Crypto exchange Binance expands in Argentina - cyptoranking.com

2024-04-26

Popular crypto exchanges(2023 Update) 2024-04-26
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Source: Adobe/ymgermanNathaniel Chastain, a former manager at the non-fungible token (NFT) marketplace OpenSea, has made the decision to serve his three-month prison sentence for insider trading while his appeal is still pending.Chastain's lawyers submitted a letter to the New York District Court on Wednesday, informing the judge that their client had withdrawn his application for bail during the appeal process. Consequently, in accordance with the court's previous order and judgment, Chastain will voluntarily surrender himself by November 2 to commence his sentence while awaiting the outcome of his appeal.Back in May, the former OpenSea product manager was found guilty of wire fraud and money laundering in the first insider-trading trial involving NFTs.Chastain was accused of using confidential information to make thousands of dollars in profit by buying NFTs just before their listing on OpenSea's homepage, where their prices would immediately increase. Once the prices had increased, Chastain would then sell the NFTs at a profit, violating his duty to keep the information confidential. The government alleged that he made over $57,000 in profit from his illicit actions.Chastain Sentenced to Three Months in JailOn August 22, Chastain was sentenced to three months in prison for engaging in insider trading on the NFT platform. Additionally, he was ordered to pay a $50,000 fine and forfeit any illicit cryptocurrency profits derived from his trading activities on OpenSea.During the trial, prosecuting attorney Allison Nichols argued that Chastain was fully aware that he was violating the law by executing these trades through anonymous OpenSea accounts.Chastain had previously argued that NFTs aren’t securities or commodities and therefore aren’t subject to the government’s theory. He also contended that he didn’t commit money laundering because the transactions were made on a public blockchain. However, his decision to serve the prison sentence amid ongoing appeal signals a willingness to accept the consequences of his actions. NFT Market Struggles to Recover After 2022 CrashOnce considered the next big thing in the crypto world, NFTs have failed to recover following the 2022 crypto meltdown. Investors have seen the value of their blue-chip NFTs drop significantly, with floor prices dropping to record low levels and falling trading volume.The prolonged downturn has even forced some NFT platforms to close down operations. Recur, an NFT marketplace supported by billionaire Steve Cohen and renowned for its Hello Kitty NFT partnership, has announced it’s winding down due to “unforeseen challenges and shifts in the business landscape.” Likewise, Mark Cuban-backed NFT social media platform Nifty’s has decided to cease operations, citing unsuccessful investment opportunities.Even platforms like Blur, a leading NFT marketplace, have witnessed a staggering 96% drop in sales volume measured in Ether between late June and early August. OpenSea, the second-largest NFT marketplace, has also seen a more than 90% drop in trading volume.NFTs and Metaverse: Activewear and Luxury Brands Embrace Web3 Innovation “When you send a lot of liquidity into a mixer, the mixer starts to give you back your own liquidity — if the mixer doesn’t have liquidity, it will just give you back dirty money right away,” explained Igor Data, CEO of BLIN.Agency. Crypto exchange Binance expands in ArgentinaThe congestion problem during the launch of Shibarium, the Layer-2 network presented to users by the Shiba Inu team with great hopes, accelerated SHIB sales. The decline, which started in the last days of August, continues to deepen day by day, and this situation is also reflected in the graphs. The descending wedge formation on the four-hour chart is an example of this. “Is Sisyphus at fault for gross negligence for lying about the Anubis team multisig? Absolutely 100%. Probably a civil case possible for victims,” wrote Zach.

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Argo Blockchain's September performance was bolstered by a reduction in power costs, thanks to accrued power credits from economic curtailment. These credits have reduced the company's electricity expenses and improved its mining margins and cash flow. The increase in BTC mined is primarily attributed to fewer curtailment hours at the company's Helios facility. Read more: Privacy remains sticking point in America’s ongoing CBDC debate What is a realistic ETH price target?“Mr Wang’s understanding that these were actual loans – structured by lawyers and memorialized in formal promissory notes that imposed real interest payment obligations – is relevant to rebut the inference that these were simply sham loans directed by Mr. Bankman-Fried to conceal the source of the funds,” the filing said. “By joining AWS ISV Accelerate and AWS Activate programs, we’re able to provide our vast network of game developers with a turnkey solution for quickly building and scaling web3 games,” said Immutable Chief Commercial Officer Jason Suen in a statement.

