LensLinks: Issue 371

Nigeria freezes over 1,100 bank accounts of crypto traders, brought to you by Regiment LLC

Author

Len Pacek
April 30, 2024

Nigeria freezes over 1,100 bank accounts of crypto traders

  • Nigeria freezes over 1,100 bank accounts of crypto traders amid broader regulatory crackdown

  • Quantum computing breakthrough could happen with just hundreds, not millions, of qubits using new error-correction system

  • AI-powered DeFi platform secures $10M investment with upcoming DAO

  • Regulators expected to deal major blow to U.S. crypto market

  • New court filings show SEC, Chair Gensler believed ethereum was a security for at least a year

  • A cheaper Apple Vision Pro might not land until 2026 – and Samsung's XR/VR headset could steal its lunch

  • DARPA unleashes 20-foot autonomous robo-tank with glowing green eyes

  • Mustafa Suleyman: AI is turning into something totally new

  • Together, AI and blockchain set new standard in sports analytics

  • North Korea's Lazarus Group Laundered $200M in Crypto, Says Blockchain Sleuth—Here's How - Decrypt

  • Forbes' 'Good for Nothing' List Targets "Overvalued" Blockchains - Altcoin Buzz

  • Bitcoin Falls as Technical Signs Flash Red. Why Cryptos Could Be In for a Tough Week.

  • And Much, Much, More…

#regimentco #AI #bitcoin

QUOTABLE

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“We have been made aware of your involvement in trading of cryptocurrency. We hereby request that you furnish us with a valid order from a court of competent jurisdiction to effect the release of your funds.”

- a Nigerian Bank to Customer email

NOTABLE

Nigeria freezes over 1,100 bank accounts of crypto traders amid broader regulatory crackdown

Nigerian crypto merchants, traders with large transaction volumes on peer-to-peer platforms, dreaded what would happen next as the country’s fiat currency, the naira, showed renewed weakness in the foreign-exchange market last week. Those fears weren’t misplaced.

www.dlnews.com/articles/regulation/nigeria-efcc-crackdown-crypto-traders-merchants

The Singularity
AI, Quantum Computing, Robotics, Bio-engineering & Other Stuff on the way

Quantum computing breakthrough could happen with just hundreds, not millions, of qubits using new error-correction system

Scientists have designed a physical qubit that behaves as an error-correcting "logical qubit," and now they think they can scale it up to make a useful quantum computer using a few hundred.

www.livescience.com/technology/computing/major-quantum-computing-milestone-could-be-hit-with-just-hundreds-not-millions-of-qubits-thanks-to-new-error-correction-system#:~:text=Computing-,Quantum%20computing%20breakthrough%20could%20happen%20with%20just%20hundreds%2C%20not%20millions,using%20new%20error%2Dcorrection%20system&text=Scientists%20have%20designed%20a%20physical,computer%20using%20a%20few%20hundred.

Blockchain, Tokens & DeFi

AI-powered DeFi platform secures $10M investment with upcoming DAO

Supported by significant investment, this innovative DeFi ecosystem integrates advanced AI technologies and decentralized governance to offer secure trading and protection

cointelegraph.com/news/ai-powered-defi-platform-secures-10m-investment-with-upcoming-dao

Crypto Trading

Regulators expected to deal major blow to U.S. crypto market

The SEC is now expected to deny applications for institutional ethereum products, hoisting a roadblock for the second-largest crypto asset.

www.thestreet.com/crypto/policy/sec-regulators-expected-to-deny-ethereum-etf-hurt-crypto-market-prices#:~:text=The%20SEC%20is%20now%20expected,the%20second%2Dlargest%20crypto%20asset.

