“The NESGswap(Dex) INITIATIVE, NESG — GCR and Al Arab are forging the Golden Future of Digital Assetsbeing , the only decentralized exchange (DEX) authorized under the Global Currency Reset (GCR) framework”

NESGCOIN ($NESG), the flagship token of the NESGswap ecosystem, has been listed on MelegaSwap, an automated market maker (AMM) DEX. This listing will expose NESGCOIN to a wider global trading audience, enabling users to trade or swap NESG while providing liquidity for BNB-NESG LP tokens and generating passive income.
About NESGSwap
The financial ecosystem stands on the threshold of a historic transformation with the arrival of NESGswap, the only decentralized exchange (DEX) authorized under the Global Currency Reset (GCR) framework. This shift, driven by governments such as the G-20 and overseen by the United States under NESARA-GESARA trade agreements, redefines the concept of physical money and its exchange globally.
NESGswap not only operates as a cutting-edge DEX but also offers its native currency, NESG, the only one authorized for trading government-backed currencies. This official backing positions NESGswap as a key player in the integration of digital assets and the global financial structure, opening a new door for the democratization of crypto asset trading.
One of the most innovative aspects of NESGswap is its strategic collaboration with AlArab, the first official Arab currency, supported by resources from the Middle East and under the leadership of President Mohamed Bin Zayed Al Nahyan. This partnership not only supports NESGswap’s financial strength but also enhances its ability to promote fair and equitable governance on the global stage.
NESGswap contributes to creating an inclusive and democratic financial environment by offering a robust platform for secure trading of government-backed digital assets. The initiative aligns with global economic reform efforts, such as NESARA-GESARA, which aim to balance global economies and ensure financial equity.
About NESG (GCR — AlArab): The Tokens of Change for the Future
The NESG token stands as the only authorized asset for global trading of currencies like GCR and AlArab. With advanced technologies such as masternodes and data protection through encryption, NESGswap ensures a fast, secure, and accessible platform for its users. This technological innovation also supports the growth of Abu Dhabi’s Metaverse, the world’s first 100% digital city, where AlArab will be the only currency accepted for acquiring virtual territories.
The future of global trade and financial governance is clear: NESGswap is leading the way toward a decentralized, inclusive, and secure system that will benefit all nations, transforming how we interact with money and digital assets. With its NESG token and the integration of government-backed currencies, NESGswap is laying the foundations for a new financial era.
Driving the Transition to a Decentralized Economy
Before the anticipated Global Currency Reset, NESGswap will enable the trading of over 200 crypto assets backed by recognized networks like BTC, ETH, BNB, and Solana. This diverse approach and its secure network ensure a smooth trading experience for users seeking access to GCR and AlArab-backed currencies. Additionally, NESG, along with other assets, is expected to soon be available on major centralized exchanges (CEX) such as Binance, Coinbase Pro, Huobi, Kraken, Bithumb, Bitfinex, and Gate.io.
The Global Currency Reset (GCR) (NESARA — GESARA) is a revolutionary initiative aimed at unifying all nations under a single digital currency, promoting economic and social equality worldwide. The system is based on masternode technology, ensuring speed, security, and accessibility in all transactions 
Key Points Summary:
- Speed and Security: Fast and secure transaction processing through advanced technology enabling high-performance data management.
- Gold-backed Cryptocurrencies: Each transaction and contract is secured by physical assets, enhancing trust and value in the global cryptocurrency market.
- Plan for Social Equality and Freedom: Seeks equitable distribution of resources and financial power, offering all nations the opportunity to use a single currency.
- Identity Protection: Users will have their identity protected through encryption systems, ensuring privacy and confidentiality of their data.
This model not only promises to revolutionize the global financial system but also positions users as integral to the future, providing balanced and fair value for all.
https://gcr.social/
Follow and Learn More About NESGswap
- Website: [nesgswap.com](https://nesgswap.com/)
- X (Twitter): [@NESGswap](https://x.com/NESGswap)
- Telegram: [NESGswap](https://t.me/NESGswap)
- Instagram: [nesgswap](https://www.instagram.com/nesgswap/)
- Reddit: [NESGswap](https://www.reddit.com/r/NESGswap/)
BSC Contract Address:
`0xfccf5becfcc0978a3a766476bb58d5f13565d999`
TRADE $NESG ON
https://app.uniswap.org
https://pancakeswap.finance
https://www.melega.finance
https://vindax.com
ABOUT Al Arab
Al Arab: Innovation in the Digital and Financial Future of the Metaverse
At a crucial moment of technological and economic evolution, the metaverse emerges as a reality that redefines traditional paradigms of trade, finance, and digital property. Under the vision and leadership of His Highness Sheikh Mohamed bin Zayed Al Nahyan, the Al Arab project has been launched, an unprecedented digital revolution that promises to transform interactions among individuals, businesses, and institutions within a fully virtual environment.
Al Arab is not just a cryptocurrency but the cornerstone of a decentralized financial ecosystem (DeFi) that ensures secure, fast, and efficient transactions. With an investment exceeding 200 billion dollars, this project positions Abu Dhabi as the world’s first 100% digital city, a model of innovation that has already attracted global brands such as McDonald’s, KFC, Coca-Cola, Pepsi, and fashion giants like Versace, Gucci, Dolce & Gabbana, Balmain, Louis Vuitton, and Prada. 
DeFi: The Future of Trade and Investment
The DeFi system behind Al Arab not only guarantees financial decentralization, eliminating the need for banking intermediaries, but also opens a new horizon of opportunities for investors and companies looking to participate in this revolutionary market. The incorporation of masternodes and NFTs on the platform ensures that each transaction and asset is supported by the most advanced blockchain technology, making traditional financial systems obsolete.
One Currency, One Digital Future
Al Arab is established as the only currency accepted for acquiring virtual territories in this metaverse, offering investors an exclusive opportunity to participate in creating a new model of digital economy. Renowned brands have not only joined this visionary project but are also developing new ways to interact with their consumers through immersive experiences and innovative digital collections, such as Balenciaga’s proposal based on celebrity and model avatars.
Abu Dhabi: The Epicenter of the Future
Under the direction of His Highness Sheikh Mohamed bin Zayed, Abu Dhabi will not only symbolize modernity but also become the epicenter of a new global digital economy. The Abu Dhabi metaverse is not just a vision of the future but a tangible reality that redefines the role of cities in the modern world, integrating the best of technology, trade, and finance into a fully digital environment.
In conclusion, Al Arab is not just a cryptocurrency but a manifestation of the future of finance, trade, and cities. The Abu Dhabi metaverse, led by Sheikh Mohamed bin Zayed’s vision, is set to mark a turning point in human history, making this project a milestone in the evolution of our societies towards a truly digital world.
Follow and Learn More About AI Arab 
https://alarab.io/
https://t.me/Alarab_global
https://consumergeniuses.com/?s=Al+Arab
https://www.ksnt.com/business/press-releases/ein-presswire/621570707/the-future-is-the-metaverse/
 #MelegaSwap #melega #alarab #NESGSwap #NESG

