Special Report: Binance's books are a black box, filings show, as it tries to ... - cyptoranking.com

2024-05-03

Popular crypto exchanges(2023 Update) 2024-05-03
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Prominent crypto tracker Whale Alert spread the word about a massive XRP transaction, carrying tens of millions of XRP to the Bitstamp platform from an unknown wallet. Dong Ximiao, the Chief Researcher at the China Merchants Union, stated: Special Report: Binance's books are a black box, filings show, as it tries to ...This analysis delves into the strategies and initiatives of top video game companies in embracing web3 and blockchain gaming, providing insights into their market approaches and the challenges they face.Minecraft bans Bitcoin P2E, iPhone 15 & crypto gaming, Formula E: Web3 Gamer 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lawyers submitted a letter to the New York District Court on Wednesday, informing the judge that their client had withdrawn his application for bail during the appeal process.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

Exchange Rankings Crypto
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8. Cheyenne, USA According to Santiment, traders are now split about the future of Ethereum price, making ETH a polarizing topic especially on Crypto X. With bearish sentiment growing, experts from Santiment anticipate a turnaround. Who owns the most Ethereum?Making decisions in DAO can be a time-consuming process since there is no set of people or predetermined boardroom members who can take all the decisions. In fact, the involvement of a great number of voting participants results in the decision taking more time. A High-Profile Trial

Weekly Crypto Asset Flows. Source: CoinShares The Shiba Inu burn mechanism, SHIB burn, simply refers to the process of burning SHIB tokens. The burning process is achieved through a combination of manual burns and an automatic mechanism integrated into the Shibarium network, Shiba Inu’s own blockchain. All miners connect to pools using a protocol called stratum. ...NEAR Coin Price Technical Analysis in the 1-Day Timeframe The correlation between Block shares and the price of bitcoin — standing at 0.61 — “appears to be a case in which investors’ perception of the impact of bitcoin on the company’s prospects matters more than the reality,” the analysts said in a Wednesday research note.

The above-mentioned Endgame Plan was whipped up by Maker’s founder Rune Christensen to generate as much revenue for the protocol via yield from real-world assets. The Metaverse will have an impact on the vast majority of economic sectors. In the same way that every firm had a website a few decades ago, we are rapidly nearing the time when every organization will have a presence in this new virtual arena. Because of this, there will be an increased need for a few specialized groups of specialists. How to buy bitcoin with a Commerzbank in GermanyIn a statement, Mahajan said that the experience of seeing Zynga pull FarmVille offline in 2020 inspired him to explore the use of blockchain technology to design and deploy “forever games.” According to a recent tweet by Santiment on-chain data vendor, the whale activity on XRP Ledger has dropped significantly compared to the last two calendar years. Still, regardless of that, XRP whales have still been accumulating XRP coins.

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