BTC Trunk – Telegram
BTC Trunk
134K subscribers
625 photos
43 videos
736 links
We post useful materials on a free basis in the world of cryptocurrencies.

👉 Admin: @jonnesnow
Download Telegram
💸 US Court Orders Collapsed BTC Investment Firm to Pay Over $1.7 Billion in Restitution for Forex Fraud

🌟 A United States Federal Court Judge has ordered the collapsed bitcoin investment platform Mirror Trading International to pay over $1.7 billion in restitution. Commodity Futures Trading Commission director of enforcement Ian McGinley said the CFTC will not hesitate to go after fraudsters who target U.S. citizens. The Commission again warned that court rulings are not a guarantee that victims will recover all their funds.

💲 United States Federal Court Judge David A. Ezra recently ordered the now-defunct South African bitcoin investment platform Mirror Trading International (MTI) to pay over $1.7 billion in restitution. The order, which stems from the Commodity Futures Trading Commission’s (CFTC) June 2022 complaint, was issued after the judge determined that MTI had committed forex fraud.

➡️ According to the Commission’s Sept. 7 press statement, MTI, which is presently in liquidation, was also found liable for “registration violations and failure to comply with CPO [commodity pool operator] regulations.” Meanwhile, the statement further revealed that Judge Ezra’s order had resolved the CFTC’s case against MTI.
Please open Telegram to view this post
VIEW IN TELEGRAM
🌟 Decentralized Exchange Sushi Ventures Beyond Ethereum by Expanding to Aptos

⚡️The decentralized crypto exchange Sushi is expanding to the Aptos blockchain. The team noted that the move marks Sushi’s first expansion onto a non-EVM blockchain.

📝 Sushi is a decentralized exchange (dex) and automated market maker (AMM) built on the Ethereum blockchain. It allows users to trade crypto assets and provide liquidity in return for rewards. Launched on August 28, 2020, The dex also has a native governance token called SUSHI.

💬 According to the announcement, “This expansion to Aptos not only unlocks a new level of deep liquidity across major blockchain networks but also significantly elevates the cross-chain trading experience.” Sushi’s team insists the decision will strengthen its leading cross-chain position by spreading to Aptos.

➡️ Sushi was once a top dex but volume has dropped considerably over the past few years. Defillama statistics show that the dex platform has $347.23 million total value locked across various protocols. Sushi’s TVL has also lost a great deal of value since November 2021, after holding more than $8 billion.
Please open Telegram to view this post
VIEW IN TELEGRAM
🚀 Claim incredible prizes on the Metatrace Quest-Platform and increase your profits!

Register
on Quest-Platform for free! Follow easy steps, do simple quests and claim cryptocurrency!

MetaTrace care about members and provide various opportunities:

➡️ Receive jaw-dropping prizes like NFTs and tokens, collect them and join the ranks of testers of application!
➡️ Win valuable prizes, sell them on MetaTrace Market and instantly earn real cryptocurrency!

Join the community to know more & win tokens and NFTs from different collections to get access to the closed app testing!

👉 https://news.1rj.ru/str/+taAfis4RbnpjYzEy
Exclusive Opportunity for Visionary Investors!

About TaskChain.co
TaskChain is at the forefront of the Web3 movement, developing a platform that not only rewards users but also promises to reshape how we perceive day-to-day tasks. By integrating GameFi elements, we're transforming mundane activities into exciting and beneficial journeys.

The TaskChain Ecosystem:
⁉️Quest2Earn: Embark on Quests (tasks) and get rewarded.
💼Work2Earn: Discover work-from-home opportunities.
💰Compete2Earn: Challenge, compete, and claim your rewards.

Why TaskChain is Your Next Big Move?
USDT flow: Our concept operates with real businesses who pay for Quests passing in stablecoins. That means - no investment locks and real financial traffic.
Early Advantage: Investors benefit from a special discount during the ICO.
Pioneering Vision: TaskChain has the potential to emerge as a leader in the Web3 earning universe, setting new standards and benchmarks.
Diverse Earning Opportunities: With features like Quest2Earn, Work2Earn, and Compete2Earn, users have multiple avenues to earn.
Transparent & Trustworthy: Unwavering commitment to operational and financial transparency, backed by a full security audit and KYC, ensures utmost trust.

