Bangkok
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🌍 **Global NFT Developer Summit: NFTCON 2024 Coming to Bangkok!**
Mark your calendars! The **inaugural NFTCON 2024**, organized by PANews and NFTScan, will be held in **Bangkok, Thailand** on **November 11**, just ahead of Devcon. Supported by major players like **BNB Chain**, **Mint Blockchain**, and **Coin98**, this summit is set to explore the expanding potential of **NFTs** across various industries.
The event will cover NFTs’ role in **MEME culture**, **business**, **social applications**, and **philanthropy**, highlighting their ability to offer robust property rights and personalized experiences for consumers.
**Registration is now open!**
#BlockchainBulls #Bangkok #CryptoEvents #DigitalAssets #Web3
Mark your calendars! The **inaugural NFTCON 2024**, organized by PANews and NFTScan, will be held in **Bangkok, Thailand** on **November 11**, just ahead of Devcon. Supported by major players like **BNB Chain**, **Mint Blockchain**, and **Coin98**, this summit is set to explore the expanding potential of **NFTs** across various industries.
The event will cover NFTs’ role in **MEME culture**, **business**, **social applications**, and **philanthropy**, highlighting their ability to offer robust property rights and personalized experiences for consumers.
**Registration is now open!**
#BlockchainBulls #Bangkok #CryptoEvents #DigitalAssets #Web3
US Authorities Crack Down on Crypto Fraud: $500,000 Seized in 'Pig Butchering' Scheme. 🇨🇳
In a recent move against crypto fraud, US authorities have seized approximately $500,000 in digital currency linked to a Chinese individual involved in a deceptive crypto-investment scheme known as "pig butchering." This scheme employs manipulative tactics, enticing individuals to invest in fake cryptocurrency ventures through online interactions.
The US Secret Service took action in June, seizing the digital currency from an account registered under the name Wang Yicheng, with funds traced back to a victim in Massachusetts. Wang's ties to influential figures in Thailand's law and politics, developed during his time working for a Chinese trade group in Bangkok, played a pivotal role in prompting US authorities to act.
A blockchain investigation revealed that Wang's crypto account had earned over $90 million in recent years, with $9.1 million identified as proceeds from scams like pig butchering. Formerly associated with the Thai-Asia Economic Exchange Trade Association, Wang has since been disassociated from the group, emphasizing their commitment to rules and distancing from illegal activities.
The court filing represents a civil forfeiture action, signaling the government's intent to seize assets linked to suspected criminal activities. Despite the significant seizure, no criminal charges have been filed as of now, according to the US Attorney’s Office in Massachusetts.
The US government's crypto holdings, around 200,000 Bitcoins worth $5 billion, stem from law enforcement seizures tied to criminal activities. These actions boost investor confidence, signaling a commitment to combating scams for a more stable crypto market.
Increasing regulatory efforts raise concerns about privacy, government control, and innovation in the crypto industry. Balancing crackdowns on fraudulent activities with the need to foster innovation poses a challenge.
#usa #China #WangYicheng #Bangkok
In a recent move against crypto fraud, US authorities have seized approximately $500,000 in digital currency linked to a Chinese individual involved in a deceptive crypto-investment scheme known as "pig butchering." This scheme employs manipulative tactics, enticing individuals to invest in fake cryptocurrency ventures through online interactions.
The US Secret Service took action in June, seizing the digital currency from an account registered under the name Wang Yicheng, with funds traced back to a victim in Massachusetts. Wang's ties to influential figures in Thailand's law and politics, developed during his time working for a Chinese trade group in Bangkok, played a pivotal role in prompting US authorities to act.
A blockchain investigation revealed that Wang's crypto account had earned over $90 million in recent years, with $9.1 million identified as proceeds from scams like pig butchering. Formerly associated with the Thai-Asia Economic Exchange Trade Association, Wang has since been disassociated from the group, emphasizing their commitment to rules and distancing from illegal activities.
The court filing represents a civil forfeiture action, signaling the government's intent to seize assets linked to suspected criminal activities. Despite the significant seizure, no criminal charges have been filed as of now, according to the US Attorney’s Office in Massachusetts.
The US government's crypto holdings, around 200,000 Bitcoins worth $5 billion, stem from law enforcement seizures tied to criminal activities. These actions boost investor confidence, signaling a commitment to combating scams for a more stable crypto market.
Increasing regulatory efforts raise concerns about privacy, government control, and innovation in the crypto industry. Balancing crackdowns on fraudulent activities with the need to foster innovation poses a challenge.
