A. Kunsak. Emanating sophistication, Kunsak is a renowned investment banker, his reputation enhanced by his association with the internationally acclaimed law firm, Sidley Austin LLP. To the casual observer, his entrance might hint at a potential pivot in Ripple&#8217;s favor, given the weight of his credentials. But like any good plot, layers of intricacies and backstories add depth.</p>



<p>Flashback to a prior episode where Ripple&#8217;s alliance with another investment banker from a rival firm soured amidst clouds of distrust and alleged biases. Consequently, Kunsak&#8217;s introduction into this legal mosaic prompts questions regarding his ability to remain unbiased and truly impartial. At the heart of this legal face-off lies a contentious debate: Ripple fervently aims to shield specific proprietary aspects of its operations, while the SEC doggedly argues that the sales of XRP align with the characteristics of securities. This contention isn&#8217;t merely a boardroom brawl; it sends ripples (yes, the pun makes a return) across the cryptocurrency domain, with XRP&#8217;s market valuation swinging like a pendulum, echoing the sentiments and outcomes of their legal endeavors.</p>



<p>Read also: <a href="https://hodl.fm/coinbase-sec-delisting-drama-seo/">SEC’s Odd Request: Coinbase Rejects Delisting All But Bitcoin</a></p>



<h2 class="wp-block-heading">Bitcoin&#8217;s Speculator Saga: A Play of Emotions</h2>



<p>As the spotlight shifts, our attention is drawn to the intricate landscape of Bitcoin, where waves of transformation are making their mark. Those who once stood as the audacious champions of Bitcoin, speculators who gambled and often reaped substantial rewards, now appear to be treading with heightened caution. A recent analysis from Glassnode, one of the leading entities in cryptocurrency analytics, paints a telling picture: there&#8217;s an unmistakable air of hesitation and a tendency towards detachment among Bitcoin&#8217;s speculative investor community, especially those eyeing short-term gains.</p>



<p>At a time when <a href="https://www.linkedin.com/safety/go?url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fbitcoin-speculators-btc-since-69k-all-time-highs&amp;trk=flagship-messaging-web&amp;messageThreadUrn=urn%3Ali%3AmessagingThread%3A2-MGIzYzE3NDItNzViMy00OTEzLTlhMjEtNDFlYzNkZDJiYzAyXzAxMw%3D%3D&amp;lipi=urn%3Ali%3Apage%3Ad_flagship3_messaging_conversation_detail%3BFnMFDpISQ5ih%2F%2F42rRmajg%3D%3D">Bitcoin&#8217;s valuation is precariously hovering around the crucial threshold of $29,000</a>, there&#8217;s a palpable sense of suspense and apprehension in the crypto air. The stakes are high, and the atmosphere is thick with anticipation. But it&#8217;s essential to note that the panorama isn&#8217;t uniformly bleak. A distinct segment within the Bitcoin community, the dedicated long-term investors colloquially known as &#8216;hodlers&#8217;, emanate a contrasting vibe of serenity. With their average purchase price documented at a rather modest figure of $20,300, for these stalwarts, the current market ebbs and flows are par for the course. They&#8217;re accustomed to the volatile dance of numbers and remain unwavering in their conviction. Their story isn&#8217;t about quick windfalls; it&#8217;s a testament to endurance, steadfastness, and an unwavering belief in the broader vision of cryptocurrencies.</p>



<h2 class="wp-block-heading">Binance Connect&#8217;s Dramatic Curtains Close: Behind the Veil</h2>



<p>In the rapidly shifting sands of the cryptocurrency landscape, <a href="https://www.linkedin.com/safety/go?url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fbinance-connect-shutting-down-august-16&amp;trk=flagship-messaging-web&amp;messageThreadUrn=urn%3Ali%3AmessagingThread%3A2-MGIzYzE3NDItNzViMy00OTEzLTlhMjEtNDFlYzNkZDJiYzAyXzAxMw%3D%3D&amp;lipi=urn%3Ali%3Apage%3Ad_flagship3_messaging_conversation_detail%3BFnMFDpISQ5ih%2F%2F42rRmajg%3D%3D">Binance Connect&#8217;s startling decision to cease operations stands out as a particularly enigmatic episode</a>. What was once heralded as a pivotal bridge between traditional fiat and digital currency has now, rather unexpectedly, halted its services. While the official statements allude vaguely to &#8220;evolving market trends and shifting user inclinations,&#8221; many are left scratching their heads, wondering about the real impetus behind this decision.</p>



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="512" src="https://hodl.fm/wp-files/2023/08/Bitcoin-speculators-BTC-After-Historic-Highs-of-69000-min-1024x512.jpg" alt="" class="wp-image-3430" srcset="https://hodl.fm/wp-files/2023/08/Bitcoin-speculators-BTC-After-Historic-Highs-of-69000-min-1024x512.jpg 1024w, https://hodl.fm/wp-files/2023/08/Bitcoin-speculators-BTC-After-Historic-Highs-of-69000-min-300x150.jpg 300w, https://hodl.fm/wp-files/2023/08/Bitcoin-speculators-BTC-After-Historic-Highs-of-69000-min-768x384.jpg 768w, https://hodl.fm/wp-files/2023/08/Bitcoin-speculators-BTC-After-Historic-Highs-of-69000-min-1536x768.jpg 1536w, https://hodl.fm/wp-files/2023/08/Bitcoin-speculators-BTC-After-Historic-Highs-of-69000-min-816x408.jpg 816w, https://hodl.fm/wp-files/2023/08/Bitcoin-speculators-BTC-After-Historic-Highs-of-69000-min-400x200.jpg 400w, https://hodl.fm/wp-files/2023/08/Bitcoin-speculators-BTC-After-Historic-Highs-of-69000-min.jpg 1600w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<p>From its initial days as a mere cryptocurrency exchange, Binance has unfurled its wings to span across the vast expanse of the blockchain universe. Its expansive growth and influence are undeniable. However, with such rapid expansion often come unseen challenges and intricacies. A somewhat ambiguous communication from Biswap, a decentralized trading platform, has added fuel to the fire of speculation. Could it be a growing backlog of unresolved customer queries, whispers of impending regulatory interventions, or possibly intricate internal disputes and politics?</p>



<p>The community, analysts, and stakeholders are all attempting to piece together this puzzle, each rumor and inference weaving a complex tapestry of narratives. While the complete story behind Binance Connect&#8217;s sudden curtains close is yet to be fully disclosed, it&#8217;s evident that the crypto world will be discussing and dissecting this development for some time.</p>



<p>Related news: <a href="https://hodl.fm/binance-us-wash-trading-crypto-capers/">The SEC’s Case Against Binance.US and Wash Trading Explained</a></p>



<h2 class="wp-block-heading">Coinbase&#8217;s Rise to Prominence: A Toast to Success</h2>



<p>In the intricate and often tumultuous world of digital currency, <a href="https://www.linkedin.com/safety/go?url=https%3A%2F%2Fwww.coindesk.com%2Fbusiness%2F2023%2F08%2F16%2Fcoinbase-finally-wins-approval-to-list-crypto-futures-in-us%2F&amp;trk=flagship-messaging-web&amp;messageThreadUrn=urn%3Ali%3AmessagingThread%3A2-MGIzYzE3NDItNzViMy00OTEzLTlhMjEtNDFlYzNkZDJiYzAyXzAxMw%3D%3D&amp;lipi=urn%3Ali%3Apage%3Ad_flagship3_messaging_conversation_detail%3BFnMFDpISQ5ih%2F%2F42rRmajg%3D%3D">Coinbase has emerged as a beacon of consistency and innovation</a>. While numerous entities within the sector grappled with the inherent unpredictability, Coinbase showcased remarkable tenacity, ultimately realizing an ambitious dream: procuring the much-coveted license to introduce cryptocurrency futures within the American market. It&#8217;s noteworthy to mention that this vision had been deeply ingrained in their strategic roadmap since the dawn of 2021.</p>



<p>Inside the expansive halls of their headquarters, there&#8217;s a palpable air of excitement. Conversations buzz, ranging from casual chats to strategic discussions, all echoing a shared sentiment of pride and achievement. At the helm of this celebration and forward-looking momentum is Andrew Sears, the visionary CEO. To Sears, this monumental achievement transcends beyond the confines of a mere business success. He envisions it as a foundational block, a pivotal move in the broader narrative of embedding cryptocurrencies within the fabric of conventional financial systems.</p>



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="512" src="https://hodl.fm/wp-files/2023/08/Binance-Connect-closes-on-August-16-min-1024x512.jpg" alt="" class="wp-image-3431" srcset="https://hodl.fm/wp-files/2023/08/Binance-Connect-closes-on-August-16-min-1024x512.jpg 1024w, https://hodl.fm/wp-files/2023/08/Binance-Connect-closes-on-August-16-min-300x150.jpg 300w, https://hodl.fm/wp-files/2023/08/Binance-Connect-closes-on-August-16-min-768x384.jpg 768w, https://hodl.fm/wp-files/2023/08/Binance-Connect-closes-on-August-16-min-1536x768.jpg 1536w, https://hodl.fm/wp-files/2023/08/Binance-Connect-closes-on-August-16-min-816x408.jpg 816w, https://hodl.fm/wp-files/2023/08/Binance-Connect-closes-on-August-16-min-400x200.jpg 400w, https://hodl.fm/wp-files/2023/08/Binance-Connect-closes-on-August-16-min.jpg 1600w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<p>However, the path to continued success is seldom without its set of obstacles. As Coinbase prepares to chart the waters of this newfound territory, industry experts and enthusiasts are rife with speculation. Questions are being posed: Will Coinbase&#8217;s trajectory continue to soar, establishing newer benchmarks? Or does the future hold unforeseen challenges and headwinds that might test their mettle? While the complete arc of their story remains in the making, there&#8217;s no denying that this chapter, replete with its achievements, secures Coinbase&#8217;s legacy in the chronicles of cryptocurrency history.</p>



<h2 class="wp-block-heading">The Grand Tapestry of Cryptocurrency: A Retrospective</h2>



<p>As we traverse this labyrinth of events, narratives, and tales from crypto&#8217;s universe, it becomes clear that these aren&#8217;t mere headlines. They signify the evolution, challenges, and triumphs of an industry that remains at the frontier of technological and financial innovation. The overarching ethos remains consistent: adaptability, determination, and for those navigating its treacherous waters, the time-honored mantra, &#8220;HODL on!&#8221;</p>



<p>As we peer into the horizon, the crypto-sphere remains as enigmatic as ever. But one thing&#8217;s for certain: its tale is one that will continue to be written, rewritten, and marveled at for ages to come.</p>


Bitcoin speculators_BTC_After_Historic_Highs_of_$69_000

Crazy Days in Crypto Land: A Deep Dive into Bubbles, Shutdowns, and Courtroom Drama


<p>Greetings fellow Hodlers! Welcome to our weekly gathering in the fascinating world of cryptocurrency! Grab a seat as we set out on an exciting journey across the dynamic and always-changing landscapes of the crypto universe. We&#8217;re here to decode, Illustrate, and delve into the most recent events that have shaped the world of digital currencies, just like brave space explorers.</p>



<div class="d-flex justify-content-center"><ins class="64c25105bd391bf86a4f85f8" style="display:inline-block;width:1px;height:1px;"></ins><script>!function(e,n,c,t,o,r,d){!function e(n,c,t,o,r,m,d,s,a){s=c.getElementsByTagName(t)[0],(a=c.createElement(t)).async=!0,a.src="https://"+r[m]+"/js/"+o+".js?v="+d,a.onerror=function(){a.remove(),(m+=1)>=r.length||e(n,c,t,o,r,m)},s.parentNode.insertBefore(a,s)}(window,document,"script","64c25105bd391bf86a4f85f8",["cdn.bmcdn6.com"], 0, new Date().getTime())}();</script></div>



<p>Hold on tight as we unravel the twisted threads of recent events, presenting you with an array of crypto news that&#8217;s both enlightening and engaging. From the eyebrow-raising scandal involving a former law firm and a major cryptocurrency trading platform to the cleverly orchestrated Twitter hack targeting a prominent blockchain guardian, the past week has been nothing short of brisk in the world of digital currencies.</p>



<h2 class="wp-block-heading">Unmasking a Cryptic Conspiracy: Former Law Firm Entangled in FTX Controversy</h2>



<p>The world of cryptocurrency is caught up in a legal tangle in a saga that rivals an unpredictable courtroom drama. Fenwick &amp; West LLP, a law firm which used to work closely with FTX, a major cryptocurrency trading platform, is now facing serious accusations.&nbsp;</p>



<p>The lawsuit <a href="https://storage.courtlistener.com/recap/gov.uscourts.cand.416450/gov.uscourts.cand.416450.1.0.pdf">claims</a> that the law firm set up some mysterious &#8220;shadowy entities.&#8221;</p>



<p>These so-called shadowy entities allegedly became tools for FTX&#8217;s co-founder, <a href="https://cointelegraph.com/top-people-in-crypto-and-blockchain-2023/sam-bankman-fried-and-caroline-ellison">Sam Bankman-Fried</a>, and other top executives to pull off what&#8217;s being called a massive fraud scheme. This scheme is said to involve moving around a lot of money, including customer funds, in a way that&#8217;s not above board.</p>



<p>The lawsuit unfolds like a thriller, accusing Fenwick &amp; West of going well beyond simply providing legal assistance. They&#8217;re accused of helping FTX find loopholes in the rules. This involved doing things like arranging business deals in tricky ways that kept them off the radar of regulators. The law firm is even said to have suggested strategies that FTX then implemented.</p>



<figure class="wp-block-image"><img decoding="async" src="https://lh6.googleusercontent.com/2mFgaICjroLrh8FzVOphaeDoPlZ3BLAOz6Ic_7yBpR_rDRX_0daVUmoEd7bQ1nQyNeCPMd1WSZeEvw0TLvPLjgHmVgxo1UKqXdWegMjoGTVHHIdn0_9x6O6B7rHBx-qChqFrUNXIjpmaZKL3xwW79Q" alt=""/></figure>



<p>The two <a href="https://cointelegraph.com/news/here-s-how-sbf-s-fake-electronics-outlet-north-dimension-looks-like">characters</a> in this mystery, &#8220;North Dimension&#8221; and &#8220;North Wireless Dimension,&#8221; are being pointed at as part of the scheme. These entities allegedly helped siphon money away from FTX&#8217;s customers, which is a pretty serious claim.</p>



<p>The lawsuit also claimed that Fenwick &amp; West ignored what FTX was doing. To further complicate things, they claim that the legal firm may have benefited financially from FTX&#8217;s shady dealings.</p>



<p>&nbsp;This incident serves as a sobering reminder of how important trust, integrity, and ethical behaviour are needed in preserving the high volatility of a digital environment.</p>



<h2 class="wp-block-heading">Blockchain Capital&#8217;s Twitter Account Hacked in Attempted Token Scam</h2>



<p>In the age of digital fraud, even the guardians of the blockchain are not immunised against the cunning tactics of cyber scams.  Blockchain Capital&#8217;s Twitter “X’ account, recently became a target of crafty scammers who used a fake token giveaway as bait. </p>



<div class="d-flex justify-content-center"><ins class="64c25105bd391bf86a4f85f8" style="display:inline-block;width:1px;height:1px;"></ins><script>!function(e,n,c,t,o,r,d){!function e(n,c,t,o,r,m,d,s,a){s=c.getElementsByTagName(t)[0],(a=c.createElement(t)).async=!0,a.src="https://"+r[m]+"/js/"+o+".js?v="+d,a.onerror=function(){a.remove(),(m+=1)>=r.length||e(n,c,t,o,r,m)},s.parentNode.insertBefore(a,s)}(window,document,"script","64c25105bd391bf86a4f85f8",["cdn.bmcdn6.com"], 0, new Date().getTime())}();</script></div>



<figure class="wp-block-image"><img decoding="async" src="https://lh5.googleusercontent.com/C0lLmtU6pQVyrZs7bsF7iE2mFEKVpO2PRNJvQ9iMR4quqsHEkaS6RO_8K6gAHjfyUVIA-17FjK3lFGIaFED_FTBUETsbPtD71ntTYb4ChKwOgsg9dhwz5iIfUuqNiu0EzILAWW0l7pr4I_p1dHUkNg" alt=""/></figure>



<p><a href="https://cointelegraph.com/news/blockchain-capital-x-twitter-hacked-promoting-token-claim-scam"></a>These scammers took over the account and posted messages promising people &#8220;BCAP&#8221; tokens for free and cunningly directed them to a fake website designed to mimic the genuine one.<br>The aim? To trick unsuspecting users into sharing their crypto wallets by connecting to this fake site. The scammers even went the extra mile to disable comments on their posts, preventing others from alerting followers about the ruse.</p>



<p>This incident is becoming a pattern where hackers are increasingly targeting prominent cryptocurrency-related accounts. Jeremy Hogan, a well-known lawyer, also <a href="https://cointelegraph.com/news/xrp-lawyer-jeremy-hogan-scam-twitter-account-hack">faced</a> a similar issue of scam posts on his Twitter account, attempting to lure users into an XRP giveaway trap.</p>



<p>The breach of Blockchain Capital&#8217;s Twitter X hack showcases the audacity of scammers aiming to defraud innocent crypto enthusiasts.</p>



<h2 class="wp-block-heading">Coinbase&#8217;s Financial Strategy: Buying Back Debt to Navigate Challenges</h2>



<p>Coinbase, a big name in cryptocurrency trading, is <a href="https://investor.coinbase.com/news/news-details/2023/Coinbase-Commences-Cash-Tender-Offer-for-Up-to-150.0-Million-Aggregate-Purchase-Price-of-its-Outstanding-3.625-Senior-Notes-Due-2031/default.aspx">doing</a> something interesting with its money. They&#8217;re buying back some of their debt – like borrowing less from investors – at a lower price, kind of like getting a discount. This move is meant to help with money worries and legal issues they&#8217;ve been facing.</p>



