TheCryptoScribe

Toncoin Partners with UAE, Offers Golden Visa to Token Holders
Toncoin TON theblockchain project affiliated with Telegram, has announced a groundbreaking partnership with the United Arab Emirates (UAE). According to the official announcement, TON users will now be able to stake $100,000 worth of TON tokens and receive a 10-year UAE Golden Visa in return.
The key details of the program include a 3-year staking period for the $100,000 worth of TON tokens, with the tokens remaining locked during this time. Applicants will also need to pay a one-time processing fee of $35,000. Interestingly, the visa approval process is completed in less than 7 weeks, much faster than the traditional $500,000 real estate investment requirement. Additionally, spouses, children, and parents can also benefit from the same visa program, with only standard government fees to be paid.
The staked assets will remain with the user and can be fully withdrawn after the 3-year period. The staking is expected to provide 3-4% annualized returns, subject to the price of the TON token.
It's important to note that users should only make transactions through Toncoin's official website, as scammers may attempt to imitate the program. Caution is advised when searching for information, as scam websites may sometimes appear at the top of search results.
References
"BREAKING: This Altcoin Has Reached an Agreement with the United Arab Emirates and Will Grant Gold Visas to Token Holders" ,

en.bitcoinsistemi.com

$TON #UAE #Telegram #VISA

A recent article from Decrypt reports that a Russian arms maker is looking to create its own stablecoin on the Tron blockchain. This move is part of a growing trend of companies and organizations seeking to create their own digital currencies.
According to the article, the Russian arms maker has partnered with a Tron-based decentralized finance (DeFi) platform to create a stablecoin that will be pegged to the Russian ruble. The stablecoin will be used for various purposes, including settling debts and making payments.
This move is significant, as it highlights the growing interest in stablecoins among companies and organizations. Stablecoins are digital assets that are pegged to the value of a fiat currency, such as the US dollar or the euro. They are designed to provide a stable store of value and a means of exchange for digital assets.
The Russian arms maker's decision to create its own stablecoin on the Tron blockchain is also notable, as it highlights the growing popularity of the Tron blockchain. Tron is a decentralized platform that allows developers to create their own blockchain-based applications. It has gained popularity in recent years due to its fast transaction times and low fees.
The article also notes that the Russian arms maker's stablecoin will be designed to be used for various purposes, including settling debts and making payments. This highlights the growing use of stablecoins in the real world, as companies and organizations seek to use them for various purposes.

Reference
 "Russian Arms Maker Wants Its Own Stablecoin Too—On Tron" by Decrypt, [date]
$TRX #defi #TronBlockchain
#Stablecoin #DigitalAssets

Turkey Bans Binance Chain DEX PancakeSwap, CAKE Price Takes a Hit
The Turkish government has made a significant move, banning the use of PancakeSwap, a popular decentralized exchange (DEX) on the Binance Chain. This decision has sent shockwaves through the crypto community, with the price of CAKE, the native token of PancakeSwap, dipping 4% in response.
The ban is part of a broader crackdown on cryptocurrency trading in Turkey, with the government seeking to reduce the use of digital assets in the country. This move is likely to have significant implications for the global crypto market, particularly for Binance Chain and the DEX ecosystem.

References:

1."Turkey Bans PancakeSwap, CAKE Price Dips 4%" by CoinTelegraph"                                                                            2."Turkey Cracks Down on Crypto Trading, Bans PancakeSwap" by The Block
$CAKE #PancakeSwap #BinanceChain #DEX

Breaking: Ripple CTO Claims Satoshi Nakamoto May Hold a Lot of XRP
In a surprising statement, Ripple CTO David Schwartz has suggested that Satoshi Nakamoto, the creator of Bitcoin, may hold a significant amount of XRP. This revelation was made during a court deposition in 2023, which has recently surfaced online.
According to Schwartz, Satoshi may have held "enormous amounts of XRP" in 2017. This statement has sparked a heated debate in the crypto community, with many wondering if this could be a game-changer for XRP's price and reputation.
The Ripple CTO's statement has also led to speculation about his own identity, with some suggesting that he may be Satoshi Nakamoto himself. However, Schwartz has denied these claims, stating that he only became aware of Bitcoin in 2011.
The implications of this revelation are significant, and we will be keeping a close eye on the developments in the crypto space.
References
1 "Satoshi May Hold A Lot of XRP: Ripple CTO" by Yuri Molchan, U.Today 2 "Did Satoshi Hold Any XRP? Probably Not, Here's why" by XrpHodL_, X 3 "Satoshi Nakamoto Held Enormous Amounts of XRP, Says David Schwartz" by TokenPost 
$XRP #Ripple #crypto #digitalpayments

An intriguing development in the crypto world: an "OG Bitcoin whale" has reportedly moved 60,000 BTC, sparking speculation across the market. This significant movement by a long-dormant holder is a rare occurrence and could signal various implications for Bitcoin's price and broader market sentiment.

