Crypto.com Pauses Solana USDC and USDT Withdrawals - cyptoranking.com

2024-05-02

Popular crypto exchanges(2023 Update) 2024-05-02
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“As of today, Binance Smart Chain (BSC) will become BNB Chain. A transition that highlights BSC’s connection with the BNB token and BNB ecosystem.” Read More: Ripple (XRP) Price PredictionPaul Tudor Jones concerned U.S. is in 'untenable fiscal position' as it faces greatest challenges since WWII Crypto.com Pauses Solana USDC and USDT WithdrawalsIn a post updated 3 days ago, Frax Finance has released the official documentation for FRAX v3, a stablecoin designed to maintain its value through the use of AMO smart contracts and permissionless, non-custodial subprotocols. Quant price prediction shows a decline within a notable pattern on the daily chart. Sellers are actively pushing QNT towards the lower trendline. QNT has been in a descending parallel channel since April 2023, and for a potential breakout, buyers must increase their accumulation, despite lower-than-average trading volume.

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Starbucks has released an open-edition set of Pumpkin Spiced Latte NFTs on the Nifty Gateway marketplace. From the above chart, it can be seen that BTC is on an uptrend. The gradient of the current uptrend is higher than the previous uptrend marked in white dotted lines. BTC may travel along the dotted white lines and at times may be supported by the 2:1 Gann fan line as it heads toward $31.5K. Is crypto taxed in the UK?Authorities asked Binance to facilitate the process of withdrawing the seized funds into the state treasury. Galxe is making users whole by 110% if they lost funds in a recent hack, the firm announced on Oct. 10. “We want to express our deepest gratitude to those who are standing by us during this difficult time,” the company said.

The move came a day after Binance had already allegedly sold approximately $530 million worth of FTT, triggering a 14% decline in the token’s price over 24 hours. ValeVerse: the new Valentino Rossi metaverse on The Sandbox Crypto Historical Charts-Digital Currency Price HistoryWill Quant Price Leave the Declining Pattern? Until now, DappRadar exclusively tracked EOS Native dApps. However, with this latest integration, EOS EVM enters the spotlight on the platform. Interested parties can visit the DappRadar EOS EVM Page to explore the currently listed dApps. It’s essential to note that numerous EOS EVM-based projects are yet to be featured, and developers with live projects on EOS EVM are strongly encouraged to submit their creations via the DappRadar submission form.

As of September 25 of this year, Christine Lagarde, the Chief of the European Central Bank, indicated that the Digital Euro remains at least two years away from implementation. China, previously regarded as a frontrunner in Central Bank Digital Currency technology, was still in the trial phase, primarily focused on establishing rudimentary use cases with close allies. In comparison, Bitcoin and the broader open cryptocurrency ecosystem have amassed over 14 years of production activity and organic growth. For those who may not have closely followed Bitcoin's evolution, CBDCs may initially appear reasonable. However, upon closer examination, it becomes evident that Bitcoin's first-mover advantage provides it with a substantial head start in terms of network effects, adoption, and technological maturity. According to the cryptocurrency influencer Classy Crypto, Algorand has significant upside potential and could rally well when the bull market returns. In a recently uploaded video, the renowned influencer described the Algorand blockchain project and reviewed its performance over the years as a blockchain solution and a cryptocurrency. Bitcoin mining stocks are crushing it so far in 2023Image from PixabayFollowing the Securities and Exchanges Commission (SEC) lawsuit, US-based crypto exchange, Coinbase, has received multiple Show Cause orders from US states. The Alabama Securities and Exchange Commission (ASC), alongside ten other US states, filed charges against Coinbase for violating securities laws.States that joined the multi-state task force include Kentucky, Illinois, California, South Carolina, Washington, Vermont, Maryland, Wisconsin, New Jersey, and Alabama.Coinbase Has 28 days To Prove Why It Shouldn’t Cease Operating In 11 US States.In a June 6 press release, the SEC announced it sued Coinbase for operating as an unregistered securities exchange, broker, and clearing agency. The watchdog alleged that the crypto exchange violated securities laws by offering several digital assets not duly registered under the Securities Exchange Act of 1934 and 1933.The SEC has filed its complaint in the US District Court for the Southern District of New York, seeking injunctive relief, disgorgement of ill-gotten gains plus interest, penalties, and other equitable relief.In the press release, the SEC also recognized the assistance from the multi-state task force of ten state securities regulators led by California. According to the state regulators, Coinbase operated some staking programs for residents in the eleven states without registering the underlying cryptocurrencies under US laws.Alabama State Securities (ASC) officials said they did not prohibit Coinbase and other firms from offering staking services. However, they must comply with state laws.The multiple Sow Cause Orders gave Coinbase a 28-day mandate to say why it should not cease trading crypto in the states. That means Coinbase must prove with reasonable facts that its offerings are not unregistered securities. Failure to do so, Coinbase will have to cease operating in the states.Committed To Protecting US CustomersDirector of the ASC, Amanda Senn, said the state regulator is: “committed to protecting Alabama consumers and investors, including those who chose to invest in the decentralized finance space.”In addition, the director noted that the agencies’ action is another step toward ensuring that crypto investors have the same protection under US laws. The California Department of Financial Protection and Innovation (DFPI) provided factual background for their accusations against the exchange. According to the DFPI's estimates, Coinbase has been offering and selling unregistered securities since November 2019.The cryptocurrency market was already under fire from the SEC’s lawsuit against Binance and its CEO on June 5 for violating US securities laws. Even more disturbing is the SEC’s long list of crypto assets offered on Coinbase, which the regulated tagged as "unregistered securities" offerings. After news of the lawsuit broke out on June 6, Nasdaq-listed Coinbase shares (COIN) declined over 12% and closed at $51.61 against the June 5 closing price of 58.705. However, its price has recovered slightly by 2.88% and now trades at $53.09.JP Morgan Chase Files Trademark for Finance-Themed Chatbot in US Some real-world applications can already be seen, with blockchain transactions involving fiat currencies like dollars and euros already happening. In late 2021, HSBC and Wells Fargo began using blockchain platforms to settle bilateral foreign currency (FX).

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