<p>You see, the cryptocurrency market has been a bit uncertain lately, and people are wondering if Coinbase is financially strong enough. Plus, they&#8217;re in a legal fight with the SEC saying Coinbase didn&#8217;t follow the rules, and Coinbase is <a href="https://cointelegraph.com/news/coinbase-to-file-order-seeking-dismissal-of-sec-lawsuit">trying</a> to prove them wrong.</p>



<p>On a positive note, Coinbase isn&#8217;t all bad news. They&#8217;ve shared some good numbers recently. In just a few months, they made over $600 million and have more than $5 billion in the bank. People still trust them too, as they&#8217;ve seen a significant increase in customers putting their money on the platform.</p>



<p>In a nutshell, Coinbase is taking steps to make its financial situation better by buying back debt for less money. This should help them deal with their money problems and legal battles and keep growing in the world of cryptocurrencies.</p>



<h2 class="wp-block-heading">Binance Gets Green Light for Crypto Services in El Salvador</h2>


<div class="wp-block-image">
<figure class="aligncenter"><img decoding="async" src="https://lh3.googleusercontent.com/vJl3HPvMvqcpAiXC3cwAMbUTl0YVfC0-3C-lzjyF49jhIouWfCWtlmsoPGEa20L2CfDcYMhIh03MUnLD4apEI6B7N1UTYn7KvH2DhYob1bfD7GvByZZHhENK-0fHh7tUXH1TWkU-TXIe653zjRLgwA" alt=""/></figure></div>


<p><a href="https://imgflip.com/i/7v8skc"></a>Binance, a big player in the world of cryptocurrency, has scored a victory by getting licenses to offer crypto services in El Salvador. This is a big deal because El Salvador already made a buzz by accepting Bitcoin as money in 2021. Thanks to approval from the National Commission of Digital Assets and the Central Reserve Bank, Binance can now spread its crypto magic to the people there.</p>



<p>What does this mean? <a href="https://twitter.com/binance/status/1688916994886959104?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1688916994886959104%7Ctwgr%5Ef55c758f6e1191a667fb074a6b11448515cf3864%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fbinance-receives-licenses-crypto-services-el-salvador">Binance</a> can make special crypto stuff just for El Salvador. They worked hard for many months to get these licenses, showing they&#8217;re serious about following the rules while spreading their crypto wings.</p>



<p>Binance is no newbie to this game. They&#8217;ve been getting thumbs-ups from different countries, like starting a branch in Japan and getting a green light from Dubai&#8217;s Virtual Asset Regulatory Authority. These moves show Binance is on a roll, aiming to offer its crypto services everywhere.</p>



<p>But wait, it&#8217;s not all smooth sailing. In the US, Binance is still facing challenges from regulators like the SEC and CFTC. Despite these bumps, Binance&#8217;s success in El Salvador highlights how cryptocurrencies are making their mark globally, changing how we think about money and finance.</p>



<h3 class="wp-block-heading">In Closing: The Crypto Chronicles Continue</h3>



<p>Our journey through the crypto-sphere has exposed both its complexities and comparisons with the human narrative. From the Fenwick &amp; West controversy to the Blockchain Capital scam, these stories remind us of the importance of trust, vigilance, and adaptability.</p>



<p>Coinbase&#8217;s financial strategy underscores the need for resilience in a volatile market, while Binance&#8217;s success in El Salvador signifies the global reach of cryptocurrencies.</p>



<p>As we wrap up this week&#8217;s digest, let&#8217;s carry these insights forward. Just as characters shape a story, our actions shape the crypto landscape. Join us next week as we continue to explore the ever-evolving chapters of this captivating narrative. Until then, holders, stay curious and engaged. The journey continues, and we&#8217;re honoured to be your companions through the realm of digital finance.</p>


1600х800_Digest 16c-449

Law Firm Tied to FTX Controversy, Blockchain Capital Twitter” X” Hack, Coinbase’s Debt Buyback Strategy and Binance Goes to El Salvador


<p>Hold onto your hats, folks because July 2023 has taken the cryptocurrency rollercoaster to a whole new level! We&#8217;re talking mind-blowing victories and stomach-churning setbacks that have left the crypto world buzzing. As the digital domain grows up before our eyes, brace yourselves for a wild ride-through that had us all on the edge of our seats. Get ready to dive deep into the latest whirlwind of events that&#8217;s got everyone in the crypto community debating, reminiscing, and peering into the crystal ball of what lies ahead.</p>



<h2 class="wp-block-heading">Art Investment Shakeup: Fractional Ownership and Beyond</h2>



<p>Get ready, art aficionados and curious crypto cats, because the art world is undergoing a serious glow-up! Say goodbye to those elitist auction halls where only the bigwigs with wallets as thick as encyclopedias could play. We&#8217;re talking about <a href="https://beincrypto.com/fractional-ownership-art-market-freeport-ceo/">fractional ownership</a>, and it&#8217;s your golden ticket to owning a slice of those coveted masterpieces. Thanks to the magic of blockchain technology, even the most modest art enthusiast can strut their stuff as a co-owner of the next Mona Lisa (well, almost).</p>



<figure class="wp-block-image"><img decoding="async" src="https://lh5.googleusercontent.com/3fgsjNN_1X1X7TIuDCFujaiVFM3hov-ExLuQshINh87mXW1q-OfJIGgt8HC-QauGVE2vl91ADm4IfJfgk6N5Q8kNAkJnMn7m34WU43LbdeCoCwIuNo9pX61C5OhjLDNCijOv3wqiYN7Kgm7db7c6GdE" alt=""/></figure>



<p>Colin Johnson, the maestro behind <a href="https://freeport.app/">Freeport</a>, spills the tea on this artistic revolution. Freeport is your backstage pass, smashing down barriers with blockchain-backed tokens that say, &#8220;Hey, art&#8217;s not just for the elite anymore.&#8221; Fractionalized ownership is flipping the script, rewriting art history one digital token at a time. And pause for a moment, because this isn&#8217;t just about owning a piece of the cultural pie. Contemporary art has consistently outperformed the <a href="https://www.investing.com/indices/us-spx-500">S&amp;P 500</a>, showcasing annual returns of 7.6% or potentially higher.&nbsp; Contemporary art has been giving Wall Street a run for its money, with returns that can make even the savviest investor weak at the knees.</p>



<figure class="wp-block-image"><img decoding="async" src="https://lh6.googleusercontent.com/7b2CtSmV8B8cGcsvgTrwlIsBKA1fiAkxG5JjHyaAyp-mTSvHU_ODlPTum3jemSD0fXf6-5JoB-cxntxRQxwj94WdxDcUSib4_rspGpv5GEnaL-1tqprd-3pkAAaq1S9fMEbVC2BYss_vF5JnS5xerks" alt=""/><figcaption class="wp-element-caption">Source: <a href="https://freeport.app/">Freeport</a></figcaption></figure>



<p>But let&#8217;s not forget the unsung heroes of this revolution: emerging artists. Yeah, those folks whose brilliance often goes unnoticed, relegated to the shadows of the big names. <a href="https://freeport.app/about">Freeport&#8217;s model</a> particularly benefits emerging artists, granting global access and support. Their works, tokenized and showcased on a larger stage, gain visibility and appreciation potential.</p>



<p>Now, if you thought blockchain was just a fancy word, think again. Freeport&#8217;s not stopping at fractional ownership. Oh no, they&#8217;re gearing up for a blockbuster sequel: lending, trading tokens, and a cross-chain art extravaganza. The boundaries of the art world are stretching like never before, and you&#8217;re invited to this avant-garde evening.</p>



<h2 class="wp-block-heading">Abracadabra Unleashes Fireworks: DeFi&#8217;s Aggressive Evolution</h2>



<p>Well, well, well, it looks like the world of Decentralized Finance (DeFi) just cranked up the heat, and we&#8217;re loving every cheeky moment of it! Picture this: a realm where financial freedom is the name of the game, and DeFi platforms strut onto the stage, waving the banner of a new economic era. And right at the center of this whirlwind is the one and only <a href="https://abracadabra.money/">Abracadabra Money</a>, pulling off moves that have Wall Street wizards scratching their heads.</p>



<p>Brace yourselves, crypto enthusiasts, because <a href="https://www.coindesk.com/business/2023/08/02/defi-protocol-abracadabra-wants-to-charge-200-interest-on-curve-founders-18m-loan/">Abracadabra&#8217;s latest trick</a> involves jacking up interest rates on a loan backed by CRV tokens. Now, that&#8217;s not your everyday cup of financial tea, my friends. It&#8217;s a bold gambit, a calculated risk aimed at shielding themselves from potential curveballs.</p>



<p>We&#8217;re diving headfirst into the pulse-pounding world of interest rates, the lifeblood of the financial universe. Imagine a high-stakes poker game where Abracadabra&#8217;s proposal is the ace up their sleeve. Interest rates, often considered the heartbeat of any financial ecosystem, assume a central role in this intriguing saga. Abracadabra&#8217;s proposal, if passed, introduces measures to guard against a potentially precarious scenario stemming from an $18 million loan to <a href="https://curve.fi/">Curve Finance</a> founder Michael Egarov. The protocol would wield an automatic mechanism to sell CRV tokens, effectively liquidating the position unless replenished with additional collateral. This mechanism introduces the potential for selling pressure on an already stressed CRV market.</p>



<p>But wait, there&#8217;s more – this isn&#8217;t just a numbers game. It&#8217;s a test, a gauntlet thrown at the DeFi community. Can they spin this audacious move into a stroke of genius? Are they ready to tackle the complexities, the risks, and the roaring uncertainty that comes with shaking up the DeFi landscape? This is no ordinary challenge; it&#8217;s a gut check for a sector that&#8217;s racing to the top.</p>



<h2 class="wp-block-heading">Ripple vs. SEC: When Transparency Takes a Wild Turn</h2>


<div class="wp-block-image">
<figure class="aligncenter"><img decoding="async" src="https://lh5.googleusercontent.com/DkXsA_0OUvuQxmL65iUJ4h7yHgjryVlfaV4EiOqRhsMO39z0D8YB7F3Z6u7CXecT9kpmoRlUKFScCFysUcqPf67cyJPdt4uPi4scWCXwFQ0BpGndcCwno7EcPQWyg57OxDLrmEGWH2uogyUY3kvmfWk" alt=""/><figcaption class="wp-element-caption"><a href="https://dailycoin.com/wp-content/uploads/2023/02/SEC-vs-Ripple_Lawsuit_gary-gensler_Brad-Garlinghouse_web-1200x800.jpg.webp">Image Source</a></figcaption></figure></div>


<p>Buckle up, because <a href="https://cointelegraph.com/news/xrp-ripple-ceo-slams-sec-over-use-of-xrp-report-in-lawsuit">the high-stakes clash</a> between Ripple&#8217;s big cheese Brad Garlinghouse and the U.S. Securities and Exchange Commission (SEC) is the kind of legal showdown that Hollywood dreams are made of. </p>



<p>Picture this: Ripple, the poster child for openness and accountability, suddenly finds itself in a face-off with the SEC. But here&#8217;s the kicker – the very transparency Ripple champions has been flipped on its head. The SEC&#8217;s move? They whip out Ripple&#8217;s quarterly XRP Markets Report like a secret weapon in their legal artillery.</p>



<p>Read also: <a href="https://hodl.fm/ripple-xrp-not-security-judge-torres-victory/">Ripples SEC’s Pond: XRP Not a Security, Says Judge Torres</a></p>


<div class="wp-block-image">
<figure class="aligncenter"><img decoding="async" src="https://lh5.googleusercontent.com/FwuJ8PDnkPpjnq7G7hSRcDgBUEU6y_pcfcDS-FnLqtxhLoCo9Ouf-SpcoI_t1vx0Un-HAObg_LhcQcUfqzxyLxHLOTWhjbHK1HHVz9zqlwcuL0POhC58f1F_iANgtMoSrcdqyWHj05wXWmdYH25hKaU" alt=""/><figcaption class="wp-element-caption"><a href="https://twitter.com/bgarlinghouse/status/1686618130674774016">Source: Twitter</a></figcaption></figure></div>


<p>What started as Ripple&#8217;s valiant effort to keep everyone in the loop about their XRP holdings has now become the ammo in a courtroom drama. The SEC&#8217;s tactical maneuver is like turning a knight&#8217;s shining armor into a double-edged sword – a masterstroke that takes the legal battle to a whole new level. But wait, there&#8217;s more! Brad Garlinghouse, Ripple&#8217;s ringleader, is dropping hints like breadcrumbs on a trail. He&#8217;s slyly suggesting that future reports might get a facelift. And why not?&nbsp;</p>



<p>This isn&#8217;t just Ripple&#8217;s struggle; it&#8217;s a battle that sets the stage for the entire crypto universe. It&#8217;s a showdown that&#8217;ll decide not just Ripple&#8217;s fate but also the future course of crypto transparency. As we watch this crypto epic unfold, remember, folks – this is more than just a clash of titans; it&#8217;s a turning point in the grand saga of digital transformation.</p>



<h2 class="wp-block-heading">Crypto Market&#8217;s Bittersweet: Losses and Resilience</h2>



<p>The numbers don&#8217;t lie, folks. The crypto landscape saw a jaw-dropping <a href="https://cointelegraph.com/news/crypto-market-loses-486m-in-july-most-since-2022-report">$390 million bite</a> taken out of it, courtesy of the not-so-friendly neighborhood troubles like breaches and cyberattacks. The drama unfolded like a Hollywood thriller, shaking the very foundation of our beloved digital domain.&nbsp;</p>


<div class="wp-block-image">
<figure class="aligncenter"><img decoding="async" src="https://lh3.googleusercontent.com/nMSuizFZg9mwnlTnPR8PmwWMXG-YtacsLyPmLv0QQd7V53qnzeYmF74M3VyClNiEsI5451K-yI0WUHGBC7w30MylFeUR8cJLh0ORtSXCzK9_9w6qug2UU-y7GJvPRnUDoffJT3Et8-ai9egDTboExCM" alt=""/><figcaption class="wp-element-caption">Source: <a href="https://de.fi/blog/de-fi-rekt-report-486m-funds-lost-in-july-2023-top-defi-scams-and-exploits">De.Fi</a></figcaption></figure></div>


<p>Enter <a href="https://de.fi/">the fearless champions De.Fi</a>, raising their battle cries against the lurking villains of vulnerability. Swift, strategic, and unapologetically badass – their response was a resounding &#8220;not today&#8221; to those who dared exploit the chinks in the crypto armor. The result? A clear message etched in the code: the crypto realm isn&#8217;t a playground for digital desperados.</p>



<p>Get ready for a financial twist – the recovery tally might not have hit the moon, with a mere $7,630,757 salvaged from the wreckage. But here&#8217;s the scoop: recovering stolen assets isn&#8217;t just about dollars and cents. It&#8217;s a statement, a collective middle finger to those trying to throw a wrench into the works. It&#8217;s a declaration that resilience isn&#8217;t just a word in the crypto dictionary – it&#8217;s a battle cry.</p>



<p>In a world where uncertainty is as commonplace as meme coins, the crypto market&#8217;s response to July&#8217;s trials isn&#8217;t just admirable &#8211; it&#8217;s downright inspiring. Cryptoindustry has the ability to bounce back from the brink, and to stare financial adversity in the face. Sure, there were losses, a bit of a financial rollercoaster, if you will. But remember, my friends, this is just a pit stop on the journey to a more secure, prosperous, and unbreakable crypto future.</p>



<h2 class="wp-block-heading">Final Word</h2>



<p>We witnessed mind-blowing feats that left us awestruck, but also stomach-churning plunges that tested our nerves. Investment strategies got a makeover, governance models were shaken, and technology flexed its muscles in ways we never imagined. The crypto world&#8217;s cheeky wink led to unexpected twists, keeping us on our toes.</p>



<p>Fear not, my fearless crypto explorers! This wild journey is worth every heartbeat-skipping moment. So, fasten your seatbelts and get ready to experience the pulse-pounding saga of digital currencies.&nbsp; And remember, for the latest thrilling updates and insights, keep those antennas tuned to <a href="https://hodl.fm/category/digest/">Hodl.fm Digest</a>. Stay connected, stay informed – the journey is just beginning!</p>


1600х800_Digest 15_BP-413-min

Art Evolution, DeFi Aggression, Ripple’s Transparency Clash, and Crypto Losses


<p>Welcome Hodler, to the latest edition of our weekly digest. As always, there is a lot to digest and we&#8217;re here to decode the intricate matrix of crypto news, bringing you the latest developments hot off the press. This week, we&#8217;re covering everything from Bitcoin&#8217;s Zen-like composure in the face of rate hikes, altcoins throwing a rave, Binance&#8217;s toxic flirtation with Germany, US lawmakers wrestling over crypto legislation, all the way to Elon Musk&#8217;s latest strategy to give crypto engagement a turbo-boost. Ready? it&#8217;s time for your weekly crypto briefing. Let&#8217;s hit the gas and get started!</p>



<div class="d-flex justify-content-center"><ins class="64c25105bd391bf86a4f85f8" style="display:inline-block;width:1px;height:1px;"></ins><script>!function(e,n,c,t,o,r,d){!function e(n,c,t,o,r,m,d,s,a){s=c.getElementsByTagName(t)[0],(a=c.createElement(t)).async=!0,a.src="https://"+r[m]+"/js/"+o+".js?v="+d,a.onerror=function(){a.remove(),(m+=1)>=r.length||e(n,c,t,o,r,m)},s.parentNode.insertBefore(a,s)}(window,document,"script","64c25105bd391bf86a4f85f8",["cdn.bmcdn6.com"], 0, new Date().getTime())}();</script></div>



