Top crypto tweets of the day – August 15th

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• FCA takes down illegal crypto ATMs in the UK, issues strong warning

  TL;DR Breakdown FCA disrupts the majority of crypto ATMs and warns users of criminal involvement. Crypto ATM users lack protection, and FCA urges compliance and vigilance. A recent case highlights the risks of crypto scams and impersonation tactics. Description The Financial Conduct Authority (FCA), the renowned financial watchdog in the United Kingdom, announced the disruption of 26 out of 34 cryptocurrency ATMs it inspected. Firmly addressing the UK crypto ATM operators on February 14, the FCA issued a stern warning, clarifying that compliance with legislation or facing closure of illicit activities was the only … Read more The Financial Conduct Authority (FCA), the renowned financial watchdog in the United Kingdom, announced the disruption of 26 out of 34 cryptocurrency ATMs it inspected. Firmly addressing the UK crypto ATM operators on February 14, the FCA issued a stern warning, clarifying that compliance with legislation or facing closure of illicit activities was the only way forward. Responding promptly, the FCA, in collaboration with other law enforcement authorities, launched 36 investigations into cryptocurrency ATMs, exercising their authority under anti-money laundering laws. #Crypto ATMs…

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• NFT Trader Outsmarts Bot, Bags $1.5 Million in Ethereum

  TL;DR Breakdown Hanwe Chang, a trader on the NFT marketplace Blur, noticed a bot mimicking his bids and used this to his advantage, earning a staggering 800 Ethereum, equivalent to $1.5 million. The incident has sparked a debate within the crypto community, with some viewing Chang’s actions as a clever strategy and others condemning them as unethical and potentially illegal. This event underscores the need for clear regulations and guidelines in the NFT marketplace to prevent manipulation and ensure fair trading practices. Description In a recent turn of events that has left the crypto community buzzing, a trader named Hanwe Chang has reportedly outsmarted a bot, earning a staggering 800 Ethereum, equivalent to $1.5 million. The incident occurred on the NFT marketplace Blur, where Chang noticed a bot mimicking his bids and decided to use this to his … Read more In a recent turn of events that has left the crypto community buzzing, a trader named Hanwe Chang has reportedly outsmarted a bot, earning a staggering 800 Ethereum, equivalent to $1.5 million. The incident occurred on the NFT marketplace…

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• Bitcoin holdings on exchanges continue to decline drastically

  TL;DR Breakdown Bitcoin held on crypto exchanges has continued to witness a massive decline. Implications for custodianship and investor confidence. Description In a notable shift within the cryptocurrency landscape, the quantity of Bitcoin (BTC) held in addresses linked to centralized exchanges has reached its lowest point in over five years. This development, while reflecting a growing market sophistication, brings about both positive and negative implications for the crypto industry. Cryptoquant report shows a 4% decline in … Read more In a notable shift within the cryptocurrency landscape, the quantity of Bitcoin (BTC) held in addresses linked to centralized exchanges has reached its lowest point in over five years. This development, while reflecting a growing market sophistication, brings about both positive and negative implications for the crypto industry. Cryptoquant report shows a 4% decline in BTC holdings According to on-chain data analytics service CryptoQuant, the exchange reserve of Bitcoin has witnessed a 4% decline this month, settling at 2 million BTC (equivalent to $54.5 billion). This figure represents the lowest exchange reserve since early January 2018. This trend is indicative of…

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• Big Tech’s worst nightmare is US antitrust plans

  TL;DR Breakdown Big Tech is facing intense scrutiny from U.S. antitrust regulators. The Biden administration has challenged numerous mergers and acquisitions, particularly in the tech sector. Despite some legal defeats, new guidelines have been published to regulate potential monopolies. Description Bracing for a storm, Big Tech faces an uneasy future as the U.S. antitrust enforcement agenda gains momentum. President Joe Biden’s administration continues to scrutinize mergers and acquisitions, underlining the growing skepticism towards large-scale deals, particularly within the technology sector. The hard stance on Big Tech’s mergers and acquisitions Over the years, corporate amalgamations have … Read more Bracing for a storm, Big Tech faces an uneasy future as the U.S. antitrust enforcement agenda gains momentum. President Joe Biden’s administration continues to scrutinize mergers and acquisitions, underlining the growing skepticism towards large-scale deals, particularly within the technology sector. The hard stance on Big Tech’s mergers and acquisitions Over the years, corporate amalgamations have become a formidable tool in the arsenals of tech giants. Yet, under Biden’s administration, regulatory forces have exhibited an uncompromising stance, challenging an unparalleled number of mergers….

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• Changzhou’s cashless revolution: $700k in digital yuan tokens & coupons await

  TL;DR Breakdown Changzhou, China, is launching a citywide shopping festival to promote digital yuan adoption. The festival will distribute 700,000 digital yuan tokens and coupons to residents and visitors. The giveaways encourage locals to embrace the digital yuan and its benefits. Description Changzhou, China, is gearing up for an exhilarating citywide shopping festival that promises to captivate residents and visitors alike. The city plans to distribute a staggering 700,000 digital yuan tokens and coupons for the festivities, signaling a significant step forward for the country’s central bank digital currency (CBDC) pilot program. To infuse an element of … Read more Changzhou, China, is gearing up for an exhilarating citywide shopping festival that promises to captivate residents and visitors alike. The city plans to distribute a staggering 700,000 digital yuan tokens and coupons for the festivities, signaling a significant step forward for the country’s central bank digital currency (CBDC) pilot program. To infuse an element of luck and tradition into the celebrations, Changzhou will adopt a familiar concept: the “lucky red envelopes.” Historically associated with offline Christmas gifts, these digital counterparts…

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