02-10-2024

October 02, 2024

Howdy folks,

🔗💸 Metaplanet has reaffirmed its dedication to Bitcoin with a recent purchase of 107.913 BTC, spending 1 billion yen ($6.9 million). Sparking interest in the crypto community, CEO Simon Gerovich emphasized the company's "Bitcoin First Bitcoin Only" strategy amidst Japan's economic pressures.

Gerovich predicts Bitcoin could soar to $1 million per BTC in the next 5-10 years, highlighting Bitcoin’s fixed supply and increasing institutional adoption.

In other news:

🚀🏢 Ripple has secured in-principle approval from Dubai's Financial Services Authority, propelling it towards becoming the UAE's first licensed blockchain-based payments company. This pivotal move enables Ripple to expand its cross-border payment services and solidify its foothold in the burgeoning Middle East crypto market.

With over 20% of its global customer base in the UAE, Ripple is well-positioned to support the region’s ambition of becoming a global crypto hub.

🚀📉 Gemini is winding up its operations in Canada, with all customer accounts set to close by December 31, 2024. Users have a strict 90-day deadline starting September 30, 2024, to withdraw funds, or risk losing their assets permanently.

This move aligns with other major exchanges like Binance and Bybit, exiting due to Canada's stringent regulatory landscape.

💥🔒 The crypto industry continues to battle significant threats, with September recording over $120M in losses across 20 incidents. Major breaches include a $44M hot wallet hack on BingX and notable attacks on Penpie and Indodax, underscoring persistent vulnerabilities.

Despite a decline from August's $313.9M losses, the sector remains under siege, emphasizing the urgent need for heightened security measures.

DailyCoin Daily Meme

“I Am Having This Constant Fear of Losing Tigran:” Gambaryan’s Wife Narrates Family Ordeal as Husband’s Detention Continues

A weary-looking Yuki Gambaryan offered insight into how her family is dealing with her husband's absence.

El Salvador’s Monetary Revolution Will Take Time

El Salvador's adoption of Bitcoin as legal tender will take time, despite initial challenges, including gang violence in 2022.

Binance Adds Risk Warning Banners to IOTA, Chiliz (CHZ), AVA, and Other Seven Tokens Following User Feedback and Concerns

Binance reinforces “transparency” with risk warning banners on 10 tokens, including Chiliz (CHZ) and Enjin Coin (ENJ).

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DISCLAIMER: The content provided does not constitute financial advice. This newsletter is purely educational and should not be considered as investment advice or a recommendation to buy or sell any assets or make any financial decisions. Please exercise caution and do your own research.

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