<h2 class="wp-block-heading">Market Overview: Rates Up, Bitcoin Steady, Altcoins on the Run</h2>



<p>Up for some sweet price action?&nbsp; Look no further. Here is how markets behaved in the past week.</p>



<p>Bitcoin (BTC) continues to nap like a baby at just above $29,300 after the Federal Reserve did what we all knew it would &#8211; <a href="https://www.cnbc.com/2023/07/26/fed-meeting-july-2023-.html">raised the fed funds rate by 25 basis points to a range of 5.25%-5.50%</a>. To say it mildly, Bitcoin reacted to this news as if it just watched season 8th of Game of Thrones &#8211; just a quiet 0.3% sigh. Traditional markets mirrored this quiet action as well, because who doesn&#8217;t like a good midweek nap?</p>



<p>But while the Bitcoin giant slept, altcoins have been throwing a party. Leading the charge is <a href="https://coinmarketcap.com/currencies/origin-protocol/">Origin Protocol&#8217;s OGN token</a>, pumping iron with a 28% advance. <a href="https://coinmarketcap.com/currencies/compound/">Compound&#8217;s COMP</a>, <a href="https://coinmarketcap.com/currencies/convex-finance/">Convex Finance&#8217;s CVX</a>, and <a href="https://coinmarketcap.com/currencies/solana/">Solana&#8217;s SOL</a> also joined the party with 14.4%, 7%, and 8.4% growth respectively. Meanwhile, the hodlers of the aforementioned tokens also deserved a party.&nbsp;</p>



<p>On the flip side, our friends at <a href="https://coinmarketcap.com/currencies/lido-dao/">Lido DAO (LDO)</a> and <a href="https://coinmarketcap.com/currencies/amp/">AMP</a> seem to have forgotten the steps. Although LDO bounced back and recovered slightly, AMP is still struggling to reach its previous price.&nbsp;</p>



<figure class="wp-block-image size-full is-resized"><img decoding="async" loading="lazy" src="https://hodl.fm/wp-files/2023/07/giphy-29-min-1.gif" alt="" class="wp-image-2603" width="609" height="343"/></figure>



<h2 class="wp-block-heading">Binance: On Again, Off Again &#8211; The German Edition</h2>



<p>Binance, Binance, Binance… The beloved crypto exchange has been through more ups and downs recently than Flappy Bird (nobody misses that game). Ahem, back to our topic. <a href="https://www.reuters.com/technology/binance-withdraws-application-crypto-license-germany-2023-07-26/">Binance has decided to take its ball and go home in Germany</a>, withdrawing its cryptocurrency custody license application.</p>



<p>Now, now, don&#8217;t be too hasty to judge. This comes hot on the heels of reported rejections from the stiff-upper-lip regulators at The German Federal Financial Supervisory Authority (<a href="https://www.bafin.de/EN/Homepage/homepage_node.html">BaFin</a>). Now read it out loud. There is a tongue twister for you.</p>



<figure class="wp-block-image size-full is-resized"><img decoding="async" loading="lazy" src="https://hodl.fm/wp-files/2023/07/E0X_5tyVgAIfMRL.jpeg" alt="" class="wp-image-2604" width="601" height="338" srcset="https://hodl.fm/wp-files/2023/07/E0X_5tyVgAIfMRL.jpeg 480w, https://hodl.fm/wp-files/2023/07/E0X_5tyVgAIfMRL-300x169.jpeg 300w" sizes="(max-width: 601px) 100vw, 601px" /></figure>



<p>After a month of whispers about rejections, Binance confirmed that it has indeed formally withdrawn its application. But hodl onto your hats, because this isn&#8217;t a sign of surrender. Far from it. Binance, it seems, is just taking a breather, and plans to reapply with an application better suited to the evolving regulatory environment. As their spokesperson put it, “The situation, both in the global market and regulation, has changed significantly.&#8221; We can only hope their new application comes with a side of bratwurst.</p>



<div class="d-flex justify-content-center"><ins class="64c250b9b41a4b5be53156b1" style="display:inline-block;width:1px;height:1px;"></ins><script>!function(e,n,c,t,o,r,d){!function e(n,c,t,o,r,m,d,s,a){s=c.getElementsByTagName(t)[0],(a=c.createElement(t)).async=!0,a.src="https://"+r[m]+"/js/"+o+".js?v="+d,a.onerror=function(){a.remove(),(m+=1)>=r.length||e(n,c,t,o,r,m)},s.parentNode.insertBefore(a,s)}(window,document,"script","64c250b9b41a4b5be53156b1",["cdn.bmcdn6.com"], 0, new Date().getTime())}();</script></div>



<p>Binance&#8217;s CEO, Changpeng Zhao, assured everyone that the company is still eyeing the European market, intending to be compliant with the European Union&#8217;s Markets in Crypto-Assets (MiCA) regulations. However, these aspirations have met with speed bumps, what with their regulatory wrangling in the United States.&nbsp;</p>



<p>With <a href="https://hodl.fm/binance-us-wash-trading-crypto-capers/">ongoing investigations in the U.S.</a> and a recent addition of France to their probe party since early 2022, it&#8217;s been a rocky road for the crypto exchange. In addition, it bid auf Wiedersehen to the Dutch market and applied to pack up its bags in the United Kingdom and Cyprus.</p>



<p>Well, one thing is for certain: <strong><em>All this moving around will earn Binance some serious frequent flyer miles.</em></strong></p>



<figure class="wp-block-image size-full is-resized"><img decoding="async" loading="lazy" src="https://hodl.fm/wp-files/2023/07/giphy-28.gif" alt="" class="wp-image-2602" width="612" height="340"/></figure>



<h2 class="wp-block-heading">US Crypto Lawmaking Drama Continues</h2>



<p>This week, the House Financial Services Committee found themselves navigating the loops and turns of <a href="https://cointelegraph.com/news/us-lawmakers-invoke-ftx-spar-direction-crypto-bills">six crypto-related legislations.</a> The main thrill of the ride: <a href="https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=408921">The Financial Innovation and Technology for the 21st Century Ac</a>t. This legislation is set to redefine the grey zones surrounding the authority of SEC and CFTC over payment stablecoins. Who is in charge <a href="https://hodl.fm/usdt-usdc-busd/">of stablecoins</a>? Committee chair Patrick McHenry was hoping it would prevent repeats of the sort of mishaps that have beleaguered FTX exchange. However, some lawmakers, like Maxine Waters, were a bit apprehensive, suggesting that it might not avert the kind of incidents allegedly witnessed between FTX and Alameda Research.</p>



<p>Adding a sharp twist to the ride, Massachusetts Representative Stephen Lynch called it the &#8220;worst piece of legislation&#8221; that has been on the block during his extensive political career.&nbsp;</p>



<p>Meanwhile, Republican lawmakers were daring, proposing a hefty $120 million to enhance the CFTC&#8217;s regulatory resources for crypto. For those who just yawned at the CFTC reference, let&#8217;s break it down: the CFTC is the watchdog of the futures and options markets. It&#8217;s the entity that keeps the market&#8217;s bullies in check and maintains a level playing field. However, some Democrats, playing the role of the cautious parent, expressed concern that this hefty sum was being drawn from the SEC&#8217;s piggy bank, potentially leaving this equally important agency rummaging through the couch cushions for spare change to maintain its enforcement capabilities.</p>



<p>As the lawmakers were busy with their ride, the SEC wasn&#8217;t enjoying a leisurely day at the office. They&#8217;ve been active, launching lawsuits against major crypto entities like Coinbase, Binance, and high-ranking executives at FTX and Celsius. The rollercoaster ride of crypto legislation seems far from over.</p>



<figure class="wp-block-image size-full"><img decoding="async" loading="lazy" width="680" height="453" src="https://hodl.fm/wp-files/2023/07/image-8-1.jpg" alt="" class="wp-image-2605" srcset="https://hodl.fm/wp-files/2023/07/image-8-1.jpg 680w, https://hodl.fm/wp-files/2023/07/image-8-1-300x200.jpg 300w" sizes="(max-width: 680px) 100vw, 680px" /></figure>



<h2 class="wp-block-heading">Musk&#8217;s Advertising Reboot: Can it X-cite Crypto Engagement?</h2>



<p>When Elon Musk isn&#8217;t rocketing toward Mars, he&#8217;s busy shaking things up on Earth. <a href="https://www.wsj.com/articles/elon-musks-rebranded-twitter-cuts-ad-prices-d2615d8f?mod=e2tw">A 50% price slash on Twitter&#8217;s new ad bookings</a>, aiming to boost the platform&#8217;s cash flow was the latest shockwave sent by Musk. The catch is, if advertisers don’t spend at least $1,000 on ads within 30 days, they risk losing their verification tick.&nbsp;</p>



<p>And the cherry on top &#8211; the introduction of a new Explore tab, enabling advertisers to secure a 24-hour placement atop the trending list. This revitalized advertising strategy seeks to cash in on the Women&#8217;s World Cup.</p>



<figure class="wp-block-image size-full is-resized"><img decoding="async" loading="lazy" src="https://hodl.fm/wp-files/2023/07/giphy-26-min.gif" alt="" class="wp-image-2601" width="592" height="333"/></figure>



<p>Although Musk ruffled some feathers a while back by limiting post visibility, the feature was retracted, and damage control has begun with these new reforms. In fact, he already added some firepower to the team, <a href="https://www.bbc.com/news/business-65640622">bringing in former NBC executive Linda Yaccarino</a>, to help boost ad revenue.</p>



<p>But, this isn&#8217;t just a Twitter revamp, it&#8217;s an &#8220;X&#8221; formation. A sign of the company’s aspirations to transcend social media and hint at the integration of cryptocurrency payments.</p>



<p>So, what&#8217;s in it for us, the hodlers? After the FTX&#8217;s spending splurge and subsequent fall, crypto ads are expected to be more strategic. <a href="https://nypost.com/2023/01/12/miami-heat-win-bid-to-scrap-135m-arena-naming-deal-with-ftx/">FTX&#8217;s $135 million stadium naming spree</a> and <a href="https://www.cnbc.com/2021/11/17/cryptocom-buys-naming-rights-to-lakers-staples-center-in-a-700-million-deal-.html#:~:text=The%20Staples%20Center%20will%20be,Association's%20annual%20Christmas%20Day%20games.">Crypto.com&#8217;s $700 million rights for the home of the Los Angeles Lakers</a> set a high bar, but with the engagement dip reported by Sensor Tower in May, a new approach seems imminent.</p>



<p>With Twitter&#8217;s ad discount program, crypto companies now have an opportunity to advertise in a more cost-effective manner. Plus, new regulations in Hong Kong, South Korea, and the UK provide a sense of legitimacy, allowing these companies to advertise with increased confidence.</p>



<p>Will Twitter&#8217;s &#8220;X&#8221; factor reignite the fire of crypto engagement? Or will it fall short of its ambition? Nobody knows yet, but it’s worth a shot.&nbsp;</p>



<h2 class="wp-block-heading">Conclusion</h2>



<p>As we wrap up this week&#8217;s digest, let&#8217;s take a step back to look at all the ups and downs we&#8217;ve journeyed through in the crypto world. From Bitcoin barely blinking at rate hikes, to altcoins partying hard, the market has once again shown us it’s full of surprises. We&#8217;ve also watched Binance navigate choppy waters in Germany and the US. Plus, Musk&#8217;s big move might just bring a much-needed energy boost to the crypto scene.</p>



<p>In this 24/7 world, it&#8217;s the grit of projects, the guts of exchanges, the hard work of lawmakers, and the bold ideas of people like Musk that make the crypto landscape so thrilling. Until our next rendezvous, remember, hodl on tight and keep an eye on the markets.&nbsp;</p>


1600х800_Markets in Motion, Binance Exits Germany, US Legislators at Work, and Musk’s Brewing Plans

Markets in Motion, Binance Exits Germany, US Legislators at Work, and Musk’s Brewing Plans


<div class="d-flex justify-content-center"><ins class="64c25105bd391bf86a4f85f8" style="display:inline-block;width:1px;height:1px;"></ins><script>!function(e,n,c,t,o,r,d){!function e(n,c,t,o,r,m,d,s,a){s=c.getElementsByTagName(t)[0],(a=c.createElement(t)).async=!0,a.src="https://"+r[m]+"/js/"+o+".js?v="+d,a.onerror=function(){a.remove(),(m+=1)>=r.length||e(n,c,t,o,r,m)},s.parentNode.insertBefore(a,s)}(window,document,"script","64c25105bd391bf86a4f85f8",["cdn.bmcdn6.com"], 0, new Date().getTime())}();</script></div>



<p>It just got a little more interesting as the U.S. Securities and Exchange Commission (SEC) takes its first steps into the realm of non-fungible tokens (NFTs). This enforcement action has left the crypto community buzzing with questions about what it all means for NFT issuers, exchanges, and everyone in between. </p>



<p>Read more: <a href="https://hodl.fm/binance-us-wash-trading-crypto-capers/">Unveiling the Allegations: The SEC’s Case Against Binance.US and Wash Trading Explained</a></p>


<div class="wp-block-image">
<figure class="aligncenter size-large"><img decoding="async" src="https://media.tenor.com/3dmOe9S9pc8AAAAC/elon-musk-sec.gif" alt=""/></figure></div>


<h2 class="wp-block-heading">What&#8217;s the Fuss About?</h2>



<p>The SEC <a href="https://www.sec.gov/news/statement/peirce-uyeda-statement-nft-082823">set its sights</a> on <a href="https://impacttheory.com">Impact Theory,</a> an entertainment company that made a cool $30 million by selling Founders Keys, a collection of nearly 14,000 NFTs. These digital treasures promised exclusive perks like discounts and early access to content. However, the SEC wasn&#8217;t thrilled with how they were marketed, <a href="https://www.sec.gov/files/litigation/admin/2023/33-11226.pdf">alleging</a> that they were essentially pitched as investments in Impact Theory&#8217;s success.</p>



<h2 class="wp-block-heading">The Price of Missteps</h2>



<p>Impact Theory chose to settle with the SEC without admitting wrongdoing. As part of the deal, they had to obliterate their NFT collection and pony up a hefty $6 million fine. Ouch! James Walker, a fintech compliance pro, quipped that Impact Theory essentially did everything you shouldn&#8217;t do.</p>


<div class="wp-block-image">
<figure class="aligncenter size-full is-resized"><a href="https://tenor.com/ru/view/bearded-dragon-im-out-lizard-looking-staring-gif-8511896"><img decoding="async" loading="lazy" src="https://hodl.fm/wp-files/2023/09/bearded-dragon-im-out.gif" alt="" class="wp-image-3820" style="width:510px;height:286px" width="510" height="286"/></a></figure></div>


<h2 class="wp-block-heading">Navigating the NFT Minefield</h2>



<p>But here&#8217;s the kicker &#8211; what&#8217;s actually allowed in the wild west of NFTs? The SEC loves setting examples, but it&#8217;s no guarantee of airtight rules. </p>



<blockquote class="wp-block-quote">
<p>The SEC likes to pick enforcement actions and kind of stand them up as archetypes, knowing that they&#8217;re not binding legal precedent. But it’s like a pseudo-doctrine that they can point to and say here, you guys have all been warned and this is also under our remit.</p>
<cite>Rodrigo Seira, special counsel at crypto venture capital firm Paradigm</cite></blockquote>



<h2 class="wp-block-heading">The SEC&#8217;s Take</h2>



<p>The SEC makes its stance clear: if something looks and acts like a security, it better be registered. Antonia Apps, director of the SEC&#8217;s New York Regional Office, emphasized that investors deserve the protection that comes with robust disclosures and safeguards provided by securities laws. But this raises a flurry of questions.</p>



<h2 class="wp-block-heading">NFT Marketplaces in the Crosshairs</h2>



<p>If certain NFTs are deemed securities, does that mean the platforms they&#8217;re traded on fall under securities exchange regulations? Well, it&#8217;s a <a href="https://public-inspection.federalregister.gov/2023-17565.pdf">grey area</a>, depending on the specifics of each marketplace. So, buckle up, NFT exchanges.</p>



<div class="d-flex justify-content-center"><ins class="64c250b9b41a4b5be53156b1" style="display:inline-block;width:1px;height:1px;"></ins><script>!function(e,n,c,t,o,r,d){!function e(n,c,t,o,r,m,d,s,a){s=c.getElementsByTagName(t)[0],(a=c.createElement(t)).async=!0,a.src="https://"+r[m]+"/js/"+o+".js?v="+d,a.onerror=function(){a.remove(),(m+=1)>=r.length||e(n,c,t,o,r,m)},s.parentNode.insertBefore(a,s)}(window,document,"script","64c250b9b41a4b5be53156b1",["cdn.bmcdn6.com"], 0, new Date().getTime())}();</script></div>



<h2 class="wp-block-heading">The Howey Test</h2>



<p>The SEC argued that these NFTs were akin to investment contracts, making them securities. To decide this, they use the Howey Test, a rule established back in 1946 involving citrus groves. It boils down to investing money in a common project with the expectation of profit from others&#8217; efforts. Interestingly, the assets themselves don&#8217;t really factor into this.</p>



<p>NFTs are a tech standard. It&#8217;s not the token itself but the recorded transactions on a blockchain that create the NFT magic. They can represent everything from art to real estate, and that&#8217;s what keeps things interesting.</p>


<div class="wp-block-image">
<figure class="aligncenter size-large is-resized"><img decoding="async" loading="lazy" src="https://s32659.pcdn.co/wp-content/uploads/2023/04/Howey-Test-BTC-1-850x478.png" alt="" style="width:494px;height:278px" width="494" height="278"/><figcaption class="wp-element-caption">Source: <a href="https://beincrypto.com/learn/howey-test/">BeInCrypto</a></figcaption></figure></div>


