Justin Bons, founder of Cyber Capital, alleges Tether is a $118B scam, surpassing FTX and Madoff. He criticizes $USDT for lack of transparency and warns its collapse could be disastrous, urging the crypto community to avoid it.
Congressman John Rose introduces the BRIDGE Act to create a joint SEC-CFTC advisory committee with diverse crypto industry representatives. The initiative aims to shift toward a supportive regulatory framework, potentially positioning the US as a leader in global digital asset regulation.
Tune.FM raises $50M from Global Emerging Markets to enhance JAM token liquidity, combining music streaming with an NFT marketplace. Artists receive micro-payments, and users earn tokens by listening to promoted songs, simplifying blockchain access with auto-created wallets.
Nubank halts trading of its $NUCOIN on the Polygon blockchain for 15 days starting September 10, 2024, to reassess its rewards program. Users with 100 reals or more in $NUCOIN can convert to $USDC until December 9, 2024.
Bitget Wallet achieves 12M monthly active users with seamless Web2 integration, adding 2M new downloads in August. Global expansion targets underserved communities, boosting growth in Japan, India, and Nigeria. Innovative features enhance user experience.
Russia employs cryptocurrencies to counter Western sanctions, with initiatives including BRICS collaborations and a potential gold-backed stablecoin with Iran. Despite blockchain transparency, small-scale evasion could still affect geopolitical stability, especially in Ukraine.
Singapore’s Appchain Day Summit will feature top Web3 projects like Cosmos and Solana, industry leaders, and major venture firms. The event focuses on appchains, driving discussions on future blockchain advancements and investment opportunities.
Hypernative secures $16M in Series A funding led by Quantstamp to enhance Web3 security. Their AI-driven solutions have saved clients over $100M and identified 99.5% of hacks. Plans include expanding global operations and workforce.
Singapore leads global crypto adoption with a score of 45.7, driven by innovation and supportive regulations. Hong Kong (42.1) and UAE (41.8) follow. No CIS countries in the top 20, highlighting regional disparities.
OpenAI’s ChatGPT hits 200M weekly users, with 92% of Fortune 500 companies onboard. Significant growth in healthcare and education sectors. Apple to integrate ChatGPT into iPhones by May 2024, enhancing personalized user experiences.
Lemniscap secures $70M to fund early-stage Web3 projects, focusing on zero-knowledge proof tech and DePIN. Averaging $1M-$2M per investment, the fund, backed by @AccoladePartners, aims to drive innovation in the blockchain ecosystem.
TOKEN2049 in Singapore on Sep 18-19 will gather 20,000 attendees from 150+ countries. Hear from 200+ speakers like Arthur Hayes and Richard Teng, explore 500+ VR and AI activities, and witness a Web3 startup competition.
Celsius distributes $2.5 billion to 251,000 creditors amid bankruptcy resolution. This payout covers two-thirds of clients, but 121,000 creditors still await funds, mainly small claims. Future resolutions may involve complex legal disputes and innovative strategies.
65% of Ukrainians see cryptocurrencies as key to future economic growth, with 70% using crypto for international transfers. Over 50% report improved financial discipline, highlighting crypto’s broader impact. $BTC $ETH @Binance @Ukraine