Bitcoin (BTC) neared $60,000 after the Wall Street opening on September 13, coinciding with gold hitting a new all-time high. By the weekend, BTC surpassed $60,000, pushing the total cryptocurrency market cap above $2.1 trillion after weeks below that level. 
While some worry about the bearish market, major players like MicroStrategy see it as a buying opportunity. The publicly traded software company announced it acquired about 18,300 Bitcoin between August 6 and September 12, costing $1.11 billion at an average price of $60,408 per Bitcoin. Under CEO Michael Saylor, the company has steadily increased its Bitcoin holdings since its first purchase in August 2020.
In other news, Congressman John Rose introduced a bill on September 12 to create a joint advisory committee on digital assets between the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), aiming for better collaboration.
We’ve compiled six key crypto stories from the past week to keep you updated. Check them out below! 
For transparent and decentralized crypto trading and to list your crypto token for free, visit our website and follow Melega Finance (@meleganews) on X for more on all things cryptocurrency.
TOP CRYPTO NEWS RECAP (September 8-14, 2024)
●      Jailed FTX CEO Sam Bankman-Fried Appeals Felony Conviction
●      Crypto Influences Voter Decisions in US Presidential Election
●      SEC's Regulatory Overreach Costs Retail Investors $15 Billion
●      Trump to Launch World Liberty Financial Crypto Platform on Sept. 16
●      North Korean Hackers Target Bitcoin ETFs Amid Security Concerns
●      UK Government Proposes Legislation to Define Crypto as Property
Jailed FTX CEO Sam Bankman-Fried Appeals Felony Conviction
Sam Bankman-Fried, the former CEO of FTX, has filed an appeal against his conviction on seven felony counts and a 25-year prison sentence. In a 102-page brief submitted to the U.S. Court of Appeals for the Second Circuit, his lawyers argue that he was not presumed innocent and that the jury only received partial information about FTX's financial status. They claim prosecutors created a false narrative of insolvency, asserting that FTX had sufficient assets to repay customers. The legal team seeks a new trial with a different judge.
Crypto Influences Voter Decisions in US Presidential Election
A recent survey by Gemini reveals that 73% of US cryptocurrency owners will consider candidates' positions on crypto regulation when voting in the upcoming presidential election. The report indicates that this marks the first time crypto has become a significant campaign issue in US history. Additionally, 37% of respondents believe a candidate's stance on crypto will significantly impact their vote. Despite rising regulatory concerns—cited by 38% of participants as a barrier to crypto investment—crypto ownership has slightly increased, reflecting a growing interest in the sector.
SEC's Regulatory Overreach Costs Retail Investors $15 Billion
Pro-crypto attorney John Deaton claims the SEC's excessive intervention in the cryptocurrency sector has led to over $15 billion in losses for retail investors. Deaton, a Republican Senate candidate, criticized the SEC's "gross overreach" and expressed intentions to hold the agency accountable, especially since Senator Elizabeth Warren has not. This statement follows a significant shift in the SEC's stance, as it now acknowledges that cryptocurrencies are not securities. The SEC has also ramped up enforcement, imposing nearly $4.7 billion in actions against crypto firms in 2024, a 3,000% increase from the previous year.
Trump to Launch World Liberty Financial Crypto Platform on Sept. 16
Donald Trump announced the launch of his crypto project, World Liberty Financial, set for September 16. In a video on X, he emphasized the platform's aim to modernize finance, positioning it as a decentralized finance (DeFi) service for borrowing and lending. His sons, Donald Jr. and Eric Trump, will manage the project and aim to utilize US dollar-pegged stablecoins. However, sentiment is mixed, with some critics questioning the timing amid Trump's presidential campaign and concerns over scams targeting the venture.
North Korean Hackers Target Bitcoin ETFs Amid Security Concerns
North Korean hackers, particularly the notorious Lazarus Group, are reportedly shifting their focus to U.S.-based Bitcoin exchange-traded funds (ETFs), which hold a staggering $52 billion in assets. Michael Pearl from Cyvers warns that these funds could be vulnerable to infiltration, with potential risks extending to related companies. The FBI has recently issued warnings about impending attacks. The threat of a significant hack could prompt stricter regulatory measures in the U.S. and beyond, highlighting the urgent need for enhanced cybersecurity in the crypto industry.
UK Government Proposes Legislation to Define Crypto as Property
The UK government has introduced a Property Bill to clarify the legal status of cryptocurrencies, non-fungible tokens (NFTs), and carbon credits, potentially classifying them as "personal property." Announced on September 11, the legislation aims to protect owners from fraud and assist judges in complex cases involving digital assets. Labour MP Heidi Alexander emphasized the need for law to evolve with technology, ensuring the UK remains a leader in cryptoassets. This move follows a 2023 report by the Ministry of Justice highlighting the legal ambiguities surrounding digital assets.
NEWS FROM THE MELEGASWAP ECOSYSTEM
The Hanuman Coin (HANC) Farm & Pool Listed on MelegaSwap
The Hanuman Coin (HANC): where myth meets modernity in a visionary digital ecosystem. Empowering innovation through a decentralized approach, HANC pioneers the MythoModern City, merging ancient wisdom with cutting-edge technology for a brighter future.
MelegaSwap Announces New Strategic Partnership with Farmer Coin (FARM)
MelegaSwap announces a new strategic partnership with Farmer Coin (FARM) for their upcoming presale on dxSale from September 15 to September 20, 2024. This collaboration represents a union of excellence, combining the Melega ecosystem's unwavering commitment to innovation with Farmer Coin's groundbreaking potential. Join now here.
NESGCOIN (NESG) Farm & Pool Listed on MelegaSwap
NESGSwap is part of the Global Decentralized Exchange (DEX) Initiative and features its NESG currency. The platform specializes in the exchange of G-20 GCR-backed government currencies, including the first official Arab currency, AlArab, as well as over 200 corporate crypto-assets such as BTC, ETH, and BNB.
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Risk warning: Cryptocurrency investment or trading is subject to high market risk. Hence, you might lose your money in the process. Please do adequate research and plan your investments cautiously. We at MelegaSwap will always make the best efforts to list high-quality and potential coins, but we will not be responsible for your losses.