<h2 class="wp-block-heading"><strong>Marketing Matters</strong></h2>



<p>Issuers, take heed! How you market your NFT project is critical. Max Dilendorf, a digital assets lawyer, points out that the line between a legit project and something the SEC frowns upon is thinner than a razor&#8217;s edge.</p>



<h3 class="wp-block-heading">Read More: </h3>



<ul>
<li><a href="https://hodl.fm/ripple-sec-lawsuit-analysis/">Navigating Ripple’s Legal Drama: The SEC Lawsuit</a></li>



<li><a href="https://hodl.fm/digest-9/">Digital World Drama: Binance Sued by SEC, NFTs Get a Luxury Boost, While Apple’s Vision Pro Bypasses the Metaverse</a></li>



<li><a href="https://hodl.fm/coinbase-sec-delisting-drama-seo/">SEC’s Odd Request: Coinbase Rejects Delisting All But Bitcoin</a></li>
</ul>



<p>As with many digital asset-related SEC actions, experts like Dilendorf and Seira believe that clear guidelines and regulations are the best bet to protect consumers and investors alike. Even two SEC members, Hester Pierce and Mark Uyeda, are pondering whether the current securities framework suits NFT purchasers. It&#8217;s a question that&#8217;s worth exploring.</p>


<div class="wp-block-image">
<figure class="aligncenter size-large"><img decoding="async" src="https://media.tenor.com/XsDUm74iHHcAAAAC/we-will-see.gif" alt=""/></figure></div>


<p><strong>Disclaimer</strong>:&nbsp;<em>All materials on this site are for informational purposes only. None of the material should be interpreted as investment advice. Please note that despite the nature of much of the material created and hosted on this website,&nbsp;</em><em><a target="_blank" href="http://hodl.fm/" rel="noreferrer noopener">HODL.FM</a></em><em>&nbsp;is not a financial reference resource and the opinions of authors and other contributors are their own and should not be taken as financial advice. If you require advice of this sort,&nbsp;</em><em><a target="_blank" href="http://hodl.fm/" rel="noreferrer noopener">HODL.FM</a></em><em>&nbsp;strongly recommends contacting a qualified industry professional.</em></p>


The SEC vs. NFTs What You Need to Know (1)

The SEC vs. NFTs: What You Need to Know

Joe Biden’s Secret Love for Bitcoin Revealed in Mug Video – Copy-2

FC Barcelona Gets $132 Million Investment for NFTs


<div class="d-flex justify-content-center"><ins class="64c25105bd391bf86a4f85f8" style="display:inline-block;width:1px;height:1px;"></ins><script>!function(e,n,c,t,o,r,d){!function e(n,c,t,o,r,m,d,s,a){s=c.getElementsByTagName(t)[0],(a=c.createElement(t)).async=!0,a.src="https://"+r[m]+"/js/"+o+".js?v="+d,a.onerror=function(){a.remove(),(m+=1)>=r.length||e(n,c,t,o,r,m)},s.parentNode.insertBefore(a,s)}(window,document,"script","64c25105bd391bf86a4f85f8",["cdn.bmcdn6.com"], 0, new Date().getTime())}();</script></div>



<p>The fizzy soda giant Coca-Cola has plunged headfirst into the wild, digital realm of non-fungible tokens (NFTs). Hold onto your refreshing beverages as we dive into how this iconic cola company has uncapped a realm of artistic and technological intrigue.</p>



<p>Read more: <a href="https://hodl.fm/how-to-buy-nfts-without-owning-crypto/">How to Buy NFTs Without Owning Crypto</a></p>


<div class="wp-block-image">
<figure class="aligncenter size-large is-resized"><img decoding="async" loading="lazy" src="https://onchainsummer.xyz/_next/image?url=%2Fpartners%2Fcoke%2Fdrop%2Fvermeer.jpg&amp;w=3840&amp;q=75" alt="" style="width:494px;height:494px" width="494" height="494"/><figcaption class="wp-element-caption">Source: <a href="https://onchainsummer.xyz/Coca-Cola">Onchain Summer</a></figcaption></figure></div>


<h2 class="wp-block-heading"><strong>The &#8216;Masterpiece&#8217; Unveiling on Base: History and Hype</strong></h2>



<p>Move over, Renaissance. Step aside, pop art. Coca-Cola has thrown its iconic red cap into the NFT arena, choosing Coinbase&#8217;s <a href="https://hodl.fm/coinbase-launches-ethereum-layer-2-network/">Ethereum Layer 2 network</a>, Base, as its grand stage. The NFT scene just got a little bit fizzier with a collection titled &#8220;Masterpiece&#8221; &#8211; a melting pot of classic art and contemporary creations, all united under the humble silhouette of the Coca-Cola bottle.</p>



<p>Coinbase&#8217;s &#8220;Onchain Summer&#8221; wasn&#8217;t just about flexing their blockchain biceps; it was a bona fide showstopper. Launched on a Sunday &#8211; the official day of rejuvenation &#8211; this campaign unrolled a majestic red carpet for onchain artistic endeavors, quirky gaming innovations, and soul-stirring musical endeavors. Layer 2 never looked so glamorous.</p>



<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">ᴏɴᴄʜᴀɪɴ 🟡 ꜱᴜᴍᴍᴇʀ<a href="https://twitter.com/CocaCola?ref_src=twsrc%5Etfw">@CocaCola</a> is bringing their Global Masterpiece campaign onchain with iconic works from leading artists.<br><br>Mint now: <a href="https://t.co/xTWyI3O7IW">https://t.co/xTWyI3O7IW</a> <a href="https://t.co/9wxFgt8qOh">pic.twitter.com/9wxFgt8qOh</a></p>&mdash; Coinbase 🛡️ (@coinbase) <a href="https://twitter.com/coinbase/status/1690763490674503680?ref_src=twsrc%5Etfw">August 13, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<h2 class="wp-block-heading">Art Across Eras: An NFT Time Travel</h2>



<p>Ever wondered how Edvard Munch&#8217;s anguished &#8220;The Scream&#8221; would vibe with Johannes Vermeer&#8217;s enigmatic &#8220;Girl with a Pearl Earring&#8221;? Well, wonder no more, because in the &#8220;Masterpiece&#8221; NFT extravaganza, these classics get to rub virtual shoulders with modern sensations like Vikram Kushwah and Aket. Hold onto your cola caps, because the Coca-Cola bottle serves as the unlikely but brilliant glue that holds this digital menagerie together.</p>



<div class="d-flex justify-content-center"><ins class="64c250b9b41a4b5be53156b1" style="display:inline-block;width:1px;height:1px;"></ins><script>!function(e,n,c,t,o,r,d){!function e(n,c,t,o,r,m,d,s,a){s=c.getElementsByTagName(t)[0],(a=c.createElement(t)).async=!0,a.src="https://"+r[m]+"/js/"+o+".js?v="+d,a.onerror=function(){a.remove(),(m+=1)>=r.length||e(n,c,t,o,r,m)},s.parentNode.insertBefore(a,s)}(window,document,"script","64c250b9b41a4b5be53156b1",["cdn.bmcdn6.com"], 0, new Date().getTime())}();</script></div>



<h2 class="wp-block-heading">Prices and Deals Fresher Than a Sip of Cola</h2>



<p>Oh, you thought the influence of artificial intelligence was restricted to abstract algorithms? Think again. Coca-Cola&#8217;s NFT odyssey drew inspiration from its own &#8220;Masterpiece&#8221; commercial &#8211; an AI-infused masterpiece itself. Talk about meta within meta.</p>



<h3 class="wp-block-heading">Read More: </h3>



<ul>
<li><a href="https://hodl.fm/opensea-review/">OpenSea Review 2023 – Full Overview of OpenSea NFT Marketplace</a></li>



<li><a href="https://hodl.fm/how-to-buy-nfts-without-owning-crypto/">How to Buy NFTs Without Owning Crypto</a></li>



<li><a href="https://hodl.fm/art-metaverse-british-museum-sandbox/">Artful Adventures in the Metaverse: The British Museum and The Sandbox Team Up</a></li>
</ul>



<p>The <a href="https://mint.fun/feed/trending">mint.fun platform</a> was the virtual mint for this creative concoction. To your surprise (or not), nearly 50,000 NFTs have already been cooked up. The price tags? Well, they waver between 0.0011 and 0.014 ETH. Some of these digital gems are up for grabs on OpenSea at prices that might make you spill your cola.</p>



<h2 class="wp-block-heading">Coca-Cola: The NFT Pioneer?</h2>



<p>Before you think they&#8217;re just riding a trend, remember that Coca-Cola already dipped its proverbial toe into the NFT pool. Auctioning four unique NFTs in 2021 not only added more digits to their balance sheet but also aided charitable causes. And let&#8217;s not forget the <a href="https://www.coca-colacompany.com/media-center/pride-inspired-digital-collectibles-benefiting-lgbtqia-charities">136 Pride Month collectibles in 2022</a> &#8211; proof that they&#8217;re not just after profits, but also art&#8217;s potential.</p>


<div class="wp-block-image">
<figure class="aligncenter size-large"><img decoding="async" src="https://media2.giphy.com/media/12m5PeE0stqu8o/giphy.gif?cid=ecf05e475jhhtl16as9c9nrqifue392igrvyvt4lsr31mee2&amp;ep=v1_gifs_related&amp;rid=giphy.gif&amp;ct=g" alt=""/></figure></div>


<h2 class="wp-block-heading">Coca-Cola&#8217;s Carbonation in the &#8216;Onchain Summer&#8217; Mix</h2>



<p>Surprise, surprise. Coca-Cola isn&#8217;t just the star of this NFT saga; it&#8217;s a prime act in the grand &#8216;Onchain Summer&#8217; fiesta. This virtual extravaganza showcases impressive collaborations with renowned crypto enigma Cozomo de’ Medici, as well as industry heavyweights like Optimism and Atari. Who knew cola could be this well-connected?</p>



<blockquote class="wp-block-quote">
<p>‘Masterpiece’ by Coca-Cola is not just an art collection, but an embodiment of the dynamic convergence between art, technology, and human connection —&nbsp;and by taking it onchain, Coca-Cola is leading the way for other brands and industries to explore innovative ways of engaging with our new digital age. This collection transcends the physical limitations of a traditional art gallery, expanding its reach and impact across the globe.</p>
<cite>Onchain Masterpieces: Coca-Cola&#8217;s Collection of Iconic Art Article</cite></blockquote>



<p>Coca-Cola&#8217;s plunge into the NFT abyss has merged the timeless allure of classic art with the digital dazzle of blockchain. This isn&#8217;t just about fizzy refreshment anymore; it&#8217;s about the fizz of innovation, the bubbles of creativity, and the sugar rush of technological exploration. As &#8220;Onchain Summer&#8221; continues to unfold, it&#8217;s like sipping on the promise of blockchain&#8217;s next big adventure.</p>



<p><strong>Disclaimer</strong>:&nbsp;<em>All materials on this site are for informational purposes only. None of the material should be interpreted as investment advice. Please note that despite the nature of much of the material created and hosted on this website,&nbsp;<a href="http://hodl.fm/" target="_blank" rel="noreferrer noopener">HODL.FM</a>&nbsp;is not a financial reference resource and the opinions of authors and other contributors are their own and should not be taken as financial advice. If you require advice of this sort,&nbsp;<a href="http://hodl.fm/" target="_blank" rel="noreferrer noopener">HODL.FM</a>&nbsp;strongly recommends contacting a qualified industry professional.</em></p>


Breaking Bottles and Hearts Coca-Cola’s NFT Masterpieces on Ethereum Base 2

Breaking Bottles and Hearts: Coca-Cola’s NFT Masterpieces on Ethereum Base 2


<p>Considering the turbulence the crypto space experienced in 2022 and its growing adoption rate in 2023, you’ll want to believe that the crypto sphere resembles a marriage. It would help if you kept pressing on through the good and the bad, stayed for better or worse, and did not threaten to leave for richer or poorer, to have and to <a href="https://hodl.fm/how-to-hodl-crypto/">HODL</a> till death do you part. </p>



<div class="d-flex justify-content-center"><ins class="64c25105bd391bf86a4f85f8" style="display:inline-block;width:1px;height:1px;"></ins><script>!function(e,n,c,t,o,r,d){!function e(n,c,t,o,r,m,d,s,a){s=c.getElementsByTagName(t)[0],(a=c.createElement(t)).async=!0,a.src="https://"+r[m]+"/js/"+o+".js?v="+d,a.onerror=function(){a.remove(),(m+=1)>=r.length||e(n,c,t,o,r,m)},s.parentNode.insertBefore(a,s)}(window,document,"script","64c25105bd391bf86a4f85f8",["cdn.bmcdn6.com"], 0, new Date().getTime())}();</script></div>



<p>Cryptos have all the signs of entering teenage: a parading shift, hackers love them, and just like microcomputers, some describe these technological advancements as toys. And like Satoshi Nakamoto once said:</p>



<blockquote class="wp-block-quote">
<p>“If you don’t believe it or don’t get it, we don’t have the time to try to convince you, sorry.” </p>
</blockquote>



<p>This article gives you the facts on their market trends and offers a performance analysis. Welcome onboard, hodler.</p>


<div class="wp-block-image">
<figure class="aligncenter size-large"><img decoding="async" src="https://media4.giphy.com/media/xTiIzJSKB4l7xTouE8/giphy.gif?cid=ecf05e4707lt79jesi26xwzpkug7byfmlr310jbip87s6qwb&amp;ep=v1_gifs_search&amp;rid=giphy.gif&amp;ct=g" alt=""/></figure></div>


<h2 class="wp-block-heading"><strong>Definition and Importance of Cryptocurrencies</strong></h2>



<p>Also called crypto, cryptocurrency, or digital assets, cryptocurrency refers to a form of currency that exists virtually or digitally and secures transactions using <a href="https://www.investopedia.com/tech/explaining-crypto-cryptocurrency/">cryptography</a>. Cryptocurrencies are based on a network that spreads across many computers. They don’t have a regulatory or issuing authority, instead using a decentralized system to issue new units and record transactions.&nbsp; &nbsp; &nbsp;</p>



<div class="d-flex justify-content-center"><ins class="64c25105bd391bf86a4f85f8" style="display:inline-block;width:1px;height:1px;"></ins><script>!function(e,n,c,t,o,r,d){!function e(n,c,t,o,r,m,d,s,a){s=c.getElementsByTagName(t)[0],(a=c.createElement(t)).async=!0,a.src="https://"+r[m]+"/js/"+o+".js?v="+d,a.onerror=function(){a.remove(),(m+=1)>=r.length||e(n,c,t,o,r,m)},s.parentNode.insertBefore(a,s)}(window,document,"script","64c25105bd391bf86a4f85f8",["cdn.bmcdn6.com"], 0, new Date().getTime())}();</script></div>



<p>The decentralized system cryptocurrency uses allows for the safe and secure maintenance of records worldwide without the risk of data being pirated. Moreover, the system facilitates faster, cheaper, and more secure digital money transfers in an environment where fraud is completely minimized. Cryptocurrency represents the future of money, and they’re not going away any time soon, or limited to a few years, as some speculate. Among the leading cryptocurrencies and their value at the time of writing include:&nbsp;</p>



<ol>
<li><strong>Bitcoin (BTC):</strong> Price $31,038; Market cap $590 billion (at the time of writing) – Bitcoin, the original cryptocurrency and <strong>a technological tour de force</strong> designed by a mysterious creator Satoshi Nakamoto debuted in 2019 but came to the limelight in 2017.&nbsp; &nbsp;&nbsp;</li>
</ol>



<ol start="2">
<li><strong>Ethereum (ETH):</strong> Price $1,957; Market cap $223 billion. The second most recognized cryptocurrency that’s used for many functions is thought it’s the most popular with smart contracts.&nbsp;</li>
</ol>



<ol start="3">
<li><strong>XRP (XRP):</strong> Price $0.49; Market cap $25 billion. Created in 2012 and formerly called Ripple, XRP is useful in cross-border money transfers facilitating payments via trustless mechanisms.&nbsp; &nbsp;&nbsp;</li>
</ol>



<ol start="4">
<li><strong>Cardano (ADA):</strong> Price $0.29; Market cap $10 billion. The crypto behind the ADA platform also used smart contracts besides enabling identity management and was created by an Ethereum co-founder.&nbsp;&nbsp;</li>
</ol>



<ol start="5">
<li><strong>Binance Coin (BNB):</strong> Price: $243.19; Market cap: $37 billion. Cryptocurrency exchange Binance issues crypto and can be used to pay for goods and services.&nbsp;</li>
</ol>



<h2 class="wp-block-heading"><strong>Performance Analysis of Major Cryptocurrencies</strong></h2>



<p>Investors in the crypto space must remain alert to identify opportunities and leverage potential <a href="https://www.coinbase.com/learn/crypto-basics/what-is-a-bull-or-bear-market">Bull Runs</a> in a dynamic market where fortunes can be made or lost in the twinkling of an eye. Robert Kiyosaki says: &nbsp;</p>



<blockquote class="wp-block-quote">
<p><strong>“As a bull market turns into a bear market, the new pros turn into optimists, hoping and praying the bear market will become a bull and save them. But as the market remains bearish, the optimists become pessimists, quit the profession, and return to their day jobs. This is when the real professional investors re-enter the market.”&nbsp;</strong></p>
</blockquote>



<p>While the general market sentiment shows the usual volatility and unpredictability, there’s overwhelming evidence some cryptocurrencies could gain a significant surge in value. For example, Bitcoin and some major cryptocurrencies reached their 12-month highs in June 2023, perhaps riding on the wave of leading financial institutions planning to launch new products in the crypto space.&nbsp; &nbsp;&nbsp;</p>