Join the ICO here 👉:https://www.taskchain.co/
Whitepaper 👉 https://taskchain-whitepaper.tiiny.site/
Discord and Telegram 👉 https://discord.gg/WtxKZ6f4mn / https://news.1rj.ru/str/taskchain_community
⚡️ Yellow Card’s Partnership With Moonpay Set to Enhance Nigerian Users’ Crypto Trading Experience

🟡 Yellow Card, the Africa-focused crypto exchange, recently said it had joined forces with Moonpay in an arrangement which is expected to help “enhance the crypto purchasing experience for Nigerians by leveraging local bank transfers.” According to Uzoma James, Yellow Card’s West Africa regional manager, the partnership is expected to “make crypto trading easy, intuitive, and available to all.”

➡️ The Africa-focused crypto exchange Yellow Card recently said it had established a working arrangement with Moonpay whose objective is to “streamline and enhance the crypto purchasing experience for Nigerians by leveraging local bank transfers.” Yellow Card and Moonpay believe the partnership will help transform Nigeria’s cryptocurrency accessibility landscape which in turn would make it more user-friendly.

In its Sept. 12 press release, Yellow Card said the arrangement will allow Nigerian users “to engage in peer-to-peer crypto transactions with unprecedented ease.” The exchange added that by leveraging local bank transfers, users are able to overcome obstacles which complicate the purchase of cryptocurrencies via banks.

🟡 For his part, Ivan Soto-Wright, the co-founder and CEO of Moonpay, claimed that by supporting local bank transfers his firm and Yellow would help to unlock “immense opportunities for crypto users.”
Please open Telegram to view this post
VIEW IN TELEGRAM
💬 ‘The State Destroys Wealth’ — Javier Milei on Argentina’s Inflation Crisis

🔴 Argentina faces hyperinflation, with the annual inflation rate at its highest since the early ’90s. The country’s general election is set for next month, and economist Javier Milei is projected to win by a wide margin. In a recent interview with Tucker Carlson, Milei attributed Argentina’s hyperinflation to the failures of socialism.

📣 On September 14, 2023, Carlson posted an interview on the social media platform X with Argentine economist, businessman, and politician Javier Milei. The La Libertad Avanza political coalition leader discussed inflation and other topics, including abortion and climate change, with the former Fox News anchor. Milei pointed to socialism and the state for the country’s economic woes.

⚫️ Milei said that while socialism initially seemed appealing in Argentina, it’s a flawed economic system. He described a socialist system as: “If there’s a need, there’s a right.”

The conflict is easy to resolve, through economic freedom and private property. This is a natural mechanism to resolve this tension in society. But socialists don’t much like the invisible hand; they prefer the claws of the state.

Argentina’s general election is set for October 22, 2023, and a major political shift is anticipated.

💬 In his conversation with Carlson, Milei stressed, “The state does not create wealth, the state destroys it.” The politician ardently champions the virtues of free markets, asserting that the non-aggression principle is the optimal path for the well-being of Argentine citizens.
Please open Telegram to view this post
VIEW IN TELEGRAM
🚀 Step into the gaming future with Vave Platform! 🎮

Enjoy 100% cashback on your first crypto-sports bet deposit as a new player. Register using promo code TRUNK during registration to unlock premium slot machines and live gaming. 🎰🎲

🔥 But that's not all! Don't miss the #VaveCommunity 2nd Season at http://Zealy.io ending on September 25th for a chance at the $1250 prize!

Explore quests, rewards, and exhilarating challenges waiting for you. Join now!

💎 Stay up to date with all the offers at @vave_official
🔔 ‘Lack of Finality’ — Single Mining Pool Commands 53% of Zcash’s Hashrate

➡️ Recent data shows a single mining pool controls more than 53% of the hashrate for the cryptocurrency network Zcash. On September 19, 2023, the crypto mining pool Viabtc had 4.2 giga solutions per second (GSol/s) of Zcash’s total 7.84 GSol/s hashrate. Electric Coin Co., which oversees the Zcash project’s codebase, acknowledged the issue Tuesday, citing a “lack of finality.”

