⚖️ The SEC has opened an investigation against Binance with respect to BNB - the regulator seeks to determine whether the exchange violated securities laws in the process of selling the token five years ago.
Moreover, the SEC is investigating possible abuses by Binance insiders as well as market makers affiliated with CZ.
Moreover, the SEC is investigating possible abuses by Binance insiders as well as market makers affiliated with CZ.
🇺🇸 Details of the upcoming cryptocurrency bill from U.S. Senator Cynthia Lummis are now available, the main theses:
- Strengthen compliance requirements for crypto exchanges, make revisions to bankruptcy of crypto exchanges - so customers can be compensated
- Require all issuers of stabelcoins, crypto-exchanges, and DAOs to register official representative offices in the US
- Bring the bulk of the crypto market under the supervision of the Commodity Futures Trading Commission (CFTC)
- Allow depositories (professional securities market participants) to issue stablecoins.
- Strengthen compliance requirements for crypto exchanges, make revisions to bankruptcy of crypto exchanges - so customers can be compensated
- Require all issuers of stabelcoins, crypto-exchanges, and DAOs to register official representative offices in the US
- Bring the bulk of the crypto market under the supervision of the Commodity Futures Trading Commission (CFTC)
- Allow depositories (professional securities market participants) to issue stablecoins.
🕵️ Fraudsters used an exploit and stole Elrond (EGLD) for $113 million - the price of Wrapped EGLD on the Maiar DEX exchange collapsed 92% (from $75 to $5) in a moment.
However, the developers reacted in time: they shut down the exchange and managed to return about 95% of the stolen funds, the attackers managed to withdraw only $1.65 million.
However, the developers reacted in time: they shut down the exchange and managed to return about 95% of the stolen funds, the attackers managed to withdraw only $1.65 million.
9 cryptocompanies made the Forbes list
Nine major crypto projects joined this year's Forbes Fintech 50 list.
The FTX exchange came in first place with a valuation of $32 billion. A further list looks like this:
- OpenSea ($13.3 billion);
- Alchemy ($10.2 billion);
- Ava Labs ($8.5 billion);
- Circle ($9 billion);
- Chainalysis ($8.6 billion);
- FireBlocks ($8 billion);
- Paxos ($2.4 billion);
- TRM Labs ($600 million).
In total, these companies have managed to raise about $6.5 billion, and most of that amount in the last year.
Nine major crypto projects joined this year's Forbes Fintech 50 list.
The FTX exchange came in first place with a valuation of $32 billion. A further list looks like this:
- OpenSea ($13.3 billion);
- Alchemy ($10.2 billion);
- Ava Labs ($8.5 billion);
- Circle ($9 billion);
- Chainalysis ($8.6 billion);
- FireBlocks ($8 billion);
- Paxos ($2.4 billion);
- TRM Labs ($600 million).
In total, these companies have managed to raise about $6.5 billion, and most of that amount in the last year.
ICP is divided with Binance Futures
Apparently, Binance realized that the "innovative platform of the future" will soon be zeroed out, just like LUNA, so they promptly cut off our ability to short the coin and earn on the fall.
The delisting will take place on June 9. Obviously, small exchanges will follow the example of Binance, and soon it will be extremely difficult to buy our ICP. (I'm not talking about selling).
Notably, that ICP is one of coins, on which you couldn't earn by grandfather's methods of hodl.
ICP began to trade at the level of $680, now its price is $6.75.
Apparently, Binance realized that the "innovative platform of the future" will soon be zeroed out, just like LUNA, so they promptly cut off our ability to short the coin and earn on the fall.
The delisting will take place on June 9. Obviously, small exchanges will follow the example of Binance, and soon it will be extremely difficult to buy our ICP. (I'm not talking about selling).
Notably, that ICP is one of coins, on which you couldn't earn by grandfather's methods of hodl.
ICP began to trade at the level of $680, now its price is $6.75.
Anthony Hopkins sought advice on NFT purchase
The famous actor asked for advice on his first NFT purchase, highlighting rapper Snoop Dogg, TV host Jimmy Fallon and actress Reese Witherspoon.
💬"I’m astonished by all the great NFT artists. Jumping in to acquire my first piece, any recommendations?"
Hopkins also changed his Twitter display name to his own ENS domain, AHopkins.eth.
