NFT / BTC / DEFI News 📣

2023-11-11 19:31:53 ​China Criminalizes Stealing NFTs and Digital Collections

The Chinese government has released a statement declaring that anyone caught stealing digital collections, which include digital collectibles such as NFTs, will be subject to criminal penalties.

The statement added that the theft of digital collections would also be evaluated alongside other related offenses committed during the theft, including hacking into computer systems and data theft.

The new regulations issued yesterday confirm that digital collectibles such as NFTs can be considered as online virtual property, due to their unique codes, non-tamperable features, and detailed transaction information.

The Chinese government referring to digital collections as “network virtual property” is a significant milestone considering that the country banned all crypto-related transactions and activity back in late 2021.

“The theft of digital collections violates the protection law and interests of the crime of illegally obtaining computer information system data,” the Chinese government said in its statement. “Since property is the object of property crime, digital collections can obviously become the object of property crime. If the digital collection is stolen by intrusion into the system or other technical means, the act also damages the property law.”

The statement emphasizes that China has not yet established a “secondary flow market” for these digital collections. However, consumers can still utilize trading platforms to buy, collect, transfer, or dispose of these assets, guaranteeing exclusive ownership and control.

Throughout this year, China has experienced a surge in civil disputes related to cryptocurrencies. Various courts have issued conflicting rulings, with some affirming that virtual assets are legally protected while others assert otherwise. In May, Chinese prosecutors declared their intention to clamp down on what they referred to as “pseudo-innovations” within the country’s NFT market.

There has been also been a growing interest in NFTs within the country despite the ban. Last month, China Daily, the country’s English-language state-owned newspaper, announced the launch of its own metaverse and NFT platform that is set to be released sometime next year. In its announcement, China Daily offered 2.8 million Chinese yuan (approximately $384 million) to a third-party contractor – Chinese or foreign – that can develop its Zhongbao Shuzang NFT issuance platform within 3 months. Buka / Bagaimana

2023-08-22 19:02:20 Welcome to Common Wealth!

Imagine retail investors accessing private sale crypto deals like VCs. Wall Street Bets meets A16Z, powered by web3, launching on zkSync in Q4.

App Key features (working Alpha):
Mobile-first
Vetted deal-flow from top industry figures
Exposure to diverse funds
Invest with card or crypto
Sell investments anytime
Due diligence, AMAs, workshops, analysis
State-of-the-art tech stack

Protocol Key Features:
Community-based investment protocol
Transaction fee-based, not ponzinomics
Circular economy, self-sustaining
Value accrues to protocol and token holders
Real-world APY, discounted Carry & governance
Rewards based on contributions and performance
Token Transparency Act (TTA) as standard
Community Fund - share the wealth

Team Experience:
Facebook, Google, Wyre, Activision-Blizzard, Cardano, Intel

Partners, Influencers, KOLS:
Miles Deutscher, Kyle Chasse, AB De Villiers, Altcoin Buzz, Mason Versluis, WhaleCoinTalk, Coach K Crypto and more arriving on All Street soon!

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Links:
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Alpha app demo:


Telegram chat: https://t.me/commonwealth_chat


Investing in the next big thing used to be elite-only. NOT ANYMORE! Buka / Bagaimana

2023-08-22 18:48:48 Thailand Seeks Court Order to Shutdown Facebook For Failing to Screen Fake Crypto Ads

Thailand authorities have issued a warning to the social media giant Facebook, threatening to seek a criminal court order to sever its operations in the nation, over the rampant investment and cryptocurrency scam ads.

The Thai Ministry of Digital Economy and Society (MDES) wrote on Aug. 21, that it has sent a letter requesting Meta’s social media platform, “to take action to resolve the issue” and “block more than 5301 fraudulent ads/fake pages.”

The ministry will refer to Thailand’s computer crime laws in lodging the charges against Facebook and scammers, a Bangkok Post report said. The ministry has blamed the social media giant for failing to screen fake crypto adverts via the scammers’ sponsored pages. MDES and related agencies in Thailand have reportedly asked Facebook for cooperation for years.

MDES Minister Chaiwut Thanakamanusorn along with the Deputy Commissioner of Police and other government representatives held a meeting to discuss ways to solve the problem of Facebook ads deceiving people to invest.

