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Produced by Daniel Aharonoff & Mogul Media AI

Notcoin Token Launch: Key Details and Insights

Notcoin's Token Launch: A Game Changer for Players As the world of cryptocurrency continues to evolve, Notcoin is poised to make significant waves with its imminent launch on The Open Network (TON). Scheduled for April 20, the same day as the Bitcoin halving, this event is not just another token release; it represents a transformative moment for the millions of players engaged in the viral Telegram-based game. Key Details of the Token Conversion Process The Notcoin team has made clear the mechanics behind the conversion of in-game coins to on-chain tokens, a process that could have been fraught with complications given the astronomical figures involved. By moving the decimal point three places to the left, they simplify the transition from trillions of in-game coins to manageable amounts of Notcoin (NOT) tokens. Conversion Rate Breakdown Here’s how the conversion works: 1,000 in-game coins = 1 Notcoin (NOT) 10 million in-game coins = 10,000 Notcoins (NOT) 532,487 i...
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Produced by Daniel Aharonoff & Mogul Media AI

Senator Elizabeth Warren Challenges SEC on Bitcoin ETF Approval

U.S. Senator Elizabeth Warren from Massachusetts recently voiced strong criticism against the Securities and Exchange Commission (SEC) for approving multiple spot Bitcoin ETFs from asset managers such as BlackRock, Grayscale, and Ark Invest. In a tweet, Senator Warren expressed her disapproval, stating that the SEC was "wrong on the law and wrong on the policy" in regard to their decision. She emphasized the importance of basic anti-money laundering rules for the crypto industry if it is to further integrate into the financial system.

SEC's Approval of Spot Bitcoin ETFs

  • Senator Warren criticized the SEC's approval of spot Bitcoin ETFs from various asset managers, including BlackRock, Grayscale, and Ark Invest.
  • She highlighted the need for cryptocurrency to adhere to anti-money laundering rules as it becomes more entrenched in the financial system.

SEC Chair's Response

  • SEC Chair Gary Gensler defended the decision by stating that the Commission acts within the law and legal interpretations.
  • Gensler mentioned that circumstances had changed after a court order prompted a review of Grayscale's application for a spot Bitcoin ETF, citing the unlawful disparate treatment of similar products.

Warren's Stance on Cryptocurrency

  • Senator Warren has been vocal in her criticism of cryptocurrency, associating it with money laundering and terrorist financing.
  • She claimed that groups like Hamas and Islamic Jihad have raised over $130 million in crypto, a figure disputed by blockchain analytics firm Elliptic.

Legislative Efforts

  • Warren has called for updates to the Bank Secrecy Act to address the perceived threat of cryptocurrency.
  • She sponsors the Digital Asset Anti Money Laundering Act, which seeks to expand KYC requirements to blockchain infrastructure providers and participants.

Senator Warren's ongoing scrutiny of the crypto industry underscores the continuing debate surrounding regulation and oversight in the rapidly evolving digital asset space. As the landscape of cryptocurrency continues to develop, the intersection of financial regulations and digital innovation remains a topic of significant interest and contention.

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