Another legend has arrived in the NFT-space🔥
The famous actor asked for advice on his first NFT purchase, highlighting rapper Snoop Dogg, TV host Jimmy Fallon and actress Reese Witherspoon.
💬"I’m astonished by all the great NFT artists. Jumping in to acquire my first piece, any recommendations?"
Hopkins also changed his Twitter display name to his own ENS domain, AHopkins.eth.
Another legend has arrived in the NFT-space🔥
👍1
Tether launched USDT on the Tezos network
It is the twelfth blockchain after Ethereum, Solana, Avalanche, Polygon, Algorand, Tron, Omni (Bitcoin), EOS, Liquid Network, Kusama and Bitcoin Cash.
☝🏻 According to the company, the market capitalization of USDT exceeds $72.5 billion, with Tron ($38.73 billion) and Ethereum ($36.81 billion) blockchains accounting for the largest portion of the stablecoin offering.
Recall that quite recently Tether launched its stablecoin on the Polygon network.
It is the twelfth blockchain after Ethereum, Solana, Avalanche, Polygon, Algorand, Tron, Omni (Bitcoin), EOS, Liquid Network, Kusama and Bitcoin Cash.
☝🏻 According to the company, the market capitalization of USDT exceeds $72.5 billion, with Tron ($38.73 billion) and Ethereum ($36.81 billion) blockchains accounting for the largest portion of the stablecoin offering.
Recall that quite recently Tether launched its stablecoin on the Polygon network.
Miners hold 1.8 million BTC in their wallets
Bitcoin miners keep accumulating significant amounts: they currently own 1.8 million BTC, as evidenced by Glassnode's data.
On average, they sell about 3.3 thousand BTC per month, a small fraction of the total revenue.
And while lots of miners are holding out in anticipation of higher and better prices, that's not always a good sign.
Large inventories of bitcoins in wallets can put a lot of pressure on sellers and keep the price from going higher in the event of a recovery.
Bitcoin miners keep accumulating significant amounts: they currently own 1.8 million BTC, as evidenced by Glassnode's data.
On average, they sell about 3.3 thousand BTC per month, a small fraction of the total revenue.
And while lots of miners are holding out in anticipation of higher and better prices, that's not always a good sign.
Large inventories of bitcoins in wallets can put a lot of pressure on sellers and keep the price from going higher in the event of a recovery.
YouTube
The Week Onchain: Miner Incomes Under Stress - Week 23, 2022 (Bitcoin On-chain Analysis)
With the market trading near the price lows of the 2021-22 cycle, a great majority of investors are now holding unrealized losses. Furthermore, miners appear to experiencing some income stress, with revenues falling, whilst production costs climb.
Topics…
Topics…
🧬 China has created a blockchain capable of withstanding quantum attacks
The network runs on Proof-of-Work and is very similar to the regular decentralized blockchain, but with one difference: Chang'An Chain has integrated a "post-quantum digital signature" method, which protects the network from almost any known attacks (including quantum ones), that could jeopardize the security of conventional communications.
The network runs on Proof-of-Work and is very similar to the regular decentralized blockchain, but with one difference: Chang'An Chain has integrated a "post-quantum digital signature" method, which protects the network from almost any known attacks (including quantum ones), that could jeopardize the security of conventional communications.
Further reflecting on CZ's travels
This time, Binance CEO Changpeng Zhao visited Palau, where he met with President Surangel Whipps.
The business meeting was coupled with a vacation on the waters of the archipelago. As Zhao comments, "sometimes you need to relax".
Recall that earlier CZ visited Kazakhstan, where he signed a cooperation agreement between Binance and the country.
This time, Binance CEO Changpeng Zhao visited Palau, where he met with President Surangel Whipps.
The business meeting was coupled with a vacation on the waters of the archipelago. As Zhao comments, "sometimes you need to relax".
Recall that earlier CZ visited Kazakhstan, where he signed a cooperation agreement between Binance and the country.
"These hands didn't steal anything"
Do Kwon's catchphrase lately☝🏻
If you recall, the head of Terraform Labs was accused of taking more than 2.7 billion UST out of Terra in a matter of months.
The FatMan analyst stated this, backed up by the Degenbox $UST-$MIM strategy on the Abracadabra platform and some rather interesting facts. After which you feel like saying "coincidence...?"
