GM, this is The Crypto Explorer, Let's face it, trying to keep up with crypto is like catching a greased-up pig.

Let’s do the chasing for you! 😀

Here’s what we got for you today:

• 🔇 Crypto influencers, your disclaimer won't save you!

• 🔏 CBDC Developer Assures Privacy

• 🧱 Around The Block: $3.4B of Bitcoin in a popcorn tin

🔇 Crypto Influencers Your Disclaimer Won't Save You!

Crypto influencers, beware!🚨

Your go-to disclaimer "This is not financial advice" may not be enough to protect you legally.

Different digital assets lawyers explain that while influencers love throwing around the disclaimer, it is generally ineffective and won't magically protect you from liabilities.

It’s just like the early days of youtube where people would put in the description "no copyright infringement intended". That didn’t mean anything and neither does this disclaimer.

Recently, crypto influencers and celebrity ambassadors have been under the microscope, especially in the United States.

Even Kim Kardashian got in trouble! 🤯

She was charged by the SEC for failing to disclose the amount she received for promoting EthereumMax (EMAX) to her followers.

Oopsie! 🥶

So, what's the secret to staying out of trouble?

Australian financial regulatory lawyer Liam Hennessy believes the best way for crypto influencers to protect themselves is to be able to determine “what token is a security and what token is not a security.”

The SEC doesn't know what coins are securities and they expect influencers to know. 🤷‍♂️

Oh, and guess what? In Australia, even influencers need a license before they can give financial advice.

Guess not every Tom, Dick and Harry can dish out investment tips. 😀 

So, dear crypto influencers, if you want to make the big bucks without ending up behind bars, it's time to roll up your sleeves and do some serious research, before running a promotion.

You can read more about this here

🔏 CBDC Developer Assures Privacy

“The central bank does not care how much people spend on sandwiches, it's not their mission!"

So says, Gilbert Verdian, the CEO and Founder of Quant, while assuring that there’s no need to be worried about privacy when it comes to CBDC technology.

Verdian argues that transactional data on the CBDC blockchain focuses on API calls and values rather than personally identifiable information, thus ensuring privacy.

Essentially, he's assuring everyone that there's no cause for concern but do we trust it? 🤔

Meanwhile, Tom Mutton from the Bank of England steps in to enlighten us about the UK's CBDC, known as the Digital Pound.

He confirmed that the Digital Pound would be "private but not anonymous."

Isn’t that confusing? 😒

He explained that some level of identity information is necessary to prevent fraud and financial crime. However, this identity information will not be passed to the Bank of England, ensuring privacy.

Gotta love that “trust me bro” at the end. 🙄

Well, the crypto community isn’t buying it.

Some argue that privacy isn't their main concern, while others simply don't find banks to be the epitome of credibility.

One user sarcastically remarked, “Yes because banks are known for being so trustworthy” 😄

So, what's your take on this matter?

🧱 Around The Block: $3.4B of Bitcoin in a popcorn tin

• 💻 The Silk Road hacker’s story: $3.4B of Bitcoin in a popcorn tin.

• 🗣️ War of words: OKX takes a subtle jab at Coinbase in new ad campaign.

• 🔉Crypto Tax Regulation: Biden calls to end $18B ‘crypto tax loopholes’ — community begs to differ.

• 🆕 Cybersecurity: Aragon launches defensive measures against Arca’s ‘51% attack’.

That's all we have for today.

Please don't forget to rate today's email and let us know what you like about it.

In any case, see you tomorrow, or on Twitter, if you're there: @danielakpobare

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell assets or make financial decisions. Please be careful and do your own research.