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The Dubai Virtual Assets Regulatory Authority (VARA) has changed its virtual asset circulation rules.
A significant change was the prohibition on so-called privacy coins such as ZCash and Monero.
Organizations operating within the local jurisdiction are also prohibited from issuing and promoting this type of cryptocurrency.
Well, you can't really blame a major cryptocurrency hub like Dubai for that. They provide transparency and demand it in return.
The charismatic founder of BitMEX has revealed his vision for the market. Spoiler: he moves liquid fiat money from treasury bills to cash and intends to invest it all in high-risk assets (bitcoin and other crypto, of course).
Key takeaways from Arthur Hayes' post:
? S&P500 is up 40% in 3 months;
? Fed balance sheet will drop $100 billion every month;
? The market will get an extra $500 billion out of the Treasury General Account (TGA), which will accelerate inflation;
? When the money runs out (sometime in July), Congress will vote to increase the debt ceiling;
? The market will end up flooded with unbacked debt liabilities;
? The world's banks will be forced to resort to printing more money (this process has already begun).
"The party has begun!", Arthur concludes.
While crypto-fans are actively playing with the new AI toy for coin predictions, the tech giant announced the launch of its own chat AI service Bard.
The AI will be integrated in the search engine after the testing phase. As for the future, Google plans to create a set of tools and API interfaces for various apps.
Microsoft and the Chinese company Baidu will also join the race and present their artificial intelligence bots.
A New York court has issued a ruling allowing the former chief executive of FTX to use messaging apps, but with some restrictions.
?No Signal and other apps with disappearing or hidden chat features
?Ban on contacting FTX or Alameda employees
?Communication is allowed only in the presence of counsel
How will Sam now send some meaningful messages under the watchful eye of the accusing party's lawyer? Does he know any secret language? We'll see soon enough.
More than 40 blockchain companies have offered the Turkish authorities to create an official crypto wallet to accept donations for the victims of the devastating earthquake. Today about 2 thousand people died due to earthquakes in Turkey and Syria. The death toll is expected to rise as hundreds of buildings have been completely destroyed.
Cryptocurrency communities always respond instantly to such humanitarian crises. Yes, Ukraine received a lot of donations immediately after the "gas-station" country attack.
Turkey, hang in there!
Hivemapper has finished beta testing a recorder that can be used to earn Honey tokens for contributing to the development of a decentralized global mapping.
The technology is simple:
? You get paid for videos of routes you plot on maps.
?Others buy these videos if they suffer from complete lack of sense of direction.
?Founders of the project make money by selling its car recorders at the cost of an airplane wing.
We once joked that people would soon start mining with kettles. And we were right, though wrong about the device.
- Patrick, Move-to-Earn is off the table!
- If not M2E, then what?
- Drive-to-Earn.
Balance CEO Ric Burton says Uniswap founder Hayden Adams, who he once considered to be his closest friend, has fooled him.
According to Burton, he invested a lot of effort to take Uniswap to the market. He paid for developer services, paid for Adams' rent, dipped into Balance's money to cover his expenses. Burton was sure that Hayden would include him in the Uniswap round for this help.
But he never became the co-founder of Uniswap. And now, when his $25,000 would be worth $18 million, he has brought this story public.
Of course, it's not about the money. It's all about justice. Citizenship through the crypto exchange: myth or reality?
Cooperation between cryptocurrency exchanges and some countries has progressed to the point where passing KYC on top trading platforms with a high reputation serves as a guarantee of obtaining digital citizenship. And this is not a joke, but reality.
The LUNC community is having a vote (https://atomscan.com/terra/votes/11324) we all deserve. Namely: a proposal to re-peg the USTC stablecoin to $1.
Better yet, the decision has almost been made. Following the news, USTC increased by 60% in just 10 hours, and the internal token LUNC caught up and rose by 20%.
Hey, why stop at $1? Don’t you think that $10-$15 sounds juicier? After all, you’re the only ones in the "moon" market, so you probably won’t face any issues with interest either.
PeckShield, a blockchain security firm, warns that zero-transfer scammers are behind two of the largest gas spenders.
The scheme is as follows:
? Fake addresses are created by imitating real ones.
? The TransferFrom function is then used to make a zero transfer from any wallet to a smart contract.
? As a result, a fake transaction history is created and shown in users' wallets and on Etherscan.
The only thing left to do is wait for the transfer from the victims who did not thoroughly check the address before sending the money.
Looks like we have a new kind of wallet asset theft: taking a picture of the balance screen. A scammer claiming to be an investor stole an entire collection of NFTs worth about $4 million from a Webaverse founder.
The fraudster explained that he needed to see the proof of NFTs before signing a partnership agreement.
The victim insists that he only showed the scammer the Trust Wallet balance interface. He revealed no seed phrases or private keys. The thief took some pictures of the screen and went out for a smoke. A few minutes later the funds were drained from the wallet, and the potential partner had never returned.
The weird story is confirmed by Etherscan.
The odd thing is that the theft happened on Nov. 26, but was reported only now. Did the victim hope to wake up one fine day and realize that everything was just a dream? How to reduce Bitcoin mining risks: business case
Mining profitability has been declining since the end of 2021 as a result of the bear market. Increased mining difficulty and skyrocketing electricity prices twisted the knife in 2022. The miners had no choice but to change their business strategy. Their task was to level out negative market factors while maintaining profits.
A rehab center for crypto addicts was opened on the island of Mallorca. The month bill for treatment in a private villa is $75,000 and includes:
? group therapy sessions
? butler services
? personal chef
? yoga and massage
? spa salon
The flow of FOMO sufferers seems to be endless. So we guess, the Swiss company The Balance, which launched the project, will come out on the right side.
Justin Sun, the hype man of the century, is on it again. His Huobi exchange announced the listing of a provocative coin FUD (FTX Users Debt). The developers promise to buy back all the tokens in the future and use these funds to cover FTX's debts.
Amid the announcement, the price of FUD soared by several hundred percent, but it rolled back quickly. There is a probability that the FUD token may become popular.
Tulip Trading's lawsuit against 16 BTC developers will be heard in a London court, according to the UK Court of Appeal.
If that isn not enough, consider that the plaintiff is Craig Wright, a computer scientist who claims to be Satoshi Nakamoto. And the Bitcoin community constantly criticizes him for this.
A Norwegian court ruled in October of last year that Wright had lied in an effort to support his claims of authorship of BTC. Never miss any of the latest cryptocurrency news, in-depth crypto market analysis, and breaking updates on blockchain technology. From Bitcoin price trends to emerging NFT projects and DeFi developments, GNcrypto has everything to keep you informed and ahead. Stay informed and ready to seize the next big opportunity in the crypto world!
























