Neutron launches ecological Grants program and will distribute 20 million NTRN tokens
Cosmos ecosystem cross-chain smart contract platform Neutron has announced the launch of the ecological Grants program following the passage of governance proposal N-14, providing funding for Neutron-related technology research and other initiatives that benefit the Neutron ecosystem.
According to the proposal, the Grants program will initially allocate 20 million NTRN tokens, which is 3.7% of the NTRN reserves managed by Neutron DAO or 2% of the total supply of NTRN after complete dilution. MainDAO will conduct an annual review of the Grants program to determine future funding amounts.
Convex Finance: The first PRISMA airdrop will be claimed on November 6
Convex Finance, a one-stop platform for CRV collateral and liquidity mining, announced on social media that the first PRISMA airdrop will be claimed at 17:00 on November 6th Beijing time.
Charlie Munger calls digital currencies a destabilizing and unproductive financial invention
Charlie Munger, vice chairman of Berkshire Hathaway and long-time business partner of Warren Buffett, recently criticized Bitcoin and other cryptocurrencies in an interview with The Wall Street Journal. The 99-year-old investor believes that digital assets are a financially destructive invention without productivity and compared Bitcoin to a "foul ball" thrown into the refined formula of traditional finance. He emphasized the importance of strong currencies during the transition from primitive society to advanced civilization, and pointed out that the stability of currency is always the most important, whether it is shells or gold coins.
Fed Kashkari: Cryptocurrency regulation should be the responsibility of the US SEC
On November 5th, as reported by Caixin, Kashkari of the Federal Reserve stated that cryptocurrency regulation should be handled by the US Securities and Exchange Commission (SEC).
What Are Crypto Trading Bots and How Do They Work?
Crypto trading bots are invaluable tools for professional traders looking to execute algorithmic trading strategies in the crypto markets. But they also come with risks!
Russian Federal Financial Supervisory Service: The number of cryptocurrency transactions in nine months of this year exceeded 185,000
According to Yuri Chikhanchin, the Director of Rosfinmonitoring, the Federal Financial Monitoring Service of the Russian Federation, cryptocurrency is becoming increasingly popular in Russia. Chikhanchin stated that according to our data, the number of cryptocurrency transactions in the first nine months of this year exceeded 185,000 (compared to 60,000 during the same period last year). The amount of funds flowing has also increased. During certain periods, the registered cryptocurrency transaction volume almost doubled.
Chikhanchin revealed that Rosfinmonitoring uses a "transparent blockchain" to track cryptocurrency transactions, which is a software toolkit launched in collaboration with the country's second-largest bank, VTB Bank. He explained that the software allows tracking of transactions on more than 30 blockchains and can access the identities of the senders and recipients in these activities. The tool is currently attracting attention from Arab, African, and Latin American countries, and it also allows banks to perform cryptocurrency compliance tasks.
U.S. prosecutors file civil forfeiture lawsuit to recover $54 million in seized cryptocurrency
According to the civil forfeiture lawsuit filed by the US Attorney's Office today, $54 million worth of cryptocurrency previously seized will be recovered. These cryptocurrencies were traced back to the profits of an illegal drug distribution plan carried out in New Jersey and surrounding areas.
According to the lawsuit, Christopher Castelluzzo and others conspired to sell various drugs from 2010 to 2015. Around 2013, Castelluzzo and his accomplices began selling drugs on dark web sites in exchange for BTC. In July 2014, Castelluzzo used some of the bitcoins earned from drug sales to purchase 30,000 ETH in the first token issuance of Ethereum. In 2016, Castelluzzo also received 30,000 Ethereum Classic. The complaint seeks to confiscate all cryptocurrencies obtained by Castelluzzo from drug sales.
Castelluzzo is currently serving a 20-year sentence in federal and state prisons for drug trafficking. Although Castelluzzo was jailed for these convictions, he plotted to evade taxes while in prison and transferred 30,000 ETH (worth $54 million) overseas. However, before he could do so, the US intervened after learning about Castelluzzo's attempts to launder cryptocurrency through prison phone recordings in 2021, and confiscated the traceable cryptocurrency held by Castelluzzo from his drug trafficking.
Argentinian giant MercadoLibre holds $21 million in crypto assets for clients
MercadoLibre, one of Argentina's largest e-commerce platforms, announced in its quarterly earnings that it holds $21 million in cryptocurrency assets for its customers as of September 2023, compared to $15 million in December last year. The company reported third-quarter revenue of $3.8 billion and a profit of $685 million, exceeding expectations, with growth attributed to Brazil and Mexico.
FCA releases supplementary guidance on UK crypto asset promotion rules
On October 8th, the promotion of encrypted assets rules that took effect in the UK caused some confusion. The Financial Conduct Authority (FCA) responded by providing additional guidance for cryptocurrency companies to help them comply with the regulations. FCA Consumer Investment Director Lucy Castledine stated in a statement, "Although the new rules for the cryptocurrency industry are consistent with existing rules for other high-risk investments, we have worked extensively with the industry and designed this guide specifically to support cryptocurrency companies in complying with the rules." <br>
Chairman of Fubon Group: I firmly believe that the era of cryptocurrency will definitely come
Chairman of Fubon Group, Cai Mingzhong, stated that the green economy is not only related to traditional investment and financing, but in the future, there will definitely be financial products derived from carbon rights, and it is even very likely to be based on blockchain instead of traditional currency transactions. I firmly believe that the era of cryptocurrency will definitely come.
