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2024-05-05

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The 37xDubai art gallery, which will be opened to the public later in October, aims to educate artists and art aficionados on nonfungible tokens (NFTs) and the broader Web3 ecosystem through workshops held in the gallery after its official launch. Cointelegraph sat down with Danilo Carlucci, the founder of investment firm Morningstar Ventures and 37xDubai, which is based in the Dubai International Financial Centre (DIFC). Carlucci spoke about its goals with the new art gallery and why it is diving into NFTs and Web3 despite the conditions of current markets. First look at where NFTs will be displayed at the 37xDubai gallery. Source: 37xDubaiCarlucci says the gallery is “an effort to bridge art and technology in one place.” Being a more traditional venture capital fund, the executive said the art gallery is Morningstar Venture’s way to diversify into the more creative digital art and NFT space. He said: “We have various different types of digital arts, but we also have NFTs displayed. We don’t just sell these specifically handpicked NFTs, but we also educate the people who are visiting our gallery about what NFTs are.” Apart from displaying NFTs inside the gallery, the 37xDubai founder also highlighted that it is using NFTs that are inspired by its Tree of Life art installation as a membership token. Carlucci in conversation with Cointelegraph’s Ezra Requerra. Source: Cointelegraph The executive said it will also support events and various workshops around the adoption of Web3 technology. He said the project has advisers from Binance NFT and Binance Charity who will help it with these endeavors. Related: First look at the Bitcoin Tower in Dubai: Dev shares initial designWhen asked why it’s diving into NFTs, given the sentiments and data showing that NFT market prices are not what they used to be, Carlucci expressed his belief in the technology and explained why these NFTs in the gallery would be different. He said that while it’s not an NFT-only gallery, it does “believe in NFTs.” He also highlighted that the NFTs in the gallery have a different goal to those created by tech companies.The Tree of Life art installment at the 37xDubai art gallery. Source: 37xDubai“For the artists that we work with and we handpick. The incentive is creative. They want to make something creative, and they just happen to use blockchain technology for authentication purposes and for maybe sometimes the creative purpose, but the incentive is always creative,” he explained.Magazine: Pioneering generative artist propelled by personal tragedy — Matt Kane, NFT Creator Sui Chung: The discourse is happening within the four walls of the SEC. That's where the discourse is happening, and the comments, they do read them. They will become sort of agenda items within that internal discourse within the SEC. That's kind of how it works. Best App For Crypto Trading In IndiaWith the vast amount of data TRON processes, the recent inclusion of TRON into Google Cloud's BigQuery public datasets enables users to analyze on-chain transaction histories seamlessly. This deep dive allows for the assessment of TRON's token flows, smart contract interactions, and overall user engagement, all without the need for individual nodes or indexers. “What you’ll be able to do with CCTP when it’s live is you’ll be able to send it to a burn address on Ethereum, where Circle’s API is watching and will issue an attestation of burn that gets relayed to the destination chain,” Coolican said.

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Allegations against Tron and Ethereum, suggest links to criminal activities and the Chinese Communist Party. / Photo by Angelov on Adobe StockYesterday, an online investigator, known by the X username @BoringSleuth, released allegations against cryptocurrencies Tron and Ethereum, suggesting links to criminal activities and the Chinese Communist Party (CCP). The revelations come amidst growing scrutiny of China's role in the crypto sector and ongoing investigations by regulatory agencies. While the crypto market is no stranger to controversies, the gravity of these allegations is bound to have important repercussions.@BoringSleuth's Explosive Findings on TronIn August, @BoringSleuth accused Tron of being a Ponzi scheme, alleging that it is controlled by one of the world's largest criminal drug cartels. According to the investigator, 17 out of the top 20 Tron wallets were created and owned by this criminal organization, which is purportedly connected to the CCP. Astonishingly, these wallets hold 98% of Tron's total token supply.Yesterday, the United States Department of Justice sanctioned eight companies linked to the CCP for running a secretive drug network focused on Fentanyl. More than half of the crypto wallets owned by these companies were traced back to Tron.Ethereum Also Under The LensThe investigator didn't stop at Tron; he also threw Ethereum into the fray. According to @BoringSleuth, Ethereum, the world's second-largest cryptocurrency, may have some connections with the CCP and companies involved in drug trafficking.The allegations are particularly concerning because of Ethereum's prominence in the crypto ecosystem. Ethereum is not just a cryptocurrency; it's a platform for decentralized applications, and many other cryptocurrencies are built on its blockchain.The investigator extended his claims to include other players in the crypto industry. He mentioned that cryptocurrency exchanges like Huobi Global and even other cryptocurrencies like Shiba Inu might have CCP connections. This could add another layer of complexity to ongoing regulatory discussions and investor confidence in the crypto sector.What These Allegations Mean for the Crypto IndustryWhile these allegations are still unconfirmed, they add to the growing concerns around the integrity of cryptocurrencies. Regulatory bodies have been increasingly vigilant, and this could be the tipping point for more stringent regulations in the crypto space. Investors are likely to proceed with caution until more concrete evidence is provided to either substantiate or refute these claims.The recent allegations against Tron and Ethereum could serve as a catalyst for an industry-wide introspection on the ethical and legal standing of cryptocurrencies. Although the crypto market has long been mired in controversies, the severity and breadth of these new claims are likely to usher in a period of increased scrutiny and potentially, regulatory overhaul. US SEC's Ethereum ETF Approval Officially Confirms Its Non-Security Status, Says Former CFTC Chairman A Gateway to Blockchain Interoperability Henry A. FernandezMoreover, in September, BeInCrypto also theorized that BTC market cycles were not linked to halving events. Read more: Gensler: Bitcoin is not a security, but tokenized Pokemon cards may be

Around 10:30 pm ET on November 11, Ramanathan set up a new wallet on his Ledger Nano. Every precaution was taken, with Ramanathan meticulously verifying the password. As funds were transferred, Ramanathan was responsible for safeguarding between $400 and $500 million in FTX’s crypto assets on his USB drive. Risk of Cloud Mining Which coin will boom in 2024?When asked whether the estimated price level would stick, Hayes agreed that a 70% to 90% drawdown would occur in BTC price, just like it has after each bull market. While the study found that the number of individuals who face challenges that could exclude them from the traditional financial system is larger than previously assumed, it explains that these findings “serve to inform the design of future digital payment products and services and CBDCs.”

Mixin is engaging with both Google and blockchain security firm SlowMist to aid in the ongoing investigation. Large Bitcoin Holders Have Been Active Best Crypto Exchanges in the UK 2023The cryptocurrency mining industry is currently struggling with historically low hash prices. Hash price expresses the expected revenue per petahash per second of hash capacity of a miner. This downturn is putting great pressure on miners around the world, forcing them to rethink their strategies and adapt to the changing environment. According to another account of the trial, Wang said he met with government officials 18 times. The first two meetings were with agents of Justice Department, Federal Bureau of Investigation, Securities and Exchange Commission and Consumer Financial Protection Bureau, and he told them that Bankman-Fried’s Nov. 7 tweet, “FTX is fine. Assets are fine,” was true.

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