Hey Guys,

Have you ever wondered where digital ID, CBDCs, smart cities, and other dystopian ideas are coming from? No, it’s not the World Economic Forum – it’s an even bigger organisation. Believe it or not, it seems to be the United Nations.

This is because of the Sustainable Development Goals or SDGs which are supposed to be met in basically every country by 2030. This is why you see that date everywhere, and also why you need to pay attention to what the UN is doing.

Recently, the UN released a report about a ‘Global Digital Compact’ that’s expected to be signed by just about every country in the next year and a half. What it prescribes is a tad terrifying, and this is just one of the many SDG agendas the UN is working on.

This is one you don’t want to miss!

?? COIN BUREAU NEWSFLASH! – (02/07/23)
Here are some of today’s most important headlines:

1️⃣ Hong Kong Is 'Embracing' Web3 with New Task Force ?

Hong Kong has reportedly established a task force made up of a diverse group of industry and government officials dedicated to promoting and supervising the progress of Web3 in the region. The task force, which is led by Hong Kong’s financial secretary, Paul Chan, will operate for two years to further its mission.

Chan stated,

“Hong Kong is an international financial centre and a metropolis attaching importance to innovation and technology, embracing the megatrend of Web3 development.” Adding, “With the Task Force bringing together leaders and professionals in the sectors involved, I believe their valuable advice will help Hong Kong develop into a Web3 hub."

https://decrypt.co/147003/hong-kong-is-embracing-web3-with-new-task-force

2️⃣ Bittrex Challenges SEC’s Authority in Crypto Lawsuit, Seeks Dismissal ⚖️

According to recent court filings, crypto exchange Bittrex has submitted a motion to dismiss the lawsuit filed by the United States Securities and Exchange Commission (SEC). Specifically, Bittrex argued that the SEC did not have the authority to regulate cryptocurrencies as securities unless explicitly granted by Congress. Notably, Bittrex aligned its arguments closely with those made by Coinbase in its case against the SEC.

https://cointelegraph.com/news/bittrex-challenges-sec-authority-crypto-lawsuit-seeks-dismissal

3️⃣ Poly Network Attacker Issues “Worthless” Billions in SHIB, BNB, BUSD in Latest Crypto Hack ❗️

Earlier today, hackers reportedly issued tokens worth billions of dollars after exploiting a smart contract function in cross-chain protocol PolyNetwork’s bridge tool. Specifically, the attacker minted 24 billion BUSD and BNB on the Metis blockchain, 999 trillion SHIB on the Heco blockchain, and millions of other tokens on various other networks, such as Avalanche and Polygon.

This cumulatively brings the total value of minted tokens held by the attackers’ wallet to over $42 billion. However, a lack of liquidity for certain tokens due to quick action taken by the PolyNetwork developers ensure the attackers are unable to monetise the gigantic token stash that was minted.

https://www.coindesk.com/tech/2023/07/02/polynetwork-attacker-issues-worthless-billions-in-shib-bnb-busd-in-latest-crypto-hack

4️⃣ Vitalik Buterin Declares He Is Not Staking All of His ETH, Merely A ‘Small Portion’ ?

In a recent Bankless podcast, Ethereum co-founder Vitalik Buterin revealed that he does not stake all of his ETH due to multisignature wallets being “complicated in a bunch of ways.”

Specifically, Buterin stated,

“Because if you stake your ETH, the keys that access it have to be public on a subsystem that is online. For safety, it has to be a Multisig. Multisig for staking is still fairly difficult to set up; it gets complicated in a bunch of ways.”

Crypto Twitter has been buzzing with discussion on the revelation, with Cardano founder Charles Hoskinson cheekily drawing a comparison between the rival blockchains by stating that he stakes all his ADA as “that's how it's supposed to be for a properly designed Proof of Stake protocol”.

https://cointelegraph.com/news/vitalik-buterin-declares-not-staking-all-eth-a-small-portion

Hey Guys,

FedNow is about to be released and I know you have heard a lot of conflicting things about it. We have also been frustrated about the lack of quality info around the topic.

That’s why my team and I took it upon ourselves to provide an in-depth video about this important technology. As it turns out, many of the concerns about FedNow are justified, as is opposition on the grounds that it could become a CBDC.

When you actually listen to what Fed officials have said about FedNow since they first started developing it in 2013, you start to realise that the conspiracies barely scratch the surface of this rabbit hole.

That’s why we went all the way down.

Enjoy.

Hey Guys,

I’m back at the Coin Bureau HQ with another weekly crypto review!

It’s been a very green week, so it’s safe to say that I’m feeling well rested after my ‘vacation’. As always, investors seem to have missed a few other important headlines.

For starters, Ethereum developers are discussing some upgrades that could affect its blockchain’s decentralisation. Concerns are also starting to arise about some other stablecoin issuers. Blackrock’s spot Bitcoin ETF application could also be a bearish sign.

In the middle of all of this, meme coins have been popping off, as well as Bitcoin forks. This makes sense, but it presents a mixed picture for what we can expect this week. Be sure to stick around until the end to see where the top performing cryptos are headed next.

Enjoy!

?? COIN BUREAU NEWSFLASH! – (26/06/23)
Here are some of today’s most important headlines:

1️⃣ Token Issuers in Japan Exempt From 30% Crypto Tax on Paper Gains ??

