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2024-05-05

Popular crypto exchanges(2023 Update) 2024-05-05
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Source: QNT/USD by TradingView As of October 10, Kaiko observes that there are more than 2.2 million contracts, and the number has been rising steadily over the past few trading weeks. With increasing open interest, it can hint that bulls are in the equation, which may support prices now that prices are under immense pressure. CoinMarketCap: Cryptocurrency Prices, Charts And Market ...CoinEx Hack Impact: In the aftermath of the CoinEx hack, BabyDoge holders faced potential losses of $2-3 million as stolen tokens flooded PancakeSwap. CoinEx, a crypto exchange, suffered a hack on September 12, with an estimated loss of $54 million. CoinEx responded by transferring its remaining crypto assets from its hot wallet to a secure cold wallet. Over the past two weeks, Hong Kong police have received reports of 11 cases where unsuspecting individuals fell victim to these Binance scam schemes. These incidents have resulted in the unauthorized transfer of virtual assets from their Binance accounts, amounting to a staggering 3.5 million yuan in losses.

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Source: Adobe StockBinance Marketing Partner Rebuildingsociety has been sanctioned by the UK's Financial Conduct Authority (FCA), informing them that they cannot act on behalf of Binance for financial promotions under current law.In a recent regulatory development, Rebuildingsociety, a firm duly recognized and regulated by the UK's Financial Conduct Authority (FCA), has been subjected to restrictions. The FCA has mandated Rebuildingsociety "not to approve the content of any financial promotion for a qualifying cryptoasset for communication by an unauthorized person.This notice has sparked speculation regarding the recent Binance's potential shift in UK partnerships to ensure compliance with the FCA's marketing requirements. This sanction comes a mere seven days after Binance announced its partnership with Rebuildingsociety. The partnership was aimed to facilitate Binance in marketing its various offerings, including spot trading, nonfungible tokens (NFTs), and various other products and services specifically targeted towards users in the UK.However, the FCA directive indicates that Rebuildingsociety must, by 5 pm on October 11, 2023, withdraw any existing approvals of financial promotions containing a qualifying cryptoasset.The FCA's instructions extend to Rebuildingsociety's client engagement. The firm is required to inform any clients it has engaged with or has been engaged with for the purpose of approving content in any financial promotion containing a qualifying cryptoasset about the imposed requirements. Additionally, Rebuildingsociety is mandated to withdraw any advertisements or similar promotional materials offering to approve the content of such financial promotions for communication by an "unauthorized person."Furthermore, Rebuildingsociety must affirm its compliance with the FCA's requirements by no later than 5 pm on October 13, 2023, in written communication to its designated contact at the Authority.Binance Launched UK-Specific Domain in Compliance with FCA's Financial Promotions RegimeOn October 6, in a strategic move to align with the Financial Conduct Authority's (FCA) Financial Promotions Regime, Binance embarked on a partnership with Rebuildingsociety.com Limited and unveiled a dedicated domain for UK users.Since 2021, the FCA, in response to its assessment that Binance was "not capable of being effectively supervised," has acted on Binance's request to revoke several permissions previously granted to its UK unit. Consequently, Binance's UK arm was barred from engaging in regulated activities within the country.However, this collaboration allowed Binance to operate within the UK while adhering to the updated Financial Promotions Rules. Rebuildingsociety, being a sanctioned and FCA-regulated firm, holds the authorization to approve crypto marketing and communications materials as an 'S21 approver.'As part of its commitment to conform with the FCA's stringent regulations, Binance took several measures. These include the discontinuation of services such as referral bonuses, research and academy offerings, and gift cards in the UK. All marketing materials associated with these services will be subject to approval by the Rebuilding Society. These changes were set to come into effect for retail users in the UK starting on October 8, 2023.FCA Continues Vigilance on Crypto Asset PromotionsThe FCA has maintained a vigilant stance on promotional activities in the crypto asset sphere. In a recent development, the FCA announced that it had issued a total of 143 notifications pertaining to promotional activities tied to crypto assets.Starting from October 8, 2023, the FCA mandates that any entity seeking to promote crypto assets in the UK must be either authorized or registered by the Financial Conduct Authority (FCA). Alternatively, they must obtain approval for their marketing materials from an authorized entity.These regulatory guidelines emphasize transparency, equity, and the absence of misleading information in promotions. They also require the prominent display of risk warnings and prohibit any encouragement of investments that may be deemed inappropriate.It is crucial to note that these financial promotion regulations are binding on all firms involved in marketing crypto assets to UK consumers, regardless of their location or the technology employed for promotional endeavors. These measures are aimed at empowering consumers with a deeper understanding of crypto asset investments and the associated risks.SBF's Lawyers Seek To Cross-Examine Gary Wang on Counsel’s Involvement in Alameda Loans StaFi’s Vision for the Future How can I buy crypto from Nigeria?As depicted below, the number of STORJ exchange outflows exceeded inflows by 7.31 million tokens on October 8. Bar September 18, the last time STORJ exchange netflows hit this level was back in March 2021, the day before the price hit an all-time high of $3.81. How did we get here?

The news about the US government shutdown pushed Bitcoin’s price up by 2%. The FSC's report, which surveyed a total of 35 virtual asset operators in the country, including 26 crypto exchanges, also revealed some noteworthy trends. Huobi-Buy Bitcoin & Crypto by Huobi Global Limited“Until then,” he concludes, “the major potential user here remains crypto degens and DAO treasuries, and perhaps forward-looking neobanks.”AI is the Key To DeFi Liquidity IMF’s chief economist Pierre-Olivier Gourinchas said:

Day 6 of the trial of Sam Bankman-Fried saw the conclusion of former FTX chief technology officer Gary Wang’s testimony and the beginning of former Alameda Research CEO Caroline Ellison’s. Wang testified about his plea deal, among other things. General Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.What Are Non Fungible Tokens (NFTs)? What are Its Future Possibilities? Vancouver: Deciphering Blockchain & Cryptocurrencie...On-chain data shows the whale transferred 4,000 BTC to one address and 1,000 BTC to a second address. Both wallet addresses are new and have not been labelled. "GPT-4 was consistently able to outperform human reviewers to identify biases, harmful and non inclusive language in those submitted manuscripts in ways that the human reviewers couldn't do," he observed. "Even though, if GPT-4 is asked to write the same paper itself, it might be guilty of those same biases."

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