Starknet's new $STRK token faces backlash after a massive airdrop. Is it justified?

This week's launch of Starknet's $STRK token has been anything but smooth sailing. The Ethereum layer 2 network kicked things off with a huge community airdrop, distributing over $2 billion worth of $STRK tokens. But the move hasn't been met with the celebration you might expect. Instead, the STRK token is now one of the most hotly debated launches in recent memory.

So, what's got the crypto community so riled up? It seems a mix of factors are at play. Some criticize the airdrop's distribution method, while others take issue with the token's underlying structure. The debate has become so heated that it raises an important question: is the controversy surrounding the Starknet #STRK token launch warranted, or is this just another bout of crypto drama?

Let's break things down further – stay tuned for updates on this developing story.

Let me know if you'd like me to expand on this further or explore specific angles within the controversy!
#strkairdrop #STRK

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Binance Web3 Wallet Upgrades: What's New with Inscriptions and ERC-404 Support?

Breaking: Binance Web3 Wallet Just Got a Major Upgrade

Are you ready to take your Web3 experience to the next level? Binance Web3 Wallet has just rolled out some seriously exciting new features that are sure to shake things up.

First up, get ready to dive into the world of "Inscriptions" with their brand-new marketplace. Not sure what Inscriptions are? Think of them like digital collectibles on the Bitcoin blockchain – and now you can buy, sell, and trade them directly within your Binance Web3 Wallet.

But that's not all! Binance has also added support for the ERC-404 token standard. This might sound a little techy, but it essentially means you can now hold a wider range of unique digital assets within your wallet.

Why does this matter? These upgrades are a big deal for anyone serious about Web3. They give you more ways to interact with the world of digital ownership and open up a whole range of possibilities.

Ready to try it out? Head over to Binance and update your Web3 Wallet to start exploring these awesome new features!

#ERC404

Questions swirl around Smart Layer's $SLN token airdrop. Get the inside scoop on the unfolding controversy.

Smart Layer's recent airdrop of its $SLN token has ignited a firestorm of controversy. Users are raising concerns about the distribution process, with allegations of unfair practices and a lack of transparency.

Some are questioning the legitimacy of the airdrop itself, suggesting that it might be a way to artificially inflate the token's value. Others are frustrated by what they see as a failure to communicate clearly about eligibility requirements and distribution timelines.

Smart Layer has yet to issue a comprehensive statement addressing the accusations. The lack of response is further fueling speculation and causing some users to lose trust in the project.

As the situation continues to develop, it raises important questions about the fairness and ethics of cryptocurrency airdrops. Should there be more oversight in how these events are conducted? What responsibility do projects have to be transparent about their distribution methods?

#airdrop #SLN

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Revolut to Terminate Cryptocurrency Services for US Customers Amid Regulatory Environment - Revolut, a well-known fintech business known for its wide range of financial services, recently made a significant announcement. For its US customers, it has chosen to stop offering any cryptocurrency-related services. The “evolving regulatory environment” pertaining to cryptocurrencies in the United States is cited as the main justification for this action.

Amidst the apprehension, there is now a glimmer of hope as the hacker has decided to return approximately $8.9 million worth of cryptocurrency to Alchemix. This unexpected move has brought optimism for the potential recovery of more stolen funds.

The Bank of Canada recently unveiled a comprehensive Crypto Asset Ownership report, presenting the latest data from the year 2022. This significant publication sheds light on the ownership and usage of cryptocurrencies in the country, providing valuable insights into the evolving crypto landscape.

The decentralized cryptocurrency exchange Trader Joe has taken a significant step in revolutionizing the Ethereum ecosystem by launching its automated market maker (AMM) called the "Liquidity Pool." This cutting-edge technology allows users to trade cryptocurrencies using stablecoins on the Ethereum blockchain.

#ETH

Amazon Partners with Mojo Melee to Offer Exclusive NFT Giveaways for Prime Subscribers - This partnership brings exciting opportunities for Amazon Prime subscribers, who will have the chance to receive exclusive NFT giveaways.

Nifty's, the Web3 Creator Platform, Shuts Down Amidst Financial Challenges - Nifty's, a company that once collaborated with the biggest entertainment names, has made the heartbreaking decision to shut down its operations. The social network turned Web3 creators platform announced the unfortunate news on August 3, citing limited resources in a challenging market as the primary reason for its closure.

#nfts

Crossover and Cboe Digital Forge Revolutionary Collaboration in the Crypto Market

- Crossover, the leading financial technology company, has joined forces with Cboe Digital, a prominent cryptocurrency exchange operator, to pave the way for innovation in the digital asset market. The collaboration aims to revolutionize trade execution and provide operational efficiencies while fostering healthy competition.

HashKey and OSL Receive License to Provide Retail Crypto Services in Hong Kong

The Securities and Futures Commission (SFC) of Hong Kong has recently granted two prominent crypto players, HashKey and OSL, the license to offer retail crypto services. This marks a significant milestone for the crypto industry in Hong Kong as it moves towards becoming a crypto hub in the region. HashKey, in particular, becomes the first crypto exchange to serve retail users in Hong Kong, elevating its status in the market.

BlackBerry’s Cybersecurity Division Identifies Notorious Malware Targeting Cryptocurrencies

- In its latest cybersecurity report, BlackBerry’s cybersecurity division has exposed the lurking danger of malware families that pose a significant threat to cryptocurrencies. These nefarious digital intruders, such as SmokeLoader, RaccoonStealer, and Vidar, have been designed with a malicious intent to hijack computers and mine or steal valuable cryptocurrencies.

Beeple Buys First PFP NFT from Crypto Punk Collection

Beeple, a well-known digital artist who once sold the most expensive NFT ever, recently made news when he bought an NFT from the Crypto Punk collection. He tweeted his gratitude for the positive response to his most recent work as well as his excitement over his very first PFP (Profile Picture) acquisition.

#nfts

Australian Financial Takes Legal Action Against eToro Over High-Risk CFD Product

The Australian financial regulator, ASIC (Australian Securities and Investments Commission), has taken legal action against the popular crypto investment platform, eToro. The lawsuit revolves around eToro’s contract for difference (CFD) product, a leveraged derivative that enables buyers to speculate on the price movements of various underlying assets, including cryptocurrencies, commodities, stock market indices, and FX rates. According to ASIC, this particular CFD product poses significant risks to retail clients, leading to financial harm.

The United States Bankruptcy Court has approved the BlockFi bankruptcy plan.

The United States Bankruptcy Court for the District of New Jersey gave its approval for the Disclosure Statement of BlockFi Inc. on August 2, 2023. The statement outlined the company's plan to maximize recoveries for its creditors during the bankruptcy process. Mark Renzi, the Chief Restructuring Officer of BlockFi from Berkeley Research Group, expressed confidence in their approach, stating, "We are confident that our Plan provides the best path to expeditiously return crypto back to our clients, and we strongly urge BlockFi’s clients to vote to accept it."