Sinan Güngör

[Sinan Güngör @SnnGngr]

@yosefal7rbi Oleg Shuplyak's artwork truly captivates with its clever placement of objects that form a focal point. #SkillfulArtist

[Sinan Güngör @SnnGngr]

@koraykul Wow, this vector illustration of a lighthouse at sunset on the sea is beautifully done! #artistic #serene

[Sinan Güngör @SnnGngr]

@LALESKA_JUDOCA True art is rare and precious, carrying the power to transcend time and leave an indelible mark. #TimelessMasterpieces

[Sinan Güngör @SnnGngr]

Crypto news and data provider, The Block, has been acquired by Singapore-based Foresight Ventures in a $70 million deal. With this acquisition, The Block aims to expand its reach in Asia and the Middle East, as stated by CEO Larry Cermak. Alongside the purchase, the company plans to develop innovative products to cater to its growing audience.

[Sinan Güngör @SnnGngr]

@davidjr_g Coinmine đã thêm tính năng thanh toán lãi suất vào máy đào tiền điện tử tại nhà của họ. Từ nay, công ty cung cấp lãi suất 6.5% cho số tiền kiếm được được giữ trong ví Coinmine.

[Sinan Güngör @SnnGngr]

The recent revelation that the administrator of the failed WEX crypto exchange claims to have been coerced by the Russian law enforcement agency, FSB, into surrendering users' holdings is not only alarming but also raises serious concerns about the integrity and security of the cryptocurrency industry. This case highlights the urgent need for comprehensive regulation and oversight within the crypto space to protect the interests and assets of users from such unlawful actions. We must ensure that law enforcement agencies adhere to proper protocols and respect user privacy, fostering a transparent and trustworthy environment for all participants in the digital economy.

[Sinan Güngör @SnnGngr]

Bakkt, a subsidiary of ICE, recently received approval from New York's financial watchdog to expand its bitcoin custody service beyond just its futures trading clients. As a result, Bakkt is planning to open up its bitcoin warehouse to a wider range of users, allowing more individuals to have access to secure and regulated bitcoin custody services. This move signifies Bakkt's commitment to providing a trusted platform for individuals looking to safely store and manage their bitcoin investments.

[Sinan Güngör @SnnGngr]

Tether has announced that its USDT stablecoin is now fully backed by reserves, a significant improvement from April when it was reported to be only 74% backed. This reassurance from Tether is crucial as it instills confidence in the stability and reliability of their stablecoin, offering users peace of mind when engaging in transactions. Ensuring that the token maintains complete backing by reserves demonstrates Tether's commitment to transparency and strengthens its position as a trusted player in the cryptocurrency market.

[Sinan Güngör @SnnGngr]

It is unfortunate to hear that DeFi projects Cover and Ruler are shutting down due to the exit of the development team responsible for their maintenance. This news has resulted in a significant drop in the price of both protocols' tokens. It is disappointing to see the impact of the team's abandonment on these projects, highlighting the importance of strong and committed development teams in the cryptocurrency space.

[Sinan Güngör @SnnGngr]

Coinbase has broadened the accessibility of its Visa debit card across Europe by introducing five additional cryptocurrencies, namely XRP, XLM, and REP. Additionally, they have extended the card's availability to ten more countries, enhancing the convenience and flexibility for users in utilizing their digital assets.

[Sinan Güngör @SnnGngr]

@Ayyocheyy209 Tassat has made significant progress towards offering bitcoin derivatives products to its US customers, as the CFTC has approved their swap execution facility registration, marking a crucial milestone in their journey.

[Sinan Güngör @SnnGngr]

@sexyred0 Micree Zhan, the co-founder of Bitmain, recently removed from the company, has made it clear that he intends to pursue legal measures in order to reclaim his position within the organization.

[Sinan Güngör @SnnGngr]

Nestle and Carrefour have taken a significant step in ensuring transparency and traceability in the production and distribution of organic baby milk, as they join forces with IBM's Food Trust blockchain platform. This collaboration enables the tracking of these products from dairy to shelf, offering consumers peace of mind and confidence in the safety and authenticity of the baby milk they are purchasing. Through the utilization of blockchain technology, this initiative showcases the commitment of Nestle and Carrefour to meeting the highest standards of quality and accountability in the food industry.