📝 In the PSA, Coinbase detailed the prevailing issue and mentioned its direct engagement with the Zcash team. To safeguard customer assets from potential issues, Coinbase took measures including shifting its Zcash markets to a “limit-only state.”

💬 Following the release of the blog post, Electric Coin Co. (ECC) took to social platform X to address the PSA. “ECC is aware of this issue, and we’ve had conversations with Coinbase, Viabtc, Zcash’s security lead, and [Zcash Community Grants],” ECC stated. Emphasizing Zcash’s decentralized nature, the team pointed out that, “Zcash is a decentralized, open-source network with no ‘lead developer,’ no ‘issuer,’ and no org that controls it.”

🗣 ECC underscored the crux of the issue: finality. The company explained, “the problem is caused by a lack of finality, which affects all proof-of-work blockchains.” The firm’s proposed solution? “Our Trailing Finality Layer (TFL) proposal is intended to fix that by providing finality for Zcash.” Further, ECC highlighted a shift to proof-of-stake (PoS) as a beneficial move for Zcash, tagging it as one of their “top four priorities.”
Please open Telegram to view this post
VIEW IN TELEGRAM
🌟 Coin shares Unveils New Crypto Hedge Fund Division, Widens Institutional Services to US

➡️ Coin shares, a European digital asset manager, is moving into the U.S. with a new hedge fund division aimed at institutional investors. The firm, based in Saint Helier, Jersey, intends to offer comprehensive services for institutions exploring crypto assets.

⚫️ The company revealed its new branch, Coin shares Hedge Fund Solutions, signifying its foundational emphasis as a crypto-centric hedge fund manager. Lewis Fellas, an asset manager with more than two decades of experience, including seven years in the digital assets sector, will lead this division.

⚫️ The press release highlights the merger of Coinshares‘ ten years in crypto with the expertise the team has developed from proprietary trading since 2016. The firm holds that this experience equips it to produce competitive products comparable to those of mainstream financial entities.

⚫️ Registered as a broker-dealer with FINRA, Coinshares will introduce the hedge fund offerings to eligible U.S. investors. The company noted in its release, “The long-awaited return of interest rate-driven volatility is a great opportunity that we plan to capture with our novel fund products.”
Please open Telegram to view this post
VIEW IN TELEGRAM
📣 Marathon CEO Fred Thiel Warns About Fed Losing Its Weapons to Fight Inflation During Upcoming Period of Fiscal Dominance

Fred Thiel, CEO of Marathon Digital Holdings, a Nasdaq-listed Bitcoin mining company, has warned about the future of the U.S. economy and the consequences of the Federal Reserve’s current monetary policy. Thiel noted the possibility of an upcoming period of fiscal dominance, in which the Federal Reserve would have fewer weapons to fight inflation.

➡️ Fred Thiel, CEO of Marathon Digital Holdings, a publicly listed Bitcoin mining company, discussed challenges the Federal Reserve might face in its battle to tame inflation. Thiel stated that the U.S. economy might be close to entering a period of fiscal dominance, which would affect the efficiency of the methods that the Fed has to battle inflation and take it to a self-imposed goal of 2% yearly.

⚠️ According to Thiel, this fiscal dominance period, which occurs when the increasing debt and deficit levels become sufficiently high that monetary policy ceases to be an effective tool for controlling inflation, would result in the Fed having “few tools” to battle this phenomenon that still has not been contained.

⚫️ Thiel bases his remarks on the levels of interest payments as part of government revenues and the levels of outstanding Treasuries by maturity dates, which “need to be refinanced in addition to issuance of additional debt to cover interest payments and deficit spending.”

💲 Thiel is not the only one who has recently alerted about the possible effects of the high spending and rampant money printing in the U.S. economy, that might lead to a difficult fiscal situation in the upcoming years.
Please open Telegram to view this post
VIEW IN TELEGRAM
👁‍🗨 US Spy Agency Plans to Launch Generative AI Tool to Amplify Intelligence Gathering

🪖 Reports indicate that the U.S. Central Intelligence Agency is poised to unveil a generative artificial intelligence (AI) tool, akin to Openai’s Chatgpt, to significantly enhance investigative efforts. Randy Nixon, the head of the CIA’s Open-Source Enterprise division, explained that this innovation will empower users to effortlessly trace back to the original sources of the information they are amassing.