#MelegaSwap #melega #melegamarco #SBFFTX #TrumpCryptoSupport

MelegaSwap announces a new strategic partnership with Farmer Coin (FARM) for their upcoming presale on dxSale from September 15 to September 20, 2024. This collaboration represents a union of excellence, combining the Melega ecosystem's unwavering commitment to innovation with Farmer Coin's groundbreaking potential. 
Since Farmer Coin was listed on the Binance Smart Chain reaching a +150% performance on the listing day, the Melega ecosystem has always provided the best marketing and support and will ensure it even now that Farmer Coin has started its listing journey on multiple chains in order to reach a wider audience and achieve their goals of simplifying crypto adoption in the agricultural world.
MelegaSwap will serve as a solid foundation for the project as the token will be listed on the automated market maker (AMM) decentralized exchange, enabling users to easily trade, farm, and generate passive income through liquidity provision.
But that's not all. First of all the partnership extends to Melega Space, an integral part of the Melega Finance ecosystem. This offers comprehensive services such as fundraising, project outreach, legal support, security audits, reputable exchange listings, community building, and cutting-edge digital marketing strategies. Secondly, MelegaSwap and FarmerCoin have entered into a strategic partnership with DxSale, a market-leading launchpad that has recently undergone a major restyling and feature update, which today represents, even more than yesterday, the ideal and intuitive platform for hosting ICOs on many chains.
 
Participate in Farmer Coin’s presale on BASE CHAINnow:
https://www.dx.app/dxsale/view?address=0x826c0f812d94a3CCa9886a7E942894ADC72b91B5&chain=8453
 
The Farmer Coin Ecosystem: Simplifying Crypto Adoption in the Agricultural World
The Farmer Coin token is a long-term project aiming to develop a user-friendly decentralized and centralized applications that open the doors to the world of digital currencies for individuals and companies in the agricultural sectors. It makes crypto adoption a breeze for farmers with a focus on transparency, community influence, and captivating content. 
Farmer Coin is on a mission to redefine the crypto landscape and empower farmers to navigate the crypto market with confidence.
The team behind Farmer Coin understands the importance of introducing digital currencies early on, and they've made it their priority to make crypto adoption a seamless experience. The dApps and Apps they're building have been thoughtfully designed to ensure that users, even those with no prior knowledge of cryptocurrencies, can grasp their workings effortlessly.
In addition to their decentralized application, Farmer Coin Team aims to create an interactive blog that invites the agricultural sector on a journey through the realms of the future, crypto, and technology. The blog is designed to present complex concepts in a manner that is easily understood by individuals from all walks of life.
By simplifying jargon and conveying information in a language that resonates with everyone, Farmer Coin's blog bridges the gap between tech enthusiasts and newcomers. The blog will become an invaluable resource, empowering knowledge seekers and nurturing a deeper understanding of the crypto ecosystem.
Moreover, Farmer Coin Team strongly believes in giving power back to the community. They seek to challenge the bureaucratic and opaque nature of traditional finance by creating an environment where decisions are made collectively and with the utmost transparency. This commitment to democratic processes means that every individual has a voice and can actively contribute to shaping the future of finance.
Farmer Coin isn't just another cryptocurrency project; it's a movement towards a more inclusive, transparent, and decentralized future. With its pioneering approach to trend-setting, interactive blog, and community-driven decision-making, $FARM is set to redefine the way the agricultural world interacts with cryptocurrencies and pave the way for a new era of interaction between the real economy and digital finance.
 
