Crypto California Club

2023-11-17 18:13:50 $AVG looks to be finding a solid bottom here at this level,

Strong HODLers and I assume will have a very strong CEX listing very soon.

https://v2.info.uniswap.org/token/0xa41F142b6eb2b164f8164CAE0716892Ce02f311f Open / Comment

2023-11-16 11:21:23 US Chamber of Digital Commerce Backs Binance, Urges SEC to Drop Lawsuit

Founded in July 2014 by Perianne Boring, the U.S. Chamber of Digital Commerce is a Washington, D.C.-based trade association and advocacy group that promotes crypto assets and blockchain technology. On October 19, the group filed an amicus brief backing the world’s largest crypto exchange by trade volume, Binance.

In the brief, the Chamber stressed the importance of maintaining clear jurisdictional boundaries, cautioning against an overreach of the SEC’s authority. Extending U.S. securities law into areas unrelated to securities markets, they argue, could have unintended consequences for various sectors of the U.S. economy.

The crypto advocacy group wrote:
The SEC is suing the equivalent of a grocery store selling oranges and other fruit, or an online e-commerce marketplace, like Amazon. Tokens alone are not securities, and the markets where they are available to buy and sell are not securities exchanges.

The brief underscored the pressing need for a transparent regulatory framework for digital assets. Echoing Senator Cynthia Lummis‘ sentiments, the Chamber emphasized that Congress should provide unambiguous guidance to foster innovation while ensuring consumer protection.

Crypto California Club – Subscribe Open / Comment

2023-11-15 13:33:16 New Documentary Exposes the Turbulent Downfall of FTX and Sam Bankman-Fried

Bloomberg is gearing up to unveil one of the first documentaries delving into Sam Bankman-Fried (SBF) and FTX’s saga. This Bloomberg Originals production casts a spotlight on the “dramatic downfall of his cryptocurrency enterprise.”

A trailer, just over two minutes, has also made its debut on October 13. This unveiling coincides with SBF navigating the treacherous waters of his New York trial, where he confronts testimonies from former allies like Caroline Ellison and Gary Wang.

These former associates have painted a damning picture, alleging SBF directed them into fraudulent activities and greenlit Alameda’s mingling with FTX’s client funds. Amidst this media frenzy, acclaimed “Big Short” author Michael Lewis is on a promotional spree for his latest offering, “Going Infinite: The Rise and Fall of a New Tycoon.”

Lewis’s tome, despite its completion, hasn’t been spared from criticism. Especially contentious was his claim on “60 Minutes” that FTX “actually had a great real business.”

Such assertions starkly clash with the recent testimonies of Ellison and Wang. Nonetheless, with all these biopics coming, audiences are in for a whirlwind tale encompassing vast fortunes, hedonistic indulgences, polyamorous relationships, and layers of deceit.

Crypto California Club – Subscribe Open / Comment

2023-11-14 10:06:34 US Spy Agency Plans to Launch Generative AI Tool to Amplify Intelligence Gathering

Reports indicate that the U.S. Central Intelligence Agency is poised to unveil a generative artificial intelligence (AI) tool, akin to Openai’s Chatgpt, to significantly enhance investigative efforts. Randy Nixon, the head of the CIA’s Open-Source Enterprise division, explained that this innovation will empower users to effortlessly trace back to the original sources of the information they are amassing.

This tool, will remain off-limits to U.S. bureaucrats and the general populace, with Nixon emphasizing its stringent adherence to privacy laws.

“We’ve gone from newspapers and radio, to newspapers and television, to newspapers and cable television, to basic internet, to big data, and it just keeps going,” Nixon told Bloomberg on Thursday. “We have to find the needles in the needle field.”

Nixon added:
The scale of how much we collect and what we collect on has grown astronomically over the last 80-plus years, so much so that this could be daunting and at times unusable for our consumers.

In the span of the past eight months, generative AI has soared to prominence, with dominant players raising billions of dollars to propel this technology forward. It has seamlessly integrated into various sectors of society, including the realms of finance and the burgeoning cryptocurrency ecosystem. Yet, the ascent of this technology has bureaucrats and regulators on edge, prompting plans to institute regulations.

Crypto California Club – Subscribe Open / Comment

2023-11-13 18:36:00 Crypto Family - the best free crypto community in telegram. Here professional traders post daily analysis, recommendations, crypto memes.

All this is explained in understandable words, so everyone can make money on their info. What other channels sell for money, they do for free

You don't have to pay any fees, just join:
https://t.me/+pWqHP_A92IxiOTU6 Open / Comment

2023-11-13 13:20:11 Decentralized Exchange Sushi Ventures Beyond Ethereum by Expanding to Aptos

The decentralized crypto exchange Sushi is expanding to the Aptos blockchain. The team noted that the move marks Sushi’s first expansion onto a non-EVM blockchain.

Sushi is a decentralized exchange (dex) and automated market maker (AMM) built on the Ethereum blockchain. It allows users to trade crypto assets and provide liquidity in return for rewards. The dex also has a native governance token called SUSHI.

According to the announcement, “This expansion to Aptos not only unlocks a new level of deep liquidity across major blockchain networks but also significantly elevates the cross-chain trading experience.” Sushi’s team insists the decision will strengthen its leading cross-chain position by spreading to Aptos.

