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The latest Messages 13

2023-10-11 16:00:11
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17.4K views13:00
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2023-10-08 20:41:01
Robert Kennedy Jr. Promises to End White House War on Bitcoin — Says We Need ‘Freedom Currency’ That Government Can’t Control

The presidential candidate pledged that if elected as the President of the United States:

I’m going to make sure that bitcoin is protected, that people can keep their own wallets, that the current White House war on bitcoin will be over, that transactions will be protected and encouraged.

He added that he will look “ultimately at treating it [bitcoin] as a currency, rather than a commodity, particularly for smaller bitcoin owners.”

When asked about how he plans to implement his policies, Kennedy detailed: I’m going to do everything I can without going to Congress. I’m going to do it through my control over Treasury policy. A lot of the bad policies towards bitcoin are not being driven by legislation — They’re driven by White House policies. So I’m going to end the war"

When asked if he is concerned about the government’s influence over bitcoin miwning, RFK Jr. shared: I’m very concerned about all the government attacks on bitcoin. What I would like to do is to provide at least some issuance of Treasury bills that are backed by hard currency, and that could be a bucket that includes bitcoin, that includes platinum, gold, silver, and other hard assets.”
16.5K views17:41
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2023-10-05 20:37:00
A Shot at Full Recovery? Amazon's Billions to Anthropic Ignite Hopes for FTX Creditors

On the cusp of the artificial intelligence (AI) boom, Anthropic, a rival to Openai, garnered a substantial $580 million in a Series B funding round in April 2022. Spearheaded by FTX chieftain Sam Bankman-Fried, the fundraising endeavor also saw notable contributions from Caroline Ellison, Jim McClave, Nishad Singh, Jaan Tallinn, and the Center for Emerging Risk Research (CERR).

Amid FTX’s financial debacle, its share in Anthropic has been thrust into the limelight, more so following Anthropic’s remarkable funding infusion of up to $4 billion from Amazon and an extra $300 million from Google the preceding February. While a fresh valuation of Anthropic post-Amazon deal remains under wraps, the enterprise boasted a near $5 billion worth in May 2023. Notably, buzz surrounds Anthropic as it reportedly engages in dialogues to amass at least $2 billion in fresh capital.

The startup is eyeing a valuation ranging from $20 billion to $30 billion, buoyed by this new capital influx. As Anthropic’s valuation escalates, a faction of FTX creditors took to the social media realm X to share their insights. “Anthropic to raise from Google at $20-30B valuation, putting FTX’s stake at $3-4.5B. FTX customers now stand to be made whole,” the FTX 2.0 Coalition wrote on the social media platform.

Currently, debt recovery titans keen on capitalizing post-acquiring FTX claims have reportedly snagged $250 million in claims thus far. Data from claims-market.com reveals the current peak payout for an FTX claim bearing some preference risk is trading at $0.37 on the dollar, while no preference risk FTX claims are fetching $0.41 on the dollar.
16.2K views17:37
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2023-10-02 18:11:01
The Leading 5 Defi Categories Overseeing Billions: An October 2023 Snapshot

As of October 1, 2023, $39.50 billion is nestled within decentralized finance (defi) platforms. Let’s dive into the top five categories, spotlighting the diverse array of defi protocols, the count of these applications, and the wealth they encompass.

Defillama, a decentralized finance (defi) industry aggregator, showcases an array of defi protocols, their underlying blockchains, and their held values. It features around 35 unique categories of applications. Dominating the scene are liquid staking derivatives applications, with 119 of them controlling $23.05 billion.

Liquid staking derivatives represent tokens that are backed by staked assets in blockchain networks, allowing users to remain liquid while their assets are staked. Lending, the runner-up in the defi realm, encompasses protocols enabling users to lend or borrow assets.

Dex protocols are platforms that allow users to trade crypto assets directly with one another, without the need for an intermediary or central authority.

Occupying the fourth rank in the defi landscape is the bridge category, protocols designed to shuttle tokens between networks. Acting as vital links between diverse blockchain networks, these bridges currently oversee $9.17 billion, spread across 46 distinct platforms.
15.7K views15:11
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2023-09-29 19:43:01
Tonk Is Building a Provability-Focused On chain Nintendo Emulator

Tonk, a programming collective focusing on onchain gaming, has announced a blockchain-based Nintendo Entertainment System (NES) emulator called Dappicom. The app, being coded using Noir, a smart contract-enabled privacy-focused language, will allow players to prove they have achieved in-game milestones without showing how.

The emulator is designed to appeal to the retro gaming community, which will be able to prove they completed various challenges and quests without having to screencap the whole ordeal, as it is currently done.

Tonk stated:

Proving speedruns with hidden strategies has never been done before. Speedruns are often contested … You can’t argue with maths, though.

