Trending | Crypto Bros Podcast with Special Guest Cats | Community Content: UK Meet-Up - Upcoming Metaverse Events - Past Events - Images - SafeMoon Sanctuary | Food for Thought | Blockchain News: South Korea’s Unique and Amazing Crypto Universe - Wall Street Still Likes Crypto Even After The FTX Collapse - FinCEN Invites Bankers To Assess DeFi Risk | SafeMoon Stats | SafeMoon Partners: Rare FND -
Block Busters Tech CSO DreamingDeFi shared,
"Love waking up to #SafeMoon trending. Hope everyone has a wonderful weekend!"
Crypto Bros Podcast with Special Guest Cats
"SafeMoon raffle baby #safemoon ❤️❤️❤️ @AntD1975 you’re welcome 😘😘"
"On route for the London Safemoon meet-up!!"
"I gotta say the London meet up did not disappoint! I hope everyone has the chance to hang out with the #SAFEMOONARMY like we did. Me and Mrs Viking had the best time ever!!!!! I feel like we've made life long friends. Amazing people! I cant wait for the next one! MUCH LOVE TO ALL"
"London I have arrived #safemoon Meetup"
"Before the storm #safemoon UK Meet up🎄"
"@Safemoon unofficial meetup London 2022 raffle prizes ready to go 🔥🔥🔥"
"There is no reason to hide your face if you support Real project, real people!
@Safemoon Unofficial Meetup London 2022 Just won a raffle prize"
"The #safemoon meet-up with the #SAFEMOONARMY was much better than I expected. I met up with people I have been chatting for over a year, plus I got the chance to meet other great moderators and Army members. I can not tag everyone, but I do thank you each and every one of you!❤️🙏"
Upcoming Metaverse Events
SafeMoon WaterCooler host Jeremiah shared his upcoming birthday event!
"Come join me in the metaverse on #altspace for my birthday bash!! Sunday the Dec 11th 9 pm est room code down below. Don't forget to share 🥳🎉"
Metaverse Josh Tweeted about SafeMoon Gaming's first VR community event!
SafeMoon Education Manager Cats retweeted adding,
"This is the fun that happens over at @SFM_Games discord! You guys should check it out as it’s most certainly a blast. So why not join in?"
"I Hope Every One of You has a Safe and Sensational Saturday!"
SafeMoon moderators held their 19th episode of SafeMoon Sanctuary! To listen to the recording, click the image below.
Food For Thought
"Optimism is a matter of mindset, not randomness 😊 It can be small or large, but every positive action affects those around you. And nothing lasts longer than an unbroken positive spirit 💪 Be there for each other, because together we can do anything 🌌"
"Great things are right in front of us, and we don't see it because we choose not to be open to exploring something new. Life presents many choices, the choice we make determines our future. Choose wisely 😉 As always, #BeKind 💙"
"It will take time, maybe years, before defi all projects are truly run by genuine people who want to see little guy make money. Those that have true integrity are a rare breed. Time is our ally. More integrity in defi is a must."
South Korea’s Unique and Amazing Crypto Universe
Maybe it’s the language barrier, or the walls authorities have set up to prevent money from leaving the country. But whatever it is, South Korea has built its own unique corner of the cryptoverse that’s unlike anywhere else on the planet.
Doo Wan Nam, a MakerDAO delegate who co-founded the research and advisory firm StableNode, laughs as he describes how crazy the intense speculation and crypto gambling can get in South Korea. He says it’s a country where the price of stablecoins like Dai or USD Coin can sometimes trade sky-high because if the price starts to rise a little above the $1 peg for some reason, speculators will jump in on the momentum trade.
“They sometimes trade for $20 because they don’t know it’s a stablecoin,” he explains. “They go, ‘You know, it was trading at $10, I bought it because it was pumping… I don’t know, I didn’t read, I just bought.’”
So, I think that kind of tells you whether people knew what Terra was.”
The spectacular $60-billion implosion of the Terra ecosystem, headed up by the charismatic but ultimately deluded Korean developer Do Kwon, casts a pall over the entire ecosystem.
Terra is also instructive about some of the unique characteristics of the crypto culture in Korea, which places less emphasis on decentralization and puts more trust in project leaders like Kwon.
Crypto is huge in this country obsessed with the latest and greatest technology. The capital city Seoul is a futuristic metropolis with massive high-res screens and blistering fast internet everywhere. Ten percent of the population owns cryptocurrency, and the government has unveiled an ambitious plan to transform it into the fifth-most metaverse-friendly country in the world.
To learn about South Korea's new technology and the future of cryptocurrency there, check out the full Cointelegraph Magazine article here.
Wall Street Still Likes Crypto Even After The FTX Collapse: Here's Why
Throughout 2022, the cryptocurrency sector sent out shockwaves that hit investors and those interested in entering into the market — particularly Wall Street and fintech — with the most recent collapse of FTX hurting the development of trust between Wall Street, fintech and cryptocurrencies.
But Wall Street is still committed to entering the crypto industry, said Adam Levine, vice president of corporate strategy at Fireblocks.
“In a word, yes,” Levine said at Benzinga’s Global Fintech Deal Day on Thursday. “Wall Street and financial institutions are really interested in what cryptocurrencies have to offer, seeing the future of financial services being digitized and tokenized — that’s where we’re seeing a lot of activity right now.” [Source: Bezinga]
FinCEN Invites Bankers To Assess DeFi Risk
FinCEN, the US Treasury Department’s financial crimes unit, is zeroing in on DeFi regulation as government agencies scramble for greater industry oversight following the ratification of an executive order on digital assets earlier this year.
Slotted in between remarks on combating fraud and anti-corruption generally, Himamauli Das, the acting director of the Financial Crimes Enforcement Network, said in a speech Tuesday his agency was looking at DeFi’s “potential to reduce or eliminate the role of financial intermediaries that play a critical role in our AML/CFT [anti-money laundering/combating the financing of terrorism] efforts.”
The removal of intermediaries is seen by crypto natives as a major advantage of DeFi, rendering it more efficient and removing counterparty risks, but FinCEN’s financial surveillance focus positions the existence of intermediaries as a strength of status quo. The unit did not immediately return a request for comment.
“We are engaging with relevant US government stakeholders in this effort, and we welcome engagement with industry — including the banking community — to better understand your assessment of the vulnerabilities and risks,” Das said. [Source: Blockworks]
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