Join the $FARM revolution now by contributing in Farmer Coin’s presale on BASE CHAIN:
https://www.dx.app/dxsale/view?address=0x826c0f812d94a3CCa9886a7E942894ADC72b91B5&chain=8453
 
Follow and learn more about Farmer Coin
Website: https://www.farmercoin.space
Telegram: https://t.me/farmercoinglobal
Twitter: https://twitter.com/farmercoinbsc
 
•••
Risk warning: Cryptocurrency investment or trading is subject to high market risk. Hence, you might lose your money in the process. Please do adequate research and plan your investments cautiously. 
 
#FarmerCoin #MelegaSwap #melegamarco #melega #DxSale

The cryptocurrency market continues to experience significant volatility, with Bitcoin dipping below $53,000 and struggling to regain that level. Market sentiment has fallen to a one-month low as analysts caution about a potential price correction that could see Bitcoin drop below $50,000.
In other news, Telegram founder Pavel Durov has spoken out for the first time since his high-profile arrest in France last month. He expressed surprise at the arrest, noting that Telegram has an official EU representative to handle regulatory requests and law enforcement inquiries.
Meanwhile, El Salvador is celebrating the third anniversary of its decision to adopt Bitcoin as legal tender.
To keep you in the loop, we've gathered six of the most important crypto stories from the past week. Check 'em out below!
For transparent and decentralized crypto trading and to list your crypto token for free, visit our website and follow Melega Finance (@meleganews) on X for more on all things cryptocurrency.
TOP CRYPTO NEWS RECAP (September 1-7, 2024)
●      Ripple Co-Founder Endorses Kamala Harris for President
●      CFTC Charges Uniswap for Illegal Derivatives Trading
●      CZ Banned from Managing Binance as Part of Plea Deal
●      Polygon’s MATIC Upgraded to POL, Boosting Token Utility
●      MEV Bot Takes $12M Loan, Earns Only $20
●      Telegram Disables People Nearby” Feature Amid Safety Concerns
Ripple Co-Founder Endorses Kamala Harris for President
Ripple co-founder and executive chairman Chris Larsen has endorsed Vice President Kamala Harris for the 2024 presidential election. Larsen signed a letter alongside 88 U.S. corporate leaders supporting Harris, including prominent figures like Box CEO Aaron Levie and Yelp CEO Jeremy Stoppelman. This endorsement follows the earlier move by former Ripple board member Gene Sperling, who left the White House in August to join Harris' campaign. The impact of the 2024 election on the crypto industry remains a subject of keen interest.
CFTC Charges Uniswap for Illegal Derivatives Trading
The U.S. Commodity Futures Trading Commission (CFTC) has charged Uniswap Labs for offering illegal leveraged cryptocurrency trading to retail investors. Uniswap settled by paying a $175,000 fine and agreed to stop violating the Commodity Exchange Act. Two CFTC commissioners dissented despite the settlement, criticizing the enforcement as overreach. Commissioner Summer Mersinger called for clearer guidance for DeFi compliance, while Commissioner Caroline Pham questioned the evidence used in the case. Uniswap is one of the largest decentralized exchanges, managing $4.3 billion in assets.
CZ Banned from Managing Binance as Part of Plea Deal
Changpeng “CZ” Zhao, former CEO of Binance, has been permanently banned from managing the crypto exchange as part of a plea deal with U.S. authorities. The deal, part of a $4.3 billion settlement announced in November 2023, also required Zhao to step down as CEO and pay $50 million in fines. He pleaded guilty to one felony charge related to violations of the Bank Secrecy Act. Zhao’s replacement, Richard Teng, confirmed the lifetime ban, which exceeded the previously rumored three-year restriction.
Polygon’s MATIC Upgraded to POL, Boosting Token Utility
Polygon has upgraded its native cryptocurrency, MATIC, to a new token called Polygon Ecosystem Token (POL) on a 1:1 basis. This change, effective from September 4, positions POL as the network’s gas and staking token. Polygon Labs CEO, Marc Boiron emphasized that POL is now a "hyperproductive" token, generating fees from multiple sources beyond staking and gas, thus enhancing community participation in network growth. This upgrade is a key part of the broader Polygon 2.0 vision, aimed at providing "infinite scalability" across blockchains.
MEV Bot Takes $12M Loan, Earns Only $20
An "unlucky" MEV (Maximum Extractable Value) bot took out a $12 million flash loan in Wrapped Ether (WETH) to execute a sandwich attack on a user trading $5,000 worth of Shuffle tokens. Despite undertaking 14 transactions across decentralized platforms Aave and Uniswap, the bot barely made a $20 profit after gas fees. The attack, completed in about 12 seconds, highlights the risks of sandwich attacks, where bots manipulate transaction prices. In this case, the bot's effort fell below expectations.
Telegram Disables People Nearby” Feature Amid Safety Concerns
Telegram founder Pavel Durov announced on Sept. 6 that the platform is disabling its "People Nearby" feature, citing security concerns after reports of its misuse by malicious actors. This change is part of a broader effort to improve Telegram's content moderation and safety. While Durov emphasized that only a small fraction of users exploited these features, he acknowledged the disproportionate risk posed to the wider community. The personal geolocation tool will be replaced by a “businesses nearby” option to enhance user privacy and security.
NEWS FROM THE MELEGASWAP ECOSYSTEM
BabyMarco (BabyMarco) Farm & Pool Listed on MelegaSwap
The Baby Token of the MelegaSwap ecosystem that rewards holders with $MARCO and much more.
$SCOOP Presale is live on MelegaSwap 
Fatman Scoop (SCOOP) on BNB CHAIN is a meme token that is a tribute to a Hip-Hop icon who, with his characteristic hype, makes and will make the world dance for generations.
WAXCHAIN (WAX) Farm & Pool Listed on MelegaSwap
WAXCHAIN is not just about a token but about building a comprehensive ecosystem that supports secure, efficient, profitable, humanitarian support and entertaining digital communications.
MelegaSwap Secured a Top Tier Marketing Partnership with the $FARM Project
A MULTICHAIN project designed to bring the value and importance of agricultural work to blockchain to support the sector and its operators with the new opportunities digital asset technology offers.
TONGUE (TONGUE) Farm & Pool Listed on MelegaSwap
Unprecedented viral power. Apply $TONGUE to any photo of personalities or coins and prepare to rule in the meme coin season.
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Risk warning: Cryptocurrency investment or trading is subject to high market risk. Hence, you might lose your money in the process. Please do adequate research and plan your investments cautiously. We at MelegaSwap will always make the best efforts to list high-quality and potential coins, but we will not be responsible for your losses.

