04-09-2024

Author

Fernando Fierro
September 04, 2024

Howdy folks,

🚨📱 Telegram is facing mounting pressure as South Korean authorities initiate an investigation into the platform amidst accusations of facilitating deepfake crimes. This comes on the heels of Telegram CEO Pavel Durov's recent arrest in France, highlighting serious allegations, including complicity in illegal transactions.

The ongoing issues raise significant concerns for Telegram’s millions of users, who worry about the platform's safety and privacy.

In other news:

🚨🔒 Donald Trump's newly-endorsed crypto project, World Liberty Finance (WLFi), has already caught the attention of scammers who infiltrated its official Telegram channel. Users were misled by fraudulent ads to connect their wallets, risking their funds, prompting WLFi to issue a warning against unauthorized links.

The project's lack of a clear roadmap and detailed strategy adds to concerns, despite its promise to revolutionize banking and recent high-profile advisory appointments.

💔📉 The SEC fined Galois Capital $225,000 for improper asset custody linked to its significant exposure to the now-defunct FTX platform. This penalty underscores the lasting impact of FTX's 2022 collapse, which locked $50 million of Galois's assets and forced the firm to shut down.

Regulatory actions like this depict ongoing instability, affecting both smaller and prominent crypto firms.

🚀📈 Bitget has unveiled the Bitget Booster Platform, offering lucrative commission rewards to crypto influencers. Aiming to enhance community engagement, Bitget has committed $5 million to reward content creators, including social media influencers and professional traders.

With over 25 million users and significant trading volume surges, Bitget's CEO emphasizes the platform's role in driving crypto adoption by leveraging their extensive influencer network.

DailyCoin Daily Meme

What Is Ethervista, Much More Than a Pump.fun Rival on Ethereum?

Ethervista has been touted as the "Pump.fun of Ethereum," but its developers have a much grander vision.

Pump.fun Hits $100M in Record Time Amid Mounting Criticism

Pump.fun's $100M revenue milestone faces backlash as critics call it a scam factory.

TON Accelerator Bolsters The Open Network’s Growth Efforts with a New Multimillion-Dollar Incubation Program for Crypto Startups

TON Accelerator launches a multimillion-dollar incubation program targeting five projects building on The Open Network.

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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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