Chaiwut noted that the ministry is in the process of “compiling evidence from offenders on the Facebook platform” to send the court to close Facebook by the end of this month.

“In the past, there were more than 200,000 victims, or about 95 percent of 300,000 cases, with damages worth more than 10,000 million baht. If Facebook wants to do business in Thailand, it must show responsibility to Thai society.”

The ministry also warned citizens about the types of scams that typically operate on the social media platform. This includes ads that promise high returns in a short period of time, ads that claim investments from famous personalities and celebrities in order to increase credibility and hurrying up users to make quick investment decisions by offering short-timed special privileges. Buka / Bagaimana

2023-08-18 19:15:17 Crypto Lender Helio Sentenced for Falsely Claiming to Hold an Australian Credit Licence

Australia-based cryptocurrency lender, Helio Lending Pty Ltd, has been handed a non-conviction bond after falsely claiming to hold an Australian credit license.

The Australian Securities and Investments Commission (ASIC) revealed that Helio falsely claimed it held a credit license in an August 2019 news article on its website.

Helio Lender, which offered cryptocurrency-backed loans using digital assets as collateral, was neither a license holder nor a representative of one at the time of the statement.

In response to the charges, Helio pled guilty and has been fined accordingly.

The ASIC Deputy Chair, Sarah Court, stressed the importance of accurate information provision to customers and potential customers, stating that Helio's false claims deceived clients into believing they had the protection of a valid credit license. Buka / Bagaimana

2023-08-09 14:51:53 BASED WITCHES NFT - One NFT to qualify for all L2 Airdrops

L2 season is back with speculation of token launch by ZKSYNC, BASE, LINEA, STARKNET and LINEA L2 networks. Its not easy to keep track of all these chains and do what is required to qualify for these token airdrops

L2 MINT Pass and Token Airdrops:
BASED WITCHES NFT will give its holders access to NFT Mints and P2E / MEME token airdrops across all Upcoming L2s starting with their Mint on BASE L2 by COINBASE

Trading these NFTs and MEME tokens will qualify holders for L2 token airdrops like $BASE $ZKS $STARK

MAGE WEB3 Game:
They are also building a fun and engaging Magical harry potter style WITCHES & WIZARDS game. NFT holders will be able to win P2E tokens, USDT and rare NFTs by playing this game

TEAM
BASED WITCHES is by PEPE DAO Team that has successfully launched $ZKPEPE token which has done 100X for early token holders. They have also launched a fun NFT collection called ZKPEPE for their holders.


BASED WITCHES NFT HOLDER BENEFITS
1. $WITCH token airdrop on BASE L2
2. $ZKPEPE Token Airdrop on ZKSYNC L2 (the token is already tradable on MUTE DEX)
3. LINEA WIZARDS Mint on LINEA L2
4. STARK LORDS NFT Mint on STARKNET L2
5. Free token Airdrop and presale access to MEME tokens on LINEA and STARKNET

WEN MINT
Based Witches mint will happen on OMNISEA, a prominent NFT Launchpad

Mint page : https://omnisea.org/dyfOQ6QrfWW1YTxvqQwq

Mint Date: 12th Aug 2023


Check out their DISCORD to get latest updates: https://discord.gg/6vkXk3B3Hm
They has recently transitioned from Telegram to Discord to organise cross L2 launches better

Twitter : https://twitter.com/ZKPEPES


Full Article on BASED WITCHES NFT Utility : https://zkpepes.com/blog/f/based-witches-mint-and-benefits-for-mintoors Buka / Bagaimana

2023-08-09 08:30:25 Monetary Authority of Singapore Grants Payment License to Crypto Exchange Blockchain.com

Crypto exchange Blockchain.com announced on Monday that it had received a major payment institution (MPI) license from the Monetary Authority of Singapore (MAS) on August 1.

The announcement follows Blockchain.com receiving its in-principle approval from Singapore’s central bank in October last year. With the MPI license, the exchange can continue to extend its Digital Payment Token (DPT) services to institutional customers and investors in Singapore.

“We commend the Monetary Authority of Singapore on its transparent regulatory process that prioritizes crypto industry oversight while allowing innovation to thrive,” Peter Smith, co-founder and CEO of Blockchain.com said.