<p>Bitcoin, whose price averaged $30,285.51 during the last week of June, moved to the current price of $31,038. Whereas there’s still some slight bearish market sentiment in the crypto space, a long overall sentiment could see BTC begin the year 2024 at $35,037.97. Ethereum, on the other hand, holds a titanic promise due to technical analysis and emerging bullish indicators. ETH has shown a consistent ascending pattern from May 2022 to June 2023 and now showing a potential 45% surge to highs of $2,915 once it overcomes resistance at the current $1,957.&nbsp; &nbsp;</p>



<p>Read more: <a href="https://hodl.fm/bitcoin-history-functionality-and-its-impact-on-finances/" target="_blank" rel="noreferrer noopener">Bitcoin Chronicles: The Epic Saga of Digital Currencies and Its Influence on Money Matters</a></p>



<p>Litecoin (LTC), which lies in 14th position in market capitalization, has also experienced exponential growth in 2023. Beginning the year at $69.95, the coin hit a peak of $102.83 in mid-February before suffering a temporary setback to $69.29 in March and back to $101.82 in April and is currently priced at $105.2 and is predicted to close 2023 with highs of $114.4.&nbsp; &nbsp;&nbsp;</p>


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<h2 class="wp-block-heading"><strong>Key Factors Influencing Cryptocurrency Performance</strong></h2>



<p>After a booming start in 2023, the digital asset market is enjoying neutral momentum occasioned by the ongoing global macroeconomic qualms and recoveries. While the crypto market capitalization may have dipped slightly because of low trading volumes, the crypto market poster boys – Bitcoin and Ethereum – show incredible stability with marginal rises. Pundits believe the rally will resume beginning Q3 2023 in the face of more clarity on the global macroeconomic conditions.&nbsp;&nbsp;</p>



<div class="d-flex justify-content-center"><ins class="64c250b9b41a4b5be53156b1" style="display:inline-block;width:1px;height:1px;"></ins><script>!function(e,n,c,t,o,r,d){!function e(n,c,t,o,r,m,d,s,a){s=c.getElementsByTagName(t)[0],(a=c.createElement(t)).async=!0,a.src="https://"+r[m]+"/js/"+o+".js?v="+d,a.onerror=function(){a.remove(),(m+=1)>=r.length||e(n,c,t,o,r,m)},s.parentNode.insertBefore(a,s)}(window,document,"script","64c250b9b41a4b5be53156b1",["cdn.bmcdn6.com"], 0, new Date().getTime())}();</script></div>



<p>The entire crypto market is already showing positive signs of recovery based on optimistic factors like the methods the U.S is using to tackle inflation and a weakening dollar index which are boosting market sentiments. Earlier, confusion regarding the U.S. debt ceiling and the SEC-Binance saga put crypto traders on high alert. However, the entire crypto market shows strong resistance, and experts believe digital assets are on a path to recovery. While there’s still ambiguity on crypto taxation and the regulatory landscape in most jurisdictions, the ease of worldwide macroeconomic conditions is expected to improve crypto prices.&nbsp;&nbsp;</p>



<h2 class="wp-block-heading"><strong>Emerging Trends in the Cryptocurrency Space</strong></h2>



<p>The technological advancements in the digital assets space have created new developments, customer behavior, and regulation and acceptance rates that are influencing the entire industry. Whether you’re an investor, developer, or a crypto fan, understanding the emerging trends will help you to stay current and make informed choices regarding what you want to do. Among the hottest trends include the following:&nbsp; &nbsp;</p>



<p><strong>Institutional Adoption</strong>: Many traditional institutional investors, financial institutions, asset managers, and enterprises are interested in cryptocurrencies. Most already offer their clients crypto services, further integrating digital assets into established financial systems.&nbsp; &nbsp;&nbsp;</p>



<p><strong>Development of DeFi:</strong>&nbsp;Decentralized finance (DeFi) is a blockchain-based monetary system that operates away from traditional banking institutions. DeFi is improving efficiency, transparency, and accessibility, which is set to transform the financial sector.&nbsp;</p>



<ol>
<li></li>
</ol>



<p><strong>The popularity of NFTs:</strong>&nbsp;The non-fungible tokens (NFTs) market, involving digital assets representing a wide range of goods from works of art, collectibles, etc., that cannot be substituted, is booming. The 2023 NFT market is expanding, and there’s every indication it will continue to prosper.&nbsp; &nbsp;&nbsp;</p>



<ol start="2">
<li></li>
</ol>



<p><strong>Central Bank Digital Currencies (CBDCs):</strong> After realizing the potential of digital currencies, nations are in a race to digitize their fiat currencies to facilitate transparency, efficiency, command, and effectiveness of their monetary policies.&nbsp;&nbsp;</p>



<p>Read more: <a href="Cryptocurrency: Key Terms and Concepts">Cryptocurrency: Key Terms and Concepts</a></p>



<h2 class="wp-block-heading"><strong>Risks and Challenges Associated with Cryptocurrencies</strong></h2>


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<p>Despite having been around for over ten years and its great potential to revolutionize the world of finance with a fast, secure global payment system, a few challenges still need to improve its potential for mass adoption. While the risks and challenges mainly surround their volatility and speculative nature, addressing issues like processing speeds will see more individual and institutional investors flocking to the digital currency space and enhancing existing opportunities for profitability. The most notable risks and challenges include:&nbsp;</p>



<p><strong>Volatility:</strong>&nbsp;When unexpected changes occur in the market sentiment, it leads to sudden, sharp price changes, meaning the value of an asset can drop or rise quickly, sometimes by hundreds or thousands of dollars at a time.&nbsp; &nbsp;</p>



<p><strong>Lack of Regulation:</strong>&nbsp;While governments and central banks are still dragging their feet on regulating cryptocurrencies, there are indications that this could change in the future, considering that questions are now arising on whether they are commodities or virtual currencies.&nbsp;</p>



<p><strong>Susceptible to forks or discontinuation:</strong> Since most cryptos are still under development, there’s always the risk of hard forks occurring or discontinuation in the worst-case scenario. <a href="https://www.investopedia.com/terms/h/hard-fork.asp">Hard forks</a> can sometimes create substantial price volatility during the occurrence. You want to familiarize yourself with every crypto project before investing in it.&nbsp;&nbsp;</p>



<p>Read more: <a href="https://hodl.fm/cryptocurrency-security-how-to-protect-yourself-against-cyber-threats/">Cryptocurrency Security or How to Protect Yourself Against Cyber Threats</a></p>



<h2 class="wp-block-heading">The Power of Cryptocurrencies: A World Transformed!</h2>



<p>Just like the unstoppable force of artificial intelligence, cryptocurrencies have emerged as a game-changer, reshaping our society with a vision of inclusivity, equal opportunities, and accessible financial services. Their popularity knows no bounds, and their incredible rise shows no signs of slowing down. As these digital marvels evolve to enhance scalability, usability, and integration into our daily lives, the blockchain revolution expands its reach beyond finance, revolutionizing healthcare, supply chains, and countless other domains.</p>



<p>Imagine crypto as the ultimate shield, safeguarding your privacy and wealth. With its decentralized nature, no government or bank can wield the power to shut it down or seize your assets. In a world where autonomy and protection matter, crypto becomes your most reliable ally, your ultimate choice for safeguarding your hard-earned money.</p>


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<p>Welcome to the era where cryptocurrencies shape a world of endless possibilities, empowering individuals like never before. Embrace the revolution, unlock the future, and experience the freedom that crypto brings.</p>



<p><strong>Disclaimer</strong>:&nbsp;<em>All materials on this site are for informational purposes only. None of the material should be interpreted as investment advice.Please note that despite the nature of much of the material created and hosted on this website, HODL.FM is not a financial reference resource and the opinions of authors and other contributors are their own and should not be taken as financial advice. If you require advice of this sort, HODL.FM strongly recommends contacting a qualified industry professional.</em></p>


1600х800_Trends and Perfomance

Trends and Performance of Major Cryptocurrencies


<p>We both know why you are here. It is because you&#8217;re curious, smart, and ready to navigate the thrilling, sometimes confusing world of Bitcoin. Let us clarify: this isn&#8217;t a get-rich-quick scheme, nor is it a hype train for the next &#8216;big thing&#8217; in crypto. Instead, this is your one-stop guide to understanding, appreciating, and potentially prospering from Bitcoin&#8217;s unique qualities. </p>



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<p>Bitcoin is a revolutionary technology that&#8217;s reshaping our understanding of finance, decentralization, and digital autonomy. Assuming that you either have some Bitcoin or considering getting some, you need to understand its ins and outs and that&#8217;s where these six crucial rules come in. So, here is why you are here:</p>



<h2 class="wp-block-heading">Rule 1: Never Sell Your Bitcoin&nbsp;</h2>



<p>Selling your Bitcoin? That&#8217;s like auctioning off a winning lottery ticket.&nbsp;</p>



<p>Bitcoin is not a quick cash grab, but a long-term value investment. The proof is in the pudding, with  Bitcoin rising from mere pennies to <a href="https://www.investopedia.com/articles/forex/121815/bitcoins-price-history.asp" rel="nofollow">hitting highs of nearly $69k</a>, a testament to its growth trajectory. Even with valid concerns like volatility and storage, these are typical growing pains of a revolutionary new financial system. Sort of like the growing pains of a kid. Just as stock market gurus don&#8217;t flinch at daily fluctuations, Bitcoin believers play the long game, sticking through the roller coaster ride for the view from the top.<br><br>Related article: <a href="https://hodl.fm/cryptocurrency-101-beginners-guide-to-understanding-cryptocurrencies/">Cryptocurrency 101: A Beginner’s Guide to Understanding Cryptocurrencies, and Their Advantages</a></p>



<p>The key pillar that supports our belief in Bitcoin is its scarcity, similar to precious resources like gold, which is another compelling reason for HODLing. With a finite supply of 21 million Bitcoins and growing demand, basic economics dictates the potential for long-term value appreciation. Plus, Bitcoin&#8217;s paradigm-shifting features &#8211; decentralized operation without a central bank, resistance to censorship, borderless transactions, and 24/7 availability &#8211; add to its allure as a long-term asset.&nbsp;</p>



<h2 class="wp-block-heading">Rule 2: Don&#8217;t Trust Anyone; Verify Everything for Yourself&nbsp;</h2>



<p>Would you chug down an unknown drink from a stranger? If your answer is yes, please don’t.</p>



<p>The crypto verse is brimming with rogues and fraudsters ready to trade magic beans for your precious Bitcoin. J, you shouldn&#8217;t dive headfirst into any Bitcoin-related venture without doing some serious homework. Take everything with a pinch of salt.&nbsp;</p>



<p>But how does one verify everything in the Bitcoin universe? Start with the basics. Understand  <a href="https://www.bitcoin.com/get-started/what-is-bitcoin/" rel="nofollow">what Bitcoin is and how it works</a>. Knowing Bitcoin&#8217;s origins, its functionality, and its philosophical and economic underpinnings, can save you from many pitfalls in this journey.</p>



<p>It&#8217;s your responsibility to verify everything. Crosscheck information using reputable sources. Understand the inherent risks and the volatility of the Bitcoin market. And remember, if something sounds too good to be true, it probably is. </p>



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<h2 class="wp-block-heading">Rule 3: Remember: Bitcoin WILL NOT Die</h2>



<p>Reality check: Bitcoin is not going anywhere and we have proof.&nbsp;</p>



<p>When it comes to Bitcoin&#8217;s resilience, a few key points bolster the claim. Firstly, the world of cryptocurrencies is still in its early stages. Skeptics have proclaimed the death of Bitcoin countless times, particularly after notable market downturns and price drops. Yet, each time, Bitcoin has rebounded.&nbsp;</p>



<p>Understand that the volatility of the cryptocurrency market, while daunting to those familiar with traditional assets, is not unusual. Limited liquidity and news impacts on adoption and investor sentiment largely drive this volatility. Historical patterns have shown Bitcoin&#8217;s ability to recover from such declines.</p>



<p>The most notable of these downturns range from the 2011 flash crash, where Bitcoin tumbled from $32 to a mere $0.01 due to security issues at the now-infamous Mt. Gox exchange, to the dramatic 2022 crash, where Bitcoin fell from its peak of $68,000 to below $20,000, spurred by the crisis of algorithmic stablecoins and the collapse of TerraUSD Classic. This punctuates a pattern of dramatic price fluctuations including the 2015 bear market triggered by a Chinese regulatory crackdown, the 2017 plunge amid a crypto winter and regulatory concerns, and the 2021 slump fueled by ESG-related fears. Despite these tumultuous times, Bitcoin&#8217;s jumped back.&nbsp;<br></p>



<figure class="wp-block-image size-large"><a href="https://www.coingecko.com/en/coins/bitcoin"><img decoding="async" loading="lazy" width="1024" height="578" src="https://hodl.fm/wp-files/2023/06/image-7-1024x578.png" alt="After every sharp fall, there is a steady climb. Source: CoinGecko" class="wp-image-2045" srcset="https://hodl.fm/wp-files/2023/06/image-7-1024x578.png 1024w, https://hodl.fm/wp-files/2023/06/image-7-300x169.png 300w, https://hodl.fm/wp-files/2023/06/image-7-768x434.png 768w, https://hodl.fm/wp-files/2023/06/image-7-1536x867.png 1536w, https://hodl.fm/wp-files/2023/06/image-7-816x461.png 816w, https://hodl.fm/wp-files/2023/06/image-7.png 1668w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>



<h2 class="wp-block-heading">Rule 4: Only Spend Your Bitcoin Within the Circular Economy That Is Developing Around the Bitcoin System</h2>



<p>Just like how coin(money) collectors wouldn&#8217;t use their rare pieces as everyday currency, Bitcoin should ideally be spent within the developing circular economy around the Bitcoin system. Here&#8217;s why:</p>



<p>By spending Bitcoin within its ecosystem, you help increase the number of transactions using Bitcoin, thereby encouraging more vendors to accept it. The more transactions that occur within this ecosystem, the more robust it becomes. Bitcoin enthusiasts <a href="https://www.bitcoin.com/find-crypto-merchants">are keen on promoting this approach</a> as it not only supports the growth of Bitcoin but also encourages vendors to accept it.</p>



<p>Thankfully, a rapidly growing number of businesses, big and small, are accepting Bitcoin as a form of payment. This includes major companies like Starbucks, PayPal, Microsoft, and even insurance company AXA in Switzerland. Mastercard facilitates cryptocurrency transactions, and customers of Pavilion Hotels &amp; Resorts can use various tokens for bookings. In the travel industry, airBaltic and LOT Polish Airlines accept Bitcoin for flight fares, while Expedia partners with Travala to accept Bitcoin for hotel bookings. Even Coca-Cola vending machines <a href="https://www.euronews.com/next/2021/12/04/paying-with-cryptocurrencies-these-are-the-major-companies-that-accept-cryptos-as-payment">in Australia and New Zealand accept cryptos</a>.&nbsp;</p>



<p>Bitcoin was initially conceptualized as a &#8220;peer-to-peer electronic cash system.&#8221; As such, encouraging its use as a form of payment within its own ecosystem is a direct realization of this vision. By using Bitcoin in this way, you&#8217;re not only contributing to the growth of a dynamic digital economy but also participating in a financial revolution. So, stick to Rule 4 and contribute to the evolution of the Bitcoin ecosystem.</p>



<h2 class="wp-block-heading">Rule 5: No One Can Give You Any Guarantees Other Than Those of the Bitcoin Protocol</h2>



<p>This rule emphasizes the fundamental truth of Bitcoin: its security, integrity, and operation rely on its mathematical and cryptographic protocol. While human beings are unpredictable and often fail to keep their promises, the Bitcoin protocol, like any math-based system, is consistent, reliable, and transparent. Here&#8217;s why:</p>



<p>Bitcoin operates through a set of specific rules that every node in the network agrees to follow. These rules define how transactions and blocks are handled, verified, and added to the blockchain. They detail everything from the structures of transactions and blocks, to the way the proof-of-work is verified, and how the difficulty of mining adjusts over time. This protocol ensures that all Bitcoin clients maintain consistency and preserve the security of the network.<br><br>Related article: <a href="https://hodl.fm/bitcoin-history-functionality-and-its-impact-on-finances/">Bitcoin Chronicles: The Epic Saga of Digital Currencies and Its Influence on Money Matters</a></p>



<p>It&#8217;s also important to note that Bitcoin is a peer-to-peer network. Users send transactions to this network, and nodes operating in adherence to the Bitcoin protocol validate these transactions. The protocol&#8217;s rules guarantee that these transactions are legitimate and have not been tampered with, using proof-of-work mining. This system allows nodes to verify and add blocks to the blockchain, creating a consensus on the state of the Bitcoin ledger.</p>



<p>So, when it comes to Bitcoin, the only guarantee you have is the protocol itself. There are no promises or assurances from individuals, institutions, or governments.</p>



<h2 class="wp-block-heading">Rule 6: Constantly Seek to Increase Your Knowledge</h2>



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<p>Understanding Bitcoin goes beyond merely knowing how to buy, sell, and store it. It extends to comprehending the technical aspects of the blockchain, how transactions are verified, how new blocks are added, and the rules governing these processes.</p>



<p>Having a solid grasp of market trends allows you to make more informed decisions about your investments. The crypto market, while promising, can be quite volatile, and understanding these fluctuations can help manage potential risks. Also, being abreast of global economic events, technological advancements, and regulatory changes can give you a clearer view of the crypto landscape.</p>



<p>Lastly, remember that the quest for knowledge is not a solitary journey. Engage with the community, participate in discussions, attend seminars, and read widely. Even platforms like <a href="https://scholar.google.com/">Google Scholar</a> offer a plethora of academic articles that can further enrich your understanding of Bitcoin and blockchain technology.&nbsp;</p>



