🚨🚨𝗞𝗲𝘆 𝗣𝗼𝗶𝗻𝘁𝘀 𝗳𝗿𝗼𝗺 𝗙𝗖𝗔'𝘀 𝗜𝗻𝘃𝗲𝘀𝘁𝗶𝗴𝗮𝘁𝗶𝗼𝗻 𝗶𝗻𝘁𝗼 𝗧𝗶𝗸𝗧𝗼𝗸'𝘀 𝗩𝗶𝗿𝘁𝘂𝗮𝗹 𝗖𝘂𝗿𝗿𝗲𝗻𝗰𝘆:🚨🚨
1. FCA Investigation: The UK Financial Conduct Authority (FCA) is investigating TikTok over concerns that its virtual currency, TikTok Coins, could be used for money laundering.
2. Regulatory Bypass: The FCA warned that TikTok’s system may bypass regulations designed to prevent money laundering and the financing of terrorism.
3. Potential Unlicensed Operation: A compliance consultant suggested that TikTok could be operating as an unlicensed cryptocurrency platform.
4. Transaction Process: Users buy TikTok Coins, gift them to content creators, who can convert them into "diamonds" and later exchange them for fiat currency, raising concerns about anonymous transactions.
5. Possible FCA Audit: The FCA may audit TikTok’s financial operations to ensure compliance with laws governing digital currencies and remittance services.
6. Global Scrutiny: TikTok is facing investigations in Australia, and the United States has banned its use on government devices due to privacy concerns.
💬 Discussion: Should social media platforms be allowed to operate their own virtual currencies? Share your thoughts!
#MemeCoinTrending #TeslaTransferBTC #BTCSoarsTo68K #BinanceLabsInvestsLombard #BNBRisesTo600
#RoadToSmartCon
Chainlink Build member @UltimateDigits has integrated Chainlink CCIP across @arbitrum, @base, @BNBCHAIN, @ethereum, @MetisL2, and @0xPolygon.
See how CCIP enhances Ultimate Digits' virtual number NFTs with cross-chain capabilities ⬇️
https://mirror.xyz/0x706903978e3010ede4BC9D1D523e519Ce81B1f49/vdmDY6qCciqHIgypT38ux-er4SmQ62zokjTaGVqKFtA?referrerAddress=0xb0D92ecaBF7d4dB55F0ADeb1233f0CB8A4B8917 https://x.com/chainlink/status/1847307387428090040/photo/1
**Crypto Clash in Massachusetts: Warren vs. Deaton**
- Massachusetts Senator Elizabeth Warren and lawyer John Deaton squared off in a heated debate, with crypto taking center stage.
- Warren accused Deaton of being a crypto puppet, claiming 80% of his wealth and 90% of his campaign funding come from the industry.
- Deaton fired back, highlighting Warren's cozy ties with SEC Chair Gary Gensler.
- Warren's anti-crypto stance remains strong, linking digital assets to crime.
- Deaton, backed by crypto heavyweights like the Winklevoss twins, continues to champion the industry. 🪙
Stay tuned, folks! This election could be a referendum on crypto policy!
🚀 Crypto Clash in Massachusetts! 🚀
In a fiery debate, Senator Elizabeth Warren and lawyer John Deaton squared off over crypto policies ahead of the November election. Warren, a vocal crypto critic, linked digital assets to "drug cartels" and "terrorists," while Deaton defended his pro-crypto stance.
🔹 Warren: "80% of Deaton’s wealth is in crypto. That's corruption!"
🔹 Deaton: "Warren's cozy with SEC's Gensler!"
With early voting starting Oct. 19, Massachusetts voters face a referendum on crypto policy. Who do you think won the debate? Share your thoughts below! 💬
#CryptoDebate #Election2023
**Crypto Clash in Massachusetts Senate Debate**
In a heated debate on Oct. 17, Massachusetts Senator Elizabeth Warren and lawyer John Deaton sparred over cryptocurrency policies. Warren criticized Deaton for his deep ties to the crypto industry, alleging that 80% of his wealth and 90% of his campaign funding are crypto-related. She argued this compromises his loyalty to voters.
Deaton, defending his stance, accused Warren of colluding with SEC Chair Gary Gensler. He highlighted his pro-bono work for XRP holders, which Warren dismissed as insignificant.
With early voting starting Oct. 19, Warren leads by 20 points in polls. The debate underscores the growing political divide over crypto regulation.
This Week in Meme Coins: $HOPPY Forms New ATH, $BOME, $RETARDIO Rally Over 50%
✨ Hoppy surges 94% to a new ATH of $0.0002896, with continued growth depending on whether holders sell or hold.
✨ Retardio nears its ATH of $0.20 after an 88% rally, with support at $0.14 if sentiment shifts and a potential retracement follows.
✨ Book of Meme trades at $0.0099, nearing $0.0111 resistance, with sideways movement expected unless a breakout pushes it to $0.0127.
(Don't forget to LIKE and FOLLOW for more updates)
🚨Market update on ETH 🚀
$ETH is currently trading below a significant resistance zone between $2650 and $2800. A breakout above this level could open the path towards the $3500 target zone. Especially as $BTC is bullish
However, here’s what happened with the other hot cryptocurrencies below👇
$BNB continues to rise, gaining +1.36%, now at $600
#NEIRO is down -2.21%, trading at $0.00195687, showing a potential correction after previous gains.
#PEPE continues to rise, gaining +2.37%, now at $0.00001037, confirming its status as a trending token.
#SOL has gained +0.53%, priced at $153.54, reflecting a stable upward movement.
#SUI continues to rise, gaining +2.28%
🚀 **Breaking News: ParallelAI & io.net Join Forces to Revolutionize AI Processing!** 🚀
- **Strategic Alliance**: ParallelAI and io.net, leaders in AI and decentralized GPU computing, have partnered to supercharge AI development.
- **Enhanced Power**: With A100 GPUs from IO Cloud, ParallelAI boosts its processing power, meeting the demands of massive AI projects.
- **Cost Efficiency**: IO Cloud offers up to 90% cost savings, making it a game-changer for developers.
- **Innovation Boost**: Joint R&D efforts promise groundbreaking advancements in GPU cloud computing.
What do you think about this partnership? Share your thoughts below! 💬
**Radiant Capital Suffers $50M Hack Due to Malware Attack**
Radiant Capital, a DeFi platform, revealed a detailed post-mortem of the October 16 hack that led to the theft of over $50 million in digital assets from BNB Chain and Arbitrum networks. The attackers compromised the devices of three long-standing developers using sophisticated malware. This malware tricked the Safe{Wallet} interface into displaying legitimate transaction data while malicious transactions were executed in the background.
The breach occurred during a routine multisignature emissions adjustment, a process requiring multiple signatures to authorize a transaction. The compromised devices intercepted these approvals and replaced them with malicious ones, which were then signed and executed. This attack was hard to detect as the signed transactions appeared legitimate in the user interface.
Radiant Capital has advised all users to revoke approvals on all chains to prevent further incidents. This hack is part of a larger trend, with access control exploits accounting for $316 million in lost funds in Q3, nearly 70% of all crypto funds stolen during that period.