Howdy friends,October is fast approaching....notoriously a good month for Bitcoin.

Ok, let's take the plunge!

• 👀 Vitalik's CBDC Views

• ⚠️ Influencer Fraud Alert

• 💪 Armstrong's 2024 Election Showdown

🤨 Buterin Skeptical of CBDCs’ Direction

Ethereum's co-creator, Vitalik Buterin, recently compared Central Bank Digital Currencies (CBDCs) to putting old wine in new bottles.

He expressed his growing pessimism in a chat with CNBC, noting how he had once naively hoped for CBDCs to be revolutionary.Instead, he lamented, they've morphed into mere “front ends” for the age-old banking system.I never imagined our crypto white knight would be wearing fluffy trousers! 🤣Remember those visions of transparent, blockchain-friendly, and private CBDCs? According to Buterin, those dreams are fading fast, with projects drifting from their innovative origins.The digital asset visionary also warned of CBDCs’ diminished privacy, suggesting they could end up as Big Brother's perfect financial watchdogs.What...he wasn't even prompting Ethereum??? Confusion! 🤐On the bright side, Buterin believes Ethereum, especially with its shift to proof-of-stake, has the resilience to counter government interference.

Jobs of the Week!

Risk Governance ManagerRobinhoodRemote$110,000 - $129,000 a year

Based preferably in Menlo Park, CA or New York, NY, this role focuses on enhancing the company's risk management governance program. Responsibilities include risk identification, assessment, monitoring, reporting, and working closely with various business units. Ideal candidates should have 6-8 years of broker-dealer experience, a master's degree or relevant certification, and a deep understanding of risk management in brokerage and crypto.

ControllerCoinDeskNew York$200,000 - $214,000 a year

The role involves managing billing, payables, financial statements, contract diligence, and liaising with auditors. The ideal candidate will standardize processes, ensure GAAP adherence, engage in M&A and funding due diligence, and support internal control initiatives. Requirements include a Bachelor's in Accounting, CPA certification, 10 years of accounting experience, and expertise in M&A and funding rounds. Media or Events industry experience and knowledge of specific platforms like Sage Intacct, Coinbase, and Stripe are preferred.

Senior Accountant, Financial ReportingPaxosRemote$94,350—$130,000Serving giants like PayPal and Nubank, Paxos are seeking a Senior Accountant to enhance financial reporting. Responsibilities include preparing U.S GAAP and other financial statements, analyzing financial data for accuracy, liaising with external auditors, and continuously improving accounting operations. The ideal candidate will have 3+ years in public accounting, expertise in U.S. GAAP, and familiarity with Netsuite ERP.

🛸 Hong Kong Probes Crypto Exchange JPEX

JPEX, a Dubai-based cryptocurrency trading platform with strong ties to Hong Kong, has caught the attention of Hong Kong police.

The issue? Allegations of fraud leading to investor losses amounting to a staggering HK$1.3bn ($166m; £134m).This intrigue, which is shaping up as one of Hong Kong's grandest fraud scandals, culminated in the arrest of 11 individuals.Among them are notable influencers, with one being the self-proclaimed "Trolling King" of Hong Kong, Joseph Lam.

What's curious about this rollercoaster is that while JPEX had been promoting high yields to its largely novice investor base, it was operating sans a license for virtual asset trading.The platform, however, asserts it made earnest efforts to align with local requirements introduced in June. Yeah, of course you did! 🙄

As billboards flashed and influencers like Mr. Lam touted Bitcoin’s allure, many unsuspecting investors hopped on board. 🚅Lam, for instance, painted a rosy picture of using Bitcoin profits to upgrade lifestyles, while another influencer, Chan Yee, also faced scrutiny.Can we just get rid of all "influencers" now, please? I'm sure we'd be better off!As the saga unfolds, it offers a potent reminder: the crypto realm, despite its glittering allure, is not without its pitfalls. 

🪖 Coinbase CEO Urges Stronger Crypto Lobbying

Coinbase's head honcho, Brian Armstrong, has a message for the crypto world: gear up for the 2024 elections.  

In a recent tête-à-tête with Ryan Selkis from market research firm Messari, Armstrong sounded the alarm on the regulatory headwinds US crypto firms face, likening it to a rocky sea with tumultuous waves created by some policymakers.

Armstrong feels some are deliberately throwing wrenches into the industry's gears.Yeah...we know! 🙄Pointing fingers at SEC Chair Gary Gensler and Senator Elizabeth Warren, he lamented, "It feels like we're a ship in a storm, with subpoenas and Wells notices raining down like torrential rain."Armstrong highlighted that many in the government harbor a more balanced view, recognizing crypto's untapped innovative prowess.It's not about stifling but nurturing with sensible regulations (and possibly looking at how other countries are doing things, perhaps? 🙊)

As the clock ticks toward the 2024 elections, Armstrong’s clarion call is clear: the crypto community needs to buff up its lobbying muscle.

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