Japan’s National Tax Agency has reportedly partially revised its corporate tax guidelines. The new tax rules provide token issuers with an exemption from paying corporate taxes on unrealised crypto profits. The ruling Liberal Democratic Party has stated that it expects the changes to make it “easier for various companies to do business that involves issuing tokens.”

https://cointelegraph.com/news/token-issuers-in-japan-exempt-from-30-crypto-tax-on-paper-gains

2️⃣ Bored Ape Yacht Club NFT Prices Plunge as Machi Big Brother Makes Major Moves ?

The floor price of Bored Ape Yacht Club NFTs has fluctuated quite a bit over the weekend. According to data from the NFT marketplace ‘Blur’, this is largely in part due to a series of transactions made by Jeffrey Huang, also known as Machi Big Brother. Specifically, Huang made a flurry of Bored Ape sales and purchases. In total, Huang sold over 50 Apes over the past couple of days, with one transaction alone accounting for the sale of 19 Apes for 651 Ethereum on Blur.

https://decrypt.co/146137/bored-ape-yacht-club-nft-prices-plunge-machi-big-brother

3️⃣ NEAR Foundation Partners With Alibaba Cloud to Accelerate Web3 Growth in Asia ?

The NEAR Foundation, the non-profit behind the ecosystem development of the NEAR protocol, has reportedly partnered with Chinese tech giant Alibaba Cloud to accelerate Web3 growth in Asia and the Middle East.

The partnership will allow developers that want to launch new NEAR validators to do so with Alibaba Cloud’s "plug-and-play" infrastructure as a service. This is also expected to attract more developers to build on the NEAR protocol as the partnership allows the NEAR Foundation to access Alibaba Cloud's developer ecosystem across Asia and the Middle East.

https://www.coindesk.com/business/2023/06/26/embargo-26th-june-7am-bst-near-foundation-partners-with-alibaba-cloud-to-accelerate-web3-growth

4️⃣ Amazon Is Spending $100 Million to Teach Cloud Customers About AI ?

Amazon Web Services is reportedly investing $100 million to build the AWS Generative AI Innovation Center- a program that will help customers develop and deploy new kinds of artificial intelligence products.

The program will link customers from different sectors including health care, financial services and manufacturing, with company experts in AI and machine learning in order to help them build customised applications using AI technology. A few early users of the innovation centre as highlighted by Amazon include Highspot, Twilio, Ryanair and Lonely Planet.

https://www.bloomberg.com/news/articles/2023-06-22/amazon-is-spending-100-million-to-teach-cloud-customers-about-ai

Hey Guys,

As you know, we like to summarise hearings in congress when they pertain to crypto or macro. The hearing we summarised for today’s video is probably the craziest we’ve summarized so far. It’s basically like all the others combined, x10.

The hearing in question featured Treasury Secretary Janet Yellen. The questions asked and the answers given will make your head spin. By the end of it, all I could think was how I can help all of us prepare for the insanity that was discussed.

ESG regulations, CBDCs, de dollarization, crypto regulations, China invading Taiwan, banking crisis, the list goes on. Of all these factors, the geopolitical ones are probably the most important. I promise they’ll blow your mind.

Enjoy!

Hey Guys,

It’s Monday again, and you know that means – time for another weekly crypto review! Obviously, there were no shortage of macro and crypto catalysts last week. The Fed’s meeting was front and center, and in the end, it decided to pause.

On the crypto side, there were concerns about Binance US’s assets being frozen by the SEC. Thankfully this happens, but the crypto FUD returned just a few days. Tether’s USDT briefly slipped off its peg in anticipation of a series of hit pieces.

The bears were quickly chased out by the bulls when Blackrock announced it had filed for a spot Bitcoin ETF. Given that Blackrock’s track record for getting ETFs approved is practically spotless, it sets the stage of a massive crypto catalyst in the coming months.

Enjoy!

Hey Guys,

A lot of you have been asking me to do a video about what Bitcoin Ordinals NFTs and BRC-20 tokens mean for BTC. If you’re subscribed to my weekly newsletter, you’ll know I’ve been working on it. Let’s just say a few things got in the way.

I’ve finally gotten around to it, and I must say I’m happy with the result. Both innovations could have a profound impact on not just BTC, but also ETH. That’s because they could make Bitcoin and Ethereum more direct competitors.

This is an important distinction to make because competition doesn’t just take place at the level of the asset (BTC vs. ETH, it also takes place at the network level. Bitcoin’s new innovations could mean it takes market share from Ethereum’s network.

This is a video you can’t miss!

Hey Guys,

It’s been another volatile week in the crypto market and I have a feeling that this week will be even worse. That’s because the debt ceiling has finally been raised, meaning the Treasury can start draining market liquidity by issuing new debt.

At the same time, there seems to be lots of FUD flying around about multiple crypto projects and companies, including Ethereum. The FUD that’s been front and center over the last 24 hours is the apparent Atomic Wallet exploit.

If that wasn’t bad enough, the crypto industry itself is starting to feel the slump too. Some of you may recall that there were a bunch of layoffs last year when the crypto market crashed. It’s starting to look like we’re in for another leg of that.

Enjoy, if you can…