❤️‍🔥 Binance loves Ukraine

Hello Nutty Family 🥜! Another day, another story! Today we got a love story and a rug story. Let us dive in!

• Binance loves Ukraine❤️‍🔥

• A NFT founder/influencer bites the dust 👎

• Some other NEWS in a Nutshell 🥜

• Nutty Meme 🥜

A positive love storyWith crypto taking the gloryA founder rugs us againSorry everyone, is all he said

Binance loves Ukraine❤️‍🔥

Binance has been making inroads into Ukraine since the Russian invasion and has reportedly pushed for crypto adoption in the country significantly. ↗️

Some of them are,

• Binance has partnered with Ukrainian supermarket giant VARUS to launch payment services in nine cities. 🏙️

• It stood up to Russia (for its lover) and barred several high-ranking Russian executives from using Binance. ⛔

• Binance launched a cryptocurrency card for Ukrainian refugees. The cards enabled the refugees to accept and make payments in the European Economic Area. 💳

• Ukrainian refugees verified by local non-profit organisations received 75 BUSD per month for 3 months. 💰

• Recently, Binance tied the knot with Ukraine’s largest pharmaceutical company, ANC, to enable cryptocurrency payments. For context, ANC has over 1000 stores across the country! 💊

Ukraine is awash in cryptocurrency enthusiasm! And Binance is supporting it completely. 🌊

Such unrequited love! 💌

But wait, there's more. 👀

The Ukrainian government made public pleas for crypto donations via its social media handles and received over $54 million! 💲

The amount was reportedly spent on funding the war efforts and medication.

Nutty Take 🥜

It is definitely phenomenal to see the power of Web3 and crypto being put to good use. Hopefully this can serve as a case study for other nations considering crypto adoption. 🫡

A NFT founder/influencer bites the dust 👎

We haven't even been in 2023 for a week, and we're already hearing about project rugs. ⛔

Rug is the web3 slang used when a founder or team, abandons a project.

We are not talking about a random founder with no background. We are talking about a person with, 👀

• 700k Twitter followers 🐦

• 90k Instagram followers 🎺

• 135k YouTube subscribers 📽️

• 250k Twitch subscribers 🎮

Yes, he was not a shrimp. He was considered an "OG" and an influencer. 🐳

As a crypto influencer, it is your primary duty to release a project and raise millions to fund your personal bank account project. 🏦

He did just that,

He rugged founded 3 projects:

• Gridcraft - The Web3 Minecraft 🌐

• Goobers - A Web3 Game ♠️

• CLUCoin - Something Something Sh*t Coin 🪙

The end result? Millions of dollars were lost in gambling to satisfy his addiction for taking risks. 🍺

Why are we discussing it? 🤔

It is to make you aware NOT to trust any crypto influencers

 Take every tweet by everyone, especially influencers with a grain of salt. 🧂

The previous year was rough, the space pricked us badly. However, this year, we will see the blood start flowing out from those pricks. We can expect multiple influencers and projects to be brought to their knees. Be prepared fam.🩸

However, we have confidence that the space and investors will learn from the past and focus on utilizing the actual power of the technology rather than doing shady stuff. 🧑‍💻

Some other NEWS in a Nutshell 🥜

• Coinbase admits to failures on its part and agrees to settle case with New York Regulator for $50 million

• Uniswap awards $40k to a Defi auditor for finding vulnerability on platform.

• Indonesia looking to establish an official crypto exchange.

Nutty Meme 🥜

Cya on Friday! Much love!