⚫️ This tool, will remain off-limits to U.S. bureaucrats and the general populace, with Nixon emphasizing its stringent adherence to privacy laws.

🔊 “We’ve gone from newspapers and radio, to newspapers and television, to newspapers and cable television, to basic internet, to big data, and it just keeps going, Nixon told Bloomberg on Thursday. “We have to find the needles in the needle field.”

Nixon added:

🔊 The scale of how much we collect and what we collect on has grown astronomically over the last 80-plus years, so much so that this could be daunting and at times unusable for our consumers.

⚫️ In the span of the past eight months, generative AI has soared to prominence, with dominant players raising billions of dollars to propel this technology forward. It has seamlessly integrated into various sectors of society, including the realms of finance and the burgeoning cryptocurrency ecosystem. Yet, the ascent of this technology has bureaucrats and regulators on edge, prompting plans to institute regulations.
Please open Telegram to view this post
VIEW IN TELEGRAM
🔷 Vaneck Pledges 10% of Ethereum ETF Profits to Fuel ETH Core Development

🌟 On September 29, 2023, the asset management firm Vaneck unveiled an initiative to earmark 10% of its profits from its ethereum (ETH) exchange-traded fund (ETF) towards protocol development for at least ten years. This financial infusion will be given to the Protocol Guild, a consortium of over 150 core Ethereum developers, fueling their quest to further refine and grow the Ethereum protocol.

💻 The Protocol Guild encompasses over 150 Ethereum core developers, with an onchain registry bearing testimony to its membership. This guild is steered by the vision to “boost the incentives around stewarding the core protocol.” Vaneck accentuates that core developers have played pivotal roles in propelling crucial updates such as The Merge and Shanghai.

💸 The firm underscored that should traditional finance (tradfi) reap benefits from the endeavors of Ethereum development, it’s only fitting that Tradefi reciprocates by giving back.

➡️ Vaneck’s Ethereum-centric ETF, brandishing the ticker “EFUT,” operates as a cash-settled futures fund, capitalizing on futures traded over the Chicago Mercantile Exchange (CME). Yet, it has lodged a filing for a physically-settled ether ETF, in tandem with its spot bitcoin ETF submission. Not to be outdone, Ark Invest and 21shares have also cast their bid into the ring, aiming to launch a physically settled ETH exchange-traded fund with regulatory approval.
Please open Telegram to view this post
VIEW IN TELEGRAM
⚡️ Crypto Tycoon SBF in the Dock: Jury Selection Extended; Hearing Reveals Financial Carnage

➡️ A day earlier, on Tuesday, Sam Bankman-Fried (SBF) appeared in the courtroom sporting a considerably shorter haircut and accompanied by his legal counsel. Various media outlets reported on the jury selection and voir dire, including an extensive X thread from Matthew Russell Lee’s Inner City Press publication. Judge Kaplan and the court aim to select a total of 12 jurors and approximately six alternates, hoping to complete the process on Wednesday.

💸 Lee’s coverage of Tuesday’s hearing revealed that several prospective jurors mentioned losing money in cryptocurrencies. One potential juror claimed their company invested in FTX and Alameda Research, experiencing financial losses. Another person stated their fiancé lost money investing in crypto assets, while a third individual worked for Signature Bank, which financed FTX transactions, according to Inner City Press.

One possible juror expressed concern that the case involved the death penalty and stated they could not participate if the punishment was so severe. Judge Kaplan reassured the juror that the death penalty would not be applicable in this legal matter. Over 70 prospective jurors were questioned by the judge and attorneys, leaving an estimated 50 candidates remaining to finalize the selection of 12 jurors and six alternates.
Please open Telegram to view this post
VIEW IN TELEGRAM
🔔 Tesla CEO Elon Musk Predicts ‘Comprehensive Overhaul’ of SEC With 100% Probability

➡️ Tesla and Spacex CEO Elon Musk has called for a thorough overhaul of regulatory bodies, including the U.S. Securities and Exchange Commission (SEC).