#MelegaSwap #melega #melegamarco #czprison #UniswapFoundation

The cryptocurrency market remains volatile, with Bitcoin struggling to break above the $62,000 level. Meanwhile, high-profile figures in the industry have faced legal troubles and scams have continued to plague the space.  
Telegram founder Pavel Durov was recently released from custody in France after being charged with criminal offenses related to his role at the messaging app. In Brazil, social media platform X was ordered to be suspended after Elon Musk refused to appoint a legal representative. 
In a separate incident, Kylian Mbappé’s Twitter account was hacked, leading to a fraudulent cryptocurrency token scam that cost investors millions of dollars. 
So, to keep you informed, we've compile a list of six key crypto stories from the past week to keep you informed. Read more below. 
For transparent and decentralized crypto trading and to list your crypto token for free, visit our website and follow Melega Finance (@meleganews) on X for more on all things cryptocurrency.
TOP CRYPTO NEWS RECAP (August 25-31, 2024)
●      Former FTX Executive Ryan Salame Ordered to Appear in Court Despite Withdrawing Guilty Plea Request
●      Solo Bitcoin Miner Earns Nearly $200,000 After Processing Rare Block
●      Elon Musk and Tesla Secure Dismissal of $258 Billion Dogecoin Manipulation Lawsuit
●      Nigeria Grants Quidax First Provisional License, Boosting Crypto Innovation
●      Trump's 'America First' NFT Collection Rakes in $2.2 Million Amid Controversy
●      OpenSea Receives SEC Wells Notice, Vows to Fight Potential Enforcement Action
Former FTX Executive Ryan Salame Ordered to Appear in Court Despite Withdrawing Guilty Plea Request
 
Former FTX Digital Markets co-CEO Ryan Salame must appear in court on September 12, per Judge Lewis Kaplan's order, despite withdrawing his request to vacate a guilty plea. Salame had sought to retract his plea after prosecutors charged his partner, Michelle Bond, with campaign finance violations. Although Salame withdrew his petition, the judge insisted on his appearance as part of bail conditions. Salame's prison sentence was delayed to October 13 due to medical complications. Prosecutors have yet to respond to his withdrawal request.
Solo Bitcoin Miner Earns Nearly $200,000 After Processing Rare Block
A solo Bitcoin miner from the Solo CK Pool has struck gold, successfully processing block number 858,978 and earning nearly $200,000. The miner, operating with just 0.012% of the average network hashrate, managed to validate a block containing 2,391 transactions, receiving 3.27 BTC worth $199,094. This rare event highlights the challenges solo miners face, as only around 290 solo blocks have been processed out of 859,000 since Bitcoin's inception. The Solo CK Pool combines small miners' hashrates but rewards only the block solver.
Elon Musk and Tesla Secure Dismissal of $258 Billion Dogecoin Manipulation Lawsuit
Elon Musk and Tesla successfully had a $258 billion lawsuit dismissed, which accused them of manipulating Dogecoin's price. On August 29, Judge Alvin Hellerstein of the U.S. District Court for the Southern District of New York ruled that Musk's statements about Dogecoin, including claims of becoming its CEO and plans to send a Dogecoin to the moon, were "aspirational and puffery," not factual, and no reasonable investor could rely on them. The lawsuit, filed by Dogecoin investors, was deemed a "fanciful work of fiction.
Nigeria Grants Quidax First Provisional License, Boosting Crypto Innovation
The Nigerian Securities and Exchange Commission (SEC) has granted Quidax, an Africa-based crypto exchange, its first provisional operating license. This marks a significant step toward formal recognition and regulation of Nigeria's digital asset industry. The license allows Quidax to operate as a registered crypto exchange, encouraging further innovation within the Nigerian crypto community. Quidax's CEO, Buchi Okoro, praised the SEC's leadership for enhancing confidence and investor protection in the industry. This regulatory milestone may pave the way for increased local and international crypto investments.
Trump's 'America First' NFT Collection Rakes in $2.2 Million Amid Controversy
Donald Trump's latest non-fungible token (NFT) collection, "America First," generated over $2.2 million just days after its August 27 release. The collection, which offers a chance to dine with the former U.S. president, saw 22,360 mints and 1,210 holders, each mint priced at $99. Despite the financial success, the collection has faced criticism from community members who view it as a "grift." The timing of the release has also sparked speculation about its connection to the SEC's recent Wells notice to the NFT marketplace OpenSea.
OpenSea Receives SEC Wells Notice, Vows to Fight Potential Enforcement Action
OpenSea CEO Devin Finzer announced that the platform received a Wells notice from the U.S. Securities and Exchange Commission (SEC), indicating a potential enforcement action. The SEC alleges that NFTs traded on OpenSea might qualify as unregistered securities. Finzer vowed to "stand up and fight," warning that targeting NFTs could stifle innovation for countless online artists. OpenSea has pledged $5 million to support NFT creators facing legal challenges. This move marks the SEC's increasing scrutiny of the NFT and broader crypto industry.
•••
Risk warning: Cryptocurrency investment or trading is subject to high market risk. Hence, you might lose your money in the process. Please do adequate research and plan your investments cautiously. We at MelegaSwap will always make the best efforts to list high-quality and potential coins, but we will not be responsible for your losses.

