Howdy folks,

Did you hear about the teenager who bought and staked Ethereum with their weekly allowance?

It was an act of DEFIance toward their parents! 🤣🤣

Ready to make a splash?

• 🚑 Google Ensuring User Safety

• ⛔ EU “Safety Not Guaranteed”

• 🌡️ Expensive Acquisition Probe

👮 Google to Enforce Blockchain-Based Content Policy for Play Store

This summer, Google is making waves in the digital sea, rolling out a "Blockchain-based Content Policy" for its Play Store. 

This move is to ensure the safety of users while not hampering innovation. The policy applies to "tokenized digital assets" like NFTs. 

Developers must disclose if their app involves such assets and refrain from promoting potential earnings from play or trade activities. 

Sensible safety steps or Google’s march for control? ⚠️

The policy also addresses NFT gamification, disallowing the exchange of in-game NFTs for real-world money. 

Instead, these digital treasures should enhance the gaming experience. 

Also, selling undisclosed NFT bundles or rewarding NFTs in pay-to-play social casino games breach the policy. 

Only a select few developers will initially implement the policy, with a broader rollout expected by year-end. 

Safe sailing, Google users! ⛵

 Decoding Kraken Fees: What You Need to Know 

Kraken

's fees for using Instant Buy are comprised of a shown fee and, where applicable, a spread included in the asset's price. 

Unlike the displayed fee, the spread is not static but rather calculated before each transaction's execution. 

It may vary even for similar transactions, as multiple factors influence it. 

These include the transaction size, asset type, payment method, and current market conditions. 

Understanding these variables can help users navigate Kraken's fees more effectively and optimize their digital asset transactions.

🇪🇺 EU Regulator Delivers Stark Crypto Warning Amid New Proposals

In a stark wake-up call, the European and Securities Markets Authority (ESMA) declared, "there is no such thing as a safe crypto-asset." 

This caution followed the release of the first set of MiCA proposals for crypto-asset service providers (CASPs). 

The rules cover conflict-of-interest situations and the handling of customer complaints. 

ESMA Chairwoman Verena Ross emphasized that despite MiCA's implementation, cryptocurrencies remain risky. 🚸

Progressive ideas; accepting crypto isn’t going away, and protecting, rather than trying to eliminate it…yes, we’re looking at you, U.S. Government! 

The new proposal, titled "Technical standards specifying certain requirements of MiCA regulation," invites industry feedback until September 20th. 

The warning echoes recent crypto collapses and hack attacks that resulted in significant client losses. 

This is super positive stuff for us users! ✅

Set to take effect in 2024, MiCA will allow wallet providers and exchanges to operate across the 27-nation bloc with a single license.

😡 FTX Accused of Overspending $400M for European License

The failed crypto exchange FTX is facing legal actions as investors seek the return of nearly $400 million spent on acquiring Swiss company Digital Assets AG (DAAG). 

Plaintiffs claim the buyout, led by Sam Bankman-Fried (SBF) through Alameda Research, was overpriced, considering DAAG's limited business and lack of significant intellectual property. 

It’s becoming more and more obvious that they didn’t have a clue what they were doing! 🤡

They argue that FTX aimed to secure a European operating license through a local company. 

Despite acquiring a license in Cyprus for a comparatively modest 2 million euros ($2.2 million), FTX continued to pay millions to DAAG for IT and consulting services. 

The plaintiffs now seek to recover at least $323.5 million, alleging that the transfers in the DAAG deal were made "with the intent to hinder, delay, or defraud present or future creditors."

Is there no end to the scandals SBF and his cronies were into? 🤬

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