The pivotal issuance of this license places Blockchain.com among other DPT service providers in Singapore, including Crypto.com, Paxos, Circle and Revolut.

Per MAS’s assessment criteria for an MPI license, a DPT service provider must satisfy various factors such as security, compliance arrangements, technology risk management and audit arrangements in order to ensure proper due diligence, suitable solicitation, and adequate risk disclosure.

Such licenses play a crucial role in validating a crypto platform’s meticulous adherence to regional norms concerning financial as well as operational protocols. The acquisition of the regulatory license by Blockchain.com serves as pivotal advancement in its operational odyssey. Buka / Bagaimana

2023-07-30 19:02:02 US Senate Passes National Defense Bill: Here’s How It Affects Crypto

The bill's implication on the industry is far-reaching as it affects privacy coins, crypto mixers, and several digital asset exchanges.

The United States Senate has passed the National Defense Authorization Act (NDAA), a law that sets the agenda and funding standards for the Department of Defense.

The bill sets the federal government’s defense funding at $886 billion with a 5.2% pay rise for service members.

While funding was a major issue, the law affects several industries including the digital asset ecosystem.

Specifically, it targets crypto mixers alongside privacy coins that mask the identity of users making it difficult for authorities to trace blockchain transactions.

The cryptocurrency amendment in the bill was pushed by several senators including Elizabeth Warren, Roger Marshall, Cynthia Lummis, and Kirsten Gillibrand as they try to reduce the prevalence of crypto-related fraud among users. Buka / Bagaimana

2023-07-27 18:13:02 CFTC Files Complaint Against Clarksville Couple for $6 Million Digital Assets Scheme

The Commodity Futures Trading Commission (CFTC) has filed a complaint against a couple in Tennessee who convinced people to pay into an investment pool called “Blessings of God Thru Crypto.”

The couple, identified as Michael and Amanda Griffis of Clarksville, Tennessee, defrauded more than 100 people across the United States for over $6 million as part of the trading scheme they operated from July 2022 to January 2023, the CFTC said in a press release.

It added that the couple had failed to register their trading pool scheme with the CFTC as required.

“In its continuing litigation, the CFTC seeks restitution to defrauded pool participants, civil monetary penalties, permanent trading and registration bans, and a permanent injunction against further violations of the Commodity Exchange Act (CEA) and CFTC regulations, as charged,” the agency said. Buka / Bagaimana

2023-06-16 09:36:54 ​​In the midst of the volatility and turmoil in the cryptocurrency market, Coinbase terminates over 60 employees

Coinbase’s CEO, Brian Armstrong, previously said that the company had “overhired” and had to reduce its employees. In June, Coinbase also stopped hiring new employees and revoked any employment offers it had already made to potential employees. Some of these employees subsequently vented their frustrations online.
Given that its quarterly revenue is down 28% and trade volumes plummeted 27% in Q3 of this year, Coinbase does seem to be having trouble in the current bear market. The price of Coinbase’s stock has decreased by roughly 80% this year and 27.4% just this month.
Even if it wasn’t quite as surprising as Meta‘s decision to fire over 11,000 workers a few days earlier. Others uploaded their names to a candidate database that Coinbase established in an effort to aid people in finding work at other businesses.
Surojit Chatterjee (the exchange’s chief product officer) recently left the company after three years of extortion against Google for a whopping $646 million in compensation. According to a Coinbase filing with the SEC, Chatterjee is taking a break and will work as Armstrong’s advisor until at least February 2023. Buka / Bagaimana

2023-06-14 12:43:07 @nft_btc_news - What is NFT and why do they cost millions? - you’ll find out in this channel!
Everything related to NFT, blockchain, and the world of cryptocurrencies.

@metaverse_and_nft - This channel publishes fresh and interesting NFT projects, art and much more on the topic of non-interchangeable tokens

@nft_insiders - In 2021, for the first time in the world, tangible works of art were turned into a digital asset, and the original tangible copy of the work was destroyed- so the NFT industry appeared

crypto_dance - Fresh and up-to-date news from the world of cryptocurrencies on our channel

@nft_newsq - Simple and clear about NFT and metaverses!
Drops, marketing, review of sites and marketplaces, insiders, industry news.
We will help you to plunge into
this new and wonderful world! Buka / Bagaimana