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๐Ÿ’ฐ Vitalik personally holds over $750 million in ETH. According to on-chain data, the Safe multi-signature address starting with 0x220, controlled by #Ethereum co-founder Vitalik Buterin, currently holds 243,000 ETH ($761 million). @CryptoPM #CryptoNews #BTC๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ

๐Ÿ’ฐ Vitalik personally holds over $750 million in ETH.

According to on-chain data, the Safe multi-signature address starting with 0x220, controlled by #Ethereum co-founder Vitalik Buterin, currently holds 243,000 ETH ($761 million).

@Crypto PM #CryptoNews #BTC๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ

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๐Ÿš€ Web3 company Matera has secured $3.6 million to integrate decentralized finance (DeFi) with existing social media platforms, aiming to bolster the creator economy. ๐Ÿ’ฐ This funding aims to address the challenge of monetization within the creator economy and drive its value to over $1 trillion by 2030. ๐Ÿค Investors such as Sidedoor Ventures, HighCass Crypto, Medusa Ventures, The Sandbox, and Saxon Partners have backed Matera's funding round. ๐Ÿ”— Matera's goal is to merge DeFi with popular social media platforms, revolutionizing how creators earn money and interact with their audience. ๐ŸŒ By leveraging the existing user base and market reach of traditional platforms while integrating Web3's innovative economic models, Matera aims to enhance the economic value of creator networks without displacing current platforms. ๐ŸŽฏ Matera introduces innovations like the Matera Credit Score, which evaluates creators based on their interactions across various platforms, facilitating access to funds and rewards within Materaโ€™s ecosystem. ๐Ÿ‘จโ€๐Ÿ’ผ CEO Sam Huber highlights the challenge of Web3 SocialFi due to underestimated network effects of Web2 platforms and emphasizes Matera's approach to bridging this gap. ๐Ÿ“ˆ Matera expects to significantly expand the creator economy, targeting to onboard 100 million creators and their followers onto the blockchain by 2030. โ›“๏ธ Matera is also developing a robust blockchain infrastructure, including a DeFi platform, a protocol layer, and a layer-2 network for scalability and efficiency. ๐Ÿ“ฑ Currently supporting creators on X (formerly Twitter), Matera plans to extend its services to more social media platforms, further influencing the creator economy landscape. #ETH๐Ÿ’USDT #ENADump #web3 #DEFฤฐ
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๐Ÿ•ต๏ธ According to blockchain investigator ZachXBT, North Korea's Lazarus Group was implicated in laundering $200 million through cryptocurrency hacks between August 2020 and October 2023. ๐Ÿ’ฐ The group employed sophisticated laundering techniques such as coin mixers and peer-to-peer exchanges to obfuscate the origins of stolen funds from over 25 breaches across various blockchain platforms. ๐Ÿ” ZachXBT's report revealed that Lazarus utilized the Ethereum mixer Tornado Cash and the Bitcoin-based ChipMixer extensively. ๐Ÿ’ธ Additionally, Lazarus converted significant amounts of cryptocurrency into fiat currency via peer-to-peer platforms, with linked accounts receiving $44 million. Usernames "asyGoatfish351" and "airJunco470" were identified in these transactions. ๐Ÿ’ผ Known for orchestrating some of the largest digital heists, Lazarus Group's thefts total over $3 billion, with the United Nations Security Council claiming these funds support North Korea's weaponry initiatives, highlighting broader security risks. #Lazarus #LazarusGroupExposed
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๐Ÿ”’ Former Binance CEO Changpeng Zhao, or CZ, will serve a four-month prison term for inadequate implementation of anti-money laundering controls at the cryptocurrency exchange. โš–๏ธ The sentence, issued in Seattle, is lighter than the three-year term prosecutors sought for what they deemed a serious violation of the Bank Secrecy Act (BSA). ๐Ÿ‘จโ€โš–๏ธ During the sentencing hearing, Judge Richard Jones considered CZ's philanthropic background and first-time offense, significantly influencing his decision. ๐Ÿ“œ Before the hearing, Judge Jones reviewed numerous positive letters about CZ, emphasizing his charitable endeavors and personal integrity. ๐Ÿฆ CZ becomes the first CEO imprisoned under the BSA, highlighting the seriousness of Binance's oversight in anti-money laundering practices. โš–๏ธ Prosecutors argued that CZ's charitable actions do not excuse legal violations, while the defense stressed his voluntary surrender and cooperation. ๐Ÿ“ Judge Jones acknowledged overwhelming support for CZ but reiterated that his role at Binance did not exempt him from legal obligations. ๐Ÿ’ผ Despite the prison term, CZ plans to continue his philanthropic work, indicating that this setback is likely only a temporary pause in his career. #BNBโฉ #CZ #Binance #exchange
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๐Ÿ‡ฎ๐Ÿ‡ฉ Indonesia's presidential election in February 2024 saw a victory for Prabowo Subianto and Gibran Rakabuming, perceived as supporters of the cryptocurrency industry. ๐Ÿ“ˆ Key industry figures like Subani from CFX and William Sutanto of INDODAX anticipate positive impacts on the country's crypto sector under the new administration. ๐Ÿ”’ Subianto pledges to tighten regulations to combat tax evasion, while Rakabuming aims to cultivate blockchain expertise among the youth. ๐Ÿค Both leaders are committed to fostering the cryptocurrency environment, with their intentions reaffirmed after being declared winners by the electoral commission on April 25. ๐Ÿ’ก There's an expectation that the new government will uphold or improve existing crypto-friendly policies. ๐Ÿš€ Sutanto highlights Rakabuming's potential to drive innovation in the blockchain and cryptocurrency sectors, given his appeal to the younger generation and strategic planning capabilities. ๐ŸŒ Indonesia, while not leading in transaction volumes, has witnessed significant growth in registered crypto users under President Joko Widodo, laying a promising groundwork for the new leadership to elevate the country's position in the regional crypto market. #CryptoNews #CryptoNews๐Ÿš€๐Ÿ”ฅ
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โš–๏ธ Bitcoin investor Roger Ver faces extradition after being detained in Spain on tax fraud charges, as announced by the U.S. Department of Justice (DOJ). ๐Ÿ’ผ Ver, who became a citizen of St. Kitts and Nevis in 2014, is accused of evading taxes totaling $50 million while operating two American companies, MemoryDealers.com and Agilestar.com. ๐Ÿ” The DOJ alleges Ver failed to pay sufficient exit taxes on the capital gains from his assets, including approximately 131,000 bitcoins owned by him and his companies in 2014. ๐Ÿ’ฐ By mid-2017, Ver's companies reportedly retained about 70,000 bitcoins, which he allegedly took control of and sold for around $240 million in November 2017. ๐Ÿ“‰ Ver is also accused of providing misleading information to a law firm, resulting in the filing of false tax returns that underreported the value of the bitcoins and his ownership of them. ๐Ÿ” This incident underscores the importance of transparency and compliance in handling cryptocurrency assets concerning tax obligations, highlighting the need for individuals to adhere to tax laws and regulations. #BTCโ€ฌ #bitcoin #bitcoinhalving
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