$BTC #crypto #InvestSmart

Nano Labs Diversifies Digital Asset Portfolio with $50M BNB Investment
Nasdaq-listed Nano Labs has made a significant move in the digital asset space, purchasing $50M worth of BNB tokens. This investment brings the company's total digital asset reserves to around $160M, a testament to the growing importance of diversifying investments within the crypto market.

$BNB

RLUSD on the Verge of a Major Milestone
Ripple's RLUSD stablecoin is just one "print" away from reaching a $500 million market cap, with a total supply of 485.24 million tokens as 16 million new tokens were minted in just the last 24 hours . Momentum is building with increased trading volume, integrations, and banking support. Adoption is also ramping up globally, with the Swiss bank AMINA offering RLUSD custody and trading to institutional clients. With partnerships with OpenPayd and Circle, the ecosystem is more interconnected than ever. Will RLUSD reach the $500 million milestone in the next few days?

#Stablecoin #Ripple #RLUSD #InvestSmart

Crypto-Related Kidnappings on the Rise in Europe
A Brussels court has handed down 12-year sentences to three men for their role in the December 2024 kidnapping of a blockchain investor's wife. The brazen abduction, which took place outside the couple's home, saw the victim forced into a French-registered van and driven towards the coast. Fortunately, the victim's husband was able to contact the authorities, and a lengthy investigation ensued. Police eventually tracked down the suspects and derailed their vehicle into a ditch near Bruges, leading to the arrest of the three adults inside.
The court dismissed the defendants' claims that they were coerced by shadowy "sponsors" and instead deemed the kidnapping a professional hostage-taking. The victims have since relocated for their safety, and the court has ordered the defendants to pay over €1 million in damages.
This case is just one of several high-profile crypto-related kidnappings to hit Europe in recent months. In France alone, there have been over 10 incidents, including the attempted abduction of Paymium CEO Pierre Noziat's family in May. Australian crypto billionaire Tim Heath also narrowly escaped violent abductors in Estonia last month, biting off one attacker's finger to gain freedom.
Law enforcement is working tirelessly to apprehend those responsible for these attacks. Interpol and Moroccan police recently made a significant arrest in connection with the Noziat plot and other crimes, bringing hope that justice will be served.

#Crypto-related kidnappings #Blockchain investor kidnapped #European kidnappings #Crypto kidnappings in Europe

According to the Association of Governing Boards (AGB),
an organization that focuses on providing guidance, support, and resources to its members in the higher education sector for over 100 years, the next decade may see the emergence of the world's first trillionaires, thanks to the explosive growth of cryptocurrency. With altcoins leading the charge, digital assets are poised to shatter skepticism and become a legitimate investment opportunity.
Will we be one of the lucky few who gets richer faster than the most savvy tech investors of the 1990s? Fingers crossed!

#Cryptocurrency #Digital assets #AltcoinsWealth #creationInvestment opportunities #Financial growth

The Pi Network is seeing new developments in its ecosystem, leading to a mixed bag of news for its community, known as "Pioneers."

The Good

The Pi Network has added Zypto, a cryptocurrency wallet and payment application, to its Know Your Business (KYB) verified list. This integration means users can now perform multichain DeFi swaps for PI and even load Zypto VISA cards with PI, enabling real-world payments and bill pay. This significantly enhances PI's utility and accessibility, following similar integrations with Onramper and Onramp.money. The news comes alongside a modest 2.3% price recovery for Pi Coin, though this is part of a broader market surge rather than solely due to the Zypto partnership.

The Bad

Despite recent positive developments, the Pi Coin price faces potential headwinds from an impending token unlock. According to PiScan data, over 300 million PI tokens, valued at approximately $153 million, are scheduled to be released over the next 30 days. Notably, July 4th alone will see the largest single-day unlock of 19.4 million tokens, which could significantly increase selling pressure and potentially reverse recent gains.