In response, Do Kwon, of course, denied all the accusations. He stated that his only income for the last two years was a "nominal cash salary" at Terraform Labs. According to him, he delayed receiving more of the "founder's tokens" because he didn't need them.
Do Kwon's catchphrase lately☝🏻
If you recall, the head of Terraform Labs was accused of taking more than 2.7 billion UST out of Terra in a matter of months.
The FatMan analyst stated this, backed up by the Degenbox $UST-$MIM strategy on the Abracadabra platform and some rather interesting facts. After which you feel like saying "coincidence...?"
In response, Do Kwon, of course, denied all the accusations. He stated that his only income for the last two years was a "nominal cash salary" at Terraform Labs. According to him, he delayed receiving more of the "founder's tokens" because he didn't need them.
🧬 Jack Dorsey announced "Web5," a decentralized web platform built on the Bitcoin blockchain.
"Web5" will consist of software components and services such as decentralized identifiers (DIDs), a decentralized Web site (DWN), a self-service identity service (SSIS), and a self-service identity software development kit (ssi-sdk).
These components allow developers to focus on creating user interfaces while enabling decentralized identification and data storage in applications.
"Web5" will consist of software components and services such as decentralized identifiers (DIDs), a decentralized Web site (DWN), a self-service identity service (SSIS), and a self-service identity software development kit (ssi-sdk).
These components allow developers to focus on creating user interfaces while enabling decentralized identification and data storage in applications.
Edward Snowden urged to use cryptocurrencies as a means of payment
Former CIA and NSA officer Edward Snowden at the Consensus 2022 conference called for the use of cryptocurrencies not as an investment tool, but as a means of payment.
💬"I use bitcoin to use it. In 2013, bitcoin is what I used to pay for the servers pseudonymously. Generally I don’t encourage people to put their money in cryptocurrencies as a technology and this is what distances me from a lot of people in the community," Snowden said.
Good point! Sometimes it seems that we should forget the original meaning of the word "cryptocurrency" - an anonymous and centerless method of payment.
Former CIA and NSA officer Edward Snowden at the Consensus 2022 conference called for the use of cryptocurrencies not as an investment tool, but as a means of payment.
💬"I use bitcoin to use it. In 2013, bitcoin is what I used to pay for the servers pseudonymously. Generally I don’t encourage people to put their money in cryptocurrencies as a technology and this is what distances me from a lot of people in the community," Snowden said.
Good point! Sometimes it seems that we should forget the original meaning of the word "cryptocurrency" - an anonymous and centerless method of payment.
Laundering $80 million a month from Terra's creator
The Securities and Exchange Commission found evidence that Terraform Labs CEO Do Kwon withdrew $80 million a month from LUNA (now called Luna Classic) and TerraUSD before the Terra ecosystem collapsed in May.
One Labs employee interviewed by the SEC in a video interview said the transactions were not formalized in any way.
If this is proven, Do Kwon could face legal action in the United States. The Terra CEO is now in the hands of South Korean authorities.
Recall that people who invested in these coins in the aggregate lost about $ 60 billion.
The Securities and Exchange Commission found evidence that Terraform Labs CEO Do Kwon withdrew $80 million a month from LUNA (now called Luna Classic) and TerraUSD before the Terra ecosystem collapsed in May.
One Labs employee interviewed by the SEC in a video interview said the transactions were not formalized in any way.
If this is proven, Do Kwon could face legal action in the United States. The Terra CEO is now in the hands of South Korean authorities.
Recall that people who invested in these coins in the aggregate lost about $ 60 billion.
Twitter co-founder and Block CEO Jack Dorsey announced a project to create a decentralized web platform on the Bitcoin blockchain.
The project, called Web5, will allow developers to create decentralized applications, and the platform will also feature its own financial network, based on BTC.
According to Dorsey, Web5 will play an important role in the evolution of the Internet.
Earlier, the head of Block called bitcoin the only candidate for the role of Internet currency. According to Dorsey, the development of BTC may seem slow compared to other cryptocurrencies, but this is due to the deliberate decisions made to support it.
The project, called Web5, will allow developers to create decentralized applications, and the platform will also feature its own financial network, based on BTC.
According to Dorsey, Web5 will play an important role in the evolution of the Internet.
Earlier, the head of Block called bitcoin the only candidate for the role of Internet currency. According to Dorsey, the development of BTC may seem slow compared to other cryptocurrencies, but this is due to the deliberate decisions made to support it.