Crypto California Club

2023-07-03 13:03:05 US Senators Express Concerns over El Salvador's Bitcoin Adoption – What's Going On?

El Salvador’s adoption of Bitcoin as a legal tender has caused concern among American lawmakers, who are calling for a risk report on the potential impact on bilateral economic relations and law enforcement cooperation. Last month, US Senators Jim Risch and Bob Menendez reintroduced a bipartisan bill requesting a State Department report on El Salvador’s Bitcoin adoption.

The bill, dubbed the Accountability for Cryptocurrency in El Salvador (ACES) Act, was initially introduced in February last year. American lawmakers want an analysis of El Salvador’s adoption of Bitcoin and the risks for cybersecurity, economic stability, and democratic governance in the country.

Crypto California Club – Subscribe Open / Comment

2023-07-02 15:01:16 US CFTC Chair Behnam, Coinbase Chief Legal Among Others To Testify at House Hearing

The US Commodity Futures Trading Commission Chair Rostin Behnam, Coinbase’s Chief Legal Officer Paul Grewal and a slew of former regulators are set to testify Tuesday morning in front of a US congressional committee.

The House Agriculture Committee will meet to discuss legislation to regulate cryptocurrencies and hear from Behnam, Grewal and former CFTC Chair Christopher Giancarlo, among others.

Crypto California Club – Subscribe Open / Comment

2023-07-01 09:59:02 Kenyan President William Ruto Urges African Countries to Commence Process to Ditch the Dollar

Kenyan President William Ruto recently urged his counterparts on the African continent to kickstart the process of ditching the U.S. dollar and replacing it with a pan-African settlement system. Ruto said the Pan-African Payments and Settlement System (PAPSS) allows business people to focus on moving goods and services.

The Kenyan leader, who spoke at a forum of government and private sector officials, suggested that African countries can commence the process of ditching the dollar by encouraging central banks and commercial banks to join PAPSS.

As explained in an East African report, the alternative payment system, which is backed by central banks on the African continent, was developed by African Export-Import Bank (Afreximbank) and the African Continental Free Trade Area (AFCFTA) Secretariat.

Crypto California Club – Subscribe Open / Comment

2023-06-30 12:02:09 Terraform Labs’ Do Kwon’s Bail Revoked in Montenegro Court

A court spokesperson said a high court in Montenegro’s capital overturned the earlier decision and Kwon remains in jail.

This also applies to Terraform Labs’ former Chief Financial Officer Han Chong-joon.

The case was sent to the High Court in Podgorica, the country’s capital, earlier this week, after prosecutors appealed against the bail terms to release Kwon and Han for $436,000 each.

Kwon had been on the run for months after the demise of Terra, which was behind the algorithmic stablecoin TerraUSD that fell into a tailspin last year.

Crypto California Club – Subscribe Open / Comment

2023-06-29 11:15:59 Louis Vuitton’s Soulbound Luxury NFTs, Apple’s Expensive Vision

This week, Louis Vuitton announced a new collection of physical-backed NFTs linked to exclusive products and experiences. The pricey tokens are soulbound and cannot be sold once purchased.

Meanwhile, Apple announced its new Vision Pro headset with a hefty price tag and not a single use of the word metaverse. Plus, NFT lending platforms are on the rise, but who really stands to benefit from this practice?

C’est bon, Louis Vuitton: French luxury fashion house Louis Vuitton will soon release a new collection of physical-backed NFTs called Via Treasure Trunks, which will be linked to exclusive experiences and products down the line.

Crypto California Club – Subscribe Open / Comment

2023-06-28 12:55:46 Binance Controlled Bank Accounts Belonging to Its US Affiliate Between 2019 and 2020

Between 2019 and 2020, crypto exchange Binance controlled bank accounts belonging to its U.S. affiliate including one holding funds of American clients, a new Reuters report has said.

According to the report, employees of the crypto exchange’s U.S. affiliate had to get Binance executive Guangying Chen to sign off on payments including payroll.

According to a report, Guangying Chen, a senior executive with , was in control of five bank accounts belonging to the crypto exchange’s supposedly independent affiliate Binance U.S.

The report, which cites bank records, said the new revelation of what Chen and her deputies did between 2019 and 2020 undercuts claims that the U.S. affiliate operated independently.

Crypto California Club – Subscribe Open / Comment

2023-06-27 12:02:34 Cricket Legend AB de Villiers Reveals How He Got His NFTs Stolen

The South African cricket legend Abraham Benjamin de Villiers, aka AB de Villiers, revealed how he became a victim of NFT hack. At the time of the hack, AB owned as much as 300 NFTs.

In an interview with Cointelegraph, de Villiers revealed that he held over 300 digital collectibles before he became a victim of a hack last year.

AB de Villeres signed a malicious contract
AB, who has vocally embraced NFTs and crypto, got fooled by a malicious NFT masquerading as a new Pudgy Penguin drop, the legendary cricketer inadvertently gave a hacker access to his wallet by signing a malicious contract.

AB revealed that tapped on the link as it looked very legit. There was a $1 gas fee. The minute he hit that gas fee, it stalled. AB said that he hit it about five times, giving the hacker complete access to his whole wallet.

Crypto California Club – Subscribe Open / Comment

2023-06-26 22:00:52 World$tateCoin (W$C) is the official currency of the 1st crypto state, The World State, which already has over 17,000 citizens.

The citizens of TWS have launched a $1B MARKET CAP CHALLENGE, and it's really taking off. There have already been two waves of pumps, and the market cap has risen from $2M to over $50M USD. $WSC quickly hit the trends on CoinMarketCap and CoinGecko, displacing $PEPE from the top lines on certain days. For several days, $WSC was the #1 top gainer on both CMC and CG.

In two weeks, the $WSC price has surged significantly and retains potential for further growth. To reach the set goal of a $1B market cap, the price needs to climb another 20 times (+1900%). It's worth noting that the price increase is happening without significant corrections, which shows the loyalty of the holders who don't want to sell at current levels and believe in the success of the $1B challenge.

$WSC is a utility token backed by the global web3 ecosystem of TWS. The W$C staking program, with its 300% APR, is also providing substantial price support and generating interest in the project.

Website
CoinMarketCap
TG group Open / Comment

2023-06-26 17:26:01 JADE PROTOCOL ($JADE)
An enhanced Ohm Fork. Or THE super Ohm.
You choose.

6 reasons why only a fool would miss out on $JADE :

1,000,000,000% APY (25% ROI every 5 days)
Immune to getting killed by whales
Outperforming other OHM forks in most areas
Survivor currency: Jade has been surviving every flash crash, and been growing when other cryptos have been falling
Openly supported by Ava Labs CEO & Founder and Su Zhu
KYC approved by Rugdoc

The team
Lead developers from Google and Amazon
Super genius Harvard professor
Y-Combinator alumni & more experts.

Huge hype and demand !
Hurry up and buy Jade at a low price, stake it & chill before it’s too late.

jadeprotocol.io Open / Comment

2023-06-26 14:11:02 Japan Sends Warning to ChatGPT Creator OpenAI about Collecting Private User Data without Consent

Through its privacy commission, Japan issued a warning and threatened to take action against OpenAI if it violates any privacy regulation.

Japan’s privacy agency has announced it issued a warning to OpenAI on using or collecting user data. The Personal Information Protection Commission (PPC) urged the ChatGPT creator to only collect sensitive information with consent from users.

Crypto California Club – Subscribe Open / Comment