Sushi was once a top dex but volume has dropped considerably over the past few years. Defillama statistics show that the dex platform has $347.23 million total value locked across various protocols. Sushi’s TVL has also lost a great deal of value since November 2021, after holding more than $8 billion.

Crypto California Club – Subscribe Open / Comment

2023-11-12 14:06:26 Venture Capital Firm CoinFund Raises $158 Million to Drive Innovation in Early-Stage Crypto and AI Companies

The crypto-focused venture capital firm CoinFund has closed a fundraising round for its latest VC fund, the CoinFund Seed IV Fund, after raising $158 million from investors. The investors in the new fund are a combination of family offices, institutional investors and high-net worth individuals, an announcement from CoinFund said.

The announcement added that the amount raised far exceeded its initial fundraising goal of $125 million, despite a general slump in the market for VC investing. “The Fund will support pre-seed and seed stage investments in new and ambitious founding teams across the web3 ecosystem,” the announcement said.

Investments made by the new fund will focus on “thoughtful, long-term” projects that have a “clear, yet non-consensus view of how next generation applications will be built on web3 rails.”

In a Twitter thread, the New York-based VC firm admitted that current environment for crypto projects is “tough,” with both foundational technical challenges to solve and an “evolving regulatory” landscape to operate in.

Crypto California Club – Subscribe Open / Comment

2023-11-11 17:09:58 Operators of Central African Republic-Based Crypto Investment Firm Disappear With $1.6 Million

The operators of a Central African Republic (CAR)-based cryptocurrency investment company, Clé du Succès, are accused of defrauding investors of approximately $1.6 million or one billion CFA francs, a report has said. The company, which only began its operations in September, is said to have abruptly closed shop on Oct. 8 leaving both investors and employees uncertain about the fate of their investments and jobs.

According to a report, Clé du Succès, which is a duly registered company and has been issued with a tax identification number, lured prospective investors with the promise of a 20% return on investment. The report added that some victims of the apparent scam had invested their life savings.

Consequently, the police have launched an investigation into the operations of Clé du Succès which is being overseen by the Research and Investigation Section (SRI).

Meanwhile, the report revealed that high-profile personalities are among the hundreds of CAR residents who fell victim to Clé du Succès’ scam. Such high-profile personalities include unnamed lawmakers, senior government employees, and traders.

Crypto California Club – Subscribe Open / Comment

2023-11-10 14:06:08 Not a week goes by without interesting news about the Sundae project.

After a post by one of the founders of the Odyssey project regarding Bitget exchange opening Sundae deposits was published, Elon Musk made a post on his X network:

"Ice cream is one of the great joys of life."

It's hard not to agree with Elon. In just two months, the Sundae token's value has increased from $0.25 to $4, making its many followers 16 times richer.

We'd like to remind you – this is at least the third mention by Musk of some "ice cream." The first mention miraculously coincided with the listing on MEXC.

So, what is Sundae? What's the secret behind the rapid token's value growth during such a depressive period of bear market rally?

The secret of this growth partly lies in rumors that Sundae senators have established an accumulation fund where about 30% of the token's sales profit goes.

The fund plans to invest in various sources of income, such as trust funds, media, online schools, IT companies, digital agencies, and even immortal canvases by world-famous authors.

The project has all chances to become revolutionary, as evidenced by its listing on major exchanges like MEXC and Bitget, the participation of bloggers with a million-strong audience and funds that previously invested in the current market "monsters."

One of the Odyssey co-founders explains: "Sundae means 'ice cream dessert.' Yesterday, the token cost only $0.25, less than ice cream. Today it's already $4, and tomorrow it could be worth thousands. Can you buy your secure future at the price of an ice cream? A foolish question, of course, you can!" Open / Comment

2023-11-10 10:51:50 Bitcoin Miners Sail Through Over 400 Difficulty Changes With 13 More Anticipated Before the Halving

Bitcoin’s difficulty saw a 6.47% increase this week, surpassing the 61 trillion mark at block height 812,448. This marked the cryptocurrency’s 403rd difficulty epoch, some of which included retargets with no change. In basic terms, Bitcoin’s difficulty measures the challenge of identifying a new block relative to its easiest potential level.

This measure, denoted by a specific number, is adjusted by the Bitcoin protocol every 2,016 blocks — approximately every two weeks — based on the time taken by miners to discover those 2,016 blocks. The difficulty adjustment ensures a consistent discovery of new blocks by miners, regardless of the number of miners in the network.

Notably, during its initial phase at block height 2,016, the difficulty didn’t alter due to a lack of mining activity.

If these blocks are discovered quicker than this ten-minute benchmark and the block discovery rate accelerates, the difficulty escalates. Conversely, if it lags, the difficulty diminishes.

Bitcoin’s difficulty will persistently adapt, responding to the ebb and flow of miners within its network. To date, miners have amped up their hashrate, pushing it by an impressive 0.68 exahash per second (EH/s) daily. Remarkably, despite 15 difficulty increases in 2023, the hashrate still surged, tacking on an extra 194 EH/s in under a year.

Crypto California Club – Subscribe Open / Comment