September 2023

Terra Luna Classic contemplates deposit hike to curb spam proposals

September 10, 2023 boss

The Terra Luna Classic is presently voting on multiple proposals, with concerns raised about an uptick in “spam” proposals following a decline in LUNA prices. A new proposal seeks to raise the minimum deposit requirement from 1 million LUNA to 5 million LUNA, with expectations of a potential price increase ahead of the upgrade. The proposal 11780, titled “Initiative to Address Spam Proposals by Raising Minimum Deposit to 5M LUNC,” is under consideration. Its objective is to elevate the minimum deposit requirement from 1 million LUNC to 5 million LUNC,…

1 in 4 investment firms assign senior execs to digital assets: Report

September 10, 2023 boss

An increasing number of investment firms in the United States and Europe are appointing senior executives to lead digital asset investment strategies, based on the findings of a market intelligence firm. According to a recent Amberdata report titled ‘Digital Assets: Managers’ Data Infrastructure Fuel,’ 24% of asset management firms have adopted a digital assets strategy, with an extra 13% planning to do so in the next two years. “These roles are being staffed up, with almost a quarter of firms with a senior role dedicated to digital assets, reflecting seriousness…

Vitalik Buterin’s X account hacked, draining $691K+ from victims : Report

September 10, 2023 boss

Vitalik Buterin, co-founder of Ethereum (ETH) had his X (formerly Twitter) account compromised, which, according to social media reports, resulted in victims losing over $691,000 through malicious links. In a Sept. 10 post on X, Dmitry Buterin, the father of Vitalik Buterin, announced that his son’s account has been compromised: “Disregard this post, apparently Vitalik has been hacked. He is working on restoring access.” The post to which he was referring has since been deleted. It was allegedly made by the hackers on Buterin’s account to celebrate the arrival of “Proto-Danksharding on…

Vitalik Buterin’s X account hacked, drains $691K+ from victims : Report

September 10, 2023

Vitalik Buterin, co-founder of Ethereum, had his X (formerly Twitter) account compromised, which, according to social media reports, resulted in victims losing over $691,000 through malicious links. In a Sept. 10 post on X, Dmitry Buterin, the father of Vitalik Buterin, announced that his son’s account has been compromised: “Disregard this post, apparently Vitalik has been hacked. He is working on restoring access.” Blockchain investigator ZachXBT has been actively informing his 438,200 followers about the hacker’s actions, which have led to the illicit draining of $691,000 from Buterin’s followers through malicious links.…

Binance’s exec exodus, Nasdaq to trade AI orders, and more

September 9, 2023 boss

Top Stories This Week Binance crypto exchange saw 10 key execs leave in 2023. Here’s the list A key talking point in the crypto community has been the ongoing exodus of executives from Binance amid growing regulatory troubles. Binance has seen the departure of 10 key executives from various departments in the first nine months of 2023. The latest to join the list is Helen Hai, executive vice president of Binance, who announced her resignation from her post on Sept. 6. On the same day, Gleb Kostarev, vice president of…

Congressman pushes for limits on SEC crypto enforcement funds

September 9, 2023

Minnesota Congressman Tom Emmer plans to present a budgetary amendment to limit the U.S. Securities and Exchange Commission (SEC) from utilizing its crypto regulations budget. Emmer, a Republican who holds the role of Majority Whip in the U.S. House of Representatives, is gearing up to sponsor a significant appropriations amendment bill, citing worries of excessive authority exerted by SEC chair Gary Gensler. This amendment seeks to limit the SEC’s ability to allocate taxpayer funds for digital asset enforcement efforts. Gensler’s actions negatively impact Americans’ ability to explore the potential of…

G20 leaders support FSB recommendations on crypto regulation

September 9, 2023

The leaders of the G20 nations have thrown their weight behind the Financial Stability Board’s (FSB) recommendations regarding the regulation of crypto. In a landmark move, the G2O intergovernmental forum, on Sept. 9, voiced its support for a slew of recommendations prepared by the FSB to regulate and oversee the global crypto industry. The announcement, made by Indian Finance Minister Nirmala Sitharaman, came at the New Delhi Leaders’ Meeting, where G20 members expressed their intent to monitor the fast-paced changes in the digital finance space. 🚨 BREAKING: 🇮🇳 India’s Finance…

SEC cites ‘knotty legal problems’ as reason for appealing Ripple ruling

September 9, 2023

The U.S. Securities and Exchange Commission (SEC) argues that the issues raised by the recent court order in favor of Ripple Labs and its native token, XRP, represent complex legal challenges that warrant an appeal of the ruling. The SEC opposes the court’s verdict and has clarified that these “knotty legal problems” warrant a review. SEC not accepting defeat The SEC is currently engaged in an ongoing legal battle against Ripple Labs, the creators of the XRP altcoin. The regulator seeks to appeal Judge Analisa Torres’ ruling that XRP was a…

Everything you need to know about LFi and CEO Luiz Góes

September 9, 2023

If you’re following wealth creation trends, you may have heard of LFi and its CEO, Luiz Góes. This article delves into the fintech company and its chief. LFi company overview LFi is a blockchain-based decentralized network that seeks to revolutionize economic innovation. Its strategy anchors on a decentralized autonomous organization (DAO), with community members having control and ownership. They can make governance decisions through a democratic voting process. The LFi ecosystem has its utility token, LFi. Users can also convert LFi into vLFi via vesting. In this way, they receive…

SBF blames slow internet as lawyers refute DoJ claims that computer access is sufficient

September 9, 2023

FTX founder Sam Bankman-Fried’s legal team argued that the Department of Justice (DoJ) is embellishing their client’s access to defense documents. In a letter released on Sept. 8, the defense insisted that their client’s access to necessary legal material via laptops is limited. Meanwhile, prosecutors maintain that they have resolved the laptop issues with cooperation from the defense. The bone of contention is the alleged inadequate conditions at the Metropolitan Detention Center (MDC), which the defense posits are hindering their client from adequately preparing for his forthcoming trial in October.…