⚫️In response to X user Mario Nawfal, who shared the news of Musk being sued by the SEC, the Tesla CEO wrote:

A comprehensive overhaul of these agencies is sorely needed, along with a commission to take punitive action against those individuals who have abused their regulatory power for personal and political gain. Can’t wait for this to happen.

❗️ Moreover, another X user asked Musk: “Will it ever happen?” The billionaire replied: “I estimate the probability at 100%”

➡️ On Thursday, the SEC announced that it had filed a subpoena enforcement action against Musk. The regulator is seeking a court order to compel the Tesla boss to attend an investigative testimony concerning his purchase of Twitter.

Musk has frequently voiced his disapproval of the SEC. During a December 2013 interview with “60 Minutes,” he clarified that he adhered to the settlement agreement with the SEC out of respect for the justice system. He stressed at the time: “I do not respect the SEC. I do not respect them.”
Please open Telegram to view this post
VIEW IN TELEGRAM
🪙 Binance CEO Changpeng Zhao Shares Thoughts on Bitcoin Halving

➡️ Changpeng Zhao, founder and CEO of Binance, one of the largest cryptocurrency exchanges, has recently shared his thoughts about the events leading to the Bitcoin halving, when the reward given to Bitcoin miners for mining new blocks gets cut in half.

CZ details that one year after the halving, bitcoin prices will reach new all-time highs (ATH), and people will still look for a reason for this development.

🖥 For Zhao, the halving is a significant event for the cryptocurrency market. Zhao reported that he already added a Bitcoin halving countdown to Binance’s homepage.

👍 Zhao is not the only one who believes that the halving will spur an increase in bitcoin prices due to the reduction of the bitcoin available on the market and other factors.
Please open Telegram to view this post
VIEW IN TELEGRAM
🆕 New Documentary Exposes the Turbulent Downfall of FTX and Sam Bankman-Fried

➡️ Bloomberg is gearing up to unveil one of the first documentaries delving into Sam Bankman-Fried (SBF) and FTX’s saga. This Bloomberg Originals production casts a spotlight on the “dramatic downfall of his cryptocurrency enterprise.”

🟡A trailer, just over two minutes, has also made its debut on October 13. This unveiling coincides with SBF navigating the treacherous waters of his New York trial, where he confronts testimonies from former allies like Caroline Ellison and Gary Wang.

📝 These former associates have painted a damning picture, alleging SBF directed them into fraudulent activities and greenlit Alameda’s mingling with FTX’s client funds. Amidst this media frenzy, acclaimed “Big Short” author Michael Lewis is on a promotional spree for his latest offering, “Going Infinite: The Rise and Fall of a New Tycoon.”

🟡Lewis’s tome, despite its completion, hasn’t been spared from criticism. Especially contentious was his claim on “60 Minutes” that FTX “actually had a great real business.”

🟡Such assertions starkly clash with the recent testimonies of Ellison and Wang. Nonetheless, with all these biopics coming, audiences are in for a whirlwind tale encompassing vast fortunes, hedonistic indulgences, polyamorous relationships, and layers of deceit.
Please open Telegram to view this post
VIEW IN TELEGRAM
Our friends at Bets.io are holding yet another amazing giveaway, and this time it’s bigger, badder and radder! Yeah, you heard it right — this time it’s five iPhones 15 Pro 256 GB and twenty five $200 cash prizes! 🎉

Entering it is a piece of cake 🎂 :

1. First, you gotta have a Bets.io account
2. Then, subscribe to their Telegram channel — you don’t want to miss this kind of events, duh 😉
3. Send their Telegram bot a message and follow the instructions

And you are golden — all you have to do now is wait until October 31st ⌚️

As for additional conditions: no double entry, only legit accounts and if we can’t send you the iPhone, we’ll provide its cash equivalent. 🎁 All the cash prizes will be credited to your account.

Good luck and have fun at Bets.io! 🍀
Don't look for a broker anymore!

ForexChief with 24/7 English support through Website, Telegram, and WhatsApp, as well, has an English Telegram Group for discussion and signal exchanging. It also offers the following services:

🎁 $100 No Deposit Bonus (limited)

💵 Up to $500 Welcome Bonus (Double your deposits!)

