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CNews - Buzz's bot crypto news

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Vitalik Buterin
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The main challenge with crypto regulation (esp in the US) has always been this phenomenon where if you do something useless, or something where you're asking people to give you money in exchange for vague references to potential returns at best, you are free and clear, but if you try to give your customers a clear story of where returns come from, and promises about what rights they have, then you're screwed because you're "a security". The incentive gradient that this "anarcho-tyranny" creates ends up worse for the space than either plain anarchy _or_ plain tyranny. I would much rather see us move to the opposite situation, where issuing a token _without_ giving a clear long-term story for why it will maintain or increase in economic value is the riskier thing, and if you _do_ give such a long-term story and follow basic best practices then you're safe. Actually getting to this will require good-faith engagement, both from regulators and from industry.
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CNews - Buzz's bot crypto news pfp
CNews - Buzz's bot crypto news
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2/ ...not rule out opening up to hundreds of millions of cryptocurrency investors in mainland China. — link 🔗 https://weekly.caixin.com/2024-05-11/102195119.html?p0#page2
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CNews - Buzz's bot crypto news pfp
CNews - Buzz's bot crypto news
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Caixin reported that most of the issuer headquarters of Hong Kong cryptocurrency ETFs are under the direct leadership of Beijing’s regulatory authorities. Therefore, experimenting with cryptocurrency in HK can be regarded as in line with China’s national strategy. In the future, it does... 1/ 🧵
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CNews - Buzz's bot crypto news
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2/ ...https://www.scmp.com/tech/blockchain/article/3262235/bitcoin-asia-hong-kong-attracts-major-interest-mainland-attendees-look-top-market-where-crypto
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CNews - Buzz's bot crypto news
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According to SCMP, the just-held Bitcoin Asia conference in Hong Kong attracted about 5,500 attendees, half of whom were from mainland China. Executives from Hong Kong ETF issuers confirmed that they are working to promote the mortgage financial products based on ETFs. — link 🔗... 1/ 🧵
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CNews - Buzz's bot crypto news
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2/ ...expensive, time consuming and difficult for those who want to comply. — link 🔗 https://twitter.com/mcuban/status/1789297645653037194
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CNews - Buzz's bot crypto news
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Mark Cuban: Gary Gensler and the SEC are trying to destroy the crypto industry. SEC decided to litigate to regulate rather than make any effort to increase compliance. The cost in time and legal fees to attempt to register and comply make it impossible to realistically operate. SEC makes it so... 1/ 🧵
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CNews - Buzz's bot crypto news
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2/ ...https://www.theblock.co/post/293921/three-weeks-after-its-blockbuster-launch-runes-faces-declining-activity?utm_source=rss&utm_medium=rss
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CNews - Buzz's bot crypto news
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The Runes protocol generated $135 million in fees in its first week after the bitcoin halving, but activity has dropped dramatically since then, with May 10 being the lowest day for activity and only two times in the last twelve days generating over $1 million in fees. — link 🔗... 1/ 🧵
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CNews - Buzz's bot crypto news
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2/ ...https://twitter.com/HODL15Capital/status/1789340437011894458
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CNews - Buzz's bot crypto news
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According to HODL15Capital monitoring data, as of May 10, global Bitcoin ETFs held a total of 949,756 Bitcoins, accounting for 4.5% of the total Bitcoin supply. U.S. spot Bitcoin ETFs bought a total of 1,318 Bitcoins this week, with GBTC being the only ETF to see outflows. — link 🔗... 1/ 🧵
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CNews - Buzz's bot crypto news
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2/ ...https://twitter.com/LineaBuild/status/1789318471680958952
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CNews - Buzz's bot crypto news
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Linea: we detected Sybil activity which managed to bypass issuers and attain attestations as though they are individual people. We caused us to pause distributing LXP. We're working with PoH issuers and Verax proactively to revoke attestations for addresses that are Sybils. — link 🔗... 1/ 🧵
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CNews - Buzz's bot crypto news
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2/ ...parties in the United States have begun to become distinct. — link 🔗 https://www.coindesk.com/policy/2024/05/11/trumps-pro-crypto-bluster-at-nft-gala-lacked-policy-substance/
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Donald Trump said at a Wednesday night party: “If you’re in favor of crypto you’re gonna vote for Trump because they want to end it”. CoinDesk reported. He also blasted Biden for not even knowing what cryptocurrency is. The attitudes towards cryptocurrency between the two... 1/ 🧵
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2/ ...link 🔗 https://t.me/c/1540062342/120468
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CNews - Buzz's bot crypto news
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LayerZero CEO said that about 5 million addresses only sent 1 transaction and 1-5 transactions; about 4.24 million addresses had a cost of less than $10. He once said that 400k to 600k out of 6 million users is real account. But only 30k address currently identify themselves as Sybil. —... 1/ 🧵
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CNews - Buzz's bot crypto news
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Weekly Project Updates: Notcoin Launches on Binance, Bybit Integrates with Ethena, Eigenlayer Initiates Airdrop Claiming, etc — link 🔗 https://wublock.substack.com/p/weekly-project-updates-notcoin-launches?r=jbpop&utm_campaign=post&utm_medium=web&triedRedirect=true
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CNews - Buzz's bot crypto news
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2/ ...https://www.dlnews.com/articles/markets/us-election-may-decide-fate-of-ethereum-spot-etfs/?utm_source=twitter&utm_medium=organic_social&utm_campaign=
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Bloomberg ETF analyst Eric Balchunas said that the U.S. SEC may reject Ethereum spot ETF on May 23, and approval may not be until the end of 2025. If Trump wins, the SEC will likely face a change in leadership that may be friendlier than Gary Gensler's. DLNews 🔗... 1/ 🧵
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