#usa #China #WangYicheng #Bangkok
$APE Go Bananas for Bangkok! 🐒🍌🇹🇭
Looks like the Apes are taking over the hospitality industry! 🛌 ApeCoin DAO just proposed building a swanky Ape-themed hotel in Bangkok, Thailand (proposal AIP-448).🤝
This ain't just about pool parties with Bored Apes though. The goal is to bring in real income for ApeCoin DAO. 💰 They'll get 50% of the room revenue, paid out quarterly, for the first year. With a whopping 92% approval rating so far, this looks like a sure thing! 🐒💰
Bullish on ApeCoin tourism? 🤷♂️ Let us know what you think in the comments! DYOR! #ApeCoin #Bangkok #CryptoHotel #ApeCoinDAO
Looks like the Apes are taking over the hospitality industry! 🛌 ApeCoin DAO just proposed building a swanky Ape-themed hotel in Bangkok, Thailand (proposal AIP-448).🤝
This ain't just about pool parties with Bored Apes though. The goal is to bring in real income for ApeCoin DAO. 💰 They'll get 50% of the room revenue, paid out quarterly, for the first year. With a whopping 92% approval rating so far, this looks like a sure thing! 🐒💰
Bullish on ApeCoin tourism? 🤷♂️ Let us know what you think in the comments! DYOR! #ApeCoin #Bangkok #CryptoHotel #ApeCoinDAO
🔥💥ApeCoin DAO Votes on $3.6 Million APE-themed Hotel in Bangkok
The #ApeCoin community is voting on a proposal to build an APE-themed hotel in Bangkok, Thailand.This follows a series of developments within the broader Bored Ape Yacht Club (BAYC) community aimed at expanding the APE ecosystem.ApeCoin DAO Considers Hotel Launch
After Layer-2 Network Rollout
On July 19, the ApeCoin DAO began voting on ApeCoin Improvement Proposal 448 (AIP-448), dubbed the ApeCoin Hotel. The proposal seeks 410,000 $APE tokens, equivalent to $3.6 million, to build an APE-themed hotel in Bangkok.
According to the proposal, this move will enhance the BAYC IP exposure, increase ApeCoin’s visibility and utility, and generate revenue for the ApeCoin DAO.
“50% of the revenues from themed rooms will be received by ApeCoin DAO for one year once these rooms are completed. DAO will receive revenue from all themed rooms, including APE, BAYC, Otherside, Apechain, Mocaverse. Funds will be returned to the DAO Treasury on a quarterly basis,” the proposal stated
The proposal has generated mixed reactions within the crypto community. Zach Burks, founder of NFT marketplace Mintable, criticized the idea, while the broader APE community appears to support it.
“Lived in Bangkok for 2 years. Way too many hostels and hotels, most go out of business, especially given prices are so cheap and competitive, and the Thai goverment has been struggling to get tourism numbers back up,” Burks opined.
Despite these concerns, around 5 million APE tokens have been cast as votes, with 4.6 million tokens (92% of the total) in support of the proposal. Notably, a single address, 0xC602, is responsible for 67% of the yes votes, contributing 3.1 million APE tokens.
This development follows the July 16 launch of the ApeChain testnet by the ApeCoin DAO. Earlier this year, the APE community approved the launch of a layer-2 network on the Arbitrum network. The network will use the APE token as both gas and governance tokens.
#APE #binance #Bangkok
The #ApeCoin community is voting on a proposal to build an APE-themed hotel in Bangkok, Thailand.This follows a series of developments within the broader Bored Ape Yacht Club (BAYC) community aimed at expanding the APE ecosystem.ApeCoin DAO Considers Hotel Launch
After Layer-2 Network Rollout
On July 19, the ApeCoin DAO began voting on ApeCoin Improvement Proposal 448 (AIP-448), dubbed the ApeCoin Hotel. The proposal seeks 410,000 $APE tokens, equivalent to $3.6 million, to build an APE-themed hotel in Bangkok.
According to the proposal, this move will enhance the BAYC IP exposure, increase ApeCoin’s visibility and utility, and generate revenue for the ApeCoin DAO.
“50% of the revenues from themed rooms will be received by ApeCoin DAO for one year once these rooms are completed. DAO will receive revenue from all themed rooms, including APE, BAYC, Otherside, Apechain, Mocaverse. Funds will be returned to the DAO Treasury on a quarterly basis,” the proposal stated
The proposal has generated mixed reactions within the crypto community. Zach Burks, founder of NFT marketplace Mintable, criticized the idea, while the broader APE community appears to support it.
“Lived in Bangkok for 2 years. Way too many hostels and hotels, most go out of business, especially given prices are so cheap and competitive, and the Thai goverment has been struggling to get tourism numbers back up,” Burks opined.
Despite these concerns, around 5 million APE tokens have been cast as votes, with 4.6 million tokens (92% of the total) in support of the proposal. Notably, a single address, 0xC602, is responsible for 67% of the yes votes, contributing 3.1 million APE tokens.
This development follows the July 16 launch of the ApeChain testnet by the ApeCoin DAO. Earlier this year, the APE community approved the launch of a layer-2 network on the Arbitrum network. The network will use the APE token as both gas and governance tokens.
#APE #binance #Bangkok
