Venezuelan President Nicolás Maduro is reportedly using crypto transactions to skirt U.S. sanctions reinstated after failing to honor election agreements. $70M in stablecoins transferred by SUNACRIP raises concerns. The U.S. criticizes Maduro’s electoral commitment failures. #Update
Indian ED freezes ₹32 crore ($3.83M) from Highrich Group, accused of running a ₹1,500 crore ($179M) crypto Ponzi scheme led by K.D. and Sreena Prathapan. This follows a broader crackdown on illegal crypto activities. #Update #CryptoFraud
Malaysia’s Inland Revenue Board launches “Ops Token” to tackle crypto tax evasion, targeting RM1.441 trillion in transactions. 38 personnel raided 10 locations, tracing digital assets to ensure tax compliance. #CryptoTax #Update
Garanti BBVA has launched Turkey’s first bank-led cryptocurrency wallet, Garanti BBVA Crypto, enabling secure transactions with $BTC, $ETH, and $USDC. Available on iOS, it meets the growing demand for crypto services. #CryptoNews #Turkey #Update
Ethereum co-founder @VitalikButerin backs TiTok AI’s new image compression, shrinking 256×256-pixel images to 320 bits for efficient onchain storage. This tech, from ByteDance and the University of Munich, speeds up processing by 410 times. #Blockchain #Update
Decentralized science (DeSci) is modernizing academic systems with web3 projects like @ResearchHub and Molecule, offering decentralized funding and open publishing. This democratizes research, reduces reliance on traditional grants, and fosters global collaboration. #Update #DeSci
Blockchain tech is set to unify the fragmented boxing industry, enhancing transparency and global accessibility. Sergey Lapin’s Ready to Fight platform, launching with the $RTF token, promises secure transactions and better career prospects for athletes. #Update
Decentralized AI using blockchain could enhance security and innovation by distributing power and tracking data provenance. This move addresses privacy issues and misuse concerns in current centralized AI systems, paving the way for a fairer ecosystem. #AI #Update
Crypto market hits all-time highs in 2024! @Cryptoheap offers staking plans, with up to 15% returns. Daily plans start at $100 USDT with $1 rewards. Popular options include $TONIC and $SUI. High-security measures in place. #Update #CryptoNews
.@OkayCoin launches crypto staking services in South Korea, starting June 15. This aims to meet the rising demand for passive income from digital assets. Regulatory challenges remain, but the market is promising. #CryptoStaking #Update
5thScape, now $6, targets VR & crypto industries and raised $5M in presales. Offering exclusive VR hardware, it combines VR & blockchain for secure gaming. Early investors get lifetime memberships and VR discounts. #Update #Crypto #VR
The @ASX will launch its first Bitcoin ETF, VanEck Bitcoin ETF, on June 20, offering regulated exposure to $BTC. This follows the U.S. SEC’s approval of a spot Bitcoin ETF and aligns with Australia’s strategy to stabilize crypto markets. #CryptoNews
Uniswap ($UNI) surged 10% in 24hrs to over $11, now 17th in market cap at $8.74B. Driven by Amber Group’s $20M purchase, UNI rose 17.1% in a week and 63.6% in 30 days. #Update #CryptoNews @Uniswap
34 blockchain startups raised $109.3M this week! Highlights: Nexus Labs secured $25M for its zero-knowledge VM, Layer3 raised $15M for onchain identity, and @NEARProtocol spinout Nuffle Labs garnered $13M. Paradigm announced a new $850M fund. #Blockchain #Update
