Bitget Reports Strong Market Share Growth in Q3 2023
Cryptocurrency exchange Bitget has released its financial report for Q3 2023, highlighting its achievements during this period. Despite a decline in spot trading and derivative trading volume on centralized exchanges (CEXs), Bitget experienced a significant increase in market share. The exchange also reported that its BGB token reached the top 5 CEX tokens by market cap, with a 300% year-to-date price growth. Additionally, Bitget unveiled plans to expand into the Middle East region and launched a $100 million fund to support the Web3 ecosystem.
Georgia Doctor Pleads Guilty to Using Bitcoin for Murder-for-Hire
A doctor from Georgia, USA, has pleaded guilty to using the dark web to hire a hitman to kill his girlfriend. The doctor paid over $16,000 in bitcoin (BTC) for the job. He provided detailed information about the victim and made multiple BTC payments to the dark web marketplace. Fortunately, FBI agents learned about the order and were able to notify and protect the victim. This case highlights the potential misuse of cryptocurrencies for illegal activities and emphasizes the need for strong regulations in the industry.
Beluga Raises $4 Million in Seed Round
Crypto platform Beluga has announced a successful $4 million seed round led by Fin Capital and featuring participation from various crypto and FinTech investors. The funds will be used to further develop Beluga’s platform and onboard new users. Beluga aims to provide a trusted platform for crypto users to invest with confidence. The company plans to launch additional tools in the coming months to help users find and utilize the best crypto products available.
Hamas’ Use of Cryptocurrency Raises Concerns About Crypto Regulations
The recent use of cryptocurrency by Hamas to fund attacks on Israel is likely to prompt increased scrutiny and regulation of digital currencies in Asian countries. Governments and regulatory bodies are expected to implement new rules and regulations to prevent such incidents in the future. However, some experts argue that banning cryptocurrencies would only drive terrorist financing underground and make it harder to trace and stop. They emphasize the importance of harmonizing standards across jurisdictions to effectively address issues related to terrorist financing.
ELONN.AI Announces Product Roadmap and App Launch
ELONN.AI, an AI project backed by SMART VALOR, has unveiled its product roadmap and launched its app. The founders aim to disrupt the dominance of Big Tech in the field of AI by creating a decentralized, open-source AI companion for investment experiences. The project has received funding from SMART VALOR, including proceeds from the company’s IPO on Nasdaq First North. The vision behind ELONN.AI is to provide investors with heightened intelligence, safety, and simplicity through AI technology.
Q Development AG Launches Saving & Borrowing Incentive Program
Q Development AG, the company supporting the decentralized Q Protocol, has announced the second stage of its Saving & Borrowing Incentive Program. This initiative encourages users to utilize Q’s Saving and Borrowing platform, which allows borrowing against collateral such as WBTC, DAI, and USDC stablecoins. Participants in the program receive Q tokens for various actions related to asset bridging and using Q’s Saving Portal. The program consists of three phases, with each phase requiring a pre-set total value locked (TVL) goal to be met before proceeding to the next phase.
Hot Take: Cryptocurrency Industry Faces Increased Scrutiny Amidst Criminal Activities
The recent cases involving cryptocurrency misuse for illegal activities highlight the need for increased regulation and scrutiny in the crypto industry. Governments and regulatory bodies are likely to implement stricter rules to prevent such incidents in the future. However, it is important to strike a balance between regulation and innovation, as banning cryptocurrencies may drive illicit activities underground. Harmonizing standards across jurisdictions and promoting transparency can help address concerns related to terrorist financing and other criminal activities. The industry must continue to prioritize security measures and work towards building trust among users and regulators.
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