Crypto Markt Today

Crypto Markt Today
Vitalik Buterin Slams El Salvador’s Bitcoin Adoption Policy

The Ethereum co-founder called "shame" on those praising the move uncritically.

_ Vitalik Burterin has called El Salvador’s compulsory Bitcoin adoption policy “reckless.”

_ El Salvadorian President Nayib Bukele has faced repeated international criticism for his strongman approach to governing.

_ Buterin unequivocally called “shame” on those praising Bukele’s move, laying blame specifically at the feet of “Bitcoin maximalists.”

<CRYPTO BRIEFING>
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BlockFi Jumps Into Bitcoin ETF Race

The fund will not invest directly in Bitcoin:

The fund seeks to invest in bitcoin futures so that the total value of the bitcoin to which the fund has economic exposure is equal to approximately 100% of the net assets of the fund.

<U Today>
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Senator Lummis Discloses Apparent Bitcoin Buy of up to $100,000
Wyoming Republican has been an outspoken supporter of cryptocurrencies in recent months.

The senator’s purchase was from bitcoin brokerage River Financial
Lummis was a supporter of an amendment in Congress’s infrastructure bill in August that would exempt hardware wallet makers, cryptocurrency transaction validators, node operators and other non-brokers from tax regulations

<Blockworks>
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Bitcoin Soars 25% Weekly, Taps Mid-May Highs: The Weekly Crypto Recap

Bitcoin had an incredible week of trading as its price reached levels not seen since the mid-May highs. This happens on the back of a considerable 25% increase in the past seven days.

<Crypto Potato>
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US Senator Bought the Bitcoin Dip in August: SEC Transaction Report

A United States senator known for supporting crypto spent thousands of dollars purchasing Bitcoin (BTC) during its mid-August dip.

<THE DAILY HODEL>
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Russian Parliament to Consider Restrictions for Non-Qualified Crypto Investors

Cryptocurrency can be quite complicated for some and lawmakers in Russia think they need to contemplate restrictions for private investors. According to a high-ranking representative of the legislature, the Russian parliament needs to provide them with “maximum protection” against the risks.

<Bitcoin.com>
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Has Binance Found a Location for Its Headquarters? Crypto Exchange Says This Country Is on Its Radar

Leading cryptocurrency exchange Binance is looking at a potential place to maintain a physical headquarters as it transitions away from a decentralized structure.

<THE DAILY HODEL>
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Divergence Ventures Analyst Exposed for Farming Airdrop

Divergence Ventures was accused of “insider trading” today after it emerged that an analyst had made 702 ETH on an airdrop from Ribbon Finance. Divergence Ventures is a backer in the DeFi project.

Divergence Ventures is a VC fund with investments in Ribbon Finance.

_ On-chain data shows that an analyst at the fund recently received a total of 702 ETH from a number of wallets that had interacted with Ribbon Finance.
_ The wallets received the project's airdrop then traded the tokens for ETH.
_The firm has posted a public apology and sent 702 ETH to Ribbon's DAO.

<CRYPTO BRIEFING>

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