Crypto Founder

Uniswap Labs urged the SEC to drop the potential lawsuit🦄 In a response to a Wells notice from the SEC received in April, Uniswap Labs called the agency's legal arguments weak and said it was prepared for a legal confrontation. 📑The type of letter referred to, the Wells notice, is used by the Commission to notify people and companies of legal violations discovered in an investigation that are the basis for a planned civil lawsuit. The recipient has the opportunity to provide information with arguments as to why enforcement action should not be taken against them. The main allegations by the SEC were: 🟠Uniswap protocol is an unregistered securities exchange controlled by Uniswap Labs; 🟠the platform interface is an unregistered broker-dealer; 🟠UNI token is an investment contract. 📍Uniswap Labs emphasized that it is "ready to fight," and its lawyers have a track record of successfully standing up to the regulator. Andrew Ceresney, former head of the SEC's enforcement division, helped Ripple win a victory against the agency. Former U.S. Solicitor General Don Verilli represented Grayscale in a successful case against the Commission. #news CryptoFounder | Subscribe

💎Notcoin opened a claim token Today in the official bot, notcoin became available ways to withdraw coins from the app. A total of 4 ways to withdraw coins are offered, 3 of which can be selected now: 1️⃣ Notcoin steaking inside the telegram app. What amount of reward will be provided in this method is not specified. But most likely, the rewards will be distributed in the same amount as for steaking on the exchange, about 2-4% of the invested funds. 2️⃣Withdrawal to the exchange, listing is planned on OKX, Bybit, Binance. The commission for such a withdrawal through the bot will be about 1.5% of the amount of received coins for activity in the application. 3️⃣ Withdrawal to the Telegram wallet, most likely will be the most unprofitable, as the commission for withdrawal of funds will also be about 1.5% and when trying to withdraw to the exchange, you will also have to pay the commission of the network TON. Perhaps in the near future announced, built-in exchange inside the application Telegram, in this case, the loss of your coins will not be so significant. 📍Right now it is also available to exchange vouchers purchased on the premarket, to the balance in the bot notcoin, immediately after that the price of NFT vouchers fell by about 1 TON = 6.6$ at the current rate. The best way to withdraw funds, according to our team, is to withdraw to any of the exchanges convenient for you. #news CryptoFounder | Subscribe

Binance helped arrest a suspect in the ZKasino scam🔸 Binance's crime investigation team has been instrumental in the arrest of a suspect involved in the ZKasino blockchain casino scam. Cointelegraph provides the details. 🔹In April, ZKasino developers sent 10,515 ETH worth $33.9 million to the Lido staking protocol and changed the wording on the site, removing the ETH refund claim. The coins were deposited by early participants to farm the ZKAS native token. 📍On April 29, the Dutch Fiscal Information and Investigation Service detained a 26-year-old suspect. Assets worth over €11.4 million ($12.2 million), including real estate, a car and cryptocurrencies, were arrested.Digital storage media was also seized during a search of his apartment. #news CryptoFounder | Subscribe

Trader lost $68 million due to address spoofing fraud💸 An unidentified user was the victim of an “address poisoning” scam that lost 1,155 “wrapped” bitcoins worth about $68 million, Cyvers Alerts reported. 🛡The potential fraud was detected by the researchers' AI system. According to CoinStats, the trader lost more than 97% of his assets. In “address poisoning,” attackers trick or use technical tricks to force the user to send cryptocurrency to a knowingly incorrect address, which can be similar to the real one in the first and last characters. 📍This type of fraud was first warned about by the MetaMask team. It is impossible to prevent such an attack, so you should be careful when copying addresses from history. #news CryptoFounder | Subscribe

💰 What to expect after the halving? A historic event happened tonight, namely the long-awaited halving of BTC. I suggest to remember the base: After the halving, the rewards for mining BTC decreased by 2 times. This event happens every 4 years. It protects against inflation and usually has a positive effect on the price.

So what should we expect from the market now?

