π Traders buy short-term small price drops, but are afraid to buy longer-term, larger ones. References to #buythedip or #boughtthedip are not used.
ππΉ The World Economic Forum (WEF) has released a white paper on the regulation of cryptoassets with the assistance of its Digital Currency Governance Consortium.
The need for regulation is urgent and cooperation is key, the document says.
cointelegraph.com
The need for regulation is urgent and cooperation is key, the document says.
cointelegraph.com
π #ETH At the Ethereum Developers Conference: October 2023 is a reasonable target to activate the Cancun update.
galaxy.com
galaxy.com
πΊπΈπ The Federal Reserve Bank of Atlanta calls #XRP βinternational tenderβ in a report.
thecryptobasic.com
thecryptobasic.com
π¦πͺπΉ The Dubai Financial Services Authority is planning to update its crypto token rules in force since November for the city's business center, which could come out later this year and urge global regulators to coordinate.
bloomberg.com
bloomberg.com
π°π·π΅οΈββοΈ South Korean prosecutors are conducting arrests and raids on CELEbe Korea, which allegedly bribed Bithumb ($37.7 million) for a #FANC listing.
digital asset.works
digital asset.works
π€ CryptoAttack π¬π§
π OpenAI CEO: If the company finds it difficult to comply with the new EU AI rules, it may consider withdrawing from the European market. Reuters.com
πͺπΊπ£ #AI OpenAI CEO: We are happy to continue working in Europe and certainly have no plans to leave.
twitter.com
twitter.com
Twitter
very productive week of conversations in europe about how to best regulate AI! we are excited to continue to operate here and of course have no plans to leave.
This media is not supported in your browser
VIEW IN TELEGRAM
π³π« History one unfortunate whale (sighduck) that lost ~78 #ETH in May:
- The first sighduck token bought was #TURBO, the loss was 24 #ETH ($46,313). He bought #TURBO at $0.0004915 on May 4th and sold all #TURBOs at $0.0002525 due to the price drop a day later. #TURBO's price skyrocketed 10x after he sold.
- Then I bought #BEN and sold it a day later for a loss of 3.94 #ETH (7,272 #). #BEN is up 85x in 3 days.
- Then sent 5 #ETH to ben.eth and received 8.9 million #PSYOP. Felt cheated, he sold all #PSYOP without a loss. #PSYOP has grown 5 times since the sale. He spent another 60 #ETH to buy #PSYOP and sold 10 minutes later without a loss, probably fearing that he would be scammed again.
- I bought #BILLY very early, after which the token grew 10 times. But he kept buying #BILLY instead of selling. In the end, #BILLY went down completely, selling all of his tokens and losing 2.94 #ETH ($7,661).
- The first sighduck token bought was #TURBO, the loss was 24 #ETH ($46,313). He bought #TURBO at $0.0004915 on May 4th and sold all #TURBOs at $0.0002525 due to the price drop a day later. #TURBO's price skyrocketed 10x after he sold.
- Then I bought #BEN and sold it a day later for a loss of 3.94 #ETH (7,272 #). #BEN is up 85x in 3 days.
- Then sent 5 #ETH to ben.eth and received 8.9 million #PSYOP. Felt cheated, he sold all #PSYOP without a loss. #PSYOP has grown 5 times since the sale. He spent another 60 #ETH to buy #PSYOP and sold 10 minutes later without a loss, probably fearing that he would be scammed again.
- I bought #BILLY very early, after which the token grew 10 times. But he kept buying #BILLY instead of selling. In the end, #BILLY went down completely, selling all of his tokens and losing 2.94 #ETH ($7,661).
πͺπΊπ EU investment firms that offer crypto alongside traditional products may mislead their consumers by creating a false sense of security, the European Securities and Markets Authority (ESMA) said in a statement.
coindesk.com
coindesk.com
π The amount of #ETH on exchanges fell to 14.85%, the lowest since July 2016.
π° #AI Open AI has announced that it will award ten $100,000 grants to teams around the world to develop a "democratic" AI rule-making process.
cointelegraph.com
cointelegraph.com
πββοΈ #USDT #USDC Binance has reached out to Tether, Circle, and others to expand support for native versions of stablecoins on the platform.
twitter.com
twitter.com
π Yesterday ~$400M #BTC was withdrawn from Huobi, the second largest withdrawal this year.
π Stable announced the launch of the first BRC-20 stablecoin on the Bitcoin #USD blockchain.
finance.yahoo.com
finance.yahoo.com
πββοΈ #ACH Alchemy Pay now supports domestic payment systems in Australia and New Zealand.
medium.com
medium.com