NewsBriefs - MicroStrategy looking to hire Bitcoin Advocacy Manager
10/06/2024 00:00MicroStrategy, the top corporate Bitcoin holder, is hiring a Manager of Bitcoin Advocacy to lead initiatives and corporate adoption strategi...
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MicroStrategy looking to hire Bitcoin Advocacy Manager
MicroStrategy, the top corporate Bitcoin holder, is hiring a Manager of Bitcoin Advocacy to lead initiatives and corporate adoption strategies. The role involves overseeing an annual Bitcoin conference, driving education efforts, and solidifying MicroStrategy's position in the Bitcoin community. The manager will work across departments, leveraging partnerships and contributing to marketing campaigns. A DC-based hub for Bitcoin community interactions is also planned. The job posting has received 37 applications so far.
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MicroStrategy looking to hire Bitcoin Advocacy Manager
MicroStrategy, the top corporate Bitcoin holder, is hiring a Manager of Bitcoin Advocacy to lead initiatives and corporate adoption strategies. The role involves overseeing an annual Bitcoin conference, driving education efforts, and solidifying MicroStrategy's position in the Bitcoin community. The manager will work across departments, leveraging partnerships and contributing to marketing campaigns. A DC-based hub for Bitcoin community interactions is also planned. The job posting has received 37 applications so far.
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IMF urges El Salvador to strengthen Bitcoin oversight and regulation
The IMF has again called on El Salvador to strengthen its regulatory framework and oversight of Bitcoin. The organization recommends narrowing the scope of the bitcoin law and limiting public sector exposure to crypto. This continues the IMF's longstanding concerns since El Salvador made Bitcoin legal tender in 2021. Despite these warnings, El Salvador currently holds 5892 BTC, worth about $345 million. President Bukele claims the country's Bitcoin strategy has been "net positive" despite lagging adoption.
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Visa unveils tokenized asset platform for digital asset management
Visa introduced the Visa Tokenized Asset Platform (VTAP) for issuing and managing fiat-backed tokens, including stablecoins and CBDCs. VTAP offers end-to-end infrastructure for minting, transferring, and settling digital assets on public and permissioned blockchains. Currently in sandbox phase with BBVA testing, VTAP aims for a live pilot on Ethereum in 2025, targeting institutional investors and central banks.
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BlackRock and Fidelity Bitcoin ETFs rank among top 10 biggest ETF launches this decade
BlackRock's IBIT and Fidelity's FBTC Bitcoin ETFs have rapidly become two of the top 10 largest ETFs launched in the 2020s. IBIT overtook Grayscale's GBTC to become the largest spot Bitcoin ETF in the US, holding over $22 billion worth of Bitcoin. The success of these crypto-based funds highlights increasing mainstream adoption and investor interest in Bitcoin as an asset class.
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Australian police crack crypto wallet, seizes $6.4 million
Australian Federal Police seized $6.4 million in crypto linked to a global crime syndicate as part of Operation Kraken. The AFP arrested Jay Je Yoon Jung, the suspected mastermind behind the encrypted communication app Ghost. A CACT analyst cracked the seed phrase from wallets on Jung's devices, enabling the fund recovery. The operation has led to 46 arrests, 93 search warrants, and the seizure of illegal firearms and drugs. This development highlights the ongoing challenge of cybercrime in the crypto industry, with attacks surging to $2.1 billion in 2024.
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COPA and Unified Patents launch campaign against blockchain patent trolls
COPA and Unified Patents have initiated the "Blockchain Zone" campaign to combat patent trolls in crypto. The initiative aims to protect blockchain firms from costly legal claims by non-practicing entities, which accounted for 58% of US patent litigation last year. The campaign covers NFTs, wallets, and smart contracts. Coinbase's legal chief emphasized the importance of stopping patent trolls to foster innovation in the crypto economy.
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Ripple secures DFSA approval for UAE market entry
Ripple received in-principle approval from the DFSA to expand services from the DIFC. This allows Ripple to introduce cross-border payment services, including Ripple Payments Direct, in the UAE. As the first blockchain-enabled payment services provider licensed by the DFSA, Ripple aims to strengthen its global footprint and offer faster, cost-effective solutions. The approval aligns with UAE's vision to become a leading crypto and fintech hub. Ripple holds over 55 licenses worldwide and continues to prioritize regulatory compliance to support blockchain adoption in financial services.
