Worldcoin Launches and Concerns, Binance Japans and Non-Germanys, ‘Blessings of God Thru Crypto’ Scams and 20 Crypto Jokes
This cryptoweek in cryptonews: Bitcoin’s decline threatened crypto’s 2023 lead over stocks, Ripple, Solana, and Stellar-based products recorded massive institutional investments as the market rebounded, Americana offered public access to its concierge vaulting, Reddit introduced the largest NFT Gen 4 Collectible Avatar batch with the iconic Snoo character, and Stan Lee digital collectibles flew off the shelves and gained up to 5,000% in value. Worldcoin launched to create a “privacy-preserving” global identity system, but Vitalik Buterin raised concerns over Worldcoin’s launch and design flaws. Meanwhile, DeFi protocol Conic Finance lost more than $3.2 million in ETH in two hacking incidents,.
Then, Binance revealed that it was ready to roll out full services on its recently-launched subsidiary platform in Japan, but it withdrew its crypto license application in Germany – for now. Speaking of exchanges, the Winklevoss twins implemented the leaderboard tactic on Gemini to boost activity on its derivatives exchange. Not speaking of banks, Spanish private bank A&G launched a crypto investment fund offering, French DeFi project Atlendis secured a €1 million loan from a French public investment bank BPI, and the Bank of Italy partnered with Polygon and Fireblocks to initiate a pilot program aimed at establishing a regulated platform for “institutional DeFi.”
In legal news, the US SEC ordered Quantstamp to return $28 million raised in a 2017 unregistered ICO, Ripple’s legal chief argued that an SEC appeal after the recent ruling could play into the hand of the company, the US DOJ requested six to eight weeks to gather evidence for its case against Celsius’ Alex Mashinsky, recent court revelations surrounding Sam Bankman-Fried’s family exposed a web of deceit, an FTX lawsuit revealed an alleged plan to use the island nation of Nauru as a doomsday bunker, and US CFTC filed a complaint against a couple who had convinced people to pay into an investment pool called “Blessings of God Thru Crypto”.
Meanwhile, South Korea formed a joint crypto crime investigation unit to fight surging crypto illegal activities, the US House Financial Services Committee approved the first crypto regulatory framework bill, and Japan’s Prime Minister Fumio Kishida said that the country’s agenda included support for the growth of Web3 companies. KEB Hana Bank was set to work with the central Bank of Korea on the CBDC pilot and stablecoin alternatives, banks in China launched the nation’s first CBDC-powered settlement service for bulk commodity spot clearing, a leading Russian lawmaker said China and Russia’s CBDCs may be “compatible”, and Russian regions welcomed the news that digital ruble pilot would launch on August 1, but banks and officials claimed that a full CBDC rollout may not come until 2027.
Not that you’ve been thoroughly newsed, it’s time you get joked. Enjoy.
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GM, CT! Carpe that Diem!
GOOODDD MORNING CRYPTO TWITTER
— K A L E O (@CryptoKaleo) July 25, 2023
Own the day pic.twitter.com/qCazP8ryiS
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Got something stronger? And in liquid form?
me and the boys getting ready to gamble on video games on chain
— LilMoonLambo (@LilMoonLambo) July 27, 2023
pic.twitter.com/DPJD0aD8Aj
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‘Just look how privacy-preserving digital identity it is…..’
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Good luck. You may die.
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‘Yup, green enough.’
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Comfy.
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Every damn time…
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Straightforward biology.
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Got to choose one. Or both.
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And discuss.
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It’s scientifically necessary.
the government – "crypto is over, no more shenanigans or monkey business!"
— moon (@MoonOverlord) July 20, 2023
memecoin developers – pic.twitter.com/IAvSgekom5
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No arguing that one.
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Ah! Brilliantly said.
“so how does this make money?”
— Eshita (@eshita) July 27, 2023
crypto founder:
pic.twitter.com/cHcvhzKhoA
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Brutal!
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No stress, all LOL.
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“When I said ‘move your ass, my memecoins are pumping’, I meant ‘move your ass away from me’. Tx”
when I’m at a party but my meme coins are pumpingpic.twitter.com/XvwI6FmMXk
— LilMoonLambo (@LilMoonLambo) July 27, 2023
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There’s always tomorrow.
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What a cute little fellow. Gave his best, bless him.
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Never too early to bring the kids into the family trade: trading.
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And for the end: in remembrance.
Moment of silence for those who gave in to the siren song of bearish narratives while tradfi has been printing as hard as post-Covid crash.
— The Crypto Monk (@thecryptomonk) July 25, 2023
Your sacrifice won’t be forgotten. pic.twitter.com/3DsAM2mdM5