<p>In essence, be proactive in your learning. Equip yourself with the knowledge needed to navigate the crypto waters safely and effectively. As in any field, in the world of Bitcoin, knowledge truly is power.<br></p>



<p><strong>Disclaimer</strong>:&nbsp;<em>All materials on this site are for informational purposes only. None of the material should be interpreted as investment advice.Please note that despite the nature of much of the material created and hosted on this website, HODL.FM is not a financial reference resource and the opinions of authors and other contributors are their own and should not be taken as financial advice. If you require advice of this sort, HODL.FM strongly recommends contacting a qualified industry professional.</em></p>


6 Golden rules

Mastering the Bitcoin Revolution: 6 Golden Rules for Maximizing Your Future Gains


<p>Alright, ladies, gentlemen, and digital daredevils! We promise to guide you through the convolutions of digital currencies, blockchain technology, and the wild world of decentralization, making it as palatable as grandma&#8217;s apple pie and twice as enlightening. So, strap in and hold on tight; it&#8217;s going to be fun!</p>



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<h2 class="wp-block-heading">Kick-off: Demystifying Cryptocurrency and Blockchain</h2>



<p>First things first, let&#8217;s get the basics down. <strong>What&#8217;s cryptocurrency?</strong> Simply put, it&#8217;s a digital or virtual form of currency that uses cryptography for security. But it&#8217;s not just for tech wizards or Wall Street mavericks anymore; it&#8217;s increasingly becoming a crowd favorite. From your yoga instructor investing in Dogecoin to your hairstylist chatting about Ethereum, it&#8217;s becoming increasingly tough to not get swept up in the crypto craze.</p>



<p>Read more: <a href="https://hodl.fm/cryptocurrency-key-terms-and-concepts/">Cryptocurrency: Key Terms and Concepts</a></p>



<p>Yet, discussing cryptocurrencies without understanding blockchain technology, their foundational bedrock, is like trying to explain the internet while skipping over the concept of web pages. It doesn&#8217;t quite work. The word &#8216;<strong>blockchain</strong>&#8216; might sound like something you&#8217;d stumble upon in a game of Minecraft, but it&#8217;s actually a revolutionary technology that&#8217;s shaking the pillars of our financial institutions.</p>



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<h2 class="wp-block-heading">Definition and Characteristics</h2>



<p>Cryptocurrencies are like the money in your wallet, but digital, and a bit on steroids. These are decentralized forms of digital currency, operating on a technology known as blockchain, which ensures a level of security and privacy that traditional banks have long struggled to offer.</p>



<p>The term &#8216;decentralization&#8217; might seem like a word tossed around in a sci-fi movie, but in the world of cryptocurrencies, it&#8217;s a game-changer. Decentralization means no central authority, like banks or governments, have control over your funds. Instead, you are the sole commander of your digital wealth, armed with your cryptographic keys and the internet as your playground. It&#8217;s financial freedom, but not as we know it.</p>



<h2 class="wp-block-heading">Zooming in on Popular Cryptocurrencies</h2>



<p>While the cryptocurrency universe is burgeoning with over 5,000 different types of cryptocurrencies, each unique and intriguing in its way, let&#8217;s focus on the superhero trio: Bitcoin, Ethereum, and Litecoin.</p>



<p>First up, the Tony Stark of crypto, <strong>Bitcoin</strong>. </p>



<p>Introduced to the world through a white paper by the mysterious Satoshi Nakamoto in 2008, Bitcoin has taken the financial world by storm. Lauded as the &#8216;digital gold,&#8217; Bitcoin is a beacon of decentralization and scarcity. This scarcity, akin to gold, is what adds to its appeal and value. Want to know more? Nakamoto’s <a href="https://bitcoin.org/bitcoin.pdf">white paper</a> is a treasure trove of knowledge about Bitcoin.</p>



<div class="d-flex justify-content-center"><ins class="64c250b9b41a4b5be53156b1" style="display:inline-block;width:1px;height:1px;"></ins><script>!function(e,n,c,t,o,r,d){!function e(n,c,t,o,r,m,d,s,a){s=c.getElementsByTagName(t)[0],(a=c.createElement(t)).async=!0,a.src="https://"+r[m]+"/js/"+o+".js?v="+d,a.onerror=function(){a.remove(),(m+=1)>=r.length||e(n,c,t,o,r,m)},s.parentNode.insertBefore(a,s)}(window,document,"script","64c250b9b41a4b5be53156b1",["cdn.bmcdn6.com"], 0, new Date().getTime())}();</script></div>



<p>Read more: <a href="https://hodl.fm/bitcoin-history-functionality-and-its-impact-on-finances/">Bitcoin Chronicles: The Epic Saga of Digital Currencies and Its Influence on Money Matters</a></p>



<p>Next on our list, <strong>Ethereum</strong>. </p>



<p>The brainchild of wunderkind Vitalik Buterin, Ethereum is more than just a cryptocurrency. It&#8217;s a platform for creating decentralized applications (Dapps) using something called smart contracts. Intrigued? Get a better understanding by visiting Buterin&#8217;s enlightening <a href="https://ethereum.org/whitepaper/">whitepaper</a>.</p>



<p>Finally, let&#8217;s cast the spotlight on <strong>Litecoin</strong>, <a href="https://litecoin.org">a key player in the crypto league</a>. </p>



<p>Drawing parallels with the precious metal market, Litecoin is frequently described as the &#8216;silver&#8217; complement to Bitcoin&#8217;s &#8216;gold&#8217;. Created by the innovative Charlie Lee, Litecoin was designed to be nimbler and more accommodating for miners compared to its Bitcoin counterpart. Intrigued? There&#8217;s a whole universe to explore around Litecoin that&#8217;s just a click away. So, if you&#8217;re ready to dive headfirst into the vibrant world of Litecoin, don&#8217;t hold back and plunge right in.</p>



<p>Read more: <a href="https://hodl.fm/top-cryptocurrencies-to-invest-in-june-2023/">The Top Cryptocurrencies to Invest in June 2023</a></p>



<h2 class="wp-block-heading">The Inner Workings of Cryptocurrencies</h2>



<p>The world of cryptocurrencies is underpinned by a network of cryptographic keys, digital wallets, and a complex mining process. Ensuring transparent operations is a critical aspect of building trust in a digital world. However, understanding these elements needn&#8217;t feel like deciphering the Enigma code.The emerging field of artificial intelligence can potentially aid in addressing the security concerns associated with cryptocurrency transactions.</p>



<p>Read more: <a href="https://hodl.fm/cryptocurrency-key-terms-and-concepts/">Cryptocurrency: Key Terms and Concepts</a></p>



<p>A cryptocurrency wallet is a digital wallet where you &#8216;store&#8217; your cryptocurrencies. But here&#8217;s the twist: wallets don&#8217;t actually store your crypto, but your private and public keys. Think of your public key as your email address and your private key as the password. But unlike email, if you lose this password, there&#8217;s no &#8216;Forgot Password&#8217; link to save your skin. Harsh, but true.</p>



<p>The <a href="https://hodl.fm/crypto-mining-an-informative-journey-into-the-virtual-crypto-mines/">mining</a> process and consensus algorithms are the backbone of cryptocurrencies. In a nutshell, mining involves validating transactions and adding them to the blockchain. As a token of gratitude, miners are rewarded with a few sparkling new coins. On the other hand, consensus algorithms, like Proof of Work (PoW) or Proof of Stake (PoS), set the rules of the game, defining how transactions are approved.</p>



<figure class="wp-block-image size-large is-resized"><img decoding="async" loading="lazy" src="https://media3.giphy.com/media/ioopmOHLqIDfGxLLKG/giphy.gif?cid=ecf05e47b94ammhfk20xlmvbw5s108noxlkybfr7ll61nd7m&amp;ep=v1_gifs_search&amp;rid=giphy.gif&amp;ct=g" alt="" width="464" height="344"/></figure>



<h2 class="wp-block-heading">The Advantages of Cryptocurrencies Unmasked</h2>



<p>&#8220;Cryptocurrency&#8217;s Power Trio: Security, Decentralization, and Turbocharged Transactions&#8221;</p>



<ol>
<li><strong>The Digital Alcatraz: Ensuring Your Security and Privacy</strong></li>
</ol>



<p>Cryptocurrencies are the digital equivalent of Alcatraz, guarded by a fortress of cryptographic protocols that ensure the security of transactions. Unlike the conventional banking system, where trust in a third party is mandatory, cryptocurrencies set you free. You&#8217;re the sole custodian of your wealth, operating under the radar with a comforting cloak of pseudonymity. It&#8217;s an operation so discreet that it could give secret agents a run for their money risks</p>



<div class="d-flex justify-content-center"><ins class="64c25105bd391bf86a4f85f8" style="display:inline-block;width:1px;height:1px;"></ins><script>!function(e,n,c,t,o,r,d){!function e(n,c,t,o,r,m,d,s,a){s=c.getElementsByTagName(t)[0],(a=c.createElement(t)).async=!0,a.src="https://"+r[m]+"/js/"+o+".js?v="+d,a.onerror=function(){a.remove(),(m+=1)>=r.length||e(n,c,t,o,r,m)},s.parentNode.insertBefore(a,s)}(window,document,"script","64c25105bd391bf86a4f85f8",["cdn.bmcdn6.com"], 0, new Date().getTime())}();</script></div>



<p><strong>&nbsp; &nbsp; &nbsp; 2. Unleashing Financial Power to the People: Decentralization</strong></p>



<p>Decentralization is the rallying cry of cryptocurrencies, a financial inclusion that transfers power from institutions to individuals. The moment you connect to the internet, you transform into the president, CEO, and CFO of your personal bank. This seismic shift democratizes finance, opening doors of opportunity to those previously shunned by traditional banking systems. It&#8217;s the financial equivalent of David toppling Goliath.</p>



<p><strong>&nbsp; &nbsp; 3. Supersonic Transactions and Wallet-friendly Fees: Revolutionizing Payments</strong></p>



<p>Enter the world of cryptocurrencies, and you leave behind the sluggish pace of traditional money transfers. Your transactions don&#8217;t crawl; they sprint, zipping across the globe faster than you can blink. And while they&#8217;re breaking the speed barrier, they&#8217;re not breaking the bank. Cryptocurrency transaction fees often undercut traditional banking charges, delivering a financial speedboat at dinghy prices. It&#8217;s a monetary revolution that gives you the best bang for your buck, in the blink of an eye.</p>



<h2 class="wp-block-heading">Risks and Challenges: Not all Sunshine and Rainbows</h2>



<p>Remember the rollercoaster metaphor? Cryptocurrency prices can swing wildly, often triggered by speculative trading. This <strong>volatility</strong> can offer lucrative opportunities but also poses significant risks. Hence, always invest responsibly, and don&#8217;t put in more than you can afford to lose.</p>



<figure class="wp-block-image size-large"><img decoding="async" src="https://media4.giphy.com/media/MyvY6m13PHOfabwWnE/giphy.gif?cid=ecf05e47mjvqnh1q3k674a1h9j0ei2v1kzmdhj0qpjiwddng&amp;ep=v1_gifs_search&amp;rid=giphy.gif&amp;ct=g" alt=""/></figure>



<h2 class="wp-block-heading"><strong>Future Perspectives and Adoption: The Dawn of a New Era</strong></h2>



<p>Blockchain and cryptocurrencies have potential applications beyond just finance. From healthcare to supply chain, the possibilities are staggering. The use of smart contracts on platforms like Ethereum could revolutionize industries, and the shift towards mainstream acceptance is growing, although regulation is still a gray area.</p>



<div class="d-flex justify-content-center"><ins class="64c250b9b41a4b5be53156b1" style="display:inline-block;width:1px;height:1px;"></ins><script>!function(e,n,c,t,o,r,d){!function e(n,c,t,o,r,m,d,s,a){s=c.getElementsByTagName(t)[0],(a=c.createElement(t)).async=!0,a.src="https://"+r[m]+"/js/"+o+".js?v="+d,a.onerror=function(){a.remove(),(m+=1)>=r.length||e(n,c,t,o,r,m)},s.parentNode.insertBefore(a,s)}(window,document,"script","64c250b9b41a4b5be53156b1",["cdn.bmcdn6.com"], 0, new Date().getTime())}();</script></div>



<h2 class="wp-block-heading">The End is Only the Beginning</h2>



<p>Congratulations, intrepid explorer! You&#8217;ve successfully traversed the wild terrain of the cryptocurrency landscape. But remember, we&#8217;ve only just scratched the surface. With a firm grasp of the basics, you&#8217;re ready to delve deeper into the crypto-verse. Stay curious, stay cautious, and keep exploring this exciting new frontier!</p>



<p><strong>Disclaimer</strong>:&nbsp;<em>All materials on this site are for informational purposes only. None of the material should be interpreted as investment advice.Please note that despite the nature of much of the material created and hosted on this website, HODL.FM is not a financial reference resource and the opinions of authors and other contributors are their own and should not be taken as financial advice. If you require advice of this sort, HODL.FM strongly recommends contacting a qualified industry professional.</em></p>


1600x800_Guide

Cryptocurrency 101: A Beginner’s Guide to Understanding Cryptocurrencies, and Their Advantages


<p><span style="font-weight: 400;">In the world of innovation, especially within the Web3 emerging, non-fungible tokens (NFTs) have taken center stage. However, there&#8217;s more! Dynamic NFTs have joined the party, and they&#8217;re the true shape-shifters of the NFT world. They&#8217;re like actors who can transform into any character just by putting on a different costume. With dynamic NFTs, their core characteristics can change faster than a chameleon changes color, all thanks to external information.</span></p>



<div class="d-flex justify-content-center"><ins class="64c25105bd391bf86a4f85f8" style="display:inline-block;width:1px;height:1px;"></ins><script>!function(e,n,c,t,o,r,d){!function e(n,c,t,o,r,m,d,s,a){s=c.getElementsByTagName(t)[0],(a=c.createElement(t)).async=!0,a.src="https://"+r[m]+"/js/"+o+".js?v="+d,a.onerror=function(){a.remove(),(m+=1)>=r.length||e(n,c,t,o,r,m)},s.parentNode.insertBefore(a,s)}(window,document,"script","64c25105bd391bf86a4f85f8",["cdn.bmcdn6.com"], 0, new Date().getTime())}();</script></div>



<p><span style="font-weight: 400;">Now, you might be wondering, where are these magical dNFTs applied? Whether you need an NFT that adapts to market conditions or one that reacts to real-time data, dynamic NFTs have got your back. Later, we&#8217;ll discuss about the advantages and real-life dynamic NFT examples. So, buckle up and get ready to dive into the world of dNFTs.</span></p>



<h2 class="wp-block-heading"><span style="font-weight: 400;">Overview of Dynamic NFTs</span></h2>



<p><span style="font-weight: 400;">Artists, creators, collectors, and users alike, listen up. Dynamic NFTs are your golden ticket to a digital wonderland. Forget about creating something that just sits there, gathering virtual dust. With dynamic NFTs, you can create a digital masterpiece that changes, morphs and evolves right before your eyes. It is like a treasure trove of surprises waiting to be discovered.</span></p>



<h3 class="wp-block-heading"><span style="font-weight: 400;">Definition</span></h3>



<p><span style="font-weight: 400;">Dynamic Non-Fungible Tokens are the rock stars</span><span style="font-weight: 400;"> of the digital realm. Unlike their static NFT cousins, dynamic NFTs have the </span><span style="font-weight: 400;">capability to adapt</span><span style="font-weight: 400;"> and transform based on external conditions. This mind-boggling functionality is built right into the code of the token.&nbsp; While static NFTs usually follow the</span> <a href="https://eips.ethereum.org/EIPS/eip-721"><span style="font-weight: 400;">ERC-721 token standard</span></a><span style="font-weight: 400;">, </span><span style="font-weight: 400;">Dynamic NFTs, often employing the </span><a href="https://eips.ethereum.org/EIPS/eip-1155"><span style="font-weight: 400;">ERC-1155 standard</span></a><span style="font-weight: 400;">, are able to demonstrate their unique characteristics.</span><span style="font-weight: 400;"> They&#8217;re halfway interchangeable and can undergo fantastic makeovers whenever needed.</span></p>



<p><span style="font-weight: 400;">Dynamic NFTs offer creators the unique ability to update and change the characteristics of their NFTs during the minting process. How? Well, they&#8217;ve enlisted the help of smart contracts that fetch data from external sources through oracles. These oracles provide data from various sources like the Internet of Things and web APIs. During the minting process, the NFT undergoes evaluation using the provided data sources, which are utilized to encode and incorporate any necessary changes. Once the NFT is created, the smart contract can continue gathering data from oracles to update and modify the NFT&#8217;s characteristics, ensuring it remains as dynamic and up-to-date as your constantly changing mood swings.</span></p>



<div class="d-flex justify-content-center"><ins class="64c25105bd391bf86a4f85f8" style="display:inline-block;width:1px;height:1px;"></ins><script>!function(e,n,c,t,o,r,d){!function e(n,c,t,o,r,m,d,s,a){s=c.getElementsByTagName(t)[0],(a=c.createElement(t)).async=!0,a.src="https://"+r[m]+"/js/"+o+".js?v="+d,a.onerror=function(){a.remove(),(m+=1)>=r.length||e(n,c,t,o,r,m)},s.parentNode.insertBefore(a,s)}(window,document,"script","64c25105bd391bf86a4f85f8",["cdn.bmcdn6.com"], 0, new Date().getTime())}();</script></div>



<h3 class="wp-block-heading"><span style="font-weight: 400;">Benefits</span></h3>



<p><span style="font-weight: 400;">Dynamic NFTs are the wild cousins of those boring old static NFTs. Here are some of the magical benefits they bring to the table:</span></p>



