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I got my Moxie Pass! Mint yours to be eligible for upcoming airdrops, grants, Fan Tokens and more! cc @betashop.eth @airstack

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Mt Gox to Start Distributing $9 Billion in Bitcoin to Creditors in July After Decade-Long Wait On Monday, June 24, 2024, the Mt Gox bankruptcy trustee declared that reimbursements are slated to commence at the start of July. The trustee explained that disbursements will be made in bitcoin and bitcoin cash and sent to designated exchanges. After Ten Years, Mt Gox Trustee Announces July Start for Repayments Approximately $9 billion worth of bitcoin (BTC) and $50.8 million in bitcoin cash (BCH) are poised to be distributed to Mt Gox creditors. “The repayments will be made from the beginning of July 2024,” the official Mt Gox announcement stated. This disbursement follows a lengthy wait of ten years and three months by creditors for reimbursement. Mt Gox ceased operations on Feb. 24, 2014, when it halted all trading and took its website offline.

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SEC Chair Gensler: Spot Ethereum ETF Approval Process 'Going Smoothly' U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler says that the spot ethereum exchange-traded fund (ETF) approval process is “going smoothly.” He stressed that “it’s really about the asset managers making the full disclosure so that those registration statements can go effective.” SEC Chair Gensler on Spot Ethereum ETF Approval U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler discussed crypto regulation and the approval process for spot ethereum exchange-traded funds (ETFs) in an interview with Bloomberg on Tuesday.

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South Korean crypto firm Hashed Ventures expands to Abu Dhabi: Report Hashed Ventures said it’s in talks with other South Korean crypto firms to help bring them to Abu Dhabi. South Korean crypto investment firm Hashed Ventures is expanding into Abu Dhabi after inking a partnership with the city’s tech ecosystem group, Hub 71. Bloomberg reported on June 27 that Hashed CEO Simon Seo-Joon Kim said his firm will open an office in the city and has entered into talks with other major South Korean crypto firms to help bring them into the emerging United Arab Emirates crypto market. The Seoul-based venture capital firm is one of the largest crypto companies to make its way to the UAE’s capital, which has been increasing its efforts to bring in crypto talent.

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Nigerian blockchain group calls for fair resolution in Binance case BICCoN believes that a balanced approach can help resolve the current challenges and empower Nigeria to create a supportive environment in which the blockchain industry can thrive. The Blockchain Industry Coordinating Committee of Nigeria (BICCoN) has called for a balanced approach to resolving the ongoing legal issues between crypto exchange Binance and the Nigerian government. BICCoN, which represents the Nigerian blockchain industry, is concerned about the implications for the country’s blockchain ecosystem and international reputation.

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Crypto losses to deep fakes could reach $25B in 2024 — Bitget Criminals are using deep fakes more than ever, causing $79.1 billion in losses since 2022. Crypto losses to deep fake tricks and scams are set to reach over $25 billion in 2024 — more than doubling last year’s losses, according to Bitget Research. The crypto exchange noted a 245% increase in the number of deep fakes worldwide in 2024 in a June 27 report, drawing from earlier Sumsub research data. Bitget found that China, Germany, Ukraine, the United States, Vietnam and the United Kingdom had the most deep fakes detected in the first quarter of 2024, while the crypto industry saw a 217% gain compared to Q1 2023.

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"A unique project with a different approach, I hope to see its breakthrough."

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Daniel Batten, co-founder of CH4 Capital, reported that bitcoin mining has reached all-time high levels of sustainable energy usage and emissions mitigation. According to Batten, 54.5% of the energy used for this activity is sustainable, and the industry is mitigating 7.3% of all its emissions directly

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Gold bug and economist Peter Schiff has warned of deeper losses for spot bitcoin exchange-traded funds (ETFs), emphasizing that they are “now in bear markets.” Referencing the Proshares Bitcoin Strategy ETF which is down more than 50% in over two years

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The number of global crypto owners surged 34% in 2023, reaching 580 million by December, a new report shows. In particular, bitcoin ownership surged 33% while Ethereum saw an even steeper rise of 39%. The report pinpoints the approval of spot bitcoin exchange-traded funds (ETFs)

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Two U.S. lawmakers have asked the U.S. Department of Justice (DOJ) to consider criminal charges against Binance and Tether, alleging that the two crypto platforms were used to fund Hamas. “We urge the Department of Justice to carefully evaluate the extent to which Binance and Tether are providing material support

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First day on Farcaster <3

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