The Ugly

The Pi Network community is embroiled in an intense debate over the Global Consensus Value (GCV), a community-proposed valuation of $314,159 per PI coin. While some Pioneers passionately defend GCV, citing millions of on-chain microtransactions as evidence of its "real value," others strongly criticize it as economically unfeasible. Critics, including a prominent Pioneer labeled "Dr Altcoin," argue that a $31.4 quadrillion market cap for PI would be "impossible," far exceeding global GDP. This internal division highlights a significant gap in Pioneers' expectations and could impact community cohesion, a core strength of the Pi Network. #PiNetwork #PiCoin #KYB #DeFi #TokenUnlock #GCV #GlobalConsensusValue #Pioneers

MiCA's Implementation Challenges Highlighted by Bitpanda Executive

The EU's landmark Markets in Crypto-Assets (MiCA) regulation, while a significant step for the crypto industry, is facing inconsistencies in its implementation across member states, according to Benedikt Faupel, head of public affairs at Austrian crypto unicorn Bitpanda, in a direct interview with Cointelegraph.
Faupel noted a "kind of imbalance" as some national regulators demand exhaustive institutional examinations for licenses, while others delve deeper only when necessary. This creates an uneven playing field across the EU, a challenge that the industry must acknowledge and work to resolve for a truly harmonized market.
Despite these hurdles, Faupel considers MiCA a "good legislative act," but believes reporting requirements could be refined. Bitpanda's public affairs team is actively engaged in educating EU politicians and supervisors to foster a more mature and consistent regulatory environment for crypto. This ongoing dialogue is particularly relevant as Deutsche Bank reportedly plans to offer cryptocurrency custody services in partnership with Bitpanda starting next year. #MiCA
#CryptoRegulation
#Harmonization
#Bitpanda
#DeutscheBank
#Cryptocurrency
#Bitcoin
#DigitalAssets
#CryptoLicense
#EU

IMF Rejects Pakistan's Bitcoin Mining Power Subsidy

Pakistan's ambitions to become a global hub for Bitcoin mining have hit a significant roadblock. The International Monetary Fund (IMF) has formally rejected a proposal to offer subsidized electricity tariffs for Bitcoin mining, citing strong objections to targeted subsidies, even as Pakistan claims to have surplus power in winter months.
This decision casts a shadow over Pakistan's broader Bitcoin reserve plans, which sought to allocate 2,000 megawatts from the state grid for cryptocurrency mining and AI data centers. Spearheaded by the government-backed Pakistan Crypto Council (PCC), the initiative aimed to boost tech employment, attract foreign investment, and utilize excess electricity.
The IMF's concerns are not new; they previously expressed reservations about the legality, sustainability, and potential strain on Pakistan's already challenged power grid. The proposal is now under review by the World Bank and other financial institutions, adding to the uncertainty surrounding Pakistan's crypto-friendly push. This marks a critical juncture for Pakistan as it navigates its economic recovery and its aspirations in the digital asset space. Bitcoin
#Cryptocurrency
#Crypto
#DigitalAssets
#BitcoinMining
#PakistanCryptoCouncil
#PakistanDigitalAssetsAuthority
#Blockchain

Australian Billionaire Fights Off Kidnappers in Estonia

Australian billionaire Tim Heath, founder of the Yolo Group, recently endured a violent abduction attempt in Tallinn, Estonia. In a harrowing incident on July 29, 2023, two assailants disguised as painters ambushed Heath in his apartment building, aiming to extort his significant digital assets.
During the struggle, Heath bravely fought back, even biting through one of his attacker's fingers to escape and retreat to safety. The attackers fled, leaving behind a severed finger and evidence of their meticulous planning, which included GPS tracking and surveillance over several weeks.

Ongoing Threats and the Rise of "Crypto Kidnappings"

Weeks after the failed abduction, Heath received a Bitcoin ransom demand via Telegram, complete with photos of his residence, indicating the persistent threat. He has since significantly increased his personal security, investing over €2.7 million in protection.
This incident highlights a disturbing global trend of "crypto kidnapping", where individuals with substantial digital asset holdings are targeted for extortion. Recent high-profile cases in New York, Florida, and particularly France, underscore the growing risks in the cryptocurrency space. These events emphasize the critical need for heightened security measures for anyone holding significant digital wealth. #Cryptocurrency
#Crypto
#DigitalAssets
#Bitcoin
#Blockchain

Algorand Just Got a Whole Lot More Interconnected

The Algorand Foundation has just announced a major integration with Wormhole's Native Token Transfers (NTT) standard, making it possible for Algorand to seamlessly interact with over 40 other blockchains. This means developers can now issue tokens that can travel across different networks, and users can move assets between Algorand and other compatible chains with ease.
This integration is a big deal for several reasons. It simplifies the process of moving assets between chains, making it easier for users to access a wider range of tokens and opportunities. It also opens up new possibilities for projects from other ecosystems to bring their tokens onto Algorand, which should help grow liquidity and create new opportunities for growth.

Ripple Takes a Big Leap into Traditional Finance

Ripple has just submitted a national banking license application in the US, a move that could have a significant impact on its stablecoin, RLUSD. If approved, RLUSD would come under the direct supervision of the OCC, setting a new standard for transparency and compliance in the stablecoin market. This could be just the beginning, with Ripple potentially offering other crypto services under its banking license in the future.

Where did u stake your Pi?