Such gameplay can be rewarded by companies or third parties with badges or other awards.
14.0K views16:43
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2023-09-26 19:51:01
Hong Kong Securities Regulator Says It Now Publishes Names of Entities Seeking Crypto Trading Licences

The Hong Kong securities regulator has said it now publishes a list of firms seeking to operate crypto trading platforms in the region. Julia Leung Fung-yee, the CEO of the Securities and Futures Commission (SFC), said divulging the names of applicants is intended to help placate an investing public recently ruffled by the Jpex incident.

Hong Kong’s securities regulator has said it will now reveal the names of companies seeking to run crypto platforms that target retailers from the region. Julia Leung Fung-yee, the CEO of the Securities and Futures Commission (SFC), reportedly said the decision was made to pacify the public.

According to a report in the South China Morning Post, the regulator’s decision is viewed as a departure from the regulator’s longstanding stance of not divulging the applicants’ names. The announcement of the changes came just a few days after the crypto exchange Jpex was forced to halt operations.

At the time, a Bitcoin News report said the trading halt was then followed by the arrests of multiple people and greater scrutiny of the region’s crypto sector. In a subsequent statement, the SFC said the JPEX incident had highlighted the importance of regulating crypto trading platforms.
12.7K views16:51
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2023-09-23 19:26:01
Hungarian Authorities Seize Crypto Worth $1M in Tax Fraud Case

Hungarian authorities have seized cryptocurrency worth over $1 million from a criminal organization in a value-added tax (VAT) fraud case. The authorities raided 28 locations, arrested three suspects, and seized various assets tied to the group. The seized cryptocurrencies were transferred to the wallet controlled by the Hungarian tax authority.

NAV commandos, the Merkur Deployment Unit, and the investigators of the Western Transdanubian Criminal Directorate simultaneously raided 28 locations, arrested the suspects, and seized their illegally acquired assets and cryptocurrency worth nearly 420 million forints ($1.15 million). Without providing specific details, the NAV stated that the seized cryptocurrencies were transferred to a specially created crypto wallet that it controls.

The tax authority explained that members of the criminal organization acquired smartphones, tablets, solar panels, and other electronic devices from several countries in the European Union. They avoided paying VAT after importing the products by setting up shell companies that changed every couple of months, the NAV described, adding that this allowed the fraudsters to sell electronic devices to various wholesalers and resellers at favorable prices.

In addition to cryptocurrency, solar panels, associated inverters, cars, cash, real estate, and bank accounts worth more than half a billion forints were seized. According to the NAV, three members of the criminal organization have been taken into custody.
20.3K views16:26
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2023-09-20 19:18:01
Kenyan Minister: US Government Recently Foiled Attempt to Detain Worldcoin Representatives

Kenyan law enforcement recently detained two Worldcoin executives as they attempted to depart the country. According to the Kenyan Interior Minister, the duo were eventually let go after the U.S. government’s intervention.

Confirming the botched plan to indefinitely hold Blania and his fellow Worldcoin executives, Kindiki said:

“They [Worldcoin executives] tried to leave the country but were stopped and put in custody. However, the U.S. government intervened saying they should be allowed to leave because they haven’t yet been found guilty of committing a crime and gave an undertaking that it will produce them when required.”

According to the report, Thomas Scott, the legal spokesperson for Tools for Humanity, is the other Worldcoin representative who was detained along with Blania.

The Kenyan government’s attempt to arrest the duo came just days after Kindiki sought to tie crypto-related activities to money laundering and terror funding. During his own appearance before the parliament’s investigating committee, Kindiki reportedly said the Worldcoin debacle vindicates his government’s stance towards cryptocurrencies in general.
21.5K views16:18
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2023-09-20 12:00:06
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21.8K views09:00
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2023-09-17 20:28:01
Schiff Family Divide: Economic Doomsday vs. AI-Powered Prosperity

While the gold bug and economist Peter Schiff insists the U.S. economy will experience a financial crisis of epic proportions, his son Spencer continues to espouse a diametrically opposed view of the future. Spencer Schiff is an ardent supporter of artificial intelligence (AI), and in recent times, he has been forecasting that the latter half of the 2020s will witness an “enormous hyper-deflationary economic boom.”

Peter Schiff elaborated on the looming prospect of a significant flight from the U.S. dollar, driven by the persistent specter of colossal deficits. These deficits, surpassing the staggering mark of $2 trillion annually, extend into an indefinite future. Spencer’s perspective diverges significantly, as he insists that “very few people understand the economic implications of what’s happening right now.”

“Throughout history, the intelligence growth rate was just a function of the human population growth rate,” Spencer explained in a missive posted to the social media platform X. “Now we’re removing the biological constraint to the intelligence growth rate, so instead it’s only constrained by the growth rate of effective compute, which is orders of magnitude more rapid than the growth rate of the human population.”

The younger Schiff added:

That’s why I believe the second half of the 2020s will be characterized by an unfathomably enormous hyper-deflationary economic boom that will never end (unless humanity gets wiped out by misaligned ASI). The average person’s standard of living will likely improve by more over the next 10 years than it did over the past few hundred years — maybe even the past few thousand years.
17.3K views17:28
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