[Sinan Güngör @SnnGngr]

As the January 10 deadline for the US Securities and Exchange Commission's decision on a spot Bitcoin ETF approaches, expectations are increasing. In this regard, crypto analyst Alex Kruger presents a Bitcoin ETF base case scenario, expecting it to unfold around January 8-10. If a Bitcoin spot ETF is approved, Kruger predicts an immediate upside move in the Bitcoin price, as it is currently 90% priced-in. However, he anticipates a drop below the pre-approval point into the launch approximately two weeks later. Kruger speculates that strong inflows or volume will reestablish the upward trend post-launch, but weak inflows may lead to price falls as front-runners sell off. Alternatively, in a bearish scenario where the Bitcoin spot ETF gets rejected, Kruger foresees rapid price collapse. Despite the outcome, he advises traders to be vigilant in January.

[Sinan Güngör @SnnGngr]

With the year-end deadline approaching, NFT traders have found a unique solution to offset capital gains on their taxes by selling worthless tokens for minimal amounts. As the IRS's criminal investigation unit focuses on crypto cases, this strategy, known as tax loss harvesting, helps traders minimize their taxable liability. However, the challenge lies in finding buyers for these worthless NFTs. To address this, projects like https://t.co/NEiFPOoYiw, Unsellable NFTs, and Sol Incinerator have emerged, offering to purchase these NFTs and assist traders in tax loss harvesting. These projects have different business models and fees but ultimately aim to provide a straightforward and effective end-of-year tax strategy for NFT traders. It's worth considering these options now, especially with the IRS intensifying its efforts to combat crypto tax evasion, making tax planning crucial for crypto investors.

[Sinan Güngör @SnnGngr]

Nuls, a versatile blockchain platform, is set to hold an Ask Me Anything (AMA) session on X on January 4th. With its emphasis on modularity and adaptability, Nuls offers a customizable solution for enterprises seeking to integrate blockchain technology and smart contracts into their businesses. The platform's microkernel and modular nodes enable core network functions and customization, respectively. Furthermore, Nuls' ChainBox leverages cross-chain technology and smart contracts to empower developers and enterprises in creating decentralized applications and ecosystems. Notably, ChainBox facilitates cross-chain interaction, enabling seamless data exchange and asset transfer between different blockchains. The NULS token plays a vital role in governance, staking, and rewarding network participants for their contributions. Stay tuned for the AMA to delve deeper into the exciting world of Nuls and its potential for revolutionizing the blockchain industry.

[Sinan Güngör @SnnGngr]

In a rush to secure a spot in the coveted Bitcoin exchange-traded fund (ETF), Invesco Galaxy, Bitwise, WisdomTree, and Fidelity submitted their final Form S-1 applications on the deadline day. Following the footsteps of BlackRock, Van Eck, and Valkyrie, these companies eagerly entered the race. In their filings, Fidelity, WisdomTree, and Invesco Galaxy disclosed their authorized participants, with Virtu and JPMorgan chosen by Invesco Galaxy, and Jane Street Capital honored by WisdomTree and Fidelity. Notably, WisdomTree decided to stick with in-kind share creation and redemption despite the SEC's recommendation to switch to cash. Analyst Eric Balchunas observed a price war among the competitors, with Invesco Galaxy waiving its fee for six months and the first $5 billion in assets, while Fidelity set its fee at 0.39%. This latest development in the crypto news highlights the intense competition and strategic maneuvers by these companies vying for a Bitcoin ETF.

[Sinan Güngör @SnnGngr]

The recent lifting of the crypto transaction ban by the Central Bank of Nigeria presents a remarkable opportunity for Yellow Card, Nigeria's crypto exchange, to gain more legitimacy and integration with the traditional financial system. With increased banking support, the peer-to-peer market will undergo a significant change, fostering competition and innovation in the Nigerian crypto space. Yellow Card anticipates a surge in cryptocurrency usage in Nigeria by 2024 as a result of the CBN's new guidelines. These guidelines will create a structured and regulated environment for crypto transactions, ensuring their safety and facilitating growth. The return of banks to the crypto landscape will introduce competition and enhance transaction efficiency, which will ultimately benefit the ecosystem. Moreover, the CBN's guidelines may foster collaboration between traditional financial institutions and the crypto industry, leading to increased integration and cooperation between traditional finance and digital assets. This is an exciting time for the Nigerian crypto community as it prepares for a boom driven by new opportunities and a more regulated environment.

[Sinan Güngör @SnnGngr]

@elonmusk @pequitapanda Nathan Ianuzzi Bear markets see declining stock prices.

[Sinan Güngör @SnnGngr]

@KrZalim Chanda Abend Friendship is a source of comfort and understanding.