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Jack BlockchainJack
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🚀DeFi & Web 3 enthusiasts, gather 'round! The UK's FCA is concerned about the "poor quality" of responses from unregulated overseas crypto firms about the upcoming promotions regime. 🤦‍♂️ But hey, let's focus on the bright side: firms like ByBit, Luno, and PayPal are halting certain services to comply with the new rules. 🎉 🔍The FCA is ready to monitor compliance, with the ability to scan 100k websites daily! Unauthorized ads could mean jail time, so let's hope everyone gets on board. 🚨 🌐 FCA is working with global watchdogs like IOSCO to ensure non-compliant firms are added to alert lists. International cooperation is key! 🤝 🗣️ What do you think about the FCA's efforts? Share your thoughts in the comments! 💬

🚀DeFi & Web 3 enthusiasts, gather 'round! The UK's FCA is concerned about the "poor quality" of responses from unregulated overseas crypto firms about the upcoming promotions regime. 🤦‍♂️ But hey, let's focus on the bright side: firms like ByBit, Luno, and PayPal are halting certain services to comply with the new rules. 🎉

🔍The FCA is ready to monitor compliance, with the ability to scan 100k websites daily! Unauthorized ads could mean jail time, so let's hope everyone gets on board. 🚨

🌐 FCA is working with global watchdogs like IOSCO to ensure non-compliant firms are added to alert lists. International cooperation is key! 🤝

🗣️ What do you think about the FCA's efforts? Share your thoughts in the comments! 💬

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🚀Stand With Crypto, the fast-growing crypto advocacy group, is launching its own Political Action Committee (PAC) to support crypto-friendly candidates in the upcoming elections.💰 Each member can contribute up to $5k, and once the coffers are full, it's donation time! 🎁 👀 The PAC will target candidates who've shown a strong commitment to crypto and blockchain innovation. Unlike other crypto PACs, Stand With Crypto's PAC will make direct donations to the candidates.💼 📣 They've already endorsed a few candidates, including a city councilman in Oregon and a Montana Republican. They've also got a grading system for Congress members based on their crypto friendliness.📊 🎉 It's an exciting time for crypto in politics! What do you think? Who should they endorse next? Let's chat in the comments! #StandWithCrypto #CryptoPAC 🎈
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🚀DOGE lovers, buckle up! Our beloved meme coin is on track for a bullish golden cross, a pattern that last time led to an 8,000% price surge.📈 DOGE's 50-week SMA is heading north, set to cross the 200-day SMA soon. This could mean near-term price momentum outperforming long-term, potentially signaling a bullish trend.🐕💨 But remember, past performance doesn't guarantee future results. Moving average crossovers can be tricky, and meme coins like DOGE are driven by speculation, making them sensitive to global interest-rate expectations.🌍💸 In early 2021, interest rates were near zero, sparking risk-taking in the financial market. Now, with U.S. rates at multiyear highs above 5%, the scenario is different.📊🔮 So, what do you think? Is it late 2020 all over again for Dogecoin? Share your thoughts below!👇 #DeFi #Web3 #DOGE #CryptoNews
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🔥Hot off the press! Kraken's lawyers are playing a high-stakes game of "Not It" with the SEC. They're asking a court to dismiss the SEC's claims, arguing cryptos are more like commodities than securities. 🤔 In a plot twist, they're suggesting that this isn't a courtroom drama, but a congressional debate. 🏛️ They claim the SEC's trying to stretch its jurisdiction like a rubber band, potentially causing a "significant reordering" of financial regulations. 🎢 What's your take? Are cryptos commodities or securities? And should Congress or the courts decide? Drop your thoughts below! 🗨️👇 Meanwhile, we're popping the popcorn and eagerly awaiting the court hearing on June 12. 🍿 Stay tuned! #KrakenVsSEC #CryptoDebate #DeFi #Web3 🚀
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🚀Exiled Russian opposition leader Mark Feygin is launching a blockchain-powered referendum on Putin's election legitimacy. The vote will be conducted on an app, Russia2024, using Rarimo’s Freedom Tool.🔧 😂 Putin won his 5th term as Russian president, labeled as preordained, stage-managed, and a farce. Feygin's effort gives Russians a way to register a "protest vote" against Putin. The results won't end Putin's presidency, but could boost efforts to oust him.🥊 🔒The app uses the Arbitrum blockchain and zero-knowledge cryptography, making voters' identities untraceable. Only holders of Russian passports can vote. Users need to download the app and prove their citizenship by scanning their passports.📲 🗳️ Voting will be open for about two weeks. Backers behind the tool are confident it's a secure way to vote without fear of repercussions. The app was initially removed from the Apple app store but is expected to be back online this Friday.📅 🌍Referendums have been used globally for signaling dissent, passing specific policy, and deciding regional unity. The technology can guarantee authenticity, cut election-related costs by 10 times, and can be used by other nations.🌐 What do you think about this blockchain-powered protest vote? Share your thoughts below!👇 #DeFi #Web3
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🚀Crypto enthusiasts, buckle up! EigenLayer, the Ethereum restaking platform, has been making waves with its whopping $16B crypto deposits in its first year. But, oh boy, their token distribution has stirred up quite the storm on social media! 🌩️ 🤔Remember those points you earned for depositing into EigenLayer? Yeah, those were supposed to convert into EIGEN tokens. But plot twist! The tokens are non-transferable until some future date. And if you're from the U.S., Canada, or China, you're out of the airdrop party. 🎉 😲The drama doesn't stop there! EigenLayer's "Season 1" distribution plan has left some users in the dark about how many EIGEN tokens they'll receive. And the "Season 2" airdrop? Still a mystery. 🕵️‍♀️ 🤷‍♂️Despite the backlash, EigenLayer revised its token plans. But will it be enough to win back the crypto community's trust? Only time will tell. 💡Points programs have been a hot topic in the crypto world. They're a great way to encourage protocol activity pre-token launch, but they've also been a source of controversy. Could this be the beginning of the end for points programs? 👇Share your thoughts in the comments! Let's get this crypto conversation started! #CryptoNews #EigenLayer #DeFi #Web3
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