Intent execution network dappOS has secured $15.3 million in Series A funding, led by Polychain, valuing the company at $300 million. Previously, dappOS was part of Binance Incubation Program Season 5 in December 2022 and received seed investment from Binance Labs, Sequoia China, and other investors in July 2023.
Are regulatory changes in Europe reminiscent of a 1984-style scenario, or are they simply standard developments? Could the EU be inclined to fully adopt cryptocurrencies?
U.S. Government Charges KuCoin with AML Violations
One of the world’s top cryptocurrency exchanges faces new criminal charges from the U.S. government.
On Tuesday, U.S. federal prosecutors in Manhattan formally charged KuCoin and its two founders (both Chinese nationals) with violating U.S. anti-money laundering (AML) laws. Prosecutors allege that KuCoin operated in the U.S. without proper registrations, failed to maintain appropriate KYC and AML programs, and lied to investigators about its U.S. operations.
1. **Promotional Tool**: Airdrops are often used as a marketing tactic by blockchain projects to increase awareness, attract new users, and stimulate adoption of their token or platform.
2. **Distribution Method**: Airdrops involve the free distribution of tokens or coins to individuals who meet certain criteria, such as holding a specific cryptocurrency in a compatible wallet or participating in specific activities like social media engagements.
3. **Types of Airdrops**: There are different types of airdrops, including standard airdrops where tokens are distributed for free, bounty airdrops where users perform tasks in exchange for tokens, and hard fork airdrops where holders of a specific cryptocurrency receive tokens from a new blockchain fork.
4. **Purpose**: Airdrops can serve various purposes, such as rewarding early adopters, building a community around a project, incentivizing certain behaviors (e.g., staking or liquidity provision), or redistributing tokens to increase decentralization.
5. **Regulatory Considerations**: While airdrops are generally seen as a way to distribute tokens fairly and transparently, there can be regulatory implications depending on the jurisdiction and the nature of the tokens distributed. Projects and participants should be mindful of compliance requirements, especially regarding securities laws and tax obligations.
Kudos to the Ethereum community for the recent Dencun upgrade, featuring Proto-Danksharding. Following the update, gas costs for posting Chainlink oracle reports on L2 rollups like Arbitrum, Base, and Optimism plummeted by as much as 99%.
Let's start with the Bitcoin ETFs and examine the competition among issuers for market share. We can observe that Grayscale's share has decreased to less than 50%, while BlackRock leads the new entrants acquiring AUM with a 27.4% market share that is growing quickly, followed by Fidelity with a 15.9% market share.
#ZeroLend is gearing up to distribute 10% of ZERO’s circulating supply to participants in its upcoming #airdrop . Don’t miss out on this opportunity to join the airdrop and accumulate points by completing simple tasks. Plus, boost your earnings by referring friends to participate. These points will later be converted into ZERO tokens upon launch.
To Join:
1. Head over to the ZeroLend airdrop https://airdrop.zerolend.xyz/#/?invite=ExEijy8ybsjE 2. Click on “Enter Zero Gravity” to begin 3. Connect your zkSync wallet for seamless participation. 4. Complete the designated tasks to earn points effortlessly. 5. Enjoy a 20% bonus by signing up using the provided link. 6. Additionally, invite your friends to join and receive 20% of the points earned by each referral. 7. Participants will receive ZERO tokens based on their accumulated points at the time of launch.