Mafalda Jesus

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[Mafalda Jesus @mafins]

Recently, Harvest Fund Management filed the first-ever spot Bitcoin ETF application in Hong Kong, following the approval of spot Bitcoin ETFs in the US. Hong Kong's Securities and Futures Commission (SFC) aims to accelerate the approval process and may approve all applications simultaneously, similar to the approach taken by the US Securities and Exchange Commission. It is believed that the performance of Hong Kong's spot ETFs may be comparable to the US market. Family office investor managers in Hong Kong express interest in spot ETF subscriptions, which were previously hindered by the complexity of investment categories and operations. Hong Kong's spot ETFs may also offer the possibility of direct Bitcoin subscriptions, in addition to accepting legal currency subscriptions. At present, no other organization has applied for a Spot Bitcoin ETF in Hong Kong, and both Harvest Fund Management and the SFC have not provided further comments. #CryptoNews

[Mafalda Jesus @mafins]

The Securities and Exchange Commission (SEC) has charged the founders of the $1.7 billion HyperFund scheme, Xue Lee and Brenda Chunga, with fraud and unregistered securities offering. The SEC alleged that Lee and Chunga raised funds by promoting HyperFund as a profitable mining investment opportunity, but in reality, it was a pyramid scheme with no legitimate revenue sources. The collapse of the project in 2022 resulted in investor losses. This case emphasizes the risks of noncompliance in the crypto space and how promoters take advantage of the allure of easy money without adhering to investor protection regulations. In addition to the SEC charges, the U.S. Attorney's Office for the District of Maryland has also filed criminal charges against Lee and Chunga. Chunga has pleaded guilty to conspiracy to commit securities fraud and wire fraud and will pay disgorgement and civil penalties as determined by the court. Disclaimer: This article is provided for informational purposes only and should not be considered as legal, tax, investment, financial, or other advice.

[Mafalda Jesus @mafins]

Join Hedera's community call on January 31st at 17:00 UTC on Discord, featuring COSO Andrew Aitken discussing their open source strategy. Learn about Hedera's decentralized public network, powered by HBAR, enabling the creation of powerful decentralized applications. With hashgraph consensus, Hedera provides superior speed, efficiency, and scalability, processing thousands of transactions per second. Don't miss this opportunity to explore the potential of this technology for enterprise use cases. #Hedera #CommunityCall #BlockchainTechnology

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Join us on January 31st at 16:00 UTC for an AMA hosted by API3, where we will dive into the exciting world of decentralized applications (dApps) and explore the convergence of data, oracles, and decentralized finance (DeFi). Learn how API3 is revolutionizing the traditional API services by offering fully decentralized APIs, addressing issues of transparency, security, and reliability. Don't miss this opportunity to engage with the API3 community and be part of the future of Web3 applications. #API3 #AMA

[Mafalda Jesus @mafins]

The SuperVerse project is set to make a big announcement on January 30th, aiming to revolutionize the digital space with advanced NFT functionality and blockchain gaming experiences. It targets both crypto-savvy individuals and newcomers from the Web2 realm, offering a holistic approach to integrating these technologies under one unified framework. With products like GigaMart and Impostors, the SuperVerse aims to bridge the gap between traditional internet users and the emerging Web3 space, making blockchain technology and NFTs more accessible and mainstream. The driving force behind the SuperVerse is the ERC-20 token, SUPER, which governs and supports the tools and features within the ecosystem, enabling innovation and setting new standards in NFT marketplace technology and Web3 gaming. Stay tuned for exciting updates on January 30th!

[Mafalda Jesus @mafins]

According to a report from CoinShares, the recent decline in cryptocurrency prices may have been caused by outflows from the Grayscale Bitcoin Trust (GBTC), leading to further outflows from digital asset investment products in Europe and Canada. During the trading week of Jan. 22 to Jan. 26, Switzerland and Germany saw the biggest outflows of $59.8 million and $31.7 million respectively. Canada had the largest outflows over the month with $209.8 million, followed by Germany and Sweden with $124.5 million and $34.2 million respectively. However, there was a positive inflow of $10.3 million into digital asset products in Brazil last week. #CryptoNews

[Mafalda Jesus @mafins]

Merit Circle will be hosting an AMA on January 31st, where they will discuss their innovative web3 digital ecosystem aimed at revolutionizing the gaming industry. Using blockchain technology, Merit Circle combines gaming innovation and cutting-edge solutions across four key areas: Merit Circle Investments, Merit Circle Gaming, Merit Circle Studios, and Sphere Marketplace. The ecosystem's central token, MC, grants holders the ability to impact DAO decisions, partake in games, exchange NFTs, stake the token for enhanced voting rights, and receive additional rewards. Join the AMA to learn more about this exciting project.

[Mafalda Jesus @mafins]

Fidelity's Bitcoin ETF is gaining traction, with a reported $208 million in daily inflows on Jan. 29, surpassing the outflows from Grayscale Bitcoin Trust. This marks a significant shift as Fidelity's FBTC demonstrates its appeal to investors. Meanwhile, GBTC outflows have decreased by 25% compared to Jan. 26, indicating potential stabilization and a decreased price pressure on Bitcoin. Additionally, the emergence of nine new U.S. spot Bitcoin ETFs has further contributed to the growing popularity of these investment vehicles, with a combined volume close to double that of GBTC.

