FTX Fallout, OpenAI Hacked, Turkey's Tax Break & Bitcoin's Safe Haven
Legends say that Notoko, Motoko's mischievous brother, set out to explore blockchains far and wide. But his heart always beats for ICP, his true home. Now, he shares his discoveries in "Notoko Bytes"!
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Previous Issue
CT team
Chain Chatter
- China's crypto scene is buzzing underground! 🤫 Despite the ban, OTC brokers are seeing a record $75 billion in inflows! 🤑 Looks like folks are hungry for alternative investments in this tough economy. 🇨🇳📉 These brokers offer a sneaky way to swap yuan for crypto, proving that the crypto spirit in China is alive and well! 💪 But hey, it's a gray area, so tread carefully! ⚠️
- Caroline Ellison, the ex-girlfriend and key player in the FTX downfall, got 2 years in prison despite helping put Sam Bankman-Fried away. 😔 She was super cooperative, but the judge said this was one of the biggest financial frauds ever and there had to be consequences. ⚖️ This might be a sign of what's coming for the other FTX cooperators. 😬 Ellison's sentence closes another chapter in this whole crypto drama, reminding us that even with cooperation, justice will be served.
- Looks like OpenAI's got a security breach! 🚨 Their news account on X got hacked and started posting shady crypto stuff! 😱 Someone was trying to trick people into clicking on a fake crypto token. 🎣 This isn't the first time this has happened to OpenAI folks, either. 😕 There's been a rise in account takeovers recently, and even some bigwigs at the company have been targeted. 👀
- Turkey's decided to put the brakes on any new taxes this year, including those on stock profits and crypto gains. Instead, they're focusing on tightening up tax exemptions. This is good news for investors, as it eases concerns about potential market impacts. The government's also looking to loosen offshore swap regulations and is keeping a close eye on balancing economic growth with inflation.
- Even though Bitcoin's been dancing to the same tune as stocks lately, BlackRock's saying it's not really a "risk-on" asset. 🤔 They see it more like digital gold – something that holds its value when things get shaky, just like gold does! ✨ It's all about being scarce, decentralized, and not tied to any one country. 🌍 So, even though it might seem risky sometimes, in the long run, it could be a safe haven for your investments. 🏦
Bitcoin's Wealth Distribution: Where the Big Stacks Live
Pay attention fam - Big Money are accumulating BTC. This is a trend from the last 1 month.
This is from Aug 28th
Dapp Spotlight: DMAIL
CT team
What's Brewing in Notoko's Canister ☕
Tokenization: Wall Street's Next Big Thing?
Okay, so, big money players like BlackRock and Franklin Templeton are dipping their toes into the tokenized money-market fund pool. 🏊♀️ Right now, these funds aren't that different from the old-school ones, but that's about to change! 🔄
A bunch of Wall Street hotshots, including Citadel and even Bloomberg, are working on recommendations for how to use blockchain tech for holding and transferring collateral. 💼⛓️ This could be a game-changer, setting the stage for a whole new world of tokenized financial products. 🚀
Think about it: tokenized mutual funds, bonds, loans, and more! 🤯 McKinsey predicts this market could hit a whopping $2 trillion by 2030! 🤑 That's like, the size of the entire crypto market right now! 🤯
Already, Franklin's letting folks use stablecoins to invest in their fund, and big brokers are accepting BlackRock's token as collateral. 😎 Pretty much everyone on Wall Street's been experimenting with tokenization, but things have been mostly in the testing phase. 🤔
With clearer regulations and some sweet incentives, we might see these financial giants roll out way more tokenized services in the US soon! 🎉 It's all about making your money work harder for you, baby! 💪💰
Crystal Ball Bitcoin Time 😜(Just for fun, not financial advice!)
For all the Crypto Geeks , Read the Strategy behind the Price prediction
CT team
Kamala’s Crypto Vibe: Innovation Meets Safety 🚀🪙
Alright fam, Kamala Harris just dropped some crypto heat at a NYC fundraiser, and it’s looking 🔥! She’s all about boosting AI and crypto while keeping it cool with strong protections for investors. 🛡️💡 Harris isn’t just talking the talk—she’s got a plan to bring together startups, big biz, and innovators to build an economy where digital assets can thrive without all the red tape. 🎯
Here’s the deal: Kamala wants clear rules for crypto, no more guessing games. Think of it like laying down smooth tracks for a train that’s already moving fast. 🚂💨 She’s ready to cut bureaucracy and let tech industries like crypto and AI do their thing, all while making sure consumers are safe. Win-win, right? 🙌
The event itself? Oh, just a casual $27 million raised! 💰 From Wall Street to Silicon Valley, Kamala’s got the big dogs on board. With Trump making moves in the crypto space, Kamala’s stepping up, but in her own style: future-focused and protection-first. Get ready, crypto fam—2024’s about to get wild! 🌐
X of the Week
First trailer for the ‘GHOST OF TSUSHIMA’ sequel ‘GHOST OF YŌTEI’
— DiscussingFilm (@DiscussingFilm) September 24, 2024
Releasing in 2025. pic.twitter.com/cEniBZChb4
That's a wrap! See you next week for more byte-sized blockchain fun (and a sprinkle of ICP love).
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