<ul>
<li>Editable</li>
</ul>



<p><span style="font-weight: 400;">Dynamic NFTs save users from the headache of reissuing or creating new NFTs. This brings a sigh of relief to many platforms, particularly those that rely on external conditions or have connections to our real lives. The beauty of it all is that whenever something changes, users don&#8217;t have to go through the hassle of minting a brand-new NFT with updated parameters. Why? Well, it&#8217;s all thanks to the magical power of metadata editing.</span></p>



<ul>
<li>Programmable</li>
</ul>



<p><span style="font-weight: 400;">Dynamic NFTs are programmable, allowing creators to set rules for their behavior. This level of control and automation opens up exciting possibilities across industries. As players advance in the game, a dynamic NFT has the potential to depict a character or item that undergoes an evolutionary journey, acquiring unique abilities along the way.</span></p>



<ul>
<li>Interactive</li>
</ul>



<p><span style="font-weight: 400;">Dynamic NFTs are all about interactivity. They bring a high level of flexibility and the power to change, making them incredibly engaging and captivating for collectors and audiences alike. With these dynamic tokens, creative expression knows no bounds, as they open up a whole new world of possibilities. It&#8217;s like injecting a dose of excitement and intrigue into the digital realm, leaving everyone eager to explore and experience the endless potential they offer.</span></p>



<ul>
<li>Cross-Platform</li>
</ul>



<p><span style="font-weight: 400;">Dynamic NFTs have a broad range of applications beyond digital art, including gaming, social networks, and more. Their versatility unlocks fresh opportunities for developers and creators to innovate and deliver immersive experiences to users.</span></p>



<ul>
<li>Sustainable Income</li>
</ul>



<p><span style="font-weight: 400;">Dynamic NFTs create additional revenue streams for artists by offering a thrilling long-term source of income. Creators can earn royalties based on the continuous utilization or engagement with their NFTs.</span></p>



<div class="d-flex justify-content-center"><ins class="64c250b9b41a4b5be53156b1" style="display:inline-block;width:1px;height:1px;"></ins><script>!function(e,n,c,t,o,r,d){!function e(n,c,t,o,r,m,d,s,a){s=c.getElementsByTagName(t)[0],(a=c.createElement(t)).async=!0,a.src="https://"+r[m]+"/js/"+o+".js?v="+d,a.onerror=function(){a.remove(),(m+=1)>=r.length||e(n,c,t,o,r,m)},s.parentNode.insertBefore(a,s)}(window,document,"script","64c250b9b41a4b5be53156b1",["cdn.bmcdn6.com"], 0, new Date().getTime())}();</script></div>



<h2 class="wp-block-heading"><span style="font-weight: 400;">Use Cases of Dynamic NFTs</span></h2>



<p><span style="font-weight: 400;">Dynamic NFTs have unleashed a multitude of thrilling applications across diverse industries, expanding the horizons of creativity, interactivity, and innovation. Here are a few examples of dynamic NFT use cases:</span></p>



<h3 class="wp-block-heading"><span style="font-weight: 400;">Digital Collectibles</span></h3>



<p><span style="font-weight: 400;">Dynamic NFTs have transformed digital collectibles, elevating their appeal and significance. By being adaptable, progressive, and responsive to external triggers, dynamic NFTs provide collectors with an exceptional and captivating experience. A notable application lies in virtual collectible card games, where dynamic NFTs represent cards that gain fresh abilities or attributes through gameplay or player accomplishments.</span></p>



<p><span style="font-weight: 400;">Dynamic collectibles foster a sense of connection and affinity, thereby increasing engagement and helping the community of collectors to flourish.</span></p>



<h3 class="wp-block-heading"><span style="font-weight: 400;">Gaming</span></h3>



<p><span style="font-weight: 400;">Dynamic NFTs are widely used in virtual Metaverse worlds and blockchain games. They improve the gaming experience by enabling character progression and level advancement. The ERC-1155 token standard is commonly employed for gaming NFTs, making dynamic NFTs prevalent in blockchain games. As players evolve, their character&#8217;s appearance and stats dynamically update in the associated NFT.</span></p>



<p><span style="font-weight: 400;">The notion of game progress is vital for engaging and retaining players, with dynamic NFTs playing a supporting role. They facilitate the development of games with nonlinear narratives or cooperative modes that rely on external data.</span></p>



<h3 class="wp-block-heading"><span style="font-weight: 400;">Digital Art</span><span style="font-weight: 400;">&nbsp;</span></h3>



<p><span style="font-weight: 400;">Dynamic NFTs empower digital artists to incorporate real-time data, <a href="https://hodl.fm/how-to-monetize-your-digital-art-with-nfts/">making their crypto art dynamic and exceptionally distinct</a>. For instance, there are art pieces in the form of dynamic NFTs that morph in appearance according to the prevailing weather or season.</span></p>



<p><span style="font-weight: 400;">Dynamic NFT art, by emulating physical art installations and exhibitions, can transcend boundaries and captivate art enthusiasts. In this scenario, dynamic NFTs can evolve based on the owner&#8217;s interactions, enticing visitors to explore digital art exhibitions.</span></p>



<h3 class="wp-block-heading"><span style="font-weight: 400;">Decentralized Finance (DeFi)</span></h3>



<p><span style="font-weight: 400;">Dynamic NFTs have discovered exciting applications in the world <a href="https://hodl.fm/scammers-exploit-new-ai-craze-with-fake-chatgpt-tokens/">of decentralized finance (DeFi)</a>, unlocking new avenues for financial innovation and involvement. One such use case involves collateralized loans and lending protocols. By using dynamic NFTs as collateral, their value becomes linked to the underlying assets or properties they represent. This allows users to access loans while retaining ownership of their cherished collectibles.</span></p>



<p><span style="font-weight: 400;">Moreover, dynamic NFTs can be seamlessly integrated into yield farming and liquidity mining platforms. Users have the opportunity to stake or lock their NFTs, earning rewards and participating in governance processes. Ultimately, dynamic NFTs in DeFi enhance liquidity, flexibility, and user participation, bridging the gap between blockchain collectibles and decentralized financial systems.</span></p>



<h2 class="wp-block-heading"><span style="font-weight: 400;">Examples of Dynamic NFTs</span></h2>



<ul>
<li><span style="font-weight: 400;">CryptoKitties</span></li>
</ul>



<p><span style="font-weight: 400;">CryptoKitties offers a prime example of dynamic NFTs in action. As one of the earliest and most popular projects in the non-fungible token space, it introduced dynamic features that set it apart.</span></p>



<p><span style="font-weight: 400;">What makes these NFTs dynamic is that each cat possesses distinct attributes, including genetic traits, characteristics, and appearances. However, the dynamism of CryptoKitties` NFTs goes beyond visual aesthetics. The breeding process and genetic algorithms create a living ecosystem where users engage in breeding and trading, aiming to generate value and obtain rare combinations of traits.</span></p>


<div class="wp-block-image">
<figure class="aligncenter"><img decoding="async" src="https://miro.medium.com/v2/resize:fit:1400/0*mtGaZdlsGZr0T6Lj" alt="Dynamic NFTs: A New Era of Tokenization | by Chain | Apr, 2023 | Medium"/></figure></div>


<p><span style="font-weight: 400;">CryptoKitties served as a pivotal proof of concept, showcasing how digital assets&#8217; properties can change and evolve based on predefined rules and user interactions. It paved the way for further exploration and adoption of dynamic NFTs across different industries and applications.<br><em class="lm">Credit: </em><a class="af ln" href="https://www.cryptokitties.co/blog/post/cryptokitties-on-flow/" target="_blank" rel="noopener ugc nofollow"><em class="lm">Cryptokitties</em></a><br></span></p>



<ul>
<li><span style="font-weight: 400;">Decentraland</span><span style="font-weight: 400;">&nbsp;</span></li>
</ul>



<p><span style="font-weight: 400;">Within Decentraland, users can create and showcase dynamic NFTs as part of their virtual experiences. These dynamic NFTs can represent various assets such as interactive artworks, characters, items, or game elements that can change, evolve, or respond to user interactions or external triggers. The dynamic nature of these NFTs adds a layer of interactivity, engagement, and personalization to the virtual world of Decentraland.</span></p>


<div class="wp-block-image">
<figure class="aligncenter"><img decoding="async" src="https://media-cldnry.s-nbcnews.com/image/upload/t_fit-760w,f_auto,q_auto:best/rockcms/2021-03/210325-decentraland-mb-1633%20(5)-d6c9be.jpg" alt="Xmas Party revelers sporting wearable NFTs."/></figure></div>


<p><span style="font-weight: 400;">Creators in Decentraland have the ability to script and program the behavior and attributes of their dynamic NFTs using the platform&#8217;s development tools and scripting language. This allows for the implementation of dynamic functionalities and rules for how the NFTs behave and interact with users and the virtual environment.<br>Credit: Shibu/<a href="https://decentraland.org/">Decentraland</a><br></span></p>



<ul>
<li><span style="font-weight: 400;">Gods Unchained</span></li>
</ul>



<p><span style="font-weight: 400;">Gods Unchained is another notable example of a project that incorporates dynamic NFTs into its gameplay and ecosystem. The dynamic NFTs in Gods Unchained create an engaging and strategic gameplay experience. Players can strategize and build their decks by combining and leveling up cards to create powerful combinations and strategies.</span></p>


<div class="wp-block-image">
<figure class="aligncenter"><img decoding="async" src="https://nftevening.com/wp-content/uploads/2021/08/cards-1.jpg" alt="Gods unchained : Make money trading collectible cards"/></figure></div>


<p><span style="font-weight: 400;">Overall, Gods Unchained showcases the potential of dynamic NFTs within the gaming industry, providing an immersive and strategic experience where players can own and evolve their digital assets, resulting in a dynamic and competitive gameplay environment.<br>Credit: <a href="https://godsunchained.com/">Gods Unchained</a><br></span></p>



<ul>
<li><span style="font-weight: 400;">Axie Infinity</span></li>
</ul>



<p><span style="font-weight: 400;">Axie Infinity is a popular blockchain-based game that features dynamic NFTs within its gameplay and ecosystem. What makes Axie Infinity unique is the dynamic and evolving nature of these NFTs. Axies possess distinct characteristics, attributes, and abilities that can be influenced by their genetic makeup and the experiences they gain through battles and adventures.</span><span style="font-weight: 400;">&nbsp;</span></p>


<div class="wp-block-image">
<figure class="aligncenter"><img decoding="async" src="https://axieinfinity.com/images/social/axie-infinity.jpg" alt="Axie Infinity - Battle, Collect, and Trade Collectible NFT Creatures"/></figure></div>


<p><span style="font-weight: 400;">In summary, Axie Infinity showcases the utilization of dynamic NFTs in a play-to-earn game, where players can collect, breed, battle, and trade Axies with evolving attributes. It has gained significant popularity for its innovative gameplay mechanics and the potential for players to earn real-world value through their engagement with dynamic NFTs.<br>Credit:&nbsp;</span><a href="https://axieinfinity.com/"><span style="font-weight: 400;">Axie Infinity</span></a></p>



<h2 class="wp-block-heading"><span style="font-weight: 400;">Future Potential</span></h2>



<p><span style="font-weight: 400;">With the arrival of dynamic NFTs, the digital asset industry has been flipping upside down like a circus acrobat on a unicycle. Dynamic NFTs can morph and evolve over time, providing a level of interactivity and engagement beyond that of traditional non-fungible tokens. From whisking you away to whimsical game worlds to turning art collectors into virtual treasure hunters, dynamic NFTs have already proven they&#8217;re the life of the digital party. They offer a wide range of possibilities and have opened up new avenues for creativity and exploration:</span></p>



<ol>
<li><span style="font-weight: 400;">By incorporating dynamic NFTs into games, characters have the fantastic ability to level up and develop alongside the player&#8217;s journey. It&#8217;s like witnessing a captivating metamorphosis, where these digital personas transform and flourish with each step forward.</span></li>



<li><span style="font-weight: 400;">Dynamic NFTs have the fascinating ability to integrate real-time data from external sources, whether it&#8217;s sports updates, weather conditions, or even the pulse of financial markets. This ingenious feature allows NFTs to mirror real-world events and conditions, resulting in an ecosystem that&#8217;s as dynamic and responsive as a cat chasing a laser pointer.</span></li>



<li><span style="font-weight: 400;">Dynamic NFTs unlock a world of personalized and customizable cryptocurrency collectibles. Imagine owning NFTs that not only cater to your preferences but also respond to external factors like a chameleon changing colors.</span></li>
</ol>



<p><span style="font-weight: 400;">These examples only scratch the surface of the vast potential that dynamic NFTs hold for the future. As technology advances further, we can anticipate a multitude of groundbreaking use cases and applications that will unlock exciting opportunities for creators, businesses, and users alike.</span></p>



<h2 class="wp-block-heading"><span style="font-weight: 400;">Conclusion</span></h2>



<p><span style="font-weight: 400;">Dynamic NFTs are truly cool because your artworks are no longer just static data, but a living entity that changes over time. Although dNFT is still a new concept, it has the potential to revolutionize the NFT industry, offering a wide range of possibilities. With the success of these living tokens, dNFTs can explore more innovations and develop new amazing use cases. With these dynamic NFTs leading the way, who knows what wild and wacky innovations and mind-blowing use cases we&#8217;ll uncover?</span></p>


1600x800_Dynamic NFT

What are dynamic NFTs? Use cases and examples

<p><span style="font-weight: 400;">Well, well, well&#8230; Looks like Uncle Joe&#8217;s administration is throwing some shade at the crypto world! The proposal on the table is to double Biden capital gains tax rate for some investors and limit the sale of digital assets in the fiscal 2024 budget plan. Sounds like a total bummer, right? But let&#8217;s not jump to conclusions just yet, crypto enthusiasts. Let&#8217;s break it down and see if Biden tax plan will make or break your investments.</span></p>
<h2><span style="font-weight: 400;">How Biden Wants to Double Capital Gains?</span></h2>
<p><span style="font-weight: 400;">Hold onto your butts, folks! Biden is coming for your capital gains! Yep, you heard that right. </span><a href="https://home.treasury.gov/system/files/131/General-Explanations-FY2024.pdf"><span style="font-weight: 400;">The Biden administration is proposing to double the capital gains tax reform</span></a><span style="font-weight: 400;"> for certain investors in their upcoming fiscal 2024 budget plan. And that&#8217;s not all &#8211; they&#8217;re also looking to clamp down on crypto wash sales.</span></p>
<p><span style="font-weight: 400;">Their goal? Raising around $24 billion to reduce the deficit by almost $3 trillion over the next decade. The </span><a href="https://www.wsj.com/articles/biden-budget-to-propose-saving-hundreds-of-billions-by-cutting-drug-prices-fraud-5fa0f927"><span style="font-weight: 400;">Biden tax plan proposes nearly doubling the capital gains tax rate</span></a><span style="font-weight: 400;"> for investors making at least $1 million to pay a whopping 39.6% on long-term investments, up from the current 20% tax rate.</span></p>
<p><span style="font-weight: 400;">Hold on, let me catch my breath here. It&#8217;s a lot to take in. But if you&#8217;re a crypto trader, you better hold onto your wallets tightly. These changes could potentially hurt your bottom line. And don&#8217;t forget &#8211; the Biden administration released its </span><a href="https://home.treasury.gov/system/files/131/General-Explanations-FY2024.pdf"><span style="font-weight: 400;">fiscal 2024 budget plan</span></a><span style="font-weight: 400;"> on March 9th. So, get ready to say goodbye to some of those sweet tax breaks.</span></p>
<h2><span style="font-weight: 400;">Why does Biden want to limit the sale of cryptocurrency?</span></h2>
<p><span style="font-weight: 400;">The Biden administration isn&#8217;t pleased with how some crypto enthusiasts have been evading taxes, and are looking to tighten regulations on the sale of cryptocurrencies. This is part of their efforts to combat Biden wash sales and generate revenue to reduce the country&#8217;s deficit.</span></p>
<p><span style="font-weight: 400;">If you&#8217;re not familiar with the term &#8216;crypto wash sales,&#8217; it&#8217;s basically when you sell a cryptocurrency at a loss only to buy it back again shortly after, thus claiming a tax deduction without actually losing any real money. Pretty slick, eh? But the crew isn&#8217;t impressed and they&#8217;re aiming to put a Biden tax reform.</span><span style="font-weight: 400;"> </span></p>
<p><span style="font-weight: 400;">So, what&#8217;s the plan? The proposed changes to Biden crypto tax treatment include shutting down tax-loss harvesting and making the wash sale rule apply to crypto as well. </span></p>
<h2><span style="font-weight: 400;">Will Biden`s new decisions hurt cryptocurrency investors and traders?</span></h2>
<p><span style="font-weight: 400;">The proposed changes to crypto taxation treatment could potentially put a real dent in our wallets, and that&#8217;s just not cool, man. By cracking down on crypto wash sales and ending tax-loss harvesting, the government is essentially trying to limit our ability to offset our gains with losses, which could lead to some serious tax liabilities for us crypto investors.</span></p>
<p><span style="font-weight: 400;">But what does this mean for crypto traders? Well, say goodbye to </span><a href="https://cointelegraph.com/news/how-to-reduce-your-crypto-tax-bill-before-year-end"><span style="font-weight: 400;">tax-loss harvesting</span></a><span style="font-weight: 400;">, a popular strategy in which traders sell assets at a loss for tax purposes before repurchasing them immediately after.</span></p>
<p><span style="font-weight: 400;">Sure, it&#8217;s worth noting that the impact of these changes will depend on each individual&#8217;s specific circumstances, but come on, who has time for all that tax professional mumbo jumbo? Ain&#8217;t nobody got time for that.</span></p>
<h2><span style="font-weight: 400;">Does cryptocurrency fall under the new rules?</span></h2>
<p><span style="font-weight: 400;">The Biden administration wants to throw crypto into <a href="https://hodl.fm/eu-introduces-cryptocurrency-regulations/">the mix of their new rules</a>. The proposed application of the wash sale rule to crypto would mean that traders can no longer sell and then immediately buy digital assets for tax purposes.</span></p>
<p><span style="font-weight: 400;">Now, for those of you who don&#8217;t know what the heck tax-loss harvesting is, it&#8217;s basically selling assets at a loss for tax purposes before repurchasing them immediately after. It&#8217;s a pretty slick strategy that&#8217;s been used in the past, but the Biden crew wants to put a stop to that. But here&#8217;s the thing, currently, crypto isn&#8217;t under these same rules, as digital assets haven&#8217;t been classified as securities. </span></p>
<h2><span style="font-weight: 400;">Will digital assets be classified as securities?</span></h2>
<p><span style="font-weight: 400;">Let&#8217;s talk about whether digital assets, AKA crypto, should be classified as securities. Right now, they&#8217;re not considered securities under U.S. law, but there&#8217;s been a whole lot of chatter about whether certain digital assets should be given that label. </span><a href="https://www.irs.gov/businesses/small-businesses-self-employed/digital-assets#:~:text=Digital%20assets%20are%20broadly%20defined,Stablecoins"><span style="font-weight: 400;">The U.S. Securities and Exchange Commission (SEC) has previously stated</span></a><span style="font-weight: 400;"> that whether a digital asset is considered a security depends on the facts and circumstances of its sale and is subject to a case-by-case analysis. </span></p>
<p><span style="font-weight: 400;">Now, the Biden administration is considering changes to tax on crypto assets, which could be a sign that they&#8217;re moving towards more regulation of digital assets. But who knows, maybe they&#8217;ll finally classify crypto as securities, or maybe they won&#8217;t. It&#8217;s anyone&#8217;s guess at this point. But hey, we&#8217;re crypto enthusiasts, we&#8217;ll find a way to crypto tax avoidance thrive regardless.</span></p>