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SoftBank plans $500M investment in OpenAI as part of larger funding round
SoftBank's Vision Fund aims to invest $500 million in OpenAI's latest funding round which is expected to boost the company's valuation to $150 billion. OpenAI is seeking to raise $6.5 billion, with Thrive Capital leading and Microsoft participating. Other potential investors include Tiger Global, Coatue Management, Nvidia, and Dragoneer Investment Group. SoftBank's CEO has reportedly held talks with OpenAI's CEO and Jony Ive about a new AI-based personal device venture.
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Bithumb considers US Nasdaq listing alongside South Korean IPO plans
Crypto exchange Bithumb is exploring a US Nasdaq listing, expanding on previous plans for a South Korean IPO. The company told shareholders all listing possibilities are open, both domestic and international. This news follows earlier reports of Bithumb's intention to go public on Kosdaq in the second half of 2025, with Samsung Securities as the IPO manager. The exchange's potential Nasdaq listing signals a strategic shift in its public offering approach.
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Binance unveils Explorer's Guide for Telegram mini-game Moonbix
Binance has rolled out the Explorer's Guide for its Telegram mini-game Moonbix. The game offers daily free plays, point-earning opportunities, and tasks like check-ins and account binding. Players can earn points through gameplay, inviting friends, and completing tasks. The game's points determine rankings in the Moonbix Hall of Fame, with top-ranked users receiving rewards. Binance warns users about impersonation accounts and emphasizes following official channels for updates.
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Trump backs new defi project WLFI amid skepticism and concerns
Former US President Donald Trump is launching a DeFi protocol called World Liberty Financial (WLFI) and its token. The project faces skepticism from industry experts, with concerns about its impact on Trump's presidential campaign and the crypto sector's reputation. Critics warn of potential legal troubles and conflicts of interest, while supporters see it as a way to legitimize DeFi. The project's tokenomics and team composition have raised questions, with some calling it a potential pump-and-dump scheme. The launch timing and its implications for Trump's candidacy and the crypto industry remain contentious issues.
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Eigenlayer and restaking protocols gain prominence in defi space
Restaking protocols like EigenLayer are gaining traction in the DeFi space, offering higher yields but introducing potential systemic risks. LRTs saw a 4,900% growth in TVL, surpassing $15 billion in 2024. While restaking maximizes returns, it also increases complexity and vulnerability. Experts warn of smart contract risks, liquidity challenges, and regulatory uncertainties. EigenLayer's dominance raises concerns about Ethereum's security. The long-term effects of yield optimization strategies remain uncertain, with potential for unforeseen issues in volatile markets.
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PayPal enables US business accounts to buy, hold, and sell crypto
PayPal now allows US merchants to buy, hold, and sell crypto directly from business accounts. This expansion covers about 36 million merchant accounts as of 2023. The move includes on-chain sending and receiving of tokens to third-party wallets. PayPal aims to increase crypto utility and accessibility for merchants, building on its crypto features introduced in 2020. The company launched PayPal USD (PYUSD) stablecoin in 2023, recently expanding to Solana blockchain and integrating with Xoom for fee-free international transfers.
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Binance introduces pre-market spot trading with actual tokens
Binance launched a pre-market spot trading service, allowing users to trade actual tokens before official launches. This distinguishes Binance from competitors like Bybit and Coinbase International, which use derivatives or futures contracts for pre-market trading. The service combines Binance Spot and Launchpool, with selected Launchpool tokens available for immediate trading. Pre-market trading is subject to restrictions and unavailable in certain regions, including the US and Canada.
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SEC delays decision on Ethereum ETF options until November
The SEC has postponed its decision on Ethereum ETF options to November, mirroring its cautious approach with Bitcoin ETFs. Polymarket betting odds show 85% expect Ethereum won't reach a new all-time high by 2025. ETH price has consolidated between $2,600 and $2,700, with potential profit-taking expected. The largest altcoin has a $316 billion market cap and $15.7 billion in 24-hour trading volume.
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