New court filings show SEC, Chair Gensler believed ethereum was a security for at least a year

Consensys filed a lawsuit against the Securities and Exchange Commission claiming the agency is attempting an unlawful power grab by seeking to classify ethereum as a security.

www.foxbusiness.com/markets/new-court-filings-show-sec-chair-gensler-believed-ethereum-was-security-for-at-least-year

VR, AR, Spatial Computing, Metaverse & Gaming

A cheaper Apple Vision Pro might not land until 2026 – and Samsung's XR/VR headset could steal its lunch

Samsung's take on the Vision Pro could be rather slick

www.techradar.com/computing/virtual-reality-augmented-reality/a-cheaper-apple-vision-pro-might-not-land-until-2026-and-samsungs-xrvr-headset-could-steal-its-lunch

The Singularity - a little more…

DARPA unleashes 20-foot autonomous robo-tank with glowing green eyes

For those not in the know, DARPA has been working on self-driving military vehicles for two decades now as part of its RACER (Robotic Autonomy in Complex...

www.techspot.com/news/102769-darpa-unleashes-20-foot-autonomous-robo-tank-glowing.html

Mustafa Suleyman on LinkedIn: Mustafa Suleyman: AI is turning into something totally new | 88 comments

AI is everywhere. Yet even those of us closest to its development sometimes struggle to describe what, exactly, we are building and where things are actually… | 88 comments on LinkedIn

www.linkedin.com/posts/mustafa-suleyman_mustafa-suleyman-ai-is-turning-into-something-activity-7188220666960060416-627H?utm_source=share&utm_medium=member_desktop

‘Eugenics on steroids’: the toxic and contested legacy of Oxford’s Future of Humanity Institute

Founded in 2005 and lauded by Silicon Valley, the Nick Bostrom’s centre for studying existential risk warned about AI but also gave rise to cultish ideas such as effective altruism

www.theguardian.com/technology/2024/apr/28/nick-bostrom-controversial-future-of-humanity-institute-closure-longtermism-affective-altruism

Blockchain, Tokens & DeFi - a little more…

Together, AI and blockchain set new standard in sports analytics

Two of the world's most cutting-edge technologies are merging to deliver insight in the sports betting realm.

www.thestreet.com/crypto/innovation/together-ai-and-blockchain-set-new-standard-in-sports-analytics

North Korea's Lazarus Group Laundered $200M in Crypto, Says Blockchain Sleuth—Here's How - Decrypt

On-chain analyst ZachXBT has broken down exactly how North Korea’s notorious hacking group Lazarus laundered over $200 million into fiat.

decrypt.co/228606/north-koreas-lazarus-group-laundered-200m-in-crypto-says-blockchain-sleuth-heres-how

Forbes' 'Good for Nothing' List Targets "Overvalued" Blockchains - Altcoin Buzz

Forbes' "Good for Nothing" list is a stark reminder of the need for greater diligence and transparency in the blockchain industry

www.altcoinbuzz.io/cryptocurrency-news/forbes-good-for-nothing-list-targets-overvalued-blockchains

Crypto Trading - a little more…

Bitcoin Falls as Technical Signs Flash Red. Why Cryptos Could Be In for a Tough Week.

Bitcoin and other cryptocurrencies fell Monday, with digital assets looking vulnerable to more declines amid signs of technical market weakness and a stretch of catalysts in the coming days that could hurt cryptos.

www.barrons.com/articles/bitcoin-ethereum-price-crypto-markets-today-b36be2ec

Hong Kong anticipates Bitcoin, Ethereum ETFs surpassing US in 1st-day trading volume

Hong Kong is set to launch new Bitcoin and Ethereum ETFs tomorrow at 9:30 a.m. EDT, with an expected larger initial trading volume than in the United States.

crypto.news/hong-kong-anticipates-bitcoin-ethereum-etfs-surpassing-us-in-first-day-trading-volume

US lawmakers press Biden administration on use of crypto to evade sanctions

US Lawmakers press Biden administration on use of crypto to evade sanctions

www.deccanherald.com/world/us-lawmakers-press-biden-administration-on-use-of-crypto-to-evade-sanctions-3000097

ESG (Environmental, Social & Governance)

Crypto on track to hit 1B users by end of 2025 — Analyst

Other estimate predict that the crypto industry will reach its first billion users by 2030.

cointelegraph.com/news/crypto-on-track-1-billion-users-end-2025-analyst

Disclaimer: This note is distributed by Regiment, LLC for informational purposes only and is sourced from publicly available media reports. It is not an investment recommendation or solicitation for any investment. The information is current as of date and subject to change. In such case Regiment, LLC does not undertake to provide any updates. Recipients must be aware that any private, alternative investments discussed are speculative in nature, often illiquid, and subject to loss of capital.