[Mafalda Jesus @mafins]

Polygon, previously known as Matic Network, is introducing an upgrade to its zkEVM on February 6th. This upgrade will enable developers to seamlessly deploy their code on Polygon zkEVM without any modifications, mirroring the process on Ethereum. With the Etrog upgrade, currently being tested on Cardona, a Sepolia-anchored testnet for Polygon zkEVM, end users will not need to take any specific action once it is live on the mainnet. Polygon, as a layer-2 scaling solution for Ethereum, strives to enhance scalability for decentralized applications by utilizing a modified version of Plasma with sidechains. The native token MATIC serves as a payment medium within the network and for settling transactions among users within the Polygon ecosystem. By leveraging a novel sidechain solution, Polygon aims to address the limitations of conventional blockchain networks, such as low throughput, subpar user experience, and lack of community governance. #CryptoNews

[Mafalda Jesus @mafins]

Star Atlas, an ambitious MMO game built on the Solana blockchain, will be hosting a competition among its DACs (Guilds) on February 29th. This exciting event will showcase the unique qualities of each DAC as they compete against each other to demonstrate their superiority. With over $26,000 worth of Star Atlas land as the grand prize, the stakes are high.

Star Atlas offers players a truly immersive metaverse experience, combining strategy, exploration, and combat in a cosmic science fiction world. Players can explore space, mine resources, build ships and colonies, and engage in battles with other players, all while earning real money through the game's cryptocurrency-based economy. Every action, from mining resources to participating in battles, can be tokenized and exchanged for real-world currency.

Through the use of non-fungible tokens (NFTs), Star Atlas creates unique digital assets that can be traded on its in-game marketplace, including spaceships and land plots on various planets. Leveraging the scalability and low fees of the Solana blockchain, Star Atlas provides a seamless and dynamic gaming environment. The incorporation of Unreal Engine 5 technology further enhances the visually stunning game world.

Within the Star Atlas metaverse, the ATLAS token serves as the in-game currency, allowing players to utilize it for various purposes. Join the competition on February 29th and experience the excitement of Star Atlas and its innovative gameplay. #CryptoNews

[Mafalda Jesus @mafins]

Sui's token price has reached an all-time high of $1.58, with a surge in total value locked (TVL) of 98% in the past month. This growth has allowed Sui to surpass Coinbase's Base and Cardano in TVL. The surge is attributed to strategic partnerships with Alibaba Cloud and Solend, providing more resources and expanding the Sui ecosystem. The Sui Foundation incentivizes projects and users within the network with infrastructure-friendly tokenomics. With a market cap of approximately $1.5 billion, Sui has experienced significant growth in the past month, according to Token Terminal's statistics. #CryptoNews

[Mafalda Jesus @mafins]

The US Securities and Exchange Commission has charged the founders of HyperVerse, Sam Lee and Brenda Chunga, with crypto fraud following their involvement in a $2 billion Ponzi scheme. The lawsuit alleges that they defrauded investors by promoting fake crypto mining operations and even went as far as hiring an actor to pose as the CEO. Operating under names like HyperFund and HyperTech, they operated a pyramid and Ponzi scheme since 2020. Regulators claim that investor withdrawals were paid with deposits from new victims, as there was no legitimate revenue. Chunga spent over $3.7 million on luxury purchases, while Lee transferred at least $140,000 of illicit funds. The collapse of HyperVerse resembles other failed crypto investment schemes. Lee and Chunga have been charged with conspiracy to commit wire fraud, and the SEC is seeking the return of ill-gotten gains. Chunga has agreed to a settlement, while authorities have also arrested Rodney Burton for his involvement in the fraudulent schemes.

[Mafalda Jesus @mafins]

Nym, a privacy-focused project, is set to release NymVPN Alpha in February. Users can utilize NYM tokens to access the mixnet, enhancing the privacy of their data. Additionally, NYM tokens serve as a reward for mix nodes that perform traffic mixing and ensure privacy for Nym network users. Fees collected in NYM are allocated to a reward pool and distributed to mix nodes based on their reputation and performance, quantified in NYM tokens. Users also have the option to delegate their NYM tokens to mix nodes, validating their reputation and earning a share of the rewards. It is important to note that NYM is not a general-purpose payment mechanism or a typical cryptocurrency, but solely intended for activities within the Nym network. #CryptoNews

[Mafalda Jesus @mafins]

@titerito_2471 Ethereum’s “Istanbul” system-wide upgrade arrived ahead of schedule, causing confusion among miners.

[Mafalda Jesus @mafins]

@TumblrMichelle “The world of crypto just got a little more interesting with state-owned bank Bpifrance joining the cap table of lightning-focused bitcoin startup ACINQ. #CryptoNews #BitcoinStartup”

[Mafalda Jesus @mafins]

@Rapettah12 A new broker-dealer partnership in the U.S. has enabled Smartlands, a UK tokenization firm, to bet on a billion-dollar security token crowdfunding model. #Smartlands #Tokenization #SecurityCrowdfunding

[Mafalda Jesus @mafins]

@TumblrMichelle ConsenSys is investing in the future of Ethereum by awarding $175,000 in grants to 7 projects that support under-resourced areas of development in the Ethereum ecosystem. This is a great step forward for the Ethereum community! #ConsenSys #Ethereum #Blockchain

[Mafalda Jesus @mafins]

@TumblrMichelle The wait is over! Binance is finally launching its first fiat-to-crypto trading pairs, and the Russian ruble is leading the way. #Binance #cryptocurrency #RussianRuble #tradingpairs

[Mafalda Jesus @mafins]

@pelusithaxadoer Foresight Ventures has acquired The Block, a leading crypto data and news site, for $70M. The company is now set to expand into Asia and the Middle East, providing its readers with even more insightful coverage of the crypto world! 🌏📈 #Crypto #News #Expansion

[Mafalda Jesus @mafins]

@pelusithaxadoer “Token Offering Platform CoinList has raised $10 million in a funding round backed by Jack Dorsey, CEO of Twitter and Square. The funds will be used to develop a new exchange and wallet. #CoinList #JackDorsey #blockchain” 1