“We want to show that blockchain can co-exist effectively with the biotech industry,” he said. Blockchain technology ensures fair gaming through the use of Random Number Generators. DCG CEO Barry Silbert Considers Buying Dogecoin - Grayscale Could Soon Launch New DOGE Trust● Identifying Potential Investors Amidst the churn of geopolitical unrest, billionaire investor Paul Tudor Jones heralds Bitcoin as a robust choice for investors.

— Robert F. Kennedy Jr (@RobertKennedyJr) October 9, 2023 10. London, UK How to Make Money with Cryptocurrency: Your Ultimate GuideThe Block: Where do you think their current caution, or their need for more time, is coming from, especially given that ETFs for futures have already been approved? What's the real difference? What makes the spot market more prone to risk or in need of increased scrutiny? Source: Stoner Cats / TwitterMajor NFT marketplaces, including OpenSea, Blur, and Rarible, have taken down the Stoner Cats NFT project following charges filed by the United States Securities and Exchange Commission (SEC). The Stoner Cats NFTs, initially sold in 2021, have been available for trading across almost all major NFT trading platforms. However, as of now, OpenSea and Blur no longer display any active listings for Stoner Cats NFTs, while Rarible has removed the project from its site entirely.OpenSea still maintains the project page, but the marketplace has reportedly confirmed that Stoner Cats NFTs can no longer be bought, sold, or transferred through their platform. OpenSea's Community Standards page explains that project pages are kept online even if trading is disabled since the site also serves as a blockchain explorer for NFTs.On Rarible, the Stoner Cats collection has been hidden entirely and is no longer visible to the public. LooksRare and X2Y2 Continue to Support Stoner CatsAlthough the NFTs are no longer listed on Rarible and trading is disabled on OpenSea, they still exist on the blockchain and in the wallets of their holders. Some marketplaces, such as LooksRare and X2Y2, continue to have active Stoner Cats NFT listings.Stoner Cats, co-created by actress Mila Kunis and developed by her Orchard Farm Productions studio, sold Ethereum NFTs that granted access to a six-episode web series featuring animated cats indulging in cannabis-related adventures. The project garnered significant attention due to the involvement of notable celebrities like Ashton Kutcher, Chris Rock, Jane Fonda, Seth McFarlane, and Ethereum founder Vitalik Buterin, who lent their voices to the characters.The primary sale of Stoner Cats NFTs in July 2021 generated over $8 million, and the creators also earned from more than $20 million worth of secondary market sales. SEC Sues Stoner Cats NFT ProjectLast week, the SEC charged the creators of the project Stoner Cats with selling unregistered securities.Subsequently, the creators agreed to a cease-and-desist order and to pay a $1 million civil fine, which will establish a Fair Fund to reimburse investors, though eligibility details are yet to be announced. The creators also agreed to destroy any remaining NFTs in their possession as part of the settlement.Following the SEC charges, the sales and prices of Stoner Cats NFTs experienced a surge, with prices reaching a peak of 0.082 ETH ($131) early on Thursday, according to NFT Price Floor data. As of now, the project has a floor price of 0.05940 ETH (worth around $97), up by 19.3% over the past 24 hours. It is worth noting that the NFT market has experienced a complete reversal since its peak in 2021 and 2022. Investors have seen the value of their blue-chip NFTs drop significantly, while several platforms have been forced to close down operations. However, there is still notable interest, with some big companies announcing NFT initiatives.As reported, Prada Group, the parent company of Miu Miu, in cooperation with the Aura Blockchain Consortium, has launched blockchain services that allow customers to verify the authenticity of their purchased products.Likewise, Italian luxury watch manufacturer Panerai has revealed plans to include an NFT-based "digital passport" with every watch sold after October 3. The NFT Bubble Has Officially Burst: Over 95% of NFT Collections Have Zero Value

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