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2024-05-06

Popular crypto exchanges(2023 Update) 2024-05-06
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Police spokespeople said they had frozen crypto exchange wallets and seized coins. The fund is structured as a smart contract on Ethereum and was launched using the bank’s proprietary tokenization service, UBS Tokenized, according to an announcement on Monday. PocketBits-Buy, Sell & Hold 100+ cryptocurrencies in INR.Image Source: PixabayCrypto billionaires have been hit hard by the Securities and Exchange Commission's crackdown on Binance and Coinbase, incurring huge losses so far this week.Binance CEO Changpeng Zhao, known as CZ, has seen his net worth shrink by $1.4 billion to $26 billion, while Coinbase CEO Brian Armstrong has seen his net worth drop by $361 million to $2.2 billion, according to the Bloomberg Billionaires Index. This marks a reversal in fortune for crypto’s wealthiest founders, who saw their combined net worth increase by $15.4 billion in 2023 from the comeback in the price of Bitcoin and other digital assets.Specifically, Zhao's fortune was up by a staggering 117% before this week’s decline, while Armstrong’s was up by 61%. By comparison, the other billionaires on Bloomberg’s wealth index were up a combined 9%.Bitcoin's partial comeback this year was largely due to the expectations that the decreasing inflation as well as the US banking crisis that erupted in March would lead the Federal Reserve to hit a pause on rate increases.That is because lower interest rates can stimulate economic growth and may lead investors to seek higher returns from riskier assets such as cryptocurrencies and stocks.However, this may not matter if US regulators make it harder for the industry to operate or make it difficult for Americans to trade.SEC Files Charges Against Both Binance and CoinbaseThe SEC has sued both Binance, the world's largest cryptocurrency exchange, and Coinbase, the largest US-based cryptocurrency, over the past two days. The commission filed 13 charges against Binance and its US affiliates, ranging from allegedly operating as an unregistered exchange to offering unregistered securities. The regulator also levied similar charges against Coinbase, claiming that it operated as an exchange, broker, or clearing agency without the required registrations. The lawsuit against Coinbase came after the SEC sent a “Wells notice” to the company in March, threatening the crypto exchange with legal actions regarding some of its listed digital assets, its staking service Coinbase Earn, Coinbase Prime, and Coinbase Wallet. In response to the complaint, Senator Cynthia Lummis lashed out at the SEC, claiming the agency not only failed to provide a path for crypto exchanges to register but also failed to provide legal guidance on what constitutes a security. "The SEC's continued reliance on regulation by enforcement continues to harm consumers," she said, recommending that the agency instead create a "robust legal framework that exchanges can comply with."Meanwhile, in an interview with CNBC Squawk Box shortly after the agency announced charges against Coinbase, SEC Chair Gary Gensler said crypto firms need to be compliant with securities laws. "I think the crypto industry more broadly if it's gonna have any success going forward has to come into compliance with basic public policies about disclosure, about avoiding conflicts, about properly segregating customer funds, and guarding against fraud manipulation."Coinbase Receives Cease and Desist Notices from 11 US States Weiss Crypto referred to the data shared by CoinShares fund, which deals with financial institutions. According to its report for the past week, Solana has seen $24 million in new Investments. It was the best week for SOL so far since March of this year, and it has been $55 million in terms of year-to-date figures.

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Consensus mechanisms are the foundation of your project, and there are actually many beyond PoW and PoS, such as proof-of-capacity, proof-of-activity and proof-of-burn. Others, such as proof-of-personhood, are emerging and can be rather controversial. Ensure you fully understand the landscape and pick the one that aligns best with your project’s long-term success. – Megan Nyvold, BingX From the daily chart, ETH is around the $1,500 and $1,550 primary support. Though buyers appear to be in control, since prices are boxed inside the June to July 2023 trade range, any break below the support zone may trigger more losses. Coinbase Reveals Winners of Dogecoin Sweepstakes. And Californians Score BigAavegotchi is a game developed by Pixelcraft Studios in Singapore that combines NFTs and DeFi. Players can stake their NFT avatars with interest-generating tokens in this game and explore the Aavegotchi Metaverse. Digital assets should not be seen as “somehow special,” nor should action against Coinbase be seen as “novel or extraordinary,” argues an association of North American securities regulators.In an Oct. 10 filing in the United States District Court for the Southern District of New York supporting the U.S. Securities and Exchange Commission (SEC), the North American Securities Administrators Association (NASAA) argued that digital assets need not be given any special treatment when it comes to applying securities laws. TradFi grey hairs file Amicus Curiae on behalf *drum roll* the SEC, in SEC vs. Coinbasehttps://t.co/ukeHcfcX8BNASAA landing page screenshot and story attached. PROTECT. pic.twitter.com/DczmmRVlm5— Mikko Ohtamaa (@moo9000) October 10, 2023

Also on the same day is a large token unlock for Aptos, with almost $24 million in APT tokens flooding the market. This coincides with the departure of several executives from crypto exchange Binance’s United States division, Binance.US. Crypto vs. Banking: Which Is a Better Choice?Also included in the purchase are 48 Pudgy Rods, a fishing rod collection that debuted in August 2021 as a free-to-claim NFT, as well as an airdrop containing an additional 48 Lil’ Pudgys. Time has shown, as Microsoft subsidiary Mojang has asked Satlantis to remove the play-to-earn features, according to a Discord post by server founder David Dineno. The server accepted the request and removed the feature two days after the Discord post.

However, on July 13, the court ruled a partial victory for both the SEC and Ripple. Ripple’s native token, XRP, was deemed a security for institutional sales but not for retail sales. What do you think about the Ordinal inscription downturn? Share your thoughts and opinions about this subject in the comments section below.NFT News: Pudgy Penguins NFT Trading volume up by 530% Decentralized ExchangeDepending on the exchange platform, users can borrow additional funds to top up trades. It is also referred to as leverage trading. The partnership between Zurich-based Web3 venture accelerator firm Blockraise and Scottish cryptocurrency Scotcoin is a strategic collaboration that aims to support the crypto’s development and growth. The ethical cryptocurrency additionally will help promote social and environmental causes in Scotland, according to the companies.

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