Judging by the past cycles, the price will set a new historical maximum in the next 5-6 months. 🧯 But it is difficult to give a more accurate forecast, as the market cycles are now completely out of time. BTC updated the last ATH even before the halving. Analyzing the chart, we will see that our ancestors made peak profits on the 11th and 18th month after the halving. And in the first 3 months basically nothing significant happened. 📉 By the way, JPMorgan is predicting Bitcoin's decline. According to them, BTC is now in an overbought zone, which suggests a risk of a correction. But for us, the most important thing is that in the long run it always leads to growth. 📍 And this prompts many projects to enter the market and hand out generous retrodrops. The retrodrop boom is still to come! #analytics CryptoFounder | Subscribe

🟡 BTC Halving Friends, a few hours ago the fourth BTC halving happened and now miners mining has been reduced by 2 times. 🔤 Let's dive into history Mining rewards started at 50 BTC per block when Bitcoin was first released back in 2009. Since then, there have been three decreases: • On November 28, 2012, the reward for mining was reduced from 50 BTC to 25 BTC; • On July 9, 2016, the reward for mining was reduced to 12.5 BTC; • On May 11, 2020, the reward was halved again to 6.25 BTC per block. These updates are an integral part of the fight against BTC scarcity and inflation. This is the only way to ensure that the total supply never exceeds 21 million. Starting today, miners will receive a reward of 3.125 BTC per block until 2028. Based on calculations, the last bitcoin will be mined by November 30, 2135. Anybody here who's wallet balance has decreased by two? 🔥 - Yes. As recently as a week ago. 🐳 - No. I have stables. #education  CryptoFounder | Subscribe

Miners in Sweden face a $90 million tax claim🪙 Swedish tax authority Skatteverket has discovered underpayments by mining companies amounting to almost 1 billion kronor (more than $90 million). ⚪️As a result of the investigation, violations were found in 18 out of 21 profile firms investigated between 2020 and 2023.

The companies we inspected used a specific approach, trying to hide that they were engaged in mining, i.e. creating new units of cryptocurrencies. Their goal was to obtain tax benefits to which they are not entitled," explained Skatteverket's head of intelligence, Patrik Lillqvist.

Most of the identified violations concern the improper avoidance of VAT by data center operators. The additional amount accrued amounted to 932 million kronor, another 58 million kronor came from general fiscal payments. 📍As a reminder, in April 2024, the Norwegian government confirmed its intention to put an end to digital asset mining in the country as an undesirable activity. #news CryptoFounder | Subscribe

Tether will reorganize the company and expand the business beyond stablecoins💲 USDT issuing company Tether has announced a reorganization of its structure into four divisions in order to expand into areas other than "stablecoins." "Tether's move beyond the well-established USDT stablecoin signifies a paradigm shift in its approach to financial empowerment," the company said in a press release. Among the new business units, the firm highlighted "data," "finance," "capacity" and "education." ⚪️Tether Data - the division specializes in the development and strategic investments in new technologies like artificial intelligence and peer-to-peer platforms; ⚪️Tether Finance - a digital asset servicing department that acts as "the cornerstone of the company's traditional products and financial services." ⚪️Tether Power - the sustainable mining and bitcoin power development department; ⚪️Tether Edu - a department of educational initiatives to increase awareness of digital assets and other advanced technologies. 📍According to him, Tether is one of the largest holders of US Treasury bills. He also announced tether.io, a website dedicated to the firm's new business lines. #news CryptoFounder | Subscribe

💡New bill to ban algorithmic stablecoins The introduction of a US bill banning unbacked algorithmic stablecoins threatens the existence of stablecoins such as Ethena's USDe and Frax Finance's FRAX. Both of these stablecoins, previously popular due to their high yields and integration into major crypto protocols, may face serious problems. 📝 Ethena's USDe, which is not backed by dollars but backed primarily by staked ether (stETH), will face a choice: raise high-risk loans, increase fees, or exclude the US from its operations, which could lead to mass capital flight. If these stablecoins fail to adapt to legal requirements, they may face closure or serious lawsuits, which will create pressure on the entire crypto market similar to the situation with Terra-LUNA. 📍 Be careful, as regulations are everywhere! #news CryptoFounder | Subscribe

A trader lost $529,000 as the USDP stablecoin jumped above $1.18📉 💲On April 16, the USDP steiblcoin exchange rate from Paxos jumped above the $1.18 mark. The loss of the peg led to a liquidation of $529,000 USDC from one trader, according to PeckShield. Previously launched on the model of Aave, Pac Finance's L2-based lending protocol Blast faced $26 million in unexpected liquidations of user positions. 📍As a reminder, in the first two weeks of April, the volume of forced closed positions in the Ethereum ecosystem's lending markets reached $127.8 million, surpassing monthly values since at least June 2022. #news CryptoFounder | Subscribe