#MelegaSwap #melega #melegamarco #TelegramCEO #Bitcoin❗

This week brought notable updates in the crypto and political arenas. Bitcoin surged by 7.89% over the past seven days, lifting many altcoins with it.
Former Binance CEO Changpeng “CZ” Zhao is now listed as an inmate at the Long Beach field office, with 38 days left until his expected release. He has been moved to an administrative facility in Greater Los Angeles
As that happened, Binance and Zhao are facing a class-action lawsuit from three investors who claim the exchange failed to prevent money laundering, resulting in the theft of their crypto assets.
In political news, Robert F. Kennedy Jr. withdrew from the 2024 presidential race on August 22. Meanwhile, Donald Trump, the Republican nominee, hinted he might appoint Elon Musk to a Cabinet position if he wins against Vice President Kamala Harris.
Here are six key crypto stories from the past week to keep you informed.
For transparent and decentralized crypto trading and to list your crypto token for free, visit our website and follow Melega Finance (@meleganews) on X for more on all things cryptocurrency.
TOP CRYPTO NEWS RECAP (August 18-24, 2024)
●      Grayscale Launches AVAX Investment Fund
●      Pavel Durov, Telegram CEO, Reportedly Arrested in France
●      Sun Pump Overtakes Pump.fun in Memecoin Revenue
●      Kamala Harris Signals Potential Support for Crypto Policies
●      Tether Partners with UAE Firms to Launch Dirham-Backed Stablecoin
●      El Salvador Launches Bitcoin Certification for 80,000 Civil Servants
Grayscale Launches AVAX Investment Fund
Grayscale Investments has introduced a new fund, the Grayscale Avalanche Trust, allowing investors to gain exposure to Avalanche’s native token, AVAX. Launched on August 22, this fund highlights Avalanche's focus on real-world asset tokenization, turning physical assets like real estate into digital tokens.
This move adds to Grayscale’s suite of over 20 crypto investment products. Grayscale is the largest crypto fund manager, managing $25 billion in assets, and its product lineup includes Bitcoin and Ethereum-focused funds.
Pavel Durov, Telegram CEO, Reportedly Arrested in France
Pavel Durov, Telegram's CEO, was arrested at Le Bourget airport after arriving from Azerbaijan. A French search warrant accused him of complicity in drug trafficking, fraud, and other severe crimes due to Telegram's lack of moderation and cooperation with law enforcement. 
Durov is expected to face multiple charges, including terrorism and money laundering, and is likely to be placed in pretrial detention. Investigators aim to deter criminal activity on Telegram, which has been linked to organized crime and illegal content.
Sun Pump Overtakes Pump.fun in Memecoin Revenue
Sun Pump, a new memecoin deployer on the Tron network, has outperformed its Solana-based rival, Pump.fun, in daily revenue and activity. According to data from blockchain researcher Adam, Sun Pump generated $585,000 in revenue and launched 7,351 new tokens on Aug. 21, surpassing Pump.fun’s $366,000 and 6,701 tokens. 
This surge comes just 12 days after Sun Pump's launch on Aug. 9. Notable memecoins like SunWukong and SunDog have rallied to impressive valuations, boosting the Tron network's revenue to record highs.
Kamala Harris Signals Potential Support for Crypto Policies
An aide to Kamala Harris indicated that the Democratic presidential candidate would back policies to foster growth in the crypto industry if she wins the 2024 election. Senior campaign adviser Brian Nelson mentioned Harris’s support for clear "rules of the road" to aid emerging technologies, referencing the collapse of firms like FTX. 
Harris’s campaign has been relatively quiet on digital assets, but her stance contrasts with Republican nominee Donald Trump, who has actively supported Bitcoin and opposed central bank digital currencies.
Tether Partners with UAE Firms to Launch Dirham-Backed Stablecoin
Tether, the leading stablecoin provider, is set to launch a new stablecoin pegged to the United Arab Emirates dirham (AED). Liquid UAE-based reserves will fully support this stablecoin in partnership with UAE-based Phoenix Group and Green Acorn Investments.
The goal is to enhance international trade and remittances by providing a cost-effective, stable digital representation of the AED. Tether’s CEO, Paolo Ardoino, emphasized that the new coin will benefit businesses and individuals, reducing transaction costs and offering a hedge against currency fluctuations.
El Salvador Launches Bitcoin Certification for 80,000 Civil Servants
El Salvador's National Bitcoin Office (ONBTC) has introduced a Bitcoin certification program to train 80,000 government employees. The 160-hour virtual course, "Certification in Public Administration 1," covers strategic management, public policy, and using Bitcoin as legal tender. 
ONBTC’s director, Stacy Herbert, believes this training will bolster El Salvador's Bitcoin-driven economy and expects long-term benefits. The initiative, led by the Higher School of Innovation in Public Administration, reflects the country's commitment to enhancing its workforce’s expertise in Bitcoin and related technologies.
NEWS FROM THE MELEGASWAP ECOSYSTEM
MelegaSwap Secures Top-Tier Partnership With $TONGUE
We are excited to announce a top-tier marketing partnership with the Tongue Project. The Tongue Crypto token is an innovative viral force. Apply the $TONGUE to any photo of people or coins and get ready to dominate the meme coin season.
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Risk warning: Cryptocurrency investment or trading is subject to high market risk. Hence, you might lose your money in the process. Please do adequate research and plan your investments cautiously. We at MelegaSwap will always make the best efforts to list high-quality and potential coins, but we will not be responsible for your losses.