💰Trading credits (up to 70% credit per deposit)

🏦 $1000 bonus for PAMM accounts (for professional traders)

💳 Various deposit and withdrawal methods as Crypto, Perfect Money, Local Bank Transfers, etc.

🧮 The narrowest spreads, including Cashback in MT4 and MT5

And dozens of other special services...

For more information, join the ForexChief English group👇
https://news.1rj.ru/str/xChief_English

Exclusive registration link to receive free $100 bonus and other services:👇
https://pro.cxchief.com/d36640
🖱Bitcoin, Ethereum Technical Analysis: BTC Bulls Secure Gains, Following a Recent Multi-Month High

🪙 Bitcoin

Bitcoin bulls consolidated recent gains on Wednesday, as traders appeared to be capturing profits following recent highs. BTC/USD edged to a low of $28,172.91 earlier in today’s session, which comes a day after a high of $28,889.01.

Today’s price consolidation comes after the world’s largest cryptocurrency rose to as high as $30,000 earlier in the week. Looking at the chart, the decline comes as the 14-day relative strength index (RSI) maintains its position marginally above a floor at the 62.00 level.

As of writing, the index is tracking at a reading of 62.28, after a failed breakout from a resistance of 65.00 on Monday. Price may continue to consolidate until either the aforementioned floor or ceiling is broken.

🔷 Ethereum

Ethereum (ETH) made slight gains on hump-day, as it continued to hover around the $1,580 mark. Following a low of $1,554.40 on Tuesday, ETH/USD climbed to an intraday peak of $1,584.73 during the day.

Earlier gains have since eased, with ethereum now trading at $1,577.40, with short-term bulls still targeting the $1,600 zone. This may be difficult to achieve as momentum appears to be bearish, with the 10-day (red) moving average continuing to trend downwards.

Whilst at a reading of 45.75, a ceiling awaits ETH’s price strength at the 49.00 zone, and should it move beyond this, there will likely be an influx of bulls.
Please open Telegram to view this post
VIEW IN TELEGRAM
🇺🇸 US Chamber of Digital Commerce Backs Binance, Urges SEC to Drop Lawsuit

Founded in July 2014 by Perianne Boring, the U.S. Chamber of Digital Commerce is a Washington, D.C.-based trade association and advocacy group that promotes crypto assets and blockchain technology. On October 19, the group filed an amicus brief backing the world’s largest crypto exchange by trade volume, Binance.

💬 In the brief, the Chamber stressed the importance of maintaining clear jurisdictional boundaries, cautioning against an overreach of the SEC’s authority. Extending U.S. securities law into areas unrelated to securities markets, they argue, could have unintended consequences for various sectors of the U.S. economy.

The crypto advocacy group wrote:

The SEC is suing the equivalent of a grocery store selling oranges and other fruit, or an online e-commerce marketplace, like Amazon. Tokens alone are not securities, and the markets where they are available to buy and sell are not securities exchanges.

➡️The brief underscored the pressing need for a transparent regulatory framework for digital assets. Echoing Senator Cynthia Lummis‘ sentiments, the Chamber emphasized that Congress should provide unambiguous guidance to foster innovation while ensuring consumer protection.
Please open Telegram to view this post
VIEW IN TELEGRAM
🎲 TG.Casino: The World's No 1 Telegram Casino 🎲

Enjoy licensed, safe, and anonymous crypto gambling.

$TGC Presale: Staking during presale is LIVE. First phase is nearly complete so no better time than now to buy at lowest possible price. Presale buyers can also wager $TGC in the casino NOW and enjoy 25% cash back on all losses when wagering $TGC.

🚀 Why Choose TG.Casino?

Crypto Casino Boom: Valued at $250M and growing, crypto casinos are a rising force in the $263B global market.

Game Diversity: From slots to sports betting, we have it all.

TG.Casino: Leading the next wave of online gaming. Optimized for 1B Telegram users with a mobile-first design. Also available in the US!

👉Sign up here: https://news.1rj.ru/str/tgcasinoofficialbot?start=TGwin👈

Website: https://tg.casino/
Twitter: https://twitter.com/TGCasino_

🤩🚀 Don't wait! Join the world's best crypto casino TODAY! 🤑