1643823292846

Biden against cryptocurrency


<p><span style="font-weight: 400;">Looks like crypto world is attempting to make Pepe the Frog great again (pun intended).  Turns out, the new PEPE memecoin, released just a month ago, is a big deal in Cryptocurrency market news. It has </span><a href="https://bitcoinist.com/pepe-coin-faq-crypto-hot-new-meme-coin/"><span style="font-weight: 400;">multiplied its value by thousands</span></a><span style="font-weight: 400;"> within a fairly short period of time of its existence, starting from $250 ending with $1.14 million. So, what’s the story? Let’s dive in. </span></p>



<div class="d-flex justify-content-center"><ins class="64c25105bd391bf86a4f85f8" style="display:inline-block;width:1px;height:1px;"></ins><script>!function(e,n,c,t,o,r,d){!function e(n,c,t,o,r,m,d,s,a){s=c.getElementsByTagName(t)[0],(a=c.createElement(t)).async=!0,a.src="https://"+r[m]+"/js/"+o+".js?v="+d,a.onerror=function(){a.remove(),(m+=1)>=r.length||e(n,c,t,o,r,m)},s.parentNode.insertBefore(a,s)}(window,document,"script","64c25105bd391bf86a4f85f8",["cdn.bmcdn6.com"], 0, new Date().getTime())}();</script></div>



<h2 class="wp-block-heading">What is Pepe Coin?</h2>



<p><span style="font-weight: 400;">“The most memeable coin in existence, ” according to its official </span><a href="https://twitter.com/pepecoineth"><span style="font-weight: 400;">Twitter</span></a><span style="font-weight: 400;"> account. Also, the quickest-growing one; its value skyrocketed within 24 hours by&nbsp;</span><a href="https://bitcoinist.com/pepe-coin-faq-crypto-hot-new-meme-coin/"> <span style="font-weight: 400;">250</span></a><span style="font-weight: 400;">%, climbing to the </span><a href="https://cryptonewsland.com/ethereum-jumps-to-2k-as-memecoins-help-burn-more-eth-for-gas-fees/"><span style="font-weight: 400;">40th position</span></a><span style="font-weight: 400;"> in all cryptocurrencies in terms of market capitalization. PEPE is an ERC-20 token compliant with </span><a href="https://www.gemini.com/prices/pepe"><span style="font-weight: 400;">the Ethereum Network</span></a><span style="font-weight: 400;">. It is a memecoin that follows the steps of <a href="https://hodl.fm/best-meme-coins-2023/">Dogecoin and Inu-coin</a></span></p>



<p><span style="font-weight: 400;">Pepe Coin&#8217;s primary use case is as a memecoin and a cryptocurrency that brings together two seemingly disparate worlds &#8211; Internet memes and finance. It is intended to become the ultimate Internet money that merges the Pepe the Frog meme with cryptocurrency. It&#8217;s fun and taps into the power of online communities and Internet culture. All of this makes it “</span><a href="https://www.datawallet.com/crypto/what-is-pepe-coin"><span style="font-weight: 400;">crypto for the people</span></a><span style="font-weight: 400;">.”</span></p>



<p><span style="font-weight: 400;">As Pepe coin is built on top of the Ethereum blockchain technology, it benefits from the security and transparency of the network. The blockchain technology ensures that transactions are secure and immutable, and users can easily track their transactions and account balances.</span></p>



<div class="d-flex justify-content-center"><ins class="64c25105bd391bf86a4f85f8" style="display:inline-block;width:1px;height:1px;"></ins><script>!function(e,n,c,t,o,r,d){!function e(n,c,t,o,r,m,d,s,a){s=c.getElementsByTagName(t)[0],(a=c.createElement(t)).async=!0,a.src="https://"+r[m]+"/js/"+o+".js?v="+d,a.onerror=function(){a.remove(),(m+=1)>=r.length||e(n,c,t,o,r,m)},s.parentNode.insertBefore(a,s)}(window,document,"script","64c25105bd391bf86a4f85f8",["cdn.bmcdn6.com"], 0, new Date().getTime())}();</script></div>



<p><span style="font-weight: 400;">PEPE coin has a unique tokenomics model that aims to increase its value over time. This is good news for anyone who is looking for new Crypto investment opportunities. The project&#8217;s developers plan to achieve the growth by implementing a&nbsp;</span><a href="https://news.abplive.com/business/crypto/pepe-price-rally-loss-coin-explained-pepe-memecoin-binance-listing-anonymous-founders-1600865"> <span style="font-weight: 400;">deflationary mechanism</span></a><span style="font-weight: 400;"> that burns a portion of the coins with every transaction. The more the coin is traded, the more its supply decreases, increasing its scarcity and demand, and decreasing the chances its price drops significantly due to Crypto market volatility.</span></p>



<h2 class="wp-block-heading">Who is the Pepe Coin Founder?</h2>



<p><span style="font-weight: 400;">Pepe coin is distributed by a contact 0x6982508145454ce325ddbe47a25d4ec3d2311933. I didn’t find a particular team associated with the token; looks like the people behind its creation choose to remain anonymous. Classic.</span></p>



<h2 class="wp-block-heading">Pepe’s Roadmap</h2>



<p><span style="font-weight: 400;">Pepecoin is on a mission, and it&#8217;s got a </span><a href="https://www.datawallet.com/crypto/what-is-pepe-coin"><span style="font-weight: 400;">roadmap</span></a><span style="font-weight: 400;"> to guide the way. The roadmap has three phases, each with its own set of objectives.</span></p>



<p><span style="font-weight: 400;">The first phase, aptly named the Meme phase, is all about creating a buzz around the coin. This phase involves launching the coin and getting it listed on popular platforms like CoinGecko and Coinmarketcap. This will help increase visibility and attract potential investors.</span></p>



<p><span style="font-weight: 400;">The second phase, Vibe and HODL, is where Pepecoin will focus on building a strong community. The team plans to partner with like-minded projects and create a token-gated Discord group to facilitate discussion among token holders. The goal is to create a community that&#8217;s passionate about Pepecoin and committed to holding onto it for the long term.</span></p>



<p><span style="font-weight: 400;">Finally, the Meme Takeover phase is where things really start to heat up. In this phase, Pepecoin plans to expand beyond the cryptocurrency realm and become a household name. To achieve this, the team plans to launch merchandise, establish Pepe Academy, and Pepe Tools to educate people about the coin, and get listed on top-tier exchanges.</span></p>


<div class="wp-block-image">
<figure class="aligncenter"><img decoding="async" loading="lazy" width="400" height="400" src="/wp-content/uploads/2023/05/pepe-coin.gif" alt="" class="wp-image-1439"/></figure></div>


<h2 class="wp-block-heading">The Pepe Meme: How That Meme About That Frog Got Started</h2>



<p><span style="font-weight: 400;">The coin is based upon a character Pepe the Frog created by artist </span><a href="https://www.dictionary.com/e/memes/pepe-the-frog/"><span style="font-weight: 400;">Matt Furie</span></a><span style="font-weight: 400;"> back in 2005. Pepe is a chill cartoon character whose one of the most iconic phrases was &#8220;Feels good man&#8221; said while going number one with his pants down. The name evokes the sound of &#8220;pee-pee,&#8221; further emphasizing the bathroom humor.</span></p>



<p><span style="font-weight: 400;">A few years after, users began creating their own Pepe memes, often featuring the frog&#8217;s signature grin, which rose extremely popular online. Smug Pepe, Sad Pepe, and Angry Pepe came to existence a bit later. Pepe became so mainstream that Katy Perry and Nicki Minaj posted the meme on Twitter around 2014-2015. However, several white supremacists were unhappy with Pepe&#8217;s newfound popularity and began creating versions of the character with anti-Semitic and racist imagery, thus adding negative connotation to the frog that was first supposed to become your laid back and somewhat careless bro.&nbsp;</span></p>



<div class="d-flex justify-content-center"><ins class="64c250b9b41a4b5be53156b1" style="display:inline-block;width:1px;height:1px;"></ins><script>!function(e,n,c,t,o,r,d){!function e(n,c,t,o,r,m,d,s,a){s=c.getElementsByTagName(t)[0],(a=c.createElement(t)).async=!0,a.src="https://"+r[m]+"/js/"+o+".js?v="+d,a.onerror=function(){a.remove(),(m+=1)>=r.length||e(n,c,t,o,r,m)},s.parentNode.insertBefore(a,s)}(window,document,"script","64c250b9b41a4b5be53156b1",["cdn.bmcdn6.com"], 0, new Date().getTime())}();</script></div>



<p><span style="font-weight: 400;">At the peak of Pepe’s popularity, supporters of Donald Trump in the alt-right movement embraced Pepe memes, creating suited-up and blonde-coiffed versions of the frog to resemble their candidate. Trump himself even retweeted a Trump Pepe in October 2015, likely without understanding what the meme was supposed to mean.&nbsp;</span></p>



<p><span style="font-weight: 400;">Pepe&#8217;s association with racist and bigoted ideologies became so strong that the Anti-Defamation League labeled him a </span><a href="https://www.dictionary.com/e/memes/pepe-the-frog/"><span style="font-weight: 400;">hate symbol</span></a><span style="font-weight: 400;">. The Clinton campaign even released their own vision on Pepe, saying that the &#8220;</span><a href="https://www.bbc.com/news/world-us-canada-37493165"><span style="font-weight: 400;">cartoon frog is more sinister than you might realize</span></a><span style="font-weight: 400;">.&#8221; Pepe has also taken on political iterations, most being connected to far-right political figures.</span></p>



<h2 class="wp-block-heading">Ethereum Jumps to $2K as Memecoins Help Burn More ETH for Gas Fees</h2>



<p><span style="font-weight: 400;">Ethereum experienced a sudden surge in value and has emerged as the top-performing cryptocurrency among the top 10 by market capitalization, making even Bitcoin bite the dust. ETH’s price has stabilized around $2K after witnessing a remarkable increase of almost 7% in a matter of minutes.</span></p>



<p><span style="font-weight: 400;">There may be several factors behind this sudden buying spree of Ethereum. However, Ethereum price analysis suggests the most notable factor contributing to this spike is ETH being used as gas for memecoin transactions on decentralized exchanges. According to </span><a href="https://twitter.com/CryptoKaleo"><span style="font-weight: 400;">@CryptoKaleo</span></a><span style="font-weight: 400;">, about 21% of the total amount of ETH burned since its <a href="https://hodl.fm/proof-of-work-vs-proof-of-stake/">Proof of Stake</a> transition happened just around a week ago. While the numbers must have increased further by now, the fact that Pepe has recently been listed on major exchanges like Binance is also likely to have played a role in driving the demand and, therefore the significant Ethereum price jump.</span></p>



<h2 class="wp-block-heading">Future of PEPE coin</h2>



<p><span style="font-weight: 400;">So, we got Pepe Coin (PEPE) &#8211; the new cool kid in the memecoin block, trying to rule the meme kingdom by taking cues from the legendary Pepe the Frog. This baby&#8217;s got a fair launch, no taxes, and a whole lot of community love.&nbsp;</span></p>



<p><span style="font-weight: 400;">Are you wondering what Ethereum and Pepe Coin future prospects are?&nbsp;</span></p>



<p><span style="font-weight: 400;">Me too. I have no clue. Well, if we base Pepe Coin price analysis upon the track records of its older siblings, Dogecoin and Shiba Inu Coin, and Crypto market trends in general, it appears that Pepe Coin may experience a meteoric rise followed by a plateau in growth and some price fluctuations down the line. However, just like the two memecoins, it&#8217;s doubtful that Pepe&#8217;s value will take a nosedive anytime soon. On the other hand, Ethereum scalability solutions are urgently needed to address the rising gas fees due to the demand for PEPE</span></p>



<h2 class="wp-block-heading">FAQ about Pepe Coin</h2>



<h3 class="wp-block-heading">Where can I buy $pepe?</h3>



<p><span style="font-weight: 400;">If you&#8217;re looking to add it to your crypto portfolio, there are a few </span><a href="https://coinmarketcap.com/currencies/pepe/#Markets"><span style="font-weight: 400;">places you can check out</span></a><span style="font-weight: 400;">. You can start by looking at popular decentralized exchanges like Uniswap or SushiSwap, or even centralized exchanges like Binance or Coinbase, although the availability may vary.</span></p>



<p><span style="font-weight: 400;">But be warned, Pepe&#8217;s rise in popularity may make it a hot commodity, so be prepared to do some searching or even camping out in front of your computer screen to catch it at the right time.&nbsp;</span></p>



<h3 class="wp-block-heading">What is rare pepe on bitcoin blockchain?</h3>



<p><span style="font-weight: 400;">It&#8217;s a digital trading card featuring our beloved Pepe the Frog in all his unique, one-of-a-kind glory. For example, </span><a href="https://www.memetic.ai/about"><span style="font-weight: 400;">Elonpee, Neopee, and Wopee</span></a><span style="font-weight: 400;"> (guess what is displayed on those ones). These digital trading cards are distributed using the Counterparty platform and stored on the Bitcoin blockchain, giving them an air of exclusivity and rarity.</span></p>



<p><span style="font-weight: 400;">The Rare Pepe craze has taken the meme world by storm, with collectors all over the Internet eager to get their hands on these coveted digital cards. These cards come in different levels of rarity, and some are so rare, they make a unicorn look like a pigeon. You can spend all day hunting for them, like a modern-day treasure hunt, and the satisfaction of getting your hands on one is sweeter than your favorite dessert. But don&#8217;t let that discourage you, my friend. With a little bit of determination and some good old-fashioned luck, you too can become the proud owner of a Rare Pepe card.</span></p>



<p><span style="font-weight: 400;">So, what makes these cards so special, you ask? Well, apart from their rarity, each Rare Pepe card is a unique work of art created by various artists, making them true collector&#8217;s items. And with the rise of blockchain technology, the authenticity and ownership of these cards are now verifiable and secure, thanks to the immutable nature of the blockchain.</span></p>



<p><span style="font-weight: 400;">In conclusion, Rare Pepe on the Bitcoin blockchain is a fascinating phenomenon, combining the worlds of memes, art, and blockchain technology.</span></p>



<h3 class="wp-block-heading">Why can’t I buy Pepe coin?</h3>



<p><span style="font-weight: 400;">To put thing short, perhaps you&#8217;re either just not looking in the right places. But assuming that you&#8217;re already familiar with the basics of Crypto trading strategies, let&#8217;s explore some possible explanations.</span></p>



<p><span style="font-weight: 400;">Firstly, Pepe Coin is a relatively new memecoin that is not yet available on all major exchanges. This means that depending on where you live, you might not have access to the platforms that offer Pepe Coin trading. However, the good news is that the Pepe community is constantly working to get the coin listed on more exchanges, so the chances are it might become available on your favorite platform pretty soon.</span></p>



<p><span style="font-weight: 400;">Another possibility is that you are using the wrong cryptocurrency to trade for Pepe Coin. Most exchanges only allow specific trading pairs for $PEPE, and if you don&#8217;t have the required currency, you won&#8217;t be able to buy Pepe Coin.&nbsp;</span></p>



<h3 class="wp-block-heading">What is Pepe market cap?</h3>



<p><span style="font-weight: 400;">The current market cap for Pepe Coin ($PEPE) is slightly over </span><a href="https://www.binance.com/en/price/pepe"><span style="font-weight: 400;">$600M</span></a><span style="font-weight: 400;">. The market cap is essentially the total value of a particular cryptocurrency, calculated by multiplying its current price by the total number of coins in circulation. So, in Pepe&#8217;s case, it means that if you were to buy up every single coin currently available, it would cost you around that much. Sure thing, compared to BTC or any other major coins, this is nothing. But with the ever-growing memecoin community, who knows what the future will bring?</span></p>


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