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This week, the cryptocurrency market was mostly stable, though Bitcoin fell 2.40%, dropping over 4% to around $58,000 on Thursday. This decline affected major cryptocurrencies like Ether, Solana, Cardano, BNB Chain, and XRP. The drop followed the release of U.S. CPI data despite positive stock market reactions.
In other revelations, Vice President Kamala Harris aims to maintain the Biden administration’s strict stance on cryptocurrency regulations, working with former advisers Brian Deese and Bharat Ramamurti, who opposed the Clarity for Payment Stablecoins Act of 2023 for being too lenient.
According to Alex Thorn from Galaxy, this choice signals a continuation of strict crypto regulations.
Follow along as we unveil the six key crypto news stories from the past week to keep you updated. 
For transparent and decentralized crypto trading and to list your crypto token for free, visit our website and follow Melega Finance (@meleganews) on X for more on all things cryptocurrency.
TOP CRYPTO NEWS RECAP (August 11-17, 2024)
●      Arbitrum DAO Approves Proposal to Enhance ARB Token Utility and Governance Security
●      Circle Proposes New Risk Model for Stablecoin Management
●      Tron Surpasses Ethereum in Revenue Amid Stablecoin Innovations
●      First Bitcoin-Leveraged ETF Launches in US, Targeting Sophisticated Investors
●      Binance Reenters Indian Market After Regulatory Ban
●      MetaMask, Mastercard, and Baanx Launch Crypto Debit Card Pilot in Europe
Arbitrum DAO Approves Proposal to Enhance ARB Token Utility and Governance Security
The Arbitrum DAO has approved a proposal with 91% support from over 25,000 participants to enhance ARB token utility and governance security. The core feature introduces ARB staking, allowing holders to stake and delegate tokens in exchange for a liquidity-staking token, stARB. 
This will enable automatic compounding and integration with DeFi applications. The initiative aims to boost participation and safeguard the DAO against governance attacks, addressing low voter engagement and ARB's underperformance. Voting concluded on August 15.
Circle Proposes New Risk Model for Stablecoin Management
Circle, the issuer of USD Coin (USDC), has released a white paper proposing a new risk-based capital management model called the Token Capital Adequacy Framework (TCAF). The paper argues that current banking standards need to adequately address unique risks posed by stablecoins, such as market trading fluctuations and technological vulnerabilities. 
TCAF introduces a dynamic, risk-sensitive approach that includes stress-testing reserves and adapting capital requirements to changing risks. The framework aims to enhance global risk management, simplify operations, and incentivize better accountability for stablecoin issuers.
Tron Surpasses Ethereum in Revenue Amid Stablecoin Innovations
According to Token Terminal, the Tron network outperformed Ethereum in the past 90 days, generating approximately $435 million in fees compared to Ethereum’s $364 million. Tron founder Justin Sun highlighted that Tron’s 30-day revenue exceeded Ethereum’s by 50%. 
Sun projected Tron’s protocol revenue could surpass $2 billion by year-end, positioning it as the most profitable blockchain. Tron also processed $1.25 trillion in USDT settlements, nearly a third of Visa’s volume, and plans to introduce a gasless stablecoin to enhance cross-border payments and small transactions.
First Bitcoin-Leveraged ETF Launches in US, Targeting Sophisticated Investors
The first Bitcoin-related leveraged ETF, MSTX, has launched in the United States. It offers 175% long daily exposure to MicroStrategy, a company with significant Bitcoin holdings. Sylvia Jablonski, CEO of Defiance ETFs, highlighted the fund’s potential to provide enhanced Bitcoin market exposure. 
The ETF, however, is designed for sophisticated investors due to the high risks of leveraged investments. MicroStrategy’s stock has surged over 70% in the past six months, outperforming Bitcoin further boosting interest in the new ETF.
Binance Reenters Indian Market After Regulatory Ban
After a seven-month ban, Binance has returned to India's Google Play and Apple App Stores. The crypto exchange registered with India’s Financial Intelligence Unit (FIU-IND) on August 15, fulfilling an essential legal requirement for combating money laundering. 
While Binance did not confirm if it paid the previously reported $2.25 million fine, CEO Richard Teng emphasized the importance of aligning with Indian regulations. This move marks Binance's 19th global regulatory milestone and underscores its commitment to a secure and transparent crypto market in India.
MetaMask, Mastercard, and Baanx Launch Crypto Debit Card Pilot in Europe
MetaMask has partnered with Mastercard and Baanx to pilot a self-custody debit card in the UK and EU. This card lets users store their crypto on the Linea network and convert it into fiat at the point of sale. 
The transaction process involves sending tokens from the user's wallet to a smart contract, where the crypto-to-fiat conversion happens. While initially limited to Europe, this initiative could extend financial services to the global unbanked population and offer solutions in high-inflation economies like Argentina.
NEWS FROM THE MELEGASWAP ECOSYSTEM
AIVOICE Boosted on MelegaSwap
We are thrilled to announce that the $AIV team has decided to further enhance the FARM&POOL liquidity program by maximizing the APR and potential user participation—more opportunities to join a successful project by maximizing your earnings. 
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Risk warning: Cryptocurrency investment or trading is subject to high market risk. Hence, you might lose your money in the process. Please do adequate research and plan your investments cautiously. We at MelegaSwap will always make the best efforts to list high-quality and potential coins, but we will not be responsible for your losses.

#MelegaSwap #melegamarco #melega #CelsiusLawsuit #RussiaCrypto

This week, the Crypto Fear & Greed Index hit “Extreme Fear” for the first time in two years, with U.S. Bitcoin ETFs seeing $168.4 million in outflows on August 5. The index dropped to 17 out of 100, the lowest since July 12, 2022, down from 67 on July 29. 
Meanwhile, veteran trader Peter Brandt noted that Bitcoin's drop since the April 2024 halving resembles the market before the 2016 bull run. He highlighted similarities in market corrections since past halving dates.
Here are six key crypto news stories from the past week to update you on the latest happenings.
For transparent and decentralized crypto trading and to list your crypto token for free, visit our website and follow Melega Finance (@meleganews) on X for more on all things cryptocurrency.
TOP CRYPTO NEWS RECAP (August 4-10, 2024)
●      Ripple Labs' Legal Resolution: A Major Win
●      Donald Trump Jr. Plans New DeFi Cryptocurrency Platform
●      Celsius Sues Tether for $3.5 Billion Over Bitcoin Collateral
●      Vitalik Buterin's Vision for Cross-Chain Interoperability
●      Russia Legalizes Cryptocurrency Mining: A New Era Begins
●      Immutable Retires NFT Marketplace to Focus on Ecosystem Growth
Ripple Labs' Legal Resolution: A Major Win
On August 7, a Manhattan court ordered Ripple Labs to pay the SEC $125 million for improperly selling the cryptocurrency XRP. This penalty is significantly lower than the $2 billion sought by the SEC. 
The case, initiated in 2020, accused Ripple of raising over $1.3 billion through unregistered securities offerings. However, the court ruled that most XRP sales were not unregistered securities, except for those to institutional investors. 
Ripple CEO Brad Garlinghouse expressed relief, noting this resolution allows the company to grow. The XRP price surged almost 20% following the ruling.
Donald Trump Jr. Plans New DeFi Cryptocurrency Platform
Donald Trump Jr. has revealed intentions to create a decentralized finance (DeFi) cryptocurrency platform to address banking inequality. During a Q&A on Locals, he clarified that this initiative is not a memecoin but a significant project to challenge traditional banking systems. 
He acknowledged that the platform is in early development and may take time to launch. Trump Jr. emphasized the appeal of DeFi for those who feel excluded from traditional financing, urging caution against false tokens claiming affiliation with the Trump family.
Celsius Sues Tether for $3.5 Billion Over Bitcoin Collateral
Celsius, a defunct cryptocurrency platform, has filed a lawsuit against Tether, claiming misappropriation of assets and seeking around $3.5 billion in damages. The suit alleges that during its bankruptcy, Celsius provided Tether with 39,542.42 BTC as collateral for a USDT loan. 
Celsius contends that Tether liquidated the BTC without giving it a chance to provide more collateral, while Tether asserts that Celsius requested liquidation. The lawsuit seeks the return of 57,428.64 BTC and over $100 million in damages and legal fees.
Vitalik Buterin's Vision for Cross-Chain Interoperability
Ethereum co-founder Vitalik Buterin recently outlined his vision for improved cross-chain interoperability among Ethereum layer-2 networks. In a post on August 6, he expressed optimism that these interoperability challenges will soon be resolved, enhancing user experience across the Ethereum ecosystem. 
Key proposals include EIP-3370, which introduces a new address standard for wallets, and EIP-7683, which aims to facilitate communication between layer-2 networks. Additionally, EIP-3668 seeks to standardize how smart contracts access off-chain data. Buterin believes these developments will soon lead to a smoother, more efficient trading environment.
Russia Legalizes Cryptocurrency Mining: A New Era Begins
In November 2024, Russia will officially legalize cryptocurrency mining following President Vladimir Putin's approval of a new law. This legislation introduces a regulatory framework that distinguishes mining activities from currency issuance, impacting taxation and regulation. 
Only registered Russian legal entities and entrepreneurs can conduct large-scale mining, while individual miners are exempt from registration if they adhere to energy consumption limits. Additionally, the law bans misleading cryptocurrency advertising and allows the trading of foreign digital assets, with oversight from the Bank of Russia and other government bodies.
Immutable Retires NFT Marketplace to Focus on Ecosystem Growth
Immutable, a blockchain gaming and NFT platform, announced it would retire its NFT marketplace on August 13 to prioritize expanding its ecosystem through partnerships. The marketplace initially created to showcase features of the Immutable SDK, will be phased out as existing projects flourish independently. 
Users' assets will remain secure on the blockchain, linked to their wallets. This decision comes amid a significant decline in NFT sales, with a 45% drop in volume in Q2 2024. Despite the downturn, industry experts maintain confidence in the long-term viability of NFTs.
NEWS FROM THE MELEGASWAP ECOSYSTEM
Godyence (GODEN) Farm & Pool Listed on MelegaSwap
Godyence is a leading innovative PvP game that powers its entire ecosystem. In the Godyence system, players can have their first space travel experience and develop new space strategies.
$AIVOICE Listed on CoinGecko
We are thrilled to announce that we have successfully supported the AIVOICE project's listing in Coingecko. Here, you can easily check all the $AIV markets, including MelegaSwap. 
To celebrate this strategic achievement, the $AIV team has decided to further enhance the FARM&POOL liquidity program by maximizing users' APR and potential participation. More opportunities to join a successful project by maximizing your earnings
XOXO (XOXO) Farm & Pool Listed on MelegaSwap
XOXO is the Polygon Meme Token Everyone's Been Looking For.
 
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Risk warning: Cryptocurrency investment or trading is subject to high market risk. Hence, you might lose your money in the process. Please do adequate research and plan your investments cautiously. We at MelegaSwap will always make the best efforts to list high-quality and potential coins, but we will not be responsible for your losses.
#MelegaSwap #melega #melegamarco #TetherUSD #Ripple💰